Iraqi Dinar Guru opinions 2-2-16
Iraqi Dinar Guru opinions 2-2-16
2-2-2016 Newshound Guru wmawhite Remember…the IMF and the World Bank has been consulting numerous times throughout the years with Iraq (CBI, GOI, Parliament). They know more about Iraq than the Iraqis do and YET! Let’s say that again, YET! the IMF told the entire world that they expect Iraq to enter the economy market during the 1st half of 2016. …what I just posted is FACT…plain and simple…fact.
2-2-2016 Newshound Guru Backdoc WE KNOW THAT SAUDI ARABIA HAS HALTED THEIR CURRENCY FROM BEING TRADED AS OF ABOUT 3 WEEKS AGO! SAUDI ARABIA HAS BEEN SELLING TREASURY BONDS AND SELLING OFF SOVEREIGN WEALTH FUNDS! THEY HAVE BEEN SLASHING BUDGETS TO THE BONE AND THEY ARE POSSIBLY SELLING OFF A PART OF THE LARGEST OIL COMPANY IN THE WORLD! ARE THEY BUILDING RESERVES OR BUYING GOLD BEHIND THE SCENES IN PREPARATION OF SOMETHING? WHAT ARE THEY WAITING FOR? MMMMM…COULD THEY BE READY TO LAUNCH THEIR CURRENCY AT THE SAME TIME IRAN AND IRAQ LAUNCH AS WELL? …TODAY IN IRAQ WE HAVE ARTICLES STATING IRAQ IS READY TO SELL THE DOLLAR!!
2-2-2016 Newshound Guru Kaperoni Article: “Call for the adoption of an effective policy for the management of liquidity” Quote: “the size of the Iraqi economy requires all banking regulations, which indicate the movement of funds meticulously, pointing to the existence of sophisticated technology adopted by the international banks prefer to work on the transfer to Iraq in the coming period.” I love this article because it says that in order to move to Article VIII, and freedom of movement of capital, the CBI must raise the level of the banking system and operate with “sophisticated technology” as adopted and preferred by international banks. More importantly, it clearly implies that Article VIII (freedom of movement of capital) will occur in the “coming period.” We can only hope that is within a few months. BTW it fits with the IMF statement of 1st half of 2016.
2-2-2016 Newshound Guru rcookie QUICK QUESTION…”IRAQ FAR FROM BEING A PARADISE AND A CESSPOOL”….WHY DURING THE GREATEST WAR AND CONFLICT WITH..MOST VIOLENT ABHORENT TERRORISTIC GROUP IN THE HISTORY OF MANKIND…DID THIS CESSPOOL ATTRACT OVER 5.5 MILLION RELIGIOUS VISITORS…AND BREAK EVERY VOLUME RECORD OF AIR TRAVEL IN IRAQS HISTORY…IN THE PROCESS. [reference tman23 post 2-2-2016]
2-2-2016 Intel/Newshound Guru tman23 Much propaganda for “the return of Iraqi’s”…See the planes leaving Kurdistan and the boats arriving in Greece… See the citizens selling everything they have to get out of Iraq with their families…See Iraq working with Netherlands to “forceably” deport Iraq citizens back to Iraq… Sure some Iraqi’s fled to europe expecting streets paved in gold etc..etc…and where disappointed because they were not greeted with gift cards and gold…But no matter how much we all would like to see a RV…make no mistake…Iraq is far from being paradise… Quite frankly the fact is…it is a cesspool!
2-2-2016 Newshound Guru Kaperoni Article: “The central bank is preparing to launch the e-dinar recommends depositing the salaries of all employees in banks ” Big move for them technology wise. And surely necessary for the advancement of the banking system on a global scale.
2-2-2016 RUMOR Guru Mnt Goat …the CBI has announced they are …launching the e-dinar (electronic dinar) payment system. This is planned to be used for the government to deposit the retirees, displaced salaries and salaries of the government employees automatically in their bank accounts. It will also tie into the SMART cards. What does this do for the financial reform? – it forces the citizens to trust in the banks, something some day they too will take for granted. – it cuts down on corruption and bribery – it paves the way to ending the currency auctions. – reduces the problems of handling cash (less of the 3 zero notes in circulation).
2-2-2016 RUMOR Mnt Goat Article quote: “A government source revealed on Saturday that the government decided to raise the interest rate on deposit money in banks to 18%, attributing this to help the government in overcoming the financial crisis.” WOW! So the average citizen will automatically also get 18% on their money. Incidentally this also meets a goal recommended by the IMF to help them out of the liquidity problem. More money in the banks allows more money for the banks to loan out. With this new diversification effort the banks will need all the money they can get and this will bring billions of dinars into the banks. Do you think this effort might also raise the value of the dinar as it creates an automatic demand for it…this is such HUGE news… Remember I told you something BIG was brewing and now all of today’s news is telling us this BIG news.
2-1-2016 Newshound Guru Kaperoni Article quote: “citizens to the acquisition of national bonds, which will present soon, instead of relying on “hoarding money”…” Well…this is more related to getting the 30 trillion or so out of the mattresses than anything else. They are issuing bonds at a higher interest rate, 50k notes, and selling gold. All are good…but fall short of the real need…deposit insurance. They really need to start reducing the money supply (to strengthen the dinar) which will allow them to control the spread within the 2%. We continue to watch and see.
2-1-2016 RUMOR Guru Mnt Goat We have already seen Iraq being set up with the SWIFT code system (Society for Worldwide Interbank Financial Telecommunication code) An internationally-recognized identification code for banks around the globe. Just recently we witnessed news that Iran too was re-hooked back into SWIFT on Jan 31st. Is this coincidental that these articles are so close in proximity to each other? So now we see Iraq working on their domestic systems. But they are not hooking them up instead they are instructing and teaching the banks how to use them. We witnessed the electronic system installations a very long time ago in Iraq. These systems need to coordinate with the SWIFT system and this is what they are now doing. Is this amazing news or what? As [Guru] Millionday would say WOOOPOW! This is how close we are to the RV!
2-1-2016 Newshound Guru Kaperoni Article: “The introduction of tariffs in all border crossing points” Quote: “the border crossings began work applying the tariff system on imported goods in all ports and airports, including the Kurdistan region outlets since the 16th of last month.” Let’s hope the pressure starts.
2-1-2016 Newshound Guru rcookie [tax and tarriffs but no rate increase?] NOT YET…BUT COMING…IMO.
2-1-2016 Newshound Guru wmawhite [with taxes & tariffs being collected now, how realistic is it that we have to wait until almost the end of the first 6 months? Can Iraq last that long?] I don’t know…however, think about it…who would know better about how long this and how long that? The IMF…and the WB. But what is significant about entering the economy/global market? The status of the IQD must change. It must be Iraq primary means of conducting international commerce. When that happens, IMO, Iraq will not be able to do that at its artificial value.