Iraqi Dinar Guru opinions 2-4-15
Iraqi Dinar Guru opinions 2-4-15
2-4-2015 Newshound Guru Adam Montana I’m going to be blunt here… I keep my expectations low and I hold my excitement regardless of what’s happening. It’s getting progressively harder to stay grounded, even for me… so if you’re one of those that’s like me and you’re on the edge of your seat right now… well, you’re not alone! Here’s some cliff notes: 1. It’s been a long haul, but we are MAKING PROGRESS! We have a new Iraqi PM, we have a new and improved GOI (Government Of Iraq), Chapter 7 is a thing of the past and we are working on the HCL right now.
2-4-2015 Newshound Guru Adam Montana 2. This year’s budget was passed, which is something the former GOI (which included Maliki) was not able to do last year. 3. From my sources: the HCL is in effect but there is some question on security, which is the reason for the delay in making the hcA into the HCL. I don’t like delays any more than any of you, but this makes a lot of sense. It would be irresponsible for the CBI to raise the value of the dinar without considering the security of those that protect the very oil that has a major role in backing the value of the dinar. So… let’s see how this goes over the next couple days. One thing to keep in mind is this: We aren’t the only ones waiting to cash in. There’s a lot of bigwigs here and abroad that are pushing harder than we are!
2-4-2015 Newshound Guru Shredd Article: “CBI has issued new instructions to the stability of the dinar exchange rate.” Quote: “A report issued pointed out by the Central Bank of Iraq that according to the provisions of the Iraqi Central Bank Act for the purpose of achieving the objectives of the Bank and the stability of the Iraqi dinar exchange rate against foreign currency through the optimal use of foreign exchange resources to meet the needs of all and not the central occupancy of functions” …this is really good to see folks. This does not directly apply to us dinar holders. But, here’s the good news. This notice is speaking of securities, like bonds…lending and borrowing agreements… securitized debt available for investment. So, why do we care? This announcement is telling us securities can be denominated in Dinar and invested in by foreign investors.
2-4-2015 Newshound Guru Shredd Today, foreign investors don’t have the option to buy dinar-denominated securities. They don’t exist! This announcement changes that…this announcement proves Iraq is ready for investment. This will prop the value of the dinar once investment starts coming in. It’s hard to imagine a table set like this and no monetary change preceding it planned. This announcement further proves Iraq is really, really ready for foreign investment. Bottom line – Iraq originated and Dinar denominated securities can be global. But this is the cool part…the value to do the “revalue” as stated above, you need the MARKET-DRIVEN rate! Oh, by the way, a market-driven rate means a free float…where all currencies can exchange for the dinar and the value of the securities to be revalued at any time. It’s all good news folks and proves the plan IS for the Dinar to have a market-determined rate soon. This is the “investment into Iraq” we’ve been waiting for.
2-4-2015 Intel/Newshound Guru tman23 This (Abadi) Gov’t has been exceptional in keeping it’s word…Either they are waiting on the Budget to now be implemented or it’s EVERYTHING AT ONE TIME! …on the 12th Abadi has a conference to Launch the “economy project”…The CBI doesn’t need the Budget anymore… Now the question is does the Budget need the CBI…and if so…that can happen anyday now!
2-4-2015 Newshound Guru My Ladies ALL THINGS ARE STILL VERY GOOD. THERE IS NO HOLD UP. THERE IS NO ONE ENTITY STOPPING ANYTHING, WE ARE IN A PROCESS AND THINGS ARE LOOKING GREAT. THIS IS A PROCESS AND THERE IS NO REVERSE SWITCH, THERE IS NO PAUSE BUTTON. THE BUDGET WAS VOTED ON THE 29TH, THE HOUSE OF REPS IS COMING BACK ON THE 10TH, ABADI…SAID HE WILL FUNDING ALL THE PROVIDENCES AS PART OF THE ECONOMIC MOVEMENT AND HE WILL BE DOING THIS ON THE 12TH . SO THERE IS A POSSIBLE TIME LINE. JAN 29TH VOTE, 15 DAYS LATER MAX FOR GAZETTE IS 13TH, 10TH IS PARLIAMENT AND LAWS, AND 12TH IS ECONOMIC REFORMS.
2-4-2015 Newshound Guru My Ladies [GURU] NOVA AND I HAVE SAID…WE WILL NOT SEE LAWS WITH OUT FUNDING…AND TO DATE WITH THE EXCEPTION OF THE BUDGET LAW NOT ONE OTHER SINGLE LAW HAS BEEN ENACTED SINCE THIS NEW GOVERNMENT IS IN. SEVERAL LAWS PASSED THE COUNCIL THIS WEEK AND ARE GOING TO THE HOUSE WHEN THEY RETURN ON THE 10TH. IRAQ IS STILL STUCK UNTIL THEY FUND THE BUDGET. WE ARE IN A GOOD POSITION AND THE PROCESS CONTINUES FOR A BIT LONGER.
