Iraqi Dinar Guru opinions 1-28-16
Iraqi Dinar Guru opinions 1-28-16
1-28-2016 Newshound Guru Millionday Article quote: “IMF staff will work closely with the authorities to monitor progress in the implementation of their economic program.” THE IMF STAFF WILL WORK CLOSELY WITH THE AUTHORITIES TO MONITOR PROGRESS IN IRAQ`S IMPLEMENTATION OF THE ECONOMIC PROGRAM — THEY ARE READY TO IMPLEMENT ACCORDING TO THE IMF LAST WEEK. THE ECONOMIC REFORM INCLUDES ALL ECONOMICS — BANKS — MONETARY — FUNDING — MARKET — ETC.
1-28-2016 Newshound Guru Millionday THEY HAVE BEEN GIVEN THE REIGNS — THIS IS HANDS OFF AND JUST MONITORING — NOT DOING ANYTHING BUT MONITORING — THE HELP TO GET TO THIS POINT HAS BEEN GOING ON FOR YEARS AND NOW THEY HAVE FORMALLY ANNOUNCED THAT IRAQ IS READY TO IMPLEMENT AND THE IMF WILL MONITOR…THIS IS HUGE. IRAQ IS THEIR OWN COUNTRY AND CBI IS INDEPENDENT.
1-28-2016 Newshound Guru OOTW “…al-Abadi said during a meeting on the sidelines of the Davos economic conference in Switzerland, which was held last week,” There are a lot of corrupt who are trying to disrupt our efforts reforms, but they have not succeeded so far…” HERE ABADI IS STATING THAT THE GOI IS TRYING TO ADDRESS CORRUPTION, THEY’VE ENACTED NEW MEASURES TO DO THIS… I’M GLAD TO SEE THIS AND THIS TIES MUCH OF WHAT WE’VE BEEN SEEING IN THE PRESS…CO-RELATED STATEMENTS THAT THE CORRUPTION IN THE AUCTIONS IS NOT BEING ADDRESSED BY THE CBI, REFORMS CANNOT BE ENACTED DUE TO THE LEVEL OF CORRUPTION, WE’RE FORMING COMMITTEES TO EXPEDITE THIS WORK, IT WILL TAKE TIME DUE TO YEARS OF ENTRENCHED CORRUPTION…MANY CONNECTIONS BETWEEN THE MONEY LAUNDERING AND LACK OF REFORMS BEING IMPLEMENTED.
1-28-2016 Newshound Guru Kaperoni There is no revalue or overnight event…but a gradual appreciation based on the economic growth, GDP of Iraq. The process to raise the value is based on economic principals, not some arbitrary number. Most importantly, the dinar is directly related to the creation of a market economy. So as the world comes to Iraq to invest (once the laws are in place), it will create an economic boom of sorts, and as a result of billions of dollars will begin flowing through the CBI’s capital account to participate in investment projects, the result will create inflationary pressure in the country. When the CBI moves to Article VIII (which we expect this year to happen at or about the same time as the passing of the laws), and begins to float the dinar, the dinar will rise in value gradually to counter that inflationary pressure created from the influx of investors…it is absolutely necessary that the dinar appreciate in value as part of the process.
1-28-2016 Newshound Guru Adam Montana To be completely frank on the situation, the IQD isn’t nearly as complicated as a lot of people make it out to be… but in some ways, it’s much MORE complicated. Here’s how it is simple: The CBI has the final say in the exchange rate of the Dinar. PERIOD! The IMF doesn’t control the rate, Maliki has no control over it… When the CBI says “The new rate is X”, that’s it. No approvals from Obama, no vetoes from Putin, nothing will change it. When the CBI pushes the button, it’s DONE. Now here’s how it’s complicated: The IQD isn’t currently traded on FOREX. It’s not a currency you can go to Wells Fargo or Chase and exchange at the counter. It’s not at the Currency Exchange booths in airports, and you can’t currently use it to buy bread at your local store. But the IQD does have an impact on the bigger global picture. The world, at least the intelligent and aware portion, is well aware that the IQD is in existence and has the potential to create BIG waves in the global economy!
1-27-2016 Newshound Guru rcookie Article: “The Government plans to launch financial bonds worth $ 2 billion” HERE IS ADDITIONAL CONFIRMATION ON THE LAUNCH OF $2 BILLION CITIZEN BONDS PROGRAM ANNOUNCED LAST WEEK…3 YEARS…10% INTEREST…AND ABILITY OF CITIZENS FOR 1ST TIME SINCE 2003 TO PARTICIPATE IN BOND PROGRAM…AND INTERESTINGLY… CITIZENS WILL BE ABLE TO AFTER ESTABLISHING BANK ACCOUNTS WITH CURRENCY OR JEWELRY…TO DEFER PORTIONS OF SALARY TO THESE PROGRAMS ELECTRONICALLY WITH SMART CARDS…GIVING THEM SKIN IN THE GAME IN THEIR COUNTRY’S GROWTH & DEVELOPMENT..THIS BY THE WAY IS IN THE 2016 BUDGET..AND IMF LOI/MEFP/TECHNICAL MOU. THE PROGRAM WAS ANNOUNCED AT BEGINNING OF MONTH… REITERATED LAST WEEK AND RECONFIRMED OF LAUNCH TODAY [TUESDAY].
