Iraqi Dinar Guru opinions 11-12-15
Iraqi Dinar Guru opinions 11-12-15
11-12-2015 Guru Newshound Millionday Article quote: “Baghdad announced the Central Bank of Iraq, Wednesday, for issuing a new banknote fifty thousand Dinars category…” WE HAVE READ IN THE PAST THAT PART OF THE NEW CURRENCY PLANS INCLUDED A 50,000 DINAR NOTE… A REPORT WAS OUT WHEN THIS WAS FIRST ANNOUNCED THAT IT WAS FOR STRATEGIC REASONS — OBVIOUSLY FOR SECURITY AS WELL — THEY HAVE BEEN SAID TO HAVE THE MOST ADVANCED SECURITY AVAILABLE. AS SOME CAN REMEMBER — THE KURDISH REASON WANTED KURDISH LANGUAGE ON THE NEW CURRENCY — MEANING ALL — SMALL — COINS AND LARGE. THIS IS HUGE AND GREAT NEWS.
11-12-2015 Newshound Guru Millionday [why would they wanna put out a 50,000 note if their planning to raise the value, ie RV?] THEY ARE NOT JUST PUTTING OUT THE 50,000 NOTE ACCORDING TO THE PLANS I HAVE READ OVER MANY YEARS — THIS WAS DONE AS A ‘STRATEGIC’ MOVE IN THE REPORT I READ AND MANY OTHERS — THEY ALSO PLAN TO RELEASE SMALL NOTES AND COINS BUT THE 50,000 IS MORE SECURE — MANY COUNTRIES HAVE AS PART OF THEIR CURRENCY SERIES VERY HIGH BILLS AS WELL — THEY ARE JUST NOT CIRCULATED ON THE STREETS FOR OBVIOUS REASONS OF GLOBAL PRICING ETC.
11-12-2015 Newshound Guru Millionday [so if the IQD comes to a new value of $3 then that new 50K note will be not usable to the average Iraqi at over $150,000.00 US. Only use would be between banks…correct?] THE US DOLLAR RATE WOULD BE ONLY APPLIED OUTSIDE THE COUNTRY — THE PRICES WILL DECIDE THE USE AND NEED OF SMALL DENOMS AND COINS ALONG WITH LARGE NOTES ETC WITHIN THE COUNTRY — BUT THE EXCHANGE VALUE TO ANY OTHER CURRENCY HAS NO APPLICATION TO THE ISSUING OF NEW SERIES EXCEPT THAT IT IS PART OF THE ECONOMIC REFORM AS IS THE GOAL TO GO TO A MARKET ECONOMY AND ALSO THE RATES FOR INTERNATIONAL RATES AND MARKET FIGURES, BANKING ETC.
11-12-2015 Newshound Guru Breitling This is an official statement from the CBI…they are going to issue the 50K dinar note. But before you get your underwear all bunched up in a wad and panic…all that tells us is that it doesn’t devalue the currency that you and I have…it doesn’t mean there not going to revalue their currency…it just means that it’s going to float. This is an indicator on whether it’s going to revalue at 1 buck and 1 shot as a crunch down on liquidity or are they still going to float it and the value is going to go up very slowly and so that’s our answer…they are adding the 50K dinar note and the 100K dinar note. The next logical question is, “are they adding to the note count?” NO, they are NOT. So you have to look at it as a balance. they probably took off a certain amount of 25K notes and they issued these notes to balance it out. The statement from the CBI is to get rid of 70% of the currency (liquidity) that’s out there and then go from there…we’ve been watching that. This hasn’t changed anything.
11-12-2015 Newshound Guru firefly Those 50k and 100ks will not be used by the citizens. IMO they will be used by the government. The lower denoms is for the citizens of Iraq. This is what we have been waiting for!
11-12-2015 Intel/Newshound Guru tman23 You see a 50,000 dinar note released for circulation…it is NOT GOOD! You know it, I know it, and the spin on making it a positive event is just impossible to swallow! IMO!
11-12-2015 Intel Guru SteveI …the new 50K note…Iraq has been talking about this and educating the people for the past 6 months or so that this was only a temporary measure to stop the massive counterfeiting of the 25K and 10K notes that ISIS and others have produced. The citizens understand that once the value changes and the three zeros are dropped, then they will be turning in these notes for the final more valuable notes. This new note from what we have been told is extremely hard to counterfeit and will stop that dead in its tracks. Excellent move as it will draw in all of the 25K and 10K notes inside Iraq and this has nothing with the good notes outside of Iraq that we hold. Once Mosul is fully under control, I see this changing value fairly quickly, most likely when the 2016 budget is officially put into place. Excellent progress and the end is very near.
11-12-2015 Newshound Guru Aggiedad77 Dinarland today is alive and on fire…Each 24 hour period brings in more and more things, more information, more intel…the news media remains so very friendly…The CBI is opening up…they might make you wonder…but behind it all, they are led by a great man…a man who knows what needs to happen…he has the security that PM Abadi has given not just to the CBI but to all of Iraq…100% security…We watch for one thing IMO…the handcuffs…to embrace Maliki for all his wrong doings and corrupt ways…
11-11-2015 Newshound Guru Enorrste “The central bank issued banknotes fifty thousand Dinars category” Once again we see that the plan is still in place, although delayed. We had expected to see this in August as I recall. Coming out now is just about consistent with our understanding of Iraq’s delayed timing schedule. This confirms for me, in spades, that we will see the withdrawal of the 25000 notes during the next month or so, followed by a gradual reduction in the money supply total itself (value, as well as number of notes in circulation), thus setting up the scenario required to release the dinar to a free float. I would not even be surprised to see a 100000 note come out within the next 45 days. All in all this is turning out to be a very good week.
11-11-2015 Newshound Guru Adam Montana [ I want to know, if the HCA (Hydro-Carbon Agreement) went to Parliament, with the 2016 Budget, on last Wednesday (11/04/2015).] Everything I know about the current situation tells me that the HCL will be part of the budget, and it looks very positive to pass quickly.
11-11-2015 Intel Guru Frank26 …the IQD is no longer pegged to the USD…we heard this earlier this year…so what are they pegged to…..the SDR. the USD is in a…basket…yes that basket has USD in it…but they unpegged from the USD earlier…yes they did…but this…basket it looks so nice…it is so SECURE with what you see in it and the IQD will gladly peg with this SDR basket. Someone said last night…ReInstatement…bring back the old rate…STOP. What is an RI? …when a country does a reinstatement of their currency they are simply doing this for international use and RECOGNITION. They first have to RI…IMO…THEY JUST DID. They have busted their borders wide open as they move into Article 8. The moment the blessing occurs…when they RAISE the VALUE…THAT IS AN RV!