Friday Morning Guru Opinions @ 10:45 AM EST - 3/08/2019

[ronscarpa]

3-8-2019    Newshound/Intel Guru Mnt Goat   [GOI has nothing to do with raising the rate...it is a total CBI decision.]  Oh yes they do...I presented about 6 articles already from the Iraqi news media from members of the parliament, cabinet and economists in Iraq. All say it is a joint decision to go ahead with the project to delete the zeros. It just happens right now they are moving ahead rapidly on it.  ...Dr Sianni Shabibi...said and I quote- "there must be a joint effort to make the decision and the CBI and GOI must work together" - but out of curtesy and not by legal commitment. This means the GOI may influence the decisions and has to pass laws to help the CBI with monetary policy. But the CBI make the final call, The CBI does not run the govt the GOI does. The CBI needs these banking reforms, anti-money laundering and anti-terrorist laws, etc...So in this regard Shabibi knew darn well they must work together...(post 1 of 2)... 

 

3-8-2019   Newshound/Intel Guru Mnt Goat   They are not raising the rate (NO REVALUATION). ...They are going to reinstate the dinar and must fist complete the project to delete the zeros. A result of this process will be an increased new rate on the currency exchanges. Once reinstated the market will drive the rate up on the float. So our concentration is not so much on a rate increase but on a reinstatement process, the rate on FOREX will be the end result...(post 2 of 2)... 

 Happy International Women's Day to all our DV Ladies...Enjoy your day..!  RON