Iraqi Dinar Guru opinions 3-21-16
Iraqi Dinar Guru opinions 3-21-16
3-21-2016 Newshound Guru Millionday SO NICE TO KNOW THAT IRAQ IS MOVING TOWARD A FREE MARKET GLOBAL ECONOMY. FIRST LET ME SAY THE SECURITY IN IRAQ HAS IMPROVED REPORTEDLY — HOWEVER SOME INTERNATIONAL INVESTORS ARE NOT FEELING IT. Article quote: “…Barzani kicked off a tourism conference in Erbil on Saturday, saying that participation by hundreds of foreign companies from more than two dozen countries amid an economic crisis in Kurdistan “is a great support” to both Kurdish tourism and people.” …ONE OF THE MARKETS TO DIVERSIFY THE MARKET (GDP) OF IRAQ IS TOURISM…IT HAS ALWAYS BEEN A GOAL OF MANY.
3-21-2016 Newshound Guru Millionday UNDERSTAND THAT THE INCLUSION OF SUCH A GREAT NUMBER OF COUNTRIES AND BUSINESSES TO START BACK UP THE TOURISM –INDUSTRY– IT TAKES THE ABILITY TO EXCHANGE THEIR CURRENCY OBVIOUSLY — MAKES NO SENSE ANY OTHER WAY. SO…THE GOAL IS TO EXPAND THE MARKET WITHIN IRAQ — THIS IS GOING TO RAISE THE GDP AND MAKE THEM A SUSTAINABLE COUNTRY WITH WHAT RESOURCES THEY HAVE AS WITH ALL MARKETS.
3-21-2016 Newshound Guru rcookie WHEN YOU CONSIDER ALL OF THE RECENT NEWS AND DIRECT RELEVANCE TO PROGRESS AND STATUS FOR THE EVENT WE ARE LOOKING FOR…ALONG WITH IMF LOI/MEFP/TECH MOU…ARTICLE VIII PROCESS & STATUS…WTO ACCESSION UNDERSTANDING & STATUS…THESE THINGS WILL HELP YOU SLEEP MUCH BETTER..
3-21-2016 Intel/Newshound Guru tman23 Iraq IQD was to be a special situation…And a country that had an imposed rate because of war but for years carried a $3 plus rate… It is logical to believe the imposed rate could be lifted and return to the $2.85 – $3 plus that it carried for 50 plus years…
3-20-2016 Newshound Guru Tlar The political problems are serious and hopefully they will be resolved as fast as they can be peacefully. I believe the economic problems will also be resolved when they are ready to be resolved. Most folks in dinar land see these two issues as intertwined and it may well be, but I tend to think of these two issues as separate issues meaning they are not necessarily intertwined whereby the political issues have to be resolved first in order for the economy to be started. I see them as two separate issues with equal importance. There are many countries with political issues that still have internationally accepted currencies.
3-20-2016 Newshound Guru Tlar The question in my mind is only this. Is the government considered stable enough. That is a question left to better minds than I have, but in my mind, the Iraqi government is as stable even with all its problems, as many who are openly trading in the world. No promises and don’t hold me too it but I think Iraq is on track to join the world economy whether the government is done or not. I am still very hopeful that it is this month on or before March 31st. There are more than just a few signs that at least that is a target in my mind. Whether they hit it maybe another thing altogether.
3-20-2016 Newshound Guru Tlar Article: “Abadi moved away from his promise to form a government of technocrats” […Abadi can’t just make changes without Parliamentary approval its unconstitutional, it’s exactly what Maliki was trying to do.] You are right on that statement but he could get rid of the proxy ministers because they are under a one year mandate and replace them with recommended technocrat proxies of his own… He is trying too hard to do the right thing and to get hostile blocks like the SOL to be on board. Either way change has to come and its got to come quick or Abadi will pay a price. The last resort to dismiss the government and then resign leaves too wide an opening for Maliki.
3-20-2016 Newshound Guru wmawhite There are numerous issues at play… the move into the international markets is totally separate from the reforms being pushed ay Abadi. The price of oil is secondary to the move into Article 8. Once Iraq can order that rice from Thialand and pay for it with an account with IQD in it then there will be no need for the auctions. When that happens…and we believe the IMF gave us a timeframe then it is best for Iraq to conduct business at a value that will not kill them financially…their true value.
3-20-2016 Newshound Guru wmawhite Here is some information that I believe tells you exactly where we are: Iraq: Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding December 22, 2015: 12. The spread between the official and the parallel foreign exchange market rate receded to around 2 percentage points since August… 19. The government will gradually remove remaining exchange restrictions and multiple currency practice (MCP) with a view to eliminating exchange rate distortions. Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate. folks…if you wonder what remains to be done in order for Iraq to move into Article 8…there it is…dated December 22, 2015.
3-20-2016 Newshound Guru Tlar Article: “Governor of the Central Bank of Iraq will receive substantial financial support soon” Iraq still needs loans even after they change the value of their currency and they need huge infusion of capital because fiscally, they are still draining whether they raise the value of their currency or not. The advantages to raising the value are many…1st is investment. With an international Article Viii currency companies are more apt to invest large sums in Iraq because they see an easy path to get their money out. Secondly, it will stop the auctions because there usefulness will have run its course due to Iraqi companies not needing to convert to USD before they pay. No more remittances needed. No more systemic theft through the auctions. Third they will be pulling in dollars and letting dinars out as long as the rate is attractive enough, meaning the spread between the program rate and street rate disappears. Auctions will no longer be a vehicle with which speculators make a short profit and devalue the dinar and the CBI is expecting a resurgence in people coming back to use the banks again. These and many other reasons by raising the rate and going to Article VIII, will help Iraq immensely…