Iraqi Dinar Guru opinions 6-12-15
Iraqi Dinar Guru opinions 6-12-15
6-12-2015 Newshound Guru Enorrste Article quote: “Economic Adviser to the Prime Minister called on the appearance of Mohammed Saleh, to adjust the exchange rate by the central bank.” As I see this Saleh is advocating…for the CBI to go ahead NOW and move to a floating currency. Once the official rate is the same as the street rate, then the demand for dollars becomes meaningless, right? If I have to pay a commission to someone to buy dollars when my dinars are going to go up and down just as the dollar does, why would I do that? I wouldn’t. Remember, what happens WITHIN a country is different than what is happening OUTSIDE the country. We know that with our own currency: it goes up and down outside the country, but is still “just a dollar” at home. The same will happen with the dinar: it will be “just a dinar” and no “difference” inside the country between it and a dollar will matter. Once the incentive to buy dollars is removed by changing the exchange rate regime, then the fire to abandon dinars in favor of dollars will go out. At that point, market forces will come into play and the dinar will rise in value…once it is set free natural market forces will show that it is actually STRONGER than the dollar. This won’t take long, either, because if they change the exchange rate regime then that means that OTHER people besides locals will have access to the currency. This includes speculators.
6-12-2015 Newshound Guru Enorrste Therefore, I see this as a bold move on Saleh’s part. I also see that it may be at the prodding of Abadi or at least with his consent. Remember, Saleh works for Abadi. He won’t open his mouth unless he has cleared his views first with his boss. This, then, is an internal discussion between Saleh and Abadi, on the one hand, and Allaq, the head of the CBI, on the other. It is, in essence, a statement from Abadi to Allaq telling him that, in his view, it is time to move forward with the change in the exchange rate regime. It would not surprise me if the change in the exchange rate regime occurred simultaneously with the issuance of the 50000 dinar notes. Now, the CBI is still autonomous, so we don’t know if they will take the bait or not. Therefore, it is possible that nothing will come of this: we have seen this before, many times. Of course I could be wrong, but I just can’t believe that Saleh would recommend to anyone that the offical rate be reduced. Hang in there. If Saleh’s recommendation today comes to fruition we may actually begin to see movement in the right direction, finally.
6-12-2015 Newshound Guru Aggiedad77 Article: “Expert (time): overlap FAQ encourage money laundering in the country” The Finance Ministry is attempting to bring a halt to money laundering and smuggling of currency out of the country…they apparently have been struggling in this area and as a result have asked the US Treasury for assistance in monitoring what goes out of Iraq…who is sending, where is the currency going, how is it being used and such…in 2014 Iraq ranked 6th globally as a high risk of money laundering…not a list you want to be at or near the top of for sure.
6-12-2015 Newshound Guru Aggiedad77 Article: “The central bank back on its earlier decision to deny an auction of 14 banks currency terms” Earlier this week we saw the CBI take action against 14 banks within Iraq where they withdrew their ability to participate in the currency auction…well today that decision was rescinded or turned around by the CBI…Not without consequences it sounds like…each of the 14 were made aware the CBI would be monitoring the actions of the bank closely through some traceable means available to them…the CBI wants the banks who are involved in the currency auctions to be seen as clean and above board in their currency transactions…no smuggling…no corruption…Their earlier actions had of course pushed the dollar higher as would be expected that old “supply and demand” issue that we’ve talked about for months…each of the banks has 10 days to get its house in order or face losing the ability to participate in the auctions altogether.
6-11-2015 Intel Guru SteveI …I am still being told by many that once Iraq has ISIS under control and they will fairly soon, then look out, it will be full steam ahead.
