Iraqi Dinar Guru opinions 8-12-19
Iraqi Dinar Guru opinions 8-12-19
8-12-2019 Newshound/Intel Guru RVAlready There is an article from Union Bank of Iraq, telling them they can have their salary deposited to the MasterCard… and withdraw it anywhere inside or outside Iraq. Whoopi!!! International!!!
8-12-2019 Intel Guru Frank26 [Doodlebug report]…it seems that there’s a change in the pattern in the halls of the CBI. You see the employee’s conversations have started to include the new small category note denominations. They are talking about the ones the fives the 10 the 20 the 50s and the 100’s. They are also talking about the size of the new small category notes they say that they will be the same size as the USD or maybe just a little larger. Again this is all just in their opinion…they are talking in specifics. They are also talking about the dangers of people being taken advantage of with these new notes…this is a worry for the CBI. It must not fail with the citizens…this is why the education is so important that they do not get ripped off with the new small category notes…
8-12-2019 Newshound Guru larrykn [Anyone heard of an article from Union Bank of Iraq about salaries being deposited in the iraq citizens master cards…] …everyone thinks because they are using the cards the rate change is here…its not. not till they go into Art 8 and change the rate at the CBI…they are not in Article 8 yet. they can put it on the card but until they change the rate it doesn’t affect us…once they change the rate then you can get excited.
8-11-2019 Newshound/Intel Guru Mnt Goat No, the reinstatement did not happen. They are not trading the dinar in other countries or trading it at all. …Any changes in rates at the banks on holding patterns are from re-running the system that calculates the rates according to the new Basel requirements and bumps each currency according to their assets and the assets of other countries in their basket. …they are already now using a basket of 5 currencies to calculate the Iraqi dinar rate. These five currencies are (Yen, British Pound, Yuan, US dollar, EURO).
8-11-2019 Newshound/Intel Guru Mnt Goat Just keep remembering that the VALUE is different from the RATE. Yes, someday we hope the RATE will reflect the true and honest VALUE of the Iraqi dinar. In fact, if it was not for the three zeros the dinar would be worth just under one US Dollar already. How do I know this rate for a fact? First, all you have to do is drop off the zeros and what is the rate? We all should know about the “project to delete the zeros” by now. Secondly, in 2013 within the quarterly report to Congress on Iraq…it stated…“the reform would have made the Iraqi dinar slightly less than a dollar”.
8-11-2019 Newshound/Intel Guru Mnt Goat …They are talking about executing the “project to delete the zeros” and we know they will also reinstate the dinar once this happens. …Of course, the dinar will be put on a float someday once reinstated. This will drive up the rate quickly. They project it will come out around $3.00 + USD per one dinar and rise quickly. So, you will probably never even see the initial rate of a dollar since it will drive up so quickly prior to you getting chance even to go to the bank.
8-11-2019 Newshound/Intel Guru BGG FLASHBACK: “Special Inspector General for Iraq Reconstruction – Apr 2012, quarterly report to Congress.” Quote: “In April 2012, the COM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013 and required the issuance of new currency notes. The reform would have made the dinar’s value slightly less than $1. It is currently worth less than one-thenth of a cent.” This report is from page 84 of the massive SIGR report (Special Inspector General for the Reconstruction of Iraq. THIS REPORT WAS SENT TO THE UNITED STATES CONGRESS. For members of our Government to say they have no idea what is going on here – means they haven’t read some very basic documents presented them. IT PLAINLY SHOWS IN THIS REPORT THEY EXPECTED THE DINAR TO REVALUE AT AROUND A DOLLAR IN 2013.
8-11-2019 Newshound/Intel Guru David M. Witty Iraqi political source says US has given the green light to pro-US political blocs to find a replacement for PM Abdel-Mahdi.
8-11-2019 Newshound Guru future Article: “Informed sources suggest the replacement of the prime minister after the holiday” seems Mahdi is out the door…they want abadi to replace him…Seems Abadi is coming back wow…my prediction is we get a new [CBI] governor sworn in by Oct 1 and abadi comes in very soon…To me this is great news…thats when we may see this thing pop…finally.