Iraqi Dinar Guru opinions 12-15-15
Iraqi Dinar Guru opinions 12-15-15
12-15-2015 Newshound Guru Millionday Article quote: “the meeting presidencies Saturday evening in the presence of leaders of political blocs stressed the need to pass the oil agreement…” THEY HAVE AGREED ON THE HCL. DURING THIS WEEK THE HCL WILL BE VOTED IN FOLLOWING THE BUDGET VOTE…ACTUALLY EXPECTED ON THE 16TH. IT MAY NOT BE SAME DAY BUT THEY STATED IT WILL BE THIS WEEK.
12-15-2015 Newshound Guru Kaperoni I believe some in Iraq think that the issuance of the larger notes will raise prices in Iraq and bring back inflation. And as a result allow the CBI to remove the 250, 500 (like they did the 50). What would be left would only be 1000, 5000, 10000, 25000 and 50000. As a result they could delete 3 zeros via LOP at 1 to $1. This theory is not what is going to happen. What is going to happen is exactly what the IMF stated. Which is appreciation of the dinar based on investment.
12-15-2015 Newshound Guru Kaperoni So what we are seeing now is efforts to pass laws, banking compliance, etc. to create the environment for international investment. As a result, Investors and investment will come into Iraq, deposit funds through the Capital Account of the CBI and participate in Iraq’s rebuilding, infrastructure and market economy. This will in fact create inflationary pressure, the result of that will NOT devalue the dinar, but will allow the CBI to raise the value of the dinar. And as stated directly in the IMF Article IV Consultation, it’s called the Balassa-Samuelson effect.
12-15-2015 Newshound Guru Kaperoni The IMF will get the CBI to join the worlds money game sometime in 2016 and after that, supply and demand takes over… It’s hard to stay optimistic…But this will not fail. Hundreds of countries have signed agreements over the years to invest, and even more companies are committed to set up businesses. If you need an example just look to how busy the Kurdistan region was from 2005-2012 before the downturn and ISIS war. We must be patient and wait for it to happen. Let it come to us.
12-15-2015 Newshound Guru Breitling This is driving people nuts and I don’t know why…there was a change in the value of the dinar and people are trying to speculate what that means and what’s going on. I’ve used this analogy before…what makes special forces elite and better than anybody else? It’s their training. So whenever they have a task to accomplish they are not guessing. They have a plan a, b, c, d and e with multiple scenarios and multiple exit plans. The reason I tell you this is that is exactly what Iraq is doing with it’s currency. That is the only reason the value changed this last week. It’s because they are testing the market. But they are testing it at a very small level. Why are they doing that? Because they don’t want to guess. There should be a direct response on any type of movement of a currency…It’s a test and nothing more. They want to see how the market reacts. That’s policy. The other question that’s kind of interesting is
12-14-2015 Intel/Newshound Guru Poppy3 I FULLY EXPECT TO SEE A NEW RATE TO SHOW THEN THE AUCTIONS TO STOP THE NEXT DAY. WE WILL SEE BUT A 24 HOUR PERIOD MAY BE LONG ENOUGH. IF I REMEMBER CORRECTLY DR SHABIBI BEFORE STATED HE WOULD NEED 3 DAYS TO CHANGE? IN THIS CASE DONT KNOW IF THAT STILL APPLIES? [Do you really think this could be the end of the line for our investment. Meaning an RV this week.] I SAID A MONTH AGO BY JAN 1…I STILL THINK THAT IS RIGHT. NOTHING NEGATIVE SINCE I STATED THAT ONLY BETTER INFORMATION. WE ARE CLOSER DAILY NOT STATUS QUO OR NEGATIVE ONLY PROGRESS.
12-14-2015 RUMOR Guru Mnt Goat Article quote: “The Iraqi dinar’s exchange rate was equal to $3.3 before the outbreak of the Iran-Iraq War…” …today’s article from Tamami is…informative. It is a GOLDEN NUGGET for us…she tells us the old rate of $3.30 is no longer used for any currency although it has not been officially cancelled. I think she means the old currency was downgraded due to the war and not down graded due to not being of value worth $3.30. This confirms what we already know that they fully intend to raise the value back to at least the $3.30 rate. Some say it’s $3.22 but…You get the point. …I have been told their target is to increase the demand for the Iraqi dinar over the US dollar by increasing the value of the dinar. This is the initial 1:1 par value I have mentioned many times. This is not yet the RV…The RV comes later and will be much more than this initial inflation busting adjustment. It will be $3.30+ and I am told around $4.20ish.
12-14-2015 RUMOR Guru Mnt Goat Many events seem to converge on the month of December and now January, and in particular mid December close at hand, so let’s pay close attention to what is happening these next couple months. I believe in retrospect we will say this was a very significant time. I want to keep all of us focused on currency reform. Right now this is exactly what we should be watching in expectation of the launching of the lower denominations. Many sources have told me the plan of the CBI is to launch the lower denominations sometime around early February 2016. Will it occur? We can only wait and watch.
12-14-2015 Intel Guru Frank26 There are 100’s of LAWS coming into
ACTIVATION NOW. THE MR [MONETARY REFORM] OF THE IQD FOR DRS [DR. SHABIBI] AND HIS CBI IS LOCKING ITSELF INTO INTERNATIONAL POSITION WITH THE GRIP OF MEGATRON.
12-14-2015 Newshound Guru Enorrste I think that it is safe to conclude that withholding the 50k note distribution until the end of January or even in February is because if they did issue them now the locals would just squirrel the large bills away in their mattresses just as they are doing with the 25k notes. Having said that, however, it is also my view that the CBI/IMF must have plans in place to get an FDIC type of law in place prior to the end of January. Once that law is passed and in place then confidence in banking will return. As the people bring their 25k notes out of the mattresses they can be either deposited or exchanged for 50k notes. In either case, the 25k notes get released back to the CBI who can burn them, thereby reducing the total money supply and allowing for upward pressure on the value of the dinar. I conclude, therefore, that we should begin to see a rise in the value of the dinar by early February, including, hopefully, a change in the exchange rate regime to a float.
12-14-2015 Newshound Guru Chattels Abadi said in a speech at the annual Iraq Banking Conference on his behalf by Minister of Planning and Salman al-Jumaili, that…Quote: “…the time has come to activate the economic, agricultural and tourism sectors, stressing that the government is determined to activate the role of private banks.” and “the adoption of the state a new philosophy based on free market economy, privatization is supposed to be based on support measures this transformation and the development of other measures the evolution of the banking sector.” Godspeed the completion of the Iraqi banking sector reform project!
12-14-2015 Newshound Guru rcookie Article quote: “…economic expert, Salah al-Din Kaku, that Iraq depends on oil revenues by more than 80 percent, indicating that the decline in oil prices is necessary for Iraq to take swift action to lift the economy.” THIS ARTICLE SUPPORTS THE DIRE NEED IN IRAQ TO IMPLEMENT ALL OTHER ECONOMIC REVENUE STREAMS TO RELIEVE BUDGET BURDEN ON VOLATILE OIL MARKET PRICING…LIKE TAXES & TARIFFS…AGRICULTURE AND THE INDUSTRIAL MANUFACTURING SECTOR…OR PREDICTION OF TOTAL COLLAPSE OF IRAQI ECONOMY IN 2016.
12-14-2015 Newshound Guru Kaperoni The market economy cannot succeed without freedom of movement of capital. And everyone knows it is grossly undervalued. Once the laws are in place and the CBI moves to Article VIII and changes regime from fixed to float, the dinar will only go one way..that is up. …we should be excited, the CBI has followed very precisely the IMF the last few weeks. A great sign of what’s to come.