Iraqi Dinar Guru opinions 12-20-14
Iraqi Dinar Guru opinions 12-20-14
12-20-2014 Newshound Guru Millionday THEY ARE NOW MOVING THE REALITY OF THE IRAQI DEVELOPMENT AND MOVING ALONG WITH ALL IN THE WAY OF IT BEING DEPENDENT OF ALL IN ITS DEVELOPMENT — THIS IS MEANING THE ACTUAL LEGISLATION FOR THE ECONOMIC REFORM FOR IRAQ AND ITS ADVANCEMENT…THIS IS MAJOR. [ i feel like we’ve heard this before, is this majorly different now?] THEY ARE IN A COMPLETE DIFFERENT POSITION THEN THEY HAVE EVER BEEN — WITH THE APPROVAL OF THE UN FOR THE KUWAIT DEBT CHANGE AND THE MANY REFORMS READY TO GO.
12-20-2014 Newshound Guru Millionday THEY ARE WORKING FAST ON GETTING ALL LEGISLATION IN PLACE TO ACTIVATE THE BANKING FOR THE PRIVATE SECTOR THAT IS NEEDED FOR THE COUNTRY`S ECONOMIC ENTRY TO THE GLOBE AND ITS PRIVATE SECTOR…THIS IS EXPECTED AND VERY IMPORTANT. [Given the price of oil, is it still realistic to think that this will happen before the end of the year?] THE PRICE OF OIL HAS BEEN TAKEN INTO ACCOUNT WITH THE BUDGET AND ALL TO DO WITH THE ECONOMIC REFORM IN IRAQ AND ALSO IN KUWAIT ETC. I DONT HAVE A DATE OR RATE.
12-20-2014 Newshound Guru Millionday THEY ARE GOING THROUGH THE CURRENCY TO BE PREPARED. THE DAMAGED WILL BE TAKEN OUT AND REMOVED WITH THE OLDER AND TORN ONES FOR CIRCULATION. CBI IS COMPLETELY READY. …SALEH STATED THE BEGINNING OF THE YEAR IS THE BEST TIME FOR ALL CALCULATION AS WE ALL KNOW. [sounds like we will have 4 years to exchange…?] WITH THE UN APPROVING THE KUWAIT AGREEMENT ON THE POSTPONE WE NOW SEE THAT FOUR YEARS MAY BE THE TIMELINE FOR THE EXCHANGE GLOBALLY WITH THE DINAR EXCHANGE.
12-20-2014 Intel/Newshound Guru Poppy3 I AM SO EXCITED NEWS FOR THE LAST MONTH GAINING STRENGTH IN WHAT WE ALL WANT ALONG WITH EVERY OFFICIAL SOURCE SAYING THE END IS UPON US WITHIN DAYS.
12-20-2014 Newshound Guru Kaperoni Article: “Central Bank’s (et): there is no corruption in the process of switching the currency” …if any kind of “overnight RV” was in the works they would not be issuing new large 3 zeros replacements. This article goes to prove there is no “overnight” event this month, next month or even longer. What it does say is…we are replacing the notes so our citizens have some nice dinar to use for many months to come. Which IMO supports a gradual appreciation! …when it comes down to the exact details of currency reform nobody knows until it happens, but this investment is much more than one event.
12-20-2014 Newshound Guru Kaperoni […would this also rule out even the thought of a lop?] …it certainly seems that way…yes. … over the last few years many have asked why would they do that? for one…Banks are in this to make money. And the process of floating a currency includes the central bank daily buying and selling blocks of currency (in this case dinar). So to me it would make no sense to RV, since the CBI can make a lot of money off commission as the dinar rises. As well, Saleh stated some time ago, that the dinar would be held around the world for a very long time. This clearly implies our dinar eventually will find its way into the forex system and will eventually end up in various central banks around the world…Who will use the dinar (as it rises) to solidify their own currency and economies.
