Iraqi Dinar Guru opinions 1-26-14
Iraqi Dinar Guru opinions 1-26-14
1-26-2014 Newshound Guru tlm724 Article “Central Bank decides “SEC gold bullion” to sell investors and segments of society” sweet! revealing their monetary policy instruments…this diversification is part of the requirements of the IMF also, they have had liquidity in the past years with their high reserves but the IMF wants them to have other sources, this is a very positive sign of the CBI following international recommendations. unencumbered high-quality liquid assets, thats the gold…the CBI is working on their Basel III compliance. *hallelujah*
1-26-2014 Newshound Guru Enorrste Report: “The value of the Iraqi currency and structural economic imbalances” Iraq has, for 10 years, been in a “fixed rate regime.” Definition of ‘Fixed Exchange Rate: A country’s exchange rate regime under which the government or central bank ties the official exchange rate to another country’s currency (or the price of gold). The purpose of a fixed exchange rate system is to maintain a country’s currency value within a very narrow band. Also known as pegged exchange rate. The rate has been “fixed” at 1166 dinars per dollar (the “other currency”) for many years now.
1-26-2014 Newshound Guru Enorrste Definition of Floating Exchange Rate: A country’s exchange rate regime where its currency is set by the foreign-exchange market through supply and demand for that particular currency relative to other currencies. Thus, floating exchange rates change freely and are determined by trading in the forex market. This is in contrast to a “fixed exchange rate” regime.
1-26-2014 Newshound Guru Enorrste What is most encouraging about this article, to me, is that it clearly states that the plan is in process…that the plan includes a move from a fixed rate regime to a flexible rate regime (i.e., no RV), and that there do not seem to be too many hurdles left to jump over prior to the “release date.”.
1-26-2014 Newshound Guru tlm724 Article quote: “mechanisms advancement sector money where we meet the goal of reaching formula to contribute to the activation of the private sector and dealing with legislation that hinder the advancement of all his joints” they are trying to get the laws right to enhance the private sector ie: private banks as the meeting will be organized during the next month, deals with attempts to enter Iraq to the World Trade Organization…the push in on, they are in the final turn! Iraq has a great chance of getting in, I actually have no doubts about it, they said last month the were doing the final negations.
1-25-2014 Newshound Guru Millionday Article quote: “In the view of economists that the entry to the World Gold Iraq is a positive case for the revitalization of the gold market deal in Iraq” [Do you believe Iraq has to be article 8 compliant to sell gold?] global market is always a good thing and also this announcement from the cbi shows that they are financially staging to enter the market. globally they need to have their rate at a reality rate so they enter the market with stability. [so in order to enter the market they must have a reality rate. does reality mean a rate better than 1166?] yes — it is the calculation of what the price of their currency is actually worth.
1-25-2014 Newshound Guru Millionday we have seen the oil /energy meeting this saturday [today]…and also with their announcement that they are headed to the export market — its all progress. i would say if parliament is there we should expect najafi there as well following his meeting here and the end of the economic summit is tomorrow as well. i have always said we will see alot at once and it looks like we are seeing alot — timing is everything with this event.
1-25-2014 Newshound/Intel Guru BGG we got word – direct from a respected ME author – he expects them to show up with a Budget in hand to be debated in Parliament on Tuesday… which is good if it finally got past the CoM (the real bottle-neck). also of note – the CBI is much farther down the road to actually selling Gold than we have been led to believe. Gold is much easier to mint (than paper) and it is it’s own international standard. They CoM won’t be skittish about “selling into deficits” anymore. the good news. – they are “going long” on their own currency – in this case. the bad – no clue what our time-line looks like… but it’s GOOD!!
1-25-2014 Newshound Guru Millionday they announced on cnbc that some currencies were changing in value this weekend. they have not given the whole list… i believe they mentioned Argentina and a few more. i think i would love if they would include Iraq — we dont know at this point and they have made it a very bland announcement with out much exact info with it. [They don’t normally announce currency changes do they?] i was shocked by it and normally they dont ahead of time for the market. they do announce them on the UN operational rates ahead of time a couple days — but the market is closed so over the weekend would not allow a run on the market — very interesting.