Wednesday Guru opinions - 12-05-2018

[ronscarpa]

 

12-5-2018   Newshound Guru MilitiaMan    Article: “The 2018 Annual Conference of the Central Bank of Iraq .... The harvest of achievements and the start of the development process for the year 2019”  Timing for the 10th. They will end 2018 on the 10th and that happens to be a Holiday announced yesterday. It is expected based on the above they'll have a new government cabinet and start the process of economic reform.   ...Nusairi...says Alak and his teams have made exceptional efforts in restoring relations in the Arab and Foreign Central Banks over the past four years.  The CBI has met with the UN, WB and IMF which is telling us the CBI has strengthened the CBIs economic resilience and achieved financial victory. ..(post 1 of 2....stay tuned - more coming)...

 

 

 

12-5-2018   Newshound/Intel Guru Mnt Goat   I agree with Kap [Guru Kaperoni] in that the CBI has told us this is a 3 year process. So we are now at the end of this process. In fact if we get out of this year we have passed it.  But remember the CBI just can’t trigger the event in a day and expect to transition the currency over that same day. It takes time and there are mechanisms to put in place over months if not years. One such mechanism was “electronic banking”. Another we can clearly see was the ATMs. In March-Oct we witnessed yet another the effort to get the people over to using the lower category notes. But this third mechanism only works because these other two mechanisms were already in place. If you are studying this process to delete the zeros you can clearly see the progression of what the CBI is doing to get them to the reinstatement timeframe.

 

12-5-2018   Newshound Guru Kaperoni  The launch of "golden opportunity" summit with 50 international companies has begun in Iraq. 

12-5-2018   Newshound/Intel Guru Mnt Goat   Article:  "A "GOLDEN OPPORTUNITY" FOR IRAQI RECONSTRUCTION"   Quote:  "...WILL OPEN THE WAY FOR PRESENTING LARGE RECONSTRUCTION OPPORTUNITIES TO INVESTMENT COMPANIES..."  Oh – yet another investment conference. ...There are still 111 bills carried over form the last parliament that need to be addresses. Many of these bills relieve the barriers in doing business within Iraq. So they can have all of these investment conferences they want but until they get these bills passed they are still going nowhere. Too bad they just can’t seem to work together to get this country moving forward. We can appreciate all that Hader al-Abadi did and so let’s not cut him short on his accomplishments.

12-5-2018   Intel Guru Footforward  To be clear, it's my opinion the rate will be well above 86 cents...

 

12-5-2018   Intel Guru Bruce    We are getting down to the very end.  ...Iraq on Sunday morning...took their rate and made it tradable...and in 8 seconds after it was on the Forex available to be traded, it was traded up.  It has been traded up ever since and it continues to go there.  Even yesterday it went over from $6 to $6.50, and I do not know where it is now. I am just saying that it is moving in the right direction.    I will say this as well. The Vietnamese dong at this point is within 6% to 8% of the Iraqi dinar.  It should stay there within 6% to 8% because they are trying to level the playing field with the dinar, the dong, and I do not know how many other currencies are going to be that close on par, but I do know those two are relatively close.  You can forget all that .47 cents for the dong...because it is going to be much higher than that...(post 1 of 2)...

12-5-2018   Intel Guru Bruce   Sunday morning at 4 am Baghdad time which was 8 pm EST Saturday night that was the shot that was heard around the world. That was the term it was called.  It is supposed to have been a 3 day turn before we get a pretty close heads up we are about ready to go.  That would put us somewhere between now and tomorrow morning [Wednesday].  I am just going to say this is not definitive exactly what the timing is.  However, it is a good indicator things are moving right along.  We know Iraq is supposed to put everything tomorrow into the Gazette.  I believe it will include a rate.  ...Then I think we are very close....(post 2 of 2)...

 

 

[Heavyduty053]

Thanks RON

 

[ronscarpa]

15 hours ago, Heavyduty053 said:

Thanks RON

 

 

You're welcome Heavy ... anytime, my friend..!  Thank you...