Iraqi Dinar Guru opinions 1-4-16
Iraqi Dinar Guru opinions 1-4-16
1-4-2016 Newshound Guru Millionday HERE IS A LIST OF THINGS THAT I PERSONALLY FIND AMAZING IN THE POSITION WE ARE IN RIGHT NOW… TODAY ISX WAS TO RETURN FROM AS STATED — THEIR VACATION. THE BUDGET WAS TO BE PRINTED IN THE GAZETTE A COUPLE DAYS AGO. THIS PAST MONTH IRAQ MET IN LONDON ABOUT THE ISX AND ALL IT IS OR WILL BE. THEY ALSO ANNOUNCED THAT THE ISX REVENUES OBVIOUSLY WILL BE INCLUDED IN THE GDP. IRAQ HAS ANNOUNCED THAT THEY ALSO WERE TO A COUPLE DAYS AGO LAUNCH CUSTOMS AND TARIFF. A COUPLE A DAYS AGO THEY ANNOUNCED THAT E-BANKING WILL BE LAUNCHED AS WELL.
1-4-2016 Newshound Guru Millionday THEY HAVE ANNOUNCED MULTIPLE MEETINGS BUT MOST RECENTLY THE MOST EXCITING TO ME IS WITH CHINA AND JAPAN AND OF COURSE WE ALREADY KNOW OF THE MANY AGREEMENTS WITH THE US OF A — EU — AND THE LIST GOES ON. THEY HAVE ANNOUNCED THAT THEY ARE LAUNCHING AND VERY PROUD OF THE ABILITY FOR BOTH PUBLIC (LISTED ON STOCK MARKET) — ZAIN AND ASIA CELL TO BE USED BY CITIZENS/CUSTOMERS TO PAY BILLS AND WIRE MONEY ALL OVER THE GLOBE. YES IT IS TRUE WE ARE VERY EXCITED AND THINGS ARE LOOKING VERY POSITIVE…SO GLAD TO SEE US MOVE WITH PROGRESS THAT WE ALL GET TO SEE TOGETHER — ITS BEEN A LONG RIDE.
1-4-2016 Newshound Guru rcookie …THE FACT THAT THE FREE FALLING PRICE OF OIL (RIGHT AT WHERE ALL INDUSTRY FORECASTERS EXPECTED IT TO BE)…IS THE EXACT REASON THE IMF…WB…AND UN MANDATED (INSISTED) THAT IRAQ DIVERSIFY ITS BUDGETARY AND ECONOMIC NON OIL REVENUE STREAMS…(WITH TARIFFS BEING THE MAIN DRIVER)… WITH THE EXTREME VOLATILITY OF OIL SUPPORTING THEIR BUDGET AND GDP…THE TARIFFS ARE NOT AN OPTION.
1-4-2016 Newshound Guru wmawhite [Have you completely ruled out a Float of some sort… maybe not starting at 1190… but at a higher figure?] IMO, even if it was to start to float, would it not start to be exchanged/bought/sold at a true value…not an artificial value…and [does] the world believe that the true value is much greater than 1166 or whatever. […when I first started in this the rate was 1170, then they moved it to 1166… now its 1182? for an APR rate, it sure is moving around.] The term “rate” is not a true description. The IQD has a buy/sell value given to it by the IMF for use inside of Iraq. We are waiting on an exchange rate to be given to it.
1-4-2016 Newshound Guru American Contractor The Central Bank of Iraq (CBI) published a report, which says something to the effect “Decides to re-evaluate these investment shares at the beginning of 2016.” I would like to draw attention to this because many have misinterpreted this statement. This is not the revaluation or the changing of the exchange rate in a positive nature. The CBI is requesting that all financial institutions in Iraq update and balance their bank books. The CBI sends this request each and every year about this time.
1-4-2016 Newshound Guru Millionday [do you think they need to launch the market economy before any particular date?] THEY HAVE MADE VERY CLEAR TO THE GLOBE THROUGH PROMOTION AND JUST ANNOUNCEMENTS AND OBVIOUSLY CONTRACTS AND INTERNATIONAL AGREEMENTS TO ENTER THE GLOBAL MARKET — THEY HAVE STATED THEY HAVE EVERY INTENTION AND ALL THEY ARE DOING IN TO ENTER A MARKET ECONOMY AND ACTIVATE THE PRIVATE SECTOR AND ‘MADE IN IRAQ’ BENEFITS AS THEY DIVERSIFY. THE DATE HAS NOT BEEN RELEASED BUT WHEN THEY STARTED DISCUSSING THE MOVE — THEY CALLED IT URGENT.
