8-8-2012: Iraqi Dinar Guru guesses!!
8-8-2012 Newshound Guru L.J. We are seeing cohesion and unity – they are making efforts for reform…I thought we would see withdrawal of confidence before we saw reform honestly…I didn’t think they would be able to bridge the gap. The language we are hearing in the last couple of days has been really pointing toward…an agreement between them to where they could move forward…I am excited about what I am hearing…the fact that Allawi is open to meetings and Maliki is meeting with the powers and Maliki pushing for Mutlag to come back…Mutlag stepped in and has some extra powers and he’s utilizing them…trying to work out the Oil & Gas Law…everything we see is about working the crisis out and that gives us all reason to be encouraged. .
8-8-2012 Newshound Guru Mike CBI went to Parliament and threw down a letter and said we are going forward with the deletion of 3 zeroes project…Parliament accepted that Letter. I think it was a brilliant play on Shabibi’s side – they said maybe you need to come and talk to us and explain it a little bit more because there are still some who don’t understand….he said sure he would be glad to do that.
8-8-2012 Newshound Guru Doc We continue to be amazed that a few sites are trying to resurrect the $14 initial exchange rate or at least the $3+ range. They continue to argue Shabibi said this when he said he wanted the dinar to be the strongest currency in the ME. Unfortunately this ignores the macroeconomics of currency reform all together. When Shabibi makes this statement he has never referred to this as the initial RV rate but as the ultimate goal with a 3+ year horizon. He knows he needs much more oil exports, a diversified economy and most importantly a stable GOI to get there. He also knows the infrastructure is not there currently to support those valuations. If we know this then be assured Shabibi is many steps ahead of us. [post 3 of 4…stay tuned!]
8-8-2012 Newshound Guru Kaperoni Now here is where we learn what Iraq is really doing. Despite all the articles, misdirection, and confusion with terminology this quote tells us exactly what is happening…This is absolutely the most direct and powerful statement we have heard. This is not an opinion, but a factual statement…”the present authorities have decided to change the Iraqi currency to a new currency”. Now this also tells us that they are NOT deleting the zeros off the notes. And it tells us that “collecting the notes” is what is happening to reduce the money supply. [post 1 of 3…stay tuned!]
8-8-2012 Newshound Guru Breitling Kaperoni is absolutely right, the dinar will be an exotic currency at first & will be controlled, but it won’t stay like that forever, they have talked about becoming free market economy. Yes, they can justify at coming in around just below a buck, so that is my range 6 cents – 10 cents, to up to a buck. Will they get above that? Absolutely they will. And that’s up to the CBI. That’s why I’m in this investment, I didn’t get in for just a few pennies. I haven’t seen any math that changes that.
8-8-2012 Newshound/Intel Guru BGG This is not a lottery ticket, you purchased money, a currency. This is a currency of a country, a foreign currency, money! As soon as it becomes an internationally tradable currency it will increase in value. Iraq is the number one ranked hottest economy in the world right now, this is from the World Business News. They are mega wealthy in natural resourses, gold, natural gas, etc. It’s impossible for them to operate long term under this pre-programmed rate.
8-7-2012 Intel Guru Checkmate I am really encouraged to see some really positive things going on. Glad to see progress in Iraq being made, they are putting the pieces together. We don’t know the date or the rate but we see progress, we know it’s going to go up and that’s a good place to be. There is not one piece of evidence that shows anything different than that. I don’t think it will go much further, I know it’s going to happen soon.
8-7-2012 Newshound Guru Kaperoni we have articles…from various Symposiums held by the Central bank of Iraq in which they state…”the point of view the central bank is that the deletion of zeros does not affect the value of the Iraqi currency” yet again confirm the dinar will retain it’s value and no LOP.
8-7-2012 Newshound Guru Doc There are numerous reports of the GOI trying to delay currency reform once again. The good news is Shabibi is emphatically saying “No way!” We are extremely encouraged by the following report “…The Central Bank of Iraq has agreed with the Economic Committee of the Iraqi Parliament to introduce the new banknotes in September 2012, which will be used in parallel with the current banknotes for a year. The CBI will completely withdraw the old banknotes by September 2013.” We learn from this 1) Shabibi has has enough and is marching forward and, 2) we will have 1 year until the old notes will be retired. It also brings to light that the exchange rate should be within the September…October timing we have been speculating for many months now. [post 2 of 4…stay tuned!]
8-7-2012 Newshound/Intel Guru BGG Do you need some good news? We have been looking for a National Conference, now being referred to as a General Conference, where we believe they will unveil everything. I have the heads up that it might be coming, it looks like it is going to happen…this is crazy good news. Also an article refers to the conference and refers to a date of the 16th. I project that things will move fairly quickly after that. Of all the investments that I could think of to be in anywhere in the world, at any time in history, we are sitting on a monumentum, momentous, massive incredible opportunity right here, right now. There is unbelievable news right now. I am happy to be here, it’s been a little bit of a ride but we are in a fabulous place right now.
