Iraqi Dinar Guru opinions 6-24-14
Iraqi Dinar Guru opinions 6-24-14
6-24-2014 Newshound Guru Enorrste If Maliki is ousted next week…I will be the first one to eat crow. There is no way Maliki is leaving next week, or the week after, or the week after that. Time will tell. I have my seasonings ready if I have to eat crow, but I’d wager I won’t have to. If/when parliament meets, Maliki will assert his right under the Constitution to form a new government. Then 30 days later, he will appeal to the same process he employed 4 years ago and got approval for from the Supreme Court. In other words, nothing will happen for at least another 45 days.
6-24-2014 Newshound/Intel Guru BGG [I never have understood why Maliki seems so opposed to a revalue of the currency?] He’s an Iranian proxy – has been a “weak Dinar policy” guy from day one. Should he manage (by some miracle) to stay – any RV you might see under him won’t be the kind we have imagined…it will start much lower. JMHO. He is ruthless and that is one way to get Iraq off the hook for cheap… most of the 3 zero notes would be off the market within days. [with a new PM would you think we might see a higher exchange rate?] IMHO – yes.
6-24-2014 Newshound Guru Chattels Maliki is the current manifestation of what is fundamentally wrong in Iraq. Constitutionality, the rule of law, due process and fundamental fairness is necessary for all and not just the Kurds. The Kurds understand that which is why they couch every action on terms of the constitution.
6-24-2014 Newshound Guru Aggiedad77 Article: “Banks speed up shift to forex automation” And just why would big banks like Barclays and UBS be pushing for forex automation within Iraq…could it have anything at all to do with an upcoming major curtain call with the MR [Monetary Reform]?
6-24-2014 RUMOR Guru I…heard that Maliki had made a deal to implement Article 140 and that the Kurds agreed to it. This is great news however it is only a proposal put forth by Maliki. It means nothing unless the new session of parliament is held and they vote on it and accept it. I also want everyone to remember that the constitution of Iraq already provides for these disputed oil rich regions to go to the Kurdistan region. So why the necessity for any “deal” in the first place?
6-24-2014 RUMOR Guru He has had 4 years already to work out a compromise and negotiate on this issue so why all of a sudden now on the eve of the first session of parliament does he propose such a deal? Article 140…will linger as long as it is used as a political bargaining ship…once Maliki is gone this article 140 issue will be clarified very quickly once and for all… So why accept any deal now? It will be one of the items in the “basket” of laws that will be published and moved forward very quickly along with the long awaited revaluation process. Good try Maliki!
6-24-2014 Newshound Guru Chattels this political process is complicated and convoluted even if it proceeds constitutionally or ” by the book “, add the notion of a ” National Salvation Government ” and whatever the USA and Iran have in mind and well, who knows! …even according to the constitution…a 15 day extension is very possible and legal. none of the news articles are talking about a possible extension but it is there in the article of the constitution in black and white.
6-24-2014 Intel Guru Jester [will we see Maliki go soon?] IS POSSIBLE… THAT IS WHAT THEY WILL LIKE TO HAPPEN… THAT IS WHAT ALL THE MESS OVER THERE IS ABOUT RIGHT NOW… WE WILL HAVE TO WAIT AND SEE.
6-24-2014 Newshound Guru Kaperoni Article: “Massive withdrawals of depositors .. and fears collapse of the dinar amid the absence of a central!” There is a lot of blame to go around as to why Iraq is not in a market economy after 10-12 years of preparations. The bottom line is that until they do what is needed…stability, security, laws, etc..the CBI will continue to just do auctions and manage the dinar via a peg. There is no way to predict if Iraq can figure this out this year or if it will take several more. All we can do is wait and watch.
6-23-2014 RUMOR Guru SO WHERE ARE WE WITH THE SITTING OF THE GOV. HEARD IT WAS TO BE DONE THIS AM. ALSO HEARD THAT MALIKI MAYBE THE PM AS ARRANGED WITH USA AND IRAN BUT THEN HEARING THAT HE IS NOT. A LOT OF SMOKE IN THE DINAR WORLD. I AM THINKING THAT THIS IS OUR WEEK. SOURCE THIS AM IS REALLY EXCITED AGAIN BUT THEN SHE HAS BEEN EXCITED THE PAST TWO WEEKS. MY SOURCE TOLD ME THAT THIS AM IS THAT THEY WANT THIS DONE BY 7/1.
6-23-2014 Intel/Newshound Guru Poppy3 TODAY IS THE 23rd OF JUNE SO WE ARE NOW DOWN TO JUST 6 -7 DAYS BEFORE TURKI AND THE PRESIDENT OF THE NEW ISX ARE TO OPEN IRAQ UP TO WORLD TRADE. THEY TOLD THE WORLD WHAT THEY WOULD DO AND WHEN IT WAS GOING TO BE COMPLETE SO OUR DAYS THIS WEEK SHOULD BE VERY REVEALING OF ACTIONS TAKEN. I FEEL VERY SURE THEY WILL TRY AND KEEP ALL POSITIVE ACTIONS AND COMPLETIONS VERY QUIET AS POSSIBLE AND THAT OUR NEWS MEDIA WILL KEEP UP THEIR HIDDEN AGENDA OF PREACHING DESTRUCTION ON THE ENTIRE COUNTRY. THERE WILL BE MUCH NEGATIVE INFORMATION AS THIS PROGRESSES… JUST WATCH THEIR ACTIONS . IF YOU LISTEN TO THEM YOU WILL DEFINITELY BE DECEIVED.
