Iraqi Dinar Guru opinions 4-22-14
Iraqi Dinar Guru opinions 4-22-14
4-22-2014 Newshound Guru Millionday Article: “Central Bank of Iraq declared that it granted approval to the companies of money transfer to open accounts directly in the Bank.” …this is announced as a step to set the international rates permanently but let me explain what they mean…at the airport when you arrive on an international trip — you give the exchange place your usd and get whatever their currency is — that company needs to give you their currency and also make drops of their funds at night as a regular business — so…
4-22-2014 Newshound Guru Millionday they have announced that the companies that will be doing the exchange in Iraq will be able to exchange for dinar or dollar — the national currency is dinar — period — per regulation but – they have huge projects going on — and the usd is the world currency…now they are also going to be able to take part in the auctions — in other words — the dinar will have to have a reality rate for this when it is done — that shows another step and these are by far HUGE steps that are very clear.
4-22-2014 Newshound Guru wmawhite I…believe that because all of this is a critical timed process…we never heard of any news in advance. What we are told about, even the gold buys, are after the fact. It makes sense, they can not, will not, tell the world before it happens.
4-22-2014 Intel Guru Hub i dont pay much attention to the rumors or news articles, i just know the dinar has been a valued currency for hundreds of years and will do so again…very quickly i think.
4-22-2014 Intel/Newshound Guru Poppy3 IT IS STILL SAID BY SOME LONG TIME DEALERS THAT LESS THAN 1% OF AMERICANS HOLD DINAR AND THAT 70% OF THOSE HOLD LESS THAN 100,000.00 DINAR. THEN ON THE LARGE END I HAVE BEEN TOLD SEVERAL TIMES THAT WE THE PUBLIC AND CORPORATION WITHIN AMERICA HOLD APPROXIMATELY 1.2 TRILLION DINAR. I REALLY BELIEVE THIS FIGURE TO BE PRETTY CLOSE TO A CORRECT FIGURE. THIS DOESN’T COUNT WHAT OUR UST HOLDS AND I KNOW THEY WHERE DELIVERED 4.3 TRILLION BACK IN 2005?
4-22-2014 Intel/Newshound Guru Poppy3 NOW WHAT THIS ALL MEANS IS THERE WILL NOT BE LINES OF PEOPLE RUSHING THE BANKS WHEN THIS DOES RV. THERE JUST ISN’T THAT MANY PEOPLE IN ONE AREA TO CREATE A RUSH AT ANY ONE BANK. THERE ARE THOUSANDS OF BANKS TO SERVE US AND THERE ARE 300 MILLION PLUS IN AMERICA, HAVE YOU RUN INTO A LINE AT ANY BANK LATELY. ALL WE NEED TO HEAR IS THE NEW RATE…
4-22-2014 Newshound Guru Kaperoni Someone asked me how long does the CBI have to hold that 2% spread until the IMF will let them leave to Article VIII? I do not know that answer…it could be days or months. I did see once, that the IMF did require that a country hold for 90 days but keep in mind, the CBI has held the dinar stable at 1222 for 3 months already and 1218 for the last week…so they may allow the CBI to transition out of Article XIV to Article VIII in short order..we will just have to wait and see. Once they are in compliance. so many rumors are going around that these article have something to do with dinar dealers in the US etc. it does not…what the CBI stated today [Monday]…is only in Iraq.
4-22-2014 Newshound Guru Aggiedad77 Article: “Central agrees to open accounts directly for money transfer companies” Again…another article that announces the ability of money transfer companies to open accounts directly with the CBI to participate in foreign currency auctions…bringing further stabilization to the exchange rate.
4-21-2014 Intel Guru Frank26 The CBI reached out to other banks (non-state banks), exchange offices, simple mom & pop banks, etc. which is not normal. So they now have bridged themselves so people around the world can go to these institutions and take their 3-zero notes. The timing is what is so important. If I now walk into one of these banks or institutions associated with the CBI outside of Iraq, what will they give me? They will give me the currency of my country. They don’t use their 3-zero notes because they know something is about to happen. The timing for the schedule for something to happen by June 14 is important. The reason the CBI is doing this is because of a “special event.” The only special event they should be involved in is the monetary reform of their currency. They are doing this to get you to come in and exchange your dinars.
4-21-2014 Intel Guru Frank26 All these banks and exchange offices will now be able to help with this exchange and will be able to help the CBI with this process of exchanging the 3-zeros into the LDs and coins. This is coming from the CBI. This is the same group that told Turki to increase the value of the currency “as you see fit.” Have we not seen Turki take us to where we are at now? They are controlling the market price by doing this as well.
