Iraqi Dinar Guru opinions 1-27-14
Iraqi Dinar Guru opinions 1-27-14
1-27-2014 Newshound Guru Tlar Certain investments sometime are not right for everyone…Iraq is sitting on an underground sea of oil and it has yet to have a viable currency. At some time they will. Iraq is a young country with lots of obvious problems. Everybody has been frustrated with this investment at one time or another… I no longer worry whether it is today but remain hopeful it is always just over the horizon because I know it will happen someday…
1-27-2014 Newshound Guru Tlar the Iraqi’s are building a country from scratch…Most Iraqi’s seem to be honestly working on trying to build and understand a democracy. They recently appear to actually be reading their constitution and some now are trying to stand on the principles written into that document. Iraq will get there and so will their currency. I know in reality this could take more years but my personal belief is it is ready to go…
1-27-2014 Newshound Guru Kaperoni Article: “Iraq International Conference and Exhibition 2014″ They spend lots of money putting on these events, its time to do what is expected…open the banking system. Unfortunately, Iraq is weeks, if not months away from getting the banking system where we want it. To much on the table…laws, IMF compliance, etc. IMO, Maliki will never give value to the dinar until the last minute before the elections. Any increase now would only help those who run against him.
1-27-2014 Newshound Guru Kaperoni The articles yesterday and today about the banking system clearly show they need to do more before they are ready. This Dubai event may seem promising and encouraging, but…nothing will happen until the laws are passed, the reforms are done, and the CBI is in compliance. Were talking weeks or even months..my prediction is now April or later. Sorry.
Guru Critic, I don’t know why anyone would be surprised by the “new guesses” of some of the guru’s moving their target date to April or beyond. The last valid report/article from the CBI, stated that they would not delete the 3 zero’s until AFTER the Parliamentary elections, we all know that the elections are set to take place at the end of April this year, furthermore, other articles have said they are postponing the “deletion of the zero’s” until at least 2015. Take from it what you will.
1-27-2014 Newshound Guru Kaperoni there is a new article on the bonds and gold coins out…appears authored by former deputy of the CBI Saleh. these two items, bonds and gold will let them reduce the money supply but more importantly, reduce the spread between Official rate and Market rate. I believe this step will help them transition to IMF Article VIII. Article Quote: “The economist said: that this step has been the study of economic feasibility, by the Central Bank for the purpose of selling gold coins and cash and other foreign currencies as well as treasury transfers to the public soon.” Soon!
1-27-2014 Newshound/Intel Guru BGG I think Maliki’s next play is to try and delay or create unfavorable conditions for any elections – if that doesn’t work – I think he’ll have very few options. Currency reform being at the top of the list…which he is close to now.
1-27-2014 Intel/Newshound Guru Poppy3 STARTING A FLOAT WILL NOT HELP MALIKI GAIN FAVOR WITH THE PEOPLE TO STAND A CHANCE OF WINNING AN ELECTION AND ANYTHING STARTING BARELY ABOVE A DOLLAR WILL NOT GET THE PEOPLE OF IRAQ TO LEAVE THE DOLLAR FOR THE DINAR. IT WILL Have to be considerably higher than the dollar to gain any confidence of the IRAQ people or outside investors. I STILL STAND ON A RV OF $3.00 PLUS AND ACTUALLY WITHIN A NICKLE OF KUWAIT.
1-27-2014 Intel/Newshound Guru Poppy3 I EXPECT IT TO BE A RATE THEY KNOW THEY CAN MAINTAIN FOR 24 TO 36 MONTHS BEFORE THEY ALLOW IT TO FLOAT TO WHAT THE MARKET WILL ALLOW…WHAT DR SHABIBI STATED BEFORE HE WAS REMOVED. THEIR SITUATION ON FINANCE HAS NEVER CHANGED WE ARE ALL STILL WAITING AND WATCHING.
Guru Critic, I like Poppy3 and I have even met him in person in Chicago, so it’s hard for me to kind of “beat up” on his assessment of the situation, but I feel the rate he speaks of is wrong, and here is why. As I have said before, why should the Iraqi dinar have the same value as Kuwait’s? Iraq is a severely war torn country and there infrastructure is decimated for the most part, while Kuwait is in great shape both financially and in oil production and exports. How can anyone even compare the two countries at this point in time? If people think that Iraq can just raise the value of their currency at any time they want, assuming that is even true, why would they come out with a rate that high? Why not start at 50 cents or a dollar while they retrieve as much of the dinar as they could before raising the value again? To my knowledge there are no laws stating how many times per year that a country can raise the value of there currency. Keep in mind that recent article stating that Iraq has 35 Trillion dinar in circulation and that 4 Trillion is inside the country, that means that 31 Trillion dinar are “outside” the country, no matter what anyone “guesses”, the fact is that one day, sooner or later, the CBI will have to “cover or exchange” that dinar in whatever currency the country uses that posses dinar, that being said, using USD to calculate, at a $3 dollar “RV”, Iraq would be responsible to “back” 93 Trillion dollars around the globe. Just a thought to consider.
