Saturday Night Guru Opinions @ 10:40 PM EDT - 9/21/2019

[ronscarpa]

 

 

9-21-2019   Newshound Guru Whitelions   the news coming out is Fantastic we all should be very excited...

 

9-21-2019   Newshound/Intel Guru Mnt Goat   ...I have said over and over again that the next step is to issue the smaller of the small category notes and coins (250,500 and 1000 already issued) and then to change the program rate by deleting the zeros. For instance, a program rate of .00083 will become .83 or 83 cents. It will still remain pegged at the de-facto peg solely to the US dollar at this point, as it is today. ...Is this changing the rate? Yes...  The goal of the CBI is to monitor the inflation rate after they make this next move. This could be 3 days, 3 weeks or 3 months. My take is it will be about a week... (post 1 of 2)... 

9-21-2019   Newshound/Intel Guru Mnt Goat   ...I am reassuring everyone now that the step following this one is to reinstate the IQD and NOT to move the program rate to the exchanges such as FOREX but rather to re-peg the IQD to an SDR basket. This and only this, is what is going to force the rate to change from the program rate they have today...If all goes according to their target dates this could occur any day now. We are already in mid-September. But remember this is not the reinstatement and we can not yet go to the bank to exchange. This is solely going to happen inside Iraq...They are also not going to post anything in the Gazette when the reinstatement happens. It will appear in the news channels as this is the place for this kind of news. The Official Iraqi Gazatte is NOT a news source...(post 2 of 2)... 

 

9-21-2019   Newshound Guru Jeff  ...if you look at what Iraq has started going through September and then what they have slated for October...just based on facts using common sense...reaching the end of September is kind of an ending period and starting at the beginning of October is more of a new beginning period because look at 10-1, they have that new NASDAQ software coming online.  They have a brand new CBI governor coming on board...10-1 is more of a new starting period versus September...

 

9-21-2019   Newshound Guru Kaperoni  If they launch the market economy as they have been aggressively trying to move towards and have presented it to be included in the budget of 2020, then I see no reason for a LOP...at that point I would see the CBI...moving to a float to allow the currency to appreciate to offset inflationary pressure created by that influx of capital...Remember the number one job of the CBI is to maintain monetary policy and reduce inflation...The IMF is specifically referencing the Balassa -Samuelson effect as the outcome for the dinar. That is a fact...(Post 1 of 2)... 

9-21-2019   Newshound Guru Kaperoni   Quote:  ..."staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect,"    ...The IMF is asking the CBI to create the conditions to float the currency to allow it to appreciate based on the Balassa -Samuelson effect...(Post 2 of 2)... 

 

Good Night Everyone....Be blessed..!  RON