Iraqi Dinar Guru opinions 1-21-16
Iraqi Dinar Guru opinions 1-21-16
1-21-2016 Newshound Guru Mailman17 AS OF TODAY, IRAQ HAS 90 TONS OF GOLD IN ITS RESERVES WHICH REPRESENTS 4.6% OF THEIR FOREIGN CURRENCY RESERVE…I WILL LET YOU READ THAT STATEMENT AS MANY TIMES AS NEEDED TO SQUELCH ANY DOUBT THAT THEY CAN MORE THAN EASILY BACK A 1-1. THEY ARE RANKED 37TH AMONG THE TOP 100 NATIONS. ALSO, I FIND IT MORE THAN INTERESTING THAT IF YOU GO TO THE CBI WEBSITE AND LOOK AT THE NOTES THAT IRAQ CONSIDERS LEGAL TENDER AS OF TODAY, THE ENGLISH SIDE SHOWS EXACTLY WHAT THEY HAVE SHOWN SINCE INCEPTION OF THE NOTES IN 2003…AND YES, THE 50 DINAR NOTE IS STILL ACTIVE WITH NO SIGN OF THE 50,000 ANYWHERE.
1-21-2016 Newshound Guru Mailman17 BUT WHAT IS INTERESTING, IS THAT IF YOU GO TO THE ARABIC SIDE SHOWING NOTES IT LISTS THE NEW 10,000 DINAR NOTE WHICH COINCIDES WITH THE ALREADY EXISTING 10,000 NOTE MANY OF US HAVE. EVEN SHOWS YOU A PICTURE OF THE NEW NOTE. BUT NO NEW 50 OR 50,000. MY TAKE ON THIS IS THAT NEW 10 GRAND NOTE WILL MOST LIKELY REPLACE THE NOTE COUNT OF EVERYTHING UNDER IT. INSIDE IRAQ…NOT OUTSIDE. IRAQ IS NOT WORRIED ABOUT NOTES OR NOTE COUNT OUTSIDE OF IRAQ. I BELIEVE THAT NEW NOTE MAY BE THE START OF THE RELEASE OF ALL THE NEW SMALLER ONES AND I THINK THAT IS ANY DAY IF WE ARE TO BELIEVE THE RECENT NEWS. FOOD FOR THOUGHT…AND STAY POSITIVE…WE ARE ALMOST THERE…AS ALWAYS…THIS IS JMO.
1-21-2016 Newshound Guru Millionday Article quotes: “World Economic Forum Annual Meeting January 20-23-2016″ “Who’s coming to Davos 2016? The US delegation is led by Vice-President Joe Biden…John Kerry, Ashton Carter, Jacob Lew, Loretta Lynch, Penny Pritzker And…Haidar Al Abadi, Prime Minister of Iraq” “The Annual Meeting will bring together over 40 heads of state and government with 2,500 leaders from UN agencies, business and civil society.” ABADI COMPLETED MANY THINGS BEFORE HE LEFT…FOR THE FORUM IN SWITZERLAND — THIS IS OF COURSE THE HUGE ECONOMIC FORUM THAT LISTED MANY THINGS FOR IRAQ TO HAVE COMPLETE — FROM LAST YEAR…HE IS PLANNING ON SPENDING MUCH OF THE TIME TALKING ABOUT THE HUGE ADVANCEMENTS MADE WITH THE WAR ON TERRORISM AND ALSO THE PROMOTION FOR INVESTMENTS GLOBALLY — WHOOPOW.
1-21-2016 Newshound Guru Kaperoni Article quote: “Ministry of Finance was held in coordination with the Committee on Economic Affairs, an expanded meeting…chaired by Finance Minister Hoshyar Zebari, and the presence of oil ministers, Planning and Agriculture and the Governor of the Central Bank and a number of members of the committee in addition to a number of financial experts, economists and academics to discuss the financial situation in Iraq.” This is huge! Coordination! …we have always heard currency reform required the government and CBI and others to coordinate togther. To see these now working together may not seem like much, but this is a well coordinated launch of a market economy with the help if the IMF and WB. We should all take notice, no matter how trivial it may seem…it is not.
1-21-2016 Newshound Guru Adam Montana [Does the Dinar need to be traded internationally before it RV’s?] Not at all! In fact, an RV before international trading begins would make everyone rush to start trading it, two things are very possible: 1. If they choose to float the rate, it will go up. 2. If they choose a locked rate, then it will just get stronger. Both are good.
1-21-2016 Newshound Guru rcookie Article quote “Reconsider the purchasing power to do his Iraqi and make them equal to the rate of purchasing power for the countries adjacent to Iraq…” [DOES THIS MEAN THAT IF KUWAITS MONEY IS WORTH 3.40 THAT THE IRAQI’S DINAR NEEDS TO BE THE SAME? OR SAME IN KIND?] HE IS IDENTIFYING THE VERY POINT OUR MR WHITE [Guru wmawhite] IDENTIFIES IN THE LIST OF REGIONAL CURRENCY VALUES OF IRAQS NEIGHBORS…AGAINST IRAQS VALUE…AND WANT TO INCLUDES THEIR TRADE PARTNERS VALUES AS WELL. …THERE ARE MANY CONTRIBUTING FACTORS…NOT JUST THE CBI THAT PLAY INTO THEIR REAL CURRENCY VALUE INCLUDING CONSIDERATION OF BEING IN PARITY OR BETTER THAN THEIR NEIGHBORS & TRADE PARTNERS.
1-20-2016 Newshound Guru Adam Montana […with Crude oil hanging around $30 a barrel and the Iranian’s Military inside Iraq causing problems do you still believe that Iraq is stable enough to RV and have enough money for there budget?] Yes I do.
