Iraqi Dinar Guru opinions 8-15-2020
Iraqi Dinar Guru opinions 8-15-2020
8-15-2020 Newshound Guru Breitling What’s great…is I’m not getting emails from people anymore that they’re worried about this happening. Now people are of the mindset of ‘how is this going to happen’. That makes me happy. It truly does. It makes me very very happy.
8-15-2020 Newshound Guru Kaperoni I believe there are two possible end results for the Iraqi dinar. The first, or the easy way is for them to LOP or re-denominate. The other option, and I would hope that this would be the direction that they would go is to float the currency as Iraq’s economy begins to succeed. There is no 3rd option or RV option. There is simply too much currency in circulation for them to significantly overnight RV. Hopefully Iraq will pass the necessary laws to create a suitable investment climate for foreign investors to come in and build a strong market economy private sector. Doing so would create the conditions for the central bank to get off the peg that they are currently on and Float the currency allowing it to gradually appreciate based on sound monetary principles of supply and demand.
8-15-2020 Newshound Guru Kaperoni This option of floating the currency is also the directive that the IMF gave the central bank in 2013. Which is documented in the IMF Article IV Consultation with Iraq. Despite everyone wanting to see a significant overnight RV, that’s simply will not happen and is foolish to even consider. You cannot arbitrarily change the rate and expect the world financial system to accept it. Appreciation of the exchange rate based on Iraq’s economy would be the most successful and appropriate way to represent Iraq’s growth and success.
8-14-2020 Intel Guru Bruce [via WiserNow] … Al-Kazemi and Iraq and we believe Shabibi and others will be coming to meet with the President to announce their sovereignty – should be on the 20th …we are moving forward to what should be our ultimate goal… The redemption centers…everybody is on call…I was told…we go from an everyday possibility to an every minute possibility – we can watch for it any minute – so that puts us in a perspective of a little closer time frame…
8-14-2020 Intel/Newshound Guru sandyf Many seem to be under the impression that what goes down can go up, but it doesn’t work like that in finance. There are established accounting procedures in place for depreciation but other than gold, there are no such procedures for appreciation. Many moons ago the government banks in Iraq had to get permission from the IMF to revalue certain assets, something that caused a bit of hysteria at the time. No country has ever revalued the currency to an extent that would mean changes in the accounts, minor revaluations can be absorbed relatively easily.
8-14-2020 Newshound Guru Breitling …we’re all speculating. I believe this 100%. But I can’t tell you the exact date. Think about Iraq, they want this to happen more than you and I but because they have to be compliant they can’t even pick a date. That date is when they are compliant. When it works for their economy. We’re all in the same boat.
8-14-2020 Newshound Guru Pimpy …this is big news. We knew this is happening and I have a huge feeling this is why Al-Kazimi and the President Saleh are talking about dissolving the parliament…Once Al-Kazemi made his announcement that he was coming to Washington to see the President, Iranian-backed politicians started making threats and threats and more threats…Al-Kazemi is coming over here to start getting Iraq where it needs to be – back on track with the international community…we see Iraq earning their sovereignty. They’re going to be a standalone country as they should…we’ve got 6 days from today before Al-Kazemi shows up (barring any incidences)…let’s see if Trump can restore the sovereignty back to Iraq. It’s needed. And then remove the restriction off of the currency. I think a lot of people are anticipating this, not just us who are holding dinars…it looks like things are going in the right direction despite opposition…by the end of next week we’re gonna know a whole lot more about what’s going on…
8-14-2020 Intel Guru MarkZ [via PDK] It’s been quiet this week in different banking centers. There is a lot of chatter that we are looking through the 15th to the 20th…the culmination will be on the 20th when the Iraqi Prime Minister comes and announces a new international rate. That is what I am hearing. So no…change of rates …yet….
8-14-2020 Newshound Guru MilitiaMan …Kahdimi…arrives next week to Washington…He will come with reforms in hand and security in place… a window would have to be open during a time frame where banks are on a level playing field and typically that is when all banks are closed prior to reopening of international markets. We have another time this weekend for that potentiality to allow for a smooth transition for more than one currency to adjust. As the IQD in of it self would require adjustments globally too…So let’s see with the days bring us. They sure look good!!
8-14-2020 Newshound Guru Jeff …The Trump Administration are the only ones in control of the timing of the rate change…the dinar is an asset to the U.S. dollar…in other words maybe we’re transitioning the U.S. dollar to become asset backed has to be timed with Iraq’s rate change. Because the dinar cannot be and will not be an asset to the dollar until the dinar itself has value…it’s all about the timing…