* DinarThug (Thursday Bytes: Kaperoni – An Accounting Law Needs To Pass B4 Shabbi Can RV WE’RE A COUNTING ON SHABBI ! … via dguru): DV 01/26/12
1-26-2012 Guru Med TWO PHASES CANT BE GOING ON AT THE SAME TIME…WITH PHASE I ALREADY DONE AND THAT THEY HAVE ALREADY BEEN PULLING IN AND NOT REISSUING THE LARGE DENOMS, I SUPPOSE THAT IS ACCURATE…IT IS HARD ENOUGH TO GET THEM JUST TO FINISH ONE BLOODY THING LET ALONE AGGRESSIVE ENOUGH TO DO TWO AND ONE OF THEM EARLY. I SEE ALSO EXXON TOLD THE GOI BASICALLY TO KISS THEIR **BLEEP**ON KURDISTAN…THIS WILL BE A MAJOR DEFEAT FOR THE GOI AND THE MINISTER OF OIL, IT WILL PUT IRAQ ON NOTICE THAT THEIR MICKEY MOUSE BS WONT BE TOLERATED.
1-25-2012 Guru Adam Montana the Dinar is pegged to the USD immediately after the RV, the CBI will still be the main buyer, or “market maker”. They will continue to peg it to the dollar they will do this until they have recouped as much cost as possible through the spread attached to the auctions once the rate stabilizes and the currency is accepted onto forex, then it will become a floating rate but for now, it’s pegged. After the RV, it will remain pegged. The CBI will continue to control the rate and the spread for quite some time…that’s why it’s so important to not rush to cash in – the smart investors will see the big picture and take advantage accordingly.
1-25-2012 Guru Adam Montana The dinar continues to be a speculative investment. There IS a chance you won’t get rich here! No guarantees are made on this investment, and if someone promises you it HAS to happen…they are lying or mistaken. The value of the Iraqi Dinar has gone up over the last 8 years. In my opinion, the value will KEEP going up, and we will all make some good money on this… but that is NOT a promise!
1-26-2012 Guru Kaperoni Parliament stated this past week that they would not take up economic laws until after the Budget is passed…one of the economic laws is an “accounting law” that needs to pass before Shabibi can RV the currency. There was an article…that said they expect to pass the budget by mid February. So we can make a fairly educated assumption that the RV will not occur till after this timeframe…watch for the budget, then watch for parliament to take up the economic laws. We then may be very close…the political issues remain an issue and may delay or impact this.
1-25-2012 Guru Adam Montana I don’t have anything exciting to report this week, it’s been relatively quiet on the Dinar News front, they are basically just kicking things around so I guess the GOOD news is there is no bad news. We did of course have a small revaluation of the Dinar last week. They continue to prove that they are in 1000% control of their currency…which to me says “If we want to RV, we can and we will”… they will not waste the last 7-8 years of progress.
1-25-2012 Guru Doc Parliament has once again disbanded after Monday’s session and are saying they will reconvene on January 31. However, there were a few reports late yesterday stating they would start tomorrow with the expressed purpose of debating the 2012 budget. There are additional reports that indicate all the key laws continue to be debated under the table and we view this as very positive. As we have stated numerous times we need key laws passed to support the RV. These are so the GOI can properly administer the RV and without them there would be chaos. Maliki and Shabibi both know this. Simply put the RV is DOA until Parliament gets these key laws passed. We report, you decide.
The * DinarThug (Thursday Bytes: Kaperoni – An Accounting Law Needs To Pass B4 Shabbi Can RV WE’RE A COUNTING ON SHABBI ! … via dguru): DV 01/26/12 by Dinar Daddy's Tidbits, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-ShareAlike 3.0 Unported License.
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