Iraqi Dinar Guru opinions 3-26-19
Iraqi Dinar Guru opinions 3-26-19
3-26-2019 Newshound/Intel Guru BGG Article: “CBI: Project deletion of zeros from the currency still exists” Quote: “…the project to delete the zeros was supposed to start in 2014, but security events and the control of the state regulation on five provinces led to delay, pointing out that the project is to delete three zeros from the current currency with the introduction of large currencies and currencies Metal.” This was printed Jan. 20th of 2019… RECENT!!
3-26-2019 Newshound Guru MilitiaMan Article: “Signing a commercial memorandum of understanding with Saudi Arabia” Kuwait has payments coming or activating on Wednesday next week. This above [article] is an other good sign for things shaping up in our favor, imo.
3-26-2019 Newshound Guru Kaperoni Article quotes: “He noted that the problem we have diagnosed and must turn the page on this form of economies and stimulate the real sectors of the country and of industry, agriculture, transport, tourism and others. Keywords added that the activation of the sector will contribute to the gross domestic product and raise the pressure on the central bank and limit the currency and take out the operation of human resources.”; “the change will raise the exchange rate of the Iraqi dinar against foreign currencies while maintaining the stability of inflation in the country” …two articles that surfaced over the last 10 days or so. One from the CBI governor, the other from parliament… These articles are complimentary of each other…one asks for pressure by opening the economy, the other says it will raise the value of the dinar to relieve the pressure. …Technically, they are describing a float of the currency.
3-25-2019 Intel Guru RayRen98 [via sunny] Had flashing rates on the screen and we had some fixed rates from bank sources that came in yesterday. Rates, Dinar $4.43 – $6.63; Dong, $2.23 – $3.60…Another bank source gave us consistently, $2.21 on the Dong. Said the Dinar would come out low and climb… Also had a member, a relative that worked at a bank, said there was a rush… buying Dong and was told “the rates are to be changing this week,”…We will see what happens in the coming hours.
3-25-2019 Newshound/Intel Guru Mnt Goat Many of these intel gurus are telling you that the CBI and GOI want to reinstate the currency by the end of March. I am hearing the same and we know that the govt has not yet opened its 2019 budget…We have been told that the GOI waits to open the budget because once they do, if the reinstatement (which will include significant rate increase for the dinar) did not yet happen they may have to wait until January 2020 window again. They do not want to do this.
3-25-2019 Newshound/Intel Guru Mnt Goat …But the reinstatement is not just changing the CBI rate. It is a reinstatement process with many more technical issues that arise if you go from a CBI rate to a Market rate and do it in the middle of a fiscal accounting period for the year. I can not go into all the details and many of you would not understand the adjustments to the ledgers that would have to be made from moving from a 1180 rate to a $4.40 rate, as it is a very substantial change in values. How do you adjust and reconcile a ledger with a mix of program rate and true market rate of the dinar? So we can see the dilemma that the GOI is in when they did not make their target for a January 2019 reinstatement. The effects ripple enormously once they open the budget and then try to reinstate later in the middle of a fiscal year.
3-25-2019 Intel Guru MarkZ Iraq is done and waiting for everything to release just like we are. [Frank26 says cabinet members are already in but under wraps and USA protection.] I agree. …At first I did not think the Mueller report had anything to do with the RV…but I changed my mind…a lot started happening as soon as the announcement hit that the report was done and no more indictments. [Please Explain and Stress the Importance Of a NDA.] …When this does go they do not want panic in the markets and the NDAS will be very important for the average person. They want the markets to quietly settle down and they want to keep all of this very quiet.
3-25-2019 Intel Guru MarkZ [I did hear from sources, that they will force release the 800s, today at 1 PM , have you heard anything in regards to that?] Yes I have heard that…from banking…contacts…also heard it may be closer to the end of the banking day today…really hoping this rumor is true. I will post all the 800 numbers I get …I am expecting all banks will have separate numbers. I want you all to have as many options as is possible. I do have very good UST contacts..and I hope to have updates and news from them today. …we are chasing a lot of news. We are still looking for this month…it may be late afternoon before I get news.