Iraqi Dinar Guru predictions and some BS!! 7-6/7-2013
Iraqi Dinar Guru predictions and some BS!! 7-6/7-2013
7-7-2013 Newshound Guru Stryker We have only seen a handful of these…delete the zero…articles in the last 5 months or so and now in the last few days they are coming out of the woodwork. In Iraq, like here, we see controversy over what they mean. Are they going to…just re-denominate their currency by making the 25,000 dinar note become 25 dinars without giving it any more purchasing power? Or is their intention to raise the purchasing power by giving the dinar a new exchange rate rather then just deleting the zeros?
7-7-2013 Newshound Guru Stryker Dr. Shabibi said in a public announcement dated July 22, 2011 that starting July 1, 2011 they were going to start removing the zeros, was he talking about from in circulation or was he saying that they were deleting the zeros? Well, we know that it wasn’t the zeros so I say it was from in circulation. We have also read that the CBI has wanted to reduce the amount in circulation to 25 billion from over 30 trillion so if they have been reducing it in country to this I say that it only makes sense that these economist are now saying the time is right.
7-7-2013 Newshound Guru Stryker I am using my educated guess and saying that Iraq has the most undervalued currency in the world and that they and we want the CBI to show us the real value and I believe they are close to do this. Our percentages of a windfall have just improved by Chapter VII release and with each day getting closer to Iraq emerging back into International Status.
7-7-2013 Intel Guru Tony While we did get the information that there was to be a 2 day delay, I received additional news…but I needed to verify it first. The information that I received was that all bank personnel and security personnel were told to go home, as there would not be any additional overtime authorized. The reason given to them was that there is an on going investigation in D.C. concerning some insider trading. Fortunately for us, about an hour after the call, those same individuals received a text telling them to report to work Monday morning and that all problems had been resolved. I’ll be able to give you more details Monday and a current update.
7-7-2013 Intel Guru Jester ok, big picture…countries in trouble…9 to be exact and maybe 4 more in addition to that…not confirmed yet. what is going on now is IMF wants to help the countries in trouble…fixing them first is easier for the imf…you reset a country in bankruptcy they are still in bankruptcy after. China, UST, others not happy about it…want things to move forward. we are aware they are under the gun to get this done today…we will see how it goes.
7-7-2013 Intel Guru TerryK WE ARE LOOKING GOOD FOR THIS WEEKEND “SUNDAY”…AND AT THE BANKS FIRST OF THE WEEK…SO WE SHALL SEE.
7-6-2013 Intel/Newshound Guru Poppy3 Article quotes: “a member of the Economic Committee in the Iraqi Parliament, Abdul-Salam Al-Maliki, Saturday, the Iraqi Government to take urgent steps to strengthen the Iraqi dinar Iraqi market by turning to a promising market. Al-Maliki said “the Obelisk”, “until the Iraqi dinar is gaining strength, the Iraqi Government will take immediate steps to transform the Iraqi market to market promising”, adding that “the Iraqi Central Bank is responsible for monetary policy and the trend of integration of work between the Central Bank of Iraq and the Iraqi Government.”… THESE ARE ACTUAL POSTED ARTICLES DIRECT FROM PARLIAMENT MEMBERS ON THE FINANCE COMMITTEE DEMANDING CBI AND TURKI TO GET-R-DONE LOL…GET-R-DONE BOYS. POPPY3
7-6-2013 Newshound Guru Stryker Iraq is moving even closer to regaining international pride and with that should come a new currency reform being announced. We continue to get hints of this in the news; here is a quote from an article…: “International banks began trading at the first signs of Iraqi currency to exit Iraq from Chapter VII, in conjunction with the Declaration of the Iraqi Central Bank”. This to me means that when there is an official announcement both on Chapter VII release and when the Central Bank has made a Declaration concerning the currency reform it will then be internationally traded…
7-6-2013 Newshound Guru Stryker What will the value of the dinar start at when it is announced that it is an international tradable currency is still the big question but just getting here folks is a milestone for us Iraqi Dinar Speculators in my opinion. We are starting to see both sides of the delete the zero articles again which is even an added sign that we are close once again of it taking place. July is still a very real possibility for currency reform and we have a bird eyes view of it.
