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Sunday, January 3, 2016

DINAR GURUS UPDATE, 3 JAN

1-3-2015   Newshound Guru Enorrste   Article quote:   “fear the economic and financial circles Iraqi that leads the Iraqi Central Bank's decision to reduce the value of the dinar against the dollar as of yesterday”   the article confirms…This move is a short term strategic move, not a devaluation.  I particularly liked the fact that the article states quite clearly that any talk of a devaluation is "baseless."

1-3-2016   Newshound Guru rcookie    [… your opinion on the dinar starting out at its present rate and floating up on demand as people invest…is that possible?]  I DO NOT BELIEVE THE CURRENT SUPEFICIALLY IMPOSED RATE WILL BE THE STARTING POINT OF A FLOAT.

1-3-2015   Newshound Guru Chattels   It appears that [Guru] Kaperoni is saying that matters are so bad that something must and will be done in the area of currency reform.  I wonder and doubt, but I will be pleased by any pleasant surprise.  Hardly the preferred posture presented by Shabbibi, but no doubt there are a number of scenarios which may lend itself to or militate in favor of our liquidity event and we have never known the recipe(s) with any certainty.  None of us much care how IT happens, only that IT does…  [reference Guru  Kaperoni post 1-2-2015]

1-3-2016   Newshound Guru rcookie    […they have tried to sell bonds before... no takers... at 1166...]   IT IS NOT THE SAME ENVIRONMENT...NOW THAT THEY HAVE MET FULL COMPLIANCE WITH ALL IMF...WB...UN MANDATES....DEFICIT REDUCTION...SUBSIDY ELIMINATION...SALARY LADDER....NON OIL REVENUE STREAMS...TARIFFS...AND COMPREHENSIVE IMF MONITORING OF ALL ECONOMIC AND MONETARY ACTIONS AND POLICY...INCLUDING FULL IMPLEMENTATION OF 2016 BUDGET DISBURSEMENTS TO ALL PROVINCES...NEW DRIVER FOR THEIR ECONOMIC AND MONETARY BUS...AND THE INTERNATIONAL INVESTMENT COMMUNITY KNOWS IT....

1-3-2016   Intel Guru Hub  the imf's purpose is to insure the stability of the international monetary system.  one document from 2010 states the imf wanted iraq to have a stable economy and set the value at 1166. they wanted to stop inflation and set up the govt to help pull iraq out of the pits…now its a different ball game and they are ready to go forward...so we shall see…its not reconized as an international currency, so to pay for the hotels, oil work, water systems, elecetric company, sanitation for the country, and so on and so on, they have to have a currency everyone will take...so what must happen for this to occur?  Shabbs [Dr. Shabibi] said the dinar will be the most valued and thus most respected currency in the world.

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