Posts Tagged ‘Guru’

Iraqi Dinar Guru opinions 3-2-15

Iraqi Dinar Guru opinions 3-2-15

3-2-2015 Newshound Guru Millionday Article quote: “Office of the Prime Minister Saad al- Sabri, that the application of Article 140 of the Constitution after the procedure will eliminate Daash terrorist gangs in the disputed areas.” THEY ARE NOT ACTIVATING ARTICLE 140 UNTIL DAASH IS ELIMINATED PER THIS REPORT. IT IS NOT THAT THE BORDERS ARE NOT BEING DEFINED — IT IS THAT IT IS NOT AN EASY TASK WITH DAASH ON THEM OR IMPACTING THE PROCESS. [What is article 140…?] ARTICLE 140 IS PART OF THE CONSTITUTION THAT DEFINES THE AREAS THAT ARE PART OF KURDISTAN… IMPORTANT FOR COSTS AND BUDGET ETC. Read more…

Iraqi Dinar Guru opinions 3-1-15

Iraqi Dinar Guru opinions 3-1-15

3-1-2015 Newshound Guru Breitling The intent of the CBI is EXACTLY the same…what do they want to do? They want to get it to a US dollar and after that they want to change the economic policies a little bit and get it to $3.00…and that’s that. This [50 dinar note retirement] revealed to us the time frame…they are not going to come out at a buck…this tells us they are going to come out as a float. There is always a couple scenarios so we’ll see how it goes…the wealth of the 50 dinar notes is going into your dinar coming up pretty quick so Happy Birthday! Read more…

Iraqi Dinar Guru opinions 2-28-15

Iraqi Dinar Guru opinions 2-28-15

2-28-2015 Newshound Guru Kaperoni Article quote: “…the 50 dinars born “dead” because they are too small and can not be accepted compared to other groups.” [I take this as just more confirmation of good things to come and it has started.] I do agree..and the time limit of only 60 days seems to tell me that they wanted to get this over with quickly so they can pursue that new policy. Quote: “A source in the CBI told the “term” that “the Bank does not want a conflict between the currency category of 50 dinars and 500 dinars in case of deletion of zeros from the last.” I think the very fact that they mention deletion of zeros as a possible reason in this article implies that process is coming sooner than later. Especially when they are only providing 60 days to redeem. […if an initial revaluation was coming first, the 50 note would definitely have value. to see it being removed leads me to believe the plan is already in place to come out with a float which means at least for a stretch of time the 50 note will have no significance and should be removed.] …it will come out at 1166 and rise. Not including any correction that may occur. Read more…

Iraqi Dinar Guru opinions 2-27-15

Iraqi Dinar Guru opinions 2-27-15

2-27-2015 Newshound Guru Millionday CBI IS PULLING THE 50 DINAR FROM THE STREETS OF IRAQ RIGHT NOW AND WILL BEGIN ON MARCH 1ST AND END APRIL 30TH. THESE NOTES WERE ISSUED AFTER THE 2003 ECONOMIC CHANGES THAT OCCURRED — HOWEVER AT THAT TIME IN THIS SERIES THEY WERE NOT VERY USABLE DUE TO THE REFLECTED PRICING THAT OCCURRED WITH THE IMPOSED RATE — SO THE NEW SERIES WILL BE PUT ON THE STREET IN THIS CATEGORY. [is this in country and outside too? All?] THIS IS RELEASED TO THE CITIZENS SO THAT THE 50 DENOMINATION CAN BE EXCHANGED TO BE THE NEW SERIES AT THIS TIME — NO REGULATIONS HAVE BEEN RELEASED YET IN INK TO TELL CITIZENS OR INVESTORS OUTSIDE THE COUNTRY OF ANY NEW REGULATIONS FOR THE BILL OR WHAT TO DO WITH THEM ETC. THERE ARE IRAQIS OUTSIDE THE COUNTRY AND PEOPLE THAT HAVE 50`S OUTSIDE OF IRAQ…WE WOULD EXPECT SOME REGULATION RELEASED FOR THAT — WE HAVE TO WAIT AND SEE. Read more…

