1-28-2013: Iraqi Dinar Guru guesses!!!
1-28-2013 Newshound Guru Mountainman I especially liked this part… Mr. Turki also stated the Central Bank of Iraq is currently in the process of applying these steps to the restructuring of the currency. Perhaps Maliki dumped Shabs because Shabs was not moving on this… I don’t know if Shab’s will be back or not. I took note of the people in the audience at that meeting …Japanese and others were present and this meeting was held in Bagdad.
1-28-2013 Newshound Guru Kaperoni appears that Turki is moving forward to raise the value of the dinar. They use the magic word “soon” again. lol There is nothing in this translation that is “different” from what we already knew. Just that Turki himself spells it out for the attendees. Very good and positive.
1-28-2013 Newshound Guru Kaperoni [“must be taken slowly and carefully” now thats a complete understatement.] that actually could imply a couple of different things. Either they are taking their time preparing/implimenting this event, or they could be talking about a method in which they raise the value (float). “Slowly and carefully” seems to say more towards a “managed float” than a “free float.” but again, we will just have to wait and see what occurs.
1-28-2013 Newshound Guru Kaperoni The 5%” – IMO they are talking about the distribution of the new lower denominations of currency in Iraq. He seems to say that the local currency traders will get this currency (about 5%) of what was printed. 10% will be held back for replacements, etc. and 85% will go to banks.
1-28-2013 Newshound Guru Kaperoni I asked…in detail about the translation of this; “Does this mean 5% is going to other banks for distribution?” and he said no, he said, “Mr. Turki expressly stated that the five percent was going to be distributed to exchange houses so people may exchange the currency for the restructured currency”. I also asked him… “Did Turki mention anything about deletion of the zeroes or printing new money?” He said no.
1-28-2013 Newshound Guru Kaperoni In conclusion, Mr. Turki said that 10% of the restructured currency will be retained by the CBI and 5% of the restructured currency will be distributed to exchange houses. It should be noted that Mr. Turki remained vague as to whether these changes would be put in place on a global scale, nor did he state that these changes effect only the Iraqi economy. At no time during this speech, did Mr. Turki mention nor name the process “deletion of the zeroes”, nor did he state within this speech, that Iraq is in the process of replacing the currency. In relationship to the Iraqi economy or currency, Mr. Turki continued to refer to the application of wealth to the currency, as “restructuring” of the value of the IQD.
1-28-2013 Newshound Guru Kaperoni Mr. Turki said steps will be taken to “restructure” the Iraqi currency, which will be based on the country’s resources, and the wealth of the resources will be reflected and applied to the value of the currency. Mr. Turki stated that the measures taken to properly asing [asign?] or instill the correct value of the currency, must be taken slowly and carefully, and so they will be. Mr. Turki also stated the Central Bank of Iraq is currently in the process of applying these steps to the restructuring of the currency.
1-28-2013 Newshound Guru Kaperoni This video surfaced today…it directly pertains to the New Iraqi Dinar investment. Dr. Abdel Bassit Turki recently spoke at the Union of Arab banks conference January 12th, 2013…”Here is the translation sent to me from ReVbo. My Arabic translator reviewed this and said it was very good and accurate.”: Mr. Turki stated that Iraq has major resources; which, of course, oil is a part of, but there are also other major sources of wealth within Iraq. Mr. Turki stated these resources will effect the Iraq economy strongly. Mr. Turki went on to state Iraq soon plans on applying this wealth to back the currency of Iraq, for the benefit of the Iraqi peoples.
1-27-2013 Newshound/Intel Guru Flashing i received a call that banks are on green light…codes were changed. it agreed with the information received on friday. the person who contacted me last week did it again…and told me that the 10 days will reflect the rate. if we consider for that count friday then the 10 days period expires tonight. however if it started on saturday then it will expire tommorow…in addition from netherlands a person told me this will occur tuesday or before at $3.6…ok again those are rumors and u should do ur homework and draw ur conclusions.
