Iraqi Dinar Guru opinions 1-16-16
Iraqi Dinar Guru opinions 1-16-16
1-16-2016 Newshound Guru Millionday Article quote: “The Iraq Finance 2016 conference gathers together all major stakeholders involved in directing the economic development of Iraq towards greater growth and stability.”
OBVIOUSLY THIS IS A HUGE FORUM PLANNED…HOWEVER — IRAQ IS PRESENTING ITSELF THE FIRST PART OF MARCH TO THE GLOBE — SPONSORED BY MANY INTERNATIONAL COMPANIES — INVESTORS-MASTER CARD — MANY BANKS — AND THE LIST IS LONG — ALONG WITH KURDISTAN IN UNITY. THERE IS ALOT OF INFORMATION OUT AND ALSO WITHIN THE BUDGET LAW — OBVIOUSLY THE INVESTMENT LAW BEING PRINTED IN THE GAZETTE AND ALSO THE WORLD BANK LOAN BEING PART OF THE BUDGET — THE AGREEMENT MADE WITH THE WORLD BANK AND IRAQ HAS BEEN MET. [could have rv before this?] I DONT HAVE A DATE BUT WITH INVESTMENT LAW AND BUDGET LAW COMPLETE — AT ANYTIME THEY WILL PRESENT THE ECONOMY AND ALL REFORMS AS ANNOUNCED.
1-16-2016 Intel/Newshound Guru Poppy3 …JUST HEARD FROM BAGDAD — ABADI TO MAKE ANNOUNCEMENT SPEECH TOMORROW [SATURDAY] TO THE COUNTRY. NO DETAILS ON WHAT HE WILL SAY. FIGHTING ERUPTED THIS EVENING IN BAGDAD. PEOPLE ARE PISSED AND TIRED OF ALL THE UNFULFILLED PROMISES. MAY BE THAT THE NEW RATE IS WHAT IT WILL TAKE THIS TIME TO CALM THEM BACK DOWN. REMEMBER LAST WEEK HE PROMISED AGAIN THEY WOULD SOON HAVE MORE BUYING POWER . PRAY THIS TIME THAT HE FOLLOWS THROUGH WITH ACTION AND NOT JUST WORDS .
1-16-2016 Newshound Guru Kaperoni Article: “MP…Maliki the Iraqi economy is now in a real crisis and it is not possible to raise the value of the Iraqi dinar against the dollar” IMO this is a great article because even though they can’t at this time, they are confirming (of sorts) that the plan is to raise the value of the dinar…to have them refer to it stating “raising the value” is complete confirmation. This is the year of currency reform. To much on the line to let to drag on. With the IMF and MoU/trustreeship it will get done. From there..we will just have to sit back and watch it rise as the investment boom begins.
1-16-2016 Newshound Guru Adam Montana [What is really the hold up?] The “hold up” hasn’t changed…it’s the same thing. The CBI has to be able to maintain control of the exchange rate, and the same factors will always come into play. They are doing it right, and I respect them for taking their time (even though I’d like to have been DONE with this discussion years ago!).
1-15-2016 Newshound Guru Enorrste What is clear to me from this article is that there will be a disorderly exit from the fixed exchange rate. The CBI has let this go too far, even to the point of reducing its reserves by nearly 30% in an attempt to control the market rate at or near the official rate. The reason that the IMF has been allowed to enter into this situation is due to the fact that the CBI (without Shabibi) has no idea how to solve the problem, especially with the lower price of oil and the ISIS crisis sucking up their funds. The arrival of the IMF as trustee over the CBI is a clear indication to me that my prior statement is fact. The CBI is at a loss to know what to do. However, the IMF has a clear vested interest in the success of this process of democratization in Iraq. I believe that the die is cast in that sense: they will not let Iraq fail.
1-15-2016 Newshound Guru Enorrste Having said that, however, I don’t believe that the IMF is a whole lot more savvy than the CBI in terms of control of the situation. They have as much as admitted that the low oil prices and the ISIS situation have exacerbated…the situation to the point of crisis. Still, they have also clearly laid out a plan which…is forthright and direct… Therefore, it is my opinion that we will see a disorderly exit from the fixed rate regime to a floating rate regime in the near future. It will not be a surprise to me to see the initial reaction from the market to be a drop in the value of the dinar. This drop will be precipitated by a lack of confidence rather than the fundamentals, in my view. However, within a short time it will become evident that the dinar is well backed by reserves and the process will reverse itself.
1-15-2016 Newshound Guru Enorrste While the situation is tenuous, to say the least, it is my firm view that we are almost at the point of a disorderly exit from the fixed rate. Once that happens there will be a temporary fluctuation, most likely down initially, in the value of the dinar, followed by a rise commensurate with the underlying value of the currency. I am currently prepared to buy dinar. I will do so at the advent of this change, whenever it occurs, irrespective of the price of oil or the ISIS situation. I was a commodities trader in the middle to late 1980s and I learned at that time that the wise person buys at the bottom and sells at the top. When all others panic and are ready to bail out, I will do just the opposite. Put another way, it is always darkest just before the dawn. This is not a recommendation on my part by any means. My decisions are mine alone. Others will do what they will based on their own analysis and financial conditions. All I am saying in this post is that, in my view, this sucker is about to move. It is very dark right now. So be it. Having said that, there are people all over the world waiting for the dawn.
1-15-2016 Newshound Guru rcookie Quote: “IMF agrees to Iraqi economic programDirect” IT IS IRAQS REPORT CARD OF ECONOMIC & FINANCIAL POLICY SINCE THE AGREEMENT OF IMF MONITORING & OVERSIGHT…WHAT THEY HAVE DONE…ARE DOING..AND TASKED TO DO GOING FORWARD… THE END OF FEBRUARY…IS ONE OF THE REVIEW INTERVALS FOR THE IMF OVERSIGHT PANEL TO MAKE SURE THE IRAQIS HAVENT STRAYED AWAY FROM PROGRAM AND ECONOMIC COMMITMENTS…AS A MATTER OF FACT THEY HAVE PRE-DELIVERED (EARLY) ON THE MAJORITY OF THEIR MANDATES…AML LAWS…IAS IMPLEMENTATION…AND EVERY BUDGETARY MANDATE… DEFICIT REDUCTION…SALARY LADDER IMPLEMENT…3 YEAR HIRING FREEZE…NON OIL REVENUE STREAMS INCLUDING CUSTOM TARIFFS ACTIVATE (IN BUDGET). …AND WE ARE ALL THE PROUD PARENTS OF IRAQS EXEMPLARY REPORT CARD SO FAR!