Iraqi Dinar Guru opinions 10-31-14
Iraqi Dinar Guru opinions 10-31-14
10-31-2014 Newshound Guru Millionday Article quote: “Nora Albjara member of the committee of economy and investment in the House of Representatives revealed that the central bank completed its preparations for the issuance of metal coins of seven small groups, in conjunction with the implementation of the project to delete the three zeroes from the paper currency is currently in circulation” CBI IS DONE WITH ALL 7 COINS THEY ARE GOING TO USE AND READY TO RELEASE THEM AND REMOVE THE 3 ZERO CURRENCY ACCORDING TO THIS ANNOUNCEMENT. IT LOOKS LIKE THEY ARE CHANGING THE RATE. WE WILL HAVE TO WAIT UNTIL WE SEE IT — BUT WHAT PURPOSE WOULD THE COINS AND LOWER DENOMS BE? YESTERDAY THEY ANNOUNCED THAT THEY ARE LAUNCHING THE GLOBAL MARKET LINK TO GLOBAL BANKS AS WELL. KNOW THIS IS HUGE HUGE NEWS. YOU SHOULD BE DANCING IN THE STREETS…
10-31-2014 Intel Guru Frank26 On Iraqia TV, the CBI announced the monetary reform is done and they are ready to release coins, complete with the Kurdish language; however there are still some things being done, the bank notes with the 3 zeros with the Kurdish language are being distributed. IMO, the coins are utterly worthless at 1166, the only way they have value is if the rate is increased. IMO, it will come out at 1:1, and we have seen the 0.86 rate being held as a test. The increase of the rate may be gradual over a couple of years, and when the float hits a couple of dollars, the rate can take a larger increase. IMO, the rate was released on Sunday as an algorithm, and the evidence is that the Qi card has been used in Iraq.
10-31-2014 Intel/Newshound Guru Poppy3 Quote: “Estimate the amended exchange rate of the Iraqi dinar to be used in technical and economical feasibility studies and for (1.134) dollar per dinar. This price should be approved for 3 years until re-appreciation by the competent authorities.” THE ONLY PROBLEM WITH THAT RATE IS IT DOESNT HAVE ENOUGH VALUE FOR THE PEOPLE OF IRAQ TO GAIN CONFIDENCE IN THEIR DINAR TO STOP USING THE USD. FURTHERMORE IT IS NOT NEAR ENOUGH TO FULFILL THE BUDGET OR TO FUND THE HCL . THESE THREE THINGS ALONE TELLS ME IT WILL BE HIGHER THAN ONE TO ONE. I ALSO POINT OUT ANYONE INVOLVED OR IN THE AUTHORITY TO MAKE THAT CHANGE HAS NEVER SAID A WORD ABOUT 1 TO 1 OR A LOW RATE PERIOD. ONLY PEOPLE MAKING THEIR SUGGESTIONS HAVE ALLUDED TO 1 TO 1 POSSIBILITIES.
10-31-2014 Intel Guru Delta the information from the CBI which was announced on Iraqia TV; read in Arabic first, and then translated that the CBI is about to introduce the coins, there are 7 coins, and likely the 1 and 2 dinar coins will come out first; IMO, the CBI will gradually roll out the coins as the rate increases. On Iraqia TV, the CBI said they are ready to delete the 3 zeros; the coins are at banks ready for release; the 5 trillion in new notes with the Kurdish language are ready for distribution. …it will not take 5 years to raise the VALUE, they will take 5 years to pull in the 3 zero CURRENCY; it will still be legal tender, but will be phased out, replaced with the lower denoms as the rate increases. IMO, the rate needs to be on par or higher than Saudi Arabia’s riyal (SAR), and it’s possible, IMO, to see the rate come out at any time.
10-31-2014 Intel Guru Delta …looking at the ISX, they have changed to Xstream, yet as of today they are not trading internationally; however, as of Oct 24, the Arab Federation of Exchange does have the ISX and IQD appearing for the first time – with no rate; everyone is waiting for the rate. IMO, the rate has to change before any implementation of their plans. Representative of the finance committee related that the rate will increase gradually so as not to confuse the Iraqi citizens. IMO, the rate will come out around $0.25 – $0.35 and gradually increase…the CBI is saying they are ready to go now, not a year or two years from now; no matter the rate that it comes out at, it will increase rapidly…within months possibly, and the lower denom coins will roll out in conjunction with the lifting of the 3 zeros – this means the VALUE must increase.
10-31-2014 Newshound Guru Enorrste While it is true that basic supply and demand for currency within any given economy (Iraq, for instance) can have an affect on the overall value of that currency, there is another factor that is much more important once Iraq moves to Article 8 and the currency is recognized as a valid world currency. That factor is speculation. Speculation in world markets is the primary force that drives its value. Other forces are supply and demand, economic growth, interest rates, and a country’s balance of payments situation. It will be speculation, however, that will be the driving force in the case of the dinar, in my opinion.
