Tuesday Midnight Guru Opinions - 4/07/2020

[ronscarpa]

 

 

4-7-2020   Newshound/Intel Guru Mnt Goat   Article:  "WASHINGTON INTENDS TO MONITOR THE CENTRAL BANK OF IRAQ UNDER SUPERVISION FOR ITS INVOLVEMENT IN WITHDRAWING THE DOLLAR ILLEGALLY"   As we all know the CBI stopped selling the dollar at the currency auctions on around March 17th. So just recently they began the auctions again. They were forced to shut down due the illegal sales of the dollar to Iran that circumvented the US sanctions. A team of US specialists entered Iraq and worked with the CBI to find ways around the corruption. Now that these measures are in place, the auctions were restarted. This monitoring process will continue. The CBI must get within the 2% compliance again. No, they do not necessarily..!

4-7-2020   Newshound Guru Jeff   After the rate changes...I've already talked to Wells Fargo private client services privately...Private Client Services is not a bank branch they're a division of Wells Fargo that actually invest money for you.  They said depending on the amount of dinar you have they can actually exchange foreign currency at a lower price and lower fees and rates than the actual bank branches can.  We're finding out that bank branches are probably gonna do it about 1-ish% based on the amount of dinar you actually have...might be able to get reduced fees around 1/2 a percent on exchange...