Iraqi Dinar Guru opinions 9-3-15
Iraqi Dinar Guru opinions 9-3-15
9-3-2015 Newshound Guru Millionday Article quote: “reducing the central bank sales of the dollar and make it in the field need the truth to the citizens as well as international bonds to be issued by the central bank and the $ ten million dollars will provide Iraq’s hard currency and thus will protect the Iraqi dinar from fluctuations in the currency.” THE CONFIDENCE IN THE DINAR IS OBVIOUS AND THEY HAVE CONFIDENCE IN THE RESULTS FROM THE BOND SALES…THEY WILL BE HERE IN THE US MONDAY DISCUSSING/ PROMOTING… CBI GOVERNOR WILL BE HERE MONDAY AS WELL. [The bonds…doesn’t the dinar need to be revalued first?] THE BONDS THEY ARE DISCUSSING ARE BACKED BY THE DINAR SO IMO THE BEST IDEA WOULD TO HAVE A CALCULATED REALITY VALUE FOR THE DINAR BUT WE HAVE TO WAIT FOR THE INK.
9-3-2015 Intel/Newshound Guru tman23 Emerging market bonds have been taking a beating last few weeks… NOBODY WANTS TO TOUCH THEM NOW! Good luck Iraq! Canada announced it is officially in a recession… China stock market is taking a whooping and chaos is in the streets… Japan market is taking a beating… US market lost close to 470 today… And as I was told… the money will move after the post 2015 summit…Summit starts the 14th… The amount to be invested in world infrastructure is being raised from billions to trillions… None of this is made up …it is financial world economic facts… live and in print…. That said… hopefully they plan on IQD manipulation in our speculative favor.
9-3-2015 RUMOR Guru Mnt Goat …not only is the CBI making an effort to prevent money laundering but now we see the GOI (under Abadi’s direction) finally stepping it up and going after the culprits…beginning the effort to clean up the CBI and its corruption as part of his phase III reforms. I personally do not think that ANY one event is “holding up” the revaluation process but simply Iraq it not yet ready. When will they be ready? WHEN EVERYTHING IS IN PLACE AND THEY (IRAQ, UN and USA) FEEL COMFORTABLE WITH THEIR SITUATION!
9-3-2015 Newshound Guru Adam Montana [The in-country bonds have been postponed to the end of September. Can the RV still happen? Also, the bonds will be purchased in Dinars but redeemed in USD. What do you make of this?] 1. YES 2. YES 3. …in my opinion, it doesn’t matter.
9-3-2015 Newshound/Intel Guru BGG [Have you heard any more about M [Maliki] fleeing into Iran a day or so ago?] I did hear about that – but not for sure if it is accurate. Could easily just be “noise” in the media… however, if he thinks this will go badly for him – he will ROLL. …bank on it – he will never face a trial in Iraq (willingly).
9-3-2015 Newshound Guru firefly Article quote: “Obeidi said in a special statement to the Agency information that “reducing the central bank sales of the dollar and make it in the field need the truth to the citizens as well as international bonds to be issued by the central bank and the $ ten million dollars will provide Iraq’s hard currency and thus will protect the Iraqi dinar from fluctuations in the currency.” So now they are talking INTERNATIONAL BONDS? WOULD NOT SURPRISE ME IN THE LEAST IF THEY BYPASSED THE SOVEREIGN ENTIRELY.
9-3-2015 Newshound Guru Breitling They are selling the bonds for US dollars and they are going to put them in their foreign currency reserve. They are not using the bonds to take out dinar they are using the bond to take out dollars…those US dollars will not be in the Iraqi economy to compete against the dinar… I don’t see anything in Iraq pushing or delaying the value of the dinar going up…they are going to float it up little bit by little bit…it’s a 2 year time frame.
9-3-2015 Newshound/Intel Guru BGG [Do we know when Allaqs term is up at the CBI ? sept 8th or is it in Oct ?] He is a “proxy appointment” so he will be gone when he is replaced. Not until… [I thought alak was appointed official by ink or am i wrong?] he is a “proxy” appointee – (by Maliki) and not an entirely legit appointment at that…they need a legitimate CBI Gov soon.
9-2-2015 Newshound Guru Kaperoni It all comes down to parliament and laws. When they get around to passing these important laws for investors they will begin to create a market economy. And hopefully, the dinar will rise as a result.
9-2-2015 Newshound/Intel Guru BGG The rats are lining up on one side – Abadi on the other, I think Mahmoud will be crushed before this is over…Sistani has great influence with the PMU’s also. I don’t think Ameri (or Mahmoud) will win this fight. The political corruption MUST END – the WB/IMF is INSISTENT – and these jokers just can’t manage to leave the trough. They (Allawi – Maliki – Mutlaq and others) are clearly showing themselves as defending their corrupt way of life. I do think Abadi will work with Parliament to get this solved. He is OBVIOUSLY serious about dealing with their corrupt issues.
9-2-2015 Newshound Guru Adam Montana [What are the second and third most important laws after the HCL? Must these also be passed before an RV? Also…do they have to open the 2015 budget in order to RV?] I’m not going to over-complicate it at this time. “General progress” is the 2nd most important thing after the HCL. Regarding the budget, nope. The budget is a moving target that will change drastically once they RV, so I have never put much emphasis on the budget.
9-2-2015 Newshound Guru Aggiedad77 Article: “Parliamentary Economy: There is no fear on the Iraqi currency and the balance in 2016 is still the financial” According to the Economic Committee the Iraqi currency remains strong at this point and that includes any prep work for the 2016 budget as well…part of the strength associated with the currency at this time is that manipulators will not be tolerated and they are being watched for very closely…good news for the IQD at this point in time.
9-2-2015 Intel/Newshound Guru tman23 …export countries benefit from a lower valued currency… Iraq imports 95% of it’s goods…countries that depend on imports benefit with a higher valued currency for more purchasing power… [Is Iraq not exporting oil?] Oil exports are paid in petro dollars… this has been the global standard for years!
9-2-2015 Newshound Guru Adam Montana I have good news and bad news today. The bad news first – no HCL, no RV. Sorry. The good news is…Look for the headlines on ISIS and turmoil in Iraq. You aren’t seeing many, are you? That’s right! Because things are actually going VERY well over there right now, and this is exactly the situation we want to be in before the HCL is passed and they can successfully make a big change to the value of their currency. Although I am cautiously optimistic, this looks to me like the “quiet before the storm”. Let’s go, Iraq! Time to get this show on the road!
9-2-2015 Newshound Guru Memphis “A delegation [of] senior government officials and experts [is] scheduled to travel to the United States and Britain next week to discuss the issue of Iraq sovereign bonds. The delegation will include [the] Governor of the Central Bank, [various] government officials [most notably the] ministers of the [departments of] oil and finance and consultants and experts in economic and financial affairs. …discuss the process of issuing sovereign government bonds in the global financial market.” A few things we can conclude from this with confidence: 1) They will be traveling to the two key money centers of the world. 2) The names listed for this trip are at the top of the food chain for Iraqi finance.
9-2-2015 Newshound Guru Memphis 3) …the purpose, the intent, for this rather long multi leg trip with a considerable entourage in tow is to do WHAT exactly? To issue debt that will be on offering externally “in the global financial market”. Taking all if the above, it seems at least remotely possible that Iraq is about to do more than just “talk about the process” and is in reality actually selling these bonds next week (signatures) in the “global financial market” that is located where exactly? NY and London. I see real intent here as a real possibility…that the dinar needs a change in status to allow ALL of the above?