IRAQI DINAR GURU’S

Iraqi Dinar Guru opinions 9-22-13

Iraqi Dinar Guru opinions 9-22-13

9-22-2013 Intel Guru Jester I WISH I HAD SOME REALLY GREAT NEWS THAT EVERYTHING IS GOING TO RV AND WE ALL LIVE HAPPILY EVER AFTER…. WHAT WE KNOW IS IT COULD BE A ROCKY ROAD AND THINGS ARE UNCERTAIN RIGHT NOW…[Please, recap for us if you will, the timing we will see this happen. Reset, RV, crash? Or what?] WE DO NOT KNOW THE EXACT TIMING… FROM ALL INDICATIONS THERE IS A TARGET…WE DO KNOW THE EXACT DATE… BUT WE THINK LATE OCTOBER EARLY NOVEMBER. Read more…

Iraqi Dinar Guru opinions 9-21-13

Iraqi Dinar Guru opinions 9-21-13

9-21-2013 Newshound Guru Tlar “Finance Committee: rapid damage of small groups dinars behind either in the domestic market” This is either a stop gap move to temporarily put new dinars in the market using the old denominations or it is cover for the smalls getting printed. I don’t personally believe that they would undergo the expense to reprint the existing dinar when every other article indicates they are so close to a monetary change in general. Read more…

Iraqi Dinar Guru opinions. 9-20-13

Iraqi Dinar Guru opinions. 9-20-13

9-20-2013 Newshound Guru Enorrste Article: “Turkish criticizes calls for the formation of the central bank monitors and confirms: Hereby serve the Iraqi economy policy” Maliki wants to take credit for the rise in the value of the dinar and for all of the good things that will come from it. Therefore he has sent a bill to parliament to have it create a “council” headed either by himself or by he COM which will “oversee” the unfolding of the 5 year plan. By creating this council he will be able to take credit for the results. Turki is wise enough to know that it “might” lead to Maliki attempting to control the CBI, but I believe that this is now a secondary consideration for Maliki. Read more…

Iraqi Dinar Guru opinions. 9-19-2013

Iraqi Dinar Guru opinions. 9-19-2013

9-19-2013 Newshound Guru Kaperoni Article: “Turkish criticizes calls for the formation of the central bank monitors and confirms: Hereby serve the Iraqi economy policy” Good to hear from Turki. They dont need another committee or board to monitor what the CBI should be doing. Turki agrees. In other words, Maliki wants to keep it weak. Hopefully, that won’t be possible considering the momentum is now moving forward. Read more…

Iraqi Dinar Guru opinions. 9-18-2013

Iraqi Dinar Guru opinions. 9-18-2013 (Updated 6:20 pm PST)

9-18-2013 Newshound Guru Enorrste …there will not be an RV. There will only be a move to a freely floating currency. That can happen at any time. It is our opinion that they will be at 1:1 BEFORE January 1. The free float starts at 1166:1…Any day now we should have an announcement of the change in the exchange rate regime. Maliki has approved the Five Year Plan which has that change as part of the plan. Any day now. Read more…

Iraqi Dinar Guru opinions. 9-17-13

Iraqi Dinar Guru opinions. 9-17-13

9-17-2013 Newshound Guru Mailman17 A FIXED BUDGET IS WHAT IRAQ MOST LIKELY HAS TO OBTAIN…BASED ON A FIXED RATE. I RESPECT THOSE WHO SUGGEST A FLOAT, BUT I STRONGLY DISAGREE THAT IRAQ WILL GO THAT ROUTE. THOSE COUNTRIES USING THE DINAR AS FOREIGN CURRENCY RESERVE, WILL NEED A STABLE RATE OF EXCHANGE TO MAINTAIN THEIR OWN BALANCE SHEETS AND THE IMF IS PROBABLY SEEING IT THAT WAY AS WELL. Read more…

Iraqi Dinar Guru opinions. 9-16-2013

Iraqi Dinar Guru opinions. 9-16-2013

9-16-2013 Newshound Guru Doc Before all the “RV rate in in the budget” rumors heat up lets put it to bed now. Here is a recent article quote “Committee member Rep. Nora Bijari said in a statement (morning) that the draft budget next year (2014) be found at the Ministry of Finance a budget large, as amounting to nearly 146 trillion dinars, and the ministry will send a copy of the budget to the Council of Ministers for the purpose of voting on them”. Read more…

