Iraqi Dinar Guru opinions 9-26-14
Iraqi Dinar Guru opinions 9-26-14
9-26-2014 RUMOR Guru Mnt Goat …this week Iraq sessions once again did not get the needed votes to confirm the last of the few ministers. I am hearing this is once again on the agenda for next week along with the first of the readings on some new laws, treaties and reforms dealing with the economy and financial reform list. Remember also we were told 4 years ago there would be no RV without the Erbil reforms. This still holds true. Many of these past Erbil reforms are now part of the 27 reform list. The latest of the reform is scheduled to be completed by February of 2015.
9-26-2014 RUMOR Guru Mnt Goat Some say the RV has already happened. I do know for a fact it has happened on paper but the impact is minimal and is being withheld globally due to this new terrorist attacks and the instability it has brought to the region. To what extent does ISIS have to be controlled in Syria and in Iraq to allow economic and financial stability to blossom in Iraq? I believe they will meet this criteria when the Iraq government is completed (more stability) and is able to perform the defensive and security measures needed to secure the boarders of Iraq (more stability) on their own. Then we have a real good shot at seeing this RV.
9-26-2014 RUMOR Guru Mnt Goat Summary: We continue to wait once again for the controversial ministers to be seated…the Defense and Security ministers…I am told there is very good possibility this could happen in next week’s sessions in parliament along with possibly the budget being voted on. I think the 2014 budget is being held hostage until these ministers are seated. Let us also not lose sight of the 27 demands as part of their Unity Plan (unification of the three major secs) now in progress. Many of these economic demands have a 1 month implementation timeline so we could see much progress by mid October in this area. Then when can we expect the RV? …we wait for a formal (global) announcement to the public that the Iraq government is now fully formed and seated…this final announcement of the IQD going international will not happen until the USA feels the country of Iraq and its government is stable, non-sectarian and is a functional government. This is has been the plan all along.
9-25-2014 Newshound Guru Kaperoni Ok so i had the translator read through this…all the credit goes to him…This sixteen page “academic” analysis by Dr. Mathhar Saleh is extensive. He touches on the fundamentals as well as the technical factors that affect the value of the dinar…from what I read and between the lines is that the dinar is undervalued at the present time and at the first sign of stability in the security situation there will be more pressure to raise the value of the dinar and quickly…obviously supply and demand is a major factor if you want to float the currency. Demand will come with stability and monetary policies by “forcing” companies to accept getting paid in dinars and that day may come but when is the million dollar question!
9-25-2014 Newshound Guru Kaperoni Then he finishes by saying this…”In my opinion the Iraqi dinar had bottomed out and will recover soon but how fast and how soon remains “wishful thinking!” – I am sure we will start hearing more about monetary policies very soon.” [Kaperoni, When do you suppose this RV shall happen then? IYHO] i let the experts decide that…but it sounds as soon as stability sets in. IMO they need the laws to support the transition to a market economy and banking laws to support international investors. Once we see that done, we are close. And I would hope to see the CBI talking about Article VIII…when the CBI moves to article VIII, it must float…no options.
9-25-2014 Newshound Guru Enorrste Article: “Economists are demanding action against the Central Bank to intervene and call for respect for its resolutions” [Shabibi’s statement:] “the process of deletion of zeros is not an economic process, so it does not affect inflation,” explaining that “what affects inflation is monetary policy, and that the deletion of zeros does not fall within the monetary policy, which is not of their tools.” When Shabibi says that the removal of the three zeros is not an “economic process” he is simply saying that the actual removal of the large notes from circulation has nothing to do with “economic policy”. He is quite specific in this regard, because he says that the removal of the notes themselves is not one of the “tools” of the CBI monetary policy. Monetary policy is driven by two tools essentially: the money supply itself, and raising or lowering of interest rates. Through either of these the CBI can affect growth monetarily.
9-25-2014 Newshound Guru Enorrste However, the removal of the three zero notes, in itself, is NOT a part of their monetary policy. Therefore, this has nothing whatsoever to do with a LOP. To further prove the point, all we have to do is read this quote from the article itself: “He continued by saying, ‘It was supposed to be a project to raise zeros culmination of the efforts of the Central Bank, to put us in front of the completion of a historical era important in the monetary history of contemporary Iraqi,” Clearly a LOP is not a major historic event. Countries have done it many times over with no appreciable effect worldwide. However, THIS project is different in that it will put Iraq at the “front” of the line, so to speak. In short, this article has nothing to do with a LOP while at the same time re-affirming what we already know: that the removal of the three zero notes will lead to a major rise in the value of the dinar.
9-25-2014 Intel/Newshound Guru tman23 SO, The General Secretary Council of Ministers call for today (Thursday) to be a public holiday in Baghdad in honor of…martyrdom of AL- Imam, Mohammed al-Jawad. But records show that the death of Jawad was the 29th. So the question to ask is…Why today, Why a 2 day notice to observe? IMO there is oh so much more to this.
9-25-2014 Intel Guru Frank26 This is one of the key issues that my TEAMS wanted to convey last night via me…IT IS THE FACT That powerful economists AND Dr Shabibi AND THE CBI not suggesting but explaining that THE CBI NEEDS to and STILL PLANS to lift the 000’s…IS SO VERY IMPORTANT TO OUR HOPE!!! THE FACT that THE CBI IS TALKING about lifting the 000’s is because…THEY WANT TOO!!! Or they would continue to be Illusive. They are being VERY DIRECT…TO THE POINT.
9-25-2014 Newshound Guru Mailman17 VERY RARE, IF EVER HAS THE POP MET WITH THE CBI GOVERNOR REGARDING ANY MATTER. I BELIEVE THIS MEETING WAS THE CBI TELLING JABOURI TO GET THESE LAWS PASSED THIS WEEK…AS THEY INDEED ARE NEEDED FOR HIM TO MAKE A RATE CHANGE. THAT GOES FOR THE BUDGET AS WELL. HYPER SPEED HAS BEEN THE ONLY SPEED THE GOI HAS BEEN AT…AND I THINK THEY ARE EVEN GONNA GO FASTER THAN THAT. OCT 1 IS STILL A DATE TO LOOK FOR. AS FAR AS THE DEFENSE MINISTER AND THE HCL…I EXPECT THOSE TO BE DONE AS WELL BY OCT 1. WE ARE FINALLY AT THE END OF THIS RIDE…AND UNLIKE THE OLD DAYS WHERE WE EXPECTED THE ROLLER COASTER TO COME TO A HALT…THIS ONE IS GAINING SPEED AND WILL BREAK THROUGH THE GUARD WITH THE RV AT THE FRONT…JMO.