Iraqi Dinar Guru opinions 6-24-19
Iraqi Dinar Guru opinions 6-24-19
6-24-2019 Newshound Guru G-Lin Article: “The House of Representatives votes on the ministers of defense, interior and justice and ends reading two laws” Quote: “…Mr. Najah al-Shammari, Yasin al-Yasiri and Farouk Shwani were sworn in as ministers of defense, interior and justice.” [“The Defense and Interior Ministers are passed and they took the oath already!! HUGE HUGE HUGE!! They didn’t approve the education minister yet but they are still meeting again tomorrow so finally the two most important ministers are approved! Should be an interesting week ahead of us!”] I agree…We have waited several years to see this.
6-24-2019 Intel Guru MarkZ […is there anyway you could explain WHO works in all the redemption centers? Obviously they must be bankers…etc…How they were hired and found, are they under NDA’s etc…] they are basically Bankers and Tellers and they are put under serious NDA –They are in the know…they have SKR’s for their currency but are not allowed access to their funds until they finish processing us..if they fib, talk or chat – they lose all their currency and the opportunity to exchange. …They have one of the toughest NDA’s out there.
6-23-2019 Newshound Guru MilitiaMan Article: “Interbank Market The Central Bank launched the electronic platform for trading between banks operating in Iraq (FX, Money Market)” Quote: “A platform that establishes an organized electronic financial market that opens and facilitates the way for foreign investment in Iraq.” They signed the Deal with the Indian Firm now the CBI says this… Keep in mind that FX, Money Markets are the largest markets in the world! The CBI has set the stage to go live from the picture I am seeing in all this data they are putting out.
6-23-2019 Newshound Guru MilitiaMan Alak is clearly talking imo about currency carry trade. He needed to do the calculations to get to a rate that will be stable and steady with a strong interest rate, thus, traders can carry the currency trade…Now lets watch the Proxies go by the way side to usher in the fully seated Ministers and the new Fully seated currency rate Alak has for us at the same time or just after the Ministers sit. The GOI institutes the CBI, yet the CBI is independent. So once Ministers are seated then Alak can talk!!..imo. Sure looks exciting imo..
6-23-2019 Intel Guru MarkZ …Things are still very positive and seem to be on track…
6-23-2019 Newshound Guru Adam Montana [I came to the conclusion that the tax code is just not clear about this RV situation. …That’s why some CPAs believe it will be Cap Gains, and others are just as sure it’s Ordinary Income.] I do still agree with that, and there’s only one way that’s going to change – if/when the IRS gets around to clarifying it, as it relates specifically to the Dinar/this situation. Unfortunately, they can clarify it pretty quickly… certainly in the same tax year as the RV is announced, and I’m betting it won’t be in our favor. If at all possible, I would love to claim Cap gains. The unfortunate reality is that we may not have that option, especially after the rules are changed retroactively on us. I am hoping for the best but prepared and protected against the worst in regards to taxation. [Note: Be sure to check with your tax professional at the appropriate time.]
6-23-2019 Intel Guru RayRen98 The Ministers of Defense Interior have been announced this morning. PM Mahdi is stating on Iraqi TV that “Parliament will confirm the remaining cabinet positions.” This will complete his administration selections. [Maybe now the CBI can take care of business since the government was finalized?]
6-23-2019 Intel Guru Delta Article quote: “…Prime Minister Adel Abdul Mahdi confirmed to him will send the names of candidates to parliament this week.” …THE DELAY WAS FROM THE GOV NOT PARLIAMENT… MAHDI IS DOING LAST AUDIT ON CANDIDATES …IT WILL GET DONE THIS WEEK…BUT AFTER CBI MOVE LAST WEEK…WE DON’T HAVE TO WORRY ANYMORE…CBI IS MOVING FORWARD…NO MATTER WHAT HAPPEN…ONE WAY STREET…NO WAY BACK…
6-23-2019 Newshound Guru MilitiaMan Article: “Central Bank Governor: We are proud of Samir Al Nusairi’s book and thank the Association of Banks for its support” Effectively it looks as though Alak has set the stage to create, if not already implemented the time frame to use the mechanism to turn the auctions off as we know them, as they are ready to correct the large structural imbalances to a position of balance…the tools are in place to raise the balance of the Central Bank (read Exchange Rate, imo) !!