Iraqi Dinar Guru opinions 4-4-14
Iraqi Dinar Guru opinions 4-4-14
4-4-2014 Intel Guru TD As I stated weeks ago that nothing (agendas/business) is really moving forward this close to the elections and that’s even more true now. I just wanted to weigh in briefly regarding the (now again) recycled rumor that Iraq has prohibited the use of the dollar and from conversations as recent as today, Friday, that simply is false. In fact most all merchants still ask FIRST for the dollar.
4-4-2014 Intel Guru EXOGEN Quotes: “All financial events are confirmed for next week inclusive of the Re-Valuation…the Global Currency Reset, and the Global Reset will occur on April 6, 2014. The news will be carried by CNN and other networks.” “The April 6th date continues to be the target date for the global public announcement, and the governments are preparing for this event.”
4-4-2014 Intel/Newshoud Guru Poppy3 IMO, the HCL will be announced at the same time as the RV and then they will be able to implement the Tarrif Law. I believe that this is how this will have to happen. They haven’t come this far financially and banking wise on upgrading everything to drop the ball at this stage. We are going to see this thing in the very near future.
4-4-2014 Newshound/Intel Guru BGG Article: “Independent MP : the National Safety Law is a dictatorial coup against democracy” This is saying the CoM (the GOI) has sent a bill to Parliament “Declaring a State of Emergency” – This looks like a “last ditch effort” on Maliki’s part to subvert the looming elections and stay in power. I highly doubt the Parliament will enact or proceed with this bill. It is fully against such “bold faced coup attempts”.
4-3-2014 Newshound Guru Bondlady we know the CBI is about to do something with its monetary policy, to what extent we don’t know but the big gold buy up , the massive reserves of foreign currency they have, articles saying the dinar is drying up and less out there being released and the m2 was being lowered, all these signs are positive signs for us.
4-3-2014 Misinformed Intel Guru Mnt Goat Technically the long term strategic plan for Iraq called for us all to have exchanged our currency by now and the project to delete the zeros ending this year of June 2104. The CBI has now drawn in nearly all the large 3 zero notes out of circulation from their citizens in country. The use of the US dollar in country is now prohibited. Banks and businesses are not allowed to accept USD. The average citizen has been using the government sponsored debit card or SMART Card… I will say they do need hard currency in the hands of the citizens. They need the lower denoms and coins. This part of the process is stalled. This must happen real soon!
4-3-2014 Misinformed Intel Guru Mnt Goat There was an Article IV meeting in Jordan mid last month (in March). I have heard the IMF gave the green light to go ahead with their currency reform project and release the new rate. The CBI announced in an article last fall that we would see the RV take place prior to June 2014. All my sources are all saying that all they are waiting for is to see the new rate released by the CBI. That’s all. And while no one knows the date…all are agreeing it’s very close. Currently I am hearing the IMF is waiting for the CBI to make the announcement. Will they only RV the IQD and VND? I am hearing all 190+ currencies are still set to go soon and together.
4-3-2014 Newshound Guru Kaperoni Article: “Shara: non-enactment of the oil and gas behind the delay in approving the budget” I do not think the HCL is in the budget or is directly related. The KRG simply want this HCL worked out and done before they are willing to accommodate and help Maliki.