Iraqi Dinar Guru opinions 10-22-14
Iraqi Dinar Guru opinions 10-22-14
10-22-2014 Intel/Newshound Guru Poppy3 …BACK WHEN THE PARIS AGREEMENT WAS MADE MANY OF ALL THE COUNTRIES, USA, CHINA, VN, FRANCE AND MANY MANY MORE ALL AGREED AND FORGAVE LARGE % OF WHAT THEY WHERE OWED. THEY THEN AFTER FORGIVING LARGE AMOUNTS, SOME REPORTED AS MUCH AS 60% OF DEBT, THEY TOOK DINAR FOR THE BALANCE WITH THE UNDERSTANDING THAT THEY WOULD CASH IN POST A RATE CHANGE…THEY WERE NOT PLANNING OR EXPECTING A ONE TO ONE RATE…THEY KNEW THE PREVIOUS VALUE OR MORE. THIS IS ANOTHER AND PERHAPS THE BEST ARGUMENT THAT THE RATE WILL BE VERY GOOD FOR ALL OF US.
10-22-2014 Intel/Newshound Guru Poppy3 THERE WILL BE THREE RATES ACCORDING TO TALKS WITH REGIONAL BANK PRESIDENT OVER A YEAR AGO AND HE WAS IN CHARGE OF 15 MAJOR BRANCHES OF THE BANKS. HE SAYS THERE WILL BE A CBI RATE, THEN THERE WILL BE A US BANK RATE AND SAME FOR ALL AND ONLY SLIGHTLY 1 TO 2 % MORE THAN CBI, THEN THERE WILL BE A UST RATE AND THAT WILL ONLY BE AVAILABLE TO THE BANKS. IT WILL BE FROM 1 TO 8% MORE THAN THE BANK RATE YOU AND I WILL RECEIVE. THIS IS WHERE THE BANKS WILL MAKE MILLIONS AGAIN PROVIDING RECOVERY FOR MANY OF THEM.
10-22-2014 Newshound Guru Kaperoni Article: “A parliamentary committee: Working delete zeros from the Iraqi currency begins next year to reduce inflation” Quote: “that the deletion of zeros from the Iraqi currency will be working by next year,” This sentence implies that this is a process rather than an event… Here is the IMF statement on Iraq…”In the medium term, staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect, to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.”
10-22-2014 Intel Guru Frank26 Articles…referring to the three 0’s to be deleted from the currency in 5 years…the article states the three 0’s are being deleted from the currency, not from the rate; The three 0 notes will coexist for at least 5 years with the new currency; understand the difference in lifting the three 0’s from the rate vs lifting the three 0’s from the currency – the articles refer to lifting the zeros from the currency…
10-22-2014 Newshound Gurus Bondlady & tlm724 Article quote: “the committee is trying to formulate a new law has the consent of all the political blocs to be passed and voted on during the current parliamentary session” …ALL the things you/ we have waiting for are right on the doorstep! I am just so excited about the forthcoming days! I’ll say this, the kurds were sworn in, new HCL law in the works, Erbril agreements all about to be finalized too.
10-21-2014 Intel Guru Frank26 ITEAM’s message… “We stand firm with October…We were at the meetings…If nothing happens by the end of October, then we don’t know what…to tell you anymore because we were at the…meetings…and that is not their plan…for next year!” [ ITeam said they saw the Budget Opened yesterday. Doesn’t that mean that they used some of its funds? If that’s so, doesn’t that mean that they have already changed the rate?] IMO…Yup.
10-21-2014 RUMOR Guru TerryK THINGS REALLY SOUND GOOD ACCORDING TO THE ARTICLES. SO KINDA SOUNDS LIKE IRAQ MAY PULL THIS ALL TOGETHER AND MAKE THINGS HAPPEN REAL SOON NOW THAT A [ABADI?] IS IN CHARGE. BE EXCITED. IT’S COMING.
10-21-2014 Intel/Newshound Guru Poppy3 SOUNDS LIKE THE LIFT THE ZERO’S PROCESS IS STARTING NOW AND THEY EXPECT TO TAKE UP TO 4 YEARS TO GET IT ALL OUT OF CIRCULATION. LETS GO BOYS LET HER RIP. ALSO SOUNDS LIKE A FIXED RATE AND NO FLOAT. TIME WILL TELL.
10-21-2014 Newshound Guru Enorrste Article: “A parliamentary committee: Working delete zeros from the Iraqi currency begins next year to reduce inflation” …remove the three zeros refers to the removal of the large notes from circulation and nothing else. Quote: “A parliamentary committee: Working delete zeros from the Iraqi currency begins next year to reduce inflation.” In other words, to “reduce the money supply.”
