Iraqi Dinar Guru opinions 10-26-15
Iraqi Dinar Guru opinions 10-26-15
10-26-2015 Newshound/Intel Guru Mailman17 CONSIDERING HOW MANY ARTICLES COME OUT OF IRAQ, ONE SHOULD CONSIDER THE VALIDITY BEFORE MAKING A COMMENT OR OPINION. IF WE FOLLOW WHATS GOING ON IN PARLIMENT AND THE FACT THAT THE MONETARY POLICY CANNOT COME OUT ON A FLOAT AND THAT IRAQ WILL NOT LET OUTSIDE INVESTMENT TAKE ADVANTAGE OF IT AS WELL. WHEN IRAQ COMES OUT IT WILL BE STRONG AS IN PAR. THIS AS I HAVE SAID IN THE PAST COMES OUT OF SHABS MOUTH HIMSELF. OPINION PIECES HAVE NO PLACE AT THE END OF THIS INVESTMENT OTHER THAN TO WARD OFF SPECULATION AND TO CREATE CONFUSION. THE RV WILL COME OUT OVERNIGHT.
10-26-2015 Newshound Guru Mailman17 …AND WE JUST HAVE TO FIGURE WHAT NIGHT THAT IS. PEOPLE NEED TO LOOK AT THE WHOLE PICTURE AND NOT JUST A CORNER. WHEN ADDED UP, IRAQ IS TELLING US AS WELL AS OUTSIDE ENTITIES LIKE THE IMF, UN ECT THAT THIS IS ABOUT TO BURST. NOTICE HOW ISIS IS BARELY MENTIONED ANYMORE OTHER THAN SYRIA. YET SOME BELIEVE THEY ARE STILL A FORCE. WERE THEY A PROBLEM…YES…ARE THEY NOW..NO. RIDES ABOUT TO END…STAY FOCUSED ON THE WHOLE BALL OF WAX AND NOT JUST THE CENTER…AND BEWARE ARTICLES PUT OUT BY NO NAMES WITHIN A COMITTEE OR THE SUCH. THEIR OPINION IS WORHTLESS. SOME TAKE IT AS TRUTH. JMO
10-26-2015 Newshound Guru Millionday [Are they going to be doing all the important laws we have been waiting for?] TUESDAY`S SESSION IS OBVIOUSLY IMPORTANT AND WILL INCLUDE ALOT OF IMPORTANT LAWS. THE AGENDA IS FULL OF ECONOMIC LAWS AND SOME THEY HAVENT TOLD US BUT THE LAST PARAGRAPHS FOR INVESTMENT SHOULD BE DONE ALONG WITH MANY OTHERS.
10-25-2015 Newshound Guru Enorrste Article: “IMF moves to help Iraq condition undergoing regulatory program” The article is giving the opinion of a member of the CBI as well as that of the IMF. The CBI member Ismail said that the CBI believes that moving to a float would “slightly affect” the financial condition of the GOI positively while the IMF was saying that moving to a float would not positively affect government finances, in their view. The argument from the IMF is that the vast majority of the government income is from oil revenue and is therefore from foreign countries (i.e., not in dinars). Thus, the IMF is probably correct with respect to solving the GOI financial crisis.
10-25-2015 Newshound Guru Enorrste However, moving to a float will have a positive economic affect in the country over the longer term. …the Investment Law will allow foreigners to invest in Iraq with some guarantees… With the introduction of new investment from foreigners the float becomes a real possibility. It will not only put a floor on the value of the dinar but, over time, will cause its value to rise. This is what we are looking for. …the float WILL raise the value of the dinar, because the float will not be possible until foreigners begin investing in Iraq. The influx of new money will allow for a reduction in the money supply and a rise in the value of the dinar. This benefits us, but won’t affect the budget crisis much. As KAP [Guru Kaperoni] said…”a dinar is a dinar” within the country.
10-25-2015 Newshound Guru Kaperoni Article quote: “If you look at public spending, a significant proportion of it are in foreign currency, which means that the currency was floated or re-pricing will not contribute significantly to the financing of the budget deficit..” This statement IMO is very important…there is no intent to revalue. It is not physically possible. I think that he is saying that until the dinar is worth more than the dollar it would not reduce the budget. That being said, only about 20% of the 2016 budget anyway is “investment” so it would not have much effect. The majority of the budget is “operational” meaning salaries, expenses etc. and we all know a dinar is a dinar in Iraq.
10-25-2015 Newshound Guru Millionday THE FISCAL YEAR STARTS OCT 1ST — THE CALENDER YEAR IS THE SAME AS OUR CALENDAR YEAR. THE FISCAL YEAR IS WHAT INCLUDES ALL ECONOMIC ACTIVITY SO THIS IS AN EXCITING TIME WITH THE 2016 BUDGET DONE AND IN PARL –AND OF COURSE SO MANY OTHER THINGS TOO.