Iraqi Dinar Guru 3-10-2013 Chats…
3-10-2013 Iraqi Dinar Guru Kaperoni Article: “BAGHDAD / obelisk: sales rose CBI of the dollar in the auction…a stable exchange rate at 1166 dinars per dollar.” The auctions serve a purpose, but they have nothing to do with the exchange rate. The rate is fixed!
3-10-2013 Iraqi Dinar Guru Frank26 [Walkingstick wrote on March 10th, 2013, 11:22 am: ATTN: FRANK...Sunday, March 10, 2013 15:28 BSA signed a memorandum of understanding with the Arab Academy for Science banking in OmanBAGHDAD / Baghdadiya News / signed BSA, Sunday, with the Arab Academy for Banking and Financial Sciences in Jordan a memorandum of understanding in the field of capacity building and training.] This is another individual step to bring Iraq into the international world of commerce. It says the IQD has a new and wanted VALUE within the WB…CBI/GOI…2013 Budget…UNSC to go Ch6 and IMF’s article 8. It says many unknown mandates and issues are conquered. To subdue these issues removes political crisis. This Academy is prestigious …Equalling a wanted condition of status. IMO, INTERNATIONAL STATUS.
3-10-2013 Iraqi Dinar Guru Med MANY KNOW THAT IS ONE ISSUE WE HAD…WHY IS SHABIBI SAYING SO MUCH? IT JUST DOESNT MAKE SENSE AND IT MADE LESS SENSE THAT THEY HAD THIS VISCIOUS SMEAR CAMPAIGN AGAINST ALL THE CBI POLICIES THEN WHEN THEY CAME IN THEY DIDNT CHANGE THEM. I DONT THINK IT IS A CONSPIRACY I THINK IT IS A SMART MOVE. SHABIBI COST THEM POTENTIALLY BILLIONS BECAUSE OF THE VOLUNTARY INFORMATION HE GAVE OUT ON THE CHANGE IN THE DINAR COMING. EVEN US WHO ARE NOT ECONOMISTS REALIZE THE PROBLEM WITH THAT. [post 2 of 2]
3-10-2013 Iraqi Dinar Guru Med THIS HAS TO DO WITH WHAT MANY ARE READING OUT OF THE CENTRAL BANK AND THE GOI ON THE IMPORTANCE OF THE REMOVAL OF THE ZERO’S. DO NOT BELIEVE WHAT YOU ARE READING. FROM WHAT I UNDERSTAND…THE IMF IS WORKING WITH OTHER COUNTRIES ALONG WITH IRAQ OBVIOUSLY TO MAKE A CHANGE IN THE DINAR. I HAVE SPECIFICS BUT THE PERSON WHO RECEIVED THEM GOT IT FROM A SOURCE WHO COULD LOSE THEIR POSITION. I AM ALWAYS SKEPTICAL BUT WHEN YOU THINK ABOUT IT, WHY WOULD THEY TELEGRAPH AN RV WHEN IT GOES AGAINST EVERYTHING THAT THE IMF RECOMMENDS OR DEMANDS ON SECRECY. [post 1 of 2....stay tuned]
3-10-2013 Iraqi Dinar Guru SWFloridaGuy When the IQD goes live (international) the IMF will send a ‘go live’ signal to the Central Banks (upon approval of BIS board), then it will hit the master board at their main corporate offices and proceed to the banking system (country to country) depending on the IMF release terms. There will BE ONLY ONE RATE, NO TIERS!!!!!!!; at which point, depending upon regulations, each bank will institute the buy/sell spreads. We have plenty to be grateful for, despite the countless setback we’ve endured. But even the most skeptical can see that Iraq’s come along way and the possibilities are endless. We will prosper from this, keep the faith. [post 4 of 4]
3-10-2013 Iraqi Dinar Guru SWFloridaGuy I’m not here to attempt to convince you that overnight Iraq will RV. On the contrary, after studying large currency appreciations and the repercussions that would have not only short term but long term (although anything is possible), I now take a more balanced approach that a large currency appreciation shock is on the horizon for the IQD but tend to believe this will be a more gradual process and only after certain changes have taken place that will ensure long term stability (economic not political). We are currently witnessing these changes and I postulate that before the elections this postulate will proliferate barring any unforseen political instabilty. [post 3 of 4....stay tuned]
3-10-2013 Iraqi Dinar Guru SWFloridaGuy Iraq currently has $60 billion in foreign currency reserves. In the 70s, when their former currency boasted a much larger value, Iraq’s foreign reserves were only 35 billion. As CBI reserves grow, so does their credibility. They passed their largest budget in history and are making Chapter VII removal, WTO accession, appeasing the Kuwait, receiving support from the United Nations/negotiating with the Kurds and HOPEFULLY resolving the elusive HCL/140 in a way that satisfies all parties involved. [post 2 of 4....stay tuned]
3-10-2013 Iraqi Dinar Guru SWFloridaGuy Let’s examine some applicable information that also happens to be very encouraging regarding Iraq’s natural wealth and financial/political outlook: They have already mined thousands of tons of gold, which was set aside for the purification and extraction process. This discovery, among others, could turn Iraq into a producer of gold more than oil. It has also will increase the prices of real estate due to the influx of gold job seekers. [post 1 of 4....stay tuned]
3-10-2013 Iraqi Dinar Guru Bluedog As far as the RV, I expected if they did not RV just b4 the Budget that News and Intel would go quiet…so any Intel Providers will find it hard to find out anything as the News has gone like our Black out this week… Last I heard is that people leaving Baghdad were not alowed to take any Dinar out side the country and that the Borders were under heavy surveillance and keep in mind the News will be the same way. Up till now they had to train the Iraqis of what was coming on TV and in the news with the Dinar. IMO, they are done…the GOI has told you they are giving the Green Lite to the Currency to have value. Now all we can do is wait this quiet out…and quiet is GOOD, IMO.