Iraqi Dinar Guru opinions 8-18-15
Iraqi Dinar Guru opinions 8-18-15
8-18-2015 Intel Guru Frank26 …on Tuesday our teams called us and said…the only way to get the MR [Monetary Reform] is for Mr. S [Shabibi] to come back! In my strong opinion, Dr. Shabibi has been the quarter back, but… Dr. S said two years ago I got kicked out by Maliki – do you think I’m going to come back while he’s there? Of course not. Six months ago, Abadi asked Dr. Shabibi to come back – but he said not under these conditions. Once I know the banks are secure and Aleck gone and get rid of Maliki’s son too…Dr. Shabibi said if you BUILD THIS FOR ME, I’ll be back…and I see that you’ve built what I want. …SOCIAL MEDIA, YOUTUBE…you can find “keywords” there…when you see “KEYWORD” substitute DR. SHABIBI…IMO. Speculation of Dr. Shabibi being arrested…That’s BS.
8-18-2015 Intel Guru Frank26 Let me talk about a BLACK LIST…it’s about removing the 000’s. THEY CAN PUT THEM ON THE BLACKLIST – if we don’t see anything in a monetary reform change…the currency will be put on a black list – …if it doesn’t happen by Oct. 1st… it would be disastrous for the monetary reform… The international currency is the ONLY SOLUTION TO AVOID BEING PUT ON A BLACK LIST, IMO. There’s lots of soldiers that are in Iraq to protect the new government. It’s going to become a democratic country – Insurgents don’t like that hipocrasy as long as they work with the new government. Our boots on the ground is to protect a new justice that’s about to come to bear. JUSTICE….and the reinstatement of many reforms.
8-18-2015 Intel Guru Frank26 Tomorrow [Tuesday], YOU ARE GOING TO SEE UGLINESS…change is coming and it will be BRUTAL UGLY…BUT IT STARTED… The reform is going to be brutal starting tomorrow that’s necessary… This time this cleaning is really at a warped speed…we’re talking DAYS…and it’s leading us to OCTOBER 1ST. We feel that to be a deadline for the currency reform under the umbrella of the monetary reformations that lead to the lifting of the 000’s.
8-18-2015 Newshound/Intel Guru BGG Article quote: “President of the parliamentary Economic Committee, Dr. Haitham al-Jabouri, an elite group of advisers, experts and academics…included within the plan of economic reforms and the issue of Iraqi dinar to float where participants set Of recommendations to be submitted to the Office of the Prime Minister.” Keep in mind…though high powered – this is a group of experts who got together and talked things over…(not the Gov of CBI or PM)…and are (or have) forwarding their idea(s) to Abadi…I am not sure “float” is the singular though – it is not impossible they could be talking about the IQD “going up”…My point is this – the translation “float” could be easily better “characterized” as “going up”…That is the STUNNER… [Do you think its possible they still haven’t decided how they are going to do this? meaning open to suggestions?] For sure – they haven’t even fully regained control of their own CBI yet… anything is possible. more than whatever it is they are saying – is the “weirdly coincidental” timing of these few articles coming out…right around this “period of reform” by Abadi…this seems to be a time of “rapid change” – so things could unfold very, very quickly.
8-18-2015 Newshound Guru Breitling They [the CBI] are telling business and local banks to stop doing business with Iran…the main reason why is they [Iran] are trying to pump US dollars into iraq because they know they [Iraq] are trying to add value to the dinar and they [Iran] know one of the tools to keep the value of the dinar down was the US dollar…it’s a back door confirmation of what the intent is of what Iraq wants to do. They are cutting Iran off at the knees. It’s one thing if the CBI can scoop up those dollars and put them into the reserves…that’s a good thing but there is so much that they’re having a problem with it. And it will keep the value of the dinar down if they don’t tackle it.
8-17-2015 Newshound Guru Millionday Article quote: “…economist member of the Baghdad forum Amer Jeweler for the purpose of implementation of the reform professionalism and rigorous and serious action to achieve meaningful actual results immediately reflected on the economy and the citizen and the future of the country…” JEWELER IS REQUESTING FOR ALL ECONOMISTS TO ABADI THAT THE BEST EXPERTS ARE IN PLACE FOR THE REFORM PACKAGE ACTIVATION SO NO MISTAKES ARE MADE. THE REFORMS MUST BE DONE PROFESSIONALLY ENOUGH THAT THEY PRODUCE AN IMMEDIATE RESULT ON THE ECONOMY. [“PRODUCE AN IMMEDIATE RESULT ON THE ECONOMY” and “LARGE FOOTPRINT (IMPACT)” These don’t sound like slowly rate increase to me; these sound like a…RV overnight.] IT SOUNDS LIKE THEY ARE HOPING FOR AND EVEN HAVE PLANNED FOR IN THE REFORMS A HUGE IMPACT TO THE ECONOMY —VERY ENCOURAGING AND EXCITING TO SEE THE REPORTS.
