Iraqi Dinar Guru opinions 5-3-15
Iraqi Dinar Guru opinions 5-3-15
5-3-2015 Intel Guru Delta URGENT FROM IRAQIA TV: GOV OF CBI ANNOUNCED THE COMPLETION OF THE FINAL TOUCHES TO ISSUE A NEW 50 NOTE AND THEY SAID THAT WILL REDUCE THE VOLUME OF CASH IN CIRCULATION. IMO THE RATE WILL CHANGE THIS WEEK OR NEXT WEEK THE MOST BEFORE THEY ISSUE THE NEW NOTE AND IT LOOKS THE RATE WILL BE AROUND 1.16 – 1.19 DINAR PER DOLLAR ( .85 – .86).
5-3-2015 Intel Guru Delta THE PROCESS TO GET A CREDIT IT TAKE ONLY 4-6 WKS…SO WHY IN CASE OF IRAQ IT’S 4 MONTHS? THEY ARE WAITING FOR THE TRUE RATE AND ARTICLE 8, AND SINCE THE OLD 50 NOTE IS NO LONGER VALID. CHANGE IN THE EXCHANGE RATE REGIME IS COMING. [Iraq has to be internationally recognized with a international rate before they can get a credit rating.] BINGO…
5-3-2015 Intel/Newshound Guru tman23 The citizens are not happy over borrowing money…they feel like Iraq is now sold to the bankers…And the GOI is not telling them anything but to be patient…No announcement in Mosques about “Your Abundance is coming” and no announcements on TV.
5-3-2015 Newshound Guru Kaperoni Article quote: “Iraq is undergoing numerous challenges, including the economic and financial situation and we want to take advantage of the financial crisis to build a healthy economy depends on long-term strategy and vision as far away as possible from the prosthetic solutions.” IMO, the above statement is confirmation that there is no overnight RV (prosthetic solutions). That the plan is as Dr. Bakri stated, and the CBI has stated recently (up to 4 years) and based on sound economic principles which will allow the dinar to appreciate based on the success of the economy. Which also is what the IMF stated in the Article IV Consultation. Time will tell..but this article to me is more confirmation we need to be patient and let this come to us.
5-3-2015 Newshound Guru Aggiedad77 I am seeing, reading, and comprehending the same thing…this appears to have started 4 months ago, maybe late January, probably near the first time we heard mention of Iraq talking to Citibank and Deutsche Bank…IMO this is where they will get the rating they want…something definitely higher than a “-B” rating. …they surely won’t divulge the full picture to us at this stage… something needs to give way in the near term, within weeks. It sounds like they are confident that other countries see Iraq as a worthy risk due to prior history of debt repayment… plus they have an exceptionally large reserve of oil that will certainly aid in backing a better credit rating. Definitely no sign of panic that a lower rate is being expected…their demeanor…seems to signal that things are on course… remember Citibank and Deutsche Bank were part of the meeting agenda when PM Abadi and I believe Finance Minister were in Washington a few weeks ago…history in the making is my twist on this…the BEST is yet to come…sooon.
5-3-2015 Newshound/Intel Guru BGG [do you know if Iraq needs to have a recognized currency prior to the release of the credit ratings for a soverign country?] I doubt it – but more than likely need a currency and a credit rating to get their bonds sold at a premium and I doubt they want to sell their bonds cheap. [When will they start to sell their bonds?] the obvious answer is – likely right after their credit rating (hopefully a good one) is issued…again – IMHO they need a currency and a rating BEFORE they will be able to get investors to pony up to the bond table. I mean – they need something other than 1166 to show their advancing financial condition. It has to reflect the true state of Iraq. 1166 does not. [how long will something like a credit rating take?] I doubt they would have announced it if things weren’t well on the way.
5-3-2015 Newshound Guru Kaperoni Article quote: “BAGHDAD Mustafa al-Hashemistrengthens the presence of the credit rating of any country in the world to get the funding they want through local or foreign markets…” It’s pretty obvious that getting this rating will help them lure investment capital for the market economy. Which indirectly will effect the exchange rate…as more investment comes in, it creates inflationary pressure to raise the dinar exchange rate. So another piece of the puzzle and a good thing that will help them grow the economy.
5-3-2015 Intel/Newshound Guru Poppy3 …THERE IS SOMETHING UP IN IRAQ WITH SENIOR LEADERSHIP OF WORLD BANK IN TOWN… THEY DON’T VISIT JUST TO GET SOME APPLE PIE…THEY ARE THERE TO BRING ACTIONS AND DIRECT THAT ACTION TO MEET WORLD BANKS NEEDS. BE READY TO SEE SOME MOVEMENT TO GLOBAL ACTIONS DURING THEIR VISIT.
5-3-2015 Newshound Guru wmawhite As we know, Iraq is pursuing a sovereign (country) credit rating. However…from Standard and Poors (S&P), one of the factors taken into account by Standard and Poors is the country’s currency; Three factors also drive a sovereign’s external score, namely our view of the status of a sovereign’s currency in international transactions, the sovereign’s external liquidity, and its external indebtedness, which shows residents’ assets and liabilities relative to the rest of the world. With this mind, why would Iraq move forward with obtaining a sovereign credit rating knowing that its currency will be a factors…UNLESS…it may not be a factor soon?
5-2-2015 Newshound Guru Millionday I HAVE HEARD IT WAS OVER THIS WEEKEND…THE THING IS — I DONT SEE ANYTHING IN ITS WAY…WITH THE EU AT THIS POINT IS VERY IMPORTANT — THEY ARE IN SUCH A DIFFERENT PLACE THAN THEY HAVE EVER BEEN IN…AND THE KURDS ARE IN COMPLETE AGREEMENT WITH IRAQ AT THIS POINT TOO — THE ERBIL AND OIL AGREEMENT — SO THEY HAVE SAVED IRAQ FACE IMO.
5-2-2015 Newshound Guru Shredd Article quote: “Iraq is seeking to get the sovereign rating and continue with credit rating agencies, “explaining that “seeks to connect with two or three credit rating agencies.” We’ve known they have been working on this for quite some time. It’s good to see this back in the news. Having a sovereign credit rating will open many investment opportunities for investors and investment vehicles who’ve been waiting for this. No direct correlation to the exchange rate but will be very very good for investment once acquired.
5-2-2015 Newshound Guru tlm724 Article quote: “Iraq is seeking to get the sovereign rating and continue with credit rating agencies, “explaining that “seeks to connect with two or three credit rating agencies.” Zebari added that “Iraq is preparing to issue huge bonds worth five billion dollars needed to cover the budget caused by lower oil prices deficit,” when they have to open their books to get this rating it will interesting! Full transparency is required and their true wealth will be revealed and with that perhaps we will see a change in the rate? I don’t know but it is possible.
5-2-2015 Newshound/Intel Guru BGG I must say – I was a little disappointed to “not be rich” yet this AM…it’s early yet. [You really think we’re THAT close BGG?] probably… the news looks very promising. Aside from the normal “two steps forward – one step back” flavor – it’s pretty good financial news.
5-2-2015 Intel Guru Hub a lady that runs my operation for me, i got her in this three years ago, had her wf branch mgr call her two times this week to tell her its ready, she needed to get ready, no time, just its here. this lady runs the company for me and i trust her completly.
5-2-2015 Intel/Newshound Guru Poppy3 …I AM IN GREAT ANTICIPATION OF HEARING NEWS IN THE NEXT COUPLE DAYS THE IRAQ DINAR HAS A NEW INTERNATIONAL RATE .