Iraqi Dinar Guru opinions 2-26-15

Iraqi Dinar Guru opinions 2-26-15

2-26-2015 Newshound Guru Millionday IT LOOKS LIKE THEY ARE ASKING FOR EXECUTIVE ORDERS WITH HCL — FROM BASRA…THEY ARE ASKING THE PRESIDENT TO MOVE FORWARD WITH THE HCL PER AGREEMENTS MADE. [Does the HCL have to be done before they can do anything with the Dinar?] THAT WOULD BE UP TO THE PLAN THEY HAVE FOR THE COUNTRY… THE TIMELINE THEY ARE WORKING WITH HAS NOT BEEN RELEASED TO US — WE DONT KNOW THE DATE…THEY…ARE WORKING VERY HARD TO MOVE FORWARD — ABADI PROMISED TODAY TO THE CITIZENS THAT THE ECONOMIC CRISIS WOULD END — THAT IS A HUGE STATEMENT. Read more…

Iraqi Dinar Guru opinions 2-25-15

Iraqi Dinar Guru opinions 2-25-15

2-25-2015 Newshound Guru Enorrste Article: “Experts: Central Bank faces the problem of the shortage of foreign currency and claiming to reassure customers” Can you imagine the reaction of a local Iraqi businessman when he goes to the bank to buy some dollars and is told that they don’t have any? What else could he do except use dinars, right? Talk about turning the tables quickly! Sure, some will find ways to get dollars from other sources, but not nearly enough. Eventually, and probably sooner rather than later, people will realize that they have to use their own currency. This will stabilize the market, at which point the CBI will be in position to allow the float. As some have suggested, they may not even make a big thing about it. The value of the dinar will just begin to rise, and the official rate will rise with it. Of course at some point they will have to drop the fixed official rate. Read more…

Iraqi Dinar Guru opinions 2-24-15

Iraqi Dinar Guru opinions 2-24-15

2-24-2015 Newshound Guru Millionday [Did we get confirmation that the rest of the budget got into the Gazette?] YES THEY ANNOUNCED THAT THE ENTIRE BUDGET HAS BEEN PRINTED — ACCORDING TO A COUPLE REPORTS…SO ACCORDING TO THEM IT HAS AND IS TO BE ACTIVATED NOW AND DISTRIBUTIONS WILL BEGIN THE BEGINNING OF THIS WEEK. [ if the whole budget has been placed in the Gazette, doesn’t that mean that the CBI has to fund it in the next 24 hours?] NO IT MEANS THAT THEY WILL BEGIN AND THEY HAVE STATED THAT THEY ARE AT THE BEGINNING OF THIS WEEK. Read more…

Iraqi Dinar Guru opinions 2-23-15

Iraqi Dinar Guru opinions 2-23-15

2-23-2015 Newshound Guru Millionday CBI HAS STATED THAT THEY ARE GOING TO STOP THE AUCTIONS FOR FOREIGN REMITTANCE AND THAT WOULD REQUIRE INTERNATIONAL ACCEPTANCE AND ALSO IS PART OF THE MONETARY POLICY PER THE REPORT — THE BUDGET HAS BEEN PRINTED BUT THE REVENUES AND THEY HAVE DIVIDED THE BUDGET INTO TWO CHAPTERS — WE DONT KNOW IF THIS IS BECAUSE OF THE DISTRIBUTION OR FOR ANOTHER REASON UNLESS WE GUESS AND WE ARE NOT GOING TO DO THAT …THEY ARE NOT AND I REPEAT — ARE NOT GOING TO RELEASE EVERYTHING BEFORE IT IS DONE. …WHAT WE KNOW AND CAN SEE…THE BUDGET IS DIVIDED INTO TWO CHAPTERS — AND DISTRIBUTION IS EXPECTED THE BEGINNING OF THIS WEEK — WE HAVE TOMORROW A MEETING WITH PARLIAMENT AND ABADI…WE HAVE AMENDMENTS BEING DONE TO THE INVESTMENT LAWS PER REQUESTS BEING GIVEN TO THE GOV. I HAVE TO SAY — THIS ALL LOOKS VERY POSITIVE…THEY ARE SHOWING HUGE PROGRESS THAT WE HAVE NOT SEEN BEFORE. Read more…

Iraqi Dinar Guru opinions 2-22-15

Iraqi Dinar Guru opinions 2-22-15

2-22-2015 Newshound Guru Enorrste Article quote: “Governor of the Central Bank, explained that “It is not true that the central stays busy selling the currency like ATM daily”, stressing that “the transition to a new phase is to conduct foreign remittances through the banking system within the mechanism developed for it.” …the definition of foreign remittances: Foreign remittance can be defined as ‘the purchase and sale of freely convertible foreign currencies’. The CBI is stopping the auctions, effective tomorrow morning. This is a fact. We know that the auctions were the primary monetary tool that the CBI used to hold the exchange rate on the street within 2% of the official CBI rate for the dinar. To summarize: the auctions are ending, being replaced with foreign remittances. Foreign remittances are only possible with a freely convertible currency. A freely convertible currency is one that is internationally recognized. In order for this to work, the CBI will have to move from a fixed rate regime to a floating currency or suffer from inflation. Therefore, I predict that they will do so sooner rather than later. I predict within the next 15 to 45 days… Read more…

