2-26-2013: Iraqi Dinar Guru guesses!!!
2-26-2013 Newshound/Intel Guru Bluedog Article: “Finance Committee MP / coalition in Iraq / Hassan Auzmn Bayati, the importance of handling the national currency, the Iraqi dinar in the commercial and investment operations to support and promote confidence in foreign dealings” Seems to me Turki has just met with Cabinet on investment support mechanisms Iraqi dinar currency…the UST and World Bank are there discussing Currency…and Parliament waiting for word to expose the Budget.
2-26-2013 Newshound Guru Shredd we have all this proof and so much more that iraq is growing in wealth, infrastructure, and at this growing rate, the true value of what the dinar COULD be at continues to grow respectively so, imo, we can project that the longer the delay in starting the new exchange rate regime the greater it will emerge, it’s logical. they are growing, like Bondlady says, in spite of themselves so, even though we don’t see the program rate change, the fact is, the real value is growing day by day.
2-26-2013 Newshound/Intel Guru Flashing imo, we are in a great momentum . there are great rumors about this week particularly from wednesday thru saturday as i said before. but remember just rumors. nobody knows the exact date or rate but trust me we are doing very well. the real drivers are telling us how great we are doing. [you seem to be a little more excited tonite than before.] well, i have became familiar with documents and articles that are making me very happy.
2-25-2013 Newshound Guru Arthur Article: “Hassan al-Bayati: YOU MUST DEAL IN IRAQI DINARS in investment and business processes to support” THIS ARTICLE SPEAKS FOR ITSELF. IT SHOWS THAT THEY ARE IN PROCESS OF DEALING DIRECTLY IN AN RV’D IQD INSTEAD OF THE USD AND THAT SOMETHING HAPPENED ON THE 16TH OF FEBRUARY TO FACILITATE THAT HAPPENING.
2-25-2013 Newshound/Intel Guru Flashing the most relevant paragraph is # 3 in which they stated “calling to rely on all insider dinar and foreign to increase its value and enhance the confidence of the world and be a competitor of international currencies.” This means that they will increase the value of the dinar. Implicitly they are also saying it will become tradable and with a reasonable value, because that is the only way the dinar will become a competitor of international currencies and at the same time that will help to enhance the confidence of the world on it. So one more time let me tell you that everything is great. We are on the right track…
2-25-2013 Newshound/Intel Guru Flashing Article: “You must deal in Iraqi dinars in investment and business processes to support Baghdad” the above article is very meaningful for us…the first paragraph is talking about the importance of handling the national currency in the commercial and investments operations. So what they are saying is that they will be replacing the us dollars for dinars.
2-25-2013 Newshound/Intel Guru BGG Article: “Dispute over paying dues of oil companies in KR unsettled yet, says Jumaili” Soooo – late last nite there were numerous reports of the blocs agreeing to both the budget and an agreement in place between the KRG and Baghdad regarding payment of oil contracts and revenues. It all looked very promising – then this morning (our morning) there seems to be a significant hold-up on all fronts. The IS is even talking about possibly retracting from the government all together. This tells me whatever is going on is much bigger than just the budget.
2-25-2013 Intel Guru BOBGETZ6 It is my understanding that the budget has already passed. What is next is anyone’s question.
2-25-2013 Intel Guru Goofball JUST GOT A CALL, CL [CHRISTINE LEGARDE] CANCELED HER SPEECH FOR TODAY BUT IS GOING TO DO IT TOMORROW WITH O [OBAMA] GOING ON AFTER HER. JUST SHARING. IM BEING TOLD THIS AS WELL, IMF IS NOT POSTING ANYTHING ABOUT WHAT SHE IS GOING TO DO OR WHEN OR WHERE ONLY DUE TO WHAT SHE IS ABOUT TO SAY, SO I HAVE BEEN TOLD BUT ONLY AFTER O [OBAMA] TALKS. THEN 24/48 HOURS TO SEE. THEY WILL NOT SAY RV, THEY WILL TALK ABOUT ECONOMIC RECOVERY PLAN.
2-25-2013 Newshound Guru Shredd this is how I look at the project to delete the zeros…by the time they start the process of removing the zeros, the rate would have to be on par with the dollar, the free float just doesn’t make sense from the perspective of managing the administrative side of it. 2013 is the staging year, imo. the biggest indication we have recently is from the CBI…stating that the exchange rate will be 1000 to 1. so, perhaps that will be the only move until they remove the zeros, thus bringing it to 1-1 or perhaps that is the first move we just don’t know…if we are allowed to wait, the value will grow strong greater than 3.
2-25-2013 Newhound Guru 8Ball [Iraq will take very important decisions during the next two days] – Barzani returns…Maliki’s government cannot pass a budget – due to money owed from previous years and also % of oil revenue…only 85 seats in Paraliment voted to pass the 2013 budget this is Maliki’s party only…Allawi’s party says no to the budget…Kurds party says no to the budget…Sadr party says no to the budget..These three parties if joined can create a majority in Parliament and if Barzani assumes Talibani’s President of Iraq position we just may…… move forward……
2-25-2013 Newshound Guru Arthur THEY ARE NOW GIVING THEMSELVES A DEADLINE OF TOMORROW TO GET THIS DONE WHICH IS GOOD. THEY ARE IN OPEN SESSION AND ANOTHER ARTICLE SAYS IF THEY WORK THE NUMBERS OUT THEY WILL HAVE AN EMERGENCY SESSION AND STILL VOTE ON THIS SO WE ARE STILL IN VERY GOOD SHAPE. THERE IS ALWAYS A DISCRENCY IN THE TRANSLATION OF THE WORD “NEXT” AS TO WHETHER THEY MEAN THIS TUESDAY OR LITERALLY NEXT TUESDAY SO WE WILL WAIT ON FURTHER INFO TO SEE WHAT THEY ACTUALLY MEAN.
2-25-2013 Newshound Guru Arthur Article: “Urgent. Iraq remains an open house session and date to Tuesday to resolve the budget” THIS ARTICLE TELLS US THAT THE GOI IS NOT RECOGNIZING THE CONSTITUTIONALITY OF PAYING THE OIL CONTRACTS OF KURDISTAN OUT OF THIS BUDGET. THEY ARE IN THE PROCESS OF DOING SOME KINDA WORK AROUND TO MAKE THE NUMBERS WORK BUT IT ISN’T THE EASIEST THING IN THE WORLD TO DO.
2-25-2013 Newshound Guru Administrator Bob The news over the weekend was very good. Continued political progress and a heavy dose of economic articles. You cannot help but think Iraq is on the verge of greatness.
2-25-2013 Intel Guru Bluwolf While we wait to exhale, we see some speak of budgets and relate it to the international release. Some relate it to the current U.S. sequester. Some are seeing looking on Tuesday. Some speak of announcements from certain heads of state or of economical bank organization heads. But seriously all is silent and this is the way it will maintain itself until the banks and brokers receive their emails with the GO. Thou I must assure you that we are on a minute to minute alert no one can ascertain or interrelate anything with what is to be the international release of all currencies (198), but rest assure that the rates shall be fabulous.