11-10-2020 Intel Guru Footforward [why is Iraq doing a borrowing law? if they could just RV wouldn’t that get rid of borrowing?] it would. It's because they can't go into debt unless they have approval for it. Theory is that they could RV and borrow money to kick start their recovery faster.
11-10-2020 Newshound Guru Pimpy Article: "The opening of the Arar border crossing with Saudi Arabia next week" ...this is good because...you can do a lot of business and trade with these borders open...the stronger their economy becomes the stronger their currency (which is the Iraqi dinar) becomes...
11-10-2020 Newshound Guru Kaperoni [So tired of waiting] We all are. But this is up to Iraq and it's taken a long time for them to realize that they need to turn their economy around. All we can do is watch and hope.
11-9-2020 Intel Guru Frank26 ...our investment with the Iraqi dinar is extremely copacetic...it's going along nicely...
11-9-2020 Newshound Guru Jeff UPDATE FOR EARLIER POST: Article: "The amount of borrowing will range between 10-15 trillion dinars, MP says" ...they did the 2nd reading on yesterday which was Sunday the 8th. They did the first reading on October 24th...the 3rd and final reading will occur on 11/21...you'll get your confirmation on that next week. Quote: "...the government to prepare the law in appropriate form in preparation for voting on the borrowing law next Thursday." ...they're telling that either this Thursday or Thursday of next week that they plan to finish it. They're not going to...it's going to be Saturday the 21st...they can change the rate anytime after that.
11-9-2020 Intel Guru RayRen98 BANKS ARE "ON LOCATION" TODAY... WAITING FOR THE "GO" SIGNAL! (EXCEPT TEXAS)...IT IS BELIEVED THAT SOME BANKS (IF NOT ALL) WILL HAVE A "RANGE" OF RATES FOR THE CUSTOMER BASED ON FUTURE COMMITMENTS WITH BANK PRODUCTS AND SERVICING.
11-9-2020 Newshound Guru Jeff ...the election is not slowing this down. The elections have nothing to do with this [Iraq dinar RV/rate change]...
11-9-2020 Newshound Guru Kaperoni If Iraq was going to magically RV to solve their financial problems there would be no need for a borrowing law...Iraq has tremendous potential for economic growth and a diverse economy. They need to pass the laws and create a suitable investment environment. Only with the success of the economy can the dinar appreciate in value.
11-9-2020 Intel Guru MarkZ [via PDK] A number of my contacts have been moving back into location over the weekend…many of them will be back in the saddle today and tomorrow. I am hoping for a considerable amount of news to hit us soon...Still hearing lots of good chatter in the streets of Iraq. They passed more reforms last week that are taking effect this week already... One of my contacts on the ground there is so excited. He says it looks like we will all be wealthy shortly.
11-9-2020 Newshound Guru Jeff Article: "With a value of 21 trillion dinars to pay salaries and expenses...an early date for the passage of the borrowing law" the borrowing law is the last thing we're waiting for for them to change the rate. They can change the rate anytime after they complete this borrowing law...they're tentatively telling us they want to do the second reading on Thursday. Article "Prime Minister Spokesman: To vote on the borrowing law next Thursday" that's this Thursday...there are two articles suggesting to us they're trying to do the second reading this Thursday...after they do the second reading this week we're looking for the 3rd and final reading of the borrowing law on Saturday November 21st and then they can change the rate anytime after that.
11-8-2020 Newshound Guru Pimpy ...there's speculation that whatever is happening with the IQD, whatever that plan, whatever they're doing with it right now, it could be implemented real quick before Trump is totally out of office...
11-8-2020 Newshound/Intel Guru RVAlready [ I think it is more likely that if there was agreement on Article 140 there would be an RV. The problem is that you can't verify anything.] Yes. On Oct 10, 2020, the US embassy congratulated Iraq on implementing Article 140.
dinarguru.com
