Iraqi Dinar Guru opinions 2-13-15
Iraqi Dinar Guru opinions 2-13-15
2-13-2015 Newshound Guru Millionday “Iraq has begun advancing steps forward to enhance its security and its economy, and that all political forces see in the political reforms the best solution, pointing to the presence of significant challenges will be to overcome the togetherness of everyone’s efforts…” SO WE ARE NOW IN THE REFORM PROCESS. I HAVE AN ANNOUNCEMENT ABOUT THE ISX — IRAQI STOCK MARKET AND WHAT CBI HAS STATED: “According to the announcement by the CBI, CBI Board of directors has taken decisions on its exceptional sessions no. 1519 on Jan. 25, 2015. According to the CBI’s Law No.(56) for the year 2004 (revised), CBI issued instructions to achieve the goals of the bank and the stability of the IQD exchange rate against foreign currency through the optimum use of the resources of foreign exchange resources…” THE DINAR RATE WAS IMPOSED AND NOW THEY ARE REFERRING TO CHANGES TAKING PLACE. The instructions will be applicable starting from Feb. 22, 2015.
2-13-2015 Intel/Newshound Guru Poppy3 MEETINGS OF FINANCE COMMITTEE’S IN BAGDAD WENT WAY INTO THE NIGHT TODAY [THURSDAY]. REPORTED THEY WHERE IN MEETING TILL AFTER 11 PM IRAQ TIME. NO WORD ON WHAT WAS DISCUSSED BUT SHOWS THEY ARE DETERMINED TO COMPLETE THEIR JOB. NO DELAYS AND NO STATUS QUO FROM HERE FORWARD. WE HAVE NO IDEA WHAT THE TRIGGER OF COMPLETION IS BUT KNOW THEY ARE WORKING TO GET TO THE CBI SATISFACTORY TRIGGER POINT.
2-13-2015 Newshound Guru Adam Montana [Could the (supposed) impending return of Dr. Shabbi to the CBI have any effect on the timing of an announcement?] Dr. Shabbs has always had my respect as an intelligent and capable person – if that’s what’s going on, I’m sure there’s a good reason. My main focus right now is on the HCL.
2-13-2015 RUMOR Guru Mnt Goat As we know president Masoum ratified the 2015 federal budget bill on Tuesday Feb 10 and we now wait for it to be posted in the gazette. But don’t be in such a hurry for this since there could be complications if this is done too quickly. Technically we DO NOT want the budget bill to be posted in the gazette without an increase in value to the Iraqi dinar first…if the budget gets posted in the gazette without some major financial changes/restructuring taking place, then Iraq can not meet its financial obligations as approved under this new budget to pay debtors. What I am hearing is simply that technical issues are holding up everything. These are not hard issues to fix and the GOI and the CBI want them fixed prior to moving forward. …they are about to revalue the Iraqi dinar IQD and it MUST happen in the coming next few days ahead (not weeks). Do not be discouraged…we will see this RV very shortly.
2-13-2015 Intel/Newshound Guru Poppy3 I DON’T REALLY EXPECT A RATE BEFORE THE MEETING WITH BARZANI THIS SUNDAY BECAUSE THEY CAN’T PUBLISH THE FULL BUDGET TILL HE SIGNS OFF ON THE KURDISH PART OF THE BUDGET AGREEMENT. SUPPOSEDLY AT THAT POINT THEY CAN GIVE THE RATE AND PUBLISH. REMEMBER THE GAZETTE USUALLY PRINTS ON SATURDAY BUT THEY HAVE SAID SEVERAL TIMES THEY CAN PRINT A SPECIAL EDITION ANYTIME NEEDED. HANG TIGHT RICH FRIENDS IT ALL IS VERY PROMISING AT THIS POINT.
2-13-2015 Newshound Guru Aggiedad77 Article: “Kurdistan: Visit the region’s delegation to Baghdad on Sunday” The Kurds continue to grow restless over the lack of salary payments from Baghdad and PM Barzani will lead a delegation to Baghdad on Sunday to discuss salary issues and any other remaining issues that pertain to the oil and gas agreement signed in December.
