3-20-2013: Iraqi Dinar Guru guesses!!!
3-20-2013: Iraqi Dinar Guru guesses!!!
3-20-2013 Intel Guru Delta The CBI has now updated the M2 figures on the Arabic side up to January 2013 showing a change over 2 months’ time down to 4.58 and we are still missing 2 months of data family! So, you can see they are doing a REALLY good job of reducing the money supply especially, the hard cash liquidity on the street. This is almost a 1.5% drop over 2 months. That might not sound like much but it’s actually a lot of Dinar they have moved off the streets of Iraq. Then if you calculate or speculate from January to present….this tells us also that we are again VERY CLOSE to see a rate change!
3-20-2013 Newshound Guru Doc We are much more interested in the late May time frame when the DFI funds become unprotected “free” game. We can only imagine the entities lining up to file suite against Iraq to get a share of the pot. We simply can not imagine Iraq doing everything it can to get into a position to protect those funds. We would think this would include making amends with Kuwait ie chapter 7. Unfortunately the wild card Maliki still is the wild card in this game. However, what we believe continues is the international community pressuring Iraq via chapter 7 (not done yet), Kurds pressuring Maliki via HCl (not done yet) and the people demonstrate against Maliki. All-in-all the vice is squeezing Maliki pretty hard. Our hope is the vice will prevail. One would think even Maliki would relent rather than risk losing 100s of billions of dollars. Hence as we stated earlier late May is potentially of great significances. We report, you decide.
3-20-2013 Newshound Guru Doc There have been many dates thrown out…that suggest it has to happen by then. Many of these revolved around the publishing of the budget which should occur in a few days. The assumption is the RV rate is in the budget. We can find no evidence of this. All published sources actually suggest the opposite. Every one is reporting an overall budget of 138 trillion dinar and not in the billions of dinar some have suggested. With the 138 trillion number the assumed exchange rate is the current program rate of 1166. We also know the budget is not a prerequisite for currency reform. With this we are confident we will see this budget opened and it will have no impact on the RV. Simply put March will come and go with no new revelation.
3-20-2013 Intel Guru Frank26 Christine LeGarde of IMF made a speech but we are not seeing it yet. They are waiting to release it because it talks about Iraq. I sense perhaps they are doing a few more things before they allow the speech to be made public. How is it possible they can lend 4 billion to Egypt at this point in time??? With toilet paper??? That move tells us they have a new rate! We are as close to the RV as breath is to us. Unless a lot of nations enjoy toilet paper; we don’t expect a low rate.
3-20-2013 Newshound Guru Adam Montana And we actually have an intended date for Kuwait to officially support the release of Iraq from Chapter 7 – they are aiming for April. Of course, it is still up to the UN regardless of what Kuwait says or does, but the fact that we have a target date is a great thing. (Way better than “soon”!) Of course, none of this indicates a guaranteed RV or a guaranteed date, but it IS good progress and that’s what I like to see. So if I had to put a date on anything, I would definitely be aiming for mid to late April. (I hate giving dates, and I have historically avoided doing so. This is just a “watch” date, not a prediction.)
3-20-2013 Newshound Guru Adam Montana This week has brought some interesting news that should give us a hopeful outlook on our near future. The Kurds are not exactly happy with the decisions made regarding the budget, and it appears they have even tried boycotting some Parliament sessions… but the meetings have went forward just the same, which is a sign that the Kurds cannot impede on the progress that the GOI intends to make. This is EXCELLENT for us.
3-20-2013 Intel Guru Delta They are probably giving everyone about 2 weeks to get ready. In this announcement they are really announcing the revalue of the IQD. Remember back when Shabibi made the 4 PIP movement from 1170 to 1166. This change was ONLY against the USD! The other currencies remained the same. BUT in THIS announcement…they are talking about a “change” ALL ACROSS THE BOARD! This time it’s going to be ‘AGAINST ALL FOREIGN CURRENCIES!’ REVALUATION. IMO, we are really very, very close.
