Iraqi Dinar Guru opinions 9-8-2021
Iraqi Dinar Guru opinions 9-8-2021
9-8-2021 Newshound/Intel Guru Mnt Goat Our RV news this period is VERY GOOD. We heard from the Finance Minister Ali Abdul Amir Allawi as he confirmed once again that the white paper “seeks to fundamentally change the nature of the Iraqi economy”. WOW! What good news this is!…This is the guy that is going to add support for the currency reform we are looking for. In other recent past articles he talked about the necessity to put the IQD out on a managed float on the global market place and he did reference FOREX itself. This was WOW news for me and so we sit and wait for his next move.
9-8-2021 Intel Guru MarkZ [via PDK] Question: Can we ask for the rates on the back screens? I am told that the all rates have been pre-determined…they are set. Fees are set. This is part of the treaty and there is no negotiating. This is what I have been told and I believe it to be accurate.
9-8-2021 Newshound Guru NORV [aka Guru Kaperoni] …the auction are a BALANCE between dinar and dollar. That being so, there is no way to reduce the money supply with the auctions. Any attempt to do would cause one or the other currency market rate to change. They are trying to keep it stable, not cause further devaluation…when the exchange rate is stable, be assured it is because they have done a good job supplying one or the other to meet demand…And if we know anything, is that the CBI is pumping more dinar not less into the market since the money supply is now around 80 trillion dinar.
9-7-2021 Intel Guru MarkZ Question: “It was said in the past that the IQD should be exchanged into a separate account.” Absolutely not. And I am told you do not need a trust before the exchange. Anyone tells you that you need one is just trying to sell you something.
9-7-2021 Intel Guru Frank26 Article: “The Central Bank of Iraq revealed the mechanisms that it will adopt to deal with oil price differences” I know it’s a new rate isn’t it? Yes…Behold the announcement of the announcement… Quote: “The Deputy Governor of the Central Bank of Iraq indicated that changing the dollar exchange rate is a studied step from several sides, and the decision to amend was taken only after extensive studies by they Ministry of Finance and between the Central Bank and in agreement with important international institutions for a fair situation of the dollar.” Behold the announcement of the announcement… Quote: “…the exchange rate change was long overdue, and it was supposed to be adjusted from 2010…” These are exciting times…
9-7-2021 Newshound Guru Kaperoni Despite the guru’s attempts to get you excited that some fictitious RV is coming, nothing is going to happen anytime soon. Iraq has a ways to go to create a suitable business climate encourage foreign investment. Only with the success of Iraq’s economy can the dinar rise in value…
9-7-2021 Newshound/Intel Guru RVAlready It is not up to parliament or GOI to set the rate…The rate is up to the CBI…period. It doesn’t matter what the budget specifies.
9-7-2021 Intel Guru BobTheTaxMan The current administration believes the rich need to be giving up more and more and more and they’re lowering the caps down on what you can have before it gets taxed very heavily… [NOTE: Consult with your tax professionals to get the answers and solutions for your specific situation at the appropriate time.]
9-7-2021 Newshound Guru Pimpy Article: “Minister of Finance: Complete the proposed budget model for the coming year and study the mechanisms for its implementation” People keep asking me about whether or not I think the rate is going to be here [2022 budget]. To be quite honest I’m not sure. It’s possible. If you prematurely jump up in value too quickly then you could really hurt your economy. As they continue to develop and grow they obviously are going to need a more powerful dollar. That’s why I think it’s possible that we can see a rate change happen because they’re going to be doing more importing IMO than they are exporting at the moment…it’s gonna take a ton of dollars to do that…They’re definitely not going to devalue their currency anymore that’s for sure. As they continue to grow they’re going to need a stronger purchasing power dollar…
9-7-2021 Intel Guru Frank26 No. Do not run to the bank. It would be tragic if you did.
9-7-2021 Intel Guru RayRen98 …A bank memo stated that this upcoming week will be one of the very best weeks in a long time, maybe even a record-setter? All of the senior staff expect to be extremely busy this week! Private clients are anticipated to be called in…possibly before 800 numbers are distributed. Time Will Tell…