Iraqi Dinar Guru opinions 11-12-19
Iraqi Dinar Guru opinions 11-12-19
11-12-2019 Newshound Guru Jeff Yesterday Iraq’s parliament completed the Election Law. That’s the first real step that they’ve actually been able to complete in the way of reforms for the citizens due to the demonstrations. What they’ve done through the Election Law is it only pertains to their Parliament. They’ve reduced the number of seats from 329 down to 213 seats within parliament and they’ve reduced the age of nominees down to 25. Overall that’s going to work to satisfy the demonstrators to a small extent. They’re calling this reforms. In a way it’s kind of sad but this so far is the best item that they have actually been able to offer…you can clearly see their [parliament and the GOI] hands are tied and they’re waiting on that rate change…
11-12-2019 Intel Guru MarkZ [via PDK] [When would it best help Trump politically to release GCR— Seems pre-Christmas shopping period is prime time for boosting economy with GCR…] I agree that NOW is the Prime Time to release it
11-12-2019 Newshound Guru chattels Article: “BAGHDAD/ NINA/The exchange rate of the dollar fell on the stock market struggle and local markets today.” Quote: “Selling and buying prices in banking shops: selling price of the dollar = 121.750 dinars. The purchase price of the dollar = 120.250 dinars” “selling price of the dollar = 121.750 dinars” is not in compliance with the 2% variance calculation between the market rate and the official rate.
11-12-2019 UPDATE Today’s CBI rate updates has the official exchange rate back within 2% of the market rate! The rates were outside of the “2% rule” for 3 days. It’s unclear if 3 days is enough to knock the dinar out of compliance or not. At this point the gurus don’t know if the IMF rules require a daily “within 2% spread” for compliance or if it’s based on a weekly or monthly average. The dinar has been in compliance for over a year in a half before this 3 day slide.
11-11-2019 Intel Guru Delta …IQD EXCHANGE RATE IN MARKET IS DROPPING LIKE BEFORE. IT WAS…1218. NOW 20 MINUTES AGO…1205-1207 IQD PER $ …GOOD JOB CBI… [Where is this info Delta? I can’t find it.] FROM IRAQI MARKET…YOU WILL SEE IT PROBABLY LATER TODAY.
11-11-2019 Newshound/Intel Guru Mnt Goat …As investors we should not be in such a hurry to see Mahdi go. Think, think, think of the negative as well as the positive ramifications. Mahdi resigning is NOT a good thing. It could lead to yet another vacuum and only make things worse for Iraq and us investors. Do you want the RV sooner than later?…
11-11-2019 Intel Guru MarkZ [via PDK] [Any news on rates for the dong.] Hearing that the rates is still rumored to be around .45 for street/in-country rate and up to $2 or so for the contract rate.
11-11-2019 Newshound Guru MilitiaMan The Finance Minister, Alaq and Mahdi in the same room for what? We all know what the implications are. They are talking money and how that will effect the demands of the citizens and their purchasing power…imo. The timing of it is no coincidence imo…The CBI probably told the Finance Minister and Mahdi to get the lead out…they all know that this should have been done a along time ago…and now they apparently know they painted them selves into a corner and the demonstrations proved it.
11-11-2019 Newshound Guru MilitiaMan The MR’s have to get done…And now that appears to be the case they will…don’t let the GOI issues reflect against the CBI. My view is Mahdi and the Finance Minister may have finally given Alaq the green light… They cannot afford to lose control of the internal fluctuations in the exchange rate going south any more than what it has. So all things interlinked imo bodes so very well for us..imo.