3-20-2013 Intel Guru Delta Why are they saying now? Remember, they were talking last year about deletion of the zeros, raise the value, all kinds of talk regarding this, they also made mention that before they did anything they would give a “heads-up” of a couple, three weeks; we are not going to do this suddenly. It’s not going to be a surprise. We are going to tell you in advance and give you a chance to get things worked out and be ready…to get the government, financial community, exchange offices, currency traders, ISX a heads-up that it’s coming and to prepare themselves and be ready. The announcement came out on the 14th.
3-20-2013 Intel Guru Delta Announcement that came out from the CBI… Back in December the Board of Directors met behind closed doors and came up with 6 decisions, one being giving Turki the power to increase the value of the IQD when the timing was right. They are saying that those decisions they agreed upon back in December…they are about to implement ALL of them…NOW!
3-20-2013 Intel Guru Frank26 Chapter 7 Kuwaiti delegation will be in Iraq the first week of April. Notice all the chapter 7 articles that came out today [Tuesday]. We are watching the VND very closely and studying the possibility of the rumor that it could split its value. Wells Fargo no longer mentions Chapter 7 as a stipulation to speak with us, now they also…look for a rate!
3-19-2013 Newshound Guru Tlar If only those…running the government could envision where this is going, maybe they would quit trying to find fault with the CBI…when in fact this is good for the dinar long term. With the auctions slowing we may be very close but we know the political system is still up in the air. As long as they can, the CBI has to has to keep this dispairity in rates as they fight the internal battle with those “experts” who know almost nothing and are to be considered obstacles. By now Iraq has to have removed at least 14-15 trillion dinar. With this much dinar off the streets, the value should spring up quickly once they make the change.
3-19-2013 Newshound Guru Tlar Article quote: “The bulletin indicated that the 24 banks participating in the auction today did not make any offers to sell the dollar.” The banks are still buying dollars and not selling any, meaning these same banks are not purchasing dinar. There is no market in Iraq for dinars. The auctions are a one way revolving door. Dollars go out and dinar comes in. This is so cool for our investment. At least for the next 30 – 60 days, don’t pay any attention to the street value. Its a good thing to have a dispairity between the street value and the program rate. It is what has created this buying surge of USD on the street and it is what is allowing the CBI to repatriate the dinar.
3-19-2013 Intel/Newshound Guru Poppy3 GUYS ALL IS WELL ON MY FRONT … ALL CONTACTS HAVE REPORTED THE INFO THEY ARE HEARING IS ALL POINTING TO POSITIVE MOVEMENT IN THE FINANCIAL WORLD AND THEY ARE ALL LOOKING TO THE NEXT THREE DATES OF IMPORTANTS FIRST MARCH 21 THEN MARCH 28 THEN ON APRIL1 WHICH IS THE FIRST DAY OF THEIR QUARTER. ALL DEPENDS ON THE SAME FACTOR AS ALLWAYS WILL THEY AND HOW WILL THEY CONTROL THE DICTATOR?? …ALL I CAN SAY IT GET YOUR HOUSE IN ORDER SO YOU HAVE NO DISTRACTION WHEN THIS HITS…POPPY3
3-19-2013 Intel Guru Blaino i asked if this was a special rate for troops…there was no information either WAY. i aksed what was the chance on a 1 to 100 scale that they were “shinning her ON”…answer: ZERO…”none, we don’t roll that way! Close friends and that would not be a joke!” [So did they cash out, or were they just asked if they wanted to do so?] CASHED OUT! probably deposited usd into either his military account or an american bank via base finance, this is too big to remain buried LONG…It has to “pop” everywhere.
3-19-2013 Intel Guru Blaino big NEWS…i just had a CALL With a charming lady from eastern tennessee…She has a lifelong (or so) FRIEND. He has 2 close buds, one of which is in the SANDBOX. the one in the sandbox got called up this morning with other troops and inquiries were made….”would you care to cash (out) your iqd?” our soldier replied not YES…. But heck YES!… Sir!!” or something along those LINES. i was asked not to reveal the RATE…(yeah, YEAH…I already KNOW…Whadda ya want me ta do?) i can tell you this much THOUGH…If what we are seeing is really a place holder rate at the BANK ($3.46)…This is more than….(wait for IT)…..DOUBLE!
