Iraqi Dinar Guru opinions 9-29-17
Iraqi Dinar Guru opinions 9-29-17
9-29-2017 Newshound Guru MilitiaMan Article: “Foreign Minister receives the representative of the Secretary-General of the United Nations in Iraq” Quote: “…the Representative of the Secretary-General of the United Nations in Iraq, Mr. Jan Kubic…said that…Iraq has returned to the international scene, and there is more cooperation and work required for the reconstruction of Iraq.” Well well! …This is a doozy…this is on Thursday the 28th of September 2017. Today is payday. Tomorrow is closed through Sunday. Oh wait is that a holiday again that was recently imposed? If not, it is the new beginning of the fiscal year and the beginning of reconstruction post expulsion.. A fancy way of not saying LIBERATION is in effect! Imo if the stage for Abadi to address it openly on his turf is not set, shut the frkn door! Imo wow.
9-29-2017 Newshound Guru Kaperoni …As a result of the Kurdistan referendum, the Parliamentary Finance Committee has asked the CBI to suspend Kurdish banks from the daily currency auctions. It appears the CBI has confirmed they are in fact doing so with the documentation about. What does this mean to us? It means that the decision to do this is counter productive to the goals set forth by the recent IMF Stand by Agreement and efforts from the UST and IMF to help Iraq meet the conditions to move to Article VIII. …the sole remaining obstacle was to demonstrate the CBI could manage the dinar within Iraq and maintain a spread between the Official Rate and the Market Rate (street rate) of 2% or less…the IMF requires this to he held for 90 days before compliance would be met. The goal is 1200 to $1 or about. The decision now to prevent the Kurdistan region has had an effect on this spread as reported today it is now 1275 to $1 in the region.
9-29-2017 Newshound Guru Kaperoni If Iraq is going to bring investment into Iraq, they need to meet compliance, and move to Article VIII so the dinar is more recognized globally. Freedom of movement of capital in and out of Iraq is a requirement for investors to participate in the rebuilding of Iraq. The economy will stall if the CBI cannot find a way to meet compliance and take the next step for the banking system. It clearly will have an effect on not only the economy, the banking system, monetary policy, employment and the citizens. There is nothing we can do except watch how this plays out with the hope a resolution comes sooner than later so the CBI can get back to what it needs to do. I am not abandoning the dinar, this is not a “sky is falling” prediction, this is a factual explanation to the events of the Kurdish referendum that will need to be addressed by the IMF and the CBI. It will cause delays..which may be a few weeks or several months or longer. Time will tell.
9-29-2017 Newshound Guru Adam Montana […For something that was in the strike zone nearly 7 months ago, what zone is the HCL in now?] Actually, I think this is a good thing! The referendum is meaningless – sure, they voted…All this does is put pressure on everyone to come together. As far as a “strike zone”, there have been plenty and there will continue to be more. When they decide to act on it, we win a bowl of RV soup.
9-28-2017 Newshound/Intel Guru Mnt Goat …Iraq is already half way into Article 8. They have been working hard for almost a decade to get there. Yes – they need to immerse fully in Article 8 to be an international player and this is coming shortly.
9-28-2017 Intel/Newshound Guru tman23 …”Global Currency Reset” … There is NO GLOBAL CURRENCY RESET… I won’t go into all the reasons why such is an impossible endeavor… We can’t get 2 countries to agree on the simplest of things.
9-28-2017 Intel/Newshound Guru payray Article: “The dangers of the depletion of the Iraqi Central Bank its reserves in financing the budget deficit” The continued use of the US dollar to carry out the financial affairs of Iraq is depleting their reserves due to increased spending within government, and the conversion of the dinar to the dollar as well… The CBI is declaring that they need to remain independent of the Iraqi government, but had to intervene when the financial situation had worsened… This screams of the need to raise the rate of the Iraqi dinar folks… They know it, and yet only harp on the same subject over, and over again… When they do finally go international with the dinar, and raise the rate, it will alleviate so many problems as it concerns deficits… Which is why it is odd as to why they have done this sooner?…
9-28-2017 Intel/Newshound Guru payray Which begs the question… With all of this deficit, and need to rebuild, how much of an increase will their have to be in order to fulfill all of these glaring obligations?… Has it been the plan to place so much of a burdensome debt upon Iraq so as to justify the need to have a higher rate? With all of the talk of the wealth within Iraq as well… Are they preparing for a high rate vs. the dollar?… Just an observation, and I do not know the outcome of all of this obviously… But when you begin to see what is transpiring, you cannot help but wonder…
9-28-2017 Intel Guru Frank26 Jabouri had over 30 secret meetings while in NYC with other nations…All under the direction of Abadi. Nothing has been released about these meetings. They wouldn’t meet with Iraq if there is still a program rate. Abadi ready to give his speech.
9-28-2017 Newshound/Intel Guru Mnt Goat Trust me this is not my “opinion” either…The Kurds are not just being rebellious and this is not just some “smoke” screen for the RV. Barzani fully intends to separate Kurdistan from the Iraqi Republic but remember this is not an overnight deal. It will take years to accomplish. Meanwhile what will be the GOI response? How about the response of its neighbors? There will be many impacts all around. We are told it will not be pleasant…the Kurds will not be allowed to leave peacefully. The Kurds overwhelmingly voted for the referendum and got over 60% turnout for the vote and the voting process was a huge success. Iraq is now experiencing major crises and this is disappointing as we really don’t know how this is all going to turn out.
9-28-2017 Newshound/Intel Guru Mnt Goat Politically Iraq could in-fact fall apart and end up with an internal civil war with Kurdistan. Remember the Kurds hold 1/3 of all political positions within the GOI. I am hopeful that the new democracy is strong enough and they will not resort to forceful civil unrest or war. But there is still way too much POLITICAL and SECURITY instability to even think they would push out a reinstatement of their currency at this time. Do they need a higher rate to their currency? This is a loaded question and is hard to define. Yes – many economists believe the currency SHOULD be valued much higher than it is (and I agree)… Are they ready to RV as far as the reforms and what the CBI has done to set them up? Yes – they are fully ready, but it is these factors now that plan a major role in triggering the final part of the process of the “project to delete the zeros”. This final process is what we watch and wait for.