Iraqi Dinar Guru opinions 2-7-15
Iraqi Dinar Guru opinions 2-7-15
2-7-2015 Newshound Guru Enorrste This country will become a powerhouse for three simple reasons: first, it is the “wild west” meaning it is the last and best opportunity for the big players to make some serious money. Second, Iraq has, without question, the largest amount of “natural reserves” in the world… And, finally, third, Iraq has the strongest currency in the world, even though its current value “appears” to be toilet paper. Mark my words. The float will change the world’s economic structure. I am not saying this alone. I have Saleh to back me up. To paraphrase: “the dinar will become one of the strongest currencies in the world and will be held by them for a very long time as a world reserve currency.” I’ve been in this over 8 years now. However, as we enter the last lap, please don’t lose faith. I am a true believer that anyone who hangs in for the next “phase”, as Shabibi used to call it, will be rewarded, not only somewhat, but very nicely indeed. Iraq will literally save the paper currency system. It must. The other option isn’t affordable.
2-7-2015 Newshound Guru Enorrste …the passing of the laws is essential for the future of big time investment in Iraq. At the same time, the announcement of the 17 major companies signing contracts today means that the “dam” is about to break, regardless of the laws. I am still convinced that the urge to invest in Iraq by the major countries is enormous, and that they are apparently convinced that Abadi will see to it that their “gamble” by entering early will pay off. Abadi has a degree in economics. He has invited Shabibi back to the CBI, who is also an economist. These guys understand what is needed, and they will get the job done. Abadi is moving like a racehorse to get balls rolling. IRAQ IS POISED TO TAKE OFF, NOT IMPLODE!
2-7-2015 Newshound Guru Kaperoni Article quote: “…discussion of tax compliance with the United States of America Agreement (Vta) and concluded between the United States and most countries and related tax compliance for foreign accounts to provide tax information on people who hold US citizenship.” This is good news. They clearly are preparing for global investment. Looks like they don’t plan to pass the law until Sept 2015. Which may be more related to year-end reporting than timing of investors. You do not do that unless you expect global investment. Again, a great sign that Iraq is preparing to open the economy.
2-7-2015 Newshound Guru Millionday Article quote: “Adel said in a statement the “morning” is necessary to restore public confidence in the local currency…” SO THEY ARE RETURNING THE DINAR TO A RESTORED CONFIDENCE LEVEL TO NOT UNDERESTIMATE THE TRUE VALUE OF IT`S VALUE– LOVE IT. Quote: “…indicating the need for attention to this subject by regulatory agencies and educate citizens not to be dragged into what is floating currency…” SO AS WE SEE HERE — THE PLAN IS NOT TO NOT FLOAT.
2-7-2015 Newshound/Intel Guru Bluedog Article quote: “…announced a group of academics and economists and businessmen Iraqis on Saturday the establishment of Iraq Economic Forum along the lines of international forums and global.” I SEE A PROCESS HERE AND I HAVE SEEN IT FOR SOMETIME, SALEH IS ABADI’S FINANCIAL ADVISOR…ABADI…WE KNOW ABADI’S BACKGROUND…SALEH IMO TALKS TO SHABIBI “AS” HE WORKED FOR HIM AND SHABIBI WORKS NOW IN AN INTERNATIONAL ARENA. SO ABADI IS TAKING CLOSE ADVICE FROM THE CHAIN OF COMMAND…IMO. THEY HAVE BEEN WORKING THIS PROCESS OUT FOR A LONG TIME AND FINE TUNING AS TIME GOES BY…SALEH IS MAKING SURE THAT ALL LAWS AND LEGISLATION IS IN PLACE FROM HIS CHAIN OF COMMAND AND ABADI IS LISTENING WELL AND PERFORMING BEAUTIFULLY…IMO.
2-7-2015 Intel Guru Wife in the Know you are on the brink of witnessing Iraq’s dreams and also your dreams coming true. These next few weeks should prove positive for this to happen. The exchange rate will be $3.42 as I have always stated…
2-6-2015 RUMOR Guru The US openly asked for a slight delay in order to get something done – they didn’t screw it up or block it, they politely asked for a delay on Wednesday to get something done. That has now been done. There is light at the end of the tunnel – so much light that we can feel the warmth! This is it! Everything is falling into place. Get everything ready to move as soon as this gets started.
2-6-2015 RUMOR Guru We are in a very good place. In summary, we are still in a wonderful window…That’s the bottom line. In Iraq, they are very ready. The US asked for a brief pause for several different reasons, and the request was warranted. That has been cleaned up and we are ready to go again. Iraq is ramping up again. Everything is ready in the CBI, finance ministry and Abadi’s office…everyone’s ramped up and ready to go, with rates adjusted slightly downward. The latest rates I’ve heard – and it’s highly subject to change – go like this: dinar = $3.71, dong = $0.8, zim around $0.10 minus six zeros, rupiah = $1.05. Dinar contract rates could go as high as $28, dong contract rate doesn’t seem to be available any longer, no contract rates on rupiah or zim. If the dong comes out at eight cents, it’s very likely to go up, though we cannot guarantee that. we firmly believe that the zim, dong, dinar and rupiah will all go at the same time. [Are we still on target?] I strongly believe so, and two times remain: this weekend and early next week.
Fact check, there is NO such thing as a “contract rate”, everyone will receive the same rate unless the Dinar is allowed to “float” in which case we may see different rates. Some may “cash-in” earlier or later as moderately different rates.
2-6-2015 Intel Guru Bluwolf Waiting for Gazette news, rv follows up to 72 hours after the fact, no veto shall be issued period. No delays whatsoever…that is where we stand, fine and simple…
2-6-2015 Intel/Newshound Guru tman23 Without getting deep into the banking end… When liquidity is low…and low note count is in the market place…and your going to open the doors for an OMO (open market )… There is not a better fit time…to lift the 3 zeros….And I believe that is exactly where they are…How that has an affect on our end is yet to be seen… but scheduled to be widely publicized february 12th… ‘Abadi and the Launch”.
2-6-2015 Intel Guru Frank26 Article quote: “Parliamentary Finance confirms that determine the time to delete the zeros…That time is not right now” Really Mr GOI? Then what…time do You think it is? You know very well that Fridays are Holy days…where nothing much happens so the media puts out this re-cycled regurgitated re-worded re-hash nonsense supposedly from…the GOI. Let it be KNOWN to The INTERNATIONAL WORLD that the GOICBI no longer waste time on the MR (Monetary Reform) nor argue in difference but instead on nearly ALL issues and matters…Agree. …only the CBI will be given the permission of Power to lift the 000’s…
2-6-2015 Newshound Guru Aggiedad77 Articles: “Parliamentary Finance confirms that determine the time to delete the zeros” “Is not the time to delete the zeros of the Iraqi currency” A member of the Finance Committee is speaking out that he believes the Finance Committee thinks it is time to remove the 000’s…but, according to him, the CBI says no it is not time…the Committee sees many positives from an economic standpoint, noting the fall in value of the dinar, believing the removal of the 000’s would strengthen things for the dinar…Finance Committee saying one thing…the CBI saying something else…but the bottom line to this back and forth conversation is that the Committee really doesn’t have the clout with the CBI to make things happen. …the thing to remember is…this could change with the CBI at a moments notice…at the blink of an eye…they are the ones who must feel ready to make the change.