1-3-2012 Iraqi Dinar Guru Poppy3 Things have changed as far as the Vietnam Dong goes. Two sources reported that China has backed off of pushing the RV. I don’t know the details. They anticipate and the Minister of Finance said they possibly will do a small adjustment of their currency if/when the dinar RV’s. But, their actual RV or largest movement of their currency will not take place for 12 – 14 months post RV of the dinar. The reason for that is that they are rated the 5th fastest growing economy in the world, they are doing great. They have a little problem with inflation, but feel they can handle that for the next 12 -14 months. The beauty of this is that if either one, the dong or the IQD, RV’s first then we can load up on the other. I think this is a blessing in disguise for us.
1-3-2013 Iraqi Dinar Guru BOBGETZ6 Awaiting a call from my frozen friend. It has been difficult to get through to Iraq. Also, there has been, and confirmed, a lot of armored car traffic around the banks. All of the signs are good and I await info from my frozen friend who hopefully will get a call soon.
1-3-2013 Iraqi Dinar Guru Tlar A $1.00 bill is an IOU from the US government just as 1 dinar is an IOU from Iraq. The value of that note/IOU is determined by the exchange rate. The less in circulation the less debt. The economists that speaks in the article above does not understand economics especially in a case such as this. Somebody at the CBI does and that’s all that counts. Remember Shabibi was doing the exact same thing in the auctions and in allowing the banks to sell USD. I think this is a definite sign that Turki is speeding up the repatriation of dinars. [post 2 of 2]
1-3-2013 Iraqi Dinar Guru Kaperoni Adding more banks, only means more money and more opportunity for corruption. Short term, it be ok, but if they plan to do this extended, it will harm the economy. If they introduce a new dinar or smaller denoms, they can reverse this trend and collect the dollars back into the CBI reserves. it’s not a simple collection, auctions go both ways to stablize the exchange rate/control inflation. Therefore, I am sure they are putting dinar on the streets as well (more than likely 1000, 500, 250, 50). [post 2 of 2]
1-3-2013 Iraqi Dinar Guru Tlar Article: “Financial expert: dollar sales increase in the central bank auction will affect the hard currency reserves” [one would think that with all these auctions they have had over the years that they would have sucked up most of the dinar by now how much more could there possibly be] Not to be concerned. For every dollar they sell today for 1189, they retire the equivalent dinar in todays exchange rate value. Later if the rate goes 1 to 1 they will be buying back every dollar at one dinar. [post 1 of 2….stay tuned]
1-3-2013 Iraqi Dinar Guru Kaperoni Article: “Financial expert: dollar sales increase in the central bank auction will affect the hard currency reserves” [one would think that with all these auctions they have had over the years that they would have sucked up most of the dinar by now, how much more could there possibly be] auction dollars are the CBI’s reserves. Too big of currency auctions and you are cutting into your overall reserves. I think there was an article this past spring when the CBI was collecting dinar (17 trillion over 3 months) they said if this continued, it would damage the reserves. [post 1 of 2….stay tuned]
1-3-2013 Iraqi Dinar Guru Flashing everything is excellent for the rv anytime now. in the worst case we are just waiting for the signature of Kuwait on the 9 agreements. So i am very happy. this morning i received a call that it will be a three kings day gift…3 kings day is jan 6…but again it is just rumors. the real facts which are not rumors indicate that we are hours, days, but not months away from our blessing.
1-3-2013 Iraqi Dinar Guru TerryK No indications from the IMF that they are going to extend the standby agreement, by now Iraq would have had to put in a letter of intent to the IMF asking to extend it, there has been nothing of the sort as of now, on February 23 Iraq will have to start paying for their debt. The ISX is supposed to be visible to all of us on the 7th of this month. I did get word today that we could see the rv as soon as thursday or Friday of this week…could take 24-48 hours once we see it on forex.
1-3-2013 Iraqi Dinar Guru Bluedog As far as Kuwait, I told you the meeting has taken place IMO and all had been done. Moon was in Baghdad. Moon was more interested in Chapter 7. Look for little signals here and there; when I look at articles, i don’t take the full article as gospel I try to pick out what’s gone wrong…when it comes down to the rv of the IQD, don’t follow every article, don’t believe every article…goes back to “who’s in charge”, who has their hands on chapter 7, who has Iraqi’s gold. [post 2 of 2]
1-3-2013 Iraqi Dinar Guru Bluedog Maliki is doing everything he can in the last days because he knows he can’t hide…he knows when they revalue they are coming after him. Iraqi people have come to a point where they have been promised the riches of Iraq and they are not getting it. Maliki will go on trial for the things he has done to the Iraqi people. [post 1 of 2….stay tuned]
1-3-2013 Iraqi Dinar Guru Med IT APPEARS THAT MALIKI HAS GIVEN UP BY HIM CALLING FOR NEW ELECTIONS. HERE IS THE ONE PROBLEM, ALL IN PARLIAMENT MUST RESIGN AND THEN VOTE TO DISSOLVE. THAT WILL MEAN THAT AT ONE POINT MALIKI WILL BE THE ONLY ONE IN POWER. DO YOU SEE HOW DANGEROUS THAT IS? [total control…bad for Everyone] YES…SURE IS. [do you think the demonstrations will carry on?] YES…THEY WILL.
1-3-2013 Iraqi Dinar Guru Delta I do not think the revaluation is in Iraq’s hands. I think it is in the hands of the U.S. The oval office of the U.S. is in charge of the revaluation, not Maliki or Shabibi. The U.S. came up with the plan and they are going to finish it…it is timing. On January 7th or 8th, they will open the books for 2013. A strange action by the CBI…all the banks are now allowed to sell dollars. The CBI has made tons of money through the auctions. Now they are giving away the business that they are making money out of. How can they do that? This gives you an indication that they are going to raise the value of the dinar. The rate has to come out before the budget and then the budget will be approved, or around the same time.
1-3-2013 Iraqi Dinar Guru Frank26 Iraqi citizens have been patient for all of 2012. But, if they don’t release the budget and if they don’t have a rate in it, watch the Iraqi citizens say enough is enough and watch Maliki do what he usually does…becomes a coward.