Iraqi Dinar Guru opinions 6-20-15
Iraqi Dinar Guru opinions 6-20-15
6-20-2015 Newshound Guru sczin11 WHAT IS GOING ON? CBI GOVERNOR IS ALL OVER THE PLACE! KEYWORDS THIS, KEYWORDS THAT..CAN YOU SAY..THE STUFF IS ABOUT TO HIT THE FAN? BIG RELEASES FROM THE GOVERNOR OF THE CBI TODAY, SATURDAY…THE FIRST SATURDAY BANKING DAY IN IRAQ, AND THE DAY BEFORE THE EMERGENCY FINANCE COMMITTEE MEETING…AND TWO DAYS AFTER THE COM CRISIS CELL MEETING…HE ADMITS BEING UNDER PRESSURE…HE STATES INFLATION IS NEGLIGIBLE…HE CONFIRMS REMOVING THE 8% TAX ON CURRENCY EXCHANGE EFFECTIVE TOMORROW, SUNDAY, JUNE 21, 2015…( when in fact, earlier in the week, it was announced July 1)…HE STATES MONETARY PLAN MODEL NEEDED FOR currency IN THE COUNTRY…HE CONFIRMS $68 BILLION IN BANK RESERVES…HE CLEARLY STATES THE RESERVES CAN COVER THE DINAR EXCHANGE RATE CONVERSION, BY 2 TO 1…
6-20-2015 Newshound Guru sczin11 IMHO, THE PREVIOUS STATEMENT JUST ABOVE, INDICATES A REDUCTION IN THE VALUE OF THE IRAQI DINAR IN CIRCULATION BY ABOUT 40%, SINCE BEGINNING OF THE YEAR WHEN RESERVES WERE STATED AT $80 BILLION…KEYWORDS CONTINUES TO STATE THAT THE THE PRICE OF GOODS TO THE CITIZENS WILL DRASTICALLY BE REDUCED IN A FEW DAYS (indicates increased purchasing power for the importers) AND IN SAME SPEECH, STATES OIL PRODUCTION HAS INCREASED…THIS IS MORE NEWS IN ONE RELEASE BY THE ACTING GOVERNOR OF THE CBI, THEN WE HAVE SEEN IN TOTALITY OVER THE LAST 10 MONTHS…THE MEDIA COVERAGE OF THIS PRESS CONFERENCE WAS HUMONGOUS… THERE ARE MANY MANY VERSIONS, SOURCES, AND OPINIONS…REMEMBER FOLKS, NEWS IS PAST TENSE IN MOST CASES…IT IS INFORMATION ON WHAT HAS ALREADY OCCURRED.
6-20-22015 Newshound Guru sczin11 AMNESTY LAW IS BEING PUSHED HARD FOR APPROVAL, EVEN BEFORE PARLIAMENT RESUMES ON JULY 1… EVEN REPORTS TODAY, STATING IT WILL BE APPROVED BEFORE EID, END OF RAMADAN…THEN WE HAVE PUBLISHED THE AMENDED NATIONAL GUARD LAW….HMMMM…WHY? WE DONT USUALLY SEE THE LAWS IN PRINT, BEFORE THEY GO TO THE HOUSE FOR READING AND VOTES…A MEETING WITH IRAN, DURING ALL THESE HAPPENINGS? And… INK THAT STATES ALL THE RHETORIC ON THE ISSUING OF THE LARGE DENOMS, 50 AND 100 K NOTES, WAS JUST THAT, THEY HAVENT BEEN EVEN DESIGNED YET…AND TODAY, THE NEW STATEMENT BY KEYWORDS, IS THEY WILL COME OUT BY END OF YEAR, AND 100K PROBABLY WILL NOT COME OUT…BY THE END OF THE YEAR HE STATES…IS THAT BECAUSE IT GIVES ENOUGH TIME FOR HIM TO BE REMOVED, AND THE NEW GOVERNOR INSTALLED…AND HENCE NO ISSUANCE OF THEM, THE LARGE NOTES, AT ALL…AND, DO NOT MAKE LIGHT IF THE APPEARANCE THIS WEEK, OF DR. SINAN AL SHABIBI, WITH THAT LONG, DETAILED, REPORT…THERE ARE REASONS AND PLANS….. WHAT DO YOU THINK?
Fact check, many articles out today quote the CBI Governor stating that 50,000 notes are in “print” to be released at the end of this year, lets see if they follow through.
6-20-2015 Newshound/Intel Guru BGG [We think that the solution to all their problems is the same solution to all our problems (i.e., increase in currency value)…obviously not the case. The politicians and bureaucrats seem to be comfortable in maintaining a status quo there that to us is haphazard at best. Who benefits…maintaining the status quo regardless of how meat headed it all is?] the main benefactors of “status quo” are…Iran…Maliki… Alak… various political entities who benefit in the current woeful situation. who stands to gain from changing the “status quo”? everyone else. (this includes you, me…and everyone in Iraq)…and since MR [Monetary Reform] in Iraq will obviously have some impact on their neighbors…ask yourself why they are meeting with Iran, Turkey, the Saudis, Kuwait… in Jordan ( who BTW have offered SF troops)…ask yourself why all these “meetings” while they obviously have other very important priorities in their western provinces?
