Iraqi Dinar Guru opinions 11-17-15
Iraqi Dinar Guru opinions 11-17-15
11-17-2015 Intel Guru Frank26 IOO (in our opinion)…the LD’s that were moved from the US to Baghdad…IOO…were distributed to all the banks on Friday that Dr. Shabibi wanted them delivered to. It is said today that Maliki will be tried in the International Criminal Court. This is yet another step that was awaited…their laws are taking them in that direction of international flavor… what they want, international recognition…Justice is good and necessary.
11-17-2015 Newshound Guru Millionday THIS IS WHAT CBI SAYS ABOUT THE 50,000 DINAR: Quote: “The Central Bank of Iraq, Sunday, that the issuance of 50 thousand dinars category paves the way for the deletion of zeros from the currency, and among it will reduce the demand for the dollar, he pointed out that there is no link to the financial crisis with the new version.” IT IS PAVING THE WAY TO PULL THE THREE ZERO CURRENCY AND IS PART OF THE NEW VERSION. THIS WAS PART OF THE PLAN FOR YEARS. THE NEW DINAR SERIES WILL REDUCE THE DEMAND FOR THE US DOLLAR. IT COULD TAKE A YEAR FOR IRAQ TO HAVE ALL THE THREE ZERO CURRENCY RETURNED TO THEM. THIS IS PART OF THE MONETARY STRUCTURE AND DEVELOPMENT. THEY ARE INCLUSIVE OF THE SMALL DENOMS AND COINS ACCORDING TO WHAT I HAVE READ…
11-17-2015 Newshound Guru Millionday THE PRICES OF PRODUCTS IS WHAT RAISES THE DEMAND FOR WHAT DENOM — IT IS NOT A PROBLEM THAT THEY ARE RELEASING THE 50,000 — IT IS PART OF THE ENTIRE PLAN — MEANING THIS IS GOOD NEWS. THE BUYING POWER AND HEIGHTENED VALUE OF THE DINAR WILL BE A RESULT OF TRADE ETC BUT ALSO FROM THE GLOBAL PRICING INDEX BEING CALCULATED — THE DEMAND FOR THE DENOMINATION COMES FROM THE PRICES AND A MARKET ECONOMY — GLOBALLY — REQUIRES FAIR TRADE ACCORDING TO THE INTERNATIONAL EQUATION THAT DETERMINES THE FLUXUATION ON THE FOREX MARKET FOR ALL CURRENCIES. THE DINAR WOULD NEED TO BE CALCULATED TO ITS TRUE VALUE FOR THEM TO GO TO A MARKET ECONOMY. WE WILL HAVE TO WAIT AND SEE WHAT THE PLANNED RATE IS OF CBI.
11-17-2015 Intel Guru Mark Liquidity is gone, the can, can not be kicked down the road any further.
11-17-2015 Newshound Guru wmawhite Article quote: “Warns a member of the Parliamentary Finance Committee, of the consequences of “the continuation of the central bank dollar auction to sell the currency,” it is that it “threatens to fall in foreign exchange, which sees the International Monetary Fund’s reserves to be dangerous.” the message continues…”it is time to stop the auctions”…IMO. If the auctions stop the amount of USD on the streets dry up and they are left with primarily IQD…”single payor window”.
11-17-2015 Intel/Newshound Guru tman23 Article quote: “because all the accounts of the budget will be recorded in accordance with the new currency. ” IN WHICH CASE IS A STRONG POINT AND VERIFICATION OF WHAT WE HAVE BEEN SAYING…THE APPROPRIATE TIME TO LIFT THE ZEROS IS AT THE START OF THE YEAR…NOT THE MIDDLE OF A QUARTER OR MIDDLE OF THE YEAR…THOSE WERE SHABIBI’S WORDS…EXACTLY!
11-17-2015 Intel/Newshound Guru Mnt Goat There is a mandate from the CBI to banks that they will use these new 50k and 100k notes for very large inter-banking and commercial transactions since once they collect all the large old 3 zero notes they will no longer have the very large 3 zero notes for this purpose( 5k, 10k 25k). The 50k notes will coincide indefinitely with the new lower denominations ($5, $10, $20, $200, etc) in circulation as the new Iraq currency going forward.
11-16-2015 Newshound Guru wmawhite Question: since 2004, how many times has the CBI changed the value of the IQD? Answer: seven (7). Now…most recently, we were told by a researcher that the CBI will NOT move the value of the IQD before floating it. It will just start floating. The problem is, the IQD is not floating today and the CBI has moved the value seven (7) times already. It is obvious to the uneducated as I am, that the CBI will move the value of the IQD, IF it believes it reflects the true value of the IQD prior to any float.
11-16-2015 Intel/Newshound Guru tman23 I believe 1000% without any doubt that they are lifting the 3 zeros for the fiscal year 2016… And I believe that as Shabibi once stated they need a 1-1 for easy use and avoid confusion in the market place… I flat out guarantee you the Kap [Guru Kaperoni] float is an opinion and 5 cents is not happening…with or without 3 zeros.
11-16-2015 RUMOR Guru Mnt Goat …let’s see where we stand today. -Amnesty law – second reading completed, 14 point of contention need to be resolved. -Mandates of the three presidencies (second reading was completed on 11/12) -Accountability and Justice law TBD ( suspect this will happen in the next couple weeks, we await in anticipation) -Final announcement of the Federation Council law TBD (again we await in anticipation) -Final report card and unity meeting for the mandate for Reconciliation called the “Reconciliation Conference” in articles they told us they were targeting to conduct this conference in mid December. Targets usually mean just that and can be moved forward or back depending on progress.
11-16-2015 RUMOR Guru Mnt Goat I have said that only when you see these events (golden nuggets) could there be a strong indication of an upcoming RV window of opportunity. Such signs as news of launching the new 50k or 100k notes, articles about increasing the value of the dinar, distributing the lower denominations and coins, news of going international, deleting the zeros, putting the currency on a float vs fix regime, re-launching the tariffs, etc. So now we see that almost all of these events that I mention they have begun to address in some form or fashion over the last 2 weeks. This was all amazing news and all in such a short time period too. IT IS ONLY GOING TO GET BETTER!
11-16-2015 RUMOR Guru Mnt Goat I now believe this project is being moved up from 2016 into 2015. Article: “ACTIVATING THE LAW OF CUSTOMS TARIFF MIDDLE OF NEXT MONTH” So bottom line is in the article…they are coming right out and telling us and I quote from the article – “the activation of the customs tariff law the middle of next month”. Why in the middle of next month then? They will be activating the RV at this same time! All these events are INTERCONNECTED leading towards one event, the RV…
11-16-2015 Intel/Newshound Guru tman23 [has Shabibi officially returned to the CBI as governor?] NO…But we have seen him twice in photos now…with the Finance Minister…Zebari when meeting with the IMF. He is the “conductor” of the Orchestra. His whole life has been the study of…an emerging market during times of volitile oil prices.
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.
11-16-2015 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.