Iraqi Dinar Guru opinions 12-19-14
Iraqi Dinar Guru opinions 12-19-14
12-19-2014 Newshound Guru Enorrste …the street rate and official rate must be within 2% of each other PRIOR to allowing Iraq to move from Article XIV to Article VIII. This is a fundamental pre-requisite to making that move to Article VIII… The fact that the CBI concurs that it is doing what is necessary to get into compliance is also very encouraging. To me this is an indication that we are “coming down to the wire.” I do not believe they will be allowed to move to Article VIII prior to completing the 90 days of stable currency. Having said that, however, I still hold out the very real possibility that they will begin the float prior to moving to Article VIII. This only makes sense, because, as I noted earlier, once they float the currency then the official rate and the street rate become identical. I am cautiously hopeful that the float could begin in mid or late January.
12-19-2014 Intel Guru Frank26 Budget… HCL and many laws … Payments in dinars… Etc all are ready … They only WAIT for implementation!
12-19-2014 Newshound Guru Kaperoni Article: “The Ministry of Finance postpones cabinet discussion of the special budget session” Really IMO no surprise here. The CoM knows more than likely they couldn’t get MPs to return and get a quorum until Jan anyway. Look for the budget to be approved near the end of the month.
12-19-2014 Intel/Newshound Guru Poppy3 …NO GUARANTEE BUT PAY VERY CLOSE ATTENTION TO THE DATE OF DEC 22 FROM THREE DIFFERENT PEOPLE. I AM CAUTIOUSLY OPTIMISTIC BECAUSE WHILE KNOW IT IS VERY POSSIBLE WE CAN’T GET TOO EXCITED ABOUT RUMORS EVEN WHEN THEY COME FROM VERY GOOD POSITIONED SOURCES. I WILL BE VERY SATISFIED WITH HEARING A SOLID RATE AND NOT CASHING IN TILL THE BEGINNING OF JANUARY. I PLACE ZERO ATTENTION TO THE OIL PRICES EFFECTING THE RATE BECAUSE…THE OIL PRICES PER BARREL WHEN SADDAM HAD THE DINAR RATE AT $3.22 WAS JUST @ 31.00 A BARREL. DOESN’T EFFECT THERE INTRODUCTION MARKET RATE.
12-19-2014 Intel/Newshound Guru Poppy3 I DON’T THINK THERE IS A DATE…I DO BELIEVE THEY HAVE CERTAIN THINGS TO SATISFY THE PERCEPTION OF STABILITY TO THE CBI AND WHEN THEY ARE SATISFIED BAM THEY WILL RELEASE WITHOUT FANFARE OR WARNING. …NO ONE WILL KNOW ANY DEFINITE TIME OR DATE PRIOR TO THE RELEASE PERIOD. THIS IS FACT— LESS THAN 5 PEOPLE IN AMERICA WILL KNOW THE RATE AND DATE ONLY 15 TO 20 MINUTES PRIOR TO IT BEING KNOWN GLOBALLY AND THIS IS FACT PERIOD. …THESE PEOPLE ARE MEMBERS OF THE TOP MANAGEMENT OF THE UST, IMF AND MINISTER OF FINANCE ALL GOVERNMENT OFFICIALS AND IF THEY ARE CAUGHT LEAKING IT THEY ARE IN HUGE TROUBLE. THESE PEOPLE DON’T PLAY GAMES.
12-19-2014 Newshound Guru Tlar We know the CBI is not waiting on the budget. They have told us that with or without the budget being passed, they will do this when they feel the time is right. We also know that laws are important but laws are political and new laws will be being introduced, modified and changed for eternity. So I don’t believe we are waiting on any law at this point. The HCL has been reported as done as far as everything that was needed to be agreed to by both Bagdad and Erbil, and will be implemented Jan 1st as has even been reported in our Washington post. So what’s the hold up? It is my belief…that there is no hold up. The CBI IMO has made a strategic decision to open the new rate on or just before the first of next year to be active with the new budget. They were so close to the new accounting period they decided to wait.
12-19-2014 Newshound Guru Tlar I personally believe and have always believed they would have to make an announcement the evening before the day of, or just hours before they change the currency. This announcement would naturally have to be well publicized in order to remove as much risk as possible vendors taking advantage of the population, so there will build up to this announcement maybe calling it an “historical event” or other catch phrase. It would have to get everybodies attention. This was one of Shabibi’s major concerns is vendors taking advantage and on the day the value changed an unwitting Iraqi still paying 1000 dinar for that apple.
12-19-2014 Guest Guru Hocus Pocus […what’s going on in the sandbox?] i had a nice chat with the barber today…he was talking to his brother in iraq…and seems there is some interesting news being broadcast at fairly often intervals about iraq soon to have a more valuable currency…he seemed to be pretty excited about it. he told me last week that a lot of the vendors would like to have dinar as payment more that dollars now. they think something is up to want the dinar more now in anticipation i suppose. he sure is thinking that things are moving the right direction. Up to now he has been saying yeah whatever.
12-19-2014 RUMOR Guru …JUST GOT ALL THE UPDATES AND…SUPER EXCITED! …THIS SHOULD BE A GREAT WEEKEND!!
