Iraqi Dinar Guru opinions 11-1-14
Iraqi Dinar Guru opinions 11-1-14
11-1-2014 Newshound Guru Millionday CBI HAS ANNOUNCED THEY ARE RELEASING 7 DIFFERENT COINS AND SMALL DENOMS AS THEY PULL IN THE THREE ZERO CURRENCY — THIS WOULD REQUIRE THE ACTIVATION OF THE NEW PRICES AND ALSO THE TOTAL REFORMS AND ALSO THE RELEASE OF THE INTERNATIONAL RATES BY CBI.
11-1-2014 Newshound Guru Kaperoni There is no #800s, that is all made up BS. When the dinar begins to rise, more than likely we will have to engage with a currency dealer, or some market maker to open a brokerage account. I cannot see cashing at a bank for this currency…at least initially. It is an emerging market currency, highly volatile and banks would want a huge spread to exchange (like 20% or more). So sit tight and forget about what to do..and let this play out. Once the dinar becomes an internationally recognized currency under the IMF Article VIII, we will learn the conditions. And then we all can learn what we need to do to in that regard.
11-1-2014 Newshound Guru My Ladies THIS REFORM IS ON AUTO PILOT. IT IS JUST A PROCESS…WE ARE AT THE TOP OF THE STRETCH! WE KNOW THE PROCESS OF THE MONETARY REFORM HAS STARTED, WE KNOW IT HAS NO CONTROLLER BUT HAS BEEN PROGRAMED FOR SUCCESS AND WE KNOW DURING THE TIME IT IS MOVING AND GATHERING DATA THE GOI AND THE CBI ARE FEVERISHLY GETTING THINGS DONE. SO HANG IN THERE, WE SHOULD BE NEARING THE END NOW. WE HAVE MUCH TO BE SILLY HAPPY FOR AND EXCITED IN MY OPINION.
11-1-2014 Intel/Newshound Guru Poppy3 THE NEWS IS ALL OUT, WE ARE CLOSING IN BUT ITS ON THEIR TIME TABLE…COINS LD’S AND NEW RATE BY OR BEFORE JAN 1, THATS GOOD ENOUGH FOR ME IF THEY DO WHAT THEY SAY.
11-1-2014 Newshound Guru Millionday [alot is happening in your own opinion are we getting close?] YES IT DOES APPEAR TO ME THAT WE ARE CLOSE.
11-1-2014 Intel/Newshound Guru tman23 Kurds arrived in Baghdad today [Friday]…Massoum is in the house also! Hopefully this has to do with the “announcement” that will lead us into the 3rd or 4th (Nov) that we’re (i’m) looking for.
11-1-2014 Newshound Guru Kaperoni Article: “CBI is preparing to issue a monetary metal parts” Quote: “the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation.” [Very positive.] Yes, it shuts down the articles that said nothing will happen for 5 years and confirms the plan is to start very soon and have it last “up to 5 years”. Not to mention the term “gradual” again…sorry RV folks. This is the best thing that could have ever happened…a gradual appreciation because it means that the dinar will retain its value. And as [Guru] Enorrste has stated, the dinar is undervalued so we should see some sort of correction initially and from there a rise in value based on market forces. CBI needs to finish this replacement project to give them solid ground to launch the transition. Orderly exit! Getting exciting.
10-31-2014 Newshound Guru Enorrste …I have said numerous times before, Iraq is going to be like the “wild west” was in the second half of the 19th century in America. Investors will flock to Iraq to make their fortunes, and they will need dinars to do their business. Therefore, the demand will grow WORLDWIDE for the dinar quite quickly, in my view. The supply and demand within Iraq itself will be minor: worldwide demand will grow based upon the influx of investment into Iraq. Many articles have come out stating that many countries are already chafing at the bit to get into Iraq. Some have already made strides in this direction, but they are minor compared to what will happen once the currency is recognized worldwide (Article 8 and its protections). KAP [Guru Kaperoni] has shown that the plan is to get laws in place to offer insurance protection for foreign investors. That will probably precede moving to Article 8. I suspect all of this will come to fruition within the next 60 to 90 days, after which the float will begin. …I suspect, the CBI has been preparing for a true “free” float (this is why they have raised their reserves so high)…
10-31-2014 RUMOR Guru The rest of the coins are being released tomorrow, and the rest of the cards have been mailed out; they are ‘fully ready to implement the deletion of the three zeroes. They’re looking for one hell of a day tomorrow. The exciting part is that banks that dropped out of the process through frustration, that told their people this wouldn’t happen until next year, those are the people who have re-engaged at this time, including their trained staff, security, etc. They are being briefed and that’s what causing so much excitement at this time. They have come out and said they are absolutely ready, in the CBI and finance ministry. All the side issues have been negotiated and there is a plan to go forward. They have promised that It should be over by this weekend. The weekend plan always sounds good to me.
