Iraqi Dinar Guru opinions 10-24-14
Iraqi Dinar Guru opinions 10-24-14
10-24-2014 Newshound Guru Mailman17 JUST HOW DO YOU PLAN TO IMPLEMENT REMOVING NOTES YOU HAVE ALREADY BEEN REMOVING OFF THE STREETS FOR THE LAST 3 YEARS? THIS PLAN HAS BEEN IN EFFECT FOR QUITE AWHILE ALREADY. THEY HAVE ONLY BEEN WORRIED ABOUT DINAR INSIDE IRAQ…NOT OUTSIDE…MOST LIKELY THEY HAVE IT AT A NUMBER (NOTE WISE) THEY ARE SATISFIED WITH. AND YES, TO ANYONE WHO HAS BEEN AROUND THIS AWHILE…THINK BACK WHEN SHABS OR THE CBI SAID THAT THE 3 ZEROES WILL COME OFF THE NOMINAL RATE. HE AND THE CBI ALSO SAID NUMEROUS TIMES THAT HIS PLAN FROM DAY ONE WAS TO HAVE THE DINAR ON PAR…WHICH IS CLOSE PLUS OR MINUS TO A 1-1 VALUE. NOW IF THEY WANT TO PUT A MANAGED FLOAT ON IT FROM THERE…FINE. LET IRAQS MARKET TAKE CONTROL OF THE VALUE OVER TIME. AND YES, IT MOST LIKELY WILL HIT THE 3 DOLLAR MARK DOWN THE ROAD.
10-24-2014 Newshound Guru Mailman17 ANYTHNG SHORT OF A DOLLAR DOES NOTHING IN RESPECT TO GIVING THE IRAQI PEOPLE PURCHASING POWER, NOT TO MENTION CONTRACTS ALREADY BEING SIGNED BY NUMEROUS COUNTRIES INCLUDING JAPAN AND FRANCE. AND IF…THEY MANAGE TO ACTUALLY GET THE ISX RUNNING ON THE 26TH TYING INTO NASDAQ, THEY SURE AS HELL AINT GONNA GO IN AT 1166, AND MOST LIKELY A FIXED RATE UNTIL THINGS SETTLE IN IS THEIR BEST OPTION. THE IRAQI PEOPLE HAVE BEEN USED TO THE VALUE OF THE U.S. DOLLAR TO MAKE PURCHASES IN THEIR COUNTRY AND I SEE NO REASON WHY THE DINAR WILL NOT BE THE SAME. IT HAS TO. THEY NEED TO HAVE FAITH IN THEIR CURRENCY.
10-24-2014 Newshound Guru Mailman17 SINCE ABADI WAS NAMED PM…HE HAS DONE MORE TO UNIFY IRAQ THAN MALIKI EVER DID IN 8 YEARS. THEY HAVE WHAT WAS REQUIRED OF THEM…A UNIFIED COUNTRY. LET THIS UNFOLD ON ITS OWN. A 40 TRILLION DINAR M2 IS VERY QUESTIONABLE IN MY OPINION AS IRAQ BOOKS HAVE BEEN ALTERED MANY TIMES IN THE PAST. EVEN IF ITS CLOSE TO 40 TRILLION (WHICH I DOUBT) AGAIN REMEMBER REMOVAL OF WHATS LEFT ON THE STREETS IS THEIR ONLY CONCERN. NOT WHAT IS IN OTHER GOVTS HANDS OR OURS FOR THAT MATTER. OUTSIDE DINAR HAS AND ALWAYS WAS ACCOUNTED FOR AND IS NOT AN ISSUE. ARTICLES HAVE BEEN CONTRADICTING THEMSELVES LEFT AND RIGHT FOR THE LAST 2 WEEKS IF NOT LONGER REGARDING WHATS ACTUALLY HAPPENING IN IRAQ. MISINFORMATION WILL BE AT ITS PEAK RIGHT NOW…EXPECT MORE. AND I AM STILL LOOKING FOR THAT MYSTERIOUS NEW 10,000 DINAR NOTE THAT SOME SAY IS IN CIRCULATION. HMMM CBI WEBSITE SHOWS NOTHING. FOOD FOR THOUGHT…AS ALWAYS JMHO.
