Iraqi Dinar Guru opinions 3-12-15
Iraqi Dinar Guru opinions 3-12-15
3-12-2015 Newshound Guru Mailman17 NOT ONLY DO WE NOW HAVE THE PARLIAMENTARY FINANCE SCREAMING FOR THE RATE CHANGE BUT ALSO THE BANKS SCREAMING THEY ARE LOW ON FUNDS. THE IRAQ ECONOMY NEEDS THIS PLAN ACTIVATED ASAP. THE BANKS ARE GETTING AND TURNING IN MOST EVERY DINAR THEY COLLECT OFF THE STREETS AND IN EXCHANGE THEY ARE GIVEN US DOLLARS. THAT DOES NOTHING FOR A BANK TO DO DAILY BUSINESS…THEY NEED THE CURRENCY OF THEIR OWN COUNTRY. THE BANKS ARE TURNING IN THEIR DINAR AT 1166 AND IN EXCHANGE GET 1 US DOLLAR. SO NOW WHAT ARE THE BANKS GONNA DO WITH ALL THAT US DOUGH? HERES SOME FOOD FOR THOUGHT…
3-12-2015 Newshound Guru Mailman17 THE BANKS TURN IN EVERY DINAR THEY OBTAIN IN EXCHANGE FOR U.S. AT 1166. NOW, THE CBI ASSUMES THEY HAVE THE STREETS CLEAN OF IRAQI CURRENCY. …LETS ASSUME EVERY INDIVIDUAL BANK NOW HOLDS 50 MILLION US IN EXCHANGE FOR 50 BILLION DINAR (ESTIMATED). NOW THE RATE CHANGE OCCURS AND THE COUNTRY IS NOW OFFICIALLY DE-DOLLARIZED. THE BANKS NOW NEED DINAR IN THEIR VAULTS FOR RESERVE AND DAILY EXPENDITURES. LETS SAY THE RATE IS 3 BUCKS. THE BANKS NOW TURN THE U.S. OVER BACK TO THE CBI FOR…READY…DRUM ROLL…16,666,66 DINAR. NOW WE KNOW THEY WONT GET ALL THAT IN SMALLS…BUT THEY WILL GET SOME…WITH THE REMAINING BEING ON THE BOOKS AS CREDIT. NOW HERE COME THE LOANS FOR BUSINESSES AND INFRASTRUCTURE…ALL DONE WITH NUMBERS ON PAPER AND NOT PHYSICAL CURRENCY…
3-12-2015 Newshound Guru Mailman17 THE BANKS WILL HAVE JUST ENOUGH TO DO DAILY TRANSACTIONS BUT ANYTHING BIG WILL BE DONE IN VIRTUAL CURRENCY JUST LIKE HERE. AND THE PEOPLE WILL GET WHAT THEY WERE PROMISED…PURCHASING POWER. ENTER THE Q-CARDS, PAYROLL, RETIREMENT, ETC. ALL DONE ON A CARD. JUST FOOD FOR THOUGHT AS TO HOW THIS MAY HAVE BEEN PLANNED ON GOING DOWN…I MIGHT BE WRONG BUT IT DOES RAISE AN EYEBROW OR 2 AS TO HOW THEY INTEND TO GO FORWARD WITH ALL REFORMS PLANNED…JMO. I MUST REITERATE THAT IRAQ IS AND NEVER WAS WORRIED ABOUT THE DINAR OUTSIDE THEIR COUNTRY. THAT DINAR HAS A PLAN AND ALWAYS WAS TO BE PUT FOR OUTSIDE COUNTRIES RESERVES. HOW THAT EVENTUALLY FILTERS BACK TO IRAQ IS ANY ONES GUESS, BUT A REVALUED DINAR IS A GLOBAL LIFESAVER TO ALL ECONOMIES. AND YES…ME AND YOU AS WELL. BUT WE WERE ALWAYS GUPPIES IN THIS FISH POND FROM THE START. THATS OK THOUGH…WE WILL BE RICH GUPPIES..JMO.
3-12-2015 Intel/Newshound Guru tman23 Article quote: “This is a decision taken by the Central Bank of Iraq, which represented by Mr. conservative relationship greatly influenced and the evidence now talking of the means of streets, a one way street in which a beautiful job now become almost empty as a result of the rise of the dollar.” The streets are saying the rise of the dollar is KILLING BUSINESS… THE PAYING FOR IMPORTS ARE KILLING THE PRICE IN THE STREETS…THEY NEED PURCHASING POWER NOW…AND THE ONLY WAY IS TO RAISE THE VALUE OF THE DINAR.
3-12-2015 Newshound Guru Millionday [how do we go from…having to get er done…and then today Abadi telling people to be patient. Either they need to get it done or they don’t . Asking for patience says we still have a ways to go and no urgency… How many times do you have to say implementation and not implement?] I DO AGREE — AN INTERNATIONAL RATE WOULD MAKE PEOPLE FEEL MUCH MORE CONFIDENT…HE [ABADI] IS SAYING JUST BECAUSE IT IS NOT TODAY DOES NOT MEAN THAT IT IS NOT COMING — THERE IS NO DATE GIVEN –I THINK THIS IS GREAT WHAT ABADI IS SAYING AND AM VERY EXCITED OVER IT — HE IS SAYING THAT THE ECONOMIC REFORM IS COMING.
