12-8-2012: Iraqi Dinar Guru guesses!!!
12-8-2012 Newshound Guru Kaperoni One article today talked about the currency auctions. That was a great article because these “auctions” were never intended to be long term. Simply the method used until the dinar has international convertibility. Maliki does not understand economics so his decision clearly shows a lack of understanding. I for one want to remain optimistic that this float could start at anytime. But it is hard to believe that it could happen as long as Maliki is against it. He has won out each time the CBI tried to move forward.
12-8-2012 Newshound Guru SWFloridaGuy Regarding Chapter VII & Iraq’s Reconstruction. The U.S. plays a vital role in the reconstruction. I believe this will always be in Iraq’s hands though (in part) because any large currency appreciation shock depends upon stability and faith that they can maintain long-term stability. However, that’s not to discount that other powerful entities and countries like the US that continue to exert their influence…we are quite involved, committed and heavily invested in Iraq’s reconstruction. I’m just saying that for this to work the conditions must be ripe to ensure the success of the project.
12-7-2012 Newshound Guru Kaperoni Article: “The arrival of a delegation from the United Nations to investigate the issue of Central Bank” I will say, the UN coming to Iraq regarding the CBI is great news. But there are two issues here. 1. The CBI and policies 2. The currency reform and implementation. The problem that persists is Maliki’s unwillingness to add value to the dinar. And I don’t see him all of sudden saying…ok go ahead. Either the IMF/UN or others will have to tell him to “bud out” or he will have to be removed IMO before the CBI can move forward with this.
12-7-2012 Newshound Guru SWFloridaGuy I have been extremely encouraged by Iraq’s progress toward Chapter VII removal. Although this does not directly signify a RV per say, when we see general progress that we can collectively process it’s always a good sign that things are moving in the right direction. Iraq is showing a lot of progress lately that will eventually mark their reemergence to the international stage.
12-7-2012 Intel Guru Blaino ok, we attempted a trade where the rates are showing, no joy YET… We are also hearing from the panda express that “they” say that this is the NIGHT…I cannot yet say whether we are building this house on sand or STONE… But as soon as the foundations of this are examined, i’ll be back! Again, we are making a diligent effort to bring the truth and nothing but the TRUTH…”just the facts, mam!” i had due cause to elevate us back to dinaricon level 5 the other day and this days movements are evidence of the SAME. Do not make any permanent decisions about your future or the like at this time, do not quit your job, etc. However, know that running the emotional roller coaster is not our idea of a joke, and we, like you have a lot at stake both emotionally and figuratively. More as we develop it.
12-7-2012 Intel Guru Blaino standby:::::::::::possible major breaking news!!!!!! iqd “MAY”…”may” now be tradeable…. We are on top of that issue NOW…Hope this is not “SMOKE”…no price changes so FAR… $3.22 (iqd) and $.29 (vnd) showing and with a ust HOLD…In the executive end of the foreign currency div of a MAJOR BANK.
12-7-2012 Newshound Guru Tlar It will be years before they even realize that a government is supposed to represent the people. Be glad that they have the oil. It eventually will bring them and you wealth. They eventually will get there.
12-7-2012 Newshound Guru Kaperoni Maliki is little by little consolidating power. He has removed anyone who speaks out against him or is a risk to his power base. Nobody is safe or “off limits” in the Maliki GOI. Unfortunately for us, with the CBI now losing out (independence) to Maliki, we are at the mercy of him. Controlling the tribes, his adversaries, etc. appears to be how he operates. Therefore, giving the dinar value is the last thing Maliki wants. This should have been over months ago, but letting him interfere with the CBI was the worst thing that could have happened. If the IMF, WB and Paris Peace sit back and watch, we are in for a long haul.
12-7-2012 Newshound Guru Kaperoni I asked one time after Shabibi was removed how this effects the signed agreements and implementation of the float. I was told it “does not” affect the agreements as they are with the CBI, MOF. That being said, Iraq is in control of this event and everyone waits until they decide. Unfortunately for us, that now seems to include Maliki who has the final word and has to say “ok”. Which IMO is not good for us. The facts are clear that Maliki does not want to raise the value of the dinar for a while. His efforts to stop Shabibi coupled by his advisers own words (not for another 10 years) stand on there own clearly implying they want a “weak dinar”.