Iraqi Dinar Guru opinions 3-16-16
Iraqi Dinar Guru opinions 3-16-16
3-16-2016 Newshound Guru Breitling …the language coming out of Iraq. What you and I have been watching, the imperial data, looking for their intent…From the Ministry of Planning to the Ministry of Finance to the CBI who manages it and makes sure stuff gets done…the language coming out of Iraq is absolutely amazing. I’m very very happy and psyched about this.
3-16-2016 RUMOR Guru Mnt Goat Today is nearly mid March already. The clock is ticking as the GOI has until the end of March to fully seat this new “technocratic” government. The names of candidates for all but three ministries have been submitted to parliament already. These three ministers remaining refuse to resign. Abadi has reached out to Nori al-Maliki to try to get help in convincing them this is the appropriate thing to do but Maliki did not support the reforms. So once again we see the Dowa party holding back progress. Tic Toc, Tic Toc…
3-16-2016 Intel Guru Bruce [if most are done, banks in staff, who is holding it up, and what will make them stop holding it up?] we look at it that if something is holding it up, usually that is not the case, it is a process with many steps we [do] not see. I am excited, it is just we know we at the very end.
3-16-2016 Newshound Guru Kaperoni [do you still think they will be able to move to a market economy sometime this year, if not by mid-year, as stipulated by the IMF? Can they do the “dirty exit” thing, or do you think they can’t risk that until they get more laws in place…?] Floating the dinar or moving off the peg can happen at any time. That is a function of monetary policy managed by the CBI. Moving to IMF Article VIII is a different issue, and requires compliance and acceptance by the IMF. This move is seen to be the most important since it would encourage a more open banking system with the world. Seems unlikely that they are anywhere close to that happening though with the spread (official rate/market rate) now over 6%.
3-16-2016 RUMOR Guru Mnt Goat On Friday an article came out telling us the government plans to raise the value of the dollar to 200,000 dinars for each $ 100 US Dollars to cover salaries. This is the third time I know of that they have done this so far. Each time they do it, it is temporary and is for a greater amount but it always settles back to around 1140-1166 rate soon afterwards. This is a very good sign. They have to pay the employee salaries somehow and do it now. This process will continue each month that oil prices remain low or until we get the RV. The value of the dinar may even drop yet more until something is done to correct the situation.
3-16-2016 Newshound Guru OOTW Article quote: “…State of Law coalition, said on Monday that the government will be issued in the coming hours the executive procedures and will be the political blocs ministers covered by the change…” THERE ARE SOME ARTICLES…STATING BASICALLY THAT ABADI NEEDS TO LEAVE DAWA IF HE’S GOING TO GET THESE NEW MP’S TECHNOCRATS SEATED. I CAN ONLY SEE THE TENSION WILL BUILD.
3-15-2016 Newshound Guru Kaperoni …I can only comment on what Dr. Bakri stated in my interview, where he felt that the CBI would delete (at least some) zeros prior to Article VIII. That implied to me that they will try and raise the value dinar before they get into Article VIII. Some have stated it may be more on par with the dollar before that happens. Hard to tell. This theory does make sense because many feel the dinar is undervalued. And if so, it makes sense then to raise it via floating it before Article VIII (and possibly Forex) to get the dinar to a price with reduced speculation.
3-15-2016 Intel Guru Delta On the Arabic side of the CBI website…they took off the 50 Dinar Note and the coins. New law posted shows prison term for anyone caught counterfeiting IQD. We feel it’s very significant that Jabouri told the governor of the CBI that it’s time to start the monetary reform. The only way to do that is to raise the rate (increase the value). One other confirmation we got…if IRAQ wasn’t safe…there is NO WAY that Jabouri would have told the governor of the CBI to start the monetary reform. We really do believe that something is going to happen!
3-15-2016 Intel Guru Frank26 Do you think that IRAN is going to WAIT for IRAQ? Will a basket of currencies come out together…or alone? We don’t know. Based on our studies…each of these countries is trying to win. IRAN and VIETNAM were in a long-line. I’m beginning to think that they may have jumped out of line and they are all out to win. It doesn’t really matter. If one goes off…they all trigger to go off right after each other (chain-reaction). We believe that one of these currencies is going to go off very soon.
3-15-2016 Newshound Guru Millionday Article quote: “State of Law coalition, on Monday, that the government will be issued in the coming hours the executive procedures and political blocs will be covered by the ministers change.” THE RESULTS OF THE GOVERNMENTAL CHANGE WILL BE ANNOUNCED WITHIN HOURS. ACCORDING TO WHAT I HAVE SEEN IN REPORTS —A FINANCE MINISTER WILL BE ADDED — MAKING TWO – BUT WE SHALL SEE WITH THE ANNOUNCEMENT. [will this include the cbi governor?] …THE MANY REPORTS OUT ARE NOT CLEAR SO WE WILL WAIT FOR THE FINAL LISTS TO KNOW FOR SURE.
3-15-2016 Intel/Newshound Guru tman23 Abadi has gone all in! This reform package is a make or break Iraq… Maliki is posturing to bloc these reforms in Parliament…Exposing Abadi as WEAK and FAILED… Abadi did not receive the approval of Parliament Feb 20th for the replacement of Ministers, yet he has been working on it with political blocs who are to submit the names of their technocrats this Wednesday… Abadi’s spokesman said: The Prime Minister has sped up the process on reforms in replacing ministers ahead of the time that was planned… This is because of the maneuvering by Maliki the obstructionist… Right now…THIS WHOLE THING HINGES ON A VOTE IN PARLIAMENT ON ABADI REFORMS IN REPLACING MINISTERS WITH TECHNOCRATS… THIS IS WHAT SADR IS FIGHTING FOR AND ORGANIZING DEMONSTRATIONS FOR… IF ABADI FAILS TO GET THE VOTE…IT WILL NOT BE GOOD!