DAILY GURU GUESSES!! 4-20-2012
4/20/2012 SWFloridaGuy As everyone has probably figured out by now there is no in-country RV once again. There is no way in this day in age where information travels so fast, that the IMF and World Bank would allow Iraq to raise their exchange rate in-country only, giving the entire world a heads up. When the CBI releases an adjusted rate per the IMF and World Bank’s approval and instruction it will be sent to the BIS. From there the IQD either alone or together with a small basket of currencies will be released and sent to all central banks around the world. It won’t go country to country or East to West. Whether a bank is open or closed it will be sitting in their system and adjusted right along with the rest of the world to prevent massive runs on currency and for many other obvious reasons.
4/20/2012 Russell from Oz THE FACT IS THIS… Shabibi doesn’t care how many Dinars are held outside Iraq, because he has stated several times that those dinars will be held as “Foreign Currency Reserves” in those outside countries. They are basically an investment in the growth of the country that issued that currency…this has allowed the USA to print massive amounts of dollars that will NEVER be cashed in. These countries holding US$ in foreign reserve accounts CAN’T EVER cash them in for their own currency, because if they do it will collapse the US$ and the worlds currency system TOTALLY. (yup, the worlds monetary system is just a house of cards, whether you like it or not… and it always has been).
4/20/2012 Bulldog75 the forex of usd/iqd has begun to slide 1.9%. It is now at 1139 and trending down. This may continue gradually or simply in the blink of an eye pop dramatically down. We simply wait for this to develop. The trend is our friend. All news is good. This should be a day to remember according to sources and imho.
4/20/2012 Cap1 WE HAVE…RECEIVED INFORMATION THAT THE RATE IS LOCKED ON THE FOREX TO BEGIN TRADING…FRIDAY. IT’S LOCKED ON THE BANK FOREX SCREENS. RATE IS HIGH FROM WHAT I HEAR. WE’RE EXPECTING IT AT ANYTIME.
4/20/2012 Intel Guru Bulldog75 I WOULD BE SHOWERED AND READY IN MORN. [FRIDAY]…DO NOT CALL BANKS PLS…NO BANK PHONES OR VISITS TIL THE RATE POSTS…RATES WILL BE POSTED IN SOME FORM OR FASHION AS THIS SCENARIO COMES TO FRUITION. ONE INNING AT A TIME. WE ARE GOOD TO GO.
4/20/2012 Poppy3 finally did get a call from a source…They…reported to me that yes there were TV address tonight and this afternoon about the rate change of the dinar and they were asking and telling the iraq public to exchange their USD’S FOR Dinar and that the dinar would be more valuable and give them more purchase power. It is still very possible but I am afraid that they may have mis interpredid what the TV announcement was. I promise to have some facts tomorrow by 2pm . If it was real we will get the facts by then.
4/20/2012 Okie_Oil_Man IRAQ HAD AN IN COUNTRY R/V TODAY [THURSDAY]…THERE WERE FAR MORE THAN ME INVOLVED IN GETTING INTEL OUT OF THE SAND BOX…FORGET MALIKI OR ANYTHING COMING OUT OF IRAQ—–IT IS WAY PAST THAT STAGE NOW…THE RATE FURNISHED BY SOURCES NEARLY BLEW ME OUT OF THE SADDLE…CASH IN TIME MAY BE LIMITED INITIALLY–BUT THE INTERMEDIATE RATE AND THE LOWEST RATE TO FOLLOW IS MORE THAN YOU’LL EVER SPEND…TOMMOROW [FRIDAY] IS SUPPOSED TO ANSWER YOUR QUESTIONS ACCORDING TO INFORMANTS AND SOURCES ON BOTH SIDE OF THE POND.