Iraqi Dinar Guru opinions 12-1-15
Iraqi Dinar Guru opinions 12-1-15
12-1-2015 Newshound Guru Enorrste …the CBI plan is two-fold: first to reduce the paper count from 4 billion notes to 1 billion notes: and second to reduce the total money supply from 40 trillion dinars to 40 billion dinars. The introduction of the larger 50k and 100k notes in itself only deals with the first objective, reducing the paper count. However, this alone would not reduce the paper from 4 billion pieces to 1 billion. At most it might reduce them from 4 billion to 2 billion, and probably not even that much since there are also the 1000, 5,000, and 10000 dinar notes in circulation. Therefore, in addition to the even exchange (two 25k notes for one 50k note, for instance), the CBI will also be reducing the circulation even farther by removing 25k notes directly from the market.
12-1-2015 Newshound Guru Enorrste This will reduce the total value of the money supply from 40 trillion dinars to 40 billion dinars over time. In the process of reducing the value of the money supply the value of an individual dinar rises. It is this rise that will increase demand for dinars as opposed to dollars. The savy Iraqi will see that, over time, he gets “more bang for his dinar” than he does for his buck. It is through this second method that the CBI will raise the value of the dinar. The introduction of the 50k note in and of itself has no affect on the value of the dinar… It is only the second action, a further reduction in paper and value of the total money supply, that will raise the value of the dinar and through that process reduce the demand for dollars. As the demand for dollars is reduced the reserves of Iraq are made more secure, which will also help support the rising value of the dinar.
12-1-2015 Newshound Guru Millionday THE MOVE NOW IS TO GO FORWARD WITH ALL REFORMS AND SADR REAPPEARS ASKING FOR ABADI TO MOVE FORWARD WITH THEM NOW AS WELL. THE REFORMS ARE CONSTITUTIONALLY COMPLIANT — THE CONSTITUTION GIVES THE RIGHT TO IRAQIS TO FLOURISH AND THE PROMISE OF THE GOV TO MAKE THAT POSSIBLE. SO THE MOVE NOW IS ITS DEVELOPMENT AND RELATIONS WITH THE WORLD — EXPANDING REFORMS AND OF COURSE ACTIVATING THEM THROUGH THE LEGISLATION CALLED FOR AND THE HARD WORK PUT FORTH. [TIME FOR AN RV TRAIN? NO DATE OR RATE OF COURSE…] I DON’T KNOW THE DATE BUT HEAR SOMETHING AROUND THE BEND.
12-1-2015 RUMOR Guru Mnt Goat Article quote: “Iraq also revived a long-delayed plan to redenominate the Iraqi dinar by knocking three zeroes off the nominal value of its banknotes… The plan is set to be implemented by 2017 after restructuring dinar by issuing two large banknotes — a 50,000 dinar note before the end of this year and 100,000 banknote next year and canceling small ones”. So what does this tell us? It tells us they are right on track with their plan for currency reform when the 50k notes was launched (in November just before the end of “this” year – 2015)… …there is a lot good news and its is all still pointing us in the right direction. It can only get better as time progresses. Like a detective searching for clues this RV saga can be exciting too. Let’s see what happens next as we enter the last month of December and then 2016.
12-1-2015 Newshound Guru Kaperoni Article: “The issuance of new currency category 50 000 … do you raise the value of the dinar or reduce it?” …I recall a chart…that showed the physical notes in circulation. The 250, 500, 1000, 5000 were minimal compared to the 10k and mainly 25k’s. These 50k’s will be used IMO to reduce the 25k’s. If you think about it, if the majority of notes are 25k, and you can cut the amount in circulation by 50%, that is substantial. I have stated before and will again…I think this is a way to reduce the notes, and strengthen the dinar in the market (reduce the spread and create demand) before they move to the float and begin to allow the value to rise. I think we can say with some certainty that the CBI and IMF are now working not only to overcome the one remaining restriction (2% spread), but move the banking system to the next level which is what we all want. I do not believe that is as far off as some believe… remember the IMF only signed a one year deal to help.
11-30-2015 Intel/Newshound Guru tman23 One of the things that troubled me was folks saying…Oh if it comes out at 67 cents I will wait 30 days …And my point to everyone is beware of the options or what could happen…Because everyone is calling for a rate…I am saying they can do it and RV but it would be a short window to exchange because there are no lower denoms…So if you missed the 67 cent window…you may get a 1.50 window but without the 3 zeros in the exchange rate.
11-30-2015 Intel/Newshound Guru Poppy3 NOTHING IRAQ HAS DONE FOR 3 MONTHS EVERY MEETING, EVERY DAY, THEY WOULD NOT NEEDED TO DO IF THEY WHERE NOT PREPARING TO RAISE THE RATE OF DINAR AND JOIN THE GLOBAL MARKETS. …NOT ONE THING WAS NEEDED EXCEPT TO GO GLOBAL.
11-30-2015 Newshound Guru firefly NOBODY knows the date but I’m sticking with TIMING! Iraq needs to make certain that all the numbers are correct. One glitch could be disastrous for them and the countries that support them…so yes TIMING. And IMO the clock is about to strike 12. [so timing = when they’re good and ready.] IMO they ARE ready.
11-30-2015 Intel/Newshound Guru Poppy3 [Abadi AND Saleh both told us in Dec of 2013 that the deletion of zeros PROJECT will occur in 2015.] THAT WAS THEIR TARGET AND THEY ARE VERY CLOSE. WE CAN ONLY PRAY THEY REACH THE END OF THE MUST COMPLETE LIST IN TIME TO MAKE IT.
11-30-2015 Newshound Guru Aggiedad77 Article: “Jubouri cancels his visit to Brussels because he is busy passage of the budget” Well I would say that is a prudent business decision on Jubouri’s part to stay and work on getting the 2016 budget passed. Is this yet a breath of fresh air for the Iraqi Parliament to have their priorities straight for a change…I’m hoping so…would be nice to see the budget approved before the end of this year.
11-30-2015 Intel/Newshound Guru Backdoc HANG ON TO YOUR HATS, SEATS, AND TICKETS, FOLKS, THE SDR TRAIN IS ABOUT TO ROLL! MY EYES WILL BE FOCUSED ON THE WEE HOURS OF THE 7TH GOING INTO THE 8TH. IF ALL GOES WELL, BY MID DECEMBER WE WILL SEE OUR DECEMBER TO REMEMBER WITH AN INTERNATIONAL LIVE RATE OF MANY CURRENCIES! DON’T BE IN A HURRY TO SWAP YOUR CURRENCY THEN, JUST LET THE REAL VALUE CLIMB! BY THE END OF THE FIRST 90 DAYS YOU WILL SEE THE INTERNATIONAL RATE REACH MATURITY TO RI STATUS. IMO I THINK THERE WILL BE A MUCH HIGHER RV (REVALUE) RATE MONTHS LATER. TIME WILL TELL.