Iraqi Dinar Guru opinions 1-14-15
Iraqi Dinar Guru opinions 1-14-15
1-14-2015 Newshound Guru Enorrste The float must preceed the removal of the large notes, because in order to remove the large notes the value of the dinar must be higher. It will take 2 to 4 years for the value to get high enough to remove all of the large notes. Since the smallest large note is 1000 dinars, then, in theory, the value would have to be at least $.20 per dinar for them to remove that note, the others having been removed prior to that time. At $.20 per dinar the 1000 dinar note would be worth $200, so they would get them all off the street at that rate. However…it is my opinion that within 2 to 4 years the value may be as high at $3.50, or more. The float can start at any time.
1-14-2015 Newshound Guru Millionday THEY HAVE MADE MANY PUBLIC AND MEDIA STATEMENTS THAT THEY ARE HUSTLING TO MINIMIZE THE DEFICIT — BUT HERE IS THE STATEMENT– “the need to have a monetary policy of the Central Bank to cover the deficit” SO MY POINT BEING THAT ONE OF THE SOLUTIONS TO THE DEFICIT IS THE NEW MONETARY POLICY — THAT IS SOMETHING TO SMILE ABOUT.
1-14-2015 Intel Guru Delta We are on the verge of a big change. Because of the oil prices, a lot of things moved faster in our direction. Some of us were thinking that they could drag this out till March or April or June of 2015 but I have to tell you that in my opinion…based on the evidence that we got…that January 2015 we might see the rate change! …all of the members of the Parliament are asking the same question…“how are we going to fix the deficit?” The financial committee assures everybody that with the help of the CBI that change is coming. The only help…the only savior that will save the GOI is the CBI – (which just happens to be working together in a coordinated way).
1-14-2015 Intel Guru Delta Budget – …Parliament met (Monday) and they did read it the 2nd time and allowed time for open discussion. Next Tuesday (Jan. 20th) they should vote on the budget. If not, it should be passed before the end of this month! And will be effective retroactive to January 1, 2015. The good news is that for the 1st time in 11 years they have a budget that will pass. …we all know it’s ready. They could vote for it on Thursday. IMO, we all know that 1166 is not going to help them at all. They have to come out very high. Because of the oil prices and the deficit…they will have to come up to $1.49 to $1.50…at the lowest at $1.00. IMO – They are going to listen to the IMF and increase the value of the IQD.
1-14-2014 Newshound Guru Chattels Article quote: “Baghdad/Al baghdadia news and. .. The parliamentary Finance Committee, confirmed Wednesday that they are continuing in meetings and meetings for the submission of the final report of the federal budget, are approaching it from a financial planning for the budget.” THERE IS NO THIRD READING THAT I AM AWARE OF. THERE IS A FINAL DRAFT BEING COMPLETED BY THE FINANCE COMMITTEE AND THEN THE VOTE. [SO THEY CAN JUST DO THE VOTE SATURDAY?] THE EARLIEST THAT A VOTE COULD BE HAD IS SATURDAY WITH THE FOUR DAY WAITING PERIOD, BUT THE REPORTS ARE THAT PARLIAMENT DOES NOT MEET AGAIN UNTIL TUESDAY, THE 20TH.
1-14-2014 Newshound Guru Millionday Article quote: “House of Representatives member Furat al-Tamimi on Wednesday passed the general budget of the country in record time to the presence of harmony between the blocks, noting that there were some differences in views on some of the paragraphs but it can be remedied” SO THAT IS GREAT NEWS. [how can they have passed the budget without the vote? THEY HAVEN’T, THEY HAVE AN AGREEMENT ON WHATS IN IT.] THEY ARE SAYING THAT THEY ARE GOING TO PASS IT AND MANY LAWS AS WELL IN RECORD OR ON TIME…THE VOTE IS BETWEEN TODAY AND TUESDAY.
1-14-2015 Intel/Newshound Guru Poppy3 …A PANEL FORMED FROM ALL REGIONS REPRESENTED THAT WERE TO STUDY THE BUDGET AND AGREE ON CHANGES. THEN WHEN THEY ALL CAME INTO AGREEMENT THEY WOULD TAKE IT TO THE FULL PARLIAMENT TO VOTE IT INTO LAW. SO IT HAS PASSED THE PANEL NOW JUST NEEDS THE VOTE TO MAKE IT OFFICIAL AND POST IT IN GAZETTE. SOUNDS LIKE GREAT PROGRESS TO ME. NEWS ON ALL FRONTS ON DINAR RATE SHOWING IS LOOKING MORE PROMISING THAN EVER. ITS HAPPENING RIGHT BEFORE OUR EYES.
