9-15/16-2012: Iraqi Dinar Guru guesses!!!
9-16-2012 Newshound Guru SWFloridaGuy Just to clarify Shabibi has never once said that the IQD would revalue to become the strongest currency in the Middle East and remain at levels above Kuwait’s. In fact he’s never said they would “Revalue” at all. At the Arab banking conference in 2008 (held in Cairo), Shabibi did say that he wanted to return to their currency to levels that closer resembled what they were in the 70s and 80s. The “Returning to former glory” statement from Shabibi (while a very positive one), is frequently misquoted.
4-7-2008 Shabibi – We aspire in the near future to the return of Iraqi dinar to what it was in the seventies and the beginning eighties against the dollar and other foreign currencies and we are endeavouring and serious in this regard, but added that this process is not easy and simple and depends on the supply and demand of Iraqi dinars.” Whether that be by revalue, floating orbit of exchange, straight redenomination, change in peg, letting the market drive it up etc., is of course 100% classified.
9-16-2012 Newshound Guru Med THIS LONDON MEETING SURE SEEMS TO BE TURNING INTO SOMETHING BIG AND IT SEEMS TO ME TO BE CENTER AT LEAST FOR IRAQ…TRYING TO ATTRACT THE UK, THE EU AND THE U.S. TO ACCEPT THE IRAQI BANKS. IT SURELY SEEMS THAT SOMETHING SERIOUSLY IS IN THE BREW THIS MONTH. I AM STILL COUNTING ON A SURPRISE, UNTIL IT IS DEBUNKED.
9-16-2012 Intel/Newshound Guru Poppy3 The last report that we got was Talabani would return on the 18th. Dr. Shabibi’s meeting on the 18th and 19th is going to have international and investment bankers from all over the world. The original intent was to go there to get them to invest into Iraq. Without the RV they can beg all they want but nobody is going to invest in Iraq till the RV hits and they are a WTO member with a currency that is tradable worldwide. Possibilities for the RV are tremendous.
9-16-2012 Newshound/Intel Guru BGG The biggest current rumor is that Talibani showed up in Iraq 48 hours ago. I kind of doubt this to be true – for several reasons. First – I have a couple of pretty deep sources that would have told me so ahead of time. Second…about 12 hours after he actually shows up every Arabic news feed there would have an article about it – this is really, really big news and is being watched closely by everyone – here and there.
9-16-2012 Intel/Newshound Guru Poppy3 Shabibi has signed off on the year end report that recently stated that they have a total of 76 trillion dollars in reserves now. Just a little over a year ago it was at 56 trillion. Their numbers are just climbing astronomically in their reserves. That is definitely in our favor! A brigadier general sent me a notice that October 1st has been the target date every year since 2008 but never before have things lined up for the RV as they have this year. HCL and Article 140 have been on the addenda twice in the last week and it has been reported that it was completed and implemented today [Saturday]. I was told that the earliest it could be implemented would be this coming Tuesday.
9-16-2012 Intel Guru Bluwolf ALL THINGS ARE BEING TAKEN CARE OF AS WE SPEAK AND THE OUTCOME WILL BE OVERWHELMING TO ALL IN THIS INVESTMENT.
9-16-2012 Newshound Guru Med I LIKE THE ARTICLE VERY MUCH OF THE IMF SUPPORT OF CBI AND WHAT THEY ARE DOING. IF SHABIBI HAS BEEN CORRUPT AND MONEY LAUNDERED AND STOLEN BLAH BLAH BLAH THEN HOW IN GODS NAME DID HE GO FROM 20 BILLION USD IN 2009 TO 69 BILLION USD IN FOREIGN CURRENCY ASSETS. NOT ONE OTHER MINISTRY HAS ACCOMPLISHED ANYTHING NEAR WHAT SHABIBI DID.
9-16-2012 Newshound/Intel Guru BGG Article: “Najafi and Deputy Foreign Minister U.S.: Implications of the death verdict against Hashemi confirms that part of the Iraqi judiciary is politicized” It is more and more obvious to everyone this persecution of VP Al-Hashemi is a political witch hunt – this one is going to blow-up in Maliki’s face too. You watch”
9-15-2012 Intel Guru Ray I just wanted to give a brief update. I know a lot of people are on edge waiting to hear if a date has been set for the RV. I have not been able to get hold of my contacts yet due to the weekend. As soon as I find out something, I will pass it along … just relax and let this happen.
9-15-2012 Intel Guru BOBGETZ6 It appears to me, that with Malikki and Shabibi doing there thing next week, and if it is about release from seven as well as getting investments in Iraq, they pretty much have to get this done before the meetings.
