Iraqi Dinar Guru opinions 7-14-14
Iraqi Dinar Guru opinions 7-14-14
7-14-2014 Newshound Guru Kaperoni Article: “The stability of the dinar exchange shares in maintaining the prices of goods” Quote: “The exchange rate of the dinar in 1220 dinars banking offices in the official exchange rate of 1166 dinars and the price is stable, as the increase up to 2 percent represents an acceptable price and stable, according to financial expert, the appearance of Dr. Mohammed Saleh.” Glad to see Saleh confirm the 2% spread. As well, he makes a very solid statement that the Iraqi dinar would be considered a “hard currency” if not for the absence of mechanisms…which to me means open the currency to the world (Article VIII) and a new Exchange Regime (they must get off the peg and on to some sort of float)…only currencies that float are considered “hard currencies”. The last few days of CBI news does give me more optimism about the banking system. For sure the CBI is pressing forward to prepare for the day of Article VIII and a new Exchange Regime. We just need the rest to fall into place.
7-14-2014 Newshound Guru wmawhite [Do you believe no RV with M [Maliki] around?] We can only go on what the CBI has stated and if the translation is correct, Turki made reference to when the government is decided and that is open to translation. Does anyone really think that Iraq is going to keep to value of the IQD at 1166 when they are going to be the richest country in the region? So if you believe they will or they need to increase the value of the IQD, does it matter to the CBI who is the PM? I don’t think so, just my Opinion.
7-14-2014 Newshound Guru wmawhite It may very well be that the Board of Directors of the CBI are waiting for the formation of the government regardless of who is the PM. Have you noticed that the CBI has continued with the reforms of the banking system…they do not sit still. Besides my thoughts/opinions about the CBI…I too believe that the different blocs will not agree to a government if Maliki is still there. I believe an all inclusive GOI is in their future. [I think/hope that they are ready… get Turki a GOI and he will give us the RV.] Agreed.
7-14-2014 RUMOR Guru TerryK I CAN’T HELP BUT SIT BACK AND SMILE AS I KNOW IT’S RIGHT HERE… ANY MOMENT.
7-14-2014 RUMOR Guru MarkZ All is good. I expect between now and Wed to be full of great news.
7-13-2014 Intel Gurus NOVA & Delta Please See Below And Realize THIS IS THE CBI TALKING! CBI issues Visa cards: Quotes: “The Central Bank of Iraq announced adopting the electronic payments of funds (Visa Cards)…” “The CBI adopted the Visa card system to develop the financial and banking sector and to create an atmosphere of competition among the different banking and financial establishments in Iraq.” “The new system will organize the work of the providers of the service and issuing licenses for them according to the law No. (4326) of 22 June 2014.” WITH THE CBI ANNOUNCEMENT TODAY ABOUT ISSUING VISA IS HUGE ONE. FOR CBI TO HAVE CONTRACT WITH VISA THEY MUST BE ABLE TO HAVE FREEDOM OF MOVEMENT OF CAPITAL! THAT MEANS ARTICLE 8 AND SINCE 1166 IS A PROGRAM RATE THEY HAVE TO COME OUT WITH TRUE RATE.
7-13-2014 Newshound Guru Tlar The POP has been approved by the majority of the blocks. He is Jubouri. There has been no voting yet because the Sunday session was postponed 48 hours due to the Erbil airport being shut in with a sand storm. The Kurdish MP’s could not get to the Sunday session on time so Hafez postponed the meeting until Tuesday, our tomorrow night. It is rumored the SOL may have finally decided to un-nominate Maliki and nominate a candidate acceptable to everyone. At least there are leaks coming out of the meetings indicating this. We will see if that’s true and if so, then we’re are very close indeed.
7-13-2014 Intel Guru Delta [what would happen with our investment, if Iraq would fall apart in 3 smaller countries?] IF IRAQ FALL TO 3 SMALLER COUNTRIES, THEN YOU SHOULD BE MORE HAPPY FOR OUR INVESTMENT, BECAUSE THE CBI BELONGS TO IRAQ AND THE OFFICIAL CURRENCY IS IRAQI DINAR NOT KURD DINAR, ALSO KURDS HAVE NO CENTRAL BANK AT ALL.
7-13-2014 Newshound Guru tlm724 Article: “Industry proceed with the application of the law to protect Iraqi products” I just can’t begin to tell you how important this step is for Iraq and for us! This electronic linking has opened all the doors, they have accountability now which they have NEVER had. the minister of industry is going forward with the laws that were already passed but never implemented! This leads to the full implementation of the tariffs! now the GOI and the CBI, banks are linked and going global according to Gov. Turki.