Iraqi Dinar Guru opinions 1-10-15
Iraqi Dinar Guru opinions 1-10-15
1-10-2015 Newshound Guru Tlar The strategic study in 2008 suggested they could support 1.13 to 1. That was then. My argument has always been that in 2008 the reserves were low (30ish billion) and there economy was much smaller due to the fact that oil production was around 1.5ish million bpd. Today I would argue that the reserves are over 100 billion (BIS, Foriegn currency and gold) even though the CBI states they are 70 billion. There has been a few articles that slipped out that stated 100 billion and there was 82 billion released to the CBI that I believe the CBI deposited with BIS during 2014. So how much do they have in reserves, at least in the short term we may never know the truth…My point is this, what was good for 2008 as far as the rate they could support, is at least 3x’s better today.
1-10-2015 Newshound Guru Aggiedad77 …what we are seeing is a worthwhile process by the Parliament, they are being very thorough in their discussion of the budget and its process…they meet again on Monday making final recommendations to the Finance Committee on any final wording changes…then a vote…I suspect the vote will be next week sometime…the main sticking point..of course has been the concern over the price of oil and what its future holds for Iraq.
1-10-2015 Newshound Guru sczin11 DR. SHABIBI WANTS DOLLAR GONE, CAUSE HE WANTS WTO, AND IRAQI DINAR SOLE CURRENCY…THE VALUE OF THE IRAQI DINAR CAN BE SUPPORTED…UP TO THE ROOF! IF THEY JUST LET IT OUT, AND SUPPLY AND DEMAND TAKES OVER, HOW LONG DO U THINK HEDGE FUND MANAGERS WILL LEAVE IT AT BELOW A PENNY, GIVEN THE WEALTH OF IRAQ? IN THE STATEMENT FORMER GOVERNOR OF CBI, TURKI, MADE ON MAY 2, 2014, WHERE HE STATED DINAR CAN BE SUPPORTED TO THE ROOF…IN SAME STATEMENT HE SAID HE WAITED ON STABILITY! hmmmm. DO U THINK THE FACT THAT TURKEY, IRAN , QATAR, KUWAIT, AND NOW YES, SAUDIA ARABIA, SETTING UP EMBASSIES AND OPENING CONSULATES, COULD MEAN STABILITY HAS ARRIVED IN IRAQ?
1-10-2015 RUMOR Guru Iraq has done everything they are supposed to do, regardless of whatever articles you are reading that are 2-3 days behind what has occurred. On Monday, the schedule was for this to happen Wednesday noon, no later than Thursday at noon (EST). That is what THEY wanted to do because they did everything required. They were stopped, because someone wanted to review everything, and then someone (in the US) said, “I need you to wait on an announcement.”
Fact check, the articles that are posted on this site are NOT 2-3 days behind, many of them are posted within minutes. I guess they, (pumper guru’s) want you to believe that so they can put out their all important “intel”, it must make them feel like big shots or they just want to be able to make stuff up that will not be contradicted by factual information.
1-10-2015 RUMOR Guru The ISX was supposed to reopen on the 15th, and they pushed it to the 11th. Only this morning, we heard it might be moved back to the 15th; that is not confirmed though. Iraq said they wanted 3-5 days before then. They could drag it to the last minute… A guy in London just completed his exchange…$3.41 in US dollars… The rate is live in London, and it could still be only selected clients, but they started calling people in. He thinks it’s going to be a great weekend for everybody. It’s what we expect and hope for, that it might happen this weekend.
Fact check, No one has exchanged in London, are you kidding me? There is NO live rate either. Just look at what happened in Paris over the past few days, that is a no brainer.
1-9-2015 RUMOR Guru In Iraq, they are very ready and eager to get this thing done. They have finished the budget, although there are articles that say the second reading on Saturday. In fact, they did that on Wednesday. Iraq is quite ready security-wise; nothing much has changed since Wednesday. The interbank rates keep changing, but the Iraqi cards are still at $3.58. The ISX is…the Iraqi stock market. They want their stocks to reflect the new prices. Iraq is very, very ready and want this done before the ISX goes on Monday. The US says they are okay with it but they asked Iraq to hold off on the announcement. We are expected this some time this weekend.
1-9-2015 Newshound/Intel Guru Randy Koonce Again No one has cashed in. There are no #800 numbers no groups that you have to get in… this is just an RV or RI which ever you want to call it with Iraq…There is no Global event… Do not worry about the budget because they will not open it until the RV so following the Budget is not a great plan…Remember they passed 4 budgets and as of yet opened one. So a window will open Sun evening until the middle of Feb… I know it is a little large window but many things are happening on the inside that could make it go fast or slower… Truth is I do not like to say anything until I know we are in a good window…That being said anything can stop it slow it down or get if moved…I just wait until there is something to say…or the timing is getting closer…so lets see if the next few days brings us some happiness… We are close. Every large bank will exchange. Breathe…
1-9-2015 Newshound Guru Tlar I have avidly followed the dinar since Nov 2008. One thing I have seen the CBI do over and over is try to get the government on board to monetary change. IMO the facts to me show that Shabibi was ready as far back as 2010 and with each passing year he set up deadlines that he had hoped to hit on currency change. This was all before the laws that some feel now are so important or before any budgets. In fact the CBI stated not to long ago they will do this when they think the time is right, with or without the budget being done. Monetary change is in itself a goal stated by the CBI and IMO it in itself must be independent of everything else.
1-9-2015 Newshound Guru Tlar The job of the CBI is to protect the currency and IMO that’s what Shabibi was doing in his last years by trying to institute this program. The most important thing that bleeds through all the years is government support. Had he had the support of the government and its institutions it is my belief this would all have been over years ago but one can only speculate why Maliki has adamantly fought this all the way. Government support was needed then and today we finally see that in place. That’s why I think we are so close you might be able to touch it. This weekend will see if I’m right or wrong. I think they are as they themselves have stated “ready”.
1-9-2015 Newshound Guru OOTW THEY HAVE TO READ THREE TIMES, …DIRECTLY FROM THE PARLIAMENT SITE – IN THE LAWS SECTIONS, SPECIFICALLY STATES THAT THE BUDGET HAS ONLY BEEN READ ONCE (AND THAT WAS FROM YESTERDAY’S “UPDATED” LAWS SECTION AT PARLIAMENT SITE)
1-9-2015 Intel Guru tman23 Keep staring at the wall watching paint dry and you’ll see all sorts of things that are not there…Thats the best description of IQD land right now…I am waiting on January 21st as a date to be informed…
1-9-2015 Newshound Guru Chattels [What is your take on the ISX opening without a raise in the currency value? Is it a requirement for the ISX to move forward?] if our event MUST occur before x,y,z is happening then our event would be predictable, and it is not…
dinarguru
