Iraqi Dinar Guru opinions 8-20-15
Iraqi Dinar Guru opinions 8-20-15
8-20-2015 Newshound Guru My Ladies Press Release: “2015 ARTICLE IV CONSULTATION…STAFF REPORT; AND STATEMENT BY THE EXECUTIVE DIRECTOR FOR IRAQ.” Quote: “…commitment to maintain the exchange rate peg…They also welcomed the steps taken to liberalize the foreign exchange market and urged the removal of remaining exchange restrictions and multiple currency practice as external conditions evolve.” SO WE KNOW THEY ARE GOING TO MAINTAIN THE DOLLAR PEG RIGHT? SO WHAT DOES THIS MEAN? WELL WE KNOW THEY NEED TO BE INTERNATIONAL TO GET THE BONDS DONE…AND WE KNOW THEY NEED CUSTODIANS TO TRADE THE ISX…AND WE KNOW THEY ARE COMMITTING TO REVIVE THE PLAN OF REDENOMINATION…WE NOW KNOW THEY WILL KEEP THE DOLLAR PEG… SO IF THEY ARE GOING TO SETTLE IN THE DINAR THEN THE EXCHANGE HAS TO BE ON PAR WITH THE INDEX RIGHT AND IRAQ IS TELLING US THEMSELVES THEY WILL NEED UNTIL 2017 SOMETIME TO BE DONE WITH CURRENCY REFORM RIGHT?
8-20-2015 Newshound Guru My Ladies SO ALL OF THIS AND NOW THE IMF HOLDING ON THE BASKET IMPLEMENTATION TELLS US THAT WE SHOULD SEE AN EXCHANGE RATE NOW-ISH WITH A DOLLAR PEG ON PAR WITH THE INDEX AND THEN LATER WHEN EVERYONE BEGINS THE SWITCH TO THE SDR THEY WILL HAVE TO DO WHAT? [Do not let go of your dinar until it depegs from the usd and pegs to the sdr next year.] RIGHT…SO THE MORAL OF THE STORY HERE IS DO NOT EXCHANGE YOUR DINAR ALL AT ONCE! THEY ARE TELLING US THEY NEED UNTIL 2017… IMF IS TELLING US THEY NEED UNTIL, THE END OF 2016 IRAQ NEEDS TO PUT ON TRAINING WHEELS AND BECOME CONVERTIBLE NOW SO THEY WILL DO THAT WITH A DOLLAR PEG, BUT THEN LATER WHEN THEY HAVE ALL THEIR CORRECT CURRENCY AND ARE READY TO TAKE OFF THE TRAINING WHEELS THEY WILL PEG TO THE BASK AT A REALITY RATE REFLECTING THEIR GDP BY THEN AND THEY WILL HAVE A NEW PERMANENT RATE. WE SHOULD SEE A RATE NOW ISH BUT NOT A SDR VALUE UNTIL THEY SWITCH PEGS…A 2 STEP PROCESS. [with a peg to USD at par would be $1 IQD to $1 USD right?] WELL SORT OF…BUT I THINK THE INDEX IS 0.98 NOW.
8-20-2015 Newshound/Intel Guru BGG IMHO – there is way, way, WAY too much corruption for Maliki to not face some kind of a direct criminal action – this bit about stealing directly from the CBI is very damaging – they wouldn’t be talking about it publicly unless they had the “goods”…the next few days could be very exciting.
8-20-2015 Newshound Guru My Ladies Article: “August 18, 2015 Invitation to Iraqi banks and the Arab and international banks to apply for the implementation of the Custodian service in Iraq Stock Exchange” ISX CAN NOT BE AVAILABLE TO THE INTERNATIONAL CLIENT WITHOUT A MERRILL, OR MORGAN OR GOLDMAN…BASICALLY IN A NUT SHELL A CUSTODIAN. THEY ARE TAKING IN CUSTODIANS NOW AND THEY WILL NOT DO THAT FOR SOMETHING THAT IS LIGHT YEARS DOWN THE ROAD. THEY NEED CUSTODIANS NOW TODAY! RIGHT NOW… [I saw a US News and World Report article about it as well as AP and Reuters.] YEP AND IN THAT ARTICLE THEY SAID IRAQ WAS GOING TO REVIVE THE PLAN TO REDENOMINATE THEIR CURRENCY.
