Iraqi Dinar Guru opinions 10-23-19
Iraqi Dinar Guru opinions 10-23-19
10-23-2019 Newshound/Intel Guru Mnt Goat …We know that there are three lists of demands by the protestors. The first list included a demand to do away with the currency auctions…So, do they have plans to do away with the currency auctions any time soon? Yes…Can this all happen any time soon? Yes, it can and very quickly if there is permission to do it…If I were to guess I would say that they are waiting for the January 2020 timeframe, as we know for sure this is the best time to reinstate the currency due to accounting issues. The demands of the protestors might make this happen sooner than later. We just have to wait and see.
10-23-2019 Newshound Guru Kaperoni [does the price of oil have anything to do with Iraq adding value?] No. The price of oil is only relative to their budget because 50% of their budget is state salaries and the rest of it is operational expenses. So having consistent oil prices is important so that they can meet their budget every year. Iraq still hasn’t delivered the 2020 budget [to?] Parliament for review and passing. This is a unique budget because it will include a government/private sector partnership to launch the market economy which could include up to $70 billion dollars additional expenses.
10-23-2019 Intel Guru MarkZ [Frank [Guru Frank26] thinks the Dong will rv at a later time] I have been told repeatedly it will go at the same time as the dinar…my redemption center contacts have trained to exchange the dong along with many other currencies in the first basket including IQD.
10-23-2019 Intel Guru MarkZ [the RV IS NOT SUPPOSED TO BE TAXED PER TRUMP.] I have heard that as well….but to be on the safe side- plan for taxes…prepare for the worst and hope for the best…and we all hope you are right. [NOTE: Other gurus feel it will be considered income…Consult your tax professional at the appropriate time.]
10-22-2019 Newshound/Intel Guru Mnt Goat what do we do know for sure? We know this: 1. to assist in developing the private sector initiatives in Iraq, they will need a viable currency and be on a level trading platform with the rest of the middle east and the world; 2. the private sector in Iraq will not take off until Iraq brings back its currency; 3. the CBI is ready to move ahead and has completed all banking reforms and progressed to the point of just waiting to issue the smaller of the smaller category notes at the banks; 4. corruption along with stalling by the US government to give permission to Iraq is the down side. The US is using the reinstatement as leverage to get what it wants from Iraq;
10-22-2019 Newshound/Intel Guru Mnt Goat 5. part of the protesters demands is that they are sick and tired of promises by the GOI, finance committee and the CBI. They now want action and their demands fulfilled. This could be in our favor to pushing the US to approve the final steps of the project to delete the zeros. …The request to continue with the “project to delete the zeros” has been made many times already and it has been stalled over and over again…This project includes ending the currency auctions and using the dinar globally for trade. It also includes eventually reinstating the dinar, repegging it, then placing it on the open-market currency trading platforms and placing it on a float. This is when we go to the bank.
10-22-2019 Intel Guru MarkZ Iraq is very hopeful for the new rate this week and are still saying they will go with or without us this week…I am sure they will be going with us, and hope to have a update soon. The chatter that got everyone excited over night is about “interbank rates” changing and moving which is an excellent sign we are very close. That we are right on top of it… I am more than a little excited about that.
10-22-2019 Intel Guru Frank26 Our broker called and told us…it’s getting to the point where it’s impossible to get the dinar now.
10-22-2019 Intel Guru MarkZ Lots of exciting chatter today…lots of rumors that I will only be allowed to do a few more streams before the NDA makes me go quiet. I am told by 2 different banking sources that I will still be allowed to deliver 800 numbers to you all. [Are we waiting for the LD’s to go first?] No – I think they will go the same time…and with all the articles out there in Iraq about LD’s we have to be close. [Could today still be a possibility?] It absolutely still could be a possibility.
10-22-2019 Intel Guru Frank26 IMO the lower denoms can’t come out until: #1. The pictures and descriptions of them #2. The change in the rate.
10-22-2019 Newshound/Intel Guru Walkingstick (via Frank26) …this Friday I believe the citizens will protest and it’s not going to be a normal protest…This is the first time that we see a protest from the Iraqi citizens demanding for purchasing power, their oil proceeds rights and back pay…never have we seen this before. This is historical. The citizens are asking for what they were educated on and what they were promised and what they are entitled…they are focused on the reforms.
10-22-2019 Newshound Guru Jeff …parliament and or the country of Iraq have very little left to do to be able to change the rate. Right now per the current facts and this can change…They only have two remaining steps. They obviously have to finish the formation of the government and get the proxies out…They gave us the back wall to get the proxies out as October 24…October 24 is not very far away now so we’ll have to see how that plays out. The other thing they have to do is finish and approve the budget. Just yesterday two articles came out basically saying they they’re close to reaching an agreement..