Iraqi Dinar Guru opinions 1-30-18
Iraqi Dinar Guru opinions 1-30-18
1-30-2018 Intel/Newshound Guru Angelquest Article: “Did the international community in Davos abandon the reconstruction of Iraq?” Time to put your big boy pants on now Abadi, get the budget taken care of, get the bad guys put in jail, and know it is time for Iraq to stand on it’s own 2 feet just like everyone else. The international community wants a stable government before they invest, not a maybe elections in May, maybe pass the budget, maybe prosecute the bad guys maybe not. I wouldn’t want my money tied up in Iraq until there are major changes. I think this will be a major wake up call for Abadi and Iraq.
1-30-2018 Newshound Guru mike Article quote: “…confirmed that Iraq imports 99 percent of its needs, indicating it is estimated at 50 billion dollars.” Iraq is relying on the Balassa-Samuelson effect in order to slowly raise the value of the dinar that exports create. There won’t be any demand for the dinar if they don’t stop importing everything they consume and start creating their own goods.
1-30-2018 Newshound/Intel Guru BGG Article: “Associated Press: Donor countries will ask Iraq guarantees not to go to corrupt money” This is EXACTLY the case I have been laying out. Abadi is on a roll – but he needs to keep rolling!!
1-30-2018 Newshound/Intel Guru Mnt Goat The process is moving so quickly. Sometimes I still think Iraq is trying to buy time, as we are seeing repeat articles once again on the paying of some salaries. These have fresh dates on them but we know they are old and this business is already taken care of. So this is one concern I have. The other concern is the passing of the 2018 budget and the Article 140. …The budget is yet another one I am trying to figure out. I think perhaps the stalling for time is related to this issue. In the past
I told you that when the re-instatement occurs it will happen first in Iraq. Iraq will go to 1:1… ONLY within Iraq. They are not lopping the zeros off for currency outside of Iraq. We are living outside Iraq and will exchange our dinar for a global currency exchange rate such as on FOREX.
1-29-2018 Intel/Newshound Guru Angelquest Article: “Deputy: The government has completed the file of participation in the donor conference and the budget must be passed before it is held. . the budget must be ready and voted before the conference” Abadi hasn’t pushed the budget AT ALL – for Oct, Nov, Dec, Jan.. I think he’s ready… and that’s VERY VERY suspicious that he hasn’t.. which makes me think the rate is in it…and…I’m thinking he lowered the Kurds to 12% months ago – intentionally, possibly, just knowing the hoopla it would cause – such as no quorum, etc.. makes sense to me – cuz – he didn’t want that budget seen, or done, or voted yet.. so – tossed a wrench in it on purpose.
1-29-2018 Newshound Guru Breitling If you look at Iraq…remember they keep the value of the currency where it’s at. It’s one of the most manipulated currencies on the planet. They’re trying to build their infrastructure cheap. At the same time they’re trying to build up their production of oil…there’s 100 Billion dollars worth of infrastructure they have to rebuild…Iraq sees they need to raise 100 Billion dollars…it’s a test. They want to see if they can get it.
1-29-2018 Newshound Guru Breitling …If they can’t get it ladies and gentlemen, you’ll see this thing revalue overnight because they don’t have any other options. If they get the $100 billion they’ll still revalue their currency but it’s going to be a different revaluation…the way they stage it. It’s not going away so don’t panic… They need to see if they can get the $100 billion dollars. They need to see how low the oil prices are going to drop. There is no “weeks” or special language you need to know. They don’t even know…they don’t know what’s going to happen in the markets…
1-29-2018 Newshound Guru mike Article: “The House of Representatives ends the first reading of the federal budget” Quote: “The Board completed the first reading of the draft law on the federal budget for the year 2018 for approval, after which decided to resume the session on Wednesday.” Good stuff, on to the second reading.
1-29-2018 Intel Guru RayRen98 It was reported that the rate is 1:1 in-country, and we had multiples of that so it’s pretty solid. Campaign on the billboards about lower denom’s to “not discard them.” Reports of some lower denom’s actually slipping out. They are being trained to hold onto the lower denominations so that they can use them when the time is right. Information on bank screens going upwards, now going back down. Fluctuating. As long as they are on the screens, that is the most important thing. CURRENT WINDOW: Supposed to be the 30th -31st.
1-29-2018 Newshound Guru chattels Article: “The Central Bank of Iraq, announced its investment in the Chinese currency [Yuan].” Quote: “The bank is keen to diversify its foreign reserves and diversify the basket of currencies in the investment portfolios, as well as the geographical distribution of the investments of this bank.” The Central Bank of Iraq, announced its investment in the Chinese currency [Yuan].
1-29-2018 Newshound Guru Kaperoni Article: “Washington and Baghdad have a common political and SBI establishes economic interests” Quote: “The meeting also emphasized the importance of the US-Iraqi economic relations and attracting foreign investment to Iraq and create new jobs.” Here is a great example of Iraq asking for something that they are not ready for. They need to get the banking system engaged with the world and get investors participating in the reconstruction. Then and only then will these agreements succeed.
1-29-2018 Newshound Guru mike Article: “Vice: Government Completes participating donor conference and the budget must be passed before the file held” Time is a commodity for these guys, they better get busy. The problem is there are deep cuts in the budget that will directly effect the common man in Iraq and no one wants to be a part of budget cuts this close to an election. Another problem is that Iraq has this Kuwaiti donor deal to get to next month and they need the budget to beg for money. They’ve painted themselves in a corner, from a corrupt official’s point of view. Pass the budget and face the consequences at the polls or risk getting nothing from the donor conference. Let’s see how they wriggle out of this one.