Iraqi Dinar Guru opinions 3-31-16
Iraqi Dinar Guru opinions 3-31-16
3-31-2016 Newshound Guru Tlar Article quote: ” …Abadi “will present the ministerial change tomorrow, Thursday, to the House of Representatives as he promised last week, and reinforce its resolve and determination to proceed with the ministerial change and comprehensive reforms as said in his speech…” Sadr cannot hold the masses together much longer IMO without some kind of action being seen in the next couple of days…So something must break in the next 48 hours IMO. I believe the Abadi government is trying to change the government as one issue and at the same time trying to fix the economy and open it up to the world as a separate issue. In other words I see the economy opening whether or not the political issue is resolved quickly. The IMF works with many article VIII countries that have political issues and yet their currency and economy roll on. Iraq has achieved transparency and banking wise is now qualified to enter Article VIII. I think we will see it very soon. So in my mind as interesting as the politics are, they won’t stop the opening of the Iraqi economy. Iraq’s banks are ready. Investors are lined up. All the signs are there that this is about to go down.
3-31-2016 Newshound Guru firefly IMO the IMF will not be the agency announcing the change. IMO there won’t be any direct announcement at all. Look for keywords not announcements.
3-31-2016 Newshound Guru Chattels Quotes: “PM will go to Parliament with an all new cabinet, not partial change, according to this statement…” “State of Law coalition just released a statement saying a completely new government will be formed tomorrow…[Thursday].” “The Prime Minister ‘s Office announced today that Prime Minister Haider al – Abadi will present its candidates for the Ministerial change on Thursday to the House of Representatives and the display of the vote and the vote of confidence.”
3-30-2016 Newshound Guru Enorrste “Iraq paper from a class of 50 thousand dinars to support trade” [Stable enough is what the Iraqi leaders want, that is all. They are trying to bring in investment now. Did you forget the liquidity issue they have…and the reserves being depleted. They must depeg from the dollar in 2016….not 2017.] I agree… The 50k note “Approaches” the hundred dollar note in the sense that it is worth $50 while the 25k note is only worth $25. The goal is to get the value of the notes roughly commensurate with the American dollar so that the desire for the dollar will decrease. This, the 100k note will also have to be introduced. Then, when the demand for the dollar is diminished the float can commence. I also continue to believe that the goal of the IMF remains paramount and that they are in control. The pressure on Abadi to perform while the same pressure is on the parliament to act appears to me to be external.
3-30-2016 Newshound Guru rcookie so much revealed today from wb & imf…all this development loan money from international agencies… not going to be funneled through same corrupt iraqi banking and ministries…this is exactly why the banking reforms and supervision mandates were directed in the imf loi [Letter of Intent]…and why the un monitoring panel is there to make sure the budget allocations and disbursements are executed in full…remember the 2 state banks were owned by the finance ministry…which is why all of the corruption and failed development projects were facilitated for so long…
3-30-2016 Newshound Guru rcookie so as i have stated before there is an absolutely huge initiative toward economic & financial literacy going on at every level…cbi…finance ministry with wb/imf metac workshops… gov’t/islamic/private/commercial banks individualized process & services training for employees and managers…and finally at consumer level through education on banking services…bonds and newly announced isx training & education forums & workshops…
3-30-2016 Newshound Guru Adam Montana 1. Governments. They don’t care what you think. They don’t care about your view of economics, debt, or their obligation to society. This is doubly true for Iraq and much of the middle east, where corruption is the rule and not the exception. 2. Currency. It is worth whatever someone is willing to pay for it…I want to be very clear about one thing… it’s not all about natural resources. The Iranian Riyal is the prime example – Iran has the FIFTH largest reserves of the same thing Iraq and Saudi Arabia have, so how can the Iranian Riyal be over 27x weaker than this IQD we’re speculating on? Could the answer be that the world trusts Iraq approximately 27x more than Iran? You bet! This comes down to a very simple concept, once you grasp it..
3-30-2016 Newshound Guru Adam Montana …if Iraq announces tomorrow that they have completed the HCL, they are 100% committed to securing their country and rising to a prosperous level, and the CBI states they are now paying ten cents US to the Iraqi dinar – banks will be cashing in on that, and the fiat world we live in is going to apply point #1 to your logic about economics and the like. In other words, they will ignore your opinion – and you better be ready to go along with them, because you certainly won’t be fighting it. Millionaires and billionaires will be created out of thin air, just like has happened so many times in the past when a currency was manipulated. The means is not entirely important, so when someone says in a snooty voice “No RV is possible because it’s never happened before…” HA! I laugh at that. Even if “no RV” has ever happened, which is to say that no currency has ever been dramatically or officially raised on the forex boards or something like that – you can’t tell me that no wealth has ever been gained through the manipulation of currency. And that, my friends, is something Iraq is in a very unique position to do right now.