7-6-2013 Newshound Guru Med I AGREE…THE DELETION OF ZERO’S IS JAN 2014. I HAVE SAID IT WILL COME NEXT JANUARY BUT I ALSO SAID THAT I BELIEVE THEY WILL INCREASE THE RATE OF EXCHANGE BEFORE THEY DELETE THE ZERO’S. I ALWAYS HAVE STOOD THAT THEY CANT MOVE FROM WHERE THEY ARE NOW TO EVEN WITH THE USD IF THAT IS THERE INTENTIONS IT WOULD BE TOO MUCH STICKER SHOCK.
7-6-2013 Intel Guru Tony They had 10 days from the 27th of June. All the cards didn’t get updated. Iraq requested and received a 2 day extension. Rate – $3.44 in Iraq, our rate to be higher…at some point it may be a double digit number. There may or may not be a formal announcement of the RV. They want this done by Ramadon. I think we are at the door.
7-6-2013 Intel Guru Mnt Goat The finance committee continues to roll out the activation of the SMART cards to the people. They have and continue to announce on the TV and news media the groups that will be activated and when. So far they are on right on their schedule. The rate is still $3.44 on the cards and this has not changed. Also the TV and news continues to tell the people they will have the strongest currency in Middle East (if not the world). I can tell you that I was told this entire rollout process will take approximately 7 days.
7-6-2013 Intel Guru Mnt Goat So here it is in BLACK and WHITE for you: First – June 27, official release from Chapter 7 sanctions. Second – June 29, Huge National Meeting (or conference). Dancing in the streets, political show… Third – July 1 – SMART cards are activated right on schedule as announced, out pops the initial low rate at $3.44 to support the money loaded on the cards… Fourth – July 2-July 7- We wait 3-6 days after the initial low rate comes out, then the full RV…
7-6-2013 Intel Guru Mnt Goat Fifth – What will the rate be at the full RV just days from now? Well think about it. If they popped out a rate of $3.44 and they are calling this their low side then what the heck can we expect to be the high side? I am being told from my IMF contact we might very well see a rate over $6.00 when we see this pop this weekend sometime in the USA and finally go out internationally. It will be on a free float for so many days with a managed cap.
7-6-2013 Intel Guru Mnt Goat You should know it is now about time for us to see the RV, however another golden rule from dinar 101 class is …drum roll please….”no one will know the exact time or rate”! We are definitely in the window beginning today. We are getting very close to seeing it.
7-6-2013 Intel/Newshound Guru Poppy3 all is well in dinar land …. rv still on track as iraq parliament and goi progress to completion. unsc deadline has to be approaching and has to be soon…. NO ONE INVOLVED IN THE RV OFFICIALLY HAS EVER SAID THAT [Float]. 1 TO 1 WILL NOT MEET THEIR BUDGET OR DE-DOLLARISE THEIR COUNTRY…POPPY3
7-6-2013 Intel Guru Jester SO, WHERE ARE WE? WE ARE ON HIGH ALERT…WE HAVE GOOD TIMING WINDOWS RIGHT NOW… AND THAT IS THE TRUTH… AND THAT IS THE BEST I CAN TELL YOU… THEY ARE WORKING ON IT… THE PROCESS HAS NOT STOPPED… IT WILL NOT STOP UNTIL IT IS FINISHED… WHEN IT IS THEN WE ARE ON OUR WAY…SOON YOU WILL LOOK BACK AND SAY…WOW…WHAT A RIDE…
7-6-2013 Newshound/Intel Guru Flashing [via bailey2] WE ARE JUST WAITING FOR THE RELEASE AND MY RANGE ($5.00 – $12.00) IS VERY, VERY, VERY REALISTIC. THE RATE WILL BE GREAT!
7-5-2013 Newshound Guru Doc We find ourselves entering the Ramadan period with no clear picture of timing for currency reform. In fact a recent CBI announcement suggested the new bills would not be out until end-of-year. It was pretty clear up until about a year ago the plan was to RV at $1. The Special Inspector General’s report and even Iraq’s 5 year plan made reference to this in plain black and white print. Recently however the tone has changed to language like natural exchange regime and even hints this would occur over a period of time. Looking at this carefully it would indicate a progression toward $1 and not a step change. Some call it a float whether managed or free. What we find encouraging is the plan continues to be to raise the value.
