Iraqi Dinar Guru opinions 4-8-15
Iraqi Dinar Guru opinions 4-8-15
4-8-2015 Newshound Guru Millionday Article quote: “Iraq’s Finance Minister Hoshyar Zebari (left) and Iraqi Central Bank’s governor Sinan Al Shabibi attend a meeting of Arab Financial Institutions yesterday in Kuwait City.” SHABIBI IS THE GOVERNOR OF CENTRAL BANK OF KUWAIT AS IT APPEARS HERE. Quote: “Iraq plans to raise $1.8bn this year by using Iraq’s Special Drawing Rights at the IMF, which would be different than an emergency loan program.” “Iraq is not bankrupt — we have plenty of assets we can use,” he said yesterday. But he also said, “We have a serious cash flow problem,” adding that Iraq’s financial squeeze was “very serious”. SO AS WE SEE THE IRAQI DECISION IS TO USE THE SDR [SPECIAL DRAWING RIGHTS]. [If Iraq is able to get major financial assistance from the IMF programs, would this now allow them to hold off the revaluation of their currency for what they may consider a more appropriate and safer time climate?] NO THIS WOULD ALLOW THEM TO MOVE FORWARD WITH DEVELOPMENT AND THE IMF TO INVEST IN THE DEVELOPMENT. [what does it mean borrow from SDR?] I THINK THAT IT MEANS TO PAIR TO THE SDR. [and pairing to the SDR would mean a rise in value of the dinar?] YES IT WOULD WITH THE CONDITION OF THE US DOLLAR AND THE FLUCTUATION OF THE US DOLLAR.
4-7-2015 Newshound Guru Breitling Guru Roger interviews Breitling cont.: [Why did you get involved in Iraq and the dinar and where are you’re going with it?] When people get into investing it’s different from person to person. What did I do? I got out of the US dollar and into the dinar. So the value of the US dollar went down and the value of the dinar went up a percentage…so I’ve already made 26% just sitting on the dinar. People may have bought at a different time or at a different price…but I’ve already won so it is NOT a debate of if it’s going to happen…it’s already happened. Some people may have just got into it and they have not seen an increase yet…
4-8-2015 Newshound Guru sczin11 IS DR. SINAN AL SHABIBI, IN LINE, PATIENTLY WAITING FOR HIS TURN? …WE STILL HAVE NO FURTHER CONFIRMATIONS… WE NEED MULTIPLE CONFIRMATIONS…SO FAR ONLY 1 ARTICLE, 1 SOURCE…COULD BE A FABRICATED SOURCE/BLOG.
4-8-2015 Intel Guru Frank26 [via FrostytheSnowman] …the CBI and GOI meet every day at 5AM to discuss the MR…and TODAY the articles finally tell you Dr. Shabibi is the Governor of the CBI! …the GOI is currently consulting with several international banks to set up Treasure Bills. (5 Billion worth). That’s all? Huh…well…unless they do something about the 1166 rate [it will be a joke].
4-8-2015 Newshound Guru Kaperoni …I haven’t seen any photographs that support that Shabibi has anything to do with the CBI any longer. last I heard he was acting as a consultant which may be possible but I wouldn’t get your hopes up.
4-8-2015 Intel Guru Frank26 The HCL was approved and passed…iTeam told us they witnessed it back in January/February. …why do you think the citizens are becoming impatient? They know what it’s going to do for them. They will have more purchasing power …retirement benefits…salaries…a portion of the land that pays them…so many factors to help them…they will finally see money coming! In a couple of weeks…a lot of activity in Iraq!
4-8-2015 Newshound Guru Adam Montana Article quote: “A member of the citizen Bloc Hassan Khalati Wednesday that the general budget entirely dependent on oil imports must be to speed up the enactment of the oil and gas law, which ensures that regulate the relationship between the center and Iraqi Kurdistan.” last week I made mention of how the HCL has been suspiciously absent in the news feed… well, not any more! The HCL is back on the table and it’s possible that we’ll see it addressed in the next Parliament session. …this looks like the beginning of a finale, but we aren’t standing in line at the bank just yet. As promising as this is, it’s STILL Iraq we’re talking about. We’re all on a “wait-and-see” status for the HCL, so let’s all…cross our fingers for some major HCL movement tomorrow or any other upcoming day (SOON!).
4-8-2015 Newshound Guru Kaperoni Article quote: “Iraq’s Finance Minister Hoshyar Zebari (left) and Iraqi Central Bank’s governor Sinan Al Shabibi attend a meeting of Arab Financial Institutions yesterday in Kuwait City.” That is an interesting article…I would guess if the picture is current…he [Shabibi] is simply attending the Arab financial conference as some kind of advisor/or consultant. We know that Ali al-Allaq has the title of CBI gov at this time. I believe the captions should probably read: Iraq’s Finance Minister Hoshyar Zebari…and (former) Iraqi Central Bank’s governor Sinan Al Shabibi attend a meeting of Arab Financial Institutions yesterday in Kuwait City.
