Iraqi Dinar Guru opinions 5-18-18
Iraqi Dinar Guru opinions 5-18-18
5-18-2018 Intel Guru RayRen98 Election results are expected sometime today [Thursday]. Varying reports of election percentages are being labeled as false. Abadi reportedly is NOT in the lead. Payments to the Kurds are reportedly in significant amounts. The Central bank of Iraq signs a MOU with VISA International. Abadi alliance and Sadr alliance are expected to join together. Parliament is holding a special meeting on Saturday to discuss their disfavor with the election results. Hmmmmmm?
5-18-2018 Intel Guru Bruce I want to bring you some information that we call Intel that is very excited. We will start with Iraq. We found on Tuesday …al-Sadr had sort of a majority coalition with him for the vote that took place on Saturday….Yet we also knew that Abadi still was very interested in continuing as Prime Minster of Iraq, but he needed some support ceded from al-Sadr. The deal was al-Sadr was going to do that if Abadi had the RV rate out so that everybody could see it and it was done. He had basically until today [Thursday] according to their agreement to do that. The good news is he did it. The good news is that they will go about setting up their government over the next couple of weeks…and we got this directly from Fallujah today and it was one of our contacts over there…We understand that it was a done deal and that did occur. Abadi will continue as Prime Minister.
5-18-2018 Intel Guru Bruce We do have the ATM machines turned on. We have the lower denomination in there. We had proof today that the military, Kurdistan and other people in Iraq had been paid throughout the country were getting paid with the new rate. …We still do not know the new rate. We know where the new rate is…We know it is over $4. …we know the lower denominations are available and the people are using them, and the prices are changing and things are happening. …we seem to be on the precipice of something major happening…I know certain banks that are lead banks such as HSBC and Wells Fargo are on high red alert to begin. …We are in the midst of it going down. …Our turn is coming, and I would bet our turn is coming very shortly.
5-18-2018 Newshound Guru Kaperoni [What I would like to know…if they will have to wait for the government to be fully seated, of which they have 90 days following the election to do. If so, the wait continues…] Never said when the 3 month IMF compliance was up the CBI would move to Article VIII directly. There are many reasons to not delay, but the CBI must make that decision. If the CBI feels they should wait for formation of the new GOI, yes we could be waiting a bit. I keep telling people there is no RV, RI or any kind of overnight event. The dinar can only appreciate gradually over time. That means a new GOI, stable government is important. Why?…Because a new GOI and stable government will give confidence to investors to bring money/capital into Iraq. This and only this is what will make the dinar appreciate in value. So if your looking for some event, some overnight wealth, the dinar is not for you.
5-18-2018 Newshound Guru Kaperoni The CBI stated a year or so ago, once they start it could take 2 years to delete the zeros. What that means is that the dinar will appreciate gradually (float) as stated in the IMF Article IV Consultation. My view is that once the conditions are met, They accept Article VIII, and move to a float, it could take another 2 years to raise the value of the dinar to a value where the zeros are gone. Not saying it will take that long but it is a directly related to investment. This is why the IMF stated the Balassa-Samuelson effect in the 2012 Article IV. The truth is, if investors are lined up to participate in Iraq, it should happen fairly quickly. But it is up to Iraq to create the right environment for the value to rise. At that point all we can do is hope that investors come to Iraq, begin the substantial rebuilding and investment phase creating inflationary pressure on the CBI to raise the value.
5-17-2018 Intel Guru Footforward I couldn’t give a flying whoop if Winnie the Pooh won the election in Iraq. It has absolutely no bearing on the RV. Trump winning was far more important then who “won” in Iraq…Trump winning the election was far more important then any other political outcome… The election that mattered already happened. IMO, the dinar is by far going to be the winner…the dong might revalue… .05, .10 but compared to where the dinar is going to sit…it’s not going to even be close to where the ROI is going to come in…the return is massively going to be on the dinar…remember this is not financial advice… Here’s what I keep going back to…why would anyone print a currency and have the most security features of any currency on the face of the planet on a worthless currency…that doesn’t make any sense…they knew this was going to be worth something.
5-17-2018 Newshound Guru Walkingstick results are not in, any… stating the victor are premature … Quite a few, red flag challenges… on the counts that have to be addressed… likely, manual count/s of certain polling stations.. although, highly unlikely.. bringing change the outcome.
5-17-2018 Intel Guru Dr. Clarke We…know, that this does NOT have to happen over a Weekend, even though the Last Weekend in MAY, is a 3-Day weekend, here in the U.S. with Memorial Day. That has NOTHING to do with the timing…IN FACT, we like a WEEK DAY, such as Monday May 28th or Tuesday29th…or maybe Thursday the 31st…just as good as any other time…because as you already know, we’re NOT LOGICAL. IRAQ WILL PICK THE RIGHT DAY, and in fact, it’s probably been in Que already, for a very long time…now that they Know, “Which Way the Wind is Blowing”, regarding the imminent new PM & Company…and just to be Clear – EVERYTHING doesn’t have to be Totally Complete government structure-wise or Law-wise…
5-17-2018 Intel Guru Dr. Clarke THEY (UN, IMF, U.S.) just wanted to make sure the “Wind was Blowing in the RIGHT Direction”, i.e.: Abadi, Sadr – vast Majority (Suitable Environment)…and with no major Terrorist uprisings, even during the Elections – which is a Miracle in itself…this has shown the World investors & partners, including World governments, something important about the true Safety & Security of Iraq, in modern day – which is a huge “Positive”, in support of their upcoming Substantial Currency Revalue, Financial & Economic Reform completions. – GIVING EVERYONE A SOLID CONFIDENCE. MAY 25 – 31st. Those are our Dates…“LATER, rather than Sooner” in MAY…AFTER the Election, not BEFORE… “IN ANY EVENT – MAY 2018”…
5-17-2018 Intel/Newshound Guru tman23 Who is going to be the next Iraq PM…The Shi’ite State of Law Coalition has made it clear that current Iraqi Prime Minister Haider al-Abadi is not a candidate running for the second term in the position. Sa’d Matlabi, a leading member of the State of Law Coalition said on Wednesday that Nouri al-Maliki and Hadi Ameri are also not running for the premier’s office.
5-17-2018 Newshound Guru Breitling …as they lower the note count it adds value to the currency you and I have. That’s part of the process of adding value to the currency…What if they actually add more currency to the Iraqi economy? That’s fine. They can add more currency up to a certain point, up to 4 or 5 billion notes and still have value and not hurt us. Why would they do this? I don’t know…
5-17-2018 Newshound Guru Mnt Goat Article: “LONDON NEWSPAPER: AMIRI AND MALIKI REDUCED THE CEILING OF THEIR AMBITIONS AND OFFER TO ABADI THE NEXT PRESIDENCY” …so we see in this article that the lists are juggling their support towards someone whom they want as prime minister. This is typical after the election and usually takes about a week to do. So hang in their. Even though we have the “formal” election results we still don’t have the “official and final” results. Remember too once all this horse trading is done, that parliament still had to ratify the new prime minister, then he had to form his government. Will all this delay the RV? Nobody knows just how far they are planning to go in seating this new government prior to puling the trigger on the reinstatement.