2-5-2013: Iraqi Dinar Guru guesses!!!
2-5-2013 Intel/Newshound Guru Poppy3 MANY QUESTIONS ABOUT IRAQ STABILITY AND IF STABLE ENOUGH TO SATISFY THE UNITED NATIONS AND IMF. LOOK, FINANCIALLY AND RESOURCE GROWTH, AND THE DEATH RATE IN IRAQ IS MUCH BETTER THAN THE USA RIGHT NOW. I THINK THE UN AND IMF WILL APPROVE THEM QUICK IF THEY NULLIFY MALIKI’S POWER OR REMOVE HIM VERY QUICK.
2-5-2013 Newshound Guru Shredd Here’s another big point: Without an international currency, you cannot manage your risks in the efﬁcient ways that have become the standard in countries with internationally tradable currencies. The lack of international stability is also a problem in trade. Lastly, companies in the developing countries would have to enter the global competition with a crucial disadvantage. While their competitors would be able to hedge, swap, and obtain ﬁnancing wherever it is cheaper and most convenient, they would be forced to rely on the credits and services provided in their weak, shallow ﬁnancial systems. So, hopefully this brings a little more light to WHY it is important for Iraq to move to an internationally tradable currency.
2-5-2013 Newshound Guru Shredd It’s been coming up for quite some time whether or not Iraq really NEEDS to revalue their currency and get it to a place where it is internationally tradable. The question goes something like this; “Can’t Iraq just keep on going like they have been and do all business in US Dollars?” First of all, without an internationally tradable currency, Iraq is walled off from the globalized financial system, thus raising the cost of business and increasing risk and uncertainty in the economy. This problem is that the CBI will not be able to provide a currency that people can use throughout the world.
2-4-2013 Newshound Guru Tlar “I’m, not saying where [we’re?] there yet, but it certainly seems this is all about creating the “right climate.” With the EU agreement, private investment, deals with European and Asian countries such as the Czechs and Ukraine and Sweden, Germany and China and Korea, WTO progress/training, the recent banking reforms (connectivity and training), more UN chapt 7 lifting articles, were getting close to activating the dinar internationally.
2-4-2013 Intel Guru Goofball I HAVE 4 DIFFERENT SOURCES SAYING TOMORROW…BUT TREAT THAT AS A RUMOR. I HEAR IT’S SHOWING LIKE 3.46 IQD IN DIFFERENT PARTS OF THE WORLD AND HEARING THE DONG IS AT .42 RIGHT NOW BUT TREAT THAT AS A RUMOR. MY SOURCES ARE HOT FOR WED AND THURSDAY, SO LET’S SEE.
2-4-2013 Newshound Guru Kaperoni Article: “2013: is not encouraging for the replacement of the currency and deleting three Ocefarha” I will say, with the large auctions the last few months (over 200 mil per day) they are seriously collecting dinar. And that would not make sense unless they were about to transition. That being said, I am not sold on any “boarders closed by US troops rumor.” Maliki does have a point about stability, yet, the IMF deadline appears real for Iraq to implement or at least be ready for there “exchange regime” (float). If Iraq fails to follow the agreement, and Paris Club were to cancel the negotiated terms of the debt forgiveness, come April/May all that DFI money could be lost to creditors. Not saying it would or will, just that it is possible. Therefore, I don’t see delays and these articles are very hot and heavy today..circulated everywhere in Iraq…tells me they are telling the citizens something is about to happen to your currency.
2-4-2013 Newshound Guru Tlar the troops are back in Iraq and the CBI is teaming with talented people from the IMF and US Treasury dept. Also Turki sounds very upbeat about where Iraq is going and seems to be knowledgeable in what he is doing. People all over Iraq are speaking out against Maliki. The signs are there. My timing was off.
2-4-2013 Newshound Guru Tlar [have we come to your deadline date?] Yes. I thought Maliki would be gone by Feb 1st. I was wrong. I just don’t see him surviving the onslaught of criticism and parliament’s ability to now override him. I was wrong on my timing but still believe in my premise that he will not survive long enough to see the next elections, is accurate.
2-4-2013 Intel Guru Fresh Take a look at the figures…in the article published this morning on the revised budget…the previous budget was 138.4 Trillion Dinars ($118.3 Billion USD)…the new budget now says “The total federal budget 138 billion dinars, which is the largest in the history of the Iraqi state” This could be big folks…
2-4-2013 Newshound Guru Doc The one area we still are somewhat concerned about is the HCl. The reports of it being passed are hogwash. We have recent direct quotes from Barzani threatening to break away from Iraq now that Bagdad is once again not paying. This deal is far from resolved and is most probably one of the major stumbling blocks left concerning currency reform. We continue to look for key infrastructure to be put in place like HCL and then turn up the hype. We report, you decide.
2-4-2013 Newshound Guru Doc The best way to describe our situation is things are progressing. There were several very good recent articles about accession into the WTO. This is something we will keep a very close key on. If this pans out then currency reform is a guaranteed precursor. Also there were many good reports of banking type laws being passed. Things appear to be accelerating and we can only hope they will continue.
2-4-2013 Newshound Guru Kaperoni Article: “Government recognizes its inability to cancel three zeroes of the dinar” it is clearer than ever that this is a Float/RV and not a LOP. The only way they can withdrawl 3 zero notes is through the CBI’s auctions…therefore we are correct as they have been trying to do that for while now. This quote… “adding that any improvement in the political situation in the country will contribute to make this happen faster.” …may be specifically talking about the float rather than a delay. That as stability increases, the rate will rise do to international confidence. Just a view.
2-4-2013 Boots on the Ground WAR I went to the bank of Baghdad today, the exchange rate is 1170 for the past three weeks, there has not been any 25,000 Dinar notes at the bank or in the ATM machines. Now the bank has just received a injection of liquidity of 25,000 Dinar notes, so you see it is not drying up as we first thought. Today I tested my international Baghdad bank credit card. There was no 1.04 rate on it. So please do not spend your last dollar gambling that it will hit any time soon. I am not looking for our blessing to happen until around the 15 February to March 7, things moving along, laws are being passed. Do not worry about the Dinar going down in value. This is part of the plan to weed out the weak at heart. Stand your ground, and we will see this RV come to fruition.
2-4-2013 Intel/Newshound Guru Poppy3 Article: “Economist: Value of IQD in decline since Shabibi’s ouster; Expect USD supplies to increase if GOI keeps policy” ANOTHER CONFIRMATION TO ME, I AM RIGHT ABOUT DR. SHABIBI OR A SUITABLE REPLACEMENT WILL BE THE HEAD OF THE CBI BEFORE WE SEE A RV.