Iraqi Dinar Guru opinions 3-6-15
Iraqi Dinar Guru opinions 3-6-15
3-6-2015 Newshound Guru Tlar …delete the zeros is the name of this project…it is an event and is an overnight RV at some level…it is a process. The only way the lower denoms could be released is with an immediate increase in value high enough to warrant their release. How many times has the CBI told us that both currencies will circulate for two years since 2010…15, 20? Very, very few articles coming out support a float. More and more continue to support an immediate rate change in value which at almost any rate kills [the] float theory starting at 1166… A good question…Why would they want to bring out a currency at less than its true value. Quite simply they would not. So now with the government firmly behind this project and Maliki not being able to stop or threaten the project or the people at the CBI as he did when he was PM, and with the fundamentals being at least 3x’s better than they were in 2008 when the strategic study said that they could support an immediate increase of 1.13 to 1, I ask again, why in the world would they want to start the currency at 1166? I can give you 20 good reasons why they would not, starting with it could potentially damage an already fragile economy struggling to recover.
3-6-2015 Newshound Guru Breitling You’re seeing counties taking shots at each other by devaluing their currency and everyone is adding to their money supply…their note count. [China, United States, Vietnam, Russia, Switzerland and the Euro and now Australia] What’s the only country we know taking away from their note count? It’s that simple. We know what Iraq is doing cause there is no reason to take notes out of the market if they were not going to add value to it…why would they take notes out of the market? Why make those moves? It’s very simple…if you know someone is putting gas in a car you know they are going to drive it. You know if someone is taking the engine out of the car you know that car is not drivable.
3-6-2015 Newshound Guru Kaperoni …delete the zeros is the name for a project, not a single event. If you look at that way…you will realize this is not an overnight RV or some other action…it is a process…and the goal is 1 to $1. The dinar will rise gradually over a period of 2 years or more as stated…with the end result a new currency without the zeros.
3-6-2015 Newshound Guru Enorrste Article quote: “… confirmed an economic expert d. Peace Sumaisem, on Thursday, on the importance of the subject of the deletion of zeros from the Iraqi dinar, considering it as a support of the national currency, and a reduction of inflation in the country. Sumaisem said, in a statement to “Ein Iraq News”, “delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency, instead of the $ 100 equals 120 000 Iraqi dinars, after deleting three zeros become a $ 100 equals 100 Iraqi dinars, which is equal to the dollar and the dinar This means strengthening the Iraqi currency.” I really get disgusted at the “economic experts” who still don’t understand the process. It is a process, not an event…the process involves a change in the exchange rate regime rather than a LOP or an RV.
3-6-2015 Newshound Guru Adam Montana […if Iraq is going to rv, ri or whatever…AND…the CBI is going to take the 50 dinar notes out of the equation during the two month period of March 1 to April 30 – why should we expect anything to happen before those said 50 dinar notes are out of circulation?] Don’t let them fool you. They will move the rate whenever they think it is best for them, and the best time could certainly be when everyone thinks it would be hardest… like right now, in the middle of a 50-note test.
3-6-2015 Newshound Guru Mailman17 ONE OF MY CLOSEST CONTACTS AND A LONG TIME FRIEND WHO I WILL CALL BUBBA FOR NOW…HAS ALSO GONE OVER THE RECENT NEWS AND ARTICLES ESPECIALLY CBI ARTICLES AND WE BOTH CONCUR THAT THE CBI WOULD NEVER HAVE LET THE CAT OUT OF THE BAG AND TELL US IN SHORT THEIR INTENTIONS. THEY ARE READY TO IMPLEMENT ALL MONETARY AND ECONOMIC REFORMS THAT THEY HAS BEEN WORKING ON FOR YEARS AND ACCELERATED SINCE ABADI TOOK OFFICE. IMPLEMENT…NOT PLAN, NOT LOOK AT…NOT LOOKEY SEE, TALK ABOUT OVER COFFEE…BUT IMPLEMENT…ACTIVATE….MAKE IT HAPPEN…NOW. THE NEXT FEW DAYS SHOULD BE VERY INTERESTING…
3-6-2015 Newshound Guru Tlar Article quote: “Sumaisem said, in a statement to “Ein Iraq News”, “delete the zeros includes two basic objectives”, “the deletion of zeros”, and the “restructuring of the Iraqi currency”, The article implies that the zeros that are being deleted are not the zeros on the currency. She reiterates that they are going to “delete the zeros” and then “restructure the currency”. If this was a move to lop she would definitely have stated it differently. She might have said something like we are going to delete the zeros off the currency. It is understood that if you delete the “leading” zeros off the nominal rate, that it follows you would have to restructure the currency. Phrasing here is very important as it allows us to see inside the project exactly what they are going to do. Of course this assumes she is an insider with accurate information. The way she phrased it, it is an RV only. If it were a float only, again she would have phrased it differently maybe saying something like the intentions are to allow the currency to get to a dollar and when it does we will restructure the currency. She certainly thinks and talks like she is an insider with accurate knowledge of the project, but the question remains she is privy to the actual rate or is just stating this because it has a long time goal of Shabibi’s.
