Iraqi Dinar Guru opinions 10-7-2021
Iraqi Dinar Guru opinions 10-7-2021
10-7-2021 Newshound/Intel Guru Mnt Goat …we see…the oil prices jumping again…Tuesday, reaching their highest levels in at least three years. Brent crude rose to $81.48 a barrel has put substantial amounts in the foreign reserves of Iraq. This is huge news and Iraq should certainly take advantage of the high prices.
10-7-2021 Intel Guru MarkZ [via PDK] I did speak with some Iraqi contacts today again…They say there has been a lot of clean up…as they anticipate a release of the new rate no later then midmonth. Sooner than later is what they are telling me. They have made it very public over there that they have loaded the ATM’s with lower denoms. And that they have printed and prepared all the lower denominations as well…they still are saying they are ready and prepared. We are all hoping we get over the finish line any day now. I wouldn’t be surprised to get that call at any time. Iraq has already been given all the mechanisms…their finance minister came out and said they are now prepared to let their rate float to its real value…. [do you think we will be done by the 15th?] At this point…based on what I am hearing…I do.
10-7-2021 Newshound Guru Pimpy Is the Iraqi exchange rate about to happen…on the 17th? …You guys were bombarding me with this. CBI Document [Instructions for buying and selling foreign currency for the year 2021] …All this is saying is there’s new policies/procedures that are going to be implemented dealing with the exchange companies and it’s going into effect on 10-17-2021…Nothing in there says they’re going to make the rate change happen…look don’t get me wrong. It’s not that I don’t want it to happen on 10-17. If it does I’ll be thrilled to death…all this means is they’re implementing new policies and procedures.
10-7-2021 Newshound Guru Pimpy Look we all want this to happen. There’s a lot of great news. A lot of positive information that’s been getting out there so let’s not force something that’s not true. There’s nothing in here that say that the rate change is going to happen 10-17. As usual you guys turn me into the bad guy. I don’t want to be the bad guy. I want you guys to be grounded. I keep talking about how I think the Iraqi dinar is to go up in increments…that doesn’t mean there won’t be no RI or not RV…there’s a lot of great/positive things happening over there in Iraq and I’m excited about it…it is interesting [this CBI document] I’ll admit that. What does it mean? It’s hard to say…
10-6-2021 Intel Guru MarkZ [via PDK] One thing we do know according to the Iraqi Minister is they plan on unplugging it [the dinar] and letting it float and the IMF has been pushing them to establish their new rate. We know we will see a change in value over there…not even a question. It’s written all over their news and written all over the world news. We just need to watch it all play out….
10-6-2021 Newshound/Intel Guru Mnt Goat The really huge news this week is that the central bank of Iraq last week issued new instructions to banks and exchange companies and brokered the sale and purchase of foreign currency licensed. These instructions aim to strengthen the role of the banking system and non-banking financial institutions in securing foreign currency…To me it sounds like they intend to stop the currency auctions and proceed to other means to exchange foreign currency. Other means to pay for imports.
10-6-2021 Newshound/Intel Guru Mnt Goat They can only do this if they are able to use the dinar, not the U.S. Dollar, in the purchase of imports. This can only be done with the agreements they have made in the recent past with other countries to accept each other’s currencies…These new instructions are pushing the banks to take alternative measures for revenue generation away from the auctions…Will they decide to use the Iraqi dinar in place of the U.S. Dollar in trade? Can they do this? If they do this the rate of the Iraqi dinar will skyrocket. Seems to me they may be heading in this direction.
10-6-2021 Newshound/Intel Guru Vital Brad CBI Document “Instructions for buying and selling foreign currency for the year 2021″ We’ve got intel with documented proof gets me excited! …but we’ve got to be cautious of intel…we don’t want to get our hopes up but at the same time we have a documented stamped CBI document saying it’s going to be reinstated on the international market on…I looked at a calendar – October 17th is a Sunday…it’s a very real possibility. Is it possible? Is it here? We’ve been waiting a long time…it’s right on the Central Bank’s website. A date. If what it’s saying is what we’re interpreting as…it’s huge.
10-6-2021 Intel Guru Bruce [via WiserNow] …everything has been very quiet…but usually we have to regard that as “good news” – no news is good news – and in this case that seems to be good for us…So we did find out a little bit more here and there – I would say that the Iraqi Dinar has been put in a position where it is trading now on Forex and going up in value and it will be put out but its still not out publically yet – But they will not do that until we get started – by that I mean – we get notified… So I feel as though if we don’t get anything unusual or another monkey wrench thrown in the mix here we are good to go – I really believe that – so we’ll see how that manifests to us…
10-6-2021 Intel Guru MarkZ [via PDK] I am very much expecting it at any moment…at this point I know we are very close… in Iraq they are still in the waiting process. The news I got from a contractor over there is they are expecting to be paid in all new rates on October 15th over there. They are expecting the RV at any time over there…It could be 2 minutes…it could be days.
10-6-2021 Newshound Guru Pimpy Article “Adviser to the Prime Minister: Offering and selling government bonds to move idle money” Doesn’t that look like a nice stack of – I don’t even know what denominations those are. I have a feeling they’re the bonds themselves because the article is about bonds…I’ve been staring at them trying to figure out if those are a denomination of some sort. But if they are they’re definitely the lower ones. It looks like maybe the tens. That’d be weird for them to be handling lower denominations since they have, oh I don’t know, zero value at the moment! Are they showing us something? Is this a hint? …This is probably an old picture, if not it looks like they’re pulling out the lower denominations. You never know because they keep talking about the exchange rate once again…
10-6-2021 Intel Guru Frank26 …because they [Iraq] are Article 8 now they have the mechanism…it’s a tool given to them by who? The IMF. To do what? To leave their border and to allow the currency to go up in value. Investors of the Iraqi dinar would you like that? …The evidence that they are Article VIII is that they are using the mechanism to raise the value of their currency…
10-6-2021 Newshound Guru BobTheTaxMan Now if the Biden Administration does get what they want and if they do limit our retirement accounts to 10 million dollars this could be a problem Houston…The way around that is your IQD is sitting in your Roth [IRA], you can always pull those notes out because there’s no taxable event to pull those notes themselves out and put it into a CRUT (Charitable Remainder Unitrust). That’ll take that limitation away. You’ll still get money out of that which will be marvelous…
10-6-2021 Newshound/Intel Guru Mnt Goat The Ministry of Finance announced…Tuesday, that the highest foreign currency reserves in Iraq since in 2014 when they amounted to $82 billion. So, they are now over that amount…They are probably reaching about $90 billion? Then in another article…they tell us that the monetary policy of Iraq depends on the amount of foreign reserves supporting the Iraqi dinar, that is, the efficiency of the reserves and their escalation towards safe lines…we have been watching the amount of reserves all along as a positive sign of moving towards getting the project to delete the zeros accomplished. So this news today reinforces our hopes.