Iraqi Dinar Guru opinions 1-11-15

Iraqi Dinar Guru opinions 1-11-15

1-11-2015 Newshound Guru Millionday Article quote: “the opening of the Saudi embassy in Baghdad soon to be “in a sign of the return of the two countries after the formation of the new Iraqi government.” AFTER 25 YEARS THEY ARE REOPENING THEIR EMBASSY. Quote: “The Ministry is responsible for the organization of exhibitions in Baghdad and the provinces and the arrival of British companies; for the establishment of specialized exhibitions to display and sell products” [this is such a big announcement… its not like some small minor country wants to trade with Iraq…this represents the UK!] HUGE NEWS — COUNTRIES ARE READY TO DEAL WITH IRAQ — WHOLE COUNTRIES — NOT JUST ONE AND NOT JUST TWO — THEY HAD STATED MONTHS AGO THAT THE GLOBE IS RELYING ON IRAQ AND THE RETURN OF MARKET. THE BUDGET IS NOT DONE AND THE LAST DAY IT CAN BE IS MONDAY.

1-11-2015 Newshound Guru Enorrste [I think I heard you say …that as soon a the float begins, you will run out and buy more dinar. Do you think that enough people doing that could further increase the value of the dinar — even before the passage of banking and investment laws leading to the passage of Article VIII (and of course improvements in security)?] the short answer is: YES.

1-11-2015 Newshound Guru Tlar The CBI has only to cover “CIRCULATING CURRENCY” period. The currency you hold and I hold and people like us around the world is “NON CIRCULATING CURRENCY”. Why? Because it is not accepted anywhere and you don’t live in Iraq. The dinar sitting in vaults around the world in central banks is “NOT CIRCULATING” either. According to the IMF it too is not considered in this equation. What is considered by the IMF is “CIRCULATING CURRENCY” and that is the currency being used in Iraq whether in a bank account or otherwise…So out of the 35 to 40 trillion dinars let out by the CBI, how much is CIRCULATING still?

1-11-2015 Newshound Guru Tlar The CBI won’t publish that number but in Jan of 2012 Saleh let a little of the cat out of the bag. He stated early in 2012 that there were only 4 trillion “circulating” which indicates that the rest is “NOT CIRCULATING”. That was in the first part of 2012 and we know from the auction numbers that since then CIRCULATING DINARS have been reduced. So what can we gather from this? We might assume that today we have less than 5 trillion dinar “CIRCULATING” and that the rest lie in investor hands such as you and I, and with central banks around the world and that this currency is not “CIRCULATING” and is not to be considered in what Iraq’s reserves must cover. This would affect what Iraq’s currency is valued at exponentially IMO.

Fact check, “circulating currency” takes into account EVERY dinar that is not in the CBI vault, that is fact. Every Dinar that the CBI will be required to “exchange” is accounted for. I posted an article a few months ago that states there are about 40 trillion dinar and it also added that the CBI retained about 50%, you could make an educated guess that there is about 20 trillion that the CBI is responsible to “cover”. I will search for the article and try to post it again, is was a great article. If the article is accurate in its numbers, then an RV would be a total wash for the CBI, IE: If they have to “back or cover” 20 trillion Dinar, and they hold 20 trillion Dinar, they are raising the value of the dinar by the same amount that is “in circulation”. I hope I explained that adequately.

1-11-2015 Newshound Guru Aggiedad77 This has to be the first time since at least 2006 that “security and stability” of an Iraqi government can seriously have any meaning at all…when the leadership can actually put coherent thought processes together that create unity…one can easily see how security and stability would tend to follow…they have….IMO…pushed the can down the road in a proactive manner…since Sept 8, 2014…look for the steam to pick up I believe in this first quarter of 2015…a strong GOI…and Parliament…something I would have not thought possible from Iraq just a year ago.

