Iraqi Dinar Guru opinions 2-21-15
Iraqi Dinar Guru opinions 2-21-15
2-21-2015 Newshound Guru Millionday Quote: “All banks reported this mechanism”, and as pointed out that “the Central no longer a party to the process of buying and selling the currency,” revealed that “on Sunday will be the application of this mechanism.” THIS IS…A STATEMENT FROM THE GOV OF CBI…ALL BANKS ARE READY AND HE IS PREPARED TO MONITOR THE ENTIRE POLICY- THE NEW ONE…NO LONGER WILL THE AUCTIONS BE PART OF THIS. THIS IS THE MARKET MECHANISM WE HAVE BEEN TOLD HAS BEEN PLANNED. HE WILL AND THE EXPERTS WILL BE CHECKING THE REMOVAL OF THREE ZEROS TRANSITION AND THE STEPS TO COMPLETE IT…AS IT WILL TAKE TIME…FOR THE PROCESS TO BE COMPLETE…FROM BEGINNING TO END. [So according to this…tomorrow (Saturday) should be the last auction correct?] YES…THAT IS THE FIRST SIGN WE SHOULD SEE — NO MORE AUCTIONS. IN THE MORNING THE ACTIVATION OF THE MONEY LAWS WILL BE DONE AND ALSO ALL THE STEPS DESIGNED TO MOVE FORWARD WITH THE EXCHANGE RATES AND ITS STABILITY ALONG WITH FOREIGN EXCHANGE RESOURCES DESIGNED TO MEET THE NEEDS OF THE BANKING REFORM…THIS MEANS THE 22ND OF FEB — SUNDAY.
2-21-2015 Newshound Guru Millionday [don’t they have to have a rate to delete the zeros?] THE REMOVAL OF THE THREE ZERO CURRENCY WOULD BE A RESULT OF NOT NEEDING THE LARGER DENOMINATIONS. [does this mean that RV could happen at any time, maybe on publication of budget Sunday, or does the deletion of zeros refer to the RV, and is something that will still take much time in preparation?] YES THIS MEANS THAT THEY COULD BE SETTING THE INTERNATIONAL RATES AND THE NEW PURCHASING POWER FOR THE DINAR AS WELL PER THE GLOBAL PRICING INDEX AND ALSO ACTIVATE ALL INTERNATIONAL BANKING AND TRADE MECHANISMS AS THEY GO — WE JUST DONT KNOW AND HAVE TO WAIT AND SEE BUT I HAVE TO SAY — THIS IS VERY EXCITING.
2-21-2015 Newshound Guru Millionday [So all this means is that Monday we have a great chance to go to the bank and cash in?] THIS MEANS WE STILL DONT HAVE A DATE OR RATE BUT CBI IS MAKING HUGE CHANGES THAT THEY HAVE BEEN WORKING ON FOR THEIR REFORMS AND WE SHALL SEE WHAT COMES OF THIS AND WHAT IMPACT IT HAS TO ALL THE VALUES OF THE IRAQI DINAR DUE TO THIS CHANGE. [Would you agree we will never have a date? Only a rate…?] I WOULD AGREE THAT IT WOULD JUST SHOW AND NO DATE WILL EVER BE GIVEN AHEAD OF TIME — YES. SO ONE LAST THING TO SAY ABOUT THAT REPORT… IT SMELLS OF ECONOMIC PROGRESS AND THE FACT THAT IT IS SUNDAY MORNING IS SO VERY EXCITING — SO I TOO CANT WAIT TO SEE WHAT COMES OF IT…WHOOPOW!
2-21-2015 Newshound Guru Tlar Article quote: “Tariq Al-araji Iraqi Central Bank Governor disclosed the relationship to Sunday 22 of this month will see the discontinuation of the auction and the adoption of the banking system as a responsible foreign remittances, referring to direct a study shows the feasibility of deletion of the historic heart in this stage.” No more remittances. No more auctions = RV. They cannot RV without introducing a new currency. Like I have been saying, this is the weekend and this is what we have waited for. In the banks words, “Sunday it all changes”. I feel pretty sure this is what we have been waiting for. No more auctions is great but no more remittances is even better. That means the banks will be doing wiring and such using the new swift codes. Everybody relax. It isn’t over until it is over. We should know if this is it by Monday.
2-21-2015 Intel Guru Jester THE INTERNATIONAL BANKING CONTACTS ARE FEELING GOOD ABOUT THINGS…MAIN CONTACT THAT ORIGINALLY TOLD US THIS IS A GOOD TIME…ARE SAYING NO CHANGE…I DON’T HAVE ANYONE RAINING ON THE PARADE RIGHT NOW… FOR THE FIRST TIME I CAN REMEMBER.
