Iraqi Dinar Guru opinions 4-11-15
Iraqi Dinar Guru opinions 4-11-15
4-11-2015 Newshound Guru Kaperoni …earlier this week…an article…mentioned the CBI met with the Parliamentary Finance Committee. Quote: “In turn, justified the Governor of the Central Bank, according to the statement in response to queries from members of the committee not to implement the project to delete the zeros because it Aigll of paper the size of likely benefit to export more to reduce the number of categories in advance…” it is huge news…it is a quote direct from Ali al-Allaq’s mouth…Ali al-Allaq is the CBI gov…it does not get any better. here is the correct translation…”From his side the governor of the central bank explained to the members of the monetary committee why the central bank is not implementing the deletion of zeros right now because it does not lessen the quantity of banknotes preferring the larger banknotes to reduce the number!” …it is just great news! …we know they want to reduce the physical note count from 4 billion to 1 billion and Allaq says he is not doing the deletion of zeros because that does not reduce the count. Only a lop reduces the value, but not the count…so he is saying clearly…we are not going to LOP…because that does not reduce the note count. that is rock solid proof that the dinar will not LOP because it is direct from Allaq’s lips.
4-11-2015 Newshound Guru Kaperoni now part 2 of that sentence…they want to use large banknotes to reduce the number…that is also confusing…they are not going to use large banknotes and there is a new campaign starting talking about 50,000 dinar or 100,000 dinar…not happening! How do I know this? because introducing larger notes does not reduce the note count either…in fact it creates more! so what does Allaq mean? he means they will use notes with higher value to reduce the note count…in other words…lower denominations with a higher exchange rate…that is the only way to reduce the note count. in fact I can also prove this…back in 2012 the CBI told the Currency book that they were going to release a 50,000 dinar note (but marked at a 50)… So the CBI is going to raise the value, introduce new lower denominations with “higher value” and that will allow them to reduce the paper notes from 4 billion to 1 billion. …I have direct information from an economist in Iraq supporting this.
4-11-2015 Newshound Guru Kaperoni the appreciation will be gradual…that is the only way they collect those notes and retire them [But still a float?] absolutely…that is what will happen…as the value raises, the notes are retired and new smaller notes with that additional purchasing power come out…in the end, Iraq has a 1, 5, 10, 20, 50, 100 equal to the dollar. [is 1166 the start rate or do you think it will go international at different rate?] it will start there but it wont stay long. they could never afford a RV not even at a .10. it has to be gradual or the money supply in the trillions would bankrupt them. if iraq creates the right environment, laws, stability, etc. the dinar is undervalued and should rise fast! forget about $3 never happening…the goal is 1 to $1. I believe it will happen over a 1-2 years…we may see .10 by end of year…if were lucky and .50 by end of 2016.
4-11-2015 Newshound Guru Millionday THE INPUT FROM OIL PRODUCING WILL HAVE MORE IMPACT IT SEEMS. THERE ARE SOME CHANGES COMING WITH OIL AGREEMENTS AND THIS MAY BE WHY SO MUCH TIME IS BEING TAKEN WITH AGREEMENTS IN IRAQ OTHER THAN FINANCIAL AS WELL. THIS WILL BE A HISTORIC CHANGE… I DONT EXPECT NOR SHOULD YOU THAT OPEC IS GONE ETC — BUT SOME CHANGES SEEM TO BE COMING.
4-11-2015 Newshound/Intel Guru BGG I will pass along some info I got…from a legit translator… It may well be that Alak was not talking about “larger notes” in front of the Finance Committee. it is possible (and I leave room for possible) he was saying “larger valued notes”… in other words… the 1, 5, 10 and raising the exchange rate in conjunction with this action… – which would effect the “paper” – or note count… [LARGER AND LARGER VALUED ARE TWO VERY DIFFERENT MEANINGS.] going the other direction – in his own words “would not reduce the paper” – or note count… So – very good news and falls right in line with the reasoning for them taking the 50 Dinar note out of circulation. I can easily see why they did it now… a 50 doesn’t conflict with a 500 – that is absurd… but to an Iraqi – the 50 and the 5 are trouble. plus – if they are going to wind up “equal to the dollar” – they don’t really need a 50. [ARE YOU SUGGESTING THE VALUE WILL BE EQUAL TO THE DOLLAR?] I am not – according to various reports – they have suggested as much.
