Iraqi Dinar Guru opinions 5-1-15
Iraqi Dinar Guru opinions 5-1-15
5-1-2015 Newshound Guru Enorrste Article quote: “The Central Bank of Iraq, said he plans to issue a new currency from the category of 50 dinars after deletion of zeros which is equivalent to $50 thousand dinars at the moment.” I am somewhat surprised that some seem to have passed over the clear statements from the CBI that the notes will be 50 and 100 dinar notes with the “current” value of 50000 and 100000 dinars. I am absolutely jubilant instead of “cautious” or “apprehensive.” Clearly we are within days or at most weeks of a change in the exchange rate regime…this is a “prerequisite” toward making the change. Some bills need to be passed but don’t necessarily have to be passed prior to the change in the regime. In any case, Parliament has said that it will take up the currency in the coming week, so I am again confident and jubilant. One final comment…: the Parliament does not have to “pass” a change or addition in currency. That right resides with the CBI alone. It is stated in the 2004 CBI institution law and also in the Constitution that the issuance of currency is within the pervue of the CBI only. Get excited, folks! This is as close as we’ve ever come. I just love the fact that KAP [GURU KAPERONI] pointed out the word “prerequisite.” That means that something else will follow this move. Yippee!
5-1-2015 Newshound Guru Kaperoni Article quote: “Iraq plans to obtain a sovereign credit rating and is approaching rating agencies as it prepares for a jumbo $5 billion (£3.2 billion) bond issue” needed to cover a budget deficit caused by low oil prices, its finance minister said on Thursday.” …it seems that if they did pursue this credit rating it would have an effect on the exchange rate. More pressure which is what we want.
5-1-2015 Newshound Guru Millionday Press Statement: “Finance Minister Hoshyar Zebari said Thursday that Iraq was seeking sovereign rating continues with credit rating agencies as it prepares to issue bonds worth a huge five billion dollars needed to cover the financial deficit caused by low oil prices.” THIS IS FROM A PRESS STATEMENT AND IS VERY IMPORTANT IN THE FORMATION OF THE INTEREST RATES — WHICH PER OUR RESEARCH ON WHAT GOES INTO THE INTERNATIONAL EQUATION. THEY ARE WORKING ON THE CREDIT RATING FOR IRAQ… Quote: “Zebari said in a press statement, “We started the process and that the banks are also seeking to help us in this direction,” without having to disclose the date on which it is expected to complete the process.” IRAQ IS NOT RELEASING THE DATE OF WHEN THE CREDIT RATINGS ARE TO BE RELEASED — AND FOR A GOOD REASON…
5-1-2015 Newshound Guru Millionday Quote: “Iraq has announced that it will issue bonds worth five billion dollars in the first issued in the international bond market in nine years and is in dire need of liquidity as the government predicted that this year’s deficit up to about 25 percent of the size of the budget of 100 billion dollars.” IRAQ HAS ALSO ANNOUNCED THAT THEY ARE GOIING TO ISSUE BONDS IN THE INTERNATIONAL BOND MARKET — IRAQ THINKS THAT THE ISSUE OF THE LAST CREDIT RATINGS WILL ATTRACT THE INTERNATIONAL COMMUNITY TO THE BONDS THEY HAVE ISSUED TO HELP WITH THE DEFICIT. THE PROBLEM WITH OBTAINING THEIR CREDIT RATING IS THAT IT REQUIRES TRANSPARENCY TO THE AGENCY THEY ARE WORKING WITH — THIS FORCES THE INFORMATION THAT HAS BEEN KEPT QUIET TO BE REVEALED. NOTE — THE BONDS ARE ALL IN DINAR AND THE FACT THAT THIS IS A HUGE PRESS STATEMENT…IT IS OBVIOUSLY VERY IMPORTANT. THE CREDIT RATING IS VERY IMPORTANT…IN THE REVALUE OF THE DINAR AND ALSO THE INTERNATIONAL RECOGNITION IN THE DINAR YOU HOLD.
5-1-2015 Intel/Newshound Guru Poppy3 I EXPECT TO HEAR A RATE AT ANYTIME IN THE NEXT FEW DAYS.
5-1-2015 Newshound Guru tlm724 Article quotes: “…Iraq seeks credit rating before jumbo bond issue” “Iraq plans to obtain a sovereign credit rating and is approaching rating agencies as it prepares for a jumbo $5 billion (£3.2 billion) bond issue needed to cover a budget deficit caused by low oil prices” “We started the process,” Hoshiyar Zebari” Action! Quote: “The process of obtaining a credit rating could be a delicate one for Iraq, requiring it to open its books to the agencies and disclose new information on its finances. Zebari did not say when he expected the process to be completed” If Iraq whats to play with the big boys then they will have to open their books! Full transparency is required. …they are going to have to get a good credit rating and also avoid the anti-money laundering black list. These two issues are critical to Iraq’s economic reform plan! It is imperative to address these and do it quickly in order to build international confidence! This is telling for sure issuing bonds in dinar, the question remains what will they do to the dinar to make it attractive? Still to be determined…Wink.
