Iraqi Dinar guru opinions 10-23-14
Iraqi Dinar guru opinions 10-23-14
10-23-2014 Newshound Guru Millionday Article quote: “The Governor of the Central Bank and the Agency confirmed that the project to delete the zeros is ready technically and logistically and waiting for the right time to implement it,” THIS IS SAYING THAT THE PROJECT OF REMOVING THE THREE ZEROS IS READY…CBI HAS BEEN IN CONSTANT MEETINGS WITH THE COMMISSION FOR THE LAST THREE DAYS ABOUT THE CURRENCY AND STATED THAT SOMETHING WOULD BE HAPPENING IN A COUPLE DAYS WITH EXCHANGES OF THE NEW BILLS OF SECURITY…SO DOES THAT MEAN ALL? WE DONT KNOW…I JUST DONT THINK THEY WORKED TO GET THIS DONE AS FAST AS THEY DID — A COMPLETE GOI AND GIVE ANY MERIT TO THESE REPORTS OUT ABOUT THE REMOVAL OF THE THREE ZEROS… I THINK THAT THEY KNOW THAT THE COUNTRY IS READY AS REPORTED BY CBI FOR THEIR BANKING REFORM AND ALL REFORMS…
10-23-2014 Newshound Gurus Bondlady & Shredd How could they bring out a even 1 to 1 with 40 trillion dinar in the streets an markets? they couldn’t, they have to remove the majority of those 1st let the dinar dry up thats in circulation 1st and many trillion will be brought back to the CBI to be destroyed right off the bat and this will begin the process of the RAISING of the zeros off the currency. raising = removing! taking out of circulation. I think the process will be pretty quick at 1st but as in all things it’ll slow down.
10-23-2014 Newshound Gurus Bondlady & Shredd the CBI says 5 years to complete the process. I don’t think it means 5 years to raise the value either. I think its meaning…and its only my opinion but itll take 5 yrs to get the rate back to either what it was before in Saddam times or to raise it higher than what it was before with the new economy growth in all things and not just oil. what’s cool about this process is we will be able to see the dinar grow in value and not just hope for an overnight surprise RV so we all will be able to decide when we want to cash out which, by the way, will jump demand in our dinar right away. IMO this is how it’ll go down I’m no economist or banker so I don’t know for a fact…but soon it’ll be a full economic power house and a force to be reckoned with, a currency reserve to be used throughout the world.
10-23-2014 Newshound Guru Adam Montana Delete the 0’s…For those of you new to this venture, this might be one of the most confusing topics of all. To keep it simple: don’t worry about these articles. They have been tossing around the topic for years, and the articles constantly contradict each other. Case in point: 1. Iraq to begin subtracting 0’s next year 2. Economic Commission to delete zeros over next 5 years: Those two articles were published within 1 day of each other, yet they say two very different things… what’s going on here?
10-23-2014 Newshound Guru Adam Montana Once Iraq starts raising the value of their currency, they will want to get the extremely large notes out of circulation. We’re seeing a lot of evidence that the currency will have the value raised, new currency of smaller denominations will be put into circulation at the same time, and eventually the larger 25,000 notes will no longer be used. One major item that says “no lop” is the rumors that the CBI is planning on releasing new notes soon. If they were going to “lop” next year, it wouldn’t make sense to do this.
10-23-2014 RUMOR Guru In Iraq, Parliament met yesterday and today, and everyone anticipated the RV hitting before then so they wouldn’t have to answer to Parliament. Everyone was on pins and needles expecting the RV on Monday afternoon. It didn’t happen. It had nothing to do with ministers, HCL, but other deals being worked in the background that have to do with Iraq, but not the RV. Iraq asked for 24-48 hours to finalize some agreements with other countries. It had nothing to do with the RV, but with security, fraud, money-laundering, etc. This could and should go at any moment. On Monday, they started putting out NEW 10,000 and 20,000 dinar notes. They have new designs with new security features, etc. These new notes do not affect our currency at all; we will still exchange at new rates, and a 25K note will still be worth 25,000 dinar. Those new notes are for in-country purposes ONLY, so everyone can relax on that issue.
