Iraqi Dinar Guru opinions 1-15-19
Iraqi Dinar Guru opinions 1-15-19
1-15-2019 Newshound/Intel Guru Mnt Goat Question: So what happens to the currency in circulation and the currency that was printed but never circulated when this takes place? Does the value go down? e.g. 25,000 notes become worth only 25 dollars? If they delete three 0’s 1 dinar would be worth 0.85 cents as of today.
1-15-2019 Newshound Guru Kaperoni If you go back and read some of the transition documents…from the IMF it fits right in line with the plan we see evolving in Iraq. I also encourage anyone who has not yet reviewed the IMF Article IV Consultation from 2013 and 2017 to go…and review this information. It also fits in line with what we are seeing evolve in Iraq.
1-14-2019 Newshound Guru Sunkissed In my opinion, the TIMING of this article is utterly FANTASTIC…this article gives us the DROP DEAD DATE? (imo). FEBRUARY 02, 2019. JORDAN IS RACING AGAINST TIME. why? Well… imo… it looks like… February 02, 2019 is a deadline date to IMPLEMENTATION. For what? Remember that December 29-30 meeting when many contracts were signed? Looks like Jordan signed some “old” deals that were “renewed” – I suppose we would use the word “updated” (to reflect a new rate? a more competitive price, since so many contractors are FLOODING into Iraq?) So… there’s the PRESSURE! Contracts were signed on December 29-30 and to be IMPLEMENTED BY FEBRUARY 02, 2019!
1-14-2019 Newshound Guru Sunkissed …After all the haggling and demands that Iraq has served up to Jordan… the bottom line actually rests with Iraq: THEY MUST HAVE PURCHASING POWER to be able to absorb the MASSIVE QUANTITIES of goods, minerals, etc., coming INTO Iraq! Ball is DEFINITELY in Iraq’s court! Promises were made in the BEGINNING of 2018!! (Respect the first quarter! Sound familiar? — [Guru] Walkingstick was accurate!) And now, the longer they wait, the more difficult, if not impossible it will be for Jordan to perform in time! BUT…in order to perform on their contract… Iraq MUST FIRST HAVE PURCHASING POWER! Iraq HAS TO BE READY AND ABLE TO PAY THEM! Therefore, February 02, 2019, appears to be the back-wall, Drop Dead Date, “to be an exquisite mutual-beneficial relationship.” If February 02, 2019 is the Drop Dead Date, then we are looking at Feb 02 – 04 (Monday) for the IQD to go live. However… imo…. it certainly could go before that date!
1-14-2019 Newshound/Intel Guru Mnt Goat The House of Representatives ended its session on Saturday, the House of Representatives finished the first reading of the draft law on financial management. Nothing happened on voting for cabinet members on Saturday. MP of the Alliance for Reform and Reconstruction, Hassan Fadas, said that on Monday, the resolution of the Interior Ministry candidate is the main obstacle to completion of the ministerial cabinet. Let’s see how this plays out…. …there is news about the intention of Faleh Fayyad too withdraw his candidacy from the Interior. If this happens there may be some real progress finally in this direction. Let’s see how it plays out this week.
1-14-2019 Newshound/Intel Guru Mnt Goat But as sure as I am writing this…today, we are all of a sudden going to see a burst of flames as we know the tinder is already starting to smoke and is about ready to flare up. As in starting a good camp fire, we can see that much activity is about to burst into action and will soon move forward very aggressively. The two items they need for this to happen is to get the 2019 budget passed and then these remaining cabinet positions off of proxy and into solid, technocrats for these remaining positions.
1-14-2019 Newshound Guru Kaperoni [I’ve always heard the government has nothing to do with the Dinar. That only the CBI could begin the float. If so then why do people say only when the government is set the float can begin.] Monetary policy is the CBI. That being said, such a significant event requires support from the Iraqi government. As well, much of the directives being implimented by Iraq are part of the reforms agreed under IMF or WB Stand by Agreements.
1-14-2019 Intel Guru RayRen98 Today’s Parliament session has been postponed until Wednesday at 1:00 due to a lack of quorum. [And the band played on… ] Citizens are not happy with Mahdi’s “progress” thus far…they are saying the corruption is still rampant in the government. Unofficial report: Things (rate activity) should get started today in Iraq and filter over to us this week. Time Will Tell…