8-7-2012 Newshound Guru Mailman17 i see parliament is in full approval of shabs plan but that plan simply states the new denoms will come out jan 1 and have a rate equal to the dollar…i still think the smalls printed from 2003 will come out first…parliaments moving fast law wise especially concerning the courts…in other words they are taking away malikis power to use the courts to his advantage…the no vote is still very much alive…they want maliki on a spit, slowly turning till he’s done but to get that done they needed to take the courts power away concerning just what maliki can do and that being done as we speak…let it play out, almost home, political posturing then…the kill.
8-7-2012 Intel Guru Footforward We have undeniable proof we are right on top of this. This could happen 10 minutes from now or it could have already happened. Ramadan is of no consequences. Syria has nothing to do with this. Iraq has nothing to do with this. It is actually a matter of timing. The media does not tell you everything. The VND and all the currencies will go at one time in order to accomplish what they want to do. In my opinion, I think we are looking for double digits. Even the bad guys want this done by Jan. 2013, will it go till then, I don’t think so. Based on what happened today, it could happen anytime.
8-7-2012 Intel Guru Bluwolf I DO NOT CONTROL THINGS AND THE EXPRESSIONS SAID BY ME ARE PRECISE AT THE MINUTE. ALL WILL COLLAPSE BEFORE IT GETS BETTER…THE TIMING IS STILL ON TRACK…WE ARE SECOND BY SECOND PERIOD.
8-7-2012 Newshound Guru Doc As predicted nothing of significance has been made public during Ramadan. We still have several days left and we continue that no announcement is forthcoming concerning the RV. What we are interested in is all the under-the-table deals we are confident that have occurred during this time. There have been hints in the media that Maliki and Allawi may have come to an understanding. Unfortunately the news concerning Ebril has not been as positive with numerous reports of the Kurds forming their own country and even issuing their own currency. We continue to postulate these are still negotiation tactics and we will see these deals emerge and become public later this month into September. [post 1 of 4…stay tuned!]
8-7-2012 Newshound Guru Breitling The rate these guys want to come out at is a buck. But, do not get tied up on a rate and do not get tied up on a date, and do not apply some conspiracy theory to this investment. I had a question, “Why don’t we just go in there and have them revalue it”. Remember when Shabibi said the dinar would be a world reserve currency for other countries, well, if you look at how they are setting everything up, if they don’t have that stuff in place it is not going to sustain it. They have to maintain the rate. You just can’t go in there & force it & make it happen, you can’t artificially do things. You have to be patient. They have a time frame to get it done, what that is. we don’t know.
8-7-2012 Newshound Guru Phoenix3333 Meeting brings together Maliki and Allawi. “A meeting between the Prime Minister and leader of the Iraqi List, noting that there were signs of easing the crisis. There are positive indications on the horizon, especially after the return of the Deputy Prime Minister Mutlaq and a visit to his office a delegation from the Iraqi Prime Minister Maliki evidence of a convergence of views between the parties.”
8-7-2012 Newshound/Intel Guru BGG it’s all about the events – not the dates…if things go well – we’re not that far off. I was asked when my patience [will] wear thin…if this gets around the end of Q1 2013 and we’re still sitting here looking at Maliki shenanigans I’ll be worried…otherwise – we’re all good. I don’t look for things to go on much longer – there are some good things getting done as we speak.
8-7-2012 Newshound/Intel Guru BGG I don’t care where it comes in at – I have an idea where it’s headed. In fact, if it starts in the low three’s I may leave a considerable amount in Dinars as I have an idea as to what will happen…my gut says a bit more than a dollar is the very bottom side. Worst case. I just don’t see it at a dollar (unless it’s a very short – initial rate). I truly think it will get to a bit over four bucks sometime in the first year after coming out – don’t care where it comes out…at some point in the near future, it will be worth more…and that’s why – if it starts in at a low 3 number I’m not in a big hurry… I agree the drastic move from a dollar + to over 4.00 in a year would be currency “whiplash” and does carry with it some inherent risks – I am under the impression – both from sources and the lack of any real proof otherwise – Dr Shabibi will directly manage the IQD pricing for some time. I doubt it will be a Forex currency for quite a while.
8-7-2012 Intel/Newshound Guru Poppy3 i don’t buy the rv coming out low and going high at all…that is not what the DR said…and about the dinar not being marketable at the higher price??? Well Shabibi stated they could actually sustain up to $14 plus against the USD. Then they are not afraid of a run on the bank in country KUWAIT WASN’T WHEN THEIRS CAME OUT HIGH AND EVEN WENT HIGHER before dropping 9 days later?? One to one doesnt help their revenue to rebuild their country. I have my faith in what I have studied.