Iraqi Dinar Guru opinions 5-16-15
Iraqi Dinar Guru opinions 5-16-15
5-16-2015 Newshound Guru Breitling Let’s talk about the 50k and the 100K note. Here’s the reality…this was talked about 3 or 4 years ago so much. Back in those days they hadn’t started getting rid of the notes out of the market yet. So if they came out with a 50K note that would have meant they were ADDING note to the market and it wasn’t going to revalue if they added those note but NOW they are getting rid of the notes. What is different now? The articles are saying they are being used in conjunction to reduce the note count itself. They are reducing the note count but the pace is completely different. Will it put a ceiling on what you and I can make? Yes it will…what is that ceiling? I don’t know.
5-16-2015 Newshound Guru wmawhite “the Ministry of Transport awarded approve the creation of a single airport, is the Middle Euphrates Airport”. It should be noted that the Middle Euphrates Airport needs $ 450 million to start is the infrastructure for it.” This is where the Investment side of the budget comes into play…this is where the new value of the IQD is important. There is not enough IQD in the solar system to pay for the this airport…at 1166.
5-16-2015 Newshound Guru wmawhite [HOW CAN THE CBI ADVANCE WITH THE DINAR? ISIS HAS TAKEN OVER ANOTHER MAJOR CITY?] Let me ask…is the re pricing of the IQD inside of Iraq or is it outside of Iraq…it is internationally…not in Mosul, not in Ramadi…outside. This is an international financial electronic event. …some of you do not understand what the purpose is for a country to increase or decrease its international value of its currency. It has so little to do with what is happening on its streets. Instead, it gets a country greater leverage when buying or selling outside its borders. IMO the re pricing of the IQD will take place long before the flood gates open to the world of investors. The IQD will have a new value before they arrive…
5-15-2015 Newshound Guru Mailman17 THE CBI CLEARLY STATED TO ALL BANKS UNDER THEM…ALL BANKS, THAT WHEN PEOPLE CAME IN TO EXCHANGE, THAT THEY ARE INSTRUCTED TO TELL THEM TO OPEN ACCOUNTS DEPENDING ON HOW MUCH THEY BROUGHT IN AND TO GIVE THEM WALKING AROUND MONEY IF NEEDED…MY GUESS AT A 1-1 WOULD BE 1000 DINAR AND UNDER. THE 3 ZEROED NOTES ALSO PLAY INTO THAT SCENARIO AS WELL, BUT WITH VERY LITTLE ON THE STREETS. CANT BE SURE WHAT SET OF BOOKS YOU WANT TO GO BY REGARDING IRAQS M2 AS THEY HAVE BEEN CAUGHT WITH 2 SETS IN THE PAST, BUT I SEE THEIR M2 MANAGEABLE AFTER A 1-1. WITH NOTE COUNT SEVERED DRASTICALLY, AS Q-CARDS AND DEBIT CARDS WILL FALL INTO PLACE. THIS IS ALL PART OF THE MONETARY REFORM. NOW, IMO..IF THEY DO NOT CHANGE THE RATE BY THE TIME THEY OPEN THE ISX TO TRADING AND THE BONDS BEING SOLD, YOU WILL SEE A DELAY IN THOSE 2 ENTITIES AS IT WILL KILL IRAQ TO OPEN EITHER ONE AT 1166…AS ALWAYS…JMO.
5-15-2015 RUMOR Guru It was suggested this happen Wednesday night and then last night. Iraq has everything ready, prepped and trained for this…in the mosques they are saying this is seriously happening. Iraq is ready to go through, frustration is high, and they are blaming the US for this not going through. They…would like to choose the least disruptive time to do this, which means after markets close at the weekend. Rates were showing and…Screens went black last night because they are reloading the rates. Some have confirmed this and send out memos saying they are ready any time. Some banks have called in tellers, wealth managers and security. Everyone is moving forward.
5-15-2015 Newshound Guru Kaperoni Article: “Parliamentary Finance: Print new monetary categories in preparation for the deletion of zeros from currency” Quote: “the new denominations to be printed will be of category 50 100 thousand Iraqi dinars.” Until it happens and its discussed on TV for the citizens I question it. Even though it might reduce the physical paper, it makes little sense. If citizens don’t use banks and keep dinar in their mattresses, all that will happen is they will trade a few 25k notes for these new 50k and back to the mattress they go. The end result will be even bigger problems once they start to raise the value. IMO, the best solution is to reduce the paper and the money supply through the liberalization of the foreign exchange…Once they have the majority of the 3 zero notes off the street, they can switch exchange regimes and start to raise the dinar. Simple and effective.
5-15-2015 Newshound Guru Millionday I WANT TO GO OVER WHERE WE ARE BY WHAT WE HAVE SEEN: THE VISIT TO IRAN SHOULD BE COMPLETE WHICH MEAN THE RECONCILIATION CONFERENCE — TUESDAY SHOULD SHOW US THE FEDERAL COURT ACT — THE INVESTMENT LAW IS REFERRED TO AS DONE AND BEING APPLIED — WE HAVE THE HCL AT MINISTERS AND MAY BE ALREADY MOVED TO LAW COMPLETION — THE AMENDMENTS ARE DONE — THEY ARE READY TO ENTER THE GLOBE AND AT ANYTIME THEY WILL BE MOVING FORWARD TO PAY FOR SO MUCH THAT HAS TAKEN PLACE.
5-15-2015 KING of RUMORS Guru So Iraq is all ready to go. They are not holding this up because they are telling their people that they are ready to go and ‘this weekend is your weekend’. Parliament did meet, but the laws they passed are for their country, NOT about the economic reform. They have completed the economic reform and now the US is holding them back. They are saying this to their people now. So we wait. Yesterday, bankers called people and scheduled people to do their exchange. They brought people in saying they would do this last night. They worked through the night, the rates came in, went away, came back in and went away again. They came in this morning and there were no rates. Everyone is geared up to do this but it still hasn’t happened yet. There is a time they want to do this and we have to wait for that time.