Iraqi Dinar Guru opinions 6-7-16
Iraqi Dinar Guru opinions 6-7-16
6-7-2016 Newshound Guru tlm724 Article: “Central Bank calls on citizens to complain against the dollar sell them at more than 1,200 dinars” The CBI is rationing the sale of the dollar which is the first step imo to stopping the auctions. They are finally taking control (hand held by the IMF…) of the money! If they get rid of most of the 300 dealers /traders /banks…as they said they would then all the easier to control the flow of money. And if the official rate is 1182 and the street rate is regulated and set at 1200 then that puts them within the 2% threshold for compliance for IMF article 8… it’s an 18 pip difference…2% of 1182 is 23.64 pips so well below the requirement. *hallelujah* they are doing what we needed them to do! All roads (the currency reform) lead to what we seek! I am very excited Very Happy.
6-7-2016 Newshound Guru mike …this is a process. I don’t believe in silver bullets or quick fixes. There are, in my opinion, certain economic and financial steps before there’s an appreciation. I don’t think the IMF can make the necessary legal changes, all they can do is dangle the carrot and hope Iraq conforms. At the minimum, we need a functioning Parliament, we need the legislation. The IMF aren’t a bunch of clowns, but there’s a limit to what they can get done. IMO.
6-7-2016 Newshound Guru rcookie WE ARE SEEING THE EVIDENCE STOCKPILE DAILY OF IMPACT OF UST PRESENCE OPERATING FROM US EMBASSY AS ENTIRE BANKING & FINANCIAL INSTITUTION SECTOR IS REGULATED…
6-7-2016 Newshound Guru wmawhite What is easy to miss is that all of these different entity inside Iraq as well as outside are telling the world about all of this…the reemergence of Iraq into the “economy markets”…but, wasn’t this suppose to be a big secret? Answer…no…they want the world to know.
6-6-2016 Newshound Guru wmawhite …PM Abadi stood in front of the G-7 and many others and told them that Iraq would join them on that stage…the world economic stage…I believe him and so do they…and they know he will not be on that stage with them at a value of $0.00086.
6-6-20216 Newshound Guru Millionday Article quote: “…extensive talks between government officials and representatives from the World Bank , in a move to deepen cooperation and the search for the experiences and contributions of international and activating partnerships properly.” THE GOV IS PREPARING TO MOVE WITH BIDS AND CONTRACTS TO INVEST AND CREATE WORK. ABADI AND THE WORLD BANK PREPARING FOR A FORMAL OPEN OF THE DOORS FOR INVESTMENTS FOR IRAQ. Quote: “…the aim of the workshop is to gather all State capabilities and put them in an operational framework to deal with the theme of ” the expansion of private investment door…” THIS…IS THE MOVE TO ANNOUNCE THE FORMAL OPENING OF IRAQ’S INTERNATIONAL INVESTMENT AND THE LINK OF PRIVATE SECTOR LAUNCH. THEY ARE MOVING FORWARD — WHOOPOW.
6-6-2016 Newshound Guru Shredd Article quote: “Sovereignty was confirmed by the government for its part will be faithful to its commitments under an agreement to prepare the credit program, which reached his recent between Iraq and the International Monetary Fund, which has contributed greatly to stimulate the donor countries to provide adequate support, and enhance the credibility of Iraq’s finance in the global financial markets and the rating agencies global credit.” We get a greater peek at the power of this and future loan agreements to Iraq. You may think them taking loans is a bad thing but not so. First, countries have faith in Iraq’s ability and intention to repay. Second, Iraq taking and repaying these loans will enhance their credit rating with the rating agencies. This will in turn allow them to lower interest rates and expand the pool of lenders in future loans. This is not a sign that Iraq is struggling and needs help. This is a sign that Iraq has matured to participate more in the global economic finance partnerships.
6-6-2016 Newshound Guru mike Article: “Parliament: the signing of Iraq to loans require him to impose extra taxes on the citizens needed to be reviewed” So, in the middle of an economic crisis, what is Iraq doing and what are their plans? Implement tariff’s, initiate income tax, lower staff salaries and remove subsidies for fuel, and electricity (excluding the displaced). Not much of a plan if you’re a regular Iraqi, in fact, it’s terrible. They’re going to be the ones bearing the brunt of the economic mess Iraq’s in. At every turn they ignore the obvious actions that are needed to create an open market economy and add value to their currency and overall economy. …I haven’t seen a whisper about raising the value of the dinar, in fact, there are some calling for a devaluation to 1300-$1. Iraq has a long history of ignoring IMF instructions in 2005, the Paris Club and even their agreement with Kuwait.
6-6-2016 Newshound Guru wmawhite I am not one that believes in a floating to a true value…and why…because the economy of Iraq is already a 1,000 times stronger than what its currency value currently depicts…and the IQD is as strong or stronger than every other country in the Middle East…yet, the IQD is anywhere from a 1,000 times to 10,000 times less in value than all of those other countries.