1-11-2015 Newshound Guru Chattels Article Quote: “The President of the House of Representatives, Salim al competent parliamentary committees to hold meetings with stakeholders to discuss the budget for fiscal 2015 to be next Monday, the last day to complete the discussion of the budget to allow the Finance Committee for study and preparation of the final wording before the vote…” i continue to believe that the discussion and amendment to the budget will result in a final revision and vote four days after the final reading…such may be as early as Monday which makes a vote possible on next weekend, the 17 / 18th.

1-10-2015 Newshound Guru Enorrste …we recently read an article that stated that the Parliament had found $200 billion in Iraqi funds that had been stolen and were now located in banks around the Mideast? That is the money that Maliki stole. As long as Keywords is in control of the CBI it is not likely that they will act to recover the funds, irrespective of Parliament. However, if Shabibi were to get back in as head of the CBI, then not only will the funds return to Iraq (which will be HUGE), but it will also point the finger directly back to Maliki, who will then be prosecuted. This, then, is the real reason that Maliki is trying to get Shabibi back into hot water: he can’t afford to have him come back to the CBI for the reason just stated.

1-10-2015 Intel/Newshound Guru tman23 The “renovations” are not at the ISX but rather “bank payment systems”…So those who invest in the ISX will be transferring money, exchanges etc…and how this is done or calculated is the “change”…it is the signal for “international” about to take place.

1-10-2015 Newshound Guru sczin11 REMEMBER, OIL WAS $32/BARREL WHEN THE RATE WAS $3.22! ALSO I ASK, WHAT IF THE BUDGET WAS APPROVED AT A MUCH HIGHER RATE, AND MID YEAR OIL FELL DRASTICALLY? WOULD THE COUNTRY SHUT DOWN AND IMPLODE? UNDERSTAND MY OPINION HERE? [THE ONE THING THATS NOT TAKING INTO CONSIDERATION IS WHEN IT WAS 3.22 AND OIL WAS 32.00 A BARREL THEY WERE NOT TRYING TO REBUILD THE COUNTRY FROM WAR.] CORRECT, AND THEY ALSO WEREN’T PUMPING WHAT THEY ARE TODAY, AND DIDNT HAVE THE WORLD SUPPORT THEY HAVE TODAY, AND HADN’T FOUND GAS THEY HAVE TODAY, AND DIDN’T HAVE GOLD LIKE THEY HAVE TODAY, FOR STARTERS.

1-10-2015 Newshound Guru Enorrste …moving to a floating currency, in the short run, will not change a thing. It comes out at 1166 to 1 and is now a world-recognized currency. Within Iraq there will be no change at all, initially. However, over time (and this is the most important fact…) investment will come into Iraq that will improve the lives of the people. As the investment improves the lives of the people the value of the dinar will rise… Add to that international speculation in the dinar and it will rise even higher. At that point, imports into Iraq will become cheaper, not more expensive. This means that the influx of imports will improve the lives of the people of Iraq…! There is no way, and I emphasize, NO WAY, that moving to a float will destroy the dinar. Just the opposite will occur: the dinar will rise in value.

1-10-2015 Newshound Guru Enorrste With respect to opening at 1 to 1… Just as it is impossible to RV at $3.50 it is also impossible to RV at $1.00 per dinar. It would destroy the economy of Iraq because, overnight, their money supply would be $40 trillion! That is larger than the entire money supply in the world. It won’t happen. Similarly, if they LOPped…then there is no benefit whatsoever to the Iraqi economy and …would make no sense at all. A LOP would do nothing good for the value of the dinar. It is “revenue neutral” and the CBI is and has been on record for years that the goal is to “restore the value” of the dinar to what it was in the late 1970s. The LOP will not accomplish that, and it is not in the cards…it just isn’t happening.

1-10-2015 Newshound Guru Aggiedad77 …what we are seeing is a worthwhile process by the Parliament, they are being very thorough in their discussion of the budget and its process…they meet again on Monday making final recommendations to the Finance Committee on any final wording changes…then a vote…I suspect the vote will be next week sometime…the main sticking point..of course has been the concern over the price of oil and what its future holds for Iraq.

dinarguru