Iraqi Dinar Guru opinions 9-22-16
Iraqi Dinar Guru opinions 9-22-16
9-22-2016 Newshound Guru My Ladies …IF YOU GET RID OF THE NOISE AND READ THE FACTS YOU WILL SEE THAT WHAT IRAQ IS DOING IS NO DIFFERENT THAN WHAT ALL OTHER EMERGING MARKETS ARE DOING. MANY FOLKS IN THE COMMUNITY ARE JUST HYPER FOCUSED ON IRAQ AND THE STUDY OF THAT COUNTRY WHICH HAS LED TO ALL SORTS OF STORIES ABOUT WHAT NEEDS TO HAPPEN FIRST LIKE IS IT THIS LAW OR THAT LAW? IS IT THE RETAKING OF MOSUL? IS IT THE LYNCHING OF MALIKI? IS IT THE RETURNING OF SHABBIBI? WELL GOOD NEWS FOR ALL OF US NONE OF THIS MATTERS IN THE BIG PICTURE.
9-22-2016 Newshound Guru My Ladies POLICY AND LAWS ARE IMPORTANT FOR THE SUSTAINABLE IRAQ, THAT’S A FACT…WHAT IS MORE IMPORTANT IS THE CONNECTION IRAQ CAN MAKE TO THE EXTERNAL FINANCIAL HUB. NOW DOES IT MATTER IF THE DINAR IS ELECTRONIC OR IN PAPER FORM? NO NOT AT ALL, BECAUSE ALL TRANSACTIONS ARE SETTLED DIGITALLY. NO ONE IS CHARGED WITH THE JOB OF MOVING CURRENCY FROM COUNTRY TO COUNTRY IN A WHEEL BARROW IT IS ALL DONE ELECTRONICALLY. WHEN IRAQ TALKS ABOUT THE E-DINAR THEY ARE TALKING ABOUT MAKING A CONNECTION TO THE EXTERNAL HUB. …THE DINAR WILL TRADE…IT IS A FACT AND IS NECESSARY ACCORDING TO THE 2010 REFORMS, AS AN EMERGING MARKET THERE IS A PLACE FOR IRAQ ALONG WITH EVERYONE ELSE. THE WORLD DOES NOT NEED THE DINAR FOR ANYTHING BECAUSE THAT IS JUST HOW THE WORLD WORKS. THE DINAR WILL NOT BE THE SAVING GRACE FOR THE PLANET..
9-22-2016 Newshound Guru My Ladies …PLEASE STOP WRITING AND SAYING…IRAQ HAS A WORTHLESS CURRENCY. THE CURRENCY IS ONLY WORTHLESS WHEN COMPARED TO THE DOLLAR. BUT SINCE THE DINAR DOES NOT CROSS BORDERS WHEN YOU SEE IRAQ BUYING THIS OR PAYING THAT THEY ARE DOING IT WITH USD. THE QI CARDS THAT YOU ALL TALK ABOUT PLEASE STOP SAYING THE CARDS ARE LOADED WITH 3$ OR 5$ BECAUSE THAT IS NOT POSSIBLE BECAUSE THE QI CARDS ARE DOMESTIC TO IRAQ! WHY ON EARTH WOULD THEY HAVE A FOREIGN EXCHANGE RATE INSIDE THEIR BORDERS? FOREIGN EXCHANGE RATES ONLY APPLY WHEN YOU CROSS BORDERS.
9-22-2016 Newshound Guru My Ladies UNDERSTAND THAT IRAQ IS DOING NOTHING SPECIAL, IT IS NOT A WHITE ELEPHANT OR YELLOW UNICORN IT IS SIMPLY JUST ANOTHER EMERGING MARKET AND AS SUCH IT WILL NEED TO REACT AS ALL OTHER MARKETS DO AND THAT WILL BE TO TRADE INTERNATIONALLY. I CAN NOT SPEAK TO RATE AND NO ONE CAN…AND JUST BY READING HOW ALL THE OTHER COUNTRIES DROPPED THEIR ZEROS AND DEALT WITH REVALUATIONS I’M SURE IRAQ WILL FOLLOW SUIT. …SIT TIGHT… THE LONG WAIT IS ALMOST OVER AND FOR ALL INTENTS AND PURPOSES THE CLOCK TO THE NEW SYSTEM STARTED IN DECEMBER OF 2015 WHEN THE CODE OF REFORMS WAS FINALLY ACTIVATED AND ALL EMERGING MARKETS HAVE BEEN FAST TRACKING SINCE THEN. I HAVE MUCH MORE TO SHARE WITH YOU…FOR NOW DIGEST ALL THAT I GAVE YOU… SMILE AND CALM DOWN. IT IS ALL GOOD.
