|
Search the Community
Showing results for tags 'opinion'.
-
9-16-2019 Newshound Guru Jeff Article [Parliamentary Energy: The Presidency of Parliament addressed the government to send the oil and gas law to vote on it]. ...we are in close proximity to the rate change that is why since mid July the news has been flooded with articles talking about HCL and Article 140...But what I want to stress to you is these are post rate change laws...news has blown up and exploded with articles talking about HCL oil and gas law and Article 140 because Iraq is now positioned for these. We're right in front of the rate change... -
9-1-2019 Newshound/Intel Guru Mnt Goat Article: "NEWS: ON IRAQ'S ACCESSION TO THE WORLD TRADE ORGANIZATION (WTO)." Yes, Iraq will need a currency to join the WTO. Oh – but they have a currency now. But can it be used easily in trade? NO..! That is the problem here. This is why they need to reinstate it. So they DO NOT need to be on FOREX, but it sure helps in trading globally to be able to tie into the currency exchanges electronically to get the current exchange rate for the conversion...
-
9-1-2019 Newshound Guru Jeff if they're telling you two currencies will coexist that means they stand valid and legit...it doesn't mean a 25k became a 25...They flat out told you the two currencies will coexist. That means the large notes are still valid. And the small denoms after the rate change are still valid. There is no other direction you can go with this...because they're different sized notes that have different values. A 25k note still is a 25k...a 25 note is just that, it's a 25. There is no grey areas...as an example, if the USD value...was $3 then it's very simple. A 25k times $3 is now worth $75,000 and a 25 times 3 is worth $75. It's that simple. (Please note he's only using the dollar as an example - not any intimation of what the IQD will be valued at)...RON
-
9-1-2019 Newshound Guru Kaperoni I still do not believe the CBI will make any monetary change until after the economic laws are in place and the budget is passed for 2020. One thing I'm very certain is Article VIII is coming because that has been well laid out in the IMF Art IV Consultationsand more importantly Iraq wants to activate the TIFA Agreement with the United States. Freedom of movement of capital is a necessity.
-
8-28-2019 Newshound Guru Kaperoni I want to clear something up since I'm getting some fan mail..lol. I do not think it's going to LOP. What I am saying is if parliament has its way they will LOP the currency. Lucky for us though the CBI is following the directive from the IMF, as far as we know...Which is to create the conditions for the currency to float. That is why they are pushing so heavily to diversify and build a market economy. It's taken some time for Iraq to put the conditions in place, in fact several years, but things are beginning to line up for early next year as they add 72 trillion dinar to the budget to kick-start the economy.
-
8-22-2019 Intel/Newshound Guru sandyf ...One of the big problems is that many do not understand the difference between the monetary unit(Dinar) and the currency(IQD). Countries do not remove zeros from the currency, they are removed from the monetary unit. In a redenomination the currency IQD would retain the zeros and a new currency introduced that did not have zeros. The old Turkish lira TRL still has zeros, it was the new currency TRY that had the zeros removed. When reading articles care needs to be taken in respect of the context, are they referring to the monetary unit or the currency.
-
8-20-2019 Newshound/Intel Guru Dinar Investor - Jeff Today we had articles on coins, their importance and significance and how they're related to changing the rate which is deleting the zeroes...These articles are from the Finance Committee... But there's another layer to this...the foundation or starting point for all of this. Article: "Directed To re-work the Coin" Quote: "Bank of Iraq, aimed at raising the dinar exchange rate and maintaining the stability of inflation" ...The reason they are saying they need to increase the dinar exchange rate to maintain stability of the inflation...that's actually the foundation right now for deleting the zeroes and implementing lower denoms...plus coins...(post 1 of 2)... 8-20-2019 Newshound/Intel Guru Dinar Investor - Jeff ...they are telling us...coins are needed when you have a higher exchange rate such as Kuwait...you can't have coins in circulation in your country unless you have a fair exchange rate. Article: "Deleting of Zeroes Curbs Inflation" They need to delete the zeroes to curb inflation that will allow them to mint coins and they will have a higher exchange rate from the deletion of the zeroes to support and sustain and allow for the minting and use of coins within their currency...(post 2 of 2)...
-
8-15-2019 Newshound Guru MilitiaMan Article: "The Kurdish delegation's visit to Baghdad will discuss the return of the region's share of the budget to 17 percent" So it looks like they are going to put this issue to bed finally!! I like the time line they have too. Seems to fit in line with all the education they have had on going. All the pressures from so many angles are noted that support that everyone is ready for them to complete reforms and open up to the world by twining Baghdad and Kurdistan regions into one cohesive body working for all the common good. That time frame they give is immediately after Eid Al Adha... That time frame is upon us so very shortly. Eid is over this week our time... So, I am not in any hurry to poo poo this meeting. The timing of it is in my humble opinion to be right on schedule... A big window this weekend..! imo.
