Iraqi Dinar Guru opinions 12-31-19
Iraqi Dinar Guru opinions 12-31-19
12-31-2019 Intel Guru Delta REPORT IS OUT FOR NOV …CBI DID PRINT CURRENCY ON NOV AT THE COST OF $35,006,954 WORTH…800,182,960,000 DINARS.
12-31-2019 Newshound Guru Jeff …Iraq through the year of ’19 has showed you a lot of articles showing if they were to change the rate right now because they are pegged to the dollar that the new rate they’d achieve would be “$1 plus”. In order for them to achieve a “$3 plus” rate they have to have to do what Kuwait has done. They have to un-peg from the dollar and re-peg to a currency assortment basket…
12-31-2019 Newshound/Intel Guru Mnt Goat So the news today is still all about the Iranian influence in Iraq and the chaos it is causing. Finally, the US forces took action against them. The protestors support this action. Some Iranian backed politicians, of course, did not like and so spoke up. But this will all change and sooner than later. It may take an escalation of the US forces to push them out… What will happen? Whatever does happen must be met with support from the GOI and parliament.
12-31-2019 Intel Guru MarkZ The Iraqi run on the US Embassy guys…can you blame them? I do not think this is a negative for us…I think this is positive for us. The Iraqi people are being held hostage monetarily while America screws around getting things done or not done…Iraq is ready…has been ready…They have done what they needed to do to revalue their currency…they are beyond frustrated.
12-30-2019 Newshound Guru Jeff Article via ZazaZoom “Parliamentary Finance: The Government will proceed with the interim budget” …there are a whole bunch of gurus talking about new rates and everything coming out around January 1st. If they were going to complete the budget and put out a brand new rate January 1st they would not be doing a temporary budget or interim budget. This is the third article I’ve seen talking about this…
12-30-2019 Intel Guru MarkZ I believe we will be in a great place again starting sometime today. With people getting back into position I am very excited about this week. The reset has been started…imo .they will not be able to stop it now…
12-30-2019 Guest Guru Tekmouse [Response to Frank & Delta Post 12-29-2019] The M0 is not the value of their currency alone. An M0 INCLUDES the country’s money in it. If you had $10,000 in the bank your personal M0 would not be $10,000. It would be whatever your car, house, plane cash, portfolio etc is COMBINED…The M0 is the value of their assets. They’re [Iraq] freaking rich. It’s even more significant that they went from 50 trillion in total to 5 trillion in total. 5.1 trillion Currency issued by CBI is lower than Jan 2004, which was 6.1 trillion. The value of the currency is factored greatly by the amount of notes…The CBI stated they need to REDUCE the note count to 3 billion notes to get to their $1.17, per their foreign policy. They were at 22 billion at one point and then they were down to 9 billion 5 years ago.
12-30-2019 Guest Guru Tekmouse Reducing the amount issued to 5 tril limits the amount of notes that it can be. If you take the time they stated they had 9 billion notes out there, their ‘Currency Issued by CBI ” was approx 40 trillion. So divide the 40 trillion by 9 billion notes and you get the average note value. Take that same note value, as a closest guess based on historical data, and divide it by the current 5.1 trillion ‘Currency Issued by the CBI’ – so 5.1 tril divided by 4,444 is 1,147,614,761 notes. A SWAG, if you will. But eh SWAG is below the 3 billion notes required to reach $1.17 and close to the 1 billion notes required to reach the CBI’s desired $3.25…
12-30-2019 Newshound Guru Jeff Article via ZazaZoom: “Parliamentary Finance: The Government will proceed with the interim budget” …The reason why they’ve never done an interim budget but they would now need to tells us they’re most likely transitioning to a different fiscal period and they would need some kind of temporary funds to cover them for the period of time that the main budget is not covered…historically in the 70’s their fiscal year went from April through the end of March. Identical to Kuwait’s…
12-30-2019 Newshound Guru Jeff …In order for Iraq to have a rate greater than $1-plus and go up to $3-plus they need to un-peg from the dollar and go to a new fiscal year. Then they would have to be pegged to a currency assortment basket to achieve a rate greater than $1. That would most likely transition them to a different fiscal period and that would suggest to us why they’re doing this temporary budget..
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