Iraqi Dinar Guru opinions 1-30-15
Iraqi Dinar Guru opinions 1-30-15
1-30-2014 Newshound Guru Breitling You should be looking at the note count and be jumping up and down…Dr. Shabibi kept talking about reducing the note count by 70%. Right now they have 100 Billion of reserve wealth. The debate is watching the CBI, MOF and MOP and trying to figure out the timing…that’s debatable…that’s pure speculation. I have so much faith in this investment…their target rate is 1.13 to 1.16 at first and then they will go to $3.00. It’s got to get there first…I see it coming it at .35 to .45 and then getting it to a dollar. They can get to a dollar in a snap…they are doing that to control it. Then it will be a different ballgame to get to $3. I think this is coming down very very soon. This is my best guess. They are reducing their note count and every time a country reduces their note count the value of it’s currency goes up 100% of the time.
1-30-2015 Newshound Guru Adam Montana [Isn’t the dinar back by gold…and not oil?] the answer is “neither”. The dinar is a fiat currency that is backed by nothing more than the CBI’s willingness to pay a certain rate for it. Right now, they are paying $1 for every 1164 IQD. When they say “we are now paying $1 for every 10 IQD”, that is the RV and it is backed by the CBI.
1-30-2015 Newshound Guru Aggiedad77 IMO….Do not put a great deal of worry…into what is or isn’t in the budget. Iraq is proving they are a force to be reckoned with…they will not be held down much longer I don’t believe. I believe time is our friend…we shall be watching how things blossom from this point.
1-30-2015 Newshound Guru Tlar Anyone knowledgeable about economic investments knows that half of the success of a given investment is timing. I would be surprised if they ignore the timing altogether and go back to business as usual. Just as the Abadi government’s credibility was at stake in getting this budget passed, I believe the CBI’s credibility is now at stake on their program to delete the zeros. Do it or shut up about the deletion of the zero program. Their citizens have to be more tired than we are hearing, hearing and then hearing again about a future better life and bringing purchasing power to their currency. Somewhere this has got to come to fruition and the timing says that’s now. Timing is everything. To drag this out another year would kill the momentum they have achieved IMO.
1-30-2015 Intel Guru Jester [do you know what will be the next move after all this is said and done once the Budget is signed off?] NOT TO POINT OUT THE OBVIOUS BUT THEY DO THE BUDGET EVERY YEAR AND THE SAME SCENARIO HAPPENS EVERY YEAR… I AM NOT SAYING IT HAS NOTHING TO DO WITH ANYTHING… I AM SAYING IT IS NOT THE DRIVING POINT…I WILL TELL YOU THIS…THINGS ARE LOOKING PRETTY GOOD… NOT BECAUSE OF THE BUDGET… THERE IS ONE THING THAT NEEDS TO HAPPEN… STILL WAITING… BUT CAUTIOUSLY EXPECTANT. I WILL TELL YOU SOMETHING ELSE…THE SOURCE TOLD ME AFTER THE 15TH…AND I HAVE ASKED AND ASKED…WHAT IS THE NEW DATE…THEY SAY…YOU DON’T NEED A NEW ONE. ANOTHER VERY GOOD SOURCE TOLD ME…LAST WEEK I WAS TOLD IT WOULD BE THE END OF NEXT WEEK…AND TUESDAY THEY UPDATED…NO CHANGE IN SCHEDULE.
1-29-2015 Newshound Guru Millionday WE HAVE A BUDGET. SO NOW IT HAS TO BE SIGNED BY THE PRESIDENT AND THEN PRINTED IN THE GAZETTE — WHICH BOTH CAN BE DONE AT ANYTIME…WHEN IT IS POSTED IN THE GAZETTE IT IS ACTIVATED BECAUSE IT IS LAW AT THAT POINT. [when do you project the budget to be printed in the gazette?] THE PRESIDENT HAS 15 BY THE CONSTITUTION BUT HAS HELD PARLIAMENT WORKING AROUND THE CLOCK SO I WOULD THINK THAT HE IS NOT TAKING THAT LONG DUE TO THE OBVIOUS HURRY WE HAVE WITNESSED FOR THE FIRST TIME EVER — AND IT IS PRINTED RIGHT AFTER HE SIGNS IT.
