Iraqi Dinar Guru opinions 5-3-14
Iraqi Dinar Guru opinions 5-3-14
5-3-2014 Intel Guru MarkZ The IMF, US, BRIC heck everyone is scrambling because Iraq forced the issue when they moved forward with the RI. [Do you think just the RI rate from Iraq about $3.22 will be released or a full RV/GCR with all the countries?] I think we will see a blending of it. I am THINKING RI for a few days…and then an RV to establish a proper long term value. My opinion only though… [If only an RI of the dinar- sure leaves a lot of VND holders in limbo?] They will go at the same time, no worries. IMO. Most of my other contacts have gone silent which is to be expected here at what appears to be the final hours.
Fact check, there has been NO confirmation of an “RI”.
5-3-2014 Newshound Guru Kaperoni Article: “Lebanese banks seeking financial boom in Iraq and check to avoid money laundering” Quote: “did not come to Iraq to engage in dollar tenders organized by the Central Bank through currency auctions,” Love that line… In other words, were not here to make 12 dinars per dollar with your currency auctions…we’re here to lend and do banking business! This is a sure sign IMO that the banking system and capital account will open soon. And that means compliance and Article VIII…our strongest weapon for the appreciation of the dinar is the market economy.
5-3-2014 Newshound Guru Kaperoni Article VIII is required for investment and capital flow, and once they do that, a new exchange regime is required (some kind of float) that would let market forces dictate the rate. You cannot bring in investment, open the capital account and not have some sort of float in place. That is clearly stated in transitional documents. The result would be inflation. So the bottom line is once they go to Article VIII, they can no longer keep the dinar weak. All of these banks, investment agreements, etc. are lining up the transition to create a huge economic boom heard around the world once Iraq passes the laws and open the banking system.
5-3-2014 Misinformed Intel Guru MarkZ [I have it confirmed from a great source that this Tony statement is true: “It is sitting on the bank screens right now. Right now they are trying to execute the announcement of it.” You agree?] I will step out on a limb. Yes I agree with Tony on that. [Is the 3.22 firm? I have been told rate at time of sanction plus inflation?] We can’t answer that without setting ourselves up for legal issues later. I am looking for higher though. IMO. We are in a great place and Maliki calling for the RI has forced a serious fire to be stoked under the US. It appears to be in the final hours. I personally think by the 15th at the latest.
5-2-2014 Misinformed Intel Guru DC The RI was initiated last Saturday pm/Sunday am and it’s an international mandate that everybody must follow. We are beyond the notification timeline to do so.This morning in the Mosque the RI was announced yet again. They announced that they were reinstated and internationally accepted. Everyone is ready…banks/security/BIS/IMF. All have been briefed on last minute changes. The rate was loaded and was live throughout the entire US on all banking screens Wednesday night/ Thursday morning and then it went on administrative hold again…somehow we had a “technical” issue and it makes you highly suspicious. They are addressing it and fixing right now…they are past the point of negotiation. The US is at a place they have to go with rest of the world. Iraq’s been generous and had enough. All looks good and the shenanigans are out of the way. It’s been curtailed & is now moving forward.
5-2-2014 Newshound Guru Millionday the election results are being counted and will not come out until 20 or 30 days go by – the parliament that is in place will be working until june 14th – the new is to take their place on june 15th. [do we have to wait for the government to be placed before the CBI does its thing?] i dont think we have to be — we dont know the date but no they do not have to wait.
5-2-2014 Newshound Guru Stryker Turki announces today that the central bank will proceed without hesitation to apply the project raise zeros from the local currency once the political and economic situation is settled in the country. Folks, if you’re not excited you are just not paying attention…
5-2-2014 Newshound Guru Kaperoni Article: “Parliamentary Legal : Maliki will end his term in mid-June next” quote: “the mandate of Prime Minister Nuri al-Maliki will end in mid-June next , while turning to a caretaker government after the expiration of the mandate .” To funny, he is the caretaker government. Maliki’s term may end when Parliament recesses, but the caretaker GOI takes over (which is Maliki) lol. And he will squat until he gets enough seats to form a new GOI.
5-2-2014 Newshound Guru Kaperoni I have never heard of a timeline for caretaker gov. So he can sit and sit and sit until he gets his way (remember even his ad campaign talked about a majority government) which is a consolidation of even more power than he has now. Maliki is not walking away quietly…the only scenario I see that happening is if the other blocs form a conclusive alliance that gives them clear numbers (163 or more) seats. Then the writing may be on the wall. But don’t hold your breath.
5-2-2014 Newshound Guru Aggiedad77 Article: “Central Bank: Delete the zeros from the currency is linked to the stability of the political and economic situation” Interesting news out of Turki and the CBI this morning…especially since it is a Holy day for them…he is quoted as saying the lifting of the 000’s will not happen unless there is a need from a political and economic situation in Iraq…that is a pretty bold statement from him that he sees “both” a political situation AND an economic situation being the cause of lifting the 000’s…well if the election results put them in a bind like in 2010…AND the fact that they don’t have a budget for 2014 STILL…IMO…that sounds like the perfect timing for him to take this action…he also denies that this restructuring of the currency would take place next year…oh that sounds good to me.