Iraqi Dinar Guru opinions 12-16-14
Iraqi Dinar Guru opinions 12-16-14
12-16-2014 Newshound Guru Millionday WHEN THE BUDGET IS DONE AND SENT TO PARLIAMENT THEY PLAN ON HAVING A ECONOMIC REFORM MEETING WITH MANY EXPERTS AND OFFICIALS — HUGE NEWS. THE PREVIOUS GOV HAD A JOB TO DO AND THAT WAS TO HAVE THIS BUDGET READY MUCH SOONER — THIS IS CAUSING PROBLEMS AND THEY HAVE HAD TO ADJUST ANYWAY — SO THEY WILL BE DISCUSSING THE MANY INVESTORS AND ALSO THE CHANGES PROMISED AS THEY APPLY THEM FOR THE COUNTRY — THIS HAS BEEN PROMISED BY THE END OF THE YEAR…IRAQ IS ON THE VERGE OF AN IMPORTANT AND STRONG ECONOMIC SITUATION. WE ARE AND THE CITIZENS WILL BE SEEING MANY ANNOUNCEMENTS TO DO WITH THE CHANGE COMING AS IT HAPPENS.
12-16-2014 Newshound Guru Tlar If at 2% rule for 90 days is all important for Iraq to change the value of their currency, what did the IMF mean when they implied that their work with Iraq is done given they supposedly are only one month into a three month requirement? Based on…how difficult under the present monetary system it is to hold at 2% for an entire month let alone 90 days, one could almost assume that the IMF statement could mean they have “given up” on Iraq based on their history. We know this isn’t true. Iraq has set a few dates when they thought they might RV only to pull back IMO because of the Maliki governments pressure. At the end of last year we know that the finance committee had let it slip that Turki had intended to delete the zeros in January of this year (2014). I speculated at the time that that leak caused a run on the banks as Iraqi’s tried to get their dinars into a cash position. Either way, the CBI was not in compliance with the 2% rule.
12-16-2014 Newshound Guru Tlar You could make the argument that the 2% rule itself was the reason they did not RV on the dates they wanted to. But those who have watched this soap opera might take this view differently as the facts of the Maliki’s involvement with this independent body from trying to muscle it, trying to raid it, from using the Judicial branch against it, to trying to discredit it, all in an attempt to loot it, was the true root cause of no RV until now. Rules are meant to be bent in cases where the benefits of doing so are greater than the deficits of doing so. I also firmly believe that this project is late. When Christine Lagaurd gave her speech in January she suggested 2014 would see monumental improvements to the world economy. So far that prediction has not come to pass. Once again, I feel Iraq may be partly to blame having taken much longer to rid itself of the dictator than the international community thought it would and to unwind the mess he had created. Just my thoughts…
12-16-2014 Intel Guru WILDDUCK NO MAGIC NO ILLUSION. JUST PROGRESS AND TIMING ON THE WORLD’S BIGGEST EVENT. THEY CANNOT GO DOWN TO BARNES AND NOBLE AND PICK UP A COPY OF GLOBAL CURRENCY RESET FOR DUMMIES. SO THIS MUST PROGRESS BASED ON REAL WORLD EVENTS AS THEY UNFOLD. WE ARE IN A GOOD PLACE THIS MORNING. MAYBE NOT THE PLACE BUT WAY BETTER THEN LAST YEAR. PATIENCE IS A GOOD THING. THERE IS ONLY ONE CHANCE TO GET THIS RIGHT THE FIRST TIME.
12-16-2014 Newshound Guru Adam Montana [Do the Iraqi’s use the dinar for their daily use or do they use the USD ? And if it IS the dinar, is it the same as the dinar that we are holding? And What is the possibility that they might decide to print another dinar at the time of an RV creating our worst fears…a worthless piece of paper?] They use both USD and IQD. I am not concerned at all about them printing new notes that would render ours “worthless”, simply because they need the world’s support in order to RV. They can’t do it alone… so we will be the lucky ducks riding the coattails of the big dogs.
12-16-2014 RUMOR Guru Everyone is still exactly where they need to be in-country, with all the teams still there helping. Abadi, CBI and other politicians are saying they are doing the economic reform now, and tweets put that out over the weekend. Abadi gave several speeches over the weekend about the economic reform being in process. The same is being put on out on radio and television… The latest information we have is that three items came up at the last minute that the UST wanted. All very credible sources in and outside Iraq said that three banking laws needed to be finished up before they could announce the budget and the rate. Also, three regulations needed to be announced in a public way. Finally, there were three compliance issues to be announced. Then we heard yesterday that all these should be cleared up today [Monday] and publicly announced.
Nobody is going on vacation until this is done…So we understand everyone in Iraq is…all ready to get these issues resolved right away. …they are working on all of them, and consensus is that it will go immediately after that. Everyone across the world is now expecting this.
12-16-2014 RUMOR Guru Good news. We are still in the window. People who work in banks and other places have been notified. We know there was a significant agreement made in Iraq over the weekend. We are actually good and just waiting…things are in motion. Everything is looking positive. All weekend we heard this was going forward. [what are your true feelings on this going through? How confident do you feel about what is going on right now?] Based on everything we have…I’m feeling 90% that it could happen. There was obviously a big event over the weekend that is pushing this forward, plus Abadi went on television on Saturday saying this is happening now. So I am feeling really good, and feeling it might happen in the next 24 hours.
