Posts Tagged ‘Guru’s’

Iraqi Dinar Guru opinions 9-18-16

Iraqi Dinar Guru opinions 9-18-16

9-18-2016 Newshound Guru Aggiedad77 Article: “Kurdish source: Washington got a pledge from the leaders of the political blocs to postpone the withdrawal of confidence from Zebari three months” …IF…we are so close to some “event” happening…it wouldn’t make sense to try a new recipe to bake a cake would it…that to me makes perfect sense with Zebari as well… Here we stand on the precipice that ledge…the skinny and narrow ledge where a step of faith is being required…why make that step with an unknown… Zebari may not be an angel…but he has the knowledge…he knows the numbers…he understands the workings of what is expected to kick their Monetary Reform into full gear…warp speed…Anyone one else would have to review the recipe and make sure the ingredient are to their liking…remember the IMF is telling them NO MORE DELAYS…get ‘er done boys…The US has the clout to keep Zebari right where he is and they are playing that card to keep the steam in the engine…leave the recipe alone the US is telling Abadi to tell the rest of the GOI…make this cake so Iraq can rock the world…by November… Read more…

Iraqi Dinar Guru opinions 9-17-16

Iraqi Dinar Guru opinions 9-17-16

9-17-2016 Intel Guru Frank26 [Have Iraq banks completed request by the CBI to electronically comply by September…?] …yes IMO…yes the banks of Iraq are set to make loans to citizens…to give out credit cards…to open up accounts…to help investors that are going to be coming in…electronically they are advanced…yes they are ready…but it is useless…it is all useless until they raise the value of their currency. Read more…

Iraqi Dinar Guru opinions 9-16-16

Iraqi Dinar Guru opinions 9-16-16

9-16-2015 Newshound Guru Enorrste …the IQD will be destroyed as they come in over time. It will take some time to reduce the money supply from 40 trillion dinars to 40 billion dinars. As this is done the value will increase. It must be done incrementally to avoid a liquidity crisis. With respect to the 50K notes they did NOT increase the money supply. They were issued in exchange for 25000 notes so it was an even exchange. The 25000 notes are either being held at the CBI (thus not part of the money supply, just as any new money held there is not part of the money supply until it is issued) or it has been destroyed. The slight rise in the money supply is caused by the CBI in order to maintain liquidity and has nothing directly to do with the 50K notes. …the 50K notes have done their job: hence, no need for the 100K notes. That job was to initiate the removal of the 25K notes from people’s mattresses. It will be excelerated by the offer of the dinar at 1200 per dollar through these major banks. Read more…

Iraqi Dinar Guru opinions 9-15-16

Iraqi Dinar Guru opinions 9-15-16

9-15-2016 Newshound Guru Kaperoni this should get us all excited…From the IMF SBA…: “The authorities will gradually remove remaining exchange restrictions and multiple currency practice (MCP) (MEFP, 14). Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investor community that Iraq is committed to maintain an exchange system that is free of restrictions and MCPs for current international transactions and thus facilitate creation of a favorable business climate.9 As a first step, the Council of Ministers will approve and introduce to parliament an amendment of the Investment Law, or the CBI will issue clarifying implementing regulations, to remove the limitation on transfer of investment proceeds that gives rise to an exchange restriction (SB, Table 5), as recommended by a recent technical assistance mission of the IMF. As a second step, the CBI will increase the sale of foreign exchange for valid current exchange transactions on the official market in order to reduce the spread between the official and parallel exchange rates (10). In particular, the CBI will, by the end of 2016, make the weekly limits on the purchase of cash at the weekly foreign currency auctions indicative, in the sense that any bank requiring additional cash for legitimate travel expenses for its clients will be able to obtain the required amount above these limits on the basis of appropriate documentation.” Read more…

