Iraqi Dinar Guru opinions 3-6-18
Iraqi Dinar Guru opinions 3-6-18
3-6-2018 Newshound/Intel Guru Mnt Goat I still don’t get all the excitement that the rate was in the budget therefore they had to pass the budget to get the RV. …There is no new rate contained within the budget. The budget simply states the allowance of funding in dinars. …Now having said all this I am told the budget passing parliament was a mandate to move ahead with the reinstatement of the currency…it is all part of having a structured government and a democracy in motion. They must be able to manage the oil revenue in a responsible way and distribute it to the nation and for the good of the nation. It can not go to corrupt officials. It is also part of resolving the Article 140. This is why the budget was so important. I believe now we will see a massive amount of news come out of the CBI all of a sudden on the continuance of the project to delete the zeros, as they educate the citizens on the even [event ?] about to take place. Wait and watch!
3-6-2018 Newshound Guru Aggiedad77 Article: “A blatant violation of Iraqi sovereignty .. America is taking over the political decision in the country” Quote: “…Washington moved an American force to protect the upcoming elections, and is planned to spread those forces in Nineveh, Arbil, Anbar, Diyala and Salahuddin, especially in the disputed areas.” THIS IS HUGE NEWS… CONFIRMATION OF GOOD THINGS TO COME IMO…THIS WILL ASSURE…”WE WON” IMO…HAPPY DAYS…THE BEST IS ON ITS WAY…IMO…
3-6-2018 Intel Guru RayRen98 …REPORTEDLY FROM A FEW SOURCES – IRAQI TV IS SHOWING LOWER DENOMS GIVING THE CITIZENS INSTRUCTIONS ON HOW TO USE THEM AND WHAT TO EXPECT. – TIME WILL TELL
3-5-2018 Newshound Guru chattels When “Kap” [Guru Kaperoni] says that we are close he is referring to the 2% variance or spread between the official rate and the “street” rate / parallel market rate.
3-5-2018 Newshound Guru Walkingstick Article: “The Council ended the vote on the draft law of the Iraqi National Oil Company…” Quote: “The Council also completed the vote on a parliamentary resolution that includes the Minister of Finance in coordination with the Minister of Planning to include the instructions facilitating the implementation of the budget law and the rules of disbursement of the funds…” [Was the vote on the Iraqi National Oil Company part of the HCL?] Yes, it is Article 6 within the 2007 Oil and Gas law…
3-5-2018 Newshound Guru Kaperoni Article: “Dollar exchange rate and the price of gold in Iraq on Monday” Quote: “According to the figures in the “Economy News” sell the dollar in Baghdad, recorded today 121 thousand and 500 dinars and the purchase price of 122 thousand dinars for $ percent, while yesterday scored 122 thousand 250 dinars and the purchase price of 123 thousand and 500 dinars for $ percent.” 1215 to $1 were close!
3-5-2018 Newshound/Intel Guru Mnt Goat Once PM Ababi took over in September of 2014, we have seen a notable change in attitude and the necessity for completing currency reform. However, due to the war with ISIS this project was once again shelved for a later date. The current CBI governor, Ali al-Allaq, fully supports the reinstatement of the currency. We have seen his last attempt as he planned for early 2016 when we read so many articles from the CBI in late 2015 that this was about to happen. However once again it could not be done. So Allaq finally threw up his hands and realized he needed some significant help. This brings us to finally having the CBI once again working closely with the IMF on this subject matter. …we know that by reading the Stand-By-Agreement between the IMF and Iraq there are three main factors concerning the reinstatement of the currency in the past…
3-5-2018 Newshound/Intel Guru Mnt Goat …MCP (multiple currency practices), rate of inflation and real GDP growth. So where do we now stand in the reinstatement process? The IMF has told us through their analysis of Iraq that the rate of inflation is 2% and is acceptable level. Also that GDP growth is at 2.9% which is also acceptable. That leaves the MCP as their last main concern. I am hearing from the CBI that they are now bringing the MCP within manageable ranges required by the CBI. So what will the IMF do? I suspect they may go ahead with allowing Iraq to move into Article 8 and thus trade their currency. There are all indications this will be the case after the 90 day period is over. This timeframe is literally just weeks away. Or they may also make them wait a little while longer since they did not have a full 90 days of control over the MCP yet. We just don’t know for sure.
3-5-2018 Newshound/Intel Guru Mnt Goat I have told everyone I know that the agreements and final paperwork has been all completed for the REINSTATMENT of the Iraq dinar. This happened over 4 weeks ago. So now we watch and wait for the CBI to make the next move. …We know they must educate the people and restart this process to “delete the zeros” and complete it, culminating in a significant increase in the value of the dinar. This re-education process should generate a sudden fast and flurry of news articles in the media in Iraq that we can “piggy-back” off of to learn that they are moving forward again. Don’t expect any grand announcement or anything like that. This process will be sudden and over before you are fully aware of it. We must also consider the IMF and the new 2018-2022 5-Year SBA (Stand-By-Agreement) with Iraq. …We know we have been told that 2018 is the year to complete currency reform.
3-5-2018 Newshound Guru G-Lin Articles: “Parliament votes on a clause that the headquarters of the National Oil Company in Baghdad” “The Ministry of Oil welcomes the vote on the law of the National Oil Company in the session of the House of Representatives today” Quote: “Al-Luaibi said that the adoption of the law will constitute a new era for the oil industry, based on scientific methods, modern technology and the national management of the country’s wealth. In order to support and develop the national economy.” This is our HCL IMO.