Iraqi Dinar Guru opinions 2-22-17
Iraqi Dinar Guru opinions 2-22-17
2-22-2017 Newshound Guru Enorrste Article: “Raise the price of the Iraqi dinar to the fore again” Quotes: “Some Iraqi economist calls for the government to lift the Iraqi dinar exchange rate against the dollar until the rising purchasing power and increasing confidence it represents the sovereignty of Iraq…” “…Since more than four years and officials in Iraq are talking about a project monetary reform in which to raise the Iraqi currency exchange rate against the dollar so that the new dinar equals 1.2 dinars…” “The government is expected to return to the project itself after the end of military operations.” This is one of the most positive articles I have read in a long time. The author clearly states that it is not possible to “RV” in the traditional sense and explains why.
2-22-2017 Newshound Guru Enorrste Instead, KAP [Guru Kaperoni] discovered years ago and we have elaborated on many times, a floating currency is the only thing that will work in the real world. But more importantly, this guy is convinced that a value of somewhere around $1.20 per dinar is economically feasible and desirable. Furthermore, he implies that this has been in the government’s plan book for over 4 years, as KAP has already explained for the last 4 years! In other words, he is confirming…the correct view of the situation while at the same time specifically denying that an RV would work. Finally, as KAP noted, we see that, at least from this writer’s point of view, the only thing now holding up the implementation of the float is the ISIS situation. It is anyone’s guess what will be necessary to convince the government to move forward, but it is possible that recovery of Mosul might be sufficient. Only time will tell.
2-22-2017 Newshound Guru firefly Article: “Include the introduction of modern irrigation systems” Quote: “The Ministry of Agriculture to prepare new plans aimed at developing the sector, by increasing production through farmer support modern systems of irrigation legalized.” Remember, one of the IMF requirements was to have Iraq diversify their reserves other than just oil. Agriculture is as great an ASSET as is oil and gold. Iraq is following the IMF requirements to the TEE.
2-22-2017 Newshound Guru Kaperoni …measures need to be in place for the success of the transition from a fixed rate to a float. Just exactly to what extent is yet to be seen. That being said, I believe once the dinar is internationally convertible worldwide and the CBI is in Article VIII, demand will increase for the dinar. Just the exposure alone to the world financial system should be enough to create some upward movement in the value.
2-22-2017 Intel/Newshound Guru Backdoc Article: “… Treasury Spokesperson of Secretary Mnuchin’s Call with International Monetary Fund Managing Director Christine Lagarde” Quote: “Secretary Mnuchin also underscored his expectation that the IMF provide frank and candid analysis of the exchange rate policies of IMF member countries.” I THINK IT’S VERY INTERESTING TO SEE “MUNCHKIN MAN” (AS I AFFECTIONATELY CALL HIM WITH ALL DUE RESPECT OF COURSE) MEET TODAY (Tuesday) WITH CHRISTINE LEGARDE FROM THE IMF. THIS SEQUESTERED GENIUS WILL SOON BE ADORED FOR HIS CREATIVE WORK. “ACTIONS MEAN THINGS.”
2-22-2017 RUMOR Guru Bruce I believe the Forex will not show a rate change of these currencies until the 28th of February or the 1st of March. …we do understand Iraq has moved along very nicely. We understand they have the new smart cards, Qi cards. Their cards have been charged with their new rates. …we are looking forward for good news with Iraq about the liberation of Mosul. We might have that in the form of an announcement here. We know that the banks in Iraq are open…even in Mosul the banks are open since 10am yesterday Iraqi time. The timing of this is very close in terms of what I am hearing. What we need is some good news come out of Iraq.
2-21-2017 Intel Guru RayRen98 On Iraqi TV, via satellite in US, it is reporting in the coming days a mechanism will be activated that will eliminate the US dollar and raise the value of the dinar. Reportedly, PM Abadi on Iraqi TV implying that Maliki may be brought before the courts on a charge of high treason. Also, indicators are now saying Rafidain Bank is preparing customers to do their deposits in dinars, NOT US dollars.
2-21-2017 Newshound Guru Aggiedad77 Article: “The Washington Institute for Trump: Iraq a better partner for the United States” How many different ways can you spell DEALS…the US is saying that Iraq is a better partner…really… Remember Iraq was given the cold shoulder by many…but now has become a key player and hot potato IMO…it goes on to say that Iraq will become rich…wealthy…and US companies will help level the playing field for them…Time is Up……the BEST is coming.
2-21-2017 Newshound Guru Kaperoni Article: “Raise the price of the Iraqi dinar to the fore again” Seems pretty clear that the author/economists want to raise the value gradually like we have stated over and over. The good news is they say they expect it to start once ISIL is gone. Quote: “The government is expected to return to the project itself after the end of military operations.”
2-21-2017 Intel Guru RayRen98 Citizens in Iraq are informing that there is a ban on using the US dollar…supposedly in all provinces! Is this the final phase to economic reform and a public release of a revalued currency? Time Will Tell.
2-21-2017 Newshound Guru tlar [Do you have a guess on a rate? I communicate with another guy who believes there is too much dinar out there for much of an increase. Would you agree with that?] Its only a best guess as to how many dinars are circulating or how much of what they state is actually USD with the equivalency stated in dinars at any one time, because they will never divulge that to the public or even their own citizens. …remember it is not dinar released from the CBI that they have to cover, but rather dinar circulating in Iraq in day to day commerce. The CBI may have released in the upper 30 trillion range but the dinar circulating is much less than that figure. The newspapers and media has always referred to all the dinars released as circulating in Iraq…The dinar you and I hold and the dinar not in Iraq that is other countries and central banks, is not considered circulating in Iraq.
2-21-2017 Newshound/Intel Guru BGG “Headline: Securities recorded an increase of 308% in the number of shares traded last week” (that would be for the ISX)…and 130.7% the week before…it would appear the “chunky money” and investors are feeling more and more secure in their own market place BY THE DAY! [That’s a week over week volume increase.] They know what’s coming. I just hope they leave a little meat on the bone for us. It just shows the mood of the private investor – which is good for us…They aren’t complaining about the “worthlessness of their currency” – they are slingin’ that stuff around like a fat kid chasing ice cream cones!
2-21-2017 Newshound Guru Aggiedad77 Article: “Iraq discuss with the launch of the International Monetary Fund for a new batch of loan” Iraq must have been doing some wonderful things to see a new batch of loans being considered dontcha think.
2-21-2017 Intel Guru Frank26 Mosul = stability / security for ALL of the Middle East AND Europe! DEALS outside of Iraq with the UK…with China…they are willing to play fair with their currencies. DEALS with Vietnam….Wait…didn’t Obama put sanctions on Vietnam? Yes…Vietnam sanctions…are only on their currency. They got caught just like China for manipulating their rate… But those sanctions …in about 2 weeks are going to be lifted! Their revaluations…will not be like Iraq…IMO…smaller increments…in about 6 phases. DEALS are being made…while the value of the IQD is low…with countries who are waiting for the IQD to come out. DEALS…whatever you want to call them…was slipped into the formula for the release date of the RV of the IQD. Something is up…because TIME IS UP. All we are doing is waiting for the rate to go up.