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Wednesday, January 13, 2016

DINAR GURUS UPDATE, 13 JAN

1-13-2015   Intel Guru Frank26   Yesterday the Prime Minister from Vietnam spoke about his currency...he said the move is only one of several measures to strengthen the role of the VN currency and steady the forex market...we are going to float...free like a bird...so what happened last week...the VND had two increments of growth...this is what a free float is all about...You know why else VN is doing the free float...well it is because we are trying to lift the 000’s from the streets...and you are worried the value is going to go down...I suppose you think the value of the IQD is going down too...NAM and many other countries are doing their own currency reforms...NAM is doing the same thing as Iraq…we know.

1-13-2016   Intel/Newshound Guru tman23
   We know that the optimum time for Iraq to lift the 3 zeros was at the start of the New Year (and this was in ink from Shabibi a few years ago).  We know that lifting the 3 zeros deals with a new system of accounting...We have seen articles that the banks have been instructed to "switch over".  The GOI was h^ll bent on getting the 2016 Budget passed before the New Year...AND now has slow walked it to being published in the Gazette  Make no mistake that "most likely" the process to lift the 3 zeros is in motion and being used in internal accounting processes.  This Sunday we should see some positive affirmations...IMO.

1-13-2016   Intel Guru Delta
   There is nothing wrong with this devaluation of the dinar...there’s a difference between the street value and the value within the CBI which is exactly one of the two compliances of the IMF in order to lift Article 8…The Finance Committee has CONFIRMED the presence of a project to reconsider the dinar exchange rate with the dollar with the government and the CBI...that is big...the CBI and the GOI together...that is a big step... understanding we got to do something about our exchange rate ...this is HUGE for them to admit yes we are devaluing...we are devaluing because we are forfilling the IMF regulations of what we have to do.  Look only the CBI and the IMF knows the date and the rate. 

1-13-2016   Newshound/Intel Guru BGG   [Guru wmawhite:  "Can you believe that very possibly within the next few weeks...all of you may have an entirely different life because your this investment may have come to pass."]  could be more like 7-10 days...

1-13-2016   Newshound Guru wmawhite
  Can you believe that very possibly within the next few weeks...all of you may have an entirely different life because your this investment may have come to pass.  From what we are seeing everyday, we have reason to believe that this is coming to us.

1-13-2016   Newshound Guru Kaperoni   Press Release:  "IMF Managing Director Approves a Staff-Monitored Program for Iraq"  Here is something really key...from a chart on page 32.  The CBI was suppose to accept Article VIII in 2012!  That was exactly when Shabibi was run off.  "October 2012   Article VIII acceptance"  Over 3 years behind schedule Quotes: "19. The government will maintain the Iraqi Dinar’s peg to the U.S. dollar..." "20.   ...Such a move towards acceptance of the obligations under Article VIII of the IMF’s Articles of Agreement will send a positive signal to the investment community that Iraq is committed to maintain an exchange system that is free of restrictions..."   IMO, though #19 says..."maintain the Iraqi dinar’s peg to the U.S. dollar" I do not believe that will be the case once they have moved to Article VIII...since this move will invite investment to Iraq (open the door to the new wild west of investment), it will create inflationary pressure. As a result, the dinar must float to compensate. In any event, once they are in Article VIII, the pressure created on Iraq's economy, will cause the dinar to rise in value (Balassa Samuelson effect)...so we should be very optimistic and excited that Article VIII appears to be coming this year.

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