,
DINARESGURUS.BLOGSPOT.COM_________________ _______

Tuesday, June 16, 2015

DINAR GURUS UPDATE, 16 JUNE

6-16-2015   Newshound Guru Kaperoni   Article:  "The central bank to take new action to stop the decline of the dinar" Quotes: "decided to consider Saturdays of each week normal working days," noting that "this action will be effective in the day on Saturday the 20th of June the current."  &  "decided to reduce the deposit period for feeding the external accounts of banks amounts." The bank added that the "reduce the deposit will be from ten days to five days, and as of next July."    Well so now we know what the new measures are...they are going to sell on Saturdays and they are going to increase the amount of dollars.   It continues to amaze me that for years the IMF tells them the same thing all the time, yet this is about the 5th time over the last 8 years they do the opposite..as if they think they know better and the result is always the same...the market rate slides.  There is really no excuse for such poor management of the currency which all started with Maliki interfering.

6-16-2015   Intel Guru Frank26
    ...our studies of 30-40 cents is not going to work based on what Shabibi is doing all over the place. And, if the rate came out to $3+, the rate would be detrimental to the reform, IMO...the banking structure not only in Iraq but worldwide, wouldn’t be able to sustain a $3-4 thrust...based on what we’ve been studying for the last few weeks and...one reason is they need to educate the citizens.  We believe this will bring it to a 1 (Iqd) to 1.16 (usd) because the exchange rate 1166...the engineering of the mathematics have been pounded with the monetary reform very well. As much as there was confusion with this rate, that rate, whatever…we come to you with a strong opinion that this roughly 98 cents to $1.16 is somewhere in that range in their calculations.

6-16-2015   Newshound Guru sczin11
   AND MANY COMMITTEES FROM PARLIAMENT REPORTING ON CURRENT MEETINGS...YET THEY ARE IN RECESS, AREN'T THEY?  AND ALL THE DIVERSION WITH THE DECREASE IN THE VALUE OF THE DINAR, WITH FINGER POINTING AND ACCUSATIONS AGAINST THE CBI...AND, ALL THE REVELATIONS FROM THE INTEGRITY AND JUDICIAL COMMISSIONS, ESPECIALLY BUT NOT LIMITED TO THE FALL OF MOSUL...AND AT THE SAME TIME, MORE DIVERSION, REPORTS OF MALIKI RUNNING AGAIN, AND HAMPERING THE ABADI PLAN...WHICH HAS BEEN REPORTED SINCE THE DAY ABADI WAS RATIFIED AS PM...THE ABADI PLAN BEING IMPLEMENTED...RIGHT BEFORE OUR EYES!   [post 3 of 3]

6-16-2015   Newshound Guru sczin11 
  HAVEN'T THEY BEEN SAYING THE CITIZENS ARE NOT USING THE BANKS...THEY NEED TO GET THE PRIVATE SECTOR IN...THEY NEED TO PROVIDE MORE CONFIDENCE...JUST THINK ABOUT THE ABOVE HUGE HUGE REFORM...NO ADVANCE WARNING, AND IMMEDIATE CHANGE...WOW!  OBVIOUSLY THIS WAS PLANNED...AND OUT OF NOWHERE, YESTERDAY, DR. SINAN AL SHABIBI, APPEARS...AND UPPER MANAGEMENT REPRESENTATIVE OF THE PRIVATE BANKS STARTS WORKING AT THE CBI...ALL COMING OUT ON THE EVE OF RAMADAN?  [post 2 of 3....stay tuned]

6-16-2015   Newshound Guru sczin11
   Article:  "Central Bank eliminates the Sabbath banks to meet the requests of foreign currency"  Quote:  "Iraqi Central Bank announced on Tuesday, the abolition of the Sabbath to meet the requests of banks foreign currency, noting that he had decided to reduce the filing period for amounts for feeding the external accounts of banks from 10 to 5 days. The central bank said in a press statement received by "tomorrow Press," that he "considered Saturdays decided to normal working days to meet the requests of banks and foreign currency with effect from 06.20.2015." "We also decided to reduce the filing period for amounts for feeding the external accounts of banks from 10 days to five days, and from the first of next July."   HUGE CHANGES STARTING THIS WEEK...THIS IS HUGE NEWS...THE CBI WILL BE OPEN ON SATURDAYS NOW....THEIR SABBATH...TO MEET THE NEEDS OF INTERNATIONAL BANKING... AND THEY WILL RELEASE FUNDS DEPOSITED, TO SEND INTERNATIONALLY, AFTER ONLY 5 DAYS, INSTEAD OF 10...   [post 1 of 3....stay tuned]  

6-16-2015   Newshound/Intel Guru BGG
   3) Who replaced Turki and "appointed" Ali al-Alak as "acting proxy" Gov of the CBI mere days before his own ouster as former Prime Minister?  Hint - Alak would have been seen as a very "friendly face" in the CBI (a critical office on influence) for Maliki - he was the Sec Gen for Maliki's Council of Ministers (AKA - his right hand man) for 7 or 8 years of his previous regime...Getting the picture?  Every time the GOI (the government of Iraq) appears to get things...going - for instance - getting close to implementing Customs and Tariffs (these Laws are already passed), right near the "go date" someone, somewhere seems to stall things...These latest rumblings against Maliki and Alak are VERY HEARTENING!!  [post 2 of 2]

6-16-2015   Newshound/Intel Guru BGG
    Article quote:  "Parliamentary Finance demanding exemption Keywords and appoint a person to manage efficiently the central bank"  If you are wondering who it is who has been holding things up...  1) Who swept in on a weekend scooping up most of the CBI middle management and filing charges against Dr. Shabibi?  Hint - the guy famous for "political arrests".  2) Who threatened Turki while he was the first "proxy" Gov of the CBI (who, in fact, appointed him)?  Hint - the guy famous for "proxy" appointments.  [post 1 of 2....stay tuned]

6-16-2015   Newshound Guru Kaperoni    From CBI - "The /all banks (convert dollar amounts)"  The message is only one sentence and here it is..."This is to all banks:  The instructions regarding drawing of dollars will end on 5/25/15, pending further instructions."  I wonder if this is a typo, meaning 6/25/2015.

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.