1-5/6-2013: Iraqi Dinar Guru guesses!!!
1-6-2013 Newshound Guru Kaperoni I read somewhere today that Jan 6th will be the official holiday (new national day) acknowledging the official day the troops left Iraq. When I go back to the creators of the “delete zeros” plan (Shabs and Fadel) there was an interesting statement…”Here, it must be noted that the responsibility lies with the Central Bank of Iraq in the case of the decision to move to the application of this procedure where it should be the process smoothly without any problems and that the new dinar will be announced to start a new era, not just the currency removed zeros but also gives hope to the end of the time of war, sanctions and inflation ” What better time than on the anniversary?
1-6-2013 Newshound/Intel Guru Flashing [we looking good for this week still?] very, very good based on rumors. tonight could be our night.
1-6-2013 Intel Gurus SteveI, Ray & Ocrush –> Now parliament is suppose to meet at an extra-ordinary meeting this Sunday, lets see how this plays out. Furthermore, they are calling this one “Historic”. I have never seen anything like this ever, so this must be very important. Our personal feelings are that we should see the revaluation in the coming days. There is no other logical explanation for them not to show there hand. Believe me…..if there were any negative outcomes, we would have known by now, but everything seems to be hush-hush and behind closed doors. There is only one reason for this, and I think you all know what it might be. Please stay patient for we are at the end of this ride one way or another.
1-6-2013 Intel Gurus SteveI, Ray & Ocrush –> The Chapter VII issues have been resolved but they have not come forward yet, and we feel that Kuwait’s Emir is the one to follow. The United Nations has had many meetings including one recently that was behind closed doors. This was for a reason. All three of our contacts are hearing and feeling that Chapter VII was accomplished, but it has not been formally announced. We think the reason for this is that this is Iraq’s party so they will wait and announce it simultaneously with the new 2013 budget. Again, this is our opinion and also that of our contacts. We feel something this important needs to be announced by Iraq.
1-6-2013 Intel Gurus SteveI, Ray & Ocrush Here is a fact that was in the news that I think many folks missed. For the first time that I can remember, Iraq has officially closed the accounts (books) ending in the year 2012…from what I do recall, it was always carried over from year to year. So we all feel that if you close the accounting budget (books and accounts) for the year end 2012, in order to get monies from the Ministry of Finance for 2013 you will need to open the new budget. Do you see where we are going with this one?
1-6-2013 Intel Gurus SteveI, Ray & Ocrush –> We know that the Government of Iraq (GOI) did not go on vacation when they were suppose to (November 14th until December 14th 2012), and you all know how important there vacations are. –> We know that the 2013 budget has gone back and forth between the parliament with the final adjustment, and the Prime Minister has signed off on it, and the Finance Ministry has ratified and submitted it back to parliament for final approval and vote to be put into law.
1-6-2013 Intel Gurus SteveI, Ray & Ocrush As you all know we try our best to give you verifiable information. It is extremely important for all of us to stay focused and not jump to conclusions but trust me, this is getting harder and harder as every day passes. One thing we could share with you is everyone has calmed down! For what it is worth, the banks and ISX are closed until the January 7th. Our suspisions are we are very close! This statement is a gut feeling from the three of us and we cannot provide any solid facts to prove that we are really that close to having Iraq revalue their currency. So let’s go over the facts that we do know:
1-6-2013 Newshound Guru Mailman17 KUWAIT BEING ALL FINE IS STILL NOT CHAP 7, ITS JUST A PART OF IT. WE STILL NEED ART 140 AND ESPECIALLY THE HCL THEN AND ONLY THEN WILL THE UN CONSIDER LIFTING 7. BUT ALSO PLEASE REMEMBER 7 IS NOT NEEDED FOR THE RV. THE BUDGET SHOULD GO THROUGH IN JAN AND THAT IS WHAT I THINK IS THE KEY TO THE RV. LOTS OF NEWS REGARDING NOTES ETC., RATES ETC. STAY FOCUSED ON WHAT WE KNOW – SHABS TERMS – ON PAR. I DO NOT THINK THEY WILL COME OUT LOW AND FLOAT TO A BUCK.
