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Showing results for tags 'opinion'.
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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
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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
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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..!
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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.
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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..!
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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..!!
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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..!!
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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..! .........
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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
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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…
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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)...
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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
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3-3-2019 Newshound Guru larrykn Article: "Iraqis divided over continued presence of American forces" ...its Iran that wants the US out, but its up to Iraq to decide if they want us to go or not, I don't think they will but you never know...the part that wants the US to leave is backed by Iran, Maliki group, Ameri group...the Kurds have said they want the US to stay. ...stability will go right out the door and everything Iraq has been working on will go with it...If they kick out the US out of Iraq we can put our dinar away for a long time,Stability in the country will go right down the tubes and all the investor will leave, this is why I don't think this will happen but I guess we will see when Parliament comes back...its up to Iraq government to choose not the US. I believe the Month of March will tell us where Iraq is heading, we will all know soon enough. 3-3-2019 Intel Guru MarkZ There was a whole lot that happened yesterday, last night…and overnight...wow...so many positive things. ...I am going to call today “waiting on fruition day”. ...I cannot tell you the news coming out of the banking system but its beyond fantastic...it would be irresponsible on my part to tell right now. ...Many banks have spent a fortune getting key people in key places… based on what I can and cannot share I am feeling really good today. ...again...lots happened last night and more to come by Tuesday I am being told… I have a really hard time posting anything by this guy ( as well as a couple of others ) because it's purely fabricated nonsense. I believe his sources are other gurus or a strange voice speaking into his head, or even his own distorted ideas to become considered a "voice" in the dinar community. RON Have a good night and a great week ahead.....RON
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2-7-2019 Newshound/Intel Guru Mnt Goat EXCHANGE PROCESS... Remember how the banks operate. They need to make a profit. ...Q? 1: So what...are they going to do with billions and billions of Iraqi dinar in their foreign currency portfolios of reserve currencies? They will need to sell the currency to someone with a spread to make any money off it. ...Also, Q? 2: where are they going to get all the funding to make these exchanges? ...at this time the banks will already have a customer for the dinar. The US Treasury has already made arrangements with the major/main bank branches to buy all their dinar, if they chose to trade it. So the banks do have a customer and this is why they will be taking the dinar so easily. If it weren’t for this fact there is no way that billions of dinars could be traded and taken into the banks throughout the US by average walk-in citizens. (PART 1 OF 2) 2-7-2019 Newshound/Intel Guru Mnt Goat The answer to this first question is also the answer to the second in that it is the US Treasury that will come around the banks in armored cars, as they do on normal runs, as pick up these physical IQD notes as they come into the banks. Once re-verified by the treasury department, they will be credited back to the banks. The banks will get a set allowance of $$$, probably daily, of funds from the treasury to use for this purpose of collecting these dinars or rather to help facilitate the trade deals. It is normal for the Central bank of the US to allocate funds to the banks for these purposes. Arrangements have been completed for this purpose... ...the government must come out with some mechanism to address informing us investors of where to appropriately go to conduct our exchanges of this currency... (PART 2 OF 2) .......???
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1-1-2019 Newshound Guru MilitiaMan ...I have the opinion that "The longer it takes the more money we make." With that said, my assessment ...on what Alak from the CBI has told us in regard to loans...both the bad and good. He pointed out in the interview that the bad loans were worth $5,000,000,00. (?? $5 Million ??) So...if you take what Alak says, then drop the zeros and do the math. It comes out in the range well over the AAD. Which by the way, to determine the AAD we used the loans they publish, to ascertain the $4.25. Just as we used the IMF / SDR 3x.. Depending on which rate one uses the daily or monthly rate per the IMF SDR, one may find $4.20 + - up to $5.85... imo... (post 1 of 2).... 1-1-2019 Newshound Guru MilitiaMan So, I don't know if they can't come out higher than the AAD or SDR - for a fact, I do trust [Guru] Walkingstick, however, I do believe Alak is the one that has the purse strings at that CBI...So, we watch and wait. It very well may be an AAD rate and then climb later on.. Then again, Iraq has told us they doubled their oil reserves and are finally going to impose taxes and tariffs, claw back assets, liquid natural gas sales, minerals, etc.., therefore all would appear to support higher values now than in the past. imo... (post 2 of 2)... More speculation that stirs up rumors that never go anywhere...!
