Iraqi Dinar Guru opinions 11-22-15
Iraqi Dinar Guru opinions 11-22-15
11-22-2015 Newshound Guru wmawhite [IYO when those lower denoms hit the street, would a new rate already be established, or would that come a bit later? Or would it possibly come before they release the lower denoms?] Excellent question…Let me ask you…if a 1 IQD coin has a value of $0.00086…why would it be put on the street today? It wouldn’t…Same with the other new notes/coins. The Iraqis will not see them until well after the value of the IQD increases dramatically. IMO…I will be on the beach in St. Thomas by the time the LDs are fully in use.
11-22-2015 Newshound Guru wmawhite Here is something that came out today: “He pointed out that (the central bank next year will present another new currency worth 100 000 dinars and then followed the process of deleting the zeros currency in circulation is to be one dinar and 5 dinars and 10 dinars and 25 dinars and 100 dinars).” What does this tell me? This tells us that members of the Finance Committee know that the CBI plans on issuing a 1 IQD coin/note. Why? But 1 IQD only has a value of $0.00086. So why plan on putting something of such low value on the street? Why? Because, as the IMF has told us…Iraq will re-enter the global market by…When? Prior to the first half of 2016.
11-22-2015 Newshound Guru wmawhite Keep this straight…the international value changes first…3 to 6 months later the price of goods inside Iraq begin to decrease…then the LDs start to be put on to the streets for use. But we are gone/exchanged at the beginning…because we are concerned with the international exchange rate. The plans for LDs just tells us that Iraq will have a much greater value to the IQD. …we tend to get caught up in the currency…when that is german to Iraq…all we are looking for is the IQD re-enter the markets.
11-22-2015 Newshound Guru Kaperoni Article: “Financial Parliament (time): next year the economic situation will not be different from the current” Though this is not the timeframe we want to hear, it does confirm exactly what we have stated. The rise in value is directly related to the market economy which means we need the laws, agreements, insurance, investors, etc. As investment comes into Iraq, it will create inflationary pressure that will raise the value of the dinar. This is basic and fundamental monetary policy that is confirmed in the IMF Article IV Consultation from 2013 where they want the dinar to appreciate based on the Balassa-Samuelson effect.
11-22-2015 Newshound Guru Kaperoni Article quote: “…(the central bank next year will present another new currency worth 100 000 dinars and then followed the process of deleting the zeros currency in circulation is to be one dinar and 5 dinars and 10 dinars and 25 dinars and 100 dinars).” This article also confirms the specifics of the plan, the introduction of the 50k, possible 100k which will consolidate the physical note count prior to beginning of the deletion of zeros project…which will raise the value (and bring out the smaller denominations). I continue to stick with the timeline the CBI announced last summer (50,100, 200 by the beginning of 2017). I also believe the float has to start within the next 6 months in order to meet that CBI timeline. The next 6 -12 months will be very exciting times as we watch this progress.
11-22-2015 Newshound Guru Aggiedad77 Look to the calendar for the day and smile…indeed. The LD’s are home for the Holidays…Tucked in their respective drawers. All snug as a bug in a rug. Dreams of sugar plums dance through their heads. Oh what a few short weeks…the difference can make. Stay calm…stay grounded…be at peace…For the BEST is yet to come.
11-22-2015 Newshound Guru firefly Trust me, this plan does NOT include a LOP. The IQD is the ONLY currency in the past 10 yrs that has NOT lost any value. I do not see that changing any time soon…IMO…
11-22-2015 Newshound Guru wmawhite …Iraq/CBI will not LOP…What does every thing coming from the CBI, GOI and Parliament speak about… INCREASING the value of the IQD…a LOP is a dramatic DECREASE in value.
11-22-2015 Newshound Guru Millionday WE ARE WAITING FOR THE POINT THAT THE RELEASE OF PRICING IS NEEDED AND ACCORDING TO REPORTS…IT SEEMS TO BE CLOSE.
