Iraqi Dinar Guru opinions 5-30-18
Iraqi Dinar Guru opinions 5-30-18
5-30-2018 Intel Guru Frank26 [via sunny] Last Friday CBI told all banks in the world they would stop using foreign currencies. After the banks closed Friday the 1190 rate hit. Causes banks to move away from auctions so they will re-instate their currency! … 1190 was to fix official buy/sell rate of IQD. 1184 was the rate before. This brings the IQD to parity with the USD. There is a need for Re-in-statement; need for Immediate rate change; need for the program rate to go away. This is a major accomplishment…for a suitable environment for the RI of IQD (Iraqi Dinar) Waited for a movement of 3-6 pips…
5-30-2018 Newshound Guru Kaperoni What will happen is exactly what we’ve been saying for several years they will accept Article VIII, get off the peg and move to a float and allow the dinar to gradually appreciate as investment comes into the country. Though the CBI only has about 18 days left to meet the three-month compliance, I don’t expect them to act immediately because the government hasn’t been formed. They are making significant progress preparing to open the banking system.
5-30-2018 Newshound/Intel Guru Mnt Goat …Does the CBI really need a “fully” functional government to go ahead with the RV? Or are they just looking to resolve the FRAUD and MANIPULATION of the currency issue? …the CBI already told us the answer. They said they need a “more suitable environment” and this means resolving the FRAUD and MANIPULATION of the currency. …But let’s look at the real issue the CBI is concerned about – the fraud and manipulation of the currency caused by the currency auctions… Two reasons the CBI needs to fix these issues now: 1. the pressure from the IMF to resolve this corruption at the highest levels of govt. 2. the IMF imposed the MCP monitoring upon the CBI and will continue making some legal issue to hold up the process to delete the zeros until these corruption scandals are dealt with… …So if it happens that Haider al-Abadi does get a second term, (most probable) he could have his govt formed in a matter of days, if not only weeks. So, this process could be speeded up significantly with al-Abadi back at the helm. It might take much less time anyhow.
5-30-2018 Intel Guru Bruce …There is a big announcement expected out of Iraq in the morning [Wednesday]…Big Announcement. There is also an emergency meeting of the new legislature, the new Parliament that has been appointed by now in Iraq. They are going to go over the 2018 budget and all the budgets through the year 2022. …I think the big announcement that we are looking for should very well be related to maybe partially the government itself with the fact Abadi is back in charge and also the fact we should have a new published out rate that is seen internationally. We know what the rate is, we seen it for a couple of weeks as an in-country new rate that has been available on the Qi cards… I can tell you rates are still very good of what we know of them…I heard the new rates may be released on the Forex overnight tonight [Tuesday]. …I would say we are in the midst of this going down here very shortly…Our best bet is sort of be patient a little bit longer and see what develops because we are basically at the end of the ride.
5-29-2018 Intel Guru Dr. Clarke …a Special Message from the “TAX Godz”: Do yourself a Favor. PLAN on paying your Income Taxes on this thing, until you get a Legal, Verifiable, Legitimate,“FOR REAL” Guideline, IRS Ruling in writing”, on this currency exchange, that says otherwise. Don’t be Ridiculous, and rely on some “Rumor”, or hearsay, FROM ANYBODY. You’re in the Spotlight…and Personally Accountable…and we’re certainly not professional Financial, Tax or Legal advisors. Get Licensed, Professional, Tangible…Assistance.
5-29-2018 Newshound/Intel Guru BGG IMHO this move is purely about staying in or getting into better compliance with IMF directives. Pure and simple. So they devalued by 1.7 CENTS!! Big deal… the BIG DEAL is they are showing a distinct and stunning sensitivity to being in alignment with the IMF. Here’s the real kicker… they’ve known how to do this all along, and yet they’ve been doing something else all along. Why the sudden change of heart? Why now? What has changed and what is their end-game? Most interesting times.
5-29-2018 Newshound Guru Don961 Article: “Amer Issa Al-Jawahiri: The importance of implementing the National Development Plan 2018-2022 in Iraq” the word ” implement ” and its derivatives appears 22 times in the pdf article … sounds like they are eager to get the show on the road … immediately at that … imo.
5-29-2018 Intel Guru Delta [via sunny] CBI wanted to move FAST for compliance of 90 days. Jumped the gun by moving to 1190. To move from 1184 to 1190 is a brilliant move. It removes the fractional banking issue…They don’t want to deal with fractional banking…Want to do this “immediately.” A lot will lose money if they hold US dollars. You should be jumping up and down today…by Tuesday could make announcement of what Iraqi Dinar linked to. “This is HUGE, you should be excited about this.” “We believe we are about to see the rate come out…” In the next 24-48 hours I think we will have a clearer picture. “We should see something big BEFORE JUNE 1.”
5-29-2018 Intel Guru Frank26 [via sunny] 1190…I know it looks negative to go from 1260 to 1190, but it’s not. It’s the 2% compliance…they will start de-pegging from the dollar. Auctions must stop because, since Thursday, they are selling US Dollars with no profit. When the auctions stop it will raise the value of the currency. …1190 is not a disaster. It’s a strategical move. It’s a move for the short run to the Reinstatement, with no fractional banking and to expose the 2nd set of books. The CBI with the US, IMF and WB knows what it is doing…They were told to “immediately” back away from selling USD…Immediately stopping the auctions means “International.” With this move of 1190 they jumped the gun by two weeks…By doing this they don’t have to wait until June 15th…They have to do it way before June 15-16…No need for a “programmed rate” any longer.