Iraqi Dinar Guru opinions 4-26-2021
Iraqi Dinar Guru opinions 4-26-2021
4-26-2021 Intel Guru Frank26 They will soon raise the rate 1 to 1 which is Article 8 which is International status. Leaving at 1460 and they can go international at 1460 is not going to draw any attention to give the currency of Iraq more potential growth…what is extremely important is what happens to the rate internationally from 1 to 1 outside of Iraq for you. You’ve got to know when to hold’m and when to fold’m…it is the REER (Real Effective Exchange Rate) that you and I seek. We already know it’s going to be 1 to 1…they have articles that told us so…the pendulum swing is now going in the direction of the exchange rate that is coming IMO…
4-26-2021 Intel/Newshound Guru sandyf NORV [Guru Kaperoni] is right in that no country could ever revalue in the way suggested, and in particular Iraq. He is also wrong in trying to make out there would be any benefit in floating he currency. No country that has ever been forced into a flotation has gained value in the short term. The guru BS continually refers to Kuwait but that is fake news, there never was any RV in Kuwait. During the occupation Iraq replaced the KWD with the IQD as the national currency. The Central Bank of Kuwait went into exile and continued business as best it could, after the occupation the KWD was reinstated as the national currency at the same value it had before. Anyone interested in what actually happened should read the document “The Impact of the Iraqi Invasion on the Kuwaiti Banking and Financial System: Lessons Learned from a Financial Crisis”
4-26-2021 Intel Guru Frank26 Why did you [CBI] raise your reserves from 60 to 90 billion? Why? For a program rate? Really? It would only be because you want to raise the value of your currency…you need to know if your country can sustain these numbers…the telltale sign of going from 60 to 90 should have told you they’re going to raise the value of their currency…
4-25-2021 Newshound Guru Kaperoni An article…came out from economic adviser Saleh stating Iraq cannot float the dinar because is using the daily currency auctions. He mentions several reason. This is true. They cannot float while they continue to use the currency auctions. Iraq is only one of a few if even that left in the world using a currency auction. Central banks manage their currency by freedom of movement of capital and supply and demand selling blocks of currency to balance the exchange rate on the global financial system.
4-25-2021 Newshound Guru Kaperoni Remember, the currency auction was created to not only maintain stability but to provide a source of dollars to merchants in Iraq because the dinar had not been recognized internationally for trading and exchange. Not only the dinar but the financial system in Iraq was completely rebuilt from the ground up. That is why they went into IMF Article XIV. Giving them several years to build confidence and stability prior to accepting Article VIII engaging with the world financial system. We expect the currency auctions to end when they accept IMF Article VIII. They will end the auctions, and begin to float the currency which will contribute to the success/growth of the private sector market economy.
4-25-2021 Intel Guru Frank26 The CBI is about to go on a massive advertising campaign about the monetary reform…inside Iraq… television commercials, newspaper ads, billboards…there’s going to be CBI workshops. The CBI will rent out big auditoriums, gymnasiums…they’ll set up table, ‘We’ll like to explain to you what’s going on.’
4-25-2021 Newshound Guru MilitiaMan …with all we know and understand the exchange rate has not thus far gone the direction we have been hoping and praying for. Or has it? …The powers that be have been working for years to get the country of Iraq to reconstruct and get back to a rightful place in her region and the world. We can see the progress on many fronts over the past 4-5 years now. But more recently we see a laundry list of crucial items (mechanisms) coming together to facilitate the birth of a new nation of Iraq. …One that is to have an advancement to their internal and external systems like no other possibly in history or at least our life times with or in respect to the “Iraq Marshal Plan”.
4-25-2021 Newshound Guru MilitiaMan This new plan is going to be vastly different in nature from previous era Marshal Plans of the world…The previous were industrial in nature primarily. This one will have and industrial nature of course, but with a new and improved digital component to it…That road is transparency. The new system requires it. The digital world they’ll begin to live with looks to be with the USA help is to go live 05/01/2021 digitally for both Dinar and the Dollar…To do that Interconnectivity is to be international… Article 8 compliant. Cross border payments and settlements for trade require it.. imo… So with having the E-Gov, E- Commerce, E-Borders and new E-Currency we should see an exchange rate change at or before the roll out of the digital playing field they suggest is to roll out May 01. I am very optimistic…Let’s see what the day brings us. imo.
4-25-2021 Intel Guru Bruce [via WiserNow] …there have been over 1100 arrests – in the last several days there – these have been bankers- financial people – Iranian sympathizers – have all been arrested and removed from the scene – this was done in 4 major cities – these arrests needed to happen – and they also I think paved the way for us to move forward – so in other words with that done and the rate for the dinar going into the gazette and being internationally seen on Saturday – I think basically that takes Iraq and we can maybe close the chapter on Iraq…