Iraqi Dinar Guru opinions 4-15-14
Iraqi Dinar Guru opinions 4-15-14
4-15-2014 Newshound Guru Tlar The CBI has made a strategic decision to re-print the 250, 500 and 1000 dinar notes before they actually delete the zeros giving them value. They…will have all the new features making it almost impossible to counterfeit including a raised portion of the bill that will allow the blind to feel the denomination of the bill. What the CBI fears is that when they delete the zeros using the 250, 500 and 1000 notes as the crossover notes to the new uncounterfeitable smalls, Iran will immediately start printing the old notes and they will flood the market with these counterfeits buying USD at a higher rate.
4-15-2014 Newshound Guru Tlar So the CBI has decided to reprint these notes while they have no value and either release them at the same time as the smalls or a little before they release the new smalls. Iran has been counterfeiting the large 3 zeros notes exclusively (5000, 10,000 and 25,000 notes) because of value. The lower notes the 250, 500 and 1000 up until now have values less than a dollar so they haven’t been worth Iran’s time or money to counterfeit. When they delete the zeros this value will astronomically go up and Iran is ready to counterfeit them. Because of the sophistication of Iran’s distribution system, within a week Iran will be selling these new couterfeits into Iraq. So the decision to re-print these bills is a prudent one IMO.
4-15-2014 Newshound Guru Tlar There are many economists in Iraq that feel this is an unnecessary expense and suggest that the CBI just delete the zeros and collect these notes along with the rest of the large three zero notes at the same time. This argument also has merit but for reasons unknown to us the CBI has decided to re-print these notes choosing to follow Shabibi’s original plan which called for them to be left in circulation to die of natural causes. The good thing is every article says that all dinar currency of any denomination put out will be good forever. Some of the articles indicate this printing is being done now. Some indicate it is already done and ready to go. We are close.
4-15-2014 Misinformed Intel Guru Mnt Goat You are hearing on the news media only what the players in this global reset process want you to here and nothing more. There is an ongoing global meeting consisting of finance ministers and heads of the central banks of G20. The meeting began last Wednesday and will conclude today. It is being held in Washington D.C. So you see any hype about the global reset going prior to the end of this meeting is simply ludicrous.
4-15-2014 Misinformed Intel Guru Mnt Goat The Iraq budget and election hype are not holding back the RV and are just all hype. I can assure you Nouri Al Maliki does not have a chance in hell of being the next prime minister of Iraq. He knows it too. In fact many provinces are now refusing even to allow his name on the ballot. He is stubborn and is going to play out more tricks to try to stay in power. I do not think any of these will be successful.
4-15-2014 Newshound Guru Shredd Why are the reserves a big deal? Iraq is dedollarizing, updating their notes and are going to remove the zeros this year. The reserves have proven to provide stability. Soon we will see the monetary policy change and soon we will see a change in the valuation of the dinar. It’s all connected and reliant upon it.
4-15-2014 Newshound Guru tlm724 Article quote: “The amount of cash reserve represents bumper biggest fluctuations in oil prices follows affect the fluctuation of the exchange rate where it not for the strength of the amount of the reserve sovereign to the value of the dinar” so IF they didn’t have the huge reserves then the dinar would be unstable but that is NOT the case now! the value of the dinar is NOT reflecting it’s true value YET.
4-15-2014 Newshound Guru tlm724 economist earlier called for those in charge of the economic sector in Iraq to re-evaluate the value of the currency after it enhances the cash reserve quantities of gold…so re-evaluate the dinar after they got their gold to a level they are comfortable with and they HAVE that level now! Article quote: “the Central Bank reserves to rise the value of the dinar to a higher level compared to its exchange rate against the dollar” there you go raise it above the value of the USD and the CBI has the reserves to cover that!
4-15-2014 Newshound Guru Millionday [With all contracts and infrastructure and housing they need to get a reality rate.] we saw steps they are taking to raise the value of the dinar and set the international rates and they began a couple months ago it started with the announcement from cbi and also the compliance agreement with the private banks…
4-15-2014 Intel Guru hub …the dinar in 1955 was $2.55, in 1990 it was $3.22 and it is going to be valued again…should be very close…iraq is too valuable and too proud not to have the iraq dinar in place again…there are several countries with worthless money, but all of them have nothing to offer the world at this time, so how does a country with billions of barrels of oil, gas, diamonds and gold not have a currency equal to its resource wealth…it doesnt…it will be equal to the intrensic value.
