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Tuesday, June 6, 2017

DINARGURUS UPDATE, 6 JUNE

6-6-2017   Newshound Guru mike   Article:  "The Amman meeting with the IMF result in a supplementary budget for the current year"  There are many who believe that the IMF/WB are in control but I gotta tell you, $5.3 billion don't  buy a country. I can't find an example in the history of the IMF/WB that they've taken over the sovereign financial obligations of a country, let alone for such a small amount.   Article quotes:  "Iraq has signed with the International Monetary Fund memorandum of understanding conducive to monitor the financial and economic policy" and this: "The program aims to assist Iraq in reforms in the foreign exchange policy"  The SBA and SMP are monitoring programs, they advise, assist and monitor Iraq's financial progress with the banks, budgets and currency programs.  [post 1 of 2....stay tuned]

6-6-2017   Newshound/Intel Guru BGG 
  [...is it just down to the old section of Mosul now?]  It is down to a very small area... what I heard a couple of days ago - tough going.  It is the end - of course it will be tough.  In the mean time - hang in there. This struggle will come to an end. At some point they will do something with this currency. When that happens - you are positioned to enjoy the benefit...and that is probably the most encouraging you have heard me in a while.

6-6-2017   Intel Gurus Frank26 and Delta   “What if the exchange rate were to drop to 1250?”  What if it dropped down to 1200 This is about 2%.   If they dropped down to 1190 or 1180 – the CBI wouldn’t be able to make money anymore. ...they have done a great job in getting within the 2% compliance.  The CBI has done some impressive things. The IMF can’t stop being so proud of them. It looks like the CBI is adjusting accordingly to the 2% -- to the rate of the IQD internally – which is an IMF requirement.  The IMF stated that their sole objective were a few things, and that is it. The IMF looks very, very happy.  Everything is looking very good for investors. The biggest obstacle was corruption.  We’ve been waiting so many years...but it was good that they waited until they got it right.   ...that’s why they brought in Jack Lew – they learned from what happened in Kuwait. They needed border control, needed to manage the float. They are going to control this very well.

6-6-2017   Newshound/Intel Guru BGG   [Mosul?]   I have no prediction...I think they are close. As I have said all along - this is war. This is the end - it may not go easy.  I am very interested to see what the News Cycles look like right after Mosul - for that first week or two... this will tell us what's what.

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