Iraqi Dinar Guru opinions 12-22-17
Iraqi Dinar Guru opinions 12-22-17
12-22-2017 Intel Guru RayRen98 Various good sources have shared the following with me…
1. Iraq’s Finance Minister wants all departments and banks to have all of their financial transactions completed no later than Saturday, December 23. [Could it be so that all debts are cleared so a new rate can emerge? Hmmmm]
2. Some US banks have received memos indicating a rate change … supposedly on Friday with exchange activity for sometime next week … Time Will Tell !!
3. Some US banks are expecting to be in “Standby Mode” starting sometime next week. [Maybe they are anticipating something?]
4. The CBI has officially become a separate entity from the Government of Iraq. It was voted earlier last week and signed into law today.
12-22-2017 Intel Guru Bruce We thought we would have had this by today…but I am encouraged with the information I got today [Thursday]… Iraq is basically compete…They have done everything they need to get done. We have heard they would have a live rate they could trade with last night by people who do that for a living. It was not there last night [Wednesday]. This is interesting. We do have the impression tonight however; it could be a very different scenario where not only the Dinar but also the Dong would be available to be traded as actual currencies not futures. We will see if that is the case. I have every reason to believe we still can exchange thru the holidays. Maybe not on Christmas Day, which is Monday, but I think a real possibility we could have this before Christmas. I got Intel that sort of is leaning that way. It is not definite. I am not calling it, but I would stay positive the possibility of this going any day now… I do believe the information we are getting is pointing to the immediacy of this going thru.
12-21-2017 Newshound Guru Kaperoni Article: “Keywords looking with the World Bank operational procedures to facilitate the investment process” Quote: “Iraq is moving in the direction of opening the door to foreign investors, and give them high degrees of credibility. For his part, the World Bank team stressed the need to develop new instruments for the investor, and show flexibility by the Iraqi government, and facilitate the process of preparing investment papers for those wishing.” Time to get the show on the road…currency reform should be right on top of the list…we all know its has to be done.
12-21-2017 Intel Guru RayRen98 [It seems like everyday, or at least several times a week, we see reports of countries or international agencies giving significant monies or loans to Iraq…do we need the various entities to stop with the giving and lending…it seems as long as Iraq continues receiving the monies, they have no desire or need to revalue their currency.] I do believe they desire and need to revalue their currency. In certain situations, I believe that they have revalued their currency. We’re just waiting for something we can participate in. It’s a waiting game.
12-21-2017 Newshound/Intel Guru Mnt Goat So where do we now stand? Many say that we will get the RV prior to Christmas. Really? I have to tell you I do not see a bit of real SOLID proof or evidence of this becoming a reality until sometime in 2018. I used to feel that very EARLY 2018 could be a good timeframe however, I have to decline any further analysis at this time since I am not seeing certain indicators we have been looking for such as kicking off the program to re-educate the citizens and Article 140 (HCL). Also I am being told that their must be a legal law passed in parliament to meet the referendum requirement of Article 140, as stated in the constitution, to “fully” fulfill this mandated requirement. So I doubt it may even be EARLY 2018 since in 2011, 2013 and 2015 the CBI took at least a few months to educate the citizens on the process of deleting the 3 zeros.
12-21-2017 Newshound/Intel Guru BGG Article: “Anti-Government protest continue for third day in some Kurdish cities” These unfolding events are BIG NEWS… Barzani’s “Old Guard” regime is on the verge of collapse. Abadi has been plain in his efforts to protect and help ALL the people of Iraq.
12-21-2017 Newshound Guru Kaperoni Article: “A new term Atdoual Iraqi banks and earns “millions” during hours without paying one penny” Quote: “the daily speculation carried out by traders across the volatile instruments affect the stability of the currency rate and the size of the cash reserves of foreign currency because the bank will cover the needs of Iraq Foreign trade, but these speculators use these reserves for the purpose of profit.” So they either reduce the spread to 2% or less as required by the IMF or start the currency reform and float the currency so they can eliminate the dollar auctions.