Iraqi Dinar Guru opinions 5-26-15
Iraqi Dinar Guru opinions 5-26-15
5-26-2015 Intel Guru Delta It looks like the Parliament had a meeting with the leaders to pass 20 pending laws…they’re ready for voting. They’re going to accomplish this in the next 3 days. One of the most important is the investment law… The revaluation is to increase the rate and this law will help Iraq do that. Everyone knows that the CBI is coming out with the 50 and 100 dinar…still confusion that it’s a 50,000 and 100,000 but it’s not…it’s just the value. Abadi said this is what we need because we need the money supply, easier to carry around and something they don’t have to use like US dollars. It looks like the rate will change before they introduce the lower denominations and 24 – 48 hours we should see the lower denominations along with the 20 laws to pass this week and the activation for the private sectors we’ve been waiting for…the new rate is one of the anchors for the private sector and economy.
5-26-2015 Intel Guru Delta they’re ready to go, we’re very, very close and they have to keep moving…the banking system is ready and there’s a lot of pressure. The financial committee said JUST LIFT THE 000’S so you can move forward. I believe they’re waiting for the right timing. …if they do it during Ramadan it’s going to be confusion, but if they do it a couple of weeks before, they’ll use the dinar and not shock the market. …the longer they go without a RV, the longer it’ll be for the next window and they can’t do it until the mid-July or end of July… Can they wait, yes, but the longer they wait, the more issues they’ll have. the next window is from now to the first week in June…we know it’ll be 85-86 cents.
5-26-2015 Intel/Newshound Guru Poppy3 GOTTEN SEVERAL EMAILS OVER THE WEEK END AND EVIDENTLY SOME [ONE] HAS AGAIN BEEN SAYING THAT BANKS ARE TRAINING NEW EMPLOYEES FOR A RUN ON THE BANK WHEN THE RV HAPPENS. …IN AMERICA LESS THAT 1% OF PEOPLE EVEN KNOW WHAT A DINAR IS MUCH LESS ARE INVESTED IN THEM. SECOND MORE THAN 80% OF AMERICANS ARE PAid on friday YET ON FRIDAYS WHEN MOST BANKING IS DONE WEEKLY THERE ISNT A RUN ON THE BANKS THAT REQUIRES MORE TRAINED TELLERS…THERE WILL NOT BE A RUN ON THE BANKS…ALL IS WELL AND YOU WON’T HAVE TROUBLES EXCHANGING YOUR DINAR ONCE WE GET A RATE TO WORK WITH.
5-26-2015 Newshound Guru Millionday Article quote: “The emergency meeting, which was held in the presence of Parliament Speaker Salim al-Jubouri in the House of Representatives aimed at resolving differences over the broken laws and the possibility of reaching agreement on them and present them to vote at the meeting on tomorrow.” THEY ARE WORKING TODAY [MONDAY] TO RESOLVE LAWS TO HOPE TO VOTE THEM ALL IN TOMORROW [TUESDAY]. WHOOOPOW.
5-26-2015 Newshound Guru Kaperoni …i look forward to Abadi launching the inititive for a market economy next week. This will hopefully create some momentum. there is a clear plan…introduce a 50k to consolidate the physical notes…that will happen within weeks…has no effect on the rate. then when stability sets in, they will initiate the change in exchange. if Abadi’s plan works, and the market economy begins to take off, it will create momentium and stability…the more stability, the more investment and it appears that Saleh wants to initiate the prjects by 2016. So the dinar will begin to rise then. And we shall see the dinar appreicate over the next few years…eventually, the zeros will be deleted as the dinar rises… unfortuatly, now is not the time…so we wait…i wish they would start now but they made it clear its not the time. the proof will be the new 50k coming out in a few weeks or less unfortuately we are going to have to sit and relax for a few months.
5-26-2015 Newshound/Intel Guru BGG Article: “Central bank of Iraq to issue large-value banknotes” Quote: “In an important step to support the economy through monetary reform, the Central Bank of Iraq plans to issue banknotes with larger values than the ones in circulation…” they plainly said “large value notes”…Large value – NOT LARGE…WOW! [Please give an example of Large —VALUE note.] by their own admission – a 50 Dinar note worth $43.00 – that would be a large value note. looks like things are about to get interesting.
5-25-2015 Intel/Newshound Guru tman23 In an interview given to CNBC at the World Economic Forum in Jordan, Kurdistan Region President Masoud Barzani has warned Baghdad that a failure to resolve the budget issues will lead to the KRG selling oil independently. Either Iraq will commit to the agreement that they have and will pay the Kurdistan Region or, in another case, if they don’t and fail to pay Kurdistan, then we will be selling our own oil and collecting our own revenue,” he said, saying that the deadline for cooperation is just “one or two…months” away… Barzani statement from DAVOS economic forum…and is in INK… Baghdad has about 1 month to begin paying …2 at the most! So we can assume that 1.2 billion is expected in full in by mid July at the latest or Kurds will collect their own oil and collect their own revenue…Abadi said a few weeks ago that starting July Iraq would be able to make all payments in full and on time… And in January he asked citizens to be patient until June.
5-25-2015 RUMOR Guru Mnt Goat …the CBI needs a sound level of SECURITY in Iraq to bring back the currency. The USA agrees with their decision to hold off until this SECURITY level is reached. It is now up to the CBI to determine this needed level since it is their country. Let me say the GOI does not like this delay and will do everything in their power to circumvent the CBI in this matter. They are supposed to be working together on this event but apparently they are still at odds. In the long run the USA has the ultimate power to decide to complete the rollouts of the new rates to the currency exchanges and the RV can not happen without it. I am told they will NOT do it without the full support of the CBI (and not so much the GOI).
5-25-2015 RUMOR Guru Mnt Goat …now we see the resurfacing of the Mastercard contract with Iraq. I want to tell you this does not put any more pressure on Iraq to RV but is a good sign since it a progression in the plan to see the RV shortly. Iraq can begin using these cards to payout on these special welfare like programs TOTALLY UNAFFECTED BY THE RV? THEY DO NOT NEED A revaluation TO BEGIN THESE PAYOUTS! It seems we are hearing great news on many laws going into the next parliament session for the final vote and then they never reveal what happened until eventually we see them in the gazette. We are expecting a bundle of laws placed in the gazette all at once in a close proximity of timeframes when they are ready. NO SECURITY, NO NEEDED LAWS, THUS NO RV!