Iraqi Dinar Guru opinions 3-24-15
Iraqi Dinar Guru opinions 3-24-15
3-24-2015 Intel Guru Frank26 Everything is going in the direction to add value to the IQD. They cleaned-off the 1166 rate on the spreadsheet and we were excited! [Guru] Delta told us to pay attention to the Bank of Baghdad who was making some amazing announcements. The Bank of Baghdad is literally telling the international world and the citizens of Iraq that we are going to take good care of you…we’ve got some good services for you…some good products for you, etc. All of that ain’t true. There’s no liquidity. Yes they have a new technology system but none of it is realistic until they comply with Article 8 and raise the value of their currency!
3-24-2015 Intel Guru Frank26 The Finance Committee said that the IQD is collapsing…if this country [Iraq] does not comply with Article 8 very soon it will collapse! Abadi basically said [in Germany] that “I want the RI/RV but we need to see peace and security in our neighborhoods first.” Abadi wants Article 8 compliance! …there may be no RI/RV until ISIS is secured and we see security. The international community got the message. Security is taking charge! ISIS is being choked. We are much farther along than most people think! Meanwhile the IMF praises the steps that Iraq is taking.
3-24-2015 Intel Guru Frank26 Today the GOI and CBI work together…the governor of the CBI (whoever that is) and Abadi got together and Abadi tells him maybe I should be in control of the IQD mechanism. I’ve never seen the PM and the governor of the CBI discuss these facts and add value to their currency and talk about the mechanism to do it. …the governor of CBI in my strong opinion is Dr. Shabbi. The head of the CBI and the GOI met together. They need to be Article 8 compliant. They need to add value to their currency! If you take everything I’m saying right now and literally put it all across a piece of paper you will see an evolution a growth pattern leading to adding value of the IQD and Article 8 compliance! We now have 2 leaders working on the mechanism to lift the zeros! It doesn’t get any better than that!
3-24-2015 Newshound Guru sczin11 YOU MUST CRAWL BEFORE YOU CAN RUN…(TO THE BANK)…WE ARE SEEING STEPS IN A METICULOUSLY PLANNED OUT PROCESS…FOR 2 MONTHS NOW, MR [MONETARY REFORM] HAS BEEN IN PROCESS… JUST BY THE RELEASES WE HAVE SEEN, THAT IS OBVIOUS…WE DON’T KNOW THE LAST STEP, WE DON’T KNOW WHEN, BUT WE MUST BE ENCOURAGED…Quote: “Mr. Prime Minister, Dr. Haider al-Abadi, received in his office on Monday, the governor of the Central Bank on the Keywords. During the meeting, they discussed the work of the central bank’s strategy for the coming period and the control of the Iraqi dinar exchange rate against foreign currencies” WHEN HAVE WE EVER SEEN A MEETING IN THE PM’S OFFICE WITH THE CBI GOVERNOR, DISCUSSING EXCHANGE RATES?
3-24-2015 Newshound Guru Millionday [Do you think they are working behind the scenes and are farther long then we think?] YES — I THINK THAT BY THE TIME THE NEWS HAS BEEN IN SOME INSTANCES — APPROVED– IT IS A COUPLE DAYS LATE AND WE HAVE SEEN THAT AS WELL — ALSO…FOR SECURITY PURPOSES — I WOULD SAY THAT MANY ARE LATE IN REPORTING AS FAR AS MILITARY ACTION AND MOVEMENT OF PEOPLE AS WE HAVE SEEN IN THE PAST. ALSO — WE HAVE SEEN LAWS GO TO PARLIAMENT AND NO COMMENT FOR A WHILE AND THEN THE ACTION OF THAT LAW IN THE NEWS.
3-24-2015 Intel Guru TD After a long drought of no information from my Kurdish friend I reached out to check on the rumors that an “RV rollout had begun “. Of course as usual treat ALL you hear or read as rumor and please due your own diligence. He humored me by calling a few contacts in different provinces of Iraq and no one including bankers know of any such claims. …he indicated that Abadi’s government is complying with terms reached with the Kurdistan region including timely payments. The major push this spring/summer against ISIS remains the main and only focus of action and other social, economic and monetary reform programs are being worked through but simply on a planning and development basis with implementation on most to be further evaluated and implemented later this year as conditions on the ground warrant any rollout. Right now and near term addressing the security and stability situation of the country is priority ONE. Don’t expect much else for months to come.
3-24-2015 Newshound Guru sczin11 WHAT MANY DO NOT UNDERSTAND, IS THAT THE RAISING OF THE VALUE OF THE DINAR, AGAINST INTERNATIONAL CURRENCIES, THE PAIRING IF YOU WILL, HAS LITTLE DIRECT EFFECT ON THE IN COUNTRY CITIZENS…FOR EXCHANGE PURPOSES…THE CITIZENS WILL REAP THE BENEFITS, WHEN THE COSTS OF THEIR GOODS PURCHASED ARE REDUCED, AS A RESULT OF LARGER PURCHASING POWER BY THE IMPORTERS…
3-24-2015 Newshound Guru Kaperoni Article quote: “The head of the House of Representatives has called for a conference with friendly countries to get Iraq out of its economic crisis” …these economic conferences are a waste of time and money. Until Iraq passes the laws for economic and banking support, the market economy is stalled. Rather than hold these conferences asking everyone to help, turn to parliament and find a way to get the job done.