7-5-2013 Newshound Guru Doc …With this we seriously doubt everyone will wake up to a massive increase overnight based on the body of articles recently released. As we have documented in the past this is not in the best economic interest of Iraq. The question remain as to when will currency reform start no matter what it looks like. The answer is no one knows for sure. Our opinion is Ramadan will continue to be a time of no significant announcement. However, plans/details will continue to be worked out and progression on currency reform will be forthcoming. We will continue to look for HCL passage as a key milestone. We report, you decide.
7-5-2013 Intel Guru TERRYK THERE WAS A SMALL ISSUE LAST NIGHT…WHERE 3 COUNTRIES CODES WERE NOT RIGHT…I KNOW SOUNDS STUPID…BUT ANYWAY THIS WAS TAKEN CARE OF FIRST THING THIS MORNING… SO THEY CLAIM THEY ARE BACK ON TRACK…AND WE MAY VERY WELL BE AT THE BANK MONDAY MORNING…I’M SURE GETTING TIRED OF THIS WEEKEND C*** AND BACK TO THE BANK ON MONDAY…IS IT ME OR ARE THE FRICKIN DAYS JUST FLYING OFF OF THE CALANDAR
7-5-2013 Intel Guru Bluwolf UPDATE SHE’LL BE COMING ROUND THE MOUNTAIN…ITS OVER, PERIOD AND YOU WILL TAKE THAT NOTE TO THE BANK… BE BLESSED BLUWOLF
7-5-2013 Intel Guru TD HUGE HUGE NEWS!!! GOT CONFIRMATION EMAIL FROM MY GOI SOURCE THAT INDEED THE IMF IS A —-___PROBABLE GO___ ON THE FLOAT PLAN THAT IRAQ SUBMITTED. IT MAY JUST BE DAYS AWAY NOW.
7-5-2013 Intel Guru TerryK [We still expecting rv anytime?] WE ARE. THE Q CARDS WILL BE FUNDED THRU THE HCL ONCE THEY ESTABLISH A RATE THRU THE RV. THE HCL IS SUPPORTED BY THE OIL RESERVES FUNDING WHICH IS THE SUPPORT FOR THE CARDS.
7-5-2013 Intel Guru TD Well I was going to post about yesterday’s CBI article but ENORRSTE I see took the EXACT words out of my mouth. My GOI contact confirmed EXACTLY THIS (what Enorrste wrote today) last night. On the bright side a plan BEING SUBMITTED to the IMF of a float is under way which would allow us an opportunity to move quicker and closure on this investment.
7-5-2013 Newshound Guru Enorrste …ANYONE who claims that there will be an RV in the very near future, is crazy. The CBI stated yesterday that the “project to remove the three zeros” is being postponed indefinitely. This means that they CANNOT RV at $3.44 this week! Why? Because they won’t have any small notes to use for commercial activity. The large notes will begin to be removed AT THE EARLIEST on January 1, 2014, at which time Parliament has stated they would release the new currency (small denom notes).
7-5-2013 Newshound Guru Enorrste What IS possible is that the CBI will announce a FREE FLOAT, and they can make that announcement at any time. Anyone who talks about an RV (either $1 or $3.44, or more) is clearly WRONG…The CBI should be your first and primary source. They stated yesterday that the removal of the large notes is postponed indefinitely. That means NO RV. If they DID RV, then they would have to remove the large notes, since each note would be worth $25,000 to $80,000!
7-5-2013 Newshound Guru Enorrste Therefore, wait for an announcement of a change in the “exchange rate regime” from a fixed rate (1166 to 1) to a FREE FLOAT. That announcement can come at any time and will have to occur soon, in our opinion, since we expect the rate to be $1 by January 1, 2014.
7-5-2013 Newshound Guru Tlar Article: “Money Iraq: Red damaged for adults and for retirees” Quote: “Rabab Hussein says the officer “tired of using glue and nail to repair money we find difficulty in dealing with sellers refuse to receive, but we don’t suffer from damaged money, but none of the hit and dirty color”. I love these kind of articles because either the bank introduces the new currency soon (that means RV) or Iraq will continue to dollarize as fast as they can. This subject is the ticking timebomb that is pressurizing the situation.
7-5-2013 Newshound/Intel Guru Eagle1 The stats were sent to the bank today. Would not be surprised that they take advantage of 7-4 holiday. That would give us 7-5 as a potential day. We are coming up against the 10-day deadline. Banks saying it is on administrative screens and is ready to put it on the other screens when they get the word. From a Forex perspective, we could see it Friday.