Iraqi Dinar Guru opinions 8-17-2022
Iraqi Dinar Guru opinions 8-17-2022
8-17-2022 Newshound/Intel Guru Mnt Goat There is lots of news from the CBI…They have been very active. Is something being planned? …Overall it seems that there may be final preparations and checks going on with the CBI for some event…we have read announcements that its cash reserves rose to 82 billion USD and will most likely reach 92 billion by the end of this year. WOW…This will be at the level prior to ISIS war and very close…matches what Dr Shabibi had accomplished by 2012, when he targeted Jan 2013 to reinstate…
I am hearing from my CBI source that they are reaching their target. This is yet more evidence…The dinar is NOT on a normal float but the CBI can change the rate at any time.
8-17-2022 Newshound Guru Kaperoni The minister of finance in Iraq resigned…stating his reasons being the inability of the government to implement economic reforms due to the ongoing political bickering. This nonsense never ends.
8-17-2022 Newshound Guru Sandy Ingram After 2 weeks of the sit in of the Al-Sadr supporters at the Iraqi parliament building and in the green zone, Iraq’s supreme judicial council said…it lacks the authority to dissolve parliament…under the constitution parliament can only be dissolved by an absolute majority vote in the house following a request by 1/3 o deputies or by the prime minister with the approval of the president…
8-16-2022 Intel Guru Frank26 The CBI is not waiting on the GOI. The GOI needs to sit down. Once they sit down then you’ll see a ‘confidence’…
8-16-2022 Intel Guru MarkZ [via PDK] Out of Iraq: “With the resignation of the minister of finance-the dollar is falling in the Baghdad markets” What does that mean? It means the dollar doesn’t buy as much dinar. They are very excited with the resignation of Muhammid Allowi. He has been a stickler in the side of allowing this to move forward. He has resigned…We are looking at big happenings over the next 18 hours or so I Iraq…It is very exciting to see what is going on there. The markets there are already responding by weakening the US dollar and strengthening the Iraqi dinar. This is big news guys.
8-16-2022 Newshound Guru Samson Article: “Al-Kazemi assigns the Minister of Oil the duties of the Ministry of Finance as an agency” Quote: “…the decision to assign it will be temporary, and it came after the approval of the resignation of Finance Minister Ali Allawi.”
8-16-2022 Newshound Guru Clare Article: “The Governor of the Central Bank of Iraq receives the head of the Iraqi Media Network” WHY? I WOULD IMAGINE BECAUSE THEY ARE GETTING READY FOR THE RELEASE OF A BIG MEDIA CAMPAIGN ABOUT CHANGES COMING FROM THE CBI…
8-16-2022 Intel Guru MarkZ [via PDK] [I heard there may be a 37% tax off the top.] I am still hearing no taxes… [NOTE: Always speak with your tax advisors at the appropriate time to be sure you’re paying the appropriate tax for your unique situation. ]
8-16-2022 Newshound Guru Sandy Ingram Article: “Iraq Planning Increased Oil Production in “Coming Years” The First Vice President of the Iraqi National Oil Company said that oil production in Iraq can be increased to 5 to 8 million barrels per day during the coming years…Oil prices dropped slightly on last Tuesday over the potential of Iran oil reaching the global markets. This has to do with the Iran nuclear deal.
8-16-2022 Newshound Guru Pimpy A floating rate? I would love to see that. That means the Iraqi dinar would be on the Forex. It’s not there currently but…we would really see then what the true value of the Iraq dinar is because it’ll be dictated by the market.
8-16-2022 Newshound/Intel Guru Paulette IMO “Auctions” stopped years ago and they were transformed to “Currency Sales”….Currently, the Currency Sales are predominantly to cover imports and secondarily to provide adequate USD in the country to keep the rate stable. This is true supply and demand.
8-16-2022 Intel Guru MarkZ [via PDK] …I continue to get information that in Iraq they are preparing for the imminent release …they are very confident that it is “days and not weeks” especially since they moving forward at the CBI. I do not know for certain if we are getting notifications this week. Is there tremendous progress and movement going on? Yes. Is there contractors with some rates? Yes… Do I know what those rates are? No. Can I tell you that at this point it is believed to be extremely close? Yes. But I do not know the exact timing yet. I can tell you there has been tremendous progress and I am excited. I am literally waiting moment to moment to get that call to let me know “it’s time”!!! There has been fantastic news.
8-16-2022 Newshound Guru Samson Article: “The Minister of Finance submits his resignation, and Al-Kazemi agrees”
8-16-2022 Newshound Guru Kaperoni The prime minister’s advisor Al-Jubouri had a great comment today on the dinar, basically saying that the government cannot make a random decision that only supply and demand will increase its value. In other words Iraq’s economy needs to grow and they need to float the dinar.
8-16-2022 Newshound Guru Militiaman CBI told us the 08/15/2022 all banks must be hooked up to the new electronic platform. Why would they need a new platform if they were going to stick around at a 1460 rate? They wouldn’t.. The next stage is going to the private sector…GOI put out all the educational videos over the last week or two.. All for the next stage.. imo
8-16-2022 Newshound Guru Samson Article: “The Central Bank is silent” .. Economists diagnose “disasters” in the currency auction, and beneficiaries: inaccurate”
8-16-2022 Intel Guru MarkZ [via PDK] Still hearing dong around $2.30 and Dinar around $4 bucks. This is the “street value” .
8-16-2022 Newshound Guru BobTheTaxMan The facts regarding taxation on the IQD – It’s going to be ordinary income. Meaning it doesn’t get the favored tax treatment that a capital asset would…the taxes due will be calculated by your person tax bracket and your marital status when you exchange the IQD for the USD…the maximum taxation on IQD exchange would range from about 37% for the federal and then we have California that wants to add 13% [or what your state wants] more so you’re looking at 50% you’re gonna lose… [NOTE – Consult your financial and tax professionals at the appropriate time to build the most advantageous tax and exchange plan for your unique circumstances.]