Iraqi Dinar Guru opinions 4-21-15
Iraqi Dinar Guru opinions 4-21-15
4-21-2015 Intel Guru Frank26 It is EXTREMELY important that we pay attention ONLY to the governor of the CBI! Do your best to understand everything that the governor of the CBI is doing. It doesn’t matter if you call “him” Turki…Ali or whatever name they want to call him…we all know that Dr. Shabibi is the governor of the CBI. Period. End of story. The two people that mean the world to us in the MR [Monetary Reform] is Dr. Shabibi and Dr. Abadi. The CBI has all the money they need and the green-light. the GOI is broke…now what? Abadi told them that they…already told our citizens and they are “expecting” something. Something [bad] is expected to happen in the next 2 days (or so) that will shock most people. [Don’t let it rock you!] We all know that the IMF gave the CBI the green light and they haven’t moved forward with it yet. IMF said they would help Iraq and said they were proud of Iraq but since Iraq hasn’t raised their value yet they won’t help them anymore. The debt that Iraq has racked up will disappear once they raise the value of their currency. The IMF has told them what to do.
4-21-2015 Intel Guru Frank26 The line is so long of everyone [and everything] waiting. Those in line …IMF…WorldBank…budget…ISX…wages and salaries… QiCards…USA…US Treasury…BIS…private sector…citizens and even Abadi is in line to run his GOI. Abadi is running out of time because if this goes into Ramadan that will be self-inflicted suicide for Iraq…you will never see anything during Ramadan or EID…Ramadan starts in June. If Iraq doesn’t do something soon…the citizens could start an uproar and could result in war. Iraq needs to do two simple things: #1- Pass the tariff laws! #2- Lift the 3 zeros! Before Ramadan…that’s it says the IMF…if you give us Article 8 compliance you can have all the loans you want. As you know…there is no liquidity in Iraq and that is the key! There is no money.
4-21-2015 Intel Guru Frank26 The bonds (at 1166) are not working. They are not really tradeable for the world at the 1166 rate. Not internationally tradable. Dr. Shabibi everyone is waiting…the IMF…the WorldBank…everyone is in line waiting for you! The market economy needs the lifting of the 3 zeros and Dr. Shabibi knows it. Do you understand how close we are? Only the CBI can give you Article 8 compliance and the only thing left is to lift the 3 zeros! The laws…especially the mother of all laws…the HCL…investment…tariff…is all in the budget. All they need is Article 8 compliance and they can lift the 3 zeros and it’s done! IMO – Dr. Shabibi is probably not ready to lift the 3 zeros because of security. You and me and everyone who has dinars is waiting in a long-line. It is coming. I promise you. The lava flow cannot be stopped…
4-21-2015 Newshound Guru Millionday Article quote: “Parliamentary Finance Committee demanded, on Monday, the Iraqi government to implement the smart card system in the pay of state employees…” THE PARLIAMENT THAT HAS BEEN IN A CLOSED DOOR MEETING FOR TWO DAYS — IS DEMANDING THAT THE SALARIES OF ALL STATE EMPLOYEES BE PLACED ON A — SMART CARD –(ATM)…THIS IS AN EXECUTIVE ISSUE AND SUPPORTED — NO CHOICE. I HAVE NO IDEA WHY THEY WOULD BE ABLE TO DO THIS WITHOUT —UMMMMMM AN EXCHANGABLE RATE…THE SMART CARD IS A GLOBAL CARD — HOW WOULD THIS WORK IF THEY COULD NOT LEAVE THE COUNTRY? HMMMM. NOW LOOK AT THAT — “can each employee receiving his salary within the geographical area that houses them,” — THAT MEANS WHEREVER THEY ARE IT WILL WORK? WHOOOPOW THIS IS HUGE.
4-21-2015 Newshound Guru Millionday [perhaps initial rollout is smart card in country only?] …THIS REPORT HAS STATED THAT IT HAS BEEN TESTED WITH THE MILITARY PAY AND THIS IS CLEAR IN SAYING THAT IT CAN BE SENT TO WHEREVER THEY ARE…WE KNOW THE DISPLACED ARE OUT AND IN OF THE COUNTRY THAT ARE IRAQI. [the global card you mentioned is the same card as the international smart card we are waiting for, and will bring our RV?] OR THE SMART CARD (MODERN AND SOPHISTICATED) IS A GLOBAL CARD PER WHAT I HAVE READ EVERYWHERE TO DO WITH THE REFORMS. [To my knowledge, swiping “that” card is one of the vehicles that will open the budget is that true?] IF THEY SWIPE THE CARD — THIS WOULD BE TO PULL FROM AN ACCOUNT FOR BENEFITS THAT WERE BUDGETED FOR –GOOD POINT.
