Iraqi Dinar Guru opinions 11-5-14
Iraqi Dinar Guru opinions 11-5-14
11-5-2014 Intel Guru Frank26 Turki and Malaki had a fight a couple of months ago inside the GOI and I Team had to intervene to break it up; M was giving Turki direction and Turki refused to follow it; Turki was working with Dr S [Shabibi] and the CBI for the MR [Monetary Reform], and M’s desire was for him not to cooperate. I Team is no longer guarding these individuals which, IMO, perhaps signals that the reason they were guarding these individuals no longer exists – if they were being protected to accomplish the MR, (Monetary Reform) and now they are not being guarded…Perhaps the MR is complete? I Team emphasized that the lack of a formally sworn-in CBI governor is not the reason we did not see the rate during October…
11-5-2014 Intel Guru Delta Regarding the governor of the CBI, at the time that Dr Shabibi left and Turki became acting director, he actually had 2 positions in the CBI, and only 1 formal position is allowed; Turki did not have experience as director, however he did a very good job; when Maliki lost to Abadi, Turki also announced he wished to retire; the CBI is governed by a board, and the head of the board is the governor; Ali al-Alaq is the next in line to succeed, but is not sworn in; the governor does not have absolute power, the power resides in the board…So if there is no governor or he becomes incapacitated, the board still holds power, the governor cannot make unilateral decisions, so this means that regardless of the status of the governor of the CBI, the MR (Monetary Reform) can proceed because power lies within the board.
11-5-2014 Newshound Guru Kaperoni …there is significant evidence and factual examples why…a LOP is not happening, but an overnight RV is not happening either…we believe the CBI will do what the IMF tells them to do…the 2013 Article IV Consultation…its pretty clear.
11-5-2014 Intel/Newshound Guru tman23 Anyone can apply for a smart card or visa card, it is no different than here in regards to direct deposit of paychecks etc…along with cash advances and loans. Some of the older smart cards are being exchanged for the NEW version smart card because they no longer work…the older smart card DID NOT have the capabilities to deduct the zeros! FACT! So now that those older cards quit working 11 days ago or so…and the bank telling people they will be able to use the international card outside Iraq “by the end of the year”…Logic and signs point to monetary change before 2015.
11-5-2014 Intel Guru Frank26 [via BulldogFord65] CH7 is layers, and Iraq is still under CH7 but only for some specific items, however it’s not stopping the MR (Monetary Reform).
11-5-2014 Intel/Newshound Guru American Contractor The CBI, Central Bank of Iraq conducts daily currency auctions where private banks along with several currency exchange money stores convert Iraqi dinar to US dollars. The private Iraqi banks have clients that have a need for US dollars to pay for goods and services because payment in Iraqi dinar is far too cumbersome for Iraq business owners. Imagine having to pay for materials for a prime power station in Iraqi dinar currency. That’s lot of paper! Iraqi business people like to use the US dollars for the simple fact that it is far easier to use and less notes to handle when conducting business.
11-5-2014 RUMOR Guru RV DID HAPPEN FRIDAY, MANY BANKS HAVE BEEN EXCHANGING SINCE THEN AND DID ALL DAY TODAY, THEY ARE KEEPING IT AS QUIET AS POSSIBLE, BUT YOU CAN’T DO THAT FOR TOO LONG… RATES ARE LIVE AT BANK SCREENS, THEY ARE BEING MANAGED AS TO WHICH LOCATIONS HAVE DINAR AND DONG. 3.58 DINAR, 1.02 DONG IS THE LAST I SAW, BUT HIGHLY SUBJECT TO CHANGE…ZIM, I REALLY DON’T KNOW. I DON’T THINK THE ADMIN WILL HOLD THIS UP ANY LONGER, BUT WE WILL FIND OUT A LOT MORE TOMORROW [WEDNESDAY]…PRESSURE IS VERY VERY HIGH ON THE US. I THINK THE NEXT COUPLE OF DAYS LOOK REALLY GOOD.
Fact check, the RV did NOT occur, no one exchanged yet. I challenge anyone to provide proof of any exchange.
11-4-2014 RUMOR Guru TerryK GOT A CALL SAYING WED NIGHT…NOT WED MORNING…TREAT AS RUMOR OF COURSE. IM HEARING THE SUCKER RATE MAY HAVE GONE UP TO THE RI RATE AGAIN. [must be close, imo?] WHAT IM HEARING IS DAMN CLOSE.
11-4-2014 Intel/Newshound Guru tman23 No financial information out of Iraq…They are concluding ceremonial celebrations today… Info from Iraq “head port” is there is no information from the government available on the salary increases… Many Iraqi’s inquire daily and are aware of the retroactive pay promised by the GOI…The pay distributed yesterday was for the 10th month…There is chatter among the people that the IQD will increase 40% and the government will use the increase as benefit to the pay scale…???!!??! Explained he receives 2, 650,000 IQD per month in commissions…and this would be worth 3,312.5 usd…saying the chatter is 1.25 IQD rate…But this is all chatter and rumor among them…they are all in the dark…There has been NO FUNDING yet by the government for payments in social security accounts. Nothing wrong with 1.25 if we get to keep the 3 zeros on the note during exchange.
11-4-2014 Newshound Guru Millionday [some say they are waiting for our elections to finish…] I DISAGREE ON THE ELECTIONS — THEY ARE WAITING ON THE MONETARY POLICY TO GET DONE AND THE LAWS PASSED — WE ALSO HAVE THE MEETING WITH THE WORLD BANK.
11-4-2014 RUMOR Guru we could be going for our currency exchange on Wednesday thru Friday. We are sitting on pins & needles waiting for updated information.
11-4-2014 Newshound Guru tlm724 …the cabinet noted that within the next 2 weeks the government oversight electronic system will be up and running. talk about everything coming together! the system will enable the GOI oversight of all the national and regional projects, from conception to completion. no more stealing the money, no more dilly dallying. its’ a New Iraq!
11-4-2014 Intel/Newshound Guru tman23 THE WHOLE IQD SPECULATION REVOLVES AROUND THE 3 ZEROS…The CBI can play the cat and mouse game only until they go international…THEN they will have to be completely transparent with their currency…The banks are telling everyone the cards will be activated for use outside Iraq by end of the year…So we are in a time frame to know!
11-4-2014 Intel/Newshound Guru Poppy3 …NO DONG RV TILL 14 TO 18 MONTHS AFTER DINAR AND RATE .03 CENTS TO A NICKLE.
11-4-2014 Newshound Guru Stryker This is the week that the CoM will be getting everything prepared for parliament review next week so don’t look for major events to take place until then. UPDATE ON ISX – NOT INTERNATIONAL YET BUT THEY ARE GETTING CLOSER. Parliament this week is waiting on the CoM to get the 2014/2015 Budget ready, the Banking Acts ready and the other stalled Laws for the upcoming parliament sessions.