Iraqi Dinar Guru opinions 9-18-16
Iraqi Dinar Guru opinions 9-18-16
9-18-2016 Newshound Guru Aggiedad77 Article: “Kurdish source: Washington got a pledge from the leaders of the political blocs to postpone the withdrawal of confidence from Zebari three months” …IF…we are so close to some “event” happening…it wouldn’t make sense to try a new recipe to bake a cake would it…that to me makes perfect sense with Zebari as well… Here we stand on the precipice that ledge…the skinny and narrow ledge where a step of faith is being required…why make that step with an unknown… Zebari may not be an angel…but he has the knowledge…he knows the numbers…he understands the workings of what is expected to kick their Monetary Reform into full gear…warp speed…Anyone one else would have to review the recipe and make sure the ingredient are to their liking…remember the IMF is telling them NO MORE DELAYS…get ‘er done boys…The US has the clout to keep Zebari right where he is and they are playing that card to keep the steam in the engine…leave the recipe alone the US is telling Abadi to tell the rest of the GOI…make this cake so Iraq can rock the world…by November…
9-18-2016 Newshound/Intel Guru BGG […IMO the interest for us now is only the intro of new currency and how they will treat the existing 3 zero notes…] no need to be concerned about how they treat the 3 zero notes… they are worth a Dinar and will still be worth a Dinar once they make the change…
9-17-2016 Newshound/Intel Guru BGG Article quote: “…the willingness of credit with the international Monetary Fund by which it agreed to grant Iraq a financial loan of $ 5.3 billion agreement…” …their whole budget relies entirely on oil – everything you see in their budget is their whole oil production… their everything rises and falls on oil production and oil prices. …this loan is just a vehicle to get the IMF and “world support” on board… two things they really need…1) IMF oversight and a demonstrated ability to do as they are told… 2) international acceptance… re-integration with the world economies. #2 won’t fully happen without #1…AND international acceptance in every way. This includes an internationally priced and accepted currency…
9-17-2016 Newshound/Intel Guru BGG According to economists – once they are internationally integrated – their currency priced right, investment laws are properly amended and internationally accepted – THEY WILL GET HIT WITH A WALL OF INVESTMENT MONEY… (their actual words). When this happens – they will be a lot less dependent on oil income…far more diversified. […the IMF is in charge. What say you?] I agree… and they seem to be responding. I really think all of this is part of “the financial reform”… no doubt. …unlike in previous regimes – there is no stall here… it’s all GO, GO, GO!!
9-17-2016 Intel/Newshound Guru Mnt Goat There is an effort now under way to recover nearly 60 billion that has been stolen from the CBI reserves and from the treasury on falsified contracts and other corruptive measures. The CBi reserves could literally climb over night to 2012 levels very quickly and as it could be months and not years and this would bring us to early 2017…we know they will not issue this 100,000 note until after the RV occurs and it is never going to be used on the streets of Iraq as it is intended for inter-banking transactions only. This we know as factual. So it could be many months or even years before we see this note. But I don’t think longer than months since common sense tells us they were in a budget crunch and so why spend so much money and tie up so much money getting this new note designed and printed now if they did not intend to launch it soon.
9-17-2016 Intel/Newshound Guru Mnt Goat So the good news, if any, is that we now know 3 things are now FACTUAL and see these FACTS in writing from the CBI:
· Iraq does need the IMF’s permission to RV
· Iraq CBI needs to increase their reserve of hard currency now sitting in the CBI. It now is almost cut in half from what it was in 2012.
· the legislative track and other issues also have an impact on the exchange rate (so it appears Iraq does need some mandated laws…)