Iraqi Dinar Guru opinions 10-30-14
Iraqi Dinar Guru opinions 10-30-14
10-30-2014 Newshound Guru Millionday …PARLIAMENT AND THEIR AGENDA TOMORROW [THURSDAY] — THEY WILL BE ADDRESSING THE BUDGETS FOR ONE THING AND HOSTING ABADI AND FINANCE MINISTERS. THE MINISTER OF PLANNING WILL BE THERE AS WELL AND WILL BE PART OF THE WORK ON THE FINANCIAL PROGRESS. …WE SHOULD EXPECT THE COMPLETION OF THE BUDGET WITHIN DAYS AND ALSO THE HEADS OF ALL COMMITTEES IN PLACE FOR THE MOVE ON DEVELOPMENT. WE HAVE A DEADLINE FOR THE PLACEMENT OF THE COMMITTEE HEADS — THURSDAY…
10-30-2014 Newshound Guru Adam Montana [ I have not seen anything about Iraq going to Article VIII. We have read that the ISX was to go live on Oct. 26th. As long as they are LIVE, don’t they need to release a REAL RATE?] The “real” rate at this time is 1166:1. Whether it changes or not is up to the CBI, not Article X or anything else.
10-30-2014 Intel Guru TD [So TD you are saying with great certainty that next year we will see a LOP, are you also saying there will be no rate increase?] No, I am not. I’m now certain as I could ever be that the Abadi administration is on board with the LOP. Recent articles have been backing up their stand going into 2015 and the 4 year time limit they’ve set out as a goal to complete currency reform. The article (the other day) CLEARLY laid out their intent to remove the zeros FROM the notes themselves which was never (that I have seen before) so EXPLICITLY spelled out even citing examples, i.e 5 dinars = 5,000 (old dinars), etc. It is very true that through the history of this endeavor some dinarians have already seen gains of 20% or more. Can we realistically see another 10-20% gain by them eventually raising their citizens purchasing power and a gain for us investors: ABSOLUTELY!! ( AND I CERTAINLY HOPE SO !!)
10-30-2014 Intel Guru TD Keep in mind once Iraq enters the international marketplace it is subject to domestic and international market forces which can allow a rise or fall in a country’s rate. All currencies are pegged against each other due to their “strength” and “weaknesses”. Any kind of “bad news” (market jitters) can put pressure on the rate as well… I wholeheartedly disagree that it will be pegged anytime soon to the dollar on equal par (1-1). It’s not sound economics for a country in turmoil trying to find it’s identity to take such a gamble and devastate it’s economy. What the LOP does show us is it eliminates the rumors of 10,000, 100,000 % (or more) return on investment as some have deemed as “probable’ and “likely to occur:”. IT WILL NOT HAPPEN.
10-30-2014 RUMOR Guru Mnt Goat The budget did not make it to parliament for the Tuesday 10/28 session as promised. The reading of the bill was taken off the agenda. We were not given a firm new date. The needed changes were not yet ready. I am hearing the budget will be ready and will be sent to parliament early next week and will be on the agenda at that time in the next session. The budget is dependent on the RV and the RV is not dependent on the Budget being opened. The RV will happen even if the budget is not ready. Besides, my contacts are now telling me it too is all done and has been read twice and voted on.
10-30-2014 RUMOR Guru Mnt Goat Iraqi progress has been moving forward but still no RV. However I am told there is a definite completion target for Oct 31st and/or the coming days ahead. There is also rumor it may be shifting to yet another window of mid November for RV completion. I take this just as a rumor for now. I am hearing from Iraq CBI and the USA contacts that the needed reforms are all done to satisfaction of everyone and all the parties. I am trying to verify this with some of my other sources just to make sure. I am hearing there is absolutely no holdup. There is a very good window for the RV coming up this weekend. I do not like to predict dates but this is what I am now hearing. It is coming across to me very strong and clear.
10-30-2014 RUMOR Guru Mnt Goat Also there are two articles published by the Iraq finance committee today that they are now going to postpone the RV for yet another 5 years. I find this terribly hard to believe and this message today has to be smoke and mirrors just before they pull this RV trigger. They did the same strategy just before the Kuwait dinar revalued and I believe they are doing it now with Iraq. My contacts are also all still saying possibly this weekend or prior is an excellent window to see the RV. I believe we are in a rare opportunity and window like never before. In the coming days we should expect the RV.
10-29-2014 Newshound Guru Kaperoni Article: “A member of the parliamentary Balaguetsadah: the project to delete the zeros is ready and needs to be applied five years” One thing is certain, you do no redenominate over 5 years. …the market economy will not budge if they do not make monetary reform and open the banking system. That being said, we know the urgency for a market economy in Iraq. So, we can make a reasonable assumption that it will start soon. IMO, the key will be after the CBI feels they have replaced a good number the existing notes with the new “more secure” notes (CBI stated this will be done by end of year). This will give them solid ground to stand on during the transition process (exit Article XIV and move to Article VIII and a new Exchange Regime). And of course parliament must do its part…the laws. It looks to me the CBI is doing everything they possibly can to make this a “orderly exit” and transition. Quote: “calling: the central bank to speed up the issuance of these new currencies in preparation for the implementation of the project to delete the three zeroes from the currency” The replacement of the existing notes is a prerequisite!
10-29-2014 RUMOR Guru Over the weekend, Iraq did ask for an extension to pass some laws they thought they needed. [Do you think the negotiations are finished?] I think they’ve finished. The banks must believe it, or they wouldn’t be bringing all these people into the banks and walking them through the process. Banks that haven’t been engaged for months have been bringing their people back in. [Will we be at the bank this week?] I never thought we’d get to this week because I know we were supposed to be in the banks last Thursday! The banks had people in, and Iraq told their people this is it – last week! I still think the weekend makes sense, but they could do anything at this point. Everyone is gearing up for now, but they could drag it out for another week, I don’t know. The rate has gone back to $3+, though we don’t’ know for sure where that will come out. [Do you really think we are there now?] Yes, the amount of preparation that’s gone on in the last 48 hours shows that something big is going on.
