Iraqi Dinar Guru opinions 12-15-16
Iraqi Dinar Guru opinions 12-15-16
12-15-2016 Newshound Guru firefly Quote: “Iraq continues to avail itself of the transitional arrangements under Article XIV, Section 2 but no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2, and currently maintains two exchange restrictions and one multiple currency practice (MCP) subject to Fund approval under Article VIII, Sections 2(a) and 3…” Straight from the IMF. …talking past tense! no longer maintains any exchange restrictions or multiple currency practices subject to Article XIV, Section 2… Wow, wow, wow!!! [awesome news.] Yes it is. I see no hold ups whatsoever to date.
12-15-2016 Newshound Guru firefly […i still do see how we all think that jan 2017 may be a change in the value…] If the project to remove the zeros begins as planned in early January 2017 wouldn’t it logically need a change in rate 1st?
12-15-2016 Intel Guru ADMINBILL TODAY STARTS THE WINDOW OF “NECESSITY” THAT SOURCES HAVE MENTIONED MUST BE DEALT WITH TO ACCESS CERTAIN ASSETS TO COMPLETE THE PROCESS.
LET’S SEE IF IT IS FACTUAL OR ANOTHER “LINE IN THE SAND” THAT IS ONCE AGAIN IGNORED OR IS MORE NONSENSE. I WILL LEAVE MY WINDOW THROUGH JANUARY OPEN WITH A PRAYER FOR US ALL THAT THIS TRULY IS THE END. Based upon the information and activities that has been coming in the past few weeks, that have elevated in recent days, I think that we may actually see action sooner rather than later.
12-14-2016 Newshound Guru My Ladies WHEN TALKING ABOUT THE REQUIREMENTS THAT IRAQ HAS AGREED TO IN THEIR LETTER OF INTENT TO THE IMF TO OBTAIN THEIR SBA LOAN…I WANTED TO POINT OUT THAT THEY DO NOT NEED TO DROP THIS PEG IN ORDER TO COME TO THE INTERNATIONAL MARKET…CURRENTLY IRAQ IS UNDER A STABILIZED AGREEMENT WITH A DOLLAR PEG. THAT MEANS IT IS ACTUALLY A DE FACTO PEG AS DEFINED BY THE IMF…EVERY CURRENCY NEEDS TO EXCHANGE AGAINST SOMETHING…SO THIS IS WHY THEY ARE COMMITTING TO THE DOLLAR PEG..
12-14-2016 Newshound Guru My Ladies AND I JUST WANT TO POINT OUT WHAT THE SDR BASKET IS AS PER THE IMF…THE BASKET IS EVALUATED EVERY FIVE YEARS AND WILL NOT BE EVALUATED AGAIN UNTIL 2020. THERE ARE ONLY 5 CURRENCIES IN THE BASKET AND THEIR VALUE IS DETERMINED DAILY… IRAQ IS AN ORIGINAL MEMBER OF THE IMF SINCE DECEMBER OF 1945 AND THEY PAY A QUOTA TO THE IMF JUST LIKE OTHER MEMBERS DO WHICH ALLOWS THEM TO BORROW AGAINST THEIR ACCOUNTS BUT THEY WILL NOT BE GETTING ADDED TO THE SDR BASKET AND NEITHER WILL ANY OTHER EMERGING OR FRONTIER ECONOMIES THIS IS A VERY COMMON MISUNDERSTANDING.
12-14-2016 Intel/Newshound Guru Mnt Goat “IMF Executive Board Completes First Review of Iraq’s Stand-By Arrangement” Quote: “The Executive Board of the International Monetary Fund (IMF) today completed the first review of Iraq’s three-year Stand-By Arrangement (SBA), which is designed to support Iraq’s economic reform program and restore fiscal balance over the medium term.” …we still see proof that they need to move to an international market place. …they will have to get off the peg if they move their currency international. Very important to remember that Iraq is still NOT in the SDR basket of currencies and are still pegged to the US dollar (for now…) …my take [my opinion only]…is they MUST move their dinar international and allow it to circulate outside of Iraq if they are EVER going to grow the private sector in the way they keep telling us they want do.
12-14-2016 Intel/Newshound Guru Mnt Goat Quote: “Steps to strengthen the legal framework of the CBI, remove exchange restrictions and implement AML/CFT measures are welcome. They will help to improve the integration of the domestic financial system into the global economy.” Yes, you read this correct. They did say “integration of the domestic financial system in the “global” economy”. We all know by now what this, in part, means… Remember… Recently… the CBI came out and stated that they had tried to delete the three zeroes before in 2011, 2013, and 2015, but were delayed and plan on beginning the projects the first part of 2017…Three attempts that failed… hopefully, 2017 finally going through.