Iraqi Dinar Guru opinions 7-15-19

Iraqi Dinar Guru opinions 7-15-19

Iraqi Dinar Guru opinions-predictions7-15-2019 Intel/Newshound Guru sandyf …If we are to gain from this venture then it is not going to come from anything Iraq does. How can people talk about Dinar and Dong in the same breath and then think the answer lies with 3 zeros. Hopefully by the time Iraq ever gets around to deleting the zeros, all thoughts of Iraq will be well and truly in the rear view mirror.

7-15-2019 Newshound Guru Kaperoni [via Baxter] …the Article 4 consultation report… is to be released yet this Month…and that should tell us more about where Iraq is at this point.

7-14-2019 Intel Guru RayRen98 Iraq – Iraqi TV is broadcasting that PM Mahdi’s resignation letter is expected in the coming days. Skuttle-butt is abound of Abadi planning on returning to Prime Minister position. [Does any of this overseas “news” really matter to us?] LOL. US – Some bank employees are mandated to come in on Sunday afternoon…say what???

7-14-2019 Newshound Guru Don961 Article: “Paying with plastic? Iraqis weigh pros and cons” Quote: “In Iraq’s cash-driven economy, the Communications Ministry and head of the Central of Bank are getting input on a mechanism that would allow banks and shops to further facilitate the use of debit and credit cards.” …this is where the rubber (er…currency) hits the road…in the marketplace… cool article…dump the rippy old notes with all those zeroes… replace them with new polymer ones that don’t deteriorate as quickly…and give them a value so small change can be made without an issue… give ’em sum coins for the Fil jar to save for a rainy day …

7-14-2019 Intel/Newshound Guru sandyf …Govt does not Drop the zeros…CBI does…Central banks have a limited role in the management of a currency. Changes to the monetary unit or major changes to the currency require government approval. Deletion of the 3 zeros in Iraq will affect the monetary unit and as such will require a Bill to pass through parliament, not going to happen any time soon.