Iraqi Dinar Guru opinions 2-28-16
Iraqi Dinar Guru opinions 2-28-16
2-28-2016 Intel Guru Delta [WHAT EXACTLY DOES “REMOVING THE EXCHANGE RATE RESTRICTIONS” MEAN?] “transfer of investment proceeds that gives rise to an exchange restriction” MEANS: THE FREE MOVEMENT OF CAPITAL = ARTICLE 8 = TRUE RATE. WE WILL SEE IF IRAQ LISTEN TO THE IMF BY FEB 29. URGENT FROM IRAQIA TV: CBI WILL LAUNCH CURRENCY BONDS BY MARCH!
2-28-2016 Newshound Guru Tlar …on the plan to open the economy in early March along with the new port…I still can’t see them doing any of this without an international currency. The IMF is gearing them to go to Article VIII in March. Also all the recent talk upgrading upgrade the CBI governor to someone who has an education and experience right at this moment. Not to mention the IMF’s statement that Iraq will seek to join the world economy in the first part of 2016. The speed at which they are attempting to remove corruption (the old guard) from the government as if someone or some group is trying to make this change do to some schedule. As far as the value of the dinar, I have always believed that we have only partial facts. That is intentional I can assure you.
2-28-2016 Newshound Guru Tlar I think the CBI’s reserves are much higher than they report to this day. This would affect the value of the dinar times 2 and some change. So I believe the rate they will do has the potential of being higher than just delegating 3 zeros. We have all though that when you remove the leading zeros it meant 86 cents, but truth…without further details it could mean 86 cents or any number above that. It only latterly means THOSE ZEROS WILL BE GONE ONCE DELETED. It doesn’t necessarily tell us anything else to help us determine what that rate may be. The delete the zero program was envisioned as far back as 2006. That’s now 10 years ago. At the time the reserves were around 30 billion… In 2008 the CBI commissioned the strategic study with plans to delete the zeros in 2010. The study concluded at that time they could support 1.13 dinars to 1 US dollar. A lot has changed. So what’s the number today? …I have a cluttered and prejudice thought process when it comes to the rate. I think it will in the higher rather than lower range.
2-28-2016 Newshound Guru Kaperoni Article quote: “…the strategy announced took into account expansion in the framework of the central functions and emerged from our perception of the economic framework of the country after the shift to a free market economy and the significant role that will fall on the private sector in the joints of the management of the economy, …” I think this article is great…it really explains the plan as we see it…I want to add this is very exciting…as it clearly implies that at some point they will activate the market economy…
2-28-2016 Newshound Guru Mountainman […the Central Bank is working to be the first institution in Iraq , using the best technologies and regulations governing the work of the banking sector…the strategy launched by the Central recently , were the first in the history of Iraq in terms of content and method of preparation, as the first plan went through all the stages that require going through the plan…it has been adopted for implementation…] So “WHAT” we have Here is an APB….(ALL POINTS BULLETIN)…W/ A NEW STRATEGY LAUNCHED/ IMPLEMENTED = “ACTION”…For “WHAT”?…To Bring INTERNATIONAL STABILITY/ SECURITY/ STANDARDS w/ OVERSIGHT by Them…to “ENSURE”…The INTERNATIONAL “FRAMEWORK” and IMO…CREATE/MAINTAIN (CONFIDENCE) as IRAQ (TRANSITIONS) to It’s NEW ARTICLE( 8) COMPLIANT VALUE/RATE…Using UPDATED INTERNATIONAL TECHNOLOGIES and FOLLOWING the RULES/ REGULATIONS INTERNALLY and EXTERNALLY(BANKING)!…IMO.
2-27-2016 Newshound Guru Tlar Article quote: “Thousands of supporters of the Sadrist movement, on Friday in Tahrir Square in central Baghdad, in support of the initiative of the leader of the reformist trend, while the roads leading to the square witnessed intensive security measures to protect the demonstrators.” Now that’s a show of strength. I would be willing to bet that the SOL ministers and any minister who has been stealing, that has yet to resign hoping to survive this, who are in their offices today staring at the mass of people at the wall of the green zone, will resign immediately and leave quickly through the back door. Any minister who stays past today or for that matter any block who is intending to side track these reforms, beware. The corruption’s day of reckoning is just around the corner.
2-27-2016 Newshound Guru Tlar In theory Maliki is not in parliament, nor is he a Minister or any part of the government….His options other than trying to assassinate Abadi which at this point with the US protecting him, are diminishing by the hour. He is losing control fast now and those that he trusted, those that are also corrupt are in a life saving mode. The new government will be seated very quickly with little opposition from the corrupt because IMO they will be very busy trying to “fix” what they did making deals, or they will be on the run internationally…The rallies being held today is the death knoll for the existing government…IMO…Before there wasn’t a clear strategy or plan…This time it is different. The plan is what has brought them together and out in droves. I think they understand that if they support this movement, that change is coming… I…feel that it will be over by Monday meaning the corrupt Ministers will resign.
2-27-2016 Newshound Guru Tlar I think…that something of great historical importance is happening in front of us while we watch. This is a defining moment for Iraq. I just feel there is a deadline they are chasing and as such, IMO I think they will get this done quicker than you think. I…hope for this to be over in as few days as possible few delays and quick resolutions to follow, with the ultimate goal being a new government free of corruption. I believe unless something comes up totally unforeseen, I believe we will see the dinar go international on or before the end of this quarter (March 31st). I am basing this thought on the instructions given by the CBI to make their books retroactive back to January which I believe means there is probably a change in the value of their assets based on a new value of the currency. Also on the plan to open the economy in early March along with the new port. I still can’t see them doing any of this without an international currency.