9-21-2012: Iraqi Dinar Guru guesses!!!
9-21-2012 Intel Gurus SteveI and Ray The coins will be distributed along with the currency after the rv is made public. Saleh made the annoucement on the 15th explaining that the replacement currency had to be printed first before they would announce another rv date. He said in maybe 2 to 3 weeks…From the time they started printing. The printing has started already…and according to article, they wanted to accererate it. IMO and what I am hearing…The rv can be done right after the currency is reprinted. It was supposed to rv Sep 1 but was held up due to the Kurds. We are headed in the right direction.
[post 2 of 2]
9-21-2012 Intel Gurus SteveI and Ray What Ray and I share comes from actual contacts in Iraq. Talabani will be announcing [the national convention] in about two days. There was an agreement between Iraq and Kurdistan about paying the oil companies in Kurdistan by Iraq. That was a huge agreement. What is huge is the SFA [Strategic Framework Agreement] signed….several days ago. [post 1 of 2….stay tuned]
9-21-2012 Newshound Guru Enorrste I was hopeful to see some sort of announcement out of the conference, but I can see there are several important laws that banks & investors are looking to be passed prior to them sticking their feet in the water. I wouldn’t be surprised if Shabibi headed home & ran to Parliament & said we need to get these laws passed or they are not going to invest their funds. Laws need to be passed, add to that working licences for private banks needs to be eliminated, probably this is another law & corruption is key. It’s unfortunate…but everything is not perfect in Iraq & there are some thing that need to be taken care of to get investors to come to Iraq. Now, this isn’t saying these thing have to be done to go to a free float, they probably could go to a free float knowing these thing were going to be done rather quickly.
9-21-2012 Newshound Guru Kaperoni I received an email from someone that attended the conference [London]. They said that there was moderate attendance. There was little mention of the strength of the dinar. They were told that they would not talk about their currency when the conference started. There was much talk about security. Everybody here is hoping for a revaluation. The articles have thoroughly supported a revaluation at a rate of 1 to 1. We believe that something is going to happen in the near future, so let’s let all that play out.
9-20-2012 Intel Guru Hammerman Maliki and others playing very nice…looking for announcements on Iraq tv…bankers are very hyped up…strong, strong intel saying national meeting announcement within 10 [days?], if this happens it is huge…the ust did software updates yesterday…I was told they tried to run with rv but had issue with new software…almost all sources were looking for the rv last nite or today…imo, i think we are 4 to 10 days away but the target just keeps moving.
9-20-2012 Intel Guru Footforward There are things going on that don’t add up unless you are going to RV right away. You wouldn’t have Maliki coming back asking for removal from Chapter 7 if they still had all these things that needed to be done to be removed from Chapter 7. You wouldn’t have people at a Financial Conference in London talking about Iraq’s current situation if there weren’t an intent to RV in the near future. They are moving ahead like they are expecting it anytime. The National Conference, I still maintain that they will come out and say we were in the National Conference & say that they have all these agreements & we have an RV. Everything will be on the table at that point and they will publicly announce everything. I am still expecting something in September. The rate is going to be so good, not $1 or $.10 or $.86. It’s going to be high and it is not going to be a float. We have what is going to be the strongest currency in the world.
9-20-2012 Newshound Guru SWFloridaGuy I do believe a deal (political reform) is in the works. There is no magic “RV meeting” but when we see general progress that we can collectively process, it’s always a good sign that things are moving in the right direction. The CBI, Finance Committee, United Nations and CoM have all said that reform (power sharing, HCL, ministers, Strategic Council, Article 140 etc), that supports stability is necessary to move forward both economically and politically. Maliki could certainly throw a wrench in the process as he’s done many times in the past but of course we hope that’s not going to be the case for once. I believe that a successful National Meeting, where all blocs are in attendance, would be the perfect platform to make public announcements of progress in these areas.
9-20-2012 Newshound Guru Med HE [SHABIBI] SAID HIS GOAL WAS 1 TO 1. I DONT THINK THEY ARE CAPABLE OF HOLDING THE DINAR AT 1 TO 1 OUT THE GATE AND I DO NOT BELIEVE THAT A BASKET OF CURRENCIES WILL ALLOW FOR THEM TO HOLD THAT TO START. REMEMBER NEVER HAVE THEY BEEN INTERNATIONAL AND THE HOLDING OF THE RATE WILL NOT BE THE FOREIGN CURRENCY ASSETS. STILL IT HAS TO BE ACCEPTED AS PAYMENT AND MANY WILL BE LEARY. I DONT THINK IRAQ WILL BE ALLOWED TOO MUCH CREDIT. SINCE THEY ARE NOTORIOUS FOR NOT PAYING DEBTS.
9-20-2012 Newshound/Intel Guru BGG The only thing that would make things more interesting is if we had a National Conference & an RV. More than likely it will not be a free floating currency. Talabani is in the Kurdistan Region. Jafari went there today and everyone that wasn’t at the meeting yesterday went there today. Everyone is making their way up there to meet with Talabani. The huge news today is the HCL law will be agreed to very soon. It looks very, very promising. The political side of this is moving very fast. After all the political part is handled, the financial part will come very very quickly. Between now and this coming Sunday we could here about Talabani announcing a National Conference for late next week.
9-20-2012 Intel/Newshound Guru Poppy3 I got a call from Iraq at 4:30 this morning saying that Talabani would have a National Conference sometime next week. All of these issues, the HCL, Article 140, etc. that we have been trying to get conclusion on for years will be completed before the National Conference. The National Conference will be a announcement day for all of these things and they will be ready to implement them. We are right on track, all issues are on track being agreed upon and he said he doesn’t think there would be problems this time, everything should fall in place and we should see the National Conference. Timing is dependent on them getting these agreements done. The more confirmations we get makes it better for us. I am enthusiastic about the prospects we have.