Iraqi Dinar Guru opinions 10-7-17
Iraqi Dinar Guru opinions 10-7-17
10-7-2017 Intel/Newshound Guru payray Article: “Lagarde calls on states to “seize the opportunity” of global recovery” Quote: “The global economic recovery is taking hold, calling on nations to adopt reforms aimed at lasting prosperity on a larger scale, IMF director Christine Lagarde said on Thursday.” …I would like to point out how she is forecasting 7 years of economic prosperity after being in the deep freeze… She declares that the horizon looks promising… The 7 year period of prosperity has not occurred for the world economy as of yet… Which is why I cannot help to believe that the monetary reform in Iraq has something to do with the beginning of this 7 year period of economic abundance…
10-7-2017 Newshound/Intel Guru Mnt Goat …how much longer can Iraq stay isolated? Did you read about Abadi’s recent trip to France? Why would France come into Iraq and want to deal with this under-valued currency?
10-7-2017 Newshound/Intel Guru BGG Article: “Economic expert: Iraq cannot trade in its local currency” Quote: “Iraq’s agreement with other countries for commercial exchange through the local currency and abandonment of the dollar will have a positive return on the economy,”…“noting that” trade in local currency will reduce the inflation rate significantly because of the lack of the need to buy Dollar or reduce the proportion of purchase.“ You do realize what they are talking about here – right? This is a fairly direct reference to the “deleting of the zeros” project in a veiled sort of way. Fact.
10-7-2017 Newshound/Intel Guru BGG Even though they are saying they can’t do it right now…doesn’t mean they won’t – or this person has the final say in such matters. If they want to re-engage with other world economies, this will happen. All of these items appear on a collision course. However, they won’t be able to lay off the dollar or fully engage internationally at the current value…it is too much of imbalance. It is going to be interesting to see the outcome of these next meetings with the IMF starting on the 13th here in Washington D.C.
10-6-2017 Intel/Newshound Guru payray Article: “House of Representatives, stressing the need to cancel the deduction of salaries of employees and stop borrowing” These loans received by Iraq is a means of control by those outside of their governance, as well as preparation for something very significant occurring… There will be an adjustment period once the increase takes place…. Prices within Iraq will no go down over night… So the need to ensure that they will be prepared from a liquidity standpoint is key into making sure this transition goes smoothly, as the people of Iraq will begin to enjoy their increase in buying power…
10-6-2017 Newshound/Intel Guru Mnt Goat Article: “ECONOMIST: IRAQ CANNOT TRADE IN LOCAL CURRENCY” Quote: “IRAQ’S AGREEMENT WITH OTHER COUNTRIES TO TRADE THROUGH THE LOCAL CURRENCY AND ABANDON THE DOLLAR WOULD BE POSITIVE ECONOMIC PAYOFFS…” WOW! … “positive economic payoffs” if they abandon the dollar. We know that currently they are forced to use the US dollar due to sanctions which peg the dinar to dollar to stabilize it. We all know inflation in Iraq is caused now mainly because of the dual currency exchange rates from the buy vs sell rate of the dinar (CBI vs Banks vs street venders) when they are forced to convert to US dollars to pay importers. So in this article they are saying there are advantages to abandoning these sanctions and to stop this practice of converting dinars to dollars for trade and just use dinars. When they do this we go to the bank…This is when we go to the bank and ONLY when we go to the bank!
10-6-2017 Newshound Guru MilitiaMan Article: “Economic expert: Iraq can not trade in its local currency” …they speak of ditching the dollar to reduce inflation to bring a positive outlook on the economics of Iraq through commercial exchange to trade through local currency. That is getting rid of MCPs. A requirement of the IMF. Think about timing, think about large business “Total” for oil, reconstruction, medical facilities, schools, roads, bridges, etc.. All will trade with a local convertible currency with an international rate not a program rate. We know there is a meeting with the IMF (An extension if you will from the SBA meetings in Amman, as of recent.) coming within the next week real close. That meeting based on the news that I see is expected to be on time and about completion of what has been done. The timing of Liberation and the mention among many other things, even about de dollarizing to use local currencies speaks of the end game for the MR to change from in process to being done with the old (000s) and in with the new. imo
10-6-2017 Newshound Guru mike Article “Float the dinar .. or VAT Kodaf oaths” Quote: “Alternative or solution essential is to float the dinar without hesitation to get rid of the waste of millions of dollars a day, where the Central Bank of Iraq helps wasting hard currency at a rate ranging between 10 to 15 million dollars a day from a corrupt process politically likes to talk about, where everyone seems to be a partner or is unaware the risks.” …this puts the kibosh on the whole $1-$3 dollar RV. Floating the dinar outside of Article VIII seems nuts, even under Article VIII Egypt and Yemen lost purchasing power in their respective currencies, what will it do to the dinar?
10-6-2017 Newshound/Intel Guru Mnt Goat Article: “CBI EASED FINANCIAL RESTRICTIONS IMPOSED ON THE KURDISTAN REGION OVER ITS INDEPENDENCE VOTE” Quote: “Iraq’s central bank on Wednesday eased financial restrictions imposed on the Kurdistan region over its independence vote AFTER RECEIVING A PLEDGE OF COOPERATION FROM KURDISH BANKS…” I believe the CBI is exploiting the kickback from the referendum fiasco to get the banking industry in Kurdistan under the reforms (i.e. electronic banking) and to finds way of getting those 3 zero notes (under peoples mattresses) back to the CBI. This is actually turning out all good for us and the RV.
10-6-2017 Newshound Guru MilitiaMan So if we look at the timing of events and the knowledge we have from the plethora of information we have been freely given by many people to use for to find a foundation in our investment that imo is not speculative at all. It is in fact, based on hard data that supports the Iraqi Dinar is by far under valued. We can look at not only natural resources, taxes and tariffs, agriculture, claw back of stolen goods and monies, and to soon be a booming in tourism industry, etc., that supports the value of an international convertible currency at a market rate. The above should give security to those investors even more now. Their money and persons will be safe to move freely! The expectation of Abadi to speak now about full liberation of Iraq is greater than ever before, imo.