2-21-2015 Newshound Guru Stryker [via rsskelton] Stryker does not do rates or dates, but does refer to windows of opportunity. In fact he specifically stated that… Does he feel that Sunday is one of those windows? Yes, he does. He did say he felt we had never been this close.
2-21-2015 RUMOR Guru IN THE MOSQUES THEY SAID WHEN THE BANKS OPEN…TOMORROW [FRIDAY]… AND ON TV…ECONOMIC REFORM WILL TAKE PLACE. They are saying it will be an RI. An RV could be days to months, but I don’t believe the month part. The RI will reinstate the currency to the $3.22 level and then add for inflation and it’s expected to be anywhere from $3.40 – $3.95 range. Hearing, we will see an RV after that… and…the rate goes up from there. THEIR 3 ZERO NOTES WILL BE GOOD FOR A SHORT PERIOD OF TIME, DONT THINK THAT EFFECTS US OVER HERE. IT COULD HAPPEN THERE TOMORROW MORNING [SATURDAY] OR EVEN SUNDAY WHEN THE GAZETTE COMES OUT… BUT WE MAY NOT SEE IT TIL MONDAY…SO WE ARE EXCITED.
2-21-2015 RUMOR Guru IRAQ TV and Mosques telling people the restructuring is coming; to listen to the media for directions and in the Mosques saying when they go to the bank tomorrow [Saturday] they will see the new rate! It will be an RI! Expect between $3.40 – $3.95. [What is different this time?] …budget passed this time was very specific regarding departments, projects, ISIS. Lower denoms have been issued to the provinces. Then there are the banking laws in place, and cards tested. ALL ARE JUST WAITING ON IRAQ…BE CAUTIOUSLY OPTIMISTIC…BUT IT LOOKS REALLY GOOD.
2-20-2015 Newshound Guru Kaperoni Article: “Tomorrow is a new mechanism for buying and selling the dollar” So my initial review of this is that the discussions last week about the auctions, the parliament limits, news rules for buying/selling are going into effect this Sunday. This is all related to market rate and IMO an attempt to get into IMF compliance. We will have to see how this new plan works come Sunday…with a current market rate of 1237 we have to hope that this will reduce the spread. Quote: “the project is still there “adding that he” has direct development of a study to demonstrate the feasibility of its application and to ensure the safety of its application procedures ” …these procedures are getting rid of the old ways of doing the auctions and the central bank is getting away from being a currency exchanger…the Central Bank has better things to do than deal in a currency auction….these new processes are what all other central banks do that engage with the global economy. So this is a good thing.
2-20-2015 Newshound Guru Millionday Quote: “Iraqi facts circle, on Thursday, confirmed on Sunday that the next date of publication of the Federal Budget Law for 2015 in the Journal of the facts…” THE BUDGET WILL BE PRINTED IN THE GAZETTE ON SUNDAY AND WORK IS BEING DONE NOW TO PREPARE TO SEND OUT THE FUNDS PER THE BUDGET. THE BUDGET WILL BE PRINTED IN 3 LOCATIONS — THE GAZETTE — DISTRIBUTION CENTERS — AND THE LIBRARY OF JUSTICE AT THE MINISTERS LOCATION — WHOOOPOW.
2-20-2015 Newshound Guru Tlar Article: “Announced the parliamentary finance committee member Masood Haider, Friday, for the central bank kept the deletion of zeros from the Iraqi currency.” If they open the budget at 1166 and dispense funds at 1166, it will be a major disappointment…I will view it as a major mistake and failure of the Abadi government to follow through. While it is true it does not mean our investment failed, I do believe we will be in for another year of waiting if they miss this opportunity and another 12 months for Maliki to erode the effectiveness of the government…My fear is Abadi’s program will sputter out if they don’t do it now… The encouraging thing to me about this negative article is that the CBI thinks “this is the time”…meaning to me the decision has been made by the CBI. …time will tell.
2-20-2015 Newshound Guru Adam Montana [WHY do you think the 2015 budget has NOT been published in the Gazette as of yet?] Calm before the storm if this is indeed our time! *fingers crossed* There is more that I’d comment on, but at this time I’m going to bite my tongue and wait to see what comes through the pipelines… we are close to the end of this ride, but we have to wait it out.
