Iraqi Dinar Guru opinions 4-9-14
Iraqi Dinar Guru opinions 4-9-14
4-9-2014 Intel Guru Delta [via anonymous] Today the CBI made an announcement that many people took as bad when it really is very good news. The translation is the best way to fight corruption is added security in the 250, 500 and 1000 notes. This better paper and added security features will make the currency last longer, and stop counterfitting. New markings on the 5000, 10,000 and 25,000 will help the blind differentiate between notes and new security features added that can only be seen with a blue light.
4-9-2014 Intel Guru Delta The notes we have will remain legal tender and co-exist with the new currency!!! When the CBI revalues the dinar, our currency will still be legal tender to the CBI…IMO, for well beyond 2 years. So why is the CBI printing new 3 zero notes? They need it for transactions with nations…They need the large bills for large financial Institution transactions. this announcement about the new currency is the best news for our investment and it should make us all very happy.
4-9-2014 Intel Guru Delta Iraqia TV is constantly reporting about the Monetary Reform…There is also a group of very smart experts in Monitary Reform from the USA at the embassy in Iraq assisting with this process. IMO, everyone who made the decision to invest in the IQD made a very smart decision and you will be blessed for a lifetime or longer.
4-9-2014 Intel Guru Frank26 [via anonymous] IMO, all the paperwork for the Monetary Reform was signed 2 weeks ago. They were signed in Bagdad and this past Sunday was taken to Washington D.C. and the UN…I-Team reported that this morning there was a meeting at the UN …A document was translated saying Iraq is getting ready to make a big move, and it was discussed at the UN! No one knows what the big move is, it could be many things, but IMO, the Monetary Reform documents have all been signed.
4-9-2014 Newshound Guru Adam Montana [I understand the UN has given Iraq a deadline of April 14th to finally pass the budget. What if Iraq does NOT do this? Also, what if Maliki gets a THIRD term…Would this KILL the RV?] First – the UN…can’t force Iraq to do anything at this point. Second, if Maliki wins a third term (which I believe he will), that just gives him the freedom to push things in his favor… and you’ll be hard pressed to find a way that an RV won’t benefit him.
4-9-2014 Newshound Guru Millionday Article Quote: “…Iraqi Central Bank as a bank independent under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies and being sessions daily for buying and selling currencies.” so, they are preparing for the new exchange rate and of course the exchange as they have made very clear — this is great news, huge huge…
4-9-2014 Newshound Guru Millionday this was done for the implementation of the economic reform and monetary policy and exchange rate…they may float but it will be from a reality rate not from the imposed rate. the rate is calculated at a reality rate by what they have to hard back it — gdp — and the rest of the figures used to calculate what the rate will be…international currency laws makes any formal currency hold its face value and when it changes in rate they give time as far as history shows to exchange them in.
4-9-2014 Intel/Newshound Guru Poppy3 LETS THINK ABOUT NEW NEWS, LIKE THE POSSIBILITY THAT A MAJOR BANKING ANNOUNCEMENT IS SCHEDULED FOR 9 AM IN THE MORNING [WEDNESDAY] THAT HAD BEEN POSTPONED ON THE 6TH TO THE 9TH…WHAT THE ANNOUNCEMENT IS I DON’T KNOW. I HAVE JUST BEEN TOLD THREE TIMES IN THE LAST TWO DAYS THERE IS SUPPOSED TO BE A MAJOR ANNOUNCEMENT INVOLVING THE WORLD BANK AND INTERNATIONAL BANKING. LETS JUST PRAY IT HAS GOOD IMPLICATIONS TOWARDS YOU AND I AND MONEY.
4-9-2014 Intel/Newshound Guru Poppy3 redenom has already been done long ago . They have had LD’S for 4 years now. When they change value they have to have newly redominated bills. LD’S BEEN LOADED INTO MANY OF THE NEW ATM MACHINES SINCE JAN 2011.
