Iraqi Dinar Guru opinions 9-22-17
Iraqi Dinar Guru opinions 9-22-17
9-22-2017 Intel/Newshound Guru payray I believe it will come out at a higher rate simply because of the bills that have to be paid… Iraqi’s will not be happy with a lower rate… When I say higher rate I am talking about a rate that will be more that just 1 to 1…. 1.30 dollars to 1 dinar ect for example… This is how they are going to get the higher notes off of the streets… Something they have been writing about as of late quite frequently… The Iraqi people will not be very happy with a .05 cent to 1 dinar rate in any way shape, or form… They have been waiting patiently for far too long… Especially when you have Jordan at 1.40 dollars to 1, and of course Kuwait at 3 plus dollars to 1 dinar..
9-22-2017 Intel/Newshound Guru payray And we have the fact that Iraq has been boasting this past year about the wealth they have within their country…They are going to need some buying power ASAP… So that this reconstruction, and rebuilding of their economy process can hit the ground running…Lots of orchestration leading up to a moment that will be soon upon us… It has be a dramatic change in value… I am more of the opinion of them coming out at the least the high 2’s, and close to 4 dollar range… This country is loaded… One that will instill confidence not only within the ordinary Iraqi citizen… But the world at large as well that Iraq is back in a huge way..
9-22-2017 Newshound Guru Walkingstick Article: “Confusion over the Iraq speech at the UN that never was” Quotes: “Iraq’s prime minister Haider Al-Abadi pulled out of trip to New York amid political crisis at home” “Confusion reigned Thursday afternoon as Iraq’s allotted time to deliver its address to the UN General Assembly came and went – without a word from the Iraqi delegation.” Regardless, keep in mind…Whether Abadi or an alternate address the UN, or not… If, they keep up the accelerated pace, as they did in liberating west of Anbar… Claiming, a nearing complete liberation of Iraq (possibly within 48 hours), per articles … I believe, his addressing the Iraqis and the world.. From, within Iraq… Announcing a complete liberation, secure borders…will have a much greater impact on the Iraqis themselves, and world bodies…then, a speech at the podium of the UN.. It appears, in reading .. he intends to do just that…. We wait, to see…
9-22-2017 Newshound Guru Militiaman Article: “Kuwait ‘s economy allocates most of its word in New York about Iraq…” Quote: “The Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah said his country plans to host an international conference next year for donors to support Iraq, in cooperation and coordination with Baghdad and the international community” “This would contribute to strengthening the efforts of national reconciliation among the various components of the Iraqi people and would restore security and stability and preserve the unity, independence and sovereignty of Iraq and create conditions for the start of reconstruction and reconstruction efforts. To their areas.” The National Reconciliation may be at their finger tips, within hours and not months or weeks now. A full liberation may just do the trick! It has been said yesterday if I read that right, as in 48 hours.. Time has flown by since..
9-22-2017 Intel Guru Bruce Many of us were looking for a speech by Abadi tonight [Thursday]. He did make a speech…in Iraq on these Jumbotron TV screens…in 9 providences. …I do not have the content on it, but my understanding is it was a message for the Iraqi people about the RV of the Dinar. It wasn’t broadcasted so we could see it. What we were looking for was an announcement made to the world from the UN that Abadi was suppose to do. My understanding so far at this time he did not make that announcement tonight [Thursday]. We don’t know exactly why it didn’t go or if it was rescheduled to go for another time… It could be that speech was actually given and not aired and would be aired at a later or at an appropriate time.
9-22-2017 Intel Guru Bruce …also…the ATMS were not live everywhere throughout Iraq. My understanding was 6 hours after that speech tonight [Thursday] …which we do not know what happened to it, the ATMS would be put into play all over the country… In terms of where we are, I believe we are at the point things got very quiet starting at about 7:15pm tonight EST [Thursday] because we really don’t know where the announcement went from Abadi and whether it has been rescheduled yet. We are waiting again what shouldn’t be too much longer… It is still in a great place.