1-3-2016 Newshound Guru wmawhite I will repeat myself, “what do we know as fact?” Answer…the International Monetary Fund (IMF) two months ago…”he stressed that Iraq will return to economic market during the first half of next year (2016).” …there are no smoke and mirrors…it is just everyday life as the IMF is taking Iraq by the hand and fixing problems internal to the CBI and GOI. [I guess we are at the mercy of the IMF now?] We are at no one’s mercury…this is about Iraq and their future. We are here hoping to make a profit off of their good fortune.
1-3-2016 Newshound Guru mike The topic of lowering the value of the dinar has been bouncing around for months now. it’s not new. I know we have “assurances” from the CBI, but this move would save the GOI billions on payroll alone, and it’s pretty clear what the motives of the GOI are. They have very little regard for the common man in Iraq… Instead of moving the country forward with monetary and economic reform, these guys want to beg, borrow and steal to maintain the status quo. And that’s not an opinion, that’s a factual statement based on the actions of the GOI for the past 5 years I’ve been in this “investment.”
1-3-2016 Newshound Guru mike Even if they managed to coax dinars out of the mattress and lowered note count, I don’t see how it’s going to raise the value of the dinar based on demand, let’s face it, the only place a dinar is useful is in Iraq. Until they move to Article VIII how can there be any real demand? My biggest concern right now is if Iraq begins the float without the move to Article VIII, the dinar will then probably drop to the 1400-1 rate… The only hard and true backstop Iraq has is what? The reserves. Apparently, even the Iraqi’s have finally figured this out, they know, without change, the reserves will erode until there’s nothing left and the country becomes insolvent.
1-3-2016 Newshound Guru mike So, there seems to be two camps in Iraq, one wants to move forward with economic and monetary reform, the other wants to maintain the status quo. Over and over again Iraq has refused to do the right thing and move the country forward, why would de-valuing the dinar be so hard to believe and accept? I’m not going to be surprised at all if Iraq drops the rate to 1400-1, I’m just betting and hoping that the good guys somehow find a way to succeed and move this country forward and talk about lowering the value and 50k’s evaporate as the lower denoms come out with value under Article VIII.
1-3-2015 Newshound Guru OOTW ….THERE WAS A PRESS RELEASE TODAY , BASED ON A BANKING CONFERENCE WHERE SALEH AND DR. HAFIZ WERE IN ATTENDANCE…SO WHAT WE HAVE HERE IS A FORMAL PRESS RELEASE FROM DR.’S SALEH AND HAFEZ – ANNOUNCING THAT THERE NEEDS TO BE MASSIVE BANKING REFORMS –AND I LIKE THAT DR. ALNASIRI IS CALLING FOR MANY, IF NOT ALL, OF THE SAME REFORMS….THIS, WITHOUT DOUBT, IN MY MIND, IS CONNECTED TO THE IMF TAKING CONTROL/AIDING THE GOVERNMENT IN INSTITUTING ECONOMIC REFORMS TO PULL THE COUNTRY OUT OF WHAT WOULD INEVITABLY BE AN ECONOMIC DOWN-SPIRAL. JUST AS IMPORTANT, THEY ARE CALLING OUT THE CURRENT ADMINISTRATION OF THE CBI
1-3-2015 Newshound Guru OOTW …BECAUSE THEY HAVE MISMANAGED BANKING PRACTICES ; ALLOWED CORRUPTION TO CONTINUE VIA THE AUCTIONS…HAVEN’T SUPPORTED NOR IMPLEMENTED DEPOSITORS INSURANCE – HAVE NOT PUT IN PLACE ALL INTERNATIONALLY RECOMMENDED BANKING REFORMS…THIS IS VERY GOOD NEWS – YAY! LET’S SEE WHAT COMES OF THIS – I DEEPLY HOPE THAT THE CBI ACTING HEAD, MOHSEN, IS EITHER OUSTED OR MADE LAME – WE NEED TO SEE INTERVENTION IN THE CBI BANKING PRACTICES AND THIS ARTICLE SEEMS TO ME THAT THIS IS THE INTENTION…CONFIRMS THAT SALEH (ABADI’S ADVISOR) IS CALLING OUT CORRUPTION…AND WHAT’S MORE – THEY’RE POINTING THE FINGER AT MOHSEN/THE CBI