2-2-2013: Iraqi Dinar Guru guesses!!!
2-2-2013 Intel Guru Footforward The Asiacell info is irrelevant to the RV. It does not signify the timing of the RV. There are pieces to the puzzle that prove the RV WILL happen and there are pieces to the puzzle that prove WHEN the RV should happen and the two are not necessarily connected. Not everything is an indication of the timing. Be hopeful, be optimistic. There is a time here soon where we will be in post RV mode.
2-2-2013 Intel Guru Footforward There hasn’t been any secret RV. Once it RV’s you will know right away. The HCL has been agreed to on paper, it just hasn’t been activated. People forget that Iraq is under Chapter 7 sanctions and you do not call the shots when you are under these sanctions. They haven’t opened their budgets for several years because the budgets that they do are based on revalued dinar. Everything is on hold until they actually have an RV, after that the money will start flowing.
2-2-2013 Intel Guru Footforward Banks at the higher level are looking for this. The RV should happen in February, you can piece things together, things that are moving forward. The purchase of Boeing jets is not the sign of a broke country. The Standby Agreement has not been renewed, it expires February 23rd. If you don’t have an RV and don’t renew the Standby Agreement, then Iraq will be in a whole lot of trouble because they will not be getting any of their money back. So, the RV should happen between now and the 23rd. Of course things happen, but it should.
2-2-2013 Newshound/Intel Guru Flashing rumors and news are excellent…dealers are expecting it anytime now and…one of them said it already rved, but they are just waiting for the international release of the new rate…again rumors rumors…imo we r close but i don’t have any evidence about an internal rv…some sources are saying tomorrow night is our night. again those r just rumors. they insisted the rate will be between 5 and 12 for the iqd and .27 to .57 in vnd. there is no holdups. it will be worldwide at the same time…rumors [are] from trustable sources…expecting anytime now.
2-2-2013 Newshound Guru SWFloridaGuy So, right now they are receiving training laying out all their economic and trade policies that relate to WTO agreements and then the next step will be to submit a memorandum to the panel for consideration. The fact that they are even being considered right now tells me that they have already decided the direction that they are going take with their currency reform project. I’d say they’re in good shape moving forward. In my opinion Iraq is headed in the right direction and so is their currency.
2-2-2013 Newshound Guru SWFloridaGuy We have another encouraging report from the WTO. Senior Iraqi officials have received intensive training on the multilateral trading system and to joining the WTO. This is very specific and necessary training that is directly related to the procedural steps regarding accession. Iraq applying for WTO accession is a great sign for investors because a convertible currency is necessary for Iraq to join the WTO…We believe this is an obligatory stipulation for accession where they are concerned.
2-2-2013 Intel Guru Frank26 Now keeping all this in mind IF We see a 2013 budget with an INTERNATIONAL rate soon Then IMO, Iraq will be presented the frayed remaining parts of the UN’s Ch7 and walk right into article 8 of the IMF and that…is stupendous for us invested in the IQD! Timing is required in keeping a good rhythm. I like this timing, LOL. IMO, It’s about time!
2-2-2013 Intel Guru Frank26 IMO, Iraq will NEVER see the keys to their shackles until they add INTERNATIONAL value to the IQD. This is the way I see it. With the EU unfreezing Iraq’s assets Iraq has NOW been given CONTROL of their currency. If Iraq truly wants to do INTERNATIONAL trade with The World once again then the EU has just opened the door wide for them to do so. BUT, First add respect to the IQD.
2-2-2013 Newshound/Intel Guru Flashing By the way is worth to mention that USA and the United Kingdom are supporting the release of Iraq from ch 7, because in the past these were the powers that wanted to keep Iraq in ch 7. So imo this is very relevant and indicates to me that this time Iraq holds all the cards to get their release from such chapter. In addition to that there were others articles that let us know the imminent status of the rv like this one: “CBI authorization to reduce the dollar exchange rate to enhance the value of the dinar.” I feel very confident about our investment and the imminent status of the rv. So be happy and hope for the best because there is nothing negative.
2-2-2013 Newshound/Intel Guru Flashing there is a joint effort to get the pending matters done. At this point may be they are done or are in the final stage of them. All articles are supporting an imminent rv as well as the release of ch 7. Based on the…articles I think that may be the UN and the big players are looking for a total release from ch 7 instead of a transfer from ch 7 to ch 6 and may be that is the reason why they are facing some opposition from Kuwait.
2-1-2013 Intel Guru Blaino additional, we still see the $3.42 rate in the foreign currency division, as a buy rate (buy from you), there is no ‘hold’ and there is no sell rate (sell to you) which has popped in a few times at $3.6x for 9 to 10 minutes, 4 minutes ONCE…. this is from a major, nationally recognized bank…it has to be some of the best information there IS…Methinks! we will likely see a float (managed or “dirty” float) and there is some conversation that it will likely be close to the KWD.
