8-9-2012 Newshound/Intel Guru BGG More good news. Najafi (who has been acting more like the IS leader “by proxy”) is insisting on the naming of the Defense and Interior candidates – likely before the National Meeting. The pressure is on to get these two jobs filled (not by Maliki). These are some of the core issues we believe have held up this currency play.
8-9-2012 Newshound Guru Med THE DINAR AUCTIONED OF OFF BY SHABIBI, THE DINAR WE GET, SHABIBI YESTERDAY EXPLAINED WHY THERE WAS A TRADE OFF. THE COUNTRY NEEDED IMPORTS THEY CANT GET AND HE HAD TO AUCTION OFF DINAR SO THAT HE COULD IMPORT GOODS THAT WERE NOT ALLOWED UNDER THE DFI WHICH AMOUNTS TO 138 BILLION I BELIEVE HE SAID. THIS IS IMPORTANT, HE IS JUSTIFYING THE ACTIONS.
8-9-2012 Newshound Guru Adam Montana Declare our large denoms null? They could do that, but it would be worldwide political suicide…if they “delete the 0’s” and turn .00086 to .86, that’s the RV we are looking for. (Sure, it’s not $14.72 like some…say…but let’s be realistic! .10 or anywhere near that is a GREAT return and puts food on a lot of tables.)
8-9-2012 Newshound Guru SWFloridaGuy It seems like Malik’s hand just needed to be forced for him follow through on formerly agreed upon issues. I think we are moving right along schedule. All we can do is watch the preparatory steps taken by the GOI, CBI, Finance Committee etc. The GOI is getting their house in order and then the CBI will make their move (whatever that may be). Either way it looks like this should be wrapped up in 2012.
8-9-2012 Newshound/Intel Guru BGG Article “Baydhaa parliamentary bloc : the national meeting after the return of Talabani will have a productive impact on the political process.” More great news about a National Meeting upon the return of Talibani. While we want to stay balanced – this is awesome news!! I would expect some kind of announcement upon his return and movement towards an actual meeting shortly thereafter.
8-9-2012 Intel Guru TerryK we should have a flurry of activity after end of Ramadan – 18 or 19 – then 3 day holiday – 23 to 30 Aug 2012. There’s a big meeting coming up, slated for Sept. 18 and 19. Whether or not they will want to have currency valued at something before this or after is the big question.
8-9-2012 Newshound Guru Kaperoni On the positive of lifting the zeros from the IQD, the operation of lifting three zeros from the IQD, according to a study and sound physical [fiscal?] policy, will lead to these positive factors: One, it increases the monetary power of the IQD to buy things. Two, it increases the value of exchange from the dinar to other currencies. Three, it provides more confidence for more foreign investment in the economy. Four, in increases the confidence of the Iraqi citizen in his own currency, as is the case with the dollar and other currencies in their own countries. [post 3 of 3]
8-9-2012 Intel Guru BOBGETZ6 [do you…agree it is going to come out above 1.00] Way above, IMO. As I see it, maybe within the next 48 hours all the way to 9/1. My mind is set on 9/1 to eliminate stressful situations.
8-9-2012 Intel Guru Jonnywg IT COULD TAKE TIME OR IT COULD BE TOMORROW. MADAM WU IS THE PERSON IN CHARGE AND IS A CHAMPION OF HUMANITARIAN RIGHTS AND THE REBUILDING OF USA. MADAM WU HAS TO SATISFY MANY COUNTRIES AND MANY EGOS. I TRULY BELIEVE THAT THERE IS A GOOD CHANCE THIS EVENT WILL TAKE PLACE SOONER THAN LATER BUT ALL IS READY TO PROCCEED…IN MY OPINION THE PUBLIC RATE WILL BE $4-7 AND A GROUP RATE WILL BE A BIT HIGHER. I HOPE TO HAVE SOME GOOD NEWS BY FRIDAY AND I WILL POST. [post 2 of 2]
8-9-2012 Newshound Guru Adam Montana I already said I see a good chance for it to happen this year. Regarding the rate, I’ll tell you like this. My opinion that it makes more sense to RV at a dime than a dollar was formed a long time ago NOT on rumors – I formed my opinion based on logic and numbers. That logic stays the same, and the numbers are still there as well. There has been nothing but GOOD news in relationship to the things I used to form my opinion, so if anything – I would have to raise my estimate. To sum it up – .10 still makes sense to me, I can see it going higher than that, but I still don’t see any chance or reason they would come out over $1.