Iraqi Dinar Guru opinions-predictions4-21-2020 Newshound/Intel Guru Mnt Goat We know there has been and still is an ongoing effort by the US to cut off Iran from Iraq. …unless this happens we will see no RV (reinstatement). So now we see the militias backing down…and we read about the lack of agriculture imports from Iran as Iraq is now growing their own foods. Now we see the electricity cutoff too something we also have been reading about for years when GE and Semans had contracts to rebuild the power stations and get them back online. We…also see the enforcement of the new currency auction procedures which is hoped to prevent funds from going to Iran. This is all very good for us…
4-21-2020 Intel Guru Footforward Wow…Black monday? Referring to oil. [I’m no expert at all, but are we witnessing a flash crash?] I don’t know for sure, but either way this puts pressure on Iraq.
4-21-2020 Newshound Guru Jeff …from the ISX website they’re clearly telling us they have full intentions of resuming the ISX as of Sunday April 26th…they shut down the financial markets around 3-17. No one can deny or argue that the rate change process started. It’s blatantly obvious…why is this taking so long? Everybody just thinks it’s a ‘magical just change of a rate’ and done…the reason this whole thing is taking six weeks is because they have multiple step that they have to complete to get the rate changed.
4-20-2020 Newshound Guru Pimpy …General price index of the Iraq Stock Exchange – all you’re looking at is the average weighted performances of all the stocks listed on the ISX for Iraq. That’s all it is. For me as a stockholder I love it because the more it increases in value the more valuable my stocks are..
4-20-2020 Intel/Newshound Guru Frank26 Question “Is the RI arriving or is it approaching?” It’s arrived and it is with the CBI. It was brought to the CBI by the fab Four and IMO by the pressure from the United States of America that has just recently been put on about a little over a month ago now. And it awaits a fully seated government that can present this new currency – this new rate for their economic crisis…the only reason the reinstatement has arrived at the CBI is because of what Donald Trump did recently…
4-20-2020 Newshound/Intel Guru tman23 their coffers were low and now running dry…by law operating on a past budget since their parliament can’t seem to get a quorum and function…so now paychecks will be rationed or simply cut off…they are in dire straights…they have nowhere to turn to borrow…Wells have dried up…Pun intended… so in past they complained about the costs of printing new money…so either they got it printed and ready and if they don’t…rut roe…but I believe they have plans to release before June…second semester of financial year they can change…But never in the middle or middle of a quarter… if anyone recalls when Shabibi was talking first of the year they always put the delay date to June.
4-20-2020 Intel Guru MarkZ …I am hearing that it will be mid-May now for the roll-out…Banking contacts, of course still insist its tomorrow….but government sources now say mid-May…only 3 weeks away…at this point I would tend to believe my government contacts over my banking contacts…but they have to keep the bankers keyed up and ready for when it is time. I understand the reason for the misinformation…
4-20-2020 Newshound Guru Jeff …something significant has happened on the CBI website…what does it mean to ‘delete the zeros’? …it does not mean removing or withdrawing from circulation. It’s referring to deleting the zeros in the exchange rate. .00084 is the value of the US dollar against the dinar…if we took the zeros off the exchange rate it would become .84 …overall I call this a rate change process and it’s taking roughly 5 weeks. Why would it take so long? This was a multi-step process…[CBI website: General Price Index of ISX] Iraq Stock Exchange…transitioned from millions to billions…this new change structure was posted as of 4-13 of 2020…based on the math the dinar is currently about 80 cents range…General index means it gauges a change in purchase power against the value of whatever currency it’s reference…
4-20-2020 Newshound Guru BobTheTaxMan …the situation in Iraq is getting desperate. Oil prices are below $30 now, they are cutting all government employees income by half, and their government is scrambling to come up with an answer. While they can not broadcast anticipating a gain in their currency to the public, every indicator is they are seriously considering that option. (At least that would make the most sense.)
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