Iraqi Dinar Guru opinions 11-14-16
Iraqi Dinar Guru opinions 11-14-16
11-14-2016 Newshound Guru wmawhite [I see where parliament is going on recess in Dec and not coming back until Jan 07, 2017…I sure hope all laws are voted on that are needed before a change in the value on our investment or we are looking into 2017…?] Gee, wonder why the CBI has told the world that the 50, 100 and 200 notes are coming out in early 2017…Just wonder if the CBI thinks there are enough laws in place? …the CBI would not be flooding the media with this information if they (the CBI) did not already have what they needed to do certain things that (has the CBI said)…”there be the affect of the delete the zeros project”.
11-14-2016 Newshound Guru wmawhite Parliament has already given the CBI the “green light” to move forward with the delete the zeros project. This happen in March 2015. Furthermore, the CBI has been flooding the news with their intent, which is to put notes into the market place that currently has like value of $0.04, $0.09 and $0.18. The CBI is not telling the world that they are doing this only if Parliament does not go on recess. The CBI is driving/steering this ship. Everybody else is reacting to the CBI.
11-14-2016 Intel Guru Dr. Clarke […since the CBI says they are starting the process to delete the 000’s it may very well be a rate change in 2016.] Looking more & more, like the highest probability, is right at the very end of November, 2016…we’d say it’s now at 99%…
11-14-2016 Newshound Guru Aggiedad77 Article: “In fiscal policy seminar in Iraq in favor of proposing the establishment of a specialized commercial bank importation” Commercial Bank…would that be a vital and necessary thing at a program rate…where do you think this headed…why of course their Financial Reform kicking into high gear…why not…terrorism is breathing its last breath…the Long Line is chomping to get into Iraq in an even bigger way than has previously been experienced…a Commercial Bank would be just what the doctor ordered…what better way to resolves issues around credit and import policies from where…outside of the country of course…pay attention to Dr. Saleh…when he is speaking…it is truly Abadi’s thoughts that come from him…and the Iraqi people listen…listen with intent… the BEST is coming…all IMO.
11-14-2016 Intel/Newshound Guru Mnt Goat There is now so much news pouring out of Iraq on the “project to delete the zeros”. …they will have to explain the project all over again to the citizens since it has been about a year already since they last tried to do it. They are now ramping up to do just that. I expect they will give a deadline (a time limit) as to how long the Iraqi citizen has to exchange the 3 zeros for the new lower denomination notes before they expire. This is of course in Iraq only. We know the 3 zero notes will remain in circulation (but more for the inter-banking transactions) for 10 years. If you look at the BIG picture you will realize that us investors will be like the bankers in Iraq, who will remain holding the large 3 zero notes and use them mainly for inter and intra country commerce. Only the value will change significantly from what it is today, IF YOU WERE TO USE IT INTERNATIONALLY.
11-14-2016 Intel/Newshound Guru Mnt Goat …we all should be very excited now…but I am also VERY cautious and know they can also postpone this effort again if certain mandated reforms and reconciliation efforts fail. But we also know they can not grow their economy either without a real currency…There is just 47 days remaining in 2016. Many say this event will happen prior to Jan 1st 2017. I will tell you THERE IS ABSOLUTELY NO EVIDENCE SHOWING US OR TELLING US IT WILL HAPPEN SOONER! Can it happen prior? Anything is possible..
11-13-2016 Newshound Guru Shredd […what is the incentive for the Iraqi people to bring the larger notes in if the value does not exceed the dollar?] …the plan is to reduce the supply of the dollar. This is huge. If they were flooding the market with the dollar, it would satisfy the need for lower denoms. BUT, since they are reducing the dollar supply and replacing with the dinar, think of the practicality of that at the rate today…ridiculous, right? So, this situation, the supply and then the corresponding necessary increase in the value to make the ease of carry, the incentive is there to use the dinar.
11-13-2016 Newshound Guru Islandg1211 Because they have to “delete the zeroes” they have to announce their steps to get the citizens to bring in their three zeros Dinars. Because they have to issue the lower denoms, they have to announce the program to the citizens. It isn’t like they are keeping the old currency and just raising their exchange rate, so they have to make announcements. ISIS has really delayed them for three years (2014-2017.) I’ve never believed that they would RV 4th quarter of a year, nor do I believe that at this point they will RV prior to gaining control of Mosul.
11-13-2016 Newshound Guru Islandg1211 I also believe that they do need to pass Investment and Banking laws. They need to stop the MCP. Mosul is projected to be done in 2-3 months (everyone can define “done” in different ways, I’m defining it as being safe and secure with mines cleared and roads driveable.) I doubt the GOI is going to get anything else done besides the Budget before February given their track record. Hopefully, February and March they can actually pass what they need to pass and be ready to RV by the end of March-April window, while the CBI “starts” the deletion of the three zeroes the first quarter of 2017, and Mosul is secured. ALL THOSE THINGS ARE ACHIEVABLE by APRIL 2017, and it fits with the CBI’s recent statements that they are beginning the process the first quarter of 2017.
11-13-2016 Newshound Guru Aggiedad77 Article: “Proposals on the central bank’s decision to grant the loan?” Quote: “The Iraqi government and the Central Bank of Iraq’s decision to allocate trillion dinars in the budget of 2017 to give a concessional loan for the establishment of small and medium enterprises is a correct and important step…” IMO…we are seeing the CBI acting here with regard to this loan for 2017 as though it is a done deal…so could they know already that the budget will be passed…that at least this portion of the budget will skate through Parliament unscathed…How would they be making plans for this loan to these sectors if they didn’t know already what was the outcome of the budget process within Parliament…I’m thinking we will see this budget passed this month…by the end of this month…and when it is passed/approved and published…oh the movement of their Monetary Reform will truly swing into a higher gear known more fondly as full speed ahead…
11-13-2016 Newshound Guru Shredd Article: “Central Bank: the deletion of zeros in early 2017″ This IS a great article and aligns/confirms the plan we’ve been watching regarding removing the zeros. So what does this mean? …this means removing the large three zero notes from circulation. Now, that does not mean retiring them…they are legal tender. …they just recently released the 50k and 100k notes. So, this is an effort to reduce the large note count in circulation. This will also encourage usage of the electronic banking structure that has been in construction for the past few years…balance protection, rate lock windows, etc. …you will start seeing evidence of the reduction of US Dollar in Iraq.
11-13-2016 Newshound Guru Shredd I’m happy to be wrong, but the “gradual” increase in the value of the dinar that we’ve been reading about for the past few years may very well start off as a continued managed float before it moves to a full market-driven float to maintain stability. The 2% rate fluctuation stability requirement makes me wonder if that will be the case…to mitigate market reactions to large “steps” or tranching of the rate. We’ll have to wait to see. Anyways, this is great news in what I’ve felt is a bit of a lag or drought of news we can hang our hats on.