Iraqi Dinar Guru opinions 12-7-15
Iraqi Dinar Guru opinions 12-7-15
12-7-2015 Intel/Newshound Guru Poppy3 I AM VERY EXCITED FOR NOW THROUGH THE FIRST OF JAN. THINGS ARE AWESOME AND THE IRAQI PEOPLE ARE EXCITED…ABADI HAS TOLD (PROMISED ) THEY WILL HAVE MUCH MORE BUYING POWER.
12-7-2015 Intel/Newshound Guru tman23 Certainly Iraq must make changes… But with the kidnappings etc…etc… You have to ask yourself…How fast can they open a market economy and build infrastructure without foreign labor? Because right now skilled foreign workers are not going to flock to Iraq. Abadi needs to deliver something big…bigger then austerity and broken promises. Quite frankly he needs to pull a rabbit out of his arse at this point.
12-7-2015 Newshound Guru rcookie Article: “Parliament session for tomorrow devoid of the budget law” BUDGET NOT GOING TO BE HEARD IN TOMORROWS SESSION.
12-7-2015 Newshound Guru Kaperoni I continue to be reminded of the document we reviewed over a year ago from the IMF titled “from fixed to float” (in the Research Library) and the two ways the CBI could exit…either “orderly” or “disorderly. ” After everything that has gone on the last few weeks with the CBI, monetary policy, the critics, etc.. it sure seems “disorderly” (remember a disorderly exit is more out of necessity, which seems to be the case) to me. Guess we just continue to watch it unfold.
12-6-2015 Newshound Guru firefly Article quote: “…that the House will resume its sessions on Tuesday, noting that the 2016 budget law will be the first laws presence for discussion.” [is the budget still under discussion or ready for a vote?] …IMO READY. I’m pretty darn excited right now. As of today, I see no road blocks. Everything occurring as expected.
12-6-2015 Newshound Guru firefly [Looks like CBI is trading arabian currencies now?] Swapping currencies between countries now! WOW! So if they are swapping currencies that must mean…… [If that is true, it truly has begun!] Yes it has.
12-6-2015 Newshound Guru Kaperoni Article quote: “Sales of the Central Bank, Sunday, 209 million dollars in an auction today, on the sale of foreign currencies, exchange rate stable at 1166 dinars per dollar.” I would tend to believe the CBI spreadsheet over the media article. Still cannot understand why the media has not picked up on the 1182 yet. Very clear on the CBI the official rate is not 1166 anymore…”Auction price selling dinar / US$ 1182″. Based on my calculations of 1182 + 13 dinars (what it was before 1179 – 1166 = 13 dinar) brings us to 1195 as the rate the 2% spread would be based off of. 2% of that is 1218. So as long as the CBI keeps the Market Rate below 1218 it seems to me we are in compliance. Currently it is 1214 as reported. It is interesting the CBI made this effective December 1st. So March 1st would be 90 days if it holds and falls within the timeline stated…”Iraq that is due to the market during the first half of next year” Maybe we need a countdown clock to March 1st.
12-6-2015 Intel/Newshound Guru tman23 Do you know what they are referring to when they say..”the Central Bank is working on the application of parallel policy”? The IMF refers to parallel policy as the “dual exchange rates”…one being the CBI rate and the other being the market rate… The IMF’s Christine Legarde said sometime back in early 2015…The parallel policy has served Iraq well over the years, but the time has come for Iraq to work off a one exchange rate policy… If the IMF is loaning Iraq money, I would think it reasonable to assume Legardes words would be included…and the working on the application of “parallel policy” sounds like they are both going to exist…when reality may be they are working on moving to ONE.