Iraqi Dinar Guru opinions 10-28
Iraqi Dinar Guru opinions 10-28
10-28-2013 Newshound Guru Doc We are closing out October with much the same status as we started. The news has focused on some progress specifically passage of the Economic Reform Law by the CoM. This is indeed great to see. We still must exercise patience in that it is not law as of now. It still must go through parliament which we believe will not addressed until December. The HCL has been in the news but again most likely will not be addressed until December. With this the key infrastructure will not be in place “at any moment” and therefore our opinion remains that currency reform will not occur in the short term. These laws are not official until you see them in the Gazette period.
10-28-2013 Newshound Guru Doc We are also encouraged by the recent visits of Maliki and such to various governments especially the USA. Before we go further we must say here that Maliki does not need an RV for this visit. We have to remember just a few short months ago the US was publicly denouncing support for Maliki. We believe this to be due to his friendliness with Iran and his dragging his feet around implementation of the Strategic Framework agreement. We have to also remember he is running for reelection and needs all the friends he can get. His visit to the US is simply to give a status report around implementation of the framework and to get reassurance of US support going forward. However, this we believe is very good. It should help accelerate the timeline toward currency reform. With the election in April we are hopeful the initial float will have begun before then.
10-28-2013 Newshound Guru Doc When considering the date and rate one must keep the overall goal in mind. First the goal is for a stable currency over the long term. Secondly it needs to be fundamentally strong. The first goal is accomplished by having infrastructure laws in place and functioning. They include those dealing with banking, tariffs, investment, etc. They include the Economic Reform Act and HCl. Without these any currency reform would fail. Secondly, to be strong, it must be implemented within proven macroeconomic principles. This is why the rumored high rates are preposterous. They would destroy Iraq economically.
10-28-2013 Newshound Guru Doc This is why it is most probable reform will come in the form of some type of float to allow the currency to appreciate as the economic output of the country increases over time. We do not rule out some type of RV first but anticipate it to be in the order of a few cents or 10s of cents and not $3+ or higher. Overall progress continues. The rumored high rates and immediate implementation are false. There is no credible public or private sources to support it. Supported information indicates late this year into next year at the earliest. However, things are progressing forward. We report, you decide.
Guru Critic, thanks Doc for your honesty and straight forwardness. I don’t understand these pumper guru’s rates either, nice to read something from a straight shooter.
10-28-2013 Newshound Guru tim724 The question has always been, why hasn’t Iraq RV’d their currency? After much thought I have formed an opinion…The answer is so simple…In order for Iraq to fully deal in their own currency they have to be electronically linked both in country and throughout the world! Electronic Banking is absolutely necessary for Iraq to progress forward. How can the CBI raise the value of their currency without accountability?
10-28-2013 Newshound Guru tim724 Iraq is just now getting this system in place. They must be linked with their customs and when the tariffs are fully implemented they must be linked to the CBI, again for ACCOUNTABILITY! Remember Dr. Shabibi said he needed stability and security in order to make the change? Well imo security means this: A secure system that enables full accounting of ALL monetary transactions within the country as well as international transactions ! The stability falls within this same premise, a secure system that eliminates fraud, waste and corruption…Governor Turki has said they are making great progress with it. I just don’t see how the CBI can do an increase without this system in place.
Guru Critic, We have been stating that reason for years now!!! Geeze, what a revelation! Why do you think we post all the info on the banks and their intentions to link with banks across the globe!!
10-28-2013 PUMPER Guru Loechin As I have said in times past a certain someone was getting dealt with. I am amazed still at the way people want to control things who have no control. If all goes according to plan then we will be in the banks this week sometime. As of right now the ceiling rate if you dare is set again but watch out for the traps.
10-28-2013 Intel Guru Delta THE TRADE AND INVESTMENT FRAMEWORK AGREEMENT BETWEEN US AND IRAQ (TIFA) WAS APPROVED BY IRAQI PARLIAMENT ON 12/2012. BUT IT WAS NOT PUBLISHED ON THE GAZETTE UNTIL 10/26/2013. SO THEY HAD TO WAIT ABOUT 10 MONTH TO PUBLISH IT. SO NOW AS OF 10/26/2013 THIS LAW IS IN EFFECT. WE ARE EXPECTING THE GOV OF CBI “TURKI” TO GET BACK TO IRAQ TODAY. IT’S A HIGH POSSIBILITY THAT WE SHOULD SEE SOME KIND OF ANNOUNCEMENT THIS WEEK.
10-28-2013 PUMPER Guru Okie_Oil_Man [Do you feel that Nov 1st is our date for this blessing?] IT APPEARS BEFORE THAT DATE. [with all the double digit talk and now single digits again for the iqn…what is your opinion as to what we can expect for rates on the iqn and vnn] THE ONLY SURE WAY IS WHEN YOU GO TO THE BANK—THERE A LOT OF CONFUSING RATES BEING PUBLISHED (SOME ARE TRUE THOUGH).