10-23-2014 RUMOR Guru The US is still showing at a dollar, because we are negotiating. Every other country shows it at more than three dollars. While that is the rate it shows right now, that does not mean it will come out that way. Even if it starts at a dollar, Iraq is being told in the media and mosques that they will be the richest in the region, and Kuwait has just raised their rate. You know it’s going to be within 20 cents of the Kuwaiti rate, so you know it’s going to go up at least that far! Even if for some reason it came out at a dollar, how many minutes do you think that would last in the market? My personal opinion is that it will go on Friday. There is nothing stopping the RV, it’s all these side deals. As soon as those are done, it could go any moment. Everything is place for this to happen right now!
10-23-2014 Intel Guru Frank26 the X-screens of the ISX are being set up, linking them to international market and trading; article today states ‘Islamic banks in Iraq are about to begin a new phase openness on sophisticated banking products witnessed by international Islamic banking which included 75 countries around the world’; why now? Do we believe this is being done at a program rate of 1166? The Baghdad international fair is coming up soon, and more and more countries are coming to it, and heavily investing in Iraq; countries like Japan, Ukraine, France, etc; IMO, Iraq has qualified for article 8 and will become international again soon.
10-22-2014 Newshound Guru Adam Montana ISIS is not making headway. They are still fighting for Kobane a week later, Baghdad is still secure, and although the airstrikes are mostly a pain in the rear for ISIS… I feel like they are wearing down. I do not see ISIS as being a deterrent to the RV at this time.
10-22-2014 Newshound Guru Millionday THE ISLAMIC BANKS HAVE ANNOUNCED THAT THEY ARE EXPANDING AS PLANNED ALL THE IRAQI BANKING OUT TO THE GLOBE AT ALL THEIR LOCATIONS — THIS WILL REQUIRE EXCHANGE RATES. [So the HCL including the Article 140 is done, passed and voted on?] THEY HAVE STATED THAT THE HCL IS DONE.
10-22-2014 Newshound Guru Enorrste [via Guru Kaperoni] Article Quote: “Theory has it that exchange rate is something that evolves through development of the microeconomic fundamentals of the economy such as the rate of growth of the economy and its involvement in international trade.” This is the situation in Iraq, exactly. They cannot RV and they cannot LOP. They must “develop” their economy in order to return to the pre-Saddam value. Iraq does not want a “nightmare”.
10-22-2014 Intel/Newshound Guru Poppy3 …NOT ONE OFFICIAL THAT HAS ANYTHING TO DO WITH A RATE HAS EVER MENTIONED A 1 TO 1 RATE SO I WILL NOT CONSIDER IT TILL I SEE IT. EVERY CBI OFFICIAL HAS ALWAYS STATED THEY WANT A FIXED RATE FOR 24 TO 36 MONTHS SO I HAVE NEVER CHANGED MY OUTLOOK.
10-22-2014 Intel Guru Frank26 …it is NOW important for You to KNOW that… 1.Currency 2. GOI 3. CBI 4. Borders …are LOADED WITH SECURITY!!! This security situation in the country is LINKED to THE MR!!!! (Monetary Reform). BECAUSE it is NOW established at a USA LEVEL and DADDY’S demands …So now that there is stability in the security situation of these FOUR it will only accelerate the implementation of this LAVA FLOW project and return Iraq to the purchasing POWER VALUE of their currency within the country.
10-22-2014 Newshound/Intel Guru Arthur The so-called Balassa-Samuelson effect (BS) is an economic hypothesis that implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates which…will naturally occur with Iraq’s ongoing economic and political reform progression as it would any other emerging economy…. but has less than zero to do with the revaluation process of the Iraqi Dinar. To believe it did implies a total misunderstanding of the history of the IQD. In 1959 the IQD was pegged to the USD at the rate of 1 dinar = 2.8 dollars, and settled at US $3.22 where it remained until the Gulf War.