3-19-2013 Intel Guru Frank26 [Are we still expecting to see the budget by March 22nd? If so, would it contain the rate?] I said 10 days to pass laws for the rate in budget projects to be activated by T’s signature. Then …3 articles of data. 1 …last week…Saw. 2 …This week…Seen. But #3 …IMO …Next week. Then KW comes to burn ch7 papers for a barbecue …Right on cue.
3-19-2013 Newshound/Intel Guru Flashing If you have followed ch 7 Ban Ki appeared a few days ago and encouraged Iraq to complete borders project as scheduled (March 31). He and the UN have insisted on this because it is one of the significant issues outstanding. In other articles they have said that any remaining things related to borders or navigation will be handled under bilateral agreements between Kuwait and Iraq. This means that they will move them from ch 7. May be this could be handled under ch 6 as Ban Ki has said in the past. Again we are in the best momentum of this investment and I like the excellent opportunity that we will have on or after March 31. As I said at the beginning of February imo the back wall is May 22.
3-19-2013 Newshound/Intel Guru Flashing Well let me tell you that everything is great, there is no holdups, there is no system problems and that you should be very happy to be on this investment. A lot of positive things are happening and imo the best window for us will start on March 31. I am paying special attention to the following dates or events: 1. March 31 (completion of border signs project) 2. Kuwaiti PM visit to Iraq 3. April 20 4. May 22.
3-19-2013 Newshound Guru Med THE ISSUE IS THIS…THEY NEED TO MOVE AND WHAT I AM READING AND NOT PUTTING MY OWN SPIN ON THINGS, THEY HAVE TO RID THEM SELVES OF THE USD. AS LONG AS THEY ALLOW THE USD TO COMPETE THE STRENGTH OF THE USD WILL ALWAYS BE THE CURRENCY OF CHOICE AND THE GOI IS MORE GUILTY THAN ANYONE. EVERYTHING IS PAID WITH USD EVERYTHING.
3-19-2013 Intel Guru Frank26 Last night…I said : Wells Fargo does NOT say to us any longer … “Frank26 …We will talk when CH 7 is lifted.” That conversation with them was all of last year. NOW …They say to us ….” Frank26 … When we SEE the rate we will talk to You. THEN, Right after that I said The PM and a full delegation from KW will arrive in the first week of April to Baghdad. So NOW that You see this article today may I politely say …TA DA!!!
3-19-2013 Newshound Guru Tlar A while back, supposedly all other restrictions on Iraq were removed leaving this one thing as the major issue left to be dealt with. We will know very shortly if other concerns surface holding Iraq in VII.. If we see an article from the US/UN stating something else of major concern that they these organizations are telling Iraq is important to do, then we will have our answer. Iraq may not yet be removed from Chapter VII.
3-19-2013 Newshound Guru Tlar Demarcation of the border is a big move for Iraq and Kuwait and required a concensus between the two countries to build 200 new homes to make sure the citizens of both countries end up in their respective countries. It also dealt with the sharing of oil revenues and expenses in this area. It is a great accomplishment between these two countries and has been the major roadblock to Iraq’s removal of VII. Is it enough though, given the recent governmental problems in Iraq to get all 5 permanent members of the UNSC to vote yes?
3-19-2013 Newshound Guru Tlar Article: “Next April .. Kuwait signed an agreement removing Iraq from Chapter VII” With all the discouraging news that has come out in the last few days, its nice to see some good news. Iraq, still licking its wounds complaining of being screwed, agrees to the demarcated border with Kuwait. Kuwait reciprocates by signing an order to remove Iraq from Chapter VII. The question is, with all the crap going on in Iraq between the blocks and with the corruption still going on from the top (Maliki) down, and with the UN being blocked from inspecting the detention centers holding women, and the UN sanction violations against Iraq as they support both financially and militarily Iran and Syria, will the UN remove Iraq from Chapter VII? That to me is a tough question.