4-14-2014 Newshound Guru Millionday Article: “He said al-Khalidi that the Presidency of Parliament will announce hold a parliamentary session to vote on approving the budget as soon as the agreement of the Quartet between the Governments of the center and the region around the outstanding differences in the budget…” they are meeting and the results can bring an immediate meeting to vote through the budget if resolve takes place – now that would make sense by what we are seeing go on. [With the activity of today and the movement on the budget, do we think this is getting close to having a reality rate, like in 5-7 days?] i dont know the days but it certainly looks as if they are pushing very much to do this in a hurry – i know many predictions are within days.
4-14-2014 Newshound Guru Enorrste I…just…reading the article about the World Bank being concerned that the budget has not been approved thus far. In the article it is not so subtly stated that the “administration” expenses have grown substantially, starting last year, causing increased deficits. Can anyone see the word “corruption” here? What amazes me is that the World Bank would interfere in this matter at all. Technically they have nothing to say about a country’s budget matters. What we are possibly seeing is another ramping up of the rhetoric from international sources, in this case the normally staid World Bank, to get Iraq to move forward. Let’s just hope it works. Unfortunately, knowing what we do about Maliki, it will just piss him off more for their interference!
4-14-2014 Newshound Guru Enorrste Article: “The Future of Iraq from an Iraqi Lawyer’s point of view” Our investment is being held hostage to corruption at the very highest levels of the Iraqi government, and it is not clear that a change in leadership (which is not entirely likely) will brings us that much closer. When corruption exists at this level in Iraq it is nearly impossible for serious progress to be made. We have seen that the IMF and World Bank aren’t even that effective in getting Iraq into position for entry into the world economy.
4-14-2014 Newshound Guru Enorrste Unless and until the high-level corruption is rooted out of the system, it is not clear that significant progress will be made for our investment. I don’t hold out a lot of hope for any lasting change in this situation, regardless of who is Prime Minister. Having said that, I am not intending to put everyone on a “total downer.” While we see all of the benefits for ourselves and for Iraq in the initiation of a free float, those who are benefiting from corruption that is rampant and pervasive in Iraq fail to see those benefits. This means that they have little or no incentive to move toward significant change (namely the float).
4-14-2014 Newshound Guru Enorrste I…am still hopeful…there is a great deal of pressure being exerted from outside Iraq to get this process moving forward. We have seen many steps in the right direction as well. The way I see it, though, is that the trigger could have been pulled for some time now…and yet it hasn’t happened or even been discussed in terms of timing… So it comes back to Maliki and his corrupt cohorts who must be holding this up. I’m just saying…Only time will tell whether international pressure will be sufficient to get us to our goal.
4-14-2014 Intel/Newshound Guru Poppy3 MY GUYS SAID THEY EXPECT IT NO LATER THAN TUESDAY AND THEY AS OF TODAY HAVE NOT CHANGED THEIR MIND. NOW THEY HAVE BEEN WRONG BEFORE BUT THEY HAVE BEEN RIGHT ABOUT MANY THINGS IN THE PASSED. IF THEY HAVE SATISFIED THE IMF IN ALL THESE MEETING OVER THE LAST WEEK THEN IT IS TRUE WE COULD SEE THE RATE CHANGE AT ANYTIME.
4-14-2014 Intel/Newshound Guru Poppy3 IF THEY HAVEN’T COMPLETED CHANGES TO BE MADE YET WE STILL HAVE SOME TIME TO WAIT. TIME WILL TELL BUT ALL THE NEWS IS POINTING TO RATE CHANGE. THEY HAVE PRINTED MORE LOWER DENOMS AND THE ONLY REASON FOR THEM IS IF THE RATE IS CHANGED. WE ARE ALMOST HOME.
4-14-2014 Newshound/Intel Guru Arthur I WOULD HAVE TO SAY THAT ALL THIS SUDDEN BUYING OF ALL THIS ADDITIONAL GOLD WHICH THEY THEMSELVES ARE SAYING IS FOR RAISING THE VALUE DINAR AND ENHANCING THEIR ECONOMY ALONG WITH ALL THESE MEETINGS WITH THE IMF, WB AND WTO PORTENDS REALLY GOOD POSITIVE MOVEMENT IN OUR FAVOR. WE ARE VERY CLOSE TO THE ELECTIONS. WE SHOULD VERY CLOSELY WATCH ALL THESE DAYS LEADING UP TO APRIL 30TH AS THESE CANDIDATES START DOING THINGS TO TRY TO IMPRESS THEIR PERSPECTIVE CONSTITUENCIES. THINGS ARE DEFINITELY HEATING UP AND GETTING EXCITING IMHO.
4-14-2014 Newshound Guru Kaperoni Article: “Parliament’s (time): Central plans to change the current currency” [Have we heard an approx. timeline when these notes will be printed and hit the market?] the context of most articles is they are done. When they start using them could be anytime. Interesting that the Finance Committee is on board…that can only mean one thing..they like the plan and the plan includes raising the value.