11-7-2020 Newshound/Intel Guru Mnt Goat Article: "IRAQ ADOPTED THE WHITE PAPER OCTOBER 2020 FOR ECONOMIC REFORM" ...two of the pillars of reform out of the White Papers...include: 1) REVIEWING THE CURRENT EXCHANGE RATE OF THE DOLLAR AGAINST THE DINAR; 2) Establishing new trading markets, such as a commodity market AND A CURRENCY EXCHANGE MARKET (FOREX). So now there is no more guessing game as what is in these White Papers that we are mostly concerned about. Their intentions are spelled out...all I can is WOW! Here it is in black and white for us to read.
11-7-2020 Newshound Guru Jeff I want to bring some common sense into this...Iraq is gonna be and will continue to push forward on their borrowing law. That is the last thing we are waiting for...they're set to do the second reading next Monday of next week... after they do the 3rd reading which will be Saturday November 21st...they can change the rate at any point in time...
11-7-2020 Intel Guru Bruce ...we did hear that Iraq...and we heard this from Iraqi citizens that they are going to pay their citizens that are legitimate legal citizens of Iraq on Saturday [Nov. 7] - on their Q cards...and they should pay them at a NEW RATE - whatever that rate is we don’t know what it is yet – we know they had a new in country rate – we know they had an international rate – and let’s see if they update and increase that – we may find out and we may not...So let’s keep an eye on things...
11-6-2020 Intel Guru Bruce [via WiserNow] ...the sources that I have are telling me that – our blessing in terms of the GCR and the revaluation of these currencies is happening apart from the election process...I think – from what I’m getting from all sources – this process for us – meaning the blessing we’re looking for – is on-going and moving toward us such that one of the larger banks that we talk to – tier 1 bank – is suggesting that we should be there either...Saturday or Tuesday...As far as anything else timing wise we have had a few sources that have said just be patient – like we haven’t been right? We’ve been super patient - just be patient and see what happens in the next few days...
11-6-2020 Newshound Guru MilitiaMan ...We have been told the Borrowing law would be set for tomorrow "Saturday". We have been told the committee needs the exchange data prior to the vote. Also, don't forget that we were also told that if the vote didn't happen, the salaries would get paid regardless, next week. Article: "A parliamentary committee reveals an upcoming meeting with the Finance and Central Bank for this file" Quote: "...the Central Bank and the Ministry of Finance to discuss the fiscal deficit financing law," noting that "the meeting will deal with reducing the money ceiling within the law..." But, now...the CBI and PFC tell us the story. They are to discuss the deficit law next week. They tell us they are to deal with reducing the money ceiling. Well, if that doesn't make you smile... By raising the exchange rate data, they will be reducing the amount of debt. That is from the CBI...The horses mouth...Lets see what they do next week or in the coming hours even...
11-6-2020 Newshound Guru Pimpy talking with people behind the scenes about the Iraqi dinar in regards to this election. Sometimes you gotta take the bad news along with the good news. And I'm not just saying this because it's a political jab. That's not what it is...this is pure speculation but I can tell you this they're already concerned that a Biden Administration would prevent the Iraq's dinar from getting its revaluation for years...having said the bad let's talk about the good. Again, this is just speculation. This is just my opinion. If they really start to feel threatened that Biden is going to cause holy hell over there...don't be surprised if they don't pull the trigger before he takes office. Again that's my opinion...there's nothing behind that other than my opinion. But don't be surprised if that happens...
11-6-2020 Newshound/Intel Guru Mnt Goat Article: "IRAQ IS PREPARING TO RECEIVE DONOR COUNTRIES NEXT WEEK" Oh -- why are donor countries all of a sudden wanting to come in to Iraq now? Could they know something we don’t? Oh- but we do know it and it is coming to us soon…It’s called “reinstatement of the IQD on FOREX for trading (buying and selling) and not just a placeholder as it currently is.
11-6-2020 Intel Guru MarkZ [via PDK] On the RV front I have spoken with banking contacts…one contact got back in place yesterday…..the rest will be back in place over the weekend. Personally I am not looking for anything to happen for a few days while everything plays out. Trump NEEDS to Flip THE SWITCH NOW!!! Stay Calm everyone. We need to watch it play out.
11-6-2020 Intel Guru Footforward Article: "The Central Bank and international organizations discuss mechanisms to enhance financial inclusion" Quote: "The Cental Bank of Iraq announced the organization of a workshop to prepare a strategy for financial inclusion in Iraq in cooperation with the World Bank." And without an RV that would all be a giant waste of time.
11-6-2020 Newshound Guru Pimpy ...Yes there was another report out by Bloomberg - if they don't do something here soon Iraq is about to go bankrupt which is interesting considering all the new agreements that they have in their local neighborhood. The future looks very very bright for Iraq but they need to do something about the 'now'. Here's what they've done. Article: "A decisive agreement that solves the crisis...Passing the borrowing law and launching salaries next Monday" Thank God.
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