Iraqi Dinar Guru opinions 11-29-19
Iraqi Dinar Guru opinions 11-29-19
11-29-2019 Newshound/Intel Guru Mnt Goat Here is how it is going to work: 1) The CBI must raise the rate of the dinar in-country to around $1.00 probably more like around 83 cents. 2) Then just before or around the same time the smaller of the smaller category notes must be launched and dispensed. We know these notes are now poised and ready to be dispensed at the banks. 3)The currency auctions will change. They many never end altogether but will no longer be mandated for providing US dollars for trade with the outside world. Instead the dinar itself will be used. 4) Shortly afterwards the dinar will then be “reinstated” on the global currency markets and traded. But first a short waiting period to check for inflation with the new currency and rate. I am told this may take up to 3 days, 3 weeks or 3 months. I do not believe it will take 3 months. But first the US and Sadr must work their magic to get the political will and consensus to do this move of the currency reform.
11-29-2019 Newshound Guru Jeff …notice how Pence was just in Iraq and I’ve been telling you this whole time that the Trump administration is in charge of this…that’s just more confirmation that he’s gonna use this to his time benefit for the elections.
11-28-2019 Intel Guru Frank26 & Guest Guru Angel1 …pay attention to the Erbil Stock Exchange. We believe IMO they will make an announcement pretty soon that they will go live internationally very soon…the CEO of the ISX came out this morning…he released a disclaimer. He said the Iraqi Stock Exchange has no relationship with any Iraqi or foreign website that publishes news, listen to this, or PICTURES related to investment or trading currencies or stocks in the International financial markets. Taha Abdul Salam is furious because there are organizations that are trying to steal his thunder…he was pretty pissed off when he found out that there were picture going around leaking what he was supposed to say…
11-28-2019 Newshound Guru Jeff …per the facts everything they’re showing you is pointing to Q1…everything they’re showing you most likely means they have to have this budget ready to implement in Q2. Again that’s implementation of the budget…I didn’t say rate change. The rate change has to happen before that and that’s where Q1 comes in…
11-28-2019 Newshound Guru Adam Montana When they change the rate, there are a few ways they can do it. In any of these cases, a one paragraph amendment to the budget will keep things correct. For example, the exchange rate is currently 1190:1 (IQD:USD). If they move the exchange rate closer to $1, they might move the decimal 3 places to the left making 1.19 IQD = $1 USD. Adjusting the budget is mind blowingly simple – a one paragraph amendment reads as follows: Due to the sudden difference in exchange value as implemented by the Central Bank of Iraq on (December 4, 2019), all values in the Budget shall be adjusted 3 zeros to the left. In other words, an allocation of 1,000,000 Iraqi Dinar is now adjusted to 1,000 Iraqi Dinar.
11-28-2019 Newshound Guru Adam Montana It doesn’t have to be complicated! And that right there covers pretty much everything…There was also a comment recently by one of the gurus about the new notes being introduced after the rate is changed…I happen to agree with this one. There is no reason to introduce new notes without a rate change. Introducing them before a rate change wouldn’t make sense. And the fact that there are new notes for us to talk about is a huge indication that there is a rate change in progress or planned.