3-23-2015 Newshound Guru Millionday [do you see Iraq waiting on other Global economic moves and strategy before they RV or are they simply on their own timeline acting independently?] I THINK THAT THIS WILL HAVE A GLOBAL IMPACT DUE TO THE MARKET ECONOMY THAT IS THEIR GOAL ALONG WITH THE WTO THAT MANY COUNTRIES ARE A PART OF — THE EMERGING ECONOMIES MUST HAVE AN IMPACT OR THEY NEED TO GO BACK TO THE DRAWING BOARD BUT — THIS ONE HAS BEEN ANNOUNCED TO BE AN EVENT THAT WILL IMPACT THE GLOBE AND THERE ARE MANY REFERENCES TO AGREEMENTS IN TRADE AND ALSO THE ISX HAS BEEN HOOKED TO NASDAQ SO THE AVOIDANCE OF AN IMPACT CANT BE DONE — SO I THINK AN IMPACT NOT A RELIANCE.
3-23-2015 Newshound Guru Kaperoni The bottom line is Allaq has his hands tied right now…until the GOI gets parliament to set the stage (pass the laws of economic and banking) for investment and investors, the CBI cannot float the dinar. They work hand in hand to drive the exchange rate up..and so we wait. This is not new, we have been saying this for a very long time. Article quote: “Mr. Prime Minister, Dr. Haider al-Abadi, received in his office on Monday, Governor of the Central Bank, Mr. Ali relationship. During the meeting, they discussed the work of the central bank’s strategy for the coming period and the control of the Iraqi dinar exchange rate against foreign currencies.” I was thinking about this…usually when there are meetings like this a few more players are involved. One on one with the PM is probably very sensitive in nature…which IMO is a good sign. We may be close.
3-23-2015 RUMOR Guru TerryK HEARING A LOT OF GOOD STUFF…BRACE YOURSELF…IM GETTING INFO DUE TO PARLIAMENT NOT MEETING TOMORROW AND COMING BACK SATURDAY THIS MAY PUSH OUT…THEY ALWAYS SAY SATURDAY NIGHT FOR THEM TO CLICK AND WITH SUNDAY BANKING DAY IN IRAQ MAKES SENSE. IM THINKING NO LATER THAN THIS WEEKEND BASED ON THE PARTY BOYS NOT COMING BACK UNTIL SATURDAY. 1.09 DONG…WHAT IM HEARING.
3-23-2015 Intel/Newshound Guru tman23 …I am looking to see what takes place before April 2…because it starts a new quarter…and I do not believe they will RV in the middle of a quarter…They have said as much in past articles (lift the zeros).
3-23-2015 TOTAL RUMOR Guru On Saturday there was an article saying Dr. Abadi will activate the private sector on Tuesday. On Sunday, there were announcements in the mosques explaining how their cards would operate in Iraq and overseas. ON Thursday, there were letters saying their cards would be activated at $3.91 on Monday, and that didn’t happen so far today. People we talked to today in Iraq said they are expecting this any moment, and on television they showed the celebrations all weekend. They also said that tomorrow they will briefed on new rates of Iraq to dollars. We are in a good place so far as Iraq is concerned. So senior people are sequestered, and everyone else is being called in including security. Everyone is excited and on their toes because they are anticipating this happening today, tomorrow… this is right now, and the information can change in an hour. It changed five times yesterday! But we are ready to go right now.
3-23-2015 RUMOR Guru Bottom line, it’s phenomenally good…it should have happened this weekend. But they didn’t send everyone home, they just pushed it back 24-36 hours. Everyone is still in place…. everyone is on the highest of high alerts because this is getting done. Iraq continues prep work, and it’s been public in the mosques. They have said there will be re-instatement or revaluation of their currency in the next day or two, and some have said Tuesday in the mosques. The rest of the cards were supposed to be activated for the general public at $3.91 by today; that has not happened. The rates are the same as we talked about last week. There have been announcements from the finance ministry and Dr. Abadi’s office that private sector will be activated on Tuesday.
3-23-2015 Newshound Guru Shredd I agree Saleh is on board for what is obvious to be Abadi’s plan to economically move Iraq forward…it’s crystal clear there must be solid protections for investor money before investment can come into iraq. the concerns around security will continue but that must be mitigated with assurances that investors aren’t going to lose their butts. all the news we’ve seen over the last few months is pointing to that… investment insurance, fx protections, account balance protection and high returns will give comfort to investors risking their principal cash…this all plays into the “internationally accepted/recognized dinar”…