Iraqi Dinar Guru opinions 2-10-2021
Iraqi Dinar Guru opinions 2-10-2021
2-10-2022 Intel Guru MarkZ [via PDK] I have seen the redemption centers…I know people that work there…I know they exist.
2-10-2021 Newshound/Intel Guru Mnt Goat …we must go back to what we know for sure. The CBI confirmed that the Bona service will be launched on the tenth of February. …Bona is a platform that provides real-time clearing and settlement services for cross-border financial transfers between Arab countries and in Arab and international currencies. I am not predicting a date for the RV just do you know…If the Iraqi dinar is on Bona (which they announced it is) this may get a revaluation of the Iraq dinar in the middle east but not necessarily the reinstatement we desire which allows us to go to the banks in the USA. We might have to wait longer until it is connected to the other currency exchanges throughout the world, especially FOREX. Remember we need a reinstatement and a release of OFAC sanction to allow us to exchange our dinar. Incidentally the ISX (Iraqi Stock Exchange) is now experiencing rapid growth of about 25%. WOW!
2-9-2021 Newshound/Intel Guru Petra …Guess who signed onto the BUNA platform to take care of all the U.S. dollar denominated trades? JP Morgan Chase one of the biggest tier one banks in our country. That tells you now that J.P Morgan chase is involved. They are not doing it for a currency that can’t be transferable ie. the Iraqi dinar. BUNA is the mechanism by which they will be able to transact on the international market…This Wednesday the 10th…we wait to see if they actually transact because they’ll need to be internationally positioned with their currency in order to do so…
2-9-2021 Newshound/Intel Guru Mnt Goat The news is all very good today and in fact it is just what we want to hear, as we have not heard news this great from the finance committee in a very long time. Now we are hearing it. We should have heard this in December but everything was delayed due to Covid and the drop in oil prices. But now oil is close to $60 a barrel and is expected to rise. So, in today’s news it all about the will to ending the currency auctions, reducing the deficit to record lows and not touching the CBI reserves to pay for the deficit in the new 2021-2022 (2 year) budget. Does this all add up to something? Think about it. Put two and two together.
2-9-2022 Intel Guru MarkZ [via PDK] I am hearing nothing from the banking centers right now…they are quiet but being asked to stay in place…I talked to a banker in Asia…and they are all being asked to stay in place because things are imminent…. I take this as a very good sign…I don’t want to get excited but…Well the chatter out of Iraq is sure pointing toward the 10th being a big day… They are looking for a budget tomorrow…. We will be closely watching over there in the sandbox overnight and tomorrow. We should manage our expectations…but the chatter and news out of Iraq says they are expecting a new value tomorrow.
2-9-2021 Intel Guru Frank26 …this [AMF’s BUNA] is solid evidence that they are coming out to the international world. It’s solid evidence they are Article 8…this has nothing to do with a program rate…this is a flow. This is a movement. This is a step-by-step progression. There is no date. There is no rate. The rate is well calculated. That’s why we have the budget…be very aware of this tool. It’s for International status…
2-9-2021 Newshound/Intel Guru Petra BUNA is a mechanism. It is a method by which the Arab Monetary Fund, which owns the BUNA platform regulates trade within the 20+ Arab countries…all these currencies are all part of the BUMA platform. That is the mechanism that those organizations trade within their countries and outside their countries in the international market place…using a very fast method of transferring inter currency moneys. What’s important is Iraq joined this platform on January 4th this year.
2-9-2021 Newshound/Intel Guru Petra They did not engage but they did join the platform…why would Iraq join the BUNA platform? First of all the BUNA platform requires the currency be internationally tradable…Iraq joined them on January 4th…but they don’t go live on the platform until Wednesday the 10th…which means they have to have an internationally tradable currency on Wednesday if they transact. That’s a big if. If they transact then something has changed. We would all love for this to happen. Is it going to happen? I don’t know…If they do, we’ll know about it because they’ll have to change the rate. That’s why the BUMA platform is so important…