Iraqi Dinar Guru opinions 12-15-14
Iraqi Dinar Guru opinions 12-15-14
12-15-2014 Intel/Newshound Guru Poppy3 i have never wavered from my research and what the powers that be have stated the rate that was approved and even though they have had many new meetings with the imf not one cbi or imf official has ever stated a different rate. In oct 2010 the IMF web site stated they had approved a new rate on DINAR of $3.22 plus up to 20% more for inflation since the war started. That means up to $3.86 at the highest. Dr Shabibi whom never lied to us about anything stated they wanted to have a median flat rate they can manage for 24 to 36 months while they further grow their economy before going to a float.
12-15-2014 Newshound Guru sczin11 [From what I’ve read, the 2% relates to the spread in any 90 day period within a managed float. It has nothing to do with what the initial rate is.] B I N G O! AND THE IMF DOCS I HAVE READ, HUNDREDS OF PAGES, CLEARLY STATE IRAQ SHOULD COME BACK WITH THEIR PRE SADAAM RATE OF $3.22, AND POSSIBLE COST OF LIVING ADJUSTMENT OF 20% INCREASE/HIGHER… AND OTHER REPORTS AND ARTICLES CLEARLY STATE THEY SHOULD BE CLOSE TO KUWAIT IF NOT A LITTLE HIGHER, AS THEY SHARE A PIPELINE AND HAVE TO BE BROTHERLY COUNTRIES.
12-15-2014 Newshound Guru Tlar I…am a firm believer that all the stalling, the stop and go, is over at this point. I think that the basic holdup over the last month has been that they are so close to the new accounting period (Jan 1st) that they had decided to wait. Through the years the CBI has said that the ideal time is to start on a new calender year so it would not surprise me if that is what they are going to do. We know they are ready because they have said they were ready. We know they have minted the fils because they told us they minted the fils. We can assume that the smalls are printed because they just went through a major printing but so far have released only the replacement notes, not the new smalls. We also know based on what the CBI told us that they will delete the zeros even if the budget is not done, but will do it when the time is right. Then we just heard that the ATM’S will only be ready to do business when they delete the zeros, but are ready and in place…they can only go so far without a currency. Can you imagine with all the new laws passed and getting ready to be passed along with a budget, that they would hold for another 12 months? I personally think that it is the currency that will make it all come together.
12-15-2014 Newshound Guru Tlar So with that in mind I believe we will see the monetary change between the 25th of Dec to the 31st. A new Iraq will go global on the 1st of January in my opinion and the currency is the icing on the cake. I feel that they will not pass up this opportunity again. I also think we will see a reality rate right out of the shoot. I think the CBI is unwilling to shock their society but one time. Not the two step process that they were asked to do. They are on a mission to save Iraq. They are about to do it if they stay the course. Going global is a big part of their strategy. They know there is no choice but to succeed. Again this is my opinion. According to the intel this should already have been done. Change is about all you can expect in a violent storm. Goals and targets are set. As frustrating as it is, they are the moving target. I think this time they will get it right. At least I hope so.
12-14-2014 Newshound Guru sczin11 WHERE ARE WE NOW! I dislike a phrase I use often, however, it is SO appropriate when it comes to the event we all await; “WE DON’T KNOW, WHAT WE DON’T KNOW!” Each time we think we have a handle on the process, and it looks to be the trigger we await, we are hit with additional unforeseen news, of something new in the horizon that must be completed! Are the banking laws completed? are the investment laws resolved? is the CBI rate of exchange in compliance with IMF requirements? Is the country stable? is the government stable? is the CBI truly ready? are the local banks all hooked up to the electronic systems? are the QI/Smart cards fully distributed? are the ports all set up for the custom tariffs to be executed? etc… etc…The answer to these questions is…. We dont know, what we dont know!
