3-10-2013: Iraqi Dinar Guru guesses!!!
3-10-2013: Iraqi Dinar Guru guesses!!!
3-10-2013 Newshound Guru SWFloridaGuy When the IQD goes live (international) the IMF will send a ‘go live’ signal to the Central Banks (upon approval of BIS board), then it will hit the master board at their main corporate offices and proceed to the banking system (country to country) depending on the IMF release terms. There will BE ONLY ONE RATE, NO TIERS!!!!!!!; at which point, depending upon regulations, each bank will institute the buy/sell spreads. We have plenty to be grateful for, despite the countless setback we’ve endured. But even the most skeptical can see that Iraq’s come along way and the possibilities are endless. We will prosper from this, keep the faith.
3-10-2013 Newshound Guru SWFloridaGuy I’m not here to attempt to convince you that overnight Iraq will RV. On the contrary, after studying large currency appreciations and the repercussions that would have not only short term but long term (although anything is possible), I now take a more balanced approach that a large currency appreciation shock is on the horizon for the IQD but tend to believe this will be a more gradual process and only after certain changes have taken place that will ensure long term stability (economic not political). We are currently witnessing these changes and I postulate that before the elections this postulate will proliferate barring any unforseen political instabilty.
3-10-2013 Newshound Guru SWFloridaGuy Iraq currently has $60 billion in foreign currency reserves. In the 70s, when their former currency boasted a much larger value, Iraq’s foreign reserves were only 35 billion. As CBI reserves grow, so does their credibility. They passed their largest budget in history and are making Chapter VII removal, WTO accession, appeasing the Kuwait, receiving support from the United Nations/negotiating with the Kurds and HOPEFULLY resolving the elusive HCL/140 in a way that satisfies all parties involved.
3-10-2013 Newshound Guru SWFloridaGuy Let’s examine some applicable information that also happens to be very encouraging regarding Iraq’s natural wealth and financial/political outlook: They have already mined thousands of tons of gold, which was set aside for the purification and extraction process. This discovery, among others, could turn Iraq into a producer of gold more than oil. It has also will increase the prices of real estate due to the influx of gold job seekers.
3-10-2013 Newshound/Intel Guru Bluedog As far as the RV, I expected if they did not RV just b4 the Budget that News and Intel would go quiet…so any Intel Providers will find it hard to find out anything as the News has gone like our Black out this week… Last I heard is that people leaving Baghdad were not alowed to take any Dinar out side the country and that the Borders were under heavy surveillance and keep in mind the News will be the same way. Up till now they had to train the Iraqis of what was coming on TV and in the news with the Dinar. IMO, they are done…the GOI has told you they are giving the Green Lite to the Currency to have value. Now all we can do is wait this quiet out…and quiet is GOOD, IMO.
3-9-2013 Intel Guru SteveI Now that this budget was closed, they (Iraq) could not start disbursing monies until the new budget was completely approved by the government. I have never, ever seen this much focus on such a thing. Another event I have never seen was the in 2012 they found a surplus and added it to the 2013. This was never done before. There is so much focus on the budget now that something special is going on and they are treating it very different. I guess you can all make your own assumptions as to why. Another statement that keeps popping up in the news, many leaders are stating they want and need a strong currency. I will tell you that .00086 to the USD is not all that strong. I guess it would be fair to say, until the official rate is posted in the CBI website we wait and see who has provided the most accurate information and I will leave it at that.
3-9-2013 Intel Guru SteveI There has been many Iraqi budgets in the past in which we actually thought the rate would be in it. Many have spent hundreds of hours with detailed diagrams and we all were not correct. This has gone on for many years now. So what makes this different you ask? All of the budges in the past pretty much ran from one to the other and there was no real urgency to complete them. This is the first time that I am aware of, and please correct me if I am wrong, but they actually officially closed the budget and all accounts within for the 2012. I have never seen it reported in the news for any previous years budgets.
3-9-2013 Intel Guru Blaino actually, we are in fact seeing the kind of intel and news that we expected to see “if” we were in the position that we think we are IN…So, from that analyses standpoint…We look “good!” and good is good! There is rate and date stuff in the middle $4’s and early in the comin WEEK…So, based on the broad spectrum of divergent locations and the credibility of those delivering the same, i can only conclude that “markers” are getting in short supply. Some we never saw coming, many we did and we were sure some were that weren’t and will not. Mebby re-read that one. Ok, so there is pp and other ‘program’ news, groupie news and bank insiders telling us that they are in the FLOW…. “have a nice weekend and we will be well served next week!”
3-9-2013 Newshound Guru Phoenix3333 Articles: “Maliki receives Iranian Oil Minister.” “Kordestani: We will appeal to the Federal Court in approving the budget in the coming days” Remember the Kurds want a separate state…and they have the U.S. backing them. And imo, as long as Iraq continues doing business as usual with Iran, we will see delays.
3-9-2013 Intel Guru Frank26 Rejoice…For as we shared M [Maliki] has metamorphosized himself into that nice guy again. He is helping, not infecting. The IMF meetings with CBI on 4/5/6 was a passing grade on the budget and a rate. Look around …Reguardless of what Bernake and some have said …Gold and Silver will become more than just…Metals. USD stays on target as it takes the day off. Homes and Money being GIVEN to CITIZENS ( You will read about it soon) …Oh so much more than HCL. But of course…The Budget…It’s full of Stars. Indeed …15th…21st…22nd…Is to pay attention to.
3-9-2013 Newshound Guru Tlar The second most important tool is a free press. Although Maliki has been able to ignor accusations of corruption, at least it is being reported. Maliki has been unable to stop the presses or the demonstrations up to this point. In other words Maliki has been unable to completely consolidate power. This is a failing in his attempt to become a dictator because these two tools are extremely important to accomplish this. This is the chink in Maliki’s armor. The Kurds are smart guys. They will bitch and moan and they will always try to push their agenda through. But remember this, Barzini has said multiple times that he would never pull away from Iraq, while occasionally trying to use this as a vailed threat to further his agenda. There are many more problems for Barzini if he were to try to pull away from the new Iraq, then if he stayed.
3-9-2013 Newshound Guru Tlar Article: “Maliki: National Alliance will continue to adopt laws by majority political” although nobody can accurately predict the future, I don’t believe the Kurds will go against or pull away from Iraq. The 3 sects unfortunately are tied together and as they jockey for position one thing has become clear. The people have a voice in their government. The one thing about democracy that stands out is that the people of Iraq have effectively learned to demonstrate and protest. This is a primary tool of democracy. It mostly does not exist in totalitarian systems because the governments can’t tolerate this tool. Either the people protesting are slaughtered or there is a complete rebellion as in Syria. The shear fact that tool is being used, gives me great hope that their is a future for Iraq’s fledgling democracy.