Iraqi Dinar Guru opinions 12-29-15
Iraqi Dinar Guru opinions 12-29-15
12-29-2015 Intel Guru Hub the dinar was instituted in 1932 and was valued at 4.75 plus, in ’49 devalued to 2.50 or so…in ’71 till ’93 was about 3.30…hussein had it 3.22, UN stepped in and it went 3000 dinar to 1 usd. …why would a country have one of the most valued currencies in the world and are now only ahead of VN ZIM, and a few others in that caliber. we know the answer, just do it…i just know eco 101 says it has to happen to stay in the forefront of the world economy.
12-29-2015 Newshound/Intel Guru BGG [With all that has been done to date, laws, corruption security, loans promised, Can this go on at 1166 past Jan 1st when 2016 budget is supposed to be opened?] Simple answer – yes… complicated answer… how much past that date…? probably not long… […could you give us 2 or 3 reasons why many are suggesting by Jan1 or soon after?] really – ANYTHING CAN HAPPEN at this point… meaning anything at anytime…
12-29-2015 RUMOR Guru Mnt Goat …after all is said and done – it is still, in my opinion, the ONLY solution really to this dilemma is to REINSTATE the Iraqi dinar first to just over the value of the US dollar 1: 1 creating the incentive to exchange dollars for dinars. Pop out the lower denominations quickly (as planned in 2012-2013) thus starting the de-dollarization process. I believe it could move very quickly from that point. Then later, once inflation is under control, they would have to fully RV to pre-war values plus equity, rolling the currency back out to the global exchanges and placing it on a floating currency regime (as Iraq fully intends to do since they told us so in…articles…).
12-29-2015 Newshound Guru mike Article “Iraq Stock Exchange traded more than 600 billion shares worth about 500 billion dinars” What stands out to me is how small the ISX really is, total months trading equaled just $495 million and it’s total worth is only $7.5 billion dollars. I realize it’s not a fair comparison, but the NYSE is worth over $19 trillion and average daily trading in 2013 was $169 billion. Iraq desperately needs foreign capital to get these guys off the ground.
12-29-2015 Intel/Newshound Guru Poppy3 …IT WAS BECAUSE OF A INVESTMENT ADVISER COMPANY AND THEIR STAFF THAT I WAS INTRODUCED TO INVESTMENT IN DINAR. THEN I STUDIED IT FOR 9 MONTHS 12 YRS AGO BEFORE I PUT A DIME OF MY FAMILIES MONEY IN IT AND I HAVE NEVER STOPPED BELIEVING IN IT THAT MY RESEARCH AND THEIRS WAS CORRECT. IF IT WAS A GREAT INVESTMENT THEN IT IS 100 TIME GREATER TODAY. …STUDY THE CURRENCY OF EVERY COUNTRY THAT HAS EVER BEEN LIBERATED BY WAR…END OF DISCUSSION.
12-28-2015 Intel/Newshound Guru Poppy3 …BEST NEWS FROM YESTERDAY…IT WAS ANNOUNCED THAT THE CBI WOULD REMOVE THE RATE OF THE DINAR FOR THREE DAYS. THEN CHECK YOUR MEMORIES THAT THE GOOD DOCTOR SHABIBI STATED HE WOULD NEED THREE DAYS CBI DOWN TO INTRODUCE THE NEW RATE. [what date did the CBI state they would not show the rate for 3 days?] JANUARY 1, 2, 3. [are you a fan of the 1:1 Ri and later an RV or get er done at 1 time?] MY STANCE HASNT CHANGED SINCE OCTOBER OF 2010 WHEN THE IMF POSTED ON THEIR WEBSITE THE AGREEMENT WAS MADE TO ALLOW IRAQ $3.22 CENTS AND UP TO 20% MORE FOR THE COST OF INFLATION DURING THE WAR. NOW SINCE THAT TIME NOT ONE, I REPEAT NOT ONE OFFICIAL PERSON THAT HAS SQUAT TO DO WITH THE RATE HAS EVER ANNOUNCED ANYTHING DIFFERENT AS A POSSIBLE RATE.
12-28-2015 Intel Guru SteveI Article: “Iraqi army declares first major victory over Islamic State in Ramadi” Excellent progress…great news.
12-28-2015 Intel/Newshound Guru Poppy3 Quote: “Ahmed Al Thani…The end of the year and the central bank will stop the exchange rate for a period of two or three days of the end of the year” shabibi always said they would need 3 days to change the rate NOW SOUNDING EVEN MORE PROMISING FOR RATE CHANGE.
12-28-2015 RUMOR Guru Mnt Goat The value of any currency is all about having confidence and speculation that in HOLDING the currency it will provide more purchase power than any other readily available currency and so the citizens will prefer to use it instead. Has the CBI done this? The answer is a BIG FAT NO! To help to ultimately raise the value of the dinar in the long run is first to get the economy off the US dollars. One measure the CBI claims recently taken was to lower the rate of the dinar making it more expensive for the banks to purchase US dollars in the auctions. Will this help? My opinion is that this measure alone WILL NOT help much because as long as you have the DEMAND for the dollar the banks will pursue them…Supply and Demand rules over the value of something.
12-28-2015 RUMOR Guru Mnt Goat So without some major adjustment to a significant value to their currency they will continue to kick this can down the road forever. Remember their currency was shut off by intentionally downgraded it by the IMF depriving terrorists and the Iraq military from having the funds to fight the Iraq war coalition soldiers. It was NOT a matter of not having value! I can assure you the solution has nothing to do with implementing tariffs or customs or taxing the people. The solution is a simply supply and demand for their currency over another currency.
12-28-2015 Newshound Guru Millionday THERE IS A REPORT OUT STATING THAT THE DINAR IS GOING DOWN IN VALUE AND THAT IS WHAT THEY ARE GOING TO DO. IF SOMEONE SPENDS TIME TALKING ABOUT IT PLEASE TELL THEM THAT [THEY] WOULD NOT DO ONE THING TO TAKE IRAQ IN THE DIRECTION THEY HAVE BEEN DISCUSSING. IMO — IGNORE IT — IT MAKES NO SENSE.