Tuesday Night Guru Opinions @ 9:20 PM CST - 2/11/2020

[ronscarpa]

2-11-2020   Newshound Guru Kaperoni   People need to realize that even though the protests demanded change it substantially slowed progress.   The new PM needs to be confirmed, a cabinet needs to be named and confirmed and parliament needs to get back passing legislation.  Months of delays are expected....


2-11-2020   Newshound/Intel Guru Mnt Goat   ...Just where do we stand with this RV?  I have to tell you the CBI is more than ready to go full force with the process of “deletion of the zeros”. They are just waiting for the new prime minister to get his cabinet in order and ratified in parliament...once the prime minister designate has “REAL” power (which comes when he forms his government and is ratified by parliament) he will begin the process of the reforms. He has already promised by a public statement that he would complete “ALL” the reforms demanded by the protesters. We know that one of them is to end the currency auctions and this one is a very high priority...we could not be in a better position to see the RV sometime within the next couple months. But I bet sooner than later…lol...NO! – we do not need to wait years for a robust economy, as many gurus tell you...

 

2-11-2020   Newshound Guru Kaperoni   [via Zig]   ... "Anybody who researches this investment will know the IMF is the trustee of the CBI. They took control in 2015. Therefore, and it is already been proven that the CBI does with the IMF tells them to do. So one only has to go read the Article IV consultation from a few years ago when Shabibi was preparing to transition. It is plan [plain ?] as day... 14. The de facto fixed exchange rate (that means peg) has served Iraq well. The authorities agreed that a stable nominal exchange rate provides a valuable anchor for inflation expectations in an uncertain environment, and intend to continue implementing this policy for the foreseeable future. In the medium term, staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy (they are talking about a float). Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect, to accommodate a possible real exchange rate appreciation while keeping domestic inflation low...It does not get any clearer than this direct from the IMF. Not only is this the plan but this conforms to monetary policy..."

 

2-11-2020   Intel Guru Frank26   ...IMO Dr. Shabibi is very aware of what is happening and what's about to happen and because of what may happen he is in constant consultation with the Fab 4...the Fab 4...the IMF, World Bank, U.S. Treasury, and the President of the United States of America...

 

 

2-11-2020   Newshound Guru Kaperoni   If the CBI decides go to a new exchange rate regime and gets off the peg and begins to gradually appreciate the dinar via a float, any change in denominations would occur at a similar pace to the appreciation.  No announcement or schedule is needed.

2-11-2020   Newshound Guru Jeff  ...Can it [the rate change] only happen on a Sunday?  ...yes.  and the reason why, remember Kuwait did theirs on a Sunday morning.  This is not just a small rate change.  Small rate changes can happen any day of the week.  This is a massive jumbo rate change.  The reason why it has to happen on a Sunday morning is because it has to happen when all financial markets around the world are closed to control and reduce market volatility because with that size of a rate change being so massive it would...cause tremendous volatility within the financial markets around the world. They don't want that...it's easier for them to do it after hours when markets around the world are closed...