Iraqi Dinar Guru opinions 3-18-2021
Iraqi Dinar Guru opinions 3-18-2021
3-18-2021 Newshound Guru Jeff Article: “Kurdistan Regional Government announce the suspension of official working hours on the occasion of Nowruz holiday” This is a federal holiday – country wide…Don’t let them fool you. It’s not just a holiday. There’s bigger things happening during this period…on the 21st they will have the ISX shutdown…just so you know that was the same official holiday Kuwait utilized…for Iraq it will be Sunday morning round 7-8am their time when they change the rate…it’s got to be a Sunday… history is repeating itself and Iraq is walking in Kuwait’s footsteps…
3-18-2021 Newshound Guru MilitiaMan Article quote: “Passing the budget bill with the postponement of the vote on the Kurdistan quota and the exchange rate due to deep disagreements about them is impossible.” …talk about the postponement of the Federal Budget Law for 2021 is about the resolving of the exchange rate until a final agreement in that regard. Then look a bit further they have it ready and it is inevitable. So to have it resolved means they have already decided the exchange rate. They have agreed to…21-50% deductions in pay… All projects are stalled until the exposure of the rate…imo… This data supports we are all in a good place… There is no way the Kurds would agree to deductions in salaries without an exchange rate to support it and that off sets the loss. Gear up it is getting real!…imo…
3-18-2021 Newshound Guru Pimpy I don’t do dates. I don’t do rates…I went in and speculated. I would say based on information I can make an argument of why it might be here or why it might be there…they thought it would be somewhere around $1.37…you can speculate about it all you want. I made arguments for a rate as high as $3.22 and I’ve made arguments for a rate as high as a nickel. It really depends on a lot of different things. That’s why we pay attention to the news because all these things are factored in what this rate can be…
3-18-2021 Intel Guru MarkZ [via PDK] [Mark do you still believe that this month we will have the RV released?] Yes I still think this month still…
3-18-2021 Intel Guru Bruce [via WiserNow] …the two days that Iraq can posts their rate or their budget on their official document…which is the gazette…on a Wednesday or Saturday…however…they can publish on line on any given day…
3-17-2021 Intel Guru Frank26 Phase 2 – a second rate change…higher than 1 to 1? Yes. [IHO] $1.45…how long will it take to collect the 3 zeros before the citizens have a second rate change increase? I don’t know…IMO it’s the same amount of time that they gave them to turn in the 50 dinar note…Is that second rate increase only domestically or domestically and international? It’s for both sides.
3-17-2021 Intel Guru Frank26 I’ll say this, when they do reach that benchmark, we walk into phase 3…conclusion…an area which we say all 3-zero notes that have been withdrawn from circulation allows them to finish their monetary reform and establish REER. 1 to 1 is not the Real Effective Exchange Rate and nor will [phase 2’s possible $1.45] IMO. This country is too powerful. I have no idea what this [REER] is…
3-17-2021 Intel Guru Bruce [via WiserNow] …things are relatively quiet – and I think we have a pretty good idea that is there for a reason – that things have slowed down and seem quiet because we are just about there – at least that is what we hope…we are hearing that we should be looking for notifications based on a…source…that is very high up…very strong bank source – suggesting that tomorrow [Wednesday] afternoon would be a great time for us to be notified…in preparation for exchanges on Thursday…the 18th…we don’t know for sure how soon we would start the exchange but I think if we did receive notifications tomorrow [Wednesday] Thursday is definitely in play for us…
3-17-2021 Newshound Guru Pimpy …you get people out there saying, ‘Hey, I’m going to get you a special contract rate.’ Does that make sense to you? You think there’s a contract that some group of people are going to get a special rate more than other people for whatever reason? Does that make sense? …if a bank gave groups of people different types of rates that would be a violation of the law. We’re talking about banking here people. You can’t just hand pick what rate each different group of people get…there has to be some consistency there…nobody is going to get you a special contract rate…
3-17-2021 Newshound Guru Jeff What’s the #1 thing that they’re hiding from you….? It’s the budget…why is the budget so important? What does it mean? What does it signify? The reason I put a linchpin on it is because the budget itself is the linchpin to the rate change. That’s why they’re playing the games in the media…when they finish the budget on Saturday the 20th IMO they’re probably going to change the rate about 24 hours later.
3-17-2021 Intel Guru MarkZ [via PDK] [From everything I’m hearing from Iraq- looks like they are going back to a 1200 dinar to the dollar.] I don’t think so…it would not fit their budget and goes against everything I am hearing in Iraq now…..also keep in mind when you see this stuff…..its exactly what we were hearing in Kuwait before they revalued….and exactly what we saw in China before they revalued last time…don’t let that shake you…
3-17-2021 Intel Guru Frank26 You’re going to have the new small category notes that will be given to the citizens and they will coexists with a specific amount of 3 zero notes…as they get phased out inside of Iraq, they get phased out outside as well…5 or 6 years ago the 50 note was cancelled by the Central Bank of Iraq – they gave everybody 90 days. So you had 90 days to turn in those 50 notes…
3-17-2021 Newshound/Intel Guru Mnt Goat Article: “MEMBER OF PARLIAMENT: PARLIAMENTARY SIGNATURES SUBMITTED TO RESTORE THE DOLLAR’S EXCHANGE RATE” More pressure but many of these PM also want the project to delete the zeros and not just to go back to 1200 rate. They want at least a 1:1 and the lower denominations to come back.
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