Iraqi Dinar Guru opinions 1-2-16
Iraqi Dinar Guru opinions 1-2-16
1-2-2016 Newshound Guru Enorrste Article: “Iraq begins in 2016 to cut its currency against the dollar” There are a few things that we must remember… The first is that the official policy of the CBI and the IMF is to move to a floating dinar. Second is the fact that both the CBI and the IMF expect the value of the dinar to rise, not fall, when it moves to a float. The third fact is that Saleh stated unequivocally that the recent change in the exchange rate from 1166 to 1182 (or 1190) is NOT a devaluation of the dinar but IS an ADJUSTMENT in preparation for something else. The fourth is the fact that there is a liquidity crisis in Iraq caused by the hoarding of up to 70% of all of the dinars in mattresses. Now, finally, this fifth element is coming into play. This adjustment will, as KAP [GURU KAPERONI] has stated rightly, in my opinion, cause the locals to unload their paper dinars, most likely for dollars.
1-2-2016 Newshound Guru Enorrste This is a short term move, in my view, done specifically to draw out the dinars so that they can be destroyed. Once the dinars start to come out of the mattresses the CBI will destroy them, thus reducing the money supply. Some will be exchanged for the new 50k notes, but the vast majority will be destroyed. With the destruction of money there will be upward pressure on the value of the dinar itself and this short term “issue” will have served its purpose (getting the money out of the mattresses). This is why Saleh has called it an “adjustment” instead of a “devaluation.” Bottom line: everything is still on tract as planned by the IMF/CBI. Therefore, this is not the change in monetary strategy. It is only an adjustment. The change in monetary strategy will come when the CBI announces a move from a fixed rate dinar to a floating dinar. I won’t be surprised if we see this within the next 60 days.
1-2-2016 Intel/Newshound Guru Backdoc I HAVE BEEN TELLING YOU TO WATCH IRAN AND THEN YOU WILL KNOW WHEN IRAQ WILL LAUNCH. THAT LOOKS TO BE TRUE AS WE SAW TODAY THAT IRAQ LAUNCHED THEIR ELECTRONIC PAY CARD, WHICH WILL WORK IN ALL COUNTRIES. THAT SMELLS LIKE AN INTERNATIONAL RATE!
1-2-2016 Intel/Newshound Guru Poppy3 WE ALL KNOW THE STATUS AND WHAT CBI , WB, UN, IMF HAVE ALL TOLD US IS HAPPENING SO REALLY ALL WE NEED TO DO NOW IS WAIT PATIENTLY AND LET THEM DO WHAT THEY SAID TO THE WORLD THEY WHERE GOING TO DO THIS MONTH.
1-2-2016 Newshound Guru rcookie …THE IMPORTANCE OF UNITED NATIONS OVERSEEING THE TRANSFER OF POWERS TO THE PROVINCES AWAY FROM CENTRAL….AND THE IMF MONITORING AND OVERSEEING EVERY SINGLE 2016 BUDGET ALLOCATION AND DISBURSEMENT TO THOSE PROVINCES IN 2016 BUDGET…TO ASSURE THAT THE MONEY ACTUALLY IS UTILIZED FOR WHAT IS IS APPROPRIATED FOR AND BENEFIT THE CITIZENS…INSTEAD OF STOLEN BY CROOKED POLITICIANS AND MINISTRIES….IT IS A WHOLE NEW LANDSCAPE! NEVER HAPPENED BEFORE…NEVER. THE PLAYERS…RULES…AND MOST IMPORTANTLY THE REFEREES HAVE CHANGED….
1-1-2016 Newshound Guru wmawhite I have never put a lot of significance into the beginning of the new year…until now. Because of the numerous statements that have come from the CBI, IMF and WB…I truly believe that these next few weeks are very possibly going to show a huge change in the monetary policy of Iraq…and hopefully, a change in the value of the IQD…and hopefully very good things for this investment.
1-1-2016 Newshound Guru Kaperoni Article: “Electronic payment service in the whole of Iraq and the Kurdistan Region, Asia cell announces the launch of electronic payment project (Asia Money)” This article is clear confirmation that the banking system is improving in Iraq which includes full cooperation with the Kurdish region. [Guru] Enorrste was really “pumped” over this.
1-1-2016 Newshound Guru mike Press release quote: “that Iraq has revived a plan to sell bonds in the budget of two billion dollars in 2016″ These guys are going to be short $40 or $50 billion for 2016 because of oil prices, $2 billion dollars is only two weeks payroll for these guys. They’re putting band-aids on bullet holes, it’s not enough.