Iraqi Dinar Guru opinions 5-18-15
Iraqi Dinar Guru opinions 5-18-15
5-18-2015 Newshound Guru wmawhite …the CBI has told us that the note count has continued to be reduced. And why reduce the note count? It is like any other commodity on the market…when there is less of something that is needed by the consumer…it becomes more valuable. It is easy to confuse subjects: currency on the street with the eventual increase in the value of the IQD outside of Iraq. …when we see articles about the currency, amount of currency, with zeros, without zeros…this is about what notes the citizens will have in hand. They are not speaking about the international exchange rate of the IQD. However, those subjects are influenced by the eventual increase in the value of the IQD…for example, how does a IQD notes become more value to a citizen in Baghdad? Not just because someone says it is…instead, by it buying more. And how does that happen? By it becoming more value outside of Iraq…where the Iraqis purchase 90% of their goods.
5-18-2015 Newshound Guru wmawhite [It just seems with SO MUCH that is happening, they HAVE TO make the move to take the next step forward.] you are correct…they do. [Just way way way to many agreements have been stated then we have EVER seen in so many years…why all these agreements?] you are correct…remember all of those trade agreements Iraq inked over the past year? Those are the countries that will help in supporting the new value of the IQD.
5-18-2015 Newshound Guru Millionday [What indicator removes the rate that was thrust upon IRAQ.] CBI IS INDEPENDENT AND HAS THE JOB OF RELEASING THE EXCHANGE RATES…CBI SAID WHEN THE TIME IS RIGHT THEY WILL RAISE THE VALUE OF THE DINAR AND RELEASE THE INTERNATIONAL RATES. IT WAS IN A REPORT WHEN THEY STATED WITH THE BANKS THAT THEY WERE READY TO MOVE FORWARD WITH THE MONETARY POLICY AND ECONOMIC REFORM/BANKING REFORM — IT WAS MONTHS AGO.
5-18-2015 RUMOR Guru Mnt Goat Some say it will never reach a June timeframe. Really? They are now slowing changing their tune as we get closer to June. NO SECURITY, NO NEEDED LAWS = NO RV! LAWS are needed to fully implement their constitution and Reconciliation Reforms, a full requirement by the USA prior to any RV. SECURITY so investors can flock into Iraq. Remember they are trying to establish a capitalistic democracy and not just a democracy. This capitalistic democracy machine, a combination of democracy and capitalism, takes on a new face as it gets turning and running…once it is moving the cash flows are amazing and all can benefit… The revaluation of their currency is just the aftermath of the process and many want to put the cart before the horse. Can’t be done! So we will just have to wait and watch while all the pieces are in place. Soon the engines will be running and Iraq will begin to run on full throttle. Then they will RV their currency somewhere in this process but we can only try now to predict when. The optimistic side is this is very nearly all done.
5-18-2015 Intel/Newshound Guru Backdoc JUST LIKE EVERYONE WANTING TO GET INTO IRAQ FROM MIDDLE EAST COUNTRIES, WE SEE THE SAME PROCESS OCCURRING IN VIETNAM! WHY? BECAUSE IN BOTH CASES THESE COUNTRIES KNOW WHAT IS COMING AND THE “BING, BAMM, BOOM” THAT IS ABOUT TO HAPPEN IS GOING TO RAISE ALL SHIPS FLOATING IN THOSE TWO REGIONS!! THEREFORE, EVERYONE WANTS IN WHILE THE GETTING IS GOOD!
5-18-2015 Intel Guru Jester THE BEST CONTACTS I HAVE SAY IT WILL BE A BIT OF TIME… AND I HAVE HEARD TIME FRAMES FROM MID SUMMER TO EARLY FALL…THE ONES SAYING SOONER HAVE NOT BEEN RIGHT YET AND THE ONES SAYING LATER HAVE… SO I AM BASING A LARGE PERCENTAGE OF THAT COMMENT ON THAT FACT.
5-18-2015 Newshound/Intel Guru BGG [I asked why the 250 notes are going for 2800 per mil and the 25k notes are going for 1050 per mil. With the way the 50s were brought in without a rate change, you would logically think the lower notes wouldnt be more valuable, at least not almost 3 times more, than the 25k notes?] supply and demand. Some investors want to buy and hold them for “post-shift”…AKA – RV, Value change, etc, etc. – the dealers know this so they can get a premium right now…which should be a dead giveaway as to where this thing is headed.
