Iraqi Dinar Guru opinions 3-4-15
Iraqi Dinar Guru opinions 3-4-15
3-4-2015 Intel Guru Delta we have several sources confirmed…this CBI article is for real…100% original fact! This is what we’ve been waiting for! This is amazing! Wonderful confirmation…right from the horses-mouth…this was the announcement from the CBI. The first thing they are going to do is increase the value of the IQD…and gradually introduce the lower denoms. We believe that everything is done. We should/must see the new rate from the CBI in the next 24/48 hours…because of the distributions of the budget. Based on what we see…the budget…and what the Kurds got…the starting rate…could come up at 10 cents…I don’t see the rate coming out higher than 30 cents. Between 10 and 30 cents. We may not have to wait for 2 years to see the rate go higher. Free float may drive it up. We believe they are about ready to pull the trigger.
3-4-2015 Newshound Guru Millionday IT APPEARS THERE IS ALOT GOING ON AND I AM EXCITED. THE BEST PART IS THE COORDINATION OF THE CBI AND PRIVATE BANKS. THIS MY FRIENDS MEANS THE CURRENCY WILL BE SOLD AT — SUPPLY AND DEMAND — A MARKET ECONOMY DEFINITION. [do I understand they will continue selling their currency in supply and demand?] THEY WILL BE SELLING IT ONLY UNDER A MARKET ECONOMY STAGE OF SUPPLY AND DEMAND AS WITH MANY OTHER COUNTRIES… WE ARE SEEING NORMALCY.
3-4-2015 Intel/Newshound Guru tman23 Here is some factual news I will share…They are distributing Qi Cards out of country through the Iraq Embassy…And to cut to the chase…1 million IQD had a ATM show the balance available as $678 USD. The ATM was in AMERICA…There are a selected few that are working being part of a beta phase pre se’…They are working on opening distribution in America …I don’t look at the Qi Card for a rate but more so the banks and the process of clearing payments…International!
3-4-2015 Intel/Newshound Guru Poppy3 NO OFFICIAL FROM ANY AGENCY THAT HAS ANYTHING TO DO WITH ANY RATE HAS EVER SUGGESTED A LOW RATE? PERIOD. IMF SAID AND APPROVED AND POSTED ON THEIR WEB SITE IN OCT 2010 THEY APPROVED $3.22 CENTS PLUS UP TO 20% FOR INFLATION AND ALL THAT HAS CHANGE FINANCIALLY SINCE THEN…THEY HAVE ALMOST DOUBLED THEIR FINANCIAL RESERVES. AT LEAST 10 TIMES CBI OFFICIALS HAVE TALKED CLOSE TO KUWAIT RATE BUT ABOVE AND THEY ARE AT $3.50 PLUS.
3-4-2015 Newshound Guru Breitling [Is it safe to assume that if the process to retire the 50 dinar note will take till the end of April that the dinar won’t change in value during the process of exchange, therefor our next window won’t begin until the process is complete?] Nope has nothing to do with it…the float could start today. It could have started 2 years ago. It’s always been on the table that they were going to revalue at a small rate and then float from that point or float from the rate we are at right now…it will float from 1166 dinar on up. Can they come up with 5 or 6 cents or 10 cents? Sure! Because they reduced the note count so much…the language they are using is they want to float it from the rate that it is and that’s basically what they’ve told us…
3-4-2015 Newshound/Intel Guru BGG On Tuesday the CBI gave the green light for the “delete the zeros project”. This is the best news of the dinar decade. There has not been any news better than that in print. For the CBI to talk about this publicly, for us investors, it is huge news because the deletion of the 3 zeros project is in some form or fashion a shift in the value of the currency. It’s going to take something to get those notes out of the marketplace. There’s really no reason to take those notes out of the marketplace. This is a huge step forward for the investment and let’s hope they move forward quickly & hope they implement it in short order. I think they will. There is conversation in the guru realm about the $.10 mark. I am not as concerned about the number as I am about the “when” and I think it’s not impossible to believe it will start a lot lower.