9-21-2017 Newshound Guru Enorrste Article: “Private Banks Association organizes a workshop on safety requirements for financial systems conversion” Quote: “This workshop comes at a very important time is determinedly Iraqi banks open up to the regional and international banks and boost confidence between them to reflect positively on the banking sector.” It seems to me that this movement that we are seeing on several different fronts at this time is being driven quietly from the IMF in the background. They stated last year that it was their intention to bring Iraq into the world market in the first half of 2017. They did not make that goal, obviously, but we continue to see progress (at the Iraqi rate, unfortunately) toward that goal. This symposium/training is clearly geared, as KAP [Guru Kaperoni] has rightly stated, to something that is “on the horizon” rather than down the road a way. I would not be surprised to see Iraq move into Article 8 late this year and start the float either at that time or at the beginning of next year. Saleh seemed to indicate some time ago that changes like these must take place at the beginning of a year.
9-21-2017 Newshound Guru Kaperoni Article: “Private Banks Association organizes a workshop on safety requirements for financial systems conversion” Quote: “This workshop comes at a very important time is determinedly Iraqi banks open up to the regional and international banks and boost confidence between them to reflect positively on the banking sector.” I have said this before, you don’t train people for a task they will be doing a year from now. This to me clearly implies they expect to engage with the worlds banking system within a few months or less. We can hope.
9-21-2017 Newshound Guru G-Lin It’s a little slow on news. Today is a holiday in Iraq. Islamic New Year…A lot of good stuff going on currently. Maybe the calm before the storm.
9-21-2017 Intel Guru Frank26 Article: “Kuwait to help Iraq fulfill UNSC commitments” Quote: “Kuwait said Wednesday it would cooperate with Iraq to fulfill commitments towards Kuwait as listed in UN Security Council resolutions…” Today we have KW [Kuwait] backing A [Abadi ?] and Iraq …Nice (big smile).
9-21-2017 Newshound Guru MilitiaMan I am glad to see that Iraq is openly speaking about full liberation of their country if I read that right today. They have made immense progress under the leadership of Abadi. They deserve a leader like him to bring peace, unity and reconciliation. They now deserve to have what that brings too. A fully convertible currency that is not restricted and is back to her former glory! Let’s see if that holds true, they are the ones who said that it will be… Today is the 21st of the month. We have read where that is the day business owners submit if you will the data for the remittance’s to be paid on the 28th of the month. I wonder if that holds true today?
9-21-2017 Intel Guru RayRen98 [Did they say $3.71 at the national rate for Iraq?] You will see 3.71 is the international rate, so far as I am being told. However, that is the sell rate, not the buy rate. That is the rate the bank will SELL the dinar to you, and the BUY rate is what the bank will offer to you in exchange for your dinar. The $3.71 will be the rate you see on the screen, and the bank will tell you what rate they will buy your dinar at – they will be upfront with that. There are always two rates for any currency. Those are the rates we were told two years ago…
9-21-2017 Newshound Guru Adam Montana […assuming the CBI elects to “Float” the Dinar from it’s current value and removing zero’s maybe one at a time…do you see this process taking up to a year…to have a value close to 1 to 1 with the us dollar? …how long from the time they start the “Float” until (you believe) they start removing the large denomination bills (those bills larger than 100 IQD).] yes, the float process could certainly take up to a year, maybe more or less. I believe we’ll be looking at a hybrid situation between peg/float – a likely scenario is this: First, revalue to around 10 cents per USD. (It is almost certain to remain pegged to the USD at this time, regardless of how they revalue.) That rate could be “fixed” for a period of 3 months, up to 6 months, while the larger denominations are collected and removed. This is the “Pegged” period. Next..
9-21-2017 Newshound Guru Adam Montana …after the initial 3-6 months, resume normal auctions and let the market determine the future rate. This is the “Float” period, where the market can easily drive up the value to $1 and beyond. That initial 3-6 months allows the CBI to directly manipulate the currency supply, possibly introduce an entirely new printed currency, and control their expenditures while simultaneously profiting from the exchanges.