Monday Night Guru Opinions @ 9:20 PM CST - 4/06/2020

ronscarpa · April 7, 2020

4-6-2020 Newshound Guru MilitiaMan Article quote: "In the context of the corona crisis and its associated cash crisis, a new currency-foreign exchange mechanism or tool should be adopted to support the banking and banking sector, as the central bank of Iraq has stopped selling the dollar in cash to the exchange companies through Banks...and then they make payments according to the customer's desire, either in cash or in the account balances of electronic cards to the public..." This sure looks like the MEETING went well today. They are talking about the NEW CURRENCY! A MECHANISM to support the Banking Sector that will be facilitated by use for electronic cards... Wow, things are moving along now very nicely! imo.

4-6-2020 Intel Guru Frank26 ...IMO the introduction of the new small category notes will be with a fixed rate - regardless if it's pegged to a basket with another currency or regardless if it's pegged to the American dollar...I see 1 to 1 in the country. But then when the dinar is established enough internally and has permeated the banking structure and the markets of the world...then you're going to see confidence being built in the Iraqi dinar...then you're going to see stability for the Iraqi dinar internationally...

4-6-2020 Intel Guru RayRen98 ...News saying after long delay, China is preparing to close the "deal of the century" on oil with Iraq next week. The auctions started back yesterday...after being down since March 17...selling dollars only. News ticker on Iraqi TV broadcasts Al Zarfi saying that his government is ready and will be presented to Parliament within 48 hours.

4-6-2020 Newshound Guru Jeff ...Iraq can produce oil at about $10.70 per barrel. Back in 2016 it only cost Iraq about $11 a barrel to create it...just yesterday [Friday] Brent oil which is what Iraq works on...was already at $34 a barrel..they only need $44 to really fund the country...they only need oil about $45 to $50 a barrel to really fund their costs and obligation to run the country...

:tiphat: