Iraqi Dinar Guru opinions 12-9-15
Iraqi Dinar Guru opinions 12-9-15
12-9-2015 Newshound/Intel Guru BGG What is curious – the market rate is actually a tiny bit stronger… 1212 – and the number they are selling for “appears” weaker… 1182 – the real story here is…in one fell swoop – they just complied with IMF 2% Market/Sell rate guidelines…which I have said would happen all along…When it is time – they will “magically” be in compliance… which they are now – BOOM. …this recent “adjustment” seems a little convenient… they haven’t been able to get that under control – and now, for no identifiable reason – there it is. BTW – the spread has gotten 2 Dinars better since this “got off the ground” on Dec 1st… AND – my next “prediction” is – they will be given some “waiver/variance” to IMF regulations… (for instance, the 3 month compliance timeline…).
12-9-2015 Newshound Guru Kaperoni …the reality is the dinar cannot move until the market forces are created to raise the value. That means laws, and investment. …as investment capital comes into Iraq to invest through the CBI capital account, it will begin to create inflationary pressure, that pressure is what will raise the value. So unfortunately, nothing is going to happen until the Government of Iraq gets this moving forward. They need to activate the private sector by all means possible…tariffs, laws, stability, investors, etc. Open that big door to a market economy. Then and only then will the dinar rise…It’s called the Balassa – Samuelson effect if I recall.
12-9-2015 Newshound Guru Kaperoni I believe this is all scheduled to occur within the first 6 months of 2016. I believe the government plans to activate the market economy either just prior or at the same time the CBI meets the IMF conditions and accepts Article VIII (freedom of movement of capital) a requirement for global investment. The rate will probably move slowly at first, building momentum as the economy begins to grow and take off. I do not believe the Market Economy in Iraq can start until the banking system meets the IMF conditions and accepts Article VIII.
12-9-2015 Newshound Guru Adam Montana Things to take note of: – Parliament is currently active. The budget was on the agenda today and could be again tomorrow. – Part of the budget talks include oil law related items. Moving forward! And there is good stuff happening over there, although sometimes you have to look harder to find the positives. I still can’t say the magic words. There are lots of positive rumors floating around, but until they become fact…
12-9-2015 Intel/Newshound Guru Poppy3 …I DONT UNDERSTAND WHY PEOPLE THINK THEY CAN IMPLEMENT THE TARIFFS WITHOUT A NEW RATE BEFORE. TARIFFS ON THE RATE TODAY WILL NOT PAY THE OVERHEAD TO IMPLEMENT THEM. DR SHABIBI TOLD US THIS…IT WILL TAKE 3000 MORE EMPLOYEES TO IMPLEMENT AND ALSO THE RETURNS AT TODAYS RATE WILL NOT BE WISE. PLUS THEY HAVE TRIED AT LEAST 3 TIMES AND PROVEN THEY CANT GAIN ANYTHING WITH TARIFFS AT THE 1166 RATE.
12-9-2015 RUMOR Guru Bluwolf …there are no more delays, no more posturing, no more twists in the path. We are in the position of waiting now, waiting for a certain timer to finish its countdown and the act to trigger. All the tests have been done…They are standing by for what must be one of the most momentous events in our personal history.
12-8-2015 Intel/Newshound Guru Poppy3 THEY ARENT MONKEYING AROUND…THEY ARE PUSHING TO FINISH FINANCIAL REFORM EVERYDAY. THEY ARE WORKING FOR THEMSELVES AND IN TURN FOR YOU AND ME. HANG ON THEY ARE BRINGING IT TO US.
12-8-2015 Newshound Guru Aggiedad77 Article: “Parliamentary Finance: read tomorrow 38 articles of the 2016 budget law” makes me wonder just how many articles are in the budget for 2016…is 38 the sum total…or are there more…me…I’m hoping that 38 is all there is…let this be the second reading…so we may indeed see 12/16 as a “special” date…passage…..EARLY passage of the 2016 budget for Iraq…that is within the 15th to the 17th time frame that Frank [Guru Frank26] was looking for…The T&T…Taxes and Tariffs…of course…would just be icing upon the cake in that time frame too.
12-8-2015 Newshound Guru Millionday Article quote: “Handed over to the economic and investment commission parliamentary project sovereign wealth fund law to the government because of its importance in avoiding any emergency economic crisis.” THIS IS COMMON IN ALL COUNTRIES AND IS GREAT NEWS — IT COVERS NEEDED EXPENSES WHEN PROBLEMS OCCUR…THIS IS NORMAL AND EXPECTED — NORMAL INTERNATIONAL ECONOMICS. REMEMBER THIS IS IRAQ PREPARED TO DEVELOP THIS FUND – WHOOPOW. Quote: “The funding for a sovereign wealth fund (SWF) comes from central bank reserves that accumulate as a result of budget and trade surpluses, and even from revenue generated from the exports of natural resources.” THIS MEANS THEY WILL HAVE OR DO HAVE SURPLUS OR WILL HAVE SURPLUS –WHOOOPOW. [they aren’t looking at breaking even with the budget, they want to flourish?] THIS WOULD SHOW THAT THEY WILL FLOURISH — THE NUMBERS WOULD HAVE TO BE THERE IN FIGURES NOT HOPE.
12-8-2015 Newshound Guru rcookie THEY ARE MOVING TOWARD COMPLIANCE WITH EVERY IMF MANDATE…SALARY LADDER…SUBSIDY CUTS FOR ELECTRIC & FUEL…OVERSIGHT PANEL AT CBI…UN OVERSIGHT PANELS FOR TRANSFER OF POWERS TO PROVINCES. IN WRITING BAGHDAD ERBIL OIL AGREEMENT IN 2016 BUDGET…COMPLETE BY MIDDLE OF MONTH! [This will be an awesome blessing when the RV train finally pulls into the station…very exciting.] OMG YES!…WE ARE CLOSE!
12-8-2015 Intel Guru Frank26 Let’s look at December a little closer…the IMF told Iraq we are going to help you with…security, loans…everything… when we go into the first quarter of 2016 according to the contract you just signed with us you will be of international status…Article 8 compliant…you will have a currency with a new rate…after all that is what the contract says that you signed…well this looks like what they are doing… Dec 15th…what about this date…now this might melt into Dec 16th or Dec 17th…we aren’t sure but that is the date frame that we believe the taxes and tariffs to be implemented at the borders of Iraq…will they be implemented with new codes and a new rate? …from the 15th to the 17th…will tell us an awful lot…we need to see a change in the rate in this time frame…if they don’t they’ve lost the opportunity for the taxes and tariffs and with this 2% compliance that IMO equals a float. I mean golly…why swim half way across the English Channel only to swim back.
12-8-2015 Intel Guru Frank26 January 1st 2016…that is a perfect date for Dr. Shabibi IMO…and if it is a float then we don’t need no 90 days…if it is a float 90 days are null and void…a float is going…90 days is not necessary to wait for anything. January 11th…IMO…sometime after that date…you see prior to that date it could be anywhere from 10 cents, 20 cents, 40 cents but after that date it could be IMO…it could be 1 to 1…but I don’t know…we shall see…now if it isn’t it is because we are almost there. …it has started, that is the key to all of this…it has started…the fact that they have started the compliance of the street rate with the CBI…that is an Article 8 compliance that starts the float that takes them into the RV…then the CAP.