Iraqi Dinar Guru opinions 1-28-15
Iraqi Dinar Guru opinions 1-28-15
1-28-2015 Newshound Guru Millionday Article quote: “CBI agreed to support the liquidity of commercial banks, and finance the state budget loan amount six trillion dinars, and buy back treasury bonds from the secondary market.” CBI HAS AGREED TO FINANCE THE BUDGET AND PAY FOR THE BONDS IN A BUY BACK. CBI HAS UPHELD THE WORD OF IRAQ AND BACKED THE BONDS — ALSO AS WE KNOW THIS DOES NOT TAKE FROM THE RESERVE. THEY HAVE RELEASED ONLY THAT THEY ARE GOING TO DO THIS BUT WE DONT KNOW THE DATE…
1-28-2015 Newshound Guru Kaperoni Article quote: “the laws passed to facilitate investment is disabled, so you have to accelerate the activation of the relevant laws to ensure they constraints faced by investors.” …its never been any clearer than this…IMO, as soon as the laws are passed, investment will begin to poor in..as a result the dinar must rise to offset inflationary pressure created. Pass those laws please asap.
1-28-2015 Intel/Newshound Guru Poppy3 MANEUVERS TAKING PLACE FURTHER CLEARING THE WAY FOR A NEW RATE…AS ALL CAN PLAINLY SEE THE NEWS IS AND HAS BEEN FOR A MONTH ALL DIRECTED AT IRAQ FINANCE AND STABILIZING THEIR ECONOMY TO JOIN THE GLOBAL MARKETS AND HELP 20 PLUS OTHER COUNTRIES FURTHER STABILIZE AS WELL. THEY IN THE FUTURE WILL BE THE FINANCIAL MECCA OF THE WORLD. THATS WHY I INVESTED 11 YEARS AGO AND THAT FACT HAS NEVER CHANGED.
1-28-2015 Newshound Guru Mailman17 EVERYONE FORGETS IRAQS PAST…THINGS THAT WERE BROUGHT UP IN THE PAST BUT HAVE MAJOR IMPLICATIONS TO IRAQS FUTURE. PHOSPHORUS MINES, THE 3-D GEOLOGICAL SURVEY ON IRAQS OIL NOT EVEN TAPPED (WHICH BY THE WAY IS DOUBLE WHAT THEY HAVE IN RESERVES RIGHT NOW) THEIR NATURAL GAS FUTURE. I BRING THIS UP BECAUSE IT IS FORGOTTEN…BUT PLAYS INTO IRAQS FUTURE AS THE LEADING ARAB NATION IN THE FUTURE. THEY ARE LOADED…AND THEY WILL BURST OUT WITH A FLURY. THEIR REVENUE OUTSIDE OF OIL ONLY BACKS THEIR CURRENCY EVEN MORE. BELIEVE ME THAT THIS WAS AND WAS ALWAYS CALCULATED. THEIR MAIN OBSTACLE WAS GOVT…ESPECIALLY MALIKI…HES GONE. LET THE FIREWORKS BEGIN…JMO
1-28-2015 Newshound Guru Shredd the dinar has appreciated via a managed float without any Article VIII compliance so, one could assume a continued move of the dinar rate, managed by the CBI, could continue but regarding moving to a free float that is market driven, that is the part others are saying is contingent on compliance and it makes no difference to me the method…we win either way.
1-28-2015 Newshound Guru sczin11 IT APPEARS WHAT WAS DISCUSSED IN THE UN-ANNOUNCED MEETING THIS PAST SUNDAY, HAS BEEN MADE OFFICIAL…THE CBI IS GOING TO PROVIDE MONEY TO THEIR LOCAL BANKS, IN ORDER TO CREATE LOANS FOR THE PRIVATE SECTORS, JOBS FOR MORE IRAQI CITIZENS, AND IS GOING TO BUY BACK BONDS TO SAVE THE GOVERNMENT ON INTEREST PAYMENTS, THUS AIDING IN THE “LIQUIDITY” ISSUES…
1-28-2015 Newshound Guru Adam Montana Article quote: “Parliamentary Finance Committee member Jabbar Abdul Khaliq al-Abadi, on Tuesday, that the financial budget was not completed until now for several impediments most important oil agreement with the Kurdistan Region…”He Abadi, MP for the coalition of state law, that the oil-exporting quantities of the Kurdistan Region is identical to agreed with the Iraqi government, which may cause the implications of a negative for the completion of the financial budget for 2015. also noted that the budget Finance did not include provisions for the National Guard to the failure to approve the composition of the very moment. According to al-Abadi, it is hoped to show the budget in 2015 to a vote during the session next Thursday.” Ah-ha! So it looks like I was wrong… perhaps we’ll see the HCL before the budget.
1-28-2015 Newshound Guru tlm724 …am excited this a.m. The Central Bank dollar sales crumble to lowest level in months Wednesday, 28th January 2015 …we see way less dollars going out into the banks/markets which is awesome and remember what the CBI told us? “Central Bank decides to support banks five trillion dinars” so the CBI is pumping the banks full of DINARS! thats why I am excited, I truly believe they are dedollarizing.