4-7-2015 Newshound Gurus Chattels, sczin11 & OOTW Article quote: “Iraq’s Finance Minister Hoshyar Zebari (left) and Iraqi Central Bank’s governor Sinan Al Shabibi attend a meeting of Arab Financial Institutions yesterday in Kuwait City.” WHAT!? Iraqi Central Bank’s governor Sinan Al Shabibi? FOLKS…STAY GROUNDED, BUT THIS COULD BE THE REAL BREAK SINCE DEC 22, WHEN DR. SINAN AL SHABIBI WAS ACQUITTED BY JUDGE MAHMOOD. I THINK SHABS MAY BE HELPING IRAQ NEGOTIATE WITH THE IMF. sczin11 says: “I HAVE SHARED WITH ALL OF YOU, MY COMMUNITY OF FRIENDS, SINCE DEC 22, 2014, I FELT HE WAS THE KEY TO THE COMPLETION OF THE IRAQI MONETARY REFORM…IT IS CERTAINLY NOT OVER, BUT CERTAINLY SOMETHING TO SMILE ABOUT!!”
4-7-2015 Newshound Guru sczin11 WHAT YOU MUST REALIZE, RAISING THE VALUE OF THE IRAQI DINAR, AGAINST OTHER CURRENCIES, ON THE EXCHANGE MARKET, DOES NOT…SOLVE IMMEDIATE LIQUIDITY PROBLEMS… THE IMMEDIATE GRATIFICATION ON THE “RV” PROCESS IS FOR THOSE OUT THERE, LIKE US, WHO WILL EXCHANGE DINAR FOR US DOLLAR. THE IRAQI PEOPLE DO NOT HAVE THAT PRIVILEGE NOR DOES THE IRAQI GOVERNMENT… A VERY BIG MISUNDERSTANDING OF THE PROCESS…BY MANY…THE IMMEDIATE EFFECT, JUST THE OPPOSITE FOR THE IRAQI GOVERNMENT, IT WILL COST THEM, AS THEY HAVE TO BUY OUR CURRENCY BACK… CASH OUT OF THEIR POCKET… AFTER IT GOES INT’L, NORMAL TRADING, BUYING AND SELLING, BID/ASK PRICES COME INTO PLAY.
4-7-2015 Newshound Guru sczin11 THE RAISING OF THE VALUE OF THE DINAR, IS A LONGER TERM BENEFIT FOR THE CITIZENS, AS THE GOODS THEY WILL PURCHASE IN COUNTRY, SHOULD COME DOWN IN PRICE, DUE TO THE IMPROVED PURCHASING POWER BY THE IMPORTERS…FOR THE GOVERNMENT, FOREIGN INVESTORS COMING IN, SPENDING THEIR BILLIONS ON THE INFRASTRUCTURE AND TOURISM ETC…AND THE TARIFFS AND TAXES AS A RESULT, THAT WILL BRING BIG BUCKS INTO IRAQ, BUT NOT SO FAST…HENCE, THE REASON THEY HAVE BEEN LOOKING FOR, AND GETTING, SHORT TERM LOANS/CREDIT/REPRIEVES… 1, 3, AND 5 YR BONDS – 1 YEAR POSTPONEMENT TO KUWAIT, ETC.
4-7-2015 Intel Guru Frank26 Iraq needs 7 BILLION DOLLARS per month just to function as a government. That’s 7 TRILLION DINARS! You can do the math. They need to raise the value of their currency. The next 2 weeks are going to be crucial for Iraq. CBI cannot give the GOI a date…so they tell them “get off my back.” We’re doing it. What else needs to “GET IN LINE?” BONDS also need to get in line. Bonds will kiss their “futures” goodbye if they don’t see VALUE soon EVERYTHING is waiting in line.
4-7-2015 Newshound Guru Shredd this project to remove the zeros is a huge one, both in process and meaning. In my opinion, the FC [Finance Committee] is at the “go, no-go” point of the project. They are ready but need to know activating this project will not cause problems perhaps unforeseen…security is a concern, inflation, counterfeiting not sure but I suspect some are scared to make this change the dollar has kept them afloat…they need to make the change, thats for sure, they just gotta agree on timing, the CBI is pushing for it…I imagine it’s like that last moment before you get married…. you are looking in the mirror taking a last look, deep breath then go!
4-7-2015 Newshound/Intel Guru BGG [Does anyone have a take on the RV timing and Abadi’s scheduled meeting with Obama in the US on the 14th?] there are a number of factors behind Abadi’s visit to the US. Were we to fully grasp the depth of that influence we might just have a peek at a potential time frame. [So no RV April 30th?] that is an interesting date. The 50’s [notes] won’t be valid anymore.
4-7-2015 RUMOR Guru HOW LONG HAVE WE BEEN POSTING THE KURDS ARE NOT HAPPY AND THERE IS NO LIVE IMPLEMENTED, ACTIVATED AND EXECUTED HCL AGREEMENT IN PLACE. WHAT SENSE WOULD IT MAKE TO REVALUE A CURRENCY PRIOR TO THE 15TH WHICH IS THE PROJECTED DATE THAT ENDS THE 50 DINAR IQD NOTES. THE 50 NOTES BECOME WALLPAPER OFFICIALLY ON THAT DATE BASED ON PROJECTED DATES. IT MAKES NO LOGICAL SENSE TO RAISE ANY CURRENCY VALUES PRIOR TO THAT DATE THE 15TH.