Iraqi Dinar Guru opinions 3-29-16
Iraqi Dinar Guru opinions 3-29-16
3-29-2016 Intel/Newshound Guru Poppy3 I AM EXCITED THAT THE REPORT FROM THE FINANCIAL MEETING IN ABADI’S SPEECH SAID THEY WILL ENTER GLOBAL ECONOMY THIS WEEK. HE REPORTED THEY HAVE THE HIGHEST GDP IN THE MIDDLE EAST. WELL IF HIGHER THAN KUWAIT AND KUWAITS DINAR VALUE IS AT $3.38 then where can iraq VALUE BE. …SOUNDS GOOD TO ME.
3-29-2016 Newshound Guru Tlar Article quote: “…The Financial and Economic Intelligence Department of the Ministry of Interior announced on Monday the seizure of three banking companies that were transferring funds to the ISIS…” …It is good to see this government at least trying to stop counterfeiting and smuggling and money laundering. Shabibi unequivocally told the Maliki government that it is the job of the government to protect the money. Shabibi identified many leaks while in office including finding people on the CBI payroll that were stealing for Maliki. Shabibi tried to remove them and Maliki told him he could not…What a pleasure it is to see this government actually going after the corrupt and catching them…
3-29-2016 Newshound Guru Kaperoni Article quote: “…economic growth in modern Iraq can not be released without a growth in the overall and sectoral economic indicators of the economy with an increase in the volume of investment in order to raise and improve the living standards of the citizens…” This such a great article because it makes it absolutely clear that Iraq cannot achieve the results of a market economy staying “status quo.” That they cannot stay dependent on the dollar, and maintain a closed banking system if they expect to bring any kind of market economy, jobs or prosperity to Iraq. And we all know how the pressure is building for them to make real changes. We have stated here several times the steps to a market economy and have stated how significant the banking system is to that success, it is nice to see confirmation again that we are on the right track. Yes, there is no answer to “when” but the table is being set. These kinds of articles are very exciting.
3-29-2016 Newshound Guru Kaperoni “Iraq paper from a class of 50 thousand dinars to support trade” It sounds to me that we have a confirmation of a float of the dinar. The way I read this is that they decided against the “delete zeros” which some have always believed was a LOP, and decided in favor of allowing the dinar to rise against foreign currencies via float (a basket is a variation of a float) to achieve the results. …they must exit the peg in order to float. We long have believed that at some point, the CBI would exit the peg (via orderly or disoderly) and float the dinar…All we can do is let the process play out and watch.
3-28-2016 Newshound Guru firefly Fact is…the IQD NEVER lost value, it was cut off by the UN at the request of the US. IMO we are at the point of no return. Central Banks have already started adjusting. Not rumour or intel but direct US media news. Changes have already begun, can’t turn back the clock now…
3-28-2016 Newshound Guru Tlar Article quote: “the forthcoming cabinet reshuffle, which would expose the Prime Minister Haider al-Abadi, next Thursday, at the parliament session, which will include seven senior ministers in the government.” We have not heard from Abadi yet. This is very complicated but I think Abadi will produce at least the seven ministers by thursday. Don’t worry so much about articles stating the NA is giving him 3 weeks. No where does it say Abadi said thanks let alone that he will take 3 weeks. By Thursday we should see real progress both in the change of these ministers and maybe putting the list together on the COM. Hang in…until we actually see where Abadi is coming from.
3-28-2016 RUMOR Guru Mnt Goat Seems the weekend was very busy for Iraq. The news is not again exactly what we wanted to hear but at least we can see continued pressure and movement. Also they are communicating with us too, so this is also very good. …many think the presence of the UN general secretary and the director of the World Bank means Iraq is going to RV this weekend. As I told you each month these figure heads come to Iraq to get a progress report. Abadi and the GOI must meet with them and give them their report card. …if they like the progress and all mandates have been accomplished, then an RV might be possible. But we can see from this recent news there is still work to be done and they spell out what must still be accomplished.
3-28-2016 Newshound Guru firefly IMF stated Iraq will enter the Global Economy BY the 1st half of 2016. The IMF doesn’t lie. Many of these items most are looking at have nothing to do with the monetary reform. They are very good for Iraq’s growth and great for the citizens. [if they go global they need a reality rate right?] Does it make sense to go global with their present rate? Are they working so hard to compete in the global markets if they weren’t planning a change? They IMO would need a reality rate prior to entering the markets.
3-28-2016 Newshound Guru Mountainman Article: “Iraq’s Sadr begins sit-in inside Green Zone to push for reforms” Well…After this Shake Up and Shake Down…Sadr says We aren’t going Anywhere Until the Country gets What it Deserves…HCL, LAWS, New Leaders and hey You Abadi…Walk Straight or Else…Got it…And You… Maliki…We got A Special TREAT for You…IMO.