3-12-2015 Intel/Newshound Guru tman23 I was told…The counters were shut down along with oil flow to Kirkut for 3 days to do audit and inventory and final readings…I was also told that April the Kurds will receive the full 17% of the 2015 Budget…I was told that contractors in Kurdistan were promised without delay payments second week of April… I hold back sharing such as I read different media articles that elude to different scenarios…but take note that when I’m told it has usually happened just as said. That is why I say we could see a rate change any day…especially since the streets are drying up form a recession moving in AND inflation beginning to creep up also.
3-11-2015 Intel/Newshound Guru Poppy3 I WAS TOLD LAST WEEK THERE ARE NOW 86 MAJOR CORPORATIONS FROM AROUND THE WORLD WAITING TO INVEST IN IRAQ. EVEN HEARD FORD MOTOR COMPANY WANTS TO BUILD A MANUFACTURING PLANT THERE. THEY ARE ALL ON HOLD TILL BANKING LAWS ARE IN PLACE TO PROTECT THEIR DOLLAR INVESTMENT. THIS IS THE BIG REASON THEY KEEP TALKING ABOUT DRAWING THE INVESTORS IN TO IRAQ. IT PUTS EVERYTHING IN PERSPECTIVE ABOUT WHY THE PUSH TO GET THINGS IN PLACE. ALSO TIES INTO THEM GETTING THE MAJOR OPERATING LOANS IN PLACE.
3-11-2015 Newshound Guru Kaperoni Article quote: “Alaa al-Tai kicks off next Saturday acts Intergovernmental Conference to discuss the executive procedures for the initiative to activate the partnership between the public and private sectors, in order to proceed with the implementation of the strategy recently launched by the government to support the economic reality in the country.” I don’t want to get overly excited, but this follow up conference to the one held last month by Abadi is making sure the directives are being implemented. Saleh says..they will launch the recommendations (from the previous conference) which includes executive measures. IMO, knowing how significant the currency is to the market economy this conference could set the stage for the beginning of the float or at least the procedures to get it started. We may be very close.
3-11-2015 Newshound/Intel Guru BGG if they don’t do something with the purchasing power – it is likely they will pull back on the tariffs (or need to)…which is a dead give-away as to what was/is intended to be happening right now.
3-11-2015 RUMOR Guru The RV could have been done a year ago, two years ago, and everything done up to today could have been done after the RV. It might have been more dangerous, but that was the plan until those in key positions didn’t do what they agreed to do, once they were in power. We report what is happening right now, what we see and what they are trying to get accomplished. …we have NEVER been in this position. Even though we were within ten minutes of the RV happening, we were never in this place before, with all these parts done. Everything is good, no bad news….they just don’t want everyone to know the exact day and time…we are there, numbers are there…All we’re waiting for is the moment of truth. Everyone in key positions in the US and in Iraq are very excited today, and you should be too.
3-11-2015 Newshound Guru Adam Montana I’ll just get to the point immediately – We are, as we have for the past few weeks, on an HCL watch. We had two potential scenarios – A: Parliament slammed it on the books and we blazed right into an RV and we all scrambled. B: They don’t do A. Obviously they chose option B. The only way I’d be getting discouraged is if there was backwards or negative progress…and that’s not the case. March 9th 2 more points in the HCL passed Parliament. March 10th 5 more were approved. 2 more were slated for today if I’m not mistaken, and also if my information is accurate there is a total of 16 items to get through…They *could* do all 9 (?) by tomorrow, which would be absolutely AMAZING! My gut feeling, however, is that this will drag out to next week… sorry to everyone hoping that Friday was “payday”. I’ll eat a whole table full of crow pie if I’m wrong, with a huge smile on my face! That’s just my opinion, nothing more. So, where are we right now? That’s easy – we’re sitting on the sidelines, watching our team march towards the goal, steady and sure. That’s a pretty good feeling if you ask me!
3-11-2015 RUMOR Guru Everything is incredibly awesome. Everything is ready to go and we’re waiting on the exact time. The CBI has all technical and legal processes loaded and ready. They are up and running. Laws and regulations are all where they should be. On television they have been saying to get ready for the economic reform, and “currency will have a higher value than ever before.” Everyone is getting excited with lots of wonderful expectations that this will go down in the next day or so.
3-11-2015 Newshound Guru Millionday Article quote: “He denied the Iraqi Central Bank, last week reduced its reserves of hard currency (the dollar), indicating that it covers the Iraqi currency traded at more than one and half times the size, without setting a specific value of the reserve.” AS WE SEE ONCE AGAIN IT IS 150% OF THE DINAR VALUE THAT THE RESERVES ARE AT BUT — THE MOST INTERESTING PART IS THAT THE AMOUNT HAS NOT BEEN RELEASED DUE TO THE EASY CALCULATION THAT WOULD PROVIDE OBVIOUSLY.