Iraqi Dinar Guru opinions 4-16-19
Iraqi Dinar Guru opinions 4-16-19
4-16-2019 Newshound Guru Sunkissed Article: “76.89 trillion dinars value of deposits in commercial banks” WOW!!!…HUGE HUGE statement: “…in addition to Iraq rid of the financial crisis that hit in 2014″ They are saying here that they have overcome their financial crisis!! AND the private sector deposits EXCEEDED the government deposits — looks like the mattresses are getting leaner! And furthermore: “the relationship between the citizen and the banking sector is witnessing a significant improvement” The Iraqi’s are TRUSTING their banks! WOWOWOWOWOW! Think about the significance of this for a minute: Would you trust your bank if every. single. dictator. that you have ever had, has stolen your money and gold from your accounts? The CBI and Banks have accomplished GREAT strides for sure!!
4-16-2019 Newshound Guru Sunkissed This is a very BIG article when you break it down. For us:
1. settlement of salaries of employees in the public and private sectors
2. integration of Iraq in the global economy
3. increasing geographical spread of banks
4. electronic payment and their impact in attracting the mass of cash
5. and the launch of deposit insurance
Why would they need these mechanisms AT A PROGRAM RATE? They wouldn’t!! I love this article!!
4-16-2019 Newshound Guru Kaperoni The dinar can never RV…The dinar will float, and will rise gradually over time as investment come to Iraq…not overnight. Be patient. …several good banking articles today including one from the IMF talking about the agreement they have with Iraq to diversify their economy…exactly what we been saying for years.
4-15-2019 Intel Guru MarkZ [via PDK] [Are we there yet?] No not yet. I heard there was a few last things to wrap up… as of this am we went back to an any minute scenario…Expectations are high but the timing is frustrating. Nothing out of Iraq yet this morning…Oil prices going up is probably great for us…just manage expectations on rates…it has to make financial sense… …I suspect the street rate on the Dinar will be…about $4.50…on the dong- I suspect it will be about $2.25… [How long can they keep the rates locked?] I was told would be good for 10 days..so there is about 7 days left yet on locked rates…I am looking for movement damn quick… Banks and my contacts there are still saying this week…I do not think we have to wait for the weekend…I hope to have more news late this afternoon.
4-15-2019 Newshound Guru Whitelions Iraq assures the International Monetary Fund (IMF) that it is adopting a new policy to diversify its sources of income.
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