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Thursday, February 23, 2017

DINAR GURUS UPDATE, 23 FEB

2-23-2017   Intel Guru Frank26   The reason why we don’t see the exchange rate of the IQD released yet...because there are a LOT of DEALS being made...   IMO…(about 2 weeks ago)…we have enough of Mosul to have the RV of the currency of Iraq now...that was MY OPINION…but apparently that is not President Trump’s opinion.  He wants to extinguish ISIS...That’s why many DEALS…IMO…are being born…combination of removing ISIS…“give me Mosul” and you’ll see the MR.  We’ve got like 30 articles now... evidence of what they are going to do.  It’s not that we want fully security by removing all of ISIS...while that is happening, Trump is making a lot of DEALS with Abadi.  IMO…Iraq is being used as LEVERAGE to do a lot of DEALS around the world.  Has Abadi seen Trump yet? No…not until Abadi is done with this and that…but Trump has Abadi’s back!   [post 1 of 2....stay tuned]

2-23-2017   Newshound Guru loop
   His opinion is that .83333 cents to the dollar would be more managable.  [So the exchange rate would be 1/.83 = $1.20.  1 divided by .83...In USD]   This is where they feel they can defend (support) the rate based on their current economic capacity. This will increase over time has they economy grows.  Remember that this is one persons opinion. What is so very encouraging is that this really shows that the expectation is a marked increase in value, which is very positive for this investment.  Mr White [Guru wmawhite] made an excellent point...about them not having much to export, other than oil that is. The price of oil is fixed in the world markets and is traded in petro dollars so oil would not be effected by the increased dinar value. For the rest the GOI can always do what we do in the USA. What I am referring to is subsidizing the exports to bring the price down. This ensures that industries flourish while keeping the costs of exports low.  [post 2 of 2]

2-23-2017   Newshound Guru loop   Article quotes:   "Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars to the dollar instead of 1200." "But the move was postponed to a later date due to the exit of some Iraqi areas under government control after the occupation of «Daesh» her. Then the military operations began to recover these areas which still exist. The government is expected to return to the project itself after the end of military operations."   "The price of the Iraqi dinar former (US $ 3.2) was exaggerated and will continue to be overrated if has to return to it in the future. It will make imports cheaper, but it hinders improvement of production and export capacity of Iraq, may be the price of 1.2 dinars to the dollar or dinar against the dollar is a good price."  So this economist is saying that while 3.2 dollars per dinar (Old rate) would make imports much cheaper it would cause exports to be expensive.   [post 1 of 2....stay tuned]

2-23-2017   Newshound Guru Adam Montana   [...can Iraq go on as long as it wants with out RVing...?]  They could go "forever" without revaluing their currency, sure.  But I don't think they will.  We are indeed heading to that elusive finish line... 

2-23-2017   Intel Guru RayRen98   [Do you really think we’ll exchange this month?]   Today’s February 22nd, and this month ends next Tuesday. Yes, I do believe we will exchange this month, based on what I have shared with you and things I have not shared with you, no reason to think otherwise.   I still look to $3.71 to be the international rate or thereabouts.  We are in the waiting stage. Everything looks good...This could pop at any time, and all the technical information that has come to us is saying ‘green light – go’ as soon as this is released.   [post 2 of 2]
 
2-23-2017   Intel Guru RayRen98   All is quiet, maybe a little too quiet...We had people in Iraq sending intel that the dollar was banned; we expected that, and good to hear it confirmed. Articles came out about that as well. Most of us know what that means, as one of the conditions favorable for Iraq to be sovereign, with a currency that is competitive to its neighbors.   There are also rumors about Maliki being brought to justice, and reports of Rafidain Bank is now preparing its customers to accept deposits in dinar only, no longer in dollars – nationwide. At least, that is the game plan, to ban the US dollar across all provinces.  [post 1 of 2....stay tuned]

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