Iraqi Dinar Guru opinions 7-2-15
Iraqi Dinar Guru opinions 7-2-15
7-2-2015 Newshound Guru Enorrste The plan, as I understand it, is to issue the large 50000 and 100000 notes in order to do two things: reduce the demand for the dollar within Iraq and allow for a reduction in the money supply. If the first does not happen, then the second cannot happen. Without a reduction in the money supply the value of the dinar will not rise. Actually, to put it more accurately, unless there is upward pressure on the dinar value the money supply cannot be reduced. Therefore, if the introduction of the large notes does not stem the demand for dollars then there will be no way to wean the country off of dollars and back to the dinar. Without more upward pressure on the dinar, the longer term plan is in jeopardy.
6-2-2015 Newshound Guru Enorrste Having said that, however, I believe that the CBI may have some other cards up their sleeves, although not many. A lot is riding on the large note introduction. It is essential in the mind of the CBI that the downward pressure caused by dollarization in Iraq be stopped, at least, before a change in the exchange rate regime is initiated. …Allaq’s statements indicates that he may believe that he can still stabilize the dinar’s value through the auctions, as was done before. Once the currency value is stabilized then, in theory, they could move to a float. But the real desire, in my view, is to put upward pressure on the dinar, and the “hope” is that the introduction of the large notes will start that process away from the dollar. In the end, as KAP [Guru Kaperoni] has said many times, only investment within Iraq will ultimately provide the upward pressure that will significantly raise the dinar value. But at this point they have to stop the “bleeding” of the downward spiral in the dinar and the “running away” from it in favor of the dollar. It is a tricky time.
7-2-2015 Intel/Newshound Guru tman23 In 2011, Dr. Essawi (Finance Minister) and Dr. Shabibi drafted a Letter of Intent to the IMF… In this letter they described the policies to be initiated in which the major focal point was meters being installed at all oil production and export stations…This was near completion at the time of the LOI as stated in the letter…The Kurd region agreed to the monitoring meters in February 2014…The meters began “LIVE” reporting January 2015… The IMF regarding currency policy changes and revaluing… The IMF states; Specific laws DO NOT need to be in place… as long as they are in the process… That said; The CoM has drafted the laws…The Minister of Justice has reviewed and published them in 3 languages…The CoM has sent them to Jabouri and he has introduced them in Parliament… By IMF standards…The laws being in Parliament and in progress is good enough for a rate change… The oil meters are in place…electronically read!
7-2-2015 Newshound Guru Millionday TODAY IS FIRST DAY OF PARLIAMENT SESSION. THE IMPORTANT LAWS THAT COULD NOT BE AGREED ON ARE BEING PASSED THROUGH BY EXECUTIVE ORDER (THREE PRESIDENTS) ACCORDING TO REPORTS AND PARLIAMENT IS WORKING ON THE REST THIS WEEK. THE INVESTMENT LAWS WERE AGREED ON SO PARLIAMENT IS EXPECTED ACCORDING TO REPORTS TO FINISH THEM TO LAW. THE AMENDMENTS THAT WERE DONE WERE TO ATTRACT AS MANY INVESTORS AS THEY COULD.
7-2-2015 Newshound Guru Millionday TWENTY LAWS ARE SITTING WAITING FOR PARLIAMENT TO PASS RIGHT NOW — REPORTEDLY THEY WILL ADDRESS THE MOST IMPORTANT LAWS FIRST… PARLIAMENT HAS STATED THAT THEY ARE PREPARED SERIOUSLY TO PASS THESE LAWS. FINALLY A PREPARED HCL IS IN PARLIAMENT AND THE AMENDMENTS COMPLETE. THEY HAVE STATED IN A FEW REPORTS THAT IF THE LAWS ARE CONSTITUTIONALLY SOUND THEY ARE GOING BE PASSED. MANY LAWS ARE SITTING SO ALL CAN BE PUT IN PLACE AT THE SAME TIME.
7-2-2015 Intel/Newshound Guru Poppy3 STANDING ON NEW RATE THIS MONTH…JUDGING FROM THEIR WORDS AND ACTIONS WE ARE LOOKING VERY GOOD THIS MONTH.
7-1-2015 Newshound Guru tlm724 Article: “Abadi adviser: financial crisis a lesson for Iraq for the advancement of its economy and diversify sources of income” Saleh said Tuesday that the government is seeking to diversify the investment of oil revenues to develop some types of manufacturing, agricultural and service sectors. “Iraq is heading to the manufacturing, agriculture and services produced and not rely on oil.” that would be a free market economy.
