8-9-2012: Iraqi Dinar Guru guesses!!!
8-9-2012 Intel Guru BOBGETZ6 [do you…agree it is going to come out above 1.00] Way above, IMO. As I see it, maybe within the next 48 hours all the way to 9/1. My mind is set on 9/1 to eliminate stressful situations.
8-9-2012 Intel Guru Jonnywg IT COULD TAKE TIME OR IT COULD BE TOMORROW. MADAM WU IS THE PERSON IN CHARGE AND IS A CHAMPION OF HUMANITARIAN RIGHTS AND THE REBUILDING OF USA. MADAM WU HAS TO SATISFY MANY COUNTRIES AND MANY EGOS. I TRULY BELIEVE THAT THERE IS A GOOD CHANCE THIS EVENT WILL TAKE PLACE SOONER THAN LATER BUT ALL IS READY TO PROCCEED…IN MY OPINION THE PUBLIC RATE WILL BE $4-7 AND A GROUP RATE WILL BE A BIT HIGHER. I HOPE TO HAVE SOME GOOD NEWS BY FRIDAY AND I WILL POST.
8-9-2012 Newshound Guru Adam Montana I already said I see a good chance for it to happen this year. Regarding the rate, I’ll tell you like this. My opinion that it makes more sense to RV at a dime than a dollar was formed a long time ago NOT on rumors – I formed my opinion based on logic and numbers. That logic stays the same, and the numbers are still there as well. There has been nothing but GOOD news in relationship to the things I used to form my opinion, so if anything – I would have to raise my estimate. To sum it up – .10 still makes sense to me, I can see it going higher than that, but I still don’t see any chance or reason they would come out over $1.
8-9-2012 Newshound Guru Kaperoni Now this quote is simply amazing. “This does not affect the value of the dinar so far but it opens the dinar to the free currency market such as against the dollar, etc.” It is telling us that the value of the old dinar (3 zero notes) is not effected. Clearly, this is what we want. Some may want to interpret this saying “yes the value does not change and the exchange rate also stays the same,” ie (LOP) Well this next quote…puts an end to that theory as well…“If three zeros were lifted from the IQD, this means the IQD becomes stronger 1000 times in terms of value.” This in itself is all we need to be assured of our investment. But the good Dr. [Bakri] gives us the dagger in the LOPster heart with this gem of an example…“For example, a pack of cigarettes that was selling for 1000 dinar would be only 1 dinar. If it was a conversion like that, if the three zeros were lifted from the previous currency, this means the old 1000 dinars will buy 1000 packs of cigarettes instead of 1.” [post 2 of 3…stay tuned!]
8-9-2012 Newshound Guru SWFloridaGuy We are seeing not only from Maliki’s camp but also from his opposition that they are maneuvering toward reaching (or already have) a consensus on implementing a reform proposition. Of course until we see this actually happen, history has taught us to remain skeptical but the recent tone of the GOI certainly leads me to believe they are at least trying to strike a deal. The stability of the GOI is undoubtedly an appurtenant component to any currency reform project the CBI may be working on. So, if true, this is great news for anyone investing in Iraq and something we should all keep an eye on. [post 2 of 2]
8-9-2012 Newshound Guru Vic1 THE DINAR IS NOT, I REPEAT IT IS NOT AN EXOTIC CURRENCY!!! THE REASON SHABS IS PRINTING NEW CURRENCY IS BECAUSE ALL THE SMALLER DENOMS THAT WILL NOT LEAVE IRAQ WILL BE WORTH ALOT OF MONEY IN IRAQ AS WELL AS IN OUR CURRENCY EXCHANGE HERE! HE IS GOING FROM 4BILLION PIECES OF PAPER TO 1.8 PIECES OF PAPER! ECONOMICS…101! THE LESS SUPPLY THE “HIGHER” THE VALUE!!!
8-9-2012 Intel Guru Jonnywg expecting things to happen shortly…all appears to be done but it is not final for unknown reasons…it is quiet, but strangely quiet…there is no intel to give…all has been completed for 2 months or more and it is greed and interference that is the delay. I can say that we are and have been in a favorable position for a long time. The bank screens are being played with and currently show values at the back currency screens or $4.15 for the IQD. [post 1 of 2…stay tuned!]
