Iraqi Dinar Guru opinions 1-19-15

Iraqi Dinar Guru opinions 1-19-15

1-19-2015 Newshound Guru Enorrste Article: “Conscious Central Bank: reserve the largest rates of good reserves of foreign currency” In the case of Iraq, they now have, according to this article, 150% coverage in reserves to back their currency. This means that they have $60 billion in dollars, euros, and gold sitting in the central bank. That is 150% of the money supply of about 40 trillion dinars, worth $40 billion, give or take. Therefore, having 100% backing their currency, or more, in this case, does not reduce the money in circulation. …it is and has been our position that the float will start at 1166 to 1 and rise from there. There is no evidence that an initial start rate will be higher than that in terms of value. The CBI would be foolish, quite frankly, to try to impose an artificial higher rate.

1-19-2015 Newshound Guru Enorrste The plan is to reduce the money supply gradually as the value rises, so that by the time the dinar gets to $1 the total money supply will be 40 billion dinars, worth the same $40 billion that it is now. There will just be less money in the system and, by then, all of the large three zero notes will have been sucked into banks, then to the CBI, where they will be destroyed (effectively lowering the money supply in terms of dinars, not in terms of overall value). I would add this additional note: as the value of the dinar rises and the money supply falls, the total value of the money supply remains relatively constant (as I just noted). This means that at a dinar worth $1 the Iraqi currency would STILL be the strongest in the world, since it would still be backed 150% by the reserves ($60 billion in reserves to back 40 billion in dinars, the new lower money supply, but still worth $40 billion).

1-19-2015 Newshound Guru Millionday THE BUDGET WILL NOT BE IN THE FORMAL MEETING FOR TUESDAY BUT WILL BE FOR WED (FORMALLY). — THE POSTPONEMENT IS SO THEY WILL BE VOTING AND HAVE REACHED AGREEMENT BEFORE THEY MEET FORMALLY. WE LIKE THAT (NO SURPRISES). THE AGENDA TO DO WITH THE WED PARLIAMENT MEETING IS FOR THE VOTE ON THE BUDGET…THIS DOES NOT MEAN NO MEETING ON TUESDAY AS WE HAVE BEEN TOLD OF MANY OTHER VERY IMPORTANT LAWS THAT WILL BE FINALIZED AS WELL — THIS IS JUST MORE REASSURANCE FOR BUDGET VOTE SUCCESS.

1-19-2015 Newshound Guru Kaperoni Article: “Decision of the Parliament: political agreement on the adoption of the budget next Wednesday” Let’s hope so. Wed it is!

1-19-2015 Intel/Newshound Guru tman23 For a FACT…Shabibi before being sent to pasture stated at 64 billion in reserves they could cover the currency 3.5 times…The reserves are speculated to be well over 74 billion at this time…

1-19-2015 Newshound Guru My Ladies ABADI…JUBOURI AND EVEN MASSOUD YESTERDAY [WERE] SAYING WE CAN NOT CONTINUE WITH OUT THE BUDGET. WE READ LAST WEEK THAT THE BUDGET AND THE IMPLEMENTATION OF…BANKING AND INVESTMENT LAWS ARE RUNNING PARALLEL TO EACH OTHER. ANOTHER THING ON HOLD IS NEW LAWS BEING PASSED…MANY LAWS HAVE GONE FOR A READING OR 2 BUT NOT ANY FURTHER. WHY… ALL THE BANKING LAWS AND INVESTMENT LAWS AND HCL AND ON AND ON, THEY ALL NEED FUNDS TO MAKE THEM WORK. …WE WILL CONTINUE TO SEE THE BUDGET BEING KICKED DOWN THE ROAD UNTIL THEY CAN BRING IT TO THE INTERNATIONAL STAGE AT WHATEVER RATE THEY CHOOSE.

1-19-2015 Newshound Guru My Ladies HOW LONG WILL ALL THIS TAKE TO FINISH . …IT IS FINISHED ALL OF IT. NOW THEY SIMPLY WAIT FOR THE GREEN LIGHT TO TURN IT ALL ON. THEY ARE AT THE MERCY OF THE AUTHORS AND IT IS JUST THAT SIMPLE. THEY ARE NOT IN THE DRIVERS SEAT AT THIS TIME. IRAQ IS DONE AND PATIENTLY WAITING FOR THE TIMING TO BE RIGHT FOR THE DINAR TO BE USEFUL TO THE GLOBE. WE ARE IN THE HOME STRETCH NOW…

1-19-2015 Newshound Guru sczin11 THEY ARE TELLING THEIR PEOPLE ABOUT THE VALUE OF ONLINE BUYING AND SELLING, INTERNATIONALLY! USE EBAY, PAYPAL, AMAZON, FACEBOOK, GOOGLE….WOW! HOW CAN THEY USE PAYPAL WITHOUT THE ABILITY FOR THEIR DINARS TO BE EXCHANGED, AND CONVERTED TO THE CURRENCY THEY ARE BUYING FROM?