4-9-2014 Newshound Guru Kaperoni [Why can we buy and have all the large ooo notes that we want, and they brand spanking new but in country they are all worn out?] this is a question that many have asked…Much of what we own was never circulated and IMO printed with the purpose to be sold outside Iraq to rebuild the central bank reserves. As one document said…a controlled leak. We don’t use the currency itself so it stays pristine over the years and some sell back to the dinar dealers, which in turn it gets resold. So you have a recycling of sorts as well of currency that is in good to excellent condition. Latest numbers I heard from a dinar dealer was about 20% of dinar being sold now is recycled (people give up, sell it back etc.)
4-8-2014 Newshound Guru Aggiedad77 Article: “Central distribute Iraqi funds abroad between different banks” The CBI has met with international consultants to devise legal mechanisms and financial procedures that will protect Iraqi money held abroad….this in front of the May deadline that the US has announced where it will no longer protect Iraqi funds….this is being done for protection against some creditors for doubtful debts….who are apparently already trying to harass Iraq through legal means.
4-8-2014 Intel/Newshound Guru Poppy3 THEY HAVE TO MAKE TRILLIONS TO REPLACE AND REPAIR THEIR INFRASTRUCTURE…SO THOSE OF YOU WHO THINK…THEY DON’T NEED A RV YOU BETTER THINK SOME MORE. THEY NEED TRILLION AND THEY HAVE IT AND THE ONLY WAY THEY CAN ACCESS IT IS VALUE THEIR CURRENCY ON A INTERNATIONAL LEVEL AND TURKI AND SHABIBI HAVE BOTH STATED THATS IS WHAT HAS TO HAPPEN.
4-8-2014 Intel/Newshound Guru Poppy3 LIKE WE HAVE SAID BEFORE THEY ARE NOT DOING ALL THIS FOR NOTHING THEY HAVE A PLAN AND THEY ARE MOVING IT FORWARD. LOOK AT ALL THEY HAVE ANNOUNCED AND DONE IN THE LAST MONTH TOWARDS ECONOMY AND BACKING THEIR RESERVES WITH MORE HUGE RESERVES— OF COURSE IF YOU ARE ABOUT TO HAVE THE STRONGEST CURRENCY IN THE WORLD YOU BETTER MAKE SOME PREPARATION AND BE PREPARED.
4-8-2014 Newshound Guru Stryker Topic: “CBI announces the re-Karim print the current series of banknotes using a high quality of paper” This is the best news yet, after 11 years this is the first sign of the new banknotes being really printed. The lower denominations should follow shortly. 250, 500 and 1,000 notes will be at the top of the lower denomination food chain and the 5,000, 10,000 and 25,000 dinars will be used for commercial transactions in my opinion. Article Quote: “does not mean it will cancel the old currency or withdrawn, but will be traded in both currencies” This means that it will not affect the current currency we/they hold and that they will not start withdrawing it YET!!
4-8-2014 Newshound Guru Kaperoni Article: “The Central Bank put the icons in the currency to help the visually impaired to know” I don’t believe they are printing more 3 zero notes. I believe they are printing the new lower denomination notes and are explaining the citizens that these will come out with new security features, better paper, etc. The statements that reference larger notes I believe are only in comparison (purchasing power) and not what is actually being printed. In other words, I do not think they could come out and say…hey were printing a 1, 5, 10 and 25 dinar notes. People would say…What? why those are worthless.
4-8-2014 Newshound Guru Kaperoni But if they say…were printing you new 5000, 10000 and 25000 dinars with new paper and security features, it should make the citizens happy. Keep in mind, Iraq wants International banks and International investment, they want a market economy, and they want the WTO. All of which require a convertible international currency. Its coming…”let it come to us.
