Iraqi Dinar Guru opinions 3-20-15
Iraqi Dinar Guru opinions 3-20-15
3-20-2015 Newshound Guru Breitling Isn’t funny that they just announced from the CBI that they are going to go ahead and start this 3 year process of adding value to their currency and also don’t you find it strange that they are going to take their 50 dinar note off and retire it because it’s part of reducing the note count process…these guys are actually making things happen. It’s very very exciting!
3-20-2015 Newshound Guru Adam Montana [When is Ramadan? …we know once Ramadan takes place everything slows down…Your opinion, with Al-Abadi in place, do you think progress will continued forward once Ramadan arrives, or will we have the normal slow down taking affect and our wait continues into 2016?] Ramadan is June 17 to July 17 this year. I don’t think we’ll make it that far without seeing something major. Will Ramadan be any different for Parliament under Abadi as opposed to Maliki? I would certainly think so, but “how much” different remains to be seen.
3-20-2015 Intel/Newshound Guru tman23 they have an HCL agreement in large…the devil is in the details…and those details cannot be defined until there is a article 140…which cannot happen without a census…which cannot take place with all the displaced people…so if we need a HCL to have a RV… were a looong ways away.
3-20-2015 Newshound Guru Millionday THE ISX…ANYONE SEE IT? [yes and there are mixed reviews on that – some “in the know” say it’s a glitch. check the market reports and you’ll see that yesterday was just a normal day and this is a mistake.] GLITCH WITH A MAJOR STOCK MARKET? HERE IS WHAT I SEE. Market Summary General index 928.35Change 852.98 % Change 1,131.72% Value traded 1,938,899,339 Shares traded 2,035,424,172. THE CHANGE IN THE ISX IS OVER 1100%. THIS IS A MAJOR MAJOR CHANGE. …THAT HUGE % OF CHANGE IS SOMETHING THAT WILL SHOW SOME TYPE OF NEWS FOR US VERY QUICK.
3-20-2015 Newshound Guru Millionday [what does that mean for the RV?] I WISH I HAD THE EXACT ANSWER FOR YOU…BUT WITHOUT THE MARKET REPORT OF WHAT IMPACT THIS HAD TO THE CURRENCY MARKET AND THE GLOBAL MARKET I DONT KNOW YET. I HAVE TO SAY THE MISTAKE IF THAT IS WHAT IT IS VERY INTERESTING…IF NOTHING ELSE — OF COURSE US AS LOGICAL PEOPLE HAVE TO LOOK MORE BEFORE WE CAN STATE ANY POSITIVE CHANGE OR IMPACT ETC…WE CAN NOT GET EXCITED ETC WITH ONE DAY WITH NO NEWS OF SUCH A HUGE CHANGE ETC. — THIS HOWEVER VERY INTERESTING…
3-20-2015 Newshound Guru OOTW Article quote: “Kurdistan region received $420 million from the budget of Baghdad dues, according to the announcement, Finance Minister in the federal government, Hoshyar Zebari. He said Zebari’s remarks, told Reuters on Thursday that such payments mean that the parties are committed to the agreement of oil.” wow…so…the last [article] i saw stated they were going to pay 250 million and now this? woah! everyone we please need to be on the lookout for announcements showing the people celebrating over this – that’s when we know we’re good.
3-20-2015 Newshound Guru tlm724 Article: “The high value of trading during the current week sessions of the Iraqi market for securities” Quote: “…announced the Iraq Stock Exchange, on Thursday, a rise in the value of the trading sessions during the week, reaching (8.906) trillion dinars, compared with the market value last week (7.981) trillion dinars, an increase of 11%.” There could be an issue with the ISX post from yesterday. Appears to be an 11% not 1100 % increase…someone must have forgotten the decimal point lol still great to see gains. Their site is still showing that 1100% but it also has NOT been updated so that makes sense.