1-19-2015 Intel Guru Frank26 Iraq has SO MUCH to back up their currency many times over but why don’t they have liquidity? Because they TOO WAIT for permission to lift the three zeros from their exchange rate…BEFORE they put out any LD’S…Logical logistics. Have You noticed in the last THREE DAYS THE CBI saying and doing fascinating things with the GOI?

1-19-15 Newshound/Intel Guru Bluedog “IN MY OPINION”! WHAT WE ARE SEEING IS OFF THE CHART…AND THAT OIL IS NOW FLOWING FROM KURDS TO BAGHDAD THROUGH SAUDI ARABIA… THE PIPELINE HAS BEEN “CLOSED” SINCE THE INVASION OF KUWAIT… IF SAUDI ARABIA SAID THAT THE PIPELINE IS IN WORKING CONDITION….. WELL THEN OIL HAS TO HAVE BEEN FLOWING TO TEST… LOWER THE PRICE PER BARREL… THE BETTER THE RATE…IT STANDS TO REASON… BUT…IN COVERING THEIR BUDGET, MEANING (IN IRAQ, THE CBI IS ALONE, AUTONOMOUS) NO ONE CAN DICTATE TO THEM “WHAT” AND WHAT TIMING THEY ARE POISED AT!? TIMING COULD BE ANYTIME NOW… AGAIN…THIS IS ONLY…IN MY OPINION.

1-18-2015 Newshound Guru OOTW Article: “Iraqi leaders and the support of a reference work on the dismissal of al-Maliki from office” [What constitutional basis is there for his removal post election?] WITHDRAWAL OF CONFIDENCE, SAME AS ANY OTHER MAIN GOVT POSITION. 2/3 MAJORITY VOTE NEEDED TO REMOVE HIM/AND OR HIS IMMUNITY…REMEMBER, WE NO LONGER NEED A 2/3 MAJORITY OF ALL WHO WERE ELECTED..ONLY 2/3 OF THOSE WHO SHOW TO SESSIONS..JOBOURI CHANGED THAT LEGISLATION.

1-18-2015 Newshound Guru Kaperoni Article: “Conscious Central Bank: reserve the largest rates of good reserves of foreign currency” 40 trillion dinar or so in circulation is about 38 billion dollars. The amount in reserves is 1.5 times that amount (about 65-70 billion). Considering how other central banks use a fractional amount I think of 10:1, the dinar value could be significantly higher.

1-18-2015 Intel/Newshound Guru Poppy3 WE CAN BE ASSURED IF THEY BEEN APPROVED BY BOTH THE IMF AND WORLD BANK THEY HAVE THE RESERVES AND PROJECTED PROFITS TO BE APPROVED. THEY KNOW THE MARKET VALUE AT THIS POINT AND IT HAS TO BE VERY SUBSTANTIAL TO BE QUALIFIED FOR BILLIONS IN LOANS. PLUS REMEMBER THEY JUST BOUGHT GOLD TO FURTHER SECURE SUPPORT FOR THEIR CURRENCY. ALSO REMEMBER WHEN THE RATE WAS $3.22 BEFORE THE PRICE OF OIL WAS $31.00 A BARREL.

1-18-2015 Newshound Guru tlm724 “The Central Bank of Iraq, Sunday, that the bank reserves is one of the best reserves in the world, and while he noted covers currency and a half times…”, “the Bank maintains the largest rates of good reserves of hard currency in the world compared to the money supply,” thats Ali Alak governor of the CBI telling all of the media that they can cover all the hard currency one and a half times! Iraq has it covered at 150%. The Iraqi Central Bank announced in October 2013 for the arrival of the size of its reserves of hard currency to 76 billion and $ 500 million, noting that “it is the highest rate of the Bank of the currency in the history of Iraq”. *hallelujah* they can support a nice healthy rate.

1-18-2015 Newshound Guru Chattels the budget is all but done…? it may be the 20th something of this month, but it seems to be more of a formality.

dinarguru