Iraqi Dinar Guru opinions 4-4-17
Iraqi Dinar Guru opinions 4-4-17
4-4-2017 Intel Guru Frank26 On Thursday, a call came in about our MR [Monetary Reform]…it was VERY, VERY POWERFUL. What was said …pay attention to the CBI website (Arabic side) – thank heavens we have [Guru] Delta. The caller was more cautious …measured their words. “Look at the CBI website…it’s making a change.” …ON THE ARABIC SIDE ONLY. Unfortunately…that is all we got from that phone call. I do know there is going to be a change …and we thought something would be put up there very soon. Something IS going to happen. Will it be a change in the RATE?
4-4-2017 Intel Guru Frank26 Iraq has already done everything …all that is left it appears is a change in the rate. What does [Guru] Delta think? He said that they do have to send a NOTICE to the banks…24 hour notice of a change. Exceptions on the regulations are being allowed by the IMF. 1184 to 1882 change <<< they never announced it. So…whatever the change is…it has to be with their numbers. Abadi is 100% ready to go with the MR [Monetary Reform] and ER [Economic Reform]… Abadi called the UN on the phone… He wants them to lift Chapter VII. BTW – Abadi does NOT need Chapter VII to lift the 3 zeros. Interesting he is asking for it. Everything is moving so fast in Iraq right now. I believe we will see a change on the Arabic side of the CBI website VERY SOON…IMO.
4-4-2017 Intel Guru Dr. Clarke Take a Deep Breath. APRIL is the month…wait for it…”APRIL Showers, bring MAY Flowers”…remember?…For some reason, we really like the ring of April 7…guess because it’s a Friday. Fridays are special.
4-4-2017 Newshound/Intel Guru Mnt Goat Okay so 3 articles on HCL in the last couple days. What did I say this usually means? It means the subject matter is important and so we must pay attention. Article: “Parliament warns of a serious economic future” Quote: “…the oil sector cannot be effective and productive unless it has the legal and administrative framework capable of investing wealth properly and in accordance with the Constitution and within the standards of the global oil industry.” I know for a fact the Iraqi constitution must be implemented fully or no RV. Yes this includes HCL too. This has always been the case and so now that they are getting Security and Stability returning parliament is getting back down to business on getting this law passed.
4-4-2017 Newshound Guru EHankins Article “Rashid directs its branches to open letters of credit for companies” Quote: “The face of the Rasheed Bank, on Monday, its branches open letters of credit for companies from the public and private sectors, indicating that the amount of credits are converted at the official rate set by the Central Bank.” IF I WERE A BANK AND I OPENED LINES OF CREDIT TO COMPANIES PUBLIC AND PRIVATE I WOULD WANT TO HAVE A RETURN ON MY LOANS WITH A CONSIDERABLE RATE OF INTEREST. ACCORDING TO THIS ARTICLE THIS IS A WAY OR MEANS OF SETTLING “INTERNATIONAL SALES. I KNOW IT’S A BAD WORD BUT THERE HAS TO BE A RATE…EVEN OFFICIALLY SET BY THE CBI AS MENTIONED IN THE ARTICLE.
4-3-2017 Intel Guru RayRen98 …there have been some announcements and speeches from PM Abadi and from two transcripts of announcements from which we can pull some tidbits of information. For example, “nearly 1.6 million people have returned after the liberation” – that tells us that Mosul has been liberated. Then Abadi made a statement yesterday noting that “confrontation with terrorism and liberation of land didn’t stop us from reforming the economy.” That’s in the past tense, not in the future tense; I believe the public release of information is underway and near completion. Things we thought were done deals are now resurfacing, being made public. All things can line up, such as HCL, Chapter VII, and Chapter VIII. It’s a process, with political theatrics. …we are in a good place. Everything is saying, “this is coming to an end” and I definitely feel this is the week for this to unfold…
4-3-2017 Newshound/Intel Guru BGG [Kushner is in Iraq at the invitation of Gen. Dunsford…it might not mean anything…but there was a lot of rumor about that a few weeks ago…] …what it means is… our President wants his most trusted people on the ground in Iraq. He’s engaged. Not trying to bail out!!
4-3-2017 Newshound Guru Enorrste Article: “Outlook upgrade could help push Iraq’s economic evolution to its next step” This is a very positive sign for us all. When this sort of news finally gets to the mainstream media it means that there is a lot of activity behind the scenes gearing up to enter the Iraqi investment market. I particularly liked this paragraph: “It seems logical to conclude that this implies favorable interest in Iraq and that it would likely be followed by foreign direct investment and eventually by equity inflows,” Tabaqchali said.” This is the “wild west” affect that KAP [Guru Kaperoni] and I have discussed for some time now. Genuine investors have their eyes and ears open for big opportunities, and this paragraph states clearly that they are ready to jump in as soon as possible.
