Iraqi Dinar Guru opinions 1-25-14
Iraqi Dinar Guru opinions 1-25-14
1-25-2014 Newshound Guru Kaperoni Article: “Indicated the presence of approximately 35 trillion dinars in circulation in the financial markets attribute the reason for the postponement of parliamentary delete zeros to the difficulty of controlling the currency” [“My question is how can a war torn country with 35 trillion dinar in circulation possibly see a value of 1-1…When all other countries have less than 4 trillion in circulation?”] The answer to your question is they cannot…unless they have a plan to collect or reduce it. And the CBI has said on several occasions…”they will gradually raise the value down to the day they begin to replace the currency.” An argument could be made that at the same time or before, they will remove these larger notes. If so, then a gradual appreciation of the value is possible. That is why only a float make sense at this point. No overnight RV could or will occur. You can find several articles or documents…to support this. Including the IMF themselves.
1-25-2014 Newshound/Intel Guru BGG [do you think a note is a note and they all represent the value of the dinar, just times the face number of the note?] a note is a note – it represents how many dinar. The value of each Dinar is set by the CBI.
1-25-2014 Newshound Guru Tlar Article: “Indicated the presence of approximately 35 trillion dinars in circulation in the financial markets attribute the reason for the postponement of parliamentary delete zeros to the difficulty of controlling the currency” The CBI deputy, Saleh, had stated that they had 35 trillion dinars out at the beginning of 2012 of which 4 trillion were in circulation in Iraq. The rest were in Syria and Iran and held in investors hands and Government Central Banks, both in the middle east and around the world. We know that the CBI has made an intense effort to repatriate dinars from Syria and Iran and else where assisted by UN sanctions. They have repatriated trillions and trillions of dinar through the auctions. This is a number that no one outside of the CBI has true knowledge of and most articles repeat the stock number (35 trillion dinars out) because the CBI has not let the true numbers out since the beginning of 2012.
1-24-2014 Newshound Guru Enorrste The CBI is on record that they are not yet ready to act due largely to the “political situation” as opposed to preparations that they themselves might still need to make. This leads me to believe that, in their view, enough legislation has been passed to smooth the wheels for a switch to a free float, but that the security situation is now a hangup. One thing we have never quite uncovered is this: how would moving to a free float affect Al Quaeda? If it would be to their benefit, then a delay is understandable and justifiable from both Maliki’s and the CBI’s point of view. If, on the other hand, that is not a major concern (that Al Quaeda might benefit, or not), then the “security situation” excuse from the CBI appears to be more a “talking point” from the Maliki administration than an actual reason for the delay.
1-24-2014 Newshound Guru Kaperoni Iraq is a member of the IMF therefore they must adhere to the requirements and guidelines under the IMF. Any country that wishes to change currencies must honor the current currency for a period of a minimum of 12 months under the IMF Charter. The CBI has already stated two years at the commercial banks and institutional banks for 10 years.
1-24-2014 Intel Guru Fisherman1 (new guru) We are finally at the end of the rainbow. I have studied countless hours over the past 2 weeks and a lot of Great things have been happening . I have made numerous phone calls and here are my findings. The money is all in place in the United States to make this happen. All 5 of the major banks will be able to cash you out when the Forex releases the rates and it will all go live simultaneously for the world to see. There has been a Davos Summit going on this week and concludes on Sunday. The theme of the Summit is to release this currency revalue and the GCR.
Guru Critic, Many of the very “educated and knowledgeable” gurus have been studying this for over 10 years now, I would trust their assessment long before some newbie that has been looking at this for a couple of weeks. BTW, the exchange will be in “electronic” numbers, not all in physical “cash”. No one would know what type of reserves that banks have anyway, As has been debunked long ago, there will be NO Global Currency Reset, (GCR).
