Iraqi Dinar Guru opinions 10-21-14
Iraqi Dinar Guru opinions 10-21-14
10-21-2014 Intel Guru Frank26 the ISX is closed, and understand what that means; with the articles coming out that there is an upcoming meeting of the GOI and CBI, know that the meetings have already taken place, I Team was guarding in the meetings and they are done; the GOI has opened and recalculated, and passed the 2014 budget. Be aware that after Oct 26, it is a new year in Iraq, so the article stating the three 0’s will be lifted “next year” understand that after the 26th it is the new year (note: Muharram 1, 1436 A.H. on the Islamic calendar is Oct 25 on the Gregorian calendar).
10-21-2014 Intel Guru Frank26 I Team has confirmed that budget has been opened, recalculated, passed, and IMO, the new software is being loaded on the ISX, and IMO, contains the new rate; no one knows the date or the rate, however based on what they are telling us, how can the ISX come back up at 1166? What about the rate? …it does not really matter what the rate comes out at, it is poised and structured to take off from whatever it comes out at; I Team says they still stand firm with October, they were at the meetings and heard the plan; watch the official Gazette.
10-21-2014 Newshound Guru Kaperoni Article: “Deletion of zeros from the Iraqi currency” IMO, I would rather see a gradual appreciation of the dinar based on economic investment as the IMF Article IV doc states. It’s much safer and we are assured a substantial return on the investment if Iraq succeeds. I am not so sure this delete zeros (or should I say their is no guarantee) is good for us. …nobody knows 100% what Iraq will do. I am still very hopeful the IMF will lead the way here.
10-21-2014 Intel Guru Delta Interior and defense ministers have been welcomed by UN. Regarding the ISX, they are working to attract international investors, however they cannot trade internationally without an international rate; X-stream is the international trading platform, and the ISX is to be back up on Oct 26.
10-21-2014 Newshound/Intel Guru BGG [the CBI has know all the numbers in circulation for some time. They also have given the criteria for economic reform which was a fully formed GOI. Why would they even make a statement if there was 1. No intent to revalue and 2. Their numbers did not make sense and a RV was not possible with the current numbers?] the easy solution to #2 is – use a lower “emergency rate” – which has been talked about. Will it happen (for sure) – who knows? But they are in a tough way and it would be an easy way out of 35 trillion in circulation.
Fact check, some articles released state the the “removal of the 3 zero’s” will occur over the next 5 years, it may not happen as soon as some other articles state, we wait and see.
10-20-2014 Newshound Guru My Ladies IMO, how can the ISX come back up without an international rate as the ISX will be linked to 25 international countries – how can the ISX be linked to other countries and not have an international rate when they resume on Oct 26?
10-20-2014 Intel/Newshound Guru Tlar Rate 1 to 1. When? This week. The stock markets will be testing by the 23rd. Active the 26th. Abadi asked the IMF last Saturday for a couple of days otherwise it would have gone last night. Thursday is likely day. He has his reasons and they are legit. 2015 budget to be opened when done. Will be another rate increase in it agreed to by Iraq. US is responsible for low rate to start. IF I AM WRONG THIS IS MY LAST POST.
10-20-2014 Intel/Newshound Guru tman23 WE all know for a fact that all indicators point to an underlying monetary change that they are busy concealing from public view…AND the BIGGEST CONFIRMATION is ALL REQUIRED LAWS have been passed…otherwise why would Speaker Jabouri be questioning the zeros.
10-20-2014 RUMOR Guru Mnt Goat Iraqi progress is moving forward very rapidly now. The news is just amazing and this could turn out to be a very interesting week…hint…hint. …let us now look at just where HCL is. I, as many do, believe this too is a key to getting the RV done. It also must be concluded to pass the budget. For some reason the original HCL law did not include the children of the Kurdistan region since their census (the basis for payment) excluded children. This is being remedied. This is the hold up with HCL. This law is not resolved until parliament votes and passes it. Once in the gazette we are home free.
10-20-2014 RUMOR Guru Mnt Goat Update on the 2014 Budget: First let me say the 2014 budget is not, I repeat not passed into law. In fact it is not yet even completed. They have not even submitted it to parliament as of today, so far. I believe it has to occur very soon to fund the war effort. There are also other laws too interconnected with the budget law since they are funded by it and the numbers have to be approved first by the laws then placed in the updated budget. It is hard to separate them. This week I totally expect to hear some news that the currency reform project will be restarted and a tentative implementation completion date given to us. In fact I will go out on a limb and tell you it will happen. We are many steps closer to an RV and we can almost see that the weeks (not months) ahead of us could bring us the progress we need to see.
10-20-2014 Newshound Guru Stryker BREAKING NEWS…GOVERNOR OF THE CENTRAL BANK FOR “ALSUMARIA NEWS': THE BUDGET WILL BE SENT TO PARLIAMENT DURING THE NEXT TWO DAYS.
10-20-2014 Intel/Newshound Guru Poppy3 THE ONLY THING BEING DISCUSSED BY THE GOI AND PARLIAMENT AT THIS POINT HAS ALL BEEN FINANCIAL IN REGARDS TO THE BUDGET AND GETTING ALL THEIR PROJECTS OF REBUILDING STARTED BACK. THIS IS GREAT AND THEY ARE FOCUSED ON FINANCIAL REFORM. EXPECT MORE GREAT MOVEMENT IN PROGRESS ALL THIS WEEK.
10-20-2014 Intel/Newshound Guru tman23 Abadi and the CoM can place whom ever they want in the CBI position and Maliki made that quite clear when he appointed Ismail, it is on record at the cabinet of Iraq…That said; the lifting of the zeros is more than just one mans decision and there is a board of directors of the CBI…The Boards members are involved in other financial institutions such as trade bank etc…And Trade Bank is operated by JP Morgan…so the governor of the cbi is not the only one that can or will push the botton to get this going.
10-20-2014 Newshound Guru Millionday IF THE ISX GOES GLOBAL ON THE 26TH THEY WILL NEED TO HAVE A REALITY RATE FOR FAIR TRADE WITH THE GLOBE. [can they open the ISX as stated and not trade global?] I DONT KNOW…THEY MAY BE COMPLETELY READY AND THEY MAY NOT BE — WE WILL HAVE TO SEE IF ALL GOES WELL AND THEY ARE DONE WITH ALL THEY WANT TO COMPLETE — I KNOW THEIR GOAL IS TO OPEN TO A MARKET ECONOMY AND THAT IS PART OF IT.
dinarguru
