Iraqi Dinar Guru opinions 1-12-17
Iraqi Dinar Guru opinions 1-12-17
1-12-2017 Newshound/Intel Guru Arthur On the security front, we see massive progress to the point where many believe the final liberation flag could be flying over the center of Mosul as early as end of this week. We also know that just days ago PM Abadi closed the boarder with Iran and issued a blackout. When we consider that the UN/CBI has not updated on their usual schedules, and that we are now being told that many bankers are seeing blank rates on their screens with only an 800 number for further information, and that just days ago the Electricity Minister of Iran postponed the signing of further contracts with Iraq until as he said “the new exchange rates are taken into consideration,” and that the Iraqi 2017 budget has been signed with a 7 day constitutional deadline for entry into the Official Gazette, as we are just days away from the inauguration of new American leadership, we now have a perfect storm to finally see this blessing ANY DAY NOW IMHO.
1-12-2017 Newshound Guru Adam Montana I believe the HCL is closely tied to many things, which is why it couldn’t be passed successfully in the past. Too many things are intertwined into it! This is not a “magic wand” situation… Many many factors are part of this complex process, and every time we see a positive article from Iraq regarding utilities, trade, government, and a slew of other elements have to come into place for Iraq to RV. They could just RV today, but without a little more stability in their infrastructure, the value could easily crash before we even get to cash in… nobody wants that! So as intelligent and (sometimes) patient investors, we continue to watch and root for Iraq. Our patience will be rewarded. It’s just a matter of time.
1-12-2017 Newshound Guru Adam Montana [Who is going to give in first on the HCL issues. From what Im understanding the whole HCL thing is just a matter of the percentage of the budget.] “Who” is going to give in first? That’s a question that just makes me GIDDY with joy, because nobody has to “give” in at this point… they are truly at a place where everyone is moving forward, everyone is winning, and things are just going great for us! I can almost envision a red carpet rolling out in front of us (and them) on the current path. Something REALLY bad will have to happen to change that.
1-12-2017 Intel/Newshound Guru Mnt Goat “President Fouad Massoum on “financial budget law to 2017″, has approved the federal budget of the Republic of Iraq for the fiscal year 2017 ″, noting” that it was sent for publication in the Official Gazette “. …this will not mean an automatic RV, nor that the “RV new rate” will be written in the budget for us to see.
1-11-2017 Intel Guru Delta …on the 8th…the CBI sending message to all money changers…the CBI will no longer be involved with the auctions – The CBI is handing off the auctions to the banks – (as it should be). With the IBAN System…money will be able to move in and outside of country… The exchange rate has NOT changed on the CBI website yet…but the CBI’s website still shows January 4, 2017. Only one thing left…the dinar has to change…and that announcement has to come from the CBI. Looks like they’ve got the GREEN-LIGHT! …the only thing left is to raise the value…The CBI has to make their move… release the lower denominations. From now until Thursday is going to be interesting.
1-11-2017 Newshound/Intel Guru Arthur …we see several key progressive movements over just the past few days that give rise to much excitement and anticipation. Iraq’s IBAN (International Bank Account Number) that every country needs to conduct international banking and commerce that was set up in December went into full effect on January 2nd giving Iraq the ability to do banking and commerce with the international community.
1-11-2017 Newshound/Intel Guru Arthur Two days ago we saw a CBI announcement calling for the “conversion” of what they call “uncles” which we have translated to mean the large notes held in Iraq and perhaps even globally. We then saw them transport a large amount of money to their largest bank which they say ended their over 2 year long severe liquidity crisis and IMO will facilitate this massive conversion from the aforementioned “uncles” to their lower denominations thus beginning the delete zero project on schedule in “early 2017″.
1-11-2017 Newshound Guru Stryker It’s just a matter of days and we will know if the new rate is in this years budget.
1-11-2017 Newshound Guru Adam Montana 2016 is in the rearview mirror. Upwards and onwards! A lot of things took place towards the end of last year (just a few weeks ago…!), and Parliament is kicking the year off with a lot of forward progress. …my current optimism has to do with how I see the tortoise gaining on the hare in this race, slowly but definitely steady. In fact, the Budget may already be ratified and sent to the Gazette according to this article, and that is probably the SOONEST they have EVER got this done! Article: “Masum Approves The budget For Fiscal 2017 Act And Sends It To The Official Gazette For Publication!” That, my friends, is real hardcore reason to be positive about the immediate future!
1-11-2017 Newshound Guru Kaperoni Article: “Iraq is approaching exit from Chapter VII” Quote: “In the case of Iraq out of Chapter VII, it could recover the frozen his assets in foreign banks by $ 50 billion estimated roughly, as well as in the Development Fund for Iraq, which also will be able to his money management without international tutelage, and will allow him re-assume its place on the scene international, as a member of an active and influential in them.” This is why Iraq is not worried about its reserves. The day the UN votes to officially remove them from VII, Iraq will go get the $50 billion and anything left in the DFI. Iraq’s reserves could skyrocket to $90 billion or more in very short order.
1-11-2017 Newshound Guru mike “Central Bank supports the international mathematical figure the “IBAN” It will …provide transparency for the Iraqi banking system. This is part of what the US Treasury is doing in Baghdad, it will greatly reduce the funding for terrorism.