Iraqi Dinar Guru opinions 6-17-15
Iraqi Dinar Guru opinions 6-17-15
6-17-2015 Intel Guru Frank26 Security may now be a foregone conclusion. Security may be a different need within the cities, but internally with S [Shabibi] and his teams, they need security. IMO the troops are in the thousands and thousands and the weapons are superior – security is there! Now a different type of security is evolving within their CBI and banks…all they need to lift the 000’s to be in position it all needs activation. Everybody knows the true value of the Iraqi dinar right now. Example…why would anybody risk to steal 800 million dinars…
6-17-2015 Newshound Guru Millionday Article quote: “…the text of the amnesty law, which was voted on Tuesday in the Council of Ministers and submitted it to parliament.” THE AMNESTY HAS MADE IT THROUGH COM AND IS IN PARLIAMENT…THE LAW IS LONG SO WE WILL WAIT FOR FINISHED LAW – KURDS WERE ASKING FOR THAT A LONG TIME AGO.
6-17-2015 Newshound Guru sczin11 MULTIPLE VERSIONS OF THE REASONS FOR THE DECLINE IN THE VALUE OF THE IRAQI DINAR, ALL OVER THE MEDIA…JUST KNOW, THIS IS THE RHETORIC OF THE WEEK…MAKE THE WORLD KNOW, THERE IS LIQUIDITY PROBLEMS IN IRAQ…THERE IS FIGHTING BETWEEN GOI AND CBI…THERE ARE MAJOR ACCUSATIONS AND THEORIES AS TO WHAT CAUSED THE DECREASE IN THE VALUE OF THE DINAR AGAINST THE US DOLLAR…THERE IS FINGER POINTING, THERE ARE MORE MEETINGS BEING CALLED FOR TO DISCUSS THIS ISSUE…THE CABINET WILL MEET THURSDAY…THE FINANCE COMMITTEE WILL MEET SUNDAY…THE CBI WILL BE CALLED ON…MY OPINION, AS HISTORY HAS SHOWN…WITH ALL THIS TALK… SOMETHING IS BOUND TO OCCUR… SOMETHING IS GOING ON BEHIND THE SCENES!
6-17-2015 Intel Guru Delta [Do you believe that the amnesty law has been passed?] I do believe we are watching that and the investment law (IMO). We may see some type of emergency meeting during Ramadan. Without the investment law…Article 8 isn’t going to make any sense at all. IMO…no more laws are needed because if they went to Turkey and talked to them about bonds for 2 days…what are the requirements for them to sell bonds? An international rate!
6-17-2015 Newshound Guru Kaperoni …technically…the dinar could remain weak, but the statements about increasing the value of the dinar are not just words but based on sound merit. Both the WTO accession committee and the IMF have encouraged the dinar to be valued higher. In fact, it was once stated by the accession committee that full accession would not come..”until the dinar is more on par with the dollar.” So there is a real sense that the dinar is undervalued and needs to have a correction…getting off the peg and floating the dinar is the best solution to accomplish that.
6-17-2015 Newshound Guru Adam Montana Here’s what’s going on: Today starts Ramadan. With the lack of major news in the last month, I don’t see an RV until after July 17, when Ramadan is over. Unless we get an announcement today, I’m thinking it’s not going to happen during the holiday.
6-17-2015 Intel Guru SteveI [I love the Fact the people are getting seriously involved and pushing for their currency to be worth something, let the people speak and without fear!] The citizens have been promised for years this was going to happen (increase in value that is close to the USD), so they best get the job done before it goes from peaceful to not so peaceful demonstrations!
6-16-2015 Intel Guru Delta …the dollar is dominating in Iraq again – breaking records in all of Iraq. The exchange rate is close to 1340. About 1,400 dinars to the dollar. The media is slamming the CBI big-time because of this. They know Ramadan is coming up…and the citizens are all talking about the high prices to buy things. They can fix their problems by changing the monetary policy. The citizens, the GOI…everybody knows a change is coming. The articles say that things must change sometime next month…and after they make that change…they no longer will use the USD. Iraq is one of the most wealthy nations on earth but yet they have no cash on hand….they don’t have the liquidity and only ONE THING CAN SOLVE THAT! The CBI must change the monetary and currency reform and basically give their currency more value so that way they have more liquidity.
