Iraqi Dinar Guru opinions 3-12-16
Iraqi Dinar Guru opinions 3-12-16
3-12-2016 Intel Guru Delta They want to show investors that Iraq is safe with a new internationally traded currency. We believe that in 2 to 3 weeks, we’ll see the flag fly in Mosul. Everyone wants Iraq to succeed and they want this done ASAP. In regards to the Amnesty Law – it’s very, very important. It looks like everything has been taken care of and we believe we’ll see it this month.
3-12-2016 Newshound Guru rcookie [Is there a possibility they could come out low (.10, .25 etc…) then a significant increase a month or so later?] DOES NOT HELP THEM AT ALL…AND RUNS COUNTER INTUITIVE TO THE VALUATION NEED COMPETITIVELY TO BE ON PAR WITH REGIONAL AND BORDER PLAYERS…AND MORE IMPORTANTLY…TRADE PARTNERS…
3-12-2016 Newshound Guru Adam Montana [No country in history has ever had a major revaluation of their currency, instead went with the LOP option…what most makes you feel that they are going to revalue, and not LOP their currency?] There is no other country in the world, or in history, that has been in the situation that Iraq is in now due to 1) the events that have transpired over the last 15 years and 2) Iraq’s incredible wealth, resources, history, and potential. There just isn’t anything to compare it to.
3-12-2016 Newshound Guru wmawhite [what do u think of the bond sales…the 15th was a date to consider because of the bond sales on that date?] Inside the USA $1 = $1. Inside Iraq 1 IQD = 1 IQD. A currency only has value when it is compared to another currency. It is not relevant when comparing to itself. Let me ask this: to an Iraqi what changes with the domestic bonds if today the IQD becomes value at 1 IQD = $4.00? What changes inside Iraq with the bonds? Nothing. Folks, the issue that are solely internal to Iraq has very little to do with what we are waiting on. The CBI/GOI could sell domestic bonds and receive payment in apples or gold or silver. That has nothing to do with the moving into Article 8 and the acceptance of the international financial community of the IQD. The bonds have nothing to do with the eventual international exchange rate of the IQD.
3-12-2016 Intel/Newshound Guru tman23 …PM Haider al-Abadi has recently delivered a letter to Iraqi political factions, asking them to suggest their candidates within one week (by next Wednesday) as he is planning to re-form the cabinet sooner than planned.
3-11-2016 RUMOR Guru Mnt Goat …I bring you again the news of the two main paths being worked on by Iraq. The financial and the political paths. These paths will merge shortly as they need to very soon. The protesters in the streets are not going to allow this stagnation to continue much longer… …I have developed a new window which I feel may be our next earliest shot at an RV timeframe. Of course, as usual, Iraq never finishes anything on time so this window may move but let’s see how everything goes in the next 4-5 weeks.
3-11-2016 RUMOR Guru Mnt Goat Article quote: “Sadr, heir to a Shi’ite clerical dynasty persecuted under dictator Saddam Hussein, said on Feb. 12 that Abadi had 45 days to deliver on his pledge of a technocrat cabinet or face a no-confidence vote in parliament”. That brings us to March 28th, just 17 days from now, to complete these needed reforms to a technocratic cabinet…once this cabinet is formed it should bring about the rest of the needed laws we are needing and things should move quickly from that point forward. But this is only one path, the political side path (as I described there were 2 paths being followed). The other path if the financial path of currency reform and we have seen just recently three huge articles telling us about the currency reform. This is reassurance that they are working on it and deciding on the next move. When will it occur? I have given a new window that I felt was very plausible of mid March to mid April for the lower denominations to be launched. … this RV is not too far away.
3-11-2016 Newshound Guru Adam Montana Like I mentioned last week, it’s my feeling that our Dinar situation is tied VERY close to oil right now. We were at what I felt was the bottom (around $30ppb), and the same sources are showing about a 3% gain this week. That’s nothing special, it doesn’t signify a strong stability yet, and I’m not surprised to see so little in the news about HCL yet. It’s just not enough of a change to get anyone motivated, and that shows in the news feeds. This might sound crazy, but I actually don’t want to see a huge spike. IMO the best thing we can see right now is a steady increase, or even some more flatlining. When we’ve seen about 2-3 weeks of stability, that’s when I will start getting excited. That might have sounded a little humbuggish, but really it’s not. Iraq is doing a great job in all aspects. The only thing I’m humbuggish on right now is the prospects of an RV this week. Give me a couple weeks of stable oil prices, and that should all change.
3-11-2016 Newshound Guru wmawhite Article: “The corruption of the currency auction in Iraq” …I find it interesting, how far back does this issue go…did it just start with Alak? Probably not. If not, how far back? Hmmmm…Much more,..it is coming to an end… Remember folks, the IMF has been aware of this issue, and yet, they told the world that Iraq WILL enter the markets. And IMO, back in October 2015, when that statement was made, Iraq (via Abadi/CBI/GOI) gave assurances that concrete steps were going to take place. And we have been seeing those steps being completed.
3-11-2016 Newshound Guru Breitling …I forget the exact note count but I believe it was 9 billion notes representing 30 Trillion dinar. That’s the most they ever had in actual notes…they were not going to revalue at a buck or .50 or .10 with 30 trillion dinar on the market…and that’s why the CBI has an agenda to reduce the note count. Otherwise there would be no reason to do that. Do you know how much it costs to reduce the note count of a country? Especially when you have 9 billion notes out there that represent 30 trillion dinar, it’s a massive undertaking…no one knows the exact number of notes that will trigger it [rate change]. I do know they want to get down to a billion notes. I do not know how many dinar that actually represents…we do know their goal for the note count and that’s 1 billion. The last time they were at a billion they were at $3.25…
3-11-2016 Newshound Guru Millionday Article quote: “…He suggested Alnasiri review the calendar and the rebuilding of structural and institutional system of the economy through the establishment of (economic Council)…” THEY ARE GETTING IT ALL SET… THEY HAVE FORMED A VERY PROFESSIONAL GROUP TO MONITOR THE PRICES AND EXPENSES ETC — THE ECONOMY FOR THE REFORM…MONITOR THE IMPLEMENTATION OF THE ECONOMY. THE NATIONAL RECONSTRUCTION COUNCIL IS TO TAKE OVER FROM EVERYONE THE REBUILD AS PLANNED — THE LAW IS TO BE APPLIED…SO — IT LOOKS LIKE THEY ARE ACTUALLY COMING TO THE GLOBAL MARKET — …IMO IRAQ IS MOVING TO GLOBAL ECONOMY THROUGH THE APPLICATION OF THE LAWS READY…WHOOPOW.