Iraqi Dinar Guru opinions 5-6-16
5-6-2016 Intel/Newshound Guru Poppy3 "...slow but deliberate movement...positioning to complete reform sometime in near future during june..." TIME WILL TELL...SOME REPORTS THAT KERRY REQUESTED WHILE HE WAS THERE A COUPLE WEEKS AGO THAT IF THEY WHERE NOT GOING TO FINISH REFORM TILL THE LAST WEEK OF JUNE TO JUST WAIT TILL JULY 4TH AND THE USA COULD CELEBRATE A NEW INDEPENDENCE DAY. I TRULY DOUBT THIS...HOWEVER I COULD HEAR KERRY MAKING THAT SUGGESTION... ...we have come thousands of miles in comparison to previous years on things actually getting completed...get ready for great news in june till july first week. there will be movement during that time...not sure if they will rv during that time but it is expected by many researchers...we are definitely closing in and we will all win together.
5-6-2016 Intel Guru Frank26 IMO...Last Thursday BIS and WB said to Iraq...Go on MR. Then they say that the IMF said they will finish with Iraq in May. That's what i believe.
5-6-2016 Newshound Guru Chattels ...the political discord makes it almost impossible to get anything through parliament, which is necessary to change the government. ...Abadi can change nothing without Parliament. The notion and assertions by the others that Abadi is "in control" or that "Parliament has been fired" is just nonsense. It is a dangerous "game" being played and the future of a democratic Iraq as we know it hangs in the balance.
5-6-2016 Intel Guru Blowolf ...We are now in a great point...we are there in all aspects of this whole rv situation. Things shall be moving forward shortly...
5-6-2016 Newshound Guru wmawhite ...what the deletion of the zero project is? ...it is a "project"...not a single event...the CBI, which controls the project...is already in the process of doing... Also...the process of moving into the markets is not going to wait on whether the Prime Minister has all of the ministers he wants or if he has only half...it is a process that has already started...and again, what we see is not the end of the world...just look at Japan's parliament, or Turkey's...not all of the world follow our rules of behavior.
5-6-2016 Newshound Guru Backdoc IF YOU ALL REMEMBER IRAQ HAD TO SETTLE DEBTS WITH ITS CREDITORS A COUPLE YEARS AGO! HERE WE GO AGAIN! WE AWAIT FOR IRAQS' SHIA BROTHER [IRAN] TO SETTLE ITS DEBTS SO IT WILL BE ALLOWED TO RE-ENTER THE WORLD! WHAT I STRONGLY BELIEVE IS IRAQ HAS MADE UP DRAMA TO STRING THE STORY ALONG UNTIL IRAN IS READY! IMO THE TWO SHIA BROTHERS WILL GO TOGETHER! IT HAS ALWAYS BEEN PART OF THE DEAL! AMAZING HOW IRANS RESERVES HAVE SOARED, THAT CAME OUT OF NOWHERE! WOW! ONCE THE DEBTS ARE SETTLED AND WE HOPE VERY SOON, IRAN WILL HAVE A CURRENCY OF COMPATIBILITY TO ITS SHIA BROTHER AND THE REST OF THE MONETARY REFORM WILL LAUNCH! THIS IS WHAT WE WAIT FOR NOT IRAQ! IRAN! ...IMO.
5-5-2016 Newshound Guru Shredd Article quote: "the Governor of the Central Bank and the agency on the Keywords, said a former time, that " the project to delete the zeros will be implemented in early 2017, noting that the bank" began to develop the first project steps." to begin to remove the zeros beyond shrinking the supply that has already been taking place over the past few years, the dinar will need to be usable to the people...that can happen by adding value and as a result, adding smaller denoms eventually decreasing the need for the dollar.
5-5-2016 Newshound Guru Shredd so if we are to expect a move to a market economy with a market-driven floating rate, that will need to be in place before they activate actually removing the 3 zero notes...they are usable now due to the poor rate but in order to remove them, there must be incentive via a higher purchasing power, ie more value...so,this is a process, it will take time...so if the three zero notes being removed early next year, this process to get to that stage will need to start earlier...the process of having a rate that gives enough purchasing power to exceed the usefulness of the three zero notes because they will be too large. imagine if the only USD notes we had were 100, 500, 1000, 5,000 and 10,000 same thing.
