12-17-2012: Iraqi Dinar Guru guesses!!!
12-17-2012 Intel/Newshound Guru Poppy3 They are in an urgency to complete everything as quickly as possible. The Judiciary passed several laws that we were waiting on & that opens the door for you & I. Also, an article came out “The CBI board give the CBI governor permission to raise the value of the dinar”, that just tickles the fire out of me. It cannot do them any good to come out low and creep up. They have to come out with a value that can stabilize their economy and that is what Dr. Shabibi said many, many, many times. He wanted it to come out at a median rate where that over the next 24 to 36 months he wants it to stay at that median rate and allow them to grow and to stabilize their economy. If it comes out low it disrupts the trade on the oil from the two oil fields that they share with Kuwait. Whatever they come out at it has to be approved by the IMF.
12-17-2012 Intel Guru TerryK I KNOW YOUR LOOKING FOR THIS. WHAT HAPPENED? ITS THERE TRUST AND WAIT. REMEMBER WHAT THEY SAID IT HAPPENS AND WE WILL NOT SEE IT FOR A PERIOD OF TIME. LETS SEE WHAT PANS OUT. I HAVE INFO I CANT SHARE BUT HAVE FAITH, ITS THERE. BE BACK WHEN I HAVE MORE.
12-17-2012 Newshound Guru Tlar He [Turki] has just been given full descretion in the mechanizm and the rate. He is in Amman or is just back. Meeting with the IMF and we think Shabibi. I believe that they are discussing the mechanism and the rate, all at once or a little at a time. If we can come up with the problems involved in a float, I’m sure they can too. I’m hopeful they will just bite the bullet and do the deed. Either way guys unless they have changed the plan entirely, which I don’t believe, there is no LOP. I believe they are back to an RV verses float.
12-17-2012 Newshound Guru Tlar Turki has basically proven to me that he is following closely in step with what Shabibi was trying to accomplish and in the past he has stated he is in approval of the removal of the zeros. Articles…are once again using the language, remove the zeros. In the month leading up to Shabibi’s removal that term was all but gone from the news as Shabibi targeted just introducing the dinar on a free float because of the heat and pressure coming down from the government. So we know the original plan was to remove the zeros from the nominal value and the later plan was to start the change as a low free float. Which plan is Turki following? As I said Turki has in the past supported the first plan.
12-17-2012 Newshound Guru Tlar If the CBI still holds to the original Shabibi plan and there is every reason to believe they are, both Shabibi and Saleh have stated numerous times that they were going to remove the zeros from the “nominal value” not the currency per say. If they remove the zeros from the nominal value at the present time that would make the dinar worth .86. If they first adjust the exchange value to 1000 to one first and then remove the zeros from the nominal value, that would make the currency 1 to 1. This is the goal Shabibi was originally aiming for, 1 to 1. We know the IMF signed off on this number because of articles coming out saying they would support the removal of the zeros. In a LOP situation the CBI would not need to borrow any money so I assume this means that any LOP is out of the question. The CBI would need no such support.
12-16-2012 Intel Guru TerryK JUST GOT OFF THE PHONE WITH SOURCE…WE MAY NOT SEE THIS UNTIL LATE TONIGHT OR TOMORROW…SO DONT WORRY, IN FACT JUST ANOTHER SOURCE TOLD ME LATE TONIGHT-TOMORROW.
12-16-2012 Intel Guru TerryK To think that this maybe the day. to sit here and think that the next words maybe the last we share. to think that all our lives maybe changing forever. THEY [FOREX] START AT 5, BUT USUALLY TAKES A FEW HOURS TO POST. SOURCE JUST CALLED. THE CALL I HAVE BEEN WAITING FOR. they are excited and telling me if there is a night for this to happen – tonight is the night.
12-16-2012 Newshound Guru Tlar Article quote “The statement did not reveal the new proposed price of the dollar against the Iraqi dinar also did not specify a time limit for the implementation of the mechanism for lifting the price of the Iraqi dinar. ” The word mechanizm as it relates to increasing the dinars value, has been used many times by the CBI since at least the middle of 2009. It is not descriptive of what their going to do. A mechanism as it is used in this sentence is just what ever way they decide to do it. The statement “the new proposed price” says to me that there will be a new price…seems to me they are talking about a specific number, and not a moving or fluctuating target. Either way no matter a float or a solid step up in the exchange rate, the CBI should be able to defend it. Both ways are very acceptable to me.
12-16-2012 Newshound Guru Adam Montana The CBI and MOF is NOT transparent with their accounting or actions, and we do NOT believe the numbers they release. They tell us what they want us to believe, and that’s it. There is no guarantee of truth when you hear or read about their reserves or any other accounting matter.
12-16-2012 Newshound Guru SWFloridaGuy this coming Tuesday (12/18) the UNSC has scheduled a consultation regarding Iraq’s continued commitment to full implementation of its outstanding obligations under the relevant Chapter VII UNSC resolutions. This could just be a formality and nothing of any importance. I only give this some credence because just two weeks ago the council members reaffirmed the importance of Iraq achieving international standing equal to that which it held prior to the adoption of resolutions pertaining specifically to it.
12-16-2012 Intel/Newshound Guru Poppy3 GLORY GLORY GLORY !!!!!!!!! The courts now have passed the laws where if MALIKI is voted out he can’t delay everything by filing a suit against his removal … This is a obstacle we would have surely faced if they had voted him out prior to this. With this news and the ERBLE agreement to be voted on Monday which will remove about 2/3rds of maliki’s power things are looking very good right now. THEY APPEAR TO HAVE A URGENCY TO GET EVERYTHING COMPLETED AS FAST AS POSSIBLE. I AM REALLY GETTING EXCITED. This is huge great news for all of us, glory glory glory .
12-16-2012 Newshound Guru Kaperoni I had a long conversation over the float with the facilitator back a few months ago, i wish i could say more, but they assured in all aspects that a free float would be just fine for Iraq…what I learned and been taught is the dinar will free float from where it is now as they say by..”market forces”. I dont know if it really matters to us. Like I said, i dont care how they do it, as long as its going up. And the good news is, it seems that is about to happen.
12-16-2012 Newshound Guru Enorrste Article: “Received the Commander in Chief of the armed forces of Prime Minister Nuri al-Maliki written questions from the parliamentary committee responsible for investigating suspicions of corruption in the arms deal from Russia.” This could be the crack in the dam for Maliki if it can be shown that he was involved directly in the corruption. It could well lead to impeachment hearings against him. Time will tell.