Iraqi Dinar Guru opinions 9-16-17
Iraqi Dinar Guru opinions 9-16-17
9-16-2017 Intel/Newshound Guru payray Article: “Central Bank to Tackle Hoarding of Iraqi Dinars” Well, just like in football.. If you want to stop the offense, the defense has to play smart, and aggressive… Well, placing a larger value on the dinar compared to the dollar would certainly be deemed a great strategy as far as pulling in those large notes… I believe this is the reason that the governor of the CBI has been harping on this subject this past week… They already know what has to be done, and will enact this defense…
9-16-2017 Newshound Guru MilitiaMan Article: “For economic reforms and upgrading of banking institutions” Very good article and one point of many it is they used a gold component to the dinar valuation…in the past and it shows on the CBI website they will again too, imo. They had a value of $3.20 then and talk now of $1.20. Either way it is a good thing.. imo.
9-16-2017 Intel Guru Frank26 [If cbi changes their rate and notifying those non banking institutions around the world, they should be able to quickly synced up with the cbi, of course imo.] Indeed…IMO…Iraq is multi tasking…The SPEED of the MR [Monetary Reform ?] LAVA FLOW is impressive. IMO…Never seen this Speed of Light within Iraq. Fast…Faster… FASTEST!
9-16-2017 Newshound/Intel Guru Mnt Goat The CBI and the IMF are working very hard to roll out this revaluation. There is absolutely NO REQUIREMENT to post the new rate in the gazette to make it effective. In fact the rate will be published on the CBI site and listed on the global currency exchanges, and that’s about it… there is absolutely no requirement to post a new currency rate in the budget or in the gazette.
9-15-2017 Intel Guru RayRen98 Iraq told the people that it would revalue the currency in September, and Abadi announced that ‘economic reforms are complete’. We don’t know exactly what the means, so we’ll just have to wait and see how that applies to us. …it’s status quo apart from waiting for the bank screens to be reset. That happened, and new screens populated but no one would say what the rates were. Then the rates surfaced…Now, the rates are on the screens for (select) people to see, and now it’s being reported that the rates are LIVE rates, and it is anticipated that we should be able to do something with these live rates.
9-15-2015 Intel Guru RayRen98 It’s my understanding banks are on high alert for next week’s activity, gearing up and getting ready. Iraqi television is still looping their information about lower denominations and electronic banking, so that gives us a lot to look forward to next week. I am looking for things to pop out information-wise through the course of this weekend. All roads are pointing towards a good probability for next week – it’s not guaranteed, but the information suggests a good probability.
9-15-2017 Intel/Newshound Guru payray Article: “Three quarters of the money out of the banks. Central and calls for investing.” So many articles coming out about the need to somehow get the hoarders to let go of their dinar’s, and invest this week… This is a great sign simply because it indicates they do intend do to something about it… Here is the thing… Once they do raise the value of their currency, and give the people purchasing power, it will encourage spending… And of course these business’s taking what has been spent in their establishment’s, and placing them in them in the new Iraqi banking system… One that will be more efficient, and convenient for them…
9-15-2017 Newshound Guru MilitiaMan Article: “The Iraqi Central Bank participates in the ninth conference of the International Alliance for Financial Inclusion” Well well. This sure looks like they are about to roll out the red carpet for a new power house in finance for the region. Going on now through tomorrow. I noticed parliament is in session for tomorrow on the Kurds.. hmm.. man is this getting good!!
9-15-2017 Intel Guru Bruce Many of you know that Prime Minister Abadi and a couple of other Dignitaries were here and they went up to New York to speak to the UN. I did hear that Iraq did initiate their monetary reforms 4 days ago in Iraq. We were looking for an announcement to reflect the new rate. We believe the Gazette did come out yesterday with the rate, I don’t have it exactly yet. I am not for sure it got released or it will be release Saturday as far as the new rate. Iraq is done. They are moving along well and that will bode well for us in the very near future. We are very close to this going. I hear some things about any day now, and I feel good about that.
9-15-2017 Newshound Guru G-Lin Article: “For economic reforms and upgrading of banking institutions” IN A NUTSHELL, WHAT THEY ARE SAYING IS: For more than four years, officials in Iraq talk about a project for monetary reform through which the exchange rate of the Iraqi currency against the dollar so that the new dinar is equal to 1.2 dinars to the dollar instead of 1,200. But the move was postponed until a later time because of the exit of some areas of Iraq from the control of the government after the occupation «urged» them. Military operations began to recover these areas, which still exist. The Government is expected to return to the same project after the end of military operations.
9-15-2017 Newshound Guru G-Lin Therefore, it is not possible to cancel the “dollarization” of the Iraqi economy by administrative decision or by administrative orders from the monetary authority, but the phenomenon will gradually disappear because of the reasons that led to it, ie after the monetary reform referred to above, because the dinar will then become an easy mode of trading and a store of value that avoids using the dollar. Raise the value through monetary reform to 1.2 and the hoarding will disappear.