Iraqi Dinar Guru opinions 4-19-18
Iraqi Dinar Guru opinions 4-19-18
4-19-2018 Newshound/Intel Guru BGG Article: “Instructions and criteria for circulation and replacement of banknotes” There is an extraordinary amount of information in this article – just stunning. They are obviously preparing for something. What? No clue…but this key phrase seems to forecast some need for small denominations of notes. Key Phrase: …”Banks should open windows to replace damaged and damaged banknotes to the public and hand them over to this bank and its branches, And promoting the circulation of small denomination banknotes”…
4-19-2018 Newshound/Intel Guru Mnt Goat …Iraq is still progressing forward with the reviews and relationship with the World Bankk to join the WTO. They will, however, need a tradable currency at some point. So we wait for this too to give pressure to RV.
4-19-2018 Newshound Guru Kaperoni Another great day [Wednesday] on the CBI auction spread 1201 dinars to $1 US dollar. Well within 2% IMF compliance for 33rd consecutive day.
4-19-2018 Intel/Newshound Guru American Contractor …You may see some action possible after the elections depending on which party has control of the government. The Iraqi parliament will have to vote on the delete the zeros project given that they did not get the opportunity in 2012. The Iraqi cabinet stopped it because they believed the economic climate was not yet ready. …Oil prices are continuing to go up and businesses are returning although cautiously and investing in startups and existing companies… …You will learn of the delete the zeros project getting ready to be implemented when you read that there is a education campaign going on inside Iraq. The education campaign will consist of news media, flyers, and radio advertising to get the word out. The CBI wants to make sure that everyone is informed about the delete the zeros project…
4-18-2018 Intel Guru RayRen98 [So your info about banking here matches with that from Kurdistan?] Yes, they are all saying ‘by the end of the month’. I don’t care what they say; I watch what they do, and they are all preparing for this to happen.
4-18-2018 Newshound Guru Kaperoni The upcoming elections in Iraq could play a critical part in whether monetary reform occurs sooner than later. Today rumors of al-Maliki supporters tearing down opposition posters. Some say Maliki is paying 50 million dinar to vote for his block. Monetary reform/currency reform is a must for Iraq to engage with the world economy, more importantly bring investors to Iraq. But can Iraq overcome the opposition?
4-18-2018 Newshound Guru Walkingstick It doesn’t make any sense for them to have all this money and thousands and thousands of ATM’s unless they are going to RI.
4-18-2018 Newshound/Intel Guru Mnt Goat “ADOPTION OF THE LAW OF OIL AND GAS CONTRIBUTE TO ENDING THE ETERNAL DISPUTE BETWEEN BAGHDAD AND ERBIL” so here it is in writing – HCL is done! Also I have been telling everyone the contention between the GOI and KRG and that is was all about getting a formal, legal law passed in parliament for how the oil and gas (95% of the wealth of Iraq) is to be managed.
4-18-2018 Intel Guru Frank26 Many firms told there would be a 24 hour notification to turn on ATM’s. There is serious, continual talk about turning on the ATM’s. Lower denoms in the ATM’s can’t be turned on without a new rate.
4-18-2018 Newshound Guru Walkingstick […What is the significance of April 30th to Iraq.] They have a set date for their rate changes. Every April of every year, the IMF updates the exchange rate of Iraq. Iraq does not have to wait till the 30th. They can do it today or tomorrow but when the IMF updates it will reflect the new rate for Iraq. It often does not show up for seven days. Come up on the 7th of May all the nations that changed in the month of April. They do not have an option. Again, this is not an option. They have to do this…