3-24-2013: Iraqi Dinar Guru guesses!!
3-24-2013: Iraqi Dinar Guru guesses!!
3-24-2013 Newshound Guru Kaperoni on numerous occasions that the CBI, AMF [IMF?] and others have said they will choose…”floating orbit of exchange.” Which is a free float, not a managed float. We can only hope they implement what they state as this will be the fastest way for us to recognize substantial growth in the dinar exchange rate. Keep in mind, prior to war, Saddam had his currency on a “free float.”
3-24-2013 Newshound/Intel Guru Bluedog here’s how its going to happen: RV then open Budget april 1st…PM from Kuwait comes first week so currency has to go b4 all of this so they come for chp7 to sign off …then WTO because they just went thru a Fast Track Training for WTO, then at the same time Tariffs start with WTO [so your still thinking rv this week] yep, has to…to do what I just posted.
3-23-2013 Intel Guru Eagle1 I have a list of 2 dozen currencies in baskets of currencies that are restructuring. In first basket of currency not all currencies are revalueing, some are devaluing. We will have currencies that will revalue and others will follow with a devalue but I don’t know which ones will revalue. I know the Chinese Yuan will revalue as per an agreement in just the last couple weeks. The Dong will revalue between May 1 and June 1, if my info correct, take it for what it’s worth, with THE REVALUING OF THE DINAR IN THE NEXT FEW HOURS OR DAYS…
3-23-2013 Newshound Guru Kaperoni the IMF report has very little information in it that can be construed as to raising the value of the dinar. So many are trying to find “nuggets” where they don’t exist. In the case of this paragraph. “The CBI should also take measures to gradually liberalize the provision of foreign exchange through its auctions, with the objective of avoiding in future the turbulence experienced by the market in the past year.” This is talking about the currency auctions, not raising the value of the dinar. They are saying that they need to “gradually liberalize the provision of foreign exchange.” Which means to slowly make available foreign currency to everyone within the country as needed. This is something that Iraq needs to do for a better overall investment climate. But again, IMO it has really nothing to do with making the dinar value higher or internationally convertible.
3-23-2013 Newshound Guru Tlar I believe Turki is now working in concert with the IMF in the direction he is taking the CBI. Just like Shabibi he knows whats best for Iraq, as I’m sure both Shabibi and the IMF have been coaching him. He doesn’t speak much anymore nor does he try to answer the accusations that are being leveled at the bank daily. IMO this is a good thing. He is following Shabibi’s lead to a T. Maliki may think he is the boss of the CBI, but the facts on the ground and the banks actions prove otherwise.
3-23-2013 Newshound Guru Tlar Each article states that there has been a delay, all pointing to a future date (2014). Only one article from the CBI has stated that it could be sooner if they get the government situation settled but it was the only article to say this. The IMF has a vested interest to see it done sooner than later because they are low on funds. It is still the constitutional right of the CBI to make the call at their discretion. The CBI could spring this on the government unannounced. The CBI alone is in charge of monetary policy in Iraq.
3-23-2013 Newshound Guru Tlar I’m pretty sure the 1000 to 1 option is off the table. That was part of the Shabibi plan last year. It was intended to get something, anything going on the dinar. Shabibi considered it as an option only because the government (Maliki) was so vehemently against the removal of the zeros. I would be absolutely surprised if they were to go this route now. All the articles are back to mentioning the removal of the zeros. The two trains of thought are: a literal translation (removing the zeros as a one time event followed by a manged float), and the gradual increase of the dinar (based on a free float culminating in the removing of the zeros when it hits a price point). I think as I’ve stated, that the articles that are being and have been released since late December, all point to this as an event happening, all at once, not a gradual increase.
Admin: Click this link!!! 25 Years to exchange our Iraqi dinar!!!?
3-23-2013 Newshound Guru Med JUST CUZ THE OVERALL SUCCESS MAY TAKE TIME DOES NOT MEAN THEY CANT REVALUE. PROGRESS IS ALL THE WORLD IS WAITING FOR. IRAQ HAS ENDLESS POSSIBILITIES AND TO BE TRUTHFUL IF AMERICAN COMPANIES ARE NOT LICKING THEIR CHOPS AT THE OPPORTUNITY WHEN IT ARRIVES THEN SHAME ON THEM.
3-23-2013 Newshound Guru Med CHINA CREATED ONE OF THE TIMES IT WAS PUT ON HOLD WHEN THEY WERE BANNED FROM BIDDING ON THE OIL FIELDS BECAUSE OF OWNING A FORMER SWISS COMPANY WHO WAS IN KURDISTAN ILLEGALLY ACCORDING TO THE GOI AND BECAUSE THEY WERE STILL DOING BUSINESS IN KURDISTAN THEY WERE BANNED FROM ANY BIDDING. BUT, PROBLEM WAS CHINA HOLDS TRILLIONS AT THAT TIME IN DINAR… BUT IRAQ DIDNT HAVE THE FUNDS.
3-23-2013 Newshound Guru Med WHAT THEY ASKED WAS WOULD THE U.S. BACK THE DINAR WITH THE FULL FAITH AND CREDIT OF THE UNITED STATES OF AMERICA. WE SAID YES BUT THEY HAD TO IN TURN, TURN OVER ALL THE GOLD THAT IRAQ HELD AS COLLATERAL. THEY WOULD NOT DO IT SO IT ENDED UP A WASH.
3-23-2013 Newshound Guru Med OVER TWO YEARS AGO IRAQ WANTED TO REVALUE. THE ACTUAL VALUE OF THE DINAR WAS DELIVERED TO ALMOST EVERY INSTITUTION IN THE U.S. MALIKI…WANTED THE OLD RATE. WHAT WAS DELIVERED WAS THE RATE OF EXCHANGE. IT WAS DELIVERED IN SEALED ENVELOPES AND PUT AWAY. THEY WERE TO BE OPENED ONLY BY THOSE WHO NEED TO KNOW WITH INSTRUCTIONS.