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Monday, January 27, 2014

DINAR GURUS UPDATE, 27 JAN

1-27-2014   Newshound Guru Tlar    the Iraqi's are building a country from scratch...Most Iraqi's seem to be honestly working on trying to build and understand a democracy.  They recently appear to actually be reading their constitution and some now are trying to stand on the principles written into that document.  Iraq will get there and so will their currency.  I know in reality this could take more years but my personal belief is it is ready to go...   [post 2 of 2]

1-27-2014   Newshound Guru Tlar
   Certain investments sometime are not right for everyone...Iraq is sitting on an underground sea of oil and it has yet to have a viable currency.  At some time they will.  Iraq is a young country with lots of obvious problems.  Everybody has been frustrated with this investment at one time or another... I no longer worry whether it is today but remain hopeful it is always just over the horizon because I know it will happen someday...   [post 1 of 2....stay tuned]

1-27-2014   Newshound Guru Kaperoni
  The articles yesterday and today about the banking system clearly show they need to do more before they are ready.  This Dubai event may seem promising and encouraging, but...nothing will happen until the laws are passed, the reforms are done, and the CBI is in compliance.  Were talking weeks or even months..my prediction is now April or later.  Sorry.   [post 2 of 2]


1-27-2014   Newshound Guru Kaperoni
   Article:  "Iraq International Conference and Exhibition 2014"   They spend lots of money putting on these events, its time to do what is expected...open the banking system.
Unfortunately, Iraq is weeks, if not months away from getting the banking system where we want it.  To much on the table...laws, IMF compliance, etc.  IMO, Maliki will never give value to the dinar until the last minute before the elections.  Any increase now would only help those who run against him. [post 1 of 2...stay tuned][See possible “to do list” in the DinarGuru resource bar on the left.]

1-27-2014   Newshound/Intel Guru BGG
   I think Maliki's next play is to try and delay or create unfavorable conditions for any elections - if that doesn't work - I think he'll have very few options. Currency reform being at the top of the list...which he is close to now.

1-27-2014   Newshound Guru Kaperoni
    there is a new article on the bonds and gold coins out...appears authored by former deputy of the CBI Saleh.  these two items, bonds and gold will let them reduce the money supply but more importantly, reduce the spread between Official rate and Market rate. I believe this step will help them transition to IMF Article VIII.  Article Quote:  "The economist said: that this step has been the study of economic feasibility, by the Central Bank for the purpose of selling gold coins and cash and other foreign currencies as well as treasury transfers to the public soon."   Soon!
[See possible “to do list” in the DinarGuru resource bar on the left...#7]


1-27-2014   Intel/Newshound Guru Poppy3
   I EXPECT IT TO BE A RATE THEY KNOW THEY CAN MAINTAIN FOR 24 TO 36 MONTHS BEFORE THEY ALLOW IT TO FLOAT TO WHAT THE MARKET WILL ALLOW...WHAT DR SHABIBI STATED BEFORE HE WAS REMOVED.  THEIR SITUATION ON FINANCE HAS NEVER CHANGED WE ARE ALL STILL WAITING AND WATCHING.  [post 2 of 2]

1-27-2014   Intel/Newshound Guru Poppy3   STARTING A FLOAT WILL NOT HELP MALIKI GAIN FAVOR WITH THE PEOPLE TO STAND A CHANCE OF WINNING AN ELECTION AND ANYTHING STARTING BARELY ABOVE A DOLLAR WILL NOT GET THE PEOPLE OF IRAQ TO LEAVE THE DOLLAR FOR THE DINAR. IT WILL Have to be considerably higher than the dollar to gain any confidence of the IRAQ people or outside investors. I STILL STAND ON A RV OF $3.00 PLUS AND ACTUALLY WITHIN A NICKLE OF KUWAIT

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