Iraqi Dinar Guru opinions 9-26-2020
Iraqi Dinar Guru opinions 9-26-2020
9-26-2020 Newshound Guru Pimpy Article: “Parliamentary Finance: Approval of the current year’s budget will fulfill many demands” Obviously they’ve had a chance to review the reform papers…We know that the Finance Minister said talks about the exchange rate are in the reform papers but we don’t know what that means. I don’t want people to assume that 1. There’s going to be a rate change. It’s easy to make that assumption because they’re talking about it… 2. We don’t know what the rate is going to be…every time we hear talk about this we get all kinds of rumors…I’ve heard it as high as $15 which is totally ridiculous…everything is speculation. It’s okay to feel optimistic about what’s coming up but again just hang tight. Don’t be surprised if they try to throw out a “sucker rate”. One that looks half-ass tempted for you to turn in your dinar and then you turn it in then all of a sudden they release another rate a few month later that’s much higher…It’s not beyond people to do that. We shall see.
9-26-2020 Newshound Guru Kaperoni Many economists have stated in the last few months Iraq should devalue the Iraqi dinar to reduce expenses during this difficult time. The problem is it also hurts the citizen and so officials have maintained stability at the current rate. Today former deputy CBI governor Muhammed Saleh once again reiterated that the Iraqi dinar may be devalued in the near future…If Iraq floats the currency under the current circumstances a devaluation is very possible. Iraq needs to pass laws and create a suitable business environment for foreign investment. Once that occurs the dinar should begin to gradually appreciate.
9-25-2020 Newshound Guru MilitiaMan Article: “KRG FINANCE AND ECONOMY RUNS FIRST CURRENCY EXCHANGE” Quotes: “After announcing plans to do so earlier this month, the Kurdistan Regional Government’s (KRG) Finance and Economy Ministry ran a currency exchange on Wednesday (September 23) in Erbil city.”; “$35 million ($41.9 billion Iraqi dinars) was exchanged.”; “On September 19, the ministry said it would exert greater control over the exchange of US dollars and Iraqi dinars in the Kurdistan Region, taking over responsibility for currency auctions from the Central Bank of Iraq.” A change in pattern… Very good find…Nice to see the change, we know that for the next part of the reforms will require them to do this. The fees and taxation being strictly monitored, sounds like the new system is in place now.
9-25-2020 Newshound/Intel Guru Mnt Goat Article: “GOVERNOR OF THE CENTRAL BANK OF IRAQ: DEVELOPING A DELIBERATE BANKING PLAN TO STRENGTHEN THE NATIONAL CURRENCY” I need everyone to pay attention to what the new governor Al-Kitab is saying in this article. He did NOT say he was going to delete the zeros…at least not yet. However…another article from an economist also taking about the currency and he does talk about the project to delete the zeros. Yehhhhh! What does this all mean? This all means they are discussing the possibility and Al-Kitab may in fact also be considering it. This is the important part of today’s news about the currency in that finally once again they are talking about and discussing the timing of the project to delete the zeros. Why else would the economist just come out with a discussion on this topic…Why else would al-Kitab have this conversation? So we can be assured this is FACTUAL and they are planning to do something soon.
9-25-2020 Newshound Guru Pimpy Article: “With documents and names…Nouri al-Maliki’s gangs control Iraq’s banks and plunder currency auctions to finance Iran and Hezbollah” Whoever did this investigation they laid it out in extreme detail about what these guys did. They used the Central Bank of Iraq and the public currency auctions to funnel money through organizations and to fund money over to Iran…they plundered billions of dinars from these guys and it tells you in step-by-step how it was done…again this is Al-Kazemi putting the beat-down on making sure the corruption is being dealt with…where they go with Maliki is going to be very interesting…Al-Kazemi is the man. He is definitely getting stuff accomplished. It’s awesome.
9-25-2020 Intel Guru Bruce [via WiserNow] …it’s hard to say – the timing sometimes when you’re coming up on a weekend you don’t know whether it will go for us on a Fri/Sat – or whether it puts Monday into play – Right now we have to just go one day at a time – that is really the way we have to look at this…We are on an hour by hour basis – for the release to take place…There was not much to report on tonight because we are that close…
9-25-2020 Intel Guru Frank26 …that now makes six days in a row of articles one after the other that talk about the Iraqi dinar exchange rate. It doesn’t get any simpler than that. And when you look who’s talking about it, the new governor…it’s all good…
9-25-2020 Newshound/Intel Guru Mnt Goat Article: “PROCEDURE FOR THE CENTRAL BANK REGARDING THE GOVERNOR’S SIGNATURE ON THE IRAQI CURRENCY” trivial as it may be, at least they are now talking once again about the currency.
9-25-2020 Newshound Guru Pimpy …there’s a lot happening today…We know Trump is trying to broker peace in the Middle East. We know he’s nowhere near done…We know that Iraq is going to be involved. Saudi Arabia is going to be involved. We know Kuwait’s going to be involved. I told you don’t be surprised if Afghanistan don’t get in on this. The big ones are going to be Palestine…Trump has been talking to Iran and now it’s starting to come out. That they’re in the position to talk…I don’t know how real it’s gonna be but we’re definitely gonna keep an eye on it…It’s hard not to get excited about this. Love or hate Trump it doesn’t matter, people have to be impressed with what this man so far has been able to accomplish. We’ll see what kind of fruit it bears. Nonetheless this is awesome…
9-25-2020 Newshound Guru Jeff …the reforms are in the budget and the budget is linked and married to the rate change… Article: “Parliamentary Finance: Approval of the current year’s budget will fulfill many demands” …pay attention to the 2020 budget. We told you it’s linked to the reforms…that’s why they’re delaying and hiding the budget from you. The approval process of the 2020 budget cannot be started till after the rate has changed…we are tentatively looking for…approving the 2020 budget the week of October 4th…the 2020 budget is exactly like I told you. It’s the catalyst in this…
9-25-2020 Intel Guru Frank26 The 2020 budget does have the program rate in it right now. But when the window opens for the 2020 budget to be complete it will introduce a new rate. It can certainly happen in these next three months IMO. The “operational budget” was recalculated a number of times. The exchange rate was recalculated over and over again…the 2020 has the new rate but the new calculation of the Iraqi dinar exchange rate are ready if this window opens…The key is Iran…When will that window open? I believe they have the security and stability right now for that window open wide open. I believe we are seeing it busting open. I can hear the glass breaking and hitting the concrete…the calculations for the 2020 budget are complete and wanting to be activated at a new exchange rate of 1 to 1. And it only goes up from there.