Iraqi Dinar Guru opinions 4-4-2020
Iraqi Dinar Guru opinions 4-4-2020
4-4-2020 Intel/Newshound Guru tman23 What a worldwide conundrum! So what has a better chance of happening in the future 1) Iraq opens their market economy 2) there is a global reset of debt and currency values. Personally I tend to believe #2 is in play as a real possibility. And if a reset on world economies came about, it would affect #1 and their currency value … But waiting for Iraq to reach an open market economy with poor infrastructure and poor skilled labor pools with poor work ethics being the lynch pin to gain value to the currency along with a stable government… if that’s what Kap [Guru Kaperoni] is waiting on and follows 24/7…one word with a proven history proves it will never happen that way …that word is IRAQ!!
4-4-2020 Newshound Guru Kaperoni A couple of weeks ago A member of parliament came out in two articles that the central bank was about to float the currency. We never heard anything further other than those two articles. Last week the Central Bank of Iraq announced that they were going to stop the auctions temporarily. This is had a negative effect on the dinar market rate as it provides a balance between dinars and dollars as well as providing a source of dollars to pay for foreign imports. As of today the market rate in Iraq has dropped to 1260 to $1. This is a direct result of a lack of dollars available in the marketplace.
4-4-2020 Newshound Guru Kaperoni We know from past history that when the exchange rate gets out of whack it takes many months to get it back in line using the traditional auction. So the CBI statement today is very interesting. The CBI announced today that this weak dinar will change soon. And at the same time a member of parliament today stated that they stopped the auctions in preparation to float. Though none of this is definitive it is very interesting and the pieces sound compelling that they may be going to float in very short order. But we’ll just have to wait and see…
4-3-2020 Newshound Guru Jeff …here’s another article that came out last night….. “The process of increasing the foreign exchange rate of the Iraq dinar always occurs during official holidays.” …it’s not about the coronavirus it’s about the facts…the coronavirus was just a coincidence. It was unexpected…Iraq has done too much and they’ve come too far along to put all their progress on hold…after 15 months of work…we are looking very good right now…
4-3-2020 Intel Guru Okie_Oil_Man GOOD FRIDAY AFTERNOON AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS…WELL—HERE WE ARE AT ANOTHER FRIDAY STILL WONDERING AND WAITING FOR THE BLESSING. THERE HAS BEEN MANY ISSUES WITHIN THE PAST 2 DAY’S THAT LEAD US ONCE AGAIN TO THE ELEVATED STATE OF HOPIUM. MASSIVE ARRESTS. RESIGNATIONS, AND DISAPPEARANCE OF SOME WELL PLACED INDIVIDUALS ARE SEEMINGLY IN FULL EFFECT. THAT IN CONJUNCTION OF THE HORRIBLE PLIGHT OF THE CORONA VIRUS IS MAKING A “PERFECT STORM” FOR THE COVERING OF THE R.V. WHICH WAS TO BE PRIVATE SINCE INCEPTION. THE LATEST REPORT COMING FROM “OUT WEST” IS THAT THERE IS STILL PROGRESS BEING MADE ON SOME MINOR LAST MINUTE HOUSE KEEPING ISSUES THAT MUST BE TAKEN CARE OF. WE HAVE WORD THE D O D AND THE TREASURY IS SATISFIED WITH THE SECURITY ISSUE THAT IN THE PAST HAS POSED A PROBLEM…AND AS WE’VE HEARD BEFORE—-MINUTE BY MINUTE WE SHOULD HAVE OUR NOTICES FORTHWITH.
4-3-2020 Intel Guru Bruce …most of our intel sources…have gotten really quiet…I could take that as a good thing because less is more sometimes – in this particular case we’re always curious as to what is going on…I have given up on trying to find out the Dinar Rates – it supposedly has already reinstated – it will revalue and I understand that the value it comes out at may not be as high as we thought initially – it could be in the mid $4’s and what they are saying is – it will escalate over a period of 10 or more days to a much higher rate – possibly 2 – 2 ½ times higher…it’s very hard to predict exactly where they’re going to be on any given day – just to let you know – it’s very difficult…it is still a very inexact science – believe me – when it comes to us trying to predict what we’re going to be looking at…I think there were a couple of more things to happen before we could start – who knows what they actually are – but there seems to always be something behind the scenes that has delayed us a bit – but we are still in great shape…
4-3-2020 Newshound Guru Kaperoni The spread or market rate is reported at 1260 to $1 today in Baghdad. That is 6%. Well out of the required 2% by the IMF. Not good. CBI needs to abandon the modified window auction and get back to the regular procedure soon. Like I said a while ago a fully liberalized foreign exchange market provides a balance between dinar and dollar to keep the exchange rate within 2% as required by the IMF. Variations of that do not work. The only alternative is floating the currency. And though it has been discussed, there has been no movement from the CBI to begin to float the dinar at this time.
4-3-2020 Intel Guru Mike Cottrell As far as Exchange protocols have always been to have a DeLarue machine verify each currency. I assume it would still be a sanitary way to do it with minimal contact
4-3-2020 Intel Guru MarkZ As expected we are still quiet on the news side. None of the bankers I spoke with are expecting anything to happen until possibly the 14th or 15th. The earliest I am hearing now is mid April while they work through logistics and safe ways to exchange.
4-3-2020 Intel Guru RayRen98 This information is coming direct from our Iraqi citizen source… “Iranian militias inside Iraq are threatening all politicians that vote for Zarfi death…they have this up on our billboards…they are starting real trouble for Zarfi and the high ranking officials from Iran were in Iraq all day with their threats too. If Zarfi fails to be appointed then all powers go to Saleh again…he can either nominate another candidate or desolve the parliament all together according to article 64 and call for early elections. April 5 th start back up date for all banking activities in Iraq…”