8-17-2015 Newshound Guru Kaperoni Article quote: “the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market.” This guy is…saying we need to get rid of our 3 zeros notes and go with notes without zeros like the old days where 25 dinar was worth $75. There is not talk in the article on the process or how to achieve this and any talk of a LOP is stupid….Iraq is not a candidate for such an event. The plan has been very well documented, from the IMF, to economists to even the CBI. Relax!
8-17-2015 Intel/Newshound Guru Poppy3 TOLD YA’LL…WHAT THE OFFICIAL WORDS WERE AND NOT ANYTHING EVER BEEN SAID BY ANY OFFICIAL SINCE THEN…$3.22 PLUS UP TO 20% MORE FOR INFLATION WHICH COULD ADD UP TO .64 CENTS MORE. NOW FOR ALL THOSE THINKING THEY WILL COME OUT LOW AND GO UP ASK THEM TO SHOW YOU ANYTHING FROM THE PEOPLE THAT ACTUALLY HAVE Anything to do with setting the rate HAS SAID ANYTHING DIFFERENT. THEY CAN’T. IT’S NEVER HAPPENED…WOULD A LOW RATE BE $3.22 AND NOT ADD ANY INFLATION RATE TO IT? FOOD FOR YOUR THOUGHTS. …JUST THE FACTS…ONLY STATED FACTS BY THE DIRECT PEOPLE THAT SET THE RATE.
8-17-2015 Newshound Guru Chattels Until Iraq has control of it’s borders and DAESH has been ousted from Fallujah, Ramadi and Mosul, I have little expectation of any significant increase in the value of the dinar. And it may be some time before Iraq is RELATIVELY safe, secure and stable.
8-17-2015 Newshound Guru wmawhite Article quote: “the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market.” …out in the communities the local shops take both the USD and IQD…they prefer the USD. Currently, the 25K is equal to $22.35, but the shop owners do not make change so they see the 25K note as $25.00. So that article was telling the citizens that they should expect to have additional purchasing power equal to $75.00 where it used to be only $25.00…additionally, they are being reminded that the large notes will gradually go away…but they will have 3 times the purchasing power. the CBI has over and over emphaized that the three zeros notes will continue to be legal tender…but has to [as the?] prices in the economy are reduced the need for the large notes go away and are replaced with LDs.
8-17-2015 Newshound Guru wmawhite The discussion about what type of notes are used on the streets is totally different from a discussion about the yet to be announced international exchange rate. There will be one international exchange rate for the IQD which is only applicable outside the country. That will in turn determine the type and size of the note to be used in country. Folks, what you can take away from this discussion and that article is that the citizens are being told to expect changes in the currency they will use on the streets and why? Because, the IQD will be put on the world currency market and the new value of the IQD will affect the type of note they will use inside Iraq. Plain and simple. [If the IQD does float, will there be value added & then it floats or will it float from 1166? If it floats from 1166 will there be demand for the IQD at that level?] The CBI will never tell what they will do until after it is implemented. We will know the same time the rest of the world currency markets know.
8-17-2015 Newshound Guru Kaperoni Article quote: “the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75, this process will give the larger size of the local currency and reduce the use of the dollar in the domestic market.” …there is no discussion in this article on the “process” which we know is not a LOP, but a gradual appreciation.
8-17-2015 Newshound Guru Millionday [when they reinstate the tariffs do you think they will need the exchange/or new rate before they implement the tariffs?] THE TARIFFS ARE A % BUT FOR GLOBAL TRADE — MARKET ECONOMY THEY NEED TO HAVE PRICING SET FOR IRAQ TO HAVE INTERNATIONAL COMPLIANCE WITH FAIR TRADE ETC.
8-17-2015 Newshound Guru Aggiedad77 Article: “Investors Leery of Upcoming Iraqi Bond Despite New Credit Rating” When these bonds are floated onto the market my bet is they will be scarfed up as quick as they come into play…the Fitch rating if it still exists at that level will not hold back those who are interested in investing…this is a high stakes high risk game and there will be those rollers who feel the dice are hot in favor of Iraq right now and they will put big money into play for the potential to win big…bigger than seen in recent years…watch for it…times are exciting.
8-17-2015 Intel/Newshound Guru Poppy3 Article quote: “the largest category of cash is Al25,000 dinars, which is equal to $ 22, in the case of deletion of zeros and converted to 25 dinars Vstsawi of $ 75…” IN OCT. 2010 THE IMF POSTED ON THEIR WEB SITE THAT AGREEMENT WITH IRAQ WAS REACHED ON THE EXCHANGE RATE OF THE DINAR ( 4 YRS AGO ) OF $3.22 AND POSSIBLY UP TO 20% FOR INFLATION OVER THE TIME OF THE WAR WHICH HAS RISEN HIGHLY OVER THE LAST 4 YEARS. THIS IS OLD NEWS TO THOSE OF US THAT HAVE ONLY LISTENED TO THE AUTHORITY FOR INFORMATION. YES IT IS EXCITING TO SEE ALL IS STILL THE SAME AND NOW ACTIONS ARE SHOWING IT IS HAPPENING.