4-30-2015 RUMOR Guru TerryK TALKED TO 7 SOURCES TODAY…THEY ARE ALL EXCITED. IRAQ HAS BEEN FUNDED…THEY HAVE THE MONEY THEY NEED TO SERVICE BY LOANS. I AM TO UNDERSTAND THAT WE ARE TO SEE THIS BEFORE THEIR HOLIDAY. THIS IS A VERY VERY VERY EXCITING TIMES. I THINK ONCE IRAQ PASSES THESE 6 LAWS WE ARE GOING TO BE IN MAJOR HAPPY TIMES. WHAT I AM BEING TOLD IS TO EXPECT THIS TOMORROW NIGHT OR BY THE WEEKEND…IT DEPENDS HOW THEY GET THESE 6 LAWS PASSED OR WHEN…THESE ARE 5 BANKING LAWS AND ONE FOR THE NATIONAL GUARD…THE NATIONAL GUARD IS VERY IMPORTANT.
4-30-2015 Intel/Newshound Guru Poppy3 …THESE ARE FACTS STATED BY IRAQ LEADERSHIP…THEY HAVE PASSED MANY NEW LAWS IN THE LAST TWO DAYS AND THEY STATED THE 4 MAIN LAWS LEFT WILL BE FINALIZED AS OF TODAY IN A PRIVATE CLOSED DOOR MEETING. ABADI HAS ANNOUNCED TWICE IN THE LAST WEEK HE WILL NOT ALLOW TIME OFF EVEN FOR RAMADAN TO DETER OR DELAY FROM FINISHING FINANCIAL REFORM. I AM GETTING CONSTANT CALLS FROM EVERY SOURCE I HAVE EVER HAD… TELLING ME…THE FINISH LINE IS ABSOLUTELY IN SIGHT. IRAQ IS MOVING THINGS FORWARD FINANCIALLY AND AS I HAVE TOLD YOU IN THE LAST MONTH FROM THE BEST CONTACT IN THE COUNTRY…HE SAID THEY WILL NOT STOP PROGRESS TILL REFORM IS COMPLETE AND ALL REQUIREMENTS ARE MET AND THEY HAVE FOLLOWED THAT INFORMATION TO THE LETTER.
4-30-2015 Intel/Newshound Guru Backdoc …WE HAVE SOME THOUGHTS ON THE EXPIRED FIFTIES. REMEMBER THE CBI CONTROLS THE NOTE COUNT. WITH ALL THE OLD FIFTIES BEING PULLED OUT OF CIRCULATION THE POTENTIAL FOR MORE VALUE TO THE DINAR IS NOW INCREASED…THEY SAID THEY ONLY HAD 1 3/4 % IN THE PUBLIC FLOAT. THAT NUMBER MUST NOW BE CONSIDERED LOWER. WILL IRAQ USE SOME OF THIS MASSIVE CURRENCY REDUCTION IN SOME WAY TO BENEFIT THEM WITH PAYMENTS ECT. TO ACCOMPLISH A BETTER CREDIT RATING? Mmmmm. TIME WILL SHOW THE ANSWER FOR SURE BUT IT SEEMS INEVITABLE THAT WE WILL SEE THAT UPGRADE SOON. THIS WILL BE HUGE FOR THEIR INTERNATIONAL STATUS.
4-30-2015 Newshound Guru Millionday [Do you have any ideas of why [Guru XXX] Tony and [Guru] XX are so excited saying that Iraq and everyone is saying that this is happening now?] NO I HAVE NO IDEA BUT HOPE THEY ARE RIGHT — IMO IT COULD HAPPEN AT ANYTIME — SOME STEP IN THE ACTIVATION OF THE REFORMS WOULD REQUIRE FOR FAIR TRADE ETC THE CALCULATION TO BE DONE AND SET IMO.
4-30-2015 Newshound Guru Aggiedad77 Article: “Parliamentary Finance: Iraq borrowed more than three billion dollars and projects stalled St_khas_khas” The numbers are flying all over the place…$800 million…$5 billion…now $3 billion…$3.4 billion…$2 billion…what is behind door #1…this member of the Finance Committee claims Iraq will be borrowing from both the IMF and the World Bank…trust me this isn’t the only article we will see today regarding these loans…most of any loans Iraq is getting from these two organizations comes with little to no interest attached and payouts of around 5-10 years…there will be good to come of all of this…do not let the sight of these loans get you down thinking things are being delayed…the pot on the stove continues to simmer…and it is cooking some good things.
4-30-2015 Newshound Guru Adam Montana Article quote: “Iraq plans to obtain a sovereign credit rating and is approaching rating agencies as it prepares for a jumbo $5 billion (£3.2 billion) bond issue needed to cover a budget deficit caused by low oil prices, its finance minister said on Thursday.” This is BIG. Iraq is applying for a credit rating. A credit RATING. They aren’t haphazardly applying for a loan “just in case” the auditor messes up and gives them a small line… they are on the way to an established, world recognized, bonafide, CREDIT RATING… and I think it’s going to be GOOD. THIS IS HUGE!!! When you have a credit “rating” like the US, China, or any other major player in the world has, you are opening your books to the world and everyone knows you’re worth “X”. Right now, Iraq is worth “?”. But with a credit “rating”, THAT ALL CHANGES. HOLY SMOKES THIS MAKES ME SMILE! WOOOT.