Iraqi Dinar Guru opinions-predictions7-17-2018 Newshound/Intel Guru Mnt Goat …the Iraqi dinar…will be “reinstated” back on FOREX with a rate conducive to before it was down-graded through years of sanctions according to a value around from the new SDR basket it will be pegged to. It will also be put back on a “managed float” and the market place will drive the rate upwards. The Iraqi dinar…will not “revalue”. Yes, the rate will increase from around what it was prior to the war (with equity) and this will be a new value but not a “revaluation” in the truest sense from the technical definition of the IMF in dealing with currencies.
7-17-2018 Newshound/Intel Guru Mnt Goat You can call it whatever the hell you want but technically it’s not a revaluation in the eyes of the IMF. …The CBI will take the dinar off the program rate and de facto peg to the USD and re-peg it to the SDR basket. It is in this process it will get reinstated back on FOREX and be launched with a the new rate. Once the dinar is reinstated and put on the “managed float”, it could go anywhere as Dr Syni Shabibi said it could withstand a market a rate of up to $16.00. He NEVER said that the Iraqi dinar would revalue at $16.00…
7-17-2018 Intel Guru Frank26 We told you there would come a time where we would no longer share discuss information. IMO, this is that moment in time. Is it going to happen next week? . . .next month? Again, I don’t know. No comment to those type of questions. It is at the point . . . where IMO even throwing out an opinion is just not wise.
7-16-2018 Newshound Guru Kaperoni If the CBI ever made a move to reinstate the Iraqi dinar at some substantial value like $1 to 1 the only option would be a LOP which is a neutral event and no monetary gain because they’re simply too much dinar and circulation for any kind of an overnight event to occur. We should all hope and pray that the CBI takes the smart choice floating the currency in allowing the world to set the price based on supply and demand allowing the dinar to gradually increase over time and also allowing them to reduce the currency in circulation. It is my belief that the CBI’s choice is to float the currency giving them the monetary tool they need to reduce inflationary pressure as a large influx of capital & Investment comes into Iraq. I do not believe a LOP is in the cards therefore I do not believe in RV or RI is an option.
7-16-2018 Newshound/Intel Guru Mnt Goat …WHAT are the next steps for…short term? All of sudden one day we will read very soon we will hear that the election results are ratified by the judiciary. Then quickly after the announcement of Abadi again as the PM, the new speaker and president (and his 3 VPs) are presented to us. Then pops out the re-education articles form the CBI about the continuance of the “project to delete the zeros”. Then we see a timeline of launching of the new category notes and ATMs. Then the new rate shows up on FOREX and away to the banks we go….