12-14-2014 Newshound Guru sczin11 WHAT WE DO KNOW IS THAT THE RAPID MOVEMENT OF NEIGHBORING AND FAR AWAY COUNTRIES TO SET UP SHOP IN IRAQ IS RAMPANT! The participation of the globe in the war against ISIS is real! The technological advancements are clear! the laws being read, and passed are vast! the internal corruption is being cleaned up with full transparency! and most significant to me, IMHO, the world is VERY involved with the BUILDING OF THE NEW IRAQ, FOR A REASON! Folks, we are holding a life changing currency, and let no one tell you otherwise! THE SOVEREIGN, PROUD, RICH AND POWERFUL COUNTRY, WE KNOW AS IRAQ, WILL BE BACK IN THE HEARTS OF THE WORLD, AT SOME POINT IN THE FUTURE!
12-15-2014 Newshound Guru OOTW THE INFORMATION KAP [GURU KAPERONI] IS TALKING ABOUT IS FROM A PUBLICATION PUT OUT BY THE IMF IN 2006…AND YES I’VE READ IT FOUR TIMES THIS WEEK, IT DOES STATE THAT THE COUNTRY NEEDS TO STICK TO UNDER 2% PARITY FOR A CONSECUTIVE OF 90 DAYS. THIS DOESN’T MEAN IT DOESN’T STILL HOLD TRUE…WE JUST DON’T KNOW …EVERY EXCHANGE REGIME AGREED UPON WITH THE IMF IS [DIFFERENT] FOR EVERY COUNTRY. [how many days has it been since under 2%?] SINCE NOVEMBER 30. WE’RE LOOKING AT END OF FEBRUARY IF AND I SAY IF THIS IS TRUE.
12-14-2014 Intel/Newshound Guru Backdoc SINCE THE BUDGET AND HCL ARE TIED TOGETHER A RATE MUST BE GIVEN TO COMPLETE THE AGREEMENTS! WHATEVER RATE IS LAUNCHED CAN’T INCREASE THE NOTE COUNT DRAMATICALLY OR THEY WILL DESTROY ALL THE WORK THEY HAVE DONE IN THE PAST 6 YEARS ON REDUCING THE NOTE COUNT! AN INCREASE TO THE NOTE COUNT WOULD DAMAGE THE CURRENCY’S VALUE! THEREFORE A HIGHER RATE IN THE CURRENT CIRCUMSTANCES WOULD DO LESS DAMAGE TO THE CURRENCY! WHAT BETTER TIME TO LAUNCH A CURRENCY WITH SIGNIFICANT VALUE WHEN CASH FLOW IS LOW AND MORE PURCHASING POWER IS NEEDED? I CERTAINLY DON’T EXPECT UNDER A DOLLAR FOR STARTERS SINCE IT WILL DESTROY THE WORK ON THE NOTE COUNT!
12-14-2014 Newshound Guru Aggiedad77 Me personally, I am looking for some surprising actions by PM Abadi, but they may not happen until after the new year…and I’m ok with that for now…Abadi is thinking and working like the engineer he is…very methodical, check the answers and re-check before committing, sticking with the prescribed game plan, and when something like the issues with oil prices jumps up, don’t over-react to it. Being of an engineering background myself, I like how this guy is operating and running things…for once I am not overly worried with their next actions.
12-14-2014 Newshound Guru sczin11 NOTE TO ALL.. JUST FOR REVIEW, AND FOR THOSE OUT THERE WHO TRULY DONT FOLLOW THE POLITICAL CHAIN OF COMMAND IN IRAQ… ALL LAWS ARE BROUGHT BEFORE THE IRAQ CABINET, ALSO KNOWN AS THE COUNCIL OF MINISTERS, OR COM FOR SHORT FIRST, FOR APPROVAL…ONCE APPROVED, THE LAWS ARE PASSED TO THE GOVERNMENT OF IRAQ, ALSO CALLED GOI, WHICH IS THEIR PARLIAMENT… PARLIAMENT MUST READ EACH LAW 2 TIMES, AND THEN VOTE… ONCE APPROVED SENT BACK TO THE COUNCIL OF MINISTERS FOR ENTRY, WRITING, IN THE GAZETTE… THEIR OFFICIAL BOOK!
12-14-2014 Intel Guru Frank26 The GOI looked right into the camera and said that they are about to activate economic reforms on the dinar that will be beneficial for their currency. It is of our opinion that Abadi is now going to become a proponent for the dinar to have a rate change.