Iraqi Dinar Guru opinions 2-21-15

Iraqi Dinar Guru opinions 2-21-15

2-21-2015 Newshound Guru Millionday Quote: “All banks reported this mechanism”, and as pointed out that “the Central no longer a party to the process of buying and selling the currency,” revealed that “on Sunday will be the application of this mechanism.” THIS IS…A STATEMENT FROM THE GOV OF CBI…ALL BANKS ARE READY AND HE IS PREPARED TO MONITOR THE ENTIRE POLICY- THE NEW ONE…NO LONGER WILL THE AUCTIONS BE PART OF THIS. THIS IS THE MARKET MECHANISM WE HAVE BEEN TOLD HAS BEEN PLANNED. HE WILL AND THE EXPERTS WILL BE CHECKING THE REMOVAL OF THREE ZEROS TRANSITION AND THE STEPS TO COMPLETE IT…AS IT WILL TAKE TIME…FOR THE PROCESS TO BE COMPLETE…FROM BEGINNING TO END. [So according to this…tomorrow (Saturday) should be the last auction correct?] YES…THAT IS THE FIRST SIGN WE SHOULD SEE — NO MORE AUCTIONS. IN THE MORNING THE ACTIVATION OF THE MONEY LAWS WILL BE DONE AND ALSO ALL THE STEPS DESIGNED TO MOVE FORWARD WITH THE EXCHANGE RATES AND ITS STABILITY ALONG WITH FOREIGN EXCHANGE RESOURCES DESIGNED TO MEET THE NEEDS OF THE BANKING REFORM…THIS MEANS THE 22ND OF FEB — SUNDAY. Read more…

Iraqi Dinar Guru opinions 2-20-15

Iraqi Dinar Guru opinions 2-20-15

2-20-2015 Newshound Guru Millionday “the Iraqi government requires them to sell $119 million worth of crude oil per day to clog the employees’ salaries,” expected “overcome this crisis with cash that the Iraqi government is facing in the coming months. Mutlaq said that “the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week to enable them to exchange.” THEY ARE REFERRING TO A COST ANALYSIS — THEY MUST SELL 119 MILLION US DOLLAR TO COVER WHAT THEY HAVE BUDGETED FOR THE MINISTRIES…THOSE OF US THAT HAVE BEEN HERE A LONGTIME KNOW THAT WE HAVE NOT READ THESE WORDS BEFORE FROM IRAQ — FUNDING THE MINISTRIES — WHOOPOW …I FIND IT INTERESTING THAT THEY DO NOT STATE THE DINAR AMOUNT — THEY WILL ONLY BE USING THE DINAR FOR THEIR NATIONAL CURRENCY PER REGULATIONS BY THE CBI — THE OIL IS PAID FOR IN US DOLLAR AND SENT TO THE CBI AND EXCHANGED THEN FOR DINAR. Read more…

Iraqi Dinar Guru opinions 2-19-15

Iraqi Dinar Guru opinions 2-19-15

2-19-2015 Newshound Guru Millionday …PARLIAMENT FINANCE IS INVESTIGATING WHY THE BUDGET HAS NOT BEEN PRINTED IN THE GAZETTE. I HAVE TO SAY — I JUST DON’T THINK IT IS PRINTED YET — I WOULD SAY ALL MEDIA WOULD HAVE IN IT THAT IT WAS PRINTED SO I STILL DO NOT THINK IT IS PRINTED IN THE GAZETTE.

2-19-2015 Newshound Guru Millionday UPDATE ON THE PRESIDENTIAL MEETING THEY ARE HAVING… THEY ARE MAKING AN AGREEMENT TO FOLLOW THE CONSTITUTION AND ALSO THE AGREEMENT ON OIL-THE BUDGET — AND THE ERBIL AGREEMENT WITH THE GOV PROGRAMS — THEY HAVE MADE HUGE AGREEMENTS WITHIN THE COUNTRY AND THEY ARE STATING THEY HAVE TO MOVE FORWARD WITH ALL THAT HAS BEEN DONE — THE MEETING WITH THE PRESIDENTS IS POSITIVE AND ALSO VERY PRODUCTIVE IF THEY FOLLOW THROUGH — WHICH IT APPEARS THEY WILL BE HAVING SOME HUGE ANNOUNCEMENTS…IT APPEARS AS IF THEY WILL BE RESOLVING ALL OUTSTANDING ISSUES. Read more…

