Iraqi Dinar Guru opinions 12-5-14
Iraqi Dinar Guru opinions 12-5-14
12-5-2014 Intel/Newshound Guru tman23 Confirmed a report by the International Center for development studies, based in London, the Iraqi budget deficit poses a clear threat to the economy of Iraq, according to the report, the deficit exceeded $50 billion so that Iraq would be at risk of bankruptcy, Iraq will be unable to pay the salaries of its staff seems to be indicators of bankruptcy is looming on the horizon. So Iraq NEEDS TO PASS THE BUDGET! And to purchase imports their collective major export has lost 40% in value…BUT THE GOOD NEWS IS THEIR CURRENCY IS WAY UNDERVALUED… AND THEY CAN OFFSET THE 40% AND HAVE MORE IMPORT PURCHASING POWER BY SIMPLY… RAISING THE VALUE OF THEIR CURRENCY!
12-5-2014 Newshound Guru Adam Montana [Does the decline in oil prices further support your prediction all along of a $.10 rate?] I’ve been thinking on that one…so far I’m leaning towards “no change” in my guess of the possible rate…the oil price isn’t permanent. Also, I think it will be a floating rate, and it will rise as the CBI is able to. So .10 is still a good possibility even with the lower oil prices.
12-5-2014 Newshound/Intel Guru BGG [Can you explain what is going to happen to all the bills that we have now…because of the 10K new ones…and eventually the 25K ones? Will we need to exchange our old for the new before we can exchange for the dollars at RV time?] I doubt it…ours are in so much better shape it won’t be hard to verify them – is my current opinion.
12-5-2014 Intel/Newshound Guru tman23 I have no explanation for the NEW 3 zero notes…it’s not smoke, it’s listed on the CBI site informing citizens…It is for that reason I believe there may be a “short window” to exchange our 3 zero notes at a high value… “a reinstatement rate” …then come 1/1/2015 a lifting of the 3 zeros… BUT THIS IS ONLY MY OPINION OF ONE POSSIBILITY.
12-4-2014 Intel/Newshound Guru Poppy3 2014 [budget] completed and the balance of projects were moved into 2015 in a effort to expedite completion. BALANCE OF 2014 WAS PAID WITH THE LOAN THEY OBTAINED FROM THE WORD BANK. WE ARE SETTING PRETTY AT THIS POINT. MOST ALL THE BANKING LAWS HAVE PASSED, THE HCL, TARRIFF LAWS AMENDED, AT THIS POINT MANY OF THESE SUPPORT ONE ANOTHER AND THEY CAN’T DO ONE WITHOUT THE OTHER AND THAT INCLUDES THE RATE SO THESE CAN BE FUNDED. WE ALL WAIT AND WATCH FOR THEIR ACTIONS OF IMPLEMENTATION.
12-4-2014 Intel/Newshound Guru Poppy3 [so wto should be coming up next and they need a rate for that right?] BY ALL INDICATION YES THEY DO. NEVER HEARD ANYONE OFFICIAL SAY THEY COULD BECOME A FULL MEMBER WITHOUT A MARKET RATE. I KNOW THEM JOINING OR ANY COUNTRY JOINING HAVE TO JUMP THROUGH A BUNCH OF REQUIREMENTS TO GET FULL MEMBERSHIP. THEY DON’T HAVE TO JOIN BEFORE A RATE BUT IT WILL BE VERY VALUABLE TO THEM WHEN THE RATE IS REVEALED.
12-4-2014 Intel/Newshound Guru tman23 Never seen a deadline met in Iraq yet…But they need to get the 2015 Budget tabled before the 1st of the year…and I suspect by the 15th if they are following their Constitution. Read a report that the 2015 budget is “expected’ to be balanced by the CoM and sent to Parliment next week for reading and vote…usually the first reading gets changes which takes 2 weeks then sent back to Parliament…but they are saying READING AND THEN VOTE.
12-4-2014 Newshound Guru Adam Montana […the US State dept. issued a statement congratulating Iraq for passing the Hydro Carbon Law does this mean the RV will be happening This week or when? Or is there another hold up?] We’re right in the middle of a huge event, and there is definitely a chance that this will roll right into THE big event! I’m not going to speculate more on that until I know more… hang tight!
12-4-2014 Intel/Newshound Guru Backdoc Articles: “Saudi expects oil to stabilize around $60 a barrel” “Saudi Arabia expects oil prices to stabilize around $60 a barrel, Dow Jones reported Wednesday, citing sources familiar with the situation.” THESE ARTICLES CONFIRM WHAT I HAVE BEEN STATING THAT IRAQ WILL HAVE TO CUT EXPENSES, INCREASE NOT DECREASE OIL PRODUCTION, AND DIVERSIFY THEIR ECONOMY! WITH OIL POTENTIALLY HEADED NOW TO 60.00/ BARREL, AND IRAQ ALREADY LOOKING AT A 30% LOSS OF REVENUE, THEY REALLY NEED TO GET THAT INTERNATIONAL RATE TO RECRUIT NEW BUSINESS! THEY DON’T HAVE TO GIVE US A RATE OR DATE BECAUSE THE MARKET ALONE WILL PUSH TEAM ABADI TO ROLL!
12-4-2014 Newshound Guru Millionday ESX HAS CONNECTED TO AMEX NASDAQ. THE ERBIL MARKET WILL JUST REMAIN CONNECTED TO ISX UNTIL THEY ARE FULL ENOUGH OF TRADING COMPANIES. THEY ARE AMENDING THE BANKING LAWS IN A HURRY AND CBI IS IN THE FINAL STAGES — THEY ARE NOT RELEASING THE INFO ON EVERYTHING BUT HAVE REACHED THE FINAL STAGES. THEY ARE WORKING ON ALL THE DIRECTIVES TO ACTIVATE THE IMPORT/EXPORT AND THE TARIFF LAW THAT HAS BEEN ON THE SHELF — THEY WILL NEED TO BE INTERNATIONALLY RECOGNIZED TO IMPLEMENT A MARKET ECONOMY.
12-4-2014 Intel Guru Angelquest I didn’t come in here to tell you it is done however we are pretty sure it is but POLITICS AND BIG EGOS stops it…all the world must be ready. SOMEONE just…asked if I think it will be before Christmas? To answer that I would say I have it on semi-good authority that they do want it out but then again just as good authority it will ALL be done before they seat our new congress…sorry wasnt much help.
12-4-2014 Newshound Guru Adam Montana [The significant drop in crude pricing will certainly affect the 2015 budget and the potential RV. Could an upward valuation of the Dinar overcome the lower pricing and put Iraq on a good monetary footing?] Yes, and it’s also important to note that this drop in price on crude isn’t a permanent thing.
12-4-2014 Newshound Guru tlm724 Article quote: “We are working to modify the central bank laws and money laundering…that the amendments to the central bank and banking laws, money laundering and reached the final stages” this is being repeated in the news and should be! It is going to make all the difference for Iraq, bring them in compliance for the IMF, propel their economy using international standards of operation and will without doubt strengthen confidence in the country as well as the dinar!