8-8-2012 Intel Guru Tony I just think that there are things going on in the region that is holding it up & I think that these things are being taken care of right now. IMO, things are being done now to protect money from getting into the hand of terrorists. It is not going to go to January, it’s not going to be that far. I am expecting this real soon!!
8-8-2012 Newshound Guru L. J. & Mike lets think back about a month or two…what did we hear…Najafi is with the Erbil 5…Maliki is upset ..calling for Maliki to be questioned and Withdrawal of Confidence…Nujafi was anti Maliki – well today “Maliki and Najafi will find a mechanism for the systematic implementation of the reform process” Look at the change in the attitude of all the players. The words are so different…when you see these things this is real reform…people sitting down getting pictures together…talking…something has definitely changed for them to do and say what they are doing…maybe its…them having the sense of urgency because we know our political future and time is running out…we have played this game too long.
8-8-2012 Newshound Guru Adam Montana In my opinion there is better than a 50/50 chance of it RVing rather than l0pping. COULD they go either way? Of course! I just feel it makes more sense to raise the value and THEN introduce new notes. They will pay out a little more on the older notes, but they will also benefit from the move and THAT is what they are concerned about. They want to make sure IRAQ benefits and profits, and they WILL do so if they RV with a stable government, stable inflation rate, and solid plan.
8-8-2012 Newshound Guru Mike they want to use Letters of Credit to start financing everything thats going in and out of Iraq so they can make sure they have legitimate deals…With a Letter of Credit everybody has to perform…everybody knows where they are at and a whole legal system that comes into play internationally when you mess with Letters of Credit…Gives the Central Bank a stronger standing to put a lid on their economy…that was the next step we were waiting to see.
8-8-2012 Intel Guru Checkmate I absolutely believe that the Iraqi dinar has to improve back to where it was or higher. I am very positive that this could happen at any minute, but I am OK it it lasts longer.
8-8-2012 Intel/Newshound Guru Poppy3 I got a great call last evening and the rumors on the streets of Baghdad are saying the RV is very close and people are said to be preparing to return from kuwait and other regions back to their homes in Iraq. They left for humatarian reasons. Lack of money, health care, etc. Those with the means to leave and work elsewhere are now talking and planning to return very soon. This is great news because they have intel we are not privy to. The professional people like DR’s, engineers, lawyers, etc., they had the means to leave and also have inside connections to gather information you and I could not get from the inside of the GOI in Bagdad. I am very encouraged that political progress seems to be moving fast to completion and the public responding in this way definitely shows what BGG and I have been reporting is in fact taking place. Once the politics are in line, our blessing should fall in our laps before we even know it.
8-8-2012 Newshound Guru Doc Our opinion continues the initial rate will be around $1. This in and of itself is huge; however, all of Shabibi’s statements around initial rate talk about being on par with the USD. A recent article suggested the common citizen is expecting something slightly above $1 and at that point would trade their USD for dinars. This also supports the estimate of $1.13 to de-dollarize the country. We continue to believe the rate will be of this magnitude because Shabibi has also stated he wants the dinar as the currency of choice going into 2013. To RV at the massive rates being reported would be economic suicide for Iraq. Also remember the CBI is a privately held business and as such exits to make money. RVing at a lower rate and working the rate up over time affords the CBI of a greater profit potential. We report, you decide. [post 4 of 4]
8-8-2012 Newshound Guru Kaperoni Now this quote is simply amazing. “This does not affect the value of the dinar so far but it opens the dinar to the free currency market such as against the dollar, etc.” It is telling us that the value of the old dinar (3 zero notes) is not effected. Clearly, this is what we want. Some may want to interpret this saying “yes the value does not change and the exchange rate also stays the same,” ie (LOP) Well this next quote…puts an end to that theory as well…“If three zeros were lifted from the IQD, this means the IQD becomes stronger 1000 times in terms of value.” This in itself is all we need to be assured of our investment. But the good Dr. [Bakri] gives us the dagger in the LOPster heart with this gem of an example…“For example, a pack of cigarettes that was selling for 1000 dinar would be only 1 dinar. If it was a conversion like that, if the three zeros were lifted from the previous currency, this means the old 1000 dinars will buy 1000 packs of cigarettes instead of 1.”