2-12-2015 Intel/Newshound Guru Poppy3 BUDGET SHOULD BE PUBLISHED SATURDAY. THAT IS THEIR REGULAR DISTRIBUTION DAY. THEN THE KURDS CAN GET PAID ON SUNDAY MEANING THE RATE HAS CHANGED. AT LEAST THATS HOW IT IS SUPPOSED TO WORK IF NOTHING GOES BAD BETWEEN NOW AND THEN. IF HE ANNOUNCED TODAY THAT ECONOMIC REFORM HAS STARTED THEN THE BUDGET IS POSTED AND IT HAS TO BE FUNDED FROM SOMEWHERE…
2-12-2015 Newshound Guru Millionday A MANAGED FLOAT MEANS THAT THE CURRENCY IS PUT ON THE MARKET ONLY ALLOWED TO MOVE 2% UP OR DOWN — A FLOAT ALLOWS THE MARKET TO MOVE IT AS MUCH AS IT DOES BY SUPPLY AND DEMAND. THE REASON THAT MY OPINION IS THAT IT WILL BE A MANAGED FLOAT IS THAT THEY DID A BUSINESS TEST LAST YEAR WITH A “PROGRAM RATE” AND ONLY ALLOWED IT TO MOVE 2% TO TEST WHAT IT WOULD DO TO THE INFLATIONARY RATE — SO I JUST GUESSED THAT IT MAY BE MANAGED BUT THEY COULD HAVE ALSO BEEN DOING THAT THEN TO SEE WHAT WORKS BEST TOO — SO I DONT KNOW WHICH ONE.
2-12-2015 RUMOR Guru TerryK THE BUDGET IS NOT IN THE GAZETTE… [Do you think it will go deep into next week?] I DO NOT. [So are your sources pumped?] THEY ARE.
2-12-2015 Intel/Newshound Guru Poppy3 IT WAS REPORTED TO ME LAST NIGHT (UNCONFIRMED ) THAT THE HCL IS BEING POSTED SUNDAY AND IT IS ALL FINAL AND AGREED ON BUT BARZANI MUST SIGN IT AS ACCEPTED AND THEN IT CAN BE IMPLEMENTED IMMEDIATELY SO THE KURDS WILL START GETTING THEIR 17% OF THE NEW RATE.
2-12-2015 Newshound Guru sczin11 …THE BUDGET IS NOT IN THE GAZETTE, YET, THAT WE KNOW OF…AND WHEN IT DOES GET THERE IT NEEDS TO BE FUNDED…THE LAW STATES SO…
2-12-2015 RUMOR Guru Mnt Goat Some say they will wait for March 1st to pull the trigger on the revaluation. Personally I do not see them waiting this long since we all know the legalities and the final process for funding the 2015 budget. So you see Al-Abadi along with the CBI have to make a decision soon on when to RV this currency. I believe this decision has already been made weeks ago and we are now in the final countdown window now that the budget is truly ratified and ready to be posted in the gazette. It is a process that must play out. We should hear news of this next event (gazette posting) today or tomorrow. Then Iraq must fully fund the budget within 24 hours (partly by a revaluation). …there is NO WAY IN HELL Iraq is going to come out with a .10, .20, .30 or even a .40 cent rate. The value must be significant in the exchange process. Basic economic rules of supply and demand (and a little common sense) tells you they must come out with a higher rate than the USD currently has.
2-12-2015 Newshound/Intel Guru Bluedog …THE UN IS IN IRAQ MEETING AND SITTING IN PARLIAMENT MEETINGS SO THE UN IS THERE TO GUIDE THIS LAST PROCESS TO INTERNATIONAL IMO.
2-12-2015 Newshound Guru sczin11 DO NOT BE DISAPPOINTED…MUCH WAS HOPED FROM ABADIS STATEMENT TODAY…HE IMPLIED IMPLEMENTATION IN HIS SPEECHES FROM DAVOS, AND MOST RECENTLY GERMANY…AT FIRST GLANCE, APPEARS TO BE SIMILAR RHETORIC TO WHAT WE SEE DAILY FROM ALL THE VARIOUS ECONOMISTS… THE BUDGET STILL NOT IN GAZETTE, THAT WE KNOW…THUS FUNDING THE BUDGET NOT IN PLAY, AS YET…WE WAIT FOR MORE DETAILS!! REMEMBER, NO MATTER WHAT YOU HEAR OUT “THERE”, THE BUDGET IS NOT IN THE GAZETTE, YET! IF IT WERE THE CBI WOULD BE IN VIOLATION OF THE “LAW” AGAIN TODAY, WITH AUCTIONS OVER THE $75 MILLION NEW CAP.
2-12-2015 Newshound Guru Breitling The lowering of the note count and then introducing the lower notes and you and I getting value..that’s three separate events. In other words if they lower the note count they don’t have to introduce new notes for you and me to gain value in the dinar. Articles come out saying they aren’t going to introduce new note for 5 years…so what! They’ve lowered the note count…they’ve added value to the overall country and those notes represent that country…it they lower the note count then more and more value is being added to the notes that are left on the table…it’s very simple. If the value goes high enough they are going to have to introduce lower notes. They have a plan to retire notes but they have to add a lot of value to it first…
2-12-2015 Newshound Guru Chattels gold price still dropping 1,218.50 [awesome!!! right?] yes…according to my ” pet theory “, that people in the know will dump their gold just before our liquidity event and re-invest at the low(er) price following the event.