Iraqi Dinar Guru opinions 11-20-15
Iraqi Dinar Guru opinions 11-20-15
11-20-2015 Newshound Guru Kaperoni Article: “To issue less than 250 dinars coin a new edition for 500 dinars economic plans” Well it fits with the CBI statement earlier this year of 50, 100, 200 by 2017. Any new denomination will have Kurdish language now. …the reality is only one restriction stands in the way between remaining in Article XIV and achieving Article VIII. The importance of “freedom of movement of capital” cannot be stated enough if Iraq wants outside investment. Abadi is full aware that currency reform is a major hold up to his countries ability to create diverse income. So in reality, all these recent moves are well in line and very promising that they will do what they say this time. The alternatives are not good.
11-20-2015 RUMOR Guru Mnt Goat As I have said many times…watch for the project to “delete the zeros” and other signs and our RV is close at hand. Now we are witnessing these signs and so the probability of the RV increases as each day passes. So today’s news is all TERRIFIC and EXCITING! IRAQ HAS LAUNCHED THE 50K NOTES! HURRAY! …this is an excellent sign too that they have in fact launched the project to “delete the zeros” already and the process is now underway once again. We simply have to wait and watch for news of the amounts of the 10k and 25k notes collected. This could take a week maybe a month. But I am hearing it will sooner than later…Because they already collected nearly 80-90% of the 10k and 25 notes.
11-20-2015 RUMOR Guru Mnt Goat Article quote: “CBI had announced earlier issued a new banknote fifty thousand Dinars category in order to complete the Iraqi Securities monetary structure, and the DEVELOPMENT OF HIGH VALUE IN THE TRADING CATEGORY.” So we see this was the purpose of launching these new 50k notes. The CBI told us themselves. So at some point in time soon I expect they will hit a point they need and then pop out the new rate…this will be sudden and excepted. This process is NOT a currency FLOAT as many have alluded to will happen. They will simply go from the 1166 rate to a 1:1 rate with the USD. The IMF is now working very closely and monitoring it very closely.
11-20-2015 RUMOR Guru Mnt Goat Eventually the CBI will have to tell the banks to begin launching the lower denominations into circulation. Article quote: “A commission of economy and investment plans for new parliamentary Central Bank intends to implement is to issue less cash currency of category 250 dinars, and a new edition to the category of 500 dinars. ” When these lower denominations are launched you can buy your bottle of champagne and put it on ice since it is not long before we, as outside investors, are at the bank.
11-20-2015 Intel Guru SteveI Article quote: “It confirmed the three presidencies, to speed up the passage of the draft budget for fiscal 2016 Act.” Very good news. I …love the progress! December is looking better and better, but first quarter 2016 is looking awesome as well.
11-19-2015 Newshound Guru Kaperoni Article: “A member of the parliamentary Finance: Half 2016 budget is dedicated to salaries” [no wonder they are looking at devaluing the dinar to 1500 dinar to 1 usd.] …both the IMF and CBI have clearly stated devaluing the dinar is not an option. Heck think about..they have huge protests now, can you image if they made the majority of the citizens 30% poorer? I know its hard to believe..but the documents signed (MoU and Article IV Consultation) by both Iraq and the IMF are very telling of the goals. Hang in there.
11-19-2015 Intel/Newshound Guru Poppy3 discussion today on projection of guaranteed rate on iraq investment bonds like our municipal bonds for rebuilding infrastructure of major cities. These are not the original bonds tried a few months ago these are purely for rebuilding ELECTRIC GRID, WATER SYSTEM, SCHOOLS, HOSPITALS, GOVERNMENT BUILDINGS. THE RATE HASNT BEEN ANNOUNCED BUT MEETINGS ARE BEING HELD AT IMF.
11-19-2015 Intel/Newshound Guru tman23 The Japan Loan is 3 billion dollars…it is a 40 year loan at a rate of 1%… So riddle me this…The CBI has extended the GOI bond sales until Nov 30 at which date they close…They could not sell bonds because of high rates required by investors…They can get 3 billion for infrastructure…it is waiting… Whats the problem? IMO…timing!
11-19-2015 Newshound Guru wmawhite Folks, at the current value a 250 IQD note is worth $0.21 and the 500 IQD note is worth $0.42. These new notes are being printed with the Kurdish, Arabic and English languages. The costs of printing is greater than the value of the notes on the streets…GO FIGURE. Something is happening.
11-19-2015 Newshound Guru rcookie EVERY SINGLE MANDATE REQUESTED BY IMF…WB…AND UN HAS BEEN IMMEDIATELY DELIVERED ON…AML LAWS…DONE…BUDGET AND DEFICIT AMENDMENTS…SALARY LADDER DONE…AUSTERITY MEASURES WITH ELECTRIC & FUEL SUSIDIES AND RATION PROGRAM ADJUSTMENTS DONE…CBI OVERSIGHT & MONITORING PANEL AGREED AND IN PLACE FROM UN & IMF DONE.
11-19-2015 Intel Guru Frank26 …we told you that Dr. Shabibi is ready to launch the monetary reform of their currency from the reinstatement stage into the revaluation stage. This stems from the meeting on the 10th. So this meeting was where they came out to declare we are ready to add value to their currency by removing the 000’s from the citizens and also from you…they introduced the 50k and will introduce the 100k next year. …this whole process is speeding up so much now…we told you the LD’s came over from the US…we told you that Dr. Shabibi was moving these LD’s out into the banks…
11-19-2015 Intel Guru Frank26 …now they announce to us we are going to start our taxes and tariffs next month…because we have started this process of lifting the 000’s and we have decided on a float. I have no problems with how they will do this it is brilliant…it is nothing like what happened in Kuwait. …1166 is a program rate…Then the IMF yesterday changed the rate from 1166 to 1500…Iraq’s goal is to leave the program rate… I like they came out and tell us they are going to raise their value…looks like a float sometime next month…these are the end times.