Iraqi Dinar Guru opinions 7-20-17
Iraqi Dinar Guru opinions 7-20-17
7-20-2017 Intel Guru Frank26 “Our Friend” in Iraq (Walkingstick) called me yesterday…Our Friend got information of what Iraq and the USA is about to do. …Iraq plans to sell American style BONDS this JULY. Now that we have MOSUL…things are traveling at the speed of light! …they are going to sell BONDS … American Dollar Bonds…BUT…they will NOT be backed by the US Government. That is an INTERNATIONAL ACT/MOVEMENT…that would be Article VIII…right? They are going to sell these bonds this month in JULY…(1 BILLION AMERICAN DOLLARS WORTH) — wow! Impressive…but the citizens are not going to buy these. (Pretty smart huh?!) The citizens bought the bonds offered in January. Is this a joke? At 1184. No…it’s a PLAN! (Rather brilliant) – lots of DEALS made with AMERICA.
7-20-2017 Intel Guru Frank26 So…what is SIGNIFICANT about these BONDS? It involves JP Morgan/Chase, CITI, Deutsche Bank. These banks are going to help Iraq hit the INTERNATIONAL market. BUT THEY’RE NOT INTERNATIONAL YET! This is a progress of the MR. They are sending an INTERNATIONAL MESSAGE. Are we selling the BONDS at 1184…they are being sold at the DOLLAR RATE! WOW! These are NOT in IQD’s. If they were…that would “TIP-THE-HAND” to speculators (2nd set of books) as they lift the 3 zeros. That could cause problems. They have the support of the IMF to do that. The countries are going to see the CREDIT RATING OF IRAQ RISE. These BONDS / CREDIT RATING will help in the regulation of the currency inside of Iraq. These bonds will FUEL their budget. The IMF DEMANDS for them to FINISH their budget! The IMF will stop ALL funding…NO MORE EXCUSES! Take this money… use it…bring you budget out…that requires a new rate…just like the tankers are being used to deal with the exchange that is soon to come. The INTERNATIONAL WORLD is very excited…Iraq is ready to FLY!
7-20-2017 Newshound Guru Enorrste Article: “Central Bank: Iraq reserves reassured and more than three times the monetary mass inside ” Talk about a confusing article! We have an actual CBI spokesman claiming that their reserves are “three times” the amount of cash in circulation. But from their own site…their cash in circulation is 57 trillion dinars, or about $50 billion. Thus, unless their reserves are $150 billion this article makes no sense at all. Sounds to me like they “may” have about 100% coverage of their currency, which is good by any standard, but I don’t understand how he comes up with “three times.”
7-20-2017 Newshound Guru Kaperoni …Iraq does not know what there currency is worth technically because it is pegged and market forces have not taken over. That being said…they will open to the market at the current rate and let it rise based on pressure created through the CBI capital account as market forces take over. Do not expect it to RV or go up overnight…this will take time. As well, the CBI can profit in commissions along the way.
7-20-2017 Newshound Guru Aggiedad77 Article: “Jordan’s private sector is considering the establishment of a permanent trade center in Iraq” Private sector from Jordan coming into Iraq…this is good news…did they muscle their way to the front of the LL [Long Line]…and a very proactive and forward step IMO…good to see them working together across borders and cultures to some degree…maybe their “private sector” can show the Iraqi “private sector” how to get it done…you scrub my back and I’ll scrub yours sort of thing.
7-19-2017 Newshound Guru G-Lin I wouldn’t consider Iraq very stable currently but as far as investors are concerned they are flooding into Iraq. I think the victory in Mosul opened the gate. This is the beginning of the explosion of the economic world for Iraq. They are being welcomed internationally with open arms. Exciting times for a change. And all of this excitement from countries all over the world and yet Iraq has a very low valued artificially imposed currency rate. That will not last. JMO.
7-19-2017 Intel/Newshound Guru tman23 [do you still feel we’re now in a position where the RV won’t happen until next year?] We are alive IMO until the end of July…once numbers post for the first month of the second semester for their financial year with no change…then it is 2018 for sure…
7-19-2017 Newshound Guru Enorrste Article: “The Central Bank is a committee to open relations with foreign banks and participate in an international conference soon” Quote: “…the formation of the Iraqi Central Bank Committee to open relations with the Arab and foreign banks, while confirming that Iraq will attend a large Arab conference in New York City during the month of October next.” Wow! Why in the world would Iraq leap into the world banking market with a conference in New York unless it fully intends to join the world economic community (as stated by the IMF last year)? This is a huge commitment on the part of Iraq. Think about it: would they dare to enter into a world conference on banking without an open currency? I seriously doubt it. This may well be a hint to us that they are preparing to open up the currency to the world market PRIOR to October. Time will tell…
7-19-2017 Intel Guru RayRen98 [Based on Monday’s expectations for this week, and since there is no new intel, Are we still on track for this week?] Yes, because there’s nothing to indicate otherwise. [Do you believe that the Iraqi fils (coins) will be released to the public this month?] Yes, I have the expectation, mainly because I don’t have any contrary information that it will not. […article…: “We are Stabilizing IQD Exchange Rate without a space for Speculation: CBI Governor.” …what are your thoughts about it?] …Anything they put out now should not be a surprise. We are just waiting for the green light, and if they want to tell us anything else, that’s the political or bureaucratic process. They’re not telling us something we didn’t already know.
7-19-2017 Newshound Guru MilitiaMan Article “Iraq plans to sell us dollar bond deal in coming weeks – sources” The interesting thing about this one is they are expected to be International. But, one might ask are they yet? They say they are above based on selling the bonds to come shortly, as in next week…real close. The council of ministers permitted the issuance of the bonds in the amount of US $1 billion. Really? No guarantee by the USAID. But by JP Morgan, Citi Bank, Deutsche Bank, Etc.. (…there is not a need for the USA to do so, the Banks are.) Where did the seed money come from for the Banks to pony up? Well school is now in session… So did we not here about 5 tankers landing…? We did..
7-19-2017 Newshound Guru MilitiaMan Well, lets think about those five ships. And we shall not wonder why they were arriving under the “cloak of darkness.” If you will! More ships on the way and publicly we here in opinions offered! The Bonds being sold in the past had a …poor track record in Dinars. No wonder why at a 1184ID/1USD? Lol These new international bonds are not IMO at a program rate, as they say they are international above, worth up to $1 billion USD. Lets say those five ships were the big boys seeding at 500,000,000 tons each @ about 7.5 brls per tonnne. That is about 3,750,000 brls per ship or about 18,750,000 brls total… Lets say they got the best deal recently they could and sold for $49.00 a brl. That is about $918,750,000… There is your backing for the Bonds that the USAID need not back, as the Iraq pipeline fed the SA refineries to load SA ships to cloak into the USA to be tested for purity and good faith if you will, possibly! Iraq payments in swing for war re payments? Food for thought.. imo.
7-19-2017 Newshound Guru mike …the dinar and Iraq’s monetary/economic policies are definitely under fire. I think that’s why we’ve seen the recent spate of articles trying to reassure everyone that things are ok and Iraq is moving forward. I also think that’s why they’re bluffing in regards to the amount in reserves, they think it will give the dinar more confidence. The writings on the wall, without change all the BS in the world won’t change the reality, Iraq will have burned through the reserves and become another failed state.
7-19-2017 Newshound Guru Peggy68 IMO, Iraq, IMF, SBA , with many other Global Agencies, as well as Iraq’s Leaders have accomplished so much over the years. This would lead us to believe they have prepared and met what has been required to be completed prior to going INTERNATIONAL.