2-28-2013: Iraqi Dinar Guru guesses!!!
2-28-2013: Iraqi Dinar Guru guesses!!!
2-28-2013 Newshound Guru Adam Montana [About 1 1/2 years ago with Shabs at the helm, the CBI adjusted the sell rate from 1170 to 1166…why 4 pips and why then? Why not 3 or 5 or 10 and why then?] The CBI at that time said they did it because that was where the value should be… but those of us that were watching closely at the time know that there was a huge resistance to the move. Many said at the time that there was no reason to do it, that it would not make a difference, and quite honestly… like you said, what is the purpose of such a small move? The purpose was, in my opinion, to show the world that they will move the rate however and whenever they want. The 4 pip move served absolutely no purpose other than just that – to prove that the CBI and only the CBI is in charge of the rate.
2-28-2013 Newshound/Intel Guru Bluedog CBI will not sell USD to the citizens they can only buy 10,000 per month and only one day a week thru state banks and they need a passport now to do that – very difficult to get. Forcing them to revert to Dinar. IMO, this will inflame the people so they must move fast to resolve the New CBI Laws …RV’ing their currency… =RV.
2-28-2013 Intel Guru Blaino ALL IN THE DINAR WORLD IS MOVING IN OUR DIRECTION…MANY THINGS ARE AFOOT IN THE DINAR WORLD AND ALL THE FOOTSTEPS ARE COMING OUR DIRECTION, CINCH UP YOUR SEATBELTS, I THINK THIS THING IS COMING IN HOT!
2-28-2013 Intel Guru Goofball I JUST GOT A SOURCE CALLING THAT THE BANKS ARE GET CODES TONIGHT TO TELL THEM TO TURN THE CODES ON. WE SHOULD SEE THIS TOMORROW. THIS IS MY WF [WELLS FARGO] SOURCE. HE IS WAITING ON THE EMAIL TO GO. THE EMAIL ONLY WILL COME AFTER CL [CHRISTINE LEGARDE] SPEAKS. [Did you say if and when CL and O will make announcements.] NO, SHE IS, AND THERE WILL NOT BE ANYTHING POSTED ON TIMES OR LOCATION FOR SECURITY REASONS. THEY HAVE BEEN WAITING FOR JACK LEW TO TAKE OFFICE AND THEY SIGNED HIM TODAY. DID YOU ALL KNOW THAT JACK LEW TOOK CARE OF THE KUWAIT RV.
2-28-2013 Intel Guru Wisdom Yes, I do believe we are on “Target” for this to happen… any time from tomorrow on! I do think that there is a “Possibility” from here on that we could see it in any order of ALL the items on the list I’d mentioned being passed, sooner or later, as they line up. I cannot in any way find a logical reason that this could not happen immediately.
2-28-2013 Intel Guru Wisdom Did that happen? Don’t think it turned out the way he expected…Shabibi was solid on his demands that ERBIL MUST BE IN PLACE BEFORE THE RV would be allowed to happen. He’s not there… has this released that promise? Not sure at this point, it may be that it was a way for Maliki to allow it to be pushed through without having to share the power between the other 2 presidents. Erbil, Article 140, Chapter 7’s removal to Article 8, the oil contracts, and a couple of other issues were on that list that I’d said NEEDED to be DONE and agreed upon to get the RV in place and released. Am I sticking by that list at this point.
2-28-2013 Intel Guru Wisdom Does Erbil hold up the RV from taking place? I have to address this question because…there was a check list that I’d stood by of things that I believed needed to be in place before I would EXPECT the RV to show. Erbil was one of them on the top of that list. BUT…That was while Shabibi was in charge and the head of the CBI, now he’s not. My thoughts on that are that Maliki deliberately had him removed to get more control over the CBI and thus be able to get more funding for the Iraqi Government from the bank itself.
2-27-2013 Newshound Guru Adam Montana [how can Iraq take the three zeros off the value of the current 250 and 500 dinar bills they currently have. If they did so would that not totally render those billls totally worthless?] You are describing a l0p – removing three 0s from a 250 note would make that note worth .25 and a 500 note would be .50 not worthless, but it doesn’t make sense to do that… it serves no purpose, does not benefit Iraq, nor does it make daily transactions any easier. That is one of the reasons I don’t buy into the l0p stories – unless they have a good reason to do it, I don’t think they will.
2-27-2013 Newshound/Intel Guru Bluedog Maliki has been told to stand aside…we got more on you then you know Ambassador told him…he may not return to Iraq for a while…watch the news coming days. [so we’re good to go now for any day?] yes, very good. [looks like the end of the week should be our time…glory] maybe sooner. no announcement…now IMF will send signals but no announcement…just as KUWAIT did no one knew of it.
2-27-2013 Newshound Guru Eagle1 We’ve been fortunate enough to have some interesting inside contacts within the IMF who’ve provided us with some intel as they have been freed up to release it. This information has not yet made the financial news, but here is a heads up for all of you on the group of currencies in the first “basket of currencies” out of the 168 scheduled for revaluation or devaluation. Two of the currencies listed are two we’ve talked about and are very familiar with — the IQD and the VND. What is interesting about this list is that these two currencies are obviously revaluing either at the same time, or within days of each other. The IQD’s revaluation is literally “moments away”, if I can put it like that, and the Dong will follow almost immediately thereafter.
2-27-2013 Newshound Guru Adam Montana So let’s think this through…what are Iraq’s options? How could they possibly settle that debt to Kuwait and move forward as a completely sovereign and free nation? Quite easily, actually – small or big RV, write a check, and the rest is history. Bada bing, bada boom. So that’s pretty much all there is to say about the situation – budget is still delayed but once they compromise on the HCL matter it will pass. Chapter 7 is pending, and it is only held up by one matter. And honestly, it’s not even that much money. All in all, things are looking good.
2-27-2013 Newshound Guru Adam Montana The other thing to watch for is Chapter 7. Some are not as optimistic as others on this matter, but I believe the bottom line is they are 100% compliant in every way, even with regards to Kuwait. However, Kuwait does not want to let them out from under Chapter 7 until they are 100% guaranteed that they will be repaid what they are owed. you see, if Iraq is let out from under this deal they would then be able to reneg on their agreements, and nothing short of a full blown war could force them to honor their commitment. As things stand right now, Iraq is forced to continue to pay Kuwait, so obviously Kuwait wants it to stay that way.
2-27-2013 Newshound Guru Adam Montana The budget is STILL delayed, the latest report is that they are to vote on Saturday. If you are wondering what the hold up is it’s really tied to the HCL and the distribution of funds. The Kurds want more, the rest are putting up a fight. Other than that, they are in agreement on pretty much everything. They will get through their disagreements, and while I don’t know if I believe the vote will be successful on Saturday – I would guess we are less than 2 weeks away from the final vote.
2-27-2013 Newshound Guru Mountainman “Iraq, Kuwait agrees to shut down all outstanding issues in order to remove Iraq from Chapter VII; Technical issues will remain. Foreign Minister Zebari said Iraq would emerge completely from Chapter VII “except paragraphs relating to the Kuwaiti side.” It looks like Iraq will finally be out of Chapter VII shortly after the resolution of some technical issues. I doubt the UNSC will release Iraq before they move forward with their economic reforms. So, this is a good sign the RV is close.