4-21-2014 Intel Guru Frank26 It is important they control that market before June 14, 2014. Do you remember that language law? This morning on Iraqi TV they are now saying this language law is going to be implemented now. Talk about timing! The CBI is trying to get these 3-zeros the dealers sold to us back. The CBI wants us all to deposit these 3-zero notes into exchange offices all over the world. These final 3-zero, if they’re not collected back, they will co-exist but you won’t see them on the streets in Iraq. This is a very, very well done monetary reform. Everybody involved should be applauded and will become a model the IMF will use for other countries. This is about as exciting as it gets.
4-21-2014 Intel Guru DC You definitely should be in a very, very happy mood. We are in a great place today. [Is the 30 day window still on the table?] Our understanding is we dont need that much time …most will be done in 7-10 days. This needs to get done while the politicians who make the deal are still in place. It’s important it gets done before the elections. We know the banks are well rehearsed and prepared. The UST is prepared. All have their acts together. We can’t get into anything on rates…expect 3 dollars and anything more than that is gravy…the rates are fabulous…thats all I can say…Everyone will not get the highest rate. It will be a nightmare if it doesnt happen extremely soon. We are really close. Everything is very good sit back and smile.
4-21-2014 Intel Guru Nova One of the things they did yesterday is took a big step in being unable to hide what they’re going to do. They announced they would allow 3rd party institutions to do direct business with the CBI’s auctions. The only way you can do business with CBI is to participate in the auctions. Right now that’s the only way to participate. They have to do a lot of work to do this. They said this would help with money laundering. The main reason is for a “special situation.”
4-21-2014 Intel Guru Nova They don’t typically have “special situations.” It’s not bonds. It’s what we all are waiting to hear. It’s not gold. What other “special situation” is the CBI anticipating? The one that will impact every single person in iraq. To control this process they need to allow every bank direct access to the CBI. What does the CBI want? They want the higher denoms back. So what the CBI has done is say “you deal with us directly” for this “special situation.” That’s it in a nutshell.
4-21-2014 Intel Guru Nova They’re doing it because they want absolute control over the process and don’t want people hoarding what they turn in. What would we do? We would hoard and do everything we can not to spend money because we know something is going to happen. Once this rolls over people it will affect every single person in Iraq. Nobody knows what’s on the CBI’s list, but an action like this by the CBI is done RIGHT AT THE END. They don’t have the time or resources, but it’s what they HAVE to do. Again, it doesn’t speak to tomorrow, but it’s another huge step they are doing what is necessary.
4-21-2014 Newshound Guru Millionday “Central Bank of Iraq declared that it granted approval to the companies of money transfer to open accounts directly in the Bank.” A statement for the Central Bank of Iraq cited that: “The Board of Directors, in its meeting yesterday, decided to let money transfer companies to open accounts in the Bank directly deal with both / Iraqi dinar and dollar / to carry out the purchase of foreign currency.” this is huge…so with the exchange rate coming permanently — we know that the licensing of these money exchange companies are complete so what we have is a step in the process that is a very big step of setting the rates for them and us…they are going to allow them to take part in the auction as well.
4-21-2014 Newshound Guru Millionday CBI will add pressure at some point because they are and have announced they are moving forward and doing it in set steps…they are not loaning money without the budget in place to the iraqi gov but they are willing to move forward with reforms to activate exchanges so that the international projects can begin.
4-21-2014 Intel/Newshound Guru Randy Koonce All banks that deal with foreign currency will be doing the exchange. You will have all kinds of time. Does the budget have to be done before the RV? No. There is nothing that has to be done before the RV. Do I believe this is going past he elections? No. We are in a really good position to RV. Everything right now is line up. The U.S., Iraq and the IMF all need to be in agreement and right now they seemed to be. We are in a very good position for before the elections.
4-21-2014 Intel/Newshound Guru Randy Koonce If it goes past the election and Maliki continues to be the Prime Minister then I am not sure how long, but it could go another 2 years because that means the President and Maliki have figured out how Iraq can survive without it. Obama doesn’t want this to happen but he doesn’t have the money to keep Iraq going. From now until the election the window is extremely hot. Everything I have seen in the last 24 hours says we are done. The LD’s are in the banks in Iraq and are not on the streets. You will not have to sign and NDA. They have dropped the amount that it will come out at, I think between $2 and $3. It will eventually go higher.
4-21-2014 Newshound Guru Aggiedad77 Article: “Central Bank allows for money transfer companies to participate currency auction” According to the CBI they are now allowing money transfer companies to actively participate in currency auctions…an action the CBI states will permanently bring stability to the exchange rate…the CBI is allowing these money transfer companies to establish direct accounts with the CBI for the implementation of procurement of foreign currency…this action should be watched to see what if any effect it has upon the auctions.