Iraqi Dinar Guru opinions 6-14-2022
Iraqi Dinar Guru opinions 6-14-2022
6-14-2022 Intel Guru MarkZ [via PDK] [What is the expected Dinar rate] Most people expect the RI (Reinstatement) rate (on the conservative side) would be at least in the low to mid $3 range…if they use the NEER Rate (Nominal Effective Exchange Rate) the rate would start at about $1.60 and float.
6-14-2022 Guru Nader From The Mid East …The exchange rate if it happened, happened with the CBI. No body else. No governments. No Maliki. No Sadr. No nobody. Nobody’s gonna get involved in this. It’s the economy and it’s the CBI Bank. The CBI is in change of everything financial…we’re waiting for the CBI. Waiting for the economy to get better. Waiting for the private sector to get stable… politics has nothing to do with this…I don’t think it’s going to happen this year.
6-14-2022 Newshound Guru Kaperoni Within a month or so the IMF will release the latest Article IV Consultation with Iraq which was completed last month and will give us an update on monetary policy.
6-13-2022 Newshound Guru Samson Article: “New details about the upcoming framework meeting.. Al-Sadr’s negotiating committee to reverse the resignations”. Quote: “the meeting that will be held by the leaders of the framework, will discuss a number of proposals to solve the political crisis, including the formation of a committee whose mission is to discuss with the leader of the Sadrist movement, Muqtada al-Sadr, to reverse the decision to withdraw.”
6-13-2022 Intel Guru MarkZ [via PDK] I am still being leaned on to not share specifics of who is where for security…there are certain timing things I am still being asked not to share. Does any of this decide our timing…I don’t think so…but I will keep playing their game because we are seeing progress. News from Iraq is up and down…lot of conflicting article about Sadr, the blocs etc…let it play out. It should all come together in the next 24-48 hours.
6-13-2022 Newshound Guru Tivon Article: “The crisis of the value of the Iraqi dinar against the dollar .. Are we facing a breakthrough?” Why would this particular guy figure now is the time to seize the opportunity to correct the exchange rate of the Iraqi Dinar? Maybe because the hard currency reserves is approaching full coverage of the dinar? Maybe because Baghdad now has the oil contracts in the “Food Security Law”…?
6-13-2022 Newshound Guru Tivon Maybe because they also have customs and the borders under full control which adds to theirs revenues? Because now that the Food Security Law basically covers the local market where the governorates can subsidize products and sell them cheaper to the citizens materials will not be affected if the change the exchange rate because what did Mazhar Saleh state? That the hard currency reserves will protect Iraq against any future inflation…
6-13-2022 Intel Guru Frank26 Where we used to be miles away IMO we are now inches away. Not so much from an announcement of a new exchange rate but of an announcement from these [new ATM] machines.
6-13-2022 Newshound Guru Militiaman Article: “Al-Halbousi accepts the resignations of the Sadrist bloc’s deputies” The resignation of the largest bloc puts Kahdimi and Saleh in office for an additional two years. They’ll from the looks of it dissolve parliament. That move takes away the immunity for those that have committed corruption against the state.. Sets up the stage for early elections and finishing up 2 years of power for Kahdimi at the helm as Prime Minister…I imagine this next week is going to be eventful lol
6-13-2022 Intel Guru MarkZ [via PDK] [I want to hear from MarkZ why 70 percent of the legislators in Iraq all at once up and resigned!] …It was their intention to force the government to be sat…this is not a negative…it’s a gigantic positive…they are forcing a conclusion to all the gridlock… they are moving quickly to a culmination of events. With the bloc of parliament resigning…no longer have gridlock and they have already paid Iran for their electricity. I think we will see a lot of news out of Iraq in the next few days now that they are off “stuck”.
6-13-2022 Newshound Guru Samson Article: “Al-Halbousi accepts the resignations of the Sadrist bloc’s deputies” Quote: “The Speaker of the Iraqi Parliament, Muhammad al-Halbousi, approved on Sunday the resignation of the Sadrist bloc’s deputies, shortly after a directive issued by al-Sadr to his deputies in this regard.”
6-13-2022 Newshound Guru Kaperoni …as long as Maliki has power there’s a chance that nothing’s going to happen in Iraq. And it seems to be more and more coming true. He has now pushed Al-Sadr out of the political process. Not good.
6-13-2022 Newshound Guru Sandy Ingram Article: “Iraqi MPs Loyal to Muqtada Al-Sadr Resign” Ok people this is no longer just talk…Iraqi lawmakers loyal to the popular Al-Sadar resigned from parliament in order to break the country’s political deadlock…the question now is who will fill these seats. What does the constitution say about empty parliament seats? Will parliament elect a new government by this time next week?
6-13-2022 Guest Guru Zig [Kuwaiti Dinar Community Member Story] “…I was working in Riyadh in 1989 for a developer, and Amed, my boss, was telling me of a ‘rumor’ that Kuwait was planning to ‘adjust’ their currency… Remember, Iraq was attacking Kuwait ‘s oil wells… Well with the help of USA & international assistance, adjustments were about to take place… I never heard the RV by name, just an ‘adjustment’… Their currency at that time was .05… While there I bought quite a bit of their currency, quite a bit in Riyadh … I was back in Honolulu around March when my currency broker from the past called me at home…
6-13-2022 Guest Guru Zig …and mentioned that Kuwait ‘s currency adjusted to a higher value, 3.47 USD… I called my bank, Bank of Hawaii, and they confirmed… So I went with my bills and cashed them in… I had to show my passport with the date when I was in Egypt … it was my former boss in SA that called about their RI/adjustment then I went through his broker… It went from 0.05 to 3.47 USD… It was just an exchange, no tax. … There is more to the story…It did happen… [NOTE: Consult your tax professionals at the appropriate time to determine the proper tax for your unique circumstances.]