Iraqi Dinar Guru opinions 12-22-16
Iraqi Dinar Guru opinions 12-22-16
12-22-2016 Intel Guru Frank26 The 2017 budget is signed…but if it’s not fueled properly…it won’t accomplish anything. The usage of its OWN currency in needed. …historically…and for the first time it is signed and ready to launch based on certain numbers. …we have calculated the numbers that are necessary that must be in the budget. The price of OIL is not the only factor…but IMO…is the LARGEST factor …the oil prices in December will climb to around 60…and in 3 months …around March 2017…we should see it in 100 to 120 range…then in the summer it will go back down around 60. The budget needs to maintain itself somewhere around 60… this number is what we are looking for with Brent and WTI oil. This budget is very close to being released. Calculations are to the point to where the budget is going to work. The number we came up with…IOO…will maintain the 1 to 1 rate.
12-22-2016 Intel Guru Frank26 There is another set of numbers…(total of 3 by the way). These numbers will deal with the budget paying its bills / loans. It is part of a float …but the float will catapult the price of oil even further. The 1st numbers will deal with the debt/deficit that they have. The 2nd set of numbers will pay for their bills. Neither of these numbers have been reached …yet. The number of the oil in the contract is what matters. The 1st set of numbers should be in the budget at 1 to 1…(for 3 months)…The float that goes into the 2nd set of numbers (that goes into the contracts). The 3rd set of number…(towards the end of 3 months)…these deal with the numbers that are CAPPED. …as oil floats…the rate will also float.
12-22-2016 Intel Guru Frank26 IMO…they are completing the RI …and I believe in all honesty this happened this past week. When the RI occurred this last week…Iraq was taken out of “time-out” and brought back into the International Club. I believe that the “float” for the IQD started a long time ago. IMO …based on the numbers we are calculating …it will be before Christmas…many banks that are now selling the IQD…IMO…the banks in the USA are ready or are in position to exchange the IQD at whatever rate it wants to be. …CitiBank…they said they are not exchanging the IQD yet…but the guy on the phone said they are waiting for an update on the rate. Again…there will be no fanfare… This week is an interesting week.
12-22-2016 Newshound Guru Aggiedad77 This is all solely my opinion…but I got to thinking about the price of oil…the $60/barrel price is key…the reason so…IMO…is that the $60 price is Brent Crude price…it is always…always higher priced than the Iraqi oil will be per barrel…So at $60/barrel Brent…break-even maybe…hopefully for the Iraqi budget…above that point…gravy rolling in for the Iraqi’s…sure we pay more at the pump as it goes up…but this is an instance where I wouldn’t mind that if it brings on an RV for the world…again all IMO.
12-22-2016 Intel/Newshound Guru Mnt Goat We know that Vietnam had a 5 year moratorium put on their currency as penalty for money laundering for China. This was done around 2011. Then they signed up for with the IMF much like Iraq is now experiencing in its SBA. They have made great progress and are moving forward very quickly. In fact it is almost unbelievable what progress they too have made. They too, like Iraq, are under the IMF “sustainability” reforms. Do you know the Dong almost revalued in the past to a significant amount, but due to corruption was held back. So like Iraq this period is coming to an end as the needed financial reforms are kicking in.
12-21-2016 Intel Guru RayRen98 Everything in Iraq looking extremely well and moving right along. On Monday two banks were now buying and selling dinar. Rates not favorable but capability was there. This was a 180 degree turn. A powerful thing to happen for what we were looking for. An International traded currency. That needed to take place. Now, just looking for the value to change. This is a strong indication. Now five banks and possibly six banks. We’ve checked and rechecked these five banks. CURRENT WINDOW: They (banks) have information circulating to them to be ready to exchange customers before Christmas…If it’s not by Christmas…I expect it one or two days after. We waited for it to be International. For all intents and purposes that is done. Now we are waiting on the rates.
12-21-2016 Newshound Guru Adam Montana [I have seen many articles stating that there is about 30 Trillion dinar in chunky cash (under the mattress) inside Iraq. How is possible for the CBI to increase the dinar exchange rate with 30Trillion dinars inside Iraq?] That figure gets thrown around a lot, but there’s no way to prove or know WHO has that physical cash or WHERE it actually is… regardless, I can put that worry to rest VERY quickly. How much of that money is in large bills? A LOT. And how quickly could the CBI declare large notes NULL and VOID? It could easily be done in 30 days.
12-21-2016 Newshound Guru Adam Montana Now, of that 30 trillion in “cash” that is floating around, how much of that is held by people who are wanted for crimes? How much of it is simply “lost”, out of the country, held in a safe somewhere and simply will not be able to be cashed, before the large notes are declared “dead”? I think it stands to reason that an EASY 50% of that number will simply vanish and not have any influence on what the CBI is liable for during the “Cash In” phase. There is a lot more to say about it, but that’s a good starting point. Bottom line for me is that “cash” number doesn’t concern me at all.
12-21-2016 Newshound Guru loop Article quote: “the Central Bank of Iraq has performed over the past year more than the actions taken for (13) years past in terms of procedures and regulations set by the central bank.” HUGE STATEMENT…Second time an outside advisor has said that they are taking care of business and working overtime.
12-21-2016 Newshound Guru Adam Montana Article: “World Bank Iraq describes a world’s richest nations on earth” Even though there’s no RV to report, I sure do love it when we get reminded that Iraq is truly one of the wealthiest countries in the world, their currency just needs to catch up…