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Thursday, June 28, 2018

DINAR GURUS UPDATE, 28 JUNE

6-28-2018   Newshound Guru MilitiaMan   Articles:  “Union of Arab Banks Honors the Governor of the Central Bank of Iraq Ali Alalak as the best governor in the Arab world for the year 2018”;  “Special - Ali Mohsen Ismail (Ali Alalak ) Best Governor of an Arab Central Bank .. Who is he ?”   A job well done and now banks are all closed in Iraq and don’t re open until the first of July.. - fascinating.  Who is heHe will be imo, not a proxy Central Bank Governor much longer.. He appears to have completed the task of economic reforms to date and the next half of the year shall be less a few zeros internationally and locally.. Imo we shall see...

6-28-2018  
Newshound Guru sandyf   From 2014...In an interview with IraqiNews.com al-Bajari said  “The policy to delete zeros from the Iraqi currency is ready to be executed by the Central Bank, however, its implementation will be delayed by 5 years on the basis of the extreme security and political situation of the country.”   Redenomination is outside the scope of the CBI and would require a Bill to go through parliament, months at least. Preparation for a redenomination is usually in the range 12 to 18 months prior to the preferred dates of Jan 1st and July 1st.  Should Iraq decide to proceed with a redenomination during the next parliament then the most probable date would be 1st January 2021...

6-28-2018   Newshound Guru Adam Montana   [...Am I correct in believing that there is almost nothing that OPEC can or will do it that will have any effect on the RV?...]  Iraq  is still in prime position to take advantage of everything OPEC has done over the last couple years. It's almost like they are setting Iraq up for success! But at the same time, OPEC won't "force" Iraq to RV - their actions and positions are only encouraging them to do so.  

6-28-2018   Intel Guru RayRen98   ...Some military folks are going back to Iraq for various purposes, and they have been told NOT to take US dollars as the country is revaluing the currency, and US dollars would have to be converted when they get there.

6-28-2018   
Newshound Guru Kaperoni   ...i stand corrected 47 trillion dinar in circulation and its expected to go up through the end of year.  [reference Guru Kaperoni post 6-27-2018...post 2 of 2]

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