2-4-2015 RUMOR Guru TerryK JUST GOT A CALL…CORRECTION TO BE MADE…THE BUDGET IS SIGNED BUT IN FOR REVIEW TO LEGAL AND NOT IN THE PAPER…IT WILL BE POSTED BY THE 12TH OF THIS MONTH. SO THAT MEANS WE WILL SEE THIS ONE WAY OR THE OTHER BY THE 12TH. KEEP FINGERS CROSSED FOR 9:23 PM TOMORROW NIGHT. JUST WANTED TO SHARE THAT UPDATE I GOT AND WAS CORRECTED, HE [SOURCE] MISUNDERSTOOD THE INFO GIVEN TO HIM.
2-3-2015 Newshound Guru Adam Montana [do you have to show where you purchased your Dinar and the transaction date when you cash out?] Absolutely not.
2-3-2015 Newshound Guru Millionday IF YOU ARE NOT HAPPY GET THAT WAY — BECAUSE THEY ARE MOVING FORWARD WITH REFORMS AND THE GET OFF THE POT IS COMING — ONE WAY OR ANOTHER .
2-3-2015 Newshound Guru Kaperoni Article quote: “Called on the Finance Committee in the House of Representatives to cancel currency auction, offered by the central bank daily, noting that all states do not follow that policy” Yes, I am for that…cancel the auctions, move to Article VIII and go to a float to determine the rate of the dinar…compliance must come first…but I like the idea.
2-3-2015 TOTAL RUMOR Guru TerryK I GOT A RATE TODAY FROM A SOURCE THAT’S BEING BOUNCED AROUND…WELL U ALL KNOW I HAVE BEEN SAYING WHAT… 8.16. IRAQ IS FAST TRACKING THINGS…[THEY] GOT THE 56.00 A BARREL THEY WERE SEEKING AND THINGS ARE CLICKING IN THE BANKING AREA…THEY ARE GETTING THE BONDS ESTABLISHED…READY…LOANS READY AND AGAIN HEARING THAT THEY WANT TO MAKE AN ANNOUNCEMENT…NOT BEING TOLD WHAT IT IS, I CAN ONLY HOPE…TOMORROW NIGHT AROUND 9:23PM…WHAT I WAS TOLD THIS AFTERNOON BY DC CONTACT.
2-3-2015 Newshound Guru sczin11 …LOTS OF LAWS ARE BEING READ, VOTED ON, PASSING ONTO HOUSE…WHERE IS THE HOUSE? ON VACATION UNTIL THE 10TH?
2-3-2015 Newshound Guru Chattels [There are those that are saying the President signed the budget. Would love to know if that is accurate or not?] not as of the reported news this morning…not that i can find in ink…we believe that the President can ratify /sign it sooner, but by default it is law fifteen days after receipt.
2-3-2015 Newshound Guru Aggiedad77 The reforms that we see unfolding with this month are fascinating…for they lead to much bigger things. The laws they work on and push forward all are done with purpose…Time is on our side…
2-3-2015 Intel Guru TerryK [what’s up with the budget. Is it signed or not?] SOURCE IS TELLING ME IT IS SIGNED AND IN THE LAW SECTION IN THE PAPER IN IRAQ…ON PHONE WITH IRAQ SOURCE… I GOT THAT THEY ARE WAITING ON THIS BY THE MINUTE JUST LIKE THE RV…TONIGHT MAY BE A GREAT NIGHT IF INDEED THEY HAVE THE DOCS SIGNED AND IN THE PAPER IN IRAQ.
2-3-2015 Newshound Guru Millionday WE HAVE NO TIMELINE GIVEN — WE HAVE ABADI ANNOUNCING THAT ON THE 12TH OF FEB HE WILL BEGIN THE STRATEGIES OF THE ECONOMIC REFORMS THAT HE HAS TO DO WITH IT. I HAVE TO SAY IT WILL BE INTERESTING TO SEE WHAT COMES IN THE NEXT WEEKS.
2-3-2015 Newshound Guru sczin11 SO MUCH HAPPENING, NO RV YET, THAT IS IN PUBLIC VIEW…BUDGET IS ON…TO PRESIDENT, SO THEY CLAIM…HCL BEING DISCUSSED NOW, SO THEY SAY…CBI IS ACTIVE ACTIVE ACTIVE, ON MANY FRONTS…THAT IS FACT, AS WE MUST ASSUME RELEASES ON THEIR ARABIC WEBSITE ARE TRUE… DE-DOLLARIZATION, IMHO, IS IN FULL MOTION…WHAT MORE CAN WE SAY?