Iraqi Dinar Guru opinions 12-9-16
Iraqi Dinar Guru opinions 12-9-16
12-9-2016 Newshound Guru Shredd Article: “The Governor of the Central Bank: no way to uninstall window selling the dollar, if the exchange rate became cancelled 3 or 4 thousand, maybe more/” As I read and reread through this, I look at the big picture which I always try to do. The scope of this is around the auctions. The cbi must keep them going to prevent collapse. They are the single most effective tool right now for the cbi to maintain stability in the currency. Future state, interest rates will become a primary tool. Now I know some people in the dinar world are going crazy because the word “float” is mentioned but..
12-9-2016 Newshound Guru Shredd I see possible evidence of a continued managed float (with continued auctions) before a market-driven (and no auctions) free float. This is why I say this: “He noted that the solution in Iraq lies in dollar demand reduction through structural correction of the Iraqi economy, and not through refraining from selling the dollar.” “Structural Correction” means a planned, controlled process. Additionally, if a free float and stopped auctions started now, it would “collapse” Iraq’s financial situation. Bottom line, it’s good to see this specifically being discussed. With the project to remove the zeros coming soon, let’s watch what happens.
12-9-2016 Newshound Guru mike It’s clear that Keywords knows that if they unpeg today, the dinar will crater, with no economy to support it, there’s no demand. Now all Keywords (and the rest of us dinar holders) need is for Parliament to sharpen their pencils and get this legislation passed to create the needed economic activity to empower the dinar. From what I can tell, Iraq is going to follow the advice of the IMF and keep the dinar pegged to the dollar, keep the auctions going and push Parliament to enact the needed economic legislation. Once that’s done they’ll get the MCP straight and the system liberalized, and then slowly begin adding value to the dinar…Iraq has a lot of work to do and it’s becoming more and more obvious that the dinar isn’t severely undervalued… Heck, even today, the street rate is almost 10% less than face value. Once the legislation is passed and the IMF requirements are met and the dinar moves to Article VIII, then I’ll get excited. Here’s hoping the reserves will last that long.
12-9-2016 RUMOR Guru Bruce We had information…that was indignant that this thing was absolutely supposed to have happened yesterday [Wednesday]. A lot did happened yesterday and more happened today. What happened yesterday was extremely big and meaningful. One thing that went on was the US became gold back officially. We had the gold treaty witnessed by the IMF, the World Bank, the World Court, and by the US Treasury. That gave us a gold back currency which was announced basically through the banks around the world by this morning. That was huge. I heard the UN suppose to have made an announcement this afternoon, but I have not uncovered the proof… This puts us in a new light. Each country is now asset back, gold back around the world. …the Islamic gold agreement was passed so those countries in the Middle East could be gold backed. We understand they are as well. …my understanding is everything is in place. There might be a few details here and there that are being cleaned up, but I really think we are in a place where we can have an outstanding next few days. …I think we should have the best Christmas ever.
12-9-2016 Newshound Guru rcookie Article: “Central Bank Governor: no room to cancel the sale of the dollar window, if canceled , the exchange rate has become 3 or 4000 and maybe more” Quote: “And about the prospects for Iraqi dinar to float, like other countries in the region, this relationship does not arise in the present, and we are working on is not currency float, and the big difference between the two.” THAT ARTICLE WAS ONE OF THE MOST INFORMATIVE WE HAVE EVER SEEN… HE TALKS IN SPECIFICS ABOUT THE…POLITICIANS AND MEDIA STATEMENTS WAGGING THEIR FINGERS ABOUT AUCTION FAILURE AND STABILITY OF IQD…AND HE SAYS IT VERY SIMPLY…YOU ARE NOT GOING TO STABILZE THE IQD BY TURNING OFF THE AUCTION FAUCETS…THE ONLY TRUE WAY TO DELIVER IQD STABILITY IS TO REDUCE THE DEMAND FOR THE USD…AND IDENTIFIES “STRUCTURAL CORRECTION OF THE IRAQI ECONOMY”…AND HOW DO THEY INHERENTLY REDUCE THE DEMAND FOR THE US DOLLAR.
12-8-2016 Intel Guru Frank26 …ATM Machines! The CBI believes that this is how you get the citizens to open accounts BEFORE the end of the year! Freakin’ brilliant! …the ATM machines … outside of Iraq … the fees will be much higher. This is the key … the ATM machines! To get the dinars out of the country … good grief … they just told us they were going INTERNATIONAL! …one of the state bank managers said that the ATM machines were nice…but they couldn’t use them until they lifted the 3 zeros! The software in these ATM’s ONLY works with the Lower Denoms!! These ATM’s do not accept the 3 zero currencies!!! The ATM’s that came out of nowhere between…is a sign of being INTERNATIONAL!
12-8-2016 Intel/Newshound Guru Mnt Goat Article: “WITHDRAW YOUR MONEY IN IRAQ FROM ATMS” Quotes: “CBI launched the National divider that allows the holder of a credit card issued by a state bank and a special withdraw money from any automated teller machine ATM is widespread across the country. ” “Rafidain Bank, announced Tuesday, for the high number of its branches to 165 branches after the opening of a new branch in the province of Maysan, stressing his quest to expand his work locally and internationally.” …so here we go…Rafidain bank going full scale now on the implementation of the divider system. Basically rolling it out to all branches. This exactly what we expected and need!
12-8-2016 Newshound Guru Adam Montana [Any good news towards the hcl yet.] The HCA has been included in the budget for some time, and since they are making solid progress on the budget I consider that to be positive. No actual HCL yet, but it’s coming. [At this time, just what are the main hold ups on the HCL?] The HCL is in a great spot right now, there’s really nothing holding it back! It’s just a matter of paperwork I think. That’s going to take time, but I don’t see it taking a long time anymore.
12-8-2016 Newshound Guru 1bobby [They passed the budget?] To my knowledge…yes. It’s a good day to be in this investment… It’s done…To include the 17% to the Kurds…23% Defense spending… They’ve published it… One of the articles voted on requires it to be published in the Gazette… I was surprised they did it… Now that doesn’t mean that they can’t or won’t come back with minor adjustments as they move ahead..
12-8-2016 Intel Guru ADMINBILL THURSDAY IS HERE AND WE ARE STILL VERTICAL AND SUCKING IN AIR. THAT IS A GOOD THING! IT ALSO MEANS YOU ARE STILL IN LINE TO BECOME A LIVING DINAR EXCHANGER SOON. THE INFORMATION RECEIVED UP UNTIL LATE LAST NIGHT LEADS ME TO BELIEVE THAT THE PROCESS IS AS FOLLOWS: BANKING CONTACTS ARE TELLING CONTACTS THAT THE (DINAR, DONG, ETC.) PROCESS WILL BE DONE THIS MONTH WITH THE GOAL OF THE 15TH. …RUMORS PERSIST THAT THE EXCHANGE MAY NOT HAPPEN UNTIL AFTER THE INAUGURATION.