6-11-2015 Newshound Guru sczin11 FLASHBACK…SEVERAL MONTHS BACK, CHALIBI, ACCUSED CBI ACTING GOVERNOR, OF HAVING FRAUDULENT/COUNTERFEIT EDUCATION CERTIFICATES, FOR BOTH HE AND HIS DAUGHTER, WHO SUPPOSEDLY IS EMPLOYED AT THE CBI AS WELL. THE ACCUSATIONS WERE IN INK, THE EVIDENCE TO PROVE, JUST IN THEORY…THAT BEING PART OF A STASH OF DOCS THAT DR. SHABIBI LEFT WITH, WHEN MALIKI WENT AFTER HIM…REMEMBER, CBI ACTING GOVERNOR, MOSHIN ISMAIL/ ALI ALAAQ, KEYWORDS… WAS PART OF THE MALIKI SUPPORT TEAM FOR YEARS…WHY NOW, AFTER SEVERAL MONTHS OF HEARING NOTHING FURTHER, AND MUCH RHETORIC OF ALL THAT KEYWORDS HAS BEEN DOING, PLAYING BALL SO TO SPEAK, ARE THESE STRONG ACCUSATIONS IN INK, TODAY, AGAIN WITH NO SUPPORTING EVIDENCE? REMEMBER, TOO, IN ORDER TO BRING DOWN THE CBI GOVERNOR, THERE MUST BE JUST CAUSE! WHAT IS CHALIBI TRYING TO ACCOMPLISH NOW?
6-11-2011 Newshound Guru sczin11 AT THIS TIME OF ALL THE RHETORIC OF ISSUING THE NEW NOTES, STABILIZING THE CURRENCY, REDUCING NOTE COUNTS, ALLOWING IMPORTERS TO SEND FOREIGN CURRENCY REMITTANCES TO PAY FOR GOODS THROUGH THE BANKS, MERGING RAFIDIAN AND RASHEED, HOR ON RECESS, RAMADAN COMING AROUND THE CORNER, ETC… WE HAVE THE FINANCE MINISTER SHOUTING OUT AT THE MAN WHO CAN CHANGE THE FINANCIAL STATURE OF THIS GREAT NATION, YELLING OBSCENITIES. WHO ARE WE TO BELIEVE IS ACTING IN THE BEST INTEREST OF THE POOR CITIZENS OF THIS LAND OF RICHES? WOULD IT BE THE HISTORIC ALY OF THE FORMER PRIME MINISTER, THE SELF SERVING MASTER OF COUNTRY DISASTER, OR WOULD IT BE THE MAN APPOINTED BY THE NEW REGIME, THE NEW IRAQ, THE ONE EMPOWERED BY THE BUDGET LAW, TO IMPLEMENT FINANCIAL REFORM, TO BRING IRAQ INTO THE OPEN GLOBAL MARKET ECONOMY? CHALIBI IS DOING HIS BEST TO FINISH THE INITIAL PLAN TO WHICH HE WAS APPOINTED…IMHO, IT IS HIS RESPONSIBILITY AND DESIRE, TO BRING BACK INTO THE PUBLIC EYE, DR. SINAN AL SHABIBI!
6-11-2015 Newshound Guru Millionday Article quote: “Iraq asked the United States to help him in tracking money laundering and exit of foreign currency operations. A statement from the Ministry of Finance and received “The Minister Hoshyar Zebari asked the Assistant Secretary of the Treasury for combating the financing of terrorism and operations, US money laundering Daniel Glazer during his visit to Iraq to help his ministry to track money laundering and exit of hard currency out of the country to foreign banks’ operations.” OF COURSE THIS IS WONDERFUL NEWS DUE TO THE THREATS TO THE GLOBE AFTER 9/11– THEY HAVE MADE MANY STEPS TO ENSURE THAT TERRORISM IS NOT FUNDED THROUGH MONEY LAUNDERING AND FRAUD TO PROTECT US ALL — THEY HAVE ASKED THE UNITED STATES TO HELP TO MONITOR THAT NO MONEY IS BEING USED BY TERRORISTS SO THEY ARE DEPRIVED OF FUNDING.
6-11-2015 Newshound Guru Millionday [I find this article’s timing is interesting. The United States of America is the one behind the FBI investigation on Sterling and the complaint is now public record. Money Laundering is the offense.] I THINK THAT OUR PROTECTION IS OF THE UTMOST IMPORTANCE AND DONT KNOW ABOUT THE INVESTIGATION BUT AM GLAD THAT PROTECTION IS BEING ASKED FOR BECAUSE IT SHOWS THAT IRAQ IS AN ALLY BY HELPING IN GLOBAL PROTECTION AS WELL.
6-11-2015 Intel/Newshound Guru Poppy3 Iraqi Dinar Revaluation READ THIS AND REMEMBER OLD POPPY3 INFORMED YA’LL YEARS AGO THAT $4.3 TRILLION DINAR WAS DELIVERED TO THE UST … DOESNT SOUND LIKE THEY NEVER PLANNED ON RV DOES IT.