Iraqi Dinar Guru opinions 2-1-2021
Iraqi Dinar Guru opinions 2-1-2021
2-1-2021 Newshound Guru MilititMan Article: “Al-Yasiri: The Central Bank’s initiatives have contributed to employing the unemployed and moving stalled projects” Quote: “the aim of changing the exchange rates is to support the Iraqi product in competition with imported products…He explained that “some sectors will respond immediately to this change…” I would have to agree that the response will be immediately. They change the exchange rate and the markets respond in like kind. And in a big way. Contracts will require it!!! imo.. The news is off the charts good…the way they are talking today and yesterday. Comprehensive development process have been on going and we are now finally see the fruit of it all! imo
2-1-2021 Newshound Guru MilitiaMan Article: “Advisor to the Prime Minister: Creating new electronic payment cards that will enhance the advancement of services provided to citizens” DIGITAL MONEY!!! I seriously like to hear this. They told us about this… It is and was part of the plan of a level playing field. Get ready to be cashless than before. They told us there would be a smaller amount of currency in circulation. Well when they adjust the exchange rate accordingly they will need less cash. As it will be worth more…imo
2-1-2021 Newshound Guru Jeff Article quote: “Today Sunday the World Bank confirmed that changing the exchange rate gives the state the ability to increase its revenue…” …They are not talking about decreasing. They’re talking about increasing…if they keep the exchange rate lower, imports are going to cost more. If they increase the exchange rate imports cost less…
1-31-2021 Newshound/Intel Guru BGG …for the first time, maybe ever – they are actually using language that implies some tie of “raising the exchange rate” to the new budget?!?
1-31-2021 Intel Guru Footforward …Based on my “opinion”, 3.18 makes more sense as a date then it does as a rate. In my “opinion” the rate “can’t” be that low. That’s not financial or investment advice. My opinion (again not financial or investment advice) is that the dinar has to be over 3.50.
1-31-2021 Newshound Guru MilitiaMan Article: “Parliamentary Finance expects: Approval of the 2021 budget within the next two days” I cannot imagine, them not passing this week for a vote. They know there is to much at stake now. There is apparently no going back now… Way to much has been accomplished…imo.
1-31-2021 Newshound Guru Adam Montana [Iraq is trying to defer payment of debt to Kuwait because of their current financial crisis. What does this signify in regards to an RV? If the deferment is granted, does this affect the timing?] In regards to an RV, I say it signifies nothing. Iraq has always tried to plead poverty and defer payments and anything else they can do – just like we would expect any other country to do. The payments are in dollars, not Dinars… this means that after they RV, it will be easier for them to repay. In fact, it makes sense to stall payments until after the RV if possible, because they will effectively pay less that way. Or at least have more to pay with, but I don’t think their payment schedule will change for them. It’s just better for them all around that way.
1-31-2021 Newshound Guru NORV [aka Kaperoni] If we are to get excited about anything in Iraq of late read up on the Buna payment system. This will create demand and facilitate exchange in Middle East currencies. The end result could be growth of the Iraq economy and an increase in the exchange rate. Time will tell…
1-31-2021 Newshound Guru Adam Montana [I truly believe the “HCL” will be done simultaneously with the Budget 2021 or immediately afterwards…Your thoughts?] I’m mostly in agreement there! It certainly could be done simultaneously with the Budget, but that doesn’t mean it has to be done simultaneous…however, the timing certainly is good. I’m hopeful.