Iraqi Dinar Guru opinions 1-25-19
Iraqi Dinar Guru opinions 1-25-19
1-25-2019 Newshound Guru Whitelions …do you think that all those bills will go flooding back into the CBI once they raise the value? …the bank you take it to and answers where all that money is going to go at that time they will hold on to (they have 10 years ) to see if they can get a better rate but at the same time the CBI can call it in…all you have to do is look up international banking laws and procedures to know…[so I am going to take 20 million dinar..to chase bank…and they are going to give me 60 million US Dollar] yes you are thinking in the middle to poor income frame of mind…Billions of dollars is transferred every day in the world this is no different…my take is it will rise in value we will all cash in and move on with our lives.
1-25-2019 Newshound Guru Adam Montana [When the RV happens, and we decide to just chance it a take a few notes to a bank to exchange (for quick income) how long do you think the turn around time will be. Hours, days, weeks?…] Most likely, there will be a few windows. First is going to be the actual RV. We are going to know about that within hours, and there will likely be a lot of confusion. There will be a ton of misinformation flying around, 800 number scams, and all kinds of traps…I don’t expect all banks to be operating at the same speed, so we may have locations for exchange on Day 1 in Houston, Los Angeles, and New York* (these are examples, NOT ACTUAL EXPECTED LOCATIONS). By Day 2 we may see operations in ten more cities, and it could be a full week before ALL locations with De La Rue machines actively exchanging. So that window right there is, by itself, “hours to days”…
1-25-2019 Intel Guru Bruce We got a little burst of information to let us know we were on track. …Just when you thought it was safe to go and concentrate on something else, you find it is still a little bit about Iraq…about them reverting back to their reinstated or in this case revaluated and what that is going to look like. What Iraq has done is…yesterday the Parliament passed all of the seating of the Parliament. Also they passed the Oil and Gas Law percentage of revenue that would go to Kurdistan…The actual percentage they ended up for with Kurdistan came in at 12.46%.
1-25-2019 Intel Guru Bruce The other thing is Iraq’s budget…The most interesting about the budget is it was passed and it was immediately handed over to the Central Bank of Iraq so they could have it and go thru it. What is interesting about it is that this budget the various budget items were listed in billions and millions of dinar and not in trillions as in previous budgets. This means that the numbers they have in the budget are relative to a new revalued Dinar. That is very positive news.
1-24-2019 Newshound/Intel Guru RVAlready Iraq getting budget passed got a huge amount of press coverage… Now we just need rate announcement from CBI.
1-24-2019 Intel Guru Delta Article: “Iraqi customs duties and import taxes to be enforced” CITIZENS WILL NOT SEE THE CHANGE ON PRICES RIGHT AWAY IT WILL TAKE AT LEAST A MONTH OR SO TO REFLECT THE INCREASE ON THE MARKET…. BY THEN IT WILL BE A HISTORY (wink) imo.
1-24-2019 Newshound Guru Whitelions The only thing the budget being passed shows us is that the GOV can work and get things done , The money inside the budget will adjust it always has and always work that way . [is this going to float? Are they being (forced) into it?] an MP said that the CBI said NO FLOAT…so just because an MP said it dose not make it so but on the other hand if the CBI said NO FLOAT thats a biggie.
1-24-2019 Intel Guru RayRen98 It’s official. The budget is legit.
1-24-2019 Newshound Guru Breitling Question: “Is the bank going to require anything from us upon a deposit exchange even when it’s millions or so?” No…the bank is not the IRS. The next step is the IRS. Figure out…what it’s going to revalue at. It might come in stages. What if the dinar comes in at 10 cents at first? It all depends on you. I’m not even going to speculate on what you should do. I get emails all the time asking “what if it comes in at 10 cents how much should I cash in?” I’m not going to answer those types of questions. There’s no way for me to know. It’s up to you. But what you need to worry about is how you’re going to be taxed…I think you’re going to be fine. There’s a process to go through if it ends up being a lot of money. Remember you’ll give the money to the bank and you’ll get a receipt. It won’t be like a regular receipt it will be like a certification and then the money will go to the treasury and they are going to certify it and then once it’s certified that money is going to go into your bank account. They are not going to give you a bunch of cash…that’s never going to happen.