Iraqi Dinar Guru opinions 1-3-2021
Iraqi Dinar Guru opinions 1-3-2021
1-3-2021 Newshound Guru Pimpy There’s an assumption that the budget has been passed. I’m not sure that’s the case because it says that it’s been received. Article: “Parliamentary Finance receive the budget and reassures employees about salaries”. My guess is that [the budget is not passed] because the agreement between Erbil and Baghdad has not been finalized. Although the part that matters for the budget to go forward has been agreed upon…
1-2-2021 Newshound/Intel Guru Mnt Goat Article: “ECONOMIC WELCOME TO THE DIRECTIONS OF RAISING THE INTEREST RATE ON DEPOSITS” …They are telling us what the CBI is doing with the devaluation. …They need to collect these 3 zero notes and if they can’t get enough of them off the streets they are not going to go ahead with the project to delete the zeros. …they are following the process. So if a part of it is slowed down then they have to wait, but the process is being followed. …the devaluation was a very desperate move on the part of the CBI and they did not want to do it. They were forced to do it in order to get the loan from the IMF to pay December salaries. Also because they got the loan it was conditional on following the advice of the IMF and the World Bank on the next steps to get to the final outcome and reinstate the currency. It may seem all is lost now but the plan is working so far.
1-2-2021 Newshound Guru Jeff Article: “Parliament Finance talks about attempt to withdraw the Iraqi dinar from the local markets” The reason they’re putting the dollar into the market and getting the dinar out of the market is they’re trying to reduce the amount of dinar in the county in preparation for the rate change. This is a direction that came from the World Bank and the IMF…You are literally in the season for the rate change. You’re there finally…they have the stage set for the rate change. We are in the best position we’ve ever been in…
1-2-2021 Newshound/Intel Guru Mnt Goat Article: “THE DOLLAR FACES THE IRAQI DINAR IN TWO WAYS: 130 OR 160 THOUSAND PER 100 DOLLARS … AN INTERNATIONAL PROPOSAL FOR BAGHDAD THAT “RAISES THE PRICE MADLY” So this article is telling us that in order for Iraq to get a loan necessary to pay salaries for December they had to devalue the currency under pressure from the World Bank. This pressure was exerted on the Financial Ministry first and then to the CBI…But remember this – how will the GOI pay January’s salaries?
1-2-2021 Newshound Guru Adam Montana Article quote: “The deputy speaker of the Iraqi parliament, Bashir Al-Haddad, said Tuesday that Parliament has received the draft federal budget for 2021. This comes at a time when the Kurdistan Regional Government said that the agreement reached by its negotiating delegation with Baghdad is included in the draft law.” Agreement with Kurds – this is not precisely HCL, but it’s also not not precisely HCL. The point there is that if there was ever a time this is going to happen… it’s probably upon us.
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…
1-2-2021 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.