Iraqi Dinar Guru opinions 3-7-14
Iraqi Dinar Guru opinions 3-7-14
3-7-2014 Newshound Guru Tlar Article: “The year 2014 will see the deletion of zeros from the Iraqi currency, to be done in coordination with the CBI” this article is the best article in quite a while. It confirms many things for our investment. The first is it confirms no lop, it confirms it will happen this year 2014, it confirms, they will change the exchange rate itself, it confirms a dinar is a dinar (every note will be good and every denomination will be good), it confirms both currencies will be in use until all the old notes are collected, it confirms this will be an RV and not a float by this statement (the process of deletion of zeros will be provided by the new currency) meaning the currency will be issued at the same time they delete the zeros.
3-7-2014 Intel Guru Jester THE PROBLEM WITH THE IMF IS SIMPLE…THE WHOLE WORLD COULD LIKE TO PASS SOMETHING AND IF THE US DOES NOT LIKE TO THEN IT IS NOT GOING TO HAPPEN…THEY HAVE 17% OF THE SDR’S [SPECIAL DRAWING RIGHTS] AND IT TAKES AN 85% MAJORITY IN THE IMF TO DO ANYTHING.
3-7-2014 Newshound Guru Med [will we see the revalue this year?] IF THEY WERE TO DO SO IT WOULD BE 4TH QTR OR LATE 3RD BUT IT IS DEPENDENT ON SEVERAL CHANGES. ONE IS PARLIAMENT AND TWO IS PRIME MINISTER. BUT POWER HAS TO BE TAKEN AWAY FROM THE CURRENT MAJORITY… I THINK THAT SERIOUS MOVEMENT FOR A FREE MARKET ECONOMY HAS TO BE DISCUSSED BUT REMEMBER THIS ALSO MEANS THAT THE GOVT CONTROLLED OIL INDUSTRY HAS TO BE GIVEN UP AND MOST OF THE REVENUES RIGHT NOW GO TO SUPPORT THAT MASSIVE OVER STAFFED GOVT…
3-6-2014 Intel Guru Bluwolf No bank source knows what is happening behind close doors, what is to occur and when. They know its suppose to be here by now, we are suppose to be moving along with our monies already secure…we are waiting for our 800#… everything talked about in the plan is still in play… Thats where we are at just about now, we are just waiting for that darn phone call.
3-6-2014 Newshound Guru Aggiedad77 Article: “Maliki: We will act even if the budget did not recognize .. I call to suspend the parliamentary sessions!” Najafi you have made the big boss mad by not having the budget on the agenda yesterday as he asked you to do…what is the result…he’s taking control of 2014 budget money and is going to start project implementation…he has the unanimous support of the COM in doing this and believes it is constitutionally legal…at the same time he is calling for an indefinite boycotting of Parliament…he points a finger directly at Najafi and blames him and others for conspiring to make the state fail…Maliki is pulling out all stops in his attempt to smear Najafi before the elections…attempting to turn the entire Parliament against him…Najafi wants the nomination for President of the Republic a position now held by Kurd Talabani.
3-6-2014 Newshound Guru wmawhite we need to remember that it is the CBI that will change the value of the IQD…not Parliament. Iraq has more gold as reserves than most countries do…some estimated at over $80 billion, plus $84 billion in cash reserves…the bottom line is that their true value of the IQD is NOT 1166. They are prepared to change that now and they have told so too.
3-6-2014 Newshound Guru wmawhite I used to get excited over intel/rumors …not any more…today, I am happy and take comfort knowing that this is nearing its end because they, Iraq, CBI/GOI are telling us so. a couple of weeks ago when the CBI announced it’s move into an Open Market Operation in conformance with the IMF…this investment, IMO, moved from speculation (IMO) into a much more conventional investment believing that the CBI/GOI are now going to do exactly what we as investors have always believed it would do.
3-6-2014 Newshound Guru Kaperoni Article: “Is the process will delete the zeros of the Iraqi currency to stop rigged?!” All I can say is WOW! This is exactly what Dr. Bakri said in his report…This article is correct that changing the currency in itself does not raise the value, but as the IMF stated “Balassa-Samuelson effect” meaning as the economy grows so does the exchange rate…in other words its a float! and it will rise based on supply and demand. And we know the new smaller bills could or would not be in circulation until the exchange rate rises. Quote: “the process of deletion of zeros will be provided by the new currency,” In other words, the transition from larger notes to smaller notes “deletes the zeros” and its not a LOP.
3-6-2014 Newshound Guru Millionday Article quote: “The banks have a significant role in the next phase of Baghdad – the joy of pumice when expanding the limits of development increases the need for a bank more sophisticated and broader service center…” they are talking about the growth to come in the use of banks and the services — this is time to activate the banking reform — which can not be done without — THE REALITY RATE.
3-6-2014 Newshound Guru Millionday they are making sure they are set to move forward with the banking reform finally and that will include the monetary policy. the fact that they are ready for the banks to hit the stock market and the banking to expand to foreign needs and also the growth for the country — is the best as far as we are concerned — huge and the timing is great!!