5-5-2016 Newshound Guru Shredd 1. Move to Market Economy with a market-driven currency 2. Supplement note denominations to support the growing value, as well as whatever the rate adjusts to rapidly to start with. 3. As large three zero notes become too large, begin removing from circulation 4. As rate continues to grow, continue to release the entire book of note denoms 5. De-dollarize
5-5-2016 Newshound Guru tlm724 Article quote: "...the Governor of the Central Bank and the agency on the Keywords, said a former time, that " the project to delete the zeros will be implemented in early 2017, noting that the bank" began to develop the first project steps." The project to delete the zeros still exists...still on the table...great to see it in the news again! the situation of the country is not conducive to the deletion of zeros from currency...we kinda knew that... implementation delayed because of the security situation is stable.
5-5-2016 Newshound Guru Islandg1211 The Monetary Reform was spelled out in the LOI from the CBI to the IMF six months ago. The final review scheduled in the LOI is the end of May. Combine this with Intel that the BIS and WB have signed off on the RV, along with Abadi and Biden. The bond, loans and credit rating agreement that was started in April with Jack Lew is expected to be finalized this month. 98% of the banking reform is complete. Abadi has stated that he has eliminated the Proxy positions, allowing him to appoint a new Gov of the CBI. The Board of Directors have already been replaced. So, the Monetary Reform has really progressed and is falling into place.
5-5-2016 Newshound Guru Stryker QUOTE: "the goal of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currencies." Statement today by Committee on Economy and Investment Parliamentary member, Najiba Najib. ...supporting documentation from the CBI and the IMF...shows Iraq is about to change their Monetary Policy that will add value to the dinar and make it a convertible currency that will be a competitor of foreign currencies...
5-5-2016 Newshound Guru Chattels There is no national state of emergency in Iraq. Abadi is not "in control". Parliament has not been "fired". Parliament is not meeting in Najaf. Parliament must approve a declaration of emergency by a 2/3 vote. Parliament cannot even make quorum with the Kurds having left town, much less agree upon such a declaration. People are grasping at straws to support their wishful thinking that the IQD will revalue any day now. Iraq is a mess and may not survive the summer at least in the form that we know it today. The "fantasy news" and the "all news out of Iraq is erroneous" is just plain silly. Iraq "entering the world markets" and an attendant "RV" in the first half of 2016 is delusional. You can vilify me in July/August if I am wrong. Democracy is a messy business. Some make it through, others not. We shall see what fate has in store for Iraq and us.
5-5-2016 Newshound Guru Admin Bob Article quote: "the project to delete the zeros will be implemented in early 2017, noting that the bank" began to develop the first project steps. "he explained " the purpose of deleting three zeros from the Iraqi currency is to support the Iraqi dinar and make it a competitor of foreign currencies." I believe that has been the plan for some months. Remember you cannot delete zeros prior to raising the value. 2017 has been the goal for some time.
5-5-2016 Newshound/Intel Guru BGG [I have a question about...in regards to Abidi forming new 'groups' and ridding the old ones...could the RV take place during this long process of changing such a large formation of 'government'?] I think that is accurate... RV could take place soon for a lot of reasons - once Abadi has a handle on things.
5-5-2016 Newshound Guru firefly Article qutoe: "The CBI confirmed its intention to remove the remaining exchange restrictions and the MCP, in line with Iraq’s objective of accepting Article III obligations." Iraq’s objective of accepting Article III obligations. This is the IMF talking folks!
5-5-2016 Intel/Newshound Guru Poppy3 ABADI HAS GIVEN THEM CHANCE AFTER CHANCE TO DO THEIR JOB. HE HAS MORE PATIENCE THAN I EVER IMAGINED. QUESTION WHEN DOES THE PATIENCE RUN OUT WITH THE ONES STANDING AGAINST THE PEOPLE OR IS THIS ANOTHER PLOY FOR HIM TO WEED OUT OTHERS HE HASN'T BEEN CONVINCED ARE INVOLVED WITH THE CORRUPTION. MAYBE HE IS JUST BEING CAUTIOUS AND THOROUGH. TIME WILL TELL SOON...HE HAS TO ACT TO BE READY FOR THE NEW RATE DURING JUNE. I DON'T THINK THE IMF WAS JOKING AROUND WHEN THE SET THE TIME FOR REFORM TO BE IN PLACE.
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