1-6-2013 Intel Guru Bear5642 Greetings everyone…just got info out of iraq. i have to be careful because i dont want to get him in trouble over there. this contact will be there all week and is waiting specifically for you know what. he told me and my friends…We will see it Monday. We have another source saying it will occur sunday. my source he is stating he is having difficulty getting through to us. my source is in iraq for only one reason and is to confirm the rv for his associates in china. i will come back… tomorrow…to bring an update. i hope my contact can get through to us.
1-5-13 Newshound Guru SWFloridaGuy Iraq has many options and there is no doubt it’s just a matter of time (in my opinion of course). I also recognize that the CBI has many options and I certainly don’t have the arrogance to pretend to know which options they will choose. I do think this will be our year though (finally), only time will tell.
1-5-13 Newshound Guru SWFloridaGuy Iraq currently has $60 billion in foreign currency reserves. In the 70s, when their former currency boasted a much larger value, Iraq’s foreign reserves were only 35 billion. As CBI reserves grow, so does their credibility. I have come to the conclusion (after over 2 years of non stop research) that the NID will reach former levels the former IQD saw decades prior.
1-5-2013 Intel Gurus SteveI, Ray & Ocrush [platinumroof’s post] “I have decided to break my silence and reveal my understanding of truth surrounding the Iraqi Dinar. First, I am married to an Iraqi born citizen who works as a foreign affairs delegate for the Iraqi Government. We are are heavily invested in the Dinar as many government people are. My husband speaks many languages and works exclusively with other country’s that are investing in Iraq, the two major countries are the United States and China. I am running a huge risk for putting out this delicate information, but at this point, it is to far along in the process to matter. The Iraqi Dinar is set to revalue prior to the 10th of January barring any hang ups, (which are common) it should show at a rate of $3.42 and experts are expecting it to rise fairly quickly from there. Yes, it could be delayed, but if it is again, it will be only for a very short time.”
1-5-2013 Intel Gurus SteveI, Ray & Ocrush There are a few things we cannot verify yet, but I think in the upcoming days what we are trying to verify will become very real and in the news. I really never had a chance to comment on the post by our member platinumroof on January 1st. Everything in that post seem to be spot on and a rate within a few cents of what we feel and that I have stated for some time. Also from the recent news, the timing could be pretty close.
1-5-13 Newshound Guru SWFloridaGuy I tend to think that infrastructure is very important but despite the fact that Iraq needs to overcome some challenges relating to infrastructure, institutional reform, hydrocarbon sector, political stability and security, their economic reforms can proceed regardless.
1-5-2013 Newshound Guru Tlar Article: “Economist: the problem of low liquidity includes all of Iraq” Low liquidity means just that. Not enough dinar. The only thing that will change this is the release of the smalls. The only thing that means is RV. This is what the beginning of the end looks like . They have bought enough dinar up that there is no longer enough in circulation to handle the needs of the economy. Articles like the above only stand to confirm my conviction that we are close.
1-5-2013 Newshound Guru Kaperoni Article: “Economist: the problem of low liquidity includes all of Iraq” Liquidity is the currency (dinar) in circulation. This article is stating that the entire country is low on dinar. They then go on to explain how that occurred (banks not following rules and currency leaving the country -only dollars makes sense). The most important point I take away from this article is it is more confirmation that there is a declining amount of dinar in Iraq. That the auctions have been one of the main reasons for that decline (latest article to include all bank in auctions will only make that worse). And we already know from previous articles the condition of that dinar (ripped, torn, glued, taped, etc). Therefore, something must be done to preserve the currency and prestige of the New Iraqi Dinar (NID) soon.