8-4-2018 Newshound/Intel Guru Mnt Goat
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8-4-2018 Newshound/Intel Guru Mnt Goat
Admin Sat Aug 04, 2018 4:28 pm
We know that the Iraqi Stock Exchange (ISX) has been up and running for years now. Up to this point trading has been exclusively within the boundaries of Iraq. Now they opened it up to the rest of the world to get in and trade. This is all this is. Is this GREAT news for us and the RV? Yes, Yes, Yes but I would not hype it all up or connect this with other pieces of information...to form a bigger picture that the reinstatement is now taking place. It is great news and very much a move in the right direction for the Iraqi dinar. Why? For three main reasons: (post 1 of 3....stay tuned]
1. Since on the global trading platform it can create a demand for the dinar since traders will have to first convert their currency to dinar to trade. This demand will drive the rate up. But remember this is still the program rate and the CBI has not yet reinstated the dinar on the global trading platforms. We must NOT lose site of this fact. 2. It is the first time we see the Iraqi dinar “formally” going out globally. I do not consider these online internet sites selling dinar and other currencies global. They are merely “currency brokers” not trading platforms. The banks too are now operating under the same premise for the ones now selling and buying the Iraqi dinar. [post 2 of 3.....stay
3. Dr. Sinan Al-Shabibi, when head of the CBI, told us many years ago that the reinstatement process would be a very long process. We are now witnessing what he meant by this statement. We have witnessed the international banking and financial reforms, laws against corruption, measures taken against counterfeiting and money laundering, electronic banking to limit the money supply to 2/3 of what it was simply by not paying out billions back into the streets each pay day and now the ISX going global. So what next can they do? How about the final dead [deed ?] of the reinstatement? But we don’t know what we don’t know so what other events or reforms are on the agenda prior to the reinstatement? All we can do is sit tight and watch. [post 3 of 3]
1. Since on the global trading platform it can create a demand for the dinar since traders will have to first convert their currency to dinar to trade. This demand will drive the rate up. But remember this is still the program rate and the CBI has not yet reinstated the dinar on the global trading platforms. We must NOT lose site of this fact. 2. It is the first time we see the Iraqi dinar “formally” going out globally. I do not consider these online internet sites selling dinar and other currencies global. They are merely “currency brokers” not trading platforms. The banks too are now operating under the same premise for the ones now selling and buying the Iraqi dinar. [post 2 of 3.....stay
3. Dr. Sinan Al-Shabibi, when head of the CBI, told us many years ago that the reinstatement process would be a very long process. We are now witnessing what he meant by this statement. We have witnessed the international banking and financial reforms, laws against corruption, measures taken against counterfeiting and money laundering, electronic banking to limit the money supply to 2/3 of what it was simply by not paying out billions back into the streets each pay day and now the ISX going global. So what next can they do? How about the final dead [deed ?] of the reinstatement? But we don’t know what we don’t know so what other events or reforms are on the agenda prior to the reinstatement? All we can do is sit tight and watch. [post 3 of 3]
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