4-29-2020 Intel Guru Frank26 …REER – Real Effective Exchange Rate of the Iraqi Dinar …monetary reform is ready to go. One of the final tuning is REER. They are establishing the Real Effective Exchange Rate of the Iraqi dinar and the reason for it is to counter fractional banking inside their country…
4-29-2020 Intel Guru RayRen98 Al-Kazemi stated on Iraqi TV he will not be pressured and will do what’s best for Iraq first. The Kurds and Sunnis have come to an agreement in cabinet selections while the Shiities are still blocking it. Al-Kazemi has until May 8, 2020, to get accepted, if not, the government will be dissolved and await September before all are newly elected.
4-29-2020 Newshound/Intel Guru Mnt Goat …There is still very strong talk (outside of the mainstream news media) that Allawi may still fill the prime minister position as he is the best candidate and fully supported by Mutada Al-Sadr. Remember Sadr won the 2018 election and it’s the reform party that gets to pick the new prime minister not the Iraqi Shiite political blocs. We will see what happens in the last days of Al-Kazemi 30 days period. Yes, this will go down to the wire again and not be decided prior to the final days..
4-28-2020 Intel Guru Footforward I see the dinar and dong revaluing, with small adjustments to a few other currencies…There is a chance the dong goes first. …This isn’t going to be a global currency reset…
4-28-2020 Intel Guru MarkZ [What countries are we expecting to RV…Iraq and ?] A Number of them are expected too…the ones we are watching closely are Vietnam and Iraq…
4-28-2020 Newshound Guru Adam Montana [Question: If it was to RV at .10 – 1.13 and we wait to cash in, until it goes up more, would we be able to keep it that long, and cash in at a higher rate? Or are we going to have a time limit to cash in?] That’s a great question, and one nobody will be able to answer. It will depend entirely on what the CBI dictates, and they can do anything they want.
4-28-2020 Newshound Guru Pimpy …we know the UN, the IMF and the State Department, Mike Pompeo, anyways are going to be meeting in Iraq in June. We know this is gonna happen. I know you guys are hoping just like I do that they go ahead and remove the restriction off the currency and allow them to trade on the Forex. Let’s cross our fingers and hope that happens. If they do then…look forward to a lot of speculators to jump all over that currency. There are people who want to invest in a currency but are concerned because the currency is not recognized internationally. So you can only imagine what that’s gonna do to the currency once it is floating and you can invest in it. It’s gonna drive that sucker up. That just my opinion..
4-28-2020 Intel Guru Footforward …the lack of a government is not holding up the RV what so ever…the two are not directly connected. Iran’s influence has dwindled significantly. That matters more then then having a seated government. They have had a seated government numerous times recently. It hasn’t produced an RV. …we are not waiting on a seated government for an RV to happen. If the RV happens with no seated government, they have a financial committee to run things.
4-28-2020 Intel Guru MarkZ Not a lot of news…pretty much a nothing burger on the revaluation front. There are a lot of people back in place which is a good thing…the banking side is still expecting to see it between today and Thursday. My Iraq sources are still looking squarely at Wednesday. Hopefully we will see something.
4-28-2020 Intel Guru Delta …A question was asked to the head of ISX why they did not go international. He said because of the currency issue…BOOM.
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