1-26-2014 Intel Guru Frank26 NOTHING outside of the CBI is relevant nor important to what You seek. A new rate to replace the program rate for article 8 compliance of the IMF…Once we have that THEN look at how China is helped. BTW, China is simply doing what the World Markets did last week.
1-26-2014 Intel/Newshound Guru Poppy3 I AM VERY ANXIOUS TO HEAR WHAT IS DONE TOMORROW DURING OR JUST AFTER THE BANKING SUMMIT BEING HELD IN THE MIDDLE EAST. THIS WEEK WILL REVEAL MORE DETAILS FOR SURE AND MAY EVEN PRODUCE A RV OR TWO. WE SHALL SEE IN THE COMING WEEK.
1-26-2014 Newshound Guru Stryker If the 2014 Budget can make its way to parliament in full agreement with the Kurds and the provincial’s $5 dollar per barrel demands they have a real shot at a sooner than later approval. If the 2007 Oil & Gas Law would be implemented by the way of an oversight committee, we/they could just stand a chance of an upcoming reform in process. Stability requires implementation and not yearly bandages to the same old issues! Now with all that, the Currency Reform moneys still need to be a part of the 2014 Budget if we/they are really to see Economic Reform this year and the issuance of the new lower currency, with less 3 zeros.
1-26-2014 Intel Guru TD [Can you comment on the latest Davos Summit, Recent news of currency market instability, the dow plunging 300 points and provide a synopsis on the Iraq situation?] Well, The Davos Summit is a world economic forum where yearly prominent business & political leaders meet and share ideas, build alliances and networking opportunities. It’s important to note that they have no regulatory powers and while Iraq may be a venue of investment opportunity up for discussion, it really has nothing concrete to do with the IQD.
1-26-2014 Intel Guru TD As far as the currency market instability mentioned on Friday’s business networks, particularly CNBC, it is true that recently some weakness has emerged but namely countries mentioned specifically were Turkey, Argentina, Russia & others but no reference about the IQD. The 300 point decline in the Dow is only 2%, much of it profit taking and knee jerk reactions to rumors & news of the Feds tapering agenda coming up and nothing to be alarmed about. [Is there any significance to the GCR?] No, because the Global Reset of 200 nations simultaneously occurring is fable. It is quite possible for 3-4 nations to do some minor adjustments this Sunday but that’s about it. The IQD will NOT be one of those countries.
1-26-2014 Intel Guru TD [How’s it going in Iraq?] Mixed bag of news I’m afraid. Few days ago the GOI was having success against militants but just yesterday a news article came out saying that “Fajullah had fallen to Al-Qaeda”. So Maliki is still struggling regaining control of certain provinces. The rift between Baghdad & Ankara (Turkey) is still on hold…They have to resolve issues concerning exports of petro through Kurdistan & legalized revenue sharing. January 29th we will see some key political figures come back to work with the economic committee and parliament addressing in subsequent days matters of the budget and (I’m told) continued talks of the deletion of the zeros and proposals of when to implement.
1-26-2014 Intel Guru Jester THE SOVEREIGN NATIONS HAVE BEEN WORKING TO SET THE VALUE OF THE IQD THEY OWN WITH IRAQ…THIS IS IMPORTANT…THE VALUE OF THE IQD IS NEGOTIATED ON A SOVEREIGN LEVEL BETWEEN NATIONS… THIS HAS NOTHING TO DO AND PLACES NO VALUE FOR THE PUBLIC AT LARGE…SO, AS PART OF THIS VALUE AGREED BETWEEN SOVEREIGN NATIONS… IT INCLUDES A VALUE THAT THE IQD COULD BE EXCHANGED FOR THE…WALLAH…IQN.
