Iraqi Dinar guru opinions 5-6-15
Iraqi Dinar guru opinions 5-6-15
5-6-2015 Newshound Guru Kaperoni Article quote: “the issuance of more than the limit established Iraqi groups will lead to the low level of the Iraqi dinar against the dollar and other currencies as well as increased financial and economic inflation in Iraq, which is already suffering a financial and economic crisis stifling.” Of course, the Iraqis are as confused as we are…and this guy is right…if they were to print (they are not) a 50,000 dinar note and release it, it would increase the money supply, cause the dinar to depreciate in value and the result would be higher inflation. Not to mention, it would not solve any issues they have pertaining to advancing the economy and banking system. As we said many times, this would be outright stupid. Since there are so many articles on this topic, we can only assume this is some creative way to notify citizens of some pending change…but we will all have to wait and watch.
5-6-2015 Newshound/Intel Guru BGG they are going to print a 50 DINAR NOTE – with the value of a 50K dinar note…so a 50 Dinar note worth (43$) US…their own words. Why new currency and what happens if they leave us out? (The old currency)… my answer…is simple – they cannot. The GOI and you and I are in the very same boat. It would be highly, highly, highly improbable the WB, IMF, etc, etc, would allow the GOI to help themselves to a massive bump in spending power (helping to bridge their budget issues for 2015) and leave us (and the rest of the world) out of the mix. I just don’t see that happening.
5-6-22015 Intel/Newshound Guru Poppy3 …I WAS LISTENING WHEN ABADI ASKED THE PEOPLE TO BE PATIENT AND ALL WOULD BE DONE BY JUNE. I THINK HE MEANS REFORM WILL BE COMPLETE THIS MONTH. FINE BY ME.
5-6-2015 Newshound/Intel Guru BGG [The question is…How close are we to that tipping point?] as far as Iraq is concerned – very. [very…is that closer than soon?] VERY.
5-6-2015 Newshound Guru Adam Montana …Iraq announced they would be applying for a credit rating from multiple major sources…that’s some of the best news I’ve heard in a LONG time, and there won’t be many more that big until the HCL is permanent. On that note, let’s talk about HCL for a second. As of last week, we had extremely solid news that the KRG and Baghdad are skipping along, arm in arm, like never before. The news was a little misleading, as it sounded like they were already exchanging at above the expected rate in BPD. …while the Kurds are on their way to exceeding the expected amount, they are actually working their way up to that number: Quote: “… parliamentary member Awad al-Awadi said the oil agreement between the federal government and the Kurdistan Iraq was applied gradually, but until now did not reach the level of the export of 550 barrels per day…” Of course, none of it matters until we can go exchange for a lot more $’s than we currently have. As of right now, the ship is still heading in the right direction, so… we wait.
5-6-2015 Intel Guru Jester IT SEEMS TO ME THAT THE END COULD BE… AND PROBABLY IS… NEARLY READY TO GO… I AM HEARING THAT IT COULD BE READY TO GO AS EARLY AS MID TO END OF JUNE… ABADI IS…TALKING ABOUT GETTING THINGS DONE. THE FACT OF THE MATTER IS THE END IS NEAR… ONE WAY OR THE OTHER THIS THING IS GOING TO MOVE FORWARD.
5-6-2015 Intel/Newshound Guru tman23 Just expect to see a picture of the new 50,000 note in the coming days…If there are 3 zeros on that note…This venture is over…If there is the number 50 with a solid block after the 50# to the corner of the note…were still in the game!! You bet we all are hopeful…and after the 15th…it is everyday eyes wide open!!