Guru Critic, As we have stated many times, there is NO IQN or VNN, that was all made up by some of these pumper idiots!
10-28-2013 PUMPER Guru Okie_Oil_Man [Are the call in centers or cash out centers manned?] MY UNDERSTANDING IS THERE ON CONSTANT CALL FOR IMMEDIATE ACTION. [Do you feel that Monday is our day for the release of our blessing?] THIS COMING WEEK HOLDS GREAT PROMISE.
10-27-2013 Intel Guru TD …what I reported last week about still “much work to do “, continues to be the realistic status quo. I would HIGHLY recommend you read in detail MILLIONDAY’s latest posts…The current reality is that in terms of financial settlements through credit cards, mobile phones, Internet & ATM banking, the average Iraqi is clueless.
10-27-2013 Intel Guru TD CONCLUSION: We all hope for tomorrow’s trip to the bank to C/E. And as I reported lately there is still a camp of GOI people who want introduction of a new currency rate sooner rather than later BUT it would be certainly be just a hybrid of today’s current rate of 1166. The other group, which is now spearheaded by renown & respected economists want rollout of the Economic Reform Law (programs & policies) to take foot hold in the economy in order to introduce a stronger IQD and THIS will take still quite some time. I’m told that this approach is now the unanimous road they will take.
10-27-2013 PUMPER Guru Okie_Oil_Man TODAY MAY BE THE PRECURSOR OF OUR DREAMS. IT IS MY UNDERSTANDING DIRECTLY FROM A SPECIFIC MIDDLE EAST COUNTRY THAT AS OF NOV 1ST THE 25K-10K-5K-AND 1K WILL NOT BE SOLD AFTER THAT DATE. THIS INDICATES TO ME THE LOWER DENOMS WILL OUT OF NECESSITY HAVE TO BE EITHER IN CIRCULATION OR AT LEAST PLACED IN CIRCULATION. IN OTHER WORDS–NOV 1ST SHOULD (SHOULD) BE THE VERY BACK WALL FOR THE REDEMPTION OF OUR DINAR WE HOLD.
10-27-2013 PUMPER Guru Okie_Oil_Man WE RECENTLY LEARNED OF THE COMPLIANCE OF ARTICLE 8 MANDATES BEING ADHERED TOO. AS I HAVE SAID BEFORE IRAQ HAS NOTHING TO DO WITH THE R/V AND IT WAS PLACED DIRECTLY IN THE IMF’S HANDS MANY MONTHS AGO. THE LATEST DELAY WAS MAN-MADE IN THE USA BUT THE PROBLEM WAS SOLVED. WITHOUT GOING INTO DETAIL REALIZE WE ARE IN THE BEST POSITION WE HAVE EVER BEEN IN—-SHOULD BE A VERY PRODUCTIVE WEEK FOR ALL INVOLVED.
Guru Critic, you are very WRONG AGAIN Okie, get your info straight or at least educate yourself so you don’t come across as such a dumba**!!
10-27-2013 SUPER PUMPER Guru TNT Tony Everything is back on track and progressing forward. We are just waiting for a new timeline [in reference to bank personnel and when they would return to the centers.] We should know either later tonite or tomorrow morning. The back wall is still November 1st.
Guru Critic, I thought we were cashing in today…Monday, you said 100%!!! LMAO! And the excuses are sure to follow!!
10-27-2013 Intel Guru BobGetz6 It appears to me that we are here. From what I am seeing and hearing…the things going on behind the scenes say, “IT IS DONE.” I could be wrong, but based on my trusted few; it feels as if we are there. However, we have been here before.
10-27-2013 Newshound Guru Millionday Report quote: “Economic expert, Dr. Majid Mohamed Hassan said…that the natural resources in the country is very large, as oil accounts for a third reserves in the region , as well as gas reserves , oil and seed ranked 12 in the world…noted that a report published newspaper “The Wall Street Journal,” the U.S. noted that Iraq class ranked ninth among the most of natural resources in the world.” huge to be listed in such a high rank when they have been in such war torn state for so long but they are referring to what they actually have in natural resources so the value here is going to soar — there is just no other way to put it really — this report is absolutely fantastic — i love the fact that we are invested in the country they are referring to here.
10-26-2013 SUPER PUMPER Guru TNT Tony Yesterday was a GREAT day. All told they would be paid at all levels in DC. Late last night they were still saying it would happen. We were told it was a green light from all agencies & banks. They were told yesterday folks would be in the bank. It was scheduled to go live 3, 4 times. All that was needed was the activation and trying to pick the right time to do it.
10-26-2013 SUPER PUMPER Guru TNT Tony What they did not know is we had made a major mistake. It wasn’t smooth or the way they wanted. So they changed the script and there are still somethings I can’t tell you guys. It should be concluded sometime today for RV tomorrow and at the banks Monday a.m. I don’t think we will see it today. It wasn’t us that delayed it this time but we got the benefit of a higher rate. I will not give out actual rate, but it is over $30.
Guru Critic, Quit lying to everyone!