-
8-2-2019 Newshound Guru G-Lin Well it is clear that a general census will need to be conducted and a permanent constitution must be ratified. I have always felt that the census needed to be in place in order for Art. 140 and the HCL to be activated...We have all been told by our dinarland colleagues over the last 10 or 15 years of this investment that there will be no increase in value of the dinar until Art. 140 and HCL are in place. I'm really not so sure of that opinion. It seems that they would need a strong and stable economic system to be able to apply needed monetary structures involved with Art. 140 and HCL. I don't know...(post 1 of 2)... 8-2-2019 Newshound Guru G-Lin What I do know is the IMF pounced pretty hard on Iraq in this latest consultation. The corruption must be dealt with and the unrest with the Iran situation is worrisome to say the least. IMF has a hard time auditing the banks when they do not receive data. Auctions are huge again the last few days. Corruption galore. Most of that is from Iran. It will continue as long as they are financially crippled. They will manage to get their $'s. ...I think the majority have returned. Ali Abdul Amir Allawi was mentioned as new CBI director but nothing official yet...(post 2 of 2)...
-
7-29-2019 Newshound Guru Kaperoni Article VIII is absolutely necessary to invite investors and capital to Iraq. They will not get much help rebuilding the private sector if they do not do this. Investors want to be able to get their profits out of Iraq and Article VIII is an important step to achieve this.
-
7-23-2019 Newshound Guru Kaperoni ...This IMF [International Monetary Fund] Article IV Consultation that took place just a couple of months ago is being created now and printed. My understanding is it said July in the press release. This is a significant item for us to review because of what is it going to say..! Is it going to encourage them to move to Article VIII and open up for business? Or is it going to say something we don't want to read? We won't know until we read it. You wouldn't have all these activities happening in Iraq if the financial system needed the brakes to be put on...We said a year and a half ago they are never going to go into Article VIII until they are in 2% compliance...nothing ever happened because they weren't in compliance...[They are now in compliance]...!
-
7-8-2019 Newshound Guru MilitiaMan Article: "Rafidain Bank launches its approach to change and renewal at the station" Quotes: "...to start the banking business in accordance with the applications of the new electronic banking system..."; "...Iraq is about to move to a new stage in overcoming the stage of the financial crisis and economic to a new stage..." So they have prepared the tellers with new technology and methodology. They prepared them for the start of a new electronic banking system. I'll bet one that is prepared for the new currency we await. The new system has ATMs. They are expecting from the looks of it plenty of cash deposits. They'll be ready for them to help with the new ATMs functionality. They are wanting them to realize they are at the forefront now and for good reason. Ushering in change and literally will be making change...imo!
-
7-1-2019 Newshound/Intel Guru Mnt Goat Article: "PARLIAMENTARY MOVE TO RAISE THE PRICE OF THE DINAR AND MAINTAIN THE STABILITY OF INFLATION" Quote: “THE CHANGE WILL RAISE THE EXCHANGE RATE OF THE IRAQI DINAR AGAINST FOREIGN CURRENCIES while maintaining the stability of inflation in the country” this means to put the dinar on a float. To do this means reinstating the dinar on FOREX. Quote: “The Commission is DETERMINED TO MAKE THESE CHANGES DURING THE NEXT PHASE and NOT TO FOLLOW THE TRADITIONAL METHODS ARE NOT APPROPRIATE AT THE MOMENT.” “TRADITIONAL” means the current currency auctions will go away as they use today. *****
-
6-19-2019 Intel Guru Delta URGENT FROM IRAQI TV: "ANTI CORRUPTION HOSTS CBI GOV AND TAKES ACTION ON THE CURRENCY AUCTION..." IT'S ALL OVER THE NEWS ...THEY GOT SLAP BY SISTANI... SHOW US THE RATE...NOW...! Let's hope something positive comes from this...! RON
-
5-28-2019 Newshound/Intel Guru Mnt Goat Article: "EUROPEAN CURRENCY DECLINES IN FRONT OF IRAQI DINAR" So...as the Iraqi economy grows and the 1190 rate persists it is causing problems of disparity amongst the other currencies and trade must be hard with having to convert all the time using these larger three zero notes and very large list of digits Note: Comparison charts are below for IQD Exchange Rates from Sunday and Tuesday .... Interesting..! RON Exchange Rates - Sunday - 5/26/2019 US dollar USD 1190.000 Euro EUR 1325.541 Pound sterling GBP 1504.874 Canadian dollar CAD 882.920 Swiss franc S.FR 1179.853 Swedish krona SEK 123.435 Norwegian krone NOK 135.893 Danish krone DKK 177.487 Japanese yen JPY 10.797 Chinese Yuan CNY 172.090 Australian dollar AUD 818.244 Special drawing rights SDR 1638.106 Gold for 24-ounce Gold 1517274.300 Exchange Rates - Tuesday - 5/28/2019 US dollar USD 1190.000 Euro EUR 1332.324 Pound sterling GBP 1508.563 Canadian dollar CAD 885.351 Swiss franc S.FR 1185.613 Swedish krona SEK 124.227 Norwegian krone NOK 136.719 Danish krone DKK 178.363 Japanese yen JPY 10.868 Chinese Yuan CNY 172.531 Australian dollar AUD 823.123 Special drawing rights SDR 1641.986 Gold for 24-ounce Gold 1515915.000
-
5-9-2019 Intel Guru DELTA Article: "The Minister of Oil: Very soon we sign the project of southern Iraq integrated" Quote: "Oil Minister Thamer Ghadhban said on Wednesday he expected his ministry to sign a preliminary agreement with ExxonMobil and PetroChina of China "very soon," but gave no exact date." YES IT'S A DONE DEAL...CONTRACT FOR 30 YEARS WORTH 35 BILLION DOLLARS..!
