1-22-2013: Iraqi Dinar Guru guesses!!!
1-22-2013 Newshound Guru Kaperoni It’s pretty much the entire plan laid out. I will just add, IMO, the float must start ASAP…they are following the National Development Plan 2010-2014. Remember what the World Bank said would occur in 2014? Iraq would be a “donor” state. Therefore, the dinar must have value, and the deletion process must be done before then. There also have been articles that say that they will delete the zeros in 2014 which means the the value will be 1 to 1 or higher by then and the transition will be complete.
1-22-2013 Newshound Guru Kaperoni CBI Study: “CBI: CBI study entitled: Central Bank of Iraq and the evolution of monetary policy” Looks like these were from the UAB Jan 11-12 CONFERENCE BAGHDAD just last week. Quote: “Achieve stability in the exchange rate of the Iraqi dinar in the context of a flexible exchange rate system orbit.” That means free float! Google it! And this great quote: “the issuance of currency – moving towards maturation of the project to delete three zeros from the Iraqi dinar, any so-called reform of the currency management system (Rebasing).” So as the dinar goes up in value, they will issue new smaller notes – as they say…”moving towards maturation of the project to delete three zeros from the Iraqi dinar” In other words, as the rate rise, the zeros will come off dinar automatically. That is a RV (float) over time.
1-22-2013 Newshound Guru Med IT APPEARS THAT THE FIRST REAL PROOF OF DEMOCRACY MAY BE HAPPENING TODAY IF THEY SUCCEED IN REMOVING THE MINISTRY OFFICIAL TODAY THEN THEY PAVE THE WAY FOR MALIKI. AFTER THEY INTERROGATE [MALIKI] WHETHER HE COMES OR NOT, IT IS AFTER THAT INTERROGATION THEY CAN DO A VONC [VOTE OF NO CONFIDENCE]. [but what about Shabibi, he wont release him from the warrants do you think?] IF MALIKI IS BOOTED AND I AM PRETTY SURE HE WILL BE, ALL THAT WILL DISAPPEAR.
1-22-2013 Intel Guru Ocrush It seems we are still on track. The budget will be ratified and will wait till the last minute to release it. Early next week they should vote and amend the banking law. Specifically Article 28 to allow the private banks to participate internationally. We should see articles on this shortly. Also watch for the new flag and anthem to be published in the gazette. So far no hiccups, all is good.
1-22-2013 Newshound Guru Tlar Most accounting systems are done on a comparative basis. You are comparing month to month, quarter to quarter and year to year. If you have one period ending in lets say a number under the old system and the next quarter ending in the new system, it is relatively easy to convert the two end results for direct comparison. It’s just easier. Thats why Shabibi insisted on starting on a new accounting period. He wanted first to start on Sept 1st, the last quarter of last year and then his next try was on January 1st the first quarter of this year.
1-22-2013 Newshound Guru Tlar The bank is ready as they have announced. If they intend to hold fast to starting at a new accounting period, April 1st is the next new accounting period. I know I’m going against the grain but I truly believe this will no longer be a float. I believe we are looking at a straight RV. I don’t believe there is enough dinar in Iraq to float. The IMF has been baby sitting/protecting the CBI during this period. I believe the number will be 1 to 1 either April 1st or July 1st. My money is on April.
1-22-2013 Newshound Guru Tlar Maliki has been the major obstacle to economic reform in Iraq. With him gone things should immediately start to happen economically. This time Iraq will follow the advice of the IMF and the international community. Turki has spoken in the past of support for the removal of the zeros. He has held steadfast in following Shabibi’s lead in buying as many dinars as quickly as possible.
1-21-2013 Intel Guru SteveI [Can you guys think of anything that can stop the good progress we hear coming from Iraq and your contacts?] I truly cannot see anything stopping it now. They will be adding the surplus from 2012 to the 2013 and when that is approved, it should be a done deal.
1-21-2013 Newshound Guru Med TODAY: #1 SALEH HAS BEEN RELEASED. #2 THE BANKS WITHIN IRAQ WANT TO GO GLOBAL. #3 THEY HAVE ANNOUNCED THAT THEY HAVE NOW SECURED 190 VOTES TO KICK MALIKI OUT AND THEY LISTED THEM…40 SADRISTS, 20 ISLAMIC COUNSEL, 75 IRAQI LIST, 55 KURDISTAN ALLIANCE AND THE SOL HAS RECOGNIZED THAT THE NUMBERS ARE CORRECT. THEY SAID IT IS INEVITABLE…HE WILL GET THE BOOT. BUT OUT OF ALL THAT, THAT NEWS IS JUST GREAT.
1-21-2013 Intel Guru Frank26 You look for a date and rate. I do not. We look for events that open doors to the RV. #1.) When You see precious metals align themselves worldwide…This is a pre-curser to a global currency re-set. #2.) IMO, For the first time in Iraq history the DIFFERENT Families, Religions, Sects, Politicians, Holy Leaders…are all UNITED AS ONE AGAINST M. Trust me, This bonding is unprecedented! It is rare and unparalleled in their attitude with each other over 2000 years. It is Powerful, Unique, Extraordinary, Exceptional, If not Novel !!! This is a Beautiful and Large Door For the RV.
1-21-2013 Intel Guru Frank26 2013 Budget – I seek a rate inside that would add value to the IQD. This is THEIR PLAN. Our UST is with them in Iraq watching every step. “IF” You, I, Or THE CITIZENS do NOT SEE this new rate in the 2013 Budget then get ready, not for the RV BUT TO WATCH THE CITIZENS TEAR THE COUNTRY APART!!! Starting with M [Maliki]! You must ask Yourself – Are the coordinates of our investment hitting the target on the 21st of Jan 2013? Today? IMO, YES!!!
1-21-2013 Newshound Guru Doc All-in-all this is extremely positive news. We can not imagine the EU would have taken this step without some pretty good assurance that Iraq will prevail. The question continues to be when. Unfortunately the body of evidence does not support the at any second philosophy. However, we would think this recent development with the EU should speed things up. It is hard for us to imagine Iraq not taking advantage of this and all the other opportunities the international community are offering as fast as they can. We report, you decide.
1-21-2013 Newshound Guru Doc When asked about the status of democracy in Iraq Mr Mauro responded “People are concerned about the future and not thinking so much about the war. But Iraq is a country where exceptional interests come into play. We have to remember that Saudi Arabia, Iran and probably Turkey are interested in destabilizing the country. So we need to stay near our Iraqi friends and foster dialogue in the country”. Recall we have continually reported that countries like Iran and Syria do not want currency reform in Iraq. This also confirms to us that Maliki has been the main block to currency reform due to his ties with Iran. The situation with the EU also suggests to us Maliki’s hold on Iraq is now numbered. We speculate again that we will either see Maliki suddenly cooperating toward democracy and suddenly disappearing from the political scene. In either case we view this as extremely positive.