1-29-2015 Newshound Guru Millionday [when the budget is moved to the gazette, we will see the figures?] THE FIGURES THAT THEY HAVE NOW ARE AT THE CURRENT RATE AND PURCHASING POWER WITHIN THE COUNTRY — SO ANY DATA ENTRY TO CHANGE THIS WILL BE SEEN THROUGHOUT CBI — ISX — AND ANY OTHER PLACE THAT THE DINAR IS APPLIED. NOT ONLY HAVE THEY VOTED ON THE BUDGET BUT MANY THINGS AND THIS IS ONE OF THEM —- THEY VOTED TO INSTRUCT THE MINISTER OF PLANNING AND FINANCE TO PROVIDE THE FIGURES FOR THE BUDGET — VERY STRANGE ANNOUNCEMENT WITH THE BUDGET HAVING FIGURES WITHIN IT — HMMMM, OBVIOUSLY THE PLAN MUST HAVE FIGURES IN IT… SMILE.
1-29-2015 RUMOR Guru TerryK JUST GOT OFF THE PHONE WITH A SOURCE, STILL WAITING VERY VERY EXCITED…WATCHING FOR THIS AT ANYTIME. WE ARE NOT LOOKING AT NEXT MONTH OR NEXT YEAR WE ARE AT THE DOOR LOOKING THRU IT… WE ARE THERE…WILL NOT BE ANY MAJOR ANNOUNCEMENT… JUST A CHANGE…CBI SUNDAY MORNING MAYBE, ISX…WE ALL ARE SPECULATING WHERE.
1-29-2015 Newshound Guru Kaperoni …passing the budget does support the economy and will provide funds for salaries, expenses, etc. It is a good thing. But it is not a “ticket” or a prelude to a RV or anything else related to the dinar. People are way over excited over something that means very little to us as dinar investors. When they start passing the stalled economic and banking laws…then we should be watching close.
1-29-2015 Newshound Guru Mailman17 I SEE THEY HAVE THE BUDGET KNOCKED OFF THEIR LIST AS WELL AND THE 17% TO THE KURDS. I JUST WANT PEEPS NOT TO BE ALARMED THAT THE BUDGET IS STILL IN TRILLIONS. THE FACT THEY HAMMERED THIS OUT IN JAN IS A FIRST. THE BUDGET CAN ALWAYS BE ADJUSTED BY THE STROKE ON A KEYBOARD TO REFLECT THE RV. SO DONT WORRY ABOUT THAT. IMPLEMENTATION OF QUITE A FEW THINGS IN THAT BUDGET NOT TO MENTION, ISX INFO SAY THEY WILL HAVE TO HAVE A REALITY RATE. LOOK AT PAST NEWS AND REMEMBER WHATS ENTAILED FOR IRAQ TO SUCCEED…A STABLE, RECOGNIZED AND VALUED DINAR. AS FAR AS IMF GUIDELINES…IMO…THEY DO NOT APPLY IN THIS MATTER. EVEN UNDER ART 4 CONSULTATION BACK IN 2013, NO WHERE DID IT SAY IRAQ MUST FLOAT…PERIOD. THE IMF AND THE CBI WILL ASSIGN WHATEVER RATE THEY FEEL IS SUSTAINABLE FOR IRAQ TO SUCCEED AND A FLOAT FROM 1166 IS NOT AN OPTION. PERIOD…JMO.
1-29-2015 Newshound/Intel Guru Randy Koonce The Iraq budget was passed today but, that does not mean that they will RV their currency tomorrow or the next day. It is another pressure point being put on those causing the delay of the RV. It was a necessary step before completing the RV but, Iraq has had budgets passed in later years and still did not revalue their currency. Things are still looking good , just remember to…BREATHE.
1-29-2015 RUMOR Guru TerryK BUDGET READ, APPROVED, VOTED ON AND APPROVED…GOES IN PAPER SUNDAY…ALREADY ANNOUNCED. THE BIRDIE IS TELLING ME WE MAY SEE THIS TONIGHT INTO TOMORROW. SOURCE… ADVISED THAT THIS CAN HAPPEN ANY MOMENT AND THAT THE POSTING WILL HAPPEN SUNDAY IF NOT BEFORE. VERY EXCITING TIME.
