Iraqi Dinar Guru opinions 1-6-17
Iraqi Dinar Guru opinions 1-6-17
1-6-2017 Newshound/Intel Guru BGG …everyone (me included) has operated under this premise that “they” wouldn’t tell us…like it’s some big secret… “the WHALES would sweep in and buy up Iraq for pennies on the dollar”…WHO WOULD THE WHALES BUY IT FROM? the amount of Dinar in circulation outside of Iraq is a set number – they could care less who owns it…me – you – the guy down the street… it’s all the same to them. …these articles they are printing are for their own people and their own purposes. Nothing to do with us… we are actually the little fish in this whole play. …the currency “re-integration” is NOT THE BIG PLAY HERE. Big time traders will make money on this the same way they always do – by trading once this new market goes digital and is accessible…and the big play is the “wall of investment capital” Iraq will get hit with once this happens. Once they are fully re-integrated in the world economy – THIS IS THE REAL PLAY. [The first few days on the ISX after their currency is international is going to be facinating.] Could be the biggest single movement in this whole happening.
1-6-2017 Intel Guru Frank26 …not to see the budget on the 31st was disappointing to me …but now…I understand why…executive orders…it’s ok. I’m very glad that they didn’t open it up with a program rate – a program rate would have been an insult. They are INTERNATIONAL…and now they need to act like it with their currency.
1-6-2017 Intel Guru ADMINBILL THE NEWS TONIGHT [THURSDAY] IS VERY STRANGE BUT ALSO VERY COMFORTING. BY STRANGE I MEAN UNEXPECTED BUT POSITIVE. IT DEALS WITH PERSONAL BUSINESS SO I DO NOT WANT TO DISCUSS IT BUT I AM MORE EXCITED ABOUT OUR PROSPECTS THIS MONTH THAN EVER. …THE INFORMATION COMING IN FROM BANKING SOURCES IS A STRONG INDICATOR THAT THEY ARE EXPECTING, NOT ANTICIPATING, ACTION SOON. WILL IT BE THIS WEEK OR POST INAUGURATION IS ANYONES GUESS.
1-5-2017 Newshound Guru Enorrste Article: “Central Iraq” supports the currency delete the “zeros” dinar” …regarding those factors that affect the value of a currency, the biggest item was left out of that article: reserves. Iraq has over 100% coverage of its currency in reserves, or nearly so, and this is head and shoulders above any other currency in the world. It is because of this that Saleh could say, years ago, that the dinar would become a world reserve currency itself. By making this statement he was clearly indicating that the dinar would be strong BECAUSE of its reserve position. …I will restate my position from the past, I believe that the strength of the dinar, on the one hand, and the fact that this is a unique opportunity, on the other hand, will cause the value of the dinar to rise rapidly, irrespective of Iraq’s current economic position and security situation. The simple fact is that this will be a huge buying opportunity (similar to buying Google or Facebook) when it comes to the market, and, contrary to their statements today, most astute investors will see the potential and climb on board quickly. Furthermore, once they see ANY significant rise in value more and more people will climb on, including those of us who have held dinar for years. That is my two cents worth (about 200 dinars!).
1-5-2017 Newshound Guru FrostyTheSnowman Friday is an Iraqi HOLIDAY…known as “Armed Forces Day” which celebrates the 96th ANNIVERSARY of the activation of the Iraqi Army on Jan. 6, 1921.
1-5-2017 Newshound Guru mike …we’ll have a bunch of options once this currency is in Article VIII, it will still be an exotic currency like the Saudi Riyal and Kuwaiti Dinar, but at least it will be internationally accepted.
1-5-2017 Newshound Guru Enorrste …it is my understanding…while under article XIV the dinar is not “internationally tradable” as we would normally use the term. It is true that one can buy physical dinars, but the dinar is not “traded” on any exchanges as we normally think of that term. Second, being under article XIV…also offers Iraq legal protection against lawsuits. It is this protection that, effectively, stalls any significant trade between Iraq and the rest of the world. The big players won’t take the risk if they don’t have some recourse legally. Therefore…practically speaking getting out of Article XIV and into Article VIII is nearly necessary before anything will happen to the value of the dinar.
1-5-2017 Newshound Guru Kaperoni …the dinar is legal tender and internationally convertible now. It is just that the CBI is under Article XIV that makes banks shy away from engaging with the CBI and dinar (because it is risky and banks by nature are usually conservative). That is a choice for banks to make. Article VIII simple means that the CBI has met a level of compliance and international standards under the IMF. Which then would be much more inviting for banks to want to engage with Iraq.
1-5-2017 Newshound Guru rcookie Article: “The return of power to the center of Ramadi” Quote: “The Ministry of Electricity announced the delivery of electrical power to the city of Ramadi, the center and the regions of Sufism and Khalidiya.” [where there is electricity, there is ATM machines running, computers going, banks going…] AGREED…AND THIS IS FROM AN AREA THAT WAS REPORTED MORE THAN 90% DESTROYED…
1-5-2017 Newshound Guru loop [So did anyone notice on the cbi site the indicative rate changes from 1180/1182 to 1182/1184?] I would not hang my head…over a two dinar downward shift in value and conversely I would not sing out from the rooftops over a two dinar upward shift. I am expecting a much larger shift and the news seems to indicate that we will see it.