Iraqi Dinar Guru opinions 12-10-14
Iraqi Dinar Guru opinions 12-10-14
12-10-2014 Newshound Guru Enorrste Article: “Statement at the End of an IMF Mission on Iraq” The article…makes it clear that the decision to release some of the reserves was made by the CBI in concert with the GOI to fund the deficit. It is speculation to say that Maliki and/or Turki were behind this, since we do not know when the funds were released. In any case, the fact that this came out in an officially recognized IMF article implies to me that the release was on the “up and up” as far as the IMF was concerned. In other words, the IMF didn’t mention anything “fishy” in the reduction of reserves and, furthermore, didn’t even make a comment about the fall in reserves. Therefore, I do not believe this is an issue with respect to the future of our investment.
12-10-2014 Newshound Guru Enorrste At the same time, …KAP [Guru Kaperoni] he made it clear that the IMF will require that the street rate and official rate be within 2% for at least 90 days prior to a move to Article VIII. Whether that means that the country wouldn’t begin the float is open to question. The float decision is Iraq’s to make as a sovereign country. This has been made amply clear in previous articles. We are therefore left with some speculation: Iraq could begin the float any time after the beginning of the new year, as the CBI has stated its intention. OR, they could wait until March when they will have, theoretically, been at 2% for 90 days or more, and, presumably, begin the float with the move to Article VIII.
12-10-2014 Newshound Guru Enorrste However, I do not see a direct connection between Article VIII and the beginning of the float other than that the float could not be initiated AFTER moving to Article VIII. I do believe that the float could begin PRIOR to movement to Article VIII. I have predicted, based on the articles only and not on any specific evidence, that I believe the float will be initiated shortly after the new year. I see no reason in this article to change my position. I just got to thinking that entering Article VIII isn’t necessarily directly connected to the value of the dinar. Of course the dinar would have to be tradable in order to move to Article VIII, but that does not mean that the two have to happen at the same time. Also…a free float will bring the official rate and the street rate together overnight.
12-10-2014 Newshound Guru wmawhite We know for a fact, the PM, COM, & Parliament are juggling a bunch of balls in the air and they tell us they are trying to get to some place with it, they are trying to get the first budget passed prior to year that it is required and we understand too that they can’t do anything with that budget until they change the value of their currency. They cannot do any of those investment items that they talked about, that’s a fact. So, if they are going to live by the 2015 budget sometime in 2015, then things are going to have to change in our favor.
12-10-2014 Intel Guru Jester NO ONE… AND I MEAN NO ONE… NOT THE 100% CONFIRMED BS… NOT ANYONE… KNOWS FOR SURE THE TIMING…AND THEREFORE SINCE THAT IS UNKNOWN… THERE IS NO WAY TO KNOW HOW THE PLAN WILL UNFOLD…EVEN NOW THE REST OF THE WORLD CONTINUES TO PLOW FORWARD ON THEIR PLANS WHILE THE US RESISTS THE CHANGE… THE WORD TODAY IS STILL INEVITABLE… THAT THINGS ARE MOVING AROUND… NO TIMING IS GIVEN…
12-9-2014 Intel/Newshound Guru tman23 One of the biggest debates is the IQD float…BUT…Does the recent correction of the usd mean anything? With the value of the dollar constantly changing it is hard to tell what it all means. Can you imagine trying to build a house if everyday when the workers arrived you gave them a different size ruler? Interesting thing is that Iraq had a rate of 3.22 when oil was something like $30 a barrel…But who knows….it’s just interesting!
12-9-2014 RUMOR Guru TerryK I’M HEARING A SHORT DELAY IN OUR BLESSING…BUT THEY WOULD NOT TELL ME HOW SHORT OR HOW LONG. …THE THREE SOURCES I TALKED TODAY KINDA HINTED TO THIS WEEK YET, SO WE SHALL SEE.
12-9-2014 TOTAL RUMOR Guru …the vast majority of people will get the international rates. Who will get the contract rate and why? China made a deal with the UST saying they would pay more to the groups that packaged their people together, so that they can get the oil credits, like coupons. Some others then said, “Hey, if the groups made that agreement, I want some of my customers to get that rate as well.” China set up a pool where people could exchange at that higher rate. They agreed to have a percentage of the general public to have a contract rates similar to what the groups are getting.
12-9-2014 TOTAL RUMOR Guru It is NOT a majority of the general public, but here is a good amount, a fair amount, that will go to general public exchanging at contract rates. We know groups and some people are being paid out through the summer, and now they are cranking up that number significantly. Some have exchanged at contract rates, and there is still plenty for us. However, only those who are lucky or quick to dial in will get that access. The banks do not have the numbers because it depends on how much dinar any individual brings it. It’s still a legal obligation for them to allow that to the general public.
Fact check, No one is being “paid out” or “exchanging”. Answer me this… How are they “exchanging” when you can still buy Dinar thru the dealers for about $1000 per million Iraqi Dinar? What stops them from just buying more Dinar and exchanging at the supposed “contract rate”? Short answer…IT’S NOT. One more thing, China has NOTHING to do with the exchange rate of the Iraqi Dinar, that notion is absurd.
12-9-2014 Intel/Newshound Guru tman23 Why hasn’t the 2015 budget been presented to Parliament ? Is it declining oil prices and the focus on the amount of the 2015 deficit? Reality is the GOI needs to get the show on the road BUT BUT BUT…If that 2015 Budget hits Parliament and there is a battle/argument/debate over the 17 percent that the Kurdistan region is receiving …The Kurds are not arguing/debating/ or even sticking around to discuss the subject…GONE-GOODBYE…And Maliki is trying his best to keep his insiders rallied against the Kurds…This is why the Budget has not been in Parliament and this is why Jabouri is in Kirkut today speaking with the Governor…… Basically….Kurds could give a rats a**…they have their agreements and are set…And the international business world is ready to open the doors in Kurdistan.
12-9-2014 Newshound Guru Kaperoni Article: “Legislative power: raise zeros will not affect oil prices” No matter how you look at it..as the float starts or the Law of Indebitness there is no chance the zeros will be gone in 2015. The articles describing the process from a few months ago clearly stated it could take 4-5 years once it began. I believe IMF Article VIII will occur in 2015 (which will give freedom of movement of capital to occur), but many people are going to be surprised that the dinar’s value will remain low until investment begins to flow into Iraq.