10-31-2014 Newshound Guru Enorrste The IMF was quite clear in its recommendation to Iraq: move to a “free float” exchange regime. No where has either the IMF or the CBI talked about a managed float. Therefore, I believe that once Iraq moves to Article 8 and opens the door for the dinar worldwide that adding or removing large notes will be minor in comparison to the basic speculative demand worldwide. Therefore, I see the currency rising quickly…
10-31-2014 Intel/Newshound Guru Poppy3 WHY THE POSSIBLE DELAY THAT IS BEING DEALT WITH EVERY HOUR RIGHT NOW—THEY HAVE NOT PASSED THE BUDGET BECAUSE UNTIL THEY ANNOUNCE A NEW RATE THEY DON’T HAVE FUNDS TO BACK THE BUDGET. THEIR CONSTITUTION WILL NOT ALLOW THEM TO USE THE RESERVES. THEY HAVE TO REACH AN AGREEMENT ON THE RATE AND STEP BY STEP PROCESS TO USE WHEN THE RATE APPEARS TO FUNNEL THE FUNDING TO THE GOI TO FUND THE 2014 BUDGET. AGREEMENTS CAN BE COMPLETED ANYTIME. STAND BY FOR VICTORY. THIS IS WHY NEWS IS SLOW BUT ALSO WHY ITS ALL PROGRESSIVE AND FINANCE DIRECTED.
10-30-2014 Newshound Guru Millionday …CBI HAS ANNOUNCED THIS WEEK THAT THEY ARE READY TO MOVE FORWARD WITH THE MONETARY POLICY AND REFORMS IN PLACE INCLUDING BANKING REFORMS AND TODAY THEY HAVE THE 7 DENOMS OF COINS READY AND ALSO THE SMALL DENOMS AND STATED THEY ARE IMPLEMENTING THE REMOVAL OF THE THREE ZERO CURRENCY PUT ON THE STREETS 11 YEARS AGO — THIS SHOULD TAKE ABOUT 4 TO 5 YEARS BEFORE ALL OLD 50S AND SOME OTHER DENOMS TO MAKE IT OFF THE STREETS ENTIRELY SO THIS MEANS THAT THEY EXPECT IT TO TAKE A WHILE FOR ALL TO BE EXCHANGED BUT THIS IS NOT OUR REGULATIONS OR TIMELINE — THAT IS NOT RELEASED YEY [Back to the old question: Will there be a time limit to turn in our DINAR? How much time do you think we will have to turn in our DINAR?] I WONT GUESS HUN BUT ALL THE REGULATIONS WILL BE GIVEN TO US WHEN THE INTERNATIONAL RATES ARE RELEASED TO THE MARKET…
10-30-2014 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” …the new timeline of 5 years may certainly imply a deal was made to manage float it now over that timeline to…1. start the process so a market economy can start. 2. provide adequate time to [stabilize] the country and remove ISIL. Time was clearly wasted. Let’s all hope they are on the fast track now to correct some of this.
10-30-2014 RUMOR Guru GOOD THURSDAY EVENING AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS…TODAY AS YOU WILL FIND OUT IN THE FUTURE (IF YOUR PRIVIED) THE PARAMOUNT SIGNIFICANCE OF THE MAGNITUDE OF ACCOMPLISHMENTS MADE ON ALL OUR BEHALF LAST NIGHT AND TODAY. IT PRESENTLY APPEARS THAT OUR LANDING IS VERY IMMINENT WHEREAS BEFORE WE JUST GOT A WAVE OFF AND HAD TO CIRCLE AROUND AGAIN DUE TO CHANGES MADE IN PROTOCOLS AND PROCEDURES…BARRING ANY CHANGES I HOPE TO ATTEMPT ANOTHER APPROACH IN SHORT ORDER. I HAVE NOT BEEN GIVEN LANDING INSTRUCTIONS BUT I HAVE CROSSED THE OUTER MARKER. LETS PRAY A.T.C. DOESN’T CHANGE THEIR MIND TONIGHT AS THINGS LOOK EXTREMELY PROMISING PRESENTLY.–NUFF SAID
10-30-2014 Intel/Newshound Guru tman23 Many Iraqi’s are displaced outside the country and unable to collect their pensions etc…They are signed up to be paid on the Qi card but the card only works in Iraq …Qi is telling all customers that “by the end of the year” the card will be able to be used at ATM’s over 500,000 terminals world wide. NOW give this some thought……. If the Iraqi is paid say 1,600,000 dinars per month and Iraq RV’s this person would be cleaning out ATM’s in Turkey , Jordan etc….. Not to mention a major part of the population would leave Iraq for safe havens…If they remove the zeros first then go 1-1 not much changes…The debate in Parliment has been a deficeit of 50 billion and the argument is to cut it down to 14% (12 billion)…The interesting part is these figures 12 billion would be the amount including raises which figures in to a 1-1…and 50 billion figures close to 3.4…Some may argue that these figures have nothing to do with RV or CBI…But it works!