8-20-2015 Newshound/Intel Guru BGG “Nuri al-Maliki, who is currently in Tehran in addition to the issue of facilitating the delivery of Mosul to state regulation facing charges of laundering more funds management process in the history of Iraq.” Maliki was involved in the largest money laundering operation in Iraq. This piece – in my mind, is the part that will ultimately wind up ending Maliki…the rest he can argue as “partisan”, retribution, or whatever…but stealing directly from the CBI isn’t something that Iran (or anyone else) will be able to save him from. This IS BAD…not to say that all the other atrocious crimes aren’t every bit as bad – but this goes to the very heart of Iraq’s current financial crisis. This is the thing the people are demonstrating over.
8-20-2015 Intel/Newshound Guru Backdoc WE ALL HAVE TO BE SO ENCOURAGED BY THE REFORM PROGRESS OCCURRING AT BLINDING SPEED. WELCOME TO DEMOCRACY IRAQ! WITH IRAQI INTERNATIONAL BONDS ABOUT TO BE SOLD A RATE APPEARS TO BE A CERTAINTY IN THE NEXT FEW DAYS OR WEEKS. SO WHEN WILL THE BONDS BE SOLD? THAT DECISION AGAIN SEEMS TO BE IN THE COURT OF THE IMF.
8-19-2015 Newshound Guru Adam Montana [For a long while I heard that over half of the HCL was done, but it is still a HCA. Is it in front of Parliament or are the Tarriff Laws and people getting Fired more important?] In my opinion, the HCL is going to be done as quick as the actual RV – it won’t get back in front of Parliament until they are sure they are going to pass it, and pass it quickly. I’m not the only one who believes the HCL is the last key to seeing the RV, which leads me to think that it will be a 1-2 deal. Go HCL, then go RV.
8-19-2015 Intel/Newshound Guru tman23 The NEW CBI website is extra special…and it is proof that change is about to occur… The Kurdistan Government secured the domain .KRG and has given until October 15th for all registered business to secure their domain…and then it is open to public. The reality of the IQD speculation is going to come to light… All we can do is wait and see if we speculated correctly and it delivers the ludicrous profits we all hope for. When the iisd…international institute for sustainable development…held by the general assembly of the united nations…finishes it’s meetings then the money will be released…this is what I was told…And that you can bank on!
8-19-2015 Newshound Guru Millionday Banking Report: “Call for cooperation and integration of global economies” THIS WAS THE TITLE OF THE BANKING REPORT…HOW GOOD IS THAT… THE…REPORT…SHOWS INTERNATIONAL COMPLIANCE AND ALL BANKING ROLES BEING ACTIVATED. THEY HAVE A TEAM SET FOR THE ACTUAL RELEASE OF THE ECONOMIC REFORMS. THE BANKS ARE THE VERY FRONT OF THE ECONOMIC PROCESS FOR IRAQ…THEY HAVE TO MAKE EVERY STEP COUNT TO BRING BACK THE NATION AS PLANNED.
8-19-2015 Newshound Guru Adam Montana Well, I hate to keep harping on the same thing week after week, so I’m keeping it simple today. No HCL, No RV. Give me an HCL, and we are back in business quicker than you can say “lickity split”!
8-19-2015 RUMOR Guru Mnt Goat WOW! I can hardly believe the news this week so far. So much news this week. Are we really on the track to finally see the project to delete the zeros from the currency and get our RV? Seems that way. So the news of this week is the coming of the second set of reforms as Abadi promised. We are beginning to see these new reforms (phase II) take shape. Be patient I believe the redenomination meaning the deletion of the zeroes is in this second set of reforms.
8-19-2015 Intel/Newshound Guru tman23 Actually what we are seeing is not at all surprising… June was the end of the road…and we are witnessing the change of dynamics in warp speed…There is a time limit and it is Oct 1st… But there are a host of world events tied into this timeline …which are quite coincidental if you believe in such! …there are so many documents that were set with this date from different resources.