Iraqi Dinar Guru opinions 4-12-15
Iraqi Dinar Guru opinions 4-12-15
4-12-2015 Newshound Guru Mailman17 I HAVE STAYED SILENT FOR QUITE AWHILE NOW WAITING FOR THE CBI TO SHOW ME THE PROOF I NEED TO EITHER ACCEPT OR DENY THE SUPPOSED CxxP ARTICLES CONCERNING THE REMOVAL OF THE 50 DINAR NOTE AND ALSO THE NEWER NOTES OF 50 AND A HUNDRED THOUSAND. LOOK AT THE FACTS FOLKS. WE HAVE SEEN ARTICLES SAYING THE 50 NOTE WILL BE RETIRED AND A NEW 50 WILL REPLACE IT AND THE PEOPLE OF IRAQ HAVE TILL THE 30TH OF APRIL. WE ALREADY KNOW THEY HAVE NEAR ZERO DINAR INSIDE IRAQ, WHETHER IN THE PEOPLES HANDS OR BANKS FOR THAT MATTER LET ALONE THE KURDS BEING PAID IN USD. HAS ANYONE SEEN A PICTURE OF A NEW 50 DINAR NOTE? NO YOU HAVE NOT BECAUSE ITS RELEASE WILL COINCIDE WITH ALL THE OTHER SMALLS INTENDED. THEY HAVE PUT OUT A BxxxCxxP ARTICLE TO SCARE THE PEOPLE TO TURN IN THEIR LOWER DENOMS… INCLUDING THE FIFTY AND MOST LIKELY THE 250 AND 500. THE SECURITY FEATURES ON THESE 3 NOTES ARE THE SAME…PERIOD. THE 50 HAS NOTHING LESS THAN THE 250 OR THE 500.
4-12-2015 Newshound Guru Mailman17 AS PER SHABS THESE NOTES ALONG WITH THE LARGER WILL COINCIDE WITH THE NEW NOTES FOR A BRIEF PERIOD, MOST LIKELY 2 YEARS. THERE IS NO NEW 50 DINAR NOTE IN CIRCULATION…CHECK THE CBI. IF IT WAS BEING USED TO REPLACE THE OLD IT WOULD BE LISTED AS A USABLE CURRENCY…IT IS NOT. IN THE END WE KNEW THE BS WOULD BE HEAVY. BE CAREFUL WHAT YOU READ AND DO YOUR OWN THINKING. IRAQ WAS MEANT TO SUCCEED AND THE WORLD WILL RIDE ITS COAT-TAIL. THAT HAS AND ALWAYS WAS THE PLAN FROM DAY ONE. NOTE COUNT? I CAN SEE IT…BUT ONLY NOTE COUNT INSIDE IRAQ…NOT OUTSIDE. WE HAVE AND ALWAYS WERE ACCOUNTED FOR. PLEASE BEWARE OF BOGUS ARTICLES, ESPECIALLY THOSE PUT OUT BY SOMEONE WHO ABSOLUTELY HAS NO SAY SO…MPS ETC.
4-12-2015 Newshound Guru Mailman17 IS SHABS IN OR OUT? WHO CARES. IF HE WAS IN HE WOULD HAVE BEEN REINSTATED. HE MAY BE A CONSULTANT. ANYTHING THIS BIG WOULD BE IN THE NEWS…NOT RUMORS. AND THERE WILL BE NO FLOAT FROM 1166 AND INCREASE THE VALUE AS NOTES ARE TAKEN AWAY. THAT IS THE STUPIDEST THEORY I HAVE EVER HEARD. TALK ABOUT CREATING SPECULATION, WHICH IRAQ DOES NOT WANT. THEY WILL COME OUT ON PAR AS PLANNED, STAY STABLE AND LET THE PEOPLE GET ADJUSTED AND THEN GO TO A MANAGED FLOAT…AS PLANNED…JMO.
4-12-2015 Newshound Guru Kaperoni “Najib added that “the project to delete the zeros from the currency will not apply because the economic environment is favorable for the success of this project, despite being one of the objectives of the Central Bank.” Najib is saying we are not deleting the zeros from the currency… because the economic conditions are favorable..in other words they are raising the value and not going to LOP.
4-12-2015 Newshound Guru Millionday FIRST LET ME SAY…THE RATE IS AT 1166 TO I US DOLLAR — SO ANY USE OF SMALL DENOMS WOULD MAKE NO SENSE…THE USE OF 50 AND 100 HAS TO IMPACT THE PRICE INDEX OF IRAQ… Article quote: “the central bank governor and the problem is studying the matter and study the safe aspects and compared with other currencies in preparation for the start of release,” pointing out that “there is a procedure to remove three zeroes as…” SO THE BEGINNING OF THE REMOVAL OF THE THREE ZEROS IS TO BEGIN — AS IN GREEN LIGHT…THIS IS ANNOUNCED TO BE THE BEGINNING… [is this just in country…] THE INTERNATIONAL RATES ARE A RESULT OF REDENOMINATION IN IRAQ — AS IT WOULD BE FOR OUR COUNTRY — IT IS A RESULT THAT WE WANT TO SEE NOW. VERY EXCITING TO SEE THE BEGINNING OF THE PROCESS. IT GIVES NO TIME JUST THAT THEY ARE FORMING AN ECONOMIC COMMITTEE TO BEGIN.
