Iraqi Dinar Guru opinions-predictions2-28-2020 Intel Guru Frank26 …everything is ready to go. All you need is the rate. Because the rate change has to come before or with the budget. It’s that simple…
2-28-2020 Newshound Guru Jeff …since the beginning of the year I basically said…Iraq would take their sweet time because they really had nothing left to do and that’s playing out tremendously within the formation of the government…they are milking the formation of the government. IMO though the formation of the government is done. Complete. I really wouldn’t worry about it…we’re at the end of this ride…it’s all coming together right before our eyes…
2-28-2020 Intel Guru Footforward There has been a shift in the middle east and in Iraq. I hope people can see that. It’s why I believe the RV is coming. Why I say actual progress is finally being made.
2-28-2020 Newshound Guru Pimpy We’ve been trying to figure out if Iraq has the money to cover an exchange rate of $3.20. There’s a lot of good arguments for it. I get it. I really do…but you know the amount of currency that Iraq has issued is way higher than what Kuwait has. It’s not like a little bit. It’s drastically higher. I mean huge. So that really lowers the value of the dinar because they have so much out there. What I’m hoping makes a difference is less than 5% of it is in country. I still think about 90% of it, 92% of it is in central banks everywhere. Not as much as people think are out there in the hands of spectators. I’m hoping that Iraq, IMF and World Bank realize that although there are some that are in the hands of the public but there’s not that much of it. That they could go ahead and take a chance on a higher rate. In order for Iraq to really grow economically they’re going to have to come out with the sweet spot. We know this…
2-27-2020 Newshound Guru Pimpy …I keep saying the rate’s gonna come out about $1.34. I get that people are gonna try to make an argument for $3.20. I could tell you right now that the government of Iraq wants $3.20. They make a good argument for it…when it comes to the oil nations there’s only like 3 countries that are less than I think $1.35. Most of them are all over $1. So yeah there’s good reason to believe this but the point is what does Iraq have to support the rate? …Iraq has to come out at the sweet spot or else it’s really gonna kill them…
2-27-2020 Newshound Guru Jeff …When the rate change occurs the US financial markets are gonna spike up, jump and dance. The markets were already too high. They were risking inflation so they had to bring the markets back down as a correction by the excuse of the Caronavirus so when the rate changes it can shoot back up to where they just came from…
2-27-2020 Intel Guru RayRen98 The vote for Allawi’s cabinet has been postponed…one report indicates Sunday and one report indicates Saturday for reconvening to vote. Iraqi TV is showing a small representation of Parliament members at Thursday’s session. Citizens are angry and took to the streets burning tires and throwing rocks through windows. Reportedly, a quorum was not established due to threats from Sadr’s ministers not appearing at the session. A source reports that 4:00 Eastern today is targeted to possibly reconvene Parliament for a vote. Time Will Tell.
2-27-2020 Intel Guru Footforward The vote to confirm Allawi’s government looks to have been pushed back to Saturday. Doesn’t phase me one bit. Keep praying. This will happen. Of course this is just my opinion and not financial advice.
2-27-2020 Intel Guru Frank26 This past Monday they pushed the button on the 30 day countdown of the formation and announcement and the introduction of the budget and the introduction of the new rate all within that 30 day time-frame. This is all IMO. I don’t know…I wanna say I feel I’m 99% positive about this but I have to be polite and say this is all my opinion because it’s not like I can show you…because I can’t…
2-27-2020 Newshound/Intel Guru Mnt Goat Article: “THE ARRIVAL OF THE 2020 BUDGET IN PARLIAMENT AFTER TWO WEEKS” Quote: “THE MINISTRIES OF FINANCE AND PLANNING WILL SET THE BROAD LINES OF THE BUDGET BEFORE SENDING IT TO PARLIAMENT FOR A VOTE.” Sounds to me they have not yet spent any money from the budget so far for 2020.
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