Iraqi Dinar Guru opinions 11-21-13
Iraqi Dinar Guru opinions 11-21-13
11-21-2013 Intel Guru TD So Where are we REALLY? Just check the CBI website and that pretty much says it all. Keep in mind, no one can stop something that hasn’t even started. What is going on is political posturing by mainly M [Maliki] supporters to release at the best time to get the most bang for your buck which is re-election. And that schedule is spring of next year. It is primarily M’s backers who are holding up revisions of bills and additional laws passed & implemented. They feel timing before election time ( no one knows or has decided exactly which month as of yet) will yield a return to their cozy seats.
11-21-2013 Intel Guru TD Being at an impasse, Parliament is now on vacation till mid December and unlikely to do much rest of December either. There is progress in works at the GOI level building upon nation alliances, contracts being signed, etc. Several times now my source indicates that some great articles/news to come out at November’s end and I’m not privy to much additional details.
11-21-2013 PUMPER Guru EXOGEN PER DIRECT CONVERSATION…WITH CONTACT…EVERYTHING IN IRAQ IS COMPLETED, AND NOTHING REMAINS BUT THE RELEASE OF THE 1-800 NUMBERS. NEW SECURITY CONCERNS AND SOLUTIONS PRESENTLY BEING DISCUSSED IN REFERENCE TO EVENTS THAT TOOK PLACE IN 2 STATES AT BANKS.
11-21-2013 SUPER PUMPER Guru Okie_Oil_Man [800 numbers coming soon?] HOURS AWAY IS THE NEXT OPPORTUNITY FORGOING ANY MORE INCIDENTS…PERHAPS I SHOULD HAVE ELABORATED MORE—THE UST HAS RELEASED THE R/V TO THE BANKS—IT IS IN THEIR DISCRETION AS WHEN TO SAY AS BOB BARKER USED TO SAY—-“””COME ON DOWN”””. THE UST WILL INFORM DEALERS WHEN TO EITHER STOP SELLING OR RAISE THEIR PRICE TO REFLECT THE NEW VALUE.
Guru Critic, There are no reports or documentation to support the theory that the “RV” has been released to ANY bank. I guess Okie is now saying that the “RV” is in the banks hands to role out. All banks want to make the “spread” on this exchange, so it stands to reason that they would move on this immediately if it was even possible, which in my opinion it is not.
11-21-2013 SUPER PUMPER Guru Okie_Oil_Man HERE IS SOMETHING TO KEEP IN YOUR MIND–THE RATE WILL NOT BE A CONSTANT FACTOR–IT WILL VARY SOME NEARLY ON A DAILY BASIS. NOW–SOMETHING ELSE–TRY TO GET YOUR APPOINTMENT AS SOON AS POSSIBLE TO PRECLUDE A DECLINE IN RATE–THERE WILL BE A VARIANCE.
Guru Critic, From what I have been told and learned through out this whole process is that the rates of any currency cannot have massive changes or it would disrupt every day prices and purchases.
11-21-2013 Newshound Guru Millionday UN security council meeting: The title of the report “Add DFI funds to raise the cash reserve value of the dinar” the addition of dfi to raise the value of the dinar and place them under international law. the UN has told the US that they need to arrange the return of iraq`s money right away.
Guru Critic, If you will remember, the GOI asked America and the UN to “protect” the DFI funds for an additional year. If I recall correctly, it will be “protected” or held until mid 2014.
11-21-2013 SUPER PUMPER Guru Loechin OK guys here is what I know…there were groups of people in NY and it caused some real concern. However, I can tell you we are OK and what I’m told is that everything that was held off is OK now. The Banks are nervous and when this happened today, they don’t want things to get crazy. Remember the public has no idea about this. [do you think they will be another hold up?] no.
Guru Critic, Almost everyone has heard about the Iraqi dinar, it is certainly no secret. This was reported years ago on CNBC by Jim Cramer and others.
11-21-2013 Intel/Newshound Guru Poppy3 IT MAY FLOAT BUT NEVER FROM WHERE IT IS NOW. IT WILL BE ALLOWED TO FLOAT FROM A MUCH HIGHER RATE THAN THAT…IF AND WHEN IT WOULD BE ALLOWED TO FLOAT THEN IT CAN FLOAT AT 2% EVERY 30 DAYS UP OR DOWN. THE CBI STATED A FLAT RATE WAS WHAT THEY WANTED. THE STARTING RATE HAS BEEN SPECULATIVE BUT IN ALL OFFICIAL DOCUMENTATION I HAVE EVER SEEN IT HAS ALWAYS BEEN $3.22 TO $3.86 AND ALSO BEEN STATED MANY TIME CLOSE TO KUWAIT. TIME WILL TELL.
Guru Critic, Just to remind everyone, The MOP (Ministry Of Planning) did several feasibility studies and concluded that they could sustain a rate of $1.134, and that came from an official document. That document is posted on this site, here is the link: https://iraqidinarchat.net/?p=17610
11-20-2013 SUPER PUMPER Guru Okie_Oil_Man TODAY WE WERE INFORMED OF RECEIVING OUR 800 NUMBERS FOR OUR APPOINTMENTS. THE REASON WE HAVEN’T RECEIVED IT IS BECAUSE OF THE FOLLOWING. MY SOURCE JUST INFORMED ME THE UST HAD ALREADY GIVEN PERMISSION TO THE BANK’S TO ACTIVATE THE PROCESS AND FOR A VERY SHORT WINDOW THIS MORNING AND AT THEIR SOLE DISCRETION, THEY DID SO.
