Iraqi Dinar Guru opinions 11-4-16
Iraqi Dinar Guru opinions 11-4-16
11-4-2016 Intel Guru Delta We noticed yesterday, the auction details…looks like they are ready to change the rate. This is more and more confirmation that they are very, very close. The rate must change first before they introduce the lower denoms. In June/July, they got the 1st installment from the IMF…but the 2nd installment was supposed to happen before November. …so what happened? I believe they are waiting for Mosul. The IMF is waiting for them to implement the reforms. They will meet on the 7th of November…but if Iraq isn’t done…they will wait until December 7th. A lot of investors…outside of Iraq is waiting to get in.
11-4-2016 Intel Guru Frank26 Banks in Mosul…are not connected to anything…9 months ago the coalition forces blew up the bank in Mosul…But not all of the banks. So what happened to them. They were secured and TURNED-OFF. If these banks are needed for the Monetary Reform…they can just REBOOT them…because it’s now an E-COMMERCE environment.
11-4-20165 Newshound Guru MadDscout …we are still in a very good place. They are still moving forward on many fronts. We are also seeing ground work being laid for the taxation structure and more evenly applied tarrifs. Much investment starting up in many places. We are watching Anbar being refurbished and all that is going on in Basra, and it’s outlying cities. And a speedy push into Mosul. [Seems as though Mosul has to be liberalized from Islamic Terrorism…Then everything else starts to take place?] I can’t say as I disagree…I don’t say have to…But it will go a long way towards it. We know the CBI wants Political/Social stability.
11-4-2016 Newshound Guru Breitling Iraq has oil…that’s it. So if they’re not making money on the oil they have to get it from somewhere else…right now they are in a restructuring stage. I get asked all the time, “when do you think it’s going to revalue?” It all depends on how far they can go and afford restructuring. Meaning how long can they go keeping their currency low and restructure for cheap? Well guys that’s coming to an end. they can’t do it any longer because of the market and the price per barrel. That’s why you’re seeing all these articles coming out and more and more from the CBI saying “we’re going to do it…we’re going to pull the trigger.” and that’s why people should be very very excited because it’s coming down the road and its not hype. It has to do with they’ve been kind of cornered.
11-3-2016 Intel/Newshound Guru Backdoc REMEMBER THE IMF SAID THEIR LOAN REVIEW FOR IRAQ WOULD CONCLUDE ON NOV. 7TH OR DECEMBER 7TH…THIS MONTH OR NEXT…DIGITAL PAYMENTS SHOULD BE UP AND RUNNING! WITH THE COUNTRY CODE (IBAN) IN PLACE, IRAQ LOOKS TO BE READY TO MOVE MONEY CROSS BOARDERS.
11-3-2016 Newshound Guru rcookie Article: “Baghdad gallery .. motionless economic expansion of cooperation with the world” Quote: “Baghdad , the new international exhibition of 450 international companies representing 12 countries came ambitious and wide in the hope of achieving its goals closer cooperation with Iraq” …A GREAT PRECURSOR TO BAGHDAD 43RD INTERNATIONAL FAIR…FEATURING MORE THAN 450 COMPANIES FROM 12 COUNTRIES… SHOWCASING IRAQI INVESTMENT OPPORTUNITIES FROM ALL SECTORS….
11-3-2016 Intel Guru ADMINBILL LAST WEEK WE WERE GIVEN INFORMATION THAT LEADS US TO BELIEVE THAT WE SHOULD SEE ACTIVITY VERY SOON. THERE ARE OTHERS THAT DO NOT BELIEVE WE ARE QUITE THERE YET STATING THAT THE INITIAL STEPS ARE NOT COMPLETED THAT WILL ALLOW ANY PRIVATE “CURRENCY” TO GET SPENDABLE FUNDS THROUGH THE WEEKEND AND INTO NEXT WEEK. THIS IS NOT A HOLD UP IT IS SIMPLY TAKEN LONGER THAN THOUGHT ACCORDING TO OUR SOURCE. [Are the authors of the plan leaning past the 10th or next week?] I HAVE NOT BEEN TOLD.
11-3-2016 Intel Guru Delta If you go to the CBI website and read their strategy/plan…they need to do the exchange rate. The plan includes 2016! Very significant…very huge! We believe they do have the DATE and the RATE! We believe that we are very close. For those who have Warka bank accounts…they really are in business. Most importantly, the IBAN (which is the identity of that bank)…and my account…I logged in as usual…and noticed something different. You now can see the account number and the IBAN code. That IBAN number…shows they are going international. I was so happy to see that! If they weren’t ready…they could have waited until next year. This is more confirmation….This is solid proof they are going international. All that is missing is the rate.
11-3-2016 Newshound Guru mike Article: “Central Bank of Egypt frees pound exchange rate” Quote: “determine the exchange rate of the local currency will be in accordance with the mechanisms of supply and demand.” This sounds like the float type system that most countries use, supply and demand. The good new for Egypt is there are no exchange restrictions and they’re in Article VIII. The last Article IV consultation with the IMF had Iraq remaining pegged to the dollar, if they unpeg and go to the supply/demand deal without Article VIII and the restrictions removed I’m betting the dinar will crater to somewhere around 1500-$1, if not lower. There just isn’t any demand for the IQD right now, the peg is the only thing propping it up…IMO.
11-3-2016 Newshound Guru wmawhite …it is always good to ask…”what is it that we know.” Most of what we know comes from the Central Bank of Iraq. The most recent was two and a half weeks ago… “The governor of the Iraqi Central Bank, on Thursday, said the project to delete the zeros will be implemented in early 2017, indicating that the bank began to develop the first steps of the project…he added that “the Bank is working on the mechanisms in place towards the implementation of this project is expected to commence by the beginning of 2017…” …other article/opinion pieces, IMO, support or add to what the CBI has indicated what they want to do.
11-3-2016 Intel Guru ADMINBILL THE INFORMATION IS NEITHER POSITIVE OR NEGATIVE. WE ARE SIMPLY WAITING TO SEE WHAT HAPPENS THIS WEEK. BANKERS AND INVESTMENT BROKERS ARE EXPECTING GREAT NEWS THIS WEEK AS I AM. I REMAIN CAUTIOUSLY OPTIMISTIC THAT THE INFORMATION WE HAVE RECEIVED IS ACCURATE. MY DATE WAS THE 1OTH.