12-15-2014 Intel/Newshound Guru Poppy3 …ACCORDING TO MANY NEWS ARTICLES THE BUDGET AND COMPLETED HCL WILL BE IN PLACE NO LATER THAN JAN 1.
12-15-2014 Newshound Guru sczin11 IMF 2% Spread…I do not have the exact wording of this requirement, but, if we are to assume it does exist, simple math should prevail. The problem is, IMHO, we do NOT know which rates are being used to come up with this per cent spread. If we use 1166, the imposed rate, as the operational rate, and the market rate as published almost daily by the CBI ON THEIR WEBSITE, CBI.IQ, and we divide 1197, current published rate, into 1166, we get 2.6%, NOT 2%! This is the same percent spread the IMF mentioned in the last release, a few days ago. …what rates are being used for this calculation? Why is below 1200 market rate, the BINGO NUMBER? Am I missing something here?
12-15-2014 Newshound Guru sczin11 OH, BTW, THE MARKET RATE HAS NOT BEEN AT 1190 OR LESS IN A VERY LONG TIME… IS THE 90 DAY STABILITY, WHEN THE CBI REPORTS SATURDAY AUCTIONS, USUALLY ON SUNDAY, THEY DO NOT REPORT A MARKET RATE FOR THE SATURDAY AUCTION…SO WE HAVE NO IDEA WHAT THE IMF LOOKS AT FOR THAT ONE. AND BTW, FOR ALL OUT THERE WHO DONT FOLLOW CURRENCY/STOCK/COMMODITY TRADING…A L L F L O A T! THEY ALL HAVE A BID AND ASK PRICE.. BUY AND SELL PRICE… ALL OF THEM.. NO EXCEPTIONS..
12-15-2014 Newshound Guru Millionday Report quote: “Hashimi demanded economic academic Dr. Majid Baidhani strengthening the peg to a basket of world currencies to distract the global financial crisis effects and the fluctuation of the dollar exchange rate in the economy of Iraq.” THIS IS THE CALL TO CALCULATE THE DINAR EXCHANGE RATE FOR THE INTERNATIONAL CURRENCY RATES AND TRADE OF COURSE. THE CALCULATION WILL BE DONE TO THE BASKET OF CURRENCIES INSTEAD OF JUST THE DOLLAR DUE TO THE CHANGES THAT THE US DOLLAR IS INCURRING…THEY ARE STATING THAT THE CHANGES THAT HAPPEN AND CREATE AN UNSURE BALANCE COME FROM JUST BEING PAIRED TO THE US DOLLAR SO THEY WANT TO USE THE SDR BASKET SO IT IS MORE SECURE IN ITS RATE AND HELD AS WELL.
12-15-2014 Newshound Guru Millionday THE CALL HAS BEEN MADE FOR THE LEGISLATION TO GO GLOBAL WITH THE DINAR RATE INTERNATIONALLY AND THE LEGISLATION TO ENTER GLOBAL SYSTEM STRUCTURE. WHOOOPOW! […if they wouldnt be releasing the rate soon after establishing a rate, why bother calculating it? Right?] RIGHT — THE REASON LISTED HERE IS TO MOVE FORWARD WITH CONTRACTS WHICH ARE DOMESTIC AND INTERNATIONAL — THEY ARE TALKING GLOBAL SO WE WILL WAIT TO SEE ACTION.
12-15-2014 Intel/Newshound Guru Poppy3 THE COUNTRY OF IRAQ RESOURCES CAN SUPPORT IN EXCESS OF $11.00 PLUS AND THAT FIGURE WAS FROM 3 YEARS AGO AND THEY HAVE DISCOVERED 2 MAJOR OIL FIELDS SINCE THEN THEY DIDN’T EVEN KNOW THEY HAD.
12-15-2014 Newshound Guru Stryker 2015 Budget Update: Prime Minister al-Abadi’s office has confirmed that the committee in charge of the 2015 Budget draft will present it to the Council of Ministers in tomorrows Tuesday meeting. And they have added that it will not take longer than two meetings to get it to parliament.
12-15-2014 Newshound Guru Tlar I think the move to article VIII will be in conjunction with the change in monetary policy. I also think that all the laws albeit important, will fall when they fall and have at this time little bearing on monetary policy. The economic draw to investors, IMO will be the currency. The most important legislation, the budget, which sets the stage for economic development in Iraq, the CBI has already said that they will do it when the timing is right whether the budget is done or not. It is worrisome to me that Saleh said the timing would be better in 2016 but Abadi seems desperate to get this economy going. Personally at this point in the game, I think they would be crazy to hold this back another year. They can pass all the laws they want and promise a better future to the people but without an international currency, what has really changed? So my gut is telling me that for the new era to begin, they must now show their cards.
12-15-2014 Newshound Guru Tlar When the IMF indicated that their job with Iraq was done it got me to thinking. The overall responsibility of the IMF is to referee world currencies and level the playing field, so it makes me wonder what they mean when the say this. Personally I saw it as a small pat on the back that the IMF was giving themselves. I think by now we can all agree Iraq is ready to delete the zeros and that that, is their end goal. We can all agree that something is going to change otherwise why print the fils? That would have been a huge waste of public money. It is only the timing of this event that is disputable in my opinion. My money is on this happening whether all the legislation gets done before or not. My money is on Article VIII happening when the value is introduced and not before. My money is on this happening whether the budget is done or not. I would also like to say this is my opinion, not intel. I think they would be foolish to let the momentum die by waiting another year.