Iraqi Dinar Guru opinions 3-10-14
Iraqi Dinar Guru opinions 3-10-14
3-10-2014 Newshound Guru Enorrste Article: “Bankers: beware of infinite distribution of foreign currency in banks” Quote: “referring to some change in the coming days, which could see a reduction at the exchange rate of the dinar against the dollar.” This quote is important because it confirms for us that a change in the value of the dinar is scheduled by the CBI to occur “in the coming days.” Of course we’ve all seen that this particular phrase doesn’t necessarily mean “next week” or even “next month.” But based on other articles it does mean “in 2014”.
3-10-2014 Intel Guru Jester …THE THING ABOUT THE IMF…PEOPLE ARE SO PREPARED TO SIT ON ONE ITEM AND CALL IT THE HOLDUP…. IT IS ALL PART OF THE PICTURE… BUT IT IS NOT NECESSARILY THE ONE THING WE ARE WAITING ON.
3-10-2014 Newshound Guru Millionday Press conference quote: “The head of the House of Representatives decided to hold a session for the Parliament next Sunday and the budget law will be added to its agenda.” Nujaifi called on all MPs to attend the session because there is no any excuse, and the budget bill will be added to the agenda and the name of absentees will be announced in the media…sounds like they are talking majority vote…i hope majority — i am sick of them not showing up and holding it up for the people — even though the raise in the rate and the rates being shown by cbi is part of the monetary reform and can be done without a budget in place.
3-9-2014 Newshound Guru Kaperoni Article: “Bankers: beware of infinite distribution of foreign currency in banks” [economic expert] Majid…is aware of a plan (new auction rules) to which he was told would raise the value value of the dinar against the dollar (referring to some change in the coming days). But he is stating what is happening now is contrary to a free market and may cause more harm than good and lower the value of the dinar to the dollar. And he [is] asking the CBI to reconsider what it is doing before it has a significant impact on the economy.
3-9-2014 Newshound Guru Kaperoni IMO, the CBI has a plan…we know the UST was just there and the IMF would not agree if it was not going to work. We have talked many times about a “disorderly exit” and “orderly exit” and this may be a step in that direction to get into Article VIII and remove the restrictions on the dinar so it can rise (via a new exchange regime). We just have to watch and see.
3-9-2014 Intel Guru Frank26 [Hasn’t it been stated that the budget HAS BEEN read TWICE, and the Kurds are happy? Isn’t it official after 2nd reading? Can it now be posted in the Gazette?] keep in mind …Two weeks ago I told You I TEAM left Baghdad assigned to S. A. for a month. At that time I told You the 2014 budget IS DONE. IMO…Budget before 17th.
3-9-2014 Newshound Guru Kaperoni Article: “Central sales fell at an auction Sunday” Looks like the CBI has definitely raised their commissions and the official rate to 1190. [Are they raising the rate to make more money or to get them closer to the 2%?] Raising the Official rate does both. 1190/1222 is 2.7% and they make more money since they raised it from 13 to 24 dinars.
3-9-2014 Newshound/Intel Guru BGG from now until about April 1st (ish) is a very hot window…provided Maliki doesn’t stir up another hornets nest.
3-9-2014 Intel Guru Jester IT WILL HAPPEN EVENTUALLY… BUT IT IS SUCH A MUCH MORE CONVOLUTED PICTURE THAN WHAT MOST PEOPLE THINK THAT IT IS INCOMPREHENSIBLE TO THEM… THEY CANNOT GRASP THE ENORMITY OF IT.
3-9-2014 Newshound Guru Millionday i see that maliki is going to try, so we shall see — to have complaints about the house speaker is not new…maliki maybe jumping up the wrong sleeve in my opinion — he seems to be out there now that it is election time that is for sure — acts as though the most important thing is the citizens — where was he for the last 8 years. i think this is all just election time talk that maliki is giving — wanting to remain in power — lets hope it is his last stand.