Iraqi Dinar Guru opinions 9-10-17
Iraqi Dinar Guru opinions 9-10-17
9-10-2017 Newshound Guru MilitiaMan It is clearly apparent that when the CBI” “Central Bank of Iraq issued long-awaited instruction for e-wallets and mobile payments apps like Venmo and Pay Pal”, and now we see that they have sent out MCs [MasterCards ?], thus, one can safely presume this ride is in full motion and won’t be stopped. Imo, the longer it takes the closer we are each and everyday going forward. …the CBI imo is telling everyone in the world they are fully International.. There are ATMs that don’t take or work with triple zeros noted imo in place. My thinking is that the CBI using a very powerful social media outlet to tell us that instructions were Issued for Pay Pal and VERNOM is very very huge…IMO.
9-10-2017 Guest Guru BobTheTaxMan If you are going to give away dinar as dinar, keep it as dinar. Remember I told you earlier the moment you take it to the bank to cash it in, it is a taxable transaction. When you gift dinar, I doubt for the most part you’re going to give away $14,000 dollars that you paid for the dinar to somebody. Let’s say for example you’re going to give them a million dinar and you paid $1,000 dollars for that million dinar that’s only $1,000 on the gift tax that’s it…Not reportable. You don’t have to worry about it. You’re allowed to give away $14,000 (If you’re married you’re allow to give away $28,000) without having to report it. It doesn’t reflect back into your estate tax at all. Make sure you gift it in a statement and you do it in dinar. Do not make the mistake of cashing it in and then giving it. When the recipient gets that money along with the agreement/arrangement you’ve made…when they cash it in, it becomes taxable to them not to you… [NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time.]
9-10-2017 Intel/Newshound Guru payray Article: “The budget for 2018 is in the semi-final preparation, and will be presented to the Council of Ministers next month” …I am curious about this supplemental budget that was signed by President Masum, and placed into the Gazette a few days ago… Speaking of President Masum, he is slated to visit the US, and speak to the UN general assembly on the 17th of this month… Wouldn’t it be nice if before he left to address the UN, the dinar officially goes international with a fair, and just rate… Only adding to the importance of his speech to the UN… Sending the message, “Iraq is back baby..”…And of course the UN comes out with their semi-monthly rates for worldwide currencies on the 15th of Sept… Lets see how this plays out…
9-9-2017 Intel/Newshound Guru payray Article: “Jordan issues first fruit shipment to Iraq today” Getting those trade passages open again between Jordan, and Iraq is good news… Jordan feeling good about exporting to Iraq means that they are comfortable with their security situation… Now if they want to really profit, the need to increase the value of the Iraqi dinar is essential…
9-9-2017 Guest Guru BobTheTaxMan …As soon as you determine that and you have this idea–you’ve decided you’re going to cash in X amount or whatever percentage you have at whatever rate appears to be at this time, plan on the taxes. My invitation to you is to pay it the day you cash it. Don’t wait. Pay it. Get it out of your life…then after that everything you have left over is all yours you can do what you want with it…Income taxes are going to be applicable. A lot of people are going to come back and say “What about capital gains tax.” This particular investment is not going to be treated as capital gains…It’s going to be treated as ordinary income. Which makes it subject to tax brackets…federal and state…Plan on these taxes and act accordingly. [NOTE: This should NOT be considered tax or investment advice. It is purely informational and the views of this guru. Speak to your own tax and investment professional at the appropriate time]
9-9-2017 Newshound Guru Kaperoni Article: “Saleh: The 2018 budget will be presented to parliament next month, and will include maximizing the non-oil resources” Quote: “the 2018 budget year is moving to expand non-oil resources whenever possible, as the State orientation is to encourage employment through the private sector” . They got work to do if they expect this to occur