Iraqi Dinar Guru opinions 1-9-18
Iraqi Dinar Guru opinions 1-9-18
1-9-2018 Newshound Guru MilitiaMan Article: “Central: We aim to complete all financial transactions electronically” this is a very powerful… They start talking about sustainable development by using electronic payment systems. They are to be used by both Public and Private entities through Iraq’s Banking System as a whole. They are telling us they have a system that is avoid of complexity issues, which appears to be the diminishing use of cash in Public and Private transactions and apparently large transactions to boot. They also LAUNCH or have launched the system to pay salaries…Which takes away the demand and or need for the use of cash, as much. The system is to be or is now from here on out to be more transparent and secure with out manipulation. A very good thing that fits Abadi’s agenda! imo They go so far as to tell us they are able to do the aforementioned, all over the country now. They are also or the central bank is the guarantor of salaries! All huge indicators developing, if not already developed and being LAUNCHED… imo
1-9-2018 Intel Guru RayRen98 [It was an International entity that turned off Iraq’s rate years ago and restricted it’s currency. With all of the required sanctions removed and Iraq having completed all requirements; is it plausible the roll out has to come from that same international entity and Iraq is waiting like we are?] Iraq is in fact waiting like we are, but they have done their portion of this – they have reinstated the dinar as a sovereign nation. The US Treasury has released this, and the banks are getting all excited. Iraq is ready for this to be over yesterday. They are investing their money in infrastructure. Remember, they want everyone to be paid by the 12th, and they set that date for a reason.
1-9-2018 Guest Intel Guru Sergio Here is a brief update. The word on the street in Iraq is, things are starting to break lose. Ma and papa stores are springing to life, with more and more startups. People are starting to put their money in the bank. It’s still ruff, but peeps are excited about the prospect of making a business. Oh a bit more, there are those small construction Iraqi owned who are bidding on contracts to do rebuilding…they are trying to get their foot in the door so to speak. Getting people working is a key to our investment… One of the keys. No word on the value of the Dinar going up but, people are using the Dinar more then the dollars in Baghdad.
1-8-2018 Newshound Guru G-Lin Article: “The President of the Republic, Fuad Masoum, on Thursday, the law of the second amendment to the law of the Central Bank of Iraq.” […if the CBI law is ratified does that mean it is law or does it have to be posted in the gazette for some time…?] It is now in the Gazette and is law. Quote: “The law was sent for publication in the Official Gazette,” the statement said.”
1-8-2018 Intel Guru RayRen98 According to the plan we were told, we are looking for something this week, and then it will come out on Forex on the 15th. That’s the plan – whether it happens that way is another question. Nobody knows exactly when it’s coming out. We do have windows from our bank people, but nobody knows for sure.
1-8-2018 Intel Guru Jester [Was nice to hear the cards are being used in Iraq. One more check mark in the column of things we’re looking for, right? Would be interesting to find out what rate they are paying out at. Any idea?] KEEP IN MIND…WE DO NOT KNOW WHAT KIND OF CARDS THEY ARE OR IF THEY MEAN ANYTHING…ALL I CAN TELL YOU IS THEY ARE USING THEM…
1-8-2018 Newshound Guru Kaperoni Article: “Businessmen, money, traders, industrialists and bankers calling for new criteria for the classification of banks in Iraq” Deposit insurance and currency reform are a must. Nobody is coming to invest until the CBI does these.
1-8-2017 Newshound Guru mike Article: “Saleh proposes to establish a fund to invest in Iraq” Instead of an investment fund why not just pass the HCL and let the citizens share in the oil wealth like Kuwati, Qatar and the UAE? The problem with this solution from Salih is: “while noting that Iraq has an opportunity through comprehensive solutions to put things right,” The GOI can’t fix this, their hubris is holding up progress. Establish the framework, empower the open market economy and get out of the way, that’s the best thing Iraq’s leaders can do right now. IMO.