Iraqi Dinar Guru opinions 1-30-16
Iraqi Dinar Guru opinions 1-30-16
1-30-2016 Newshound Guru Millionday Article quote: “The Society for Worldwide Interbank Financial Telecommunication (SWIFT) would restore its services to Iranian financial institutions by January 31…” IRAQ RELUCTANTLY HAD TO STOP USING THE INTERNATIONAL BANKS OF IRAN DUE TO THE SANCTIONS… THIS WILL ALL BE LIFTED IN BANKING BY JANUARY 31ST… SWIFT CODES (COMPLETE IN IRAQ) ARE SO IMPORTANT ACROSS BORDERS. THE SWIFT CODES ARE NEEDED FOR THEM TO SEND MONEY BACK AND FORTH FOR TRADE OF ANY KIND.
1-30-2016 Newshound Guru Millionday [Do you think they have been waiting for Iran all this time as part of the plan?] I THINK THAT IT IS VERY INTERESTING DUE TO THE HUGE HUGE AMOUNT OF FUNDS IN IRAQI BANKS AND THEIR ECONOMIC CONDITION AND MANY TRADE AGREEMENTS AS WELL. [Can Iraqi RV with Iranian cut forces and Isis still running around in there country and access to Dinar?] THEY HAVE THE POWER TO MOVE FORWARD AND THE IMF HAS NOW STATED THEY ARE JUST MONITORING THE IMPLEMENTATION OF IRAQ`S ECONOMIC REFORM. I THINK THAT THE MOVE TO A MARKET ECONOMY AND TO THE GLOBE WITH THE REFORMS WILL LEAD THEM TO TRADE WITH THE GLOBE.
1-30-2016 Newshound Guru firefly “(Announcement issued by the Central Bank of Iraq) the Bank would like to announce support for the efforts to rehabilitate the Warka Bank for Investment & Finance and allow him to exercise all banking activities 01/28/2016″ This announcement is pretty darn BIG. [what does this announcement mean?] Warka is international. Appears guidelines were met. I don’t have a date but I advise you folks to be READY! IMO we are overdue! I am more excited than I have ever been.
1-30-2016 Newshound Guru wmawhite [Do you think it will go alongside Iran?] No…and what Iran does or doesn’t do, IMO, is like the drunk in the stands at a ball game…keep your eye on the ball. I am putting my money with what the IMF has told the world…Iraq will enter the markets during the 1st half of 2016. I am sure that when the IMF put together this MoU with the MoF and the CBI that they were well aware of everything going on throughout Iraq, Iran and the ME.
1-29-2016 RUMOR Mnt Goat Parliament is now in session way 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, it was not in 2012, 2013, 2014, 2015 and it is not in 2016). 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.
1-29-2016 Newshound Guru Breitling […noticed the 10K notes are now limited…this is a good sign.] Damn right it’s a good sign! It’s a beautiful sign! It’s because they’ve reduced the note count…where everybody is feeling it. Inside the U.S. where we have that liquid market that we have for the dinar, about half the people that own dinar actually got out… but the other half is unwilling to sell so that creates a shortage on both ends from the brokerage firms. There’s not all this dinar coming out of the middle east like it used to and then on our end it’s not circulating back and forth, the velocity of the currency is not what it used to be. This means something very very big for us and it’s a beautiful thing.
1-29-2016 Newshound Guru OOTW Article quote: “Iraq observers now in the WTO and is working hard to enter as a member of this organization does not allow the boycott of goods for political reasons.” MANY SEEMINGLY INSIGNIFICANT LAWS HAVE BEEN PASSED SINCE ABADI CAME INTO OFFICE, MANY OF THESE LAWS WERE LAWS REQUIRED BY THE WTO FOR IRAQ TO PUT HEALTH AND SAFETY REGULATIONS, GOODS CONTROLS, TRANSPORTATION QUALITY CONTROL REGULATIONS, AND MORE IN PLACE…FOR ACCESSION TOWARDS FULL MEMBERS STATUS TO THE WTO.
1-29-2016 Newshound Guru Kaperoni the depletion of reserves (I don’t believe they are below 50 billion yet.) only puts more pressure on Iraq to get the market economy started and close down the auctions. I think we are still on track.
1-29-2016 Intel Guru SteveI [The new CBI bank site has been up for a while…This is the first time however they have linked the Old CBI site to the new CBI site.] Yes we are all aware of that site being around for some time now, but the linking between the two is new and now with new data. [Wasn’t it assumed a while back that when we saw the new website getting activated that we were about to see everything unfold with the dinar.] That is a pretty good assumption. We are getting very close.
1-29-2016 Newshound Guru Adam Montana [I’ve always been of the belief that Iraq must enter into Article 8 (IMF) in order to go “international” Any opinion on this?] They “must” enter Article 8 with the IMF? No, absolutely not. Would it be “helpful”? Possibly. But they don’t “need” to do that at all.