Tuesday's Guru Opinions - 10/23/2018

[ronscarpa]

 

 

10-23-2018  ***Dinar Information Update***  Here are  the CBI official rates for the dinar:    ( Updated: 10/23/2018 on the CBI Website )

Official Central Bank of Iraq (CBI) Dinar Rate: 
1190 IQD to 1 USD

Dinar Market Rate:  (CBI last reported 10-8-2018)
1208 IQD to 1 USD

The official exchange rate and the CBI reported market rate.  Members have noticed the CBI has NOT updated the market rate since October 8th...that's over two weeks.  The CBI generally update this number every business day or every couple of business days.    I wanted to let you know, the numbers shown here are the official CBI numbers.  This delay is a little out of the normal behavior from the CBI but we'll have to keep an eye on it to see if it means anything...they have delayed updates in the past. Stay tuned to see if any of the Gurus feel this is something interesting and meaningful or not. 

 

 

10-24-2018   Intel Guru ADMINBILL  I remain very optimistic regarding our future. The timing remains in question with several contacts believing October into mid-November possible.  What happens in Iraq is window dressing...

10-23-2018   Newshound Guru ChrisC   ...Do the people know they are going to be revalued?  Logic would say yes and the second article is just a final statement from the CBI of timing and instructions. They went to a lot of trouble and put the people through a lot of hardship removing the 1000, 500 and 250 out of the market just so, apparently, the people wouldn't be confused with the new design. I remember when the new 100 bill came out here.  It was a little of a surprise to see it but in a few days it was no big deal.  I fully expect this to happen soon. It is absurd to think Iraq will not have a strong international currency...

10-23-2018   Newshound/Intel Guru David M. Witty   Source says incoming Iraqi PM Abdel-Mahdi turns down Maliki's request to make Malaki's son in law minister of Youth & Sports. Also turns down Maliki's request for Dawa Party member to get Oil Ministry.

10-23-2018   Intel Guru Delta   [via Clare]   Nov. 4th Iran sanctions - toughest ever...SWIFT will be disconnected... can not wire money or use USD.  IHO...CBI knows exactly what will happen...needs to act fast...IQD attractive right now...more demand on IQD now! Iraq is all the focus right now "Babylon is going to rise"...All eyes on Iraq...will be very successful!

10-23-2018   Intel Guru RayRen98   Iraqi TV reported that Parliament will hold its session on Thursday but cabinet-select names won't be disclosed or voted upon until next week.

10-23-2018   Intel Guru Frank26  [via Clare]   Let's Make it to the Finish Line...The Blessing is well calculated...Symposium @ University of Ceyhan...hosted by CBI representatives...on Iraqi Currency..."Hot Topic".  WS's [Guru Walkingstick's] firm was there...talking about  LD's (250, 500, 1000) coins are still currency in translation (LD's or small categories)...We are waiting for Art 2 ...from the CBI...it will contain pictures/ descriptions/date of RI/ metals will be part of 2nd Art, which only work when 3 zeros are lifted from exchange rate...Hundreds asked questions at the end... WS's firm representatives of 4 banks in Iraq have also asked questions & already have been told, MR is happening.

10-23-2018  Newshound Guru Phillyman   Article:  "Parliamentary signatures to pass Abdul Mahdi's cabin through secret ballot"  Quotes:  "...the political blocs will vote on the government of Adel Abdul Mahdi after reviewing the biography of the ministers, and any minister whose career does not meet the specifications wanted by the Iraqi street, will be rejected nomination.";   "...the Prime Minister-designate will present his cabinet to the House of Representatives on Thursday or the beginning of the last week of October to vote."   Some in the dinar world suggest that the monetary change is tied to the formation of the new government.  Making the leap that this article is true it looks like that may be delayed a little.

 

Blessings to you all...!  RON

 

Edited October 24, 2018 by ronscarpa