7-1-2022 Newshound/Intel Guru Mnt Goat There are many articles today…on changing the exchange rate…They are talking about changing the rate back to the pre-devaluation rate of Dec 2020. This is not what we are looking for. In today’s news the minister for finance does explain the “anything is possible”. He also tells us originally, they wanted this new devalued rate for 3 years. Now since oil rose so high and the CBI reserve levels have been met (over the expectations even) that they will have to reconsider this move…
7-1-2022 Intel Guru MarkZ [via PDK] [July 1st is a very realistic day as it starts a new quarter….] Not sure that it matters but it’s also a long 3 day weekend. This is one of the things they said was preferential for pulling the trigger. Doesn’t mean they are going to…. It’s just something that could be a sign.
6-30-2022 Intel Guru MarkZ [via PDK] I have not seen an update in timing…but most of my folks are looking for something spectacular to happen the first week in July…
6-30-2022 Newshound Guru Godlover The EFSL was created to get them through the current crises & to give their citizens immediate relief. Honestly I think some of what we are witnessing is a lot of uncertainty with Iraqi officials, etc. Just trying to come up with short term solutions until the political situation can be resolved & at the point where the CBI feels comfortable enough to take action. Until then, it’s just all theoretical.
6-30-2022 Newshound Guru Walkingstick [via Frank26] When the IQD…goes on an international float it will become convertible. At that point…The CBI will inject the NSCN into the streets/into the hands of the Iraqi citizens to defend their exchange rate…the idea is when they do go international and float their currency the IQD will be within 2% to 3% compliant as required. They are telling the citizens the CBI has the means to defend their exchange rate as it floats.
6-30-2022 Newshound Guru Kaperoni What is being talked about in Iraq is not an RV as the gurus insist. They are educating citizens via symposiums on a currency exchange which is a neutral event (LOP). We have to hope that this plan for the currency exchange is not implemented and they follow guidance of the IMF which is encouraging them to gradually appreciate the currency over time based on success and growth of the economy. This is the best chance of any significant gain.
6-30-2022 Newshound Guru Tivon Article: “A government advisor sets the date for sending the 2022-2023 budgets from the government to Parliament” Keep in mind what they need the 2022 Budget for. They don’t need it for money. Simply because they are only willing to put an extra 25 trillion in the 2022 Budget. More than Half of what is in the EFSL..
6-30-2022 Newshound Guru Tivon they only want to approve the Budget for the Final Accounts. And the 2022/2023 Budget will be for new projects. The EFSL is currently being used to pick up on stalled projects from the previous 2021 Budget. Why? Because that particular budget was supposed to raise the value of the IQD. But since they never formed a government last year they couldn’t open it.
6-30-2022 Newshound Guru Samson Article: “Iran wants Al-Kazemi to remain in his position… and the leaders of the Coordination Framework meet with him in Tehran in the presence of Ismail Qaani!”
6-30-2022 Newshound Guru Militiaman Article: “The Central Bank announces that the Iraqi gold reserves have risen to more than 130 tons” Now we finally see that 30-40 tonnes of gold show up they found on the Syrian Border..? Why now are they telling us this now? Well, they have far more reserves now that ever needed for to support the new exchange rate change.
6-30-2022 Intel Guru MarkZ [via PDK] Article: “Financial advisor Mazzar Muhammid Salih surprised the Iraqis about the possibility of changing or reducing the exchange rate of the dollar against the dinar” This means the dinar gains value. They also said just the day before that they needed 100 signatures from parliamentary members to address the value…and I believe they got those signatures. They are talking about changing the rate nonstop over there guys. And the need to change the value. We have not seen them change the value yet…but… they are having open conversations with their people and in their parliament about this…with the IMF the US, ect…this is exceptional news. We just need to buckle up and hold on through these final days.
6-30-2022 Intel Guru Frank26 Article: “A government advisor sets the date for sending the 2022-2023 budgets from the government to Parliament” THE EXCHANGE RATE DOES NOT HAVE TO WAIT UNTIL OCTOBER… IT IS THE BUDGET THAT AWAITS…’A NEW WORLD RATE’!
6-30-2022 Newshound/Intel Guru Mnt Goat Article: “IRAQ ADVANCES 10 RANKS GLOBALLY.. THE CENTRAL BANK ANNOUNCES THE INCREASE IN ITS GOLD RESERVES” Quote: “The bank confirmed, The purchase of new quantities of gold…an increase of 35% over what was in its possession.” WOW! An increase of 35%! That is amazing!
6-30-2022 Newshound/Intel Guru RVAlready The RV seems to be rounding the far turn, headed for the home stretch.
6-30-2022 Intel Guru Bruce [via WiserNow] …the new Iraqi Dinar…the NID – was placed on the banks screens for trading…last Sunday…the Dinar came out at 68 cents ($.68) and by 11 am Monday it had traded up to $5.60 – it should be trading much higher than that now and should be trading on up to numbers that we had talked about that Dr Shabbibi had talked about… I am hearing that we should be at that number or greater – ok – so we will see how that goes – it’s certainly on its way now and is being traded as we speak – right now –internationally – globally…it’s being traded on what we would call grey screens or back screens – for the banks…When the time is right it will be placed out on the front screens with the other currencies that we are looking to exchange…