Fact check, to the best of my knowledge and “searching” the articles and official statements from the CBI/GOI, the coins have NOT even been minted yet, how can they release what they don’t have yet? What sense would it make to release a smaller denomination of currency if the rate is not increased? Assuming that the coins are minted…are the Iraqi’s going to use “wheel borrows” to haul there “coins” to the market place? I don’t think so.
10-31-2014 Intel/Newshound Guru Poppy3 [do we have any more info on when the ESX goes live?] ALL I HAVE VERIFIED IS THEY ARE ONLY TRADING IN COUNTRY AND VERY LIMITED AND THAT THEY ARE PREPARED TO GO INTERNATIONAL AT ANYTIME BUT MUST HAVE A ACCEPTABLE RATE FIRST.
10-31-2014 RUMOR Guru Everything looks just amazing…Iraq is ready, running the same things about currency reform on their television in the next few days. Everyone is getting excited in Iraq, and we’re seeing some new articles about removal of zeroes in the next few days. At the UN, they are eager and ready with their NATO partners, pushing to get this done. In DC, the BIS/IMF have been working like dogs to get everyone lined up. They have done their final checks and everyone is happy throughout the world. The banks have done their checks as well…Even the banks who said “Call me when it’s done” are also 100% ready, and that tells me that this is for real. The pressure is immense to get this done.
10-31-2014 Intel Guru TD I confirmed several points of news & discussion with my Kurdish friend (as always treat all as rumor and do your own diligence). He confirms that the coins WILL BE part of the introduction of the deletion of the zeros program. This actually confirms even more so the LOP to happen as coins will be used in the marketplace along with the new 5, 10, 25 dinar notes. There is NO CONCRETE TIMELINE YET as to when the currency reform will be initiated. As I’ve outlined before they have crafted all these plans on the blackboard as a two year window of 2015-2016 to INITIATE the program AND as the old and new notes coincide (yes coins introduced) THEN it will take about two years more to pull in and retire all the 3 zero notes.
10-31-2014 Intel Guru TD Look, Iraq is notorious for putting plans out there and then delaying them so we shall see…My contact says EVERYTHING is based on unifying the country and having a uniform, safer environment from which to operate. He says the GOI has their hands full with the war, the economic duress and social problems. Sorry to be a buzz kill BUT my contact indicates there is NO RV/RD/RI scheduled this weekend, November or for that matter the rest of 2014.
10-31-2014 Newshound Guru Millionday [what is better for the Iraqs to do , come out with a higher rate or lower rate to control their inflation?] HIGHER. IN THE 90`S THE RATE WAS AROUND 3.22 BUT WE HAVE NO INFO ON THE RATE OR THE DATE. I DO NOT BELIEVE THEY WILL ANNOUNCE THE RATE CHANGE — IT WILL JUST BE THERE WHEN THE INTERNATIONAL RATES CHANGE — THEY JUST ANNOUNCED AS WELL FROM CBI THAT THE BANKS HAVE BEEN MAILING OUT THE VISA BANKING CARDS AND THE SMART CARDS ARE OUT AND READY FOR THE REST OF PEOPLE AS WELL. WE ALSO SEE THAT THE REST OF THE STRATEGIC FRAMEWORK WILL BE COMPLETED AND OF COURSE WHAT IS LEFT IS THE MOVE TO A MARKET ECONOMY AND ALL THAT ENTAILS.
10-31-2014 Newshound/Intel Guru BGG I’m not saying this is happening now – I am saying once you see Fils – they will have to be worth more. Period.
10-30-2014 Newshound Guru Adam Montana […how many laws can parliament vote on at a time? Is it possible that they could act on 2 or 3 laws in the same day, or do they have to take a breather between each of them. And how much time does it take for it to be entered in the Gazette after it is approved.] Theoretically, they can vote and pass as many as they want in a single session – there is no law preventing this. Regarding getting it in the Gazette, I have it on good authority that once these particular items are done and there is an official change in the rate, we will see it published in less than 24 hours.
10-31-2014 Newshound Guru OOTW no new laws at the gazette…we wait. I’m afraid IMHO there’s much more to be done…we need some laws and to re order the judicial food chain., that’s just my opinion…it will be a while yet me thinks.
10-31-2014 Intel/Newshound Guru Poppy3 WHY THE POSSIBLE DELAY THAT IS BEING DEALT WITH EVERY HOUR RIGHT NOW—THEY HAVE NOT PASSED THE BUDGET BECAUSE UNTIL THEY ANNOUNCE A NEW RATE THEY DON’T HAVE FUNDS TO BACK THE BUDGET. THEIR CONSTITUTION WILL NOT ALLOW THEM TO USE THE RESERVES. THEY HAVE TO REACH AN AGREEMENT ON THE RATE AND STEP BY STEP PROCESS TO USE WHEN THE RATE APPEARS TO FUNNEL THE FUNDING TO THE GOI TO FUND THE 2014 BUDGET. AGREEMENTS CAN BE COMPLETED ANYTIME. STAND BY FOR VICTORY. THIS IS WHY NEWS IS SLOW BUT ALSO WHY ITS ALL PROGRESSIVE AND FINANCE DIRECTED.