Iraqi Dinar Guru opinions 3-22-15
Iraqi Dinar Guru opinions 3-22-15
3-22-2015 Newshound Guru Millionday Article quote: “Zubaidi said according to the statement of Ministers to the importance of “investing in Iraq, especially in the land, sea and air transport projects to serve the common interests of our Arab”. …THEY ANNOUNCED THIS WEEK THEY ARE READY TO RECEIVE ALL THE ARAB COMPANIES TO INVEST — WHOOPOW. [would keeping the rate at 1166 give foreign countries more investing power?] NOT AT THE PRICES THEY HAVE SET — AND THE LACK OF THE ABILITY TO JOIN THE MARKET ECONOMY… TO OPEN THE DOORS TO INVEST THE COMPANIES THAT ARE INVESTING WOULD ALSO LIKE TOURISM AND ALL SECTORS TO BE OPEN — WITH NO MARKET ECONOMY THE ABILITY TO MAKE MONEY IS MINIMIZED WITH A GLOBAL ECONOMY AS WE ARE USED TO AND MANY IN THE GLOBE ARE AS WELL.
3-22-2015 Newshound Guru wmawhite [Do you have an opinion on the ISX Glitch.. Feed error? Or maybe not?] It is difficult for me to believe such a large % change is an error in the state of the art trading system they the ISX just put into operation. [what is the hold up with rv any ideas?] I do not believe there is any hold up with the re pricing of the IQD. To say there is a hold up implies that we know their schedule. However, we do not know their schedule so we do not know that there is a hold up. We know what is going on…they continue to tell us every few days. We were told two weeks ago that the green light was given to process with the “project”. Prime Minister Abadi told us last week that he is activating the private sector.
3-22-2015 Newshound Guru wmawhite What we do not have are the details of each event we are told about. However, most of what they want to do eventually requires the IQD to move back and forth electronically through the central bank system. Prime Minister Abadi has already told the world (when in Davos and Berlin) that Iraq is joining them on the world economic stage. That means that the IQD will have true value. Every week or so they tell us a little more. They are preparing to walk up onto that stage. …remember that the revaluing/repricing of the IQD is only one of many, many events that need to happen for Iraq. To us, it is the only event. I believe that Abadi is going to do what is best for Iraq at the best time for Iraq. Not necessarily the best time for me.
3-22-2015 Newshound Guru Enorrste Article: “IMF Staff Concludes the 2015 Article IV Mission for Iraq” Quote: “The foreign exchange market has remained stable in 2014 following steps taken by the CBI to liberalize it, and the parallel market spread had declined to 3.5 percent at the end of the year. However, the authorities should reconsider the caps on CBI foreign exchange sales and the collection of custom duties through commercial banks. These measures are effectively restricting the supply of foreign exchange to the Iraqi economy and have boosted the parallel market rates to record levels in the past weeks.” I don’t think the article is referring to the remittances…but only to the Parliament’s illegal action to limit the CBI’s ability to do its work. With respect to the overall impact of the Article IV consultation, I believe we should wait for more details and their official statement before we get riled up.
3-22-2015 Newshound Guru Enorrste I don’t see anything in this short article that indicates that the plan has been put on hold. Instead, I see that the IMF is pointing out that the street rate and official rate are separating; nothing more than that. This isn’t news to the CBI. They are clearly aware of the situation. The solution, as I have stated before, is to move to a new exchange rate regime. Once that is done then the street rate and the offical rate become synonymous. Ninety days later, should they want to, Iraq could move to Article VIII of the IMF Charter. To conclude: this article is simply stating the facts: Iraq is not in compliance. It implies that the Parliamentary restrictions are the source of this lack of compliance and that something should be done to tell Parliament to “bug off.”
3-22-2015 Intel/Newshound Guru Poppy3 …I HAVE BEEN TOLD ON TWO OCCASIONS FROM THE BEST POSSIBLE HIGH RANKING SOURCES THAT IRAQ IS IN THE FINAL STAGES OF THE PROCESS OF BEING ON THE ECONOMIC GLOBAL STAGE …THE LEADERS KNOW WHAT IS NEEDED AND THEY ARE GOING 110% TRYING TO GET TO THAT POINT. I AM RELAXED AND CONFIDENT IN OUR INVESTMENT.
