Iraqi Dinar Guru opinions 6-22-2020
Iraqi Dinar Guru opinions 6-22-2020
6-22-2020 Newshound/Intel Guru Mnt Goat Article: “PARLIAMENT OBLIGATED THE GOVERNMENT TO SEND THE BUDGET WITHIN THE NEXT TWO WEEKS” It is very hard to complete the necessary financial and banking reforms without a budget for 2020 going forward. I am hearing the delay is due to the restructuring of the financial industry due to many factors mainly corruption. Iraq is going to see some MAJOR changes in the near future.
6-22-2020 Newshound Guru Pimpy …we are about 15 hours away from the big Iraq conference…this is on what’s going on it Iraq as far as the economy is concerned, investment opportunities, the whole nine yards. We’re hoping for some good Easter egg or at least some good fact that come out and tell us that indeed the rate change is going to happen…
6-22-2020 Newshound Guru MilitiaMan Article: “In the first official position, the central bank proposes a mechanism for the government to cross the financial crisis” Quote: “…there are 3 advantages enjoyed by the financial situation of Iraq, the first of which is a rich country and its oil resource is quantitatively stable and the last barrel of oil in the world according to studies will be from Iraq and secondly that the bank The central bank has good reserves…” Currency Rates are mechanisms. Bonds are mechanisms, bonds have interest rates associated with them, the are liquid assets just as currency, that can be traded on the secondary markets… Looks like they are even mentioning the banks international interface as the vehicle to do so… The bonds will be for local and or global availability. They even have an open for business sign out (lol) for all days of the week to keep things flowing from now on, even taking into account the epidemic. imo.
6-21-2020 Intel Guru Footforward [I’m assuming no chance of a rate change today.] I wouldn’t say no chance. […figured we were done until July…] not done at all. June still has alot of days left. I haven’t at all given up on June.
6-21-2020 Newshound Guru MilitiaMan The World Bank is going to manage Iraq’s exchange rate into the future. At least that’s what they said they were going to do. Because why? They have an agreement with the CBI…it specifically says they have an understanding and an agreement…for them to manage the exchange rate means they’re going to change it.
6-21-2020 Intel/Newshound Guru Frank26 This is amazing. IMO they gave them notice today [Friday] to the citizens. Actually to the international world. On a holiday. Do you know what that notice was? What’s it called? REER – Real Effective Exchange Rate. They gave the real effective exchange rate today? No but they said that they have one. Wow. I like it a lot.
6-21-2020 Newshound Guru Kaperoni Only when Iraq passes laws and creates the conditions for foreign investors to come will the Central Bank be in a position to improve the value of the dinar via a float as the economy grows.
6-21-2020 Newshound/Intel Guru Mnt Goat Article: “AL-TAMIMI WARNS OF MAJOR FINANCIAL CORRUPTION DURING THE NEXT 6 MONTHS” Quote: “The Information”, that “not approving the budget will lead to the loss of a lot of money, AS THERE ARE NO ACCOUNTS FOR WHAT GOES INTO THE TREASURY AND WHAT COMES OUT OF IT.” You can bet that there will be no reinstatement under these conditions as the funds would not be safe if they did decide to put the dinar back on the trading platforms. We do know however they fully intend to do this soon but when? Again I am telling everyone to RV the currency under these conditions is not going to solve all of their problems, and in fact may only make them worst.