Iraqi Dinar Guru opinions 6-28-18
Iraqi Dinar Guru opinions 6-28-18
6-28-2018 Intel Guru RayRen98 …Some military folks are going back to Iraq for various purposes, and they have been told NOT to take US dollars as the country is revaluing the currency, and US dollars would have to be converted when they get there.
6-28-2018 Newshound Guru Kaperoni …i stand corrected 47 trillion dinar in circulation and its expected to go up through the end of year.
6-28-2018 Newshound Guru Adam Montana […Am I correct in believing that there is almost nothing that OPEC can or will do it that will have any effect on the RV?…] Iraq is still in prime position to take advantage of everything OPEC has done over the last couple years. It’s almost like they are setting Iraq up for success! But at the same time, OPEC won’t “force” Iraq to RV – their actions and positions are only encouraging them to do so.
6-28-2018 Newshound Guru sandyf From 2014…In an interview with IraqiNews.com al-Bajari said “The policy to delete zeros from the Iraqi currency is ready to be executed by the Central Bank, however, its implementation will be delayed by 5 years on the basis of the extreme security and political situation of the country.” Redenomination is outside the scope of the CBI and would require a Bill to go through parliament, months at least. Preparation for a redenomination is usually in the range 12 to 18 months prior to the preferred dates of Jan 1st and July 1st. Should Iraq decide to proceed with a redenomination during the next parliament then the most probable date would be 1st January 2021…
6-27-2018 Newshound/Intel Guru Randy Koonce Another hot topic: Cards being loaded. This is Card Crap. In the Kurdistan region, they use cards because they did not get bombed. The Baghdad area does not have great infrastructure. They have 6 ATMs and 4 of them do not work, except in Green Zone. So the Card stuff…it does not impact us. So, in summary: You do not care if it has ‘RV’d in Iraq or not; the cards do not matter to us…
6-27-2018 Newshound Guru Adam Montana It’s a cheery day in my part of Dinar-land, for a couple reasons…one is probably more important than the rest, so I’ll hop straight into that piece. GOI. The “Government Of Iraq” has always been a crucial part of this journey. There’s simply no way to raise the value of the dinar, and then maintain a higher rate, without a stable GOI. Those of you that have been around a while probably recognize “Groundhog Day” when you see it – we are currently wading through the murky waters of a dubious election process. This can be extremely confusing, particularly when we are trying to get our news from mostly poorly translated news articles, so I’ll break it down. I’m also going to explain why this is a “cheery” time in my opinion!
6-27-2018 Newshound Guru Adam Montana The recent elections went down pretty much exactly like the last 2 or 3 election cycles… votes were cast, accusations of fraud were thrown around, and weeks post-election there is no clear victor. Let’s look past the “headlines”, though. Look at what’s actually happening, and things clear up a bit. Abadi’s opposition is reported to have won something of a majority of the votes, so it’s possible that he’ll be donning the captain hat. Abadi, in the meantime, is apparently ignoring the entire issue and has moved forward with a good number of items that he could have easily ignored or postponed to dump off on the future President, should it come to light that he has lost his seat. This tells me that one of two things is happening…
6-27-2018 Newshound Guru Adam Montana …either Abadi is confident that he’ll retain his position and is eager to continue moving Iraq forward (towards an RV, of course!), OR he’s on the same page as his “opponent” regarding the future of Iraq. Either outcome is fine – the way things are moving forward is positive for us. I figure it will take a couple weeks for everything to shake out. If Abadi is ousted, he is still laying very solid groundwork for his successor. If he retains his position, he’s setting himself and Iraq up with a solid launchpad. No matter who is in charge a month from now, we’re heading the right direction, and with good speed. And that, my friends, is good news to me! Everything else is moving at a good pace, I figure we’re on pace to see some solid resolutions over the coming weeks.
6-27-2018 Newshound Guru Kaperoni The Arab International Banking Conference is coming up at the end of this month on the 28th 29th in Paris. Iraq is participating with a fairly large high level delegation. Iraq plans to use this opportunity to strengthen cooperation between Iraqi banks with foreign correspondent banks. In order to prepare the Iraqi banking sector to move towards global prospects. That sounds to me like they’re getting ready to open up to the world’s financial system.
6-27-2018 Newshound Guru Whitelions …everything and I mean everything points to this just about at it’s end. How it happens is where the right fighters get into the gray waters .
6-27-2018 Intel Guru Bruce …Now, what we…have is we have an agreement…today…between our Treasury and the IMF regarding some of the countries and the Far East and their rates. …It is good because those who were involved were getting down on the wire on it, and now we can move forward, and get this thing completed for us. …a lot of funds have moved in the 32 international banking institutions globally…not just coming to us here in the United States. This is for all around the world…it seems at the last minute in a way, but they have this thing timed out…That is a very positive piece of news for us, because things are moving in the direction where we should be able to get started here in short order. …we anticipate things around July 4th to be very good. We anticipate the public starting in the vicinity of July 3rd. …We are looking forward to a great week….