Iraqi Dinar Guru opinions 1-18-16
Iraqi Dinar Guru opinions 1-18-16
1-18-2016 Intel Guru SteveI [I know you thought at one time it would be 3+ however Maliki really screwed up that opportunity for his own people.] Due to the new IMF agreements, it will be close to a 1 to 1 rate. Maybe a bit higher but not much.
1-18-2016 Newshound Guru wmawhite The IMF published an announcement to the world outlining specifically what is left for Iraq to complete in order to move to Article 8. Did the IMF say anything about Iran and its sanction affect the value of the IQD? Answer: no, they did not. I do not understand what Iran has to do with what the IMF is already working with Iraq about. The IMF puts out a detailed document about where Iraq is with entering the market place and guess what…it did not said anything about Iran…so what does the price of chickens in Iran have to do with the IQD?
1-18-2016 Newshound Guru OOTW …AMNESTY AND NATIONAL RECONCILIATION ARE NOW BEFORE JOBOURI, ABADI, AND MASSUM AND THEIR RESPECTIVE COMMITTEE’S. ONCE THOSE ARE PASSED THEN THEY WILL TACKLE THE TEXT (REVISIONS OR FORMATION OF) OIL AND GAS LAW. THE FEDERAL REVENUE SHARING LAW HAS HAD TWO READINGS AND WORKS IN CONJUNCTION WITH THE HCL. AGAIN… I DO NOT SEE OIL AND GAS A PRECURSOR TO AN “R—V”…HOWEVER, IT’S VERY GOOD TO SHOW COHESION BETWEEN ALL PROVINCES INCL KURDISTAN. I SURE HOPE THAT THEY SPEED THINGS UP…NEXT SESSION…JAN 19.
1-18-2016 Newshound Guru Breitling …Iraq is selling their gold for dinar and that told us how valuable the dinar is. What are we looking at? It’s advantageous for Iraq to sell their gold for dinar to reduce their note count and buy gold at the same time so they can back up their reserve. What’s the other part? It’s supply times velocity… the competition of the US dollar inside of Iraq. This is the article that makes me very very happy…
1-18-2016 Newshound Guru OOTW THE IMF HAS STATED IN THEIR REPORT WHAT IRAQ NEEDS…WE WATCH THE LAWS THEY ADVISE NEED EITHER PASSING OR IMPLEMENTATION AND THE AUCTIONS… ALTHOUGH – SOME HAVE SPECULATED THAT THEY MAY RELEASE THE VALUE OF THE CURRENCY BEFORE THEY MOVE TO ART 8 (CURRENCY REFORM PRIOR TO ACCEPTING ART 8) AND THEN THEY MAY ADJUST THE RATE AFTER THOSE TWO MOVEMENTS. IT’S GREAT THAT THE INVESTMENT LAW IS IN THE GAZETTE NOW PRIOR TO THE END OF FEB DEADLINE. SO—THE WAY THE PARLIAMENT/HOR PASSES LAWS, IS NOW VERY IMPORTANT.
1-17-2016 Newshound Guru wmawhite As of December 2015 this is where Iraq is. This is from the IMF: The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions. Do you think that the IMF is so un-informed that when they made this announcement that they did not know about Iran nor the forecast for oil prices? …IMO, all is very well. As I posted, the IMF has informed the world exactly where Iraq is with their move towards Article 8 and the markets.
1-17-2016 Newshound Guru Breitling There are two stages of the devaluation…you had Saddam Hussain under the old currency and at it’s peak without the note count being messed with it was $3.25 at 1 billion notes. When they introduced the new currency they actually introduced so much in the market…let’s say they went back to the original note count with the economy Iraq was in after the 2nd Gulf War…it was estimated that it would have been around $1.25 because of supply times velocity, the economy, they weren’t pumping out the oil…that was the economic state they were in..
1-17-2016 Newshound Guru Breitling So it was about $1.25 but they didn’t do that what they did was they started pumping out dinar right off the bat…tons of it. You had to have faith that Iraq was going to reduce the note count. So the currency isn’t devalued…it is not a market based devaluation it’s an economic strategy devaluation. And it’s held at this price for a strategic purpose…Iraq has hit every point they need to hit with their currency and the way they’re adjusting it to build their economy and then they get it to a certain point and guess what? They are going to begin to reduce the note count and they’ve done that.
1-17-2016 Intel/Newshound Guru Poppy3 HEARING RUMORS UNCONFIRMED BUT THAT IRAN CENTRAL BANK HAS ALREADY ANNOUNCED THEIR RV. HOPE THEIR NEIGHBOR COUNTRY AND TRADE PARTNER WILL TAKE A HINT AND FOLLOW THEIR ACTION. THIS SHOULD CAUSE UNBALANCE TRADE AND MORE PRESSURE ON IRAQ. TIME WILL TELL.
