Iraqi Dinar Guru opinions 2-20-14
Iraqi Dinar Guru opinions 2-20-14
2-20-2014 Newshound Guru Adam Montana […have you heard any documentation confirming that smaller dinars have been printed?] MY sources told me several years ago that smaller denoms were indeed either printed or ready to be printed… but obviously we won’t see them until the rate is raised significantly. Since that hasn’t happened yet, it’s not surprising that we haven’t seen them or heard much news about them.
2-20-2014 Newshound Guru Millionday [So we will see it on CBI’s site 1st?] it will be seen everywhere as soon as the market opens that you are looking at when it applies. [Is there an OMO meeting in Mar that it should be done by?] i dont have any ink stating that it has to be done by march but it seems as though they are saying now and they are ready — we will have to wait and see until the date is given.
2-20-2014 Newshound Guru Aggiedad77 [new guru] Articles: “Shahristani reveals the approval of the Kurdistan region to export oil through the “Sumo” and Kurds agree to export their oil through the Iraqi Foundation Sumo” Just say HUGE…this is an awesome step forward for Baghdad to get the Kurds to this kind of agreement concerning their oil and who has responsibility to handle the export distribution of it…the Kurds have done the right thing…IMO…in agreeing to this…and I now believe that there will be other issues that start to domino in place regarding their other sticking points to the budget. …it is important to see these two separate confirmations of the same thing…it proves more validity that these articles are real.
Guru Critic, Many articles today deny that the KRG (Kurdistan Regional Government), agreed to any oil deal with Shahristani to export through “SOMO”. Talks were good but nothing was agreed on. Maybe in the coming days we will see an agreement.
2-20-2014 Newshound Guru Kaperoni Article: “Officials in Babylon hold banks responsible for the reluctance of the projects and to encroach upon the laws” Quote: “the most important projects that led to the withdrawal of labor and prison contractor, the lack of liquidity for the project building of the provincial council, as well as political interference that led to the delay in the project,” Sure seems the ineptness of the government is starting to really hurt the economic progress.
2-20-2014 Newshound Guru Adam Montana [After crunching the Currency Auction Data, I come to the realization that Iraq is running on USD rather than IQD. We don’t seem to be waiting on events such as Erbil, CH7/8 or the 2014 budget but rather Iraq becoming a International tradable currency. How do you feel about that?] Actually – my answer is going to explain why I don’t pay too much attention to the auctions. Iraq is not “running on USD” – they have a currency (IQD) that is pegged to the dollar (USD) and the purpose of the auctions is merely for the CBI to control the money supply, inflation, and the value of the dinar. With that said, I do still believe that the keys to progress here are still the same (such as Erbil, HCL, etc).
2-19-2014 Misinformed Intel Guru DC On Sunday night, the wheels started turning on the RV. The overview is that they are taking different countries and getting those up and running, then formally setting the rates and moving on to the next country. It’s taking so long because they are making sure everything works, no glitches, and especially the US doesn’t try to renegotiate. The US is turning on the systems now, taking time to make sure everything is accurate and ready to go. We should see something this evening.
2-19-2014 Misinformed Intel Guru DC The world is turning except for the US, and once ALL banks at all tiers are ready, they will let it go. They started with the less sophisticated CBI’s, got those going, then the second world banks, then Europe, China and other first world countries. They have all signed off on the dinar, dong and rupiah. The US has been the backend for delaying this for the last year. Now the others have pinned the US down so that they cannot…It would take a major screw up to block this now.
Guru Critic, The US has NOT been delaying the “RV”, that is sheer nonsense. Iraq is in charge of their “RV” if they decide to raise the value, there are no “tiers”, when the rate changes, it changes for everyone at the same time. Gee I wonder who this guy gets this info from, LOL! One of the “other” pumper guru’s, the one called a “fraud” by the BBC and the IMF, is claiming the same crap about rates and calling the IQD, IQN again, and the same for the VND being VNN. He is claiming that Christine Lagarde has “signed off again for the 15th time”. The IMF has denied any affiliation with this guy, believe what you will, but the truth of the matter has been reported.
2-19-2014 Newshound Guru Adam Montana [You seemed real excited about BIS news a little while back?] That hasn’t changed at all! We obviously need a little more before we can cash out, but that news was and is still awesome in my opinion. [I understand that you don’t have a date for this “happening”, but as for the rate, are you still sticking with the $0.10 or do you think it could hit higher…and what WILL determine the rate, in your opinion?] I’m actually leaning towards a higher value the longer this takes. Depending on how the dollar holds up, a higher rate may not get us much more… but the longer Iraq has to make improvements and progress, the stronger they will be.
2-19-2014 Newshound/Intel Guru BGG Forex Anomaly 02-19-14: I suspect this is a case of “misplaced decimal”…However, 11.60 Dinars per dollar is roughly .086 USD – some “version” of a familiar benchmark. The more important news (to me) is the daily auctions continuing to spiral downward…