Iraqi Dinar Guru predictions and some BS!! 8-10-2013
Iraqi Dinar Guru predictions and some BS!! 8-10-2013
8-10-2013 Newshound Guru Kaperoni Article: “The economy: the Iraqi dinar will see an improvement in price against the dollar during the coming period” the original plan in 2011 and again 2012 was a RV at 1 to $1 or about. It was called a “staging rate” and is well documented in these forums. I would love that to be the plan, but the article…confirms that is not going to happen. Maliki has not budged on his policy and he is not going to give “overnight” value to the dinar.
8-10-2013 Newshound Guru Kaperoni That being said, the good news is he apparently realizes that the dinar must become internationally convertible soon and have some value. I’ll take a float because we all know it should rise fairly quickly. And I stand by the IMF documents that fully support the IMF in their new “target.” which is clearly outlined as “liberalizing the foreign exchange market.”
8-10-2013 Intel/Newshound Guru Poppy3 EMAIL: “POPPY, I DON’T KNOW IF THIS IS ANY HELP, BUT TICKER TAPE SAYS SECOND GENERATION QI CARDS BEING ISSUED…I HOPE THIS IS TRUE” …RECIEVED TWO CALLS DURING SUPPER…STATING THAT THE SECOND GENERATION CARDS ARE TO BE ISSUED BEGINNING TOMORROW [SATURDAY] TO THE PUBLIC. THEN GOT HOME AND FOUND THE ABOVE EMAIL MESSAGE TO ME. USE YOUR OWN JUDGEMENT… POPPY3
8-10-2013 Newshound Guru Tlar Article: “The economy: the Iraqi dinar will see an improvement in price against the dollar during the coming period” Turki has told us that Iraqi’s will be happy and that friends of Iraq will be happy, about three weeks ago. They have said in an article they plan to delete the leading zeros. The currency does not have leading zeros. Leading zeros are found on the nominal rate (exchange rate only). I may have just stumbled upon something pretty remarkable yet so simple…let me explain. The issue has never been one of translation but one of the true meaning of the translation. The result almost knocked me off my chair! The result was…”leading zeroes”!!!!
8-10-2013 Newshound Guru Tlar Pre RV 1166 = .00086 Post RV 1.16 = .86. 1.16 is what supposedly what the 2014 – 2016 budgets are based on according to news reports. If you move a decimal point 3 positions to the left, 1166 becomes 1.16. This is a game changer folks! This means the nominal value! Every time they have been mentioning “delete the zeroes”, they have been meaning the “leading zeroes” from the nominal rate which turns .00086 to .86!!!! We are close to the end of Eid Al-Fitr. A time when Muslim governments like to gift their people.
8-10-2013 Intel Guru Jester SOMETHING GOING ON IN IRAQ… MY BUDDY OVER THERE GOT PAID… AND THEY GOT PAID BIG. I THINK WE ARE STILL AWAITING THE TIMING… IT IS COMING… JUST NOT HERE YET… THERE IS $21 TRILLION MOVING AROUND SOMEWHERE TRYING TO GET TO WHERE IT IS GOING… WHEN IT GETS THERE I BELIEVE THINGS WILL CLICK INTO PLACE.
8-10-2013 Intel Guru Jester NOT AWARE OF A WAIT PERIOD…OR BACK WALL… OR ANYTHING LIKE THAT… IT WILL COME WHEN READY…[all we know for sure is some people in Iraq got paid and they are buying stuff. And that is it, correct? Nothing Here?] PRETTY MUCH…AND THAT IS GOOD FOR THEM…BUT IT CANNOT BE TOO MUCH LONGER HERE BASED ON THAT…MY UNDERSTANDING IS THAT WE ARE JUST WAITING FOR IT TO BE RELEASED TO US.
8-9-2013 Newshound Guru Doc This leads us to recent information which suggests the plan going forward for current reform. The first part is to get the street value back to the program rate or lower. Some articles have suggested the value as low as 1000. All the article talking about “the most profitable Ramadan ever” are referencing this and not the RV. Going from 1300 to 1000 by itself would give the common citizen a 30% increase in purchasing power. We have to understand that this is the order of business right now and not an immediate RV to $3+.<–TRUE!!
8-9-2013 Newshound Guru Doc The second leg of currency reform is to dedollarize…recent articles quoting Saleh and previous ones quoting Shabibi and stated they would not introduce the new currency except at the beginning of their financial year (Jan 1). Other sources and articles say this is targeted for Jan1, 2015. So what we can conclude from this is they are targeting 2014 to get into a position to need the new currency. From several studies it has been stated the rate to dedollarize is between $1.00-$1.20. Logic would dictate they are planning to move the rate toward the dedollarization rate over the course of 2014. Several article have stated they will do this “as economic conditions improve”. Our opinion is they will “change the exchange regime” to either a managed or free float in the near future and allow the dinar to appreciate over 2014 to the $1.00-$1.20 range. As it gets there the new currency will be introduced and USD removed.
8-9-2013 Newshound Guru Doc In summary the facts in evidence suggest a near term effort to stable the dinar in the range of 1000-1166 followed by a float strategy over the course of 2014 to the range of $1.00-$1.20. At this point Iraq will dedollarize and the dinar will be the currency of choice. We continue to believe this to be the best economic path for Iraq. We also know this is contrary to most other reports. However, we continue to report only facts in evidence and refuse to be a pusher of hopeium. We report, you decide.<–THANKS!
8-9-2013 Intel Guru Bluwolf Banks are ready, personnel in place, back home we are set. Rates are high, did I tell you it actually rv last night. Truth is we and the whole world are now waiting for the announcement. Its no big secret as of now everybody knows, so bring it on. A couple of legacies shall be written in rock today and I think that the protocol will finally be set aside. All is done, wake-up banks just do it.
8-9-2013 Intel Guru TNT Tony 7:00 p.m. eastern time last night something we have been waiting for, for 10 years did occur. I do have a time. People at the banks were excited last night. [Are you believing we will RV today?] There is no reason for it not to. Up until this call there is a concrete plan to do this. I’m not making the post. Okie is going to, he deserves to make this announcement.
8-9-2013 Intel Guru TNT Tony [Where did you get this information from?] Banks, Iraq, Call Centers, Bank Executives, 3 letter agencies. The rate is still outrageous, the street rate is outrageous. The IQD was in double digits this morning, the Dong, over $2. People in Iraq are spending money today. This a.m. in a mosque they were told they were the ones that saved the world’s economy. The game is over, the system is up & running. We are truly there. It is a timing thing. Let’s see what the afternoon brings.