12-29-2020 Newshound Guru MilitiaMan I am sure everyone by now can see the postponements are intentional. They clearly have a goal, a purpose and it is on purpose imo. They are holding their cards (exchange rate) close to the chest as long as they possibly can. It is clear…They are going to update the exchange rate before the end of the year. One can say, well they did already from 1190 – 1460 and one can say they are to do it again based off todays articles from 1460 – 1660. …Hindsight shows they did tell us though one way or another that they are or were going to devalue the currency and also revalue it.
12-29-2020 Newshound Guru Breitling They want to add value to their currency…They want to be able to participate in the markets. They want to diversify. They want to get out of the oil markets. They’re stuck. What are they going to do? They’re going to comply with the United States, the west and our trading…they’re still moving forward…They are going to pay off debt. They’re going to get their payments lower. Then they’re going to add value to their currency. It’s a win, win, win situation for them. That’s their strategy. That’s what they’re up to…this thing is coming down the road. They’re going to revalue their currency…
12-29-2020 Newshound Guru Mnt Goat …The recent devaluation is hoped to accomplish the following: 1) limit the currency auction theft; 2) collect the other 30% of the three zero notes, 3) cause the citizens to buy US dollars by speculating that there will be further devaluation of the dinar soon. This is why they are spreading the 1660 rumor now…Will they devalue the currency yet again to 1660, as the rumors now say and the BIS is suggesting? What would be the impact? I am told this will only happen as necessity prevails. In other words, they want to leave it just as a rumor but if the 1450 devaluation does not work they will go further. THEY MUST COLLECT THE 3 ZERO NOTES prior to the reinstatement!
12-28-2020 Newshound Guru Pimpy Article: “An advisor in the central bank determines its orientations regarding the exchange rate and the possibility of changing it again” …technically what they said [before] was they would only devalue the dinar one time not change the rate…I thought this devaluing of the dinar was only a short-term thing. It just didn’t make sense to me especially since they had so much building to do and how it disproportionately affected the poor. So now it looks like there’s already going to be pressure on them to go ahead and decrease the rate so the value goes back up for dinar holders…
12-28-2020 Intel Guru MarkZ An interesting week for sure in the making. Normally the week between Christmas and New Years is just full of left overs…this week it looks to be action packed. Many more people are returning to their locations throughout the day today… and I hope I can get more news when they get back into place today. This has me really upbeat. Normally they would have all just stayed home …especially the way Europe usually shuts down for the banking holidays over Christmas…If they did not think something was “afoot” they would not be returning to their exchange locations until after Jan 1st.
12-28-2020 Newshound Guru Kaperoni …There are no arbitrary reevaluations or reinstatements…that’s not how monetary policy works…the Central Bank of Iraq has to follow strict rules as well as rules and process from the IMF…This is a very complicated time for Iraq…It’s going to take Iraq several months to get back on track and move forward…
12-28-2020 Newshound Guru Jeff Article: “Employees complain: owners of K-Card outlets in Mosul distribute salaries in dollars at the new exchange rate”. You know what they’re doing? They’re injecting and defusing more of the U.S. dollar to get the dinar out of circulation on top of the fact that they’ve devalued it to squeeze more three-zero notes out of the citizens from their mattresses…this step to reduce the note count needs at least 90-days to be effective…they implemented this step on December 20th exactly 90 days before Kuwait historically changed the value of their currency which was March 24 of ’91. That same day today would be Sunday March 21st of ’21…
12-28-2020 Newshound Guru Breitling What’s happening in Iraq, what’s happening with their currency is only good news…I know people are in panic mode…I’ve got email from people asking “Should I get out? Is this over with?” That’s furthest from the truth. It’s the complete opposite…Iraq is in debt. They want to get out of debt…one of the strategies of getting out of debt is lowing the value of the currency. Then you pay at a lower price. Then when you’re done making those payments guess what? You add value back to your currency. And that is what Iraq is doing…
12-28-2020 Newshound Guru Pimpy Article: “Today, Sunday, relative stability in the exchange rate of the dollar in the local markets” …The rate was changed to 1450 dinars for every 1 dollar but the exchange rate on the stock exchange it’s actually performing pretty good. It bounces somewhere between 1410 and 1430. That means the dinar is stronger than they had pegged. So it’s doing very well in the markets.
12-28-2020 Newshound Guru MilitiaMan The focus is on their reserves and that there is strength to the dinar. The recent devaluation was on purpose for a purpose. That purpose is to have liquidity to support the public finances while they de dollarize the country…Modifying the exchange rate is on the table with House of Representatives this next week, as early as Tuesday – Wednesday… Lets see what they do. imo.
12-28-2020 Newshound Guru Jeff Iraq has now officially announced to us that they have implemented the reforms as of Sunday December 20th when they devalued that rate…they’ve got to change the rate by the end of March…Now that they’ve devalued the Iraq dinar they have now told you they’ve officially started the reforms.
dinarguru.com