10-24-2014 RUMOR Guru Mnt Goat Iraqi progress is moving forward very rapidly now. So as venture investors (the PTB) they have decided to give Iraq a certain time table to conclude the formation of the new government, the necessary laws, many of which are in the list of the 27 reforms…Most of these laws have been with us over these last 4 years and we may recall them as the “Erbil Agreement”. It is now called the “Unity Agreement”. I am telling you this because this is part of the hold up. The key to pulling the trigger on this RV. Now that the government is fully formed and functional it needs these laws to move forward and operate under. It is because they have self imposed deadlines to complete these changes (laws). The farthest deadline is 90 days which brings us to mid November 2014.
10-24-2014 RUMOR Guru Mnt Goat We can summarize most of the laws needed for stability and to enhance their government are in fact already completed. Some are just waiting in the wings for other laws to catch up and be implemented together. A lot of work has been done since September time frame but remember most of these laws were in fact already written and just never voted on and implemented. The USA is now forcing the issue… As far as the budget passing. I believe it has to occur very soon if not already to fund the war effort. There are also other laws too interconnected with the budget law since they are funded by it and the numbers have to be approved first by the laws then placed in the updated budget. It is hard to separate them.
10-24-2014 RUMOR Guru Mnt Goat This week I totally expected to hear some news that the currency reform project will be restarted and a tentative implementation completion date given to us. I believe we are on the verge of getting the final rollout of the RV possibly this coming week. From all the news I am hearing of the progress I do not believe they will go to mid November or even past October without a Revaluation or a Reinstatement happening of some kind to start the process.
10-24-2014 Newshound Guru Brietling The articles that are coming out are talking about deleting the zeros and adding value to the currency…This is exactly what the CBI has stated that they will have 2 co-existing currencies at the same time and they will both raise in value percentage wise at the same time (for about 3 years). That’s not the RV we are looking for in that definition…it comes somewhere else. What makes the currency you and I hold important and what the clues we’re looking at?
10-24-2014 Intel/Newshound Guru Poppy3 tiers…there are no tiers. WE ARE ALL EQUAL. RATES WILL ALL BE EQUAL EXCEPT FOR WHAT DEALS WILL BE NEGOTIATED AT THE TIME OF EXCHANGE. NO BANKS CAN MAKE DEALS TILL THE RATE IS LIVE AND INTERNATIONAL. ALL THIS GCR **** IS JUST THAT **** YES SOME CURRENCIES WILL ADJUST BUT ONLY A FEW AND THAT WILL TAKE TIME …LEGARDE STATED SO HERSELF 6 MONTHS AGO. NO SUCH THING PERIOD. WHEN THIS HAPPENS FOR SURE WE ALL WILL KNOW WITHIN HOURS AND THERE WILL NOT BE SOME PRIVILEGED FEW THAT KNOWS BEFORE ANYONE ELSE.
10-24-2014 RUMOR Guru AWESOME NEWS…THE BUDGET WAS NOT ONLY COMPLETED BUT READ 3 TIMES AND VOTED ON AND OPENED!
Fact check, just because some guru says it, does NOT make it true, the budget has not been approved, much less, “opened”.
10-23-2014 Newshound Guru Enorrste …an RV does not work..in the case of Iraq…An RV is a tremendous jolt to any economy. No one in authority (IMF, CBI, World Bank) is talking about a “one time change overnight” to, say, $3.50. The chaos that would develop inside of Iraq would be tremendous…we know this to be the case because they are still talking about a “banking law” that will adjust debts, down the road, when it gets to 1:1. Saleh indicated that this must happen on a January 1 in order to avoid chaos. Imagine if they tried that overnight at $3.50? There would be panic in the streets!
10-23-2014 Intel Guru TD As you all know the “deletion of the zeros” project has been of much news again this week and I’ve spent several days trying to get clarification from my Kurdish source. Here’s his take on all this (remember treat all as rumor and strive to find your own sound conclusions): Their “HOPE” is to initiate the deletion of the zeros project within the next two years (all is contingent on progress and actions on the ground). After implementing the project their hope is that it will take an additional two years to remove all the 3 zero notes from circulation. In the near future the marketplace will have two coincidental notes existing. In other words a new 25 note and a 25K note will have the same value and exist simultaneously until all 25K notes are collected and retired. The Abadi administration (in due time) is in favor of the deletion of the zeros program and that it will strongly resemble the Turkish model of currency reform (a few years back)…Of course only time will tell.
