3-26-2013: Iraqi Dinar Guru guesses!!!
3-26-2013: Iraqi Dinar Guru guesses!!!
3-26-2013 Newshound Guru Kaperoni Article: “Suhail looking with a delegation from the World Bank restructuring Iraqi banks and the Central Bank” Very good stuff. With the 30 days from the IMF to choose an exchange regime, and this meeting, we are definitely getting closer. Let’s hope they can get the final work done on restructuring these banks and move forward with the dinar.
3-26-2013 Intel Guru SteveI Referencing Wife in the Know post dated 3-25-2013: I absolutely agree with this post…it is accurate by all of our sources, so I can safely say, it is what it is and spot on. Their numbers and ours are within a penny. I am more confident more so every day. I think plus or minus a few days around Easter will be a perfect time for the final task. You all saw the article saying they are going to start spending money first part of April, so in my opinion, this is as good as it gets.
3-26-2013 Newshound Guru Kaperoni Article: “World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar” if you go and look at the World Bank Report on Iraq…the Rafidain Bank and Rasheed Bank action plan #75, #83. And memorandum of understanding restructoring of Rafidain and Rasheed #91…They are basically the same with 5 steps to restructoring them. This IMO is Key as the 4th step is recapitalization. I dont know if that is complete, but we have seen the CBI hold a bond auction earlier this year at $200 billion dollars. Which according to the WB report is the method of funding this recapitalization…it appears they are at that stage (#4). With #5 only left which is titled…”Implementation and Follow-up.” Seems like we are very close.
3-26-2013 Newshound/Intel Guru Bluedog Iraqis do not make major moves when the USA is in their country so they wait a bit the do things. I hope Kerry’s surprise does not slow this down. Im still on for first part of this week if not then in april, the first week…
3-26-2013 Intel Guru Poppy3 now listen up during my dinner two other sources and confirmed almost verbatum what i had already recieved last evening. So now i am more confident than ever this is our week??? At least it is the best week in the last 6 years i have been locked into this thing.
3-26-2013 Newshound/Intel Guru BGG [on Randy’s call the other day, he said something about if this things doesnt go by saturday the 30th, then we may be out another month? do you agree?] he’s probably right in that – If they don’t have some kind of event shortly, it signals that they are going to remove him and that will take just a little while…(not long)… that is obviously his assessment (not mine) – I will have to look at it once we get to that place, but that sounds reasonable…could be lots sooner actually – Article V paves the way for a very quick Maliki exit.
3-25-2013 Intel Guru Wife in the Know I have stayed silent to allow for this to play out, but now I am very excited after what I was just told. The timing for the release of the “new” rate of the Iraqi dinar has been agreed upon. The rate of 3.42 is to appear on April 1st! (No fools day joke either friends) this information has just been acquired by people who deal directly with payment distribution for contracted services. This is the department that my husband works for and he has been telling me that as soon as payment schedules are released, Iraq will then revalue their currency! I have complete faith that this is finally the end of this long endeavor for the Iraqi people. Start smiling : )
3-25-2013 Newshound Guru Stryker Things are Getting Real Exciting in Iraq…it is getting real interesting my friends.
3-25-2013 Intel Guru Poppy3 am i excited??? yes very. can i share the information i have been delivered…no. would i like to yes but guys they could be wrong…ALL I CAN SAY IS THAT I AM NOT THE ONLY ONE THAT IS EXCITED TODAY… NOW LISTEN TO ME ALL THIS CAN BE VERY WRONG BUT THIS IS HOW CONFIDENT I AM IN THE PEOPLE THAT I KNOW PERSONALLY AND WHAT THEY HAVE SHARED WITH ME. IF I AM WRONG THEN IT IS ONE MORE MISTAKEN LEAD FROM IRAQ BASED ON THEIR LIES NOT MINE OR MY SOURCE, USE YOUR OWN JUDGEMENT. POPPY3
3-25-2013 Intel Guru SteveI Article: “Economist: delayed disbursement of public budget will affect negatively on the five-year economic plan” This is an extremely positive article. This means the budget has to be posted in the official Gazette opened and change value prior to disbursing the monies. April is only a few days away so I also see this as very good news. Finally the citizens will get taken care of for a change.
3-25-2013 Intel Guru Frank26 Article: “BAGHDAD / obelisk: counting and Planning Minister Ali Shukri, Sunday, announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed It’s an important step was waiting for Iraq to raise the value of the dinar.” [The quote… “was waiting for Iraq to raise the value of the dinar”. Seems to be in past tense, that it has already been done. Is this correct?] You ask me is that correct? LOL. And what have I been telling You about this subject since 1/21/13? It was born by US the USA via the IMF doing the 2013 budget for Iraq since Nov/2012. I told You…It only seeks a final home called a PASSED 2013 BUDGET. So is this article correct? My only comment is…Ditto.