1-24-2014 Intel Guru Fisherman1 The stock market was always supposed to take a hit because of the speculation of currency revaluation over this weekend and it has had a loss yesterday and lost 300 points today. This drop in the market is because this is the actual weekend that many currencies will revalue and it has shocked the market because of all the talk that is going around the world about the GCR. The banks will be able to cash everyone out and you will have many more options of exchanging than you think you do. The rates are going to be OK and everyone will be very happy with the total outcome. You will be able to negotiate bank fees but not rates. There has been a plan all along when this was going to happen.
Guru Critic, Experts have been stating for a long time now that the stock market is seriously overvalued and that a correction was imminent, that in conjunction with the Fed Reserve spending 85 billion per month to support the markets falsely inflated the value of the markets. (QE1, QE2, and QE3, Quantitative Easing). It stands to reason that there will likely be a RISE in the markets as dinar holders place large sums of money into the markets if there is a substantial “RV”.
1-24-2014 Intel Guru Frank26 IMO, it is now time I declared my strong opinion of the rate. I also believe DELTA and NOVA and possibly even E1 [Eagle1] will agree with me. I am of the school that believes the CBI will do exactly what they have been claiming and doing. They will lift the 000’s not only from the currency in a physical manner but also from their exchange rate. I strongly believe that when the CBI releases the program rate of 1166 it will be replaced with a 1:1 against the USD. Within a given year I expect this rate to throttle up because the world will finally be allowed to not just buy the dinar but use it…with a greater value than it is now.
1-24-2014 Newshound/Intel Guru BGG This IIER [Iraqi Institute for Economic Reform] report reads like a check list…much of which is done – except the last point…CURRENCY REFORM / removing (deleting) the 3 zero’s (big notes). Which = value. I also pointed out – though they are getting these items done – it has the feel of kids being told to clean their room. They are doing it – but not because they want to…because they HAVE TO!! All JMHO
1-24-2014 Newshound Guru Millionday the thing with the banking act is this…the parliament has demanded the banking act in a hurry to be in fornt of them so they can pass and put into effect the amendments that are complete — i was reading … kAPS [Kaperoni] info and i have seen the many great things he was referring to in ink as well — the banking act requested or as they put it, has been demanding to be put before parliament — so that is how great the info is that he brought and how great our position is.
1-24-2014 Newshound Guru Millionday also the timing of the laws in front of parliament on tuesday make perfect sense with the summit and then the banking conference — so the announcement to all citizens that barzani and maliki by maliki have reached an agreement that the 5$ is coming — was a shocker but shows once again the hurry they seem to be showing.
1-24-2014 Newshound Guru Kaperoni the IIER…Iraqi Institute for Economic Reform…were commissioned to create a plan. An action plan was created…they wrote a report… The report, looks at the history of the dinar, the methods of monetary policy and then recommends a plan of action of sorts. So the reality is, this is the driving wheel but in the end, it comes down to the GOI, CBI, etc. implementing these recommendations etc.
1-24-2014 Newshound Guru Kaperoni the last one [recommendation] on the list: Can issue a new currency or deletion of zeros from the current currency to have a positive psychological effects on the local currency dealers. …the GOI, CBI is following these recommendations and…most if not all are done, a few remain. we can say with relative certainty that we are close to the last recommendation which is the currency reform.
Guru Critic, To put some “pumper guru’s claims” into perspective: It has been estimated that there are about 5 to 7 Trillion Iraqi Dinars being held by Americans, having said that, lets look at some of the rates being stated by these same guru’s. At a ridiculous $30+ dollar rate it would take about 150 Trillion to 210 Trillion dollars to “cash out” at that rate assuming the amount in America is accurate. That is about 8 to 11 times the amount of U.S. deficit, do you think that any country on the planet could rebound from such a huge debt? Just something to ponder when hearing rates like this being stated. We will all be beyond fortunate to get $1 dollar, much less $3 or more. These figures do not even take into account the many other countries that are holding dinar, one thing is for sure, Iraq could never sustain this kind debt. Lets keep our fingers and toes crossed for just $1 dollar, I along with many other educated people would be ecstatic to get a buck.