3-22-2015 Newshound Guru sczin11 THIS WEEK IN REVIEW…IMF REPORTS 2015 CONSULTATION…WTO REPORTS REVISION 9…ISX SHOWS EITHER A MAJOR GLITCH, STILL NOT CORRECTED, OR A TREMENDOUS INFLUX OF MONEY, A FEW DAYS AFTER REPORTING A COMPLETE WITHDRAWAL OF INVESTMENT MONEY, THE WORST THEY HAVE SEEN IN A LONG WHILE, IF EVER…CBI SAYS DINAR IS FINE, DON’T WORRY ABOUT WHAT YOU SEE…WILL ALL BE CORRECTED IN A FEW DAYS…MONEY, AND A NICE CHUNK, WAS SENT BY BAGHDAD TO THE KURDS…LOTS OF TALK ABOUT TIKRIT BEING TAKEN BACK BY IRAQ….MAJOR BONDS BEING OFFERED TO PAY OFF OIL COMPANY DEBTS… INVESTMENT LAW AMENDMENTS BEING TALKED ABOUT AGAIN…LOTS TO BE ENCOURAGED ABOUT…YET WE STILL WAIT, AND SEE…
3-22-2015 RUMOR Guru NOBODY IN IQD LAND KNOWS THE DATE OR THE RATE…HOWEVER…THE INTEL TODAY IS ON STEROIDS. I WILL TELL YOU THIS THE NUMBERS GURUS ARE THROWING AROUND HAVE BEEN ACTUALLY SPOTTED AND ARE NOT MAKE BELIEVE.
3-21-2015 Newshound Guru sczin11 IT IS NOT ABOUT HOPE…IT IS ABOUT WHEN? WE ARE DEALING WITH THE CURRENCY OF ONE OF THE WEALTHIEST COUNTRIES IN THE WORLD, IF NOT THE WEALTHIEST…WHARE TRYING DESPERATELY HARD, DILIGENTLY, AND METICULOUSLY, TO REBUILD THEIR INFRASTRUCTURE, REGAIN CONFIDENCE OF THEIR PEOPLE, AND LURE IN THE FOREIGN INVESTOR…ALL AT THE SAME TIME AS KEEPING PEACE, MAKING AMENDS, AND SUPPORTING THEIR BROTHERLY NEIGHBORS!!
3-21-2015 RUMOR Guru …the RV rollout has begun…The major obstacle is ISIS as it is slowing down the rollout more than was in the original plan. But be assured it is occurring. Some…are still…talking about the IQD rate coming out at the provisional or program rate (around 1166). This is of course foolish… First we know for a fact that Iraq is already paying out on Qi cards the adjusted rate of $3.91. This is a converted rate from their 1166 program rate to USD. Second if the rate was to come out so low…the hedge funds and money managers would come in and gobble up trillions worth literally within hours…and drive up the value very quickly in doing so.
3-21-2015 Intel Guru Mnt Goat …the IMF said…the IQD would come out at least equal to the value of $1.00 USD. The IMF needed a stable currency. They would not RV until it could be valued at least to $1.00. This is all they were saying. Then in being questioned by the news media in 2010, Dr Shabibi even said the dinar could sustain a value up to $16.00. Why would he say announce this to the world if he intended to come out with initial value of 1166 or 40 cents or even $1.00? The rate upon going international is going to be way over $3.00 ($3.91+).
Fact check, Shabibi NEVER, I mean NEVER stated they could sustain a $16.00 rate. As a matter of fact, just a few years ago the Ministry of Planning stated they could sustain a rate of about $1.13, that is a fact, do a search on this site for Ministry of Planning and read the article for yourself.
3-21-2015 RUMOR Guru …they have begun to rollout the new rate of $3.91 to the provinces but not yet to the international arena. All the mechanisms to do so are implemented, even the banks have the new rates and are live (but you need exchange codes to conduct transactions) but until the new rates flow to the international money markets and exchanges, the money spigot is not yet opened entirely to the rest of the world. This is what we need.