12-18-2014 Newshound Guru tlm724 Press Release: “The Governing Council of the United Nations Compensation Commission, under the Presidency of Australia, held a special session today to consider the issue of the level of Iraq’s contributions to the Compensation Fund.” Iraq got their wish…they got their one year. This one year reprieval frees up a ton of dough and takes some of the pressure off of Iraq! I’ll bet money that Zebari and the gang are like whew now lets get that budget passed. …it’s great news.
12-18-2014 Newshound Guru Enorrste Article: “Deletion of zeros in 2014 .. project is ready and implementation of a deferred…” I don’t think that KAP [Guru Kaperoni…see post below 12-18-14] believes that Shabibi was ever going for a LOP. I agree with KAP. There was an original plan that got massaged into the current plan, which is to float the currency, go to Article VIII, and let natural market forces drive up the rate of the dinar. The issue is when they will begin the float. I can see in this article that there are forces asking for initiation as early as next year, 2015. That was the CBI and parliamentary position as recently as a few months ago. The others who are calling for a 4 year delay are not in a position to make the final decision. I still think all of the forces are in play for a rollout early next year.
12-18-2014 Newshound Guru Administrator Bob Article: “Deletion of zeros in 2014 .. project is ready and implementation of a deferred…” I think what Kap [Guru Kaperoni…see post below 12-18-14] is saying is there is no way to say with absolute certainty the original plan to delete zeros is to our financial benefit. Following monetary policy that allows a countries currency to appreciate based on real factors such low inflation, productivity growth, economic and political stability makes more sense in the long run and would provide absolute assurance that we would profit significantly.
12-18-2014 Newshound Guru Kaperoni Article: “Deletion of zeros in 2014 .. project is ready and implementation of a deferred…” Let me just express my thoughts on this…and I am sure it get some all up in arms…I am still not 100% convinced that this delete zeros is a good thing for us. And I believe the reference (in other articles) to “monetary illusion” confirms that Shabibi may want to LOP or redenominate. Some articles even said, the people don’t want this for there currency but want a strong currency that reflects the true nature of the countries wealth and investment. That being said, I think that is why they keep “kicking the can down the road” on this project. The bank may want it, but if they can get the contracts in place, the laws in place, the process can be what the IMF states “gradual appreciation based on the Balassa-Samuelson effect” rather than a redenomination (monetary illusion). …I would rather not take the risk of what this is or isn’t. I would rather see what is correct and that is the dinar rise based on the market forces, investment, and economic growth (even if it takes 3-4 more years to achieve a good rate) than take a risk that this is some kind of reward for us.
12-18-2014 Newshound Guru Kaperoni …there is clearly two plans. It was stated so in mid to late 2012. Since, there was also subsequent confirmations from various articles and such…we can say with certainty there is…”the original plan” and the new…”gradual appreciation (float) plan.” The result could very well be the same, only the method is different. No way to know for sure. That being said, I personally want to see the second plan which is to see it rise based on forces (removing the larger notes, etc. as the value increases).
12-18-2014 Newshound Guru Mailman17 IRAQ HAS BEEN PEGGED FOR THIS RV FOR A LONG TIME. ALBEIT IRAQ HAD A HELL OF A CLEANUP TO DO AS IN CORRUPTION AND MONETARY AND ECONOMIC STABILITY, BUT THEY ARE DONE. THE PTB HAS HAD THIS PLANNED AND IT WILL GO FORWARD, AND NO LITTLE 2% STIPULATION IS GONNA STOP IT. THE IMF HAS IN PRINT SIGNED OFF ON IRAQ. IRAQ HAS MADE THE LAST HURDLE TO TRUE SOVEREIGNTY AND THEY SHOULD TAKE THE STAGE TO THE WORLD JAN 1. PEOPLE SHOULD FOCUS ON MORE THAN 1 ARTICLE AND LOOK AT THE WHOLE PICTURE. LOOK AT ALL THE PIECES TO THIS PUZZLE. IMO…WE ARE DONE…THEY WILL DEAL WITH MALIKI AND THE OTHERS DOWN THE ROAD BUT THEY ARE NOT THE PRIORITY RIGHT NOW.
12-18-2014 Newshound Guru wmawhite …just a reminder that ALL prohibitions against Iraq and the assets of the Central Bank of Iraq were terminating on May 17, 2014. Here is some of the text: QUOTE: “The President signed an Executive Order (E.O.), “Ending Immunities Granted to the Development Fund for Iraq and Certain Other Iraqi Property and Interests in Property Pursuant to Executive Order 13303, as Amended,” terminating the prohibitions contained in Executive Order 13303 of May 22, 2003” Terminating the Prohibitions, meaning that all financial prohibitions that have prohibited Iraq from conducting their own financial transactions have been lifted. Iraqi is now free to re-enter the world markets. Banks worldwide are now able to conduct financial instrument transactions, transfer companies may now be approved to work directly with the CBI, Article IV and Article VIII of The Article of Agreements should now be completed or soon will be. …the important part of this announcement was that it was published via the Office of Foreign Asset Control… (OFAC)…these are the folks that tell our financial institutions who they can do business with.
12-18-2014 Intel/Newshound Guru tman23 The Qi card holders are being told that they will be able to use them in ATM’s outside Iraq “soon”…I am following activities but news is all vanilla…IMO we are in the moment of any day now!! IMO I will be red hot ready between the 27th and 1st if it doesn’t show itself sooner…I am expecting that if Iraq is to go international that they will initiate the change the last week of December…And before New Years opening markets.