Iraqi Dinar Guru opinions 5-31-15
Iraqi Dinar Guru opinions 5-31-15
5-31-2015 Newshound Guru Millionday THEY FORMED A GROUP TO MONITOR THE MONETARY POLICY LAUNCH AND ECONOIC REFORM AS WELL… Article quote: “it is deleted three zeros from Almtadolh currency now put metal and paper dinar parts, including (5, 10, 25, 50, 100, 250 and 500 fils)” THIS IS FROM LEADING ECONOMIST… HE IS ANNOUNCING THE NEW DENOMINATIONS THAT THEY WILL NEED TO USE. THE NEW CURRENCY THEY ARE TALKING ABOUT TO BE INTRODUCED NOW…ARE MUCH MORE SECURE THAN THOSE IN THE PAST AND THEY ARE SAYING MORE SECURE THAN OTHER COUNTRIES. […is this new currency printed and ready to go…?] THEY HAVE CURRENCY PRINTED…
5-31-2015 Newshound Guru Millionday [For those among us who are new… “deleting the three zeros” has a somewhat scarey vibe to it. Is this phrase an indication of: (a) deleting the zeros in front of the 86 (b) retiring the large (000) notes from circulation? Or, (c) something else?] IT IS EXCHANGING THEM FOR THE CURRENCY YOU WANT TO USE IN YOUR COUNTRY FOR THE INTERNATIONAL VALUE THEY PUT OUT ON THE STOCK MARKET OR CBI-BANKS ETC — WHEN THEY ENTER A MARKET ECONOMY.
5-31-2015 Intel/Newshound Guru Poppy3 …LET ME SAY THAT ABADI, JABOURI AND THE TEMP CBI LEADER STATED TO THE ENTIRE PUBLIC OF IRAQ THEY WANTED FINANCIAL REFORM IN MAY WELL IT APPEARS THEY MAY HAVE MISSED THE DATE BUT ALSO THAT THEY AREN’T OR HAVENT MISSED IT BY MUCH AT ALL. THEY HAVENT ALLOWED A DAY OFF FOR ANY OF PARLIAMENT OR THE COMMITTEE’S IN OVER 3 MONTHS AND ARE STILL SAYING NO TIME OFF TILL THEIR JOB IS COMPLETE. …NO ONE HERE KNOWS WHAT IS NEEDED BUT THEIR LEADERSHIP HAS THE COMPLETE CHECKLIST PROVIDED BY AND AGREED ON FROM THE IMF, WORLD BANK, UNITED NATIONS AND THEY KNOW AND WILL NOT STOP TILL THEY COMPLETE THE REQUIREMENTS. REMEMBER THEY NEED THIS AS BAD AS WE DO SO RELAX IT IS COMING FOR SURE.
5-31-2015 Newshound Guru Millionday [With Iraq and Kuwait sharing the same oil fields and the kuwaiti dinar at $3.30 would you say that it makes sense globally for the IQD to be at that same rate if not more?] THE INTERNATIONAL EQUATION INCLUDES MANY THINGS AND THEY COULD USE THE PEN FOR PRICING — SO NO WAY TO GUESS BUT I WOULD NOT BE SHOCKED FOR THEM TO BE CLOSE IN VALUE BECAUSE HISTORY REPEATS ITSELF IMO AND IT DOES MAKE LOGICALLY SENSIBLE — BUT I HAVE NO IDEA WHAT THE RATE WOULD BE.
5-31-2015 Intel Guru Jester [If we see an RV, will there be multiple currencies revalue at the same time? Of course, all currencies will revalue against the dinar if it revalues but, will some revalue on their own at the same time?] I DO NOT THINK THAT THERE WILL BE THAT SORT OF A SCENARIO… IN MY OPINION THE RESET IS NOT REALLY WORKING OUT TO BE THE FLIP THE SWITCH KIND OF THING THAT WAS PREVIOUSLY EXPECTED… THERE IS GOING TO BE A LOT OF ASSET VALUATION AND ADJUSTMENT GOING ON OVER SOME PERIOD OF TIME…
5-31-2015 Newshound Guru tlm724 Article: “Rafidain Bank is coordinating with the International Monetary Fund for the development of the banking business in the country” Rafidain Bank, announced a steady bilateral cooperation with the International Monetary Fund in the context of providing advice regarding the development of the work of banks in the country…now thats good news! Consulting with the IMF, again it’s about time they listened! Rafidian Bank is actually growing and going global, all good signs for them and for us.
5-31-2015 Newshound/Intel Guru BGG [What’s your thoughts for tomorrow?] I am as hopeful as everyone else – however, I’m not invested in any date over another. To me this is an investment – I’m glad I got in…that is my personal stance… I also am exactly what I have advised over and over – prepared.