Iraqi Dinar Guru opinions 2-18-15

Iraqi Dinar Guru opinions 2-18-15

2-18-2015 Newshound Guru Millionday Article quote: “Iraqi Central Bank to invest cash reserves of hard currency through the purchase of gold, especially after the decline in gold prices in world markets over the past months, in a move it to diversify its reserves, the fact that gold is a store relatively safe for the value of the local currency, where the Council announced International gold buying CBI 48 tonnes of gold during 2014.” CBI IS DIVERSIFYING THEIR RESERVES TO INCLUDE MORE GOLD DUE TO THE DECLINE IN PRICES. THEY ARE SAYING…THAT THEY ARE USING IT TO COVER THE VALUE OF THEIR LOCAL CURRENCY AND AS A COVER FOR THE PROCESS OF REMOVING THE THREE ZEROS…TO DIVERSIFY THE ASSETS OF THE GUARANTEED VALUE…AND ALSO THAT THE US IS THE DRIVING FORCE BEHIND THIS. …IT SURE IT NICE TO SEE IT IS FOR THE PROCESS OF REMOVING THE THREE ZEROS. Read more…

Iraqi Dinar Guru opinions 2-17-15

Iraqi Dinar Guru opinions 2-17-15

2-17-2015 Newshound Guru Millionday TOMORROW NIGHT [TUESDAY] THERE IS A HUGE HUGE MEETING WITH ALL THREE PRESIDENCIES PRESENT. THEY HAVE BEEN WORKING ALOT ON THE SECURITY NEEDED FOR THE COUNTRY — WE HAVE SEEN MULTIPLE REPORTS ABOUT IT IN THE LAST WEEK –CONTRACTS, THE BANKS, AND MANY MEETINGS. …THEY ARE USING EXECUTIVE POWER TO DEAL WITH THE MURDER THAT TOOK PLACE…THE GOV IS EXPECTED TO ENSURE CONFIDENCE IN IRAQ AND ITS SAFETY FOR THE PEOPLE COMING TO THE INVESTMENT CONFERENCE AND THE MANY OTHERS COMING THERE BY INVITATION FOR MEETINGS ETC. Read more…

Iraqi Dinar Guru opinions 2-16-15

Iraqi Dinar Guru opinions 2-16-15

2-16-2015 Newshound Guru Millionday “Finance Committee revealed in the House of Representatives for open electronic clearing system files across the banks.” THEY ARE OPENING THE ELECTRONIC CLEARING SYSTEM…THIS IS THE OPENING OF THE INTERNATIONAL BANKING SYSTEM PER COMPLIANCE AND HOW GLOBAL BANKING IS DONE AND LINKED. [32] BANKS…HAVE BEEN ISSUED AN INTERNATIONAL SWIFT CODE SYSTEM…[and] EXCHANGE FOR MONEY COMPANIES…HAVE SWIFT CODES AS WELL. THEY WILL BE CONNECTED TO MANY MANY BANKS ACROSS THE GLOBE WITH THE SWIFT SYSTEM. THIS IS SO VERY IMPORTANT FOR THE ENTIRE PROCESS OF IRAQS GLOBAL ENTRY ETC AND ALSO THE INTERNATIONAL ACCEPTANCE. EVERYONE NEEDS TO UNDERSTAND WHERE THIS PUTS IRAQ`S BANKING REFORM PROGRESS ON THE SCALE OF BEING DONE ACCORDING TO WHAT THE WORLD BANK SEES FOR ITS COMPLETION… HUGE HUGE WHOOOPOW. Read more…

Iraqi Dinar Guru opinions 2-15-15

Iraqi Dinar Guru opinions 2-15-15

2-15-2015 Newshound Guru Millionday Article quote: “the Kurdish delegation will arrive on Sunday to Baghdad; to supplement the discussions about the oil agreement between Baghdad and Erbil…” THEY ARE ARRIVING FROM KURDISTAN TO FINISH AGREEMENT FOR THE HCL — REMEMBER THAT ORDERS TO HAVE THIS LAW AND ALL LAWS DONE BY THIS COMING WEEK SHOW US THAT THEY ARE LISTENING IT APPEARS — THEY HAVE STATED URGENT IN MOST REPORTS I HAVE SEEN ABOUT THE WORK OF PARLIAMENT. Read more…