12-20-2014 Newshound Guru Kaperoni It has been stated that the dinar is “grossly undervalued” by various economists inside and outside Iraq. That being said, the proper term is a “correction” to the rate once the CBI moves to Article VIII and a new Exchange Regime. So yes, we certainly could see some sort of “correction” occur that would bump the dinar. What that “correction” is I have no idea. Keep in mind through, that the CBI uses their tools to control inflation within Iraq..one of which is raising the value of the dinar. So as investment capital comes into Iraq, economic activities increase, etc. the CBI will raise the value of the dinar to counter the inflationary pressure created.
12-19-2014 Newshound/Intel Guru BGG Obviously – they are trying to figure out what to do about oil prices – it will be a simple solution in the end. They will have to up production. Abadi knows it – this will stress the new agreements with the Kurds. However – they have to move forward. It’s not that complicated… It may work directly in our favor… If they thought they might delay an emergency RV – these big deficits caused by oil prices might well force their hand. thing is – Iraq will face their need to amp up production soon…and they are the 9000 lb gorilla in the room. Once they get going – it will really drive prices down…all of which is good for us. there have been several (at least five different ones) plans discussed. I doubt the CBI has even settled on exactly what they intend to do. Personally – I want to be “in”, prepared and ready for whatever comes our way.
12-19-2014 Newshound Guru sczin11 Interesting Observation… SISTANI, THE RELIGIOUS SPIRITUAL LEADER OF MANY IN IRAQ, AND WELL RESPECTED BY THE HIGH POWERS IN GOVT, HAS CALLED FOR THE BUDGET TO BE PASSED, AND OTHER SOURCES OF REVENUE, BESIDES OIL, BE PURSUED! HISTORY HAS SHOWN, THAT WHEN HE SPEAKS, ACTIONS USUALLY FOLLOW!
12-19-2014 Intel/Newshound Guru Backdoc LOOKS LIKE THEY ARE IN A HURRY TO COMPLETE ALL THE LAWS AS THEY SAID IN ONE BASKET! WITH ALL THE ARTICLES CONFIRMING THAT COUNTERFEITING WAS NOT A SERIOUS PROBLEM AND THAT WE WOULD HAVE AT LEAST 4 YEARS TO EXCHANGE CONFIRMS THE COUNTLESS ARTICLES WE HAVE SEEN IN THE PAST THAT OUR CURRENCY WILL HAVE FACE VALUE! IN YESTERDAYS ARTICLES THEY ALSO MENTION THAT THE CURRENCY CHANGES WILL OCCUR IN STAGES, SO AS NOT TO DISRUPT THE CURRENCY’S STABILITY AS WELL AS MAKE IT A SMOOTH TRANSITION FOR THE CITIZENS AND BUSINESSES!
12-19-2014 Intel/Newshound Guru Backdoc SO I ASK YOU, DOES THAT SOUND LIKE THEY WOULD DO A FREE FLOAT STARTING WITH .10 OR .30? DEFINITELY NOT! THIS WOULD DISRUPT BUSINESSES WITH RATES CHANGING MINUTE BY MINUTE AS WELL AS THE INCREDIBLE DAMAGE IT WOULD DO TO THE CURRENCY BY DEVALUING IT BY DESTROYING THE NOTE COUNT! WE MAY NOT SEE A BIG NUMBER OUT OF THE GATE BUT CERTAINLY OVER A DOLLAR IS RATIONAL TO ENCOURAGE THE CITIZENS TO USE THEIR NEW HIGHER PURCHASING POWER!
12-19-2014 Newshound Guru Tlar Things to consider when thinking about an intro rate. The GCC goes live Jan 1st. When Iraq becomes an active member in the GCC, the rate of the Iraqi dinar will be instrumental in trade. The budget goes live Jan 1st. The COM and parliament aren’t arguing or discussing the budget. They are in agreement on everything which is why the HCL has also been agreed upon. Until there is a rate we won’t see the budget passed. The HCL goes live Jan 1st. The Kurds and Bagdad have said in articles its done just waiting passage. ALL the hard issues that have separated them are resolved and it has also been published to go into effect on Jan 1st here in our papers.
