Tuesday Midnight Guru opinions - 4/16/2019

[ronscarpa]

 

4-16-2019 Newshound Guru Chattels  Article "Iraq's central bank announced on Tuesday that Iraq's foreign currency reserves rose to $ 62 billion. "The bank's foreign exchange reserve rose from $ 40 billion to $ 62 billion," said Central Bank of Payments director general Doha Abdul Karim. "The central bank has managed to control the level of inflation and maintain prices and maintain the purchasing power of the national currency, and adjust the exchange rate and close the gap."  The Iraqi Central Bank, on July 12, 2018, that Iraq's foreign currency reserves amounted to 55.7 billion dollars, noting that Iraq has 89 tons of gold."

4-16-2019  Newshound Guru Kaperoni   Most people that follow me know what we're waiting on before will start to see any activity as far as the currency rising in value. But for those that don't know I'll recap a few of them...It is a must that they finish filling the final three or four ministers that are missing in the new government.  Parliament needs to start passing some laws. These laws will make it more appealing for investors to come to Iraq. There are several still outstanding.  Stability still needs to improve in some areas mostly outlining areas where construction will take place...(Post 1 of 2)...

4-16-2019    Newshound Guru MilitiaMan   Article:  "The stock market continues its high rise"  Quote:   "The number of shares traded 1,1 billion shares valued at 820.5 million dinars"  The volume has been increasing since ealier last week. A good sign confidence is gaining traction...imo A good thing!
 

4-16-2019   Newshound Guru Kaperoni    The dinar can never RV...The dinar will float, and will rise gradually over time as investment come to Iraq...not overnight.  Be patient.   ...several good banking articles today including one from the IMF talking about the agreement they have with Iraq to diversify their economy...exactly what we been saying for years.