Iraqi Dinar Guru opinions 11-5-2013
Iraqi Dinar Guru opinions 11-5-2013
11-5-2013 Newshound Guru Millionday Article quote: “the UN welcomes the agreement reached by political blocs to pass the Election Law and that voting on the Law is a victory for all political blocs” the date has been set for the elections and they will go on — but they finally met in the middle and dont have to just go with the vote — they all agree and that is what the UN is so happy about — true democracy at its best.
11-5-2013 Pumper Guru Loechin Maybe a count down to an RV is on. [I wish the IMF would just step in already.] They have already taken it over. [So it really could happen anytime now. Correct?] yes. They have extended a time line to M [Maliki] to save face like they did with O [Obama]. [Are we waiting on Maliki to make the “right” speech?] Either he does or it will be done for him this time.
11-5-2013 Pumper Guru Loechin Ok, O and M met with B [G.W. Bush?]. CL said a month ago do this now or it will be done for you to M. His time was last week and he didn’t so now it will be done by M or for M and we don’t need a speech from M. I don’t know when the speech will be or who will make it. The Iraq people deserve it however. [Are there certain times that Iraq usually makes these announcements?] In Mosque most of the time. [if IMF have taken over will the rate be low then?] Not as of right now…the rates are out the roof and will stay there. I didn’t give a timeline but it can go any moment.
11-5-2013 Intel Guru Frank26 [Would someone please tell me what our new time frame is?] look from November 1 to May 14…and not fall for the sucker rate but hold out for the better rate to come…in his heart of hearts he believes it will be in 2013.
11-5-2013 Intel/Newshound Guru Poppy3 …there will be zero float. They may in one circumstance and one only come out with a lower rate than the 3.00 plus value they will reach. But if they come with a lower rate than that they will only stay there till after the election. it will then rise to the $3.00 plus rate. There again will be no float from 1166 or any rate below a rate that will clear the streets and build confidence in their own currency over the USD.
11-5-2013 Intel/Newshound Guru Poppy3 NOW DON’T ADD WORDS TO THIS POST, TAKE IT AS IT IS. I HAVE NOT SAID IT WILL COME OUT LOW. I STATED THERE IS ONE SCENARIO THEY COULD USE THAT THEY WOULD NEED TO COME OUT UNDER THE NORMAL VALUED RATE. THE WAIT IS TUFF AND…I KNOW FOR FACT WE ARE VERY CLOSE.
11-5-2013 Newshound Guru Stryker [WHY IN YOUR OPINION WOULD IRAQ NOT JUST DROP THE ZEROS FROM THE END OF THE BILLS. THIS WOULD PROVIDE A MODEST INCREASE IN VALUE TO THEIR PEOPLE, GO 1:1 WITH THE DOLLAR THEN FLOAT. THIS WOULD SAVE THEM BILLIONS. OURS WOULD BE WORTH $25.00’S.] They could very well do that but they have the resources to RV first and then go to a managed float too. BTW, it would not increase the value modestly, what you’re referring to is a neutral event for their people.
11-5-2013 Newshound Guru Stryker There has been hundreds of article over the years that state they want to increase the purchasing power significantly, not modestly. No one knows exactly what will be their program but I believe through my research that they want a asset back currency like it is now but they will add their proven reserves (per the IMF gaud lines) to their hard currency reserves, which will increase the value of the dinar prior to them redenominating into lower banknotes.
11-4-2013 SUPER PUMPER Guru TNT Tony [via a scape goat] There was a lot of misinformation out there about Maliki and the meetings. He was over here and some agreements were made. Some last minute requirements were made on both sides. At 12:02 AM EST last night Maliki made a speech and announced to his people about their currency, that they’d be the strongest in the region, etc. but he didn’t say what he was supposed to say and that’s why we didn’t have an RV today. [What is this guy in Iraq supposed to do in order for them to go forward?] Just make an announcement like he did at 12:02 AM EST, but make it in a different way. Let’s just say he has to make an announcement.
11-4-2013 SUPER PUMPER Guru TNT Tony Supposedly right now, today, the 800#s were supposed to come out after 2PM. Nothing is saying it can’t happen later tonight. The required personnel are in position right now and it can go anytime. I haven’t given up for tonight or tomorrow. Bank personnel go back to their old jobs tomorrow, so hopefully this one is it. If not, it’s still a good week and it should be sooner rather than later.