11-20-2013 SUPER PUMPER Guru Okie_Oil_Man AS IT HAPPENED IN 3 LARGE EAST COAST BANKS THERE WERE LITTERALLY BUS LOAD’S RUSHING THE BANK’S. THE BANKS BECAUSE OF FEAR AND SECURITY ISSUES PASSED THE SITUATION AS IT TRANSPIRED TO THE UST AND REFUSED TO ACTIVATE THE R/V. NOW THAT SHOULD BE WARNING ENOUGH TO ALL OF US THAT THE RUSH TO THE BANK WILL HOLD UP THE PROCESS FOR US ALL.
11-20-2013 SUPER PUMPER Guru Okie_Oil_man PLEASE WAIT UNTIL YOUR APPOINTMENT AND THEN CASH IN YOUR CURRENCY (EXCHANGE I SHOULD HAVE SAID). I AM BEING TOLD OF A NEW TIME LINE ONLY HOURS AWAY. STAY AWAY FROM THE BANKS UNTIL YOUR APPOINTMENT…PLEASE HEED THIS ADVICE, IT IS PROBABLY SOME OF THE BEST ADVICE YOU WILL EVER RECEIVE.
Guru Critic, there have been no news reports that anything like that occurred. Banks will welcome your business even if you have to stand in line for awhile or wait for your appointment. They exchange many different currencies on a daily basis.
11-20-2013 SUPER PUMPER Guru Loechin IT’S OVER I TELL YOU… So TODAY, yes TODAY, Chase Bank was told that this is the day the release is scheduled for, and yes it has been confirmed several times, and yes that’s at the LOCAL level Chase Banks. Is it going to happen today, well I am hearing that tonight they have plans to roll this baby out.
11-20-2013 SUPER PUMPER Guru Loechin So as of right now we are on alert knowing that all is done, completed, etc… Rates are stinking high on the IQN, and the VNN. So when the 800 numbers hit call and make your appointment and OBEY the rules. As of right now we are excited more then ever and wait for the email from the Banks.
Guru Critic, I have been a customer of Chase bank for many years now and they deny everything Loechin has stated. As you can all confirm, there has been no RV.
11-20-2013 Newshound Guru Kaperoni A quick update as to where we are…The CBI is trying to implement a few new monetary measures that will help them conform to the IMF Article IV requirements. Namely the 2% spread from Official Rate to Market Rate. These measures include new Auction pricing effective Dec 1st, 2013 and CBI bond sales which hopefully will begin to sell in December. Meeting the requirements prior to any monetary change is a must. So we must wait and see the results of these efforts before we can tell if they will be able to transition out of IMF Article XIV to Article VIII or not.
11-20-2013 Newshound Guru Kaperoni Politically, some members in parliament do not think the CBI can accomplish all preparations in time for a early 2014 start to the process to raise the value of the dinar. And others think the CBI can, if they try. This is what we are seeing with the recent articles for and against this process. The GOI and CoM also play a part. So at this point, nothing is for sure. And this subject is heavily contested back and forth.
11-20-2013 Newshound Guru Kaperoni Parliament is on vacation. They plan to return December 15th. Many laws sit idle that will help perpetuate the economy forward. We believe at least some of these need to be passed prior to any monetary change. No RV has taken plan [place?], no change in value, nothing has occurred. The dinar is still 1166: $1.
11-20-2013 Newshound Guru Adam Montana Another day, another dinar that’s still a dinar and not a dollar. There’s a quiet lull in the air at this time, with not a lot going on… Parliament is quiet, not a peep about the HCL lately, and still no news on the WTO…hopefully it’s the “calm before the storm” …the plain facts are: There’s nothing to report this week. One thing I do know for certain, however… the Iraqi people aren’t just going to throw up their hands and walk away from all of the hard work and progress that is more and more part of their every day lives. Even though things are quiet right now, do not make the mistake of underestimating their intentions!
11-20-2013 SUPER PUMPER Guru TNT Tony Everything from last night still stands. This morning at 7:00 PST the system was live, then it went down. They are going through the final checks and the 800 #’s will be released sometime this evening. Every green light is on and every agency here and overseas says it is done. The banks can see the rates again and they are on hold waiting for it to be released. We should be going to the banks later today/tomorrow. TODAY IS OUR DAY!!
11-20-2013 SUPER PUMPER Guru TNT Tony They are happy in iraq, the money is on their cards at $3.44, some $3.89. It’s live and it will be put out in the mosques on how the new currency works. Don’t look for announcements. We are just waiting. It’s live approved and activated at every level. No new rates, they are the same as last time. The rates on the IQN and VNN are for a short period of time, shorter than we thought.
11-20-2013 SUPER PUMPER Guru TNT Tony Your professional team, your CPA’s, counselors, accountants will all need to sign NDA’s. They know that movies and books are in the works and they want you to understand that they are serious. Currency exchangers/dealers will have competitive rates and you will have to sign an NDA with them also. Cash center people are there. Call center people are on call at this moment. It’s all a go. We should get the 800 #’s this afternoon for us to got to the banks later today/tomorrow.
Guru Critic, Once again, a false alarm as has been stated on a daily basis.
11-20-2013 PUMPER Guru Okie_Oil_Man WE ARE AWAITING ON THE RELEASE OF THE 800 NUMBERS—THATS IT—THATS ALL—THEY CAN APPEAR ANYTIME NOW—NUFF SAID!!!
11-20-2013 Intel Guru Delta [via refinisher] On the CBI web site, the Arabic one (not English) the CBI has implemented a new policy that the banks in Iraq must be within 2% on all profit margins dealing with currency exchange. BASICALLY it means anyone selling their dollars to the bank for dinars would not get “fleeced”…why would they want to sell their dollars? because once Iraq gets put in to article 8 by the IMF, Iraq can only have 1 currency, (Dinar), article 8 means their currency is international!!! this new policy starts DEC 1st and JMO, after DEC 1st…Iraq feel free to raise the value if you like!!!