2-20-2015 Intel Guru Frank26 [Article] The CBI has terminated the buy and sell period process internally within their banks…The CBI has a new mechanism for the buy and sell process internally within their banks. They talk about the study of lifting the 000’s ……. NOT the lifting of the 000’s…IMO …… This is stupendous !!! Such news should require an emergency ……. But TEAMS WANT to see what opens up this Sunday……. I agree…THE LAWS are about to be given LIFE via the legal opening of the 2015 BUDGET and THE CBI is saying ………. Yes……. They agree with this new …… GOICBI! This is a serious accomplishment in the MR of the IQD …Your investment. We have MORE…We need SUNDAY DATA first.
2-20-2015 Newshound Guru Breitling [Ultimately] They want to separate into 3 states (not 3 countries)…the Kurds, the Sunni and the Shia and they want to have equal representation and they want access to the oil and all that wealth. In the end it’s all about that oil and it’s all about that wealth. I don’t care what anybody says…that’s what they’re after…that’s what they’re killing each other for.
2-20-2015 Newshound Guru Millionday […is there a way for them to fund the budget without an increase in value?] THE REALITY VALUE DUE TO THE GLOBAL PRICE INDEX FOR A MARKET ECONOMY WOULD BE NICE TO SEE — THEY HAVE ALOT OF INTERNATIONAL CONTRACTS AND AGREEMENTS IN THE BUDGET — WHAT WE WANT IS TO SEE A MARKET ECONOMY AND KNOW THE TRUE VALUE OF THE DINAR FOR THAT MARKET — THIS IS FINANCIAL PROGRESS FOR IRAQ — AND WHAT IS NEXT WOULD TAKE A CRYSTAL BALL BUT WE ARE WATCHING FOR EVERY CLUE WE CAN FIND…STICKING TO THE INK IS WHAT I PREFER. IF THE VALUE OF THE PURCHASING POWER OF THE DINAR CHANGES AND THE INTERNATIONAL RATES ARE RELEASED IT WILL BE DONE BY DATA ENTRY ALL AT ONCE — ELECTRONIC CHANGE IN THE MARKET — INCLUDING THE NEEDS FOR THEIR BUDGET ETC. I DO NOT KNOW WHAT THIS WILL BRING FOR US — I WILL NOT CALL IT — SO KNOW THIS IS A HUGE WHOOPOW.
2-20-2015 Newshound Guru Tlar Article quote: “but he pointed out that” this is not the time to replace the currency, and that the lack of security and economic stability in Albulad.” While security is important this article implies that the CBI thinks the timing is right. With all the recent changes in the banking sector, taxes and tariffs being implemented on March 1st, the swift coads being issued to independent banks, loc’s being pushed and bacvked by the CBI,currency being flown to outlying territories, budget being posted on Sunday in the Gazzette, economic laws being passed shortly if not already but just not published, there is plenty of things that screem the timing is right. I have stated that we will know shortly because that is what I believe.
2-20-2015 RUMOR Guru Mnt Goat We have been waiting for the opening of the 2015 budget and the distribution of allocated funds to each of the provinces. We know that in order to accomplish this they must complete the economic reforms and in particular the currency reform. So yesterday, Thursday 02/19 out pops news from the Parliamentary Finance telling us that next week all the provinces will see the release of the federal budget funds for the ministries…Article quote: “…the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week…” Earlier this week we also heard news of large sums of cash being delivered to Anbar providence. …these can’t be more 3 zero notes since there was a massive effort by the CBI to collect nearly 75+% of these old notes from the citizens. I believe they must be the lower denominations since we heard earlier this month this distribution was about to begin. There are many other provinces that also received large sums for cash this week.
2-20-2015 RUMOR Guru Mnt Goat This all comes on the heals of this gold buying frenzy by the CBI we heard about recently. We also know that the chairman of the CBI wanted the revalued currency to come out at a very high rate to the international community and they were told they had to have solid assets to back it up. With the declining oil prices they needed to make this gold deal. Thus the gold. Do you see also why an RV rate of 10 cents or 40 cents, 1.17 or even anything less than the pre-war value is ridiculous? They didn’t need the gold to back that kind of initial rate. We know the free market is going to drive the rate into a buying frenzy once public but it is the initial rollout rate they must prove to the IMF its value. I believe its all about to happen very soon. I am hearing they need the weekend (and maybe into early next week) to prepare and distribute the lower denominations. I do not like to predict rates for the IQD but I am hearing that we could see a $3.58 up to $4.00 range when it goes international but certainly well over pre-war rates. Yes – it really is about to happen folks!