4-3-2017 Newshound Guru Enorrste Now we need action from the IMF to follow through with the transition to a floating currency and entry into Article 8 of the IMF Charter. This will be the key that unlocks the door for most investors. From that point onward…the Balassa-Samuelson Effect will come into play and there will be significant upward pressure on the value of the dinar.
4-3-2017 Newshound/Intel Guru Mnt Goat We know that pm Abadi has met with UN representatives to review the situation in Iraq to work towards removal of all Chapter VII sanctions. Yes – this would also have to include any sanctions against their currency and financial and economy. This would have to mean they will finally get off this “artificial” rate and “closed” economy. WOW! We know just recently the Central Bank of Iraq replaces its emblem with a new one with…strong monetary connotations. In fact the emblem resembles their new coinage, new coinage not even yet launched. So why replace it’s emblem (logo) with these symbols if the intent is not to launch the coins soon? They know from experiences in trying to launch these coins, that it simply will not work unless they get off the artificial rate.
4-3-2017 Newshound/Intel Guru Mnt Goat We know that Iraq has confirmed its commitment to “Governmental directives to amend legislation in the transition to a free economy”. We have already seen many new banking regulations and the enforcement of them. We have seen many new laws and changes to existing old Saddam Hussein laws to regulate outside investors and open up the economy to massive investment. We know about the commitment that the USA has recently stated to Iraq and the reaffirmation that the renewed Status of Forces Agreement (SFA) will be implemented fully under the Trump administration. This gives us confidence and hope in the USA support for increased Security and Stability in Iraq and in the region in the future days ahead.
4-3-2017 Newshound/Intel Guru Mnt Goat So is Mosul liberation all completed… The FACT is there is still no “official” announcement…But all the news now is very promising this may finally be over. I am also told by the CBI they are going to blast out one more educational campaign to the citizens on the process and how the launching of the lower denominations will work. I talk the Central Bank of Iraq quite often and there is absolutely NOT been a new rate in Iraq for in-country or out of country and the lower denominations are NOT yet launched. This is a FACT. What we do know is they told us in a US Congressional Report that a 1:1 with the IQD:USD is most feasible. Also the CBI itself on many occasions has told us the initial rate, when they do get off the “artificial” rate will be either just under or just over $1.00.
4-3-2017 Newshound/Intel Guru Mnt Goat So the economic and financial outlook for Iraq is very optimistic. The security situation is rapidly changing for the better. In fact in an interview with pm Abadi, in his recent visit to Washington DC, he has stated “our economy is booming”. I said really? This statement alone reminded me once again that there is something still holding back the launching of the currency reform and that it was not in fact just in the hands of the CBI to implement, they are only the procedural implementers. Then, just literally days later, out pops a couple more articles about the dinar and yet another about removal from Chapter VII sanctions. Something is about to happen and soon. Can you see it?
4-3-2017 Newshound Guru mike The market rate is the unofficial value of the currency on the streets. Under normal conditions, Iraqi’s would buy and sell dollars through the banks but in Iraq, access to dollars is limited. Right now, Iraqi’s don’t have unlimited access to the dollar so they’re willing to pay more, or 1254-$1 just to get to it. Today’s market rate is 1254-$1 which exceeds the 2% MCP the IMF requires for a country to accept Article VIII. If Iraq can get the market rate down to roughly 1205-$1, they’ll need to hold this for a minimum of 90 days to demonstrate control of the dinar to the IMF.
4-3-2017 Newshound/Intel Guru BGG [have you heard anything on the HCL?] they won’t act on the current HCL structure. They don’t like it. They won’t do it. …I doubt the HCL is any “precursor” to an RV. I don’t think it is required. IMHO.
4-3-2017 Newshound/Intel Guru Mnt Goat Article: “Iraq’s Current Economic Outlook And How it Can Affect Dinar Value” Quote: “The rise will most likely happen when the National Bank of Iraq lifts the artificially low value placed on the nation’s currency in 2003.” …just another confirmation that the rate now on the Iraqi dinar is in FACT an artificially placed rate and it must be removed. …this is much different than what many…believe…that this “artificial” rate must increase. The artificial rate does not matter. …we are not waiting for the artificial rate to do anything other than to go away and for the real value of the dinar to be “reinstated”.