Iraqi Dinar Guru opinions 11-21-15
Iraqi Dinar Guru opinions 11-21-15
11-21-2015 Newshound Guru Millionday Article quote: “…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.” CBI IS RELEASING DENOMINATIONS THAT ARE LESS THAN 250 DINAR NOTE — ADD IN A 500 DINAR NOTE. THIS IS ALL PART OF THEIR NEW PLANS AND TO FILL THE MARKET NEEDS. THE COMPLETE MONETARY STRUCTURE INCLUDES THE DEVELOPMENT OF A HIGH VALUE FOR THE DINAR AND ALSO SMALL DENOMS AND INCLUSION OF A 50,000 DINAR AS DESIGNED. WHEN THE IRAQI SMALL DENOMINATIONS ARE RELEASED DUE TO A CHANGE IN PRICES AND THE RAISE TO A HIGH VALUE FOR THE DINAR — A RESULT OF THAT WILL BE THE RELEASE OF INTERNATIONAL VALUES/PRICES FOR THE DINAR…THEY DID NOT GIVE A DATE — HOWEVER ACCORDING TO WORLD BANK IT IS URGENT.
11-21-2015 Newshound Guru mike …as far back as 2012, the plan didn’t include the 50k, that’s a new change that came up in the recent past. I’ve got reports from the Ministry of Planning, a report to the Special Inspector General for Iraq Reconstruction, a report that’s submitted to Congress saying the note was going to be worth 50k, not a 50k itself. I realize that’s not the plan, now. ISIL and the price of oil have gummed up the works and apparently, the only way they can get something done is to have the IMF come in and set things right, move to Article VIII and get some value added to the dinar. …I just don’t believe it’s always been the plan.
11-21-2015 RUMOR Guru Mnt Goat …about the second week in November they began ramping up the news with a series of articles on the process to delete the zeros and have not stopped since. – they told us of intentions to gradually wean off the currency auctions and FLOAT the dinar – they introduced the project to delete the zeros to us again and explained it in detail – they then told us they were ready to begin the process thus launch the 50k notes. So we are now witnessing the end to this project. The final steps. They are even telling us they are going to launch the $500 dinar. A 500 dinars note was issued in October 2004 so I think they are just issuing a new edition with more security features and maybe Kurdistan symbols on it. The Next Step after launching these lower denoms is the raising the value and putting the dinar on the FLOAT currency regime. This they tell us will complete the process, it is the completion of their currency reform.
11-21-2015 Newshound Guru Kaperoni Article: “Parliament Decides to extend its sessions to the 23 of this month” There is no details to this article but I get the impression we may be in for a holiday month long break at parliament. Hope not.
11-20-2015 Newshound Guru wmawhite [Why mint new coins when they never used the old ones…?] They are printing notes or minting coins…because they know they are going to need them in the near future. The CBI has already told you what you ought to know…as well as the IMF. The CBI owns the currency and the IMF has told the world that Iraq is re-joining the global markets prior to the first half of 2016.
11-20-2015 Intel/Newshound Guru tman23 Those that believe the HCL is the key to seeing monetary value change…NOT EVEN CLOSE!
11-20-2015 Newshound Guru Kaperoni Article quote: “The National Investment Commission announced on Thursday that its chairman , Sami al-Araji, as the representative of the Republic of Iraq has signed with the International Center for settlement of Investment Disputes (ICSID)…” IMO, this is a big deal! Iraq has signed this deal in anticipation of international investment! When you talk to anyone who is in a position to invest in Iraq, they always say they want laws to protect the investor, insurance to protect the funds and some sort of arbitration if something goes wrong, as well as the ability to get profits out. And IMO, this signing of the ICSID is another very good piece of the puzzle. With the recent amendment to the Investment Law, discussion about passing banking insurance, the IMF MoU to remove exchange restrictions and now this, we may well be on our way to seeing that “wild west” of investment begin in Iraq. Only good things then can happen to the dinar.
11-20-2015 Intel Guru Frank26 They have LD’s coming, they have coins coming out…they have laws coming out…the budget is ready for 2016…they have Maliki up against the wall…the international community is going ballistic getting ready…and when they enter this RI into the RV phase you may not see this…and I don’t want you to see this…you don’t need to run to the banks then…this is for the whales and sharks…let them eat at that low rate. The lifting of the value of the Iraqi dinar is here…you are at that final stage…you are actually beyond that final stage.
11-20-2015 Newshound Guru rcookie THE LIQUIDITY OF DINAR CURRENCY IN CIRCULATION FOR TRANSACTIONS IS INADEQUATE…AND ULTIMATE STATED GOAL IS TO REDUCE DEMAND FOR THE DOLLAR WHILE CURBING INFLATION…AND PART OF DELETION ZEROES PROJECT…AND BASICALLY LIQUIDITY MANAGEMENT TOOL.