11-22-2015 Newshound Guru rcookie [it is impossible to hv an rv and issuing 50k notes…does not make sense at all…why will they issue 50k and delete the zero the same year?] DO YOU ACTUALLY BELIEVE THE IMMEDIATE AND COMPLETE COMPLIANCE TO ALL IMF…UN…AND WB MANDATES SUCH AS AML LAWS…BUDGET DEFICIT REDUCTION MEASURES THROUGH AUSTERITY REVISION…SALARY LADDER IMPLEMENTATION…ELECTRIC AND FUEL SUBSIDY REVISION…INVESTMENT LAWS PASSED…DISPLACED PEOPLES BUDGET REVISED…IMF & UN MANAGEMENT OVERSIGHT & MONITORING PANEL TO CBI IMPLEMENTED…FEDERAL JUDICIAL REFORM WAS ALL COMPLETED IN THE TIMETABLE THEY HAVE ACTED ON TO LET IT ALL SIT AND STEW FOR 2 YEARS…
11-21-2015 Intel/Newshound Guru Poppy3 […do you think the dong will also revalue as some say?] I HAVE A FRIEND WHOS BROTHER LIVES THERE AND HIS REPORTS HAVE BEEN ACCURATE. HE SAYS IT WILL HAPPEN TOGETHER FROM STATEMENTS FROM HIS BANKER.
11-21-2015 Newshound Guru Millionday Article quote: “…the State heading now towards investment in the private sector and encourage industries and trade, and open market GDP to maintain our industries and support…” THIS IMPLIES THAT THEY WILL BE USING THE PRODUCTS THAT APPLY TARIFF/CUSTOMS/ CONSUMER PROTECTION ETC — AND IT SAYS NOW. WITH THE EXTENSION OF PARLIAMENT AND THIS BEING THE REDENOMINATION PERIOD AS STATED BY SPEECH FROM CBI AND WITH THE ANNOUNCEMENT OF THE RELEASE OF LOWER DENOMS — THE INVESTMENT LAW DONE — THE TARIFF AND THE BUDGET FOR NEXT YEAR READY FOR VOTE YESTERDAY…THIS IS VERY EXCITING TO SAY THE LEAST…A HUGE WHOOOPOW.
11-21-2015 Intel/Newshound Guru Poppy3 FROM PREVIOUS SOURCES A COUPLE YEARS AGO…GLOBAL ECONOMY…TAKES APPROXIMATELY 5 MONTHS AT BEST AND THAT REQUIRES A RATE BEFORE THE 5 MONTHS PERIOD IS TO START…MEANING IF THE BACK DOOR DEADLINE SET BY THE IMF/WB IS JUNE 15, 2016 THEY GOT TO GET STARTED WITH A RATE WITHIN THE NEXT 5TO 6 WEEKS. TIME WILL TELL. I MIGHT ADD THEY ALSO HAVE TO REACH THAT SAME DEADLINE TO GET THE MONEY RELEASED FOR THE BILLION DOLLAR LOANS THEY GOT APPROVED FOR. I AM EXCITED.
11-21-2015 Newshound Guru firefly IMO, the WB, IMF and UN is running the show. When the timing is right (which in my opinion is very close)…The CBI will do what needs to be done!
11-21-2015 Intel Guru TD Very interesting comments from my Kurdish friend (treat all as rumor and please due your own sound diligence). My amigo states that the GOI, economic committee and CBI are now in unanimous consensus to finally execute the long awaited deletion of the zeros program with an anticipated rollout within the 1st half of 2016. This program will reduce the note supply dramatically with the retiring of the old notes and exchanging them with the new ones which of course will not have the extra 3 zeros. This is most certainly the LOP program. Their goal then will be to weed out all the old notes within a (still to be determined) short period, most proposing 60-90 days. Exchanges will only be allowed in certain provinces and NO notes outside these to be named areas will be honored. Any attempts to “bring inward” any outside held currency will be regarded as money laundering and subject to Iraqi prosecution. This long drawn out affair regarding the dinar will finally come to a conclusion.
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 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.