Saturday Midnight Guru Opinions - 4/04/2020

[ronscarpa]

 

4-4-2020   Newshound Guru Pimpy    Article "...the economic adviser to the Iraq Prime Minister Salih...the process of increasing the foreign exchange rate of the Iraqi dinar always occurs during the official holidays.  This is a natural and expected thing due to the current conditions..."    What are they talking about?  They're talking about changing rate after the curfew.  After the crisis...Is the rate change ready to happen?  Is there any other articles out there that support this?  Yes there is!  Article quote "The Finance Committee comments on Friday the central bank's decision to stop the dollar from flowing into the market with the aim of floating the dinar and reducing its value in order to fill parts of the budget deficit and the needs of the government."  What does it want to do?  It wants to lower the value of the dollar by floating the dinar...(Post 1 of 2)... 

 

4-4-2020   Newshound Guru Pimpy   ...what this guy is saying is that the value of the dollar is strong against the dinar.  They need to do something about that...We all know if they float the dinar that's based on supply and demand.  We all know there's a lot of people that want to buy dinar...So what they need to do is lower the value of the US dollar...How are they gonna do that?  By floating the dinar and allowing the rate to increase.  Go ahead, do the pee-pee dance!  It looks like a lot of this is lining up...quote "floating the dinar to fill part of the state's budget deficit is impossible.  But it may be in harmony with the current situation to compensate for the shortfall of the oil revenues."  They're saying look we need to do something to fill in the budget gap because of the shortfalls of the oil.  And how do you do that? ...They need to increase the rate...we might be at the doorstop.  Finally people!  Let's not get overly excited.  But it's starting to look really really good...(Post 2 of 2)... 

 

 

4-4-2020   Newshound Guru Chattels   Mahdi has "stepped away" but he has not "left his post", It is a curious constitutional posture from what I understand.  Zarfi's government, people and policy program, are arguably dead on arrival.  Both Ameri and Maliki oppose him.  The Kurds have said that they will not support any PM designate without a Shia consensus favoring that candidate.  While I put my money on an increase in value of the dinar, I must allow for the probability that Mahdi will stay until elections in 2022 if the/any government survives.

 

[DIAMOND]

Wishs an dreams, wishs an dreams HUH Ron lol

[Synopsis]

7 hours ago, ronscarpa said:

the process of increasing the foreign exchange rate of the Iraqi dinar always occurs during the official holidays.

 

Ramadan 2020 in United States will begin in the evening of

Thursday, April 23

and ends in the evening of

Saturday, May 23

Dates may vary

 

Hopefully, the "holiday" is before Ramadan.

 

Looks like they did a back corrupt weekly Bicraqi Iraqi CBI currency daily auction TODAY for over two (2) weeks ago!!!

 

Foreign Currency Selling Window for 18/3/2020 that performed on 5/4/2020

 

Announcement No.(4166)

Sale Date -  18/3/2020 that performed on 5/4/2020

Details	Amount
Total sale for the purpose of strengthen outside assets (Transfers and credits)	245,669,143
Total sale cash	0
Total sale amount	245,669,143

Note:

• Selling price of remittance money to bank accounts outside is (1190) ID for each Dollar.
• Cash selling price is (1190) ID for each Dollar.

 

https://cbi.iq/currency_auction

 

Go Moola Nova!

Edited April 5, 2020 by Synopsis

[Artitech]

Well they had their auction! Back to the drawing board! 🤠!

[boosterbglee]

I remember all the optimism about Ramadan last year.....and the year before that .....and the year before that and........etc!  

[happygilmores]

All this talk about a float... Just flush the damn thing already!