Iraqi Dinar Guru opinions 11-7-15
Iraqi Dinar Guru opinions 11-7-15
11-7-2015 Newshound Guru Millionday Article quote: “Seminar on the central bank auction and determine the foreign exchange rate…” …WHAT ARE WE WAITING ON? THE INTERNATIONAL RATES TO CHANGE…RIGHT? Quote: “the relationship between fiscal and monetary policy, including an interactive relationship necessitated by the nature of the revenue and expenditure of the pricing of the dollar.” THIS IS THE RELATIONSHIP OF THE FISCAL AND MONETARY POLICY — AND THIS IS REQUIRED IN THIS BUDGET — THE PRICING OF THE US DOLLAR. THE US DOLLAR WILL BE USED TO REMOVE THE HIGH DENOMINATION OF THE DINAR. CENTRAL BANK OF IRAQ IS ACTIVATING THE PROGRAM STEPS TO CHANGE THE DINAR TO THE LOWER DENOMINATION…
11-7-2015 Newshound Guru Millionday THE INTERNATIONAL RESERVES IN THE REMITTANCE SYSTEM IS APPLIED TO THE CALCULATION OF THE NEW RATES FOR INTERNATIONAL CURRENCY — IN OTHER WORDS IT IS INCLUDED…THE RESERVES WILL BACK THE PRICE…THEY HAVE ENOUGH IN RESERVES TO ALLOW THEM TO GET ON THEIR FEET AND BACK THE SET EXCHANGE RATE. THE CHANGE AS WE WERE TOLD IN THE SPEECH BY ABADI THAT THE REMOVAL OF THE THREE ZERO CURRENCY WAS GOING TO HAPPEN WHEN THE PRICES WERE APPLIED.
11-7-2015 Newshound Guru Millionday Seminar Title: “Friday, November 6, 2015 Iraq Exchange Rate: Seminar on the central bank auction and determine the foreign exchange rate” THIS IS ALREADY DONE. THIS CONFERENCE IS TO SET THE INTERNATIONAL RATES — WHEN OR HOW MUCH I DONT KNOW…THE ACTIVATION OF THE IRAQI REFORM IS EXPECTED TO PUT IRAQ BACK IN THE RANKS OF ECONOMICALLY POWERFUL COUNTRIES. [in your opinion do they only have one thing left to do?] IMO — THIS COULD HAPPEN AT ANYTIME.
11-7-2015 Newshound Guru wmawhite …when you return from Europe with Euros, or when you return from London with the Great British Pound, or when you return from Japan with the Yen, and you go into a bank that accepts foreign currency, does that bank pull out a De La Rue machine to check your Euro, GBP or Yen? No they don’t and they will not when you exchange the IQD either. [When the IQD gets value all banks with foriegn currency will exchange it. Right?] Not necessarily so…and here is why…go to St. Maarten and those banks accept the USD, Canadian Dollar the Euro and GBP…and why? Because there is a market (tourists). They don’t exchange the Yen because no visitors from Japan…no market. …banks choose what currency they want to exchange just like any other product. [We just might have to travel some distance.] I agree totally with you about that…may have to travel.
11-7-2015 Newshound Guru Breitling Have not seen articles like this is a very very long time…”the central bank is the only body that pumps dollars for the domestic market which creates confusion…” this is a very very bold statement. The reason it creates confusion is cause the people in Iraq have not figured it out…they don’t know why the value of their currency is rising and it’s because of the US dollar. Why are they throwing US dollars into their economy when they have their own currency? Well you and I know. this makes me very very happy. It’s coming to an end.
11-6-2015 Intel Guru Frank26 Today there was a meeting…they can’t have anymore money. Aug, Sept, and Oct went by without their usual lump of cash to keep them going. We are in total control of what is going on in there… We have too much invested. No more USD…no more foreign currency…they need to grow-up and guess what on the 5th of November Iraq will meet with the IMF in Jordan and prepare for the “grand-opening” day. Who gives money to Iraq? The IMF and the USA. The BILLIONS that are about to be given to Iraq…will enter Iraq for a completely different purpose (not to pay their bills) but to be distributed to the “BB” [Dr. Shabibi’s baby banks]. These will be used to loan money to the citizens to help build the country, businesses, etc.
11-6-2015 Intel Guru Frank26 Abadi and his supporters…are NOT changing the budget! They just voted on it…passed it…and the HCL is inside of it. THIS IS A FIRST…THIS IS HISTORICAL! The evidence of 1 to 1 is pretty obvious…the GOI approved a new salary scale…which works out to a 1 to 1 ratio. The GOI is doing just things…especially with their ministers (and their pay scales) – as they work to accomplish entering into the international world with a new rate.
11-6-2015 Newshound Guru Kaperoni Article quote: “…former Planning Minister Mehdi al-Hafez, pointed out that the national need not require the continuation of the so-called dollar auction, organized by the «Central», but must be handled freely and without restrictions.” …Mehdi al-Hafez is a big player in the economic plan in Iraq. He is usually at most events. And he clearly wants to end the auctions and let the dinar float. Hopefully with all these experts/specialists speaking out, we can get the show on the road soon.
11-6-2015 Newshound Guru firefly Countrys getting loans just prior to a currency increase is common practice and history. A bank will not loan one money unless they feel the loan can be paid back! 1166 will NOT fill that obligation! IMO, the time for talks and debates has come to an end.