4-11-2015 Intel/Newshound Guru tman23 Abadi’s schedule says he will be in the US 4/14…Tuesday (4/14) is the day the CoM meets…So evidently there are no pressing items on the agenda. The biggest unanswered question is…Who will be the traveling companions of Abadi to the US? And as soon as Abadi returns to Iraq will we be seeing the Kurd delegation heading to Baghdad? (like flash gordon IMO)…To receive prepayment on oil means collateral required. Prepay for oil! Not on your WORD and SECURITY capabilities, which I might add have past history showing to be subpar (putting it lightly)! IMO this visit to the USA is the “closing” with all signatures required. The protection of “PTB” interests in Iraq giving rights to protect those assets…IMO…The chicken or the egg? Iraq asset protection before Iran agreement.
4-10-2015 KING of RUMORS Guru Information from all directions are super-positive… On the television, they are saying that ‘phase four’ is to be concluded in the next couple of days. We heard the cards are all being adjusted to the new rates… and banks authorized to exchange starting at a certain time today …tells us we are closer than ever.
4-10-2015 RUMOR Guru There are so many things going on Iraqi television; some are saying “economic reform is completed in the next few day” and some “in the next DAY”, and that Iraq will be the wealthiest country in the region. “The economic reform will conclude in a major economic rebirith for Iraq in the next come days” meaning three days or less. My understanding is that Abadi and Shabibi are coming to the US for the 13 – 14th, or maybe even later next week. The banks are prepped and ready to go, they have been trained and…Every person is either in place or on call… Bottom line is that we expect this to happen before the 15th.
4-10-2015 Newshound Guru Breitling There are two ways Iraq can do this… they can retire all their notes at one shot…them getting rid of the 50 dinar notes instead of all the other notes is an indicator of what they’re thinking…they are going to get rid of one note at a time and retire them as they start gaining value…there is no reason to have the 50 dinar note at this point so they got rid of it to reduce the note count
4-10-2015 Newshound Guru Breitling …Iraq is NOT exchanging their notes for US dollars or “cashing in”…it’s an exchange. There’s a value on the dinar and there is a value on the US dollar and they just do an exchange and that’s it. It’s that simple. There’s still a lot of people thinking where is Iraq going to get all this money to cash in? We don’t need Iraq to have dollars to be able to “cash in”. It’s an exchange. People don’t understand that concept. It’s value per value.
4-10-2015 RUMOR Guru Mnt Goat So where do we now stand on the revaluation?
In my opinion if they could revalued the entire countries currency all at once they would have done so already and be done with it. But do to ISIS held control of some of the regions this was not possible…So now what is the plan going forward? Will they find a way to offset the increase in USD against the IQD? The news is telling us they have a solution and it will be implemented prior to the end of April. So my interpretation is this – we can expect to see the resuming of the project to delete the zeroes prior to or at the end of April. This is all I can say and we must wait and see what happens between now and then. They will most definitely tell us in the upcoming news what they plan to do.
4-10-2015 Intel Guru Delta We saw the amazing article from the governor of the CBI who said “we got the green-light” and most people thought in 3-4 days we would see something but nothing happened. So we re-read the article…the governor of the CBI told us exactly what they needed to do before they could pull the trigger. Prior to that…they said they had something to do. They are trying to train the employees about the new models and the new currencies. They want to make sure that everything is under control – (money laundering, e-banking, Qi-Cards, Visa cards)…We all know they have the lower denominations and they have trained everybody to do that. Again there is a lot of pressure on the CBI to pull the trigger.
4-10-2015 Newshound Guru Kaperoni Article quote: “Tomorrow press Baghdad: parliamentary Finance Committee, revealed Friday that it was seeking to restructure the Rafidain and Rasheed Bank and transferred to the private sector to improve and develop them.” I believe this is huge for us. If they are going to make these private banks and sell stock on the ISX we are getting close to the restructuring of the dinar as well.