Iraqi Dinar Guru opinions 12-2-15
Iraqi Dinar Guru opinions 12-2-15
12-2-2015 Intel Guru Frank26 We’ve established that Dr. Shabibi is back at the helm…Dr. Shabibi wants this to happen at the beginning of a year or the middle of a year…he said give me a long weekend…they will be gone on holiday starting Wednesday night…all Thursday…all Friday…all Saturday…maybe even Sunday. Is this timing…yes…it is the perfect storm for the RI…the RI…has nothing to do with numbers…it is a qualification of their country to be introduced into an international market…that is why the IQD is not traded right now, because of the locked program rate…no sanctions left to be filled…all are lifted but there are articles under the IMF but it looks like they are fulfilling them. …we think they will start about 40 cents for the citizens…then it may wait 7-10 days or may start right away…they may apply this new number in the middle of December.
12-2-2015 Intel Guru Frank26 Dr. Shabibi is ready to show this new number in the middle of December…the 7-10 day could be for distribution across GLOBAL banks with the 1 to 1 by the first quarter of 2016…then by the end of the year (2016) they will be where they want to be…just ahead of Kuwait…at that point they will cap the rate…that is why it won’t be a free float. It has to be a managed float so they can cap it once they get to the point where they want otherwise with a free float they have to answer to the 2% growth and it would take like 10 years to get to that cap point. IMO when they cap this toward the end of next year I think they will be between 3.86 and 4.30. Parliament is back on the 8th of December, will the rate be affected if they don’t vote the budget in…yes if they don’t do the budget and don’t do the taxes and tariffs then this will delay things…we are confident this will happen…
12-2-2015 Newshound Guru wmawhite […does Iraq have to be in Article 8 before they can have an internationally currency?] Article 8 is the “Good Housekeeping Seal of Approval” to the world financial institutions. There are some Iraqi economists that believe the value of the IQD will need to change in value prior to moving to Article 8. We shall see.
12-2-2015 Newshound Guru Kaperoni “new exchange rate from CBI” [Is this how they are working toward getting within the 2% spread?] Since 1182 + commission is the new official rate, 1214 market rate is at or about 2%.
12-2-2015 Newshound Guru wmawhite [the rate at the cbi has changed…its NOT 1166 anymore.] When you least expect it, an in conjunction with the IMF, the CBI makes a move to close the 2% spread between it and “street rate”.
12-2-2015 Newshound Guru OOTW DURING THE KOBER INSTITUTE INTERVIEW, ABADI WAS ASKED HOW IRAQ COULD EXPAND THEIR ECONOMY IN ORDER TO MEET / REPAY FINANCIAL OBLIGATIONS, VIA LOANS FROM OTHER COUNTRIES – AND HE SAID THAT THE PLAN WAS TO IMPLEMENT THE TARIFF’S AND GET THE PRIVATE SECTOR GOING…SO…THE 2016 BUDGET LAW HAS WITHIN IT, GUIDELINES STATING THAT THE TARIFF’S WILL BE IMPLEMENTED 2016 – WHEN IN 2016 IS ANYONE’S GUESS – BUT STILL, THIS IS VERY GOOD NEWS.
12-2-2015 Newshound Guru Kaperoni Article quote: “He stressed that the central bank «being reviewed in accordance with international standards.” Which means they are working with the CBI to get them into compliance (Article VIII). It does not get really any clearer. There is no reason not to believe that over the next few months that the CBI will achieve compliance. The IMF and the world’s best financial people will help the CBI. So despite what we all might think of Allaq, getting the banking system open and the dinar in Article VIII is now a priority. I think we all can agree, for the first time in a long time, Iraq has a clear goal for monetary policy. We just have to wait and watch. For someone like me who has been in this and watched lots of ups and downs, this is rather exciting.
12-1-2015 Newshound/Intel Guru Arthur Its probably a good thing that we are so numb to this now so that this highly anticipated and exciting moment is going relatively under the radar. In all the years prior most people were really hyped excited as we got close to the 1st of the year and a lot of those years it was just unwarranted excitement driven by rumors. But I am here to tell you, even without referring to the outstanding positive intel I am getting from places that have never been this RV positive before, that EVERYTHING we are seeing at this particular moment in time points toward some positive change in the status quo as we have known it for all these years.
