3-13-2013: Iraqi Dinar Guru guesses!!
3-13-2013: Iraqi Dinar Guru guesses!!
3-13-2013 Newshound Guru Mailman17 [I’m not following.] OK, HANG ON. THEY HAVE A 119 BILLION DINAR BUDGET, KEY WORD BEING DINAR, GOT IT. OK, AT A 1-1 RV THEY MUST PROVIDE 119 BILLION DOLLARS WORTH OF PRODUCT, GOT IT? OK, NOW IF THE DINAR IS VALUED HIGHER THAN THE DOLLAR THAT 119 BECOMES SMALLER. DOLLAR WISE SAME PRODUCT, JUST WORTH MORE AGAINST THE DOLLAR. MORE BANG FOR THEIR BUCK…IN THIS CASE DINAR. NOT SAYING ITS GONNA BE 2 BUCKS OR EVEN 1.25 BUT THAT 1.17 LOOKS LIKE IT MIGHT REAR ITS HEAD IN THIS THEN. I DO NOT THINK 86 CENTS IS ON THE BOARD ANYMORE’ NOT WITH 119 BILLION. THE THREAT OF THEM LOOSING A TRILLION IN PROTECTION MAY 22ND IS OUR ACE.
3-13-2013 Newshound Guru Mailman17 LEAVING IT AT 86 CENTS DOLLAR VALUE IS TRULY STRETCHING THEIR NECKS BUT GIVING IT A VALUE ABOVE THE DOLLAR IS VERY PLAUSIBLE. ALL WE KNOW IS THEIR BUDGET IS 119 BILLION DINAR THAT VALUE COMPARED TO THE DOLLAR IS WHAT WE WAIT TO COME OUT. THE IMF EVEN STRESSED THAT MIGHT BE A LITTLE TO HIGH FOR THEM. SO MY GUESS IS THAT A HIGHER RATE JUST MAY HAVE BEEN NEGOTIATED, JUST MY THOUGHTS.
3-13-2013 Newshound Guru Mailman17 BUT, IF THEY WERE TO COME OUT OVER A BUCK, THAT 119….WHICH IS BASED ON A DOLLAR VALUE PER SE IS A LITTLE SMALLER. I WILL EXPLAIN…AT A 1-119 BILLION DINAR HAS THE VALUE OF 119 BILLION DOLLARS, YES, HENCE IRAQ HAVING TO PUT OUT THAT MUCH IN OIL AND ANYTHING ELSE THEY CAN MUSTER. LETS JUST SAY…THEY COME OUT AT 1.50 THE 119 BILLION DINAR NOW HAS A VALUE UNDER A 100 BILLION DOLLARS…VALUE WISE YOU GUYS GET WHERE I AM HEADED ON THIS? IF THE DINAR HAS A VALUE GREATER THAN THE DOLLAR….THEN 119 BILLION IS VERY MUCH ATTAINABLE.
3-13-2013 Newshound Guru Mailman17 A LOT OF DISCUSSION WAS THAT THE RV WAS IN THE BUDGET NO BUT THE BUDGET SHOULD REFLECT THE NEW RATE…HENCE IN A WAY…IT IS TIED IN. THE OTHER THING I WAS THINKING ABOUT IS THIS, THEY CAME OUT WITH THE HIGHEST BUDGET IN HISTORY. BASING THAT ON A 1-1 MIGHT BE A LITTLE INTIMIDATING EVEN TO THE IMF AND WORLD BANK AND BASED ON THEIR OIL OUTPUT…VERY SCARY.
3-13-2013 Newshound/Intel Guru Bluedog President Talabani’s health file is closed indefinitely. Why can’t we see it, did you lie to us and by the way he is in Iraq getting ready to sign the Budget. Ignore the articles about Talabani not returning to Iraq in March. Lies and smoke. Talabani is back and working and there in a hurry now. IMO there is no delay. Banking Laws…all Laws are done ready for Talabani to sign all at the same time. Infrustucture Law is ready for him to sign at the same time as the Budget. Talabani will sign many laws all at once…it will be Historic for a Historic Budget. [Is it in the hands of iraq or not?] Its in the IMFs and World Banks hands and the world bank is there implementing the Mechanism as in Lower Denoms and other things for this to roll out. I was looking to Thursday myself…Thursday could work out just fine.
3-12-2013 Intel Guru Goofball JUST GOT WORD THAT WF [WELLS FARGO] IS MEETING IN THE MORNING ON INTERNATIONAL CURRENCY AND THE CHANGES COMING. THAT’S THE WAY IT WAS JUST PUT. TREAT THAT AS RUMOR. I THOUGHT AS MANY LAST NIGHT WAS OUR NIGHT, HEARING THAT IT MAYBE TONIGHT OR BETTER YET THURSDAY THIS WEEK. THE DINAR MAYBE OVER 7.00. WE ARE TRYING TO CONFIRM. TREAT THAT AS RUMOR.
