Iraqi Dinar Guru opinions 12-18-18
Iraqi Dinar Guru opinions 12-18-18
12-18-2018 Newshound Guru MilitiaMan Article: “A credit account in riyal and dinar between Iraq and Iran” Quote: “Citibank offers letters of credit for buyers in Latin America, Africa, Eastern Europe, Asia and the Middle East who may have difficulty obtaining international credit on their own.” I would suggest this is part of a necessary end for Iraq now that Monetary Reforms are gearing to be on a different page if you will, imo, that had/has to be done because of the volume of trade between Iraq and Iran. A letter of credit is commonly for International Trade between parties. It is serious business. …Go figure the timing of it too. IMO. Lets not forget Rick Perry and all those Companies in Iraq may need them too. By the way, CitiBank is one a large providers of Letters of Credit Globally.. They are Directly involved with Iraq as we know. Iraq wants guarantee they get paid for imports and exports. Fairly sure Iran in an unstable environment.. lol This is seriously looking good, imo..
12-18-2018 Newshound Guru Kaperoni Like most countries, Iraq would not care if their currency appreciates at the expense of a booming economy. That is how market forces work. A central bank uses its tools to manage monetary policy based effects in the marketplace. An example would be raising the value to counter inflation. Iraq currently has very low inflation less than 3%. If Iraq opens the doors to global investment, it may create the pressure the CBI is looking for to raise the value. We can only hope.
12-17-2018 Newshound/Intel Guru Mnt Goat SO WHERE ARE WE IN THIS INVESTMENT RIGHT NOW? We are waiting for the government to get “fully” formed and settle this political crisis. There is and always has been a requirement to have a fully functional government in place and an adherence and “full” implementation of the Iraqi constitution to get the reinstatement of their currency. We can see that the CBI is ready to do something with so much talk and emphasis now stemming around these smaller category notes. We know that the ATMs are launched already and dispensing these notes for petty cash.
12-17-2018 Newshound/Intel Guru Mnt Goat Many now also have credit and debit cards to pay their bills and so don’t walk around with wads of cash. This enabled the CBI to reduce the 3 zero notes by 2/3, which was part of the plan they told us in 2011 had to happen as part of the project to delete the zeros. Overall this is all VERY good. But this is a VERY slow process…So as outside investors in Iraq we…sit and wait…our wealth will come from a simple reinstatement of the currency back to the trading platforms and going international once again.
12-17-2018 Newshound Guru Kaperoni Looks like parliament will try again tomorrow to complete PM Mahdi’s cabinet. Let’s hope so.
12-17-2018 Newshound Guru MilitiaMan Article: “The Arab Digital Economy Conference in Abu Dhabi” […it seems important for them to get this “together” for Iraq’s RI….IMO…important for Iraq!] We just learned that they are E-Government ready effectively and Digitization is all apart of that…All geared, linked and…so fresh in peoples minds and on their agendas now… imo! …the timing of the E-Gov and Digital, is not a coincidence imo…
12-17-2018 Intel Guru ADMINBILL …COME ON SANTA…AN EARLY CHRISTMAS PRESENT WOULD BE A REAL TREAT! BUT REMEMBER – IT REMAINS A PROCESS – NOT A DEADLINE. IN MY OPINION THERE IS A REAL NEED TO GET THIS DONE THIS BEFORE CHRISTMAS IF AT ALL POSSIBLE…OVER THE YEARS WE HAVE BEEN TOLD THAT THIS WILL GO EVEN IF THERE ARE HOLIDAYS INVOLVED. NOT TRUE. ESPECIALLY IN EUROPE.
12-17-2018 Newshound/Intel Guru Mnt Goat Article: “TO AMEND THE INVESTMENT LAW IN THE COMING DAYS” Quote: “The amendment of THE INVESTMENT LAW IS AN IMPORTANT POINT TO ELIMINATE UNEMPLOYMENT AND THE RETURN OF INDUSTRY AND THE PRIVATE SECTOR IN IRAQ and raise the market value of the Iraqi dinar…” I don’t want anyone telling me there aren’t any more laws needed in order to reinstate the currency. To bring in investors is all part of creating the atmosphere conducive to investors, which in turn, is the state of the economy needed to trigger the reinstatement. It is all coming together.