Iraqi Dinar Guru opinions 1-23-19
Iraqi Dinar Guru opinions 1-23-19
1-23-2019 Newshound Guru MilitiaMan Article: “Abdul Mahdi “comfortable” for his long stay on the head of the interior and defense .. Sadr does not mind” This is very good news…Now that that is effectively settled imo, the next move is the rate announcement before the budget…?? hmm we shall see and possibly before they vote on Wednesday or Thursday. Gotta vote on what it is in it right? So now that he (Mahdi) has Sadr on the deck allowing Mahdi to head the Interior and Defense, he can now focus on the announcement of not only his first 100 days but, what the citizens want to hear about the CBI the future of their new money…imo…We shall see…That is not something to take lightly… We know Mahdi can make the Art 8 announcement and it would be a very appropriate time to do so…imo.. Let see how it rolls. But, with the Interior and Defense out of the way nothing left but the Art 8, rate for the budget that the Big 3 Firms most likely approved of Sunday.. imo..
1-23-2019 Intel Guru Bruce [via PinkRoses] …a lot of our sources have been silenced…they are either on gag orders, some…put under an NDA, and a lot of them just are unable to speak anymore because this is just happening so close right now. You know about the World Economic Forum in Davos, Switzerland…we do understand Iraq will announce their new currency and their new rate on the Iraqi Dinar at Davos. When it comes to our timing, we have heard really good things about Tuesday, Wednesday, and Thursday this week. I just can’t call one day or the other, but I think we are looking very strong for this week. I am feeling very good where we are…If anything I am more excited than ever… I think we are going to be pleasantly surprised in the next couple of days.
1-22-2019 Newshound/Intel Guru Mnt Goat [Will by deleting the zeros it makes the currency stronger , therefore making our investment more valuable?] Yes, by deleting the ZEROS this will make the currency stronger thus also our investment. On the surface it looks like your 1,000 dinar note would only become worth only 1 dinar. But what most forget or don’t know is that the two currencies will “coincide” together for up to 10 years. That means the older 3 zero notes and the newer lower category notes will both be in circulation at the same time…
1-22-2019 Newshound/Intel Guru Mnt Goat …How can banks then differentiate the rate to the different notes? They can’t and so a dinar is a dinar. Example: So let’s say you took a newer category note of 1 dinar to the bank and exchanged it after the reinstatement. The new rate is 1: 3 meaning 1 IQD is worth $3 USD. You would get $3 USD. Then if you took an older 25,000 dinar note to the same bank they would have to apply the same FOREX rate of 1: 3 to this note too. They will not be able to differentiate. Get it? Thus you would get $75,000 USD in exchange. So yes, the currency you hold would be much stronger.
1-22-2019 Newshound/Intel Guru Mnt Goat …The CBI has told us in multiple articles that the 3 zero notes would be used later (after the event) almost exclusively for inter-banking transactions for trading. Later these larger notes are NOT meant to be in the publics hands thus 10 ten years to get all of them (the remaining 2/3 out of circulation). So you as an owner of these larger notes, when you do to the bank, the banks will want these dinars since they will be VERY valuable. When we exchange our dinars, we are acting as we are bankers not ordinary Iraqi citizens. This is the key to understanding this exchange process and just because it is so different than other forms of re-denominations..
1-22-2019 Intel Guru Frank26 [via Clare] The USD is no longer wearing the same suit that supported a PR (Program Rate). The USD is being used to SUPPORT the lifting of the 3 zeros…The USD was used like a cane, a walker, for the IQD. The IQD is being used to pay it’s bills at a rate of 1-1 …not for a PR! For the lifting of the 3 zeros that gives power to the dinar. The IQD can now stand next to the USD. 5.5 billion in Iraq… No longer used to pay bills and it stands next to the IQD…It stood next to the IQD to support it…Now the USD is pouring in to invest in Iraq.
1-22-2019 Newshound/Intel Guru David M. Witty Iraqi Speaker of Parliament says next meeting will hold vote to complete cabinet formation & vote on 2019 national budget.
1-22-2019 Newshound/Intel Guru RVAlready At the moment, I can see no reason to delay the RV, and lots of reasons to go ahead immediately. After all, everyone says they are ready, so they should do it right now.
1-22-2019 Newshound/Intel Guru Mnt Goat …the reinstatement of the Iraqi dinar should have taken place over the weekend and was held up again due to NSA security reasons. I have talked to my CBI contact and I am told that they are getting tired of this postponement and really need this currency to move ahead with the reconstruction phase. They are already a year late in their five year plan 2018-2022. The good news is there is still 10 days remaining in January and this month is the best opportunity for the CBI to do it for accounting reasons. Their fiscal accounting year coincides with the calendar new year unlike the western world that begins on Oct 1st.