4-8-2014 Newshound Guru Kaperoni …our Arabic translator…had a different perspective…that the CBI may be doing exactly what is said…just printing some new dinar. He said the GOI needs to show they are listening to the public and the dinar in circulation is worn out. That this may in fact simply be a way to say..hey we are replacing the currency and we hear you. He mentions that he agrees the dinar needs to go up in value soon and everyone is waiting for that, but this may simply be to pacify the people until that time happens.
4-8-2014 Newshound/Intel Guru BGG Article: “The Guardian: Maliki favorite to win the premiership for a third term” The only suspicious part about this article is it “flies directly in the face” of the nature of the Iraqi electoral system. They don’t vote directly for a candidate. They vote for a party (or “list”). The winning “lists” then form (likely) coalitions and from these groups come the nominations for various jobs. For instance – the Prime Minister nominee. Hence, it is at least as important to be liked by ones peer politicos as with the actual voter. Maliki is not overly popular with either group. There is a long way to go yet.
4-8-2014 Newshound Guru Aggiedad77 Article: “Central : reshuffles security on the new edition and raise the image of Ibn al-Haytham category 10000″ Here the CBI says the old and new will co-exist together…they are dealing with counterfeiting issues…especially with the 10k notes…and they are helping the visually impaired with new enhancements…and…here is another fact that most seem to be overlooking…Turki’s signature will be on these new notes…that by itself is an indicator that this printing was probably started months ago…IMO.
4-8-2014 Intel Guru Nova A Dinar Is A Dinar Is A Dinar, And Will Always Be A Dinar. A One Dinar Note Will Always Be A One Dinar Note & A 25K Dinar Note Will Always Be 25 Thousand Dinars. Once The Dinar Is Internationally Tradable Its Purchasing Power Will Increases In Iraq Because The Countries Revenues Will Be Accounted For In IQD. Ask Yourself This, Why Dose The UST Print 75 Billion Worth Of Notes Every Month? Because Of QE [Quantitative easing], Right. Well In Order For That To Work The UST Is Required To Have The Physical Notes To Back Any Electronic Accounting Of The USD.
4-8-2014 Intel Guru Nova Why Would It Be Any Different For Iraq, Or Why Would We Want It To Be Any Different? I Don’t! I Want The CBI To Have All The Notes To Back Up Its Money Supply!! Last Thing Why Are They Not Talking About The LD’s? Because There Already Printed!
Fact check, in many peoples opinions, the lower denominations have NOT been printed yet as it would serve no purpose right now. One thing to back this up, is that Iraq said it would cost between 15 and 20 million dollars to “replace” the currency. Iraq is pretty much broke and they would not waste their money printing currency that they are not ready for. Believe what you will.
4-8-2014 Intel/Newshound Guru Poppy3 OVER THE LAST 3 MONTHS WE HAVE SEEN IRAQ CBI PURCHASE TONS OF GOLD, WE HAVE SEEN 15 INTERNATIONAL BANKS OPEN DOORS IN IRAQ, WE HAVE SEEN THE BUDGET BACK TO THE FOREFRONT AND STILL THE MAIN TOPIC OF MEETING BOTH IN IRAQ AND IN THE USA. WE HAVE SEEN THEM PAY BILLION IN DEBT TO THE PARIS GROUP. WE HAVE HAD THEM ANNOUNCE THERE IS A WAITING LIST OF INTERNATIONAL COMPANIES LINED UP TO INVEST IN BUSINESS IN IRAQ WITH MCDONALDS AND SUBWAY ALREADY OPEN.
4-8-2014 Intel/Newshound Guru Poppy3 WE HAVE SEEN THEIR BANKING SECTOR GO INTERNATIONAL ON INTERNET GRID…NOT TO MENTION MANY POLITICAL LAWS THAT HAVE BEEN VOTED ON AND PASSED…NOW THIS GIVE ME MUCH EXCITEMENT AND CONFIDENCE. THEY HAVEN’T DONE ALL THIS FOR NO REASON OR TO STAY STATUS QUO.