9-15-2012 Newshound Guru SWFloridaGuy So far I can’t confirm that the HCL has been passed, although it looks like they could be close. Maliki hosted a session in the House of Representatives today where they had 35 speaker and it lasted 3 hours. Apparently, after the session was held the Prime Minister held a press conference and said that he is calling on the House to expedite the passing of the HCL and that they had failed to reach an agreement on the Infrastructure law. I can’t find any press on Iraqi tv or confirmation in the Iraqi Legal Database that the HCL has indeed been passed but I am still looking. Sure would love for this rumor to pan out.
9-15-2012 Newshound Guru Mike The Heat is on…Britain’s Foreign Minister showed up to talk today to Maliki. Parliament is also acting – they have run into a few road blocks but the President of the Parliament Nujaifi put together a committee on the Oil & gas Law to meet on Tuesday – he is giving them deadlines. All of a sudden Baghdad and Erbil agree to pay the dues to the oil companies. I don’t know what happened to make this happen but this is a major bargaining chip which means something is in the works – they are getting something in order to do this or they were told to do this…these are all major things that signal to me that the government is having lots of negotiations and things are happening behind the scenes…could be a major weekend for news into Monday.
9-15-2012 Newshound Guru Mailman17 I THINK WE WILL SEE MINISTERS IN PLACE IN 7 DAYS. JUST A HUNCH. ALSO, THE HCL. WE GET THAT AND SHABS CAN THEN USE THE APPARENT CRISIS TO INITIATE THE CHANGE IN CURRENCY AND WITH THAT A CHANGE IN RATE. IT WILL APPEAR TO THE WORLD AS IT WAS FORCED AHEAD OF TIME BUT IN ESSENCE PLANNED BUT NEEDED. HENCE THE IMF ENTERING THE SCENARIO. WE WILL BACK IRAQ UP AND THAT SHOULD MEAN…A RATE CHANGE AND INTERNATIONALLY TRADEABLE AGAIN. [post 2 of 2]
9-15-2012 Newshound Guru Mailman17 THERE SEEMS TO BE A PUSH TO GET THE 2007 AMENDED HCL THROUGH, THAT IS GOOD. MALIKI AT LEAST ON PAPER IS ALSO PUSHING IT. THAT ALONG WITH KUWAIT IS THE LAST 2 BENCHMARKS NEEDED FOR 7. ADD TO THAT WE HAVE A CRISIS IN THE CBI OR AT LEAST WHAT THEY WANT US TO BELIEVE IS A CRISIS, MONEY LAUNDERING. WE ALREADY KNOW SHABS IS READY. WE ALSO KNOW HIS TERMS, STABILITY. [post 1 of 2…stay tuned]
9-15-2012 Newshound Guru Enorrste I expect that once it passes $1 Shabibi will step in and “manage the float” as he told the IMF he would do. It will then go up at a controlled rate (unknown what that is now) until it reaches “equilibrium” which we suspect will be in the $3.50 range. We have no way of knowing how long that will take at this time. [post 2 of 2]
9-15-2012 Newshound Guru Enorrste As the dinar rises in value people will begin to want dinars again. When it gets over $1, which we expect prior to the beginning of 2013, they will flood to dinars and away from dollars, since the dinar will have been rising consistently for several months by that time and every expectation will be that it will continue to rise. Inflation is REDUCED by lower import costs. It is not raised. He who controls the supply can control the rate. If Shabibi wants the rate to go down he sells more dinar. If he wants it to go up he buys up dinar…The bottom line is that he controls supply, and therefore the rate. [post 1 of 2….stay tuned]
9-15-2012 Intel Guru DinarWishes Just know it’s coming, when exactly is undetermined… It could be sooner than we think.
9-15-2012 Newshound Guru Administrator Bob We enter the weekend at the door of the Iraq Finance 2012, the international conference and exhibition on banking and finance services in Iraq. Private meetings begin this weekend with the public conference starting next Tues-Wed. There was some discussion on various laws and political differences, but nothing is official.
9-15-2012 Intel Guru Hammerman all great info coming in…FOREX SWITZERLAND TEXTED…SAYING RATE 9.71 TO USD AN 5.33 TO GBP. THEY LOOKING TO GO LIVE AFTER CLOSE OF USA BUSINESSES TODAY [Friday]…i don’t believe that…i think we are closer to next Tuesday…a lot more movement in Iraq today…Reno is hopping again big names there today again…funds are being moved…shifted and allocated…this could possibly be the end here soon…im smiling huge.
9-15-2012 Newshound/Intel Guru BGG Article: “Hashemi Unveils possession of documents proving corruption and Iraqi Minister of Finance “Rafie al-Issawi” This is about to get ugly for Maliki – there is some very damaging evidence that has been held in confidence to be sure he was going to play ball. As time goes on – it is more and more likely they will use whatever they have against him.