3-22-2013: Iraqi Dinar Guru guesses!!!
3-22-2013: Iraqi Dinar Guru guesses!!!
3-22-2013 Newshound/Intel Guru BGG Article: “Urgent…Maliki holds sectarian MPs, officials responsible for recent bombings in Iraq” He’s basically saying he’ll arrest anyone demonstrating against him…Good luck – that will be a lot of people. On the other hand – the opposition is pretty much blaming Maliki for these events.
3-22-2013 Intel Guru OCrush It seems the UNSC has approved the release of Chapter VII with conditions. They have till March 31st (love the timeline) for them to complete the border and compensate the families. Iraq needs to approve the monies that was given by Kuwait to the families..
3-22-2013 Intel Guru Delta the order of things to come; the revalue, Chapter 7, then Maliki and politics, but these don’t matter; it’s only the rate we need to see now. It’s all a ONE WAY street! They are committed; they are not going back…it’s already and has been moving…ONLY Forward! They cannot go back.
3-22-2013 Newshound Guru Adam Montana Now the part that really confuses people is the value of OTHER things such as oil. if a barrel of oil is currently worth 100,000 IQD and the value of the single IQD is raised that will NOT raise the value of the barrel of oil, therefore the numerical price tag on the barrel of oil will be changed…so a barrel of oil will not be sold for 100,000 IQD – it will be sold for 100.
3-22-2013 Newshound Guru Adam Montana [As the VALUE of the currency rises then a problem also arises. If I borrowed 25000 dinars (worth $21) and the VALUE of the dinar rises to $1 per dinar, then do I owe you $25000?] Here’s what we expect: if the value of your bank account is 25,000 IQD today, and tomorrow the value of a single IQD goes up – your bank account should not change the number. You will hopefully be blessed with the benefit of a higher value account. Similarly, if you have a debit with a specific number on it, such as 25,000, that will not change – you will still owe 25,000.
3-22-2013 Newshound/Intel Guru Bluedog everything is going great, the only news out of Iraq is that the Budget will be in the Gazette first of the week…just know alot of things will start the first of April with Iraq so lets hope we see a Rate soon…things will have to be paid retro back to the first of the year…but as far as news they are guarding what they put out right now never seen it this tight on info…article reruns are out from Iraq but not alot of new stuff so hang in there. CBI was closed today and tomorrow…great time to change figure, IMO. [do you think the RV can be announced and occur with the CBI closed?] yes, for sure…some think you have to wait till it updates. IMO, no you don’t they can hit the switch anytime. [Are you still looking at the 25th to 28th?] yes hot, IMO…hoping b4 that.
3-21-2013 Newshound/Intel Guru BGG There is no small amount of back and forth rancor between parties recently (and even today). This is good – indicating significant pressure on Maliki to fully give over to his original agreement (or some similar version of it) or face the prospect of being removed. I do think we are close to some political resolution and then shortly thereafter – a long overdue revaluation of the Iraqi currency. It has appeared to me, the world financial decision makers have not been in a hurry to hand over the keys to Iraq’s economy to a “wanna’ be” dictator. The good news is he may well be backed so far into a corner politically that his last, best hope might well work in our favor also.
3-21-2013 Intel/Newshound Guru Poppy3 I HAVE RECIEVED SEVERAL CALLS SAYING THINGS ARE REALLY SOUNDING GOOD FOR THE RV AND THAT OUR GOVERNMENT OFFICIALS REALLY THINK THE MOVE IN IRAQ APPEARS THE CBI HAS A GOAL OF APRIL 1 TO HAVE ALL THEIR T’S CROSSED AND EYE’S DOTTED. THEY SEEM TO HAVE BEEN MAKING PLANS FOR BIG NEWS ON THAT DATE EVEN IF IT ISNT THE RV THEY EXPECT TO KNOW MUCH MORE BY THEN. I AM TOLD THE THINGS WE HAVE BEEN WAITING ON HAVE SOME AGREEMNETS MADE LIKE THE HCL, ERBIL, AND MINISTERS BOTH DEFENSE AND SECURITY—- WELL THESE ARE THE REPORTS FROM THREE SOLID SOURCES FROM IRAQ, WASHINGTON, & OTHER KEY LOCATIONS. I AM VERY ENCOURAGED AT THIS POINT. POPPY3
3-21-2013 Newshound/Intel Guru Randy Koonce We are close. As you can see for the most part we have to assume that things are going well on the inside. Between now and next Saturday…not this Saturday…the next Saturday, this thing should go off. Can anything get in the way…of course. If Maliki doesn’t do what he needs to do then they will remove him and it will take a little longer. Not calling it, but we are in a great window and I feel really good about it. The rate is $3.41, I know I am right on the rate.
