Iraqi Dinar Guru opinions 11-15-15

Iraqi Dinar Guru opinions 11-15-15

11-15-2015 Newshound Guru Kaperoni IMO the IMF under the new MoU (Memorandium of Understand) will manage the CBI monetary policy for a year. And IMO that will include helping them transition into the global marketplace…monetary policy is pretty straight forward and well documented…when the CBI wants to change, they simply will change the procedure…As they stated will occur before the middle of 2016. [Please explain the change in “procedure” by the IMF…] a change in procedure is fixed to float. there is no rv…the IMF Article IV, that is confirmation. [I think you have to consider conditions today…] the CBI already did that..what do you think the 50k is for? poor conditions prevent the CBI from moving at this time to a float. Therefore the 50k is a pacifier for the citizens. [IYO…is that also the move from a dual currency and operating only on the IQD?] iraq can never get rid of the dollar 100% they sell oil.

11-15-2015 Newshound Guru Kaperoni monetary policies are not reinvented weekly or yearly or whenever you want. They are tried and tested and well thought out…the IMF has a clear plan for the dinar…well documented…same for any other emerging market. …the rate is the rate. when they transition its just that…one day we are pegged, the next we are floating. The rate is what it is at the time. Which today is 1166. the dinar is international now and they are not floating it…it is pegged. they want to free float, no limits. [if dinar is international now how come banks in the US can’t buy or sell it?] simple they dont want to. I assure you if a bank wanted to exchange dinar, they could…too risky. [Did Shabibi say in Jackson hole Wyoming in 2010 that the rate would be 3.22?] I am sure the Iraqis would love 3.22 but they never said that would happen overnight. THe UST and the IMF and the fiance committee within the last week all told the CBI to free float the dinar…that is as clear as it gets…not an overnight event. [free float from 1166 correct?] …where ever it is when they move is what it starts at.

11-15-2015 Intel/Newshound Guru Poppy3 RV IS MOVING ALONG AND THINGS ARE VERY PROMISING. THE DONG IS ALSO BEING DISCUSSED DAILY THAT THEY NEED TO INCREASE THE VALUE SO ALL NEWS IN GOOD. NOTHING STATUS QUO.

11-14-2015 Newshound Guru Millionday [Do you believe till maliki is arrested we won’t see a RV?] NO I DO NOT AGREE WITH THAT.

11-14-2015 Newshound Guru Aggiedad77 What is likely to happen…IOO…is the LD’s need to be brought forward…why else would they have risked moving them from the US to Baghdad…to the CBI…not to bring them out…what purpose would that serve…but to bring them out…they need value…something far greater than 1166 as a value…have patience…be strong today and stronger tomorrow…the BEST is yet to come.

11-14-2015 Newshound Guru Millionday Article quote: “the «Special Representative of the Secretary-General of the United Nations in Iraq, Jan Kubis gave the end of last week to the United Nations Security Council, the report prepared by the Secretary-General of the United Nations Ban Ki-moon on the situation in Iraq.” THE UN SECURITY COUNCIL HAS APPROVED THE REFORMS GIVEN TO THEM A FEW DAYS AGO — THIS IS THE LAST OF THE REFORM ACTIVATION — THE ECONOMIC IS THE LAST ONE ACCORDING TO ALL THE INK I HAVE. THE MOVE FORWARD WITH THE LAST OF THE REFORM PACKAGES IS URGENT AND SO IS THE NATIONAL RECONCILIATION CONFERENCE ACCORDING TO THE UN SECURITY COUNCIL – THEY HAVE TOLD IRAQ THIS IS CRITICAL AND USED THE WORD — URGENT — LOVE IT.

11-14-2015 Newshound Guru Kaperoni …the zeros (3 zero notes) cannot go away until the dinar has appreciated to a value that lets the CBI collect and destroy them. It does not mean they won’t start to raise the value within the next few months as we predict. That being said, the CBI was clear, the 50, 100, 200 is expected to come out early or starting 2017. That would put the rate at or about .05 cents or so. ..which is what we expect. It may take 16 to 24 months to raise the value to a 1 to $1 rate in which the zeros are then “technically” deleted. I think everyone here expects the float to begin during the 1st half of 2016 which matches with the IMF statement and the goals for 2017. So in reality, if parliament passes the laws, investors begin to flock into Iraq, and the CBI (with the help of the IMF) gets monetary policy under control, the 50K note works to reduce the paper, and the decision is made to exit the peg to a float by mid 2016, the nominal rate could be less or more than that educated calculation (we think about 5 cents). Lot’s of “ifs” here so we wait and see how it plays out.

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