Iraqi Dinar Guru opinions 11-4-15
Iraqi Dinar Guru opinions 11-4-15
11-4-2015 Intel Guru Frank26 …the US of A stated they were withdrawing USD’s temporarily from Iraq…there was some excuse about funding terrorism/DAASH/ISIS or some such thing…probably a valid concern at some point…in the past. …the first week of August…this is when the US actually stopped sending USD to Iraq, loans were being made in USD up to that time…but it all stopped, yes terrorism was to blame, partially. What we need to keep in mind is that Iraq cannot revalue their IQD as long as the USD is being used in Iraq. For the time being Iraq has essentially eliminated the USD from their diet….this was to happen by 1/1/2016 but has happened already…they are FAR FAR ahead of schedule.
11-4-2015 Intel Guru Frank26 We’ve seen recently that Dr. Shabibi has started talking once again about the lifting of the 000’s… PM Abadi was at the mosque Sunday evening…he did speak to the citizens…telling them he was offering a full life of security, stability, prosperity without exception to the upcoming EID…Where did these strong words come from…as we’ve said there are EXPECTATIONS for November…NOVEMBER IS GOING TO BE LIKE A WATERFALL! …all this is phenomenal news. Now is the SEASON…to be PROSPEROUS.
11-4-2015 Intel/Newshound Guru Poppy3 IN THIS MEETING TWO DAYS FROM TODAY [TUESDAY] WITH THE IMF THERE WILL BE RATE DISCUSSION TO DECIDE WHEN FUNDS FROM THE LOANS WILL BE RELEASED. GETTING THE LOAN IS ONE THING BUT HAVING THE FUNDS RELEASED IS TOTALLY SOMETHING ELSE ENTIRELY. REMEMBER BUYING YOUR HOME THEY WANT TO KNOW UP FRONT HOW THEY GET PAID BACK AND A PROMISE WONT CUT IT…THEY WILL DEMAND ACTION IN WRITING AND ACTED UPON.
11-4-2015 Newshound Guru Millionday I THINK THE RATE AGREED ON WILL BE RELEASED — AND THEN IT MAY FLUXUATE BUT ONLY IMO AT A 2% SWING. I MEAN THE TOOLS THAT CBI HAS — IT WILL BE MANAGED TO ONLY MOVE ONE WAY OR OTHER 2% — IMO. IN A SPEECH BY CBI GOVERNOR — THEY ARE READY TO RELEASE THE RATES — IMO.
11-4-2015 Newshound Guru Mike Article quote: “The recommendations stated on several alternatives to make up for the deficit in the financial budget instead of the new peace, most notably float currency for the high price of the dollar against the Iraqi dinar…” Haitham Al-Jabouri apparently doesn’t realize that most currencies in the world that float are internationally traded and used to purchase imports. Iraq isn’t there yet. All of this would be a great idea if Iraqi’s could buy Turkish tomatoes with dinars, right now they can’t. The IMF has told them many times they need to get the street rate within 2% of the official rate and so far, they haven’t had much luck maintaining that.
11-4-2015 Newshound Guru Mike Why would Jabouri believe they could add value to the dinar when they can’t maintain the value now? Move to Article VIII, which will essentially remove demand for the dollar, and then the dinar will begin to rise as the economy grows. Heck, it’s clear what Iraq’s motive is, they want to save the GOI money. If they thought the dinar would rise, they wouldn’t spin it as an alternative to cutting the salaries. In the end, Iraq and the CBI control the value of the dinar through the auctions, history has proven that to us. When they capped the auction’s in February the dinar started to slide, in April the rate fell to 1300-1. Add in the tariff’s and the dinar lost further value. They need a solid foundation before they turn this thing loose in a float, IMO.
