Iraqi Dinar Guru opinions 8-27-14
Iraqi Dinar Guru opinions 8-27-14
8-27-2014 Newshound Guru BGG & Chattels 1203 was the market price reported yesterday, it is 1201 today…less is more and closer to the 2% variance supposedly desired by the IMF . Wow!! More good news. That is big. First time that has happened. The published “market rate” is what is dropping – not the 1166 (auction rate)… the fact that the market rate and auction rate are getting closer together is pretty good news…this is one of the precursors put forth by the IMF before Iraq can gain entrance to article 8 – and international acceptance. first two days it is realistic…which doesn’t absolutely mean it will happen tomorrow – just that it CAN. [So they are now in compliance or close to it?] as I understand it – today they are. I would suspect the IMF wants to see some stability at such a marker – JMHO.
8-27-2014 Newshound Guru Kaperoni Article: “Central action keeps the money of depositors and shareholders” This is a good “pat on the back” article as they say they have done a good job stabilizing the dinar/reducing the spread of late and implementing new policies and procedures with the auctions. I like how they end it in essence saying…despite this accomplishment, they have more work to do. Yes…we are waiting on that. …they probably have fulfilled the IMF requirements and are in compliance now. That does not mean they will request Article VIII tomorrow. In fact, the IMF may make them demonstrate they can sustain it for a period of time as well as they still need to form the GOI, pass stalled economic and banking laws and get some stability regarding the ISIL threat. So it still could be a while. But today is a good day.
8-27-2014 Intel Guru Frank26 The market price dropped from 1217 to 1203…CBI is now within 2% ready to be article 8 International status. Then we said should hear about GOI on 2nd. But cautioned that the 10th is more a reality.
8-27-2014 Newshound Guru Tlar Guys hopefully we should see the RV this week and then you will get my thoughts and an explanation. I am excited by what’s going on behind the scenes but can’t say anything yet.
8-26-2014 RUMOR Guru EXOGEN ‘I’ve got a feeling….that tonight’s gonna be a good night”
8-26-2014 Newshound Guru Millionday [Pressure is building to an eruption…the stars are lining up…] ALL AT ONCE AS WE KNEW THEY WOULD HAVE TO — THEY NEED TO HAVE IT ALL PREPARED — NOT THAT BUMPS WONT BE IN THE ROAD BUT THEY ARE DOING EXACTLY WHAT WE WOULD EXPECT IN THE ORDER WE WOULD EXPECT. THE NEWS IS SO POSITIVE. I HAVE TO SAY TO HEAR ABOUT THE CHANGE COMING ECONOMICALLY SINCE THEY HAVE BEEN SITTING SINCE THE 90`S HAS ME VERY EXCITED. ABOUT 4 YEARS AGO SALEH STATED THAT THE CURRENCY WOULD BE RETURNED TO AROUND WHAT IT WAS IN THE 80`S — I KNOW YOU LONG TIMERS REMEMBER THAT. EVERYTHING IS A HUGE HURRY AND THE HELP THEY NEED FROM MANY COUNTRIES IS THERE. THE GLOBE IN NEEDING THIS EVENT…
8-26-2014 Newshound Guru Stryker Exchange Rate Update: The Market Rate of the Iraqi Dinar dropped to 1203 today from 1212 after dropping from 1217 on August 19th. This means that Iraq is heading closer to the 2% target rate the IMF says is needed for currency reform. It looks like that with the daily auctions at and well over $2 million per day it will not take long to get to the target rate that the IMF has stated Iraq needs to be at to implement currency reform. Target rate needs to be within 2% of the de-facto CBI rate of 1166 and the market rate, and as you can see a 14 dinar drop just since August 19th is a great start.
Fact check, The CBI auctions are around 200 million per day, not just 2 million.
8-26-2014 Intel/Newshound Guru Poppy3 [Your very first post…after your stroke…said rv next week (this week). Do you still feel strongly about that?] I STATED THE SOURCES FELT THE LAST HALF OF THIS WEEK WAS LOOKING GOOD PROVIDED ALL THE MEETING AGENDAS CONTINUED TO BE MET AND MUCH OF IT HAS. I SEE THINGS HAVE CONTINUED TO MOVE IN OUR DIRECTION AND I AM VERY IMPRESSED THAT THEY ARE GETTING SOLID THINGS DONE AND EVEN DR SHABIBI IS THERE WORKING IN OUR BEHALF. I THINK WE ARE AT A DAY BY DAY POSSIBILITY BUT STILL NO ONE KNOWS FOR SURE AND NEVER WILL IN ADVANCE. WE LOOK GREAT AND ARE IN A GREAT PLACE.