Iraqi Dinar Guru opinions. 9-14/15-2013

Iraqi Dinar Guru opinions. 9-14/15-2013

9-15-2013 Newshound Guru Doc For all practical matters we are exactly where we reported several weeks ago. We also anticipate we will be here for many more weeks. There has been no further movement in passing the remaining laws needed to support currency reform in the long term. All is no where close to complete. In fact Parliament will not reconvene for another week. In our last update we pointed out HCl would not be considered until at the earliest this upcoming session. We eagerly await to see if it will be addressed. Our opinion continues that currency reform will not happen until there supporting laws are passed. The stated stated back drop for the “delete the zeros” project is June 2014 and not tomorrow or next month. The are many articles calling for it which we view as positive. Read more…

Iraqi Dinar Guru opinions. 9-13-2013

Iraqi Dinar Guru opinions. 9-13-2013

9-13-2013 Intel Guru Jester [Do you believe we will still end up with some sort of action against Syria?] I THINK THE TIDE HAS TURNED AND NO I DON’T. THE CIX SEEMS READY…WE HAVE HAD NO FEEDBACK THAT IT ISN’T FOR SOME TIME…WE KNOW THE FOREX AND THE BANKS ARE READY… AND THAT IS CONFIRMED EVERY SINGLE DAY…SO THAT DOES NOT SEEM TO BE A PROBLEM THAT WE CAN SEE… Read more…

Iraqi Dinar Guru opinions. 9-12-2013

Iraqi Dinar Guru opinions. 9-12-2013

9-12-2013 Newshound Guru Kaperoni “CBI release – To/approved banks exercise all banking/money transfer companies, approved all” It looks to me that the CBI is announcing they are fully liberalizing the foreign exchange market in Iraq. So all dealers can now sell dollars. It may be a very good sign towards the transition to the new “float” exchange regime! So what we have is new currency instructions for banks and money transfer companies that was created and sent out (apparently) privately since it is not posted on the CBI website at or around the 1st of September (dated 3/9). And today, a public announcement “activating” those instructions. To me this is very interesting and clearly makes one think they are doing something pertaining to the currency and foreign exchange that they do not want us to know about. Read more…

Iraqi Dinar Guru opinions. 9-11-13

Iraqi Dinar Guru opinions. 9-11-13

9-11-2013 Intel Guru Frank26 Earlier this year, the IMF gave permission to Iraq to raise the value of their currency and gave them 30 days to do it, but they did not; when the UN released Iraq from CH7 they gave them 30 days to raise the rate and they didn’t do it, so the IMF took control of the RV. IMO, Maliki falsified IQD values on the IMF docs…and presented them to the GOI and CBI; if true, this is powerful; Maliki wanted the initial rate to be much higher, and Maliki was going to be allowed to announce the rate on the 17th of this month; now this has been taken away from Maliki and Iraq. Read more…

Iraqi Dinar Guru opinions. 9-10-13

Iraqi Dinar Guru opinions. 9-10-13

9-10-2013 Intel Guru Eagle1 WF source states the RV is to happen “momentarily;”…ForEx source said it can happen tonight IF one last piece of housekeeping is cleaned up by the IMF – but we don’t know if the IMF will get it cleaned up tonight…this is given as rumor/opinion, not a date…intel also says that the IMF has decided that the value of the IQD will parallel the KWD…if the IQD comes out at a low rate ($0.86 – $1.00 range)…it will be a free float; if it comes out at $3 +, it will be a managed float. Read more…

Iraqi Dinar Guru opinions. 9-9-13

Iraqi Dinar Guru opinions. 9-9-13

9-9-2013 Newshound Guru Millionday Article quote: “Bankers stressed the importance of launching a national campaign to contact global finance for the revitalization of the work of the State banks which was constrained in its dealings with the requirements of Chapter VII.” this means that they are changing stipulations that have the global banking stuck from past sanctions and present applications so this is fantastic because we want this in order to launch the rates through global currency rates which has to be done in order to connect banking globally…its about time. Read more…

Iraqi Dinar Guru opinions. 9-8-2013

Iraqi Dinar Guru opinions. 9-8-2013

9-8-2013 Newshound/Intel Guru BGG Article: “Finance parliamentary rule to delete the zeros from the currency early next year” The ruling “to delete the zero’s” from the currency early next year – is more about the removal of the notes (completely) from the marketplace. The main thing most readers here are concerned about is a change in value – which is different. Once the value changes – it will take a while to get the notes “deleted” from the marketplace. It isn’t an instant equation. Read more…

