Iraqi Dinar Guru opinions 9-11-14
Iraqi Dinar Guru opinions 9-11-14
9-11-2014 Intel Guru Arthur I have just received high level intel I cannot specify for security and clearance reasons but suffice to say there was more to the POTUS’
speech than was meant to be discerned by the general audience. First he described this “counter-terrorism campaign” as “different”…This is Warfare 2.0 using next generation DARPA technologies literally straight out of Area 51… He then spoke of how he has “insisted that additional U.S. action depended upon Iraqis forming an inclusive government, WHICH THEY HAVE DONE IN RECENT DAYS.” That statement gave the green light for the standing by coalition to officially begin Operation xxxx against ISIS as well as for PM Abadi’s government to immediately implement all political and economic reforms necessary to usher Iraq into the international community via full implementation of the Strategic Framework Agreement. We have now entered a brand new phase of the entire process. The domino was tipped tonight [9-10-2014] . The rest will be history in the making.
9-11-2014 Newshound Guru Millionday THERE IS A WAY TO COMPARE ALL PRICING TO MAKE IT FAIR WITH ALL COUNTRIES — THE USD — THE SDR — THE PRICE OF GOLD… PRECIOUS METALS ARE A GLOBAL PRICING TOOL — THE IMPOSED RATE OF THE DINAR IS AFFECTING THE GLOBAL PRICE OF GOLD AND THE REASON BEING THE LACK OF SUPPLY AND DEMAND SUPPLYING THE MARKET IN IRAQ — (MARKET ECONOMY) — THE HUGE MARGIN IN REALITY IS A HUGE PROBLEM WITH THE WORLD MARKET. CBI HAS ANNOUNCED THAT THE DINAR WILL BE BACKED BY GOLD — AND THAT THE MONETARY POLICY HAS THE NEW RATE FOR THE DINAR IN IT AND…
9-11-2014 Newshound Guru Millionday …IT WILL BE WITH THE ACTIVATION OF THE MONETARY POLICY NO DOUBT — AND THE MONETARY POLICY IS PART OF THE ECONOMIC REFORM THEY ARE ACTIVATING…THE US DOLLAR BECAME THE RESERVE CURRENCY. THE CALCULATION IS BEING DONE ACCORDING TO THE PRICE OF GOLD AND WHAT IT SHOULD BE IN IRAQ WITH THE PRICES BEING SET AND THE DOLLAR WILL BE THE PAIRING CURRENCY OF COURSE. YES, THEY ARE TALKING ABOUT THE REVALUE OF THE DINAR AND THE SETTING OF THE INTERNATIONAL PRICES FOR IRAQ. THEY ARE IN A HUGE RUSH DUE TO THE AFFECT IT HAS ON THE GLOBE…WE WILL KNOW VERY VERY SOON…
9-11-2014 Newshound Guru Kaperoni Article: “Central Bank raises a new class of 10 thousand dinars characteristics of high security” So it’s clear now that they have begun to circulate the replacements 3 zero notes (10,000 dinar) as stated last month in which they had hoped by the end of the month (Aug). This IMO also reaffirms as we have been saying for over a year that no overnight RV is coming today, tomorrow or a month from now. I stand firmly believing the dinar will appreciate as the IMF states…”gradual appreciation”… Keep in mind, the purpose for reprinting the existing notes is to strengthen the banking system (so citizens use the dinar, and it reduces corruption or counterfeiting as said by the CBI). IMO, this move does not support an overnight RV, nor a redenomination (LOP) at least not in the near future.
9-11-2014 Newshound Guru Kaperoni That being said, we also know monetary change must occur for the success of a transition to a market economy and the CBI opening the Capital Account (it is a requirement). Therefore, IMO the only thing left is a gradual appreciation as I stated above. One thing people may not understand, is that as capital investment comes into Iraq (and they expect a lot of it) it will create inflation. To counter that result, the monetary tool to use is to appreciate the nominal exchange rate of the currency. That is the very reason an overnight RV makes no sense. I want to say one more thing…on a good note…the faster the investment comes in (and that is why they are lining up all the banks, etc) the faster the dinar must appreciate to offset the inflation it causes.
