Iraqi Dinar Guru opinions 2-24-15

Iraqi Dinar Guru opinions 2-24-15

Iraqi Dinar Guru opinions/predictions2-24-2015 Newshound Guru Millionday [Did we get confirmation that the rest of the budget got into the Gazette?] YES THEY ANNOUNCED THAT THE ENTIRE BUDGET HAS BEEN PRINTED — ACCORDING TO A COUPLE REPORTS…SO ACCORDING TO THEM IT HAS AND IS TO BE ACTIVATED NOW AND DISTRIBUTIONS WILL BEGIN THE BEGINNING OF THIS WEEK. [ if the whole budget has been placed in the Gazette, doesn’t that mean that the CBI has to fund it in the next 24 hours?] NO IT MEANS THAT THEY WILL BEGIN AND THEY HAVE STATED THAT THEY ARE AT THE BEGINNING OF THIS WEEK.

2-24-2015 Newshound Guru Millionday ABADI IS TAKING CARE OF THE HCL — FINISHING THE AMENDMENTS ACCORDING TO THE MEDIA. IRAQ AND KURDISTAN HAS ACCEPTED WHAT HE HAS AMENDED. THE AGREEMENT THEY MADE IS APPLIED IN THE NEW AMENDMENTS. IT CONTAINS THE DISTRIBUTION OF WEALTH AS AGREED — GREAT NEWS. THE LAW WAS SENT TO PARLIAMENT AS IS EXPECTED TO BE VOTED THROUGH. [do you think oil & gas law will be in parliament tomorrow (Tuesday)?] THEY STATED THAT WHEN IT WAS READY THAT THEY WOULD BE HAVING AN EMERGENCY MEETING SO EVEN THOUGH IT IS NOT ON THE AGENDA…– I WOULD NOT BE SURPRISED AT ALL.

2-24-2015 Newshound Guru Chattels yesterday much was made of the HCL being “done”. It is NOT done. It may get done, but there is work remaining.

2-24-2015 Newshound Guru Tlar …if they want the Iraqi’s to trust banks again, they better not drag this out. This cannot continue for days …I don’t know what the holdup is but they better do it in the next couple of days or…reverse everything and re-start the auctions immediately…they can’t stay where they are. They need to pull the trigger now before people loose total trust in the banks again and all the goodwill they have been attempting to install in the population is destroyed. …my thoughts on the staging rate has never changed. I think it will be a managed float from a staged rate. That is what the 2008 Stategic Study suggested to the CBI as part of their summary. I believe the Study is what they are following but that the rate suggested in it has been modified to fit the new facts on the economy and changes since 2008.

2-24-2015 Newshound Guru Enorrste Article quote: “the transition to a new phase is to conduct foreign remittances through the banking system within the mechanism developed for it.” Iraq is under the protections of Article XIV which prevents other countries from suing it for war reparations or anything else, for that matter. Under this Article there are also restrictions placed on Iraq with the IMF. However, all of the “big boys” are under Article VIII, which allows full international commerce, banking, etc., including the right to sue if necessary. It is necessary for Iraq to move to Article VIII if it wants to open commerce completely. At this point, some companies and/or countries are leary of investing in Iraq because if something goes wrong they have no recourse. Opening up to foreign remittances goes a long way toward getting Iraq ready for Article VIII. …foreign remittances acceptance means that people can move funds freely back and forth. This means that if a foreign company wants to invest in Iraq it will have the ability to send home the profits. This is huge.

2-24-2015 Newshound Guru Enorrste Furthermore…this change by the CBI allows for freely convertible currency between countries. This gets us very close to an internationally tradable currency. I am not sure that the dinar is quite to that point yet, but certainly it is heading in that direction. If we see it begin to be traded electronically instead of only physically as we have gotten our dinars, then the currency will be truly freely convertible. …if they do not change to a flexible exchange rate regime once this gets rolling then Iraq will begin to suffer inflationary pressures. Therefore we may reasonably expect them to change the exchange rate regime in the near future.

2-24-2015 Newshound Guru Chattels yesterday much was made of the HCL being “done”. It is NOT done. It may get done, but there is work remaining.

2-24-2015 Newshound Guru Tlar …if they want the Iraqi’s to trust banks again, they better not drag this out. This cannot continue for days …I don’t know what the holdup is but they better do it in the next couple of days or…reverse everything and re-start the auctions immediately…they can’t stay where they are. They need to pull the trigger now before people loose total trust in the banks again and all the goodwill they have been attempting to install in the population is destroyed. …my thoughts on the staging rate has never changed. I think it will be a managed float from a staged rate. That is what the 2008 Stategic Study suggested to the CBI as part of their summary. I believe the Study is what they are following but that the rate suggested in it has been modified to fit the new facts on the economy and changes since 2008.

2-24-2015 Newshound/Intel Guru BGG to address…ISIS being some “hold-up” – my info and sense might lead me to the exact opposite conclusion – ISIS may well be a “catalyst factor” to a more immediate RV… further – I am suspicious the budget has been “slow walked” because they just don’t have the $$…some time ago I mentioned they had applied for loans everywhere – knowing this was coming. It may be they haven’t gotten the support they need to “cover” (which I’m thinking is the case) and had to “slow the process”…

2-24-2015 RUMOR Guru TerryK TALKED TO TWO SOURCES THIS AM AND THEY ARE BOTH TELLING ME ANY TIME.

