Iraqi Dinar Guru opinions 12-26-17
Iraqi Dinar Guru opinions 12-26-17
12-26-2017 Intel/Newshound Guru Frank26 SO DO I…WITH A PASSION OF CHERISHED INSTINCTS DEEP IN MY DNA. A… TIMING… IS UPON US. THE ARTICLES ARE SCREAMING AT US RIGHT NOW …
12-26-2017 Currency365 [Article] Big news, new ATMs designed with visa logos. The new ATMs are out…these international standard ATMs will be deployed in the safe zones to get started….these are supposed to hold lower notes
12-26-2017 Intel Guru TNT Tony Today [Yesterday] Allak introduced the ATMs and the rate is in the ATMs as of today…Whether it’s this week, by January 2, or the 12th, the CBI will be posting their new rate…the rate is $3.37…and I was told today that the bank screen rate was $3.68…There is a plan and we will make the best of it…The rates will not be public until the CBI reopens on January 2 but I just wanted to tell you Merry Christmas with this extra news…
12-25-2017 Intel Guru RayRen98 Al Rasheed Bank announces it will be closed from December 25, 2017, until January 2, 2018, to be able to prepare "and implement" annual budgets. [Hmmmmm, could the banks' annual budget coincide with the countrys' annual budget which could possibly include a new rate????] CBI governor Alaq was interviewed stating that the Dinar would not float and must be a fixed rate.
12-25-2017 Newshound Guru Enorrste Article: "Central Bank: float the dinar is difficult to apply in Iraq" Alaq is giving a progress report on the plans to open the currency to a float. They have taken "a package of measures" to bring them to the point where a float will work. ...Then he goes on to state that they are making efforts to achieve "financial inclusion" which I take to mean international acceptance of the dinar, now that the security and financial stability have been dealt with. Finally, he concludes by stating that paying federal employees through bank deposits is working to get people to use the banks.
12-25-2017 Newshound Guru Enorrste The reason for the delay, in my view, is this last item. Unless and until the CBI can get the dinars out from the mattresses they are cautious to begin the float. In short, there are just too many dinars in circulation. However, as they get people to move to banking they can remove the large notes from circulation and begin the float. Therefore, I see this article as positive. It is a report card only but points to a goal (the float) that is imminent. I get to this conclusion because...it specifically is mentioned that Egypt moved to a float, but "too late." This would imply to me that the CBI is not going to be "too late" in moving forward, unlike Egypt.
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