3-6-2015 Intel/Newshound Guru Backdoc …THE CBI OF IRAQ…SPOKE LOUDLY AND PROUD! THEY TOLD US THEY WOULD DROP THE ZEROS AND RAISE THE VALUE OF THEIR CURRENCY AND THEY TOLD US WHEN! WOW! …THEY TELL US THEY ARE BRINGING VALUE TO LAUNCH THEIR CURRENCY ON SUNDAY THE 8TH ! MMMM. TODAY THEY DID MORE THAN TELL US WHAT DAY THEY WILL BRING A REAL VALUE TO THEIR CURRENCY, THEY TOLD US THEY NEEDED TO PAY SOME BILLS…THEY SAID THEY ARE SENDING DISBURSEMENTS ON SUNDAY SO THAT IS CONFIRMATION OF A RATE AND THE FACT THAT THE CURRENCY REFORM HAS BEEN ACCOMPLISHED! WITH THE NOTE COUNT NOW SO LOW THEY WILL COME OUT WITH A HIGH SUPPORTIVE RATE AND THEY WILL DO THEIR JOB AS BEING A SUPPORT CURRENCY TO THE BASKET!
3-6-2015 Intel/Newshound Guru Backdoc WHY ARE THEY BUYING SO MUCH GOLD? PARTLY, WE KNOW ITS A STABILIZING FACTOR IN CURRENCY VALUE. IT MAKES THEM A MORE STABLE DONOR! ALSO ITS A WAY TO DE-DOLLARIZE AS THEY MAKE THE SHIFT TO THEIR OWN CURRENCY NOW. AND FINALLY, IT WILL ALLOW THEM A MUCH HIGHER RATE! LET’S GO BACK TO OUR DISCUSSION ABOUT THE LAUNCH ON THE 8TH! WE KNOW THEY ARE GOING TO START MAKING PAYMENTS BUT I’M NOT SO SURE WE WILL SEE THE RATE INTERNATIONAL UNTIL OZ TAKES CARE OF OZ FIRST, THEN HE WILL LET IT GO TO US! WE SHAN’T BE WAITING LONG NOW MY FRIENDS! OZ TOLD THE TRIGGER MAN AT THE SAFE HOUSE TO JUST RELAX BECAUSE THE CAT IS OUT OF THE BAG NOW FOR SUNDAY,THE 8TH DAY! HE SAID HE WILL TELL HIM WHEN TO PUSH THE INTERNATIONAL SWITCH WHILE FOLKS ARE SLEEPING…
3-5-2015 Newshound Guru Millionday Article quote: “…the Finance Committee and an expert in economic affairs the central bank to the need to activate the financial trading by linking the Iraqi dinar to a basket of foreign currencies…” CBI WANTS TO DIVERSIFY THE ECONOMY BY NOT PAIRING WITH THE US DOLLAR BUT WITH THE SDR (BASKET OF CURRENCIES). THE US DOLLAR IS WHAT OIL IS PURCHASED WITH SO THEY WILL USE IT FOR TRADE BUT…PEGGING TO THE SDR WILL ADD STABILITY TO THE EXCHANGE RATE AND MINIMIZE ANY FLUXUATION THAT MAY HAVE BEEN AVOIDED. SOMETIMES ONE CURRENCY IN THE BASKET MAY NOT BE DOING AS WELL AS ANOTHER — SO THIS WILL HELP EVEN OUT THAT SHOCK WITH THE VALUE OF THE DINAR. IF THE DINAR IS USED IN THE SDR — THAT WOULD MEAN THEY ARE A VERY STRONG CURRENCY AS WELL. VERY HUGE NEWS THAT WAS — THEY ARE HEADED FOR INTERNATIONAL RECOGNITION BY PEGGING BECAUSE THAT IS WHAT IT SIGNIFIES. THEY ARE TALKING ABOUT HOW TO COME OUT INTERNATIONALLY AND PREPARING FOR IT.
3-5-2015 Newshound Guru OOTW Article quote: “The country suffers the deficit as Iraq could not support its currency only if it received grants from third parties, and if possible its implementation is important (THE ZEROES PROJECT), reframes the currency indirectly supporting the national currency, and when the currency they restructure will reduce inflation in Iraq.” AFTER THIS ARTICLE CAME OUT, I’VE BEEN INUNDATED WITH QUESTIONS ASKING ME IF I BELIEVE THIS IS A ‘LOP’ ARTICLE – ALL I CAN SAY IS A LOP WILL NOT ADDRESS INFLATION – SHE’S SAYING (IT SEEMS TO ME) THAT THE ONLY WAY THEY CAN SUPPORT THE WORTH OF THE CURRENCY IS TO ASSIGN MORE VALUE TO IT, IF NOT, THEY’LL NEED (ADDITIONAL) LOANS. WHY WOULD THEY NEED ADDITIONAL LOANS WITH ALL OF THE RESERVES, INCL GOLD THEY HOLD, IF THEY WERE NOT GOING TO INCREASE THE WORTH OF THE DINAR, VIA THE PROJECT “DELETE THE ZEROS”?…JIMO
3-5-2015 RUMOR Guru I’m very excited about many things. Tikrit is looking very successful… The CBI prepped, with some adjustment to rates and now that that is pushed out to the other major banks. The rate has been pushed up a bit. Everyone is ready for this, in the government and elsewhere; they were mainly watching Tikrit and also debating a few other things. But they are ready. Our anticipation is that this gets done in the next few days. Tikrit is going well, everyone is ready, and we are just waiting.
