Iraqi Dinar Guru opinions 7-23-16
Iraqi Dinar Guru opinions 7-23-16
7-23-2016 Newshound Guru Bondlady Article: “Exchange rate and disinformation” Quote: “Mohammed Sharif Abu Mayssam repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios…” …this is a good article an could very well mean even better for us than what its saying…the fact that this article even exists means they are working on this right now, they are discussing all the pros an cons of it as they’ve done the last few times they’ve been ready to move the dinar rates or do something with the currency…we all know its long over due…this is definitely different than the last 10 plus years…I really do expect things to change in a big way with the new agreements made with talibani…art 140…hcl… several more huge things…I believe we will see those come to light very soon…hang in there every one …its lookin very good for us all imo.
7-23-2016 Newshound Guru tlm724 I spent some time this morning researching some numbers. I did a comparison of Iraq and Kuwait since I like Kuwait’s exchange rate : 1 Kuwaiti Dinar equals 3.31 US Dollar. The improving security environment and foreign investment are helping to spur economic activity, much more attention needs to paid to the private sector and that is on the table. The overall standard of living still depends on the central government passing major policy reforms and laws…and that too is being addressed, it is just a matter of time. …I did some research so I could answer that old question: Can Iraq support a one to one exchange rate? Well the answer is a resounding hail Yes and then some!
7-23-2016 Newshound Guru tlm724 Here are the statistics I want to share with you all: CIA The World Factbook: COUNTRY COMPARISON :: RESERVES OF FOREIGN EXCHANGE AND GOLD: Reserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country’s balance of payments needs as of the end-date of the period specified.
RANK RESERVES OF FOREIGN EXCHANGE AND GOLD:
37 IRAQ $57,070,000,000 31 DECEMBER 2015 EST
49 KUWAIT $31,430,000,000 31 DECEMBER 2015 EST
Isn’t that pretty ? Iraq has quite a bit more gold and reserves…
7-23-2016 Newshound Guru Shredd Article: “IMF says no reason to devalue Iraqi Dinar” This article captures most of the upside of having the dinar on par with the dollar. I’ll list em for ya!
1. Having a sovereign, representative currency that is consistent with the cash reserve ratios.
2. Having a strong dinar rate that contributes to the national currency trading in foreign markets (huge btw).
3. Fully implement the project to delete the zeros which provides an exit from the country’s economic crisis.
4. Restoring the money supply structure in line with the market data.
5. Allow for transparent, compliant trading currency between banks and other institutions operations.
6. Have a currency rate that responds to market fluctuations in a consistent manner.
7-22-2016 RUMOR Guru Bruce Last Tuesday we discussed that the codes the banks needed to enter in order to begin paying the SKR’s have been entered. Initially, the pings were not returned, so the codes were re-entered and put into process. Then tonight [Thursday] around 5 pm, we heard that all SKR were actually funded and liquid…We believed that the SKR was part of the shotgun start, and had to be fully hydrated before the rest of us went. We are hearing very good things. After SKRs have been made liquid I cannot think of anything else that needs to happen except notification…we are making progress. The system has been put on autopilot. As far as window, we are there, but we do not know when the window is. No one knows…
7-22-2016 Newshound Guru rcookie Article quote: “The Iraqi sources had confirmed for “new Arab”, the Abadi plans to reshuffle includes a number of ministers in his government and heads of independent institutions, such as the Central Bank and the Council of the Judiciary and the Electoral Commission.” SO HERES THE OUTLINE FOR THE 3 PHASES IN ABADIS CABINET RESHUFFLE…PHASE ONE …NATIONAL ALLIANCE…PHASE 2 IRAQI FORCES UNION AND KURDISTAN ALLIANCE…3RD PHASE COMPREHENSIVE DISMISSAL OF ALL MINISTERS…AND THE 7 RECENT CABINET RESIGNATIONS DID NOT RESIGN ON THEIR OWN…HEADS OF CENTRAL BANK…COUNCIL OF JUDICIARY AND ELECTORAL COMMISSION… [Wonderful!] AGREED!
7-22-2016 Newshound Guru mike Like Kap [Guru Kaperoni] said…at least there’s still a plan. There’s been many times I’ve been called negative but it’s more pragmatic than anything else, I don’t get emotionally involved with any of the investments I’m in, it takes away from the objectivity. Bottom line, if the dinar goes to a quarter, I’ve made a 25,000% profit, which ain’t too shabby. But to act like everything’s hunky dory over there is disingenuous.
7-22-2016 Newshound Guru Millionday I WOULD SAY IF THE BUDGET IS OPENING AND THE PRIVATE SECTOR IS ACTIVE AND TAXES ARE FLOWING AND OF COURSE CORPORATIONS AND INSURANCE IS ACTIVE…WE WOULD SEE SOME VERY IMPORTANT THINGS IN PLACE FOR THE PEOPLE…THERE ARE NO OBSTACLES IN THE WAY OF PASSING THE CITIZEN BENEFITS — GOV AND STATE PROGRAMS…SO MUCH IS BEING REPORTED AS BEING FINALIZED AND OF COURSE REFERRED TO AS PART OF THE REFORM… MANY VERY IMPORTANT LAWS ARE ON THE TABLE AND BEING ADDRESSED FOR THIS PARLIAMENT SESSION OR SESSIONS — I DON’T REMEMBER THEM MEETING EVERYDAY BEFORE NOW BUT THE MEETINGS ARE CERTAINLY VERY IMPORTANT —- HUGE. WE HOPE TO SEE RESULTS FROM WHATS ON THE TABLE…THEY APPEAR TO BE DETERMINED TO CREATE SOME.
7-22-2016 Newshound Guru wmawhite Article: “Exchange rate and disinformation” Quote: “…repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar…” Again…out of no where calls for the true value of the IQD to be brought forth.