12-14-2014 Intel/Newshound Guru Poppy3 RUMORS IN THE BANKS ARE RUNNING WILD RIGHT NOW. I DON’T SHARE MUCH OF IT BECAUSE IT IS JUST RUMORS TILL WE GET SOLID CONFIRMATION BUT I WILL JUST SAY SOME PERSONAL BANKERS ARE NOW ACKNOWLEDGING THIS IS GOING TO REALLY HAPPEN WHEN THEY HAVE SAID FOREVER IT WILL NOT. I FIND THAT EXTREMELY ENCOURAGING AT THIS POINT OF THE INVESTMENT.
12-14-2014 Newshound Guru My Ladies …IT WOULD SEEM WE ARE AT A VERY CRUCIAL PLACE RIGHT NOW IN IRAQ. WE ARE RIGHT UPON THE INTERNATIONAL RELEASE OF THE NEW RATE…WE HAVE BEEN SAYING …THAT THINGS IN IRAQ ARE DONE. THEY CAN NOT GO ANY FURTHER WITH REFORMS OR LAWS WITH OUT MONEY. THEY HAVE TOLD THE INTERNATIONAL STAGE THEY WILL IMPLEMENT HCL ON JANUARY 1. HOW WILL THEY DO THAT WITH OUT MONEY? THERE ARE MANY MANY OTHER LAWS THAT IRAQ NEEDS LIKE THE INVESTMENT LAW IS A GOOD ONE, BUT HOW WILL THEY TAKE THAT LAW ANY FURTHER WITH OUT AN INTERNATIONAL STAGE? HOW WILL THEY CONVINCE OUTSIDE COMPANIES TO INVEST WHEN THEIR PRIVATE SECTOR IS NOT CAPITALIZED? IRAQ NEEDS AN INTERNATIONAL STAGE TO CONTINUE.
12-14-2014 Newshound Guru My Ladies IRAQ NEEDS THE BUDGET AND THEY NEED IT NOW SO WE CAN PROBABLY SAFELY SAY WE SHOULD SEE AN INTERNATIONAL RATE REAL SOON. THEY ARE SAYING THEY WILL MEET FOR THE BUDGET FOR TUESDAY, SO LETS SEE WHAT HAPPENS BETWEEN NOW AND THEN. IN ORDER TO SHOW THE BUDGET THEY NEED THE CBI TO SHOW THE RATE OR ANYONE ON THE PLANET THAT READS AND WRITES ARABIC AND OWN A CALCULATOR WOULD BE ABLE TO FIGURE IT OUT. ALSO LAST WEEK WE SAW THE CBI SAY THEY HAVE A SPECIFIC TIME FOR DELETING THE ZEROS AND THEY EVEN LED US TO CONCLUDE WHAT THE RATE MAY POSSIBLY BE… SAYING…RETURN TO THEIR REGIONAL AND GLOBAL STATUS; REDUCE THE DIFFERENCE BETWEEN THE DINAR AND REGIONAL CURRENCIES? THE CBI HAS A SPECIFIC TIME? …WE BELIEVE THAT TIME IS HERE. EVERYTHING IS IN MOTION IT WILL NOT BE STOPPED AGAIN WE THINK THIS RIDE IS ALMOST OVER.
12-14-2014 Newshound Guru OOTW THE GAZETTE’S BEEN DOWN FOR WEEKS SO I CAN’T RESEARCH BUT WE DO KNOW THAT TRADE AGREEMENTS WITH KUWAIT, ARMENIA AND JORDAN HAVE BEEN PASSED INTO LAW…AND COMBINED WITH THE NEWS ABOUT IRAQ DELAYING KUWAIT’S REPAYMENTS…IT’S ALL GOOD, KUWAIT WILL BE HAPPY THEY HAVE THAT AGREEMENT IN LAW NOW.
12-14-2014 Intel/Newshound Guru Poppy3 Article quote: “Saleh added, “We need to reform the currency management and accounting systems in the country in general. This can only be initiated in a new fiscal year.” TO ME IT IS SAYING WE WILL BE READY AND HAVE THE RELEASE COMPLETED BEFORE JAN 1.