Iraqi Dinar Guru opinions 1-4-2021
Iraqi Dinar Guru opinions 1-4-2021
1-4-2021 Newshound/Intel Guru Mnt Goat Article: “PARLIAMENTARY FINANCE: RAISING THE PRICE OF THE DOLLAR WAS DIRECTED BY THE INTERNATIONAL MONETARY FUND AND THE WORLD BANK AND WITH THE KNOWLEDGE OF POLITICAL BLOCS, NOT THE GOVERNMENT.” the devaluation is a temporary solution, if you can even call it that. It will blow up in their faces, if they don’t now do the project to delete the zeros and reinstate. There is no turning back…
1-4-2021 Newshound Guru Jeff I know there were a fair amount of people that were hopeful that the rate would change December/January because they were under the impression that Iraq’s fiscal year was started January 1st. We haven’t seen the rate change yet…On December 20th they devalued the currency. If they had plans to change the rate in January, devaluing the currency at the end of December would not have served a purpose…the reason why they devalued the currency on December 20th was because they need 90 days to reduce the dinar note count and squeeze more dinar out of the citizens. They need 90 days to do that…Iraq’s fiscal year starts April 1st…
1-3-2021 Newshound Guru Pimpy Article: “Security Council Sanctions Committee concerning Iraq Removes One Entity from It’s Sanction List” Rafidain Bank has the sanctions against it have been removed. This is good news. This means that they obviously have behaved themselves…all is good.
1-3-2021 Newshound/Intel Guru Mnt Goat Article: “IT WILL CREATE THOUSANDS OF JOBS AS IRAQ ASPIRES TO BE THE “MAIN STOP” ON THE SILK ROAD” the “silk road” is not going to happen with a currency that is almost worthless.
1-3-2021 Newshound Guru Pimpy There’s an assumption that the budget has been passed. I’m not sure that’s the case because it says that it’s been received. Article: “Parliamentary Finance receive the budget and reassures employees about salaries”. My guess is that [the budget is not passed] because the agreement between Erbil and Baghdad has not been finalized. Although the part that matters for the budget to go forward has been agreed upon…
1-2-2021 Newshound/Intel Guru Mnt Goat Article: “ECONOMIC WELCOME TO THE DIRECTIONS OF RAISING THE INTEREST RATE ON DEPOSITS” …They are telling us what the CBI is doing with the devaluation. …They need to collect these 3 zero notes and if they can’t get enough of them off the streets they are not going to go ahead with the project to delete the zeros. …they are following the process. So if a part of it is slowed down then they have to wait, but the process is being followed. …the devaluation was a very desperate move on the part of the CBI and they did not want to do it. They were forced to do it in order to get the loan from the IMF to pay December salaries. Also because they got the loan it was conditional on following the advice of the IMF and the World Bank on the next steps to get to the final outcome and reinstate the currency. It may seem all is lost now but the plan is working so far.
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