10-5-2012: Iraqi Dinar Guru guesses!!!
10-5-2012 Intel/Newshound Guru Poppy3 Where do you guys go to get all this bull crap knee deep about RV’s in country…when it hits it will be global.
10-5-2012 Newshound Guru Med [What effect do you think Iran has on the RV?] None!…. I beg to differ Med!!!
10-5-2012 Intel Guru Blaino We…discussed in the past how it would be released and not cause major problem going from being worthless to becoming more valuable than the US Dollar, well I think we’re seeing how they are making the transition within Iraq. There is still a lock down on the boarders of Iraq from taking Dinar out of the country. I still believe that if this is a pushed to finish up on the final issues that the Iraqi government faces, by the US government before the elections, we should see the National Conference take place as a final step to announcing the completion of Article 140, the HCL Laws, and most importantly the implementation of the Erbil Agreement ready to go through at or about the same time as the release from CH 7 being announced….it’s just a matter of timing. [post 2 of 2]
10-5-2012 Intel Guru Blaino We now are getting releases from the CBI stating that the dinar stands at 1.18 USD per Dinar. I still believe that the rate of $1.30 that came out a few weeks ago was a solid and accurate report that was not supposed to go public just yet, because we only heard a few days ago that it was at 1:1 against the dollar, now you hear about 1.18 rate as of this morning… I still think that they are understating the true value of the Dinar at this point. Keeping a lid on the actual rate that it holds to the public. There is no reason for them to make any of these rate statements except for public relations boasting at this point since as we all know it is still able to be purchased at 1166 per dollar. So what does this mean….well it means that…what they are doing is creating the perception of a value for “In Country” at this time as to not cause a shock throughout the economy of Iraq once this is released at it’s “True Value”. [post 1 of 2….stay tuned]
10-5-2012 Newshound Guru Adam Montana [I just wanted to know if you have heard anything about the smart cards and if it really is an indicator for the RV.] That’s something that’s been twisted and misunderstood for a long time. The smart cards aren’t an indicator of the RV.
10-5-2012 Intel Guru Footforward The RV is going to happen, I am absolutely sure. I am still looking for double digits and still looking for something to pop relatively quickly, within the next few days. There is a drastic misinformation campaign to try to get people to give up their dinar. It’s going to be like this until the RV happens. If we don’t have an RV in the next few days, expect the dinar to tank, decrease. Do not panic. It is going to do this to get people give up. Do not give up your dinar. It is a manipulative move. When the RV happens, you will not find it out in an article. The first place you will hear about it will be at the banks. There will not be a free float. The value will be controlled.
10-5-2012 Newshound Guru Doc What is interesting is the statements by Allawi lined up nicely with recent news. First we have Maliki making payments to the Kurds and have seen more articles concerning the HCl status then we have seen in a month. We are beginning to believe that Maliki may know the questioning process is imminent and is at least for now playing along. We hope this is correct and have modified our opinion that once we see resolution concerning Ebril/HCl we are pretty well there. Based on Allawi’s statements this appears to be the holy grail so to speak. [Post 2 of 2 ]
10-4-2012 Intel Guru Blaino BIG 4 BANKS HAVE A “CURRENCY REVALUATION NOTICE/WARNING” …EXPIRES FRIDAY…THESE NOTICES DO NOT SPECIFY WHICH CURRENCY…ALSO, WE HAVE A CONNECT TO AN IRAQI WHO GOT BACK PAY ON HIS SMART CARD YESTERDAY…WENT TO EXCHANGE/WITHDRAW SOME USD… CLAIMS HE GOT $3.42. WAITING ON SOME MORE CONFIRMATIONS…MEBBY A COPY OF A RECIEPT OR SOMETHING CONCRETE.
10-4-2012 Newshound Guru Doc We are seeing more and more articles talking about a “float” for the currency. We stated in the past we believe this to be a real scenario. It would allow the CBI and Iraq the best economic position. The float would increase the value based on supply/demand and we speculate the CBI would make a ton of money on buy/sell transactions. It would also allow the market to determine the value based on Iraq’s fundamental economics and not politics like under Saddam. We would also speculate the CBI would support the dinar at some minimum levels. If the float is reality it pretty well discredits the rumors of a high ($3+) initial or RV rate. We report, you decide.
10-4-2012 Newhound Guru Doc There was a great article that came out of London that was an interview with Allawi…Allawi was quoted as saying “Maliki was put into power to make reforms. He was supported by the US and Iran”. Allawi went on to say there were enough votes to have him removed but threats by Iran and pressure from the US changed enough votes for Talibini to stop the process. Allawi is quoted as “pressure from the US was due to the upcoming election”. Allawi continued by saying there is enough support to bring Maliki before Parliament for questioning. The jist here was if Maliki didn’t play ball it would happen sooner than later. Allawi even mentioned Maliki’s attempt to take over the CBI. Allawi summed it up by saying there would not be a National Meeting and he and his bloc would not attend. He said “Ebril was approved and simply needs to be implemented”. It was quite clear from the interview that the major political stumbling block are the issues surrounding Ebril. [Post 1 of 2 Stay tuned for the rest of the story….]
10-4-2012 Intel Guru Winalot [new guru] just off of the phone with 5/3 bank…They have been notified of the rv! My bank told me when THEY called ME that they were aware of a rv in Iraq. They said that there was NOT a buy rate yet. That would also mean that there is NOT an international rate yet either! They then told me that they would contact me AS SOON AS there was a buy rate!
10-4-2012 Newshound/Intel Guru BGG Wow, the last 48 hours is crammed with news. The biggest news of the day, the biggest news of the month, is Maliki and Talabani have actually met today. Also, there was a meeting yesterday with the oil ministers and all of the leaders of the blocs to discuss the HCL Law. It was a very successful meeting. There is a lot of pressure to get the National Conference done. We should see something very, very quickly. They are probably under some pretty serious pressure to get this done. Poppy3 said to get your bags packed, it’s coming soon!
10-4-2012 Newshound Guru Enorrste I remain concerned about how much influence Maliki has or will have in restraining Shabibi. However, given the fact that Shabibi has been astute enough to enlist the support of the entire Parliament plus most of the influential economists in the country prior to his “going public” with these various conferences, it seems to me that he is determined to move ahead with or without GOI approval. It is also clear that Shabibi does not have the GOI behind him at this point. This is evident in that he has set back the “remove the three zeros” and the introduction of the new currency until at least 2014. However…the changing of the rate is still in play and can occur at any time. Once he releases the currency to float freely in the market, which is entirely his right to do, Maliki will have no control over the rise in the value of the IQD. We must keep…our focus on the rate change only. Everything else is just politics.
10-4-2012 Newshound Guru Kaperoni In June 2012, the CBI held a high level Symposium…To come up with a new solution to achieve the same results…which is raising the value of the dinar to move the economy forward. That plan was kept under tight wraps until just last month…this team was aware of some of the new details, which we shared as we found them out…details which included a change from the RV to a free float. Though a new plan is in place for a free float of the Iraqi dinar, it is clear that Maliki does not want this to proceed and is doing whatever he can to stop it. Will he have success? Only time will tell.