Iraqi Dinar Guru opinions 8-23-16
Iraqi Dinar Guru opinions 8-23-16
8-23-2017 Newshound Guru Breitling I want to throw this out about the note count…these guys who are anti dinar and anti Vietnamese currency…on the Vietnamese currency they CORRECTLY said there’s too much currency in circulation. That’s true…that’s the whole point. That’s why we have to watch for them to reduce the note count. Now with the Iraqi Dinar it’s completely opposite. They are INCORRECT on reading the DM1 and DM2 interim report. They need to get out [of dinar] if they think there is that much currency out there…It just happens to be equivalent to the country’s reserves?…There is simply NO reason to reduce the note count if they’re gonna pretend that they’re going to take the zeros off it. …There’s no reason to reduce the note count if they’re NOT going to add value to it. Why would you do that? So that’s the game. If you see any country at all that mention or give out any information that says they’re reducing the note count…I’ll go buy the currency. doesn’t matter who it is…if they are reducing the note count go buy the currency cause you’re going to make money.
8-23-2016 Newshound Guru rcookie [are they voting on amnesty law tue 23 aug?] YES…AND THE DEBAATHIFICATION LAW AND A PLETHORA OF OTHERS ACCORDING TO THEIR AGENDA…
8-23-2016 Newshound Guru mike Article: “National Coalition calls for reforms in the Central Bank” Quote: “Talib national coalition led by Iyad Allawi, the need to reform the central bank’s policy in the auction currency management and the dollar exchange rate in the market, expressing concern about the bank’s insistence to continue this policy.” Allawi’s right, the auction’s are riddled with corruption. Wouldn’t it be something if the legislators in Iraq (that’s you, Allawi) charged, prosecuted and imprisoned those who are stealing from the auctions? The IMF has already advised them to stay on the peg, without the legislation (think Allawi and the rest of the GOI) Iraq can’t move to the open market economy and get rid of the auctions.
8-23-2016 Newshound Guru Kaperoni Article: “National Coalition calls for reforms in the Central Bank ” Quote: “He stressed that the so-called auction currency is “non-existent in countries that rely economy” Allawi is right, that these auctions don’t exist in countries with a market economy. That is because these other countries are not stuck in Article XIV trying to prove to the IMF they are ready for Article VIII. That is why Article XIV is called “transitional” as they are suppose to be working diligently on any and all restrictions that may exist so they can move to Article VIII. Allawi indirectly is trying to push the banking system forward with his comments asking for the auctions to end. The CBI has no choice, either get in compliance and succeed in opening the banking system or status quo which is depleting the reserves and keeping investors from coming Iraq. Changes must come soon.
8-23-2016 Newshound/Intel Guru BGG Article: “Urgent Parliament postpones vote on the amnesty law to Thursday ‘s meeting” [So they did not vote on anything?] Relax… not the end of the world – no one ever said “if they vote on Tuesday – we’ll have an RV…They are moving toward that at a fairly rapid pace… no need to be discouraged.
8-23-2016 Newshound Guru rcookie Article: “Urgent Parliament postpones vote on the amnesty law to Thursday ‘s meeting” LOOKS LIKE AMNESTY VOTE PUSHED OFF THURSDAY 25TH…AFTER SHARP ALTERCATION BETWEEN RULE OF LAW AND CITIZEN BLOC OVER WITHDRAWAL OF CONFIDENCE FROM OBEIDI… SO…THE EVENTS IN PARLIAMENT TODAY…THERE WAS A PROPOSAL TO DELAY THE VOTE ON WITHDRAWAL OF CONFIDENCE FOR OBEIDI TODAY…WHICH THE HOUSE VOTED DOWN…AND AS A RESULT THOSE BLOCS WALKED OUT AND CREATED A LACK OF QUORUM NEEDED FOR THE VOTE ON THE OTHER LAWS THAT WERE CUED UP…
8-22-2016 Newshound Guru Kaperoni Article: “Central bank: Print category 100 000 dinars , and we are waiting for official approval lowered into the market” the CBI has stated on at least a few occasions the intent of the 50k and 100k. We may not agree with it, but I don’t think we should argue with that explanation…the purpose is to create demand for the dinar and raise nearly 40 trillion dinars. The 50k note which has been out for 6 months or more has not increased the money supply…compared to this time last year. In other words, the CBI is doing what it said they would be doing (2-25k=1-50k). …I do not think this is bad news at all. In fact, this decision was made over a year ago and stated it was a step towards currency reform. So, in fact, if it is a step, we are progressing towards our goal. Don’t lose site that currency reform means raising the value and removing the larger notes. This is a must for what Iraq needs to do moving forward.