7-1-2015 Newshound Guru Chattels [so basically the 3 presidents don’t need to wait on parliament to vote the laws through?] [THEY HAVE THE RIGHT TO USE EXECUTIVE ORDER FOR THE GOOD OF THE COUNTRY.] WHAT! EXECUTIVE ORDER? THE THREE PRESIDENTS, INDIVIDUALLY OR IN CONCERT, HAVE NO CONSTITUTIONAL POWER TO ENACT LAWS. CONSTITUTIONALLY, LAWS ARE ENACTED BY PARLIAMENT ALONE. PERIOD. END OF STORY. I FIND NO CONSTITUTIONAL BASIS FOR TRUNCATION OF SUCH PROCEDURES… THERE IS NO ” FAST TRACK ” FOR LEGISLATION…
7-1-2015 Newshound Guru Enorrste Article: “Parliamentary economy reveal the 50 thousand dinars coin put into the market this month” This is great news. It confirms my analysis, on the one hand, including the fact that they are moving forward more quickly. But it also puts to death the talk of a 50000 note marked 50 dinars, which will not occur until the value increases significantly. If we are lucky the 50000 note will become more attractive to the locals and the demand for the dollar will be assuaged. To the extent that this happens I predict that the 100000 note will be stepped up to no later than the 3rd quarter of this year. If, on the other hand, the 50000 note does not lower demand for the dollar, then all bets are off.
7-1-2015 Newshound Guru sczin11 JORDAN BANK IN MOSUL STATES BUSINESS AS USUAL…MULTIPLE RELEASES AND VIDEO INTERVIEWS, THAT BANKS ARE OPERATING IN MOSUL, LIKE NORMAL! …WHY IS THIS SUCH IMPORTANT INFORMATION? MANY HAVE CLAIMED NO potential change in value UNTIL ISIS OUT OF MOSUL…MANY HAVE STATED EITHER MOSUL BANKS WERE CLOSED OR RUN BY ISIS…MANY HAVE STATED WHY WOULD CBI potential change in value AND GIVE ALL THAT MONEY TO ISIS SINCE MOSUL IS RUN BY THEM…MANY HAVE STATED ISIS IN SUCH CONTROL OF THE COUNTRY THAT MR CAN NOT BE COMPLETED…WE HAVE HEARD REPORTS OVER LAST MONTH THAT MOSUL WOULD BE, IS, OR WILL BE LIBERATED SHORTLY…HEARING AND READING ALL THESE RELEASES, IS CONFIRMATION TO ME, THAT ISIS IS NOT HINDERING THE COMPLETION OF THE MONETARY REFORM, AGAIN, JMHO…
Fact check, it was announced by the CBI that all banking offices in Mosul stopped working over 1 year ago after ISIS took control, they control the money supply, just read the news and you will see.
7-1-2015 Newshound Guru sczin11 LIKE MOST EVERYTHING ELSE WE READ, THE NEWS HAS HAPPENED, PAST TENSE…SO THE QUESTION REMAINS, WHY RELEASE THIS NOW? MORE DIVERSION FOR SOMETHING BIGGER TO HAPPEN OR BE RELEASED, THAT SEEMS TO BE LOOMING IN THE LIMELIGHT…SOMETHING IS HAPPENING…OH AND WAIT…DR. SINAN AL SHABIBI, SPEAKS AFTER SIX MONTHS OF SILENCE, SINCE HIS ACQUITTAL! HAVE WE HEARD ANYTHING FROM THE BANKS IN MOSUL SINCE JUNE 10, 2014, OTHER THAN ROBBED, CLOSED DOWN, CONTROLLED BY ISIS, ISIS MONEY BEING USED…AND TODAY WE HEAR FROM THE BANK OF JORDAN, REFERRING TO INTERVIEW OVER A MONTH AGO…. WHY MY FRIENDS???
7-1-2015 RUMOR Guru Mnt. Goat So Ramadan is now in progress… Ramadan continues to July 17th in Iraq and it will have little impact as to whether the RV happens or not. Two other events having little to no impact on the RV are the Iranian nuclear negotiations and the Greece bailout. So it has been many weeks already since the MASTERCARD implementation has taken place for Iraq. Many are using the cards abroad for spending but still NO RV. I have told you there would be NO IMPACT on the RV. If you are now going to ask me for a laundry list of exactly what must be done in order to complete the RV requirements I am sorry to disappoint you. There is no such list. No one is monitoring these events in relation to bringing back their currency online and completing Article 8 of the UN charter. Instead it is all about a satisfactory level of needed security and stability in Iraq. The RV will just happen and be a byproduct.
7-1-2015 Newshound Guru Kaperoni Article: “Parliamentary economy reveal the 50 thousand dinars coin put into the market this month” Looks to me they are speeding up the implementation. I remember [Guru] Enorrste on several occasions also stating he thought they would implement it sooner than later.
7-1-2015 Newshound Guru tlm724 Article quote: “noting that” the World Bank warned of the repercussions of the washing process taking place in Iraq, and the failure of the extremely dangerous.” they have been warned and how! it is about to bite them in the butt unless they take quick action! …it’s in everyones best interest, the IMF, World Bank and UN to ensure Iraq follows the rules, that is why this is like a kick in the rear to motivate them to take corrective action NOW! It’s truly a do or die situation and it only furthers our cause. they MUST pass the Islamic Banking Law and amend the anti-money laundering law and the banking law period! They are a separate entities from the budget! And remember the Governor of the CBI meet with Jubouri last week and said we must have these laws done! They have a 3 month window for compliance and we do not know when that window began!