ronscarpa Posted January 2, 2019 Report Share Posted January 2, 2019 1-1-2019 Intel Guru Frank26 IMO...THE MR OF THE IQD IS ENTERING A NEW...PHASE. NO ONE KNOWS THE DATE NOR THE RATE...BUT THAT'S NOT IMPORTANT BECAUSE OF THE EVIDENCE DIRECTLY FROM THE CBI...BOLDLY AND CONFIDENTLY. IMO...THE RI HAS EVOLVED INTO A PHASE THAT WE WAIT FOR TIME TO SHOW YOU... 1-1-2019 Intel Guru Frank26 YOUR FOCUS SHOULD ONLY BE ON...WHAT THE CBI DOES WITH THE RI OF THE IQD...NOTHING ELSE. FOR ALL ELSE WILL AUTOMATICALLY ADJUST POST RI. 1-1-2019 Newshound Guru Kaperoni ...monetary policy is not some random act. Monetary policy is based on statistical analysis. Iraq is not at an artifical currency rate. ...The rate is the current exchange rate that has already appreciated since the dinar was introduced in 2003 from about 3400 to $1 to 1166 to $1 by sound montary policy under Shabibi. And since 2015 the dinar devalued to 1190 to $1 as a result of IMF intervention. This is the true dinar rate. There is no RV or RI. If the dinar is ever going to continue to appreciate it will be based on sound monetary and economic principles. This can only occur if Iraq opens it's banking and financial system and creates a private sector in which foreign investment can come into Iraq. Only then the dinar will appreciate in value via a float. ...As I stated, Iraq has much to do before the dinar can rise. Happy New Years to all. Let's hope 2019 is prosperous for all. 1-1-2019 Newshound Guru MilitiaMan ...I have the opinion that "The longer it takes the more money we make." With that said, my assessment ...on what Alak from the CBI has told us in regard to loans...both the bad and good. He pointed out in the interview that the bad loans were worth $5,000,000,00. (?? $5 Million ??) So...if you take what Alak says, then drop the zeros and do the math. It comes out in the range well over the AAD. Which by the way, to determine the AAD we used the loans they publish, to ascertain the $4.25. Just as we used the IMF / SDR 3x.. Depending on which rate one uses the daily or monthly rate per the IMF SDR, one may find $4.20 + - up to $5.85... imo... (post 1 of 2)....REPOSTED 1-1-2019 Newshound Guru MilitiaMan So, I don't know if they can't come out higher than the AAD or SDR - for a fact, I do trust [Guru] Walkingstick, however, I do believe Alak is the one that has the purse strings at that CBI...So, we watch and wait. It very well may be an AAD rate and then climb later on.. Then again, Iraq has told us they doubled their oil reserves and are finally going to impose taxes and tariffs, claw back assets, liquid natural gas sales, minerals, etc.., therefore all would appear to support system" rel="">support higher values now than in the past. imo... (post 2 of 2)....REPOSTED More speculation that stirs up rumors that never go anywhere...! 1 1 Quote Link to comment Share on other sites More sharing options...
blueskyline Posted January 2, 2019 Report Share Posted January 2, 2019 Thanks for posting these articles Ron . GN DV's... 1 1 Quote Link to comment Share on other sites More sharing options...
ronscarpa Posted January 2, 2019 Author Report Share Posted January 2, 2019 12 minutes ago, blueskyline said: Thanks for posting these articles Ron . GN DV's... You're very welcome blue...(+1)...! Happy New Year...RON Quote Link to comment Share on other sites More sharing options...
new york kevin Posted January 3, 2019 Report Share Posted January 3, 2019 Wow you guys could have use far less words, said absolutely nothing, and achieved the same effect. Wow. The current IQD rate is not a representative rate. IE the current 1190 rate is representative of the CBI's downward managed float, period. It has been managed downward so that the GOI can rebuild Iraq and fight Islamic extremism on the cheap. Remember when went through round 2 and infused more USD into Iraq's economy in the early years, around the time the new IQD was introduced. We did that because the new IQD was so well received it started rising in value ... prior to Iraq rebuilding. Since then the CBI and GOI have kept in down via a hard float guys. 1 Quote Link to comment Share on other sites More sharing options...
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