Iraqi Dinar Guru opinions 10-28-14
Iraqi Dinar Guru opinions 10-28-14
10-28-2014 Intel/Newshound Guru Poppy3 SAD NEWS BUT A RUMOR, COMING FROM IN COUNTRY SURE MEANS IT IS RUMOR. THEY SAID TODAY THE RUMOR HAS CHANGED FROM LATER THIS WEEK TILL LATER NEXT MONTH. FROM THEM TALKING LAST WEEK THEY WHERE TRYING TO GO LIVE WITH A RATE LATER THIS WEEK. THEY ARE NOW SAYING THE RATE CANNOT BE COMPLETED TILL AT LEAST A COUPLE MORE WEEKS WITHOUT MAJOR ACCOMPLISHMENTS HAPPEN[ING] FASTER THAN EVER. THEY DIDN’T SAY WHY OR WHAT THE HOLD UP IS THAT NEEDS COMPLETING BEFORE THEY CAN GO LIVE WITH A RATE, JUST THAT IT WAS GOING TO TAKE LONGER THAN THEY EXPECTED LAST WEEK. WE WILL WATCH AND PRAY THIS INFO IS WRONG AND THE RATE COMES SOONER RATHER THAN LATER.
10-28-2014 Newshound Guru Kaperoni Article: “The return of the controversy regarding the deletion of zeros currency…and application over five years” IMO…until the laws are in place, it makes no sense to start the process. And the CBI does not want to commit until they see that the GOI/parliament has done what it needs to do. Remember, if this plan is to work, investment must come into Iraq. Without it, the currency stalls. …without the economic and banking laws that are stalled in parliament to transition to a market economy passed, it makes no sense because investment will not come in. You have to create the environment, the right climate and set the stage if you want investment. …the economic plan that just came out identified 11 significant laws that are stalled for a market economy. Parliament needs to get to work before anything will happen with the dinar.
10-28-2014 Newshound/Intel Guru BGG […where to you think we are at this very moment? do you see things happening before oct 31?] Personally, I am just trying to stay prepared for anything (at any moment). I would hate to inaccurately build some level of expectation. I believe it to still be a good investment.
10-28-2014 Newshound Guru Kaperoni Article: “Deletion of zeros!” Quote: “Iraq is the latest Arab and foreign countries decide to delete the zeros from its currency” Does anyone think the CBI would go through the expense to reprint the existing denominations, add security features, educate the citizens and put them in circulation only to redenominate LOP the currency in a few months? Its actually a good article because he is saying a redenomination or LOP is a not a good thing… Clearly this guy is not in support of redenomination. I remind everyone that the CBI is a member of the IMF and the IMF falls under the charter of the UN…the CBI will do what the IMF says.
10-28-2014 Intel Guru TD Article: “Deletion of zeros ! Iraq is the latest Arab and foreign countries decide to delete the zeros from it’s currency” Well, the mail is in! Article CLEARLY states their intentions for 2015 and should once and for all put to rest that “deletion of the zeros” DOES NOT mean “pulling these notes from the marketplace”. IT DOES NOT! It spells out (VERY CLEARLY) that (a new) 1 Dinar will equal 1000 old dinars, a new 5 Dinar will equal 5,000 old dinars. NO DISPUTE ANY LONGER WHETHER OR NOT IT WILL BE A LOP! IT WILL!
Fact check, The articles out of Iraq have been ALL over the place, with most of them contradicting each other, fist it is delete the zero’s starting in 2015, then it will take up to 5 years, now reportedly what appears to be a possible “LOP”. Bottom line is that the articles have proven to be more accurate and true then some guru “intel” prediction, we just do not know what Iraq will do until they decide to do it..period.
10-28-2014 RUMOR Guru TerryK [Have you seen where the IQD is trading?] 1137 RIGHT NOW. [ Is that good?] YES. THAT MEANS IT ONLY TAKES 1137 DINAR TO MAKE A DOLLAR INSTEAD OF 1166…NOT MUCH BUT IS A MOVE. [what you hearing?] WE MAY SEE THIS LATE TONIGHT TO WED.
10-27-2014 RUMOR Guru We know the cards were issued. This weekend they changed the international access and also the rate. They have been $3.58, more or less, and Warka Bank is accepting cards internationally, but at the US rate rather than the rate everyone else has. The $3.58 was loaded in the whole international system until the US changed it. We are still in a good position, everything is in a good place. They are still saying Tuesday or Wednesday…we are just waiting now. We thought something would happen this morning, and it’s definitely happening this week.
10-27-2014 RUMOR Guru TerryK HEARING TUE IS VERY VERY STRONG. LET ME POST THIS: Zurich bonds are definitely trading and the ISX linked up but they are hiding what they are doing. I was also told to watch the SDR rates. And yes it is expected in the same time frame “TUESDAY”.
10-27-2014 Intel Guru Nova …all of us…want to know when we can take the IQD to the bank and exchange for a profit; however, banks don’t care about the exchange rate, they are looking for the algorithm, the mathematical equation that tells the bank or the vendor what funds are available for the requested transaction; prices are not seen on the ISX because the algorithm is not there yet; the ISX is international but the ISX, banks, vendors, etc cannot settle their business yet in the IQD…the Iraqi banks are ready for the algorithm, we’ve seen branches open outside of Iraq, and they are ready inside Iraq. …the SDR…it’s essentially a backing basket of currencies that becomes the algorithm that determines the value of the currency; we are witnessing the launch of the new way the world will value currencies going forward, and it all begins with the IQD. IMO, the ISX could trade internationally right now, the only constraint is that legally, they must use only IQD for transactions, so until they have the algorithm they cannot trade internationally.
