3-9-2020 Intel Guru Footforward [Question: You don’t think that this level of price drop endangers an RV? Hard to believe that Iraq could come out at a decent rate with this sort of price plunge on oil.] I see it pushing the financial crisis in the middle east to a breaking point where they have to RV. They will have to make a deal with Saudi Arabia on oil prices to make that happen.
3-9-2020 Newshound Guru Pimpy …because of the coronavirus crude oil is tanking, just like cryptocurrencies. Just like the Dow. These things are getting killed. Just getting annihilated…it dropped to $45 I think right now. It might have dropped a little bit more…between the protestors and their government and the PM I don’t know how much worse it can get for Iraq. It’s just at its worse…this actually might be good for us in the Iraqi dinar community…let’s just hope that oil prices keep going down and maybe that might trigger something that we’ve been waiting for…if ever a time before where Iraq needed a rate change to happen it’s definitely now…
3-9-2020 Newshound Guru Breitling …the coronavirus…I’ve literally had people go nuts on me…here’s the thing it’s completely opposite. The markets are driving oil prices down. The demand for oil is going down. Therefore Iraq is not bringing in enough U.S. Dollars to cover their budget and the solution is to add value to their own currency which is undervalued anyways. What do you think the coronavirus is gonna do? Do you think it’s going to stop that or accelerate that? …the reality is for Iraq, if it puts pressure on their economy, then it’s going to lead to our advantage. They need to add value to their currency to make up for what’s being lost market wise..
3-8-2020 Newshound Guru Adam Montana …I think they did want over $3 at first, and there was a small chance it could have happened. Now that time has passed, and more people (and institutions) are aware of it and have had time to prepare, they will have to keep it to a dollar or less.
3-8-2020 Intel Guru Footforward Suddenly people are talking about how Iraq’s economy is in trouble. The puzzle pieces are coming together so well. Without an RV Iraq is in big trouble.
3-8-2020 Intel Guru Frank26 Question IYO could the concern of the coronavirus spreading via handling old IQD hasten the issuing of the new lower denoms? …in the last 4 or 5 days with my teams we’re considering now the CBI is now using the coronavirus as part of their strategy for the reinstatement of their currency. And for the announcement and the education..
3-8-2020 Newshound Guru Breitling …I get emails from people asking what rate would you get out at? We know what they want. At a minimum they want to get to a dollar. Back in the day they wanted to get to $3.25…There’s no way to know. That’s why I suggest that it’s very important that you know what you want. You got to buy a house. You want to pay off your house. What are you gonna do? That will give you your best measuring stick that you need to be able to exchange and at what rates…we’re speculating on a real opportunity…
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