12-19-2014 Newshound Guru Tlar Iraq opens for Global business with new laws Jan 1st. The thing that will bring all this together now is the currency. The coming announcement eluded to the fact that it would be historic and tie all the economic plans, programs and institutions together. Name anything else other than the currency that could achieve this effect. Iraq becomes a donor country a year late, Jan 1st. Other things to consider – The IMF said their work is done in Iraq. The IMF is the guardian and sheriff of world currencies. Iraq will definitely be better served by showing true value verses an arbitrarily low start rate. I think the CBI would be better served starting at this time to open what ever they determine true value is at this point. The 2008 strategic study suggested they could support $1.13 when they were producing only 1.5 MBPD and the reserves were in the low 30 billion range. Alot has changed since then. Even with the present problems in the country I am sure these 2008 numbers no longer apply. I still believe the reality rate will be north of $3.00.
12-19-2014 Newshound Guru My Ladies …THE POSSIBLE TIME LINE FOR HCL OF JAN 1 2015 AS REPORTED IN THE WASHINGTON POST AND AL MONITOR IN IRAQ, AND WE SAW ABADI ON TV TALKING ABOUT A HISTORIC EVENT TAKING PLACE THAT WAS TO BE LIKE NONE OTHER SINCE 2003. …WE HAVE TO AGREE THAT A RATE CHANGE IS RIGHT UPON US. WE ARE SEEING TIME LINES BEING MET, THE GOVERNMENT PROGRAM BEING FOLLOWED, THE CENTRAL BANK CLEANING HOUSE; THE GOVERNMENT BANKS HAVE NEW ATM’S AND NEW CARDS WITH SIM CHIPS AND ARE READY TO DISTRIBUTE THEM. WE SAW THE CBI SAY YET AGAIN THEY HAVE ALL THE ELECTRONIC SYSTEM IN PLACE TO DELETE THE ZEROS AND THEY ARE SET TO GO TOO. YES IT CERTAINLY DOES LOOK LIKE CLIMATE IS GOOD FOR THE FINAL STEPS OF THE MONETARY REFORM. THE BUDGET IS SCHEDULED FOR MONDAY AGAIN, AND WE MAINTAIN THEY WILL NOT OPEN IT UNTIL THE CBI POSTS A RATE.
12-19-2014 RUMOR Guru HERE IS WHAT IS INTERESTING. FOR IRAQ TO BE IN THE MANUFACTURED BAD SHAPE THEY SAY THEY ARE THEY SURE ARE MOVING SLOWLY ON INCREASING THE VALUE OF THE CURRENCY AND OPENING THE BUDGET…OR HAVE THEY ALREADY OPENED THE BUDGET AND ARE USING THE SUPPLEMENTARY BUDGET AS A NEW MANUFACTURED EXCUSE AS DIRECTED BY AOP/PTB. NOTE: ALL KURDISTAN SALARIES WILL BE PAID ON SATURDAY.
12-19-2014 Newshound Guru Enorrste Prior to the Saddam Hussein regime, in the early 80s, the dinar was worth $3.22 and it was internationally recognized. When Saddam took over, the currency was no longer recognized internationally. He held the value at about $3.50 per dinar but it was not “real”. Then, after he was deposed, the UN reduced the value to 4000 dinars per dollar to “defund” Al-Quaeda. It has since come up from 4000 to 1 to the now 1166 to 1. The CBI stated in 2007 that its intention was to return the value to what it was prior to the Saddam regime. They said it was a 5 year project. Then in 2010 they re-iterated the plan with the expectation that it would be implemented beginning 2012. Maliki threw a poker into the “plan” and stopped it. Now that he is gone the CBI is prepared to implement the plan, which includes an eventual RETURN to a PREVIOUS real rate of at least $3 per dinar. I don’t make these things up. I have the original articles…