Iraqi Dinar Guru opinions 1-13-16
Iraqi Dinar Guru opinions 1-13-16
1-13-2016 Intel Guru Delta There is nothing wrong with this devaluation of the dinar…there’s a difference between the street value and the value within the CBI which is exactly one of the two compliances of the IMF in order to lift Article 8…The Finance Committee has CONFIRMED the presence of a project to reconsider the dinar exchange rate with the dollar with the government and the CBI…that is big…the CBI and the GOI together…that is a big step… understanding we got to do something about our exchange rate …this is HUGE for them to admit yes we are devaluing…we are devaluing because we are forfilling the IMF regulations of what we have to do. Look only the CBI and the IMF knows the date and the rate.
1-13-2016 Newshound/Intel Guru BGG [Guru wmawhite: “Can you believe that very possibly within the next few weeks…all of you may have an entirely different life because your this investment may have come to pass.”] could be more like 7-10 days…
1-13-2016 Newshound Guru wmawhite Can you believe that very possibly within the next few weeks…all of you may have an entirely different life because your this investment may have come to pass. From what we are seeing everyday, we have reason to believe that this is coming to us.
1-13-2016 Newshound Guru Kaperoni Press Release: “IMF Managing Director Approves a Staff-Monitored Program for Iraq” Here is something really key…from a chart on page 32. The CBI was suppose to accept Article VIII in 2012! That was exactly when Shabibi was run off. “October 2012 Article VIII acceptance” Over 3 years behind schedule! Quotes: “19. The government will maintain the Iraqi Dinar’s peg to the U.S. dollar…” “20. …Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions…” IMO, though #19 says…”maintain the Iraqi dinar’s peg to the U.S. dollar” I do not believe that will be the case once they have moved to Article VIII…since this move will invite investment to Iraq (open the door to the new wild west of investment), it will create inflationary pressure. As a result, the dinar must float to compensate. In any event, once they are in Article VIII, the pressure created on Iraq’s economy, will cause the dinar to rise in value (Balassa Samuelson effect)…so we should be very optimistic and excited that Article VIII appears to be coming this year.
1-13-2016 Intel/Newshound Guru tman23 We know that the optimum time for Iraq to lift the 3 zeros was at the start of the New Year (and this was in ink from Shabibi a few years ago). We know that lifting the 3 zeros deals with a new system of accounting…We have seen articles that the banks have been instructed to “switch over”. The GOI was h^ll bent on getting the 2016 Budget passed before the New Year…AND now has slow walked it to being published in the Gazette. Make no mistake that “most likely” the process to lift the 3 zeros is in motion and being used in internal accounting processes. This Sunday we should see some positive affirmations…IMO.
1-13-2015 Intel Guru Frank26 Yesterday the Prime Minister from Vietnam spoke about his currency…he said the move is only one of several measures to strengthen the role of the VN currency and steady the forex market…we are going to float…free like a bird…so what happened last week…the VND had two increments of growth…this is what a free float is all about…You know why else VN is doing the free float…well it is because we are trying to lift the 000’s from the streets…and you are worried the value is going to go down…I suppose you think the value of the IQD is going down too…NAM and many other countries are doing their own currency reforms…NAM is doing the same thing as Iraq…we know.
1-12-2016 Newshound Guru rcookie THEY HAVE MET EVERY SINGLE IMF & WB MANDATE TASKED TO THEM…AML & INVESTMENT LAWS…SALARY LADDER AND REGRADING…SUBSIDY CUTS…DEFICIT REDUCTION…TARIFFS IMPLEMENTED…NON OIL REVENUE STREAM FOCUS…THE ONLY THING MISSING IS MONETARY REFORM
1-12-2016 Intel Guru Frank26 You know those coins that came out and everyone is calculating…this was that price and that was that price…STOP IT…no one knows the date or the rate…they are not going to give you the variables that would allow you to calculate these things…your calculations…they have nothing to do with a rate…they are for two things…Number 1….they are for SECURITY… because they are working on SECURITY at the CBI and they are not working on the MR because they have turned in their homework and that homework is being graded by the IMF…the second thing…it is the lifting of the 000’s…again with the lifting of the 000’s…they will always lift 000’s up until the last second…it is the proper bookkeeping for them to do.
1-12-2016 Intel Guru SteveI […if a 100 dinar gold coin is worth @ $582 after rv, that’s a exchange rate of @ $5.82…If my math is right.] Your math is correct for this coin only and has nothing to do with the value or future value of their currency. This is a collectors item only! This coin will hold the value according to the gold index period.
1-12-2016 Newshound Guru OOTW WE HAD SEVERAL PRESS RELEASES TODAY – MOST NOTABLY, THE MINISTRY OF TRANSPORT, ANNOUNCING THE LAUNCH OF THE PORTS IN ACCORD WITH THE CONSTITUTION TO LAUNCH THE PRIVATE SECTOR – AND BY PROXY, TARIFFS! THESE ANNOUNCEMENTS SUPPORT ABADI’S ANNOUNCEMENT, VIA THE PM SITE, TO LAUNCH ECONOMIC REFORMS! ALSO TODAY, THE JUDICIARY ANNOUNCED THEIR SUPPORT OF THE INTEGRITY COMMISSIONS FIGHT AGAINST CORRUPTION! …THESE AND OTHER TOPICS…SPEAK TO FORWARD MOVEMENT FOR THE ECONOMY AND MORE NEWS INDICATING CHANGES IN IRAQ’S MONETARY POLICY. THE ECONOMY IS COMING TOGETHER! TRADE IS AT THE CORE AND THESE MOVEMENTS ARE WHAT WE NEED TO SEE!
1-12-2015 Newshound/Intel Guru BGG [With the exception of the gold coins. What is the biggest news story of the week and why?] The biggest thing to me – in this whole budget thing…they don’t seem to be afraid of spending A LOT more than they have coming in…what do they know that we don’t?
1-12-2016 Intel Guru SteveI “no intention to amend the dinar exchange rate and that what is declared by the otherwise from any person or entity has not considered particularly after it has been installed price in the budget agreement with the Government and the International Monetary Fund.” Iraq has developed a master plan and you will be amazed when you find out how they are going to accomplish this…just let Iraq (CBI) and the IMF execute this plan after the security of the country is under control. Everyone will benefit.