Iraqi Dinar Guru opinions 1-4-15
Iraqi Dinar Guru opinions 1-4-15
1-4-2015 Newshound Guru Millionday …IRAQ`S CONSTITUTION GUARANTEES A MARKET ECONOMY FOR ITS CITIZENS. [A market economy with a real rate?] A MARKET ECONOMY IS SUPPLY AND DEMAND — SO THE DINAR IS A PRODUCT AS WITH ALL COUNTRIES — THEY NEED A FAIR CALCULATED RATE THEY ARE GOING TO USE THAT IS FAIR TRADE AND ALSO REPRESENTS THEIR REALITY VALUE OF THE DINAR TO TRADE INTERNATIONALLY RECOGNIZED — WHATEVER THIS MAY BE IT HAS TO BE FAIR ACCORDING TO GLOBAL ECONOMICS.
1-4-2015 Newshound Guru Millionday […if taxes and tariffs are to be imposed, then values have to be given to said product, and a value of currency must be present.] YES I AGREE…THEY HAVE TO MATCH WHAT THE PRICE IS FOR THE PRODUCT… INTERNATIONAL TRADE HAS A RULE — CALCULATION OF VALUE — A REALITY PRICE AS WE KNOW…HOW WOULD IRAQ GO OUT WITH THE RATE AS IT IS? IT WOULD BE A DISASTER IN MY MIND.
1-4-2015 Intel/Newshound Guru Poppy3 …THE CLOSER WE GET TO PAYDIRT THE MORE CONFLICTING AND MISLEADING NEWS WE WILL HEAR. REMAIN STRONG IN FAITH THE END IS VERY NEAR. ALL SOURCES ARE STILL IN AGREEMENT AND MANY STATEMENTS BEING MADE ARE BY PEOPLE WITH ABSOLUTELY ZERO TO DO WITH THE DECISIONS ON THE RATE.
1-4-2015 Newshound Guru sczin11 FOLKS, I TRULY DO NOT KNOW WHEN WE WILL SEE THE …RAISING OF THE VALUE OF THE IRAQI DINAR…BUT, IF ANYONE WANTS YOU TO BELIEVE IT IS DELAYED, OR NOT HAPPENING NOW, BECAUSE OF INSTABILITY, ISIS, DAASH, AL QUAIDA, MALIKI, OR ANYTHING ELSE, IMHO, THEY ARE WRONG…I THINK SAUDIA ARABIA AND TURKEY WOULD HOLD OFF ANY PROACTIVE MOVEMENTS TO REGAIN BILATERAL RELATIONS WITH IRAQ, IF THEY WERE CONCERNED.
1-4-2015 Intel Guru Frank26 IMO, He [Shabibi] will pick up where he left off…The completion of his countries currency reform. He lifted the physical 000’s now we seek him to do it from The Exchange Rate…So we can exchange ours 000’s that the CBI WANTS BACK!!!
1-4-2014 Newshound Guru Enorrste Article: “Why is IMF Article VIII so important and what are the obligations” It is true that Iraq is under Article XIV and that its current exchange rate regime is known as a “Stabilized Arrangement.” This means that they are NOT in a “Fixed Rate Regime” and they are not in a “Floating Regime.” Therefore, the rule stated in this article refers only to a situation in which a country is in a “Stabilized Arrangement.” This means that Iraq’s OFFICIAL RATE must remain within 2% for a period of 6 months under that arrangement. Notice that I did not refer to the STREET RATE at all. The rules above apply ONLY to countries who have a “Stabilized Arrangement” that might vary in terms of its OFFICIAL RATE. In the case of Iraq, the OFFICIAL RATE has remained stable for over 3 years! It is in compliance, therefore, with the rules of a “Stabilized Arrangement” already, according to the IMF.
1-4-2014 Newshound Guru Enorrste Now, the one thing that is not obvious here, is that the IMF specifically refers to the rule applying to a country whose currency is NOT FLOATING. Therefore, the 60 days rule has nothing to do with limitations on Iraq, since they are in compliance and have been for over 3 years with their OFFICIAL RATE. …the article…refers to “step adjustments.” This would occur when a country changed its OFFICIAL RATE incrementally due to various forces. Iraq has not had to do this. So, the 90 day rule applies for leaving Article XIV to VIII, but it refers to the spread between the OFFICIAL RATE and the STREET RATE, while the 6 month rule deals ONLY with changes in the OFFICIAL RATE.
