Iraqi Dinar Guru opinions 3-7-15
Iraqi Dinar Guru opinions 3-7-15
3-7-2015 Intel/Newshound Guru Tlar IMO the program that started out in 2007 known as “delete the zeros” was terminated on or around Sept/Oct of 2012 by Shabibi. He changed it to “just bring the currency out at 1166″ (FLOAT), and then program was changed back again under Turki to the originaql plan of “deleting the zeros” which is where I believe we are today. Some folks got stuck in the middle where Shabibi was going to just float the currency, but most followed the articles and moved on with the change back to deleting the zeros.
3-7-2015 Intel Guru Frank26 We are surprised. Stunned. The AMOUNT… VOLUME of INFO coming from both The GOICBI at once. This is rare. Especially for a Saturday. Causing interest for Sunday…Tomorrow…articles are packed with foundational LAWS!!!
3-7-2015 Newshound Guru Enorrste I have never…espoused the idea that there would be an RV to $1 and a float thereafter. The RV is simply not possible. If they tried to say, “Our dinar is now worth $1″, then, overnight, their money supply would be worth $40 trillion, or about 15 times the money supply of the world. That is why an RV won’t work. Put another way, that is why a start rate of $1 per dinar won’t work, either. As we have said before, once the exchange rate regime is changed to a freely floating currency, the OFFICIAL rate and the STREET rate become the same thing. The 2% rule is thereby satisfied immediately. 90 days later, in theory, Iraq could move to Article VIII.
Fact check, Enorrste, stated in many chat rooms that the Dinar would RV at $3+, that is fact, I guess he has changed his opinion.
3-6-2015 Intel/Newshound Guru Poppy3 …THE $3.00 PLUS I HAVE PREACHED SINCE 2010 IS STILL WHERE THE OFFICIAL CBI PEEPS ARE SAYING WE WILL SEE.
3-6-2015 Newshound Guru Millionday THE BEGINNING OF THE REMITTANCE WILL BE ON THE 8TH OF MARCH — THIS IS SUNDAY COMING UP. [what are remittances?] IT IS THE ABILITY TO WIRE BACK AND FORTH WITH A COUNTRY THROUGH MONEY COMPANIES AND BANKS — WIRING SYSTEM. [With the start of the new mechanism regarding the remittance program/system…could this mean that it is internationally recognized?] YES IT WOULD HAVE TO BE INTERNATIONALLY RECOGNIZED. REMITTANCE CAN BE EXPLAINED THAT INTERNATIONAL BANKS AND MONEY TRANSFER COMPANIES CAN WIRE ACROSS THE GLOBE BY SUPPLY AND DEMAND. [can the rv be expected on the 8th…what can be expected on the 8th…?] WE DONT KNOW THE DATE…OR THE RATE. THE BEGINNING OF THE REMITTANCE AND WHATEVER STEPS THAT MAY BE — CBI CAN SET THE VALUE AND THE INTERNATIONAL RATES AT ANYTIME THEY WANT — THEY HAVE THE GREEN LIGHT. THEY WILL BE EXCHANGING CURRENCY BY WIRE — HOW THEY WOULD DO THAT WITHOUT A NEW VALUE AND INTERNATIONAL RATES IS BEYOND ME — BUT IT WILL BE SEEN ON SUNDAY.
3-6-2015 RUMOR Guru We’ve talked about $3.89 or $3.90 a few weeks ago, and last night they were confirmed at $3.90. We talked to bank managers and tellers, and they are all seeing the same live rate at this moment. However, no one can do a transaction that we know of – that’s what we are waiting for. Iraq is scheduling a major announcement for this weekend, and they are expecting celebrations this weekend about Tikrit. Even though banks in Iraq will be able to do international bank transfers as of Sunday, that doesn’t mean the RV has to wait until Sunday. On their television, they are saying that this is happening in the next few days. We are waiting for the moment of impact. I’m feeling super-fantastic…
Fact check, this is the same guy that said people were getting “contract rates” and cashed in at over $38.00 back in December 2014. I remember, you decide! Oh ya, where are the 800#’s? As I said before, there will be NO 800#’s.
3-6-2015 THE OTHER RUMOR Guru There have been last-minute meetings and everyone has been told to do the green light. That last meeting has occurred and been given a time, and we don’t know when that is. IN the last 24 hours, signals have been sent to update all world-wide rates to 3.90 – that has been sent out and tested with small exchanges. WE have got that from high to low level bankers throughout the world, but no one has been given a time…every country has been put on alert… We don’t know the time, but we know it is live across the entire world, but they have not announced it. We are simply waiting on the announcement from Iraq. It doesn’t have to be a big one, but Iraqis get it first, then the Kurds, then we will get it. It is live, but transaction codes have not been given. We are waiting on Dr Abadi and Dr Shabibi to get this done. The timing is being tightly held. It could happen in the next minute, Saturday night, Sunday night… we don’t know.
