11-16-2012: Iraqi Dinar Guru guesses!!!!
11-16-2012 Newshound Guru Tlar It is…encouraging to see that at least for the time being that they look like they are attempting to follow the IMF’s advice and most encouraging, that they intend to activate the tariffs even if has been a long time coming. The realities are they have to increase the value of their currency if they activate those tariffs and if they ever really intend to join the WTO as a full member. They have to follow the same path laid down by Shabibi with the only difference today is, they have to get out of their own way now that they control the process start to finish.
11-16-2012 Newshound Guru Tlar Article: “The high exchange rate of the dinar against foreign currencies during the coming period after the important reforms carried out by the federal government central bank action.” The article is a slam on Shabibi further tightening the accusations against him. It clearly blames him for the economy not prospering. It also implies that the CBI is working hard to bring the two rates, the street value and the program rate back together at the program rate. At the end of the article they refer to increasing the value in the coming period which will help the economy.
11-16-2012 Newshound Guru LoriC Melia said that many are trying to pressure the government in order to continue the process of reform and push forward democracy forward. Iraq isn’t receiving all this support and pressure to catch up to international standards because everyone has a bleeding heart for them. As the IMF stated, Iraq will be a tool for global economic recovery because they have not been affected by the economic crisis. Iraq may be content with procrastination but the rest of the world is not.
11-16-2012 Newshound Guru LoriC The U.S. Secretary of State in the Bureau of Democracy, Human Rights and Labor, Thomas Melia, has been involved in 20 meetings during the past 3 days regarding Iraq’s emergence as a sovereign democratic government and to promote human rights. A year after the withdrawal of U.S. troops from Iraq they are being helped along so they can be released from Chp7 sanctions and be fully sovereign.
11-16-2012 Intel Guru TerryK had maybe 25 calls this late afternoon into the night, all positive, no neg stuff…hearing that this weekend looks again very good for us, not holding breath but it sure looks and smells like rv…i was scheduled to leave wed this coming week but i have heard so many positive things i wanted to be close to my dinar and get ready, that’s how i feel…does that say anything.
11-16-2012 Newshound Guru Adam Montana IF Shabibi ends up back in his seat, we are going to be looking at another long and confusing wait for the RV. I really do not think it will be easy for him to get back into his former role, and I think Maliki is working on pushing things through before he is able to get back there. At this time, the warrants are still out for Shabibi and he has not returned to the country. He will not return until the warrants are lifted. I know I wouldn’t want to be arrested and thrown in an Iraqi jail with all this going on! But at the end of the day, none of that really matters… if Maliki or Talabani or anyone else can get this pushed through, I’m in favor of whatever methods they use – with or without Shabibi.
11-15-2012 Intel Guru Footforward They have a rate in every budget. Is that the specific RV rate…No, but they expect it to be at least that rate. $3.41 is in one of their budgets & rates have gone up the last couple of years. A buck is not going to cut it for Iraq. Iraq is not thriving, they are barely getting by. Having a stronger international currency is going to drastically help things. Until you see the RV you are not going to see massive investment. They absolutely can go to a high rate over night, a dollar won’t cut it, we are going to have a better rate than that.
11-15-2012 Newshound Guru Kaperoni IMO the value of the dinar can rise anytime. Whether free float or staging rate. The issue for Iraq is when they implement it into the budget and that is referred to as “delete or lift 3 zeros.”
11-15-2012 Newshound Guru Tlar Coming period, soon, and in the next few days are all terms the Iraqi newspapers give when none of them have a clue as to when it is going to be. A prime example is “the Security Minsters will be picked in the coming days”. How many times have we heard this? “The HCL will be will be passsed in the coming period” or my personal favorite by Talibini, “”the national conference will be held soon”.
11-15-2012 Newshound Guru Adam Montana [Questions: With new information stating that the U.S. will be the leader in oil product, out producing the Saudi’s (although some years away), in your opinion how will this effect the value of the U.S. Dollar to that of the IQD and the Saudi Dinar? And what will this look like for our investment in the future?] I think this is a good thing for our investment. If Iraq wants to raise the value of their currency, they need to do it BEFORE the US starts catching up in terms of oil production. The value of oil, and therefore the intrinsic value of their currency, will go the wrong way when the US ramps up oil production. they need to raise the value SOON, otherwise they won’t have the resources to back up a higher valued currency.
11-15-2012 Newshound Guru Kaperoni tariffs are directly related to the exchange rate as the WTO to the Tariffs. One goes with another. So if they hold this new target date, we should see the rate rise well before June. Now is good.
11-15-2012 Intel Guru TerryK Heard comment that Shabibi will be back. Shabibi said he will not set foot in Iraq unless they drop the arrest warrant due to the reason that he knew he would be carted off to places unknown. Shabibi knows what Maliki will do…they have hated each other for a very long time…Big power struggle but they are peas in the pod. Shabibi does not want Maliki to get his hands on all that money and go out at buy weapons. Talibani left the country today he was angry, aggravated…as diplomatically as he could put it stated Maliki was difficult to deal with. I know some of you are tired of hearing it’s going to happen. So many things change…but what I bring to you is the rumors we hear.
11-15-2012 Newshound Guru Tlar I guess the tariffs are put off again. The exchange rate has to go up before this event or it will be extremely inflationary. It’s coming even if it is not exactly in January. If they actually implement this, this time, we should see the RV before June. I guess Turkri isn’t worried about accounting periods as was Shabbs. That’s a positive if true because had Shabbs still been in office and not pulled the trigger Jan 1st, it would have been delayed another year. Remember Shabbs said he would not remove the zeros in the middle of the accounting year because it would be to complicated to make the change.