Iraqi Dinar Guru opinions 1-27-15
Iraqi Dinar Guru opinions 1-27-15
1-27-2015 Newshound Guru Mailman17 ANYONE WHO THINKS IRAQ WILL ANNOUNCE THEIR CURRENCY TO THE WORLD IN AN OPEN MARKET AND LEAVE IT AT 1166 HAS A NUT LOOSE. THAT WOULD BE A SLAP IN THE FACE TO THE CBI, IMO. WHEN THEY COME OUT…THEY WILL COME OUT STRONG. OVER A 1-1 GUARANTEES DE-DOLLARIZATION WITHOUT STICKER SHOCKING THE LOCALS. A FLOAT DOES NOT DE-DOLLARIZE…PERIOD. IF THEY WANT TO GO TO A FIXED AND MANAGED RATE TILL THINGS SETTLE…THEN LET THE DINAR BE MARKET DRIVEN…FINE…THATS SOUNDS MORE LIKE A PLAN THEY CAN MAKE ADJUSTMENTS WITH DAY TO DAY…EITHER WAY THE PRINT TELLS US THEY ARE READY TO MOVE AND IT LOOKS LIKE BY FEB 1 COULD BE OUR WINDOW. AS ALWAYS, JMO.
1-27-2015 Newshound Guru Millionday THEY ARE EXPECTED TO VOTE ON BUDGET ON THURSDAY “…the parliamentary Finance Committee announced today that the parliament session next Thursday will vote on the budget bill…” THIS IS ANOTHER STATEMENT SAYING THURSDAY IS BUDGET VOTE DAY. THE HCL IS GOING ALONG VERY QUICK FINALLY — I REMEMBER A TIME THEY THOUGHT IT WAS DONE — THE NEXT SESSION MAY HAVE THE HCL WITH ITS AGENDA. [when is there next session…Thursday?] YES I BELIEVE IT IS BUT THEY HAVE STEPPED UP THEIR SESSIONS SO IT COULD BE SOONER…
1-27-2015 Newshound Guru Aggiedad77 Article: “Will approve the financial budget for 2015 on Thursday” With optimistic expectations some are saying the budget will be approved on Thursday….the deficit appears to have been reduced to 21% from what they are also saying…..can’t wait to see what this will bring.
1-27-2015 Newshound Guru Chattels IF THE BUDGET ARRIVES AT PARLIAMENT TOMORROW THE NEWS SAYS WE MAY HAVE A VOTE, BUT IF NOT THEN MAYBE NOT UNTIL NEXT WEEK. I AM BEGINNING TO ASSIGN GREATER SIGNIFICANCE TO THIS BUDGET THAN YEARS PAST. INTERESTINGLY ENOUGH THERE WAS MENTION OF THE IMPORTANCE OF THE BUDGET IN DISCUSSIONS ON NATIONAL RECONCILIATION. CERTAINLY IT IS A “HUGE” BUDGET/ISSUE FOR THE KURDS, AND I DO NOT USE THE WORD “HUGE” LOOSELY. IT MAY NOT “TRIGGER” OUR EVENT, BUT OUR EVENT MAY NOT PROCEED WITHOUT IT.
1-27-2015 Newshound Guru sczin11 RE: CBI, MAJOR DETAILS COMING IN MANY VERSIONS, OF THE RELEASE TODAY ON THEIR WEBSITE, WHICH IS BASICALLY THE FINALIZATION OF THE UNANNOUNCED MEETING THEY HAD ON SUNDAY…THEY ARE TAKING CHARGE, AND MY MAJOR QUESTION IS, WHO IS RUNNING THE SHOW? I FIND IT VERY UNLIKELY, KEYWORDS (LOL), ALI MOSHIN ISHMAEL IS MAKING THIS HAPPEN…JMHO
1-27-2015 Intel/Newshound Guru Poppy3 NEWS IS FULL OF SOLID GREAT NEWS…WE WILL BE SINGING WE ARE IN THE MONEY ANYTIME NOW.
