Iraqi Dinar Guru opinions 5-10-2022
Iraqi Dinar Guru opinions 5-10-2022
5-10-2022 Newshound Guru Walkingstick [via frank] [Walkingstick’s Iraqi bank contact update] BANK FIRM: We have the delivery schedule of the new small category notes (NSCN) in our possession. WALKINGSTICK: We know know ‘What’, the new small category notes. And we know ‘where’, the ATM machines and the banks. But what we don’t have is we need the ‘when’…the only detail missing is the timing of when they will sit a government and announce it in order to deliver the NSCNs and new exchange rate. Once that happens, the reforms and the new exchange rate, and NSCNs and many other things that everyone and the citizens are waiting for will happen.
5-10-2022 Intel Guru RayRen98 FED SOURCE SAYS, “THINGS ARE MOVING FAST”…BANK SOURCE SAYS, “IN MEETINGS ALL DAY”…CANADA SOURCE SAYS, “KEEP YOUR PHONE POWERED ON”…
5-10-2022 Intel Guru MarkZ [via PDK] …there are a lot of rumors floating around out there that Iraq has gone with a 1 to 1 rate… They have not gone 1 to 1 in the country. It has not occurred yet. Do they still talk about the NEER rate (Nominal Effective Exchange Rate) – yes they do but less and less often now…now they are discussing the restoration of the old value which was the mid $3 dollar range…this was discussed again this weekend in Iraq.
5-9-2022 Newshound Guru Godlover This food security law you speak of is certainly not a good thing if it does not come with the general budget.
5-9-2022 Intel Guru MarkZ [via PDK] …good articles out of Iraq today. Article: “ Financial advisor to the Prime Minister: Financeil abundance is a historic opportunity for Iraq.” They even talked in depth about how it will cost them .6 cents per bill to delete the zeros or printing and replacing the physical notes…but they added that this will not increase purchasing power. That is one of their key issues. So now that they are ISO compliant and can be international….it is time to do both….increase the purchasing power and delete the zeros. This is conversation over the weekend on Iraqi television. Time to get this abundance to the people …I think this is positive stuff.
5-9-2022 Newshound Guru Militiaman In my view this one has rate implications. The emergency food support bill is what many countries deem as security issues and interestingly enough, there is a food law being talked about in Iraq and even the UST has talked of this topic too. If this is the same thing, there is a rate to be had with it or behind it. We have heard that food security is important and a security issue and a reason the Federal Court Ruled that the present Caretaker Government can get things passed if need be for the benefit of the people, therefore, they will need to secure it with purchase power., i.e., a new exchange rate.
5-9-2022 Newshound/Intel Guru Walkingstick Question: “Do you think the rate will float to hit its maximum within say 6 to 8 months?” No way, it’s still a developing country. It could take a couple years.
5-9-2022 Intel Guru Frank26 Is the ISO what pulls the trigger to the monetary reform…NSCN and new exchange rate…? No. But it is a necessary platform to…go international. Then what is going to…[pull the triger]? I’ve told you, ‘Show me a seated government…’
5-9-2022 Newshound Guru Kaperoni If we would like to see the Iraqi dinar go up in value (which I think we all would like), our best bet is for them to build a private sector market economy and allow it to grow over time. Such an event would allow the exchange rate of the dinar to also gradually appreciate.
5-9-2022 Intel Guru MarkZ [via PDK] I am hoping this is our “Boom Week”. I am hearing there will be big meetings on Wed in Iraq with the finance minister and CBI and IMF representatives.
5-9-2022 Newshound Guru Pimpy It always feels like we’re right on the edge of getting there. It looks like things are going in the right direction and then there’s always these little hurdles but at at least they’re not going two steps forward and ten steps back like they used to. Now it’s more like they’re going two steps forward and a half step back every now and then. Still looking good but dealing with a lot of B.S…Iraq is teetering right there at the doorstep. They really are…
5-9-2022 Newshound Guru Militiaman Article: “Saleh and Al-Kazemi confirm support for dialogue in resolving outstanding issues and launching”. A fresh meeting with the President and the Prime Minister today on topics like security, stability solidarity, consolidating ranks and moving towards meeting the national entitlements…These items have serious implications for the future. They are working like a government that has the people on their agenda.
5-9-2022 Newshound Guru Militiaman Their peoples entitlements would come from the reforms that have been promised. That sounds like they are gearing for a change in an exchange rate when using the word entitlements. As exchange rate change will be needed to give the citizens their purchasing power, this year not next…The two having the meeting today, is all a part of the reforms, imo. It shows the solidarity is in tack.. imo