Iraqi Dinar guru opinions 7-29-15
Iraqi Dinar guru opinions 7-29-15
7-29-2015 Newshound Guru My Ladies Perhaps we are misleading people or using the improper verbiage or not getting our point across thoroughly…Neither [Guru] Nova or I said…anything that the Central Bank of Iraq isn’t saying. I don’t know and Nova doesn’t know if 1095 is going to be the exchange rate of the Iraqi dinar. What we said is the Central Bank of Iraq said they are selling bonds — their verbiage was “abroad” — at a rate of 1095 to 1 USD. They’re selling it in dinar. Again, this isn’t Nova and me saying these things. This is the CBI and ISX. This was formal, on their letterhead…Now, what Nova and I said is that the Central Bank of Iraq, the Government of Iraq, or anybody can’t sell bonds abroad, international, whatever word for outside the country, without having an exchange rate. Are Nova and I saying that 1095 is the new exchange rate for the Iraqi dinar? No. The reason this is happening is because the GOI has no money. The GOI is broke, and they can’t get dinar from the CBI. They have to create an event in order to raise the funds they need. The whole thing is they’ve turned the engine on, and it’s wonderful.
7-29-2015 Newshound Guru sczin11 [what do you believe is standing in the way of these laws being pased?] IMHO, TIMING…THEY ARE WAITING ON SOMETHING…NOT SURE WHAT…COULD BE MALIKI. I THOUGHT TODAYS AGENDA WOULD BE FULL…IT WAS NOT…I THOUGHT THEY WOULD MEET TOMORROW [WEDNESDAY]…THEY R NOT..THURSDAY IS LAST SESSION OF THE MONTH. TARIFFS WERE TO START SAT, BOND SALES SUN, TRANSFER OF POWERS NEXT WEEK, LESS THAN 2 MONTHS FOR MONEY LAUNDERING LAWS, LESS THAN 2 MONTHS FOR FACTA LEGILSATION. I AM VERY ENCOURAGED ABOUT THE NEED NOW TO ACCOMPLISH WHAT THEY STATE THEY WANT TO DO NOW…BUT, THEY HAVENT PROVEN THEIR HASTE TO ME YET…THEY ARE MOVING FORWARD, DONT GET ME WRONG, BUT IF I WERE IN CHARGE, I WOULD BE EATING MY WHEATIES EVERYDAY… EARLY IN THE MORNING.
7-29-2015 Intel/Newshound Guru Poppy3 Article: “World Bank gives Iraq two months to approve the anti-money laundering law” SEEING THIS FOR REAL IN INK IS A REAL EXCITING NEWS POST. IT ALSO CONFIRMS WHAT WE HAVE SAID FOR A COUPLE MONTHS THAT THEY HAVE (THE WORLD BANKING LEADERSHIP ) LIKE US…HAVE BELIEVED AND THOUGHT THIS SHOULD HAVE ALREADY BEEN COMPLETE. LETS ALL HOPE THEY ARE CLOSER TO FINALIZING ALL THE NEEDED LAWS, ETC. THAN THEY HAVE MADE PUBLIC…THIS IS HUGE NEWS AND A CONFIDENCE BUILDER.
7-29-2015 Intel Guru Frank26 WE ARE FOCUSED ON AUGUST THE FIRST TO SEE IF THE TAX AND TARRIF LAWS COME OUT AND TO SEE IF THE BONDS ACTUALLY START SELLING…BOTH IN AND OUT OF IRAQ. WE BELIEVE THE DOMESTIC BONDS WILL BE SEEN AT THE 1095 LEVEL TO ENTICE THE IRAQI CITIZENS TO COME INTO THE BANKS AND TO INTEREST THEM IN PARTICIPATING IN THE SALE OF THE 2 BILLION IN DOMESTIC BONDS. THIS CHANGE FROM 1166 IS THAT “ATTRACTION” OR ENTICEMENT THAT DR. S [SHABIBI] KNOWS IS NECESSARY AT THIS TIME. ONCE THE DOMESTIC BONDS ARE OUT THEN WE WATCH FOR THE INTERNATIONAL BONDS TO SHOW AND JUST AS THE DOMESTIC BONDS NEEDED TO BE ATTRACTIVE SO DO THE INTERNATIONAL BONDS AND WE LOOK FOR THAT “ATTRACTION” THAT WOULD BE TIED TO THEM.
7-29-2015 Intel/Newshound Guru tman23 There are 2 types of news in Iraq… The news we get from press releases and then the news on the streets which is only for Iraqi’s… And inside Iraq they are trying to hold it together with more talk…But the reality is, it is about to explode internally if they do not come up with immediate solutions…and those solutions require money… LOTS OF MONEY!!!