3-12-2013 Intel Guru Frank26 There is a conference for the Advancement of Iraqi Banks on March 22nd. Why would you want to advance Iraq banks at 1166, that’s an insult to the world banks. The World Bank said it is implementing an extensive plan in collaboration with the Iraqi bank sectors….done, done. The World Bank is saying it is ready to take the next serious steps which requires a 1 – 1, 2, 3 or 4 dollar rate. Those are serious steps. [post 3 of 3]
3-12-2013 Intel Guru Frank26 Iraq, you can take your time to show us the new rate. Why, because you made the statement that everything will be retroactive back to January 1, 2013. You have a new value, don’t you? If you have the same value, you don’t have to retroactive back to January 1…Light Bulb. So when you are ready, release that new rate, because we know it’s a new rate. Let’s see what happens between March 15 – March 22. On the 21st Talabani will be all over the place. He is in Iraq & in position & waiting.
3-12-2013 Intel Guru Frank26 Talabani is in Iraq. They denied that he would return in March. Why? Because he returned in February, I believe it was the last day of February. The 22nd is when Talabani will sign the 2013 Budget which was released on the 7th. There seems to be a lot centered around this.
3-12-2013 Newshound/Intel Guru Bluedog Article: “Planning launches projects 2013 immediately after the publication of the budget in the Official Gazette” so the Budget takes effect on the 22nd and you should see the Lower Denoms coming out…they need to IMO because only 10 days left till project of mass contruction go into effect and Investors have to use Dinar which there are not many of …the Banks are low on Liquidity …so by bringing out the Lower Denoms that problem will be solved…also they must pay the contractors in Dinar IMO from that point on looking forward …IMO we are at a anytime…any moment stage now.
3-12-2013 Newshound Guru Mailman17 SMART CARDS BEING LOADED…YES? AND WHY…ALTHOUGH THE KURDS DID BOYCOTT THAT VOTE….ARE THEY NOT TRULY MAKING THAT MUCH OF A FUSS REGARDING PAYMENT TO OIL COMPANIES? OHHHHHHH….THERE IS SO MUCH MORE TO THIS THAN WE COULD ONLY IMAGINE, IMVHO. THIS THINGS READY TO EXPLODE AND IT WILL MAKE AN INDENTATION LIKE NEVER BEFORE. I FOR ONE AM VERY EXCITED. LET THEM PLAY THEIR LITTLE BULL**** GAMES, BUT COME ** OR HIGH WATER OUR PAYDAY IS CLOSE, REAL FRIGGIN CLOSE. TICK TOCK
3-12-2013 Newshound Guru Mailman17 OK, NOW WE HAVE A CAN OF WORMS TO OPEN. SO, THE BUDGETS APPROVED…CHECK. THEY HAVE LISTED THEIR BUDGET IN THE DINAR NOT THE DOLLAR…CHECK. BUT AT HE CURRENT RATE OF 1166…THATS IMPOSSIBLE…CHECK. SO THEY, LIKE US, ARE WAITING TO IMPLEMENT THAT BUDGET IN THE FUTURE RATE, YES? SO I AM APT TO CONCLUDE THAT THEY LIKE US ARE WAITING FOR THE STABILITY AND WE ALSO KNOW THEY ARE NOT GONNA WAIT MUCH LONGER TO IMPLEMENT THAT BUDGET IN DINAR AT CLOSE TO A 1-1. AM I CLOSE TO BEING ON TRACK WITH THIS?
3-12-2013 Newshound Guru Mailman17 EVERY BUDGET BEFORE THIS ONE WAS IN TRILLIONS…YES? THEY STATED IT VERY EXPLICITLY…YES? YET, THEY STATE VERY EXPLICITLY THIS BUDGET…THE ACTUAL BUDGET IN IRAQ…TO BE IN BILLIONS…OF DINAR…NOT CONVERTED TO THE DOLLAR? YES? YES, 118.6 BILLION DINAR… IF THEY ARE STATING THE BUDGETS VALUE IN DINAR AND THAT VALUE IS IN THE BILLIONS…THEN ALTHOUGH THE BUDGET HAS BEEN APPROVED…THEY LIKE US ARE WAITING ON THE RATE CHANGE WHICH MIGHT EXPLAIN WHY THE BUDGET IS DELAYED FOR RELEASE AND THE WAITING MIGHT COINCIDE WITH THE THINGS WE MUST SEE AS WELL…AS IN THE HCL, 140 ETC.
3-12-2013 Newshound Guru LoriC It’s no RV but it’s nice to see the CoM approving what they promised to over a year ago. Maybe there is more progress to follow as we see the budget implementation commence. I’m sure we’re all fed up with Iraq’s procrastination and childish bickering and that goes for the international community and major oil corporations who are still waiting to get paid and sign new contracts. I think Iraq is starting to get the message. They will comply or be replaced. Just my opinion.
3-12-2013 Intel/Newshound Guru Poppy3 Seems Iraq leadership are being quiet about what they are doing behind the scene’s. The articles from Najafi, Barzani, SDAR and the demonstrators are all together about the removal of Maliki. It also apeers and I was told that Parliment will continue to make moves forward and will force Maliki’s hand on actions and they are not going to to stop progress because of his actions. TIME WILL TELL but I like their new attitude. POPPY3