7-15-2012: IRAQI DINAR GURU GUESSES!!!
7-15-2012 Newshound Guru SWFloridaguy Allawi said that the IMA meeting is over and they need to more forward with the No Confidence vote on Maliki, this is direct from Allawi. I wouldn’t be surprised if they are trying to get a deal in the works by keeping the pressure on in order to come to a compromise. This governments stability is vital for Iraq to more forward with economic reforms, IMO. This has drawn on longer than any of us expected, but it will be resolved.
7-15-2012 Newshound Guru Eagle1 Now, let me go back to the posting which appeared Thursday night on Frankfurt’s FOREX exchange. You will see the following notation: EUR-IQD.F EUR/IQD 0.16 Currencies FRA. Here’s where things get interesting. The FRA notation has a double meaning. The first is “Fixed Rate Adjustment.” The second is “Forward Rate Agreement.” In short, a forward rate agreement (FRA) is an over-the-counter financial futures contract on short-term deposits. Both of these uses of the FRA notation indicate an increase in value and advise currency traders and businesses/nations engaged in contract negotiations with Iraq that the IQD is about to revalue and that future contracts will need to incorporate the new rate.
7-15-2012 Newshound Guru Vic1 CHAPTER 7 HAS NOTHING TO DO WITH THEM RV’ING THEIR CURRENCY! THEY ARE A SOUVERIGN NATION. THE LAST BIT OF CHAPTER 7 IS THE IRAQ/KUWAIT BOUNDARIES.
7-15-2012 Intel Guru Bluwolf the fact is that all has been said and is positive till this point. No delays and no problems have occur what so ever…all is still positive and on track, we are in a second by second alert, waiting on the phone call.
7-15-2012 Newshound Guru Eagle1 The past 24 hours have brought about some extremely interesting developments. Thursday at roughly 5:00 PM Eastern, the IQD showed up on FOREX at the Frankfurt Exchange, and shortly thereafter on the Paris Exchange. For reasons explained otherwise, it did not appear on Citibank’s FOREX site in the U.S., and that may be because the USD was not referenced in this announcement. the IQD was referenced to the Euro. The Euro was equal (in this posting) to .16 IQD. That would make the IQD worth Eu6.25. Take the current value of the Euro against the US Dollar and we have a valuation of the IQD against the USD equal to $7.62. the rate continued to display for some seven hours. (Update: The rate was still there, by the way, as of noon Friday.) We’ve seen glitches before, but they generally last for a few minutes, and maybe an hour at the absolute outside. On the day following the appearance of this rate with both Frankfurt and Paris FOREX exchanges, we learn that the Iraqi Minister of Finance as well as other representatives from the GOI were in Frankfurt and Paris to open up embassies. Makes you go, HMMMMMMMM.
7-15-2012 Intel Guru Footforward EVERYTHING IS IN PLACE THAT NEEDS TO BE FOR THIS TO HAPPEN. ITS A BATTLE FOR CONTROL, THAT SIMPLE. THERE SEEMS TO BE FORWARD MOTION, AND I EXPECT THE RATE TO BE “REAL GOOD”. I DO THINK THE RATE GOES UP THE LONGER THIS GOES. IF I EXPECTED THIS TO BE A WAYS OFF I WOULD TELL YOU. IT CAN BE ANY TIME.