2-5-2015 Intel Guru TNT Tony [via Adept1] On Iraqi television right now they are saying it will revalue in the next few days and it will be the strongest currency in the region. Qi cards got funded electronically, and they have converted the rate… We have been informed that on Sunday their banking system will be able to do wires and transfers in Iraq and internationally. We don’t have to wait until Sunday, but everything will be done when it goes into effect on Sunday. …all the meetings went well and everyone has been given that green light. Worst case, everyone in Iraq expects this to be done by Sunday when the new banking laws come into effect.
Fact check, according to many articles concerning the Iraq banks, they are NOT all set up yet for electronic transactions, if I recall correctly, they stated it would take a few months to finish the e-banking system.
3-5-2015 Newshound Guru Mailman17 DOESNT IT SEEM ODD THAT OF ALL THE BILLS IRAQ IS WORRIED ABOUT IS THE ALMOST NON EXISTENT ONES IN THE ACTUAL POSSESSION OF IRAQIS? LETS FACE IT..THERE ARE BUT A FEW OF THE ACTUAL PRINTED 50’S IN IRAQ. MOST ARE IN OUR HANDS. THEY LOOK AT THE 50 LIKE THE COINS…USELESS AND THEY ALWAYS HAVE FROM DAY ONE. WHENEVER IRAQ NEEDED MORE OF A CURRENCY PRINTED…THEY NEVER DID THE 50. WHAT WAS OUT WAS OUT. BUT…THAT SINGLE DENOM IS ALSO THE ONLY DENOM THAT WILL BE REPRESENTED BY THE NEW NOTES AND IF IRAQ IS TO START A NEW MONETARY REGIME WHICH INCLUDES A NEW BATCH OF NOTES TO REPRESENT THEIR NEW RATE (WHICH I STILL SAY 1-1)THEY NEED TO GET THAT PESKY OLD 50 DINAR NOTE OUT OF THE WAY…THE VERY LITTLE AMOUNT THAT IS PRESENT. THEY NEED THE NEW NOTES TO REPRESENT THE NEW IRAQ AND THAT WILL FINALIZE DE-DOLLARIZATION. WE SHOULD BE ABLE TO CASH IN OUR 50 NOTES AT THE BANKS PENDING IRAQ RELEASING THE NEW RATE ASAP. I OWN QUITE A FEW STACKS MYSELF AND AM NOT WORRIED… LETS SEE WHAT THEY DO IN THE COMING DAYS..JMO
3-5-2015 Newshound Guru Tlar Article quote: “A source in the Iraqi Central Bank, on Thursday, the banks will begin the implementation of remittances to their customers starting next Sunday, noting that it came after the completion of all the procedures and mechanisms by banks.” [Is this the same remittance with international banks which it would need internationally accepted currency?] Unfortunately it is not the definitive stopper we are hoping to see. All banks that will be doing remittances are set up to buy USD directly from the CBI under the new mechanism. So far they are just doing the same job that the CBI was doing before the CBI passed this responsibility to these banks. That means the banks will or can send USD on behalf of their clients. So they do not have to have an internationally accepted currency (dinar) to complete this task at this time. The currency they will be sending (USD) is internationally accepted.
3-5-2015 Intel/Newshound Guru Poppy3 IF YOUR REMEMBER DR SHABIBI STATED SEVERAL TIMES IRAQ WOULD HAVE AND CAN SUPPORT THE HIGHEST RATE IN THE MIDDLE EAST AND THEY ARE CONFIRMING AGAIN JUST EXACTLY WHAT HE STATED LONG AGO. BY THE WAY THE HIGHEST IN THE MIDDLE EAST ALSO MEANS THE HIGHEST IN THE WORLD BECAUSE KUWAITS IS THE HIGHEST. THIS IS ALSO WHY POPPY3 HAS ALWAY SAID $3.00 PLUS WILL BE THE INTRO RATE. NOT ANYTHING LOW. LOW RATES JUST WILL NOT WORK FOR THEM TO ACCOMPLISH ANY OF THE THINGS THEY HAVE SAID PLAINLY THEY WILL COMPLETE INTERNATIONALLY.
3-5-2015 Newshound Guru Adam Montana […do you feel that anything less than a dollar would stop the people from using the dinar and cause a major run on the US dollar? It just seems to me that there a so many resources to justify at least a dollar.] You stated that there are so many resources to justify at least a dollar – I agree, but the reason I propose it will be lower is because they can come out at a dime and then profit on the way up to a dollar via the spread on the exchanges. The CBI makes a profit on every exchange, regardless of which way the dinar goes.