Iraqi Dinar Guru predictions/guesses! 5-30-2013
Iraqi Dinar Guru predictions/guesses! 5-30-2013
5-30-2013 Newshound Guru Enorrste Article: “Central Bank: decision of the recruitment Chairmen in the banking sector without complaint would lead to an economic” It appears that Turki has been at the CBI long enough now to realize that Shabibi had never done anything wrong. He is taking a risk in saying this, especially a risk with Maliki, who put him in this position because he wanted Shabibi out. Furthermore, Turki is slapping the Supreme Court in the face with his statement that they overreached in an effort to find fault at the CBI when there were no wrongdoings at all, in Turki’s opinion. Kudos to Turki!
5-30-2013 Newshound Guru Tlar Article: “Central Bank: decision of the recruitment Chairmen in the banking sector without complaint would lead to an economic” I totally concur with Enorrste. This article comes on the heals of the article yesterday by the integrity commission stating they want the top ranking officials of the bank that are still incarcerated to be charged or be released. I believe Iraqi law requires that a person can only be held 48 hours and then must be charged or released. The bank officials have been locked up for 6 months and still there are no charges. This will come as another embarrassment to Maliki but I’m sure he will push the blame off on somebody else as he has attempted to do with Shabibi.
5-30-2013 Newshound Guru Adam Montana Article: “Central Bank implemented a plan in next June to raise the exchange rate of the Iraqi dinar” THAT is what keeps me coming back “CBI to raise the rate NEXT MONTH”. They don’t say how much, but a raise is a raise is a raise my friends! now if the CBI is going to raise the rate and Kuwait is 100% on board with removing Chapter 7 completely if someone would just shove the HCL deal through I think we have a home run.
5-30-2013 Intel/Newshound Guru Poppy3 I was glad to here what bgg said about the rate that was stated by finance committee member. his statement indicated what we have said many times for months and months the rate will be $3.00 plus plus. IF THIS don’t fire you up your wood is wet friend. It is also good to know from solid sources that all is ready for implementation once Maliki and his administration is nullified or controlled in some way. Confidence is running very high that they are proceeding to accomplish that very thing from parliament, courts and Cleric’s all calling for his removal and the cleric’s even demanded he not just be removed but executed. Strong words for the Cleric to use. POPPY3
5-30-2013 Newshound Guru SWFloridaGuy Article: “Central Bank begins next month, the application of measures to reduce exchange rate volatility. Will begin implementation of a package of measures designed to restore the exchange rate of the dollar against the Iraqi dinar to normal.” It’s hard to hear more encouraging news than this if true and considering the abounding amount of analogous reports we have received inferring similar news, I’d say for once I’m a little excited about what could happen in the very near future.
5-30-2013 Newshound Guru SWFloridaGuy The news appears to be sensational… I do have two questions however…why would they announce this to the world beforehand and how does one determine the exact nomenclature of what the phrase “normal” means in this context. It’s hard to imagine that this doesn’t mean a rise to where it was before it became practically worthless and that they are moving toward a more realistic, competitive rate somewhere on par with the USD.
5-30-2013 Newshound Guru SWFloridaGuy Others will claim this means $3+, double digits etc. Yes, I understand it held a very high value decades ago but remember that was also a different currency. On a positive note they have only increased their wealth since then but I still don’t believe that initial high-rate theory to be realistic for one second. I can’t imagine they could maintain that long term stability without eventually leading to the collapse of their economy.
5-30-2013 Newshound Guru SWFloridaGuy Only after time and letting the market drive the rate up could this be achieved, which is entirely possible. Also, for those of you who say 1 to 1 is a small RV, please keep in mind that is a 100,000% increase overnight and the largest previous RV in history was Romania at around 40%. So, although Iraq has far more potential than previous countries who RVd, let’s keep things in perspective. There is also another theory presented by the lopsters claiming we are misinterpreting this completely. I’m not here to judge them for their opinion but I choose not to believe this. I am excited to see what the near future holds for us.