7-29-20215 Intel/Newshound Guru Poppy3 DO THEY WANT TO GET THE PEOPLE PAID? ANSWER YES AND HAVE STATED SO SEVERAL TIMES. DO THEY NEED THE FUNDING FROM THE LOANS – YES. DO THEY WANT/NEED/EXPECT THE TARIFFS AND TAXES? YES AND HAVE SAID SO SEVERAL TIMES. DO THEY NEED AND HAVE PROMISED THE BUDGET FULLY FUNDED — YES AND HAVE DEMANDED IT BE DONE AND ALL THESE THINGS TO BE COMPLETED IN THE MONTH OF AUGUST. HMMM NOW I HAVE BUILT MY EXCITEMENT TO A LEVEL THAT I CAN DANCE.
7-28-2015 Newshound/Intel Guru BGG [Is it True Iraq has 60 days to RV?] not exactly – the WB [World Bank] has given Iraq 60 days to deal with their money laundering issue…which should, at some point shortly after they do – open the door for a very different regime… (more PRO-currency reform) – short answer…it is far more possible once they satisfy the WB.
7-28-2015 Newshound Guru My Ladies & Nova ANNOUNCEMENT… “ANY COMPANY OUTSIDE IRAQ INTERESTED IN TRADING ELECTRONICALLY ON THE ISX MUST SUBMIT THEIR OFF IN WRITING BEFORE AUGUST 27TH AND THEY MUST INCLUDE WHO THEIR REPRESENTATIVE WILL BE.” I HAVE OFFICIAL NEWS THAT THE RATE IS GOING TO BE 1095 AND IRAQ WILL BE OPEN FOR TRADING 8/2…SO WE SEE THEY ARE ALLOWING ONLINE TRADING FOR ME AND YOU ON THE ISX. THIS IS TRULY REMARKABLE …ITS STARTING! EXCITING TO SAY THE LEAST!
7-28-2015 Intel/Newshound Guru tman23 “the Government’s decision to reduce the salaries of officials and senior staff closer to attempt a radical processing prosthesis for the problem…” The salaries of the GOI were ridiculous…One of the IMF concerns/conditions with regard to Iraq GOI was salaries…to be adjusted.
7-28-2015 Newshound/Intel Guru BGG …they are meeting – over what to do about Maliki…they come back, not much gets done – deal with Maliki – move on… [are you saying Maliki issue is more important right now for them to decide than voting on the laws? because once Maliki is canned, the laws will be a whiz to pass?!] no question – that is what I am saying…he has played the “obstructionist” thus far. He goes – things move!!
7-28-2015 Newshound Guru My Ladies [They are creating DEMAND for the IQD by selling the bonds…The IQD now has a purpose.] THIS IS WHY WE ARE SAYING THE DINAR WILL BE CONVERTIBLE ACROSS BORDERS…AND ALSO LOOK AT WHO THE SELLER IS, THE GOI IS THE SELLER, NOT THE CBI, THE CBI IS ONLY MAKING CONVERSIONS. IN ORDER TO TRADE THESE BONDS ACROSS BORDERS THAT MEANS THAT THE CONVERSION SWITCH IS TURNED ON. RIGHT NOW THE DINAR IS FOR IRAQ USE ONLY AND IN ISOLATION RIGHT? SO NO MATTER WHAT YOU HEAR OUT THERE FROM ANYONE THIS IS BASIC BANKING 101, NO MYSTERY NO SECRET INTEL, NO NONSENSE. THIS IS JUST HOW THE WORLD OF BANKING WORKS. BASIC AND NO MYSTERY INVOLVED.
7-28-2015 Newshound Guru My Ladies [Yes. And this process requires then the IQD to be international.] ABSOLUTELY IT DOES! YOU CAN NOT CONVERT EURO, OR YEN, OR PESOS, OR DISNEY DOLLARS INTO DINAR WITH OUT THE CONVERSION SWITCH BEING TURNED ON! …I HAVE SAID 2-3 DOZEN TIMES RECENTLY WITH ALL THIS ACTION IN THE MIDDLE EAST THE DINAR NEEDS TO TRADE SOON. I WAS NEVER SPEAKING TO VALUE, JUST TO THE START OF IT TRADING…AND I THINK THIS IS WHERE WE ARE AT COME THE 2ND OF AUGUST.
7-28-2015 Intel Guru Frank26 The Kurds said that the HCL…they got no problems with it and they’ve been saying that for a long time. The HCL is being used with the Kurds right now to deal with the extra oil that they are shipping out…100% of it. If we see the taxes and tariffs…then we’re off to the races man! If we see the bonds are we off to the races? No. Actually the bonds are a mechanism of the monetary reform. That is the TARGET DATE of AUGUST 1st. We think in our hearts that the $3 to $4 range is ridiculous…the 1 – to -1 rate would be ideal. Then Forex can take that 1- to -1 and put it into warp-speed to $3, $4 or whatever they want to do. In my opinion the IQD will have got from a RI rate to an RV rate…something much more valuable. The international bond is the starting point to adding value… Article 8 compliant…from RI…to RV…to Forex. The monetary reform is right in front of your eyes!