Iraqi Dinar Guru opinions! 8-22-2013
Iraqi Dinar Guru opinions! 8-22-2013
8-22-2013 Newshound Guru Doc We are looking at several articles that can be paraphrased as “the CBI reported to the House of Representatives that it was putting a new mechanism in place that it believes will result in a significant raise in the value of the dinar versus the USD by June 2014″. This pretty well debunks the “at any moment” hype. If you believe the CBI is going to do a straight RV then these articles say you are looking at waiting until June 2014 for it to happen. The real message here is most likely they are preparing for the float mechanism we have been speculating for several months.
8-22-2013 Newshound Guru Doc We are expecting this to happen reasonably quickly such that there is significant increase in the value by June 2014. How high will it go by then no one knows. In a free float scenario the market will determine the value. Our speculation is Iraq would like to see it around $1 so it can dedollarize. We caution all to not plan for this because in a free float scenario it is the market that will determine the price. Any bad news like civil unrest or a fall in oil production will have sever negative impact on the value. However, this encourages us greatly in that it appears there is a firm plan to begin appreciating the dinar in value. We report, you decide.
8-22-2013 Intel Guru Loechin The RV is here folks bottom line. It is complete even though you nor I are at the bank YET. There are no delays, holdups or anything that is in the way and if there was it has been dealt with. Remember my analogy of the train. All have now left the train. First class is done, Business Class is ALMOST done, then we will order and be done and leave the building forever.
8-22-2013 Newshound/Intel Guru Arthur EVERY MONTH AS WE GET NEAR ANOTHER 1ST OF THE MONTH WHERE 99% OF RV’S IN RECENT HISTORY HAVE OCCURRED…I SAY THAT IT CANT GET ANY BIGGER – BUT AGAIN THIS TIME I MUST SAY THIS ONE WILL BE THE MOST HIGHLY ANTICIPATED FOR ME TO DATE. ALL RV’S OVER 50 CENTS HAVE OCCURRED IN APRIL OR SEPTEMBER AND THE LAST TWO IRONICALLY WERE DONE BY IRAQ WHO DID IT TWICE. – WHEN? IN SEPTEMBER BOTH TIMES!
8-22-2013 Newshound/Intel Guru Arthur IT IS ALSO NO COINCIDENCE THAT SEVERAL MAJOR BILATERAL FINANCIAL AGREEMENTS SUCH AS THE ONE EARLIER TODAY – WITH THE BAN LIFT BY JAPAN REBUILDING IRAQ TO INTERNATIONAL STATUS HAVE BEEN SIGNED AND WILL BE FINALIZED DURING THE CURRENT SESSION -JUST IN TIME FOR THEIR APPROVAL TO JOIN THE UN GLOBAL COMPACT -WHICH WAS A COLOSSAL STEP WE NEEDED – HOPIUM IS ALIVE AND WELL AND GETTING VERY EXCITING YET AGAIN AS WE APPROACH SEPTEMBER 1ST.
8-22-2013 Newshound Guru Adam Montana [Why do you think the HCL will be the final catalyst to get this thing off the ground?] The HCL is the last thing really keeping Iraq from boosting their ability to function as a well oiled business. Get HCL done, and the rest just falls into place. [Is it the HCL holding things up?] The HCL isn’t the “only” thing holding us up, but it’s definitely a key part.
8-22-2013 Newshound Guru Adam Montana Iraq tends to plod along at a snails pace, and then when they are ready to make it happen they surprise us! I’m looking forward to seeing them ramp up HCL, and I think Maliki has a pretty strong incentive right now to do that.
8-22-2013 Intel Guru Jester [So if CL starts this at 3.44 will we add oil credits on that or let it float first?] THEY WILL ALL COME OUT AT THERE ASSESSED ASSET VALUE… WHATEVER THAT IS WILL NOT FLOAT THAT MUCH… REMEMBER ASSET BACKED DOES NOT GIVE MUCH ROOM FOR CHANGE UNLESS SOMETHING BIG CHANGES IN THAT COUNTRY…
8-22-2013 Newshound Guru Kaperoni Article: “Financial representative: on the Central Bank on monetary policy open” The problem is many are expecting the overnight RV. Its not going to happen. I been telling everyone for over a year. Their is no RV. The CBI is going to follow standard monetary policy that is well documented on the IMF for emerging markets in transition. This is no surprise, no secret event. In fact, at least 5 other countries are transitioning right now… This is pretty standard as they move from a closed monetary policy to an open policy and shift from a “currency board” to a “float” exchange regime. It takes time, and we will see the dinar rise right in front of us.
8-21-2013 Intel Guru Loechin We have heard a lot today about mis alignments, countries upset, computer glitches and the list goes on and on. I can tell you the truth that is after talking with the people I talk with on a daily basis, I was not able to confirm that there were glitches or issues. All I can tell you is this. The system is working as of right now, there are no holds, no bumps, and no glitches. We look forward to the next several days which should guarantee our new life has begun. The rates are extremely high for both IQD and VND. I caution you to get your appointments and secure your reserves as soon as possible. GO RV!
8-21-2013 Newshound Guru Administrator Bob Article Quote: “…will follow the new theme mechanism will make a significant contribution in raising the value of Iraqi dinars before next June and will be the mechanism to raise the value of the Iraqi dinar against the US dollar.” The CBI is stating they are going to float the dinar. That is what ‘open monetary policy’ means. Turki is going to just let it go. Key here is ‘new theme’ which is the float. This is the mechanism to raise the value. Floats take time. They expect ‘significant’ contribution by then. That means the float will start ASAP. By June 2014 it could be 1 to $1 so they can delete the zeros.
8-21-2013 Intel/Newshound Guru Poppy3 there is zero global reset…yes many countries that trade with iraq will have to make adjustments to their currency for the purpose of trade with iraq and other mid east countries. YES THIS IS HAPPENING AND EVEN THOUGH I DON’T SEE IT THIS WEEK I STILL THINK BEFORE THE END OF THIS WEEK WE WILL HEAR AND HAVE A BETTER IDEA OF WHAT AND WHEN TO EXPECT TO SEE SOMETHING HAPPEN IN OUR FAVOR. THE HEAT IS OWN AND FROM AROUND THE GLOBE PRESSURE IS BEING APPLIED. POPPY3
8-21-2013 Newshound Guru Stryker Article Quote “Office announced the implementation of Article 140 of the Constitution, in the province of Dhi Qar, the arrival of more than 600 instrument, noting that the Bureau proceeded distributed among beneficiaries.” It sure looks like article 140 has been implemented, at least according to this article. If this can be confirmed then things are being done and not being widely announced but could be more of the clues we have been waiting for.
8-21-2013 Newshound Guru Stryker Article Quote: “indicating the possibility of submitting a supplemental budget in July next inserts the agreement between the federal government and the Kurdistan Regional Government.” It tells me that the agreements between Maliki and Barzani in April are being implemented and the midyear supplement budget of $14 billion must have been approved without our knowledge because these funds were part of the agreement. These funds are benched marked to include Article 140, payments to Kurdistan for their Military, payments to Oil Contractors and other expenses.
8-21-2013 Newshound Guru Stryker Article Quotes “The Oil and Gas Law, the rights of the Peshmerga and Article 140 are among the most important issues to be discussed.” “It is worth mentioning that during his recent visit to Baghdad, Kurdistan Region’s Prime Minister, Nechirvan Barzani, met with the Federal Cabinet, discussing with them the seven points of Erbil Agreement, they got initial agreement.” That says that all the outstanding Erbil Agreements are going to be implemented… If in fact, the Article 140 that almost everyone said could not get implemented because of all the disputes is implemented, then the rest is being completed without our knowledge…
8-21-2013 Newshound Guru Kaperoni This is direct from Iraqi TV today. Iraqi dinar will increase substantially by mid -2014…but more importantly this…Iraq will join international currency organizations in the near future. that can only mean Forex folks! they not waiting… they said, its value will be substantial by mid 2014. that means they need to start soon raising the value if they expect to meet that goal. [So you believe the float will start soon? (Not Iraqi soon I hope)?] yes [that doesn’t mean it will start at the 1160 that you say it could start at above a dollar right] it can start anywhere they want…just get it going. I think that is very good and no articles have it…that news [came] from iraqi tv.