4-12-2015 Newshound Guru Millionday [is there a chance that they will say “turn in your 25k note for a 100 iraqi coin with a stronger buying power”… similar to the way they did with the 50 note?] IN COUNTRY THAT COULD HAPPEN BUT IN OTHER COUNTRIES YOU WOULD EXCHANGE FOR THE CURRENCY YOU NEED IN THAT COUNTRY. [so basically the 50 dinar delete the zeros that started March 3rd got official in regards to the green light?] THEY SEEM TO BE ALWAYS LATE IN REPORTS SO HOW FAR THEY ARE…WE HAVE NO WAY OF KNOWING…
4-12-2015 Intel/Newshound Guru American Contractor The Central Bank of Iraq (CBI) realizes that they have a major problem with the exchange rate of the Iraqi Dinar. The CBI has filed a lawsuit against the Parliament Economic Committee to lift the currency auctions restrictions of only $75 million per auction day. There has been no published date scheduled for the hearing in the Iraqi court system. Meanwhile, the Central Bank has limited the dollar currency auctions to two times per month, trying to limit the US dollars in circulation. The current market rate for one US Dollar is 1340 Iraqi dinar. The market rate for the Iraqi Dinar has not been this high in several years. The Central Bank will be increasing the number of exchange companies inside Iraq and will be utilizing both state banks to assist in distributing the hard currency US dollars to Iraqi citizens.
4-12-2015 Intel/Newshound Guru American Contractor The State banks Rafidain and Rasheed will be distributing the hard currency to other banking facilities and currency exchange centers. The new procedure is going to be the workaround for the CBI restriction of the $75 million dollars. Instead of the Central Bank conducting the auctions it will allow other banking facilities and currency exchange centers to distribute the US dollar at a pre-arranged rate. The CBI is trying its best to control the value of the Iraqi dinar and increase the value. Limiting the US dollars in the market have had a negative impact on the value of the Iraqi dinar. The Central Bank is increasing the amount of banks and currency exchange centers inside Iraq. I would look for additional printing of higher value banknotes like the 50k and 100k in the future.
4-12-2015 Intel/Newshound Guru Backdoc I LOVE THIS CALL TO ACTIVATE THE HUNDREDS OF LAWS IN WAITING, INCLUDING THE REMAINING PARTS OF THE HCL! EVERYTHING IS WAITING TO ACTIVATE JUST LIKE THEY TOLD US WEEKS AGO, IN “ONE BASKET”! WITH DIGITAL DINAR BEGINNING TO FIND ITS WAY OUT OF THE BUDGET AND INTO ITS’ PROPER HANDS, THE SMALLS READY TO ROLL, DAMAGED CURRENCY BEING COLLECTED AND DIGITALLY DEPOSITED, ITS CLEAR TO SEE THE FINAL PREPARATIONS ARE BEING MADE INSIDE THE CBI FOR A LAUNCH POINT! WHAT A NICE SPOT TO BE IN.
4-11-2015 Newshound Guru FrostyTheSnowman [new guru] Humm …could history repeat itself (minus Saddam) and cater to an INSTANT level of understanding for the Iraqi people? What I mean is…could the CBI release coins / / shapes / sizes that Iraqi people are/were already familiar with …except this time with more “VALUE?” After all…if the CBI releases ANY coin that DOES NOT have MORE purchasing power or VALUE than what the coin is worth melted down …well then the citizens will just melt them down again like they did before. So IMO if they don’t have more INSTANT VALUE and possibly INSTANT RECOGNITION…WHAT’S THE POINT?
4-11-2015 Newshound Guru Aggiedad77 [Since April 30 is the date, does that mean we are waiting for the ri/rv till May or later and not this mid month (April) as some had thought possible (mid month being when other revaluations took place)?] No IMO…I believe the stated windows for April remains valid…and yet another opinion…we remain in a day to day time frame…things in Iraq are happening much more quickly than we have ever seen…not sure about PM Abadi’s upcoming trip…and how it will play on things…but watchful as ever.
4-11-2015 Newshound Guru Breitling [I heard you say the CBI will be retiring the notes in stages…I have different note categories 25K, 10K, 500 for most of them I have no receipt and no certificate…can I exchange them if I don’t have receipt or certificate?] Absolutely you can! There is no law that says you can’t…This is a countries currency. The dinar IS international….I bought mine from Chase Bank. The biggest misconceptions is that you need a receipt to exchange your currency. NO YOU DO NOT.
4-11-2015 Intel/Newshound Guru Backdoc Article quote: “MP from the Parliamentary Finance Committee, said Haitham al-Jubouri, the committee proposed the issuance of large cash categories to control inflation and to preserve the value of the dinar against the dollar, as he emphasized that the central bank is now working to develop a thorough study on the introduction of new categories.” GET READY FOR A FLOOD OF LOWER DENOMS! AND IT LOOKS LIKE THE DIGITAL DINAR IS STARTING TO FLOW OUT TO THOSE SALARIES. THE NICE THING IS THE RATE ON THOSE CARDS WILL CHANGE INSTANTLY WHEN THE RATE CHANGES! THEY NEED TO DE-DOLLARIZE WHEN THOSE LOWER DENOMS FLOOD THE MARKET! WHAT WILL MOTIVATE THEM TO GIVE UP THOSE DOLLARS? A CURRENCY WITH VALUE HIGHER THAN A BUCK!! REMEMBER? DONOR CURRENCY!! IF WE SEE A FREE FLOAT IT WILL SOAR LIKE AN EAGLE!