Iraqi Dinar Guru opinions 10-13-16
Iraqi Dinar Guru opinions 10-13-16
10-13-2016 Intel/Newshound Guru Mnt Goat Article quote: “IMF for Member States pledged to the International Monetary Fund to revive global trade and promote government spending and the removal of restrictions that inhibit the business sector in order to support growth.” To me this is so very important because it is telling us that global financial officials want the dinar as the means of payment for ease to trade with Iraq on an international level. …but how can they keep going to the auctions to exchange dinar for dollars to conduct trade? You see they must get out of their “closed economy” and the financial experts this week told them this must be done and be done soon. How much longer can they wait. …remember that Iraq goes for a review before the WTO on their application for full membership in November. I also want to remind everyone there is extreme pressure coming from neighboring countries in the middle east with Iraq to get out of this “closed economy” as it is hurting their trading partners. So its not even just the international financial community but neighboring trading partners as well.
10-13-2016 Newshound Guru Kaperoni Article: “Iraqi cleric Sadr calls for protest against Maliki’s comeback” Quote: “Powerful Shi’ite cleric Moqtada al-Sadr on Wednesday called for a demonstration against a Iraqi court ruling that returns his bitter rival, ex-prime minister Nuri al-Maliki, to a vice-presidential position.”
10-13-2016 Newshound Guru rcookie Article: “The IMF praised Wednesday progress made by Iraq in implementing economic reforms.” SO…HERE ONCE AGAIN FURTHER CONFIRMATION ON IMF SATISFACTION OF IRAQS ECONOMIC REFORM ACTIONS…WHICH WILL BE TRANSPARENTLY DISPLAYED FURTHER WHEN THE 2017 BUDGET LAW IS MADE PUBLIC OPENING THE WAY FOR THE HUGE SBA UMBRELLA…
10-13-2016 Newshound Guru Aggiedad77 [Iraq is broke, and borrwing money from everyone..how could the Iraqi banks ever change to $3.71?] MY TAKE ON IRAQ AND THE NEED TO BORROW MONEY (USD?) IS THE REQUIREMENT TO STAY SOLVENT. ONCE THE RV TAKES PLAY THE VALUE OF IRAQI DINAR THEY HOLD IN THEIR VAULTS WILL MORE THAN COVER ANY LOANS. RIGHT NOW, IMO, IT IS ALL A SHELL GAME.
10-13-2016 Intel Guru ADMINBILL SHORT AND SWEET THIS MORNING. INFORMATION (RUMORS) SUGGEST THAT THERE MAY BE SOME SORT OF DEADLINE THAT NEEDS TO BE MET FRIDAY. OTHERS MENTION SATURDAY. WHAT DOES THAT ACTUALLY MEAN? THERE IS A POSSIBILITY OF CONTRACTUAL REQUIREMENTS THAT NEED TO BE CONCLUDED.
10-12-2016 Newshound Guru Aggiedad77 I am having one of those “feelings”…we stand before that locked door…all of a sudden…we can hear clicks and clatters…bolts being thrown…then hinges creaking…the door frame bulges…it’s a fat lady for sure…but what happens is hopefully historic….Praying that what flows through is just so totally full of MR…hot…red hot lava flow of the MR…Monetary Reform that is…not the beginning thing either…but rather instead the whole enchilada…
10-12-2016 Intel Guru Frank26 i …We …Will be in RED dress tonight …(For red Hot?).
10-12-2016 Newshound Guru Adam Montana …to dispel a little rumor that was running about the Dinar Airwaves over the week… according to my most reliable sources, Maliki is not going to be returned as VP or any other significant role. I’m sure this isn’t the last we will hear from Maliki, because he has nothing to lose by continuing to file motions, appeals, requests, etc… but I really don’t think we need to worry about him for the present time, or the near future.
10-12-2016 Newshound Guru Kaperoni Articles: “Economic calls to cancel the auction currency and an end to the phenomenon of «money Moadh«” “Why collapsed the Iraqi dinar .. Economists call for the central bank to answer” The way I read all these cries, they are pushing for the CBI to move monetary policy forward…Like we have discussed for so long…the CBI needs to exit the peg and float the dinar. Unfortunately, as much as I agree, the government’s inability to lay the groundwork (pass laws) is holding all these reforms up.