Iraqi Dinar Guru opinions. 9-7-2013

9-7-2013 Newshound Guru Millionday report about them rushing the pulling in of the three zero currency: the report…went on to say that their goal is to bring the dinar to what it was before 1980. the point of the report was that simply redenominating in the country without changing the rate as well will not put them to their goal of what it was before the 1980s. I brought in…the rates it was back then:

9-7-2013 Newshound Guru Millionday 3 July 1972 -12 February 1973 hard peg, 1 Iraqi dinar = US $3.04 = 2.48828g gold (nominally) Switched to the US dollar as the anchor currency. 13 February 1973 -31 March 1978 hard peg, 1 Iraqi dinar = US $3.3778 = 2.48828g gold (nominally) Did not follow the devaluation of the US dollar on Read more…

Iraqi Dinar Guru opinions. 9-6-2013

Iraqi Dinar Guru opinions. 9-6-2013

9-6-2013 Newshound Guru Kaperoni Article: “Calls for economic reforms before you start deleting zeros currency” As we have stated several times, we believe this is a two part process. Part one is to raise the value of the dinar, then part two is delete the zeros which is nothing more than a declaration (and implementation of the Law of Indebitness) and new currency. Part two has nothing to do with us and we dont care. Therefore, IMO if they say they will delete the zeros early next year, then the raising of the value must come first. Which we believe is a float. Time will tell. Read more…

Iraqi Dinar Guru opinions. 9-5-2013

Iraqi Dinar Guru opinions. 9-5-2013

9-5-2013 Newshound Guru Adam Montana in order for Iraq to make any significant change in their currency value, they need to be able to back it up. Since the majority of Iraq’s economy (business) is based on Oil, they must have means to sell their product in order to maintain their business. no ability to sell oil = no ability to maintain value on currency. Iraq can’t simply produce oil and call themselves rich… they must put that oil in the hands of buyers and collect payment for it. Read more…

Iraqi Dinar Guru opinions/fiction. 9-4-2013

Iraqi Dinar Guru opinions/fiction. 9-4-2013

9-4-2013 Intel Guru TD We are still in a holding pattern. WHY? Because Iraq’s matters still need in house work and world events have put things on limbo. Parliament though is meeting later this week and hopefully issues of substance (laws, etc.) will be addressed. As mentioned few days ago, articles we want to read are getting out again. Whether there’s substance there or just talk, we shall see. The US congress will reconvene next week and vote on the Syrian mess . Releasing any currency internationally is simply not the time, due to “market uncertainty /instability”, the premier enemy of financial markets. Read more…

Iraqi Dinar Guru opinions. 9-3-2013

Iraqi Dinar Guru opinions. 9-3-2013

9-3-3013 Intel Guru Jester THE MORE DEEPER I GET THE MORE I UNDERSTAND WE DID NOT REALLY KNOW WHAT WAS GOING ON…THE PROCESS IS THE PROCESS…MUCH MORE COMPLICATED THAT WE EVER HAD ANY IDEA IT WAS…WHAT I CAN TELL YOU NOW IT THERE IS NO BACK DOOR…MOST OF WHAT EVERYONE IS PUTTING OUT THERE IS ASSUMPTIONS BASED ON THEIR HOPES OF WHAT THEY THINK MAY HAPPEN…BUT IT DOESN’T…IT NEVER PANS OUT… Read more…

Iraqi Dinar Guru opinions/fiction. 9-2-2013

Iraqi Dinar Guru opinions/fiction. 9-2-2013

9-2-2013 Newshound Guru Kaperoni Article: “The prestige of the Iraqi dinar” …the right to raise the value of the dinar and international convertability falls under the CBI and acceptance of IMF Article VIII. It was clearly stated in spring 2011 that all sanctions pertaining to banking no longer exisited…though the stigma may still exist of UN Chapter VII…

9-2-2013 Newshound Guru Kaperoni I was wrong, Shabibi would not have been moving forward with his monetary reforms in 2011 and again in 2012. He simply would have stated, he cannot do anything until the remaining UN resolutions were removed. He did not. Will Iraq make the dinar internationally recognized in 2013? The key is the SFA which contains the TIFA agreement. That in itself is what hopefully will motivate Iraq to get it done. Read more…