Friday Midnight Guru Opinions - 5/10/2019

[ronscarpa]

 

5-10-2019   Newshound Guru Adam Montana    Ramadan is officially under way, and for once in this wild ride... I'm very pleased to see how things are moving.  OF COURSE there are going to be snippets about things being pushed back to outside of Ramadan, but we're not even a week in and we are already seeing a difference.  Not only are Parliament meetings continuing as of tomorrow (Saturday), but we're finally talking about OIL!  OIL has been missing from the news over the last couple months, and I was expecting it to resurface shortly. It is unusual, but not surprising, to see it popping up now.  I say it's not surprising because even though it's Ramadan, the timing is right.  This time around, they may just surprise us.

5-10-2019   Newshound Guru Kaperoni   They can float anytime.  Moving to Article VIII only means the CBI and its banking system meets a level of compliance equal to the rest of worlds banking system.  Thus should make the dinar more acceptable worldwide.  Investment laws need to be passed still.  In order for the investment community to put money in Iraq to rebuild they need laws, stability and validation from the IMF. When investors to come it will create pressure on the banking system allowing the currency to raise in value.  So the bottom line is ...until they have a private sector (laws), and move to Article VIII to open the banking system, investors will not come and with no investment the dinar will stay where it is.

 

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