2-23-2015 Intel Guru Delta CBI will fund Budget by…de-dollarizing with lower denoms…removing remaining USD for lower IQD’s…and to do so the rate must change… Date…in the still of the night; on a Tuesday or a Thursday.

2-23-2015 Intel Guru NOVA There is only two choices for the CBI, because as of yesterday the value of the IQD IS ZERO!!! No Auction and No Exchange Rate. That Tells Me The Value Of The IQD IS ZERO. SO THEY EITHER START THE AUCTION AGAIN AND SET A BUY /SELL RATE OR GIVE US THE EXCHANGE RATE. WHICH ONE DO YOU THINK THEY’RE ABOUT TO DO? We Really Are At The End!!

2-23-2015 RUMOR Guru Everyone fully anticipated this going down. . . people in key places showed up thinking this was real. CURRENT WINDOW: After 4:00 pm today still is a possibility. Banks were closed this weekend to do last minute accounting. Doing that because they think it’s now…everything else ready to go. US waiting on Iraq. International rate and market rate are the same. The Dinar RI rate expected to be around $3.22 – $3.95. Contract rate is backed by China and the rate ranges from $.50 to $38.50. Dinar contract rate is capped at 20 million dinar. we will have running chance at contract, as long as pool is available …don’t know how much. All currencies expected to go at the same time.

2-23-2015 Newshound Guru My Ladies EVERYONE IS CALLING AND TEXTING AND FIXATING ON THE BUDGET TODAY…AND TAXES…WELL FOLKS WHO THE HECK CARES ABOUT THE BUDGET? WE SHOULD NOT BE HERE TO SEE THE EXPENDITURE SIDE OF IT ANYWAY. THIS IS MUCH BIGGER, MUCH BIGGER…LOOK AT TIMING…UST IS IN IRAQ! THIS POINTS TO INTERNATIONAL FOR SURE, IF NOT RATE CHANGE…UST DOES NOT CARE ABOUT SOMETHING THAT IS NOT TRADEABLE…FACTA IS FALLING INTO LINE IN IRAQ.

2-23-2015 Newshound Guru My Ladies THE CBI HAS BEEN CLOSED…NO AUCTIONS, NO MONEY IN AND NO MONEY OUT…THAT SPELLS CLOSED TO ME. THIS CLOCK IS FOR SURE TICKING DOWN…THEY ARE ALMOST READY TO IMPLODE NOW…I’M NOT SURE HOW MUCH LONGER IT WILL BE. Article quote: “The decision to stop the currency auction can be exploited in a positive way by the Central Bank and the Iraqi government,” noting that “the implementation of the resolution correctly is not easy, because we must limit the dollar and not to take it out of the market and thus strengthen the Iraqi dinar.” THEY ARE SAYING IN SHORT HAND WE ARE DONE NOW.

2-23-2015 RUMOR Guru There is superfantastic information! Something could happen after 4:00 pm today. They…expected all of us in the bank today. …everybody was ready to move. getting text messages that “Gazette is fully published at this point.” …they are absolutely ready to go. If they published entire thing in the Gazette they are absolutely ready to go.

2-23-2015 Newshound Guru Enorrste …once the CBI changes its exchange rate regime from a fixed rate to a floating rate then, ipso facto, the official rate becomes the street rate.

2-23-2015 Newshound Guru Millionday THE BUDGET HAS BOTH CHAPTERS POSTED IN IT ACCORDING TO NEWS. [If the budget is complete …now it’ll go international…within 24/48 hrs?] THEY HAVE NOT SAID HOW LONG BUT THEY HAVE MANY AGREEMENTS THAT ARE PART OF THE ECONOMY. THE HCL IS ACCEPTED AND COMPLETE AND ALSO BEST OF ALL CONSTITUTIONAL…THE KURDS WILL BE GETTING THEIR FUNDS FOR OIL AND THE CITIZENS THAT WILL RECEIVE AS WELL…SO NOW IT GOES TO PARLIAMENT — EXCELLENT NEWS…PARLIAMENT RETURNS TOMORROW. [do you think it is tomorrow parliament HCL?] I THINK IT IS IN A HUGE RUSH AND MAY BE HANDLED TOMORROW — WE HAVE SEEN REPORTS THAT SAYS WHEN IT IS READY THEY WILL DO AN EMERGENCY VOTE ON IT.

2-23-2015 Intel/Newshound Guru tman23 The strange thing is that the 2015 Budget could have been published in the Gazette all at one time…And a commencement order by Abadi to enact only certain parts and given a date of future for others…This is the NORMAL…BUT…they didn’t do it this way which makes it sooooo strange…2 Possibilities exist…One is could there be more issues between Erbil and Baghdad that may exclude some portions of the Budget …well once again Abadi could just work with commencement orders…The 2nd speculation could be the numbers actually change…The CoM meets tomorrow and then 3/2 being the next…We need to see what comes out tomorrow from the CoM…and will there be any implementation orders issued.

dinarguru