6-23-2014 Intel Guru Frank26 Article quotes: “…at ten o’clock this evening will deliver a present to you Mr. Nuri al-Maliki and historically important speech to the Iraqi people great…” “…it is today because of political pressures and to maintain the unity of Iraq announced the resignation of this government, led by Ana Nouri al-Maliki…” Report just came in: 100%… Unequivocally…Totally…FALSE!
6-23-2014 RUMOR Guru Thursday we had notification that the RI+RV was going to go through. We were waiting for Maliki’s public announcement. On Friday, the RI was completed. It finally went through. We were encouraged to give you this information. The RI, which had they had signed off on April 26th was finally processed on Friday around the world. Everyone accepted it including the US, they accepted that rate, so the RI is sitting there and waiting to be brought to the public. It was sitting there on Saturday, and on Sunday, then we got word we would see it on Monday or Tuesday. Maliki is supposed to make an announcement today, and we’ll expect that every day until he makes it.
6-23-2014 RUMOR Guru Back in November-December, we knew the US didn’t want this until the July 1st, we just didn’t think they would ever get it to that point. They have done everything they can to string it along. Why does the US want this to come out on the 1. July? There are anti-money laundering and banking regulations coming in, with tax implications and reporting, and those are coming in on 1. July. The rates have gone up, and the amount the US gets has gone up by hundreds of millions if they do it on the first. There is a strong chance that the rates may even go up again on July 1 as it goes from RI to RV; it looks very good for that right now. The RI has been released to the banks, and the clock is now ticking for that release. Our understanding is that you May get the option to get the RI rate before the 1st, but there will be restrictions and you cannot get the RV rate after that…Everything is looking good, so stay positive.
6-23-2014 Newshound Guru Kaperoni Article: “Massive withdrawals of depositors .. and fears collapse of the dinar amid the absence of a central!” it is clear that the problem is a lack of confidence from the citizens. But the CBI is not helping matters as they say. Despite Turki’s statement the other day (plenty of reserves), he is not providing enough foreign currency to curb this problem..and the result is even less confidence. If the dinar continues to drop in coming days (auctions) its only going to take them even further out of compliance with the IMF and delay any chance of monetary reform this year. Until they get the country under control politically and reduce the violence that is not going to happen.
6-23-2014 Newshound Guru Kaperoni I will add, Maliki’s poor management of the country is a clear example of how he has weakened the banking and monetary policy. The CBI has been in essence “treading water” waiting for the rest of the country to get together so they could take the next step and do what I said above. But Maliki has failed miserably in uniting the country and reducing violence. The end result was the last four years were wasted and we are almost back to 2007-2008 conditions. What needs to happen now is Maliki needs to go, a unified government needs to be installed and the country needs to stabilize, strengthen and remove the terrorism..and in short order. The CBI is waiting.
6-23-2014 Intel/Newshound Guru Poppy3 [I was wondering what your thoughts are about the ISX/OMX that is expected to launch on July 1st.? Do you think it will launch as planned (June 28, 2013 OMX Platform stated “The upgrade is expected to be rolled out by mid-year 2014″)? And do you agree that we need an international currency in order to do that?] THEY STILL HAVE SAID ZIP DIFFERENT FROM WHEN THEY SAID, YES IT WILL OPEN ON JULY 1 AND BOTH THE PRESIDENT OF THE ISX AND THE CBI HAVE SAID SEVERAL TIMES THAT YES THEY WILL OPEN AND WILL HAVE A INTERNATIONALLY RECOGNIZED CURRENCY. IF THAT HAS CHANGED THEY HAVE NOT MENTIONED IT ANYWHERE THAT I HAVE SEEN. THEY HAVE ALSO SAID THAT THE MILITARY ISSUES WILL HAVE ZERO EFFECT ON THEIR PLANS FOR FINANCIAL REFORM.
6-23-2014 Newshound/Intel Guru BGG [with the seating of parliament on Tuesday does that look like a good day for maliki to leave one way or the other?] Maliki is fought the seating of Parliament tooth and nail…once they are seated – it is a very short walk to the end for him. Once Maliki is gone – things will get much easier. [With the conflict on going and M being “forced” out is ISX, July 1 upgrade on track? And if so, Do you think it forces CBI to RV prior to July 1?] My comment will be – the financial side of things sure feels like it is on it’s own timeline entirely… particularly in light of Turki’s recent comments about the potential value of the Dinar. [Can our liquidity event happen with M in place?] not impossible – however, at this point – I would at least think the IMF/WB would want to be certain he is a non-factor.
dinarguru
