Iraqi Dinar Guru opinions 9-10-15
Iraqi Dinar Guru opinions 9-10-15
9-10-2015 Newshound Guru Millionday Article quote: “Iraq seeks to open up to the world through the re-international banking relations across the branches of the Iraqi government banks abroad…” BANKS COMING TO IRAQ IS ONE THING >>>THIS IS SOMETHING ELSE… IRAQ HAS PLANS OF OPENING 151 BRANCHES ACROSS THE WORLD — REMEMBER HOW LONG THIS HAS BEEN IN THE WORKS AND THE EXISTING BANKING RELATIONS NOW…THIS IS FOR TRADE AND INVESTMENT — IMAGINE — THEY NEED AS MUCH AS POSSIBLE.
9-10-2015 Newshound/Intel Gurus BGG & wmawhite [anything on parliament today?] House of Representatives completed the second reading of the law of money laundering. that is a big move forward. 1 more reading and a vote…then enforce it. WB and IMF will be happy… [Did it say when the next reading will be for that?] I do not know – but I would suspect soon…they are moving on it with prejudice. the world wants reason to enter Iraq in big numbers. They want to help – but they won’t do so while everything goes directly into Maliki and other corrupt official’s pockets.
9-10-2015 Newshound Guru Aggiedad77 Article: “Spokesman Abadi: Prime Minister will launch a new package of reforms within days” PM Abadi is said to be ready with yet another round of reforms in the coming days…what will be the agenda this time…who will be appeased….who will be angered by his actions this go-round… paper being pushed by more paper…This will grow into a sign of weakness on the part of Abadi if he doesn’t start taking some serious action soon…saying you will do something is nothing…actions speak so much louder than words…
9-10-2015 Newshound Guru Enorrste The rise in the value of the dinar has nothing to do directly with inflation. In addition, the CBI has never mentioned moving to a managed float. All reference has been to a free float. The IMF has also pushed for a move to a free float. It is my personal opinion that the dinar will rise quickly once it is released. I suspect that the CBI is being cautious in its prognostications. …a rising value of the dinar will lower internal prices within Iraq, not raise them. Inflation has no part in a rising dinar value.
9-10-2015 Newshound Guru Millionday Article quote: ” …the draft reform of the inmates and depositors Law, and the Anti-Money Laundering and Financing of Terrorism Act.” IT IS READY FOR VOTE. THEY EXPECT THE NATIONAL GUARD LAW TO BE DONE THIS WEEK. [Amnesty law, is it done, finished & voted on?] IT WAS ON THE TABLE WEEKS AGO BUT DON’T SEE IT AS DONE.
9-9-2015 Newshound Guru Administrator Bob […we are in for still a long wait.] I believe how long it takes is relative to the activation and success of a market economy. The new CBI loan program appears to be at least a very good start in the right direction…Now if parliament would pass those dang laws.
9-9-2015 Intel Guru Martha 9/15 is the meeting of the UN General assembly and there will be several MAJOR announcements…it is also the release of the UN Operational rates and I hope this time we are finally on point with this one or else we may have to wait till end of month. Iraq is ready and has been. She was prepared for the whole month of September to RV on a Tues-Thurs format… but there are those thought that there would be no rate change until DEC 31,2015 – NEW YEARS (hint hint). Keep the faith for WE are almost there.
9-9-2015 Newshound Guru wmawhite Iraq will be selling what is called Euro Bonds…those are bonds in another country’s currency different from the seller of the bonds. …bonds are not the indicator we are looking for. If I sell you a bonds that states you will receive at maturity $1 million plus 6% interest…do you care what the exchange rate is? NO.
