Iraqi Dinar Guru opinions 8-31-14
Iraqi Dinar Guru opinions 8-31-14
8-31-2014 Newshound Guru Adam Montana [We know the Iraqi dinar is under a managed float regime In a float The official exchange rate changes with the Buying and selling of the dinar by the central bank which I turn establishes and maintains the exchange rate. Do ya see a way for them to drive up the market rate by setting the dinars rate higher at the banks in Iraq before the official exchange rate is changed?] it sounds like you are describing a way for the CBI to “manipulate” the rate… in which case I have to emphatically say YES – they definitely have the ability to do so! And in my opinion, they WILL do so…to their benefit and also ours.
8-31-2014 Intel/Newshound Guru tman23 This time around there are several reports of people celebrating in the streets in many different areas as ISIL is being extracted…Reports that Maliki and his son have moved cars, furniture and generators through the back gate as they vacate the green zone…Reports the Kurds have submitted their list of ministers…Reports the GOI will be introduced Tuesday to Parliament…Reports the Budget is to be voted on… In other words, all the news is positively overwhelming!
8-31-2014 Newshound/Intel Guru BGG I’m not sure they could hold the value down long enough to do them any good. For instance – if they started out at a dime… (purely hypothetical) – there would be a mad rush initially. Then the value would start to rise once investors figured out what was going on…this rise has been predicted by some well respected economists…it may take as little as 30 days. I don’t think they would get much off the street that quickly. It would take a while just to get to a bank, get verified, get exchanged – etc, etc, etc… a true float would wind up at a “reality rate” so quickly I don’t know they would get enough off the street to risk the down side later.
8-31-2014 Intel Guru Frank26 Every 48 hours they tell You they will ANNOUNCE A FORMED GOI…Because it has been…Yet they do not. May I suggest to believe them on the 8th.
8-31-2014 Newshound Guru Tlar Article: “Law: The next meeting will witness the end the dilemma of the general budget” [imo budget comes after the new goi is sworn in….I sure as heck can’t see them voting it off before and having those monies go to M’s corrupt cronies he has in all the current positions.] they dismissed Maliki’s ministers two weeks ago and these ministries are without certain Maliki Ministers, but are being run by their second or third in command until the new ministers come in. The house cleaning has mostly been done.
8-31-2014 Newshound Guru Kaperoni Article: “Calls for the central ministries to work the new system of payments” Great news for sure as the CBI activates the electronic banking system throughout Iraq. When you look at the bigger picture, this is sooo important. The CBI wants to get the country banking system up to par with the world. Electronic banking/settlements etc is significant to investor confidence and will go a long way towards inviting investment capital into Iraq. As soon as they decide to go to Article VIII and a new Exchange Regime Iraq should really take off. No doubt in my mind and as a result the currency should as well.
8-31-2014 Newshound Guru Adam Montana [just what IS the HCL?] HCL is…the “Hydro Carbon Law”. It is the key to letting Iraq work as a functioning business, and until it is passed there will continue to be struggles with the monies that come in and out of Iraq. Basically, once the HCL is in place… game on!
8-31-2014 Newshound Guru Millionday THE BUDGET IS NOW JUST WAITING ON THE VOTE WHEN THEY MEET I BELIEVE IT SEPT 2ND. [do you feel they vote on the pm and the government Tuesday?] ABADI IS STATING HE WILL HAVE ALL THE NAMES EARLIER THAN THE 9TH FORMATION DATE BUT I DONT KNOW IF IT IS TUESDAY. I KNOW THEY HAVE STATED ALOT IS GOING ON TUESDAY AND…AND HAVE ALOT OF PRESSURE TO FORM NOW. GOV BEING FORMED – BUDGET READY FOR VOTE — AND US ASKING THEM TO HURRY AND FORM…VERY ENCOURAGING.
8-30-2014 Intel Guru Frank26 Once they announce the formation of a full GOI …Things will happen exceedingly FAST!!
