Iraqi Dinar Guru opinions 10-29-17
Iraqi Dinar Guru opinions 10-29-17
10-29-2017 Intel Guru RayRen98 From Friday’s reporting: PM Abadi sends in troops to take territory held by Kurds after refusing to accept any offers other than the cancellation of Kurd action and full respect of the Iraqi constitution. This civil war resulted in some bloodshed and loss of life. An Iraqi bank source shared that once Iraq is fully liberated, the new rate of $3.71 (or possibly higher) will be self-evident everywhere and that it is already “in place” waiting for public release. Abadi is steadfastly targeting mid-November or later for full liberation announcement however the military is accomplishing objectives ahead of projected schedules.
10-29-2017 Intel Guru RayRen98 Saturday reportings: Iraqi TV reported that the Kurds were given 4 hours to concede and stand down or fighting would resume…US officials are not happy about that decision…With liberation efforts starting on Thursday, a military spokesman has stated that in the coming hours the total liberation of Rawa and Al-Qaim. (That was fast! …or was it?) Hours later – The Kurds have agreed to concede and stand down without further incident within the 4-hour ultimatum. (End of any civil war) Barzani is “supposed” to be stepping down by November 1, 2017.
10-28-2017 Intel Guru RayRen98 This is a good situation to be in, even if we have a little bit more of a wait. It could be to our advantage to wait until the first of the year to do our major exchanges, based on the tax implications It might be a silver lining, a blessing in disguise. We don’t know that yet.
10-28-2017 Newshound/Intel Guru Mnt Goat Barzani has not yet resigned as of …Oct 27th.
10-28-2017 Intel/Newshound Guru sandyf I have no doubt that most will have heard at some point the gurus refer to the MCP or Multi Currency Practice. …It has absolutely nothing to do with currency auctions or using USD in Iraq. The MCP that the IMF have listed as as an exchange restriction on Iraq is to do with the settlement of international invoices. Suppliers are submitting invoices to Iraq in their own currency and the Iraqi importers are paying the invoices at an exchange rate that deviates by more than 2% from the governments fixed exchange rate. The IMF have requested that Iraq put some mechanism in place to prevent this happening. Companies that are having to pay over the odds to obtain foreign currency are trying to pass the loss on to the suppliers. Although allowed under Art 14 this would be in breach of the requirements of IMF Article 8.
10-28-2017 Newshound Guru G-Lin Article: “Banking relations between Iraq and Saudi Arabia strengthen the role of the private sector in the economic decision” …what is interesting is that this goes against Maliki and Iran. Maybe the U.S. has told Abadi that M’s days are numbered. …it seems Abadi has stepped up to plate on economic activities that would open Iraq up to the world and let the people reap the wealth of their country. Something M and Iran have never allowed.
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