Fact check, there is NO credible reports or articles stating that Shabibi is even involved anymore. The former “Deputy Governor of the CBI”, Mohammed Saleh, is now the adviser to the current Prime Minister Haider Abadi, but no mention of Shabibi taking an active role.
3-6-2015 Intel/Newshound Guru tman23 A few weeks ago when Abadi asked for citizens to be patient until June…THERE ARE NO DATES BEING IMPLIED BY ABADI FOR A REVALUATION OF THE CURRENCY…BUT RATHER MORE SO THE CITIZENS BEING PAID BACK PAY…AND REMEMBER HE PROMISED THEM RETROACTIVE FROM JANUARY 2014 ALONG WITH PAY INCREASES…AND TO DATE/ ABADI HAS KEPT ALL PROMISES. [do you think we will have to wait until june according to that statement or that they will get all of their money by then (backpay)?] I look to June…But there absolutely no doubt that we are in the moments of monetary reform and an announce could come at any time.
3-6-2015 RUMOR Guru TerryK THERE IS NOT A BASES FOR THEM NOR WILL IRAQ AGREE TO A FLOAT AS THIS WILL NOT PAY THE BILLS NOR PAYMENTS TO SHELL THE OIL COMPANY….PERIOD. I TALK TO THESE PEEPS AND IM TELLING YOU THAT WILL NOT HAPPEN. I AGREE THEY WILL FLOAT AFTER THE RI/RV…THEY CANT START AT 1166 AND WILL NOT. MY IMF CONTACT…TELLS ME…THAT THEY HAVE AGREED TO ALLOW IRAQ CBI TO OPEN AT A AGREED RATE THEN FLOAT…NOT AT 1166. THEY HAVE ALREADY AGREED AT LEAST A RI RATE. NO WHERE HAVE I SEEN WHERE THEY SAY THEY ARE GOING TO FLOAT FROM 1166…ITS GOING TO BE FROM A RATE OF 3.22 OR HIGHER…IN FACT IM BEING TOLD 3.90 AND THEN FLOAT. I HAVE IT ON GOOD HANDS THAT WE WILL OPEN AT 3.90.
3-6-2015 Newshound Guru Enorrste My personal belief is that this could happen sooner rather than later because, as I have stated many times before, once the cat is out of the bag and a new exchange rate regime is created there is really nothing to hold it back, unless, of course, the CBI intervenes. However, I don’t believe that it is in their best interest to intervene and create a “ratchet” effect on the rising of the dinar. Their main concern will be on getting the large notes off the street in Iraq, and to the extent that they can do that seamlessly I see no reason for them to intervene in the international market.
3-6-2015 Newshound Guru Enorrste …it would not surprise me to see the dinar get to $1 by the end of the year. The CBI says that it will take 2 to 4 years (more recently they are leaning toward 2 rather than 4 according to the articles) and we would assume that all large notes would be off the streets at $.50 per dinar. Even a 1000 dinar note would be worth $500 at that point. So, I suspect that they are projecting to get to $.50 in two years. I can live with that, but I think that international speculation will have more to say about it and that it will actually move up much more quickly, especially as investment moves into Iraq. I would not be surprised to see oil denominated in dinars after the change in the exchange rate regime, although not immediately. Imagine what that would do to the value…I am quite optomistic at this point. I can wait a few more weeks to see the ticker start to move.
3-6-2015 Intel/Newshound Guru Backdoc JUST TO BE CLEAR HERE I IN NO WAY AM CALLING THE INTERNATIONAL RATE ON THE 8TH! THE 8TH IS WHEN THEY SAY THEY ARE DROPPING THE ZEROS AND ADDING VALUE, RIGHT? SO WE DO EXPECT IT BEFORE THE END OF MARCH SINCE THAT IS WHEN THEY INTEND TO LAUNCH THEIR MARKET ECONOMY! I THINK SOME FOLKS HAVE MISREAD MY POST, READ DEEPER! WE WILL SEE VALUE DONE ON THE 8TH BUT NOT FOR OUR EYES YET!!! PLEASE RE-READ CLOSER! BUT SOON!
3-6-2016 Newshound Guru Millionday …RUMORS BY SOME STATING THAT CBI DOES NOT HAVE ENOUGH RESERVES ARE NOT TRUE — IN FACT THEY HAVE 150% TO BACK THE VALUE INTENDED FOR THE DINAR. [do we Know what the “value” is 2 “back the dinar is?] NO — WE DO NOT KNOW THE RATE OR THE DATE YET — WE HAVE TO WAIT ON CBI TO RELEASE IT HOWEVER THEY SAID…THAT CBI WILL BE THE ONES THAT LISTS THE DINAR ON THEIR ISX. CBI HAS ANNOUNCED THAT THEY HAVE THE GREEN LIGHT TO MOVE FORWARD WITH THE REMOVAL OF THE THREE ZERO CURRENCY — THIS WOULD BE A RESULT OF THE NEED FOR THEM SO IT IS SAFE TO SAY THAT THE PRICES WILL REFLECT THOSE THAT DONT REQUIRE SUCH HIGH DENOMINATIONS.