Iraqi Dinar Guru opinions 9-22-15
Iraqi Dinar Guru opinions 9-22-15
9-22-2015 Intel Guru Delta …the 50 and the 100 dinar articles are still confusing people. You will not have a country with lower inflation than Iraq. For the countries who added zeros to their notes is due to high-inflation. Right now in Iraq … inflation is very, very low. It doesn’t make any sense to produce more 3 zero notes. Remember the articles about the coin and the 50 and the 100 dinar? At the end of the article… they gave the example that the note would be a 50 note … and this was from a committee member. The plan to execute it was in July – but they didn’t do it. We do believe that they are now ready. Also remember the article about 3 weeks ago from … this guy…who is in charge of issuing notes for the CBI… stated that plan was to come out with the new note … valued at 50,000 but will be marked as a 50. This is not rumors – He said that the 50 dinar is ready and before the end of the year they will execute it. Obviously they can’t give you the exact date … but the monetary reform has to happen.
9-22-2015 Intel Guru Delta The stock market will increase because of the Anti-Money Laundering Law. The currency reform will make a lot of investors come into Iraq. The Iraqi Stock Market will be one of the hottest in the world. A lot of investor money will be coming into Iraq… it will be a holiday on Wednesday in Iraq so we are not expecting anything until after the holiday. Iraq needs liquidity. They need money. Iraq is a rich country but they have no cash on hand. They have oil, resources … but essentially, they are bankrupt. The USA doesn’t want this to fail. One of the stipulations for Iraq to move forward is to lift the 3 zeros. In order for the IMF to continue to support Iraq – they must add value to their currency. Let’s see what happens after the EID holidays.
9-22-2015 Newshound Guru BGG the Moody’s rating is good news…whatever it means (exactly) them having a ratings outlook is good…and by the by – it is only a “provisional rating” on their bonds only – however, it’s essentially the data and info they would use on a sovereign credit rating… overall, and in light of the severity of their situation, I took this report as generally realistic..: and positive… as a credit rating agency – it is vital they are reliable in their portrayal to investors… still a reasonably decent outlook – “stable with instituational risk” is probably an accurate picture…What they have “in the ground” and what they can pump, process and sell are two very different numbers… and this is their short term issue – PERIOD. they are still spending too much based on the 2015 deficit and bad projection of oil prices. They have short term crisis – they have discussed (privately) bridging this gap with some emergency currency move…however, until this political corruption is “cornered” they are still discussing options.
9-22-2015 Intel Guru Frank26 they are running out of time to do this. The Marshal Plan is Bush’s baby. Dr. Shabibi is getting older and fragile … and I believe that speed is a big factor now. Why is Dr. Shabibi important? He knows the software. He’s been protected by the USA (in my opinion) for the last 2 years. ISIS and DAASH is running. Think about it … why would we send Special Opps into the CBI? That was the first place they went. They didn’t need numbers from the CBI … they already knew them. The so called “audit’ of the CBI was a bunch of BS…all of this was done at night so that the mission could be accomplished. We believe the Special Opps did this for Dr. Shabibi – not Allik. Dr. Shabibi was given control of the green-light.
9-21-2015 Newshound Guru firefly Quote: “Representing the UN at the meeting, UNDP’s Resident Representative Ms. Lise Grande congratulated the Government of Iraq… highlighting “the importance of Iraq’s contribution in order to reach a globally binding agreement.” Sure doesn’t sound like gloom and doom to me. Coming direct from the UN site!
9-21-2015 Newshound Guru Millionday Article quote: “President of the Republic Fuad Masum, the detection of the completion of the project of reconciliation in the country poses after Eid al-Adha.” FINALLY A TIMELINE FROM MASUM…ACCORDING TO WHAT I HAVE READ THE RECONCILIATION IS PLANNED AND BEING PROMOTED TO TAKE PLACE AFTER THE EID FEAST ON THE 27TH – HE IS STATING THAT THEY WILL NOT RESOLVE TERRORISM WITHOUT NATIONAL RECONCILIATION. THIS IS HUGE, HUGE TO BE PROMOTING THE NATIONAL RECONCILIATION CONFERENCE.
9-21-2015 RUMOR Guru Mnt Goat I have told you that come mid September we would be in an excellent window for the RV. I also stated in my news letter last week that if Iraq DID NOT complete what it had to complete on time and so the PTB will not RV. They will not RV until these needed laws are in place and at least partially implemented (as required). I will say if they can work out the details on four key issues – National Guard law, the Investment Law, Judicial Reforms, the Amnesty law and the controlling physical security situation we will be a great time position afterwards to possibly see some upward movement in the currency value. Iraq knows they need to do something with the currency value and they know they need to do it quickly. I believe they are now targeting RV by Oct 1st. But it is just a target date. If we do not see something by then ( I hate to say it) but we may be going into 2016.
9-21-2015 Intel/Newshound Guru Backdoc […in your opinion do you believe all currencies will Rv at the same time?] …THERE WILL BE A FEW THAT WILL GO AROUND THE SAME TIME IN MY OPINION! THINK ABOUT IT FOR A MOMENT. IF YOU JUST MADE MILLIONS OR MORE ON ONE OF THESE CURRENCIES LIKE THE DINAR AND THE OTHERS HAVEN’T CHANGED YET MANY WOULD BUY MASSIVE AMOUNTS OF THEM CAUSING A DISTORTION ON NOTE COUNTS. THAT COULD DO SEVERE DAMAGE TO A COUNTRY. THIS IS THE REASON I BELIEVE WE WILL SEE SOME MINIMAL START WITH THE RIAL AT THE SAME TIME THE DINAR RETURNS!
9-21-2015 Newshound Guru firefly Reforms are already in process as in being implemented. M [Maliki] is nuisance but no more than a fly on the wall! If we have to wait till all corruption is done with…we will be waiting forever. Corruption is in EVERY country…NOT just in Iraq.