Iraqi Dinar Guru opinions 5-16-14
Iraqi Dinar Guru opinions 5-16-14
5-16-2014 Newshound Guru Kaperoni Article: “In order to revive the Iraqi economy experts: the diversity of the currency basket is the best solution to address the low value of the dinar against other currencies” People don’t understand there is no benefit for Iraq to RV the dinar. A gradual appreciation from 1166 is very profitable for Iraq as the dinar rises, the CBI buys/sells controlling the pace as a monetary tool receiving commissions just like they do now with the currency auctions. What incentive would the CBI have to RV and pass up that financial opportunity? None.
5-16-2014 Newshound Guru Kaperoni …IMF Article IV Consultation [does] not mention any adjustment, RV prior to moving to a more flexible exchange rate policy. It is very clear that the dinar will simply move from the current policy (currency board) to a new Exchange Regime (some kind of float under Article VIII). This change does not involve a rate change first. Once they do so, the dinar will begin to rise based on Iraq’s economic progress, oil production and effects of supply and demand. Those expecting an overnight event are mistaken.
5-16-2014 Intel Guru EXOGEN Forex waiting now live rates watching. Waiting!!! All is superfantastic. Right now the banks are in HIGH ALERT TONIGHT [Friday]!!
5-16-2014 Intel/Newshound Guru Poppy3 THERE IS NOW STRONG WORDS THAT MALIKI IS OUT AND MANY ARE MANEUVERING TO POSITION FOR A GREATER IRAQ WITH NEW LEADERSHIP. I JUST HOPE THEY MAKE BETTER CHOICES THIS TIME THAN BEFORE…
5-15-2014 Newshound/Intel Guru BGG Looks like the new Dinars are in circulation now…a little bit. [The lower denoms?] only 250’s and 500’s that I can see…Not Lower Denoms…which is interesting they would reprint these in a more secure fashion and not all the others as well…they look exactly like the current notes – but with a little circle under the top left arabic numeral (embossed) for ease of identification…and the signature is different than before – reportedly Turki’s.
5-15-2015 Newshound Guru Millionday Report quote: “Says economist Faraj Saad Allah of the best solutions to address the low value Aldenarabraghi against other currencies is the diversity of the reserve with the Central Bank «reasoned that it« will make us deal with the exchange rate of the dinar according to the real value of it.” they are talking about in the near future changing the way that calulation is done…but there is not enough time to make this change or anything like it before the reality value is set for the dinar…
5-15-2015 Newshound Guru Millionday some think that the dinar will float but what they fail to say or at least i would hope they are meaning to say is that it will be set at a rate first — it will not float from 1166 — that would be economic suicide and impossible for trade at a rate that is not a reality rate…in my opinion it will not float at first and will be put to a float after they change the calculations they are discussing here — the SDR and how it is calculated…but the calculation does not come out to $1 — by my opinion — it comes out closer to what Kuwait has but it has not been released yet. this is great great news…IT MEANS WE ARE CLOSE ENOUGH TO BE TALKING ABOUT THE CALCULATION OF THE IQD.
5-15-2014 Intel Guru Frank26 IMO: Once the IR is given to the CBI via the IMF…It can be hidden for a short time. But…Once the CBI presents it to the intern GOI…It will be visible via the CBI website.
5-15-2014 Newshound Guru Millionday Report quote: “Hashemi reflected the role of the free zones to attract investment companies through the signing of agreements and conclude contracts with the countries of the region…” SO WOW — the signing of free zones in the Anbar area shows that maybe there has been some calming in the area and of course that some Iraqis tonight are excited that their jobs are about to begin and be more plentiful… they signed three contracts today for them.
5-15-2014 Newshound Guru Adam Montana [what would you say could be the next 2-3 issues of MAJOR importance that could come together that pushes us closer to our collective goal?] Everything that Kurdistan appears to be doing is PERFECT for us. I’m watching closely at this time. [Who won the election? Did they pass the budget? Where does the HCL stand? The currency auctions decreased for a few days then sky rocketed. What is going on there?] Election results won’t be available in full for some time yet. Budget is in process, HCL is moving forward, and I don’t pay attention to the auctions. (Until the rate changes, I don’t think it’s a reliable indicator of anything.)
5-15-2014 Intel/Newshound Guru Poppy3 RECEIVED WHAT MAY BE THE FIRST SLAM AGAINST MALIKI SINCE THE ELECTIONS AND I HAVE HEARD THAT SOME LEADERS HAVE ALREADY SAID MALIKI LOST VERY BAD AND WILL NEVER BE PM AGAIN. THEN WE GET THIS NEXT POST: “Iraq News Network – International Criminal Court decided to refer the Iraqi Prime Minister Nuri al-Maliki, a group of senior aides to court…the Court now has complete files crimes committed by al-Maliki and his aides…” SOUNDS LIKE THE WORST HE HAD EXPECTED IS STARTING TO HAPPEN. THIS SOUNDS VERY BAD FOR MALIKI AND VERY GOOD FOR ALL OF US.