1-7-2013: Iraqi Dinar Guru guesses!!!
1-7-2013 Newshound/Intel Guru Flashing imo, we still anytime now within my time frame. Unfortunately the rumors about yesterday didn’t become a reality, but everything still excellent. Today you will see some smoke in the media. Don’t pay attention to that. We are in an excellent position. just remember that UN cannot hold their report and its decision for long time. so we should expect it any time now. My time frame still the same until Jan 15.
1-7-2013 Newshound Guru Kaperoni Article: “Economist: need to delete three zeros project this year to support national currency” Some very good information in this article. Though it is from an economist, and we cannot tell when it will happen, it does add more confirmation to the fact that there is little to no dinar left as a result of the auctions. He requests that they impliment this event this year (which we know from numerious articles it must occur at the beginning of an accounting year). It also adds another voice in support and requests the GOI (Maliki) support this. We can ony hope.
1-7-2013 Newshound/Intel Guru Flashing remember that in late november the greece budget agreement was approved, during december and january kuwait and iraq agreed on kuwait airways, during the 3 months period ended oct 31 iraq quadrupled its gold reserves to support their currency, during december they started the border markers and are on the last phase of it, etc…they are taking care of issues that were a threat for the international security and peace…beside rumors, a lot of articles indicating iraq is taking care of pending issues. they will be moved from ch 7 during this month so they need to rv…we are in an any time now alert.
1-7-2013 Newshound Guru SWFloridaGuy • The CBI will be able to intervene through regulatory powers and control the money supply and work to keep the IQD near the official (most likely unofficial actually) target rate. • Only at this point can we can expect to see a substantial arising onto the foreign exchange market. I hope this serves to clear up the confusion…I do believe that one day (hopefully very soon), the IQD will be traded on FOREX.
1-7-2013 Newshound Guru SWFloridaGuy • When the time comes the CBI will get the signal from the Executive and legislative branches to initiate the implementation. • Once they get the go ahead they will set a goal rate then send it to the BIS for approval. • At this point the BIS subcommittees (Central Bank members) will approve the target rate and regulate capital. • Once approved the new rate will be sent to all central banks around the world simultaneously and this is when you will get the first opportunity to see the rate.
1-7-2013 Newshound Guru SWFloridaGuy I’m going to lay out the actual process that a revaluation must go through before it can go live to try to help clear up some confusion. The IQD is not traded on FOREX and will not show up there first. This will not show up suddenly and start trading on FOREX…When a country/Reserve bank changes the value of a currency there are certain procedures that will take place long before it starts trading on FOREX. Here are the actual steps we should be looking for:
1-6-2013 Newshound Guru Doc We are encouraged of reports of a shortage of dinar within the country. As we reported many months ago Shabibi was “retiring” dinar which we applauded as a very efficient way of not having a lot of dinar in circulation prior to a RV. All reports indicate this was accomplished. While this does not indicate the RV is “any moment” we do concede it to be a necessary step. Keep in mind though the country still functions on USD and can continue to do so. All-in-all this is a positive confirmation. We report, you decide [post 2 of 2]
1-6-2013 Newshound Guru Doc We continue to have a hard time getting excited in the short term with Maliki running around doing whatever he can to upset the apple cart so to speak. Simply put the GOI is not to stable. Recent reports talk about dissolving Parliament. It would be tough for the international community to have confidence in Iraq’s currency when the GOI is changing daily. Secondly, despite reports…HCl is not a done deal. And until it is done the assets to back the dinar are not secure. Because of this we continue with our opinion the likely hood in the immediate near term of currency reform is low. As we finally see these issues resolved we should see the fruits of our investment realized. [post 1 of 2….stay tuned]
1-6-2013 Newshound Guru Mailman17 I WAS WAITING A LONG TIME FOR MALIKI TO CUT HIS OWN THROAT. PRAY THAT PARLIAMENT STAYS STEADFAST IN THEIR CONVICTION AND DOES NOT LET MALIKI WORM HIS WAY OUT OF THIS. SO SUNDAYS THE BIG DAY…WE WILL WAIT….WITH FINGERS CROSSED.
1-6-2013 Newshound Guru Bondlady [So do think there is any validity to this emergency session to do a vote of no-confidence?] its not for a no confidence vote, its for laws and their wanting to amend the amnesty law and pass it too. its one of the demands of the protestors. see they’re trying to pass a basket of laws – budget, hcl, art 140, amnesty and infrastructure…but to pass those there is fighting because someone wants the amnesty law as it is which basically frees everyone and no one is held accountable for crimes. so they stop the other laws that need to be to get their way but malikis given them a big thing here…maliki’ pretty much told them this is the last chance to get their act together…either do the laws or he could dismantel parl and call for early elections and form the majority gov…we have to have these laws too, these laws bring on what we want.
1-6-2013 Newshound Guru Kaperoni As our political expert Kirk Sowell said he gave little chance of a NC vote as it would take 163 votes which would be unlikely without some of the Maliki’s party attending. And even if they wanted to, it would require a request (7) day to interview Maliki first. He did say, he felt that political blocks would support (and get 163 votes) a vote to dissolve the GOI/Parliament if new elections were held. I have to stand with his view. I might add, that the fear I have if they dissolve the GOI/Parliament in favor of new elections, Maliki would simply delay such an event, thus become a full dictator. I don’t know if that is possible or not, but something to consider.
1-6-2013 Intel Guru Bear5642 he [Iraq source] called me back late last night and said it’s a go for the RV. He told me to watch for it after 5pm eastern. We have another source from Iraq who is telling us Monday. I have someone with a Forex account who is watching his screen to call me. some documents had to be delivered today and the package did arrive as expected…The package was delivered in Iraq to associate…done deal. I will come back… after 6pm central…I am hoping to get an update sometime around 3pm central.
1-6-2013 Intel Guru BOBGETZ6 The KWD is about $3.55 to the USD. That should tell us something. Why would the IQD be less? If it did come out at one to one, the market would drive it up fast and big time.
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: