Iraqi Dinar Guru opinions. 9-14/15-2013
Iraqi Dinar Guru opinions. 9-14/15-2013
9-15-2013 Newshound Guru Doc For all practical matters we are exactly where we reported several weeks ago. We also anticipate we will be here for many more weeks. There has been no further movement in passing the remaining laws needed to support currency reform in the long term. All is no where close to complete. In fact Parliament will not reconvene for another week. In our last update we pointed out HCl would not be considered until at the earliest this upcoming session. We eagerly await to see if it will be addressed. Our opinion continues that currency reform will not happen until there supporting laws are passed. The stated stated back drop for the “delete the zeros” project is June 2014 and not tomorrow or next month. The are many articles calling for it which we view as positive.
9-15-2013 Intel Guru TD Today’s meeting did not go as hoped. There was no consensus reached by all blocs regarding elements of the all critical HCL Law. Therefore strike September 17th as a possibility of a major announcement. Well like I said…with Iraqi affairs you can AT BEST be cautiously optimistic. My contact did confirm though that pressure is mounting from all sides and time is getting short.
9-15-2013 Intel Guru TD Remember they have drawn a drop dead date of completion of their currency reform as of June 2014 and work to achieve the stability of the currency takes time for market forces to take hold. SEPTEMBER 30th/OCTOBER 1st though remains viable BUT subject to parliament agreements & closure when they meet September 24th & onward.
9-15-2013 Newshound Guru Kaperoni Article: “The need for governmental sector efficient and highly productive. Our strong foundations for a stable dinar” Some good quotes for sure in that from Shabs…”We have succeeded in maintaining the purchasing power of the dinar and stability in spite of the problems of political stability and inefficient implementation of the government investment budget.” “The auction process and mechanism begins to withdraw the Iraqi currency and ease pressure on the market and is being done through swap cash dinars dollar…” Sure seems that Shabibi is trying to convey a sound message of good monetary policy. He clearly mentions an..”urgent need for an efficient government sector and high productivity” which is telling the GOI/Maliki and parliament to get moving. It’s time.
9-15-2013 Intel Guru Jester I AM STILL AWARE IT COULD BE A BIT OF TIME…AND NOW EVERYONE ELSE IS SAYING THE SAME… MOSTLY ANYWAY. I SURE HOPE I AM WRONG. [A bit…as in…this year?] I DO THINK WE WILL BE FINE BY THEN.
9-14-2013 Newshound Guru Stryker We found out that the budget that was in front of Parliament last Saturday, the 7th, which was discussed by the Members of Parliament was in fact the Council & House of Representative’s Budget and not the Federal Budget, so we have needed clarity on where they are with the 2014 Fiscal Year Budget and now we have it.
9-14-2013 Newshound Guru Stryker With this new information, it sure is looking like January 2014 before they implement Currency Reform folks. We should still wait on confirmation from the CBI on this but all the evidence keeps pointing us in that direction. Can it happen tomorrow or Monday…No, they must complete the process before implementing the project. FYI, I sure would like to be wrong on this but I don’t think I am!
9-14-2013 Intel/Newshound Guru Poppy3 GOT CALLS LATE LAST EVENING AND THIS MORNING SAYING THE PROGRESS EXPECTED BY THE FINANCE COMMITTEE HAS NOT ACCOMPLISHED ALL YET THAT THEY WERE ANTICIPATING AND THEY ARE TAKING THIS BREAK OF THE FULL PARLIAMENT BUT THE COMMITTEE’S ARE STILL MEETING THAT ARE TO STUDY AND SET GUIDELINE TO BALANCE THE DINAR IN TRADE AND PURCHASE POWER. I UNDERSTAND THIS TO BE THE RATE OF THE REVALUE. I ASK THEM HOW MANY TIMES HAVE THEY ADDRESSED THIS VERY THING AND THEY SAID MANY TIMES IN OPEN PARLIAMENT AND MEETINGS WITHIN THE CBI BUT THAT THEY ALWAYS HAVE SO MANY DIFFERENT OPINIONS AND THAT IS WHY NAJAFI AND STAFF HAVE ASSIGNED A SPECIAL COMMITTEE TO SET THE FINAL VALUE AND END THE ARGUMENT.
9-14-2013 Intel/Newshound Guru Poppy3 THEY FEEL THINGS COULD MOVE FAST ONCE THE FULL PARLIAMENT RETURNS ON THE 24TH AND THAT THE REMAINING LAWS HAVE ALL BEEN AGREED ON AND WILL BE PASSED AND READY FOR IMPLEMENTATION VERY QUICK WHEN THEY RETURN AND GET ALL THE COMMITTEE FINDINGS. ALL IS WELL AND THEM EVEN STATING THEY HAVE POSTED THIS COMMITTEE IS THE ADMISSION TO ALL OF US THE RV IS ONE OF IF NOT THE MOST IMPORTANT ISSUE TO THEM AT THIS TIME TO COMPLETE. TIME WILL TELL BUT THE TIME IS NOW VERY SHORT.
9-14-2013 Newshound Guru Adam Montana [If a country can run on the value of the VND then why can’t the same apply to Iraq, after all they have been existing using basically the same rate for many years and have been prospering financially.] I don’t think it’s fair to compare the VND to the IQD as “apples to apples” – the IQD is backed by a lot more than the VND, so they should be treated as completely separate things, which they are. I’ve said many times that I like the chances for both currencies, but I don’t think they are directly connected.
9-14-2013 Newshound Guru Tlar Article: “Committee has been formed by Council of Ministers for unifying USD price” There has been a move over the last month or two, to standardize everything concerning the exchange rate. They are attempting to get everybody on the same page, 1166. What this means IMO is it is a beginning point to strengthen the dinar as many of the articles have stated. In order to have an effective staging plan to move the rate, everybody has to be on the same page, 1166. You can’t have the dinar be one value for one thing and another value for another thing.
9-14-2013 Newshound Guru Tlar This Committee has been tasked to “unify” the dinar to the USD. I don’t believe it is tasked to determine a new or higher rate. The new rate has already been stated to us as 1.16 dinars to the dollar. Supposedly that is what the 2014 budget is based on if we are to believe 2 members of the Finance Committee, the same committee to have built the 2014 budget.
9-14-2013 Newshound Guru Kaperoni we are looking for progress before the reform. With Parliament on vacation now to the 24th, unlikely the laws will be passed in time for Oct 1st. I am looking more to the end of Oct at this point. We have to be realistic when it comes to Parliament.
9-13-2013 Intel Guru Loechin here we sit another week well almost and still the RV alludes us. The bottom line is this after all the junk we have seen, and heard, and even the stuff we haven’t we are now finally in the moment of our Blessing. It’s been a difficult time trying to find the truth as of late. However as always the truth comes out in the end, and we finally can see it. The rates are still in the lower $20’s for the IQD, and the dong may be about to hit the $4.00 range…we really are at the end and guess what WE WIN.
Guru Critic, short and simple today, Loechin is completely full of it!
9-13-2013 Intel Guru TNT Tony [via a scape goat] Some of the info we heard yesterday is that everything is great from the IMF, World Bank, etc. There is an agreement right now, but the verbiage needs to be finalized, which could go another 10-12 days for the agreement to be worked out. They’re all in agreement that the RV is going forward….that things could proceed as scheduled. The banks are ready. Additional bank training is going on today. They’re supposed to start on Monday.
9-13-2013 Intel Guru TNT Tony Everybody in DC is hearing the same thing that it’s freed up, …So they’re still saying to look every morning…could happen today, could happen Monday, but NOBODY is saying anything about October. According to everybody the situation is at a point where the RV could go ahead and be processed. The numbers are still $23+ and $3+ on the screens right now. I feel we are in a great position, all is ready for any moment.
Guru Critic, Tony is full of himself and full of it too, he knows nothing. Those rates are preposterous. Notice he NEVER states which screens? There are none that’s why.
9-13-2013 Newshound Guru Shredd getting closer…how close? well, look at all the prep going on, law for adjusting balances, removing zeros, so much news about the plan moving forward, time is running out if they plan to begin to remove the notes at the beginning of the year. Finance Committee is pushing hard too…they gotta pass the laws…they’ve confirmed via several articles that the project to remove the zeros is now, no longer indefinitely delayed…so, it won’t be a big secret…as we continue to see day by day, preparations are being made…no more putting the brakes on.
9-13-2013 Newshound Guru Shredd I think that is why Turki is meeting with the UN , he is dotting the I’s and crossing the T’s of the many facets of the new monetary policy. Iraq is getting closer to seeing their dinar represent their country, CBI is prepping to remove the large three zero notes and that can’t happen without a rate on par or greater and only three short months remain not enough time for a free float to get there.
9-13-2013 Intel Guru TD So Where are we at? First, Is Turki still at the CBI or not? It seems that Maliki has done some serious back peddling when Turki was going to resign and pixxed off the CBI. When The CBI told Maliki he could not run both the CBI & GOI he started to ask Turki to stay on which now looks likely. The Syrian situation is being defused to everyone’s liking. My contact told me today that Parliament will recess next week as a “Job well done” break. This means that about all the laws needed revision and passing are done. The HCL as I reported few days ago has seen the time checkpoints reviewed and passed the necessary tests.
9-13-2013 Intel Guru TD Now some juicy stuff: I was told there’s a HUGE meeting of the PTB’s this weekend. I was given these dates as BIGGIES to look for: TUESDAY, SEPTEMBER 17th, SEPTEMBER 30th / OCTOBER 1st. What is the significance of these dates? I wish I knew but he was tight lipped. He did say SEPTEMBER 17th’s announcement hinges on this weekend’s meeting and so we shall see. I believe we are getting close friends. The mood seems to be relaxed and favorable. The “VIBES” that something important is about to break is prominent. As big a roller coaster this has been, we have seen doors suddenly shut on our faces but I am cautiously optimistic.
9-13-2013 Newshound Guru Kaperoni Article: “Parliament gives its members a holiday for 6 days” Quote: “the holiday will start from the 19 of this month and until the 24 of it” Just when we have a great week, parliament craps on the party. I really wonder if they even want to pass these economic laws while Maliki is still in office?
9-13-2013 Intel/Newshound Guru Poppy3 I FULLY EXPECT TO BE CASHING IN BEFORE OCT ACCORDING TO TWO SOURCES UNLESS THEY CHANGE WHAT THEY SAID THREE DAYS AGO. IF SOMETHING CHANGES I WILL REPORT IMMEDIATELY.