Iraqi Dinar Guru opinions 11-16-15
Iraqi Dinar Guru opinions 11-16-15
11-16-2015 Intel Guru Frank26 We are walking out of the RI and into the RV. The RV is multi dimensional with many positions for DRS [Dr. Shabibi]. …He and They have told us of their surgical steps being taken in a Masterful MR [Monetary Reform] of their currency the IDQ.
11-16-2015 Newshound Guru Enorrste […does “removal of restrictions” mean going to float, market supply and demand?] Policies related to foreign currency and the removal of restrictions on foreign currencies means moving to a floating dinar. At present there are essentially no policies related to foreign currencies because the dinar is not tradable with foreign currencies. Thus until now they have had no need for policies related to them. However, with the movement to a float and international recognition of the dinar those policies will have to be put in place. More to the point, the IMF is saying that when they do move into the world market with the dinar they do not want any restrictions placed on conversions from one currency to another. In other words, they are calling for a free float.
11-16-2015 Newshound/Intel Guru BGG I have no comment on “the float theory” – it is certainly possible… I could care less if the IMF decides to resort to float… JUST GET IT GOING…once it starts – most realistic economists agree it will raise to a realistic value quickly if they do that. I do think the IMF will be a major determinate in the value of the IQD from here on… [could it be possible if the W.B. IMF actually FORCE Iraq to r/v?] not impossible – in one way or another…they are taking a direct “advisory role” as part of their financial support.
11-16-2015 Newshound Guru Mike …the IMF’s involvement should help right the ship, they definitely need help in getting control over what’s happening to the dinar and the reserves. One things clear, Iraq has to address these issues now. In January we all knew that things were beginning to unravel, the auctions were capped, the dinar lost value on the street and the reserves are slowing dwindling.
11-15-2015 Newshound Guru Enorrste In order to understand what is happening with the dinar it is important to see it historically as a process and not as an event. What we are seeing happen has been publicly exposed just last week by the entry of the IMF directly into the affairs of Iraq. They signed an “agreement” to let the IMF basically handle things from here on out. The very next day the announcement of the introduction of the large 50000 dinars notes came out, with a picture of the note itself on the CBI website. Bottom line: IMF is running the show and the money is already printed. […the IMF getting involved to the extent they are now, is very good news then.] Not just good news: great news! The IMF is in favor of floating the dinar, not just for Iraq but for the world!
11-15-2015 Newshound Guru Enorrste So, how many…think that tomorrow, or someday, the dinar will go from 1166 to 1 to, say, $3.50? [more and more i am of the opinion that it will get there in short order but not all at once.] …you have hit the nail with your head! I agree 100%. I really don’t think that most investors in the dinar know just how powerful a process (not an event) they have entered into. I also believe that once the float begins about 90% of the investors will cash in well before that process has fulfilled God’s plan. [so then how could the IQD have a past rate of $3.22…which it did?] …under the Saddam regime the rate was artificial but never recognized internationally.
11-15-2015 Newshound Guru Enorrste [What do you expect out of your (example) 1 million IQD…You paid let say…$1100 usd for it…are you expecting to make $400 usd profit over time…?] Much more than that. With reserves that are greater relative to their money supply than any country in the world Iraq is poised to become a powerhouse internationally. The ultimate value will be determine by the market itself. The CBI is very clear on this. Their goal, however, was specifically stated back in 2007: $3.33. That number was the value before Saddam came into power, and they are a very proud people who want it to be returned. My own view is that this may be conservative, given their reserves.
11-15-2015 Intel Guru Frank26 IMO the LD’s were distributed two days ago. This AFTER the 50K’s were programmed…NOT DISTRIBUTED YET. THEY ARE POISED FOR 2016 BUT OH MY LORD THEY ARE SO READY FOR 2015!
11-15-2015 Newshound/Intel Guru BGG my unvarnished opinion is: I care little what the rate is – I’m just ready to see it get started because once it gets going – it will likely wind up at a real value fairly soon…what ever that number is – it will be “market driven”.