2-21-2013: Iraqi Dinar Guru guesses!!!
2-21-2013 Newshound/Intel Guru Randy Koonce [via clay & Cat-in-the-hat] should be out before march, all docs signed on the 29th of Dec and we are just waiting on the confirmed date of RV. Maliki told Exxon he would be done before the end of FEB…and Iraq needs Exxon bad and if he does not they will just go to the Kurds.
2-21-2013 Intel Guru Bulldog75 IMF AND INTERPOL FROM COURT ORDERS DOING WHAT THEY NEED TO DO TO MAKE THIS EVENT SAFE, FAIR AND PROFITABLE FOR THE HONEST CITIZENS ON THE PLANET. TIME IS OF THE ESSENCE. EUROPE, IRAQ, MID EAST ETC CANNOT WAIT FOR EVER WITH THEIR SITUATIONS. EVERYONE IS BEING CHOKED; LITTLE OXYGEN LEFT IN THE TANKS.
2-21-2013 Newshound Guru Bondlady a few years ago when we 1st started seeing the 100,000 iqd articles we didn’t think it would be that good of a thing back then and this article resurfaced, why because they are discussing this right now as always when you see recycled articles these are things they are immediately working on and the reason its resurfacing now is because they are talking to each other basically saying isnt this the way to go? if your not going to be releasing the lower denoms anytime soon shouldn’t we release this note to make transactions easier and to slow down the use of the usd. so if they decide to do it this way then imo they 000 are coming off the rate and not the currency.
2-21-2013 Intel Guru OCrush They are completing the final version of the budget. They are ALL in agreement…YIPPEEE! We might actually see this thing done tomorrow! My cousin…is excited!! He also said many good laws will pass with it. I didn’t press the matter, we shall find out in a few hours! I sent him the article that Rec V posted …and this was his reaction: “Wow!!! Holy smokes the Antiquities Law!!! This is the law that has the lower denoms law attached to it!!! HOLY COWS!!! ITS ALL COMING TOGETHER!!” I think the antiquities law has the power share for the iraqis. The education law has the project delete the zeros (lower D’s). What a coinsidence to have the Antiquities Law and the Budget law to be voted on the same day!!! I AM VERY EXCITED!!!
2-21-2013 Intel Guru Goofball WE ARE VERY VERY CLOSE. CL [CHRISTINE LEGARDE] IS TO MAKE AN ANNOUNCEMENT IN THE NEXT FEW DAYS. THEY (GOVERNMENT) DO NOT WANT ME TO ANNOUNCE WHERE SHE WILL BE – SECURITY REASONS – SO YOU HAVE TO UNDERSTAND THAT, OK? WOW, JUST GOT ANOTHER CALL. SOUNDS LIKE THIS WEEKEND IS STRONG. SOME THINGS JUST HAPPENED ACCORDING TO CALLER. SO LET’S CROSS OUR FINGERS. SOUNDS LIKE TUESDAY IS THE DAY.
2-21-2013 Newshound/Intel Guru BGG It will RV once the power is balanced…and it looks like Maliki isn’t calling the shots anymore.
2-20-2013 Newshound Guru Kaperoni What the IMF stated was… “The extension will, in particular, provide time for discussions on fiscal policies for the remainder of 2012 and on measures to improve the functioning of the exchange regime.” There is no way to know how big that window is that the IMF granted Iraq to get it implemented. With the US letter indicating that they will not protect Iraqi money after May 22nd, it appears that it is rather small. I would expect Iraq will pass the laws, implement the exchange regime (float) and open the economy in rather short order…IMO, we are close to the value changing. Two great articles yesterday gives us solid ground to stand on.
2-20-2013 Newshound Guru Kaperoni Article: “Alfalh expected to vote on the budget at Thursday’s meeting” Thursday should be a success. Kurds passed the budget so all is good. Baghdad should have enough for a quorum and get it done. They then can focus on a basket of economic laws to pass over the next few weeks. Though Feb 23rd (IMF SBA deadline) is a substantial date, no where did it say the “exchange regime” had to be in place and functional that I am aware of.