3-21-2013 Newshound Guru Enorrste There is nothing we as individuals can do except wait and see. Nothing we do will change the future. It will, or will not, happen when it does or does not happen. I don’t say this to be crass, but to be realistic. I believe in our investment, but I’m also aware that Maliki…is keeping us from our wealth. That being said, I wait until he is ready, or removed.
3-21-2013 Intel Guru Footforward There is plenty of good information out there, but the really good information isn’t out there yet. A group of us are trying to confirm some of the information. A lot of the the information is controlled and therefore misinformation. I was told last week there would be a misinformation campaign that would last a couple of weeks and the information would get crazier and crazier such as a LOP, cashing in overseas, etc. & it’s going to get worse. I can speak with 100% certainty that not one single person has cashed out…nobody in Iraq, no contractor, no soldiers, not one single person, period. This is part of the misinformation & may continue for another week & expect it to get worse. The RV is close and can go at any time, any day.
3-21-2013 Newshound Guru Med [apparently there has been some articles on the cbi on there side of them adding assets to back the dinar like gold and oil, etc] YES, THIS WAS SOMETHING THAT HAD TO BE DONE. FOREIGN CURRENCY ASSETS WOULD NEVER COVER AN RV. IT WOULD HAVE BANKRUPT IRAQ. NOW THEY HAVE ALLOT OF GOLD. REMEMBER THEY CAN SELL OIL FUTURES TO COVER THEIR CURRENCY. IT DOESNT HAVE TO BE OUT OF THE GROUND. YOU ARE TALKING TRILLIONS IN OIL REVENUES BUT IRAQS BIGGEST PROBLEM IS NO PRIVATE SECTOR OR A FREE MARKET ECONOMY TO BOOST THE VALUE OF THE DINAR. THAT INTERNATIONAL ACCEPTANCE IS HUGE IN THE VALUE OF A CURRENCY…
3-21-2013 Newshound/Intel Guru BGG [doc talks about the may date with the dfi funds...so im guessing that hasnt been extended...does anyone know when they have till to ask for a extention, thats if they even can again?] they have extended “at the last minute” in years before. They could this time too…but I do not look for that to be in play…
3-21-2013 Intel Gurus TerryK, aka Terrence Keller & Bluedog news in Iraq is irrelevant at this time…lots of good signals, signals of WTO, Ch 7 to be lifted, loan making to Egypt to become a donor country. [do you have anything about the PM of Kuwait making a visit to Iraq?] will be the end of the month (article). what is more significant about that TK remembers about he wouldn’t step into Iraq until the RV happens. 2 times in an article talking about the Kuwaiti PM said that Chapter 7 has been signed, maybe a bad translation, but talking like it was already done…may not have been publicized…when he shows up they may announce it then.
Admin note on Terrence Keller’s mis-statement: The news out of Iraq is the MOST important at this time, much for informative and reliable then his predictions/guesses.
3-21-2013 Newshound Guru Tlar Any country that can buy and retire a large % of its outstanding currency will ultimately be rewarded with a positive result of value increase. The dinar has an extremely large amount of foreign currency reserves for the dinars that are out. No body knows how much is still out but it has to be much less than the original 30 trillion number that the CBI through out before they started to dollarize Iraq and buy them all back. Value to value there is no less than 3 dollars in foreign reserve currency in the CBI to back 1 dollar in the streets and that number I believe to be very low. At the point that the CBI wishes to change the present situation concerning valuation of the dinar at 1250, they can do it on a dime.
3-21-2013 Newshound Guru Tlar Article: “Deputy: interference by the executive work of the Central Bank led to a decline in the exchange rate of the Iraqi dinar” Though all the crap the bank has had to endure, the accusations, the personnel changes, the government interference and those quasi experts who keep making stupid remarks and recommendations, the actual direction has remained the same. The currency markets in Iraq are going the right way as the CBI continues its course in spite of everything. They are still buying dinar and retiring it. The net result will be extremely positive for us as investors and for the people of Iraq.
3-21-2013 Intel Guru SteveI there is so many good things happening behind the scenes and not much of it is being reported by the media. we are being told that wages being paid April 1st will be in the new rate and they are already preparing them and trying to explain to them in advance so they will not panic when it happens. We feel that this should not go if any but a few days into April. Too many things are lining up to cause further delays. Another bit if information, I was able to confirm for a fact that the Treasury personal is in fact still in Iraq located in the Embassy and the CBI which I believe this to be very positive.