2-1-2013 Intel Guru Blaino THERE IS A SECRET DEAL THAT I AM INFORMED OF, CANNOT HAPPEN IN A ‘CURRENT VALUATION’ SITUATION…CANNOT SAY MORE, BUT THAT DEAL IS MOVING FORWARD! last night’s festivities were delayed 24 hours (according to my information today). Time is short for the life cycle of the rv/current currency situation in IRAQ…. And it’s not looking like it will survive the midweek hump next WEEK…There may be a lot to see tomorrow or MONDAY. iraq has been out of the drivers seat for a long, long TIME. i was planning a “pass” through tuesday at 6am CST…But, Nope! we may see something (based on the last few calls) in that interval.
2-1-2013 Intel/Newshound Guru Poppy3 i just got a call saying maliki has been dealt with during this meeting that has taken place today at najafi’s home and that he has been issued a ultimatum in writing to sign all documents he has been served on all his previous agreements, erbil. 140, hcl, borders and to complete his appointments, lift the outstanding warrants on officials and perform all duties by tuesday or he will be removed from office period. This is from a source i know, but i don’t know his source, but i know he is in dc and has in the past had some very good information. He like me is taking the news with a grain of salt and hoping like us it is all true. Stated there is another meeting at najafi’s home tomorrow to prepare for tuesday parliment meeting…Time will tell.
2-1-2013 Newshound Guru LoriC Article: “The existence of a large cash reserve of hard currency is kept to face the difficult circumstances that may occur in the country gives the strength of the dinar against foreign currencies. The central bank’s policy is aimed, according to the benefit to the stability of the exchange rate of the dinar against the U.S. dollar, likely equal to the price of the Iraqi dinar against the U.S. dollar during the next two years after the implementation of the project to delete three zeros from the Iraqi currency.” This was a great article from today that confirms our suspicions about a historic, huge 1 to 1 RV.
2-1-2013 Newshound Guru Kaperoni Article quote: “international standards to improve government performance and to serve the overall development process and the public interest and ensure providing accountability and transparency of government performance.” if Iraq implements the financial reforms they are suppose to, they will have a difficult time stealing as the article said.
2-1-2013 Newshound Guru Administrator Bob Article: “Council of Ministers: the deadline next May immunity” This is big news. The end of financial immunity forces Iraq to interact with creditors. If not, they are subject to leans, lawsuits, etc. This particularly is interesting as it relates to the Paris Club, IMF Stand-By-Agreement scheduled to expire Feb 23rd. 2013 appears will be the year for Iraq to complete the plan.
2-1-2013 Newshound Gurus Mike & L.J. Formation of Iraq government is key. Emergent deadlines approaching. Iraq needs to “grow up” & value their dinar in order to run w/the big boys. CBI is moving forward as quick as it can. Adding too much value too quickly could cause instability. Economic process takes a lot of time considering factors that need to be correct. CBI is slower without Shabibi, but has to get it in gear for emergent deadlines. Maliki doesn’t want the Iraqis to have anything. When Maliki is gone, it seems Shabibi would be back to restructure the bank & thereafter cause great change in a few weeks time.
2-1-2013 Intel Guru Goofball HEAR IF YOU HANG ONTO YOUR DINAR THAT IT WILL BE WORTH LIKE 11 BUCKS BY THE END OF FEB. THERE IS GOING TO BE A RATE GIVEN LIKE A 3.42 RATE THEN IN A FEW WEEKS IT WILL BE UPWARDS TO 11…BY THE END OF FEB. THATS WHAT I WAS TOLD THIS AM, MANAGED FLOAT. KUWAIT IS GOING TO RV AS WELL. HEARING DONG CAN BE AS HIGH AS .91. I WISH I COULD TELL YOU EVERYTHING THAT IS GOING ON. A FEW OF MY SOURCES HAVE PM’ED ME ON HERE AND HAVE CONFIRMED ALREADY WHAT I WAS TOLD. ITS HUGE PEEPS AND ITS REAL
2-1-2013 Intel Guru Goofball I GOT GREAT NEWS THIS AM BUT THEY PUT THE DUCT TAPE ON MY MOUTH. IF I TOLD U WHAT I KNOW YOUR EARS WOULD MELT. SO IM HEARING IT CAN BE HOURS, NO LATER THAN SUNDAY NIGHT. IT CAN BE EARLIER BUT IM HEARING AT THE LATEST SUNDAY NIGHT. ITS NOT IN OUR CONTROL THINGS HAPPEN. YOU’RE DEALING WITH GOVERNMENTS, NOT JUST ONE BUT MANY.