Iraqi Dinar Guru opinions 3-25-2021
Iraqi Dinar Guru opinions 3-25-2021
3-25-2021 Newshound/Intel Guru Mnt Goat Many of the MPs say they will now boycott the voting process and not vote on approving the 2021 budget except in the case of returning the previous dollar exchange rate to 1200. So as time passes and oil rises, they are making this a contentious issue. So again, I am telling you that because oil is rising and the CBI is still keeping the rate at about 1450 tells us there is much more to the devaluation of the dinar that meets the eye. It is now obvious that it is not all just about balancing the budget and paying off debt…It was also about collecting the larger notes out of circulation in preparation for the deleting the zeros project. This project will mean a revaluation of the dinar to significant levels that we as investors want.
3-25-2021 Newshound Guru Jeff Article: “Legal expert: Parliament legislation is not binding on the central bank” Parliament cannot do anything with the exchange rate. Decisions on the exchange rate can only be made and decided by the central bank…
3-25-2021 Intel Guru Bruce [via WiserNow] …we know…in Iraq – this has been several days ago now – that the dinar was at $1.00 in comparison to the USN dollar…it was on par – same value…in country…You remember when Dr Shabibi said the dinar could support – and that is still where we roughly where we believe we are going to be – on the dinar here – for a while – and then when we are done with our exchanges at the redemption centers and tier 1 banks that’s when the rates will revert back to a so called normal trading rate – same thing will be true for the dong – and other currencies at some point we will be on par against a level playing field with many many countries…
3-24-2021 Intel Guru MarkZ [via PDK] [Do you think we will go earlier then Saturday and the Iraq budget announcement?] Very possible…we have some very key people being moved into place for tomorrow…I spoke to 4 contacts at the Dept of defense…and they are trying to aggregate “oil for dinar” for dinar. So it is getting fun guys.
3-24-2021 Newshound Guru Breitling Where does my math come from? My math comes from calculating on their debt plus 4% GDP growth. In other words they get rid of their debt and they have enough money to get their economy running and encourage a 4% in GDP growth. That’s where I get around a 56 cents range…Iraq says 1 to 1. I say it’s going to be a slow growth from around .56 cents on up. That’s just my opinion. That’s just based on the math…It’s not going to do them any good coming in at .10 cents and if they do it won’t be for very long. They need to go higher…
3-24-2021 Newshound Guru Pimpy I know you guys hearing all kinds of rumors out there that in country they’re already exchanging at 1 to 1. That’s not true. There’s no evidence of that whatsoever…
3-24-2021 Intel Guru Bruce [via WiserNow] What is very interesting is the redemption center staff are going in very early in the morning on Thursday morning at 7:15 – is that early enough for you? To be ready to go to do business at their desks at 7:30 am…So that tells me that we should get…the optimum word – “should”…should be receiving our notifications tomorrow [Wednesday] and setting our appointments for Thursday – and beyond… the good news is that we believe based on 4 separate verifications of timing…4 separate banking institutions that the window that has been put out there for us we are right in the middle of right now…we could get notified with these emails at any time…Without going into it – the fact is there is…an agreement in this that we haven’t had quite at this level in this acute time period as we have right now…
3-24-2021 Intel Guru Frank26 Article: “The Central Bank adds a new feature to the Iraqi banknotes” Quote: “the Central Bank of Iraq announced on Monday, that it has added a feature to protect banknotes from bacteria and viruses to the national currency” If you go to the CBI website you will be able to see when they last printed currency. It was in 2018. It’s the 250’s the 500’s that they are going to be including with the new small category notes…the coronavirus came out in 2020 but…they haven’t printed any new currency since 2018…something doesn’t sound right…this is a marketing ploy…bring me your infected 3-zero notes…says the CBI…We want to protect you…I will give you brand new small category notes with a new value to it against the American dollar…We believe this is a propaganda ploy to bring in as many zeros as possible. I’m impressed with this tactic…
3-24-2021 Intel Guru MarkZ [via PDK] The Iraqi budget vote is still slated for Saturday at 1 pm Iraq time…which we are told should give us our new value. On April first most of their government has agreed to a 40-60% decrease in pay of the number of dinar they will get…So it will have to have a higher value to justify this…it doesn’t make sense…it doesn’t jive…they have to many responsibilities that will require that higher value…i don’t believe they can kick that can any further. We will see.
3-24-2021 Newshound Guru Jeff This weekend nor the month of April Iraq isn’t going to do anything with the budget. They can’t. Iraq’s not going to do anything with the exchange rate because it’s the Central Bank that calls the shots. They’re the ones that are in charge of the monetary system. They’re autonomous from the government. They’re not going to adjust the rate at this time. The rate is going to remain where it’s going to stay because the central bank is using it as a tool to remove 3 zero notes out of circulation up until the point the rate changes.
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