Iraqi Dinar Guru opinions 5-28-2020
Iraqi Dinar Guru opinions 5-28-2020
5-28-2020 Newshound Guru Adam Montana The fact that Oil is returning to normal and sustainable price levels…well, that’s just gravy. One other component I think we need to keep on the radar is still the HCL. While we are seeing a lot of positive news on many other fronts, the HCL seems… suspiciously quiet. …The HCL (Hydro Carbon Law) is extremely important. It covers a few things, perhaps most importantly is the money-sharing arrangement that it provides… Oil, the Transportation of Oil, the price of Oil, the intrinsic connection between Oil and Iraq’s economy… this is a short list of why the HCL is important.
5-28-2020 Newshound Guru Adam Montana The recent Iran-Turkey pipeline incident, courtesy of the PKK (Kurds), is certainly going to have an affect… particularly since Turkey seems to not want anything to do with fixing it. This incident hurts Iran more than anyone, benefits Iraq, and Turkey comes out better as well – both politically, financially, and in terms of future positioning…That also comes back full circle to the HCL…eliminating Iran from the equation is a benefit to Iraq, and the HCL will be used to ensure that the Kurds get a larger portion of these benefits. Once again, when you look at the big picture it starts to make sense “why” the RV didn’t happen yet. The dominoes have been being placed, one at a time, and the HCL just might be the force that starts them moving…things are about to start happening REALLY FAST.
5-27-2020 Intel Guru Bruce [via WiserNow] Now we thought last Thursday…that the earliest we would go was going to be today [Tuesday]… Now…we didn’t go today….we did not get the toll free numbers to start today… there is still clean up at our tier 1 banks…and it’s been happening over the last 3-4 days…in the morning [Wednesday] – the banks are supposed to be completely purged of anything considered harmful to us in terms of personnel…Let’s expect that the bank screens are going to reflect the accurate rates – and we’re not going to talk about rates…I was just thinking that Sunday night when the Forex comes back up and the trading begins – everything is set and ready to go from that point of view…I hope this is our week…things look like it could be – it could be the next couple of days…
5-27-2020 Newshound/Intel Guru Mnt Goat Article: “THE HOUSE OF REPRESENTATIVES AND BY AN ABSOLUTE MAJORITY TO GIVE CONFIDENCE TO THE PRIME MINISTER AND MEMBERS OF THE MINISTERS AND THEIR SWEARING-IN” the three most important are now filled and not by proxy anymore…the Ministry of Defense…Minister of Interior…Minister of Finance…Let’s get to work!!!
5-27-2020 Newshound Guru Adam Montana Lots of talk lately about the new PM (KaZAMi-Kablammie-Kademi-KaJustRValready!), exchange rate talk, the US pulling out of Iraqi bases, and of course – “more”. There was a time when there wasn’t much “more”, but lately things are picking up steam – Parliament blazing through tasks, the newly appointed PM seems to almost have entered the scene un-noticed…the fact that Kazammie is still in office, with no reports of (major) riots or protests, is an indicator that he could be “the one”.
5-27-2020 Newshound Guru Adam Montana A key part of the “more” is the Iraqi Budget, which is looming on the horizon. The Budget is a big deal, but do NOT expect to see an RV rate in it – in fact, I place very little importance on the Budget numbers. What IS important and relevant is a successful conclusion and announcement of the Budget. That can only happen when the bobbleheads in Parliament actually meet, pull out their pens, and sign the agreement. When that happens, it shows that Iraq is doing something positive, moving forward, and clearing the table for bigger items.
5-27-2020 Intel Guru MarkZ [via PDK] …no new rate in Iraq. Just lots of chatter and BS. Reality is nothing happened in the banking industry…They have to reset…it is inevitable. IMO if we are going to see the reset on June 1st…Something needs to break hard and heavy in the next 1 to 2 days…
5-27-2020 Newshound/Intel Guru Mnt Goat I quote- “It is not in the interest of the financial system to raise the exchange rate of the dollar because it will lead to a decrease in the Iraqi dinar price and a decrease in purchasing power and will lead to inflation,” noting that “the classes with limited income and those with salaries will be the first affected by this decision”. This was taken right out of an article by Parliamentary Finance Committee member, Ahmed Al-Saffar, on Wednesday (May 20, 2020). I would trust and respect his comments much more than the corrupt parliament member comments (and others) that are coming out that say just the opposite. So relax. This financial crisis could lead to Iraq raising the value of the dinar in the long run.