Iraqi Dinar Guru opinions 8-3-19
Iraqi Dinar Guru opinions 8-3-19
8-3-2019 Intel Guru Frank26 I am encouraged about what the Central Bank and the GOI is doing to let everybody know that they are article VIII…that they are of international standards…it’s a massive campaign…and now the commercials and the billboards are all over the place…The Central Bank of Iraq, The Trade Bank and the Government of Iraq are telling the people get in there [banks] and they’re using the tactic of loans to open accounts. That will become extremely important in the reinstatement of the Iraqi dinar…
8-3-2019 Intel Guru RayRen98 US Banks have been in meetings throughout the day, interest and excitement is at an all-time “high”. New rates are showing…Dinar – $3.91…Dong – $2.27… They say the rates are very “subject-to-change” and to make your appointment in a timely manner. The Iraqi banks open at 1:00 AM, Eastern, rate changes are expected, but not guaranteed. Stay COOL, CALM and COLLECTED.
8-3-2019 Newshound Guru Breitling Question “There appears there will be a new governor of the CBI. Is that good, bad or indifferent?” It is indifferent. Remember it is parliament. Parliament has the Ministry of Planning and then they have the Minister of Finance and then it goes the CBI and the CBI manages it…The governor of Iraq [CBI?} doesn’t have their own agenda…they’re managers…They’re independent but they’re managers and they’re given orders and that’s it. It’s indifferent. The agenda came from parliament. Went to the Ministry of Planning and went to the Ministry of Finance and then goes up to the CBI. So that hasn’t changed. People don’t realize with the different factions they have in Iraq they all agreed they want to change the value of their currency…none of that has ever changed.
8-2-2019 Newshound Guru chattels Article “The central bank sells more than $ 229 million at a currency auction Thursday 01 August”…Contrary to [Guru]…Breitling, the auction(s) in Iraq have actually been a bit ” higher ” in volume…
8-2-2019 Newshound/Intel Guru Dinar Investor – Jeff The intel I’m going to share is probably just about 100% accurate…It’s going to paint a pretty good picture of where we stand… Everything that gives the citizens an improved better life is inside the 2019 budget suggesting that the rate was going to change this year in 2019 budget because they allocated money for it inside the 2019 budget. Iraq has been setting the stage for the rate change this entire year. Setting the stage has to happen in 2 layers. They have to have to set the stage for the country for the rate change & then they have to set the stage for the citizens for the rate change… What we saw they they were setting the stage for the country during the 1st 6 months..
8-2-2019 Newshound/Intel Guru Dinar Investor – Jeff …since the beginning of July you have seen tons of articles about Article 140 & the HCL… All of that is post rate change & cannot be implemented or added to the constitution until the very end until they are ready to change the rate. That’s why you are seeing it now. So roughly 2 weeks ago the Kurds came to Baghdad & they heavily discussed the Oil & Gas Law and Article 140…What I am trying to stress is that for the Kurds to come and discuss the HCL and Article 140 that can only take place at the end because they can’t amend it, add it to the constitution or implement it until after the rate has changed…they have to save those items until the very end & it started at the beginning of July. So now you are seeing them set the stage for the citizens..
8-2-2019 Newshound/Intel Guru Dinar Investor – Jeff …The #1 thing we are waiting on is for them to have a completed government…that’s political stability…So that’s part of the 10-1, Q4 [Oct. 1 st, Fourth Quarter]…the amended 2019 budget starting 10-1, Q4, they have a new CBI governor to start on 10-1, Q4, they also have a new software stock trading platform that gets implemented on 10-1… So here’s the part that’s my opinion: I just rattled off a bunch of stuff pointing to 10-1 and we know we’re waiting for the formation of the completed government..they most likely will finish the formation of the government during the second half of September. IMO, I strongly feel that they are going to change the rate and the end of September, probably the weekend of September 21, 22 because I fee they have to walk into 10-1, Q4 with a brand new rate in hand..
8-2-2019 Newshound Guru G-Lin Well it is clear that a general census will need to be conducted and a permanent constitution must be ratified. I have always felt that the census needed to be in place in order for Art. 140 and the HCL to be activated…We have all been told by our dinarland colleagues over the last 10 or 15 years of this investment that there will be no increase in value of the dinar until Art. 140 and HCL are in place. I’m really not so sure of that opinion. It seems that they would need a strong and stable economic system to be able to apply needed monetary structures involved with Art. 140 and HCL. I don’t know.
8-2-2019 Newshound Guru G-Lin What I do know is the IMF pounced pretty hard on Iraq in this latest consultation. The corruption must be dealt with and the unrest with the Iran situation is worrisome to say the least. IMF has a hard time auditing the banks when they do not receive data. Auctions are huge again the last few days. Corruption galore. Most of that is from Iran. It will continue as long as they are financially crippled. They will manage to get their $’s. …I think the majority have returned. Ali Abdul Amir Allawi was mentioned as new CBI director but nothing official yet.
8-2-2019 Intel Guru MarkZ …we should get 800 numbers over the weekend. I don’t expect to see them until Sunday though…the info is solid and even though it feels like the can was kicked…I believe we are there. I personally think the delays are just logistic at this point. [What are your redemption center people saying?] They were scheduled to work today…they did not know about the weekend yet when I spoke with them yesterday. Its now been 3 days since I havnt been able to reach my contact in Iraq…this is unusual. Last I heard was the street rate was going to be $3.91. Remember Kuwait went 10 days before the world knew they had RV’d.
8-2-2019 Newshound Guru Breitling Question – “I understand Iraq slowed the currency auctions down does that effect their currency in any way and put pressure on the revalue?” Absolutely it does. And I don’t think it’s a coincidence that they’ve slowed the auctions down. They’ve shrunk their money supply…people are having problems buying currency in the United States. You can’t get it. I know there’s the hype and all of that too but people don’t realize that Iraq is short in their currency. They probably have a little bit more to go. I really don’t know because it’s changed so much..