12-15-2012: Iraqi Dinar Guru guesses!!!!
12-15-2012 Intel Guru SteveI Here are a few things to look for that will lead to a conclusion of this investment. First, I think we need to look for the full removal from Chapter VII because it was this very action that put this rate at what it is today. According to a few news articles, the United Nations is flexing their muscles to help guide Iraq in the right direction and put a period behind them by passing some critical laws still pending. Now the rate…it has been stated and in print for months or past year that Iraq’s currency will be one of the strongest in the region. I still personally feel that it will be $3.46 plus or minus a few cents. As the Holidays are getting closer, so is the possibility of this investment.
12-15-2012 Intel Guru BOBGETZ6 Re the dinar, I believe that we won’t see it until the UN Security Council votes the release; if they have not already done so.
12-15-2012 Newshound Guru SWFloridaGuy Well, with the political crisis reaching its peak, a complete overhaul of the CBI, more than half of Iraq’s GDP and almost all of its foreign exchange coming from petroleum and the of hard currency in the amount of $100,000 per week to support the exchange rate and UN pondering the future of Chapter VII, I’d say it’s more like a perfect storm rather than calm seas.
12-15-2012 Newshound Guru Med WHAT THEY FOUND OUT WAS MALIKI TOOK 1.2 BILLION. IT WAS NEVER RECORDED NOR HAS HE PAID ANY OF IT BACK TO THE CENTRAL BANK. NOW THERE IS ANOTHER 5 BILLION MISSING. IT DOES NOT POINT THE FINGER AT ANYONE YET. IN ANY OTHER COUNTRY HE WOULD BE ALREADY UNDER ARREST. THIS IS THE THIRD …EPISODE WITH MALIKI. A CALL FOR A NO CONFIDENCE VOTE SHOULD BE RECOMMENDED BY TALIBANI. IF THEY HAVE EVIDENCE THAT MALIKI TOOK 1.2 BILLION USD AND NOTHING IS DONE THEN HE HAS WON.
12-15-2012 Newshound Guru Bondlady Article quote: “the central bank governor received authorization to raise the price of the dinar safety of the dollar…” is that just not an awesome lil news read, the gov is giving their blessing to the cbi to raise the dinar exchange rate and to do it when he sees fit.
12-15-2012 Newshound Guru Tlar Article: “BSA participate in the meeting of the International Monetary Fund” The CBI now has permission to raise the dinar value. We know that the standby agreement is due in February. We also know that in March Iraq will make some kind of substantial changes to the ration card. We also do know that Shabibi is in Amman as previously stated in an article. I don ‘t think it’s a great leap to assume that the dinar will definitely be on the agenda. In fact I will say that the announcement that was made that the CBI has permission to raise the value of the dinar most likely was pre-approved by the IMF. We know that the IMF is in Iraq at this time. I don’t believe that all these things coming together at this time are coincidental.
12-15-2012 Intel Guru TerryK are you ready for sunday…i have a good word that we are going to be blessed…now for news…did you all hear a certain person was back and forth between imf and ust thursday afternoon…a woman from china…i heard she signed off 100%…did you hear greece got a bail out…did you hear that a bunch of peeps flew to iraq last night…did you hear that chpt 7 was signed this afternoon – if this is true and the bank is closed (friday), holy day and opens tomorrow they will see it and we get to see it on forex sunday maybe, treat this as rumor as it comes from two different sources. now heard also rate is coming out low…but it will climb fast, all the investors buying the currency will jack it up fast…not below a buck, 1 for 1 then move. the dinar is going to be the currency to have.
Admin note: What happened to last Tuesday and the Tuesday before and the week before that..and on and on for the last 5 years Terrance? Amazing!! Your credibility is SHOT in my opinion!!
12-14-2012 Intel Guru Angelquest all that is NOW done has never been done in the past…nothing is left…i want to see it [Friday] but the banks probably do not until next week but all i know is they are hiring and training and are very very excited and crazy right now…
12-14-2012 Newshound Guru SWFloridaGuy News is getting better and better. I’m not gonna go on one of my long winded explanations though. You guys know where we’re at and you know we’re in a great spot. I am encouraged by the news of late… I’m certainly grateful to be involved and eventually (hopefully one day soon) history will prove that we made a wise financial decision.
12-14-2012 Newshound Guru Tlar The second thing this article seems to imply is that they are expecting that with the recent announcement of the CBI being authorized to raise the dinar, that the demand for the dinar will go up significantly while reducing the auction sales of USD, which also supports the premise that as the dinar goes down, USD sales go up. As the dinar goes up, USD sales go down. They already stirred the currency markets up by announcing they will increase the dinar. People in Iraq are starting to quickly turn their dollars back into dinar to hopefully benifit from a stronger dinar. IMHO they will raise the value in the next week to two weeks. Just before the end of the year. I believe the jump in terms of a return for those in Iraq smart enough to see what is happening will be significant.
12-14-2012 Newshound Guru Tlar Article: “Hits’ Raise The Demand of the Iraqi Dinar 80%” I’m not absolutely sure but it looks to me that this article says two things. The first is a confirmation that it was the difference between the street rate and the program rate that created the massive selling of dollars. We already knew this. Whether or not Shabibi planned this or he just took advantage of this condition, it was a good thing for Iraq and it was not illegal. Personally I believe Shabibi took advantage of the situation when it came about. I believe this because he could have at anytime defended the exchange rate with 67 billion in reserves. Iraq has their dinars covered at almost three times the value of the dinars out, just sitting in the bank, and at 67 billion in reserves they could have easily defended any exchange rate by putting a premium on the dinar.
12-14-2012 Intel/Newshound Guru Poppy3 Things are moving so well. The IMF and the CBI are working together and the things with Dr. Shabibi are being worked out & IMO he will be reinstated. They are indicating they are choosing an interim replacement for Maliki if they vote him out. Be encouraged. I’m excited & know that things are closing in here. We continue to get tremendous information from reliable, well connected sources here in the U.S., we will call them rumors for now. Have had numerous contacts with whats going on with the dong, no movement yet. It may happen just prior to Christmas or just after Christmas.
12-14-2012 Intel Guru BWM It should be blatantly obvious after all this time that while we try to tie every little thing to the RV. Fiscal cliff… RV. Presidential vacation… RV. McRib back at McD’s… RV. As much as we’d like to think that we know some event will be the “big announcement” or “trigger” it’s just not that easy. this isn’t on any apparent timeline you’ll find in print anywhere. Every great discovery was born out of things that had never or “couldn’t” be done and here we stand on the brink (nearly a decade) of something happening of epic proportions. The hope lies in the fact that it could be accomplished by the end of the year… will it? We won’t know until it’s done.