Iraqi Dinar Guru opinions 8-29-19
Iraqi Dinar Guru opinions 8-29-19
8-29-2019 Newshound/Intel Guru Mnt Goat Article: “RECENT PARLIAMENTARY VOTES HAVE BEEN RAISED CALLING FOR THE REINTRODUCTION OF COINS” …here is one of the articles I told everyone to be watching for. This includes the passing of the needed law by parliament to re-mint the coins and reintroduce them. Its now DONE as they just told us in this article.
8-29-2019 Intel Guru Frank …It is my opinion that the banks of the United States of American are going to be charging anywhere from 1% to 2% – at the highest 3% spread [To exchange]…this could be good news for us. Let’s see what happens when we finally find out. I can’t see them reinstating the currency in Iraq and then all of a sudden changing the spread…
8-29-2019 Newshound Guru Adam Montana Article: “Parliament: Oil Committee intends to host Abdul Mahdi and the Ministers of Finance and Oil” …The topic at hand is quiet simple – OIL. …earlier this year, I personally set a target of $60 (WTI) that I felt was necessary before Iraq would feel confident enough to start moving on a significant change in the exchange rate. (“RV” is short for “ReValuation”, which will be a significant change in the exchange rate…for those of you new to the situation)
8-29-2019 Newshound Guru Adam Montana …We saw almost no HCL news prior to the $60 mark, and then it started to come out in the news. That meant the Iraqi Parliament was working on items that are necessary to accomplish a finalization, and that is a key component to the RV. …A lot of things contribute to the price of OIL, the world economy, and everything else that can have an impact on when Iraq decides to raise the value – this is just one of those things, but I believe it is a major component. Lots of people are saying September is looking good. I am leaning toward agreeing. Time, and hopefully not much of it, will tell.
8-29-2019 Intel Guru MarkZ All my Iraqi contacts are still expecting the new rate this week. They want to have it out by the first…Many articles about the new coins coming out…why would you need a coin worth a fraction of a penny? …they have to have a new rate if they release the coins… My people are at work in redemption centers today…Tomorrow we will find out if they are on call again this weekend or if they are scheduled to work. My gut feeling is we will see it on Saturday…just my opinion…last day of the month and Sunday is iraqs first day of the week and the first day of the new month.
8-28-2019 Newshound Guru Kaperoni I want to clear something up since I’m getting some fan mail..lol. I do not think it’s going to LOP. What I am saying is if parliament has its way they will LOP the currency. Lucky for us though the CBI is following the directive from the IMF as far as we know…Which is to create the conditions for the currency to float. That is why they are pushing so heavily to diversify and build a market economy. It’s taken some time for Iraq to put the conditions in place, in fact several years but things are beginning to line up for early next year as they add 72 trillion dinar to the budget to kick-start the economy.
8-28-2019 Intel Guru MarkZ We are hearing that we should have numbers at anytime within the next 2 days… I am getting more and more confirmations out of Iraq that they expect to go on or before Sept. 1st… The meeting with Iraq and the UN security council starts tonight at 5:00 pm tonight…so will be hours before we find out how that went. The expectation is Iraq tells them they are ready to move on now…
8-28-2019 Intel/Newshound Guru sandyf [Has anyone in here seen an article or source from the CBI or government stated that Iraq may LOP the currency?] There is no such thing as a “LOP” so there never would be any articles. The correct terms are Redenomination or Re-basing the currency, there have been many articles from both CBI and government sources to say that was the plan. …In a Redenomination the old currency IQD at 1190/USD would be replaced by a new currency, possibly IQR, at 1.190/USD, deleting 3 zeros. The monetary unit(Dinar) would be revalued from 1190/USD to 1.190/USD which would be an increase in the value of the Dinar against the dollar and lead to an increase in purchasing power.
8-28-2019 Intel Guru MarkZ My contacts in Redemption Centers are still expecting this week…the ones I know are also wealth managers so are juggling 2 jobs. What I am hearing from contacts in Iraq they really expect to see the new rate by Sept. 1st. Rates from $3.91 to $4.25. …with the coins being released I am…puzzled. This process seems to be rolling out different than we expected…to have coins you need a new value over there. [We are in the “Perfect Storm” to see everything right now] We certainly are. I do feel warm and fuzzy about this week and that we are at the tail end of this reset. No one can predict the exact date, but the world news, chatter from sources, and news articles say we are there.
8-28-2019 Newshound Guru Dinar Investor – Jeff …we are a lot closer than we’ve ever been. I want to stress to you we’re definitely a lot closer…you’re not gonna see this in days. At a minimum we’re at least 3 weeks out…I promise you you’re not gonna see this until more towards the end of September. Easily in the second half…you will wait until the formation of the government’s done. That’s a promise to you…The CBI made it very clear back in 2014. They said they’re gonna delay this for 5 years…until Iraq has achieved political stability…just stay grounded.