Iraqi Dinar Guru opinions 9-14-16

Iraqi Dinar Guru opinions 9-14-16

9-14-2016 Newshound Guru Breitling …There’s an article taking about de-pegging from the US dollar. Ok just pure math. We know the US dollar dominate about 70% of the world’s international trade. Just based on that math…do you think that it would be a good idea for Iraq to de-peg itself from the most powerful currency that’s ever existed on the face of the earth? Do you think that is a wise decision? Do you think the US treasury and US government setting up their currency…we’re the ones who got rid of their old currency and we’re the ones to help setup their new currency…do you think there is any room for that type of shenanigans? No there is not. I appreciate articles that come out but some of them are so obnoxious that they should be indicators all by themselves that the person who wrote that is completely off the wall. They are not going to de-peg from the US dollar. This is not opinion at all…the US dollar is getting stronger and stronger and stronger. Read more…

Iraqi Dinar Guru opinions 9-13-16

Iraqi Dinar Guru opinions 9-13-16

9-13-2016 Newshound Guru Breitling …articles coming out with banks having problems giving people Iraqi dinar. Remember this is a two pronged attack. They are trying to reduce the dollar amount because the only way they can reduce the note count and add value to the currency…is to make sure people aren’t addicted to the US dollar…so there is a balance there. We don’t have enough information to calculate. At what point are they pulling dollars off? and at what point are they reducing the note count. And at what point are they more heavy than the other? We don’t know. BUT we know what to look for and we know the key words they’re saying and what it means for us…Between 80 and 85% of notes in Iraq are 25K notes and they say they have about 41 Trillion in dinar…divide that up into 25K notes. and you’ll figure out about what the note count is at. Read more…

Iraqi Dinar Guru opinions 9-12-16

Iraqi Dinar Guru opinions 9-12-16

9-12-2016 Newshound/Intel Guru BGG Flashback Article: “Minister of Finance: raise zeros from the Iraqi currency against the dollar will be supported” Quote: “…The proposal to raise three zeroes from the currency will be in accordance with the right monetary policy is not gradual, as happened in Turkey…” This article was from Feb. 2nd 2010. They’ve been telling us all along…NOT A FLOAT… Noting that the Iraqi dinar would be offset dollar or slightly more than after the application of this proposal. = about a dollar (USD) or slightly higher…THIS IS WHAT THEIR MoF said at the time. Not me…they have had some idea as to what this was going to be all along. Read more…

Iraqi Dinar Guru opinions 9-11-16

Iraqi Dinar Guru opinions 9-11-16

9-11-2016 Newshound Guru Shredd Article: “The World Bank will lend Iraq three billion dollars as “very low interest rates,” the end of 2016″ …this is a good sign. A loan by the WB for a long term and low rate shows not only support and confidence in Iraq as it continues to rebuild it’s economic infrastructure but it also demonstrates trust and faith in Iraq’s ability to repay…lending and borrowing is what the global economic machine is all about. For the lender, interest income and for the borrower, stimulus to push progress/growth as quickly as possible and the kind that ensures the ability to repay is in place and protected. This shows us once again Iraq is continuing to mature economically. It continues to prove that a lop or redenomination due to a failing economy is not the case for Iraq. This shows us and demonstrates to future investors that Iraq is a vital participant in the global economic construct. See the trees in the forest! It’s all good. Read more…

Iraqi Dinar Guru opinions 9-10-16

Iraqi Dinar Guru opinions 9-10-16

9-10-2016 Newshound/Intel Guru BGG Article: “World Bank offers to Iraq to see funding for economic development” Quotes: “Saleh added that “the World Bank between the activities targeted by the loan, is the support of the **federal budget in line with the economic reform paths and a document of reform launched by the Prime Minister…” “the loan payout after the completion of understandings with the World Bank on the road map, which is consistent with the paths of economic reforms,” expected to “be executed loan to Iraq by the World Bank end of the year 2016”. Zebari may well be there… but Saleh is too…Zebari could well be there trying to stay in the conversation is all…it is being reported, his dismissal is imminent…and I don’t think it will cause any “DELAY” – in fact, Iraq adhering to the “reform paper” launched by Abadi and instigated…by the IMF/WB makes it appear as though this corruption clean-up may well speed things up if anything at all. Read more…