9-22-2016 Newshound Guru Shredd [Who pays for the delta/increase between the current rate and the increased rate we hope to receive?] When you exchange your dinar for USD, the bank will verify the authenticity of the currency (either internally or with a vendor) and once the transaction is complete, the bank DOES NOT hold onto it but rather will exchange it again to USD with a foreign exchange dealer in what is referred to as the interbank market. The bank will set the rate based on the market and demand and will of course take their cut (spread). The foreign exchange market works through financial institutions, and it operates on several levels with few insurance companies and other kinds of financial firms are involved. Trades between foreign exchange dealers can be very large, involving hundreds of millions of dollars. Because of the sovereignty issue when involving two currencies, forex has little (if any) supervisory entity regulating its actions. If you sell your dinar back to the broker you purchased it from, they will exchange with a large bank and the above process takes place the same.
9-22-2016 Newshound Guru Shredd As far as who “pays” for the increase, we can’t look at currency exchange as a finite transaction, a “one-and-done” if you will. Rather, it’s an ongoing transaction…
1. You bought the dinar at a low rate (this is the part of investment where the investor makes their money….on the low buy)
2. The value grows (this is driven by the market and no transaction happens in this step)
3. You sell your dinar (you get the gain and the exchanging bank deposits the USD in your account after verifying)
4. The exchanging bank exchanges the dinar with the dealer (thus balancing their “paying” for the initial exchange)
5. The dealer resells the dinar at the current rate (thus balancing their “paying” for the exchange bank’s exchange)
6. The new buyer of the dinar ultimately “paid” for your initial exchange but they also hold the dinar at the new value and can exchange it again as the rate increases. Once they do, they balance what they “paid” for their purchase plus gained a bit since they chose to trade…and on and on it goes from here.
9-22-2016 Newshound Guru Shredd So, in summary, the “paying” for your exchange is passed on and the only entity that would ultimately lose money out of pocket per se would be the investor who was holding the dinar at the time if it would crash in value. This general rule applies in all levels of investment — buying low and selling high. We just get the benefit of the biggest jump in the difference of the two! To that point, I personally plan on initially exchanging a certain percentage of my dinar and holding on to the remaining with the hopes of an even greater gain further down the road.
9-21-2016 Intel Guru Dr. Clarke This is EXACTLY what we were hoping to see today, the 21st, as we’ve been talking about Sept. 21 now for past 3 weeks, as a Key important date…and SEE immediately on the other side…Zebari removed…and IEX 1st Qtr. info released…ALL while Abadi out of the country…hmmmmm….World Bank today also, huh?…same day? Right on Schedule, Right on Time, Right Now, moving according to “Plan”. Very Positive Momentum right now. Friends, it’s only going to get MUCH BETTER, from here on out…There’ll probably be a “small” downer thrown in over the next few days – but IGNORE IT…will pass right by & thru…As we indicated last time, this upcoming SUNDAY 25th & MONDAY 26th, are VERY VERY important. Please find that SMILE that’s been hiding in Doubt, for Oh, such a very long time…at least find a small one, even to yourself, that nobody else sees…It’s time to Start Smiling, and KEEP Smiling…this time.
9-21-2016 Newshound Guru mike Article: “Parliamentary Finance demanding the central bank to intervene “urgently” to reduce the dollar exchange rate” Here’s hoping there’s enough reserves to get the MCP below 2% for 90 days. The only way to get the street rate down is to satisfy the demand for dollars or unpeg and let the dinar drop to 1400-1 again. …Iraq has to demonstrate they have control over their currency and provide monetary stability to potential investors and right now, they don’t have control over the dinar.
9-21-2016 Newshound Guru Shredd Article: “Iraq Stock Exchange launches instructions online trading system for investors” Quote: “…the market identified instructed disclosures required of brokerage firms, which contain procedures to disclose the risks associated with an investment models dealing with investors (Know Your Customer KYC), and commissions that Satkadaha mediator, as well as the requirements are carried out by investors to agree to their trading via the Internet…” this is a very good article and yet another reminder of the progress Iraq has and is making. Investors vetted via KYC and having access to easily trade electronically are huge foundational necessities for both public and private investment.
9-21-2016 Intel Guru Frank26 Here’s another little thing for you…even when the value goes from an RI into an RV…yes the dinar will be a dinar inside the country…but it is going to explode in our hands…supply and demand… internationally…
9-21-2016 Newshound Guru Adam Montana No alert flags. I see good things happening for the IQD right now, I’m actually on a “medium” alert at this time…
9-21-2016 Intel Guru Delta URGENT FROM IRAQI TV: ISX WILL LAUNCH ON LINE TRADING SYSTEM FOR INVESTORS IN THE FIRST QUARTER OF 2017.
9-21-2016 Newshound/Intel Guru BGG Articles: “Parliament dismisses Hoshyar Zebari” “Jubouri: We will respect the Federal Court ‘s decision on answers Zebari” Quote: “House of Representatives voted to dismiss Finance Minister Hoshyar Zebari on the background of corruption charges” Parliament dismisses Hoshyar Zebari…Which is – (all of their pursuit of corruption) – one of the key points the IMF has made to them… they HAVE TO DEAL with it…they are doing exactly what the IMF has advised them they must do… Quote: “…the first phase of the standby credit agreement with the international Monetary Fund included several reform requirements of the Iraqi economy, and performance standards, and financial management reform…” …they are responding to their IMF supervision.