Iraqi Dinar Guru opinions 2-5-17
Iraqi Dinar Guru opinions 2-5-17
2-5-2017 Newshound/Intel Guru BGG …I hope conditions remain on the gain so the CBI and the GOI can get started with the economic and currency reform program in the first part of 2017 (as they have already forecasted). I doubt Trump has much to do with this. In fact, if he will have anything to do with it – he will obviously want Iraq pulling their own weight and at a real currency rate. He has plainly said he is not OK with countries operating at artificially low currency rates. If we haven’t learned anything about Trump – we should have learned that he speaks plainly and pretty much is going to move ahead on the things he has said he would. One of these items is “world currency parity” – he’s harped and harped and HARPED on this. There isn’t a single authority on the subject who doesn’t agree that Iraq’s currency value is vastly undervalued. They want this fixed. So relax. This in on the way…
2-5-2017 Newshound Guru firefly The WB clearly stated that Iraq is one of the richest countries in the world folks! Now why would they say that! Not to mention that Iraq has been Basel 3 compliant for a while now. Why did Iraq double their reserves is what you should be looking at.
2-5-2017 Intel/Newshound Guru tman23 CBI has not doubled their reserves…Quite frankly…They had to borrow/bonds 1 billion from the USA just to keep them from further depleting the reserves…which had citizens in panic that the IQD would devalue more…So the CBI says…everything is good, dinar is strong…NO PROBLEM HERE…The main income for Iraq is oil and that is WAY LESS THAN IN PAST YEARS…IMPOSSIBLE that the CBI could double there reserves…[If that is the case why would the WB name them as the richest country in the world?] “ONE” of the richest countries in the world…Because they have large oil deposits…rich soil for agriculture…and a huge potential for mineral mining… Resources is what the WB was eluding to…because resources are assets…
2-5-2017 Newshound Guru Kaperoni Article: “Iraq confirms his efforts to join the World Trade Organization” I have never really cared much about the WTO except for that fact it motivates Iraq to currency reform. Once the CBI reform starts, we all will decide the appropriate time to sell our dinar.
2-4-2017 Intel/Newshound Guru Mnt Goat The Iraqi economy can not move in the direction they are planning to move it without first getting out of the sanctioned economy and getting off the “artificial” currency. Will it happen soon? Yes- and the CBI itself has told us all this will happen in EARLY 2017. It is now just February and we still have almost 2 months to go to qualify to still be within the reach of the EARLY 2017 timeframe. There is nothing else except watching them put together the needed laws to support the economic and financial reforms, then they will need the liberation of Mosul, but most importantly the Security breach in Iraq must be resolved.
2-4-2017 Intel/Newshound Guru Mnt Goat I have told everyone keep a watch for the launching of the lower denominations. This will begin the RV. This is in FACT the ONLY way they can begin the RV process. So the CBI must take this process slowly and let it evolve. Yes-there is a plan and they are executing it. The next step is yet to come and we will see it shortly. THEY HAVE TO DO IT SOON! THEY TOLD US THEY WILL DO IT SOON! This is all FACTUAL based information from the CBI itself.
2-4-2017 Newshound Guru wmawhite Article: “…the news is wonderful and great , but i really do not see a change in value soon…” If the CBI gave you a forecast of a change in value, would that enable you to see a change in value soon? Because…the CBI has done exactly that.
2-4-2017 Newshound Guru Kaperoni Article: “Iraq and the United Nations sign an agreement to establish a fund to finance the “economic reform” I believe Iraq is coming to a crossroads in a few months. Once Mosul is clear, there are no more excuses to not build a market economy. And under the current circumstances, Iraq has little choice but to pass the laws and open the banking system. The other option is not good since Iraq cannot even make payroll under the currency revenues and oil dependence. They will need to put people back to work to rebuild and develop the economy very soon or this could all start another cycle of violence and instability.