Iraqi Dinar Guru opinions 9-13-16
Iraqi Dinar Guru opinions 9-13-16
9-13-2016 Newshound Guru Breitling …articles coming out with banks having problems giving people Iraqi dinar. Remember this is a two pronged attack. They are trying to reduce the dollar amount because the only way they can reduce the note count and add value to the currency…is to make sure people aren’t addicted to the US dollar…so there is a balance there. We don’t have enough information to calculate. At what point are they pulling dollars off? and at what point are they reducing the note count. And at what point are they more heavy than the other? We don’t know. BUT we know what to look for and we know the key words they’re saying and what it means for us…Between 80 and 85% of notes in Iraq are 25K notes and they say they have about 41 Trillion in dinar…divide that up into 25K notes. and you’ll figure out about what the note count is at.
9-13-2016 Newshound Guru mike Article: “Parliamentary Finance: granting employees leave for five years testifies to the bankruptcy of the Iraqi state” Maliki went on a hiring binge and now Abadi’s got to trim the fat and let them go. Iraq could afford the patronage system when they were making $100 billion a year from oil but now that it’s down, there’s no fat to feed the folks. It seems like Iraq has the right idea, move these folks off the government teet and get them into the private sector, but they’re doing it backwards. First they need to set up the open market economy and then you grant these folks “vacation.” By moving these folks over it will save the government’s bloated payroll but it needs to be done with some kind of common sense.
9-13-2016 Newshound Guru mike Article: “Immaturity” economically Iraq has been presented by international conditions, “most unfair” and Abadi demands as “bold stances” Quotes: “financial mismanagement of the government and the dominance of the ruling parties on the financial file, in addition to rampant corruption and lack of activation sector The private” “those conditions came because of the immaturity of Iraq economically and not having economical and institutions or well-established monetary policy, making the citizen a victim of economic ignorance.” This says it all…Abadi needs to get in the game, attack the corruption and get the open market economy opened up.
9-13-2016 Intel Guru ADMINBILL NO RV/GCR THIS MORNING. I AM TOLD TO NOT WORRY. IT IS ON THE WAY. NEXT OPPORTUNITY IS APPROACHING BY WEEKS END. LET’S ALL HANG IN THERE AND SEE WHAT HAPPENS. COULD IT STILL HAPPEN TODAY? MAYBE.
9-13-2016 Newshound Guru Mailman17 I DO AGREE WITH [GURU] BREITLING AS FAR AS IRAQ GETTING THE NOTE COUNT DOWN, BUT, AS MUCH AS THE NOTE COUNT MATTERS, ITS WHAT REPRESENTS THE M2 THAT REALLY MATTERS IMO…THEIR M FACTOR REPRESENTS NOT ONLY PHYSICAL DINAR BUT DINAR ON THE BOOKS AS NUMBERS AND NOT ACTUAL PHYSICAL CURRENCY. WE ALSO HAVE TO REMEMBER JUST HOW MUCH ACTUAL DINAR IS BEING HELD AS BACKUP CURRENCY BY OTHER NATIONS, ESPECIALLY THE PARIS CLUB. HISTORY TELLS US THE US ORIGINALLY LENT IRAQ 20 BILLION U.S. IN LIEU OF DINAR. AT THAT TIME THE RATE WAS 4000-1. ADD IN THE OTHER MAJOR COUNTRIES, AND 41 TRILLION ISNT THAT MUCH FOR IRAQ TO HANDLE BECAUSE THE MAJORITY OF THAT IS FOREIGN CURRENCY RESERVE FOR OTHER COUNTRIES.
9-12-2016 Newshound/Intel Guru BGG [any late news on the progress of the dinar?] I am sure the next few days will be very revealing – and…or I should say…the biggest news would have been the full context of the results of the IMF – Iraq meetings/review in Amman, Jordan…as that news comes out – it will be interesting and…we’ve got a few developments coming soon – GOOD STUFF.
9-12-2016 Newshound Guru Breitling …No. I’m all about measure and I don’t know how to measure that. It’s very simple…if you see someone and they have a car frame and it’s just sitting there and they have an engine and it’s just sitting there separate and they’ve got wheels and they’re separate…you know they’re building a car especially when you look at the parts…you probably can tell what type of car they’re building. Is it going to be a race car? Well if they’re using race tires and an engine that’s bigger than what everyone else’s then it’s pretty much going to be a race car right? So that’s what we’re looking at. That’s the only thing I can go by. To me it sounds goofy when I have to use that type of example…a lot of people got into the dinar because of intuition but I don’t calculate by intuition. I don’t believe in it. I don’t believe in hope. I don’t believe in any of that stuff. If I can’t see it. I can’t measure it. I can’t invest in it. So you know this is an indicator but it’s nothing that’s measurable so you have to be very cautious when looking at it. So very very good articles coming out.
9-12-2016 Newshound Guru rcookie Article: “Governor of the Central Bank: IMF surprised Bamtlakena reserves exceed expectations” …THE IMF…IN AUDITING CBI IS SURPRISED TO FIND $10 BILLION MORE IN RESERVES THAN PROGRAMMED FORCASTED AMOUNT…AND MORE INTERESTING… COMMENTS BY THE IMF ON THE CBI PERFORMANCE DURING THESE CHALLENGING ECONOMIC TIMES…AND ADHERENCE TO…MORE THAN 20 INITIATIVE THE IMF SPELLED OUT TO CBI…AND IN PARTICULAR…THE IMPLEMENTATION OF THE ISLAMIC FINANCIAL INSTITUTIONS ACT…WHICH WAS IN THE 2016 LOI/MEFP/TMU…
9-12-2016 Newshound Guru mike Article: “Governor of the Central Bank: IMF surprised Bamtlakena reserves exceed expectations” quotes: “Iraq’s commitment to the pledges made to the International Monetary Fund…especially as it is consistent with the orientations and objectives, noting that the Fund was surprised to be Iraq’s reserves of foreign currency more than its forecast of about ten billion dollars. “the report stressed the central bank’s commitment to the implementation of more than 20 pledge to fully and a proposal within the time specified timings.” This is a good article from Keywords telling us the IMF is happy with Iraq…
9-12-2016 Newshound Guru Shredd Article: “Governor of the Central Bank: IMF surprised Bamtlakena reserves exceed expectations” Look at the big picture folks….this would not be the case for a country with a failed or failing economy, heading to a lop (redenomination). Reserves have been growing for almost the entire time I’ve been following Iraq which is one of the pillars of why I’ve stayed! It’s just a matter of time until the CBI moves to a market-driven floating rate for their dinar which will be a true representation of their economic landscape. Not an IF…a WHEN.