-
5-2-2019 Intel Guru Frank26 [via Iobey777] THERE'S A LOT GOING ON WITH THE MR [MONETARY REFORM] IN IRAQ AND THE FAB 4 IS GIVING OUT SPARKS... THEY ARE ENLIGHTENING US WITH UNDERSTANDING ...THE IMF COMES OUT...STOP THE AUCTIONS! THEY REALLY WANT THEM TO SAY THEY ARE ART 8, BUT IRAQ IS THE ONLY ONE THAT CAN DO THAT...THEY CAN'T TELL THEM LIFT THE 3 ZEROS...THEY CAN'T STOP THE AUCTIONS! INFLATION WOULD GO HIGHER! WHAT THEY ARE SAYING IS LIFT THE 3 ZEROS OR CHANGE THE AUCTIONS! ...THE FAB 4 IS TALKING TO THEM YOU DON'T STOP AUCTIONS...THEY TRANSCEND BY LIFTING THE VALUE OF THE IQD!...I DON'T BELIEVE THERE ARE ANY DELAYS! I BELIEVE IT IS GETTING DONE! IMO. 5-2-2019 Newshound Guru larrykn [Most of Iraq's revenue is petrodollars] ...they have been paying in petro dollars all this time, they will continue to do that until they change their currency, I don't see that happening for a while. They have a lot to get done before they can do that IMO. I'm getting more convinced that we won't see these this year. but you never know.
-
4-24-2019 Intel Guru Delta URGENT FROM IRAQI TV: US AGENCY...BAGHDAD NEGOTIATE TEHRAN TO BUY NATURAL GAS IN IRAQI DINARS... WOW...in IQD...that's great news..!
-
4-19-2019 Newshound/Intel Guru BGG Article: "Central Bank Basra branch introduces a window to provide small cash categories" Quote: "The head of the Central Bank of Iraq Branch of Basra...said that in view of the small groups of the Iraqi currency traded in the markets, the Iraqi Central Bank branch in Basra sought to provide these quantities for the purpose of facilitating the deal between a single trader And the citizen. He stressed that the provision of cash from all groups will facilitate the sale and purchase between citizens and owners of shops." The ONLY news that matters today..!!
-
4-3-2019 Newshound Guru MilitiaMan Article: "World Bank: Iraqi economy will grow in 2019" Quote: "...the Iraqi economy will witness a remarkable recovery in the coming period, likely to rise economic growth after the formation of the government of Prime Minister Adel Abdul Mahdi." If this is not an ESCORT, I don't know what is.. lol ...The World Bank is telling the world that Iraq is going to have a remarkable recovery.. Lol This is the WORLD BANK one of the FAB 4... This article screams that what we are waiting on is as real as it gets, imo..!!
-
4-1-2019 Newshound/Intel Guru Mnt Goat A scientific symposium (seminar) was held entitled “delete zeros from the Iraqi dinar” This seminar was divided into three sessions: The first session: the concept of deleting zeros from the dinar. The second session: the expected results of the deletion of three zeroes from the Iraqi dinar. The third session: The experiences of some countries in the process of deleting zeros. Wow! Wow! Wow! Does this not tell you something? They just held this three-prong seminar on the project to delete the zeros. WOW..! .........
