Iraqi Dinar Guru opinions 1-28-14
Iraqi Dinar Guru opinions 1-28-14
1-28-2014 Newshound Guru Kaperoni Article quotes: “The Committee called for reducing the difference between the U.S. dollar and the Iraqi dinar…” “the World Trade Organization were previously wary of government plans to support the Iraqi dinar, and elevate it to a value of U.S. dollar and the high differential cash between them,” So, based on these statement, they will never get accession to the WTO until the raise the value…however that may be.
1-28-2014 Newshound Guru Millionday we have the parliament working tomorrow [Tuesday]…the budget is on the table – the agenda is very important that we have for tomorrow – the banking act has been demanded by parliament to be in their hands tomorrow and of course we have the banking conference.
1-28-2014 Intel/Newshound Guru Poppy3 I SUSPECT WITH THE ISSUE OF BONDS WILL BE THE RAISING OF THE VALUE. TIME WILL TELL.
1-28-2014 Newshound/Intel Guru BGG Article quote: The Governor of the Central Bank that “there is an intention for the issuance of sovereign bonds after the adoption of a new budget law,” …this Bond issue is at the core of what we are all interested in…we also have news out today that the bonds will likely get issued after the Budget Law which would also point (at least on the economic side) at some push to get the currency reform done soon.
1-28-2014 Newshound Guru tlm724 I believe that once the budget is passed, which by the way is a huge step towards economic reform, there are many “first’s ” in this years budget, we will see the issuance of the bonds, IMO! IMO, Turki is getting the conditions just right for the issuance, period!
1-27-2014 PUMPER I have found that the USA is intentionally, unmistakably holding the process up. There are no other obstacles. Iraq is ready, the software or technical systems are ready, the IMF wants it, the rest of the world is ready. But why do we still wait? …why has this not yet gone international and when these final steps to the RV process will be executed by the UST. We also know the IQD did officially revalue as early as December of last year, almost 2 months ago.
Guru Critic, The US is NOT holding this up, Iraq is. The UST has nothing to do with the CBI’s monetary policy. Alot of the banks in Iraq are not up to speed on the technical level that is needed. Again I will state that the Iraqi dinar has NOT “revalued”, if it had then the CBI would not be holding daily auctions at the 1166 to $1 rate, that is a no brainer.
1-27-2014 PUMPER Also there is a matter of special contract rates that will be used during the exchange process. These rates have been established and funded by contracts between the US and Iraq and the US and China, thus they call them contract rates. …from what I have been able to expose, there have been early exchanges taking place between the politicians, their families and friends…The so called “privileged”. This was tier 1 of the exchanges.
1-27-2014 PUMPER Tier 1 is over. So then on January 13, 2014 we are told tier 2 is not in fact for the general public but once again open only to the very wealthy…most of these tier 2 individuals never even heard of the dinar until the bankers notified them. They will not go international since this will take the 1166 rate to the international rate the feasting ends for the elite. They will no longer be able to double and triple dip. When will it end? Probably when they used up all the money in the buckets and are left with nothing else but to pull the trigger and go international.
Guru Critic, sounds like a feasible excuse or reason, but the fact is no one has exchanged, believe what you will.
1-27-2014 Intel Guru Footforward people ask all the time if this is a scam…there is enough out there in plain site for people to see there is more to this then just worthless currency…the rv will happen. i dont think we will see anything in jan or feb for the dinar. rate? ive been all over the place about that. I could see where its just like in the 3 range, but I could also see it being much higher then that for us too.
1-27-2014 PUMPER [via a patsy] there are two tracks the RV can take – the international RV led by the IMF and Iraq, at about $3.50, and through the public sector. They did that in mid-December and pulled it back at the end. That is one venue. It is our understanding that the international community is tired of the administration not doing what they said, so they are moving forward on that plan. We cannot blame them. We will get the lower rate, and those who have already cashed in will get what is over that rate clawed back.
Guru Critic, so now you are saying that people really did not cash in at any rate that will stand up, so that means if they did exchange that their money is frozen in the bank until there is an official rate issued. If anyone had “cashed in” they could not spend any of the money because it technically is not even theirs until they can transfer it to whatever financial institution they prefer.
1-27-2014 PUMPER The other strand is UST led, and with that we would get the contract rate. Everyone is ready to go, and they were promised by the administration that this will go forward today. They are 100% ready, some exchanges happened over the weekend at those contract rates. We don’t know about today.
1-27-2014 Newshound Guru Shredd from what we saw in the news, the bonds were first supposed to be released in December, that didn’t happen then we read that legal issues remain then it will happen after budget law is passed (not budget btw). so, to me, it’s not a surprise or terrible news, more that they are continuing to work on it.
1-27-2014 Intel/Newshound Guru Poppy3 AS ALWAYS MALIKI WILL DO ANYTHING TO STAY IN POWER… [then we could be in this for a really long time unless they truely deal with him!] I THINK EVEN THOUGH HE HATES IT THEY ARE ON A WORLD STAGE AND BECOMING MORE IN THE LIGHT OF DAY GLOBALLY THEY CAN HOLD OUT A LITTLE LONGER BUT NOT MUCH FROM HERE FORWARD.
Guru Critic, It was stated yesterday by Turki, the Governor of the Central Bank of Iraq, that they are postponing the sale of bonds until 2015, the article is posted here. Hope everyone has a great day.