Iraqi Dinar Guru opinions 9-9-16

Iraqi Dinar Guru opinions 9-9-16

9-9-2016 Intel/Newshound Guru Mnt Goat Article: “ABADI NOMINATE OTHMAN GHANIMI THE MINISTRY OF DEFENSE AND MUWAFFAQ ABDUL HADI OF THE INTERIOR” Abadi did forward his nominations for the defense and interior ministers yesterday. However, parliament could not vote to ratify them since they could not muster a quorum. Also they planned to hold a no-confidence vote on the finance minister Zebari for corruption charges but this too had to postponed until Sept 20th… Article quote: “…at least some parliamentary blocs stayed away from the session in order to stymie the scheduled vote.” This news did not surprise me since the Kurds are not going to allow a vote against Zebari as they see this as a sectarian action on the part of the GOI to eliminate yet another position from representation by the Kurds. Zebari is in a position that is supposed to be filled by a Kurd. Read more…

Iraqi Dinar Guru opinions 9-8-16

Iraqi Dinar Guru opinions 9-8-16

9-8-2016 Intel/Newshound Guru tman23 Here in the United States are Iraqi visitors with Iraqi bank issued Master Cards which are “debit cards” AND they can go to any ATM and withdraw currency from their Iraqi bank account which the exchange rate today is 1305 to 1 USD…Master Card determines the exchange rate conversion at the time of the transaction…The 1305 is expected to be the rate throughout the remainder of 2016…That is the exchange rate MASTER CARD IS APPLYING…Iraqi’s have access to their bank accounts through master card debit …WORLD WIDE… Read more…

Iraqi Dinar Guru opinions 9-7-16

Iraqi Dinar Guru opinions 9-7-16

9-7-2016 Intel Guru Dr. Clarke Quick story, and we’ve never related any stories, till now: Last week, I spoke to a Divisional Exec. VP, at one of the Top 5 Banks in the U.S., about what their internal process is looking like, right now. Answer: “We’ve been moving key, specially trained Wealth Management-Type Personnel, new & old, around to areas where we know lots of new opportunity, wealth and investment will soon present itself. Some of these people, have even moved across states, for these new opportunities. We’ve geared up professionally, for the upcoming events, and especially for our Top Tier Clients, existing and future. Everything is in place and we’re waiting for these new opportunities to emerge shortly.” Read more…

Iraqi Dinar Guru opinions 9-6-16

Iraqi Dinar Guru opinions 9-6-16

9-6-2016 Intel Guru Frank26 In Iraq -business that trade out of Iraq has to do everything in dollars. Auctions allow for them to buy dollars and then purchase the products from outside of their country. That is because they are not international and currency is worthless. Now they have letters of credit like you and me with any bank, so they have more time to pay the debt ie 30 days net, instead of cash when they order. This does eliminate the dual currencies which the iMF wants them to do and become a member of WTO. This all means they may have time to pay but they need to pay with their own currency and not the dollar. Which IMO leads then to RI/RV the dinar, and not much time to do it by the way. NO BODY IS GOING TO GIVE IRAQ AN LOC IF THEY ARE NOT GOING TO PAY IN DINARS…in our OPINION. Read more…

Iraqi Dinar Guru opinions 9-5-16

Iraqi Dinar Guru opinions 9-5-16

9-5-2016 Newshound Guru mike Article quotes: “…the Iraqi economy turned into a more market – oriented economy, being the focus of his business to deal with the international community, including the United States and other trading partners…” “…stressing that “Iraq is a candidate for accession to the World trade Organization.” It’s kind of hard to believe that Afghanistan got into the WTO before Iraq did, they’ve been telling them to reform for years, hopefully they get it done…in the coming days. Read more…

