8-3-2012: Iraqi Dinar Guru guesses!!
8-3-2012 Newshound Guru SWFloridaGuy I want to start by saying RV, RD, RI, I have no clue. I can only hope for the best. We continue to see the GOI stratagem toward reform (which would be the optimal solution for investors). The more I study macroeconomics, the more I understand the Lopsters argument. If you solely look at historic large currency appreciations, even a 20% increase, runs the risk of having negative long term effects. A 100,000% increase is not even something regarded as possible by most economists.
8-3-2012 Newshound Guru SWFloridaGuy However, what the Lopsters fail to recognize is the fact that Iraq is a very unique situation. The value for the IQD is still there. Iraq was devalued due to a war strategy (have yet to see proof from a Lopster that it wasn’t) and the U.S. has been in control of the reconstruction from the start. I believe Iraq will revalue and the real questions are – how high, when and by what mechanism? Several incremental adjustments (to get us to 1 to 1 initially) would be what I prefer. That would ensure that the large notes retain their value.
8-3-2012 Newshound Guru SWFloridaGuy If they go to 1 to 1 initially or just higher, that would be something the world has never seen and the best case scenario. Eventually, I think Iraq will have the strongest currency in the M.E. but only over time. The IQD is a pegged currency, not one that is actively traded. The CBI sets the value, as they did from 1189 to 1166. What I would prefer to see is a move to 1000 (between Sept – January) prior to on par with the USD. Iraq has to have a stable and improving economy and manageable monetary supply in order to improve their purchasing power.
8-3-2012 Intel Guru TerryK THE MAN HIMSELF [SHABIBI} HAS BEEN TALKING ABOUT THE RV. THIS LOOKS LIKE IT MAYBE ALL BUT DONE TONIGHT [THURSDAY], ALOT OF STUFF GOING ON. this guy who is way up the totem pole just told me…china is pushing this hard…we could see this as early as tomorrow [Friday] but highly unlikly. [Shabibi] has to work a couple of things out with kurkistan then this is complete.
8-2-2012 Intel Guru Hammerman Several Iraqi leaders were on Iraqi TV today & said that Iraq would be revaluing their currency in the very near future & it would be stronger than the pre-Seddam rate, so that has to be at least a better value than $2.72. I received phone calls from Iraq from 2 different people that Mailiki, Shabibi & 3 ministers were on Iraq TV & they strongly indicated that the people on the TV were the newly seated GOI. Bloomberg stated today that there would be a revaluation of currencies & a global realignment in the near future. I had a phone call from China, Madam Wu, & before I was disconnected, I got that the process was moving forward to the end of the line. My feeling, my gut is we will not see this until after Ramadan, I would look between Aug. 25th and Sept. 25th. Intel says the complete opposite, that it will happen any minute. Everything is moving in a good manner, info from Iraq is great, the news is splendid.
8-2-2012 Intel Guru Cap1 WHAT A WILD RIDE THIS HAS BEEN…AND IT SHOULD HAVE BEEN OVER MONTHS AGO.
8-2-2012 Intel Guru Footforward The rate is pretty good…you will be pleasantly surprised. There is not going to be different tiers at different rates, there will be one rate across the board. I do believe that [Guru] Tony’s info is correct…Maliki was on TV saying we are going to see the RV right away and the currency will be worth as much as it was in Saddam era.
8-2-2012 Intel Guru Blaino Major banks showing numbers! Major banks has rate now + GOI takes Thurs off & Shabbibi needs 3 days…more later.
8-2-2012 Intel Guru Tony [via millionairemoma] [Just watching Iraq TV. Conference with president just ended. Three ministers were with him. He said Iraqi Dinar will re-value higher than it was in the days of Saddam Hussein. He is on a minute to minute watch. WOW!!!!] TONY SAYS HE HAS CONFIRMED THAT HE HAS HEARD THIS FROM BOTH SIDES OF THE POND!
8-2-2012 Newshound/Intel Guru BGG Maliki is getting pressure from his own gang to lay off the antics. Before they get done cleaning up one mess – he’s off making another. Sooner or later (they are realizing) they will have to patch things up. They would just rather it not get past the point of no return.
8-2-2012 Intel Guru Cap1 WE JUST MAY GET OUR WISH TODAY! THAT’S ALL I CAN SAY GUYS!
8-2-2012 Newshound/Intel Guru BGG As I have mentioned – we keep an eye on the “politicos” in the region. None are bigger that Allawi. Here are a couple of Tweets he sent out (personally) yesterday. It doesn’t get any “fresher” in the news than that!! “Ayad Allawi @ AyadAllawi The meeting also focused with Barzani on the need to question the prime minister of Iraq, as well as the question of the mandate of the Presidency of the three constituencies only two sessions and retroactively.” “Ayad Allawi @ AyadAllawi We had a positive meeting with Massoud Barzani, brother of the work to weaken the tension between central and regional governments.”