11-25-2012: Iraqi Dinar Guru guesses!!!
11-25-2012 Newshound Guru Mike But again, they talk about increasing the value and making sure that they’re starting to move the poverty forward… All these things are inadvertently talking about increasing the value and that they need to move forward with that particular project. So, they’re keeping their eye on it making sure that it’s ready to go and ready to move forward…putting the pressures that they can put on… All good stuff for us, we like to see this happening… They’re keeping an eye on things so it doesn’t get out of control over there on the Central Bank side.
11-25-2012 Newshound Guru Mike Article: “Suhail looking with a representative of the International Monetary Fund (IMF) the actions taken in the case of the Central Bank” Woo Hoo! Remember the IMF is going to guarantee the funds and the money…So they are out there to see what’s going on, they are there in an advisory role, but they are definitely checking to make sure that things are moving forward. You got the World Bank, you got the IMF in there and they’re all kind-a doing their jobs, but they’re in there kind-a keeping an eye on things to make sure those reserves are there… And in my research they’re still publishing there reserves somewhere between 65 and 70 Million Dollars to the world, so nothing has gone on with those funds, so they’re pretty happy that those are there.
11-25-2012 Newshound Guru Doc The old arguments that the RV rate is in the new budget are surfacing once again. We will address this one more time. Iraq budgets based on oil production (barrels/day). Oil is paid in USD NOT DINAR. Iraq receives USD for its oil. The budget converts this revenue to dinar by using the program rate which is 1160. Allocations amongst the various government agencies is then made from this converted USD to dinar pool. The budget is simply a reconciliation of revenue and expenses. Now do they have an off the books budget based on the RV rate ready to go? Most likely but we are not privy to it.
11-25-2012 Newshound Guru Kaperoni It does not matter who is in charge of the CBI…any substantial currency changes (RV, float or whatever) would require the coordination of many agencies or departments in Iraq. ie..security, engineering, advertising. Therefore, the CBI has to coordinate efforts for this to go forward. And as long as Maliki has this “weak dinar” policy, it is a problem. The question has become, will the IMF, World Bank be able to exert enough pressure on him to make a monetary change? We all know the current conditions of the dinar, and we know the circumstances pertaining to the free market economy. And we know the CBI is ready, what will it take to make the GOI ready?
11-25-2012 Newshound Guru Bondlady i’ve basically gotten into their heads and its a crappy place to be but i had to do it to be able to understand the mind set of this culture of people. so they will fight this crap out, its what they do its how they settle their issues it does cost bloodshed all the time its what they do they thrive on bartering and crisis its how they settle things and they eventually will but on iraqs sundial not your timex.
11-25-2012 Newshound Guru Bondlady they fight to solve their problems, its the middle eastern way and if you want to understand iraq and iraqi culture and iraq politics then you have to get out of your western thinking to do it otherwise you will never understand and the opinions which you form won’t be right because your looking out of the eyes of a whole separate culture…when you read iraq news if your reading it as you would american newspapers then your gonna be wrong on your interpretation of them. i have through my work skills as a profiler learned and studied each of the major players in iraq politics, thats how i know whats right from wrong and what they mean and say.
11-24-2012 Intel Guru TerryK ALL IS GOOD IN THE DINAR WORLD…NEWS POINTING TO THIS BLESSING TO BE CONCLUDED MONDAY…I DO HAVE A PIC OF A RATE ON FOREX LOCKED IN FOR THE IQD AND VDN THIS WAS TAKEN THURSDAY…HAVE A CALL COMING LATE TONIGHT FROM CHINA SOURCE… IT [VND ?] WAS .047 ALMOST 5 CENTS…MAYBE THE RV SHOWING MONDAY.
11-24-2012 Newshound Guru Doc We maintain our position that these are the keys for currency reform. If the CBI were to float the currency on the global exchanges at the reported $3+ rates it knows the rate would plummet rapidly due to macro issues. This is compound by reports the USA will be energy independent by 2016. This is why we also maintain our position we will see and initial rate below $1 with a rise to $1 over a reasonable time.
11-24-2012 Newshound Guru Doc What we are hearing from the high rate short term opinions is more emotion than fact especially when you look at this situation from a macro economic perspective. And believe us this is the way the global economic community is looking at it. First and foremost fiat currency needs a functioning stable government in order to maintain its value. Secondly it needs some level of GDP to back it. Right now the GOI is not completely stable and in our opinion this is why chapter 7 has not been fully lifted. Also HCl has not been finalized which is the main revenue source right now.
11-24-2012 Newshound Guru Med I CANNOT FIND ANYWHERE IN THE GAZETTE WHERE THE AMENDMENT TO THE INVESTMENT LAW TOOK PLACE OR WAS VOTED ON THE 18TH….OR EVEN THE 19TH…I WENT THROUGH SEVERAL HUNDRED ARTICLES THAT WERE POSTED IN THE GAZETTE