Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content

Recommended Posts

We have on this web site a plethora of information from years of research. I would like to start a discussion about possible time frames for an RV, RI, or float. Where ever you stand about what may happen, let's here it. Please only bring your opinion if it can be backed up by any evidence. Most of us have read most of what has been written about the dinar. Please don't bring up rates, just a probable time frame for what most of us wait for. 

Me first and why. I believe that from all the information I have read, within the 1st quarter of this year the dinar will go international. Honestly I thought it would have happened by now. My number 1 reason for my belief is that the corruption associated with the currency auction is widely publicized and must end. Al Abadi runs for re election against corruption, its has to end. IMO, al abadi should be nominated for the Nobel peace prize. Is he without sin....no, he is undoubtedly the best anyone could hope for.

Please share your opinion on time frame and why. Thanks for sharing.

  • Upvote 6

Share this post


Link to post
Share on other sites

I wish I could give you a time frame. I am hoping the results of the Kuwait and Germany conferences followed by World Bank and  businesses banking outside Iraq will force Iraq to  ove forward at a faster pace, like this year.

  • Upvote 3

Share this post


Link to post
Share on other sites

 I think it will happen SOON. My reason for that is about 10,000 articles dating back more than 12 years  that say it is going to happen SOON. So it must be true right? So I have to go with SOON. 🤓 

  • Haha 11
  • Upvote 2

Share this post


Link to post
Share on other sites

 

On 2/20/2018 at 8:21 PM, FROSTYJACK said:

 I think it will happen SOON. My reason for that is about 10,000 articles dating back more than 12 years  that say it is going to happen SOON. So it must be true right? So I have to go with SOON. 🤓 

 

My wife asks "when are you going to be finished with rebuilding that car?" (I'm rebuilding a 1969 Mustang) and I always say, "pretty soon" or "soon" so based on that I would say "Soon" is approximately 10-15 years in length. 

  • Haha 2
  • Upvote 1

Share this post


Link to post
Share on other sites

Just a view of the world right now and seeing commodities starting to strengthen again. I see that opec has been giving effort to stabilize oil prices witch I 

believe is a huge boost for Iraq. I truly believe this year is a make or break for them because the world and the United States cannot keep going in there 

to help them any longer. Its time for this country to grow up and be a player with the rest of the world.   just my opinion

 

  • Thanks 1
  • Upvote 3

Share this post


Link to post
Share on other sites

Woldopep.

 

I don't follow the IQD as closely as many here........I have been kind of surprised by the lack of follow-ups to your initial question.

 

I do have a number of people that send me stuff from time to time.......from people they say are "Gurus"......I don't really like that label......

 

I am more of a currency reset guy........the world is a mess.......and unless something is done soon the whole house of cards will come tumbling down....

 

With that said........here is a thought that was sent to me......I don't know if it was an original, or a copy and paste.......nor do I really care....

 

It seems to make as much sense as any of it that's out there........ actually more sense than many........CL

 

For what it's worth.....????

 

++++++++++++++++++++++++++++++++++++++++++++++

 

The reason Iraq was so aggressive trying capture Mosul is because the security forces were backsliding.
 
Iraq is trying to over see some fair elections by having International and local observers participate in choosing the next Prime Minister in May.
 
There are some undesirables in the government that need to be removed, but that will depend on the upcoming election.
 
Iraq has a good relationship with the Trump Administration.
 
There are bids coming in from Turkey, Iran, France and other companies to rebuild Iraq. Fortune 500 companies are wanting to invest in Iraq.
60% of the population in Iraq is 25 years old and younger.
 
Many of the security forces have been politicized by the former prime minister Maliki.
 
The future of Iraq depends on the outcome of the upcoming elections.
 
The rate for the currency is in the new budget.
 
That budget has to be opened by the end of the first quarter.
 
There are large companies and Fortune 500 companies wanting to invest in Iraq and it seems to me they will have to have a viable currency.
 
