Iraqi Dinar Guru opinions 12-8-15
Iraqi Dinar Guru opinions 12-8-15
12-8-2015 Newshound Guru Millionday Article quotes: “Executive Director of the Association of Iraqi private banks Ali Tariq that the third conference to be held by the Association in the 12 and 13 of this month in Baghdad…will chart the work of private banks map in Iraq in the coming year” THIS…WILL BE THE ROLES OF ALL BANKING FOR THE NEXT YEAR…THIS IS NOT FOR
RECOMMENDATIONS…IT IS THE ACTUAL PLAN TO BE DONE — THE MAP. THE MERGE OF BANKING — ISX — PRIVATE SECTOR AND PUBLIC WILL ALL BE DONE ACCORDING TO THIS AND THE CONFERENCE. THE BANKING CONFERENCE WILL BE GIVING OUT ALL THE ORDERS FOR ALL BANKS TO DEVELOP IRAQ AND MAKE ALL MOVES THAT ARE PLANNED FOR 2016. THIS IS THE ENTIRE DEVELOPMENT OF THE BANKS TO GO TO A MARKET ECONOMY. THIS IS HUGE…
12-8-2015 Newshound Guru Kaperoni Article: “Search our economy unique to the deployment of the central bank governor on the sale of currency and monetary reserve Iraqi window” …the CBI is trying to demonstrate they can manage the currency within the guidelines of the IMF. If the CBI can’t maintain a spread through the daily auctions (a sort of supply and demand) in a closed system, how in the heck would they ever manage the dinar when it floats worldwide via true supply and demand? …under Article XIV, the CBI is learning how to manage an exchange rate. It is in the CBI’s best interest to achieve the goals set forth by the IMF so they can join the big boys. It is in hope that happens by sometime next year.
12-8-2015 Intel/Newshound Guru Poppy3 FULL PARLIAMENT IN SESSION ON THE 8TH. AGENDA WILL BE SET IN THE MORNING. COMMITTEES AND TEAMS HAVE BEEN MEETING FROM THE FIRST DAILY. HOPE ALL COMMITTEES FINISHED THEIR DUTY. [Do you foresee a lot of stuff getting done between now and new years?] YES I DO LOTS OF MOVEMENT.
12-8-2015 Newshound Guru firefly [Have you seen any current information on the taxes and tarriffs going into effect on december 15th?] All I KNOW is it HAS to be VERY soon. Have faith, we are oh sooooo close.
12-8-2015 Newshound Guru wmawhite It is true…that individually we do not know when…but we have been that the IQD will change in value…and the IMF has told the world what their expectation is. The IMF stated 3 weeks ago concerning Iraq: he stressed that Iraq will return to economic market during the first half of next year.
12-8-2015 Intel/Newshound Guru Poppy3 THINGS LOOKING VERY GOOD. EXPECT RV IN OR BY THE FIRST. CONSIDER THE FACT THAT EVERYDAY FOR MONTHS NOW ABADI HAS BEEN ON TRACK AND PUSHING EVERY BUTTON TO MEET THE RATE ASAP. NONE OF ANY OF THE THINGS THEY ARE DIRECTLY FOCUSED ON WOULD BE NEEDED AT ALL EXCEPT TO RAISE THE RATE OF THE DINAR. NOTHING NOT ONE THING THEY HAVE DONE NEEDED TO BE DONE IF THEY WHERE NOT GOING TO RAISE THE RATE…THIS WEEK IN THE PAPER AND TV NEWS IN IRAQ THEY WILL HAVE MORE BUYING POWER THIS YEAR. HE ALSO ANNOUNCED THAT LOWER DINAR WAS BEING DISPENSED TO ALL BANKS. HOW MUCH CLEARER CAN THEY MAKE IT. ITS BEGINNING TO LOOK LIKE A VERY HAPPY NEW YEAR AND MAYBE A VERY MERRY CHRISTMAS.
12-7-2015 Newshound Guru rcookie Article: “Iraq follows (95) Convention of economic cooperation with the countries of the world” IRAQ HAS AGREEMENTS WITH OVER 95 COUNTRIES IN THE WORLD FOR INCREASING TRADE VOLUME AND DEVELOPING ECONOMIC TIES…FOSTER ECONOMIC DIVERSIFICATION.
12-7-2015 Newshound Guru Kaperoni Article quote: “…the Iraqi Central Bank Governor d. Ali Mohsen Keywords that the cash reserves of the Central Bank is still good, according despite all appearances and challenges that surround the economic, financial and monetary reality in the country with international standards…” I still find it sorta funny how the Iraq’s keep asking for help, yet do nothing themselves. Much of this would be a non-issue if they would just pass the laws to get the market economy going. Nobody is going to do that for them. …these laws are in the hands of parliament and for whatever the reason (and against the desire of the citizens) they don’t get passed.
12-7-2015 RUMOR Guru Mnt Goat Rumor: The Lower denominations are being launched in regions in Kurdistan. THERE ARE NO LOWER DENOMINATIONS BEING LAUNCHED IN IRAQ! ..in order launch the lower denominations they must need a significant increase in the value of the dinar first. These two events MUST coincide within hours or days of each other. Clarify confusion and rumors over the launching of the new 50,000 notes a couple weeks ago: …common sense tells us these lower denoms and 50k notes are really meant for use only after a significant increase in the value of the dinar. …the FIRST launching was a flop? Maybe they plan to first RV prior to re-launching the 50k notes in 2016? Don’t forget they also keep telling us they fully intend to launch the new 100k notes in 2016 too and also even a new 500 note. Surely they will not do this either without an RV.
12-7-2015 RUMOR Guru Mnt Goat Rumor: The CBI must find a way to increase the value of the dinar over the US dollar. There are many rumors this had already been done…thinking it is already on some kind of a “float” and it is just going to “float” to the value we need (1:1). Really? They forget one thing though – its not yet international? Remember …when they do achieve a 1:1 value this…will NOT BE THE RV. The full blown RV comes later to bring the true asset backed value to their currency but first they MUST be able to control it inflationary value at par to the US dollar (IMF mandate). Many events seem to converge on the month of December and so let’s pay close attention to what is happening this month. I believe this will be a very significant month. The reform process is actually a 2 year process and once stopped it is like stopping a train and so the start it again it takes effort and time. But the train is rolling once again and picking up momentum. It is almost at its destination…