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Latest Guru Opinions - Saturday - 1/12/2018


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1-12-2019   Newshound/Intel Guru Mnt Goat   Article:  "Iran pushes Iraq to maintain trade without US dollar This has NOTHING to do with the CBI determining when to reinstate the dinar. There is absolutely no connection for pressuring the Iraqi central bank. Will a reinstatement of the Iraqi dinar actually be good for this situation? Actually NO, and so why would the US push the CBI to use the dinar in place of the US dollar.   If it were a good thing the Central bank could they just end the currency auctions and use dinar to trade with Iran. But the fact is it is NOT that simple and the other reasons why Iraq has not yet reinstated their currency still exist. ...They can’t just RV or RI cause they need to trade with one country in the middle east. It does not make any sense.  ...In the long term this pressure from the US to have Iraq more independent from Iran is the BEST thing that can ever happen to Iraq.



1-12-2019   Newshound Guru Kaperoni    So some are asking the significance of why the government needs to be offically formed for the IMF to engage with Iraq Usually on these types of agreements a legitimate government is needed for validating/confirm signatures.   [The normal cycle for Article IV consultations for countries under a program is 24 months. Thus Iraq is not due for an Article IV until the summer of 2019.]   Wrong.  Iraq under it's programs meets annually.  Not to mention, the representative to Iraq told me directly they will not meet with Iraq until the completed formation of the government...



1-12-2019   Newshound/Intel Guru Mnt Goat   ...we know Iraq has the plan to coincide the smaller category notes with the larger 3 zero notes together. We know this because the central bank of Iraq itself has told us. This is what really is going to make us rich someday. ...If Iraq was going to just “lop” they would have done it already.



1-12-2019   Intel Guru RayRen98   Parliament ended their session today with no mention of a cabinet vote... 



1-12-2019   Newshound Guru Kaperoni  Great new article from the World Bank talking about Iraq's GDP going from 1.9% in 2018 to 6.2% in 2019.  How?  Unless they open the banking system to the world for global investment.

 

 

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