1-14-2015 Intel Guru Delta Budget – how it works based on their constitution. The budget gets passed by the GOI (Council of Ministers – they vote for it). It then goes to the parliament. Parliament usually reads it 2 times (not 3) and then they have open-discussion to see if any further ideas need to be implemented. After that, they put the budget up for voting. After the parliament votes for the budget it goes right-away to the President. When the President receives the budget (according to the constitution) he has about 15 days to sign it or not to sign it. If he doesn’t sign it, we start from square-one again…but that is not going to happen that way. The President does NOT have to wait the whole 15 days to sign the budget. He can sign it right away. After the President signs it, it goes to the Gazette (which is the official newspaper of the Iraqi government. From the Gazette it takes about 2-3 days which then becomes law.
1-13-2015 Newshound Guru Aggiedad77 Am I excited…well to put it one way…YES! We are seeing the GOI and the CBI coming together…they have committee work that is going on to tweak the MR (Monetary Reform) or the ER (Economic Reform) which ever you want to call it…they are meeting, they met last week on Wednesday…The CBI is ready…but we know they have been ready for a long time. But now they are ready to do their duty…their platform is ready…they stand poised…for once…the CBI…the COM…the Parliament and even within the Parliament the Fin Committee are all stacking hands on one thing…changing the MR…is key to overcoming their economic crisis right now.
1-13-2015 Newshound Guru Aggiedad77 So what does this mean…according to [Intel Guru] Delta, they need to change the currency rate to make this MR happen to deal with the deficit they claim is in the budget…no deficit no economic crisis…Delta also believes this could happen any day…and may not drag out to the end of the first quarter. …forget the budget…the budget will change when the CBI gives the word…but the message will first come from the CBI…What are they looking for…the correct timing and the coordination with the government…the timing is coming…soon.
1-13-2015 Newshound Guru Kaperoni Article quote: “said the central bank keen on the implementation of monetary policy and invest their tools, including the Iraqi economy in general serve.” Looks like these bonds will reduce the money supply (dinar) in return creating demand for dinar and strengthening the currency value. This looks like a good way to improve the Market Rate and get the dinar in compliance with the IMF.
1-13-2015 Newshound Guru Stryker Today many articles have now come out confirming the announcement of a complete consensus of all the political blocs in the approval to the 2015 Budget for next Tuesday the 20th.
1-13-2015 Newshound Guru Enorrste Iraq has located over $200 billion in stolen funds that belong to the government of Iraq but are located in other countries. I have read articles that clearly indicate the desire of those countries to return the funds to Iraq as soon as possible. Iraq is very well managed now, with Abadi, and as soon as Shabibi takes back the CBI we will see the street rate fall in line with the official rate, reserves begin to rise again, and the plan initiated as originally stated. Just how Shabibi will accomplish this has yet to be revealed. But with $200 billion at the door I don’t think he will find it too difficult to find a solution.
1-13-2015 Newshound Guru Millionday Ariticle quote: “Committee announced the United Nations Compensation Commission, on Thursday, their consent to request Iraq to postpone the deposit of 5% of its oil revenues in compensation to Kuwait from the Gulf War , indicating that the delay will be for a period of one year…” SO THEY RECEIVED A YEAR FOR THE KUWAIT PAYMENT TO ALSO HELP WITH BUDGET. THIS WAS APPROVED FORMALLY BY THE UN. TOMORROW [TUESDAY] THE BUDGET WILL BE IN PARLIAMENT AT THEIR FOURTH SESSION I BELIEVE — THEY HAVE STATED THAT THEY WILL VOTE THE SAME DAY AS THEY HAVE PERMISSION TO EXPEDITE.
1-13-2015 RUMOR Guru Mnt Goat …we were in a good window to possibly see the RV from last Thursday thru to Sunday. I knew for a fact Iraq was targeting to go live with the Iraqi Stock Exchange (ISX) global sector and they needed to have a current global rate for the IQD or a rate indicative of a true value to their currency… You see they are desperately trying to sync up events…all trying to get Iraq completed to meet USA and UN satisfaction. …over this past weekend the finance ministry came out with a note on the ISX screen stating that trading was to be held up due to the economic reforms now in progress. …this was actually amazing news. …we now know that the RV is in fact tied to the ISX currency trading of the Iraq dinar going global. Rumor that Iraq is going to try again on Jan 15th for the global activation of ISX. They will need an RV prior. I do not see a chance in hell of this happening.
1-13-2015 RUMOR Guru Mnt Goat …with…other pending items such as article 140, the budget and still security issues with Anbar, I do not expect to see any announcement of completion of economic reforms in the near future. …there is only ONE lonely event to get Iraq back in the global international markets. This is to have the USA release the rollout… Then the rate will be live to the rest of the world. Then Iraq will join the international community. Everything else to be completed is just a matter of conjecture and political demands now being made upon Iraq. This rollout will not happen until all these demands are met. No one has a list.
Fact check, the USA cannot “rollout” any monetary reform or raise another countries currency. Iraq will do it, if and when they want to.
dinarguru
