Wednesday, June 27, 2018


6-27-2018   Newshound Guru Kaperoni   The Arab International Banking Conference is coming up at the end of this month on the 28th 29th in Paris. Iraq is participating with a fairly large high level delegation.  Iraq plans to use this opportunity to strengthen cooperation between Iraqi banks with foreign correspondent banks.  In order to prepare the Iraqi banking sector to move towards global prospects.  That sounds to me like they're getting ready to open up to the world's financial system. 

6-27-2018   Newshound Guru Whitelions
   ...everything and I mean everything points to this just about at it's end.  How it happens is where the right fighters get into the gray waters .

6-27-2018   Intel Guru Bruce  ...Now, what we...have is we have an agreement...today...between our Treasury and the IMF regarding some of the countries and the Far East and their rates.  ...It is good because those who were involved were getting down on the wire on it, and now we can move forward, and get this thing completed for us. ...a lot of funds have moved in the 32 international banking institutions globally...not just coming to us here in the United States. This is for all around the world...it seems at the last minute in a way, but they have this thing timed out...That is a very positive piece of news for us, because things are moving in the direction where we should be able to get started here in short order.   ...we anticipate things around July 4th to be very good. We anticipate the public starting in the vicinity of July 3rd. ...We are looking forward to a great week....

6-27-2018   Newshound Guru Kaperoni   ...with 60-plus trillion dinar in circulation, if you're expecting any kind of overnight event you're dreaming other than a LOP...a one-to-one rate or higher then it's going to be a LOP.   Moving to a float is the right thing to do and it allows the world to set the value as well as counter inflationary pressure created by investment. Such a move will not give any kind of overnight RV or RI but a gradual appreciation overtime.  And we may have to wait several months or even a year or more for it to rise to a level that we all are comfortable with.  Just remember monetary policy is not a random event that every action the CBI takes has a purpose.  [post 2 of 2]

6-27-2018   Newshound Guru Kaperoni   ...I believe the CBI will leave the peg and float the currency allowing the currency to rise gradually.  What that means is the value of the dinar will go up but just not overnight. I believe it could take 6 months to 2 years for it to reach parity with the dollar once it begins. Again keep in mind there's a lot of factors that play on how fast a dinar rises primarily how fast investment comes into the country. That is why it's important that the CBI properly prepare everything. Not only the banking system but the laws to support investment and having a stable investment climate.  [post 1 of 2....stay tuned]

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