1-20-2016 Intel Guru SteveI I talked to our team about the countries next to Iraq and feel that a one to one has no signification disadvantageous regarding fair trade…a 1:1 rate or a bit higher. Now, will this happen the way we think? Maybe or maybe not, but it sure does appear to be pointing that direction of being backed by gold. [The question I have is how the process of revaluation of the dinar changes (if any) being pegged to gold. In other words, would it be a gradual or a more sudden increase?] There would be no “revaluation” but rather now a value that follows the gold standard. This is what we are being told and how I understand it. One possible scenario: The CBI will just announce that the IQD is now backed the the gold standard. So if you go to the bank, now any bank for that matter, they would simply looked up the buy rate at the time and pay you in USD that value.
1-20-2016 Intel Guru SteveI So lets look at both sides of the coin now. So it is not pegged to to Gold, what else could it be pegged to? Yes the USD, which is still fairly close to a 1:1 or a bit less at the moment, regardless worth something. If there will be no immediate future value, …all will cash in and walk away. So who are the winners here, most everyone including yourselves. Now it comes out at a $3 plus rate, who is the winners here, again you are, but I do not see how Iraq can support that type of cash out now that oil is so low. Iraq needs to be able to set themselves up for success, not a rate that cannot be sustained.
1-20-2016 Intel Guru SteveI [Let’s say hypothetically that the switch is flipped today and the dinar is now backed by Gold. What would the dinar value be at this point? Is it even possible to determine that or is there more to it than just looking at the price of Gold?] New York Gold Spot Price (24hrs) Gold Price Per Ounce
$1,101.65…Here is how it was explained to me. Lets say the CBI said that one IQD is now backed by one ounce of gold. It is my understanding that one IQD would be equal to $1,101.65 or a 25K note would be worth $27,541.25 USD, less any spread and fees.
1-20-2016 Newshound Guru Adam Montana We know that they were intending to meet yesterday to discuss the HCL, and it looks like they did meet (another miracle in Iraq, a meeting held on time!) – but we are not privy yet to the outcome of said meeting. As much as I’d love to say I have inside info, I don’t at this time other than a few mentions that they will be addressing it again tomorrow… fingers crossed. The Budget was also not published in the Gazette, but that doesn’t bother me. It was stated that their deficit is 74 Billion dollars. Friends, that is 1/10th of a single Trillion. NOT A LOT OF MONEY in the grand scheme of it all!
1-20-2016 Newshound Guru Adam Montana My thought right now is that the price of oil might be scaring people. Iraq can handle $30-60 ppb, but if this dropping trend continues… I hate to say it, but it might be in their best interest to hold off and see what happens. Let’s hope the price stabilizes or even starts to go back up. One interesting thing to note – when they do RV, it will generate a TON of activity in the world economy, which will increase demand for oil, and will help drive oil back up. So all they need to see is an upward trend in the oil price and BAM! Jump in with an RV and take advantage! I can see that happening.
1-20-2016 RUMOR Guru Mnt Goat It seems…the further we go into January the clearer it is appearing to us that Iraq fully recognizes and intends to implement the needed currency reforms. They also know they can not fool around with their political stalling any longer. This week the Abadi’s council of ministers has a meeting to review radical solutions to rid Iraq of it’s economic crisis. Based on the best information we have at this time it now appears that the IMF and Iraq are working closely together towards a late February/ early March timeline for movement to Article 8 of UN charter for Iraq.
1-20-2016 RUMOR Guru Mnt Goat This is of course not a predicted date but is just what the news seems to be telling us. …parliament must get this “basket” of laws completed… We know that parliament has come back into session and we wait to see their agendas. …we are hearing increased pressure to implement the Tariffs in boarder areas, especially with the Kurdistan region. Again I will say this new Tariff is like a double edged sword without having an international currency.
1-20-2015 Intel/Newshound Guru Poppy3 DISCUSSION BETWEEN IRAN CBI AND IRAQ CBI TODAY [TUESDAY 1-19-16] AN AGREEMENT WAS REACHED THEY WOULD REFRAIN FROM IRAN CHANGING THEIR RATE TILL IRAQ COULD RELEASE THEIRS AND BECAUSE THEY ARE TRADE PARTNERS IF ONE CHANGES BEFORE THE OTHER THEN IT WOULD CAUSE TOO MUCH DISPARAGY [disparity ?] BETWEEN THEM AND ONE WOULD BE AT A BIG DISADVANTAGE. THEY WILL GO TOGETHER AND SOON AS POSSIBLE ACCORDING TO BAGDAD RESIDENT. …IT MAKES SENSE TO ME AND SOUNDS VERY PROMISING…
1-20-2016 Newshound Guru Millionday “An invitation to link the Iraqi dinar to the global economy” UNDERSTAND THIS IS STOCK REPRESENTATIVE — OBVIOUSLY TALKING ABOUT PAIRING CURRENCIES AND ENTRY OF THE DINAR TO THE CURRENCY MARKET AND THE GLOBAL MARKET. THE PICTURE THEY ARE PAINTING IS >>> THE MARKET ECONOMY. IN ORDER TO ENTER THE GLOBAL MARKET IT HAS TO BE DONE WITH FAIR TRADE — MEANING THE INTERNATIONAL EQUATION THAT ALL COUNTRIES ESTABLISH THE GLOBAL VALUE WITH — — ECONOMICS 101.
1-20-2016 Newshound Guru Millionday LINKING THE IRAQI DINAR TO THE GLOBAL ECONOMY — ACHIEVES THE MONETARY VALUE OF THE DINAR AGAINST GLOBAL CURRENCY. THE PAIRING THROUGH THE INTERNATIONAL EQUATION COMPLETELY WILL DETERMINE THE VALUE OF THE DINAR IN THE GLOBAL MARKET. I HAVE TO SAY — VERY EXCITING.