Iraqi Dinar Guru opinions 8-5-18
Iraqi Dinar Guru opinions 8-5-18
8-5-2018 Newshound/Intel Guru Mnt Goat More news on the last part of HCL to be implemented. The protestors are putting pressure on the govt to implement this now. We are told in Sept. The law was passed in April and was scheduled for implementation in Sept. But they want it now. Also recent news that Kurdistan agreed to join up with the Sadr Movement in Sadr’s alliance if Article 140 referendum get passed and implemented in the next session of parliament. They are not saying in the next term or year or months. They are stressing in the next session when parliament comes back in session. Is this enough to satisfy what is considered the implementation of the constitutional article? I think perhaps it may be enough
8-5-2018 Newshound Guru chattels Article: “Five parties agree on the formation of the largest bloc and these are the ministries distributed among them” There are and will be many news articles talking about political alliances and it is difficult to determine which has merit, but I read the foregoing article with some interest. Interesting because it saves face for all the main players and is consistent with prior Iraqi politics where the main vote getter is excluded from the office of the PM. Even though Sadr is not a candidate himself for the post of PM. Sadr is a problem for all and may be more comfortable in opposition anyway. What is most interesting is that such an alliance excludes none of the several candidates for PM, to wit, Ameri, Abadi, or Maliki etc. Who would the PM be in such an alliance? Stay tuned. This is going to be very interesting.
8-4-2018 Newshound Guru Don961 Article: “Budgets of ministries determine their political value .. And a strong struggle on the portfolios of electricity, health and education” …a very good article explaining the method of corruption and stealing going on … and why very little to nothing trickles down to the citizens … the political parties use the allocations of the Budget to enrich themselves … use it like like their own personal piggy bank … if anything this exposes Maliki for his participation in it .. and not doing anything about it … it’s all about the Benjamins to these guys … and using them to stay in power … imo.
8-4-2018 Newshound/Intel Guru Mnt Goat We know that the Iraqi Stock Exchange (ISX) has been up and running for years now. Up to this point trading has been exclusively within the boundaries of Iraq. Now they opened it up to the rest of the world to get in and trade. This is all this is. Is this GREAT news for us and the RV? Yes, Yes, Yes but I would not hype it all up or connect this with other pieces of information…to form a bigger picture that the reinstatement is now taking place. It is great news and very much a move in the right direction for the Iraqi dinar. Why? For three main reasons:
8-4-2018 Newshound/Intel Guru Mnt Goat 1. Since on the global trading platform it can create a demand for the dinar since traders will have to first convert their currency to dinar to trade. This demand will drive the rate up. But remember this is still the program rate and the CBI has not yet reinstated the dinar on the global trading platforms. We must NOT lose site of this fact. 2. It is the first time we see the Iraqi dinar “formally” going out globally. I do not consider these online internet sites selling dinar and other currencies global. They are merely “currency brokers” not trading platforms. The banks too are now operating under the same premise for the ones now selling and buying the Iraqi dinar.
8-4-2018 Newshound/Intel Guru Mnt Goat 3. Dr. Sinan Al-Shabibi, when head of the CBI, told us many years ago that the reinstatement process would be a very long process. We are now witnessing what he meant by this statement. We have witnessed the international banking and financial reforms, laws against corruption, measures taken against counterfeiting and money laundering, electronic banking to limit the money supply to 2/3 of what it was simply by not paying out billions back into the streets each pay day and now the ISX going global. So what next can they do? How about the final dead [deed ?] of the reinstatement? But we don’t know what we don’t know so what other events or reforms are on the agenda prior to the reinstatement? All we can do is sit tight and watch.
8-4-2018 Intel Guru RayRen98 …an Iraqi communication in Arabic was eventually translated as their official announcement of the Iraqi being “Globally accepted” as of Wednesday. This means that Iraq can now change it’s rate at will and it will appear in the system due to it being international. There are more reports of the currency being 1:1, more specifically, $20-22 IQD. Record numbers of citizens getting paid are being reported. More definitive information is expected later …Time Will Tell…ALL!!