Iraqi Dinar Guru opinions 2-9-14
Iraqi Dinar Guru opinions 2-9-14
2-9-2014 Newshound Guru Kaperoni Article: “Lacey criticized the Central Bank’s decision to exclude banks from the auction currency only on condition that put their money in the Bank” I’m just speculating a bit but what I see here is the CBI is allowing banks on their own to buy up currency (dinars?) but as a condition they must keep it in the banks and not let it back out into circulation. This would seem to imply the CBI may be collecting dinar or trying to minimize the amount on the street. This guy appears to be saying, the banks just can’t pile it up and send it back to the CBI, we need it in the economy. It may be a sign of something to come.
2-9-2014 Newshound Guru Millionday Article Quotes: “announced the Finance Committee in the House of Representatives on Saturday, said the government had formed a committee of three ministries to resolve the “crisis” was delayed adoption of the budget” “The agenda for the meeting next Tuesday will be free of the budget law, due to the continuing differences between the national and Kurdish coalitions that have not yet been resolved” this is fab news…the committee is going to resolve and tuesday is for other issues and vote on budget is wed now…all economic resolves are being dated as we have seen to the first of jan 2014 — very exciting.
2-9-2014 Intel Guru Dinar Wishes I have heard some great news that things have been progressing in a forward motion.. Its possible we could have some better news next week… Not saying its a sure thing just nice to get good news.
2-9-2014 Intel Guru Frank26 If they can AFFORD to lose 18 trillion by the end of this month then I can only imagine the value of this budget. For them to take such a monthly loss to me says that the 2014 budget has a new rate worth fighting for.
2-9-2014 Intel Guru Dinar Wishes Sources are very positive still about movement being a possibility… My thoughts are they need to get this done as we have passed the debt ceiling and need to make good on our commitments. Too much at stake to keep posturing for political gain… Lots of things in motion as we speak and we need to keep in mind how big this really is. I don’t want to talk in too many specifics, but I’m really optimistic.
Guru Critic, The USA’s debt problem is NOT Iraq’s problem, it is the fiscal policy of the United States that continues to run up our debt! Even if Iraq were to “bail out” America, you can bet we will be right back in this situation again in very short order. Bottom line, you and I cannot spend more then we make, pretty darn simple if you ask me.
2-9-2014 Newshound Guru Doc [Is the FOREX showing the RV rate?] NO! Also, there are no back screens or executive screens showing it either. [Overall what is your opinion as to adding to this investment?] Our opinion is to hold with what you currently have. We would not buy any additional. There is real risk this may not happen or take many more years. The rebels taking over cities is a prime example. If civil war breaks out the dinar will nose dive again. We must continue to weigh the risk in our decisions to invest. We continue to believe the risk is worth the potential reward at this point but encourage all to view this a a longer term investment. We report, you decide
2-8-2014 Intel Guru SteveI The only thing Ray and I can say is that there is a lot of confusing and conflicting information regarding this investment. We do both have many sources that are saying the same thing regarding the progress. There was a recent video regarding a new gold discovery south of Baghdad and it was one of the largest in the world. In a very short summary, yes they can revalue their currency and support it.
2-8-2014 Intel Guru SteveI I wanted to confirm some REAL activity that is taking place on the ISX that is new. Starting on February 2nd, we started seeing some International Cross Transactions taking place. These were foreign investors buying shares on the ISX through local Iraqi brokers. All of these trades were done after hours instead of during normal trading times. My personal opinion about all of this is that big players are jumping in now by buying shares on the ISX as a way to take advantage of the very cheap stock price and the currency change that is coming.
2-8-2014 Intel Guru SteveI Something else that amazes me about this is that even after these large stock purchases…the share prices and the values on the ISX barely move. It’s almost like they are waiting on something before they will release the real values. The news has been so good and the the future results of Iraq achieving their goal is one of a life time.
2-8-2014 Newshound Guru Millionday Article: “The Finance Committee has confirmed that 2014 will see the deletion of zeros from the Iraqi currency, are described: The delete will be in coordination with the Central Bank. This project will lead to reducing the proportion of the national currency in circulation from four billion to one billion.” know that the release of the three zero currency is in country and of course what is held in anyone else’s hands. The value will be reduced to the size of the quarter and this will enhance the value and easy to transport, pointing out that fraud or manipulation of currency cash, it will be very difficult.
2-8-2014 Newshound Guru Millionday The CBI identified earlier in the beginning of this year will see the implementation of the project to delete the three zeroes from the national currency, but the Iraqi government has demanded the bank to wait to apply the project, fearing the emergence of counterfeit currency during the switching process. [Seems like we read these articles before?] dated today…know that we will see these reports as they are announcements this time to the citizens and are talking in timeline of the next few weeks – have never seen that before.