9-18-2020 Newshound Guru MilitiaMan Article: "The New Central Bank Governor: We Set A Plan To Develop The Bank’s Work And Strengthen The Dinar" Quote: "a deliberate banking plan has been developed that will develop the work of the central bank, strengthen the national currency..." ...these articles...have been effectively what we have been waiting for. Instructions issued... In other words the horses mouth has spoken... imo... Now we should see the citizens gearing for an exchange rate to bring in the 50k and 25k notes... imo... As that will bring in the real opportunities!! imo.
9-18-2020 Newshound Guru Pimpy Article: "100 U.S. Dollars is equivalent to 100 Iraqi dinars...Is it possible? An economic expert answers" That would be a 1 for 1 exchange rate...it looks like what she's saying...is they want to improve the value of the currency so that they could do the lop and then turn the exchange to one to one. What does that mean? For every 100,000 dinars would be worth a hundred dinars...lopping off the three zeros is once again the talk of the town...for you newbies that's a very bad situation if they do that. So for every hundred thousand dollars they would reduce it down to a thousand dollars and then give you a one for one exchange. So you would get a 1000 for every 100,000...I don't think they're going to lop the zeros off. I don't think they can afford to.
9-18-2020 Intel Guru Footforward Article: "100 US dollars is equivalent to 100 Iraqi dinars...Is it possible? An economic expert answers." [That article describes a lop scenario say 1 new Dinar would be equal to 1000 old dinars. Hope that’s not what they do.] It won't be. Expect to see alot of crap like this...My point is we don't get shaken. A revaluation is the only way to fix their economic hardship. They aren't going to come out and tell us when they will do it. In my opinion anyways. So we have to watch the signs. ...The fact that corruption is being dealt with in Iraq at a very rapid pace is very good for us...These guys being arrested is a good sign. We need to watch what they do. Not what they say so much. It's helpful to take a much bigger picture...
9-17-2020 Intel Guru MarkZ [via PDK] [I don’t think the RV will ever happen.] ...I bet they said the same thing in Kuwait before that reset...Just look at all the great resets and revaluations in History…It will happen. The biggest difference in now and past resets is we are all looking for it…Because of the internet we can follow it and we can chase it. We are all fixated on it .
9-17-2020 Intel Guru Footforward ...The plan on the dong for the longest time has been 5-10 cents. The only reason my opinion was it could go higher is that Vietnam needs money and even at 10 cents I think they are a bit undervalued. That's not financial or investment advice. That's my opinion.
9-17-2020 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENTARY FINANCE: THE 2020 BUDGET WILL ARRIVE IN PARLIAMENT THIS WEEK, AND IT DOES NOT EXCLUDE THE FUNDING OUTSIDE OF MORE LOANS" So the budget was sent already and is in parliament. You simply can’t borrow your way out of debt. Bad ideas by bad politians...It simply does not work and they know it. They can get all the permission they want to borrow more money, but in reality they are stuck. We knew this day would come as they only had money until the end of September to pay salaries. They only have 2 choices not 3. Choice #1 is cut expenditures so drastically as to meet the current price of oil, Choice #2 float the currency and let investors invest in Iraq . Choice #2 also gives the potential investors freedom of exchange and transfer of monetary resources needed to come into Iraq .
9-17-2020 Newshound Guru Pimpy Trust me there is a lot of news as I'm sure some of you are aware. A lot of talk about the Iraqi dinar. A lot of talk about the economy. A lot of Al-Kazemi crack-a-lacking on the people over there making sure that the country gets back to where it need to be... Article: "The first statement of the new Iraqi central governor: We drew up a plan to strengthen the national currency" There's more than one article talking about the Iraqi dinar...this is what we're waiting for. Obviously the stronger the currency the better our exchange rate...they're making plans to strengthen it. That's what we want to see.
9-17-2020 Newshound Guru Adam Montana ...Anything that is addressed in the coming meetings that will affect the 2021 Budget in a major way, especially if it's HCL, will not be able to "hide" until 2021. They have to be ready to raise the exchange rate before they announce any major agreements on HCL, Article 140, or anything else closely related. If they don't raise the rate soon enough, there would be a massive speculative run on the currency, which would dilute it, and kill their opportunity. They aren't going to do that. Not because we are waiting for them, but because they wouldn't benefit from it. Our day is coming!
9-17-2020 Newshound Guru Mnt Goat Article: "DEPUTY: AL-KAZEMI'S VISIT IS THE LAST OPPORTUNITY FOR THE REGION TO HAND OVER HIS COMMITMENT AND IN SUCCESSION TO BE DEPRIVED OF THE 2021 BUDGET" the agreement was made already and this is done. Kurdistan got only 12% but is getting paid and this is important that the GOI is monitoring all the other oil they are selling on the side besides the amount needed to meet the budget. This is important to us because it is important to the IMF.
9-17-2020 Intel Guru MarkZ [via PDK] My bankers are still very positive that this is our week…I still believe it has a set date and its rolling out. [my birthday on october 30th, better happen by then...Need a good birthday present.] I think you will be very happy before your birthday.
9-17-2020 Newshound Guru Pimpy ...There's discussion about the exchange rate it needs to change. So the anticipation is that the rate change would be in the 2021 budget. There's no guarantee. I'm just saying that appears based on what is being said that seem to be the case...we're running into some serious deadlines...
9-17-2020 Newshound Guru Jeff Iraq in '17...almost 3 years ago they performed a test. They unpegged from the dollar and went to a currency assortment basket...historically over the last 100 years the Iraq dinar the high side of it was about $4.20 the low side was about $2.50...Over the last 100 years the Iraq dinar has not gone below $2 bucks. This is a reinstatement. That means they're going to put the value of the Iraq dinar back to where it was...a restoration of it. It devalued in 2004 against the dollar at $3.22...today we're in the year of 2020. So here we are 15 years later...because of...the facts and variable...how it's a reinstatement...the high point/low point over the last 100 years...I'm of the opinion...the rate is going to be very close to or around $3.80...
9-17-2020 Newshound Guru MilitiaMan The 2020 budget is not off the table yet, imo. The cannot legislate (enact) it yet. It is not to be looked over. It has a purpose with it... the Cabinet to finish this week and then the Parliament will see it next week...All to be done within or over the legislative time frame of a two week period. They already have had one special session on it already. Most likely imo the 2019 FMLA is inside it, thus, it is being timed accordingly. Lets not forget the electronic systems to be in place at the Borders and the GOI. They need to fire once they decide to go international or expose a new exchange rate. They will need to be transparent. Thus, we see the adjustments being made to personnel at 8-9 key places. They include the CBI. All still looks very promising...imo.
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