By the end of March we should know the new rate for the currency, however it seems clear that nothing much as going to change until after the election in May.
  • Thanks 1
  • Upvote 8

Share this post


Link to post
Share on other sites

this being the 2-nd month of the new year ,  following  from   ---- 

  • yota691

    Iraq emerges from Chapter VII of the United Nations   12/09/2017 <-----   we for more than at least  3 years have been  watching and reading of the " for told " move from chapter 7 too chapter 8 ,  and this was from the  pervious  news releases of  the beliefs  that "  regional calm and peace " will be on the horizon of  stability and economic growth , and seems from last weeks posts  that  Iraq is setting up events  for business interest in the country for better economic future of Iraq .....   Iraq’s classification at B- / B was confirmed with a stable outlook.....    Iraq is moving towards a market economy.....  now as a time line ,  the abidi group sets every one up for what ?  they boast --  economic and personal wellness for all Iraqi citizens , not to forget what  central banker  has been posting for the news outlets ,  banking reform , new reforms   new training for banking employees  ,  is he just pumping up the average Iraqi person from hype just to get them inside the banks ?  this part has been going on for over 5 years that I can remember !  The Association of Iraqi Private Banks holds a course in financial accounting........ now this one seems to say  they are finally through with training ....and now with the 2nd month of the 2018 year we see this one  and hopes it is true ------  Economist: Iraq incurred 40 billion of the contracts of the Association of Banks and the Central Bank .. And the relationship "hidden" the final account  ....  but from just  glancing over the topics  if something isn`t hopped around may , the election timeframe ,  it is going to have ill effects on Iraq as a whole ,  this is just my thinking only ,  but time will tell ,  and I myself am kind of tired of  waiting on time too exchange dinar ....  and I can bet  so is  the average Iraqi citizen ,  they keep getting the double talk and  parliament keeps putting off the business at hand ! 

  • Upvote 6

Share this post


Link to post
Share on other sites

as for further thoughts  I wonder if the  " gathering  "  of protesters  demonstrating about the  ---- passing H-C-L  ---- get it done  ...  I wonder if the elections might really speed this topic up  ? or will it be another  --- parliament cancels another meeting again ...  or will h-c-l  even have an effect on what the  value of a dinar is ?   who else  that deals with oil  , (  country wise )  has a currency  better than Iraqi`s  that does not  share its  oil profits ?   but besides  h-c-l  ,  going international  ,  will this have an effect ?   getting dinar values up ?    ( going international will mean that only , that dinar can be used at other banking institutions world wide ,  really does not mean  higher values )  so it seems that if abidi thinks he needs a push in the elections to be a win ,   GET WITH THE CENTRAL BANKER ,AND PUSH THE DINAR VSLUES UP  give the average Iraqi  buying power again !   { just me wandering around the play ground of thoughts again }

  • Thanks 1
  • Upvote 3

Share this post


Link to post
Share on other sites

Woldopep,  If the GOI & KRG can settle the final agreement with the KRG 14 Percent Share of the "2018 Budget" we should have a direct path to "140, HCL " and IMHO RV / RI of the IQD.  Based on numerous articles the Airports, Border Crossing, Customs, Oil, etc in the KRG Region will be either under or joint control of Federal Gov't which IMO is a positive step going forward.    Also,  All other issues should be resolved as well paying direct salaries to KRG Gov"t employees once full audit is completed by the GOI.   Afterwards,  I do believe we will see RV / RI of the IQD either before or immediately after elections IMHO.   If PM Abadi truly intend to be re-elected then I suggest RV / RI The IQD before May elections.   Just my 2 cents....😊😊

  • Thanks 1
  • Upvote 5

Share this post


Link to post
Share on other sites
On 2/24/2018 at 10:12 AM, tigergorzow said:

Woldopep,  If the GOI & KRG can settle the final agreement with the KRG 14 Percent Share of the "2018 Budget" we should have a direct path to "140, HCL " and IMHO RV / RI of the IQD.  Based on numerous articles the Airports, Border Crossing, Customs, Oil, etc in the KRG Region will be either under or joint control of Federal Gov't which IMO is a positive step going forward.    Also,  All other issues should be resolved as well paying direct salaries to KRG Gov"t employees once full audit is completed by the GOI.   Afterwards,  I do believe we will see RV / RI of the IQD either before or immediately after elections IMHO.   If PM Abadi truly intend to be re-elected then I suggest RV / RI The IQD before May elections.   Just my 2 cents....😊😊

 

you and I only hope, I see the Budget, but Article 140 and HCL are months away, then we have elections and another stupid conference

 

be awhile my friend, and you know I adore you :pirateship:

Share this post


Link to post
Share on other sites
21 hours ago, newbieDA said:

 

you and I only hope, I see the Budget, but Article 140 and HCL are months away, then we have elections and another stupid conference

 

be awhile my friend, and you know I adore you :pirateship:

I think 2020 the next war is the war on corruption and that's more dangerous than the war on ISIS

Share this post


Link to post
Share on other sites

The way things seem to be shaping up lately, seems like Al Abadi will not lift the airport embargo and border issue till after the may elections. I’m not informed enough to know the reasoning behind his position other than possibly breaking the hierarchy of the Kurdistan regions and giving a new opportunity to the people of Kurdistan. The 64,000 dollar question is.... will the push to reconstruct Iraq and replace currency auction supersede not passing the budget till after the elections. I can’t imagine passing the HCL and or Article 140 without passing the budget.

i believe we all feel like we are very, very close. Very possibly before the end of the 1st quarter and if that were the case they would not wait till the last day to pull the trigger.