10-30-2014 Newshound Guru Adam Montana [It has been said that no RV can happen until the 2015 budget is passed? Do you agree with this?] I agree only because it is possible to get both things done at the same time. HOWEVER, it’s important to understand that if they pass a budget today and RV tomorrow, we would likely see a NEW budget the following day…but honestly, at that point…who cares?! [What are your contacts saying about HCL is complete or not?]
It is not officially complete yet – but that’s not to say we won’t see it in the news today or tomorrow.
10-30-2014 Newshound Guru Millionday Article quote: “Concluded yesterday evening events Baghdad International Fair Bdorth 41 amid the presence of a striking and distinct different companies represented twenty Arab and foreign countries.” THE REASON THEY WERE AT THE TRADE EXPO/FAIR WAS TO DEFINE ALL THEY OFFER FOR THE INTERNATIONAL COMPANIES TO COME IN AND USE THEIR BANKING TO BOOST REVENUES — THEY ALSO ARE NOW WORKING TO MAIL OUT VISAS TO ALL THE IRAQI CITIZENS AND BANK ACCOUNT HOLDERS SO THEY CAN USE THEM IN ALL GLOBAL COUNTRIES OF THE WORLD AND EXCHANGE AT AN INTERNATIONAL RATE. THE ONLY WAY THIS IS POSSIBLE IS WITH EXCHANGE RATES BEING RELEASED AND THEY HAVE TO BE REALITY RATES…ALSO WITH INTERNATIONAL ACCPETANCE.
10-30-2014 Newshound Guru Kaperoni …the spread is lowering again…the CBI has it down to 1202 which is pretty much top of compliance…2%, but they must hold for 90 days and the CBI has been pretty good since late Aug around 1202-1205 so by end of year, they may be at a point where the IMF would allow the transition and coincidently, the CBI will have replaced a fair share of the worn out dinar…sounds like solid ground to me.
10-30-2014 Newshound Guru Adam Montana [How can a country even think of revaluing their currency when there is such disruption within their borders? Is it naïve to think of an immanent RV could happen with the HCL (completion) and the filling of parliament with all the disruption.] IS was definitely a major consideration a month ago – today, not so much. The disruption within their borders may seem like a major deal to us, but for them it’s just a way of life. It was no different before the value plummeted to worse than 2000:1, it has already doubled in value since that time in spite of the continued turbulence, and I see no reason to think that they will not continue to increase the value particularly once the HCL and Budget are in place.
10-30-2014 Intel/Newshound Guru Poppy3 TRY AND TELL ALL THE COUNTRIES THAT TOOK DINAR FOR WAR DEBT THAT THEY ARE GOING TO DROP THE 3 ZEROS’ FROM THEIR CURRENCIES AND JUST GIVE THEM $25.00 FOR THEIR $25000.00 NOTES…THE WAR WOULD START OVER.
10-30-2014 Newshound Guru Adam Montana […what you think about the VND doing anything in conjunction With dinar? Or is Vietnam likely to do something on there own?] I think the idea stems from the talk of a “Global Currency Reset”. I’m not going to say a GCR is impossible, but I will say it is highly unlikely and the IQD will be revalued based on the rate that the CBI feels it can successfully sustain… which has absolutely nothing to do with the VND. So, to answer your question – nope, the VND and IQD will not be tied together in a change of value.
10-30-2014 Intel Gurus Delta & Frank26 URGENT FROM IRAQIA TV: CBI IS PREPARING TO ISSUE SEVEN SMALL COINS. IT IS IMPOSSIBLE for fils (coins) and LD’s (Lower Denominations) to be used at a program rate of 1166 because the currency value would be a negative number. The CBI would first have to introduce a higher rate and have the laws to do this MR via the CBI. AND…The 000’s would be lifted in conjunction (at the same time )…In order for the TRUE VALUE to be exposed.
10-30-2014 Intel/Newshound Guru tman23 I am 99.9% positive that Iraq is going to be international with their currency before the end of the year…And a conundrum they face with declining oil prices is a 1-1 revaluation does absolutely nothing for their global import purchasing power. I do believe Nov 3rd -4th we will hear an announcement out of Iraq and it will show some type of monetary shift.
10-30-2014 Newshound Guru Adam Montana [ I read an article today that stated Iraq would use a 1-dinar note which consisted of 1000 old dinars and a 5-dinar note which consisted of 5000 old dinars. they did state it was a “lop”. If this is true, what does this mean for our value?] That situation is indeed a “lop”, which is a 0-sum event BUT would cost the country of Iraq a LOT of money… I just don’t see it happening at this time.
dinarguru