1-26-2014 Intel Guru Jester THIS VALUE THAT THE SOVEREIGN GOVERNMENTS HAS NEGOTIATED HAS BEEN MANIPULATED TO A VALUE IT WILL OFFER AT PRIVATE AND PUBLIC EXCHANGES…TO THE PUBLIC AT LARGE…IT INCLUDES BOTH IF YOU WILL LIKE TO GET PAID… THE PROCESS OF THE EXCHANGES IS BOTH PRIVATE AND PUBLIC… YOU ARE HEARING ALL OVER THE PLACE THAT THERE ARE SOME THAT ARE GETTING PAID WITH PRIVATE EXCHANGE… DO NOT ASSUME THIS IS A BAD THING AS SOME SAY OR THAT YOU ARE GETTING SCREWED BECAUSE OF IT… THAT IS NOT THE CASE…IT IS PART OF IT.
1-26-2014 Intel Guru Jester THE IQD VALUE IS ONLY WHAT THEY SET IT AT… AND THAT MEANS WHAT YOU ARE OFFERED IN THIS PRIVATE PLACEMENT AND THE PUBLIC IS SIMPLY A DIFFERENT PRIVATE PLACEMENT SO NO BIGGIE… REMEMBER THAT THE IQD IS NOT A TRADEABLE CURRENCY AND MOST LIKELY WILL NEVER BE… WHEN IT COMES BACK IT WILL BE IQN.
Guru Critic, I totally disagree with Jester. The IQD is the “official currency” of Iraq, period. While it is NOT globally recognized or trade-able at this time, that is what they are working towards. It does not matter what country a person is from, the IQD value is exactly the same. When Turkey “deleted 6 zero’s” from their currency, they did not “rename” their currency, it is STILL the Turkish Lira. There is no such thing as IQN and there is no valid reason to ever change the name of the IQD just because they produce smaller denominations at some point in the future.
1-26-2014 SUPER PUMPER WELL TODAY IS TURNING OUT TO BE A DAY OF HIGH EXPECTATIONS. THERE ARE MANY INDICATIONS PRESENTLY THAT OUR R/V IS AT HAND. I KNOW PERSONALLY OF INDIVIDUALS THIS PAST WEEK THRU PRIVATE ARRANGEMENTS THAT HAS EXCHANGED THEIR DINAR. ONLY WITHIN THE PAST 24 HOURS I HAVE BEEN OFFERED 3 SEPERATE PROPOSALS FROM 3 DIFFERENT SOURCES TO EXCHANGE, AND AT VERY VARIED RATES.
WITH THE PLACEMENT NOW BEING PUBLIC FOR SOME, THE R/V CAN’T BE SAT UPON ANY FURTHER. IN OTHER WORDS- “THE NEWS IS OUT”. THIS CAN NOT CONTINUE ON STRICTLY AN INDIVIDUAL BASIS WITHOUT INVOLVING THE GENERAL PUBLIC, AND DOING IT SOON. I AM IN HIGH ANTICIPATION OF THE “GENERAL RELEASE” AND THE INFORMATION TO FOLLOW PERTAINING TO THE PUBLIC AS EARLY AS POSSIBLY TODAY.
Guru Critic, NO ONE HAS EXCHANGED! I cant figure for the life of me why these pumpers keep stating this. If there was one shred of truth to this notion there would be proof of it, but there is NONE. Why doesn’t this pumper state the rates he was offered if he really was? I bet he was offered 1166 to $1, LOL!
SUPER PUMPERS report card:
Kuwait has been paid in full: FALSE!! Read the posted articles stating the contrary.
The CBI has been selling bonds: FALSE!! Read the posted articles!
Lower denominations are printed and loaded into the ATM’s: FALSE!! they have not even printed them yet, how can they load them?
Iraqi citizens are using the “new” lower denominations: FALSE!! They have no use right now for lower denominations, they are talking about printing even larger notes, again.
Some people are exchanging: FALSE!! at least not for any rate higher than the rate shown on the CBI website.
Christine Lagarde stayed in Iraq to “make sure” they got the RV done: FALSE!! Christine Lagarde was never in Iraq to discuss the value of their currency.
The “RV’ was done on December 1st: FALSE!! There has been NO rate change.
When you cash out tell them you have IQN to get a higher rate: FALSE!! There is no such currency, we hold IQD, NOT IQN!
There will be a Global Currency Reset: FALSE!! There will be NO global reset.
Rates of up $38 dollars are showing on the bank screens: FALSE!! There has never been any rates showing on bank screens.
I could go on and on, but you get the point. Keep a positive attitude and just be patient with Iraq until they work through their major problems. I hope everyone has a “fine and wonderful day”!!