Iraqi Dinar Guru opinions 8-2-15
Iraqi Dinar Guru opinions 8-2-15
8-2-2015 Newshound Guru Kaperoni We are seeing some progress…Tariffs are in effect also taxes on electric and cell phone…And the GOI gave away power today to several provinces which to me is a bigger deal. Bond sales of about 2 trillion dinar start locally, not internationally as some reported. [You still believe we wont be in the .70 or .90 range in the next year or 2?] yes…maybe a dime by early 2017…all depends on how the economy grows and if parliament passes laws…you cannot look at a currencies value as what they need. A countries currency is a result of a countries GDP, growth, investment, etc. If the investors come, it will go up. Not the other way around. If the laws pass, and the flood gates open up, investors come in, investment comes through the Capital Account of the CBI, the dinar will rise…the counter to inflationary pressure is to raise the rate of the dinar…the more pressure, the more the cbi will raise it. When and how fast is relative to that event.
8-2-2015 Newshound Guru Kaperoni [if Iraq goes asset backed they’d literally be the wealthiest country in the world imo…with very little debt overnight…which imo would take it over 10 cents..basel 3 assets.] it could…we can hope so…some believe selling these bonds is the beginning of that pressure. A kick start of sorts reducing the money supply creating demand for the dinar. I am not so sure. But if so, then they expect the laws to pass in short order and investors to come thereafter contributing to the pressure. One thing is for sure, it appears we will see if the transition to a market economy is going to take off or not over the next few months…And that is something to look forward to watching. […the next few weeks “should be” a barn burner.] Well I am not as optimistic to say “weeks” but nothing wrong with that.
8-2-2015 RUMOR Guru Mnt Goat …about 9 months ago…I began to tell you about the need to implement the 27 reforms and that these reforms were nothing more than the Erbil Agreement of 2009-2010 re-packaged into the Reconciliation or Unity Reform effort. Well I was partially wrong – it’s now actually 30 reforms in total. I also said that in mid August mid 2014 timeframe the parties involved gave the Abadi government 1 year to make good on the implementation of these reforms… I also told you at this time Iraq would have to complete these reforms in order to get any RV. In fact one of the reforms itself is the currency reform we all have been waiting for. This is the plan.
8-2-2015 RUMOR Guru Mnt Goat So today is the beginning of the last stage of this timeframe for Abadi to get these reforms completed. Iraq is now in the final countdown. If they can be successful in this effort we have an excellent window to see this currency reform by mid August through mid September. I am not predicting an RV but just telling you what is in the plan and the deadline I am aware of. They are down to the wire. I believe we could never ever be so close to having this currency reform completed.
8-1-2015 Newshound Guru sczin11 REMINDER… CBI WAS CLOSED ON THURSDAY FOR THE HEAT HOLIDAY…THEY MAY REMAIN CLOSED THRU SUNDAY, AS THAT HOLIDAY WAS EXTENDED UNTIL THEN…SO, WITH THAT BEING SAID, WE ARE IN THE DARK POSSIBLY UNTIL SUNDAY NITE WITH FOREX, OR MONDAY MORNING WITH CBI…AS FAR AS SEEING ANY CHANGE IN EXCHANGE RATE…
8-1-2015 Intel/Newshound Guru Poppy3 IMPLEMENTATION OF FULL TARIFFS AND OTHER TAX LAWS NOT TILL AUGUST 2ND MAKING MONDAY THE FIRST OPPORTUNITY FOR US TO REALLY SEE CHANGE IN A RATE. TIME WILL TELL…
8-1-2015 Newshound Guru Kaperoni …I do not believe there is any relation between the 1095 rate and the official CBI rate of 1166. All these bonds are doing at 1095 is building in the return (interest). Just like a US savings bond does (you pay $10, and in 20 years its worth $25). As for the Tariffs, often a supplier and retailer will absorb the tariff (slight reduction in profit) so the consumer may not be impacted at all. We will have to wait and see if the additional cost changes trickle down or now. Implementation of these certainly does not mandate a RV…
8-1-2015 Newshound Guru My Ladies THIS IS AN EXCITING WEEKEND FOR US. WE KNOW THE BONDS ARE GOING TO CROSS BORDERS TOMORROW AND I AM BEYOND ANXIOUS TO SEE HOW THEY DO IT.