Iraqi Dinar Guru opinions 5-10-15
Iraqi Dinar Guru opinions 5-10-15
5-10-2015 Newshound Guru Enorrste My personal view is that the exchange rate regime must be the first element in the overall project. Obviously you cannot remove the large notes until the value has risen to make them too valuable to remain on the streets, and the change of the exchange rate regime is the method to get the value to begin rising. So I believe that I am on solid ground in saying that the change in the exchange rate regime is “next up” with respect to the “project” implementation. …I see entry into Article 8 and the passing of some of the laws as secondary to the actual change in the exchange rate regime. Clearly moving to Article 8 must come after the exchange rate regime change and the passing of the laws could occur either before or after the change in the regime.
5-10-2015 Newshound Guru Enorrste I remain generally optimistic. I cannot discount the reality of the ISIS threat to Iraq’s security. At the same time, however, I am emboldened by statements that have come out indicating that the head of the CBI has given the “green light” on the “project.” For me, this latter comment must take precedence over the more general “security situation” discussion by others in the government who are not “in charge” of the implementation itself. Therefore, I finally fall on the side of the argument that says that there really is only a perception of delay due to our American way of seeing things rather than that the plan itself has been put on hold or that a “towel has been thrown in” for the time being. I see no direct evidence of that and will stick with the CBI director’s statement about the “green light” until I see direct evidence to the contrary from him or from the CBI.
5-10-2015 Newshound Guru Enorrste The introduction of the 50000 note will make it possible within a couple of months to remove a large number of the 25000 notes and probably almost all of the 5000 notes. …25000 notes constitute the vast majority of the overall currency in circulation, so their removal will cut in half the pieces of paper in circulation. Add to that the 5000 dinar notes and, presumably, some of the other 3 zero paper, and we will be well along toward achieving the reduction that the CBI wants in the amount of paper on the street. I could see this happening within the next 90 to 120 days, which would put us into the early fall. At that time I would “hope” to see the announcement of the change in the exchange rate regime…only time will tell…
5-10-2015 Newshound Guru Millionday [the 3s was referred by the article…about wanting to bring the currency back to the 80’s to what it was?] THAT IS WHAT IT WAS IN THE 80`S AND IT WAS A LONG TIME AGO WHEN SALEH STATED THAT WAS THE PLAN — BUT OH BOY HOW GREAT WOULD THAT BE… IT IS IN THE HISTORY — BUT WHO KNOWS IF THE CHANGES IN OIL ETC. HAS CHANGED THE PLAN HE WAS REFERRING TO…BUT THE HIGHEST IN THE REGION HAS ALSO BEEN BROUGHT UP MORE THAN ONCE SO — ALL VERY EXCITING TO SAY THE LEAST… WE DONT KNOW THE RATE BUT THEY HAVE BROUGHT UP SOMETHINGS THAT LEAD ANYONE TO BELIEVE THAT THEY HAVE HUGE PLANS FOR IRAQ IN THE REGION.
5-10-2015 Intel Guru DELTA WHEN THEY SAID THAT THEY WILL ISSUE LARGE CASH CATEGORIES THEY ARE TALKING HERE ABOUT A SMALL NOTE WITH HIGH PURCHASING POWER!!! THEY ARE TELLING US THAT THIS IS AN IMPORTANT STEP ON THE ROAD TO MONETARY REFORM!!! …THEY WILL COME OUT WITH A NEW 50 = $.43…IT’S VERY CLEAR THAT IRAQ CAN’T COME OUT WITH 50000 NOTE!!!
Fact check, According to numerous articles out today, Saleh and the Gov of the CBI states that they do intend to print 50K notes in the coming months, as always with Iraq, lets see if they pull the trigger this time.
5-9-2015 Newshound Guru Millionday [is there any time frame for this to go down?] THEY ARE BEING PUSHED TO GET IT ALL DONE IN A HURRY — THEY WERE WITHOUT HOLIDAY AND TOLD TO GET IT FINISHED BUT I HAVE NOT SEEN A COMMENT ON DAYS OR EXACT TIME FRAME — IT APPEARS WITH SO MUCH HAPPENING NEXT MONTH — THEY MUST BE UNDER THE GUN TO GET IT DONE HOWEVER.
5-9-2015 Newshound/Intel Guru BGG [I still can’t understand why there’s a 50k new dinar note.] there isn’t – it’s going to be a 50 Dinar note with the “value of” a 50k note.
5-9-2015 Newshound Guru wmawhite For those of you that are looking for an announcement of the RI/RV or think that there is a button to push, we may have already been informed of a pending change in the value of the IQD the same way the citizens have been informed. And what do I speak of? It is this 50 and 100 note announcement that the Governor of the CBI made two weeks ago. Yes,…50 note of like value. This is Iraq way of telling their citizens that change coming [in?] MAY.
5-9-2015 Intel/Newshound Guru Poppy3 …THE MAIN PEOPLE THAT ARE ACTUALLY THE DECISION MAKERS ARE ALL STILL SAYING THEY ARE GETTING IT ALL DONE THIS MONTH AND I HAVE TO ADMIT THEY HAVE BEEN STICKING TO THEIR WORDS LATELY SO I AM STILL PRETTY PUMPED ABOUT THIS MONTH. LOTS OF RUMORS AND VERY FEW FACTS FLYING AROUND THIS WEEK BUT THE MAIN PEOPLE ARE STATING GOOD STUFF. TIME WILL TELL.
5-9-2015 Intel Guru Jester IT IS A VERY COMPLEX AND COMPLICATED SCENARIO WHICH ALL I CAN DO IT TELL YOU IS MOVING ALONG… AND THERE ARE TWO TIMELINES… THE US IS THE DECIDER OF THAT PATH…. AND WE ARE NOT IN THE KNOW ABOUT IT. THE US CONTINUES TO PLAY THE GAME… SO ALL WE CAN DO IS WAIT AND SEE WHAT THE OUTCOME IS…
5-9-2015 Intel Guru Ocrush The 1.5% world bank loan that will be distributed in July to Iraq is based on a credit rating of A! It’s the length of time that was given to them (35 years) that gives them that rating and not lower! The theory is that Iraq has to have a strong currency to have a credit rating of any kind, much less an A. SO, connecting the dots! RV = A rating = above loan IN JULY! SO, an RV before then.