9-11-2014 Newshound Guru Enorrste They will never…announce the removal of 3 zeros notes. The notes themselves will disappear as the value rises. Would you hold $10000 in one note in your hand, or would you deliver it into the bank as a deposit? The large notes will “fall away” as the value rises. They won’t need to make an announcement. The market itself will cause the removal of the large notes as the value rises.
9-10-2014 Intel/Newshound Guru Adam Montana …there’s nothing but good news to share! The UN is singing praises on their progress, for the first time in recent history they are getting things done on schedule, and this baby is MOVING! I am hearing extremely encouraging news from my contacts… things are getting real, they’re getting exciting, and it’s happening fast now.
9-10-2014 Newshound Guru tlm724 CBI announcements yesterday were geared at informing the citizens of the proper places and procedures for exchanging foreign currency! Why would they do that at this particular stage? What is different now?
9-10-2014 Intel/Newshound Guru Poppy3 …THE MINISTER OF FINANCE OF VN [VIETNAM] STATED THEY WOULD NOT GO WITH THE DINAR BUT WOULD BE 14 TO 18 MONTHS AFTER THE DINAR BEFORE THEY RV. THEY SAID THEY WOULD ADJUST BUT NOT RV…DONG RATE STILL PROJECTED AT .03 CENTS TO A NICKLE.
9-10-2014 RUMOR Guru DC There were several folks who are saying the US in deliberately blocking this and trying to push it to January. Is Iraq agreeing to that? No. They have been trying to block this since March and April. There have been reasons beyond raw politics and hard-nose negotiations. My belief is that the US stopped a lot of their manipulation in late August, when they signed the document along with everyone else. Plan A said that the US would help push this through and stop playing rough. The US had some legitimate reasons. they wanted Maliki out of Iraq…Then in August, everyone else said, “Uncle! Let’s this done.” And now the US is supporting it.
9-10-2014 Newshound Guru Kaperoni “Basic premises of the Government’s program” “The strategic priorities of the government program … provide housing, services, and social security” This is the Iraqi government’s priority list of sorts.. And the first three tell the story for the dinar. Nothing is going to happen with the dinar this week, nor next week, nor the end of this month. Here is the proof! Details…First: a stable and secure Iraq. Secondly, upgrading service and living of the citizen. Third: to encourage the shift towards private sector. …first and foremost they must deal with ISIS first…it says..”First: a stable and secure Iraq” So until the coalition kicks ISIS out of Iraq, we are in a holding pattern. I have heard others (people in the know) say the same thing. Clearly #2 and #3 are exactly what we want to read.
9-10-2014 Newshound Guru Kaperoni So we are in a good position and the dinar will be unleashed hopefully in the coming months once they get boot the scum bags out. Let’s all watch how fast that happens. I am sure that they will work expeditiously to get step #1 done as soon as possible for sure. But it will take some time. The good news is we are on the right track and it does appear that changing the economic conditions are a huge priority for the new GOI. Going to be a fun next couple of months as we watch all this unfold.
9-10-2014 Newshound Guru Millionday Article quote: “the Chairperson of the Committee Tamimi emphasized the need to move forward toward passing the bill the federal budget for 2014 and vote on them this month and a full-time to balance the 2015 beginning of the month of October next” THIS IS SAYING THAT THE BUDGET WILL BE VOTED ON THIS MONTH SO THAT IT CAN BE OPENED ON TIME — OCTOBER 1ST, 2014. THE OPENING OF THE BUDGET WILL BE THE LAUNCH OF PAYMENTS TO ALL IRAQIS — SO THEY WILL HAVE THE RATES SET FOR THEM TO EXCHANGE IN WHATEVER COUNTRY THEY ARE IN — IRAQ OR ANY GLOBAL COUNTRY AND ALSO THE PAYMENTS TO COUNTRIES OWED.
