11-1-2020 Newshound Guru Jeff ...Saturday of last weekend they did the first reading of the borrowing law. They average about a week and a half between each reading...they are on track to have the borrowing law done middle of November ... that's the last thing we're waiting on so they can change the rate anytime after they finish the borrowing law...watch the borrowing law...
10-31-2020 Intel Guru Delta ...THEY DID REPORT IN IRAQIA TV THAT WHITE PAPER WAS DONE BY US...AND THEY SAID BY US HELPING IRAQ WILL MAKE INTERNATIONAL COMMUNITY SUPPORT IRAQ…SO AS WE TOLD YOU IN THE PAST THE US DEVALUE THE IQD AND THEY WILL RI BACK FOR IRAQ…CBI TOLD US VIA NEW GOV...HE IS GOING TO MAKE NATIONAL CURRENCY STRONGER.
10-31-2020 Newshound Guru Kaperoni The recently-announced White Papers is a good step in the right direction but all it is is ink on paper. Iraq ...needs to make changes...until that happens nothing will change.
10-31-2020 Newshound Guru Pimpy ...on the back end of thing right now there is a lot of chatter. I mean it's increased...large amounts of IQD have been moving to a lot of different central banks and into a lot of different countries. That's not a secret...what we can't figure out is why. There seems to be some kind of deadline on all these things for some reason. The deadline is in the month of November. What's that means? I don't know. But there's a lot of rumors. I try to avoid rumors because I don't want to talk about anything that I can't prove. But I will at least let you know that is out there and even people I know that deal in the IQD are purchasing personally IQD themselves. It kind of makes me wonder. I don't know what they know. Either they know and they're just not sharing or they don't know and they're just preparing just in case...a lot of changes coming real quick...
10-31-2020 Newshound/Intel Guru Mnt Goat ...reinstating the IQD on FOREX is exactly what we wait for but it has not happened as of yet. This can not yet happen until the OFAC sanctions are lifted. The banks simply will not touch the IQD until this happens...
10-31-2020 Intel Guru Delta Article: "Central Bank of Iraq launches electronic platform for letters of guarantee" WHEN CBI TALK WE LISTEN…VERY IMPORTANT STEP...BEFORE GOING GLOBAL...IMO…THEY ALSO HAVE AN INSTRUCTION VIDEO FROM CBI ON HOW TO USE IT.
10-31-2020 Newshound Guru Kaperoni Recently the central bank has limited the daily currency auctions which is affected the spread. It is reported at over 1250 to $1. This is around 5% which is out of compliance with the IMF requirements... Iraq must maintain stability within 2% or less in order to meet compliance and transition out of IMF Article XIV to VIII...Iraq must get their spread in compliance and hold it for at least 90 days before the IMF would consider allowing them to exit Article XIV.
10-31-2020 Intel Guru Footforward ...I've insisted for a long time the rate can't be $1. Not to mention that one to one is not really a reinstatement. $3.22 is a reinstatement. I...have info from a source I trust. Alot.
10-31-2020 Newshound/Intel Guru Mnt Goat ...We still may be on course for an early January 2021 release of the reinstatement. But again, I am telling everyone we still need to see more positive news from the Central Bank on this matter. We have gotten a lot of good news about meetings they have had on what to do to try to resolve the financial crisis. These meetings included much talk on alternatives of what to do with the dinar. Some wanted to put in on a float, devalue it, print more currency, so on and so forth...
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