1-28-2015 Newshound Guru sczin11 …THE CONNECTION THAT HAS BEEN MADE WITH THE TIMING OF THE CBI ANNOUNCEMENTS YESTERDAY [reference Guru sczin11’s earlier post 1-28-2015] , AND THE BUDGET VOTE TOMORROW…YOU CAN SEE WHERE THE PLAN IS IN FACT IN MOTION, AND THEY NEEDED YESTERDAYS CBI ANNOUNCEMENT IN ORDER TO COMPLETE THE BUDGET…REMEMBER, WE DONT KNOW WHAT WE DONT KNOW, BUT I WILL SAY, WHAT WE DO KNOW, IS THERE ARE NO DELAYS…THERE IS A PROCESS AND A PLAN…AND WE ARE WATCHING IT UNFOLD.
1-27-2015 Intel Guru Frank26 Article: “CBI supports commercial banks and buy treasury bonds” The article talks about the CBI doing three things: 1. They will be making 5 trillion dinars available to commercial banks for the purposes of loans…what kind of loans…loans for agricultural, industrial, and home loan/building uses. 2. They spoke of offering up to 50% of commercial bank reserves, up to 6 trillion dinars using this amount whatever it settles out to be to finance public budgeting… 3. And lastly, a buy-back of 5 trillion dinar in form of treasury bonds…this is to be done on the secondary market, meaning they must be doing this with a recognizable currency not something at the program rate….this would be a transaction with the world!
1-27-2015 Intel Guru Frank26 IOO…we believe the CBI is TALKING and talking loudly. The Finance Committee has been crowing all day that they are soon to be ready, they worked through the night to have the budget prepared to present to the President of Parliament…done. This means they should be voting on the budget on Thursday during their normal session starting at 1:00 pm Iraqi time…but there is nothing in stone yet that says we will see the budget on Thursday. You will see or read that the budget has the 1166 rate in it, but that matters not….what matters is what the CBI is saying and what they have intentions of doing….what we still look for is when the CBI will work their magic…the CBI is in charge of this event, they work in conjunction with the GOI most recently, but the CBI is calling the shots…we don’t know the date or the rate…Just be ever so vigilant to what the CBI is doing and how they go about their business.
1-27-2015 Newshound Guru Aggiedad77 [will the CBI have to reveal the rate to the world when they do actually do the things you speak of or can they just keep on hiding it…?] It is our opinion that when the CBI implements these things they talk of…they will have had to release a rate…to trade on the secondary market requires that a country have a recognizable currency…that to me is a key thing at this point…We just don’t know when it will occur…hopefully Thursday…in the meantime we continue to watch what they do and say.
1-27-2015 Newshound Guru Enorrste Article quote: “end the central bank to formulate a preliminary draft of the new law and amend the Banking Act, which will work together with the amendment influential investment law in order to boost economic development in the country…” We must all recall that the “plan” has essentially been in place since 2007. It was only due to Maliki’s intransigence that the “plan” was not put into place. This means that the CBI is “ready” to roll all of this stuff out at a moment’s notice. Ironically, the drop in oil prices appears to be the catalyst that is forcing the rollout of the “plan” as soon as possible. Abadi knows that the only way to save his country economically is to broaden the economic base, and that can only be accomplished by enacting the new banking law (which this article indicates is now in the works), liberalizing the exchange (our investment), and bringing in new money from outside to effect the change and solve the financial crisis in the country.
1-27-2015 Newshound Guru Kaperoni Article quote: “The CBI has decided to take the necessary measures to boost liquidity in the banking system and simplify the sale of foreign currency procedures in order to facilitate the stability of the market and exchange rate measures.” This is sorta a big deal…In the past the CBI has been reluctant to fully liberalize the sale of foreign currencies because of the currency smuggled or leaving Iraq. If this continued it could reduce the CBI reserves. Therefore for them to be doing so, they either have a handle on where the money is going or being used or they have curbed the problem enough to try to fully comply with the IMF. Either way, and for whatever the reasons, its good news for us. The sooner they are in compliance, the sooner they can exit Article XIV and move to Article VIII. I also was looking for the “official” press release confirming they were taking these measure and today that was posted on the CBI site. We should see some changes in the Market Rate in short order now.
1-27-2015 Intel/Newshound Guru tman23 Jabouri said A CUSTOMIZED PARLIAMENT SESSION will be held Thursday…They will vote on the budget…But to customize may indicate that a number of other laws are going to be presented for vote…LIKE ALL AT ONE TIME AND BEFORE FEB 1st.
