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Sunday, May 6, 2018

DINAR GURUS UPDATE, 6 MAY

5-6-2018   Newshound Guru Kaperoni   The IQD exchange rate is the official rate of the dinar. It is not an artificial rate or a program rate...  The CBI has not referred to it as such and if so it would be posted as so on the CBI website... To explain how the rate came about we must go back to post war under Saddam. After the Gulf War, Iraq replaced the old “Swiss” dinars (as they were known because they were printed in Switzerland) with “Saddam” dinars, and then printed ever larger quantities to make up for the government’s chronic budget shortfalls.   Though the government maintained the official exchange rate of Saddam dinars at 0.3 to the dollar, the black market exchange rate reached 2,000 to the dollar by the time Coalition Forces attacked Iraq. By the end of April 2003, their value was around 3,000 to the dollar. Until a new system and currency could be established (IQD), the dollar was the “official” currency. The dollar has circulated widely in Iraq for years. By some estimates, Treasury officials say, as much as $500 million may have been circulating before the war. Once the new currency (IQD) was printed and delivered the CBI introduce the new dinar at a 3000 to $1 exchange rate under the guidance of the IMF and Article XIV known as “transitional.”   [post 1 of 4....stay tuned]

5-6-2018   Newshound Guru chattels 
 "...1001 Iraqi Thoughts commissioned a public opinion survey in Iraq to gauge the popularity of competing parties ahead of parliamentary elections scheduled for 12th May...."  The results show a number of key findings:  Some 60% of people overall support a second term for Prime Minister Haider Al-Abadi. His popularity is highest in the three liberated provinces of Ninewa, Salahadin and Anbar. Even in the Kurdistan Region, Al-Abadi enjoys support from over 50% of those interviewed.  The popular vote as to a favored coalition is decidedly for Abadi's Victory list. Three to one as to Sadr and Ameri and almost 5 to 1 as to Maliki / State of Law..."   Six (6) days remaining until the election.

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