12-1-2015 Newshound/Intel Guru Arthur There are many factors too numerous to count that makes this EOY totally different than others, but one thing we know for sure is we have never seen a working, full blown and implemented budget in Iraq because conditions have never been conducive in this factionally divided nation for that to occur until now. Think back to a few years ago when Shabibi himself said that he would RV the currency if there was the requisite level of economic and security stability. Now think where we are now. No more do we here about provinces falling to ISIS and fear of green zone encroachment but just the opposite that they are defeating ISIS at every turn with the help of PTB air strikes. We have seen the purchase of major tonnage of gold over the past several months to back the asset back IQD and a systematic diminution of the note count to make way for the LD’s that by all indication are now ready to be distributed.
12-1-2015 Newshound/Intel Guru Arthur And most importantly, we now see the beginning of a special session to finally determine the mechanisms for fair distribution of give and take between the center and the region as well all the entirety of the Iraqi provinces via the HCL agreement that is by all indications embedded within the 2016 budget that has been targeted to be completed in this month of December 2015. It is now quite evident that the IMF/UN and other controlling PTB entities including China who is now to have a prominent role in the SDR basket of world currencies which will forever change the international economic landscape as we know it putting new pro RV pressures on the Authors Of The Plan that tell us that the mother of all RV windows has emerged between NOW and Jan 15th of 2016.
12-1-2015 Newshound Guru wmawhite The IMF has stated that Iraq needs to have the “free flow of currencies” and that they (IMF) expects Iraq to re-enter the economy market prior to the first half of 2016. Now, think this through. How well will Iraq do if they are required to have the “free flow of currencies” if business/investors are not able to exchange currencies freely. Instead, they will only have windows that open and close? …and when the status of the IQD changes… when Iraq (meaning) it’s currency is back on the world economic stage it must be free flowing…there are none of these opening and closing of windows… there are none of these “sucker” rates. Zero.
12-1-2015 Intel/Newshound Guru tman23 Do not know why [Guru Randy] Koonce would say there are no 50k notes…Yes they have not released them…BUT…Central Banks do not advertise to their citizens a NEW NOTE and describe the NEW SECURITY FEATURES unless they are ready for release… And there will be no sucker rate… I can bust that theory in a hundred pieces of why it can’t… But I do agree that from 12/15 -1/10 …The window is open to show itself…and that window will close fairly quick…and the suckers will be the ones the window closes on.
12-1-2015 Newshound/Intel Guru Randy Koonce I am sending a note out to give everyone an idea of the place they are in. There is a little window that is open between now and Christmas. I know everyone wants to have a back door but there is no such thing, can anyone say why, well because this is just an RV that is controlled by Iraq and Iraq alone… There is no Global reset that we are waiting on we are not waiting on China or any other country Just on Iraq to RV their currency…China becoming a reserve currency has ZERO to do with the RV… I will talk about the 2 monkeys in the room… the 50K and the 100K notes. First off there is no new Bills anywhere… the article about the big bills is 6 to 7 years old and resurface ever so often. Since I have been in the dinar I have seen the articles at least 4 times. Please keep in mind ALL BILLS have been printed since 2004 there is no new currency. When articles mention NEW currency it is the low bills and that is all…I have contacts in local banks in Baghdad and they did not receive any large notes…
Fact check, you can buy the 50K notes from two different dinar dealers, so they must exist! One dealer says on their website that they would ship in about 2-3 weeks. Is it possible to be delayed further, I guess so, but not likely.
12-1-2015 Newshound/Intel Guru Randy Koonce If you want to try and follow anything in the paper there is only 2 things that matter and that is the tariffs and the payment of Salaries these things have never happened. Before they collect the tariffs they need the RV, before they pay the Salaries they need the RV, before they Pay any country with other than oil that they already have dedicated they need the RV. Kurds have not been paid… I do not post unless there is a chance for it to happen… and we are in a window until Christmas… Just remember it is not a matter of If just a matter of when…this is set to go at anytime, but the political figures involved IRAQ and Obama have to say go. On the Rate it will come out 1 to 1. Obama would not sign off on their budget rate…creating a provisional budget for Iraq…at the dollar rate… 120 to 160 days after the rate will RV again… to the 3 dollar rate…the reason for this is to get all the people out that have 1 mill or less to dump there dinar at a low rate… thus preventing a wealthy class. We are close.. Every large bank will exchange. RELAX the RV is coming…Breathe..
12-1-2015 Newshound Guru Millionday [can they really wait another month?] THIS IS IRAQ AND THE PROCESS NEEDS TO BE VERY ACCURATE – SEEMS LIKE THE MOVE TO THE MARKET SHOULD BE DONE PERFECTLY WITH NO MISTAKES. THEY HAVE CALLED FOR THE ECONOMIC LEGISLATION THOUGH AND THE 2016 BUDGET BEING DONE — WE HAVE TO WAIT BUT THINGS ARE LOOKING VERY ENCOURAGING IMO.