9-10-2014 Newshound Guru Millionday CBI HAS STATED IN PRESS RELEASE THAT THEY DO NOT HAVE TO WAIT FOR THEM TO PASS THE BUDGET TO FUND THE ENTIRE ECONOMIC REFORM — IT INCLUDES THE BANKING REFORM AND THE BANKS WILL BEGIN THEIR REFORM WITH OR WITHOUT THE BUDGET DUE TO THE INVESTMENT FUNDS FROM INTERNATIONAL INVESTORS THEY EXPECT TO HAVE IN BANKS. WE ARE NOT WAITING ON THE BUDGET — ACCORDING TO THE PRESS RELEASE REPORT — BUT WE ARE WAITING ON THE INTERNATIONAL RATES TO BE SET AND THE VALUE TO A REALITY RATE.
9-10-2014 RUMOR Guru Parliament…had five separate votes and all were finished. Even when they had everyone voted in, someone complained about two of them and they installed proxies. Then this morning they came back to Parliament and seated the same two ministers. They had the global meeting three weeks ago, and everyone signed in front of everyone else. No more excuses, everyone signed an agreement saying they fully support Iraq doing their thing in the next two weeks. So now we expect the RV, and instructions have been given in the last 24 hours about rollout procedures. New numbers have been put in the system, times and places and it all says that this is happening now. The 2014 budget has already been approved. They really want to have the RV before the budget…The budget is not required for us to see the RV or RI.
9-10-2014 RUMOR Guru DC In Iraq, the government is fully seated, both PM and ALL the ministers. There resistance melted away for the final two ministers. They voted on their agenda, with an overwhelming majority supporting Abadi’s plan. That pulled everyone together. They have made great progress on the budget, divided up between ministries. That’s going well. It’s not related to the RV, because the RV has been in the budget since 2010. So they have had it for the past four years. It has said that in articles, in public. So it’s my very strong opinion that the budget doesn’t affect the timing of the RV at all.
9-10-2014 RUMOR Guru DC ISIL is being pushed back by a coalition of ten countries. They are all ready to go, and the US President is speaking tonight about that. I don’t believe economic news will be in his speech. The CBI has signaled to everyone “be ready”; basically they told them to be ready by yesterday by afternoon. It is still the CBI’s job to pull the trigger…Banks around the world have been getting ready and everyone is set to go. In Iraq, in the finance committees, they are being told that this is on a timeline coordinated by the IMF and BIS. That’s where Iraq stands on the RV – any minute, any time.
9-10-2014 Intel/Newshound Guru American Contractor The New Iraq Prime Minister Haider Al Adabi will initiate economic reforms as he is more skilled in that area then fighting a terrorist organization. The delete the Zero’s project will start in 2015 only after the Parliament Finance Committee agrees and the Iraqi Parliament pass a resolution allocating funds for the project. The Reval is currently not on the agenda in the cabinet or Parliament meetings. Expect Central Bank governor Turki to be replaced by the end of the year.
9-10-2014 Newshound/Intel Guru BGG [via Blue…formerly BlueyesinLevis] …currency reform could happen any second they decided to do it…not saying it will happen, but they can do this anytime they want. They don’t need more laws, and they are in compliance with the IMF. …there may be, MAY BE, 2 things they want to address: first, unraveling the Council of Ministers from the CBI. Maliki changed this a few years ago so that the CBI was directly under the COM. They will probably want to take steps to make the CBI an independent body once again as it states in the Constitution. Second…they will want to exonerate Shabibi of all charges…that it is definitely on Abadi’s agenda but not completed yet.
9-10-2014 Newshound/Intel Guru BGG Maliki…He is in a ceremonial position as VP of the Republic; he has NO power. He cannot move into the President of Republic position if Masum falls down an elevator shaft. That process is in the Constitution and involves parliament electing another POR, who must be a Kurd. They are working through a process and when the new Finance and Economic Committees get going, when IRAQ decides it’s going to happen, it will happen. If it hasn’t, it’s because they aren’t ready.
9-10-2014 Newshound Guru Chattels Article quote: “Washington urged the Kurdish leadership to participate Abadi in government, because there are significant changes will occur in Iraq in the near future…” ] i hope that one of the significant changes in Iraq is in the value of their currency…!?
