Iraqi Dinar Guru opinions 5-12-17
Iraqi Dinar Guru opinions 5-12-17
5-12-2017 Newshound/Intel Guru BGG Article: “Iraq offers compensation settlement and Kuwaiti debt against investment” Quote: “…the meeting also discussed the file of compensation with the State of Kuwait and ways to settle through the window of investment inside Iraq.”. two separate items talked about – how to pay back Kuwait (not to be confused with) – their eagerness to settle investments inside Iraq? One of the big problems needing dealt with – is they have few mechanisms in place to safe guard investors. Why would the IMF care about Iraqi investors. They don’t – this is referring to OUTSIDE investors. Period. Really good news – entering final talks – it appears.
5-12-2017 Newshound Guru Kaperoni Article: “ATMs for MasterCard card users” Quote: “The Ministry of Communications coordinated the establishment of ATM for users of the card (master card) through its outlets in post offices in Baghdad and the provinces.” IMO, these types are articles only tell us currency reform is coming sooner than later.
5-12-2017 Newshound Guru MadDScout […Ramadon is coming up…historically everything shuts down. Do you guys personally feel that if we don’t revalue within the next week, we’re going to be forced to look at a much later window?] I don’t hold that Ramadan is a holdup. I think it is conditional…As in when they meet the conditions..
5-11-2017 Newshound Guru Kaperoni Article: “ATMs for MasterCard card users” …it is fun to watch all the pieces be put in place for the economy to take off. Iraq is literally going from the stone age to the 21st century with technology in a few years.
5-11-2017 Newshound Guru Adam Montana [What will happen to the other major currencies when the CBI RV’s the IQD/USD exchange rate? The countries using the EUR, the GBP, the CHF, the JPY, and the CNY all have international corporations invested in Iraqi oil with contracts based on today’s exchange rates. How will a radical upward IQD/USD RV (which effectively decreases the value of the USD against the IQD) affect the EUR/USD and the GBP/USD and the CHF/USD and the JPY/USD and the CNY/USD exchange rates? Will these other major global currencies also be devalued and what in your opinion will that do to an already stressed global economy?] This is a great question, because it opens up the floor to discuss how an RV is really a zero-sum game, mostly because we are talking about a fiat currency. When the FED prints more USD, we don’t actually gain that money. It just dilutes the dollar a little bit more. IQD, and an RV of the currency, works the same way, just on a global scale. My opinion is that almost every other currency will take a slight hit, and then rebound once the IQD rate stabilizes, and within about a month all currencies will be back to normal… except the IQD will be dramatically different than it was a month prior.
5-11-2017 Newshound Guru Kaperoni …Iraq is doing what is asked of them by the IMF and WB (though 3-6 months late) to prepare the banking system for international integration with the financial system. Iraq needed to make these changes, along with several others (including reducing the spread) to set the stage for acceptance into IMF Article VIII. Remember the goal here as stated in the SBA is to accept Article VIII to “create a favorable business climate” for investment. Accepting Article VIII will give freedom of movement of capital in and out of Iraq (so investors can get profits out), make the dinar convertible worldwide through the banking system, and most importantly allow the CBI to stop the daily auctions and let the market and world set the value for the dinar (they will stop the peg). This is all about creating the conditions for a market economy.
5-11-2017 Intel Guru Daz [We thought it was the US or Iraq holding it up, turns out the WB had to approve their readiness.] …big difference between a “hold up” and a required “alignment of interests” WHEN A SATISFACTORY CONDITION AND ALIGNMENT OF ALL THE VARIOUS INTERESTS AND POWER STRUCTURES HAVE REACHED A POINT OF REASONABLE SATISFACTION THAT THEIR INTERESTS AND GOALS ARE MET… THEY WILL JUST AS SIMPLY… “TURN THE MONEY BACK ON”.
5-11-2017 Newshound Guru Adam Montana [In 17 days we will see the start of Ramadan…May 26th…this will run until June 24th and then generally they have the 3 day feast. In the past you have mentioned that nothing much happens during Ramadan. What are your thoughts on this for 2017?] Same. Let’s see how the next week plays out.
5-11-2017 Intel Guru Frank26 Let me now go in the direction of…an article from an economist…this economist…is actually an advisor and goes to many of the seminars and meetings…and he knows the CBI plan…so his opinion about what they are doing with their Exchange Rate…how they need to INSTALL it as the article says…is strong confirmation IMO of what he is saying because it is in accord with the CBI, IMF, WB plans or projects…which is to lift the Exchange Rate…This article itself is also pointing to the investors of Iraq…we are lifting the restrictions on the Exchange Rate…we are liberating the Exchange Rate from a Program Rate…because Mosul is not an issue anymore…and I believe they have gone from the concept of liberating Mosul to the liberation of the Program Rate…so the investors can come in and rebuild through the infrastructure of Iraq…all of a sudden it looks like they put the locomotive engine of the Monetary Reform back on track.