Thursday Night Guru Opinions @ 10:40 PM EST - 11/07/2019

[ronscarpa]

 

 

11-7-2019   Newshound/Intel Guru Mnt Goat   Article:  "IRAQI PRESIDENT BARHAM SALEH SAID ON THURSDAY THAT PRIME MINISTER ADEL ABDUL MAHDI HAD AGREED TO RESIGN" (FYI: but has not yet resigned) ...of course when this announcement was made on Thursday of Mahdi resignation, Iran has stepped in to try to prevent the ouster of Iraqi Prime Minister Abdel Abdul Mahdi by two of Iraq’s most influential figures amid weeks of anti-government demonstrations. Gee whiz who could these two “influential figures” be? Could they be Ameri and Maliki?

11-7-2019   Newshound Guru Kaperoni    Looking at the auctions numbers today Iraq has fell out of 2% compliance.  I would expect that means the CBI needs to start over, sustain it for another 90 days or more once back in compliance. No IMF Article VIII for a while unfortunately...   

[NOTE:  The CBI's official market rate is still within 2% compliance...not sure where he got that information...However, the CBI hasn't updated the market rate since 11/04/2019]..!

 

Edited November 8, 2019 by ronscarpa

[ronscarpa]

In Some cities, I repeat SOME, the rate is reported to have reached 1221 IQD/US$. We wait to see what the country-wide average was to see if they stayed within the 2% compliance range (which is 1213.8/$)...!    

I would think that if they were very close, the CBI might increase the official rate to 1200/$ in order to stay in IMF compliance. This could cause a run on the UD$, after their efforts to de-dollarize the country,