1-27-2015 Newshound Guru Shredd Article quote: “The central bank also decided to buy Treasury bonds from the secondary market, where the central bank will buy about 5 trillion dinars in the first phase of these bonds,” adding that “the above procedures for upholding the private reserves of the Central Bank.” The CBI is participating in this process to stimulate investment in the secondary market, to the public sector and at the same time benefiting from this favorable process to uphold its reserves. By the way, this of course, will substantially support adding strength to the dinar. it’s all good…so much proof that the central bank and the GOI are working together to now bring economic growth to the country and that translates to Iraq getting out of a dual currency situation. IMO, this is also proof that both entities know the dinar is stronger than the dollar to be working on making this move…
1-27-2015 Newshound Guru Enorrste Article quote: “Revealed the appearance of Mohammed Saleh economic adviser to Prime Minister Haider al-Abadi for near immediate reform policies in the country, and Saleh said that there are reformist policies going to go out soon, adding that those policies will serve the Iraqi people, despite the circumstances through which the country…” What is especially appealing about this announcement is that they are moving forward “despite the circumstances” having to do, presumably, with the security situation. …”reformist policies” must refer to economic policy and in particular to the CBI role in changing the exchange rate regime. Since it is Saleh who is making this announcement this must have to do with the CBI rather than the COM. Saleh is the “go between” between the GOI (Abadi) and the CBI. Therefore, I feel confident that this article is referring to the change in the exchange rate regime. It is great news indeed. Now all we need to know is the meaning of “soon.”
1-27-2015 Intel/Newshound Guru Poppy3 multiple CHARGES AGAINST MALIKI, THE FIRST OF 25 PLUS CHARGES BEING FILED AGAINST HIM INCLUDING MANY MAJOR CHARGES OF FRAUD, THEFT AND EVEN MURDER. THIS INFO FROM SEVERAL SOURCES. HIS GOOSE WILL BE COOKED VERY SOON. THIS KEEPS HIS NOSE OUT OF ECONOMIC REFORM. ABADI’S PEOPLE HAVE OUT MANEUVERED HIM AND COMPLETELY SURROUNDED HIM AT EVERY JUNCTURE SINCE THEY HAVE BEEN PUT IN POSITION TO DO SO. IT HAS TAKEN MORE TIME THAN WAS THOUGHT BUT HAS BEEN DONE IN THE MOST EFFECTIVE WAY TO MAKE SURE HE IS COMPLETELY OUT OF THE WAY.
1-27-2015 Newshound Guru Aggiedad77 This is my opinion…I believe they are communicating that they (CBI) knows what the rate should be….and through their reserves, currency, but mostly the hard reserves they have gold and such…they can cover things out to 1.5 times…we’ve seen this statement from them on several different occasions and to me it is very positive on their part to be saying this…They know they have solid reserves…the world knows they have solid reserves…just keep watching for who is truly in control…the CBI wants to talk.
1-27-2015 Newshound Guru Mailman17 WE HAVE SEEN IRAQ TAKE GREAT STRIDES TO NOT ONLY GET THEIR GOVT IN CHECK BUT THEIR ECONOMY READY FOR GLOBAL RECOGNITION. SHABS HAS STATED MORE THAN ONCE IN THE PAST THAT THE CBI’S GOAL WHEN ENTERING A MARKET ECONOMY WAS TO BE ON PAR…ON PAR WITH THE DOLLAR. IRAQS ECONOMY HAS BEEN LINKED TO THE DOLLARS VALUE SINCE 2003. THE U.S. DOLLAR WAS USED MORE IN TRANSACTIONS THEN THEIR OWN DINAR…DAILY. THEY HAVE ENOUGH RESERVES BACKED BY FRACTIONAL BANKING (15-1) (NOT 10-1 AS SOMEONE ELSE STATED) TO ATTAIN A 1-1. WITH A 4MBD OUTPUT, MOST LIKELY TO FAR SURPASS THAT IN THE NEXT FEW YEARS NOT TO MENTION THE OTHER RESOURCES SUCH AS NATURAL GAS AND PHOSPHORUS. YES, PHOSPHORUS…THEY HAVE ENOUGH TO BRING THE WORLDS RESERVE BACK TO 100% AS IT IS USED IN A LOT OF THINGS LIKE STEEL AND MEDICINE…ECT.
1-27-2015 Newshound Guru Mailman17 IRAQ IS A GOLDMINE. GOLDMINES START STRONG AND BUILD…IMO…DEDOLLARIZATION IS THE KEY…AND THE IRAQIS MUST HAVE FAITH IN THEIR OWN CURRENCY FROM DAY ONE…AND SEEING AS THEIR ECONOMY IS BASED ON THE VALUE OF THINGS PURCHASED AGAINST THE VALUE OF THE DOLLAR…I TRULY SEE THEM COMING OUT LIKE SHABS SAID…ON PAR OR A LITTLE BETTER…STAY FIXED…THEN OPEN THE MARKET DOWN THE ROAD WHEN STABLE…THE PRINT TELLS US WE ARE CLOSE, REAL CLOSE…AND IRAQ IS A LOT BETTER THAN MOST THINK IN REGARDS TO SECURITY…JMO.
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