5-5-2015 Newshound Guru Millionday CBI HAS STATED THAT IRAQ IS READY TO MOVE FORWARD — THE GREEN LIGHT — LOVE THE GREEN LIGHT. PARLIAMENT IS MOVED TO THURSDAY AND NO MENTION OF THE HUGE LAWS THEY ARE HUSTLING TO GET DONE ALL AT ONCE — SO THIS IS SOMETHING WE SHOULD WATCH FOR AND EXPECT — NEWS SHOULD BE COMING OUT ABOUT WORLD BANK AND THE DELEGATION OF COURSE — AND MOST IMPORTANTLY — WE ARE SICK TO NO END OF WAITING — SMILE.
5-5-2015 Newshound Guru wmawhite …the loans that the IMF is making to the GOI has nothing to do with the CBI introducing the IQD to the world currency markets. These are two totally different events. Question: who owns the Iraqi Dinar? look on the notes you have…answer: CBI. Iraq needs the ability to have a citizen travel to any country in the world a walk into a bank with a certified check drawn on an Iraqi bank and open an account in that country. Just as an American, British, French or whoever can do today.
5-5-2015 Newshound Guru wmawhite [what would that take to do so?] It would take the CBI to announce to the world that its currency will be treated as any other and that the CBI will start paying foreign remittences/bills with the IQD. In order to do so the CBI would announce that the true value of the IQD compared to other currencies is such and such. […a call earlier…stated iraq requested to go international on Thursday. Any truth/thoughts on this?] IMO…the CBI doesn’t have to request jack from anybody…when it decides it is best to do so it will tell the world what the rules are for the IQD.
5-5-2015 Newshound Guru Kaperoni Article quote: “the Ministry of Finance and the General Customs Authority refused to reverse the decision to apply tariffs despite the protest traders and demonstrations that have occurred in some southern ports…” Sounded like they were going to hold off on tariffs (at least in some areas), but now this article is matter of fact…tariffs in effect in all areas.
5-5-2015 Intel/Newshound Guru Poppy3 ABADI HAS STATED REGARDLESS OF HOLIDAYS OF ANY KIND THEY WILL NOT STOP OR POSTPONE ANYTHING TO DO WITH COMPLETING FINANCE REFORM.
5-5-2015 Newshound Guru wmawhite Remember…the CBI can tell everybody inside Iraq something is now worth whatever but it will not matter IF…IF…the prices on the shelves do not change. The only way the prices of goods change is if the international exchange rate of the IQD increases DRAMATICALLY…the key is the value of the dinar OUTSIDE of Iraq…because the dinar is worth a dinar inside…Iraq imports 90% of all goods. The 1166 has to change ALOT! [can they drop the 3 zeroes in-country only? change the prices (use the new bar code) to reflect this change in value and not be in effect outside of Iraq?] the term “three zeros” … “delete three zeros” have different meanings depending on the context it is used in…but none of these lower notes will work without a change in the value outside of Iraq.
5-5-2015 Intel/Newshound Guru tman23 I was told Saturday that Abadi met with “committees” and “described” the removing of the zeros from the currency process. THIS WOULD NOT BE DONE IF THE PROJECT TO REMOVE 3 ZEROS WERE DELAYED OR CANCELED.
5-5-2015 Newshound Guru Aggiedad77 Article: “Iraq is seeking to apply for a loan from the International Monetary after the deficit estimate by about $ 25 billion” Family I want to point to something that looks crazy with today’s news…all this talk today about money from the IMF…it all sounds like it just happened today…this discussion about loans…this has been an ongoing thing for weeks, maybe a month or better now…why present this in such a light today as though it was a newly discovered idea…this is old news…really old news…muddy waters tell of a storm to come…they tell of a flood that is on its way…the mud pushes ahead of the bigger event giving warning to all in its path…this could be like a warning of the good that is headed our way.
5-5-2015 RUMOR Guru TerryK WELL GOT THIS CALL LATE LATE LAST NIGHT TELLING ME THAT WE ARE TO SEE THE RV TODAY OR TONIGHT. WITH ALL THESE LOANS THAT IRAQ IS GETTING AT THE RATE THEY ARE PAYING BACK I WOULD SAY THAT WE GOTTA BE RIGHT THERE.