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Wednesday, May 2, 2018

DINAR GURUS UPDATE, 2 MAY

5-2-2018  ***  Dinar Guru News Update ***  The dinar CBI Official Rate and the Central bank of Iraq's reported Market Rate for the dinar is listed in the Dinar Guru Resource Bar on the left side of this page... The market rate has continued to slowly rise in value for the last 4 months.  [REMEMBER the lower the number here the MORE value to the dollar the dinar has...in this case LOWER is better.]  The last CBI Market Rate update was 1197 on 5-2-18 and has been under 1215 since March 15, 2018 and has been under 1200 since April 23, 2018.  The difference between the CBI Official Rate and the CBI reported Market Rate has been as low as 11 dinars.  When considering the CBI's commission for selling dinar (the gurus report this to be 6 dinar)...the difference between the Official and Market rate has been only 5 dinars.   Stay tuned for what the gurus think all this means for the future of the dinar...  [the latest guru posts will continue below...]
5-2-2018   Newshound Guru Kaperoni   There can never be a substantial RV or RI...to the Iraqi dinar it's simply just not possible. There is too much currency in circulation.  Everyone would love to see a substantial increase over night, it's the fantasy, it's the dream but that's just not how things work and in this case it's also not how monetary policy works.  If there's ever going to be an increase in the Iraqi dinar it's going to have to be gradual overtime.  And like I said if it's ever going to continue to improve it will be done gradually. The good news is if investors come as expected and there is a substantial influx of capital, the exchange rate should also rise.

5-2-2018  Newshound Guru Breitling 
 ...What would be the optimal time for Iraq to revalue?  This is just my opinion.  I have not heard them talk about this and there are no articles attached to this…it very rare that I throw my opinion out.  In my opinion they should revalue before the prices go down in energy…if they wait for the oil prices to go down too far then they can only make money off revaluing their currency…What’s the date?  I don’t know.  What’s that rate?  They are going to have to have enough to compete in the world.  In other words they have to have a price that people can go out and invest...for people to take the dinar seriously.  So it’s not going to be at a tenth of a penny.  It’s not going to be two cents.  It’s not going to be ten cents.  It’s going to be up there…the currency has to be able to compete with the Euro and the US dollar.  And that’s how it works and that’s what’s coming down the road.  It’s all based on energy and the projection of energy…

5-2-2018   Intel Guru Bruce   ...We are waiting for a manifestation of their new rate.  We have been looking for it to show on their new CBI site... More evidence on the bank screens...We know it has been traded on the back screens. It has been on then off for days with a blinking flashing rate. We know it has come back on with a trading range. They have been playing with it the last week or two.  Now it should be solid, and hopefully we will find that out if not tonight, but tomorrow [Wednesday]. This is what we were looking for to happen. My understanding is our President Trump sort of initiated this for Iraq late last night. This gives Iraq their sovereignty. ...Not only did they finally get permission to revalue to do that, their ATMs have the lower denominations and have value now, and that can move forward.   [post 2 of 2]

5-2-2018   Intel Guru Bruce   First of all I got word this morning [Tuesday] from couple of different sources that last night...that Iraq had effectively revalued. Of course, here is the thing.  We knew they had a new in country rate for a while, their Qi cards had been active, and they had the new Visa Qi cards in addition to the Master Qi cards. The Visa Cards were tied in with the Rifadain Bank those cards are for the portion of the oil revenue sharing that the citizens receives every month on their new Visa card...Saturday was the first day they were really to receive any funds on that.  ...Their markets were closed today on May 1st. China and Iraq markets were closed. They were not trading. Their banks were closed.  They revalued late last night into the overnight our time but nobody was there to hear it. In this case the reevaluation took place but we haven’t seen it yet. We were able to get confirmation from several other sources throughout the day that Yes it in fact did happen. Do they want us to know about this yet? Probably not.  [post 1 of 2....stay tuned]

5-2-2018   Intel Guru Frank26  [via sunny]   Iraq has no need for chip technology unless they are going International.  Visa and MasterCard International would have never signed an MOU (Memorandum of Understanding) if Iraq was not out of Article 8.  Around Nov, Dec of last year,  MC and VISA came to Iraq bragging about bringing the cards into Iraq.  Did you see them sign any Memo’s of Understanding?  They did a few days ago.  They cannot do that under a program rate.  The monetary reform is creeping up on us every day.  They have to have a tradable and International currency.  It is that simple...   MC and VISA could not sign anything like that if Iraq did not have an International currency.

5-2-2018   Intel Guru RayRen98
    PM Abadi was on Iraqi TV indicating an unprecedented move and historical event for the Iraqi economy. He stated that the auctions have declined and will continue to decline. The Supreme Federal Court has stated that the Article 140 is one of the important articles of the Constitution and must be implemented immediatelyThe Council of Ministers announced intentions to implement the programs followed by Rafidain Bank.  Cleric Sadr is on Iraqi TV campaigning a second term for PM Abadi. (Will wonders never cease? LOL)  Discussions are surfacing regarding citizen's payments being adjusted to match those same types of payments in other countries.

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