11-4-2015 Newshound Guru Adam Montana Yesterday we saw some of the best news to come out of Iraq in a LONG time! I know I’ve been positive about the dinar for a few weeks, but now I’m actually EXCITED! As I’m sure you’re aware, we have had a Hydro Carbon Agreement for some time now. That’s fine and dandy, but I don’t believe it was possible to see an RV of any significance until there is a LAW on the oil agreement. Maliki kept progress at bay for years… As of beginning of this year, Maliki was ousted and now we have Good Guy Abadi at the helm, and for a few months he was a rock star! We saw a flurry of progress…and then it all slowed down. We had nothing major to get excited about over summer, and we all wondered when, or if, things would ever get moving again. Well, as of a couple weeks ago we started seeing some hints that things might be picking up speed again.
11-4-2015 Newshound Guru Adam Montana …and YESTERDAY it was announced that Parliament plans to include the HCL into the 2016 budget. That by itself wouldn’t be too impressive – we see fluff from Parliament all the time. But THIS time they included verbiage that specifically states how it’s going to work. The Kurds will honor their oil commitment, or they get their funds cut off. This also means that their funds will not be cut off, provide they honor their agreement… and by putting it in the budget, that’s almost as good as passing the actual Law. Let me put it another way – generally these announcements are one-sided, and we can always expect them to go back and forth on it. THIS announcement accommodates BOTH sides, and is the single most solid evidence that we are moving forward that I have EVER seen on the HCL.
11-3-2015 Intel/Newshound Guru tman23 In October 2012 Abadi [Does he mean Shabibi??] made an announcement in media about it being time to lift the 3 zeros and they were planning on doing so if the new currency could be ready before January if there was time. Days later Maliki had the courts issue an arrest warrant for Shabibi. During the sept/oct iisd post 2015 summit an article was out about the iisd. What we knew back in 2012 was Shabibi was in Japan for a convention. That convention turned out to be meeting with the iisd. NOW…straight from Japan a loan for 3 billion dollars… We are in the same time frames as 2012 when they were preparing to lift the 3 zeros by the first of the year.
11-3-2015 Newshound Guru firefly [IRAQ WANTS A LOAN FROM THE IMF TO MOVE FORWARD…] NOBODY is going to loan Iraq anything anymore at 1166. Something is definitely stirring on their side of the pond! Iraq has many many contracts waiting for the go… So Iraq is meeting with the WB AND the IMF, both early this month. Things that make you go Hmmmmmm.
11-3-2015 Newshound Guru Millionday [Do you see this happening before Iran sanctions are lifted? I thought I read they will be lifted on the 15th of November.] I DO NOT KNOW THE DATE…AT ALL — MANY ARE GUESSING IT HAS TO DO WITH IRAN SANCTIONS — I THINK THAT IT ONLY HAS TO DO WITH CBI AND IRAQ RIGHT NOW — REFORMING THE COUNTRY TO A MARKET ECONOMY.
11-3-2015 Newshound Guru Enorrste Article quote: “The recommendations stated on several alternatives to make up for the deficit in the financial budget instead of the new peace, most notably float currency for the high price of the dollar against the Iraqi dinar…” This ties in with the other recent article that stated that the CBI was going to go “on the attack” with respect to getting the dinar value raised. Now this article is saying that Abadi is behind the plan all the way. I won’t be surprised to see the dinar released to a float prior to the end of this year or early in the next.
11-3-2015 Newshound Guru Kaperoni Article quote: “The recommendations stated on several alternatives to make up for the deficit in the financial budget instead of the new peace, most notably float currency for the high price of the dollar against the Iraqi dinar…” My take is Saleh is telling Abadi to forget about the salary scale and just float the dang currency! I’m for getting off the peg and let it rip good or bad. I really don’t see how it could go down with the Investment Law on the books and the soon to be deposit insurance act. Iraq is about to receive a huge influx of capital for investment. Only one way to go…up.
11-3-2015 Intel Guru Frank26 In the last 24-48 hours we’ve seen several articles that state they are going to delete the 3 zeros. IMO – Abadi is now shifting things to a market economy … the only way to do that is to tell these “investors” in back-rooms that they are about to raise the value of their currency. This is HUGE! Time is up and they can’t afford to walk into next year … bankrupt. They can’t go bankrupt…that would be a LOP…and that is not the goal of Iraq nor the United States.