3-25-2013 Newshound Guru Med [news was a little disappointing about Kerry’s visit to iraq] DONT EXPECT IT TO BE IN PUBLIC BUT FROM WHAT I AM GATHERING FROM THE NEWS WE ARE GOING TO KEEP MALIKI IN OFFICE. I BELIEVE THAT THIS WILL HAPPEN WITH OR WITH OUT HIM IN OFFICE. THEY CANT KEEP THE STATUS QUO INDEFINATELY. THE PREP WORK AND ALL THAT IS NEEDED TO BE DONE IS ALL COMPLETED. IT IS ONLY THE MECHANISM FOR DELIVERY THAT STILL IS IN DISCUSSION.
3-25-2013 Intel Guru Bluewolf OUR LUCKY 7 STARTS AS OF TODAY, BE ON THE HIGHEST OF ALERTS, follow the count down. YA ES ESE TIEMPO [ ITS ABOUT THAT TIME ].
3-25-2013 Newshound Guru Enorrste Until the political environment improves (before everything!) the dinar will not rise in value. Just what form that “political environment” improvement must look like is anyone’s guess, but I suspect that it would AT LEAST mean that the current crisis (i.e., Maliki acting as dictator) would have to be ameliorated somewhat. That means that we are back to a no confidence vote, or a change in Maliki. Since the latter is highly unlikely we must hope for the former.
3-25-2013 Newshound Guru Enorrste The next statement is their squeeky opening: “the World Bank said the Iraqi side that lifted the value of the Iraqi dinar should be a priority as well as he needs to political stability in the country before everything.” The last part of the sentence is the “squeeker” part, namely political stability “before everything.” Therefore, rather than start jumping up and down, I suggest you sit down, relax, and look to the political environment for signs of improvement. Without it, you will not see the dinar rise in value. This means we are back to Maliki (damn it!). I hate to be the bearer of sad news, but that is what the article is saying, at least to me.
3-25-2013 Newshound Guru Enorrste Furthermore, the statement indicates that the actions being taken by the World Bank “will be the guarantor of restoring the Iraqi dinar of its value.” WOW! It would be one thing to say that it would “make it possible, someday,” or “open the opportunity somehow.” But instead it said it would GUARANTEE a rise in the value of the dinar. AND IT CAME FROM THE MINISTRY OF FINANCE, WITHIN THE GOVERNMENT OF IRAQ! This statement is truly a first, because it indicates that WITHIN the GOI there is now a consensus that the dinar should and WILL be raised. The big question: When?
3-25-2013 Newshound Guru Enorrste Article: “World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar” “the Ministry of Finance confirmed that the plans will be the guarantor of restoring Iraqi dinar of his value economic between foreign currencies and this will be part of this plan.” This sentence is the most powerful of all in this article. First, the source of the comment in this sentence is the Ministry of Finance, NOT the World Bank. The Ministry of Finance is a part of the GOI, not a part of Parliament. Therefore, this statement comes from WITHIN the GOI. This is the FIRST statement of support for the raising of the value of the dinar from within the GOI.
3-25-2013 Newshound Guru Kaperoni Article: “World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar” My immediate reaction is there seems to be some work left to do according to this article. And second the WB is calling Maliki out. In the past, the WB has told him to “butt out” of monetary policy. So here we have them announcing the plan to put him on the spot. If it does not happen, everyone will know why.
3-25-2013 Intel Guru Frank26 So tomorrow…I will further divulge some understanding on: WE HAVE NO CHOICE BUT TO SEE THE RATE THIS COMING WEEK. A FIXED RATE THAT WILL BE GIVEN TIME BY THE GOI TO ASK FOR A SECOND GREEN LIGHT FROM THE IMF. WE KNOW THE BUDGET WILL BE IN THE GAZETTE THIS WEEK AS WAS ANNOUNCED TODAY BUT APRIL 1ST WILL BUST THIS BUDGET OPEN LIKE A PINATA. THE CANDY IS AN INCREASE IN THE VALUE OF THE IQD.
3-25-2013 Intel Guru Frank26 They painstakingly explained what Article 4 not only means but what the next step is for their country…the IMF’s Article 8. They also proudly announced about CH7 as if it does not even exist anymore because they are giddy about entering CH6 of the UN. Incredibly enough they talked to the citizens about their new position with the WTO and the WB. You know something…this takes a lot of guts to announce on such a public venue if they don’t plan to do it.
3-25-2013 Intel Guru Frank26 late last night DELTA’s Team from Baghdad saw a new campaign to inform the citizens of the pending increase in value by proclaiming through Iraqi TV these facts. With excitement said DELTA…they explained what happened in those 10 days with the IMF and the GOI. They talked about the 85% and now kicked into 30 days. They told the citizens there is no request for loans from the IMF that they are about to increase the value of their currency.