Iraqi Dinar Guru opinions 2-2-2021
Iraqi Dinar Guru opinions 2-2-2021
2-2-2021 Newshound Guru Jeff Article: “Parliamentary Finance meets with official from the World Bank” In the past they’ve never really had the World Bank and the IMF involved with budgets. The reason they have the World Bank involved with this one is because this budget is now linked to the rate change. It has reforms in it which the World Bank has financed. Because they financed the reforms they need to monitor what happens in Iraq financially because they have a vested interest…payments can only be paid back to the World Bank with internationally recognized currency.
2-2-2021 Intel Guru Footforward Article: “Iraq’ 2021 Budget law to be approved this week…” Quote: “Iraq’ 2021 Budget law is expected to be approved tomorrow Tuesday…” Which is good news. But I’m 97% sure that the new rate is not going to be in that budget and will come out in something shortly after the budget’s released. It’s not financial or investment advice that is my opinion.
2-1-2021 Newshound Guru MilitiaMan Article: “Sairoun: Raising Or Lowering The Exchange Rate Of The Currency Is The Exclusive Authority Of The Government” The reducing the price of the local currency is not going to happen again. 1182 Didn’t work 1190 didn’t work nor will 1460 if left with out deleting the zeros from the exchange rate. imo
2-1-2021 Newshound Guru NORV [aka Kaperoni] …there is no intent to redenominate the dinar…First it would take parliament approval, and second their would be no reason to encourage exchange and settlement among middle east countries (Buna) and eventually the world if they were planning to redenominate (LOP) the dinar. Not to mention, Iraq has had less than 3% inflation for the past 20 years. The plan for Iraq is like other middle east countries which is to diversify, create stability, employment and a private sector, foreign investment to improve the economy and create economic growth…only then the dinar can appreciate as a result. There has never been one indication that the IMF would support such an event, in fact they speak of allowing the currency to rise. Even the recent devaluation was not random, but an attempt to preserve the central banks reserves as well as meet compliance with the IMF. It is well documented…
2-1-2021 Newshound Guru Jeff Article quote: “the idea of raising the price of the dollar is an international policy shared by the Ministry of Finance, the Ministry of Planning and the Iraqi government, especially the International Monetary Fund.” …since they devalued the currency on December 20th the World Bank and the IMF have been putting a big emphasis on Iraq bringing forth this rate change, get the reforms going and improve Iraq’s economy…
2-1-2021 Intel Guru MarkZ [via PDK] [Are we there yet?…] Well everybody is in place…Everybody I know that is involved with groups at the upper end is in place. We do not know the timing. This is a “when” not an “if”…just awaiting someone to pull the trigger. …News out of Iraq…they are openly talking about their new budget and the white papers. In news articles they are talking about the need for a higher value for their currency in order to meet the requirements of their new budget. They are clearly preparing people for this and for the lower denominations and how their Qi cards work.
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…
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