3-19-2015 Intel Guru SteveI I talked to [Guru] Ray last week and none of our contacts have anything new. We all felt that February was a very time for this to appear, but Iraq did not feel that they were quite ready. We are being told that the banks are ready and the CBI is ready, but one of the hold ups could be the continued security regarding ISIS. It is my understanding that ISIS still controls the border between Iraq and Syria, thus causing a problem if the border does need to be closed for a short period of time. I believe the lack of news is very encouraging and what news is coming out, is very positive regarding this investment. Iraq simply cannot support the budget and development at the rate they currently have. Hang in there and hopefully it will all be over soon…
3-19-2015 Newshound Guru sczin11 [whats your take on the ISX hype?] …THE ISX IS KEY TO ER/MR REFORM GROWTH… WITHOUT IT, NO MONEY OF ANY CONSEQUENCE COMES INTO IRAQ – I STATED THAT THE COUNTRY WOULD IMPLODE, RETURN TO TRIBAL LEADERSHIP… THIS IS MUCH MORE PRESSURE ON THE CBI, THAT CAN NOT CONTINUE…AND IN LAST 24 HRS, WE ARE SEEING BIG COMPANIES TAKING MONEY OUT OF THE BANKS, AND THE BANKS BEGGING THEM TO COME BACK.
3-19-2015 Newshound Guru Breitling The ISX is correcting a little bit. The rich have one thing in mind…to buy at garage sale discounts. So what happened? The ISIS came in the ISX [Iraqi Stock Exchange] took a hit…I personally started buying more and more and guess what? It’s going up.
3-19-2015 Newshound Guru Kaperoni The reality is they are not going to achieve Article VIII anytime soon. That being said, whatever they are doing..it does not appear to have the blessing of the IMF either. And that is cause for some concern. We have to hope they are doing what Dr. Bakri stated when I asked about Article VIII accession…”Iraqi dinar first needs to improve before coming to such a work, and improvement comes through delete some zeros from the Iraqi dinar,..” I don’t believe the CBI is ignoring monetary policy (though they are apparently not really interested in IMF compliance at this point) especially when we see the all the economic articles. The Prime Minister is working hard on changes, there are conferences and such going on… quote from a dinar article…”And between Yasiri that the Finance Committee “supports changes to the local currency because of the economic importance of the country.” The central bank says that the deletion of zeros is part of a plan to develop its monetary policy and currency reform management.”
3-19-2015 Newshound Guru Kaperoni As we have stated, the dinar will rise as a result of inflationary pressure created by investment. What we are seeing the past couple of weeks appears to be measures that will create the environment for that pressure to happen. Raising the value of the dinar is sorta like a consequence and not a “just because” action. The remittances, tariffs are just the start…we will simply need to watch and see how Iraq’s economy progresses. Just because the CBI is not following the IMF Article IV requirements is not necessarily a bad thing if the goal is the same. And we believe the goal is to open the banking system so investors can participate. If they do, the dinar will rise. What happens after that is still to be determined. No need to panic. Let it come to us.
3-19-2015 Newshound Guru Chattels “Zebari said that the delay is due to the financial crisis and not to political factors, and added that the two sides remain committed to the agreement…the agreement is still a mainstay of relations between the two parties, noting that a comprehensive agreement is of great importance to all.” MY SENSE OF “COMPREHENSIVE AGREEMENT ” IS THAT SUCH IS A REFERENCE TO A PERMANENT, EXPANSIVE AND INCLUSIVE HCL AS OPPOSED TO THE ” DECEMBER AGREEMENT ” WHICH IS INCORPORATED INTO THE 2015 BUDGET AS LAW FOR THAT YEAR, BUT NOT BEYOND. THE CURRENT UNDERSTANDING BETWEEN BAGHDAD/GOI AND ERBIL/KRG DOES NOT RESOLVE SOME IMPORTANT ISSUES, TO WIT: 1) ENTITLEMENT ON EXCESS PRODUCTION OF 550,000 BARRELS, AND 2) MANAGEMENT OF SUCH PRODUCTION BY SOMO OR KOMO OR ANOTHER ENTITY.
3-19-2015 Intel Guru Frank26 K notes were made and designed solely for a Program rate that started around 4500. Today it sits at 1166 AND LD’s / Fils coins Were made and re-designed with Kurd language solely for a HIGHER IQD RATE. S.S. at The CBI is doing that right now.
3-19-2015 Intel Guru Delta WOW IRAQI STOCK EXCHANGE UP OVER 1000%. IRAQI MEDIA SAID THAT ISX IS DOWN, BUT ISX SITE IS SHOWING HUGE INCREASE.. IMO…AFTER HOURS MARKET FOREIGN INVESTOR.
3-19-2015 Newshound Guru tlm724 ISX is up 1100% over night Today at 8:03 am. […something is up and I believe its a good thing.] It appears you are correct. The ISX increase appears to have an huge influx of liquidity into mainly Bank and Insurance stocks to the varying tune of a 60-90 % increase. …big investors are pumping money into the banks in Iraq and this shows a tremendous amount of confidence.