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Saturday, July 23, 2016

DINAR GURUS UPDATE, 23 JULY

7-23-2016   Newshound Guru Shredd   ...the IMF's continued support and re-clarification that the peg to the dollar is in place is a good thing.  It is just a matter of time that the dinar will gain value as Iraq diversifies in it's outputs and regrows its reserves from oil revenues.  We are not invested in some penny stock that we're hoping to get rich on like the inbred, get-rich-quick dummies do.  ​We are invested in a sovereign currency for a wealthy country that is a new democracy and who has immense global support for economic dependence and participation in global economic growth.   [post 3 of 3]

7-23-2016   Newshound Guru Shredd
   [list continued]
7. The national currency trading outside the country would have a positive impact to buy more goods and services for the benefit of the country.
8. Grow GDP with a diversified balanced economy via a balanced increase of costs of goods and services while also increasing wages.
9. Finally have transparent financial openness, which contributes significantly to investment because of a healthy banking system which in turn stimulates the global banking industry.
10. Move to a single currency regime and move out of currency auctions.

Let me also add that...   [post 2 of 3....stay tuned]

7-23-2016   Newshound Guru Shredd   Article:  "IMF says no reason to devalue Iraqi Dinar"  This article captures most of the upside of having the dinar on par with the dollar. I'll list em for ya!
1. Having a sovereign, representative currency that is consistent with the cash reserve ratios.
2. Having a strong dinar rate that contributes to the national currency trading in foreign markets (huge btw).
3. Fully implement the project to delete the zeros which provides an exit from the country's economic crisis.
4. Restoring the money supply structure in line with the market data.
5. Allow for transparent, compliant trading currency between banks and other institutions operations.
6. Have a currency rate that responds to market fluctuations in a consistent manner.  [post 1 of 3....stay tuned]

7-23-2016  Newshound Guru tlm724  Here are the statistics I want to share with you all: CIA The World Factbook:  COUNTRY COMPARISON :: RESERVES OF FOREIGN EXCHANGE AND GOLD:  Reserves of foreign exchange and gold compares the dollar value for the stock of all financial assets that are available to the central monetary authority for use in meeting a country's balance of payments needs as of the end-date of the period specified. 
 
RANK RESERVES OF FOREIGN EXCHANGE AND GOLD: 
 
37 IRAQ $57,070,000,000 31 DECEMBER 2015 EST  
 
49 KUWAIT $31,430,000,000 31 DECEMBER 2015 EST
 
Isn't that pretty ? Iraq has quite a bit more gold and reserves...   [post 2 of 2]

7-23-2016  Newshound Guru tlm724  I spent some time this morning researching some numbers. I did a comparison of Iraq and Kuwait since I like Kuwait's exchange rate : 1 Kuwaiti Dinar equals 3.31 US Dollar.  The improving security environment and foreign investment are helping to spur economic activity, much more attention needs to paid to the private sector and that is on the table.  The overall standard of living still depends on the central government passing major policy reforms and laws...and that too is being addressed, it is just a matter of time.  ...I did some research so I could answer that old question:  Can Iraq support a one to one exchange rate? Well the answer is a resounding hail Yes and then some!  [post 1 of 2....stay tuned]

7-23-2016   Newshound Guru Bondlady   Article:  "Exchange rate and disinformation"  Quote:  "Mohammed Sharif Abu Mayssam repeated calls by some observers to call for the lifting of the dinar exchange rate against foreign currencies, to the extent that some of those claims up by making the value of the dinar equivalent to one dollar on the grounds that the caloric value of the current criticism is not consistent with the cash reserve ratios..."  ...this is a good article an could very well mean even better for us than what its saying...the fact that this article even exists means they are working on this right now, they are discussing all the pros an cons of it as they've done the last few times they've been ready to move the dinar rates or do something with the currency...we all know its long over due...this is definitely different than the last 10 plus years...I really do expect things to change in a big way with the new agreements made with talibani...art 140...hcl... several more huge things...I believe we will see those come to light very soon...hang in there every one ...its lookin very good for us all imo.

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