3-4-2015 Newshound Guru sczin11 [do you know of an article which states a 25k will equal 25 ‘only’ in country?] HAVE NEVER SEEN AN ARTICLE LIKE THAT IN OR OUT- …HAVE SEEN NOTHING ON A LOP…IT IS ALL INTERPRETATION ON “REMOVING THE ZEROES” OR ” DELETION OF ZEROES”. WHY WOULD THEY NEED 2 YEARS TO LOP?
3-4-2015 Intel Guru TD Monday’s Central Bank’s announcement of the “green light” being given of the deletion of the zeros program is the Abadi’s stamp of approval of the steps and mechanics preceding the start of this program. Now Parliament must also vote and approve the contents of this study. In addition the “regulatory” parts refer to the banking and investment laws still needed to be passed. Also gluing the country’s banking system is needed before implementation can begin. As was stressed in the release the ongoing priority of “security and stability” as priority steps before the country can initiate the monetary reforms it wants to do. There is growing optimism that the Iraqi army can and will launch successful military offensives to defeat ISIS here this spring and summer and therefore regain lost cities and begin the economic programs countrywide. Can they initiate the deletion of the zeros program still this year (late this year?) . Conditions on the ground will dictate that. Lastly, they once again spelled out very clearly the true meaning of what “deletion of the zeros” truly means when the article said that the program will bring the country’s notes from “trillions to billions”. That confirms that it means LOP. Plain & Simple!
3-4-2015 RUMOR Guru HERE IS WHAT I WAS TOLD TODAY…4 SOURCES. 1. WE ARE TO SEE THE RV THIS WEEK…NO DOUBTS…
MAYBE…(2) AM WED MORNING…I DOUBT THAT ONE…BUT HAS LEGS. 2. MOST LIKE THURSDAY NO LATER. RATE BEING TOLD IS 3.90. THE HOLD UP WAS…CBI WANTED SUCKER RATE. IRAQ GOV SAID NO WE HAVE TO MANY COMMITMENTS WE NEED 3.90. IT WAS AGREED TODAY. 3. IRAQ WILL COME OUT AT 3.90 AND HOLD FOR A FEW DAYS TO A WEEK THEN IT WILL CLIMB PAST 8.00 NO MORE THAN 9.79. IT WILL HOLD FOR MAYBE A WEEK OR TWO THEN DROP TO WHATEVER RATE KUWAIT IS AT PLUS .50.
3-4-2015 RUMOR Guru DONG WILL COME OUT AT THE SAME TIME AT 1.09 – 1.39. WILL STAY STRONG …MAYBE GO TO FREE FLOAT WILL HOLD FOR 6-8 WEEKS THEN MAY CAP AT OVER 2.00. 4. ZIM IS DROPPING 6 ZEROS IN THE MORNING [WEDNESDAY] IF THEY HAVE NOT DONE IT ALREADY AND WILL THEN COME OUT AT .15. THAT’S FOR THE TRILLION NOTES AND BILLIONS. THE MILLIONS THEY ARE DOING SOMETHING BUT CAN’T FIND OUT WHAT. SMALLER BILLS WILL BE LEFT ALONE. SINCE THEY HAVE LIKE 24 DIFFERENT BILLS I HAVE NOT LEDGEND WHAT THEY ARE GOING TO DO IF ANYTHING. SO NOW YOU HAVE IT…RATES AND DATES AND A LITTLE WHY BEHIND THE PICTURE WHY IT HAS NOT GONE YET.
3-3-2015 Newshound Guru Aggiedad77 Article: “New mechanisms for auction currency in the Central Bank” The CBI governor spoke today and declared there is no decline in hard currency in Iraq today and there are no worries in this direction…the IQD is COVERED AT 150% BY HARD CURRENCY…strong words…that we’ve heard several times…words that convey a surety of things to come…and he did say there is no longer a daily auction window.
