Iraqi Dinar Guru opinions 9-29-2020
Iraqi Dinar Guru opinions 9-29-2020
9-29-2020 Newshound/Intel Guru Petra …we haven’t seen the reform papers yet and we haven’t seen the budget yet because they all have to do with the rate…what else needs to happen? We need to see the rate. And now this International day coming on the 3rd…I think we’re at the end of the train finally…I think this next week is going to be quite exciting…
9-29-2020 Newshound Guru Pimpy …ever since Al-Kazemi has been in office we’ve seen huge strives. Not very many if any back-steps. Most of them have all been positive. There’s a reason to feel very optimistic about what’s going on…
9-29-2020 Newshound Guru Jeff Article “Iraqi government proposes October 3 National Day” …this new national holiday is to give Iraq official and international recognition for the establishment of Iraq being an independent Iraqi state. That’s the purpose of this new holiday for it being renamed from Independence Day to now National Day. On October 3rd. This coming Saturday…This has nothing to do with the rate change. Something of interest.
9-28-2020 Newshound Guru Jeff Article: “Parliament Finance expects the 2020 budget to arrive in Parliament in two days” They’re telling you they have not shown or revealed the numbers publicly…IMO they have to hide the figures of the budgets because it’s pretty much calculated in the billions not trillions because it’s calculated off the rate change. Budgets don’t contain rates. Budgets are calculated off the rate change. When the rate changes the budget transitions from trillions of dinar down to billions of dinar. That’s the deletion of the zeros off the rate…they’re hiding the budget figures because it’s going to be calculated in billions not trillion and it’s to hide the freaking rate change… everything is lining up right before your eyes.
9-28-2020 Newshound Guru Pimpy …the last 24 hours have been very interesting…we’re still hearing news about the Iraqi dinar exchange rate…We know they’re talking about the exchange rate. Hell they even came out so far as to say they needed to decrease the exchange rate…decreasing the rate helps those individuals who hold on to dinar…they’re saying decrease the number of dinars you get for every U.S dollar [Which is good for us]…until they do anything with their rate change we have no idea of what’s really going to happen…even if they decrease the rate we don’t know about how much…that’s why I want people to say grounded. All of this is good news. We like it…
9-28-2020 Newshound Guru MilitiaMan Article: “The Central Bank: The reform paper for the banking sector will be launched soon” Quote: “The Central Bank of Iraq announced, on Sunday, that the terms of the reform paper will be imminent for the banking sector.” The theme in this imo is the wording “Terms”. Recall last week…there were two large energy companies working on agreements to provide electricity. Both GE and Siemens were telling us they have projects but they couldn’t yet disclose the terms… Here…the CBI is gearing to expose the terms of the reforms paper. Terms are at what rate the banking sector will be using to advance it’s current reality. Similar to the terms the two companies could talk about!!
9-28-2020 Newshound Guru MilitiaMan If the recent article talking about balancing the banking policy has anything to do with this, which, imo it surely does, it talks about using a balance of payments between the Dinar and the US Dollar…We can see there is an apparent change coming. We are hearing that Media yesterday was telling the citizens a change in rate was to be expected now. Articles from the banking sector and the GOI support that! In fact economists, the CBI Gov and the PM have piped in on the matter!! Times are looking very good! There are other peripheral things on going that also support that the CBI is about to talk terms!! Imo.
9-28-2020 Intel Guru MarkZ [via PDK] We are still hearing very positive things out of Iraq…The middle east is very positive that we will soon get a new rate this week. Things still appear to be sitting on the precipice.
9-28-2020 Newshound Guru Jeff Article: “Concerning the currency, salaries and commodity prices … 10 economic measures and ‘radical’ financial changes that Iraq is expected to implement next year” …number one is huge. Quote: “1. Decrease the national currency exchange rate.” They’re telling you they’re going to decrease the national currency exchange rate. When they decrease the rate it actually increases the value of the currency…Iraq will never tell you the year they’re going to do that step. So the fact that they’re telling you ’21 disregard that part of the article because they will never tell you the truth when they plan to physically increase the value of their currency…
9-28-2020 Newshound Guru Pimpy Right now for 1 American dollar you can get 1190 Iraqi dinar…if that number  increases that means the value of the dinar is going down. That’s not good…if that number  decreases that means the value of the dinar is rising against the U.S. dollar…we want to see that number decrease…a lot of people get this mixed up. Most of us have bought the Iraqi dinar at this rate – 1190 Iraqi dinar for 1 U.S. dollar. Any kind of decrease…is a monetary gain for us. That’s good. That’s what we want.
9-28-2020 Newshound Guru Pimpy Article: “Concerning the currency and commodity prices…10 economic measures and “radical” financial changes that Iraq is expected to implement next year”. That’s 2021. It’s the International Monetary Fund. This is their reforms. They’re talking about decreasing the national rate…I say we need to slow down even though this is good news. We don’t know how much that rate is. Considering it is the IMF I’m always hesitant. Of course Any decrease is good. But [Hypothetically] if they went from giving us 1190 Iraqi dinars to all of a sudden giving us 1700 dinars sure all you guys would be be like Yay! But it’s not that big of a deal. It’s just a slight increase…there you have it. This is what they want to implement in 2021…talk of decreasing the rate is here…it looks good.