1-27-2015 Newshound Guru sczin11 I STILL AM A BELIEVER THAT THE BUDGET NEEDS THE RV TO BE EXECUTED THE WAY THEY INTEND IT TO BE…THE REVERSE TO ME IS LESS SIGNIFICANT, MEANING RV DOESNT NEED BUDGET…
1-26-2015 Newshound Guru sczin11 THE FACT IS…IT CAN HAPPEN AT ANY TIME…IT IS IN THE PROCESS, AND GOING ON… CAN IT GO PAST WEDNESDAY, OF COURSE …AS LONG AS THE NEWS RELEASES CONTINUE IN A POSITIVE WAY, AND THERE ARE NO CURVE BALLS THAT SHOW UP….WE ARE IN THE RIGHT PLACE! JMHO.
1-26-2015 Newshound Guru Aggiedad77 Article: “Parliamentary Energy reveal an alternative draft oil and gas law of former Law” The Council of Ministers is currently working on a draft of an alternative oil and gas law….one that is away from the original draft which they say was full of disagreement and problems…in typical Iraqi rhetoric they are saying the new draft will be presented to Parliament in coming sessions…soon…we shall see…maybe it will get ignited later this week if the budget gets passed and is out of the way.
1-26-2015 Newshound Guru Tlar Article quote: “decided CBI, take the necessary measures to boost liquidity measures in the banking system and the simplification of foreign currency sale in order to facilitate the stability of the market and exchange rate measures.” The CBI just paved the way for the government to implement all their new programs by this move. Between the 2 million loan from the IMF and the CBI backing the government by financing the debt, the government is now free to move. The CBI announced that they have 1.5 times in reserves for all the dinar out covering every dinar 1.5 times. That is much more than they need to back their currency especially circulating currency. It’s obvious to me Keywords is on onboard and trying to help the government achieve a successful transition to a market economy or why do this? You only have to ask yourself this question. Would the bank under Shabibi, or Turki loan money or back government instruments prior to this government? The answer has to be a firm no. Both stated they would not loan money to the government.
1-26-2015 Newshound Guru Tlar Now with the CBI’s backing and support, the Abadi government should have no problem raising the funds necessary to proceed. IMO keywords is showing he is on board with this move and ready to go to the wall for the Abadi government. Another good sign IMO we are very close. One more thought. Kuwait postponed their payments in 2015 and Egypt just relaxed their debt for oil shares. Abadi is truly clearing the way for Iraq to come out of fog in 2015 and quickly participate in a successful 2016. The pass he just made, visiting all the countries he just visited, IMO he was selling oil attempting to gain new markets and increase existing markets, and making sure that those countries were on board to shortly accept the dinar in trade. It is of benefit to all their trading partners to now accept the dinar, and shortly they will. Abadi is a very smart guy.
1-26-2015 RUMOR Guru Everything is still within the window and ready. Iraq is finalizing their checks. The USA is in a wonderful state and it’s “let’s go.” Everybody got back in town and more paper work was signed. Parliament announced via TV they are ready for the economic reforms “like the CBI.” My understanding is there were quite a few meetings yesterday and teleconferences this morning. Those all came back with green light. This is what we are receiving, but things can change. But my expectation is that it won’t. Rates are still on the cards are 3.58. Still will be in the mid-3’s. Everything is beautifully lined up…
1-26-2015 Newshound Guru Enorrste …within the next 30 to 60 days we will see the beginning of the rise in the value of the dinar. I don’t expect a major announcement, however. Instead, I believe the street rate will come down to the official rate and then pass it, at which time the CBI will either “ratchet” the official rate on occasion to keep pace with the rise in the street rate value, or, more likely, make an official change in the exchange rate regime to link the street rate and official rate, thereby initiating the float. After that, some months probably, they will move to Article VIII. At that point the investment will substantially increase into Iraq, even beyond whatever Abadi is able to get started from last weekend’s conference, since Iraq will be playing in the ‘big boy” ballpark under the same rules as the rest of the world. I am quite optimistic, in case you did not notice!
dinarguru
