Iraqi Dinar Guru opinions 1-2-2021
Iraqi Dinar Guru opinions 1-2-2021
1-2-2021 Newshound Guru MilitiaMan Article: “Ministry of Commerce: the middle of next month, the date for the application of the electronic payment system” The push is on imo… They don’t have much time between now and the mid month January time frame they give…to implement the electronic payment system. The minister of Trade had obstacles to overcome and it appears the obstacles have been overcome now. The electronic payments should be from my understanding be done with a new digital dinar. There words not mine.
1-2-2021 Newshound Guru MilitiaMan …The country has obviously devalued for a purpose(s)…In my view they have a plan that included the devalue, then a subsequent deletion of the 3 zeros and then the intention is to defend the exchange rate for stability. The electronic payments may very well be a very supportive clue to the accuracy of my view. We shall see. imo.
1-2-2021 Newshound Guru Jeff Article: “Parliament Finance talks about attempt to withdraw the Iraqi dinar from the local markets” They’re now setting the stage for the rate change process. That’s exactly where they’re at. They need 90 days on this…Iraq will change the rate in very close proximity to the timing of their fiscal year which starts April 1st…they need 90 days to withdraw the note count…
1-1-2021 Newshound Guru Adam Montana Iraq just changed the rate. Granted, it was the wrong way… but they are already talking about changing it again. You don’t need me to tell you where this is headed. Hang tight, friends!
1-1-2021 Newshound/Intel Guru Mnt Goat Article: “BAGHDAD’S CURRENCY DEVALUATION LIFTS LID ON IRAN’S EXPLOITATION OF IRAQI RESOURCES” Here it is in black and white…I quote from the article: “The DECISION TO DEVALUE THE IRAQI DINAR AGAINST THE US DOLLAR HAS HAD POLITICAL AND STRATEGIC IMPLICATIONS FOR IRAN AND ITS MILITIAS IN IRAQ AND THE REGION”. …they are killing 2 birds with one stone. …they are accomplishing multiple objectives with the devaluation. It is a powerful & strategic move. It means it is not about a falling economy and a country about to go broke, but rather a means to a bigger end.
1-1-2021 Newshound Guru Kaperoni Raising the dinar exchange rate requires hard work. Stable government, laws, investment and a successful economy are required to see the dinar appreciate in value. There are no shortcuts.
1-1-2021 Intel Guru RayRen98 May this be our greatest year ever and may you receive all the blessings that he has in store for you. The latest bank update says Monday is expected to be busy.
1-1-2021 Newshound Guru Adam Montana HCL talks, agreements between Kurds and Baghdad, increasingly rapid progress – all happening right in front of us. I’m…excited to see what’s next. GO RRRVVV!$!$!$!$!
1-1-2020 Newshound/Intel Guru Mnt Goat Remember from previous years we are not yet dead on the idea that a reinstatement could happen in the first quarter until they open the budget without it happening…Let’s watch for the 2021 Iraqi budget passing and see what happens then. Also, we know this devaluation is costing jobs in Iraq and so it is counterproductive as to what they say they want to do – create more jobs and build up the economy. So, this tells us this devaluation is short-lived. Better things are coming for Iraq.
1-1-2021 Intel Guru MarkZ [via PDK] [Is there an RV rate change?] We are not seeing a new rate in Iraq…they are announcing another rate change and their goal is to scare people…get you to throw in the towel and sell your currency…just like they did in Kuwait and China before their revaluations…this is the same thing Iraq did 3 previous times in the 1900’s…
1-1-2021 Newshound Guru Pimpy they’re already talking about the rate change again. Will it happen? I don’t know. It’s only talk…The World Bank wanted to increase the number of dinars per dollar and the Iraq central bank said no. They want to go in the opposite direction. They want to decrease the number of dinars you get for every dollar. So the World Bank wants to devalue the dinar more. The Central Bank…they want to increase the value of the dinar…I thought this change would be really quick, very temporary just so they can get the salaries paid. Get back on track and then go right back to changing the rate in the right direction. So that’s what looks like is happening fairly quickly. At least it’s being discussed…this is a good thing. A very good thing.