Iraqi Dinar Guru opinions 10-2-17
10-2-2017 Intel Guru Dr. Clarke [What is the reality of a real public exchange? Might they actually only do this in a private setting, such as a by appointment, exchange center, or private group?] NO! Totally Public, Big Time. [...you mentioned the "beginning" will we be able to see any change? Or will it be behind the scenes. Do you think it will be at the end of October , you mention the first three weeks?] Hang On...you won't miss this one! ...we do LOVE October. You will too.
10-2-2017 Intel/Newshound Guru tman23 ...Iraq is at a crossroad and they must choose one... International reconstruction set to begin start of 2018... nobody is coming with these problems and Iraq needs an economy boost or they are doomed... Either way, your emotional ride will be over soon... we will know by Oct 8th when money moves...
10-2-2017 Intel/Newshound Guru payray Article: "State of Kurdistan" will be the seventh richest oil and gas country in the world" Sometimes it is best not to disclose your assets to the outside world... Especially when you are surrounded by enemies... Even more importantly, since you have a crisis... I believe this whole situation was handled irresponsibly by Barzani simply because of the progress that was being made within Iraq as it concerned reconciliation with their fellow Iraqi's... This does not make any sense in so many ways... Which again leads me to believe something else is going on... Barzani is smarter than this... Why now, and why would he do this at the very time when when economic conditions were about to vastly improve for all of Iraq with the completion of monetary reform... Unless?......
10-2-2017 Newshound/Intel Guru Mnt Goat Article quote: "The Iraqi authorities and IMF staff started discussions on the third review of the SBA and made good progress towards reaching agreement on a draft 2018 budget in line with the SBA. These discussions will continue during the upcoming IMF and World Bank Annual Meetings from October 13–15, 2017 in Washington, DC." We are seeing that as far as the IMF is concerned Al-Allaq is still an “acting” or proxy governor of the CBI. So Iraq has not yet have a permanent governor in that position. We also know there is only one review remaining from the IMF on the current SBA. They are telling us they will take their findings from this 3rd review back to Washington DC and continue discussions on the progress of the country. I am being told these discussions will include dialogue on currency reform. So this is all excellent news. Are they getting ready to “pull the trigger” or at least seriously going to reconsider a target date once again?
10-2-2017 Intel Guru RayRen98 ...If you’ve been keeping up with the news, you probably know about the political unrest between Baghdad and Kurdistan. ON the plus side, the Rafi Bank says that thousands have been paid on the Smart Cards, and more will be paid today. That was not at the new rates, but using the news system. Maybe when they have paid everyone, then they will change the rates. An awareness campaign has been taken place over there letting them know about the rate change, so maybe it’s appropriate time to do this rate change, i.e., after the pay session. Then they will know well in advance that their next pay will be considerably lower (but higher value).
10-1-2017 Newshound Guru Stryker There has been a lack of news this weekend pointing to any possible revaluation of the Iraq dinar for today (October 1, 2017). So for those that are looking for a new rate to be announced today or tomorrow I'm afraid it's just not going to take place until we see that the CBI Law amendments are passed. Our newshounds are watching for Tuesday's parliament agenda publication to confirm that the vote is going to take place then.
10-1-2017 Newshound Guru Stryker It is worth noting that the CBI has not posted a daily auction for tomorrow (Monday October 2, 2017) and was performed today, as they have been doing but it's also worth noting that today was a holiday in Iraq (Ashoura Day). In the past few months the CBI has held earlier auctions to cover any future holiday but not this time. Just in case I will be up late tonight to see if there is any changes in the IQD from an exotic currency to a hard currency status.
10-1-2017 Intel/Newshound Guru payray Article: "Deficit is estimated at 37 trillion dinars ..moisnh 2018 is moving to maximize revenue expectations by delaying approval" [...Why aren't they revalueing their currency so they can get out of this financial madness?...] ...looking at this situation leads me to believe that we are in for a rather large increase in the dinar's value.. IMHO... The timing of this is apparently very significant to those who are controlling this seemingly out of control process... Remember that Franklin D. Roosevelt was quoted as saying: "In politics, nothing happens by accident. If it happens, you can bet it was planned that way." The timing of all of this has been by design... That is why there have been what seems to be delays, and very unwise decisions that have been conveniently made at key times throughout all of this... 14 years in the making...I personally believe we are very close...
10-1-2017 Intel/Newshound Guru payray Article: "Baghdad economy continues to escalate: we want oil revenues of Kurdistan" I think it would be pretty safe to say that the Barzani families strangle hold on the government of Kurdistan is coming to a conclusion... At least for the time being... I believe that Abadi wants a unified Iraq... President Barzani has been in office longer than he should have, and I would not be surprised if he was in league with Maliki behind the scenes as they both pilfered the budgets of their respective economies... I do not know this for sure, but it is certainly a possibility considering the timing of this referendum... Which was at a time when all has been going well, and frankly the relationship between the Kurds, and the Baghdad looking pretty good.. Well, at least on the surface..
10-1-2017 Intel/Newshound Guru payray But whatever is transpiring behind the scenes is not going to stop the monetary reform from its completion... Whether events have been orchestrated or not, we see that preparations have been made for this to happen at any point in time... Inflation is still in check despite the deficit that has been run up by the Iraqi government... Considering what need to be done construction wise within Iraq, and the loans that have to repaid, I am personally looking at a very good rate increase for the dinar... Time will tell...
10-1-2017 Guest Guru BobTheTaxMan …When you get impulsive about doing these things and you end up buying these entities being offered out of Las Vegas or buying into some sort of strategy that actually looks convoluted and has supposed great tax benefits to it you’re stepping into an arena…and you’re setting yourself up and it’s just not worth it. It’s not worth the money. It’s not worth the effort…There are different schemes out there to take your dinar away from you. I’m telling you there are schemes out there set up to take your money now. So don’t buy into any of those. It’s just not worth it…
{The above post should not be considered professional advice and is for informational and entertainment purposes only. Speak with a reputable tax specialist at the appropriate time.}
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