Iraqi Dinar Guru opinions 2-14-15

Iraqi Dinar Guru opinions 2-14-15

2-14-2015 Newshound Guru Millionday THE HOUSE HAS ORDERED AL-JABOURI TO ADDRESS ANY LAWS THAT HAVE BEEN DELAYED…HE HAS TO ADDRESS THEM THIS WEEK — SO ANY LAWS THAT ARE NOT FINISHED OR ARE IN NEED OF A VOTE MUST BE COMPLETED THIS WEEK. MANY LAWS WE HAVE READ ABOUT MADE IT THROUGH THE SECOND READING AND THEN NO MORE WAS SAID ABOUT THEM…SO THEY ARE CALLING FOR ALL AT THE SAME TIME — THIS WEEK– THEY NEED TO BE VOTED ON AND FINISHED. THE GOV PROGRAMS AND AGREEMENTS NEED THESE LAWS TO BE COMPLETED SO THE TIMELINE TO HAVE THEM COMPLETE THIS WEEK IS OF COURSE VERY EXCITING…THIS INCLUDES THE HCL. THEY HAVE AROUND 90 LAWS THAT WILL BE ALL AT THE SAME TIME — THEY MAY DO A MASSIVE PRINT IN THE GAZETTE TO BRING THEM TO LAW. Read more…

Iraqi Dinar Guru opinions 2-13-15

Iraqi Dinar Guru opinions 2-13-15

2-13-2015 Newshound Guru Millionday “Iraq has begun advancing steps forward to enhance its security and its economy, and that all political forces see in the political reforms the best solution, pointing to the presence of significant challenges will be to overcome the togetherness of everyone’s efforts…” SO WE ARE NOW IN THE REFORM PROCESS. I HAVE AN ANNOUNCEMENT ABOUT THE ISX — IRAQI STOCK MARKET AND WHAT CBI HAS STATED: “According to the announcement by the CBI, CBI Board of directors has taken decisions on its exceptional sessions no. 1519 on Jan. 25, 2015. According to the CBI’s Law No.(56) for the year 2004 (revised), CBI issued instructions to achieve the goals of the bank and the stability of the IQD exchange rate against foreign currency through the optimum use of the resources of foreign exchange resources…” THE DINAR RATE WAS IMPOSED AND NOW THEY ARE REFERRING TO CHANGES TAKING PLACE. The instructions will be applicable starting from Feb. 22, 2015. Read more…

Iraqi Dinar Guru opinions 2-12-15

Iraqi Dinar Guru opinions 2-12-15

2-12-2015 Newshound Guru Millionday Article quote: “A government source said today, that the prime minister Haider al-Abadi, will announce on Thursday [private sector development strategy]…” …THE PRIVATE SECTOR DEVELOPMENT PLANS/STRATEGY IS HUGE — AND THAT SAYS TOMORROW [THURSDAY]. SO THIS GOES WITH MANY MANY OTHER THINGS FOR TOMORROW [THURSDAY]… THE PLAN WILL BE EXPLAINED AND TRANSPARENT. TOMORROW [THURSDAY] SHOULD BE THE BUDGET — FIVE LAWS (INVESTMENT AND ECONOMIC) AND THE GOV PROGRAMS BEING ACTIVATED — ALONG WITH THE MARKET ECONOMY STEPS PER LAW OF CONSTITUTION AND A FEW OTHER THINGS I DONT HAVE INK ON. Read more…

Iraqi Dinar Guru opinions 2-11-15

Iraqi Dinar Guru opinions 2-11-15

2-11-2015 Newshound Guru Millionday [When you said you have the date and then posted the article saying Thursday…what that mean? Date for what? RV?] ABADI ANNOUNCED THAT THIS WEEK HE WOULD BEGIN THE STRATEGIC MECHANISMS OF THE GOV FOR THE ECONOMIC ADVANCEMENTS/ REFORMS AND CBI STATED THAT THEY HAVE FUNDED THE DEVELOPMENT BANK AND CAN FUND THE GLOBAL SMART CARDS DISTRIBUTION — THAT REPORT GAVE A DAY WHEN ABADI IS GOING TO BEGIN ON THURSDAY SPECIFICALLY — ALSO A REPORT CAME OUT STATING THAT THE MOST IMPORTANT STEP OF THE MECHANISMS TO BEGIN WITH IS THE RETURN OF THE MONETARY POLICY BACK TO NORMAL — AND THE SET PURCHASING POWER AND PRICING INDEX DUE TO THE GLOBAL CALCULATIONS — SO WE ARE ALL EXCITED DUE TO THAT ALL TOGETHER. Read more…