4-21-2015 Newshound Guru wmawhite [Do you think it will happen around the 1st when the 50s are finished?] This is not date driven, instead, it is event drive. However, IMO this event may coincide with certains dates. But, IMO it is just as likely to happen on a 3rd, or a 14th or 22th of a month. So is there something significant about the 30th…Yes, IMO the door gets kicked wide open. Could it happen prior to the 30th… it sure can for other reasons….bottom line is this:..if Iraq wanted to continue for ever to use to USD they could and they would not ever have to change a thing because the world is already using the USD and Iraq has used it for the last 15 years. So why are they spending so much time educating their citizens about new currencies? Because they are very close to replacing the USD with new IQD and nobody will use it unless it is of greater value….how do I know this? Because they (CBI, GOI, Parliament) has told us this very information I just typed. Oh yes,…if Iraq was “holding off” why have they done all of what they have done up to today…why go to Davos and Berlin, and Washington D.C. to tell the world what?…we are holding off? What? How silly. Of course, IMO.
4-21-2015 Newshound/Intel Guru BGG [How come the CBI still shows daily auctions?] because they are having daily currency auctions. [I thought they stopped?] They did – based on urging from Parliament… however, I suspect, for the short term – they were “instructed” to restart them (likely at the behest of Dr Shabibi)… as the primary short term tool for stabilizing the exchange rate…that has traditionally been Shabibi’s stance – which is why – once he made his recent appearance they went back to something of an “auction environment”.
4-21-2015 Intel/Newshound Guru Poppy3 CALL FROM THE STREETS OF BAGDAD SAYING THE PEOPLE ARE VERY HAPPY AND HAVE BEEN TOLD THEIR CARDS WILL SOON BE USABLE AND THEY WILL HAVE MONEY AVAILABLE IN THE NEXT FEW SAYS AND MOST THINK THIS WILL HAPPEN IN THE NEXT WEEK. SOUNDS VERY PROMISING. WHILE WE HAVE HEARD THIS INFO BEFORE I COULD HEAR TRUE EXCITEMENT IN THE VOICE.
4-20-2015 Intel/Newshound Guru tman23 Those who may recall my explanation of the function of the ESF (exchange stabilization fund) inside the UST…they are the architects that make economies work regarding exchange rates…Jack Lew commenting on exchange rates and warning countries of manipulating their currencies… Point being…Iraq meets IMF in Jordan… 2 weeks later Iraq meets IMF in Kuwait with the appearance of Shabibi… Week later Iraq meets with IMF in Washington and meetings take place with the UST… Present in Photo… Abadi/Zebari/Alak (equivalent to our Obama/Lew /Yellen) …This was not about 5 billion in BONDS as a loan…And certainly not about F16 airplanes!! (and making payments)… And you don’t sit at the table in these meetings unless you have a HCL that companies can work under AND a HCL that gives you the right to claim all oil belongs to Iraq thus giving you the right to make a deal using it as collateral.
4-20-2015 KING of RUMORS Guru Friday…we heard…that the Iraqi banks were open and doing early exchanges… Iraqis were excited because their banks had never been open on the holy day. Many people went to the bank and people got their lower denominations and fils and everyone was excited. They were hearing the process had started and we were told it was actually going through this time. On Sunday, PM Abadi told everyone about his trip, what happened, the money he got for the loans for the budget, and assistance to complete the economic reforms, including 25 million dollar deficit in their budget do to reduction in oil prices and the problems with ISIL. On the US television, they showed Abadi announcing that this week is the end of the economic strategy. He was saying that this would end in the coming days – but we have been hearing this for three months now! Now that Abadi has said this, though, it should be in the next couple of days. Our sources in Iraq have told us that riots are scheduled for this week if it doesn’t happen… It’s all great news; we are in a great place, more public than ever. We are so close to this. It’s being processed…they are doing more and more things in public that will make it happen, so we are closer and closer to the RV…they are expecting this today.