6-20-2015 Newshound Guru My Ladies I AM NOT SAYING I KNOW WHEN THIS WILL HAPPEN BUT I INVESTED IN THE DINAR AFTER CAREFULLY LOOKING AT IT AND REALIZING THAT WHAT GOES DOWN WILL EVENTUALLY CLIMB BACK UP. IF WE LOOK AT ALL THE BASEL REQUIREMENTS AND THE MASSIVE CHANGES TAKING PLACE IN THE MIDDLE EAST AND EUROPE TODAY RIGHT NOW AND WE CAN SEE OUR INVESTMENT IS SOUND. EMERGING MARKETS ARE TAKING THEIR PLACE AND IRAQ IS NO DIFFERENT, THEY HAVE A WAY TO GO YET I THINK BUT THEY ARE FOLLOWING ALL REQUIREMENTS SET FORTH BY THE IMF AND OTHERS. HOW WILL ALL MARKETS CORRECT AND EMERGE AND IRAQ REMAIN IN NEUTRAL? I DON’T THINK IT CAN. JUST LIKE ANY THING ONE MIGHT BE INVESTED IN, STICK WITH IT, THIS WAS NEVER INTENDED TO BE A GET RICH QUICK SCHEME. WE HOLD ACTUALLY CURRENCY IN OUR HANDS AND HAVE EVERY REASON TO EXPECT IT WILL RETURN TO ITS VALUE ONE DAY.
6-19-2015 Intel/Newshound Guru tman23 Iran is looking to extend everything as long as possible because their sanctions wont ease until January…Then they are meddling in Kurdistan trying to delay the elections with a move to permenant replace Barzani as president… The KDP and Barzani have a clock ticking… they cannot afford to waste more time on Baghdad BS… otherwise their position will be compromised… End of the road …JUNE! Abadi has to put up or shut up!
6-19-2015 Newshound Guru Breitling Here’s the thing people don’t understand…they don’t need perfection for it to gain value. With all the drama going on it could be 30, 40 50 60 70 cents who cares? It’s not going to be the $3 rate. It’s not going to be a buck fifty or anything like that but that’s what people don’t realize. Don’t get confused with all the drama that it’s going to stay at a tenth of a penny, it shouldn’t be at a tenth of a penny anyway. the reason it’s at a tenth of a penny is because we are allowing them to “cheat” so they can rebuild their infrastructure just like Japan…just like Germany…go back through the history again. so there is a very good reason and not only that but we are also watching their infrastructure being built. Where these entities are throwing money into Iraq…they are establishing. What is the representation of that? the ISX…so you’ll see the index build up and those are the indicators. There is a lot more coming down the road that I’m watching and very very excited about. There is going to be a lot of moves made coming out of Iraq regardless of what happens with the drama.
6-19-2015 Intel/Newshound Guru tman23 I have said end of June is the end of the road… There is no more road left for the Baghdad procrastinators to kick the can down…And as PROOF…we now see the Kurd delegation heading to Baghdad next week…This is not a negotiation that is going to take place… The Kurds will tell Abadi, not Abadi telling the Kurds! This is the “breaking point”. All I can say is… This IQD revaluation is complete speculation…That is why we are all here! The HEAT is on and the opportunity for us speculators doesn’t get any better than the position we sit in right now… The GOI must make a move…how that plays out for us remains to be seen… I am not negative to any of what is happening…Quite Frankly…IT IS WHAT WE HAVE BEEN WAITING FOR…THE GRAND FINALEE!
6-19-2015 Newshound Guru Kaperoni [Make a person wonder why they are so set against raising the value of the dinar.] I do not see Iraq against raising the value…its more about setting the stage or creating the right environment so the dinar will succeed. If you believe the plan, and the IMF documentation, they must pass the laws, rid the country of violence or and ISIS so investors want to come to Iraq. If they do not, the launching of the currency will fail. If you think about it, if Shabibi wanted to, he could have continued to appreciate the dinar all the way up to 1 to $1 or greater back when he started in 2003-2004 with the new dinar.
6-19-2015 Newshound Guru Kaperoni He didn’t…in fact he stopped at a number (1000:1) that I think was predetermined as part of the plan to lure investors at a fair risk/reward price. I believe that was for a reason..one of which was to leave enough room to develop the oil sector (the first appreciation) and the market economy is next step using the dinar to absorb the inflationary pressure created by the influx of investors and investment. So I know it gets frustrating, but once the stage is set, I am a strong believer the appreciation of the dinar will be part of that phase.
6-19-2015 Newshound Guru OOTW THIS IS A GREAT SIGN THAT WE MAY ACTUALLY SEE THE TARIFFS IMPLEMENTED IN AUGUST. HOW CAN THEY DO THIS IF THEY DON’T GIVE THE PEOPLE BUYING POWER? Article Quote: “the high price of the dollar against the local currency has many reasons, including to pressure the government on the other hand, the citizens until there is a negative impact against the government.” THIS STATEMENT IS SAYING THAT THE CITIZENS ARE BEING HARSHLY IMPACTED VIA THE CURRENCY REGULATIONS…WE’RE SEEING CONFIRMATION…FROM THE MINISTRY OF TRADE THAT THEY’RE GOING TO INSTALL THE TARIFFS IN AUGUST. PEOPLE CANNOT AFFORD THIS, AS WE KNOW, MOST IRAQI’S LIVE BELOW THE POVERTY LINE, AND IF THE GOVT IS GOING TO BE ABLE TO GO THROUGH WITH IMPLEMENTING TARIFFS, THEY HAVE TO GET THIS UNDER CONTROL SO EVERY DAY IRAQIS CAN AFFORD TO PAY THEM.