6-16-2015 Inel Guru Delta Parliament said that the Iraqi dinar would be very close to a dollar. Abadi said that change is coming…that the wealth of the citizens will return like it was before the sanctions. Again this is NOT rumors…this is from the CBI. Is something going to happen during Ramadan? Ramadan is basically fasting…During Ramadan (June 17th to July 17th)…life and work still goes on. Banks are open. It’s business as usual. …when the CBI reprinted the new security features on the 25k and 10k notes…they distributed those last year during Ramadan. So Ramadan is not a holiday. The CBI can change anytime they want. Anything could happen. Change is coming and it will be a good change!
6-16-2015 Newshound Guru Kaperoni I don’t know if it would ever happen, but the only person that could instill immediate confidence in the banking system and return the dinar to a manageable rate is Shabibi. But Maliki would have to go first before he would ever consider coming back. Not to mention at his age, he may not want too.
6-16-2015 Intel Guru Frank26 [via FrostyTheSnowman] What is going on with the Qi-Cards? The citizens seem angry…they don’t want to come into the banks … but they have another way to move things along. They put money on the Cards…to test them. They have millions of dinars on them … they just haven’t released them to the citizens yet. Only Dr. Shabibi knows what’s going on. Dr. Shabibi is the Governor of the CBI. He has the permission to release the rate – no one else! Many things are ready to be activated. The amnesty law is key…The amnesty law will protect the citizens and Dr. Shabibi. Everyone is ready and wanting Dr. Shabibi to use the green-light. Iraq is not planning on staying with the program rate of 1166! They are not giving up. They are not telling the IMF that they are not going to use the green-light! Dr. Shabibi continues his chess-movement…moving from check…to checkmate…(very soon…in my opinion). Nothing can stop this…Nothing cannot stop the monetary reform – not even our President.
6-16-2015 Newshound/Intel Guru BGG It is highly unlikely Dr Shabibi is “advising” the CBI…Highly unlikely. He may have some consulting capacity with the IMF or the GOI (at an arm’s length) – but think about it …Why would Alak bother to listen to anything Dr Shabibi has to say? Alak has close ties to both Maliki and Iran. [Aren’t they on opposite teams so to speak?] Yes, and … Maliki tried to have Dr Shabibi thrown in jail…Maliki filed “trumped up” charges against Dr Shabibi…Maliki is a historically on the side of “weak Dinar policy” – mainly due to Iranian influence. So – if the inverse is true – we might assume Dr Shabibi is the opposite – or somehow differing in views… So I ask again – Why would Maliki – Alak – or Iran care what Dr Shabibi has to “advise”? They don’t…
6-15-2015 Intel/Newshound Guru tman23 The fact is that the GOI and CBI are in a battle…The only thing that helps Iraq is purchasing power… I will even go out on a limb to say…Europe now faces more austerity measures…Greece faces bankruptcy and dropping out of the Euro… Picture a dam with a large block missing in the middle…no matter what you do to try and maintain the water level it will remain a never ending cycle until the “hole in the dam is blocked”… Austerity measures usually include more taxes…Iraq austerity has already cut payments 50% – 80% and are still running a 30% deficit… Taxes hardly fill that gap…and since oil revenue was a base for infrastructure development the unstable production and prices squash the revenue being directed towards development. The IQD revalued is the block in the dam. The IQD revalued is GOI purchasing power and answer to the deficit.
6-16-2015 Newshound Guru Kaperoni Article: “The central bank to take new action to stop the decline of the dinar” Quotes: “decided to consider Saturdays of each week normal working days,” noting that “this action will be effective in the day on Saturday the 20th of June the current.” & “decided to reduce the deposit period for feeding the external accounts of banks amounts.” The bank added that the “reduce the deposit will be from ten days to five days, and as of next July.” Well so now we know what the new measures are…they are going to sell on Saturdays and they are going to increase the amount of dollars. It continues to amaze me that for years the IMF tells them the same thing all the time, yet this is about the 5th time over the last 8 years they do the opposite..as if they think they know better and the result is always the same…the market rate slides. There is really no excuse for such poor management of the currency which all started with Maliki interfering.
6-16-2015 Intel Guru Frank26 …our studies of 30-40 cents is not going to work based on what Shabibi is doing all over the place. And, if the rate came out to $3+, the rate would be detrimental to the reform, IMO…the banking structure not only in Iraq but worldwide, wouldn’t be able to sustain a $3-4 thrust…based on what we’ve been studying for the last few weeks and…one reason is they need to educate the citizens. We believe this will bring it to a 1 (Iqd) to 1.16 (usd) because the exchange rate 1166…the engineering of the mathematics have been pounded with the monetary reform very well. As much as there was confusion with this rate, that rate, whatever…we come to you with a strong opinion that this roughly 98 cents to $1.16 is somewhere in that range in their calculations.