Iraqi Dinar Guru opinions 3-13-14
Iraqi Dinar Guru opinions 3-13-14
3-13-2014 Newshound/Intel Guru BGG [Do you think thay can cover all the dinar in circulation without a lop?] If there is all this 80+ Trillion of three zero notes in circulation – why is the CBI having such a problem providing for the day-to-day liquidity needs of the Iraqs currency and banking market? Where is it all at? It is common knowledge the (based on articles and complaints by the Finance Committee, Economic Committee and private bankers) they are only supplying about 1/3 of what is needed. [some time ago it was said that you went to be so close to Kuwait as far as the value of the dinar…is that true then and is it still?] I still suspect once things move ahead you will see a “reality rate” near that range whether it starts there or not. Once it gets going, managed or otherwise, it won’t be long before it gets to the place they ultimately want it.
3-13-2014 Newshound Guru Kaperoni Article: “NET and the World Bank to discuss activating the permanent development of the banking system” [I betcha it takes a VERY long time!!] Nah…the banking system is what will drive the market economy…The very same market economy that they said would reduce oil dependence to 70% or less before 2017 as part of the 2014-2017 development plan. Iraq needs to diversify, its not a open window for that to occur…time is of the essence. The banking system will open soon and the dinar will go to Article VIII with a new exchange regime (float) which will let it rise based on principles of supply and demand.
3-13-2014 Intel Guru Jester [do you think they are waiting for a certain event to happen before they pull the trigger?] NOPE. WHEN THEY GET THE SITUATION UNDER CONTROL TO THEIR SATISFACTION THEN THE BIG PICTURE WILL BE FINISHED AND READY TO PRESENT TO THE WORLD. WE ARE CLOSER THAN WE WERE. I DO BELIEVE WE ARE IN THE RIGHT PLACE. NO INVESTMENT WAS EVER IN YOUR OWN TIMEFRAME… SO JUST BE PATIENT…IT IS GETTING DONE…IT IS LIKE A CHESS MATCH…WHEN THE OPPONENT DOES SOMETHING STRANGE TO CHANGE THE GAME IT TAKES A FEW MOVES TO GET THINGS GOING BACK THE OTHER DIRECTION.
3-13-2014 Intel/Newshound Guru Poppy3 just got another notice confirming all these people stating the bonds have been sold are full of it because no bonds have been sold period. They still have no backing from any country or banking source and even though it has been reported at $3.71 rate…that sounds great, it really means zip until the value truly is changed on the international front. MY thoughts are if this $3.71 rate is anywhere close to the rate it sure doesn’t sound like a float to me. They will be close to KUWAITS value in my opinion very soon.
3-13-2014 Newshound Guru Aggiedad77 Article: “Iran turns its back on Iraqi PM Nouri al-Maliki” What a turn of events…Iran has turned its back on Maliki and is asking the Kurds to find a replacement…there are reports that the National Iraqi Alliance is divided at this time which gives the Kurds the ability to ally with the al-Iraqiya List and the Ahrar bloc to remove Maliki…could they be singing Maliki’s swan song…and they are speaking of getting this done…even before the elections.
3-12-2014 Newshound/Intel Guru BGG [You mentioned…some type of financial control or penalty that the United States had to ensure that Maliki held the elections as scheduled. Is that still the situation? I am concerned about Maliki doing something to delay the elections.] there is rumor of such – it appears the world is watching. [Talking of value or the bonds being sold this Thursday? What rate! More so, can they do this with out RV?] I am skeptical about the bond issue. They appear to be shelved for the moment…I don’t see how they can “sell into” such deficit position on the Bonds if they haven’t “enhanced” the value of their currency…if they are going to “create wealth” out of thin air (the essence of a Bond issue) why do it at 1166 and then have to pay back at 3 bucks – make no sense and the CoM has shown the concern over such a “trick bag”. [poppy3 (and) millionday say were so close, are we, you think?] I am very hopeful for the near term. One way or the other.
