Iraqi Dinar Guru opinions 3-5-14
Iraqi Dinar Guru opinions 3-5-14
3-5-2014 Newshound Guru Kaperoni they were 95% dependent on oil and that apparently was reduced to 94% as of late, yet they just increased output significantly to 3.4 mbpd. they have no chance of WTO accession. it was stated directly from the WTO last year 4 key issues with Iraq and the most significant one is that they would not qualify for WTO accession until they reduced the dependence on oil to below 80% I think and that was confirmed yesterday with a long article that came out that discusses those meetings with the WTO stating it would not be good for Iraq to proceed. it even said it would be at least 10 years before they are ready. Here is a quote from that article: “that enter Iraq for the organization will not be in his favor and in any case for at least the next ten years, as it will fly massive damage to Iraq”.
3-5-2014 Newshound Guru Kaperoni [So that said it could be a long wait on an RV.] it is not in their interest to wait, and it would be of no benefit toward the plan for Iraq to continue to wait. [Even if it is true that Iraq is not ready to join the WTO that in itself does not mean they won’t RV their currency soon. One is not necessarily tied to the other.] that is correct. There was a real good statement made on TV last week…it sums up Iraq’s positions with the currency. “A group of parliament members renewed their call to the central bank to start serious preparation for the deletion of zeros project; any further delays will harm the entire economy and progress Iraq is witnessing.” So there u have it, any further delays will harm what they have worked so hard for.
3-5-2014 Intel Guru Frank26 [via Anonymous] all the articles this week show they are running out of time, and all the procedures steps they are doing will collapse down into one big step which is the release of the new rate!
3-5-2014 Newshound Guru Millionday Article quote: “The federal budget is not just like any other laws they represent the backbone of the life and durability of the Iraqi state in the facilities of life all…” they are obviously announcing that the budget is the open window to the world…we should see the budget in the very near future…i have to say that all of the timelines they have stated that are within the month — i am very encouraged.
Fact check, So much for the guru statement about the currency auctions decreasing, they were at 222 million dollars in today’s session.
3-4-2014 Misinformed Intel Guru TerryK I GOT WORD TODAY THAT WE MAY SEE THIS IN THE NEXT TWO WEEKS BUT OTHER SOURCES SAY TONIGHT THRU THURSDAY. GOLD STANDARD ROLLING IN, IN AM. KEEP YOUR FINGERS CROSSED FOR TONIGHT ALL. WITH THE ANTICIPATION OF NEW GOLD STANDARD COMING IN THE AM, MAYBE JUST MAYBE WE ARE THERE.
Fact check, Just yesterday Terrence Keller said that one of his “sources” said it would be 2015 before the RV, so what changed? His “sources”?
3-4-2014 Newshound Guru Kaperoni We all know the CBI meets with the IMF…last year they had two such meetings or Article IV Consultations and after the second, stated that they would be on a annual basis here on out…it was scheduled for March 2014 which would have been nice to have another banking/currency report coming this month. So i received an email yesterday from the IMF. Here was my question and the response. Is the Article IV consultation scheduled for March and when can we expect to see the report? The answer came from the Director of the IMF – Iraq (located in Jordan), Shbaikat, Gazi is his name. “Will be this year, in second half after elections, and report a couple of months from date of consultations. We may have an update sooner.” So it is pretty clear it will not be in March.
3-4-2014 Newshound Guru Kaperoni i found it interesting they are waiting till after the elections. well, it perked my attention because we have been hearing the currency reform will also come or be reviewed after the elections. [Is this also the compliance meeting for article VIII?] yes. [this consultation, what does that do for us or them?] it gives us the details on the state of Iraq’s banking and currency reform. [so you think the RV or whatever will come after elections then?] they are saying almost daily on tv in iraq two things…1. they need currency reform now and the dinar is grossly undervalued, and 2. it must be addressed directly after the elections. So those looking for the IMF Report..we have to wait…but the IMF waiting till after the elections is interesting and makes one think. technically, the CBI can raise the value anytime that is their job.
3-4-2014 Newshound Guru tlm724 Article: “Citizen: an agreement between the National Alliance and the “independents” to pass budget” that will help achieve a quorum…in the event of approval of 170 members in the parliament, it becomes possible adoption of the budget by majority.
3-4-2014 Misinformed Intel Guru TerryK my brother who also has VND…just saw on CNBC that O [Obama] signed agreement with China today and tomorrow VNN will open at $6.05. HECK I WOULD TAKE THE .05 FROM THE 6.05. WHO IS GOING TO WATCH THE VNN TODAY AS IT DOES NOT NEED TO RV OR ANYTHING AS ITS A TRADED CURRENCY NOW. THE VALUE WILL JUST SHOW.
Fact check, I watch CNBC as well, there was NO statement about the VND opening at $6.05! China has nothing to do with the VND. There is NO VNN, why change the symbol for VND? As you can see today, the rate has NOT changed on the VND, nor is VNN even listed.
3-4-2014 Newshound Guru Millionday [(What is) the possibility of them being able to approve the budget without the Kurds?] they can release the foreign currency rates and the reality of the value of the dinar without the budget in place entirely and also they only have the issue with the oil proceeds left that state where the money is to be held.