Iraqi Dinar Guru opinions 3-5-15
Iraqi Dinar Guru opinions 3-5-15
3-5-2015 Newshound Guru Millionday Article quote: “Said the Iraqi Central Bank, on Wednesday, he has a tendency to increase gold reserves basket, stressing that he shall move the basket almost daily.” CBI WILL BE ADDING TO GOLD RESERVES VERY OFTEN TO SUPPORT THE VALUE OF THE DINAR. THEY HAVE HUGE RESERVES TO HOLD THE VALUE OF THE DINAR — THAT IS WHAT RESERVES ARE FOR — HARD BACKED VALUE AND CONFIDENCE IN THE CURRENCY. Quote: “…the CBI independent bank under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies…” THEY ARE REMINDING ONE MORE TIME THAT THEY ARE INDEPENDENT AND ALSO HAVE THE ABILITY TO SET THE EXCHANGE RATE.
3-5-2015 Intel/Newshound Gurus My Ladies & NOVA NO ONE IN IRAQ HAS BEEN PAID ANYTHING. IRAQ HAS NOT ADOPTED A CURRENCY YET. THEY CAN NOT ADOPT 1166 WHICH IS A PROGRAM RATE AND USE IT TO FULFILL THE OBLIGATIONS IN THE BUDGET. IF WE SEE IRAQ PAY ANYONE AT 1166 THIS WILL SIGNAL THEY HAVE ADOPTED 1166 AS AN OFFICIAL RATE AND WE CALL IT GAME OVER. SO NO ONE GETTING PAID = GOOD FOR US. ARE WE CLOSE TO THE END? YES WE ARE, BUT NOT BECAUSE WE SAY SO BUT BECAUSE THE CBI AND THE GOI SAY SO.
3-5-2015 Newshound Guru Tlar Article: “the file to delete the zeros of the Iraqi currency is put into effect, and the World Bank gave the green light to implement it.” It occurs to me that if they can get it done before March 31st, the end of the first quarter, their accounting system can still be made retroactive back to the first of the year. For accounting purposes, I would think March 31st or anytime before would be the best time to do this for the CBI as they themselves have stated a number of times. There has been no intel other than the bond issue I reported on 2 weeks back. It was reported back then that the bonds were being held up and that Iraq would be back and sign the agreement, providing a new rate before they would actually commence sales of these bonds. Everything seems to be lining up nicely. Here’s to hope
3-5-2015 Newshound Guru Adam Montana [Once currency is international, won’t most banks exchange it?] Once the currency is international, you are correct, most major banks will be exchanging it. [Is there a scenario, in your opinion, where Iraq would NOT honor any dinar outside of their country?] Yes, but it’s more complicated than that. Iraq doesn’t actually do business “outside” of their country. Every exchange happens at the head desk of the CBI. If they want to move up in the world, they will raise their exchange rate and start doing business with the major world banks.
3-5-2015 Newshound Guru Mailman17 NO WHERE IN HISTORY HAS A NATION RELEASED THEIR NEW DENOMS ONE BY ONE…EVER. THE SMALLS WILL COME OUT TOGETHER INCLUDING THE FILS AND 10 CENTS IS NOT AN OPTION IMO. AS FAR AS THE 50 DINAR NOTE IS CONCERNED…ASSUMING THEY GET A RATE OUT WITHIN THE NEXT WEEK OR AT LEAST WITHIN THE SUPPOSED 60 DAY MARK, I DO NOT SEE CASHING THEM IN AT YOUR LOCAL BANK WILL BE A PROBLEM…ON PAR HAS ALWAYS BEEN THE PLAN FROM DAY ONE. WHEN AND IF THE BUDGET IS TRULY RELEASED, AND FUNDS ARE ALLOCATED, TEN CENTS AND A FLOAT WILL NOT SUFFICE. THEY NEED TO COME OUT STRONG. NOW, IF THEY WANT TO GO BY THEIR ORIGINAL PLAN AND MANAGE A FLOAT FROM A 1-1…THAT IS VERY POSSIBLE. IRAQ HAS A GREEN LIGHT AND I SEE THEM LAYING RUBBER WITH THEIR ECONOMIC AND MONETARY PROBLEMS IN THEIR REAR VIEW MIRROR…JMO.
3-5-2015 Newshound Guru My Ladies I THINK 3 THINGS WILL HAPPEN AT THE SAME TIME…THE BIS WILL SAY GO…THE UN WILL MAKE AN ANNOUNCEMENT OF IRAQ HAVING THEIR CURRENCY BACK AND IMF WILL FINISH ARTICLE 8 COMPLIANCES. [But U forgot 1 thing-WHEN?] CRYSTAL BALL IS STILL FOGGY.
3-5-2015 Newshound Guru Tlar Abadi has done a great job in turning the country in the right direction. It is my belief we will see currency change shortly or the country will financially implode.
3-4-2015 Newshound Guru sczin11 I THINK WE ARE IN A VERY GOOD POSITION RIGHT NOW…I AM A BELIEVER THERE WILL BE NO FLOATS, AND THAT THE ORIGINAL IMF REPORT STATED $3.22, + 20% INFLATION, AND WITHIN 50 CENTS OF KUWAIT…I AM LOOKING AT $3.86-4.25.
3-4-2015 Intel Guru NOVA OIL EXPORTS STAYING HIGH AND NOTE COUNT STAYING LOW IS WHAT DEMANDS THE EXCHANGE RATE EVERYONE WANTS.