2-20-2013 Newshound Guru Adam Montana [in regards to the amount of dinar currently in circulation? It's estimated to be around...?] This has been tossed around for years now… unfortunately we have no reliable way of knowing this figure. The CBI could tell us, but they are under no obligation to do so, and they are very tight-lipped about it. Who cares what the exact number is? If Iraq is going to continue to move forward, and they continue to increase the value, and they eventually RV… I don’t care how much is in currency. I DO care how much is in my safe!
2-20-2013 Newshound Guru Adam Montana [Are they just printing up more and more pretty paper to sell, as to suck in more of our (and other country) dollars?] There’s not as much dinar outside of Iraq as one would think. When you are surrounded by dinar investors, it is easy to think that “everyone has dinar!” – but that’s simply not the case.
2-20-2013 Newshound Guru Tlar Once they increase the value of dinar, if both these pariah countries are just about devoid of dinar, Iran and Syria will not be able to afford the new higher value dinar effectively muting any chance for these countries to gain from the move. They will not profit from the move of the revaluation. IMO this is the UN/US strategy. With the auctions at around the $100 million dollars a day range it is obvious that Syria and Iran are running out of dinars. Once they run out there will be a lot of pressure on Iraq to revalue the dinar and by just the number of dinars that the bank bough and retired, the new value should be a good one. Iran and Syria’s economy will be majorly affected and neither will be able continue to be supported by the dinar.
2-20-2013 Newshound Guru Tlar Article “CBI fails to prevent the laundering operations and dollar smuggling to Syria and Iran” This is a good thing for us as long as the currency being sold by Iran and Syria is non-counterfiet dinars that they are buying dollars with. I say keep cleaning them out. We know the USD they are buying is going back to their respective countries. They would not be selling their dinar if they could not smuggle it home. I hope the banks continue to cash dinars from both these countries. The CBI is buying back the dinar that Iran and Syria obtained through the contracts of favored trading partners signed by Maliki.
2-20-2013 Newshound Guru Kaperoni Article: “Finance Committee: budget are ready for a vote on Thursday” Now that the kurds have signed off on the budget, this should pass on Thursday…we should see a basket of laws pass within a few weeks after.
2-20-2013 Intel/Newshound Guru Poppy3 gold continues to fall. the upcoming rv will continue to drive it down and if all will remember what POPPY3 HAS BEEN SAYING FOR 3 PLUS YEARS…THAT PEOPLE PAYING THE HIGH PRICES FOR GOLD WOULD LOSE. IT WAS OVER $2000.00 AND CLIMBING AT THAT TIME—-WHEN THE RV HITS THE DOLLAR WILL RISE AND GOLD WILL DROP LIKE A ROCK. READ THE HISTORY OF GOLD IN RELATION OF THE DOLLAR. WILL SHOW WHAT IS TO COME.
2-20-2013 Newshound Guru Adam Montana My personal opinion on our situation is still positive for the same reasons as last week. With this talk of an upcoming revaluation from 1166 to 1000:1, it’s not hard to imagine all of the ways this is good. Not only is it an immediate increase, a great way to begin encouraging ALL Iraqis to carry IQD instead of USD, and could open the door for much bigger gains… it’s also solid proof that we are holding a winning ticket. Not much more you can ask for at this point, other than the actual RV!!!!
2-20-2013 Intel Guru SteveI I just got word that there will be no vote in this session. Maybe Thursday they will try again and that is a huge maybe. Kurds are at it again with more demands, so until someone steps up to the plate and says “NO MORE”, then it will be a while longer. Now for the good news, they are still working on getting this done. Also good news, please correct me if I am wrong, but they will need to open up the budget to repay the IMF…Stand-By Arrangement (SBA). Now that the bad news and good news was presented, here is the great news, NO BUDGET, NO MONEY!