11-4-2013 SUPER PUMPER Guru TNT Tony There’s nothing that has to be done – not the rates, not the banks, etc. It’s all political at the last minute. I didn’t read the article about the election laws, but it doesn’t matter. It doesn’t matter to us either way. The rates…$36.86 (IQN), over $6 (VNN), $1.08 and .22 (ZIM). IQD actually went from $32 to $36 which was the ceiling the rate…I don’t know if it comes out at $36 what the new ceiling is. Rates have gone up due to penalties for delays, etc. If I was you I’d still be happy and making my plans…it could be tonight, tomorrow or the night after.
Guru Critic, Sorry but those rates are impossible and absurd to even state. Now he is using the “IQN” symbol again…WOW! I would rather figure on a lower realistic rate and be presently surprised then to figure on those absurd rates thinking that I will be a millionaire from #1 25k note. It is just not going to happen like that.
11-4-2013 Intel/Newshound Guru Poppy3 ALL GOOD NEWS AND ALL POINT TO HELP WITH THE RV. MALIKI NEEDS THE RV TO HAVE HIS CITIZENS SUPPORT HIM IF HE IS ALLOWED TO RUN AGAIN …TO ME HE HAS NO OTHER ANSWER TO MAKE HIMSELF LOOK AS GOOD AS POSSIBLE TO HEAD OFF FURTHER TROUBLES. I THINK MALIKI HAS HELD THE RV TO USE WHEN HE COULD BEST BENEFIT HIS PERSONAL OR POLITICAL FUTURE.
11-4-2013 Newshound Guru Doc There is continued signs of progress. The election law appears to have passed a major hurdle. One article is quoted as “the House of Representatives to vote succeeded on all the paragraphs of the amended election law of $ 44 a paragraph in the session on Tuesday after the agreement described concerned to overcome the points of contention between the political blocs during a meeting of heads of political blocs with the presidency of the parliament.” Keep in mind that this will still need to go through 3 readings in Parliament before it is law but we find this as good news. Unfortunately we saw no real news about HCl.
11-4-2013 Newshound Guru Doc No less than 6 articles reported confirming information about the “rise in value” of the dinar. These reports can be paraphrased as “the rise in value of the dinar will occur as the economy improves over the next 2-3 years”. We truly wish the immediate $3+ rumors were correct but these articles along with private confirmations continue to suggest a natural rise or float. Again we have seen no creditable public or private information to change our opinion. In fact as time moves forward all the real information continues to confirm the float theory. The only real issue is when will the float regime begin. The answer most likely is when the infrastructure laws are in place. These key laws continue to be delayed in Parliament and in fact will not address these laws until the session beginning in December. We report, you decide.
11-4-2013 Intel Guru Delta URGENT FROM IRAQIA TV: IRAQI PARLIAMENT APPROVE THE ELECTION LAW. THE ELECTION WILL BE ON 4/2014.
11-4-2013 Pumper Guru Loechin As of right now we simply are waiting for Iraq to tell it and they deserve that right. As far as the rates…we are in the $30 plus range. I encourage you to stay in the game and see what happens in the next few days. I believe we are within several days of our event.
11-4-2013 Newshound Guru Administrator Bob This past weekend was filled with good articles supporting the transition to a free market economy. Today, Parliament passed the heavily contested Election Law.
11-4-2013 Newshound Guru Doc As predicted Nov 1 came and went with no fan fare. We warn all that you will see many rumors that the shorter than planned trip to the US by Maliki is due to him rushing back to Iraq with his tail between his legs to announce the RV. This true will prove false and, in general, our opinion holds that there will be no substantial currency move in the immediate term. We continue with our conclusion that the month of November will pass with no fan fare. Our conclusions continue to be based on the facts that there is no creditable public or private sources confirming an immediate RV and simply Iraq’s infrastructure is not completely in place to support currency reform for the long haul.
11-4-2013 Newshound Guru Doc The reason for Maliki’s short trip will only be know in due time. Our speculation is he did get his tail handed to him but most probably due to lack of progress in meeting timelines as related to the Strategic Framework Agreement and his friendliness toward Iran. As we have suggested over the years progress in Iraq is 2 steps forward, one step back. Unfortunately the one thing that is vividly glaring as too slow is political stability. Several articles pointed this out and directly blamed in on Maliki’s lack of support for implementing the power sharing arrangements he has at least publicly supported. We can speculate that Washington told him to meet his timelines and his obligations or the US will not support his presidency.