8-26-2014 RUMOR Guru Eagle1 [via subtle] all countries except US, Canada, GB & Russia were sent the GCR to banks last friday…those 4 were squabbling over some bond exchange issues that are part and parcel of the global reset…and was told that on friday night “they” were unofficially settled up and they should be able to move things forward on sunday to the forex…On saturday night Eagle1 was advised that things were happening on the forex and traders told him that there was activity on the administrative screens …not the trading screens, with almost all currencies.
8-26-2014 RUMOR Guru Eagle1 Sunday night at 6pm all the currencies were pushed to forex including iqd and vnd….and they had a glitch with the cme…on saturday they were selling iraq bonds which they had been hanging on to for quite some time now…they had to shut down the cme for 2 hours…glitch was solved…The updated currencies then showed up on admin screens at the banks in preparation for the public rv…he received a call from Wells Fargo that all major banks had the rates…He can’t tell us when it will be officially released though…with his past experience (being an x high up in the banking realm ) it does not seem logical that they would wait until the 10th of Sept to release it…The info the Eagle1 has been receiving is that it is imminent…info he also received was that at the close of the Jackson Hole conference…Janet Yellen announce that the Gov’t Of Iraq was seated with Abadi as the PM.
8-26-2014 RUMOR Guru TerryK I’M GETTING FROM ALL MY SOURCES IS THIS IS WITHOUT ANY DOUBT OUR WEEK…PERIOD. I’M STILL HEARING 8.16 ON THE DINAR AND OVER 2 DOLLARS ON THE DONG…TREAT STRICTLY AS RUMORS.
8-26-2014 Newshound Guru Breitling After WWII did Japan and Germany have an advantage by a lower currency? Yes Absolutely. Why would Iraq raise their currency? Wouldn’t that take away their advantage? They stated they wanted to make the IQD a world reserve currency and wanted their people to compete on a global scale. Yes they needed to lower the currency…that’s why we were able to buy it for a 10th of a penny…during the restructuring phase. Why is Iraq going to raise the value of their currency? Because it’s only worth a 10th of a penny…sooner or later they have to increase it or their people will not be able to compete on the world stage. For Iraq to get to the next stage they have to give their people purchasing power…The CBI needs the people of Iraq to have purchasing power to rebuild their infrastructure…so the people can bring home money from other countries in the region and start businesses etc…then we’ll watch the country and wealth explode…it’s going to be fantastic.
8-26-2014 Newshound/Intel Guru BGG Market dropped to 1203 today – BIG FINANCIAL NEWS…puts them well within the required 2% range. [Now it can happen at anytime, right?] numbers wise – yes…the advertised and “market rate” can have no greater than a 2% difference and still be in compliance with IMF requirements to proceed to next status (article 8 – international acceptance). For all practical purposes – they are there…it appears as though they are getting their financial house in order for something.
8-26-2014 Newshound/Intel Guru Arthur We now know from the various meetings and PM Designate Abadi press conferences that the negotiations between the blocs are “positive and constructive”; especially important and positive are the ones between Baghdad and Kurdistan. Although the seating of the COM (Council of Ministers) is an important and necessary step, the most critical element of the political and economic stability compulsory for a potential currency revaluation is the HCL (Hydrocarbon Law). There is no way for oil officials in the provinces to rationally manage their particular sectors without this understanding between politicians and their parties therefore it would be virtually impossible to begin economic reform in earnest without this crucial contract since without it there could be no fair distribution of the countries enormous wealth potential.
8-26-2014 Newshound/Intel Guru Arthur The lack of this Law has also caused a possible split between Kurdistan and Baghdad which would be catastrophic for our investment. …the deadline for the formation of the new government is 9/11 which will hopefully include the 2014 budget which will likely come before parliament in the next phase starting 9/2, and the long awaited and much needed HCL, along with the continually ameliorating security outlook, hopefully completing the economic and political climate necessary for the CBI/PTB to begin the final phases of economic reform including the revaluation of the IQD.