Iraqi Dinar Guru opinions 9-5-19
Iraqi Dinar Guru opinions 9-5-19
9-5-2019 Newshound Guru Kaperoni …why would Iraq be working so hard to create a market economy and get private investment if they did not plan to follow the IMF directive to float the dinar? I believe that is why we have not seen the CBI do anything as of yet…The conditions for the float are not in place…meaning the laws and investment. …People tell me all the time…We don’t trust the IMF. Or what proof do we have the IMF is in charge. etc. Well my question is…when has the IMF been wrong with Iraq? When has Iraq not done what they IMF asked?
9-5-2019 Newshound Guru Kaperoni [Ultimately isn’t it the CBI that makes the decisions?] Yes the CBI has to do it. But no because Iraq has to follow the Stand By Agreements they signed in exchange for loans over the years with the UN, IMF and WB…And the IMF became the Trustee of the CBI in Dec 2015 per agreement signed. Therefore, I see the IMF directives going forward. And if you look at the success of the CBI since Dec 2015 their has been several successes including reducing the spread to within 2%, maintaining a stable exchange rate for over a year, and significant progress on money laundering.
9-5-2019 Newshound Guru Kaperoni [I don’t care how it gains value as long as something happens!] Well hopefully it will start in the next 3-6 months… Everyone…should be hoping that come the first of the year, the laws are passed and international investors are lined up to bring money into Iraq to rebuild and support a market economy. …one thing is sure…Iraq expects 70 billion from private investors in 2020. …70 billion USD is a lot of potential pressure for the CBI.
9-4-2019 Newshound/Intel Guru Mnt Goat We made it to September and still no reinstatement. However, we do know we are at the cusp of the launching of the second set of smaller categories, this time in coins. It is coming soon. Just remember what I have told you about the process of “deleting the zeros” and what exactly is involved…This process of “deleting the zeros” alone does not get us to the banks to exchange. …In fact it won’t really mean much to us in Iraq but it is an indicator to us of what is to follow. What will get us to the banks (and allow the banks to exchange) is the “reinstatement” of the Iraqi dinar on the global currency markets namely FOREX. There is nothing else that is going to allow us to exchange.
9-4-2019 Newshound Guru Kaperoni People want to associate me with some float theory. It’s not a theory it’s what the IMF has specifically asked the CBI to prepare for in 2013. That is a fact and subsequently the CBI has been making significant changes with monetary policy and economic conditions to accommodate such a move. That is a fact. That is not my theory.
9-4-2019 Newshound Guru Adam Montana …OIL has flattened out around $56. This is key to the coming weeks, where HCL is expected to be a key topic. If OIL was going nuts, we couldn’t expect any solid HCL progress… Next – delays, holidays, corruption, oh my! …There are times when I read the news and I think “this isn’t going to help” – but there are other times when we can see a story and even though it uses the words “delay” or “holiday” or (*insert anything here), that doesn’t mean “all is lost”.
9-4-2019 Newshound Guru Adam Montana I think it’s more important to have a “big picture” mentality. If you adopt that, you’ll realize that the more news we are seeing about “Oil and Gas”, which is precisely the topic we want to hear about… the more we hear about it, the more we are going to see the words “delay”, “issues”, etc. My point is that if we are hearing those words more than we usually do… this is actually a GOOD thing. It means they are paying attention, my friends. It means they are actually working on the important stuff. That’s enough to make me happy on this particular Wednesday.
9-4-2019 Intel Guru Frank26 What did we say that would be happening right now? A massive campaign of education to the citizens. You see it don’t you? This massive campaign to get the message across to the citizens has been extremely successful…
9-4-2019 Intel Guru MarkZ My redemption center contacts are still at work waiting and expecting. They also work as wealth managers so try to keep busy. I have 4 contacts (boots on the ground) in Iraq. I hear there is a lot of articles out to educate the Iraqis…but no physical coins released yet. My contacts still expect the new rate at any time. I think we will have a great week this week. I know you guys are tired of hearing this…but based on everything happening… this is how I really feel.
9-4-2019 Newshound Guru Vital Brad [dinar exchange process] …there’s lots of different information coming out from different gurus. When Iraq’s currency is reinstated…All major cities have a place where you can go exchange and deal in foreign currency. So you just go look up your local Forex banks in your area and you’re gonna be able to trade it right there at the going rate…when you’re dealing with large amounts of money there may be a restriction on withdrawal time. They may need time to get the funds…IMO there isn’t gonna be a need to go to a specific location…I don’t believe there’s gonna be different rates that are offered…I’ve heard by calling these specific numbers you’re gonna get a special higher rate than everyone else, I don’t believe that to be true…I don’t think it’s gonna be as complicated as some people are making it out to be…