Iraqi Dinar Guru opinions-predictions8-10-2019 Intel Guru Frank26 There are many meetings occurring inside Iraq with the Central Bank of Iraq and a lot of different agencies…we went to the Basil II celebration…When it was over with the CBI members…said, ‘sure we’ll answer some questions.’ The first question had to deal with the International Exchange Department…whoa! This is a new department isn’t it? What can you tell us about that CBI? And what did they say? The CBI said yes that International Department is coming very soon…under article XIV you sure as heck don’t need that department at the CBI do you?…second question: You tell us that you’re gonna add value to our currency, when? And the answer was total silence followed by a Cheshire Cat simile followed by the next question. There was no embarrassment…there was no shy confusion. There was a smile…
8-9-2019 Newshound Guru Kaperoni People need to get over the idea of a “revaluation” of the Iraqi dinar. It’s not happening. Not how monetary policy works. Just look at other emerging markets. Iraq plans to include the significant increase in spending ($70 billion) in its 2020 budget. But will investors come and participate? Iraq has about 4 months to pass the laws needed to encourage investment along with passing the 2020 budget. We will see if they can get this done. So what happens if they pass the laws and budget and nobody invests in rebuilding Iraq? Interesting question. Time will tell if the free market economy is a flop or not. In either case (investment or not) there will be no overnight “RV or RI” of the dinar. What we can expect is similar to Egypt..which is a gradual increase (8-15% a year) via a float. But only if investment comes and creates pressure on the banking system.
8-9-2019 Intel Guru MarkZ [via PDK] Message out of Zurich contact is they are now expecting to go on Monday…From Spain is looks like they started exchanges…things paused…now they are waiting to start up again on Monday. From Iraq – they are expecting to see the new rate this weekend. My military contact still expects things to start on Monday. I personally feel we are right on top of this with all the countries of the world about to implode…IMO.
8-9-2019 Newshound/Intel Guru Dinar Investor – Jeff …remember…the formation of the government is the linchpin to the rate change. Now they have told us in the news they plan to try on finishing the formation of the government during the month of September… Now…accounting period for 10-1, you’ve seen a ton of articles talking about money, money, money… They are setting the stage for this thing…they’ve got to walk into October with a brand new rate in hand. Keep your eyes on September. You’re waiting on them to set the stage and then they’re going to do it.