2-7-2013: Iraqi Dinar Guru guesses!!!
2-7-2013 Newshound Guru Kaperoni All I know is that Iraq needs to meet the Standby Agreement which clearly said they need to “improve the functioning of the exchange regime.” At this point, Iraq has no exchange regime so they better get going. What the rate will be, is unknown but they have stated free float.
2-7-2013 Newshound Guru 8Ball [If the budget passes does it go straight into affect?] Budget like any law must be passed through the cabinet and then signed by the President and then it is placed in the Gazette.
2-7-2013 Intel Guru SteveI Ray and I have finally heard back from our contacts and the budget vote is still on for Thursday. I am aware of the few articles that say it is going to happen, and a few that say it will not. So, unless our sources tell us differently, the vote will be finished tomorrow [Thursday]. We tried to get the timing of things after the vote has been completed, but they are not sure. After talking to our sources, they are getting very concerned because Iraq is out of money to operate the country, therefore this passing of the budget is huge…
2-7-2013 Intel Guru Wife in the Know I also have been told that once the Budget passes the revaluing of their currency will follow. Yes, this could take a day or so to happen or they may just implement it immediately, either way, with a passed Budget it will show. No fan fare, just “POW” the new exchange rate against the US Dollar will appear. There will be no “LOP” as some still seem to believe, no “FLOAT” or ridiculous low rate as others keep suggesting. We will get the 3.42 rate I have been speaking of and this will slowly rise over the natural course of time. Be joyous my friends the wait is over.
2-7-2013 Intel Guru Wife in the Know I have just been blessed with the good fortune of receiving more privileged information regarding our investment. As many of you know the Iraqi 2013 Budget is scheduled to be officially voted on tomorrow (2/7/2013). I have been told that all parties involved are satisfied and pleased with the terms and are planning on moving ahead with this endeavor. Yes, they are keeping their word this time and approving the Budget. Once complete, announcements pertaining to the Hydro Carbon Law, Chapter 7 and the removal of UN Sanctions will soon follow. Now are you ready to get EXCITED!!
2-7-2013 Intel Guru Goofball [did you get any thing definite on whether it will be a free or managed float?] MANAGED IS WHAT I WAS TOLD, 2% DAILY. [is it looking like Thursday night/Friday am or possible afternoon?] THATS WHAT IM BEING TOLD. TOMORROW [THURSDAY] MAYBE THE WONDERFUL NIGHT.
2-6-2013 Newshound Guru Adam Montana a huge swing in the value of the currency will NOT be announced beforehand – you are going to get that news AFTER the rate has changed. They won’t want you to have an opportunity to stock up on Dinar before they change the rate, because that would cost them money. What they WILL do is make that decision, change the rate, and tell you AFTER it has been done. So with that knowledge at hand, we can safely dismiss MOST things they tell us in advance, such as this [Standby] agreement, the Budget (which was pushed back to next week by the way), and most other things.
2-6-2013 Newshound Guru Med IRAQ COULD TRY TO DO IT [rv] BUT HONESTLY RIGHT NOW IT WOULD FLOP…YES WE WOULD GET OUR MONEY BUT IN A MONTH IRAQS ECONOMY WHAT THERE IS OF IT AND THE MONETARY POLICY WOULD BE A SHAMBLES…I HAVE MADE THIS STATEMENT MANY TIMES YES THAT A COUNTRIES CURRENCY IS ONLY AS STRONG AS THE GOVT THAT BACKS IT AND THIS GOVT IS RATED AS THE MOST CORRUPT IN IRAQI MODERN HISTORY…THAT IS NOT SOMETHING TO STRIVE FOR – IN 90 DAYS MALIKI AND THE [Not so smart person] HE PUT IN CHARGE OF CBI HAVE MANAGED TO DESTROY 7 YRS OF WORK BY SHABIBI
2-6-2013 Newshound Guru Adam Montana [I’m seeing lots of articles about Iraq’s interest in raising the value of their currency. I believe 1000 – 1 with the dollar has been mentioned. Is it likely Iraq will start that low and float up? Can Iraq realistically afford to start as high as $.10 or more with all of their currency floating around?] It could go either way – straight to a dollar, straight to ten cents, or slow grow all the way up… A move from 1166 to 1000 would represent yet another gain for us. It’s not a 1:1 move, but profit is profit is profit, and it’s in the right direction. If they want to move it 166 pips per year for the next 6 years that is fine with me!
2-6-2013 Intel/Newshound Guru Flashing Well one more time my opinion is supported by articles or documents. Just check what i posted on Monday [view Guru Flashing 2-4-13 Post in the Dinar Guru Archive] and compare with these articles…”Maliki Meets With Kuwait Emir in Cairo; Discusses Iraqi Airways, Navigational Rights, and Demarcation of Border”. Draw your own conclusions about ch 7…These articles are meaningful. Please be happy because everything is great and the real drivers are lining up. The cat will be at the house soon.
2-6-2013 Newshound Guru Adam Montana [Does all the hype that I have read over the last couple weeks give you any pause to think that the wind is finally blowing in the right direction?] YES, it does look like things are blowing in our favor again! I’m loving the recent wave of positive news, and looking forward to seeing some positive movement in our favor.
2-6-2013 Newshound Guru Kaperoni Article: “Abdul-Mahdi undertakes to ensure the staff of the Central Bank and demanded their release” Nobody is cleared…warrant for Shabibi still exists and Saleh and others just out of jail on bail. Pending some charge (that was never filed. lol)