1-3-2015 Newshound Guru Kaperoni Looking back at the CBI currency auctions, Shabibi held the dinar within compliance…11 months from Jan 2011 to end of Nov 2011 (he stated he was going to go ahead in June 2011 before being asked to stop “the first time” from Maliki). In March 2012 he came out and said he was going to go forward at the end of the year/early 2013 and his project could not wait..(and some 12 trillion dinar was removed over a 3 -4 month period through the auctions) again he was in compliance from August 2012-Oct 2012 which was the time Maliki stepped in and issued a warrant for him.
1-3-2015 Newshound Guru Kaperoni Clearly, Shabibi was wanting to do what he needed to do to evolve monetary policy…even though so much remained to be done to support it including may laws stalled in parliament, etc. After several days of additional review of materials, I do not believe the original plan was a LOP, but it was surely different than the new plan…which is a more gradual rise or float over several years. The issuance of the replacement notes is a sure indication they plan to have 3 zero notes in circulation for a while. The IMF apparently does not allow floating under the current arrangement. The way it looks they will have to get in compliance first and exit to Article VIII and then float.
1-3-2015 Newshound Guru Chattels [are you thinking we may be close?] UNLIKELY, I HAVE THOUGHT FOR SOME MONTHS NOW THAT I CANNOT FATHOM HOW A COUNTRY CAN BE STABLE, ECONOMICALLY OR POLITICALLY, WHEN AT LEAST 1/3 OF IT’S COUNTRYSIDE IS OCCUPIED BY A HOSTILE FORCE BUT POSSIBLE I SUPPOSE. I STILL HOPE, BUT THERE ARE FRANKLY MANY REASONS FOR OUR EVENT NOT TO OCCUR FOR SOME TIME AS YET…BUT IT IS THE BEGINNING OF A NEW YEAR AND THERE ARE THINGS HAPPENING I THINK THAT ARE NOT TRANSPARENT, SO…WE HOPE, BUT DO NOT EXPECT ANYTHING.
1-3-2014 RUMOR Guru GOOD PROGRESS ON AMNESTY LAWS YESTERDAY AND TODAY [FRIDAY], WE ARE WAITING TO SEE IF IT IS ENOUGH FOR THE U.S. AND IMF, IF IT IS THEN GAMES ON, IF NOT THEN IRAQ WANTS TO SOLVE THE ISSUE, SO SUNDAY NIGHT IF IRAQ GETS ITS WAY OR TUESDAY ON IF U.S. SAYS GO FISH AGAIN. RV NEXT WEEK IS REALLY POSSIBLE, I HOPE WE GET IT DONE.
1-3-2015 Intel/Newshound Guru Backdoc WITH THE OIL LAW NOW IN PLAY AS OF 1/1/15, THERE IS A NEED TO DISPERSE FUNDS BEFORE LONG!! WHY? 1. CONTRACTS MUST BE HONORED! 2. WE ALSO WILL NEED TO SEE THEM MAKE PAYMENTS ON BOND INTEREST! 3. AND NOW WE SEE THEY WILL NEED TO MAKE PAYMENTS TO THE IMF FOR LOANS! BE ASSURED ALL OF THESE THREE HAVE TIME LINES! IMO.
1-3-2015 Intel Guru Jester THINGS LOOKING GOOD FOR AROUND THE 15TH UNLESS WHAT I AM HEARING GETS MOVED OFF AGAIN…BUT I HAVE NOT GOT THAT WORD YET SO LETS KEEP OUR FINGERS CROSSED AND HOPE FOR THE BEST.
1-3-2015 Newshound Guru Millionday […an article…stated what looks to be HCL completed and shared with the world?] THE HCL IS DONE…THAT WAS ABOUT ITS ACTIVATION. [so they will activate it the 7th?] THEY ARE MEETING WITH THE HOPES TO. [There seems to be a lot happening on the 7th of this month, CBI payment system, Parliament budget, etc. ISX original go live date.] LOTS HAVE THE 7TH BEHIND IT… I CANT WAIT FOR THE 7TH TO SEE WHAT GOES ON. WE HAD A REPORT THAT STATED THAT ALL THE READING AND VOTING WILL BE ON THE SAME DAY FOR THE BUDGET. THIS REPORT SAYS THE 7TH AGAIN. 10 YEARS + WHATS A FEW DAYS TO SEE WHAT HAPPENS IN THIS BUDGET.
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