9-9-2015 Newshound/Intel Guru BGG I have some commentary “in review” of yesterday…Maybe I should have been a little more “tender” with my words. I used the word “RV” apparently currencies don’t do that… I say…SEMANTICS. I care very little what terminology gets used. I care about getting things started OFF!! Whatever the number – or the term – or what the “title page” looks like – I’m just looking for THE JUMPING OFF POINT…because once it gets going (again) their market will take care of the rest. I also wonder what it has been called every time they changed the value of the Dinar since 2003 – (when it started out at around 4,000:1)? it can’t have been a “float”…technically not an RV (according to some)…and again – I really could care less what they call it as long as the value goes up.
9-9-2015 Newshound Guru My Ladies I KNOW THE DAY WILL COME WHEN THE DINAR RE PRICES… I DON’T KNOW WHEN THAT DAY IS THE CRYSTAL BALL IS STILL FOGGY. BASED ON WHAT’S HAPPENING IN THE WORLD CAN THIS BE A SOONER ARRIVAL FOR US? SURE…WHY NOT? BUT WHEN THEY ANNOUNCE THINGS AND BLOOMBERG AND RUETERS REPORTS THEM THINGS SUCH AS INTERNATIONAL BONDS. THESE THINGS LEAD US TO THE NECESSITY FOR AN INTERNATIONAL STATUS AND PERHAPS A VALUE CHANGE. BUT THEN THEY COME IN 30 DAYS LATER AND SAY UMMM OH YEA BY THE WAY…
9-9-2015 Newshound Guru My Ladies DID WE MENTION BEFORE…THOSE ARE GOING TO BE EUROBONDS? WELL THAT’S A HUGE HUGE GAME CHANGER. I AM VERY COMPETENT IN FIGURING OUT AND UNDERSTANDING MATH AND ECONOMICS…I AM NOT VERY GOOD AT THE SHELL GAME. YOU CAN START THE STORY OF THE DINAR WITH ONCE UPON A TIME AND END IT HOW EVER YOU WANT, BUT THE PART IN THE MIDDLE IS MATH AND WILL ALWAYS BE MATH….AND WHEN THE MATH CALLS FOR THE DINAR TO REPRICE IT WILL, AND EVERYTHING ELSE WILL JUST BE NOISE. STORIES CAN CHANGE OVER TIME AND SO CAN PLANS BUT MATH ALWAYS REMAINS THE SAME.
9-9-2015 Newshound Guru Kaperoni Article quotes: “The government has completed printing the currency of the class” 50 “for one thousand dinars in foreign countries,” indicating that “putting this category in the market will have a very significant positive role.” “The currency will go on the market in the next few months and by the end of this year.” Reduce the note count, get people using dinar for larger ticket items reduces the need for dollars in Iraq (reducing demand on the auctions). Gets the dinar out from mattresses. Then hopefully, by mid 2016, they can start to raise the value (float) as a result of the economic growth (results from the loans, investment etc.)
9-9-2015 RUMOR Guru Mnt Goat I told you from mid August to mid September would be a very critical time for getting these reforms accomplished. I told you Abadi would make a final push to get them completed and it would be very sudden and unexpected by most. We are witnessing all of this now. I firmly expect Abadi to clean up the CBI and Dr Shabib to come back to an “official” capacity to head up the CBI once again before these projects kick off fully. …it is very important and necessary for Iranian influence to be gone or greatly impaired in Iraqi politics and in the general influence of Iraq prior to any RV…the pressure is building now for this to happen too. Lots of pressure in all areas of getting rid of Iranian influence in Iraq…
9-9-2015 RUMOR Guru Mnt Goat One of the biggest advantages of the lifting of the sanctions is the return of all frozen assets to the Iraqi government, estimated at $82 billion, according to Central Bank data. Its return will not only revitalize the economy, it will strengthen the value of the Iraqi dinar and increase its purchasing power. But TO THIS DAY IRAQ IS STILL FROZEN IN TIME and still using the post war provisional 3 zeroes notes, meant to be transitioned to the new, permanent currency prior to sanctions being lifted in 2013. So we know the delay in currency reform and the project to delete the zeros is noted clearly and there is pressure from members of parliament finance and economic experts who see the necessity to get the currency reforms completed since these projects can only help the dragging economy.