3-12-2014 Intel/Newshound Guru Poppy3 [(Can) anyone explain these so called Iraqi bonds that were sold…?] MY REPORTS HAVE STILL BEEN THAT NOT ONE BOND HAS BEEN SOLD. YES THE RATE IS ON THEM AND THEY ARE PRINTED AND READY JUST LIKE THE LD’S BUT THEY HAVE NO BACKING ON THEM AND HAVE NEVER BEEN SOLD PERIOD.
3-12-2014 Intel Guru Jester I DO THINK THAT THINGS ARE HAPPENING BUT THIS DOES NOT RELATE TO ANY PARTICULAR DATE. I BELIEVE THAT THERE IS STILL THINGS THAT HAVE TO HAPPEN. I KNOW THAT THERE IS NO WAY TO PUT A BACK WALL OR FRONT WALL OR SIDE WALL ON THIS THING. THAT IS THE PROBLEM. EVERYONE WILL LIKE TO SAY THERE IS SOME POINT THAT WILL SIGNAL THE END AND THAT IS SIMPLY NOT THE CASE. IT IS A VERY FLUID SITUATION…WITH EACH ACTION THERE IS A REACTION AND THEN A REASSESSMENT OF WHERE THINGS ARE AND THEN A REALIGNMENT OF THE PLAN TO MAKE SURE IT GOES THE WAY THEY WILL LIKE IT TO. IT WILL HAPPEN WHEN THEY GET THINGS…UNDER CONTROL TO THEIR SATISFACTION.
3-12-2014 Newshound/Intel Guru BGG I do think we are in a very hot window for a lot of political reasons, right before these elections.
3-12-2014 Misinformed Guru The window is still through Saturday and getting smaller. I have heard nothing to change that time frame yet. Everything is still progressing and looking good. There are some small nuances but we are in a good position overall. I’ve been told it could happen any minute, 10 minutes, an hour or 36 hours. We have seen significant things happen over last 48 hours. China has moved tons of gold to finalize this situation. Iraqi bonds are in USA and can only be purchased with IQD. There is a scheduled start date to sell and cannot happen without an RV.
3-12-2014 Misinformed Guru Banks are ready and in position, in lock down, waiting for phone to ring. Christine Legarde is still to make the decision for the exact moment in time for this to go. Some folks have waffled and she’s making sure they can’t come back and say, “I didn’t agree to that”. It is done. The rates are at the banks, on the screens. We know the rates but were asked not to talk about them. It can go at any moment.
3-12-2014 Newshound Guru Aggiedad77 Article: “The central bank seeks to stabilize the Iraqi dinar against the U.S. dollar” the Association of Private Banks is holding workshops in conjunction with the CBI that explains to the banks the latest developments and change with regards to the exchange rate of the dinar against the USD…also of note here is that the CBI announced their reserves totaling $80 billion USD and now 80 tons of gold.
3-12-2014 Misinformed Guru My contacts from Iraq, the IMF and the US government are all excited about what is about to happen. I have been told the US government has finally made a decision to release the global currency reset (GCR) pending certain conditions were met. All these conditions have been satisfied. More excellent information was forwarded to me about the Iraq Bond situation. We also now know that, by these bonds, a minimum rate is established that any revaluation of the IQD must meet in order for these Bonds to be successful in funding their intended programs. Thus the purpose of the bonds.
Fact check, There is no and will be NO global currency reset (GCR), that is a myth.
3-12-2014 Misinformed Guru These bonds are expected to be released to the international financial sectors tomorrow, Thursday 03/13/14…if all goes well there would have to be an international announcement of some kind to satisfy investors that the IQD is now internationally recognized. To do this a revaluation from the provisional post-war currency to the permanent dinar at the non-inflated rate would be necessary. Banks in Iraq have had the lower denomination bills stock piled in their faults for well over 6 months now in anticipation of this event.
3-12-2014 Misinformed Guru From everything I am hearing the Iraq budget is completed and signed off by all parties. It is waiting in the wings for publication in the gazette, which should take place this week. The news is just so very good and encouraging this week. It is filled with hope that we will all be exchanging our currencies very soon. This has been a long journey for many but I assure you now it will soon be over.