Iraqi Dinar Guru opinions 2-27-20
Iraqi Dinar Guru opinions 2-27-20
2-27-2020 Newshound Guru MilitiaMan Article: “The central bank clarifies the administrative framework for financing imports and the mechanism for selling foreign currencies” Quote: “It also clarifies the process of collecting and sterilizing the local currency considering that this bank represents the monetary authority in Iraq.” The act of sterilizing the local currency is a practice by major global players. It appears the CBI is preparing or is now prepared to defend their currency in world markets.. Something that the CBI has now been told to the world that they are now obliged to play by the IMF Rules.. imo.. Very good indeed imo. [Investopedia: Sterilization is a form of monetary action in which a central bank seeks to limit the effect of inflows and outflows of capital on the money supply. Sterilization most frequently involves the purchase or sale of financial assets by a central bank, and is designed to offset the effect of foreign exchange intervention.]
2-27-2020 Newshound Guru Pimpy …Dr. Shabibi wrote an article complaining that the monetary policies that the CBI is under from the IMF and World Bank helps keep inflation low but it really chokes off their ability to grow economically. He’s the one pushing for a rate change…
2-27-2020 Intel Guru Frank …we have a cloud of smoke from the excitement from the explosion IMO of them actually pushing a button…it’s not dark humor. It’s not science fiction. It’s not a comedy. It’s all great. The Prime Minister twice talked to the citizens of Iraq about the exchange rate for the improvement of their economy. Twice he’s talked about the exchange rate. He also talked to them about the vote. And yeah they’re gonna have the vote and he gave the reason why there won’t be one today [Wednesday]. It looks like Thursday. Tomorrow hopefully they get it all done. That’s really not important. It’s really not. IMO the government has been functioning with no problem for quite a while…
2-27-2020 Newshound/Intel Guru Mnt Goat Article: “THE ARRIVAL OF THE 2020 BUDGET IN PARLIAMENT AFTER TWO WEEKS” Quote: “THE MINISTRIES OF FINANCE AND PLANNING WILL SET THE BROAD LINES OF THE BUDGET BEFORE SENDING IT TO PARLIAMENT FOR A VOTE.” Sounds to me they have not yet spent any money from the budget so far for 2020.
2-27-2020 Intel Guru MarkZ All eyes are watching with expectation today…I will be watching this afternoon closely… I am hearing great things. Nobody knows the exact date…all we can do is speculate based on what we are told from bankers and contacts and world news and events… March is a very popular months for revaluations…do some research…many revaluations have happened in March.
2-26-2020 Intel Guru MarkZ I hear that they want you to exchange in the country you are a citizen of. If you are out of your country at the time of exchange my guess is they handle the exchange in whatever exchange rate and currency your country uses?
2-26-2020 Intel Guru Bruce [via WiserNow] …we’ve heard forever and a day that Iraq was going to post a new rate – put it in the Gazette – CBI was up – all of that good stuff – well, Iraq is basically waiting on our lead to go – for us to move forward – then they will essentially show their rate on CBI… I would not be surprised if finally overnight tonight and into tomorrow which is Wednesday that Iraq finally has their rate – finally has their new Iraqi Dinar with a new rate on the front screens of the banks and also that the Forex with an update again in the 2:15 in the morning range with an Iraqi rate…I think things are coming together for us…We are under the impression from some very high up sources in the know that we are in a 24 hour window now – right now…finally, with everything that’s been done and happening behind the scenes – we’re moving in the right direction…I just think we are really really just about ready to go…
2-26-2020 Newshound Guru Kaperoni …one…They [CBI] are a professional organization utilizing professional techniques to manage and control the financial system in Iraq. Two, there is to much currency in circulation. Three, Iraq’s total mineral net worth is 15 – 16 trillion dollars. At the current dinar in circulation, a 1 to $1 RV would completely bankrupt the country literally 3 times the entire worth of minerals including oil. Four, such an event would completely throw the entire financial system into chaos in Iraq. Five, monetary policy is a group of tools that support the demands of the financial system. A RV or RI completely circumvents that process. For example the CBI generates revenue from the buy/sell of currency. It also reserves the right to raise or lower the value to counter inflation or deflation from time to time if needed. A RV would not only create chaos, but would prevent the usage of those tools. And lastly a currencies value is determined by market forces. Not some random or arbitrary value. That is 6 solid reason the dinar could never and will never will RV/RI. Our only hope is a gradual appreciation directly related to the success of the private sector/market economy.
2-26-2020 Intel Guru Angle1 …when we get to teller training [In Iraq] – teller training equals citizen education.
2-26-2020 Newshound/Intel Guru Mnt Goat So the drama of the ratification of Allawi to take the seat of the prime minister continues. We expect this to happen this week, probably Thursday. Then things should move quickly in Iraq.
2-26-2020 Intel Guru MarkZ [via PDK] Still no change of rate in Iraq…Bankers are still at the edge of their seats… [So is the rumor yesterday that the button has been pushed de-bunked?] Possibly something was pushed moving us forward but the reality is the RV has not taken place and we don’t have any money. Until I see people with money in their accounts…in my book, the button has not been pushed. I do think it’s a juggernaut at this point…it’s inevitable, it’s happening, it’s moving… [What does your contact say in Iraq?] They are looking for it to happen after the government gets its vote of confidence. This happens today I believe…I would say to start watching Iraq closely starting tomorrow. [Guru] Bruce said we are in a 24 hour window starting last night…I definitely do believe we are close.
2-26-2020 Newshound Guru Adam Montana [We should then be looking at a fully formed government which is a requirement for the rv to occur.] It’s not a stated “requirement” by any means, but it is hard to see it happening without it. I don’t think we need a “fully” formed government. 80-85% will do.
2-26-2020 Newshound Guru MilitiaMan Article quote: “Practical and Immediate Steps are needed for economic reforms”… I have to say the CBI of late has shown their ability to do just that.. The CBI today has suggest they have a published brochure to outline the mechanisms they will use to defend their currency in the open markets.. The CBI published data in Arabic that has some powerful implications on where this is headed!! The direction is perfect for us…imo!