8-22-2016 Intel Guru ADMINBILL IS THERE A LIGHT AT THE END OF THE TUNNEL FINALLY BREAKING THROUGH? I AM HOPEFUL WE WILL SEE MOVEMENT TODAY THAT WILL PROVIDE US WITH INFORMATION FROM OUR TRUSTED INFORMATION SOURCES. THE PAST WEEK HAS BEEN VOID OF SOLID INFORMATION. I AM REALISTIC ENOUGH TO KNOW THAT MAY NOT MEAN ANYTHING BUT DINARIAN ENOUGH TO HOPE THAT IT DOES BODE WELL FOR THIS MONTH OR THE FIRST PART OF SEPTEMBER.
8-22-2016 Intel/Newshound Guru Backdoc TOO MANY POSITIVE THINGS OCCURRING. I WISH I COULD SHARE CERTAIN THINGS BUT THEY ARE TOO SENSITIVE! …WHEN THINGS ARE THE WORST THEY ARE THE BEST! REMEMBER MY STUDY WINDOW, SEPT. 2ND TO MID OCTOBER! VALUE IS LIKE WATER, IT WILL SEEK ITS LEVEL! THE RAIN IS ABOUT TO COME!
8-22-2016 Newshound Guru rcookie THEY TASKED THEMSELVES AT BEGINNING OF 2015 …TO OVER THE COMING 24 MONTHS TO REDUCE THE AUCTIONS BY 75%…FROM JAN 1ST 2015 TO DEC 2015 THEY REDUCED BY 25%…FROM JAN 2016 TO JULY 2016 THEY REDUCED BY 24.9%…SO THEY HAVE ANOTHER 5 MONTHS AND ARE ON GOAL TO REACH THEIR 75% REDUCTION OVER 24 MONTHS..
8-22-2016 Newshound Guru Breitling …again to do that [add value to the Dong] the same exact scenario that any country would have to do if they want to add value to their currency…they’re going to have to reduce the note count…so there’s no difference between Vietnam, Iraq, United States, Russia…People are predicting that China is going to start sooner or later adding value to their currency…what’s that going to do is open up the door for Vietnam to add value because they can add value and compete against China at the same time….that’s where it’s coming from and again, you know the numbers are coming from the Vietnamese government…that hasn’t changed…what they need to compete on a global scale and to be able to have cheap labor and all that stuff they want to raise the value to about 2 or 3 cents…that’s it…that’s all they need. In fact if they raise it any higher than that it might ruin the formula that they have to compete in the region so they’re not going to go too high.
8-22-2016 Newshound/Intel Guru BGG [Tuesday looks like parliamentarian issues are over. Where do we turn our eyes to = next?] Not exactly – but moving more and more that direction… [Amnesty and J&A?] I just don’t agree fully with the “all good – all done” mentality… getting MUCH closer – to be sure…AND it’s not impossible these last few Parliament issues are on a separate track altogether…as in parallel and not interfering with one another… once the IMF and UN has whatever it is they are requiring (and there is something there) they make the next move (we are looking for) toward economic reform…BTW – currency reform is just one more step in the development of Iraq into a global trade partner they are looking for…which they very much appear to be on a fast-track towards.
8-22-2016 Newshound Guru Kaperoni Article: “Central bank: Print category 100 000 dinars , and we are waiting for official approval lowered into the market” Well, a 100,000 dinar note is going in the wrong direction in regards to opening the banking system for international commerce, freedom of movement of capital, achieving IMF Article VIII etc. and perpetuate a market economy. I believe this was discussed at the time of the release of the 50k and the CBI stated their was no need for the 100k. That being said, if the notes are issued and are meant to reduce the physical notes (4-25k for 1-100k), then it may help draw the dinar out from under the mattresses. This all seems a bit late, since time is not on their side for such a plan anymore. They need to open the banking system, reform the currency and value, and invite international investment and investors to Iraq now. Such a move IMO is risky and unnecessary at this time and would cause further delays.