Iraqi Dinar Guru opinions 6-5-2020
Iraqi Dinar Guru opinions 6-5-2020
6-5-2020 Newshound/Intel Guru Mnt Goat …they are now actually openly debating all the options as to what to do to save the economy of Iraq. Part of these discussions does include ending the currency auctions and the possibility of a “float” but, as we can see, they mean a float against other global currencies. You can’t float the dinar against just the US dollar as it is now solely pegged just to the US dollar. This is now a “fixed” rate. So the discussions evolved around a drastic change. By the way the CBI has already announced it WILL NOT devalue the dinar as a solution…
6-5-2020 Newshound Guru MilitiaMan Article: “After Coming Under Heavy Criticism…The Central Bank Stops The Currency Auction” Now add in the meeting with Alak and the President on financial ongoing’s. Then think about the upcoming meetings to vote on Cabinet, then add in the ISX is scheduled to open again on Sunday, then there is the SFA for the 10th – 11th. All the talk about the borders, taxes & tarrifs, fees all being electronic, the contracts adjusting for shipping costs by 07/01/2020 need to be in place by then. Those things need an international rate and pronto!! The convergence is astonishing! imo
6-5-2020 Newshound Guru Kaperoni A couple of great news articles this week… 1 an opinion piece on changing the dinar exchange rate. The other seems to be recommendations from the parliamentary finance committee today including floating the dinar.
6-4-2020 Intel Guru Footforward …at this point…In my opinion, this should happen in June. They want to do a ton of things economically July 1, and they need an RV for all of it
6-4-2020 Newshound Guru Adam Montana These topics will get you up to speed on “the rest of the story” quickly:
1. Kazemi-Kazammi is not a Kurd, he’s not “one of them”, but the Kurds are supporting him. This has monumental potential:
2. Iran has lost their power. The “Iran factor” that has held Iraq back in the past is just that… the past.
3. Kazzami has reportedly made his picks, and Parliament should rubber stamp them next week. This is progress…They may not vote every one of them in, but 80% will be enough to move forward.
4. …Parliament is working…
Life is good, things in the desert look positive…
6-4-2020 Intel Guru MarkZ [via PDK] Iraqi contacts are still looking for Saturday Morning and still believe we are right in the middle of it. One contact is diplomatic and one works in the finance ministry. A couple contacts are business contractors…one from Australia , and they are working in Iraq. [Are you looking for RV tomorrow?] Not tomorrow… I am looking at the next days or week or two… Things are definitely ramping up.
6-4-2020 Intel Guru Footforward RV won’t ever be on a Friday…Not in Iraq…Friday is their Holy Day there. Nothing happens on that day. [so what is a good day for the VND?] …really any day. Likely not a Friday either…
6-4-2020 Newshound Guru Jeff …there’s two things they got to do for the rate change. – 7 ministers of the cabinet. – Complete that agreement with Kurdistan and sign off on it. They’re most likely to complete those the same week. The reason why they didn’t do it today, it’s real simple. It’s because they have a rate change date already set and scheduled. It’s done…the last remaining items they’re theoretically the linchpin for the rate change. What they’re going to do is finish these items in closer proximity to the timing of the rate change…when you see these items they are confirmation that the rate change is about to happen…you’re right on the edge of the rate change. This rate change is not going into July. It’s happening in the second half of June. The date is right in front of your eyes.
6-4-2020 Newshound Guru Adam Montana …After a series of unsuccessful attempts at appointing a Prime Minister, Kazemi (RV Kazammy!!!) is approaching only two short months in office, but he’s seriously kicking butt! We don’t have an HCL agreement (yet), so we don’t have an RV. But we are getting close. Kazammi is possibly the first political figure in a position to have a real chance at getting the HCL to pass. One of the reasons is stated on Wikipedia fairly well: Quote: “Al-Kadhimi was a vocal opponent to the dictatorship of the Saddam Hussein regime. He left Iraq in 1985 to Iran then Germany and settled in United Kingdom and lived in exile for several years, yet is not affiliated with any of the Iraqi political parties.” The HCL is a VERY polarized topic. In order for it to come together, a couple of opposing parties have to agree on it… and a neutral party as mediator is the best way to go. That’s our guy Kazzami!
6-4-2020 Intel Guru MarkZ [Iraq also said yesterday they were going to not float the new rate. that would manage it.] that is how I understand it. Managed and not float. Fixed to an asset standard. That is a good indicator for us.