5-29-2013 Newshound Guru Med WE WERE RIGHT WHATEVER IS STARTING IS STARTING NEXT MONTH NOT 2014. THE ARTICLE …CONFIRMS THE JUNE THEY WERE DISCUSSING FOR THE START IS THIS JUNE.
5-29-2013 Newshound Guru Adam Montana I continue to be impressed with how well they control the rate of their currency. Say what you want about the country, they are no slouches in that matter. The CBI has and continues to maintain a tight grip on the real value of the dinar, and when they are ready to raise the value it will be successful.
5-29-2013 Intel Guru Frank26 Large amounts of monies are flowing in probably from the countries that are in the baskets as the RV will wipe out their national debts. A number of countries in the ME are in the first basket, and their values are going up; they are being propped up by the IQD as it will be a reserve currency in their central banks. …there is much evidence supporting that something is happening now; also this is another reason for flushing the 3 zeros in Iraq with US$. this is a world-changing event, the IQD gets to be at the center of it, but it’s not all about the IQD, this is a global currency reset, and it’s all interwoven.
5-29-2013 Newshound Guru SWFloridaGuy There were several reports from the CBI last year that pointed to early 2013 as target date for currency reform. Well, here we are one month away from a supposed increase. How much of an increase and exactly what they are referring to is anyone’s guess but I think we can all agree that economically Iraq is headed in the right direction. As usual these are just my opinions, which may or may not be correct.
5-29-2013 Intel Guru Delta Everything is still on track, still on very high alert, and in his opinion…he would be very surprised if the RV goes past the first week of June. Delta confirmed the message on Iraqiya TV to implement the increase in the exchange rate of the IQD. Delta said the people don’t have confidence in the GOI and so will keep using the US$ until they see something happen.
5-29-2013 Newshound Guru Stryker The Central Bank is going to make changes starting in June to bring the market rate back inline with the CBI official exchange rate. I believe we have a good chance of seeing the RV by July 1st but it has nothing to do with these articles the last few days that state the CBI is going to implement changes to increase the exchange rate starting in June. These are them just trying to adjust the out of control parallel market rate. They can’t justify a new monetary and currency reform when they can’t control their artificial rate that they have had going on since 2003. So my point is they need to have it stable before the currency reform begins.
5-29-2013 Newshound/Intel Guru Eagle1 What is Basel III? it’s named for Basel, Switzerland where Bush 43 met with central bankers and IMF to develop protocols to take all nations from fiat currency to asset-based currency; for some nations, these protocols will devalue their currency and for other countries, it will substantially increase their currency value. At the time, world banks were running Babylon 1 software which…could not manage the complex revaluations of all the currencies; new software was needed.
5-29-2013 Newshound/Intel Guru Eagle1 There are 3 baskets of currencies: 25 currencies in the first basket and the next 2 baskets have 30 currencies each; the plan is to revalue or re-align all 85 currencies by June 30; there are a total of 198 countries participating in this, it is a massive undertaking.
5-29-2013 Newshound Guru Adam Montana what we’ve seen recently is a kind of crazy fluctuation in the value of the dinar – the CBI reports that the value dropped from 1120 per USD to 1129…that might not seem like a lot, but in my opinion it’s a sign that something is brewing. the Dinar has been FLAT – completely steady – for a long time. The CBI does a GREAT job of maintaining the value. For it to fluctuate even a smidgeon is a big deal.
5-29-2013 Newshound Guru Adam Montana They have officially announced that they plan to raise the value in the month of June…. we don’t expect them to make an announcement of a MAJOR rate increase, but the fact that they are toying with the value could be a great opportunity for them to give us a nice surprise. So we will just hang tight and see how this thing plays out… Kuwait is talking about Chapter 7 issues, CBI is talking about raising the value, and I think it’s a good time for something to happen.