Iraqi Dinar Guru opinions 2-22-2014
Iraqi Dinar Guru opinions 2-22-2014
2-22-2014 Newshound Guru Millionday Report quote: “…in regard the country’s financial The implementation of the project to delete the zeros from the Iraqi dinar will increase the strength against the U.S. dollar” this is saying that they have held it up long enough — the currency will increase the dollar and that will create the pricing in the country it will also minimize inflation…they have talked about this long enough and it is the reason the currency was printed in the first place and the small denoms need to be used and the pricing needs to be set.
2-22-2014 Newshound Guru Millionday [with deletion of the zeros is that an RV?] the effect of the removal of the three zeros will be among many things the — setting of all international values including the rate to the usd for the dinars we have. [Hard to fathom any reasons for any further delays.] this has a time set — something this large would so with the money being absent in the country and all the issues they have shown due to its delay — we would expect that the phase as they say we are in shows so many laws done and so much complete that we dont see a reason that is holding them up.
2-22-2014 Intel Guru Bluwolf This shall be my last update, warning or alert. From this point on be aware, be ready, be advised. 99.9% ready ; according to government, countries, bankers in all positions, economists, wall street, church governments, world governments, and all agencies here and aboard. Good luck now be prosper and be in peace…it has been a pleasure.
2-22-2014 Newshound Guru Enorrste The CBI is NOT “requesting all banks to now deposit the IQD reserves within the CBI.” What the CBI DID DO is allow the banks to join in the auction process directly, meaning that banks could exchange dinars for dollars directly. However, they are not required to then send the dollars to the CBI to be turned into reserves. The dollar may or may not eventually end up in the CBI, but there are a number of Iraqi investors who need dollars daily to do their business with foreigners, so the likelihood is that the dollars will be SPENT by investors in normal international commerce. In short, the banks will make money and participate in the growth of the economy.
2-22-2014 Newshound Guru Enorrste The CBI reserves are a totallys separate thing having nothing to do with local banking whatsoever. They are obtained mainly through the sale of oil in Iraq (the government owns the oil). Whatever is left over after the government does its business is given to the CBI to support the dinar. Local banks have nothing to do with this process.
2-21-2014 Newshound Guru Millionday [is it written anywhere in ink that once Iraq joins the WTO they absolutely have to trade their currency internationally?] it is the world trade organization — in order to trade in the world it is in ink all over the world in every text book and the internet — have to have reality rate and also internationally traded currency… have to have it and they have said march but they said jan too so we have to see…they wont be active until they have done it.
2-21-2014 Newshound Guru Aggiedad77 Article: “Private banks and Central bank proceed to lift value of the Iraqi Dinar” This is VERY BIG NEWS…CBI Governor Turki convened a meeting of many of the directors of private banks and non-governmental banks at the CBI…sources say that he gave instructions for the buying and selling of foreign currencies…if they follow his direction they will aid in support of the national economy and development process…this also points to an unspoken point…that Turki is still very much in control of the CBI…and understands what has to transpire to ensure the rise in value of the IQD.
2-21-2014 Intel/Newshound Guru Poppy3 [Kuwait and Iraq are ” apples and oranges ” by comparison.] THEY [Kuwait] CAME OUT AROUND $3.00 THEN 3 DAYS LATER JUMPED TO ACTUALLY $9.04 FOR 6 DAYS THEN DROPPED BACK TO AROUND $2.94. BUT THEY HAD A VERY DIFFERENT SITUATION AND THE ONLY REASON FOR THAT JUMP WAS FOR THEM TO QUALIFY FOR SEVERAL BILLION IN LOANS FROM THE WORLD BANK. AS SOON AS THE PAPER WORK WAS SIGNED THEY DROPPED IT DOWN IMMEDIATELY. IRAQ DOESN’T HAVE TO QUALIFY FOR WORLD BANK LOANS.
2-21-2014 Intel/Newshound Guru Poppy3 I MIGHT ADD THAT WASN’T A FLOAT… THAT WAS A RE-ASSIGNED VALUE BY THEIR CBI JUST FOR QUALIFICATION FOR THE LOANS. THIS INFORMATION CAME DIRECT FROM A FOUNDING MEMBER OF THE AUDITING CO. FOR THE KUWAITI BANKING SYSTEM. I RECIEVED THIS INFORMATION BACK IN 2006.
2-21-2014 Newshound Guru Enorrste There may well be “something going on within our world economy” but it is unlikely that a radical change is in the works. More likely there will be a gradual transition away from the dollar as the SOLE or MAJOR reserve currency. Saleh of the CBI stated about 18 months ago that the dinar would eventually become a world reserve currency. This is likely to happen because of the “underlying wealth” of the country of Iraq. In other words, there won’t be any major “reset”, but instead a gradual process of recognizing the strength of the dinar once it floats.
2-21-2014 Newshound Guru Enorrste What seems evident to KAP [Guru Kaperoni] and me is that the process of moving from a fixed exchange rate regime to a freely floating exchange rate regime is still ongoing and we are still within the CBI’s own stated time frame. The last “official” statement was that the value of the dinar would substantially higher by June of this year. Thus far we have not seen anything that denies or even changes that statement from the CBI. In fact, what we HAVE seen are numerous statements from “experts”, “economists”, and “parliamentarians” who have stated that the dinar will begin to rise shortly after the election. Time will tell is this happens or not, but at least it is “in the plan.”
2-21-2014 Newshound Guru Bondlady they have about painted themselves into an economic corner without them…that lil laundry basket of laws we wait on to change Iraq’s and our lives. they can’t prosper and grow without them, they can slow grow and they have been, but pass the major laws and fight about the bs lil stuff. I think they have come to a cross roads in it all and they all know it too. all the major players are waiting on them to finish the laws they need to grow and sustain growth which will give a strong and stable dinar. the WTO, World Bank. IMF, UN and so many more entities can’t go forward without them at this point… [do they have enough on the books to change the rate?] not with out the laws imo.
2-21-2014 Newshound Guru tlm724 The HCL being implemented will do several things, it will insure fair distribution of the country’s wealth, which will increase the purchasing power of the citizen. It will also create a frenzy of investment via the savvy Iraqi citizen as well as foreign investors both private and nations. Having the HCL in place will show the world that Iraq has come together as a nation! Talk about a confidence builder, this brings on stability as well as the natural course of increased value to the nations currency.
2-21-2014 Newshound Guru tlm724 imo they are close, although it has been back burnered in the past their efforts recently are a positive sign. the HCL will bring about some much for Iraq, all eyes are on them and I am not talking about us. I am saying the real eyes of the world, the movers and the shakers, they money makers, people you have never heard of in your daily lives, the power brokers. …there is much to be excited about if you look back 12 months and realize how far Iraq has come you can’t help but know that you are indeed in a great investment!! 2-21-2014 Intel/Newshound Guru Poppy3 they must read it [budget] a second time before a vote but other than the laws that are included within the budget there should not be any reason the rv can’t happen prior to the budget being voted into law…actually if the cbi chooses to rv first it would put more pressure on parliament to get the budget in place.