Iraqi Dinar Guru opinions 2-4-17
Iraqi Dinar Guru opinions 2-4-17
2-4-2017 Newshound/Intel Guru BGG Article: “The battle for Mosul: I have never seen such hard fighting like this” Daesh has lost half the city so far. There is no hope they will regain it. The UN came out of a security briefing just yesterday with a time-line in their heads… their comment “Daesh’s days are numbered”…They did not say – directly. I take “numbered” to mean – no so long. …I don’t see Daesh in full retreat (yet) – but there is no doubt they are on the wrong end of things right now.
2-4-2017 Newshound Guru Kaperoni Article: “Currency damaged .. share ample haunt the people of Kirkuk and dissipate their salaries” Quote: “…calling on “State-owned banks to address the currency damaged because the majority of the provinces dealt with the damaged currency through government banks…” This is a very important thing. Remember last time they were about to start the program under Shabibi and the currency was also worn out. When they didn’t, they ended up reprinting many of the notes (under Abdel Basset Turki) so the citizens would continue to use and have confidence in the dinar. To me, it looks like we are getting to that point once again. Hopefully, the CBI will begin currency reform this time along with electronic dinar to move the economy forward. Another reprinting is not beneficial.
2-4-2017 Newshound Guru FrostyTheSnowman Maybe I’m having a “Brain-Freeze” …but with all of this political “POSTURING” in the Middle East … I kinda wonder if we’re in for a little “show-down” with Iran … which could INSTANTLY SHOVE oil prices up … providing some excellent “cover” (distraction) for an RV to silently pop in the still of (any) night.
2-4-2017 Newshound Guru Kaperoni Article: “Iraq and the United Nations sign an agreement to establish a fund to finance the “economic reform” I believe Iraq is coming to a crossroads in a few months. Once Mosul is clear, there are no more excuses to not build a market economy. And under the current circumstances, Iraq has little choice but to pass the laws and open the banking system. The other option is not good since Iraq cannot even make payroll under the currency revenues and oil dependence. They will need to put people back to work to rebuild and develop the economy very soon or this could all start another cycle of violence and instability.
2-3-2017 Intel/Newshound Guru Mnt Goat I have to clarify something to everyone concerning this value of the dinar against the US dollar. When we talk about the increase in the dinar rate for the RV we are not talking about or looking for the “artificial” rate of the dinar at 1170, 1166, etc to rise. No correlation! The “artifical” rate, as the CBI and IMF determined for the sanctions is just that “artificial” nothing else. So don’t wait and watch the current dinar rate (artificial rate) to rise for our RV increase Or sign that our RV is close at hand. Absolutely no correlation! The CBI only keeps talking so much about this “artificial” rate because they must get it stable against the US dollar, to which it is pegged to right now. That is all. So when the time comes and the CBI is ready they will raise the value of the dinar but this will only happen out of necessity so the market economy can operation freely, thus they will move from the currency “closed” economy to the “open” or “global” free trade economy. They were never intended to stay in the artificial rate.
2-3-2017 Newshound Guru mike Article: “Iraq: Calls to raise the value of the dinar” Quote: “He guessed expert Rahim al-Shammari, that «the sale of crude oil price increases in the world markets, because of« OPEC »and nations outside the Organization agreement means that the coming months will see a rise in prices». Did not rule out that the «estimated price of a barrel of crude oil between $ 55 to $ 65.»” I guess anything is possible, but…I can’t see oil getting above $65 a barrel in 2017. Fracking has really done a number on the amount of oil produced on a global scale. Oil isn’t enough, Iraq has to move towards an open market economy to survive. Borrowing billions of dollars every year isn’t sustainable.
2-3-2017 Intel Guru RayRen98 If everything pans out according to the information I’m hearing, this should be our last Friday prior to the event, but I wont’ know until it actually takes place. However, based on the information and new information, I do think this is the last week. They cannot drag this out week after week; at some point, this pot is going to boil. It may very well be before next Friday, but I don’t sit in on those round table sessions…but don’t be surprised if we are NOT here next Friday. Don’t be surprised. I look forward to hearing some interesting things between now and Monday.
2-3-2017 Newshound/Intel Guru BGG It plainly appears both the CBI and Abadi had imagined there would have been a change already – they said as much. However, whatever the set of circumstances required were not quite in place yet.
2-3-2017 Newshound Guru Kaperoni Article: “Iraq: Calls to raise the value of the dinar” Iraq is in desperate need of rebuilding. From streets, to sewer to buildings, their is little time to waste. Iraqi’s need to go back to work and private sector is the only solution. As [Guru] Mike has pointed out numerous times, the government is already spending more than it makes so they cannot afford more of the population on the state payroll. I am watching Mosul closely, IMO as soon as this is liberation is done, the GOI, CBI must act by activating the market economy. Give it 2-3 more months and we should begin to see some moves.
2-3-2017 Newshound Guru loop Article: “Iraq: Calls to raise the value of the dinar” Quote: “Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq».” Very encouraging article, but keep in mind that the the main person quoted in this article, Essam Mahouelle, is an academic and not one of the major players in making these type of changes. I still think it has merit in that there is a growing number of economists who are echoing the same thing. [CBI is who is going to revalue the currency.] They are. Alak has telegraphed that as much as he can… IMO.
2-3-2017 Newshound Guru Aggiedad77 Article: “Rafidain Bank called civilian retirees for ameal in February salaries” Quote: “Press office of the bank said in a statement, responded to Twilight News, that the bank began paying civilian pensions for a meal in February 2017 “. “He said this includes the smart card holders to Card and retirees manual exchange.” well what have we here…a week ago they wouldn’t or couldn’t pay…now suddenly…how coincidental…money is made available…how where oh where did it come from now.
2-3-2017 Intel/Newshound Guru Mnt Goat Article: “An invitation to take advantage of the investment companies to activate insurance” Quote: “to create an effective, equitable, secure and stable market provides protection to customers of the risks and the technical and financial foundations of sound”. We know in order to have a successful market economy Iraq will need the insurance sector to take part. …protection for the investors…this is all exactly what we would expect to see in a move towards a market economy and want to see happening at this point. Can they do it with a currency that is worthless? How do these foreign investors pay for their insurance? These insurance companies coming into Iraq will surely be foreign and so do you think they will want to mess around with or can even function with this sanctioned currency and a “closed economy”. …here is another entity too that will want to take its profits abroad, the insurance company. Also how do they pay out on claims if they can’t readily and easily convert (exchange) from one currency to the next? Hope you get my point?