2-11-2013: Iraqi Dinar Guru guesses!!!
2-11-2013 Newshound Guru Kaperoni Technically, they have to notify the IMF of there desire to either be on the dollar or on there own currency. Shabibi made that decision 10 years ago to have Iraq have the dinar. Which obviously, they want being the richest country in the world to have the great buying power the dinar should have. If they choose to switch now, it would be 10 years down the drain lowering inflation, etc. Iraq will not become a dollar country. This dollarization is short lived, in fact, Shabibi agreed to not dollarize more than 30%. We know due the pending float, they are much higher than that at this time.
2-11-2013 Newshound Guru Kaperoni Remember the CBI website? Said only listen to what is put out on the CBI. IMO, with the IMF deadline Feb 23rd on the Stand by Agreement, the USAID over there training the Iraqis on international banking (why if your not going to make it convertible per the SBA) as a condition of the US strategic framework agreement, something appears to be up. It appears that the free float will begin this month or soon thereafter. IMO, the 1000 to $1 may be the starting point. There simply is to much as risk here for Iraq to fail with all these agreements and the consequences of not meeting those deadlines.
2-11-2013 Intel Guru Blaino THE INTEL TEAM HAVE ELECTED TO DECLARE A “REVALUATION WARNING” A WARNING IS A TIME DURING WHICH “MOST” CONDITIONS ARE FAVORABLE FOR A REVALUATION TO OCCUR AND THAT OCCURANCE CANNOT BE RULED OUT BEYOND A REASONABLE DOUBT. WE ARE ARRIVED AT THAT PLACE IN THE CHAIN OF EVENTS WHERE A REVALUATION COULD HAPPEN AT ANY TIME…
2-11-2013 Intel Guru Blaino We… have 2 major bank foreign currency execs that SAY “monday-tuesday” and this according to internal memos and meetings, training and so ON… Rates flashing on teller screens after being solid and showing no ust hold on foreign currency department screens for weeks originally at $3.42 buy (they buy from us) and $3.68 sell…(they sell to us)then, we had several days of $3.86 and $4.20…. Now back to the former rate since Thursday.
2-10-2013 Newshound Guru Doc The second consideration is that Iraq does not need to pass any budget for the RV. In other words they are basically independent events. The truth is as we have continually reported the RV rate will not be in any budget until after the RV is announced. They can and have previously passed the budget with the program rate and most likely have a second budget ready to go adjusted for any RV. The bottom line is the budget does not have to contain the RV as many are suggesting. We report, you decide.
2-10-2013 Newshound Guru Doc There are several considerations surrounding the budget…First and foremost Iraq is notorious for delays. Several articles continue to point to the fact that political in fighting continues concerning the budget. We should remind all the US has not passed a budget in 4 years yet continue to spend money. For anyone to say without a doubt the budget has been passed is in fantasy land…While our intel is reporting on this matter we will not relay any unconfirmed information. Our best guess is that the in fighting will continue and we will see more delays including past this Monday.
2-10-13 Intel Guru Goofball Am HEARING SUNDAY NIGHT with CASH IN MONDAY MORNING COMING FROM 3 SOURCES. STRONG PEOPLE (sources). 5 currencies RV Sunday when the Forex opens…Canada, China, India, Iraq and VND.
2-10-2013 Newshound Guru Doc There are several considerations surrounding the budget…First and foremost Iraq is notorious for delays. Several articles continue to point to the fact that political in fighting continues concerning the budget…We should remind all the US has not passed a budget in 4 years yet continue to spend money. For anyone to say without a doubt the budget has been passed is in fantasy land…While our intel is reporting on this matter we will not relay any unconfirmed information. Our best guess is that the in fighting will continue and we will see more delays including past this Monday.
dinarguru