1-27-2016 Intel Guru Hub got some info…we are there, hang on…thats all… [fair enough just wanted to know if you were serious…] serious as sin…hows that. [could you just give us a hint…like Next Month?] i dont think my guy knows…his people are high up and he has no idea?
1-27-2016 RUMOR Guru Mnt Goat This ongoing RV process is like one big saga, something like sitting down and playing a nice long game of chess. So recently there has been much news but no more major “chess moves” on the part of Iraq, at least the ones we watch and hope for. We still wait for their next move and I fully believe it is going to be BIG when it happens. Am I saying this event(s) is going to be the RV? NO- but it could as anything is possible at this point. However if you want my personal opinion I would have to say NO. We are looking more at some event in dealing with ISIS (start of the battle for Mosul) and/or the passing of some of the more significant new laws we wait for or perhaps more news of WTO and IMF actions upon Iraq.
1-27-2016 RUMOR Guru Mnt Goat Parliament is now in session over a week already and we have not yet seen much on the needed laws we have been waiting for. Earlier this week we heard confirmation that the Amnesty law is agreed upon by all and ready for a final vote. The 2016 budget has also been passed, ratified and in the gazette. It is now open for spending allocations, but no RV (…it is NOT any indicator of the RV anyhow…). The problem of a huge deficit for 2016 still lingers as Abadi and parliament try to find ways to fill the gap. Now recent news that they are at least considering under study of increasing the value of the currency as an alternative solution.
1-27-2016 Intel Guru Blondie Iraq is an very rich country (Dr. Shabbibi said so in a CNBC interview years ago), but they have a liquidity problem. Making a guestimate based on publicly published findings over the last 5 years or so, companies have reported “successful discoveries” of previously unknown oilfields to the tune of (guesstimating here) maybe 15 billion barrels (and there’s a good possibility that there’s even more still to be found). At $30/bbl., that’s in the neighborhood of $460B. Doing the multiplication, you get 542.8 Trillion dinars. This is in no way “scientific” and is only an educated guess, and it doesn’t include previously known and tapped oilfields that have been producing for years (where the “Oil For Food” program came from). The above is just oil, not natural gas, gold, agriculture etc. Of course, Iraq knows this. This may be why everybody is lending them money and wants to be their BFF. The “hand-holding” they’re getting from world agencies is to help ensure they do it smoothly and correctly. But do your own research and due diligence — all of this information is publicly available.
1-27-2016 Newshound Guru wmawhite [you once stated that IMF says before the 1st half of 2016 we will see economic change…what do you feel is their deadline…] I do not believe there is a deadline for the public to know about. IMO, there are timelines for the CBI/GOI to meet. In fact, the IMF has told us so. Either way, the IMF has their expectations.
1-27-2016 Newshound Guru rcookie Article quote: “Iraq Osama Mahmoud importance of unifying laws and legislation governing economic action, pointing to the importance of linking the Iraqi dinar to the global economy and thus achieve a monetary value to him in front of the world’s currencies…” THAT REPORT AND STATEMENTS ARE FROM…OSAMA MEHMOUD…THAT IS IRAQS LEAD STOCK MARKET ECONOMIST/STRATEGIST… WHO HAS BEEN VERY VOCAL & POSITIVE IN LAST COUPLE MONTHS…
1-27-2016 Intel Guru Frank26 [Is the main CBI branch in Baghdad distributing LD’s?] no…no one is distributing LD’s right now. [Rumors say that OPEC is stepping in to raise oil prices, how will that affect Iraq’s RV rate?] we hope it would fuel it…in fact OPEC is in cahoots with the US and we are making these arrangements to raise the price of oil now…IMO [Do you think there is a chance that all the steps are done and they are keeping it quiet?] no…no…there are things that need to be done and they are doing them.
1-27-2016 Newshound Guru Breitling …The IMF is not in the position right now, nor do they want to mess with Iraq’s economy or currency. Here’s the math….I’ve got to go back through a lot of papers and research about how I got to that number but if the IMF took control tonight and tried to get their money/investment back they could actually raise the value of the dinar like .27 cents and that’s it. That’s all the management rights they have from the loans that they gave. That’s a default. Iraq is paying the interest on their loans and they can get refinanced if they have to. So there is no handling by the IMF right now. Iraq is not doing anything bad. If the oil market goes down and they have to adjust their budget and they have to change their payments with the IMF…guess what? The IMF is more than happy to do that. They do that all the time…they don’t care…they always adjust. So the IMF would only get involved in Iraq if they default and stop paying and if the IMF did take control they could revalue the currency up to around .26 to .27 cents. Very easy but they are not in that process right now.
1-27-2016 Newshound Guru OOTW Article: “…appointment of Mr. supporter Mohammed Issa Mohammed Saleh, permanent representative of the Republic of Iraq to the United Nations in Geneva number (74).” …THERE WAS A GAZETTE ENTRY MAKING SALEH IRAQ’S REP TO THE UNITED NATIONS? I THINK THAT’S A PRETTY BIG MOVE.