3-4-2015 Intel/Newshound Guru Backdoc I CANT SEE THEM COMING OUT WITH A RIDICULOUS RATE WHICH WOULD DESTROY THE CURRENCY VALUE AFTER PULLING THE MAJORITY OUT… WHY WOULD THEY PULL OUT THAT MUCH CURRENCY ONLY TO INJECT A BUNCH AT .10? CRAZY. THE RATE MUST BE HIGH. I BELIEVE THE RATE WILL BE HIGHER THAN MOST THINK. I THINK IRAQ HAS TRIED TO BE VERY EVASIVE ON THE GOLD AMOUNTS THEY NOW HAVE… IF OIL DROPS OR JUST STAYS LOW IRAQ WILL NEED A HIGHER RATE.
3-4-2015 Newshound Guru Millionday “Iraqi Central Bank announced in May 2012 that the process of deletion of zeros from the country of Iraq will be transferred to the trillions of billions, indicating that the process of replacing the currency needs to be approved by parliament.” THIS MEANS THAT IT MAY TO TAKE ONE OR TWO YEARS TO COMPLETE. [does this mean we may not see any change in rate for at least a year or two?] NO THIS MEANS THAT IT MAY TAKE ONE OR TWO YEARS FOR ALL OF THE THREE ZERO CURRENCY TO MAKE IT BACK TO CBI. [Do you think that the removal of the 50s was the start?] YES I THINK IT WAS THE FIRST STEP… THE REASON THEY GAVE FOR THAT MOVE WAS TO LESSON CONFUSION FOR THE DELETION OF THE THREE ZERO CURRENCY. THE REMOVAL OF THE THREE ZERO CURRENCY IS A NEED FROM LACK OF USE DUE TO A CHANGE IN PRICES THEY MUST BE DOING — IF THEY DONT NEED THEM THEY WILL REMOVE THEM IMO.
3-4-2015 Newshound Guru My Ladies HCL IS FINISHED AND IN THE BUDGET…THE BUDGET IS PUBLISHED IN THE GAZETTE …THERE ARE 50 PAGES PUBLISHED INCLUDING GRAPHS AND CHARTS. …10 – 30 CENTS WILL NOT WORK…COMMON SENSE DOES NOT WASH WITH THOSE NUMBERS. WHEN THE BANKING SYSTEM GOES LIVE IT GOES EVERY WHERE, THERE CAN BE NO PRICE FOR THIS HERE AND PRICE FOR THAT THERE, IT JUST DOESN’T WORK. …ARTICLE WE SAW LAST NIGHT…THE CBI SAYS THE DINAR WILL RISE TO STRENGTH IN THE COMING DAYS AND I THINK WE ARE EVER CLOSER TO THIS HAPPENING. THIS IS A COUNTRY REBUILDING ITSELF FROM DUST, THIS IS A CURRENCY COMING OUT WITH SOME HEAVY RESPONSIBILITY…THINGS ARE MOVING VERY NICELY. IN TWO OCCASIONS THE GOI AND THE CBI HAVE TOLD US IN THE COMING DAYS IRAQ WILL RISE.
3-4-2015 RUMOR Guru TerryK SO WE READY FOR THIS TO HAPPEN TONIGHT OR TOMORROW. IM SEEING ALOT OF GOOD ARTICLES AND HEARING WONDERFUL THINGS. NOW I WILL TELL YOU THE FLOAT THING WILL ONLY HAPPEN AFTER THE RI / RV. IT IS NOT GOING TO FLOAT FROM 1166. SOME CAN THINK THAT… IM TELLING YOU IT IS NOT GOING TO HAPPEN THAT WAY.
3-4-2015 Newshound Guru Adam Montana …regarding the 50 dinar notes being squashed by the CBI…For most of us, this isn’t a big deal when it’s related to our actual physical holdings. But it IS a big deal when you apply this situation to what we expect to happen when the CBI pulls the BIG trigger. When a country changes value or actual notes, they can choose to let the old notes run at the same time as the new notes, or they can implement a “cash in” time. This is completely arbitrary – they can say 10 days, 10 weeks, 10 years, or whatever they want. In this situation, the CBI appears to be doing a “trial run” on the cash-in time. I always thought they would give us a minimum of 90 days, but with the 50 notes, they basically did a ~45 day cash in timeframe. Get your 50’s turned in within that timeframe, or they are worthless.
3-4-2015 Newshound Guru Adam Montana My thoughts on this are pretty straight forward. 1. No need to panic. A 50 dinar note is worth a nickel right now, so this is a perfect way for the CBI to do such a “practice run”. If you’re heavily invested in Iraqi nickels, my condolences to you… if that was my situation, I’d be looking for a dealer that will trade them, or I’d keep them as souvenirs. 2. I STRONGLY doubt that they plan on doing the same thing with the larger notes, but even IF they do, I understand that we are going to have a lot more options for exchanging. The game changes drastically when you switch from nickels to hundreds! Again… no reason to freak out…
3-4-2015 Newshound Guru Adam Montana 3. Here’s the real silver lining. Since this was announced, have you seen any kind of pandemonium or an irregular blast of news about the ISX dropping or pillaging and plundering because of a Great Depression coming to Iraq? No, you haven’t. And that’s because axing the 50s isn’t a major negative… in fact, it has more upside than most people realize. On that note, I’ll wrap up…by mentioning that I am VERY anxious to get some HCL news. There is a lot going on right now, and hopefully that can all play out in the next week or 2, then we can have some HCL news.