Iraqi Dinar Guru opinions 5-5-14
Iraqi Dinar Guru opinions 5-5-14
5-5-2014 Newshound Guru Shredd [Shredd how does a country grow the gdp last year to around 13% and still have a rate at 1166?] that is the nature of a managed float, it’s not reflective of what the rate can and should be…it’s all about timing to CBI. [does that mean they can…keep the rate at 1166 for a long time?] they have to mitigate counterfeiting, ensure banking laws are in place, launch the removal of the large notes, release the mid and (eventually) the smalls, they need to be fully compliant with the IMF…technically, sure but it’s quite obvious they have been building and planning otherwise…if the plan was to stay at 1166 for a while longer, the CBI would be releasing new 000 notes but tons of articles are saying the middle notes.
Fact check, The CBI IS “re-printing” the 3 zero notes too. Here is a link to the article confirming that statement. https://iraqidinarchat.net/?p=27280
5-5-2014 Newshound Guru Shredd for me, the part of the current picture that is unknown for how long it will continue is the usage of the USD but it makes sense we don’t know this because knowing the plan around the usage of the USD would tell us the plan of the dinar denominationally speaking, the Iraqi economy needs reliable and practical currency notes and for now, Iraq continues to be a dual currency country something the IMF wants them to get out of. I really look at all of these preparations as fact that a monetary change is coming soon.
5-5-2014 Intel Guru MarkZ …I feel more than confident that this is our month no matter what.
5-5-2014 Intel/Newshound Guru American Contractor The official election results will not be published before the 25th of May. Iraq political groups will attempt to publish results however, it is the Iraq Electoral Commission who has the final say.
5-5-2014 Newshound Guru Kaperoni Article: “Commission: We will announce the preliminary results of the elections after the “25” of May” Pretty clearly stated after the 25th. Sit tight and relax.
5-4-2014 Newshound Guru Kaperoni this is a speculative investment of the highest kind…but my faith is that the CBI is following the directive of the IMF. In the last Article IV Consultation (May 2013) the IMF stated at least 3-5 times that the CBI needed to comply and accept Article VIII. Which is what we want for the dinar to rise in value. Here are those quotes…”…with a view to accepting the obligations under Article VIII”, “…ultimately complying with Article VIII of the Fund’s Articles of Agreement” & “The CBI is working closely with staff on complying with Article VIII of the Fund’s Articles of Agreement” To me, if the CBI follows through and does this, the dinar will rise in value. And that is a good thing.
5-4-2014 Intel Guru Frank26 M [Maliki] has nothing to do with the MR [Monetary Reform]. As I said he is a delay in the Lava Flow of The MR. The delay is within the time of the election results and his outcome. We wait to see where he Lands. Then GOI sits And God willing The Lava Flow continues without M and the CBI giving the GOI a new rate for the 2014 budget that is beyond late.
5-4-2014 Intel Guru hub if the dinar is not revalued, then all consumer products in iraq will have to be priced to the value of a 25000, 10000, or 5000 dinar price, no way to make change, so the pricing will constantly change, just as did the kuwait dinar, the mexican peso, the german mark, japanese yen, all the african currency, canadian dollar, and the rest of the worlds countries that have changed the value of their money, oh, by the way, they have all changed the value to coexist with the markets of the world, and so will iraq. [You wouldn’t know when would you?] in my worthless opinion, and from the currency broker contact, its ready now…he is scratching his head about why its not happened.
5-4-2014 Newshound Guru Aggiedad77 Article: “Parliament intends to set a date for a meeting to discuss the budget passed” There will be discussion over the next couple of days for Parliament to meet to further discuss the budget…the quartet that was formed to reach an agreement on the budget have not done any better than anyone else to date…no agreements have been reached…not sure how legal this is but the Speaker of Parliament Najafi has extended the work of Parliament by one month to June 15…so we continue to wait.