  • Thanks 1
  • Upvote 1

Share this post


Link to post
Share on other sites
On 2/23/2018 at 3:57 PM, coorslite21 said:

Woldopep.

 

I don't follow the IQD as closely as many here........I have been kind of surprised by the lack of follow-ups to your initial question.

 

I do have a number of people that send me stuff from time to time.......from people they say are "Gurus"......I don't really like that label......

 

I am more of a currency reset guy........the world is a mess.......and unless something is done soon the whole house of cards will come tumbling down....

 

With that said........here is a thought that was sent to me......I don't know if it was an original, or a copy and paste.......nor do I really care....

 

It seems to make as much sense as any of it that's out there........ actually more sense than many........CL

 

For what it's worth.....????

 

++++++++++++++++++++++++++++++++++++++++++++++

 

The reason Iraq was so aggressive trying capture Mosul is because the security forces were backsliding.
 
Iraq is trying to over see some fair elections by having International and local observers participate in choosing the next Prime Minister in May.
 
There are some undesirables in the government that need to be removed, but that will depend on the upcoming election.
 
Iraq has a good relationship with the Trump Administration.
 
There are bids coming in from Turkey, Iran, France and other companies to rebuild Iraq. Fortune 500 companies are wanting to invest in Iraq.
60% of the population in Iraq is 25 years old and younger.
 
Many of the security forces have been politicized by the former prime minister Maliki.
 
The future of Iraq depends on the outcome of the upcoming elections.
 
The rate for the currency is in the new budget.
 
That budget has to be opened by the end of the first quarter.
 
There are large companies and Fortune 500 companies wanting to invest in Iraq and it seems to me they will have to have a viable currency.
 
By the end of March we should know the new rate for the currency, however it seems clear that nothing much as going to change until after the election in May.

I like this explanation CL thanks for passing it along.... I tend to agree that it’s put up or shut up for Abadi before the elections! 

  • Upvote 2

Share this post


Link to post
Share on other sites

Thanks Woldopep....There are too many veratables to sidetrack the budget, HCL, Article 140 and any other thing that the corrupt can use to dismantle the progress of re-establishing Iraq's economy...Until Iraq deals with the elephant in the room and indicts Maliki and his goons there will always be a destructive force behind the development of the private sector's...The corrupt can see their 'money-cow being threatened by an 'open-economy' and will throw anything into the wheels of progress to get it to stop...The end of Q1 will tell us our next clue imho....:rocking-chair:

  • Thanks 1
  • Upvote 4

Share this post


Link to post
Share on other sites
2 hours ago, Botzwana said:

So was the HCL passed this week or no?  

Botz, the HCL has been broken into three parts. The first is the establishment of the National Oil Company. Think of this as more of a restructuring of a company that seeks to consolidate its assets in order to centralize the company. The establishment of the INCOC was what was passed this past week. The answer, to the question was the HCL passed this week, is yes and no because only one-third of the HCL was passed. There is still more to the HCL than the establishment of the INCOC which is the consolidation of oil and gas fields in all provinces of Iraq under the national oil company. Look at the the previous drafts of the Iraqi Oil and Gas Draft to get a clearer picture of what still needs to be accomplished for a complete HCL passage.

 

I have maintained that there is an implementation phase that needs to be successful before an RV/RI. Once this hits the Gazette, then th INCOC has 6 months to start producing. 

Edited by Theseus
  • Thanks 2
  • Upvote 2

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.