5-31-2015 Newshound Guru Kaperoni It is hard to imagine under the current conditions (decisions of the CBI) that they would be exiting the peg and moving to the float exchange regime in the near future. They are still trying to solve the remittance issues, foreign currency sales, market rate spread, smuggling, money laundering, counterfeiting, etc. Monetary policy is not good right now and IMO not conducive to reform. It’s almost like they are on a sailboat with torn sails and high winds trying to just hang on. The term “disorderly” is clearly apparent. With all that being said, there is a strong case for urgent reform and we will have to just wait and watch to find out. The 2015 IMF Article IV Consultation comes out mid to late July.
5-30-2015 Newshound Guru Millionday “To / banks approved the exercise of all banking and money transfer companies approved all and mediate the sale and purchase of foreign currency approved all companies ( members of the Board of Directors and Director Commissioner ) ” THIS…IS A DIRECT ORDER FROM CBI TO BANKS. [so does that mean immediate?] YES IT DOES NOT HAVE A HOLD OFF DATE — IT IS A DIRECT ORDER. THINGS SURE LOOK EXCITING RIGHT NOW.
5-30-2015 Newshound Guru Breitling …Obviously the 40 trillion in dinar in the money supply doesn’t just count the notes. The money supply of the country has to do with their reserves, the dollars, all the bank notes they have from other countries, coins, gold, silver, the dinar itself, But we are concentrating on the dinar because all the other currency or the reserve or what wealth they have in Iraq that’s what adds value to the currency. If you have 6 Billion notes and you reduce it down to 4 billion whatever was backing it up is backing up less and less notes so every note that’s left on the market is gaining more and more value and that’s the whole point. Don’t get confused with the “amateur” bunch that they have 40 trillion dinar notes in the market because it doesn’t say that…they never have. The articles says the country is suffering from a contraction in liquidity of both dinars and dollars and the VALUE of the money supply is less than 40 trillion dinars…
5-30-2015 Intel Guru Frank26 This is what has ALL our TEAMS excited Quote: “…according to the monetary banking law, has to be a return to basic sources which constitutes a strong factor in restoring confidence to our national currency…” According to LAWS! That are NOW in place with the GOICBI and her recaptured regional banks in Iraq…THEY HAVE TO LIFT THE DINAR’S THREE ZEROS from the IMF’S PROGRAM RATE because these LAWS are NOW demanding this step in the MR [Monetary Reform]. Along with THE GREEN LIGHT from THE IMF to do these LAWS and LIFT THE THREE ZEROS… Tomorrows CBI SS (Spread Sheet) will be in logarithmic growth.
5-30-2015 Newshound Guru sczin11 DO WE REALLY NEED LAWS PASSED FOR COMPLETION OF MONETARY REFORM? IF SO, A FORMALITY FOR WHAT EVENT? …NONE OF THE LAWS ARE DIRECTLY CONNECTED TO A SIGNIFICANT INCREASE IN THE EXCHANGE RATE OF THE NEW IRAQI DINAR…NONE OF THEM WILL ADD PURCHASING POWER TO THE IMPORTERS…NONE OF THEM WILL BUY MORE PRODUCT FOR THE CITIZEN, FOR LESS DINARS…NONE OF THEM WILL ELIMINATE THE COMMISSIONS AND EXCHANGE FEES FOR CONVERSION OF DINAR TO OTHER FOREIGN CURRENCIES…AND NONE OF THEM WILL INSTANTANEOUSLY MAKE THE IRAQI DINAR INTERNATIONALLY RECOGNIZED AND TRADABLE ON THE INTERNATIONAL MARKETS…IT IS MY SINCERE BELIEF THAT THE TIMING OF THEIR PLAN, HAS COME…IT HAS BEEN IN THE WORKS SINCE AROUND DAVOS MEETING IN JANUARY, WHEN ABADI STATED, “IRAQ IS OPEN FOR BUSINESS!”
5-30-2015 Newshound Guru sczin11 THE CHANGES WE SEEK MUST BE ON THE DOORSTEP NOW, OR THE RHETORIC WE READ WOULD NOT BE VISIBLE… YOU SEE IF THE CHANGES OCCUR BEFORE THE LAWS ARE IN PLACE, MANY OF THE BENEFITS WILL NOT BE REALIZED…FOR EXAMPLE, INVESTORS NEEDING AND DESIRING THE CHANGES IN THE INVESTMENT LAWS, MIGHT STILL DELAY THEIR MONEY FROM ENTERING THE IRAQI MARKET, EVEN IF THE CURRENCY CHANGED…BUT AGAIN, THAT DOES NOT MEAN WE CAN NOT SEE THE CHANGE FIRST…AS A MATTER OF FACT, CAN YOU IMAGINE THE PRESSURE IT WOULD PUT ON THE HOR, IF MR WAS COMPLETED, AND THE LAWS WERE NOT? WE ARE STARTING TO SEE TALK ABOUT FUNDING THE PRIVATE SECTOR…DO YOU UNDERSTAND WHAT THIS ENTAILS, AND MORE IMPORTANT, WHAT IT MEANS? LAST, HOW MUCH MORE PATIENCE WILL THE KURDS EXHIBIT…SALE OF OIL, AND …THE ESX! THINK ABOUT IT.