9-10-2014 Newshound/Intel Guru Arthur Article: “Obama and al-Abadi agreed on the importance of the new government to take concrete steps quickly to deal with legitimate grievances and aspirations of the Iraqi people” The operative word here being QUICKLY. Does this sound like an American President that is trying to hold something back from the Iraqi people? Doesn’t it make sense that a profound aspiration of the Iraqi people would be to have a market economy with a strong international currency they can be proud of? The entire Arteam has agreed we have never seen Iraqiya TV news as positive and festive as we saw it today.
9-10-2014 Newshound/Intel Guru Arthur PM Abadi and Barzani were hugging with tears in their eyes. Archenemies VP Maliki and VP Allawi were smiling and shaking hands. Minister of Electricity Mahdi announced he will now provide electricity for all citizens effective immediately. And what was the last significant thing we heard from the CBI approximately 60 days ago: Quote: “The central bank will proceed without hesitation to apply the project raise zeros from the local currency in case settled political and economic situation of the country.” Tonight on their TV news Parliament announced that they now have political and economic stability to a level that they are now ready for what they called the “NEW DEAL.”
9-10-2014 Intel Guru WILDDUCK IT HAS BEEN A VERY INTERESTING RIDE OVER THE LAST 30 DAYS. TO BORROW A PHRASE: I NEVER THOUGHT WE WOULD BE HERE AGAIN TODAY. THE NEWS IS NOT BAD, LOTS OF STUFF FLOATING ON TIMING. …REMEMBER. “THIS DEAL WILL LIMP INTO VIEW”. WELL IT IS LIMPING AND IS COMING INTO VIEW MORE AND MORE EACH DAY. STUFF IS GETTING DONE AND WE ARE MOVING TO OUR TURN. REMEMBER THERE IS NO BOOK TITLED “GLOBAL CURRENCY RESET FOR DUMMIES”, HOWEVER THE PLANING OF THIS HAS BEEN GOING ON FOR A LONG TIME AND FROM MY VIEW POINT IT IS ROLLING OUT LIKE I WAS TOLD IT WOULD…THIS IS LIKE A COGGED WHEEL AND IS TURNING FASTER NOW BUT CANNOT BACK UP OR STOP NOW IMO…
9-10-2014 Newshound Guru Millionday THIS IS WHERE WE ARE — WE HAVE A FULL GOV THAT HAS TWO POSITIONS THAT WILL BE CHANGED THIS WEEK FROM A PROXY TO A PERMANENT — THE GOV IS CONSIDERED BY THE INTERNATIONAL COMMUNITY AS UNIFIED AND ALSO COMPLETE — THEY ARE SWORN IN AND WE HAVE MULTIPLE REPORTS STATING THAT IRAQ IS PREPARED TO MOVE TO A MARKET ECONOMY — THIS MEANS DRIVEN BY SUPPLY AND DEMAND — AND
9-10-2014 Newshound Guru Millionday WE ALSO HAVE A NEW AND PERMANENT GOVERNOR FOR CBI THAT HAS ALL POWERS TO DO THE WORK GIVEN TO CBI — HE IS PLACED BY THE GOVERNMENT AND THEY OPERATE AS AN INDEPENDENT TO COMPLETE THEIR WORK FOR THE COUNTRY AND… WE HAVE THE INDIVIDUAL THAT IS GIVEN THE POSITION OF CURRENCY EXCHANGE WITHIN CBI PLACED IN HIS POSITION AS WELL.
9-10-2014 Intel Guru Td Comments to share from my Kurdish friend: As always treat all as rumor. Make no mistake about it: Iraqi has a named government BECAUSE of the pressure exerted upon THEIR leaders by OURS (US, Britain & others) and even then it went down to the wire. This is the norm going forward: Assistance being contingent on progress. Maliki being named VP is no big deal says my friend, it’s a figurehead post. The budget?? Is it dependent on a “new reality rate” as reported by so many. My (economist) Kurdish contact says NO. They have (had) a “reality rate” of 1166 for a long time which will continue as they now focus on geographically unifying the country from the grips of ISIS. This is priority number one for the new government.