Monday Morning Guru Opinions @ 11:35 AM CST - 2/17/2020

[ronscarpa]

 

2-17-2020   Intel/Newshound Guru sandyf   [Does Iraq have to be in Article 8 status to have an international currency...]  ...The question is invalid as there is no set definition for an international currency. The term is based on a vague set of parameters mainly about convertibility and how much is us used in international trade, very few currencies are considered to be international in that respect.  Article 8 makes a currency internationally recognized, something completely different. The terms of Article 8 ensure that a country must guarantee redemption of that currency and international banks are reluctant to handle a currency without that guarantee. Article 8 does not prohibit a bank from dealing in an art 14 currency, there are a few in this area and the local banks deal with them. Neither is Art 8 a restriction on a country changing the value of it's currency, I think it was 2014 when the Myanmar currency went from about 6 to the USD to around 900 to the USD. The largest official change in the value of a currency ever seen.

2-17-2020   Intel Guru Frank26  ...I don't like the idea of people going to a mom & pop bank.  Or a credit union.  These places are not  capable of taking care of you.  They will take your dinars and send them to a bigger bank for authenticity.  You don't want to separate yourself from your dinars.  Please - ok?...

2-17-2020   Intel Guru RayRen98   ...News sources are saying that 19 of the 22 cabinet names are acceptable. The last 3 are being blocked from the Kurds and Allawi is working on the last 3 issues.  Breaking news on Iraqi TV -  after all day meetings and deals, the passage of Allawi's cabinet could be in the coming hours.  Sunni blocs, at 11:09 PM Baghdad time, confirmed their support for Allawi and he is expected to convene Parliament to take the vote. Time Will Tell...