1-27-2013 Newshound Guru Doc We find it funny that now [that] it looks like he could be replaced, a lot of the things he opposed are moving forward like banking laws. Recall we have always been of the position the RV needs certain things in place for it to be a success and Maliki opposed these things because he does not support the RV due to ties with Iran. We are seeing what appears to be very good progress now that Parliament seems to be embolden and not fearful of him. We can only hope this continues.
1-27-2013 Newshound Guru Doc We find it interesting the Maliki appears to be losing favor with the people. Lots of reports allude to this fact. It is also encouraging there appears to be enough votes to get him out of there. A recent NY Times article was quoted as saying Maliki has been consolidating power, imprisoning those that oppose him and endorsing relations with Iran ever since Obama pulled troops out. This is just another data point which supports our postulation that he has been the main obstacle to progress in Iraq.
1-27-2013 Intel Guru Frank26 WE HAVE A BUDGET…LOOKS LIKE WITH RATE. IRAQ NOW takes on NEW WORLD acquired debt. For a POWERFUL reason. 10 plus years they have asked others to pay their global bills. NOW They want to impress INVESTORS and show that THEY ALONE can pay their OWN world debt. How? By taking care of their CITIZENS via 2013 budget and INVESTORS. Look at what the CBI is doing with The World! Soon You will see more money, More accounts, More Stuff that will answer the qt – Where is the new rate? You are looking for an RV. Not I. I am Looking at it. I will not be surprised to see the 2013 budget released just a few days after the 5th of Feb. Without a rate. IMO, Rate will be amended closer to the last week of Feb.
1-27-2013 Newshound Guru Bondlady the people were supposed to get the 25% of oil profits at the end of 2012 but the fighting stopped the final reading of the hcl, so maliki had to file a law suit delaying the 25% to the people in 2012 because you cannot do it without the hcl, thats the profit sharein…it will invite the whole world into iraq to invest…pass it and all things move full speed ahead for everyone in iraq and the world.
1-27-2013 Newshound Guru Bondlady now they have to choose 1 of the 3 agreements and pass the final vote for it and it’ll be a huge historical thing too as its took them forever to do, article 140 falls right in here too and they have come to agreements on most of that just doing the finalizing of it all now and the same applies here too, imo, to the hcl, they will go together or shortly right after each other and it will have to be because its also part of the budget.
1-27-2013 Newshound Guru Bondlady i think they may have had a secret agreement per the hcl and its just not voted or it’s not announced yet. so, they have narrowed it down and they did read it once and it was passed for the final vote but the kurds blocked it saying thats not what they agreed on so it went back to be amended. kurds feel like they deserve more of the profits than anyone else does but that they have come to agreements.
1-27-2013 Newshound Guru Doc The same article mentioned the “float” strategy. Our opinion continues as reported many months ago that the plan is to introduce the dinar at or below $1 and allow it to float up as the markets determine. It also appears there is a 2-3 year vision to work the dinar back up to the $3+ range as it once was before the gulf war. We believe this makes huge sense in that the value will increase as the infrastructure improves and more oil is actually produced.
1-27-2013 Newshound Guru Doc There was tons of great articles and news releases from last week. Several came from the CBI which were very forthcoming. One specifically talked about linking the banks electronically to the internationally which we see as excellent progress. This obviously would facilitate trade with Iraq making financial transactions much simpler. Another article discussed monetary policy and specifically mentioned getting the dinar on par with the USD. While this is not new news it once again verifies our position that the $3+ initial rate rumors are simply not factual and certainly not supported by the body of evidence.
1-27-2013 Intel Guru BWM [Will budget trigger rv as so many are saying?] my theory with the budget is sort of like the thought process with Chapter 7… many say you will see the budget announced and then an rv… my thought process is that we COULD see an RV before the budget but if we see a budget before we hear about an rv, if it wasn’t almost simultaneous, it could be a bad thing for us…as you saw today the budget was postponed again…why? I still believe they are trying to put this through and if they were to put out all these things from Iraq they’d have no more excuses as to why we haven’t seen it.