Iraqi Dinar Guru predictions/guesses! 5-26-2013
Iraqi Dinar Guru predictions/guesses! 5-26-2013
5-25-2013 Intel Guru TD Article: “Central Bank implemented a Plan in next June to raise the exchange rate of the Iraq
i Dinar” First of all, I just reported to you guys couple days ago about June 1st of this to occur. I was surprised as you all to see this article come out today from Iraq. And quite frankly a bit alarmed! So I had my Kurdish friend try to reach our GOI contact to see WHY this was posted. First of all the language “next June” DOES refer to THIS June. He just replied back and says that as far as he knows plans are still ON !! He did say that his pay grade is such that he is part of the architect of this plan but NOT the button pusher.
5-25-2013 Intel Guru TD He says this may be of two scenarios : 1) Either the whole world now knows it’s going to happen anyway. The cat’s out of the bag !! WOOOOHOOOO!! 2) This may be misinformation being put out and he said and I quote ” My colleagues are crafty little devils”. Well of course with this scenario possible…There may be a delay coming up we are not aware of. I’m still going with scenario ONE and THIS IS JUST ABOUT OVER !
5-25-2013 Newshound/Intel Guru Eagle1 Here’s an update to my post from Thursday…On Friday morning (May 24th), I received a relayed phone call from a gentleman who works for the Federal Reserve. He…advised me that the issues with Babylon II were down to a single country’s software issues. He expected those issues to be resolved by Friday night. Early Friday afternoon, I received two phone calls, one from a gentleman whom I have known for some time who is connected to the IMF, the other from a gentleman who works for the U.S. State Department. The gentleman with the IMF advised me that the remaining issues with the one country’s software glitches had been resolved, and that the IMF/UST group was going to have what was expected to be the final effort to have all 25 currencies in this present basket online. That call was later confirmed by a gentleman who works for the U.S. State Department.
5-25-2013 Newshound/Intel Guru Eagle1 This morning, (Saturday, the 25th) I was notified that the effort went smoothly on Friday night, and that we could expect to see all 25 currencies on FOREX early Tuesday morning (the 28th). During the day today, I have received not less than a total of seven separate confirmations that the remaining glitches with one remaining country (I do not know what that particular country was) were completely ironed out, and that a late-night test of the system on Friday went off without a hitch.
5-25-2013 Newshound/Intel Guru Eagle1 Although there seems to be some slight disagreement among those who have been on/or near the inside circle with regard to the actual rates, the rate for the IQD should come in somewhere between $3.40 and $3.56. (Obviously I haven’t seen this so I can only report this as rumor at the moment.) The VND is expected to be between $.42 and $.47 (although there have been two separate reports that it could actually be between $.97 and $2.20). The more consistent numbers I’ve heard for weeks place both currencies at $3.42 and .$47 respectively. If they come in any higher than that, none of us will complain. Until we actually see the numbers on FOREX, take all of this as rumor in the meantime.
5-25-2013 Newshound Guru Kaperoni Article: “Central Bank implemented a plan in next June to raise the exchange rate of the Iraqi dinar” there are several key words in the articles that support the last few days “direct” statements from the IMF. We have seen not only the IMF, but IIER and other various economists talk about the liberalizing the foreign exchange in the country. And that in it itself is the first step to raising the value of the dinar. So though it is easy to take a conservative approach to this article, Iraq is in dire need to do something with the dinar to help the economy.
5-25-2013 Newshound Guru Kaperoni I choose to remain very optimistic with the usage of words like… “monetary policy open” and “wide open” because that is exactly what is requested of them at this stage. I stated in my post just a few days ago…”The good news is the dinar will rise, based on “market forces” once the CBI “liberalizes” foreign exchange through their accounts.”
5-25-2013 Newshound Guru Tlar Article: “Central Bank implemented a plan in next June to raise the exchange rate of the Iraqi dinar” I don’t want to burst any bubbles here, but I read this article as another attempt to realign the rates. This is the 25th of May. Only six days left in the month until June. The chronic problem with the rates is still not fixed. This will be another attempt by the Central Bank to close the difference in the rates. I believe we read recently in an article where they referenced there would be a new strategy coming soon and I think this is it. IMHO they can not float the currency until they command the street rate as well as the program rate or to me, that would be a great recipe for failure. The street rate will drag the official rate down.
5-25-2013 Newshound Guru Tlar They have to solve the rate problem before releasing the currency. Limiting the number of banks at auction or that are able to purchase USD won’t work either because they are attempting to cure the disease by curing the symptom. They must deal with the cause or this crisis will go on. The cause is Iran is continuing to suck dollars out of the Iraqi system and no amount of new strategies will work unless they stop this. The CBI is running out of options and without the complete support of the Maliki government, the bank can only solve this problem one way IMHO.
5-25-2013 Intel/Newshound Guru Poppy3 ALL THE NEWS HAS BEEN AWESOME…GOT OFF A 30 MIN CALL WITH A LARGE CEO GROUP OF PEOPLE AND THEY HELPED CONFIRM SOME OF THE NEWS AND LIKE I SAID ALL IS WELL. MUCH IS DONE IN FACT ALL THAT WE ARE AWARE OF POLITICALLY IS DONE EXCEPT THE ONE TRUE OBSTICLE AND THAT IS MALIKI…THEY CAN’T TAKE THE CHANCE OF LETTING MALIKI USE THE MILITARY TO TAKE POSITION OF THE CBI AND THE REVALUED MONEY… POPPY3
5-25-2013 Newshound Guru Adam Montana [I have read that we may have to wait until early or mid 2014 until Maliki is out of office for the RV. What do you think of this?] That’s just an opinion. No law or rule states that as fact.