10-12-2016 Intel Guru SteveI [CBI Site Down?…Today, 11:16 AM] It could be a number of things. Please do not read anything into this.
10-12-2016 Newshound Guru Adam Montana Around the end of August I had mentioned my slight optimism for September and greater enthusiasm for October. With October almost halfway over, I’m forced to reign in some of my enthusiasm… but not all. Here’s my latest thoughts: 1. I believe I was mistaken recently when I mentioned the budget was set based on an anticipated $60 ppb… according to this report, it was actually set at $45, which is probably only slightly off from the year-to-date average! You all know I don’t place a lot of importance on the “Budget”, as they release it to the public, but for them to continue showing this kind of control over their assets and finances is a GREAT thing for the world to be able to place confidence in a big increase in the value of the Iraqi Dinar. This year’s budget was completed and published right about the 1st of the year, which was a huge improvement over the previous decade. As of right now, they look to be on pace to do it again, or maybe even earlier! Again, this is exactly what they need to be doing in order to do an RV and most importantly, support the higher rate. They are doing great at this!
10-12-2016 Newshound Guru Adam Montana 2. On the topic of oil prices, Iraq is very much involved in the recent OPEC movement to control production and get the prices moving back up. As of Monday, oil hit $53… The head of BP says he is expecting $55-70 coming soon. This stuff isn’t written in stone, but it’s certainly a good indication of the efforts being taken, and Iraq will certainly gain confidence as a result. 3. Also cheering for Iraq and basically giving them a big ol’ green light is the IMF. It’s important to understand that the IMF can’t force them to RV, or stop them from doing it either, but when they have the IMF on their side, it’s a great thing!
10-12-2016 Newshound Guru Adam Montana 4. But, to get to my reason for reigning in *some* of my optimism for this month… we still don’t have an HCL or much news about it’s implementation. It’s great that Oil is going the right direction. It’s awesome to have the IMF praising them, it’s fantastic that they are making timely progress on the 2017 budget, but… without that HCL, I have to go back to “cautiously optimistic” at this time. On a more positive note, it’s widely believed that the HCL is pretty much done and it’s only a phone call away from being published in the Gazette and made official. That could certainly happen any day, even today or tomorrow! But until it’s done, or we hear more about it, we remain patient.
10-12-2016 Intel Guru Frank26 …there was…an important meeting on the 7th, the 8th, and the 9th…and we told you it was with the IMF and the US and we told you within that meeting there would be a lot of…reviewing of what they have done with the Monetary Reform. …this came out in a documentation where the IMF said…we are working with the CBI…we are working with Iraq…but I am here to tell you…we are not going to put it in any report…anything that we consider sensitive information…we are not going to announce it to anybody…the things they are doing with the Monetary Reform…they may not be privy to us right now.
10-12-2016 Intel Guru Frank26 …the CBI and Allak have said that clearly they want to increase the rate gradually…we…feel that they are doing that…without telling anybody…the market street rate actually dropped over the week…it was at 1309 and it is at 1295 right now…the market rate dropped for the 2% compliance that the IMF wants…they are constantly doing something with the value of their currency…IMO. I am of the school of thought that they will come out 1 to 1 in the country… Allak and the CBI and the IMF have a plan and they are following it…they are following it step by step. Mosul is the big lady that sits in front of us…when they finally do liberate Mosul you are going to see the Monetary Reform right in front of your eyes IMO.
10-12-2016 Intel Guru Frank26 So right now the CBI with Allak and Abadi…IMF, UST… they know what they are doing with the Monetary Reform and the control of the exchange rate of the Iraqi dinar…and do you remember what they have already said…that I want a gradual increase…IMO all of the recommendations from the IMF to the CBI are being accomplished …so we look for the next step to come from the CBI…and by the way…Allak even came out and said…in the reports that we have…in Arabic…he said yeah we know to do this before November…raise the value of your currency …before November…ever since that meeting…in Amman, Jordan…with the CBI and the IMF…the CBI told the IMF…we’ve done all the regulations…we are done…and we will implement before November…