3-3-2015 Intel Guru Delta CBI announcement about the 50 IQD note…surprised everyone. It’s not a bad thing. The Iraqi coins and the 50 dinar note has never been popular in Iraq. (Equivalent of 4 cents USD – at the 1166 rate). IMO, the rate is going to come up around 10 cents. So many indications showing that. The reason…if you do it at 10 cents…the 500 dinars would be equivalent to around 50 dollars. Because Iraqi’s use a lot of US currency there is going to be a lot of confusion in the marketplace with this 50 and the 500. You hardly see 50 dinar notes in Iraq. Most people who hold 50 IQD notes are investors outside of Iraq. About 90% of those 50 notes are outside of Iraq. People have 2 months to redeem 50 dinar notes. The CBI knows exactly what they have outside of Iraq. Most people won’t bother to cash-in the 50 dinar notes because they are only worth about 4 cents.
Fact check, the 50 dinar notes that were sold by the dealers cost about $7000 to $9000 USD, per million Iraqi Dinar. They may be worth only 4 cents, but I expect that many will want to exchange them for the larger notes before the 60 day deadline and they are worthless.
3-3-2015 Newshound Guru sczin11 IMHO, MONETARY REFORM CONTINUES … SMART CARDS FOR MANY PENSION RECEIVERS, WENT LIVE TODAY… DELETION OF THE ZEROES PROJECT WAS GIVEN THE “GREEN LIGHT” BY ACTING GOVERNOR OF THE CBI, TODAY…TAKING 2 YEARS TO REMOVE THE NOTES FROM THE STREET IN IMF STANDARDS AND PROTOCOLS…TARIFFS AND TAXES SUPPOSEDLY BEING IMPOSED, NOW…THEY ARE NECESSARY AS PER THE BUDGET, IN ORDER TO REDUCE THE BUDGET DEFICIT…THEY CAN NOT AFFORD TO DELAY THE IMPLEMENTATION/COLLECTION, OF THESE VERY INTEGRAL REVENUES, IN ORDER TO BALANCE THE BUDGET…THE 50 DINAR NOTES COMING IN ALREADY…NO VALUE NOW, BUT WITH A SIGNIFICANT CHANGE IN VALUE, THEY DONT HAVE THE NECESSARY SECURITY NEEDED TO COMPLY WITH THE INTL REGULATIONS AND STANDARDS FOR ANTI MONEY LAUNDERING AND COUNTERFEITING, THAT ALL THE OTHER DENOMS POSSESS…DE-DOLLARIZING HAS BEEN PROGRESSING…MAINTAINING STABILITY OF THE IRAQI DINAR HAS BEEN A PRIORITY…FOLKS…THERE IS A PLAN, IT IS IN PROCESS, WE DON’T HAVE A CHECKLIST…BUT, WE ARE A PART OF IT!
3-3-2015 Newshound Guru Aggiedad77 The news is full of green lights …PM Abadi has even been given a green light by the COM to do some things to the budget, this is probably why the delay in us seeing the budget…looking for laws associated with the budget still…but am starting to believe they may show up when the budget is completely unveiled to the world…DAASH is taking a pounding from the air and now from land in the Salahuddin province and specifically Tikrit…so says the news…
3-3-2015 Intel/Newshound Guru tman23 IMO, PM Abadi has what he needs…The Currency Reform Board at the CBI has what they need…Barzani last week borrowed 500 million dollars from Turkey to pay salaries and is in Italy cutting more deals…The Kurds had said they will not open their economy dealing with 3 zero accounting…Abadi told his Ministers to prepare to resume work in the liberated areas…The CBI has given the green light…For what we are interested in…CURRENCY VALUE… Forget about Parliament…they are now riding in the back seat of the RV vehicle.
3-3-2015 Newshound Guru sczin11 [ISN’T THE ISX SUPPOSED TO DO SOMETHING ON MARCH 5TH…?] MORE MISUNDERSTANDING OR MISINTERPRETATION…ISX HAS BEEN OPEN SINCE 1/11/15.