2-20-2013 Intel Guru Frank26 This will not touch their reserves, in fact, it will increase their reserves. How is the CBI going to make money now? Because, they are going to sell the lower denoms to the banks at a much better rate. The Iraqi citizens will not become rich millionaires but the currency will have stability and security. It looks like they are being mean to the Iraqi citizens. No. They are controlling their money, preventing the laundering of the money. I love what they are doing. This is high technology, this is high tech protection for a currency that is about to go up in value. Why would they use their currency when they hate it if they were not about to add value to it.
2-20-2013 Intel Guru Frank26 I hope you understand the power behind this. Why are they doing this? Because they are trying the force the citizens to stop using foreign currency, because they are about to introduce the lower denominations. Do you see a similarity here? How much are you allowed to get from a bank here? $10,000 a day. The same banking systems that you see world wide, you are now seeing in Iraq and the announcement was made today [Tuesday].
2-20-2013 Intel Guru Frank26 When you do a transaction you cannot use your ID card any longer, instead you have to use a passport. It takes months to get a passport if they can afford one. They have tied their hand and their feet. There will be a uniformity to acquire hard cash. They will allow you to have foreign currency under these limitations, but you cannot go to any bank on any day. It will be a specific bank on a specific day. This makes it almost impossible to get USD. This is to force the Iraqi citizens to give up the USD and say yes to the IQD.
2-20-2013 Intel Guru Frank26 Three days ago an announcement was made to the Iraqi citizens and is on the CBI website, the Arabic side. The CBI has told the Iraqi citizens they will no longer be selling hard cash to the citizens and the CBI will no longer sell them foreign currency. If you want foreign currency you have to go to the State Banks or Islamic Banks. Also, you will no longer be able to take out 50,000 USD or any other foreign currency per day as you did in the days of Shabibi. It is no longer accessible to you within 24 hours, you will now be limited to only 10,000 of a foreign currency per month.
2-20-2013 Newshound Guru Tlar IMO…this is why most likely these companies don’t fear the threats of no more contracts with Bagdad if they sign directly with Kurdistan. It’s just cheaper to explore, develop and produce in Kurdistan. These companies by pass the upfront blackmail charged charged by Bagdad, Shahristani in particular. They make more money in with less hassles in Kurdistan without having to pay the billions upfront to get a contract.
2-20-2013 Newshound Guru Tlar Pretty soon unless Bagdad changes their attitude, there will be nobody left to do oil business with Bagdad and Kurdistan will be producing, transporting, and delivering as much oil as the government of Iraq. This is a good thing because sooner or later Bagdad, Shahristani in particular, will have to accept the HCL and Kurdistans contracts in place, or he misses out.
2-20-2013 Newshound Guru Mailman17 NOW, DID IRAQ (NOT INCLUDING OLD MALIKI) KNOW THIS WAS COMING? I THINK THEY DID. HENCE THE PUSH ON THE ART 140, HCL, ECT. BUT, I BELIEVE THIS IS A WARNING TO IRAQ THAT NO DELAYS WILL BE TOLERATED, NOT EVEN A DAY, IMO. THE POWERS TO BE HAVE HAD IT. ITS TIME TO PLAY HARD BALL. I ACTUALLY FEEL GREAT ABOUT THIS HAPPENING AND HAPPENING REAL QUICK. NOW ITS TICK TOCK TIME, IMO.
2-20-2013 Newshound Guru Mailman17 THE WORLD IS GONNA HIT THEM WHERE IT HURTS THE MOST…THE POCKETBOOK, FEB 23, LOAN DUE…NO EXTENSION. BOTH ASSETS ABROAD AND NOW IT SEEMS EVEN THE DFI THAT WAS PROTECTED BY THE US IS ALSO UP FOR GRABS. BOUT TIME THEY FIGURED OUT THE ONLY WAY TO HURT THESE GUYS IS TAKE THEIR MONEY. THOSE INVOLVED WITH IRAQS PROSPERITY, IMO, HAVE FINALLY SAID ENOUGH. NO MORE THREATS, NO MORE PROMISES YOU NEVER INTEND TO KEEP, BAM, ENOUGH IS ENOUGH.