1-29-2015 RUMOR Guru ACCORDING TO SOURCES WE JUST MAY BE FINALLY AT THE CONCLUSION OF THIS LONG JOURNEY. AS I AM SURE EVERYONE HAS BEEN FOLLOWING THE NEWS CLOSELY AND AWARE OF THE ACCOMPLISHMENT’S MADE RECENTLY IN IRAQ. THE U.S.A. AND IRAQ HAD TO OPERATE IN CONJUNCTION WITH EACH OTHER TO FACILITATE ANOTHER COUNTRY’S FINANCIAL BACKING. IT IS MY UNDERSTANDING ISSUES RESOLVED YESTERDAY COMPLETED THIS AGREEMENT WITH THE FUNDING ENTITY. ALSO ISSUES OF A TECHNICAL NATURE WAS SOLVED YESTERDAY AS WELL. THE ACCOMPLISHMENT IN IRAQ TODAY I BELIEVE WAS THE FINAL ISSUE TO BRING TO FRUITION WHAT WE HAVE BEEN AWAITING.
1-29-2015 Newshound Guru Stryker THE BUDGET PASSED TODAY ALONG WITH ALL THE PROVINCES OIL DEALS AND MUCH MORE. THE CENTRAL BANK POLICY REFORM INSTRUMENTS WERE PASSED TODAY AS WELL – THESE WILL CHANGE IRAQ FOR EVER. THE PARLIAMENT VOTED TO LIMIT THE SALE TO $75 MILLION DOLLARS A DAY IN THE DAILY AUCTIONS. THE VOTE AND APPROVAL TO IMPLEMENT ALL GOVERNMENT PROJECTS – LAWS WILL PASS PARLIAMENT IN NEXT SESSION. A $56 PER BARREL OF OIL WAS THEIR BUDGET AMOUNT. TAXES ON WATER, CELL PHONES, CARS, CIGARETTES AND MUCH MORE WERE APPROVED IN THIS YEARS BUDGET – COST OF LIVING GOES UP FEBRUARY 2, 2015 SO SHOULD THE PURCHASE POWER OF THE DINAR.
1-29-2015 Newshound Guru Stryker THE BUDGET WILL BY PLACED IN THE GAZETTE AND IMPLEMENTED SATURDAY 1/31/2015. ALL SIGNS POINT TO THE LAUNCH OF ALL REFORMS UNDER THE LEADERSHIP OF PM AL-ABADI. IF ALL PROJECT GET IMPLEMENTED INCLUDING THE CUSTOM TARIFFS WE COULD SEE A MONETARY CHANGE TAKE PLACE ON MONDAY 2/2/2015, IF THE CUSTOM TARIFFS ARE DELAYED THEN IT MAY BE THE FIRST OF MARCH BEFORE WE SEE A CHANGE IN THE STRUCTURE OF IRAQ’S MONETARY POLICIES – MAYBE NOT BUT ONE THING IS FOR SURE, WE WILL KNOW ON MONDAY.
1-29-2015 Newshound Guru My Ladies FINALLY JUST NOW AT 1PM EST THE FINAL VOTE OF THE BUDGET. THEY VOTED IN EACH ITEM LINE ITEM BY LINE ITEM… NOW WHAT ON EARTH DOES THIS MEAN FOR US? WELL [GURU] NOVA AND I ARE MAINTAINING THEY CAN NOT PROCEED WITH OUT AN INTERNATIONAL CURRENCY. RIGHT NOW IRAQ IS CLOSED FOR BUSINESS UNTIL SATURDAY MORNING. SO WE WILL WAIT AND WE WILL WATCH WHAT HAPPENS…KEEP IN MIND THAT KUWAIT REINSTATED THEIR CURRENCY AT 4:17PM EST ON A THURSDAY AFTERNOON. I AM VERY CONFIDENT THAT WE WILL ALL BE HAPPY VERY SOON.