10-23-2014 Newshound Guru My Ladies IF THE CENTRAL BANK SAYS WE ARE CHANGING VALUE AND DROPPING ZERO’S OR HOWEVER YOU PHRASE IT THAT IS AN ADMISSION OF CHANGE OF VALUE FOR THE DINAR RIGHT? WELL NO NO NO NO! WRONG! THAT IS NOT WHAT THEY ARE SAYING…THEY ARE TALKING ABOUT THE RESTRUCTURING OF THEIR CURRENCY NOT THE RE VALUING OF IT. WE FEEL THEY ARE TELLING US ABOUT ALL THE SAFE GUARDS THEY HAVE PUT IN PLACE RECENTLY WHICH GOES HAND IN HAND WITH THE NEW ANTI MONEY LAUNDERING LAWS THEY ARE WORKING ON AND THE SAFE GUARDS THEY PUTTING IN TO COMBAT COUNTERFEITING.
10-23-2014 Newshound Guru My Ladies TO MOVE TO LOWER DENOMINATIONS WILL BE A MASSIVE UNDERTAKING, AND PROBABLY REQUIRE A FEW YEARS TO COMPLETE. BUT WHAT DOES ANY OF THIS HAVE TO DO WITH US AND THE REVALUING OF THE CURRENT EXCHANGE RATE? IN OUR OPINION NOTHING. THE FOREIGN EXCHANGE RATE OF THE DINAR TO THE DOLLAR IS WHAT AFFECTS US. AND RIGHT NOW WE ARE STILL ON THE TIME FRAME OF THE NEXT FEW DAYS. WE FEEL IN OUR OPINION THAT IF WE DO NOT SEE ISX COME BACK UP ON SUNDAY WE WILL SEE IT COME BACK UP INTERNATIONALLY SOON AFTER THAT. WE ALSO FEEL WE HAVE BEEN LOOKING FOR THE DATE IN THE WRONG PLACE. IN OUR OPINION THE IRAQI DINAR HAS MUCH TO DO WITH KUWAIT.
10-23-2014 Newshound Guru Millionday THEY HAVE TO BE INTERNATIONAL RECOGNIZED AND BE A MARKET ECONOMY TO HAVE ALL THESE IMPORT/EXPORT CONTRACTS AND THE TRADE BEGINNING THAT WE ARE SEEING POP UP ALL OVER. YESTERDAY THEY SIGNED NEW TRADE AGREEMENTS WITH FRANCE AND TWO OTHER NATIONS — JAPAN — SO THIS REQUIRES INTERNATIONAL RECOGNITION.
10-23-2014 Intel/Newshound Guru tman23 Back in 2012 I we had a contact in Kurdistan that said the Kurds took down all the Iraq flags on all government buildings…He said there would not be an RV until Maliki was gone (which some of us didn’t want to believe or buy into) and he said which I now find amazing…Nov 2014.
10-23-2014 Newshound Guru Enorrste A redenomination has never been in the cards as far as the IMF is concerned, for Iraq. The IMF is on record that they have pushed Iraq to have a “stable currency”, which Iraq has done for several years now. A redenomination is not a part of a “stable currency” phenomenon. In addition, the IMF is also on record which clearly speak of a gradual increase in the dinar value over time (i.e. float) and some have even talked in terms of moving to a “floating exchange rate regime” which KAP [Guru Kaperoni] has also posted in the past. No where has there ever been from either the CBI or the IMF any indication of a redenomination as we know it.
10-23-2014 Newshound Guru Enorrste Having said that, however, it is true that the “term” rededomination has occurred in many articles, including CBI ones, although not in IMF ones, as I recall. However, in every case I have shown that the “context” of those articles referred to a raise in the value of the dinar versus what we know as a “redenomination.” Remember, Iraq is a very proud country and looks forward to the day when they will not only become a “donor nation” (Impossible with a redenomination) but also have one of the strongest currencies in the world (also impossible with a redenomination).
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 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.
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