8-30-2014 Newshound Guru tlm724 Article: “Calls for the central ministries to work the new system of payments” Quote: “said Bank to clarify that this system is one of the advanced systems dependent and electronic means of payment and provide speed, accuracy and security in the transfer of money…” with this system and the market price moving downward we can take it…as a sign of compliance in the very near future! the 2% threshold for the IMF is within sight. they must reach that price in order to go forward with the currency reform! 1166 x 2% is around 23 pips so a little further and they and us as well, will be golden…and as a side note this system will allow for full accountability of tariff funds received which we know is part of the WTO. Despite it all Iraq marches on!
8-30-2014 Newshound Guru Blueyesinlevis Article: “CBI calls for ministries to work the new system of payments” Digital money…smart cards…modern banking…If most citizens are broke….and they all get DIGITAL payments of HCL money…in essence…they will ALL be FORCED to go to the bank and start using their smart cards. Vendeors will be FORCED to accept the smart cards. In one fell swoop…modern, digitial banking will be FORCED upon them. The underground CASH economy will suffer…and the legal, above boards economy will instantly flourish.
8-30-2014 Newshound Guru Blueyesinlevis Anyone holding the triple zero notes will be very happy…but they are NOT going to be exchanging 10 million IQD for new physical Lower Denoms. The release of the smalls are going to be…much less a part of this than we once thought. Certainly only in country…they are not going to be widely available for us. The CBI simply is not going to print a lot of the smalls. They want to go CASHLESS…and this is the golden opportunity to become the most CASHLESS society on the globe. The IMF and PTB love this idea…I am sure…JMHO.
8-30-2014 Newshound Guru Chattels Jaafari’s statement said the goal was to form a new government “within the legal timeframe,” but didn’t specify a deadline. While legal mandates aren’t always respected in Iraq, the prime minister by law must form a cabinet within 30 days of his nomination, giving Abadi until Sept. 11 to put together a government. Abadi said last week that the negotiations were positive and that he was eager to “form an inclusive government.” the reality is that the news is always mixed, but on balance there is progress and what you read about failed negotiations are just today’s event and part of the posturing and process. i actually consider myself positive and i just try to manage short term expectations to reduce disappointment.
8-30-2014 Newshound Guru Blueyesinlevis Abadi, Hakim, Joubari, Masum… they are all doing it by the book…step by step…line by line…day by day. Love that it is not “Power Sharing” between 2 ego maniacs…but a broad based, constitutional, well designed, specific, detailed, inclusive, apparently binding roadmap. Very encouraging.
8-30-2013 Intel/Newshound Guru tman23 The CBI Board of Directors are the major decision makers in regards to revaluation. If you follow the CBI board you will find many of these decision makers come from Trade Bank…And if you follow Trade Bank you find that JP Morgan is overseeing operations…And if you follow JP Morgan you find that they are directly connected to the UST in regards to currency distribution. The UST has a division called the ESF (exchange stabilization fund). This think tank basically is the architect of world economies in regards to exchange rates etc. If what we are speculating on becoming reality, then you can bet your last dollar the ESF…UST is a large part of making that reality happen.
8-30-2014 Newshound Guru Kaperoni Article: “Central Bank being a set of enhancements to the currency to protect them from fraud” This article above clearly says they want to start releasing the new 10,000 notes by the end of the month (August)… Do you really think some overnight RV is about to happen when they have not even replaced the existing currency in circulation that they just spend millions of dollars reprinting to help strengthen monetary policy within Iraq? Of course not. …I am a realist and the fact is we must continue to wait for the other pieces to be in place before they can open the banking system to the world.
8-30-2014 Newshound Guru Millionday the huge point with the last two reports we have seen is that abadi has stated that with the announcement of the gov formation comes the economic reform entirely.
8-30-2014 Newshound Guru Chattels [when does government get in place? Is this still delayed?] the constitutional ” deadline ” was and is September 9/10, depending upon which article you read/believe, there has been no change or delay with such. the PM – designate, the ministers and the ministerial program (government framework, National Paper, etc.) is voted upon by the Parliament all at once…it should be done by the 9th, is my thinking, it seems very important to all that the constitutional deadline be honored at a minimum.
8-30-2014 Newshound Guru Millionday THE BUDGET IS SUPPOSED TO BE APPROVED WITH THE HCL ARTICLE 140 AND THE FEDERATION COUNCIL AT THE SAME TIME ACCORDING TO REPORTS BUT WE HAVE TO WATCH THE ACTION TO SEE WHAT HAPPENS.