Iraqi Dinar Guru 2-28-2013 Chats
2-28-2013 Iraqi Dinar Guru SWFloridaGuy Along with the training, submitting a memorandum and additional negotiations they need to also have a convertible currency. The CBI’s goal is for the IQD to go international. To do that they need to raise the value. The next step is to pass the budget and the HCL. As usual the timing/mechanism will always be an unknown factor but I do think it’s in Iraq’s best interest to move ahead with the economic reforms upon completion of those events. I’m optimistic that this coming period will bring us some much needed political/economic stability and reform. [post 2 of 2]
2-28-2013 Iraqi Dinar Guru SWFloridaGuy There was a very encouraging statement from the Finance Committee calling on the GOI to promote the IQD in investment company dealings to support dedollarization and promote the strengthening of the national currency and economy. They also said “increase its value and enhance confidence.” I don’t think it’s a coincidence that this coincides with senior Iraqi officials receiving intensive training on the multilateral trading system necessary for WTO accession and being instructed on the necessary additional steps to take. [post 1 of 2….stay tuned]
2-28-2013 Iraqi Dinar Guru Delta “URGENT FROM IRAQIA TV: FINANCE COMMITTEE CALLS THE GOV TO FORCE INVESTMENT COMPANIES TO TRADE IN IQD” THE ONLY WAY FOR THOSE COMPANIES TO USE DINAR, IT HAS TO BE TRADABLE…MORE VALUE RV…YOU CAN SAY ARTICLE 8.
2-28-2013 Iraqi Dinar Guru Mountainman Article quote: “A member of the Committee on Energy and Oil parliamentary Furat al-Shara “The oil and gas law will pass before the middle of this year” Finally some positive news about the HCL. It looks sometime between now and the next few months it will be resolved. It’s directly connected to the passing of the budget and should follow shortly after. Everything is falling into place. Most likely in the order of Budget, HCL, RV/RI/Float, Chapter VII then WTO.
2-28-2013 Iraqi Dinar Guru Wisdom GONNA RUN WITH A THOUGHT HERE… dealing with the facts as I know them. SO we’re hearing that they WILL be meeting…to pass laws and vote on the 2013 budget. That is a fact. Question is….WILL THE RV be released upon the passing of the 2013 budget or do they need to have the RV to meet their budget as it’s being passed for the year to cover all their bills? There is the school of thought that the revaluation is NEEDED to support the budget for 2013 and so would have to happen with the passing of it before it could be a reality for Iraq to be able to meet it’s expenses.
2-28-2013 Iraqi Dinar Guru Arthur Article: “Parliamentary Finance Committee called on the government to impose the Iraqi dinar in the dealings of investment companies operating in the country with a view to supporting and strengthening of the local currency abroad.” I DON’T WANT TO GO AS FAR YET AS DECLARE THAT THIS ARTICLE CONSTITUTES THE RV, BUT I WILL SAY THIS IS A STUNNING DEVELOPMENT BY THE FINANCE COMMITTEE OF IRAQ. THEY ARE NOW IMPOSING THAT ALL INVESTMENT INTERNAL AND EXTERNAL BE DONE IN DINAR INSTEAD OF USD. THIS WORDING INTIMATES AN INTERNATIONAL CURRENCY AND A FLOATING IQD FOR IT TO HAVE THE CAPABILITY OF INCREASING IN VALUE BASED ON IT’S OWN COMPETITIVE VALUE THROUGHOUT THE WORLD WHICH SHOULD BE SUBSTANTIAL DUE TO THE VAST WEALTH OF IRAQ.
2-28-2013 Iraqi Dinar Guru Adam Montana [About 1 1/2 years ago with Shabs at the helm, the CBI adjusted the sell rate from 1170 to 1166…why 4 pips and why then? Why not 3 or 5 or 10 and why then?] The CBI at that time said they did it because that was where the value should be… but those of us that were watching closely at the time know that there was a huge resistance to the move. Many said at the time that there was no reason to do it, that it would not make a difference, and quite honestly… like you said, what is the purpose of such a small move? The purpose was, in my opinion, to show the world that they will move the rate however and whenever they want. The 4 pip move served absolutely no purpose other than just that – to prove that the CBI and only the CBI is in charge of the rate.
2-28-2013 Iraqi Dinar Guru Bluedog CBI will not sell USD to the citizens they can only buy 10,000 per month and only one day a week thru state banks and they need a passport now to do that – very difficult to get. Forcing them to revert to Dinar. IMO, this will inflame the people so they must move fast to resolve the New CBI Laws …RV’ing their currency… =RV.
2-28-2013 Iraqi Dinar Guru Blaino ALL IN THE DINAR WORLD IS MOVING IN OUR DIRECTION…MANY THINGS ARE AFOOT IN THE DINAR WORLD AND ALL THE FOOTSTEPS ARE COMING OUR DIRECTION, CINCH UP YOUR SEATBELTS, I THINK THIS THING IS COMING IN HOT!
2-28-2013 Iraqi Dinar Guru TerryK I JUST GOT A SOURCE CALLING THAT THE BANKS ARE GET CODES TONIGHT TO TELL THEM TO TURN THE CODES ON. WE SHOULD SEE THIS TOMORROW. THIS IS MY WF [WELLS FARGO] SOURCE. HE IS WAITING ON THE EMAIL TO GO. THE EMAIL ONLY WILL COME AFTER CL [CHRISTINE LEGARDE] SPEAKS. [Did you say if and when CL and O will make announcements.] NO, SHE IS, AND THERE WILL NOT BE ANYTHING POSTED ON TIMES OR LOCATION FOR SECURITY REASONS. THEY HAVE BEEN WAITING FOR JACK LEW TO TAKE OFFICE AND THEY SIGNED HIM TODAY. DID YOU ALL KNOW THAT JACK LEW TOOK CARE OF THE KUWAIT RV.
2-28-2013 Iraqi Dinar Guru Wisdom Yes, I do believe we are on “Target” for this to happen… any time from tomorrow on! I do think that there is a “Possibility” from here on that we could see it in any order of ALL the items on the list I’d mentioned being passed, sooner or later, as they line up. I cannot in any way find a logical reason that this could not happen immediately. [post 3 of 3]
2-28-2013 Iraqi Dinar Guru Wisdom Did that happen? Don’t think it turned out the way he expected…Shabibi was solid on his demands that ERBIL MUST BE IN PLACE BEFORE THE RV would be allowed to happen. He’s not there… has this released that promise? Not sure at this point, it may be that it was a way for Maliki to allow it to be pushed through without having to share the power between the other 2 presidents. Erbil, Article 140, Chapter 7’s removal to Article 8, the oil contracts, and a couple of other issues were on that list that I’d said NEEDED to be DONE and agreed upon to get the RV in place and released. Am I sticking by that list at this point. [post 2 of 3….stay tuned]
2-28-2013 Iraqi Dinar Guru Wisdom Does Erbil hold up the RV from taking place? I have to address this question because…there was a check list that I’d stood by of things that I believed needed to be in place before I would EXPECT the RV to show. Erbil was one of them on the top of that list. BUT…That was while Shabibi was in charge and the head of the CBI, now he’s not. My thoughts on that are that Maliki deliberately had him removed to get more control over the CBI and thus be able to get more funding for the Iraqi Government from the bank itself. [post 1 of 3….stay tuned]