Iraqi Dinar Guru opinions 5-30-19
Iraqi Dinar Guru opinions 5-30-19
5-30-2019 Newshound/Intel Guru Mnt Goat Last week the CBI issued yet anther smaller category note (50 dinar) along with the 250, 500 and 1000. …The CBI is really trying to keep these larger 3 zero notes off the streets (5k, 10k, 25k and 50k notes). These are the ones they needed to reduce by 2/3 of the project to delete the zeros was to be successful…The CBI is being successful in slowly helping the citizens become more and more reliant on these smaller category notes. …Is this not exactly what the CBI said they needed to happen when they say these larger 3 zero notes would remain and “coincide” with the smaller category notes? So what the CBI set up is working. Only it takes time to take hold to the degree they need..
5-30-2019 Newshound/Intel Guru Mnt Goat When is the turning point then when Iraq finally moves completely into Article 8 of the IMF charter for member nations and then operates fully in this capacity? …for now this has not yet “fully” happened. All I can say to you, without a shadow of a doubt, is that they still plan to implement “fully” the project to delete the zeros and issue some day the other smaller category notes. They appear to be phasing them in slowly, just as they said they would.
5-30-2019 Intel/Newshound Guru American Contractor The Iraqi economic conditions are gradually getting better…The country is receiving more foreign investment as its coming in slowly…but the recent conditions like higher oil prices and higher public and private investment…Iraq is getting better. Iraq is working within the parameter of the World Bank and International Monetary Fund…The spread between the official and parallel exchange rate is getting closer (2%). Iraq has low inflation. Some say in the single digits. The Iraqi dinar is pegged to the USD. The CBI is using that to keep the inflation low. The CBI money supply has been contracting started last year. This may be a good thing. Will have to wait and see what develops with the IQD.
5-29-2019 Newshound Guru Adam Montana We are just about through Ramadan, and this holiday has been a busy one. Historically, nothing significant has happened during Ramadan. To be more to the point, nothing at all usually happens during Ramadan…that has not been the case! I won’t get into the “list” this morning, but Iraq has been very productive. Things are advancing! Ramadan is over around the 4th of June (it’s different for some areas). Eid al fitr follows. The bottom line for us is pretty simple… once Ramadan is over, there is a short following holiday, and then it’s “game on” for government and we are officially ready for big things. …OIL – saw a little dip, but still stable and trending solid. No worries there.
5-29-2019 Intel Guru Eagleone2025 …INTEL IS INTEL GOOD AND BAD. IT CHANGES DAY BY DAY. THIS IS A PROCESS…JUST REMAIN CALM…
5-29-2019 Intel Guru MarkZ …the news isn’t bad…it’s just not what we want yet. I am as frustrated as you are…I am still being told that today is “value” day….and we will see the 800 numbers…we shall see.
5-29-2019 Intel Guru Bruce Now, if the ATMS are on in the airports in Iraq, they are probably turned on elsewhere, but we know specifically the ones at the airport are working with lower denominations. That means you have an in-country revaluation of the Iraqi Dinar. Now, we know that certain things that happen even in Iraq are kept from us here until the exact proper time for it to be revealed…Things are quiet. People are under NDAs or gag orders, and that even though we do not like not getting something sometimes, that is a good sign. That means things are right there…I am going to tell you that we are very close.