Iraqi Dinar Guru opinions 8-24-16
Iraqi Dinar Guru opinions 8-24-16
8-24-2016 Newshound Guru Enorrste Article: “Central bank: Print category 100 000 dinars , and we are waiting for official approval lowered into the market” The reason there is low liquidity in the markets in Iraq is because instead of using their dinars many people are holding them in their mattresses. Thus the CBI has been forced to raise the money supply, not because it wants to but because the economy would collapse otherwise. The introduction of the 50k and 100k notes is directed to solving this liquidity problem, not by just injecting new cash into the market…so that they can draw out the 25k notes from people’s mattresses. There is also a stated goal to have bills roughly equivalent to our $50 and $100 notes. If they are successful these new bills will draw out the 25k notes which will be destroyed… The result will be a reduction in the money supply back to 40 trillion dinars as the article states. This plan of introducing the larger notes has a goal of stopping the rise in the money supply…It is necessary because the people are not yet confident in using banks.
8-24-2016 Newshound Guru Enorrste Once the ball starts rolling and these 25k notes get pulled out then the value of the dinar can be allowed to rise (float). Until they get those notes out of circulation, however, the value cannot rise and won’t. If it did then all of the hoarders would become millionaires, which isn’t going to happen. So it is a process, and the introduction of the large notes is a part of the process to entice the people to give up their 25k notes. The reduction in paper by 2 to 4 times (each 50k removes 2 25k notes and each 100k removes 4 25k notes) will enable the CBI to then reduce the money supply by allowing the VALUE of money to rise. As it does rise the 100k note will become too valuable to hold in a mattress and people will put them in banks if for no other reason than for safety and security. Once there they will move to the CBI which will destroy them.
8-24-2016 Newshound Guru Enorrste This is the plan. It has been laid out clearly and logically for well over a year. We should expect that its implementation (the 50k came out 6 month ago) will continue until the CBI is ready to float the currency in early 2017 or slightly before. Once that happens the value of the dinar will rise and eventually the 200, 100 and 50 dinar notes will be circulated. By that time the 50k and 100k notes will have become history.
8-24-2016 Newshound Guru Adam Montana Things are starting to warm up (as summer cools down, ironically enough). I’m going to let the news speak for me today. Check these out! 1. BIG movement in the oil sector – this could be the start of what we need to see for the HCL: Article: “Abadi replaces the North Oil director with the start of pumping Kirkuk oil to the Turkish port of Ceyhan” 2. Could they possibly have the budget submitted on time for once? It’s possible, thanks to the progress made in the GOI over the last couple years! This is evidence that Iraq has made and is making significant progress. GO RV! Article: “Abadi: submit budget bill to Parliament before September 10″ 3. A call for floating interest rates could be a signal that intelligent PTB’s want to keep their options open, very likely for a situation that will be highly volatile and open doors for massive profits… but not if they were tied down. I like it. Article: “Bankers Call for Floating Interest Rates” Obviously those are some REALLY nice things to be seeing… so with that said, we wait.
8-24-2016 Intel Guru Delta URGENT FROM IRAQI TV: CBI WILL ISSUE 100,000 DINARS, ALSO CBI PROMISED TO ISSUE SMALL METAL CATEGORIES.
8-24-2016 RUMOR Guru Bruce We certainly are ready for the possibility of this rolling out…We are at the point and I know we have said we are done. A four letter d word sometimes we really not wish to use. I think where we are right now the expression applies. WE know for example in Iraq maybe one other portion of the amnesty law that needs to be passed. I think it be done by Thursday. But it shouldn’t preclude this to go. We know they have operated the last several days under the amnesty law and the other law they just passed not too long ago. We are thinking that is in place and moving quickly, not slow us down. Confirmation Saturday Iraq lower denominations are out and in use in Iraq…the notes printed a long time ago, denominations below the 50 dinar note, 20, 10, 5 even coins. So if those are out, that is a very good sign everything is basically done in respect of Iraq. We are looking at 5 currencies in the first basket. Iraqi dinar, Dong, Zim, Rupiah, Afghani and 3 other baskets coming down the road. We are in good position to do exchange for those.
8-23-2016 Newshound Guru Aggiedad77 Article: “Abadi: 2017 budget has reached its final stages” …if they are indeed handing this over to Parliament… this is warp speed on steroids…the people deserve what is in this budget I believe…IMO.
8-23-2016 Intel Guru ADMINBILL (8:46PM MDT Monday Night) THE NEWS TONIGHT IS VERY ENCOURAGING. PREPARE YOURSELF AND YOUR FAMILY FOR A PROFOUND CHANGE.
8-23-2016 Intel/Newshound Guru Backdoc Article: “Iran to do away with two-tier exchange rate” TODAYS’ EARLIER ARTICLE IMPLIES THAT SOMETHING MAY HAPPEN AS EARLY AS SUNDAY TO ALLOW THEIR CREDIT CARDS TO WORK….WE WILL SEE. CERTAINLY THIS IS ENCOURAGING FOR SURE AND IT MEANS ITS SHIA BROTHER [IRAQ] WILL NEED TO DO THE SAME SINCE THAT WAS PART OF “THE DEAL”! WHAT HAPPENS IN REALITY APPEARS CLOSE NONETHELESS! THIS IS VERY ENCOURAGING…! MAYBE THE AMNESTY LAW IN IRAQ MAY FINALLY GET DONE SOON!
8-23-2016 Newshound Guru Enorrste Article: “Central bank: Print category 100 000 dinars, and we are waiting for official approval lowered into the market” Kap’s [Guru Kaperoni] quote of the following makes this perfectly clear: “The new offering is a partial solution to the problem of the Iraqi currency after the CBI dismissed an earlier decision to delete the three zeroes from the local currency and opted to balance the exchange rate of the dinar against foreign currencies in a basket. He states that the new category is not added cash, but rather will facilitate with withdrawal of less value categories and equivalent the size of the presented bank notes. The amount of the currency raised will be nearly 40 trillion dinars which will be at same time put small categories in process and prevent inflation.” One doesn’t just print 100000 dinar notes and then start passing them out to people. The notes are brought into circulation ONLY in exchange for other notes. There is no other way to introduce them, quite frankly. The increase of money supply has nothing to do with the notes themselves.
8-23-2016 Newshound Guru Enorrste Money supply is increased or decreased through monetary actions of the CBI (changing reserve requirements, interest rates, etc.). The bills themselves do not raise the money supply. They are only carriers of the money supply. The quote above clearly states that the introduction of the large notes “is not added cash.” What could be more clear than this statement? Simply put, you can’t just “add cash” in any case: someone has to buy the large notes with smaller notes. It is at worst an even exchange. At best however, as the quote above clearly states, the smaller notes brought in through the even exchange are “withdrawn” by the CBI, thus either maintaining or LOWERING the money supply rather than increasing it. This is simple economics: the money supply doesn’t change by printing notes! It changes by CBI actions in the monetary markets. The money itself is only a “carrier”, not a vehicle of change upward in the supply. In fact, as the CBI burns old notes the money itself can ONLY reduce the money supply, and NEVER increase it. No one just prints notes and hands them out for free!
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…