1-17-2016 Newshound Guru Millionday …SUMMARY…THE INVESTMENT LAW IS PRINTED IN THE GAZETTE. THE PARLIAMENT SESSION WAS TO BE THE 16TH OF THIS MONTH AND HAS BEEN CHANGED TO THE 19TH. LET ME COVER ALL TO BE VOTED ON AT THAT SESSION — (THIS DOES NOT MEAN THAT ECONOMIC REFORM WILL WAIT FOR THIS SESSION — WE DO NOT KNOW THE DATE). THE PARLIAMENT REFORM VOTE — THE FEDERAL COURT ACT — THE AMNESTY LAW — THE LAWS NEEDED FOR LEGISLATING THE NATIONAL RECONCILIATION CONFERENCE…ALL OF THESE LAWS ARE SO PLANNED TO BE VOTED THROUGH THAT THE FEDERAL AND KURDISTAN IS MEETING NOW AND HAVE BEEN TO MAKE IT GO AS SMOOTHLY AS POSSIBLE. HUGE HUGE PROGRESS FOR IRAQ AND THE GLOBE WITH THESE IN PLACE.
1-17-2016 Newshound Guru wmawhite The IQD is not traded on forex yet…the info on some sites that show the IQD pegged to the USD is NOT trading data… yet…but it is coming, IMO.
1-17-2016 Newshound Guru OOTW Article quote: “The (long), recently revealed the intention of Parliament to provide a new package of reforms, beginning next February, focused on modifying its rules of procedure so as to ensure his passage of laws…” THEY ARE ATTEMPTING TO NARROW DOWN THE PROCESS TO LEGISLATE AND PASS LAWS. THEY WANT TO ABOLISH THE REGULATION/LAW TO HAVE THREE READINGS…THEY WANT TO HAVE A TOTAL OF TWO READINGS (FORMERLY THREE) IN ORDER TO PASS LAWS AND AGAIN, WE HAVE SEEN THIS ENACTED RE SOME LAWS WHICH HAVE RECENTLY PASSED. …THIS IS VERY IMPORTANT…WE’VE GOT MANY LAWS WHICH NEED TO PASSED AND QUICK LIKE.
1-17-2016 Intel Guru TD Some interesting comments from my Kurdish friend ( please treat all as rumor and please dye your own sound diligence). As I mentioned previously this is a make it or break it year for the Abadi administration . There is a flurry of meetings which started in December and is still ongoing feverishly in 2016, whether it be with Western officials, The IMF, Sunni Tribal leaders, Military Brass, Kurdish officials, to just name some. On the long list of “things to do” is the long awaited “deletion of the zeros”, reduction of the money supply and the associated redomination which will follow. There are however several benchmarks to be accomplished prior hand and the consolidation of Iraqi provinces is a major one. While Abadi is touting the retaking of Ramadi the major push to territory consolidation is Mosul and bold preparations are ongoing to this massive task which is to rollout by April as a goal. Look for this goal as a precursor to the rollout to currency reform a quarter or two afterwards BUT only IF the goal can be achieved .
1-17-2016 Newshound Guru Arthur As for things that are still needed, there will always be laws in the pipeline for the former most corrupt country in the world to pass to clean up it’s act making it conducive for economic globalization. The question is, when is the progress sufficient for the IMF/UN/BIS/PTB to release all currency restrictions and allow the imminent long awaited launch into the private sector. The affirmative answer was announced by the PM within the past 48 hours. The Ayatollah has announced his dissatisfaction with the reform process which has sparked a new sense of urgency. We have already seen the IMF memorandum giving a February 29 back wall for Article VIII and end of MCP. What most don’t understand is that means in essence that the revaluation of the IQD is no longer just imminent but the process is underway and ongoing.
1-17-2016 Newshound Guru Arthur The IQD has already been given a defacto gold backed value well above the USD. The Queen has just announced the imminent release of the world wide funds that have been held back for all of these decades.. The Iranian implementation is the final trigger to an international currency reset that will change the geopolitical economic structure of this planet forever. With the release of these worldwide funds and subsequent redistribution of wealth, the 1st quarter of 2016 will go down in history as the moment that changed the world. Very high level meetings are currently underway and the American banking complex is now aware of the upcoming exchange event. Watch for major announcements and unprecedented economic events almost daily during the month of January. I reiterate as I stated 2 weeks ago…THIS IS IT!
1-17-2016 Newshound Guru Millionday WE HAVE HUGE MOVES TAKING PLACE IN A COUPLE OF WEEKS — HUGE. RIGHT NOW THEY ARE PREPARING TO VOTE THROUGH THE AMNESTY AND ALSO MOVE FORWARD WITH THE NATIONAL RECONCILIATION…FINALLY. …THE FEDERAL LAWS WILL BE PUSHED THROUGH AND COMPLETED FINALLY AND THEN THE STATE LAWS ETC — THE OIL AGREEMENT IS IN PLACE AS IS THE BUDGET AND INVESTMENT LAW — IRAQ IS IN A GREAT POSITION.