Iraqi Dinar Guru opinions 10-25-14
Iraqi Dinar Guru opinions 10-25-14
10-25-2014 Newshound Guru Millionday [Is the HCL done?] YES THE ISLAMIC BANKS HAVE ANNOUNCED THAT THEY ARE TAKING IRAQI BANKING OUT TO THE GLOBE AND ALSO THE HCL WAS REPORTED TO BE DONE — IT WAS IN MULTIPLE REPORTS — HOWEVER THE HCL IS NOW BEING CHANGED FOR ONE PROVINCE AND THEY HAVE STATED THAT IT IS VERY SMALL AND…THAT THEY WERE WORKING ON IT TODAY [FRIDAY]. [SO IT APPEARS THERE IS JUST A SMALL ADJUSTMENT AND EVERYONE WILL BE SATISFIED WITH THE HCL SO IF THE HCL IS AGREED ON AND ALL OF THE GOVERNMENT IS IN PLACE, IT SHOULD MOVE PRETTY QUICK, CORRECT?] IT SURE DOES LOOK VERY ENCOURAGING WE CAN KNOW THAT — FULL GOI AND HCL AND CBI READY IS CERTAINLY NOT BAD NEWS FOR US.
10-25-2014 Newshound Guru Millionday [Don’t they have to have some kind of reality rate to open the HCL to have enough money to pay the people?] I WOULD SAY THIS — THE OIL FUNDS TO THE CITIZENS THAT IS PROMISED GOES TO ALL CITIZENS THAT WILL BE DISTRIBUTED FUNDS RIGHT? ON THE SMART CARDS/VISA — THE THING IS THEY ARE NOT ALL IN IRAQ AND THE CARDS SHOULD BE USABLE ANYWHERE THEY ARE SO THEY WOULD NEED A REALITY RATE TO DISTRIBUTE FUNDS LOGICALLY. THE HCL WILL BE FUNDED BY A REALITY RATE — NOT AN IMPOSED RATE.
10-25-2014 Newshound Guru Kaperoni …if they want a market economy (which they must do soon) they have to move to Article VIII and new Exchange Regime which allows the dinar to rise as investment comes into Iraq. It’s not something that can be postponed. Article VIII will come soon despite articles that say currency reform is year or more away..I don’t buy it. They were suppose to have “freedom of movement of capital” by end of 2013 according to the articles on the SFA/TIFA agreement and we are 12 months past that timeline. As well, the IMF postponed the 2014 Article IV Consultation in March (Iraq’s scheduled time) without explanation and said it would be held later in the year…one can assume it was to give them time to get in compliance and into Article VIII. The 2013 Article IV Consultation mentioned moving to Article VIII I think at least 5 or 6 times throughout the publication. When you take all of that, and put it with the urgency of a market economy (…a senior economist stated – “It’s time to activate the productive sectors”) to put Iraqi’s back to work, lower unemployment, etc. the banking system and currency must open up as soon as the laws are in place.
10-25-2014 Intel/Newshound Guru Poppy3 …GOT A RUMOR FROM IRAQ THAT THE RATE WILL CHANGE NEXT WEEK SOMETIME? WHO KNOWS…AT LEAST I KNOW THE SOURCE IS IN BAGDAD AND HE WAS TOLD THIS TWICE TODAY THAT INSIDE THE GREEN ZONE BUT DOES NOT KNOW THE ORIGINAL ORIGIN OF THE STATEMENT. I HOPE IT TO BE TRUE LIKE ALL OF US BUT ONLY TIME WILL REVEAL THE TRUTH.
10-24-2014 Intel Guru Frank26 Yes we seek to see if the ISX comes back online Sunday…Or not…Then also to see if they have a new rate. But You MUST remember…The ISX has NOTHING to do with the raising of the dinar’s value. ONLY the CBI. Even if no rate Sunday…REALIZE that the ISX is now ALSO among a list of prepared and readiness for an increase in the IQD value.
10-24-2014 RUMOR Guru Iraq is saying that there IS stability…With all the new contracts with over 80 countries and people coming into Iraq, they…want to see the money so that they can be secure as well. They cannot get started until there is money paid over. They need to know that the money will not be held up again. The contracts need to be paid out starting on Monday. These are entire billion-dinar value contracts, all in dinar. They said it should go last night and then we were put on alert this morning. I don’t see it going past mid-November. What’s holding it up has nothing to do with the RV itself…these delays are costing Iraq and its people! It’s been a great week. We are hearing the contracts will be paid…in revalued currency and that the RV will go prior to that. I am excited, somewhat – we’ve heard all this before.
10-24-2014 RUMOR Guru In Iraq, Parliament has been successful in moving many pieces of legislation over the past few weeks… the 2014 and 2015 budget have been done and published in the Gazette, with the 2015 being polished up this weekend. Abadi took a road trip, and many senior ministers spent the past week flying to Iran, the US, Japan, China, and Turkey, shoring up military support against ISIL. The US helped, but Iraq is standing on their own, putting deals together. In many capitals, the discussion included “when are you getting the RV done?” and they have agreed to a timeline in the next couple of days. Iraq is saying they are just waiting on the perfect timing. There are more celebrations scheduled in Iraq on Saturday, and there is a lot of pressure to get this done…Bottom line: everything looks really good. Parliament has made tremendous strides. The 2014 Budget is done and published and 2015’s will follow this weekend. Celebrations have been planned for this weekend for the New Year AND the RV.
Fact check, the budgets have NOT been agreed on, nothing has been published in the Gazette.
10-24-2014 Intel/Newshound Guru Poppy3 [ I would think if Kawait is at $3.58 or so, Iraq would be the same or higher at some point.] YEP CLOSE TO KUWAIT, AT SOME POINT WILL BE HIGHER.
10-24-2014 Newshound Guru Brietling If you look at how they got rid of the Saddam Hussain currency (or Swiss Dinar)…they simply said they were going to retire the notes and it took them 6 months. Is that what they said they are going to do [here]? No…that’s the first clue. #2 is How are they going to add value to the currency? It’s a liquidity problem…there were 9 Billion notes and 30 Trillion Dinar…the CBI kept stating one of these days we are going to lower the note count and guess what they did? Started lowing the note count…It went from 9 Billion notes to 6 billion notes to 4 billion notes and everyone understands the trend…that’s how we know the currency you and I have is ripe for a reevaluation and it’s going to grow percentage wise with the new currency coming out.
10-24-2014 Newshound Guru Brietling …The info I got is that it can go all the way up to $3. But they can do whatever they want. They are going to come out with a new currency that doesn’t have the 3 zeros on it. Does that mean we will not make any money…no, they said they would coexist for 3 years. If they had no intention revaluing the currency there would be NO REASON AT ALL to reduce the note count…they could just do what they did the first time and retired the Saddam currency. What did they do? They said they’re retired, you’ve got 6 month to exchange and that’s it. They are not doing that are they? No, they are lowing the note count.
10-24-2014 Newshound/Intel Guru BGG the article…yesterday states “…the deletion of zeros from the Iraqi currency will be working by next year…” for that to happen – as in… “…by next year…” they need a rate BEFORE NEXT YEAR – as in sometime soon – or THIS YEAR…and since this is late OCT – that leaves a very short window for them to get this project started. [ I had thought the deletion of the 3 zeros could be the same as an RV, but I guess they are separate?] Same – same – the deletion of the zero’s is the whole project of “buying back” the notes… they have to have a rate to start things off.
dinarguru
