DINARESGURUS.BLOGSPOT.COM_________

Wednesday, November 11, 2015

DINAR GURUS UPDATE, 11 NOV

11-11-2015   Intel/Newshound Guru tman23   [do you thing with the isssue of 50 k notes will hold up the rv?]   They have said the "new" must come first as a prelude to the lifting of the 3 zeros from the currency notes...So end of Oct was 6 months after the removal of the 50 note (officially) from exchange.  THAT 50 NOTE WAS GOING TO INTERFERE IN SOME WAY WITH THE 50,000 NOTE LESS 3 ZEROS.  THERE IS AN EDUCATIONAL PROCESS THAT MUST GO ALONG WITH THE CHANGE.  JUST KNOW THEY ARE CHANGING AND THE SALARY LADDER ALONG WITH PENSIONS AND SOCIAL SECURITY WITH CUTS AND CHANGES INDICATE A DIFFERENT RATE MAY BE APPLIED...BUT I AM CONFIDENT THE 3 ZEROS ARE NOT PART OF 2016.

11-11-2015   Newshound Guru Enorrste  Article:  "The Central Bank of Iraq, announced issuing new cash paper category fifty thousand Dinars, includes writings in the Kurdish language..."    Article quote and explanation from 5-24-2015:  "this is a preliminary step to remove zeros from the Iraqi currency in the coming years", adding that "these two categories will facilitate the process of deliberation of the Iraqi dinar exchange for hard currency."  The quote specifically says that both the introduction of the larger notes AND the removal of the three zeros notes after that will lead to the "deliberation of the Iraqi dinar exchange for hard currency."  In other words, the article's writer is confirming my analysis that the introduction of the larger notes will lead Iraqis away from dollars since they will, after their introduction, have their own equivalent of a $50 and $100 bill, although worth just slightly less.  This will reduce the demand for dollars, and probably quickly, since they won't have to pay the 8% "vig" to get the dollars anymore.  Reduction in dollar demand is the same as increasing demand for dinars, meaning the value of the dinar will begin to rise.  At some point, "over the next years" and after they change the exchange rate regime to a float, the demand will reach levels where the three zero notes will be withdrawn due to their being worth too much to carry.

11-11-2015   Newshound Guru Revbo    Article quote:  "The Central Bank of Iraq, announced issuing new cash paper category fifty thousand Dinars, includes writings in the Kurdish language..."   I know they had originally said these were going to be out this year, but all the news, for the past six months, has been that they would be out sometime in 2016, which, to me, always sounded like an indefinite postponement with no guarantee that they would ever be released, but certainly not before 2016.   Now, the day after the Fed tells them to get on with monetary reform and they sign the MoU with the IMF, they put them out there. That can't be coincidence. [stay tuned for explanation from Guru Enorrste]

11-11-2015   Intel Guru Frank26   ...you are NOT going to see the LAWS implemented...you are not going to see the Lower Denoms given to the Baby Banks...You are not going to [see] Dr. Shabibi take the helm of the CBI...you are NOT going to see Dr. Shabibi announce his monetary reform process option... UNTIL WHAT...Until MALIKI is walked to the gallows...  So when will we see an increase in value...Dr. Shababi at the helm...the LD’s released to the banks...the laws implemented.

11-11-2015   Intel/Newshound Guru Poppy3
   I EXPECT RV PRIOR TO CHRISTMAS AND POSSIBLY EVEN THIS MONTH. TIME WILL TELL BUT SECURITY IS NOW GREAT, THE GREEN ZONE IS ALL OPEN AND THEY HAVE FREEDOM TO MOVE ABOUT AT ANYTIME. THEY PROMISE TRADE INTERNATIONALLY BY 2016 WHICH REQUIRES A RATE AND FOR THAT RATE TO HAVE TIME TO MOVE THEM THROUGH THE WTO AND THAT TAKES A MINIMUM OF TIME...  THIS IS WHY I THINK BEFORE THE END OF THIS MONTH IS NEEDED. THERE ARE SEVERAL OTHER THINGS... THEIR ISX IS TO OPEN INTERNATIONAL TRADE BY JAN 1. OTHER PROMISES ARE THEY WILL HAVE DAILY ELECTRIC SERVICE FOR ALL OF BAGDAD. THAT WAS SAID TO REQUIRE MILLIONS THROUGH THE BUDGET...THE CARDS ARE STACKED IN OUR FAVOR MORE THAN EVER.   [post 2 of 2]

11-11-2015   Intel/Newshound Guru Poppy3    MANY...STILL DOING THEIR BEST TO CALL FOR A FLOAT STARTING LOW THEN CLIMBING WITH A MARKET VALUE FLOAT.   WELL...LOW VALUE DOESNT MAKE A BIT OF SENSE AND ABSOLUTELY DOESNT SOLVE ONE PROBLEM FOR IRAQ. LETS SEE...WOULD IT FUND THE BUDGET (NOT AT ALL)...DOES IT ATTAIN ANY LOANS (NOT AT ALL)...DOES IT LET THEM SELL BONDS (NOT AT ALL)...MAYBE PAY RETRIBUTION THEY HAVE PROMISED (NOT AT ALL).  MAN I COULD GO ON BUT THATS MORE THAN ENOUGH REASONS THAT THE RATE WILL BE WHERE IT HAS BEEN STATED MANY TIME BY PEOPLE THAT MATTER..NEAR OR ABOVE $3.00 PLUS

No comments:

Post a Comment

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