10-21-2014 Newshound Guru Aggiedad77 The articles talking about removing the 000’s in the next 5 years…I believe we are looking at something good here. They are speaking of action that intends to start with next year…being the next week or so by their calendar…and running for up to 5 years…They have long stated that they would allow new and old currency to run in tandem with one another for a period of time, and I believe they continue to say the same thing.
10-21-2014 Newshound Guru Aggiedad77 Removing old currency is not an easy thing to do, it will take time…time for it to be drawn in, though they have done quite a bit of that already, time for it to just wear out…etc…to me this is continued good news from the Iraqi’s and their new leadership. So what can we do….sit back and watch as things unfold over the next few days to a week or so…dig for evidence of new news, watch the word coming out of Iraq…watch what the world is doing to welcome Iraq onto center stage…
10-21-2014 Intel/Newshound Guru tman23 I don’t believe in an emergency RV…I believe we are witnessing the planned event that ran into mitigated circumstances directed by Iran and Maliki… I am thinking an international reinstatement with a rate of $3.48 that will show from Nov 3rd to the first of the year and then the zeros will be lifted from the notes…JMO.
10-21-2014 Newshound/Intel Guru BGG [What do you think They are waiting on?] Right now – I don’t think they are waiting on anything, I think they had a few items to get done and they are moving right forward. [So…we are waiting on the finger to reach the button…? That’s all?] Not positive – but if recent info is accurate, and it has proven as much thus far…very well could be.
10-21-2014 Newshound Guru Mountainman Just My Opinion But Seeing how The GOI is Reopening The Previous Laws from The Sadaam ERA…It makes Perfect sense that they would Also Reinstate That Rate = $3.21! That being said IMO…I don’t see any reason for The Paris Club Members/Coalition Partners To Have ANY Incentive to Hold Contracts in DINAR for their Payback for Anything LESS! Knowing that WHEN Iraq Goes LIVE w/ The ISX…The World Will FLOOD Into IRAQ Like PIGS On SLOP…Then That RI RATE Will SKYROCKET… Don’t FORGET about ALL the SKEPTICS who Are Going to Have “EGG” On their Faces…You Know the Ones Who Said “THE DINAR” Is A Scam ect…Yah then They Will Flock To Invest In IRAQ…And that Will Change Our World’s Economy In Powerful Ways!
10-21-2014 Newshound Guru Enorrste Article: “Deletion of zeros from the Iraqi currency” …how can ANYONE be contemplating that they are even considering a LOP? The simple fact is that a LOP is NOT in the cards. The IMF has stated quite clearly in the last quarterly update on Iraq that they are quite satisfied with the STABILITY of the dinar over the last several years, and that they look forward to the GRADUAL appreciation of the dinar in the near future. Turkey LOPped zeros because they had 2000% inflation. Iraq has about 4% inflation. The process, and that is what this will be, is one in which, after moving to Article 8 of the IMF charter, Iraq will allow its currency to float. The opening of its currency to the world, Article 8, will allow two things to happen: first, the influx of goods and investment into Iraq from the outside; and second, the raise in the value of the dinar.
10-21-2014 Newshound Guru Enorrste In time, beginning next year (not necessarily January 1, incidentally), it will become necessary to begin removing the large notes from circulation (remove the three zeros) as the VALUE of the dinar rises. The actual risk here is DEFLATION, rather than INFLATION, because the same dinar will become more and more valuable (the opposite of inflation). Removal of the large notes from circulation will reduce the money supply gradually as the value rises, thereby reducing the risk of deflation, as we know it, and the risk of inflation (too many dinars) as the Iraqi’s know it (too much money). Nothing has changed. The plan is about to unfold…Remember, if an RV were in the cards, then Greece would have done it years ago to get out of its little pickle. But an RV does not work. It is really just that simple. There is no free lunch. Economic growth is the only way to bring the dinar back to its pre-war value.
10-21-2014 Newshound Guru Millionday TODAY [MONDAY] IS THE DAY THAT CBI WENT BEFORE PARLIAMENT. THEY DISCUSSED CONTROLLING MONEY LAUNDERING ISSUE TRADED FUNDS — THE MONEY SUPPLY IN CIRCULATION AND THE BANKING LAWS THAT GOVERN CBI. Article quote: “al-Jubouri received today the Amir of the Islamic Group of Kurdistan Sheikh Ali Baber, and discussed with, during the meeting, the political and security situation in Iraq.” IT LOOKS AS IF ALL ISSUES ARE BEING RESOLVED BY THE KURDS AND THE IRAQIS. THIS WITH THE MEETING WITH THE CBI IS NOTHING BUT GREAT.
dinarguru
