Iraqi Dinar Guru opinions 3-22-16
Iraqi Dinar Guru opinions 3-22-16
3-22-2016 Newshound Guru wmawhite …if we believe that today 1 IQD is not truly valued at $0.00085 why would the CBI enter the world markets at something that is not reflective of their true value? This is why I continue to ask this question: What is missing in the following list of currencies? 1 Egyptian Pound = $0.13 1 Jordanian Dinar = $1.41 1 Qatar Riyal = $0.27 1 Bahraini Dinar = $2.65 1 Israeli Shekel = $0.26 1 Saudi Riyal = $0.27 1 United Arab Emirates Dirham = $0.27 1 Omani Riyal = $2.59 1 Kuwaiti Dinar = $3.31 1 Iraqi Dinar = $0.00085 What is missing?
3-22-2016 Newshound Guru wmawhite A true value for the IQD. If the world trades the Omani Ryal at $2.59, which they do, and Iraq has an economy 1,000% greater, then the true value of the IQD is not $0.00085. …we don’t know what the true value is…however, we can look around the region and see a comparison of other countries and none of them are at $0.00085, except for Iraq and the world knows that the IQD is programed/imposed/not true… Any thing greater than 1182 ($0.00085) is an increase in purchasing power…the question is how great can Iraq leverage the IQD…and IMO, that is what we will see.
3-22-2016 Newshound Guru Kaperoni Article: “Consultant Abadi: Document Prime Minister based on state-building and market adoption of smaller and more powerful government” This guy does not understand the auctions and the reason for them. That being said, he is right about the rest…reforms must be “quick” and they must get integrated with the global market soon if they are to succeed. Quote: “economic reform policies must be quick and based on extensive studies to develop solutions in line with developments in real – time local and global market.” I remember reading somewhere (some IMF doc) that the transition should be overnight, quickly, direct, etc., and not gradual to avoid confusion of citizens. Once they are ready, I am hoping they are listening.
3-22-2016 Intel Guru Frank26 There are some “Holy Men” in Iraq…and Abadi turned to Sastini…and he got involved…and Sadr got involved too. There is nothing more powerful than the “religious laws” of Iraq. That is the law in Iraq right now. Every Friday…(and other days)…the citizens march towards the Green Zone…the demonstration started to become louder and become more organized. They want the GOI to hurry-up. The citizens are actually praying at the gates of the Green Zone. It makes you feel like the citizens know what’s about to happen. The citizens aren’t going to do anything to jeopardize it either.
3-21-2016 Newshound Guru wmawhite Does everybody understand why Iraq uses the USD? The first couple of days following the US enter Iraq we dumped 100s of billions of USD into Iraq so that they could survive as a country…they had to continue to feed themselves…and today, because the IQD is not openly accepted on the world market, Iraq uses the USD as its currency. IMO, we are finally at the point in time when the auctions are going to be reduced because the USD will start to be reduced inside of Iraq and the IQD will be the currency of choice and it is accepted in the world markets. Of course, with a reduction in the price per barrel of oil…there is less USD flowing into Iraq. Therefore, less liquidity…It is quite interesting how so much of these issues have continued to push Iraq in the direction we needed them to go.
3-21-2016 Newshound Guru Stryker Iraq’s Global Economic Diversification…We are seeing Iraq evolve its economy through diversification. Yesterday the first shipment of liquid gas left Iraq’s liquid gas port and head to the open sea on it’s way to their first global customer. We are witnessing history folks as Iraq has never exported liquid gas to any market until now.
3-21-2016 RUMOR Guru Mnt Goat “The Pressure is Building” There was a ton of news…It came at us like a running bull once the protestors took to the streets again and crossed over into the green zone. This scared many of these politicians and so finally we began to see some real action towards movement of the Abadi reforms for his cabinet reshuffle. The only hope is that they too can perform and can get the job done without the level of corruption we have seen by their predecessors. Iraq got the majority of the much needed laws (at this point in time of what is needed), we now have a heightened awareness of the crimes committed by Maliki and his goons, the citizens and religious leaders are now driving the pressure for reforms…
3-21-2016 RUMOR Guru Mnt Goat …talk now is that Iranian influence must end, ISIS is almost under control (their last stronghold is Mosul), IMF is now working closely with the CBI to align the banking systems and financial systems, the financial and political paths have not yet converged, no RV has taken place. Right now I still hold the conviction of mid March to mid April for an RV. I can only relate the news given to the possibility of the RV according to what they tell us. Will it happen? Events change and the process can speed up or slow down. We wait and see. As I said many times the RV is a by-product of the process, the end result and not the main driving force. It will simply happen when the conditions are right.
3-21-2016 Newshound Guru Tlar The spread between the street and program rate getting bigger, was predictable …You cannot reduce a spread by raising the sale or program rate, especially in such a corrupt environment. The CBI is dancing around the only solution possible for the spread problem. The only long term solution to this problem is to get rid of the multiple currencies usage and just use the dinar. This will close the house of theft (the auctions).
With all the long term systemic corruption built into the auctions and with the sophisticated organized smuggling units that have operated around those auctions now for years in Iraq, there is only one way to stop it. STOP THE AUCTIONS. To do that Iraq must USE THEIR OWN CURRENCY. To do that the PEOPLE MUST TURN IN THEIR DOLLARS for dinars. To do that THE DINAR must be STABLE AND HAVE VALUE. To do that THEY MUST GIVE IT VALUE BEFORE ANY OF THE ABOVE CAN TAKE PLACE.
3-21-2016 Intel/Newshound Guru Poppy3 PROGRESS HAS BEEN TREMENDOUS IN THEIR MARKETPLACE AND LEGAL DEPARTMENTS BUT THAT DOESNT GET US PAID. WE REMAIN IN THE DARK ON REFORM OF CBI BANKING, FULLY FUNDING THE BUDGET. MANY THINK ARTICLE 8 BRINGS RV BUT IT IS JUST ANOTHER STEP IN THE RIGHT DIRECTION. THE RV IS COMING AND JUST LIKE YEARS PASSED THE TIMING IS AND HAS BEEN THE ONLY THING WE DO NOT KNOW. WE ARE IN THE BEST POSITION EVER TO BECOME WINNERS FOR OUR FAMILIES BUT THAT TIMING AND DATE OR THE AMOUNT OF THIS BLESSING IS PURE GUESS WORK.