  • Similar Content

    • By Adam Montana
      Published: May 19, 2017 6:12 a.m. ET

      AFP/Getty Images Saudi Arabia's minister of energy Khalid A Al-Falih in Vienna, on June 2, 2016. By
      SARASJOLIN
      MARKETS REPORTER   BIMANMUKHERJI
        Oil futures moved sharply higher on Friday, as investors showed some optimism about what will come out of next week’s meeting of the Organization of the Petroleum Exporting Countries.
      Up for final discussion by the cartel is whether to extend the current six-month production-cut deal beyond the mid-2017 expiration, and if so, for how long and whether the reductions should be increased.
      It is widely expected an extension will occur, and energy officials from Saudi Arabia and Russia this week signaled they back a nine-month extension. That helped give oil a start-of-week gain that’s been built on since, putting crude on pace to modestly top the 3.5% jump logged last week.
      After settling Thursday at three-week highs, light, sweet crude futures for delivery in June CLM7, +1.64%  jumped 59 cents, or 1.2%, to $49.93 a barrel. The contract briefly topped $50 a barrel for the first time since April, according to FactSet data.
      July Brent crude LCON7, +1.77%  on London’s ICE Futures exchange also gained 59 cents, or 1.2%, to $53.10 a barrel.
      Li Li, energy research director at ICIS China, attributed Friday’s advance to pre-meeting optimism, but said she doesn’t “expect prices to jump hugely from the current trading range.”
        The presidential election in Iran was also grabbing oil trader’s attention on Friday. Commerzbank analysts said the result could have “major consequences for the oil market” if conservative cleric Ebrahim Raisi wins the vote. Raisi and reform-oriented incumbent Hassan Rouhani are leading the polls.
      Read: Iranians head to the polls in high-stakes presidential election
      Raisi has expressed criticism of the nuclear agreed in 2015 that paved the way for the U.S.-led sanctions to be lifted and allow Iran to sell oil on the international energy markets.
      If Raisi wins “the agreement in its current form would risk being overturned. New sanctions would then very likely be imposed by the US and the West, which could reduce the oil supply from Iran even in the short term,” the Commerzbank analysts said.
      “An election victory for Raisi would therefore drive oil prices up noticeably,” they added.
      Read: The overlooked upside for oil in Iran’s election
      Later on Friday, oil prices would also be steered by the latest weekly U.S. rig-count data from Baker Hughes. That report has shown 17-straight weeks of growth in active oil-drilling rigs.
      But government figures on Wednesday showed the first week-to-week drop in domestic oil production since February, a development which also helped lift crude prices this week and get light, sweet crude back toward $50.
      To some, the past two weeks’ price rebound was to be expected after April’s slide. That drop “was a case of sentiment over substance,” said BMI Research. It sees more price gains to come the next several months, but they “are more likely to be incremental rather than exponential.”
      As for oil products, Nymex June gasoline futures RBM7, +1.72%  rose 1% to $1.62 a gallon, while ICE gasoil gained 1% to $469.75 per metric ton.
      Natural gas futures NGM17, +2.36%  advanced 0.8% to $3.21 per million British thermal units.
       
    • By ladyGrace'sDaddy
      Iran sanctions could soon push oil prices above $90 a barrel, Bank of America Merrill Lynch says
      “We are in a very attractive oil price environment and our house view is that oil will hit $90 by the end of the second quarter of next year,” Hootan Yazhari, head of frontier markets equity research at Bank of America Merrill Lynch, said. On Tuesday, the U.S. demanded that all countries halt imports of Iranian crude from early November. The Trump administration’s hardline position comes as part of a broader push to try to further isolate Tehran both politically and economically. International benchmark Brent crude traded at around $78.18 on Thursday, up around 0.7 percent while U.S. West Texas Intermediate (WTI) stood unchanged at $72.72. Sam Meredith | @smeredith19  

      President Donald Trump’s sustained bid to disrupt Iran’s petroleum exports could soon help to push oil prices above $90 a barrel, analysts told CNBC on Thursday.
      Crude futures were seen hovering close to multi-year highs during early afternoon deals, after a bigger-than-expected drop in U.S. stockpilesadded to a rally fueled by a major Canadian supply outage, concerns about Libya’s exports and efforts by the Trump administration to cut off funds from Iran.
      “We are in a very attractive oil price environment and our house view is that oil will hit $90 by the end of the second quarter of next year,” Hootan Yazhari, head of frontier markets equity research at Bank of America Merrill Lynch, said.
        “We are moving into an environment where supply disruptions are visible all over the world… and of course President Trump has been pretty active in trying to isolate Iran and getting U.S. allies not to purchase oil from Iran,” he added.
      International benchmark Brent crude traded at around $78.18 on Thursday, up around 0.7 percent while U.S. West Texas Intermediate (WTI) stood unchanged at $72.72.
      Saudi Arabia is ‘genuinely worried’
      On Tuesday, the U.S. demanded that all countries halt imports of Iranian crude from early November. The Trump administration’s hardline position comes as part of a broader push to try to further isolate Tehran both politically and economically.
      Nonetheless, most major importers of Iranian crude have balked at Washington’s almost unilateral policy towards Iran.
       
