Thursday, March 21, 2013

DINAR GURUS UPDATE, 21 MARCH

3-21-2013  Newshound/Intel Guru BGG   [doc talks about the may date with the dfi funds...so im guessing that hasnt been extended...does anyone know when they have till to ask for a extention, thats if they even can again?]   they have extended "at the last minute" in years before. They could this time too...but I do not look for that to be in play...

3-21-2013  Intel Gurus TerryK & Bluedog   news in Iraq is irrelevant at this time...lots of good signals, signals of WTO, Ch 7 to be lifted, loan making to Egypt to become a donor country.  [do you have anything about the PM of Kuwait making a visit to Iraq? will be the end of the month (article).  what is more significant about that TK remembers about he wouldn't step into Iraq until the RV happens.  2 times in an article talking about the Kuwaiti PM said that Chapter 7 has been signed, maybe a bad translation, but talking like it was already done...may not have been publicized...when he shows up they may announce it then.

3-21-2013  Newshound Guru Tlar   Any country that can buy and retire a large % of its outstanding currency will ultimately be rewarded with a positive result of value increase.   The dinar has an extremely large amount of foreign currency reserves for the dinars that are out.  No body knows how much is still out but it has to be much less than the original 30 trillion number that the CBI through out before they started to dollarize Iraq and buy them all back.  Value to value there is no less than 3 dollars in foreign reserve currency in the CBI to back 1 dollar in the streets and that number I believe to be very low.   At the point that the CBI wishes to change the present situation concerning valuation of the dinar at 1250, they can do it on a dime.  [post 2 of 2]

3-21-2013  Newshound Guru Tlar  Article:  "Deputy: interference by the executive work of the Central Bank led to a decline in the exchange rate of the Iraqi dinar"    Though all the crap the bank has had to endure, the accusations, the personnel changes, the government interference and those quasi experts who keep making stupid remarks and recommendations, the actual direction has remained the same.  The currency markets in Iraq are going the right way as the CBI continues its course in spite of everything.  They are still buying dinar and retiring it.   The net result will be extremely positive for us as investors and for the people of Iraq.  [post 1 of 2....stay tuned]

3-21-2013  Intel Guru SteveI    there is so many good things happening behind the scenes and not much of it is being reported by the media.  we are being told that wages being paid April 1st will be in the new rate and they are already preparing them and trying to explain to them in advance so they will not panic when it happens.  We feel that this should not go if any but a few days into April. Too many things are lining up to cause further delays.  Another bit if information, I was able to confirm for a fact that the Treasury personal is in fact still in Iraq located in the Embassy and the CBI which I believe this to be very positive.

3-21-2013  Intel Guru Delta   They have given Iraq all the way to the end of this month to increase and release the rate.  They got the green light to move forward. I was told they got the rate as well but it was not imparted to me. But I was told they did in fact get the new rate and the IMF approved that rate! The rate already exists but we don’t know what it is. Only certain people know what it is. We don’t know the date and rate. The budget will trigger this new rate!  [post 2 of 2]

3-21-2013  Intel Guru Delta    You won’t see this in an article. Remember when the IMF met with the delegation from the MoFinance and MoPlanning; the IMF got ALL of the final accounts for the previous year from Iraq and they have given their blessing to Iraq and they are happy about it! Remember before you can release the new rate they had to have an audit from previous years for all the accounting aspects. Likely from 2003 – 2012. When they met in Jordan, the IMF approved everything.  [post 1 of 2....stay tuned]

3-21-2013  Newshound Guru Breitling  These guys are moving forward, they are passing laws that need to be passed.  Do they have a little bit more to go, absolutely.  But if you look at what they have passed, it's remarkable.  It's a winning game plan.  They have to go through a process.  There has to be a good result.  It's very simple, they have to build their infrastructure.  If they don't build their infrastructure correctly, it will hurt them.  They are not going to sabotage their own economy.  In the meantime, it will start pipping up.  The procedures are happening right before your eyes.  Let's just see where it goes.  [post 2 of 2]

3-21-2013  Newshound Guru Breitling  There is no date set for the revaluation.  They are going through policy.  They are actually stopping the selling of the dollars and it is actually causing the value of the dollar to go up a little bit.  Sooner or later that will stop and they will switch to the dinar and the usage of the dinar will cause it to pip up.  There is no date for that.  It's call behavioral economics.  The markets themselves will pick when it will go up.  That doesn't mean there won't be a hard revaluation coming up, IMO, I believe that definitely will happen.  [post 1 of 2....stay tuned]

3-21-2013  Newshound Guru Adam Montana   [If a worst case scenario were to happen...would the Kurds produce their own currency? Then is it probable to have a Sunni/ Shiite currency only?]   I don't think it will happen, in fact I think it's more likely that the entire region would go to one currency before they would split up and use a different "Kurdish" currency.   Also, since  the "Kurdish" region is so hard to define, they don't even technically have their own "country"... it would be really hard to do. I don't think they will be leaving Iraq.

3-21-2013  Intel Gurus TerryK & Amaddan    major contractors that are doing construction paid today at $7.42 in Iraq...has been confirmed.  hearing constantly showing up at different WF screens at $7.24.  supposedly RV'd a few nights ago... it is being traded as a commodity on trade screens at forex... had heard this, heard it would happen 24-48 hours before showing at the banks...so that has been going on the past days...enhanced security around CBI going on.

3-21-2013  Newshound/Intel Guru Flashing   In fact for those who say that this is the same as in other years...let me tell you that you are totally wrong.   In previous years Iraq  had not paid the debt of Kuwait Airways, had not reached a settlement in international courts with regard to that issue, had not reached significant agreements on other items and had not worked in the borders markers as is being done now ( with a deadline  of March 31, 2013), had not reached agreement on certain  maritime items,  etc.  As I have said previously this rv is tied to chapter 7 .  In my opinion the best window for our rv will start on March 31, 2013.  [post 3 of 3]

3-21-2013  Newshound/Intel Guru Flashing   As you know the freezing of assets as well as other measures are used against the aggressor countries that pose a threat to world peace and security. Definitely the fact that KPM has on its agenda to remove Iraq from Chapter 7 sanctions is exciting.  Consequently all
significant items for international peace and security have been done or are being worked on by both parties and such agreements should be finalized during the visit of Kuwaiti PM.   If we consider that in addition to this, on May 22, 2013 the sanctions over  frozen funds will be lifted, we are definitely in  the best time of our investment.  
 [post 2 of 3....stay tuned]

3-21-2013  Newshound/Intel Guru Flashing   Article:  "Kuwaiti Prime Minister in Baghdad next month to discuss removing Iraq from Chapter VII"  another excellent article which let us know how great is our near future.  the agenda of the KPM  [Kuwati Prime Minister] is very promising for our purposes. It includes a number of issues that are directly related to Chapter 7 and showing other joint business  between the two countries allowing us to deduce that the relations between the two sides are very good. One issue is how to remove Iraq from Chapter 7 sanctions

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