Iraqi Dinar Guru opinions 11-1-2022
Iraqi Dinar Guru opinions 11-1-2022
11-1-2022 Newshound/Intel Guru RVAlready If the CBI considers Iraq stable enough, they will release the RV. The RVs will improve stability in the region. The UN is pushing this release. The CBI has had plenty of time to prep for this. They should let this go soon…I think the UN and IMF have given the CBI the green light…
11-1-2022 Intel Guru MarkZ [via PDK] News out of Iraq is all over the place. Seems to be status quo right now with politicians, leaders and finance ministers…but don’t take this as a bad thing. Part of them are saying”no,no, no –we can’t do it now” and part are saying “We are absolutely doing it now” This is what we expect. We saw the same thing out of Kuwait…this is playing out exactly as expected. We have to somehow keep our calm and our patience as we work through this.
11-1-2022 Newshound Guru Samson Article: “After the fluctuation … Assurances that there is no step to change the exchange rate of the dollar against the dinar” Quote: “The exchange rates of the dollar against the dinar continue to fluctuate in the local market value…amid speculations from some parties that the Sudanese government will reduce the rate, although all the assurances refer to finding economic solutions and not changing the exchange rate.”
10-31-2022 Intel Guru Frank26 Article: “The European Union for the Sudanese: We support the implementation of the announced reform program and the fight against corruption” SO DOES GERMANY, SO DOES THE UK, THE USA, SAUDI ARABIA, CHINA, EGYPT, JORDAN, TURKEY, KUWAIT, SOUTH KOREA, EVERYBODY IN THE WORLD SUPPORTS WHAT IRAQ IS DOING.
10-31-2022 Newshound Guru Militiaman Article “Taif Sami assumes her duties as Minister of Finance” We have the Finance Minster all set and ready to get financial work off and running under the new government. Good deal, she will be working in tandem with the Central Bank. What timing…
10-31-2022 Newshound Guru Pimpy All the chitter-chatter about the change of the Iraqi dinar exchange rate, it’s just all talk for now. Once the government…start to do their jobs we’ll find out quickly within a couple weeks, maybe even a month at the very latest if they were sincere about changing the exchange rate. I would imagine when it comes to Maliki and his sidekick they are looking forward to changing the rate back because that’s how they make quick money. My guess is it’s definitely going to be one of their priorities…
10-31-2022 Newshound Guru Clare Article: “Al-Sudani meets with the Governor of the Central Bank” VERY IMPORTANT IMO!
10-31-2022 Guru Nader From The Mid East About the exchange rate – you see it back and forth, back and forth. One day yes. One day no…One day the CBI comes and goes, ‘We’re ready to change…’ and other one comes out and goes, ‘It’s going to hurt the economy if we do this and that…’ Whatever you hear from anybody, I’m not gonna say it’s bullshit but it’s just a guess… Nobody knows what’s gonna happen…me, I say the solution is put it 1 to 1. Let’s see what happens. If it works good, you can go up. If it works bad, go back down…I think it’s going help the economy…because you don’t have to deal with million and million of dinars…
10-31-2022 Newshound Guru Kaperoni There are only two options for Iraq pertaining to the dinar. They either redenominate/LOP reducing the currency from trillions to billions which is a neutral event no gain/profit or they gradually raise it over several years as the economy grows reducing the money supply.
10-31-2022 Intel Guru MarkZ [via PDK] Interesting stuff over the weekend. A huge amount of chatter from the redemption centers about them starting work today. I don’t have an update today but as of yesterday they had a huge hopes for the possibility of starting as early as today…this is exciting. There is interesting stuff coming out of Iraq. And some back and forth stuff from Iraq… the reality that nobody knows the exact timing.
10-31-2022 Intel Guru Frank26 There are two ways of looking at the 3-zeros…What happens when they say, ‘we’re going to drop the 3-zeros?’ Do you think they’re going to get a pair of scissor and they’re gonna cut that out [the 3 zeros on a 25000 note]? There’s your 25? …When you drop the 3-zeros from the exchange rate [.0008569] you’re left with .85…When you take your physical 3-zero notes 25,000, 10,000, 5000, 1,000…they’re not just gonna cut them [the zeros] out.
10-31-2022 Intel Guru Frank26 They’re going exchange them for the rate …and give it to you in your savings account. When you drop the 3-zeros, you drop them off the exchange rate [.0008569 becomes .8569]. That’s very close to being 1 to 1 right there…’but Frank I got a 25K note and if they drop the 3-zeros and it’s 1 to 1 then a 25K is $25,000…and because I live outside of Iraq I can exchange it for the international rate. That’s how I get my capital gains.’ Yeah!
10-31-2022 Newshound Guru Samson Article: “A leader in the framework: The dollar exchange rate will be reviewed within 60 days” Quote: “Studying the issue of re-exchange of the dollar is one of the priorities of the Sudanese government.”
10-31-2022 Intel Guru MarkZ [via PDK] [When all we hear about is Iraq- What makes you think the other currencies will go too?] The only reason we hear so much about Iraq is they are the canary in the coal mine…. It’s the easiest one to track. But there is a lot of pressure for the dong and others to go at the same time.
10-31-2022 Newshound Guru Pimpy We’re saying goodbye to Al- Kazemi …[he] turned over all control and powers to the new prime minister Al-Sudani… in his speech you could tell that his is preparing himself for which is to come and that is the coordination framework is definitely going to go after him. They’re going to accuse him of being corrupt…and try to charge him. Maliki is not thrilled about that fact Al-Kazemi attempted to investigate him…Al-Kazemi is already restricted from being able to leave the country.