4-20-2015 RUMOR Guru FACT: Dr Sinan Al-Shabibi tried to RV only one time and it was back in 2012 and was abruptly stopped by Maliki. FACT: Weeks ago Shabibi was asked to return to Iraq and the CBI. FACT: Only 11 days ago (and once again this weekend) we read articles where Shabibi being referenced as head of the CBI. I don’t believe they will ever make a formal announcement since legally Shabibi was never formally/legally stripped of his position as the governor of the CBI. So technically and legally he never left the position. FACT: Shabibi refused to come back to Iraq unless he could be provided full security for his personal protection.. This was provided in the deal for him to return. He is not physically back in Iraq, his country. FACT: The 2014 budget law limits the currency auctions to only a small percentage of former amounts. Why did they do this? FACT: Iraq does not need the currency auctions to raise this capital for the cash flow (liquidity) issue they keep complaining about. What they need to do is to RV their currency and go international.
4-20-2015 RUMOR Guru Even in the last interview with the finance minister of Iraq and Shabibi (with the IMF), it was said that in fact Iraq has ample resources and is by no means bankrupt. They were preparing the public to hear a refusal by the IMF on their request for some 700 million in funds. As investors, we of course do not want the IMF to loan them the money. This will only delay Iraq from the RV that much longer. Now having said all this what comes next? Since Shabibi made a deal with the head of the finance minister of Iraq for coming back and the deal contained these conditions: 1) his personal safety, 2) a free hand to manage the reserves, 3) a free hand to do what he needs to do to protect and stabilize the value of the Iraqi dinar, (if it means the RV than he will go forward) 4) no more interference from the GOI. So now knowing all this. What do you think Dr Sinan Al-Shabibi is planning to do next?
4-20-2015 RUMOR Guru In Iraq, everything is looking very good, with everything promised to happen very quickly… IN the US, everyone is ready, too. …remember that last week Abadi and his team were at the White House, State Dept, and IMF and all those meetings were very successful. Those meetings secured financial and military help, with a few meetings about the RI/RV. A lot of merchants changed their currency to the lower denominations, including fils. Most of those coins are barely worth scrap metal, pre-RV, so why would they pass them out…the only way for that to make sense is in terms of an RV. There has been training, again on a Friday and Saturday, on the use of the lower notes and coins, for retailers. Abadi did talk to many folks on Saturday, and said the monetary reform will come in the next few days, and this was repeated in the different papers and from the CBI and Finance Ministry. Iraq is ready to go…they are tied to getting this process moving.
4-20-2015 Newshound Guru Kaperoni Article: “Parliament reads today seven laws, including anti-drug and Investment Law” …we have confirmation it was on the agenda for today and was read.
4-20-2015 RUMOR Guru TerryK …GOT A UPDATE FROM SOURCE THIS AM THAT WE WILL NOT SEE ANYTHING UNTIL WED THIS WEEK… ANOTHER MOVING TARGET.
4-20-2015 Intel/Newshound Guru Poppy3 …THEY ARE NOT STOPPING TILL THIS IS COMPLETED…THIS WILL BE THE BIGGEST FINANCIAL CHANGE EVER AND THEY ARE DOING GREAT GETTING IT DONE.
4-20-2015 Newshound Guru My Ladies IS THERE ANYTHING TO BE EXCITED ABOUT AT ALL? THERE SURE IS. WE ARE VERY CLOSE WE KNOW THAT…WE ARE SEEING GREAT PROGRESS WITH SECURITY AND IT LOOKS LIKE THEY ARE ABOUT TO STABILIZE ANBAR AGAIN. WE ARE SEEING GREAT PROGRESS IN THE PRIVATE SECTOR, AND THE PRIVATE BANKING SECTOR. IRAQ IS FOLLOWING THE ARTICLE 4 IMF RECOMMENDATIONS TO THE LETTER. WE DO NOT KNOW WHEN THIS IS GOING TO HAPPEN, BUT AS [GURU] NOVA AND I HAVE SAID OVER AND OVER AND OVER AGAIN…THERE ARE A HANDFUL OF ABSOLUTES IN THIS PASSIVE INVESTMENT AND SO FAR IRAQ HAS NOT BROKEN ANY OF THEM. SO WE MAINTAIN A HIGH LEVEL OF EXPECTATION…HOLD ON A BIT LONGER…IT IS ALL COMING TOGETHER!