10-27-2014 RUMOR Guru We are so close! Iraq did have their new Year’s celebration, wanted to get it done, and the US thought something wasn’t done correctly and…They are getting that done as we speak… They are referring to this as ‘only a slight delay’, but everyone’s ready. Iraq is looking for a lot of support from a lot of countries, and they have egg on their face because it didn’t happen Saturday/Sunday. Parliament did NOT read the final reading of the 2015 budget, but that is not an essential part of the RV. It’s on the agenda for tomorrow. A lot of the cards are still showing $3.58, but some international cards are showing $1.18, which is confusing for everyone. In the US, they are still showing around a dollar. In the US, the UN Security Council are not pleased with the US… At the banks, they were geared up and ready…The UST is ready to go as soon as these slight issues are squared away. There is a tight timeline in the next day or two, depending. Everyone is ramping up for it to go.
10-27-2014 Newshound Guru OOTW [so what are we waiting on now?] IMO THAT’S THE MOST IMPORTANT THING WE NEED TO WATCH FOR – IF AND I STRESS “IF” WE NEED MORE LAWS FOR THE RATE TO BE RELEASED/IN COMPLIANCE WITH IMF ART 8. [So we don’t know YET, if there are more laws needed to be passed then?] NO WE DON’T KNOW…BECAUSE…WE DON’T HAVE ACCESS TO ALL THE LEGAL REQUIREMENTS GIVEN TO IRAQ BY THE IMF/WORLD BANK, UNDER THE UNAMI MANDATE ETC. IF WE HAD A LIST OF THOSE…THEN WE’D KNOW WHAT TO WATCH FOR – THE IMF ART 8 EXCHANGE REGIME IS DIFF/TAILORED FOR EACH RESPECTIVE COUNTRY, BUT ALSO ADHERES TO BASIC GUIDELINES. RIGHT NOW, TERRORISM REMOVAL AND THE FED COURT ACT…TWO MOST IMPORTANT ASPECTS TO WATCH.
10-27-2014 Newshound Guru Breitling Iraq doesn’t need to come out with a new currency to add value to the dinar we have. That is not the key…that is not the mechanism. They are not going to put out a 1 dinar note unless the dinar has a higher value. What was the CBI’s promise so the notes coexist with the newer notes? To lower the note count and add value to them. If our notes were not important then you [the CBI] would not need to do that.
10-27-2014 Intel Guru Frank26 IMO, We are done. You see…IMO, it is no longer in human hands…It is now an algorithm. Migrating as I told so many so many years ago…From the E to the W. I am proclaiming the end to our IQD STUDIES together.
10-27-2014 Intel/Newshound Guru Poppy3 …WE SEE THE ISX DID NOT OPEN TO THE PUBLIC TODAY [SUNDAY] BUT TRADED IN COUNTRY AND CONTINUED TESTING THE SYSTEM. BE AWARE OF UP COMING ACTIONS AND A RATE RELEASE SO THEY CAN GO INTERNATIONAL AT SOME POINT HOPEFULLY DURING THIS WEEK. THEY ARE DESPERATE FOR CASH FLOW AND OUTSIDE INVESTMENTS IN THEIR COUNTRY AND INVESTORS ARE NOT COMING AT 1166 BUT THEY WILL COME WHEN THE DINAR IS WORTH MORE THAN THE DOLLAR.
10-27-2014 Intel Guru TD It’s a Oxymoron to say they must increase their rate due to budgetary constraints. HOW? How do you pay for that? And oil today went below $80 a barrel. In addition, the ISX and whatever rate they use is irrelevant in percentage gains and losses. They have already laid out their goals and intentions in recent articles which is a 4 year plan: Deletion of the Zeros program to be started in 2015 (or 2016 as plan B)). THEN their goal is to exchange and retire all the 3 zero notes (estimated to take 2 years)…it’s all spelled out pretty clearly what their “HOPE TO DO IS” (GOALS). The wild card in Iraq’s case (has been and continues to be so) is actions and progress on the ground. NO ONE has a crystal ball to effectively tell the future, especially Iraq.
10-27-2014 Newshound Guru Millionday [ If iraq is in such dire straits, why have they not moved to do something about monetary reform by now?] THEY HAVE COMPLETELY CHANGED AND REWRITTEN THEIR ENTIRE MONETARY POLICY ECONOMIC REFORM — POLITICAL REFORM — ADMINISTRATIVE REFORM — BANKING REFORM — I DONT THINK THEY HAVE MUCH LEFT TO DO SOMETHING ABOUT — THEY HAVE CHANGED TO A DEMOCRATIC COUNTRY AND ALSO CHANGED ALL LAWS TO BE INTERNATIONALLY COMPLIANT. WE ARE THE ONES THAT THINK IT HAS TAKEN A LONG TIME — I BET BEING FOR AN ENTIRE NATION THEY ARE ACTUALLY IN A HURRY AND WE ARE THE ONES THAT THINK THEY ARE SLOW…
10-27-2014 Intel/Newshound Guru tman23 Regarding the Smart Card aka Qi Card (key card)…As of now it is NOT accepted outside of Iraq although it is linked to Master Card it is not activated “But will be by the end of the year” once a government announcement is made…One thing appears for certain and that is BY THE END OF THE YEAR for international “trade or use”…at least Qi and the ISX and ESX all have made these statements “by end of the year”.
10-27-2014 Intel/Newshound Guru tman23 With governments, deadlines come and go with no resolve…with financial institutions such as banks and stock markets they 99.9% of the time meet time frames because their whole structure is dependent upon investment and performance…So BY THE END OF THE YEAR is a significant statement by these organizations…They are not speaking of a RV but rather being able to do business with Iraq currency internationally.
dinarguru