10-22-2014 Newshound/Intel Guru Arthur The current rate of 1166 is not the economic reality rate of Iraq, but is a post Sadaam era “program rate” used by the IMF after UN sanctions were imposed to monitor Iraq’s rebuilding efforts and therefore was not caused or engendered by the economic reality or potential of the Iraqi economic outlook. So therefore just as there was no reverse Balaasa-Samuelson effect that caused a gradual decrease of the IQD exchange rate, but was engendered by a sudden action caused by the worsening political and economic reality of the Gulf War era, so we can expect a similar reverse action based on the current political and economic reality within Iraq. We are now awaiting the final sovereignty to be granted internationally based on the efficiency of the newly formed, fully inclusive GOI to ratify, open and fully implement a nationwide budget which will abruptly usher the new ReValued/ReInstated IQD on to the global scene.
10-22-2014 Intel/Newshound Guru Poppy3 the new RATE is very possible this week! several events that can trigger their actions to raise the rate for sure…NEW YEAR, ISX GOING ONLINE, ANNOUNCEMENTS, ISIS UNDER CONTROL. GUYS WE ARE IN A GREAT PLACE RIGHT NOW.
10-22-2014 Newshound Guru Millionday …CBI HAS BEEN CALLED TO PARLIAMENT AND PARLIAMENT HAS IN THE VERY RECENT PAST STATED THEY WANT CBI TO MOVE FORWARD NOW FOR IRAQ. THE ISLAMIC BANKS WHICH IRAQ BANKS ARE RUNNING UNDER ISLAMIC BANKING — HAVE STATED THAT THEY ARE READY TO OPEN TO THE GLOBE IRAQ AND ITS BANKING WORLD. THAT WOULD OF COURSE INCLUDE THE REALITY OF THE IRAQI DINAR IN ORDER TO DO BANKING. IRAQ HAS STATED MORE THAN ONCE THAT THEY ARE EXPECTED TO CREATE A GLOBAL IMPACT…I BELIEVE THAT A REALITY RATE WILL BE SET AND WILL BE HELD AT A LOW 2% FLOAT AND WILL LATER BE ALLOWED TO GROW WITH THEIR MARKET — THIS IS MY OPINION SO WE DONT KNOW UNTIL IT IS SET.
10-22-2014 Newshound Guru Millionday THEY WILL NOT LET US KNOW AHEAD OF TIME — THAT WAS STATED BY SHABIBI — IN FACT HE STATED THAT IT WILL JUST APPEAR. [So our first indication will be in Gazette before cbi?] OUR FIRST THING WILL BE THE HUGE ANNOUNCEMENT AND THE CHANGE IN ISX FOREX AND CBI AND EVERYTHING ALL AT ONCE — NO ONE PLACE TO LOOK — IT WILL BE ALL DONE AT ONCE. I HAVE NO IDEA WHAT THE RATE WILL BE BUT I DO KNOW THEY ARE AN OIL PRODUCING COUNTRY AND HISTORY SHOWS THAT THEY HAVE HAD A HIGHER VALUE THAN THE US IN FACT ALWAYS UNTIL SANCTIONS — MANY PEOPLE HAVE A LOT TO SAY ABOUT THE RATE BUT THE THING IS — NO ONE WILL KNOW UNTIL IT IS SET.
10-22-2014 Newshound Guru Adam Montana Article Quote: “Office of the Prime Minister, Dr. Mahdi Keywords in an interview for ” morning “about the government’s determination to resolve the federal budget for the current year 2014 next week” The Budget is slated for next week… Lots of noise about this right now, and for good reason – after such a phenomenal start to Abadi’s reign as PM, the budget has once again proven to be a tough one. However, I don’t see this Budget being the same as previous ones. YES, it’s taking longer than we wanted to get published, but there is a good chance that it’s being delayed in order to coordinate with the HCL. If that’s what is happening, we’re all going to be VERY happy it was delayed a bit!
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