          The move followed OPEC’s decision to ramp up crude production last week. The Middle East-dominated cartel is looking to moderate oil prices after a rally of more than 40 percent over the last 12 months.
      The 14-member producer group took action as Venezuela's dwindling output, the looming disruptions to Iran's supplies, and production declines elsewhere raised concerns about crude futures rising enough to dent global demand.
      “You do not want to give Jeff Bezos a seven-year head start.” Hear what else Buffett has to say   “Saudi Arabia is genuinely worried, perhaps even panicked, about supply losses from Iran — something it simply cannot be seen to say publicly — and the likely price spike that will result,” analysts at Energy Aspects said in a research note published Thursday.
       
    • By Half Crazy Runner
      Can anyone explain to me why must they pass the HCL law before there can be a revaluation of the dinar?  What is the connection? It certainly doesn’t look like the GOI will ever agree on this or even bring it up for a vote. They keep pushing it off to the “next session” year after year...  Is it at all possible that we can ever see an RV without the HCL law passing?
    • By Luigi1
      Luigi says... If these guys know what they are talking about, the RV will have a slow gradual increase, not an overnight event. If true, exchange enough to get you by, then hold off for 90 days for the big payload. What say you? Not verified. Your opine.       10-17-2017   Intel Guru Frank26   IMO...THE RI  IS COMING...AND INTROS A FREE FLOAT...THEN FOR ABOUT 70 TO 80 DAYS LATER THEY WILL CAP WITH A CONTROLLED FLOAT OF THE RV...  [RI to a free float, then to a cap where it will be managed. Once they reach the cap rate, do you think it will stay in that range or drop back down?]  FIRST OF ALL...RI IS THE FREE FLOAT... NOT TO IT...TIME IS NOT REQUIRED FOR THAT PHASE...SECOND ...ONCE CAPPED AT PEAK OF RV IS BECAUSE THE IQD WILL...NEVER NEVER NEVER EVER GO DOWN ONCE AT RI / RV.  [Is the RV the same as an international rate?]   WELL...I SUPPOSE...FOR AN RV INTRODUCES THE IQD TO THE INTERN MARKETS THAT WANT TO GET THEIR HANDS ON IT TO USE IT IN TRADE ...BUYING AND SELLING WHICH WILL ROCKET THE VALUE OF THE IQD INTERNATIONALLY.  [This is not meant to be a rate...What opinion do you...have that will be the high vs low for Iraq’s currency at his peak rate post RV?]   IMO...RI   1  RV  4...   10-16-2017   Newshound/Intel Guru Randy Koonce  So learning from the mistake that Kuwait made, the CBI said the 'Float' will be 'Managed'... What does Managed mean?... if you look at the currency now and realize it has been this price for at least 10 years - that's a Managed Float! ... They control the rate.... they peg it off of the Dollar and the British Pound so that it will not move unless they want it to. Which is the reason they will need to RV the currency to get the rate they need...Are there any Laws that need to be passed before they let this go? NO!  Everything is just waiting on Iraq to do this 'Thing'!  Do not get discouraged! Just put on your big girl panties (or big boy, as the case may be) and let this happen. Be happy about the timing... We are close. Every large bank will exchange.. RELAX the RV is coming... Breathe,,, Check www.cbi.iq every day to see if it has changed.  
    • By Luigi1
      Luigi says....
      Treat this article as a rumor.
      Not verified. Your reaction.
       
       

      20 Aug 2017  Delta.... 
      Over a 73 million dollar increase in foreign currency holdings and about 9 million in gold reserves increased.......somebody knows how to make money….All the while they dropped around 40 million in debt.......very productive month, many companies wish they can have this kind of operation.

      Sirenfire:  That is VERY COOL... a 1.7 billion dollar credit is showing in july for current year revaluation!!!!! WOOHOOO PLUS currency issuance expenses for print NEW DENOMSSSSSS BAM spent over 5 mill printing new denoms in July... I would say we are READY BABY!!! 

      Delta:  5 MILLION PER MONTH FOR NEW CURRENCY FOR LAST 3 MONTH, AND BECAUSE OF THE REVALUATION THEY ARE GETTING  SURPLUS ...GOOOOOOOO...........CBI....

      Frank26:  TY for bring this to our ATTENTION DELTA !!!
      ....
       
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.