Iraqi Dinar Guru opinions 4-30-15
Iraqi Dinar Guru opinions 4-30-15
4-30-3015 Newshound Guru Kaperoni With the 50 dinar note being officially demonetized on Thursday, April 30th, we can begin to wonder if currency reform is coming soon. Several articles surfaced during the month of April indicating there is a determination to issue a 50 (50,000) and 100 (100,000) dinar notes as stated as..”a prerequisite to the deletion of zeros.” If this scenario is correct, this means the CBI is preparing for the transition. That issuing of the 100 and 50 would be the first step towards beginning to raise the exchange rate, and moving towards a currency without 3 zeros (and as stated in the articles as a “prerequisite.”…Inevitably gaining enough value to introduce even more smaller notes such as a 20, 10, 5 and 1 dinar over a period of time as the dinar rises. This scenario is what we want to happen. This would be the beginning of the restructuring of monetary policy and the dinar. This would allow us as dinar investors the greatest potential gain as Iraq’s economy prospers.
4-30-2015 Newshound Guru Kaperoni More than likely the new series of notes (once they all have been issued) will all be same size like the USA. In doing so, they work well in ATM’s, counters, etc. and will not jam. The 50 was so small it was not appropriate, didnt have security and would not fit with the new notes. It had to go. People spend way to much time trying to figure out why that 50 was demonetized. The answer was right in front of us. Now moving forward the CBI can begin with the 100, and 50 and begin to raise the value…this process will continues for a few years until the eventual introduction of the 20, 10, 5 and 1 dinar…and some fils to support the economy and new rate.
4-30-2015 Intel Guru Frank26 Maliki is superhot right now…because he can be dangerous towards the closeness of this MR [Monetary Reform]. The MR is so close…it’s so fragile to these bullies. It’s important that they must deal with him. Abadi and Shabibi asked for $$$ and weapons to help with Maliki. We’ve got it covered…I can’t tell you how…but the media will in the next 30 days or so. As you see one disappear…you will see the one that fears him…appear. We’ll see Dr. Shabibi soon!
4-30-2015 Newshound Guru wmawhite [Do you agree that a gradual float in value makes more sense now?] Why would Iraq ever want the rest of the world to determine the value of its currency by floating it? Answer…NEVER!
4-30-2015 Newshound Guru Millionday [Do you agree that a gradual float in value makes more sense now?] I DON’T KNOW HOW THEY WILL ENTER THE MARKET WITH THE DINAR BUT AS WE HAVE BEEN TOLD FROM THE IRAQI GOV — AND ALSO HAVE SEEN WITH THE ORDERS GIVEN WITH THE DIRECTIVES — THEY WILL DO THE INTERNATIONAL EQUATION FIRST TO ENTER THE MARKET. THEY WILL HAVE TO CALCULATE THE DINAR VALUE FIRST AND THEN HOW IT IS IN THE MARKET WILL BE SEEN. THERE ARE MORE WAYS TO PUT THE CURRENCY AS IT GAINS — NOT JUST FLOAT OR FIXED — THE MARKET HAS MORE OPTIONS — THE THING IS THIS — EITHER WAY (UNKNOWN TO MANY) — CBI HAS THE POWER TO ADJUST THE RATE TO AVOID INFLATION. THE CENTRAL BANK HAS THE RIGHT TO ADJUST THE RATE AND USE OTHER TOOLS TO MINIMIZE INFLATION — IN FACT THAT IS THEIR JOB — I HAVE THAT IN INK.
4-30-2015 Newshound Guru Millionday DEFINITION of Floating Exchange Rate: A country’s exchange rate regime where its currency is set by the foreign-exchange market through supply and demand for that particular currency relative to other currencies. Thus, floating exchange rates change freely and are determined by trading in the forex market. This is in contrast to a “fixed exchange rate” regime. In some instances, if a currency value moves in any one direction at a rapid and sustained rate, central banks intervene by buying and selling its own currency reserves (i.e. Federal Reserve in the U.S.) in the foreign-exchange market in order to stabilize the local currency. However, central banks are reluctant to intervene, unless absolutely necessary, in a floating regime.
4-30-2015 Intel/Newshound Guru Poppy3 and Newshound Guru Millionday NOTE — …WE SAW A REPORT THAT THE WORLD BANK HAS SIGNED FOR THE LOAN TO IRAQ — SO OFFICIAL AGREEMENT MADE. Quote: “MP for the Parliamentary Finance Committee Masood Haider, on Tuesday, the International Monetary Fund agreed to Iraq’s request Baagheradh amount worth five billion dollars as part of the response to the financial crisis experienced by the country.” NOTE — THE IMF HAS ALSO SECURED THEIR AGREEMENT WITH IRAQ. …THIS WAS THE SAME PROCESS KUWAIT WENT THROUGH JUST BEFORE THEIR ANNOUNCEMENT OF THEIR NEW RESTORED RATE. ALSO REMEMBER AFTER THEY RELEASED IT THEN WAS 10 DAYS BEFORE IT WAS LEGAL TO EXCHANGE. WE ARE LOOKING GREAT AND THE MONEY WILL BE AWESOME.
4-29-2015 Newshound Guru Kaperoni Article quote: “A source in the Council of Ministers Vice President Nuri al-Maliki Army is behind the massacre of misleading campaign blather. The source added that everyone knew the truth of this rumor, which aims to destabilize the security situation is directed against the security forces… …he needs to go. He continues to interfere with the new government. The false stories and misinformation is sole to create protests…which are in essence, against the new Abadi government.
4-29-2015 Intel/Newshound Guru tman23 [Do you think its probable that we wake up one morning and see the exchange rate $3 or over?] To commit to the word “probable” would be through the IQD RV Goggles…Replace probable…..with “possible”…IMO it is very possible.
4-29-2015 RUMOR Guru I am VERY excited. We are in a very good place, and I’m pleased and happy with the situation. Iraq is prepared, with actions in the banks, CBI, all the ministries, Abadi’s office, the Council of Ministers, Federation Council, etc., and we are just pumped about their actions. I will not give details because it’s not the right thing to do. I’m excited! In the USA, they have been preparing for the last 3-4 days, with bankers on call and in place… Everybody is prepared for this throughout the world, bankers, security staff and all the rest. …it could take another five days, so we’ll wait and see how it turns out. The actions taken are hard to refute, and we have had some stellar sources who have helped us get here.
4-29-2015 Newshound Guru Adam Montana There’s been a wild flurry of rumors that the HCL was printed. Unfortunately, I cannot verify it so I have to say they are wrong. I’m confident that we have an HCA [Hydro Carbon Agreement], but the L [Law] is not yet with us. I’m also confident that things are still moving in the right direction for us, more so than at any time in this entire ride! Articles: “Baghdad sends Kurdistan’s entire check for the month of April” “Kurdistan says all issues are resolved on oil trade with Baghdad, and is freely sending the oil that Baghdad is entitled to.” we haven’t seen cooperation like this not just in years…but ever! Those two [articles], all by themselves, is reason to be positive! But wait, it gets better! Baghdad says they will be sending more money to Kurdistan… Kurdistan freely producing higher amounts of oil and shipping to Baghdad. Baghdad and Kurdistan have fought for YEARS, neither one giving an inch…and now they are performing better than they have to? This isn’t rocket science – this is history and a plain-as-day painting on the wall…That they are acting upon the Agreement with no problems is all the proof I need that we will be seeing an actual LAW finalized, officially, soon.