10-29-2014 RUMOR Guru Iraq is very ready with great results from their business conferences and the resulting contracts, which are huge. In parliament they had an emergency session to finalize the last laws the US wanted at the last minute. Everything is done. The 2015 Budget is still not 100% done, but we’re not waiting on that either. Most of the world had a rate of $3.58 while the US had $1.18, and now we understand that has been changed back to $3.58 last night. They were using it as a negotiation, as suspected… However, it is just possible that it could come out at $1.18, so have a plan for that, too, just in case. The contract rates are still there, and at least we will have a fighting chance at those like everyone else. The dong, rupiah and zim still have rates attached, but I’m not supposed to say what baskets they are in.
10-29-2014 RUMOR Guru In the US, everybody…is on blackout in the UST, IMF, law enforcement, in Congressional advisory positions, all the rest – everyone is in a high, intense level of readiness. They are not doing that for fun or because this is weeks off. The banks are on super-standby. [Could this possibly come out in the middle of the night?] Many believe it will come out 2 – 5am. Another large contingent of bankers prefers middle of the day. They have nearly done it many, many times – in both time frames. [Do you really think it will come before this weekend?] I think everyone is cued up for this to go before the weekend, but I get nervous about giving exact times. However, it doesn’t make sense to me that people have been called in and then this doesn’t happen for five or six days. We strongly believe that everyone is on lock down and blackout because they are ready – bankers, law enforcement, security and all the rest. Iraq is extremely ready to get this done.
10-29-2014 Newshound Guru Breitling There are a lot of articles coming out about 2015 and raising the value and a statement someone made. “Deletion of he zeros…Iraq is the latest Arab country to decide to delete the zeros from its currency.” [Referencing Intel Guru TD’s controversial post from 10-28-2014… NO DISPUTE ANY LONGER WHETHER OR NOT IT WILL BE A LOP! IT WILL!] They have been raising the value of the currency…but it has not been a big jump. For some people the value has gone up 26, 27 28%. In 2013 they started reducing the US dollar within Iraq. They used the dollar to keep the dinar artificially down. They told everybody this that they are keeping it artificially down. Looking forward…an article came out saying 90% of economy oil and 30% US dollars…they had to get rid of this first and then reduce the dinar count. October 2013 they said they were going from 9 billion notes to 6 billion notes. 2014 said they were going to go from 6 billion to 4 billion. 2014 summer accomplished 6 billion to 4 billion notes…
10-2-2014 Newshound Guru Breitling [Referencing Guru TD’s controversial post from 10-28-2014] …So why is someone questioning if they are reducing the notes out of the marketplace? Bull crap they’ve been doing that for 2 years. There is no reason to pull dinar from the marketplace unless they were going to add value. They were saying what they were going to do and here we are. It was an innocent mistake…I’m not going to beat anybody up. The CBI is telling the whole world what’s happening…2 years of evidence…They are getting down to 1 billion notes. What they told everybody…they are going to have the currencies coexist for 3 years. I do know this…people laughed at the ISX…people who did it correctly made fortunes. Since I’ve got in the dinar…26%.
10-29-2014 Newshound Guru Adam Montana [I’ve read a lot of articles about the deleting 3 zeros project…is it this delete 3 zeros project is the RV we’re waiting? Or the IQD will RV 1st then they will proceed with the deleting 3 zeros? Because if I’m not mistaken, I have read the news about the Iraqis want to proceed with the approval of HCL first then the budget, which means the HCL will be approved within a few days. So, is it possible to say that if HCL is approved, the IQD will only RV = delete 3 zeros next year?] Regarding the “deleting the 0’s”, one of two things will happen. 1, they delete the 0’s and issue new currency with a mandatory “trade in” of the current notes. If that happens, we don’t lose anything, nor do we gain until the value increases…but in that case, we’re probably only going to see a 2-3X return. OR 2, they don’t delete the 0’s and they raise the value on all notes while simultaneously introducing lower denominations. This gives us a much more likely high rate of return on the IQDs we hold, and is a very possible reality especially if the HCL and the Budget are passed as you outlined. In my opinion, scenario 2 is more likely and the “delete the 0’s” articles can be ignored at this time.
10-29-2014 Newshound Guru Enorrste Article: “A member of the parliamentary Balaguetsadah: the project to delete the zeros is ready and needs to be applied five years” One article clearly states that they will start the process at the “beginning of 2015.” In my view this means that they will begin the float then, and move to article 8 of the IMF. I also personally believe that the currency will rise in value much faster than many people assume, including the CBI, which is giving itself a huge “window” of five years. I see the currency rising consistently until it reaches parity, which could well be over $3, within a year or two at most.
10-29-2014 Newshound Guru Adam Montana Here’s the latest: 1. ISIS still not successful in taking Kobane. Between the additional ground forces and the continued air strikes against ISIS in Kobane, I don’t expect the terrorists to hold out too much longer. 2. Budget – The budget is still stalled, but if you’ve paid attention to the news over the last week you probably noticed that a LOT is being brought up about the HCL…in fact, it looks like the two are tied together. Meaning when we see the budget passed, it’s possible that the HCL will move simultaneously, and that could be the best possible thing in the world for this venture! *fingers crossed*. 3. GOI – I’m still feeling positive about the new GOI. Abadi is moving things in the right direction, we’re hearing less and less about Maliki (just like I figured would happen ), and back to the budget/HCL – things are lining up perfectly.
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