Iraqi Dinar Guru opinions 4-6-2021
Iraqi Dinar Guru opinions 4-6-2021
4-6-2021 Intel Guru Frank26 Aren’t you impressed, now I know it’s not signed but…we have a budget. Do you realize that we’ve never had a budget since 2003 when we went in there to rescue them. There was no budget. Why? There was no need. Why? There was no new rate. Now all of sudden we have a new budget for the very first time. The president is about to sign it. It’s about to come in and bring in the white papers. Don’t you just find it delicious?
4-6-2021 Newshound/Intel Guru Petra Stopping the auctions…nobody wants to be on the bad side of the equation. I consider it like hot potatoes…You didn’t want to be stuck with the hot potato when the music turns off. The banks are feeling the same way. They don’t want to be stuck holding that hot potato and they lose on the transaction. They’re very very conservative. IOO they are being very wise in holding off on those auction until Monday-Tuesday-Wednesday of next week. There’s got to be a reason for that. Right now the budget has not formally become law because it has not been signed by the president to our knowledge and it has not gone into the gazette. The president has between 3 and 15 days to sign that budget…we have until the 14th for that event to occur. Again, rate before budget. The rate has to be in that budget before it becomes law. We’re in quite a countdown now.
4-5-2021 Newshound Guru MilitiaMan Article: “The currency auction stops for a week as a result of banks’ fear of changing the dollar’s price” They have enough dollar reserves to get them through until a new exchange rate is applied, hence the fear of buying now. We have been told that this would happen in the past. They told us dollars will get scarce before the new dollar will be used again. So by staying out of the market reduces risk. With all the international contracts coming in, they’ll need an international exchange rate applied for to facilitate the foreign exchange with freedom of capital. They also note that the budget will be applied in a timely manner while dealing with the exchange rate. All within this week or so…
4-5-2021 Newshound Guru MilitiaMan Will that rate leak out, maybe not? We shall see. There were articles to support that an exchange rate change is coming. The citizens are getting hammered in respect to goods services, pricing, etc…So, I feel comfortable knowing that the fear of the buying the dollar is a sign of a big change thus the closure of the auction. No one wants to be holding the bag and be on the wrong side of a trade with a big move expected to come.. That can be disastrous in magnitude…Therefore, the planning had to be done down to the wire and that wire got started Wednesday of last week so they say… 03/31/2021. Let’s see what the next 24-96 hours brings!! Real close anyway!! imo, it shall be interesting to say the least! Imo…
4-5-2021 Newshound Guru Kaperoni …There is no RV, it’s not how monetary policy works. All you have to do is read the IMF Article IV Consultation with Iraq to know there is no RV or change in the exchange rate expected…I assure you they’ll be no change in the exchange rate in April, for that matter the entire year…
4-5-2021 Newshound Guru Pimpy …there is a lot of chitter chatter going on with these middle eastern countries…there’s some concern about the current administration being in there…what they hope doesn’t happen is the same thing that happened under the O—- administration…while the United States is having dialogue and meetings with Iraq at the same time they are also negotiating with Iran on their nuclear deal…I’m thinking that a lot of these countries over there…want some type of reassurance…
4-5-2021 Intel Guru MarkZ [via PDK] [Mark do you think Iraq will RV first or do you all countries will go together after this weekend.] I believe we all go together…iraq is positioned to go by itself if we do not get our heads out of the sand. On the RV front…over the weekend…some audio straight out of Iraq…They are taking about changing the value of the dinar and the reforms. What they have done and what are doing… This is real and this is coming…. On the RV front I did not expect any news until later on today or Tuesday because the World Banking is shut down over Easter.
4-5-2021 Newshound Guru Pimpy …It seems like every single day the exchange rate is in the news for one reason or another…just be careful about how you’re reading these things…all it is simplified is they’re trying to stop using dual currencies. Just use the Iraqi dinar to help strengthen the dinar…I really strongly still feel that the rate will change before the end of the year…
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