5-17-2015 Newshound Guru Millionday Article quote: “Rafidain Bank announced the issuance of a smart card for displaced families in all provinces of the country…” UNDERSTAND THAT THE CARD IS A MASTER CARD WITH ALL OF THE BENEFITS THAT ARE GIVEN GLOBALLY — IT IS MASTERCARD — IF YOU LOSE YOUR CARD IN SOME OTHER COUNTRY — THEY HELP — IF YOU GET PAID WHILE OUT OF COUNTRY — IT IS THERE — THIS IS MASTERCARD — AND BACKED BY MASTERCARD — GREAT GREAT NEWS. [So does this mean that the currency of Iraq is going to be internationally recognized? And what about the program rate. What is going to move/lift the program rate?] THE USE OF THE MASTERCARD OUTSIDE OF IRAQ WILL HAVE TO MEAN THAT THEY ARE INTERNATIONALLY RECOGNIZED LOGICALLY — BUT WE ALSO HAVE AN INTERNATIONAL COMPLIANCE ORDER BY CBI — SO THIS MAY BE COMING AND NOT HERE YET — WE WILL WAIT FOR INK AND MAKE NO GUESSES.
5-17-2015 KING of RUMORS and RUMOR Guru,s EVERYTHING IS GREAT…NO BAD NEWS…HANG IN THERE!
5-17-2015 Intel/Newshound Guru Backdoc VIETNAM BANKS ARE AMONG THE LARGEST COMPANIES IN THE WORLD IN RESERVES AND POWER. THE BANKS THERE HAVE CAREFULLY SHIFTED 80% OF STATE DEBT INTO DOLLAR DENOMINATED INSTRUMENTS. THIS IS MORE THAN HUGE! THIS IS AMAZING! THEY DID THIS HIDING IN PLAIN SIGHT! JUST RECENTLY VIETCOMBANK BOUGHT1 BILLION IN FOREIGN BONDS IN A DEAL CALLED “CLEVER”! IT APPEARS AS THEY SAY THEY ARE PREPARING THEIR FOREIGN RESERVES IN SUCH A WAY AS TO PROTECT THEM FROM A “SHOCK” FROM THE DONG HAVING A SHARP APPRECIATION. THESE BANKS HAVE BEEN ENCOURAGING FOREIGN INVESTMENT TO BOOST THEIR RESERVES WHILE CONSOLIDATING DEBT IN DOLLARS AND DESTROYING THEIR NOTE COUNT IMO!
5-17-2015 Intel/Newshound Guru Backdoc WHAT I FIND INTERESTING IS THAT IRAQ USED CURRENCY AUCTIONS TO REDUCE ITS’ NOTE COUNT BY SELLING DOLLARS AND PULLING IN DINARS. THEY WOULD SIMPLY DESTROY THEM OVER TIME TO REDUCE THE NOTE COUNT. AND NOW WE SEE OZ BEHIND THE CURTAIN USING CONTRACTS FROM COUNTRY TO COUNTRY TO REPAIR THE DINAR BEHIND THE CURTAIN. SOON IT WILL BE RE-INTRODUCED TO ITS’ “FORMER GLORY” BUT THE VND HAD TO USE A DIFFERENT STRATEGY. I BELIEVE WHAT THEY DID TO REDUCE THE NOTE COUNT IS EXACTLY WHAT IRAQ IS DOING NOW, USING CONTRACTS! BRILLIANT, RIGHT IN PLAIN SIGHT. WHY ELSE WOULD 80% OF THEIR DEBT BE IN DOLLARS? I THINK AN ASIAN SURPRISE IS IN THE MAKING RIGHT BEFORE OUR EYES!
5-17-2015 Newshound Guru Enorrste Article quote: “…the central bank has taken several measures to reduce the federal budget for the 2015 deficit, which exceeded the rate of more than 40%, including reducing the dinar exchange rate against the dollar, noting during their talk Agency / JD / that the reduction rate of the dinar against the dollar is a cure, but over because it will raise the rates of inflation and reduces the strength of the local currency, while the dollar swung the price will stabilize at 1300 dinars in the coming period.” The article is very clear in that the reduction in the value of the dinar has already occurred, since the rate now…is 1305. The CBI has stated that it will stabilize at 1300, so we may expect them to begin procedures to do just that.
5-17-2015 Newshound Guru Enorrste In no way does this threaten our investment, since the change has already taken place. More to the point, the “plan” as we know it is continuing forward in the face of this change from 1166 to 1305. Finally, I do not expect the official rate to change. This is an ameliatorive move on the part of the CBI to temporarily reduce imports and lower the deficit somewhat. The point to be made here, then, is that the introduction of the larger 50000 and 100000 dinar notes will still move ahead, thus reducing the paper in circulation by up to 75%, then the float will be instituted and the dinar value will rise.
5-17-2015 Newshound Guru tlm724 Article: “The Central Bank revealed higher cash reserve in May and is expected to continue” reserves just keep growing Wink…loving that, now bring on the value to match that wealth!