-
3-29-2019 Newshound Guru Kaperoni There will never be a RV or RI...it's not how monetary policy works. In order see the dinar's value rise we need to see the CBI open the banking system, and see investment laws passed to bring investors to Iraq. Only then can pressure come (in the form of investment) that will force the CBI to float the currency. All of this could take several more months because Iraq does nothing fast. Kaperoni continues his crusade to repeat the above....because of others posting totally the opposite position. Guys like the three big "rumormongers" Bruce, MarkZ, & RarRen98; as well as positions held by Frank26, Walkingstick, and Delta. It's interesting we haven't heard from many of the more well known newshounds and intel posters. Have a great weekend everyone...Blessings... RON
-
3-7-2019 Newshound Guru Kaperoni If you believe monetary policy is based on sound logic and principals then you know the dinar can never arbitrarily revalue. It is my belief the CBI plans to gradually raise the value of the dinar as a tool to counter inflationary pressure created when significant investment comes to Iraq. Iraq will never redemoninate or LOP the currency. Monetary policy in Iraq the past 14 years has been a success not a failure. The next phase will also be a success which is to float the currency. But first Iraq must complete the GOI and pass needed investment laws. Completion of the GOI and the laws will encourage participation in Iraq's economy thus giving the CBI a reason to begin to float the dinar. And we have in extreme contrast from last night one who I do not believe knows anything in the detail he states ( rumor 😞 3-6-2019 Intel Guru MarkZ ...I am very confident that we are close…I am still expecting 800 #s this week. Based on what I am hearing we are very close...IMO it is imminent and it is moving… I am hearing some resetinformation was leaked to a very prominent Italian news source…this is a mainstream publication and on the mainstream news so imo there is no way to put the cat back into the bag now...that its leaking at this level is huge news… Look for a lot to move quickly ...I have heard that the reset will be on the down-low (kept quiet) for about 10 days to 2 weeks…then the news will come out… I do have a contact over there that has seen the LD’s… has held them ...and there has been articles in Iraqi news about the LD’s and how they will be using them...so much news over there on that. [do you think we are waiting for the Iraqi government to be fully seated?] No...As soon as this happens the Iraqi government will be very stable. ...I am like you all and am so ready to get off this roller coaster ride…
-
3-9-2019 Newshound/Intel Guru Mnt Goat The news today is all about the upcoming expectations to vote on the remaining last four ministers. We have to remember that a long-standing condition to reinstate the currency of Iraq is to have a “fully” formed government. This does not negate the other work on reforms too but I feel this is the last remaining item to conclude satisfaction to move ahead again with the project to delete the zeros. I have had word that the smaller category notes are already at the banks. ...so as the banks bring in the larger 3 zero notes they exchange them for the smaller notes. Since this is done way before any rate change, there are lots of smaller category notes obtained as needed to fulfill the needs of the marketplace afterwards...(post 1 of 2).... 3-9-2019 Newshound/Intel Guru Mnt Goat There was a recent news article stating that 80% of all Iraqis still do not have electronic banking and bank accounts. ...this simply is NOT the case. If this was the case the CBI could not have already satisfied its goal of reducing the on street three zero note supply by more than 2/3 down to just over 41 trillion dinars. How many times have they told us the original count of dinars printed and issued in 2003 and now in 2019? So we confirmed many times that this statement of 80% is a lie and impractical. My recommendation to everyone is to relax and wait for the reinstatement in the coming period. No one will know the exact time or date but we do know many things effecting these two parameters and so we can almost figure it out. We are now in the window and I do not see the window closing...(post 2 of 2)...
-
3-8-2019 Newshound/Intel Guru Mnt Goat [GOI has nothing to do with raising the rate...it is a total CBI decision.] Oh yes they do...I presented about 6 articles already from the Iraqi news media from members of the parliament, cabinet and economists in Iraq. All say it is a joint decision to go ahead with the project to delete the zeros. It just happens right now they are moving ahead rapidly on it. ...Dr Sianni Shabibi...said and I quote- "there must be a joint effort to make the decision and the CBI and GOI must work together" - but out of curtesy and not by legal commitment. This means the GOI may influence the decisions and has to pass laws to help the CBI with monetary policy. But the CBI make the final call, The CBI does not run the govt the GOI does. The CBI needs these banking reforms, anti-money laundering and anti-terrorist laws, etc...So in this regard Shabibi knew darn well they must work together...(post 1 of 2)... 3-8-2019 Newshound/Intel Guru Mnt Goat They are not raising the rate (NO REVALUATION). ...They are going to reinstate the dinar and must fist complete the project to delete the zeros. A result of this process will be an increased new rate on the currency exchanges. Once reinstated the market will drive the rate up on the float. So our concentration is not so much on a rate increase but on a reinstatement process, the rate on FOREX will be the end result...(post 2 of 2)... Happy International Women's Day to all our DV Ladies...Enjoy your day..! RON
