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Saturday, March 12, 2016

DINAR GURUS UPDATE, 12 MARCH

3-12-2016   Intel/Newshound Guru tman23  ...PM Haider al-Abadi has recently delivered a letter to Iraqi political factions, asking them to suggest their candidates within one week (by next Wednesday) as he is planning to re-form the cabinet sooner than planned.

3-12-2016   Newshound Guru wmawhite
   [what do u think of the bond sales...the 15th was a date to consider because of the bond sales on that date?]  Inside the USA $1 = $1. Inside Iraq 1 IQD = 1 IQD. A currency only has value when it is compared to another currency. It is not relevant when comparing to itself.  Let me ask this: to an Iraqi what changes with the domestic bonds if today the IQD becomes value at 1 IQD = $4.00? What changes inside Iraq with the bonds? Nothing.   Folks, the issue that are solely internal to Iraq has very little to do with what we are waiting on. The CBI/GOI could sell domestic bonds and receive payment in apples or gold or silver. That has nothing to do with the moving into Article 8 and the acceptance of the international financial community of the IQD.  The bonds have nothing to do with the eventual international exchange rate of the IQD.

3-12-2016   Intel Guru Delta
   They want to show investors that Iraq is safe with a new internationally traded currency.  We believe that in 2 to 3 weeks, we’ll see the flag fly in Mosul. Everyone wants Iraq to succeed and they want this done ASAP.  In regards to the Amnesty Law – it’s very, very important. It looks like everything has been taken care of and we believe we’ll see it this month.

3-12-2016   Newshound Guru rcookie   [Is there a possibility they could come out low (.10, .25 etc...) then a significant increase a month or so later?]  DOES NOT HELP THEM AT ALL...AND RUNS COUNTER INTUITIVE TO THE VALUATION NEED COMPETITIVELY TO BE ON PAR WITH REGIONAL AND BORDER PLAYERS...AND MORE IMPORTANTLY...TRADE PARTNERS...

3-12-2016   Newshound Guru Adam Montana
  [No country in history has ever had a major revaluation of their currency, instead went with the LOP option...what most makes you feel that they are going to revalue, and not LOP their currency?]  There is no other country in the world, or in history, that has been in the situation that Iraq is in now due to 1) the events that have transpired over the last 15 years and 2) Iraq's incredible wealth, resources, history, and potential. There just isn't anything to compare it to.

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