Iraqi Dinar Guru opinions 9-4-16

Iraqi Dinar Guru opinions 9-4-16

9-4-2016 Newshound Guru rcookie PARLIAMENT COMMITTEE REVEALS 0% CORRUPTION CONCERNING JICA LOAN DUE TO DIRECT INVOLVEMENT OF JAPANESE AUTHORITIES TO OVERSEE DIRECT APPLICATION OF FUNDING AND PROJECTS…WHICH IS EXACTLY WHY WB AND IDB ARE ACTING AS DIRECT LENDING AGENTS TO THE PROVINCES IN DEVELOPMENT PROJECT FUNDING EXECUTION… SEE WHAT IS POSSIBLE AND IN FACT HAPPENS WHEN THE CORRUPT CENTRAL IS MINIMIZED OR ELIMINATED FROM THE PROCESS…THINGS GET DONE! Read more…

Iraqi Dinar Guru opinions 9-3-16

Iraqi Dinar Guru opinions 9-3-16

9-3-2016 Intel/Newshound Guru Mnt Goat Article: “Erbil and Baghdad reach agreement on Kirkuk oil exports” More news about HCL. Seems agreements have been made but…It is not all done or enforceable (problem all along with past agreements) until they pass the HCL law and make it all legal and binding. They are hoping to finally nail this down and complete HCL this time around. They also needed to get the 2017 budget done since it contains the expected barrel output of oil to fulfill the budget that must also be agreed upon by Kurdistan. But they are working on it and we should see HCL in the coming weeks get voted on in parliament. Read more…

Iraqi Dinar Guru opinions 9-2-16

Iraqi Dinar Guru opinions 9-2-16

9-2-2016 Intel Guru Frank26 I do not know if we will see an RV this year or not…but I have told you very clearly that we are in the RI state for the fiscal part that starts on October 1st…you will see…God willing…the budget and things next month in September in the middle that will guide us and tell us more about that… Read more…

Iraqi Dinar Guru opinions 9-1-16

Iraqi Dinar Guru opinions 9-1-16

9-1-2016 Newshound Guru Islandg1211 We have excellent news! This agreement with the Kurds over Kirkuk is Very Important! No RV until Article 140 had been resolved. Getting an agreement with the Kurds is extremely important. The meetings between Barzani and Abadi are going very well, with the two most crucial issues being settled. In a press statement, Barzani announced yesterday that an agreement over post-liberation Mosul’s government has been reached between Baghdad and Erbil. Today, it was announced that an agreement over Kirkuk’s oil was reached between Baghdad and the Kurds. Article 140 has been in contention because the Kurds wanted the Kirkuk oil fields. Today’s agreement splits the oil in half and the expenses. Read more…

Iraqi Dinar Guru opinions 8-31-16

Iraqi Dinar Guru opinions 8-31-16

8-31-2016 Intel Guru Frank26 …the Monetary Reform of the Iraqi dinar is picking up pace in all areas…September, IMO…will reveal a bunch of stuff… IMO…there is about four billion 000’s notes that are out there…we want to get down to at least one billion in our note count that is out there…now I think and I feel they are being very successful in this approach… So as Abadi deals with the GOI and the budget and all of these things for the Monetary Reform…the killing of ISIS and the preparation of Mosul is coming along very well. …once they are done with this stuff they are doing right…we are going to see the Monetary Reform speed up better…what is going on right now is actually…kind of like a performance for the international world… I also suggest to you IMO the HCL is done…but it is not implemented…but it is ready… Read more…

Iraqi Dinar Guru opinions 8-30-16

Iraqi Dinar Guru opinions 8-30-16

8-30-2016 Intel/Newshound Guru tman23 Direct words from the CBI to the GOI in several meetings…There will be no currency reform until all provinces are under government control…it was printed in ink in news articles… That being said, the liberation of Mosul is expected to take place end of September early October. Ernest and Young are expected to be finishing up with the 2 state banks mid October to end of October…Shabibi had said that the lifting of the zeros must begin at the start of the New Year and not in the middle of a quarter or middle of the year…it is not unreasonable to speculate that the lifting of the 3 zeros may be on the front burner for the start of 2017. Read more…