Iraqi Dinar Guru opinions 8-18-16
Iraqi Dinar Guru opinions 8-18-16
8-18-2016 Newshound Guru rcookie Article: “Iraqi delegation in Cairo to take advantage of the experience of the Egyptian Investment Authority” ADDING 488 IRAQIS HAVE BEEN TRAINED IN THE PROGRAM IN THE INVESTMENT… INSURANCE… STOCK EXCHANGE…AND CAPITAL MARKET AREAS AND GREETED BY THE 18 MEMBER IRAQI DELEGATION OF GOV’T AGENCIES & NATIONAL COMMISSION FOR IRAQI INVESTMENT… AND NOTES IRAQ IS RANKED 25TH IN COUNTRIES INVESTED IN EGYPT… COMPRISED OF 3324 COMPANIES WORTH 492 MILLION AND OVER 4000 EMPLOYEES IN ALL SECTORS… WOW!! WHO IS THE MOST INTERESTED IN SETTLING OF DISPUTES BETWEEN BUSINESSES AND COUNTRIES… HANDLING TRADE DISPUTES BETWEEN PARTIES AND NATIONS… IT IS 1 OF THE FINAL STEPS FOR WTO ACCESSION.
8-18-2016 Newshound Guru Adam Montana [do you think that there is any chance that once the RV is started that they will try to “cheat us” out of a fair share of the RV?] Nope. I understand your concern and where you are coming from, but it would be “RV Suicide” to try to steal from those that they need to support them. Basically, you’re alluding to an “in country” RV. I don’t have any fears of that happening.
8-18-2016 Newshound Guru Adam Montana [If we would see a RV in October 2016, do you believe it would be at the once mentioned rate of .10 cents.] Depends on oil prices. If it starts spiking, which is very possible, then yes I think 10 pennies or even higher. If oil is hovering around $50, but we see the HCL, then I’d look for 5-10 cents.
8-18-2016 Newshound Guru wmawhite Remember, the size of the notes in a marketplace is reflective of the price of goods in the marketplace. In order for the lower denominated notes to be used in the marketplace is for the prices to have decreased enough for them to be used. With Iraq still importing 85% of its goods, those prices in the marketplace will lower once the value of the currency buying them increases in value significantly. Those goods are imported today with the USD. Those prices will not be brought down in price importing them with a currency less valuable than a dollar.
8-17-2016 Newshound Guru Breitling …They’ve kind of accelerated what it is they want to do. That’s why you’re seeing a lot of articles coming out talking about retiring notes and stuff like that. It’s not the CBI itself. Remember how I follow the laws of Iraq. It’s the parliament, the ministry of Planning, the ministry of Finance and then the CBI…if you have those 4 talking about it in THAT order then it means something. What are the numbers. Who’s passing the law…that’s what I want to know. The CBI said they were going to add value to the currency. The ministry of planning said they were going to add value to their currency. The minister of Finance said we are going to add value to the currency. Parliament said we are going to add value to the currency. The IMF is on board so Iraq can add value to their currency…If you don’t understand this part of it, it’s tough to follow. How do you do it? The numbers are there. It’s not an opinion.
8-17-2016 Newshound Guru rcookie Article: “Parliamentary legal reaffirms resolve disputes about the amnesty law and vote next Tuesday” DEADLINE OF NEXT TUESDAY TO VOTE…AND CONFIRMATION THAT ALL DISPUTES ABOUT THE AMNESTY LAW HAD BEEN SETTLED…
8-17-2016 Intel Guru Delta CBI SITE TENDER 08/17/2016. ASKING COMPANIES TO PROVIDE THEIR TENDER FOR COUNTING AND SORTING MACHINES FOR LOCAL AND FOREIGN CURRENCY. 09/18/2016 IS THE LAST DAY TO SUBMIT THE TENDER.
8-17-2016 Newshound Guru mike Article quote: “The float of the dinar that reduces pressure on the central bank in relation to the size of the foreign currency reserves…” For me, the float is a great idea, after they’ve moved to Article VIII. There won’t be any demand for the dinar until it’s internationally recognized and accepted. …just look at the street rate vs official rate as it stands today, there’s a 9% spread. Once Iraqi’s can buy Turkish tomatoes with the dinar, demand will increase. There are many in the GOI who are all for the float today because they know it will probably drop to somewhere between 1400 and 1500-$1 and it will result in lower costs for payroll etc.
8-17-2016 Newshound Guru mike I think Iraq’s reserves are around $50 billion, M0 money supply is at least 30 trillion dinars and when you add in the ISX and other things, the M0 is roughly 60 trillion dinars, or a ballpark of 30-60 billion dollars worth of dinar at the 1182 rate. But what happens if you raise the rate to say 0.10? Now, that same 30 trillion dinar is worth $3 trillion dollars, that’s nowhere close to 150% coverage of the curency in reserves. I’m all for the float but hopefully Iraq will get the currency into Article VIII first.
8-17-2016 Intel Guru ADMINBILL NO RV YET… ONE DAY SOON WE WILL BE REJOICING. WHEN? I AM NOT SURE. IT HAS BEEN SO QUIET YOU CAN HEAR A PIN DROP. MY CONTACTS ARE VERY OPTIMISTIC BUT THEIR SOURCES HAVE GONE SILENT WHICH MEANS THEY BELIEVE WE ARE CLOSER THAN CLOSE.
8-17-2016 Intel Guru Frank26 Quote: ”The GOI Signs on Thursday a Memorandum of Understanding with the United Nations that Requires the Involvement of International Investigators in the Files of the Grounds of Corruption” the UN is there with…handcuffs…to a degree…The UN is going in to…to remove the corruption…We are waiting…and watching for the UN to be successful in what they are doing…me and my TEAMS only care about the UN, the WTO, the IMF and the USA right now…Monetary Reform is out right now in front of our eyes…even before they release Mosul to you as liberated…they have already passed all the laws for the Monetary Reform…once they give you Mosul…what did we tell you…IMO the Monetary Reform will come at you with the speed of light.