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12-9-2018 Newshound Guru MilitiaMan Article: "The 2018 Annual Conference of the Central Bank of Iraq .... The harvest of achievements and the start of the development process for the year 2019" Quotes: "The conference comes at this time, The ministerial cab of the new government and the start of the process of economic reform and economic stability..."; "...the Central Bank re-evaluated and classified banks in accordance with international standards...as well as establishing the deposit guarantee company in order to raise the savings rate at banks and reduce the percentage of housekeeping in the economy and thus activate the economy through activating investment..." A dandy of an article.. ...And it looks as though they'll legitimize the Cab, as in pronto per Sadr! - imo I wonder if they mean where they say delivering their achievements means they have delivered their new currency too...??? Inter-bank style between Central Banks..?? Still Waitin' & Hopin' ... RON
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Dealing with Kurdistan’s Economic Woes - By Ahmed Oathman Domestic politics, strained relations with the Iraqi government, war against the Islamic State (ISIS), a growing budget deficit and low oil prices seem to have stalled Kurdistan Region’s economy and growth. Most notably, the current decline in global oil prices and tensions with Baghdad over Kurdistan’s share of the federal budget have had a dramatic impact on the Kurdistan Regional Government (KRG), which relies heavily on oil revenues. The recent turmoil in the Middle East suggests that low oil prices are here to stay. The nuclear agreement with Western powers marks Iran’s active re-entry into the energy market. If the US Congress approves the deal, Iran is going to increase its oil production, causing a fierce competition with oil-rich Arab states for market share and further depressing oil prices. The Kurdistan Region has to then recognize that oil resources alone cannot guarantee economic growth and its current budget can no longer provide for the salaries and expenditures of the ever growing public sector. It must recognize that its oil-centric approach only succeeds if it is accompanied by robust and concrete steps to diversify its economy. Economic diversification is a complex and demanding task, especially in a rentier state like Iraq. It requires reforms in policies, business structures and education system. Leaders must be prepared to make difficult decisions that might face some resistance. The first step the government has to take is downsizing its public sector, by shifting a large number of public employees and job seekers to the private sector. This will be challenging since the majority of the working population prefer public employment where working hours are shorter, job security is in place and retirement benefits are steady. Building a modern and diversified economy requires an active participation of the private sector. The government alone cannot make the transition; a strong contribution from business leaders is a must. Moreover, the public needs to support the initiative from the beginning, because it’s the only way to build and sustain a thriving economy for the next generation. The government has to take a leading role in guiding the public towards accepting and supporting private sector expansion. However, leaders of public and private sectors have to establish a partnership to draft a strategy to help create a positive attitude towards private sector employment. To that end, they must announce and implement incentives, such as increasing wages for private sector employees and improving employment benefits and working conditions. Providing incentives for businesses that hire recent college graduates is also important, such as offering tax breaks to companies that employ a certain number of college graduates. The current fiscal and economic crisis facing Kurdistan Region should be a wake-up call. Kurdistan’s dependency on oil as the principal revenue earner is a risk that causes the slow death of the region’s livelihood, especially at a time when its fiscal deficits start to increase and further decrease with oil prices. To prevent further economic downturn, Kurdish political and business leaders need to cooperate on introducing and implementing major economic reforms, such as building a diversified economy, downsizing public employment and encouraging private sector growth along with fighting corruption and cronyism. http://rudaw.net/english/opinion/03092015
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This is said every time that a position which is opposing to what is seen as being "normal" is offered as an alternative. The automobile was seen as being abhorrent to the "technological wonder"...the horse and buggy! something of thus type takes a new way of thinking and for those who are looking for the "get rich, quick" scheme, this is not the way to have gone. I do have some land on the beach in "Death Valley, Ca." which I can offer up for sale, at a good price. I have had my issues with this RV, and they were never attached to my expectations of riches beyond my imagination, not being fulfilled. I have found that more than a few people have tainted the waters with their pre-assumptions of what a "good" investment is about. I was taught that it involves speculation and risk, with the hope for reward; but I never heard anything about a guarantee. Here is the scam: buying in, and expecting that the next day, you can tell your boss to "Go jump in the lake!" or any other of a number of desirous incarnations of your "newly wealthy" self. This is real, the speculations and the rumors may get outrageous at times, but we have arrived In a vehicle which should take all of us, into a new place of residence: satisfied investors Lane. Well...that's one take on this.
