3-20-2022 Intel Guru BobTheTaxMan The only problem we have is – the thing that we don’t know – Is this going to be a free-float or not? Because if it’s going to free-float it’s going to have a lot of volatility…
3-20-2022 Intel Guru MarkZ Redemption center folks are not working this weekend…but got a heads up…they will be working on Monday. What most of my banking sources in Reno are hearing it is going to be early this week. That is what they are being told at this point.
3-19-2022 Intel Guru MarkZ government is still looking to be sat over there before or on Mar. 26…There is a lawsuit on April 4th that will go through IF that exchange rate in Iraq has not been changed yet.
3-19-2022 Newshound/Intel Guru Mnt Goat …the ongoing election saga continues between Maliki gang and the al-Sadr anti-corruption movement…in today’s news we are told they intend to hold the election for the president on March 26th, assign committees and even announce the prime minister…
3-19-2022 Newshound Guru Pimpy There was talk again of the exchange rate. Somebody said ‘Pimpy man did you hear they want to change the rate to $4?’ …They sent me the article…the person said they want to change it to 4-4. No, no if you keep reading that’s actually the date. It’s April the 4th – Not they want to change the rate to $4…there’s just more talk about the rate.
3-19-2022 Newshound Guru Godlover As far as the budget goes…I too don’t expect a fully seated government until after Ramadan, as many articles have stated & the majority of the articles over the years have been proven more accurate than not. I am still wishful thinking the 2022 budget could be sent to parliament after president & pm are elected. Then in theory they could read & vote the budget into law during the cabinet formation/seating. Once the government is set…open the budget.
3-19-2022 Intel Guru MarkZ [via PDK] Article: “The representative of the National Nahj Alliance, Ahmed Al-Rubaie, confirmed today, Thursday, that there is a serious parliamentary tendency to restore the exchange rate to its previous era.” Straight out of Iraq and their parliament about restoring the value of the dinar…That article came out Thursday…So, for all you folks that doubt anything is going on…this is a good one. We have seen an overwhelming amount of articles, paperwork, government filings out of Iraq as they push to get the exchange rate restored…lots of paperwork filed at the UN….
3-19-2022 Newshound Guru Samson Article: “It is the first in Iraq in 17 years…direct flights between Erbil and France”
3-19-2022 Newshound Guru MilitiaMan … as Chapter 7 has been lifted. Reverting back to program rate of 1190 would…likely not ever allow them into the international arena…The amounts of monies to be collected at the ports and borders will be staggering imo and will support far more than 1190 or even 1200…They told us the worth of the Dinar in 2017 was…$1.17 based off only oil. Add in the rest and inflation one should easily see that the REER (Real Effective Exchange Rate) will be a far cry over 1190…It will likely support an era of the Glory Days… of roughly $3.22…
3-19-2022 Newshound/Intel Guru Mnt Goat Article: “THE MONETARY IMPACT OF THE DOLLAR SALE WINDOW” What they are essentially saying here is that you can’t just abolish the currency window (currency auctions) without looking at the full impact as to why they exist in the first place. So, as I have been saying, they can’t just stop the auctions without replacing them with the reinstatement, thus using the dinar and not the dollar for trade. But to do this must create a demand for the dinar.