Intel Guru Bruce
From the most recent information we received last night, we are in essentially a seven-day window. We got it last night that said Wednesday to Wednesday; we have also heard from another call; that was with the financial advisers, bankers, and so on; that was consensus; that we would be notified over the weekend and then start exchanges on Monday. Thus, the 19th…Let’s hope such is the case. Here, right here, where we may visit anytime, sure, and we’ll see if the Wednesday window holds out, or if we get startled, maybe it goes quickly…
Newshound Guru Militia Man
There are plenty of rough and tumble items out there. Positively, all we are witnessing is still targeted and under control; I believe we will be in good shape. We are closing if they started this more than a year ago. I really believe it; they are nearing close and getting ready to carry out their necessary actions.
Intel Guru Frank26
These people are coming out, Saleh, the Finance Minister, Alaq, the CBI governor, even some of the board, Sudani, daily they are showing out on television and what are they doing? They are trying to correct the falsehoods.
Newshound Guru Breitling
They would then change their money, re-denominate, add value to it, and everything wouldn’t work. Nobody would know where to go. It would be quite difficult. They would rely so truly on the US dollar and then have no control over their own economy. For Iraq, that is what is at risk. They are running afoul of rules. They are in bad trouble.
Guru Nader From The Mid East
“Will the three zeros be deleted?” one asks. Indeed, sir; practical it is not going to happen next week or next month; they will be gone soon. You have to hang on and wait a bit, not. NADER: I say from here till December. Will it transpires before the election? IMAD: none. Allow us to wait and observe. No, it’s not in the very near future. Moving these three zeros calls for tremendous effort; corruption is rampant … and many things have to somewhat straighten out.
Guest Guru SkyWalker
About the erase the zeros program, there seems to be some uncertainty. Value of the Iraqi dinar starts in country by government policies, CBI reserves, oil production, Iraqi government investments, output of the economy, and so forth. Right now, the three zeros printed on the money serve as value. An exchange is a two-fold ratio of two currencies used outside national boundaries. Consequently, the three zero notes will be physically taken out of circulation when value is added to the Iraqi dinar first by the CBI in a country. The CBI will publish the cheaper notes with more value in their stead.Finally, the extra value to the Iraqi dinar will show in the exchange rate of the dinar relative to other currencies. Thus, it is not about the zeros leaving the exchange but rather about the three zero notes that are not now utilized.
Guest Guru Mike Bara
[via Judy Byington] I have been given a date of Wed. 21 Aug. for the revaluation of the Iraqi dinar…
Newshound Guru Pimpy
July 11th brought $84.69 per barrel of oil. It had plummeted to $76.17 per barrel as of August’s sixth.Today it is $79.66 per barrel. This relates directly to the fundamental problem with Iraq’s budget’s price per barrel choice. There is an expectation; if they fall short, all they had planned becomes a deficit for Iraq. We learned a few months ago that there was an issue in Iraq, and the central bank started considering once more devaluation of the Iraqi currency.It does not mean it will transpire. They have mentioned weakening the Iraqi dinar due to the figure they established in the budget per barrel, which I understand to be roughly $70 per barrel.
Newshound Guru Jeff
Out of all the [gurus] available, I am the only one that has focused on the budget and informed you that it is unconstitutional. Nothing, not even the rate change, absolutely nothing economically is occurring in Iraq until the court rejects the budget…The budget has to be reversed, and most likely it will be around mid-September. Right now, that is the key component helping you to solve the riddle.
Newshound Guru Militia Man
The prime minister’s financial adviser, Saleh, has a quite excellent record. “Government Signal: Higher Export Capacity Boosts Currency Value” He is explaining the reasons behind several actions that will increase value.They refer to floating and set prices.He expresses his view: I believe he is referring to a managed float as floating seems too aggressive and fixed prices work.
Intel Guru Frank26
TV show…topic was about removing the zeros from our currency and introducing a new currency and the problems of implementing this new currency. They had a doctor of economics on the show. We don’t know him but he is sent by Sudani…He said…we have low inflation so we can remove the zeros. They talked about how we will get purchasing power with this move. FRANK: It’s great to see monetary reform education now on daily basis teaching you on your TV what you will be given…This is the third week in a row they talk to you about lifting the three zeros and about a new currency coming to you and now on the process of how they’re going to implement that new currency to you…They continue to tell you purchasing power is coming to your currency…
Intel Guru MarkZ
[via PDK] Here’s a good one… “Parliamentary committee for Nina-A government team is preparing a new draft of the oil and Gas Law” They are letting us know they are moving forward…meetings are happening and they are moving towards completion.
