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Friday, November 6, 2015

DINAR GURUS UPDATE, 6 NOV

11-6-2015   Intel/Newshound Guru Mnt Goat   They now have a fixed currency already. They already tried floating their currency and put it back on a fix. They have done this many times already...   The problem is they are still technically in sanctions from Article 8 of the UN war sanctions against Iraq.  Until they get their currency returned to them to the international/global arena they will remain in article 8, float or fixed it does not matter.  They need a “real” currency and not this play money. What we are looking for is for them to tell us they are launching the lower denominations notes, or  launching of the 50k / 100k notes or the continuing with the “project to delete the zeros” or the re-pricing the dinar against all international currencies and not just the US dollar Are they planning to go international?  Yes... the bottom line is they still have to do something with the currency first and they must realize eventually it is going international.

11-6-2015   Intel/Newshound Guru Poppy3
  THEY HAVE ALWAYS MENTIONED A MEDIAN RATE THEY CAN MAINTAIN ... WHAT IS THAT RATE...NO ONE KNOWS YET BUT IT WILL HAVE TO BE SUBSTANTIAL TO FULFILL THEIR BUDGETS AND PAY LOANS ALONG WITH RESTITUTION LEFT UNPAID.  I AM CONVINCED PERSONALLY THAT RATE WILL BE CLOSE TO $3.00 PLUS. THIS IS MY OPINION ONLY BUT BASED ON STATEMENTS MADE BY SHABIBI AND HE IS STILL THE ONLY IRAQI THAT I CAN SAY NEVER LIED TO THE PEOPLE OF IRAQ AND US IN MY 12 YEARS OF FOLLOWING. 

11-6-2015   Newshound Guru Enorrste   Therefore, I believe it is reasonable to conclude that, ultimately, this movement is being driven by the IMF and that they, along with the CBI, who are in the same pea pod as the IMF, have sold Abadi on the entire plan. Now we know that Abadi has sold his "reforms" to Parliament. In short, the ball is moving and I believe it will move quickly. Saleh has already been on record that the beginning of a year is the proper time to make this sort of major advance (the float). To conclude, these reasons bolster my view that we will see the float in early 2016.  [post 2 of 2]

11-6-2015   Newshound Guru Enorrste   I believe that Abadi has sold his program to the Parliament and that program is the CBI plan to raise the value of the dinar. This means that for the first time we have all of the major players on the same page, irrespective of Maliki's attempt to meddle in the process.  I see forces moving that cannot be stopped easily.   Furthermore, if you recall, it was the IMF who insisted that the Investment Law be passed before the end of October, and it was, barely. It was also the IMF that stated unequivocally that Iraq would "enter the world market" in early 2016  

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