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  1. #11
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    6-17-2015 Newshound Guru Kaperoni ...technically...the dinar could remain weak, but the statements about increasing the value of the dinar are not just words but based on sound merit. Both the WTO accession committee and the IMF have encouraged the dinar to be valued higher. In fact, it was once stated by the accession committee that full accession would not come.."until the dinar is more on par with the dollar." So there is a real sense that the dinar is undervalued and needs to have a correction...getting off the peg and floating the dinar is the best solution to accomplish that.

    From Batman: I TOLD YOU M-71, HG, MIKE123 1:1 is near to come JUST DONT CRY and STAY SAFE


  2. #12
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    6-19-2015 Newshound Guru Kaperoni [Make a person wonder why they are so set against raising the value of the dinar.] I do not see Iraq against raising the value...its more about setting the stage or creating the right environment so the dinar will succeed. If you believe the plan, and the IMF documentation, they must pass the laws, rid the country of violence or and ISIS so investors want to come to Iraq. If they do not, the launching of the currency will fail. If you think about it, if Shabibi wanted to, he could have continued to appreciate the dinar all the way up to 1 to $1 or greater back when he started in 2003-2004 with the new dinar.


  3. #13
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    6-21-2015 Newshound Guru Kaperoni Anyone see that Iraq expects a credit rating next month? [see definition of "Sovereign Credit Rating" in part 2 of 2] I did a bit of looking into this... The credit rating is important because Iraq wants to sell bonds to cover the deficit. If anyone would want them. ...the dinar is convertible now. Since they are in Article XIV, it does not prevent them from trading or convertibility. That being said, many merchants, and banks refuse to deal with them under that condition...its really a choice by the bank or merchant if they are willing to engage with Iraq while the CBI is under Article XIV. That would change if the CBI met the conditions to move to IMF Article VIII...Which is the international standard of acceptance. Banks, merchants would welcome transactions, etc. once they meet that standard. That being said, Dr. Bakri, a very well known economist in Iraq stated to me that currency reform would occur before the CBI would ever meet Article VIII. So Article VIII is not something we necessarily need. Hopefully we will see the dinar appreciate long before the CBI moves to Article VIII.

    From Investopedia...DEFINITION of 'Sovereign Credit Rating': The credit rating of a country or sovereign entity. Sovereign credit ratings give investors insight into the level of risk associated with investing in a particular country and also include political risks. At the request of the country, a credit rating agency will evaluate the country's economic and political environment to determine a representative credit rating. Obtaining a good sovereign credit rating is usually essential for developing countries in order to access funding in international bond markets.



  4. #14
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    6-23-2015 Newshound Guru Kaperoni Article quote: "...delete the zeros of the Iraqi currency and a national project to feminine Iraqi currency, likely work on the project early in 2017." Though hearing 2017 is not good, this is a really good article. It once again confirms no LOP (a LOP would require all denominations to come out at the same time). It also confirms that the issuance of the 50k will move the process forward to delete the zeros. It also confirms that the rate must rise to at least a point where a 50, 100, and 200 would have usage (which IMO is about .10 cents). So this is more confirmation that the CBI plans to delete the zeros gradually, raise the value of the dinar, and begin doing so after they reduce the physical note count with the issuance of a 50k note (if they do this at all).

    it is nice to read that they will honor the larger 3 zero notes for 10 years again. That should give us plenty of time to watch the dinar rise once it starts to decide where and how we will exchange these notes...for sure the can has been kicked down the road starting back in 2012. But I believe that if they do issue the larger 50k note, the process is then non-reversible... because once they start reducing the physical note count there is no turning back. Hopefully I am correct and this project will finally get started so we all can relax and watch Iraq and the dinar prosper. The dinar float must start well before 2017 (probably early to mid 2016) in order for the rate to reach a point where a 50, 100, and 200 dinar note would be of use in the market (IMO around .10 cents).


  5. #15
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    9-1-2015 Newshound Guru Kaperoni Raising the value gradually does chop the zeros off the exchange rate...just not overnight. There is no chance of the dinar ever appreciating to a 1 to $1 rate overnight (RV)...it's not mathematically possible with around 32 trillion dinar or more in circulation. Not to mention, the CBI has never mentioned one time about introducing an entire set of new bills (ie fils, 1, 5, 10, 20, 50, 100) at one time. In fact, all we have ever seen is the mention of a few notes and several years to complete. And most recently, it was stated that the 50, 100, and 200 would come out around the first of 2017.

    9-1-2015 Newshound Guru KaperoniSo, IMO this is going to be gradual just as the IMF stated. It also confirms there is no LOP (which would be an entire replacement at the same time over a short period of time). You also would not need to reduce the note count first if your going to LOP, you simply introduce the new denominations. So, if they reduce the physical note count from 4 billion to around a 1.5 billion, they can substantial consolidate the physical Iraqi dinar. Though it does not reduce the money supply, it may make it much easier for them to transition to smaller denominations once the float begins (ie 50, 100, 200 early 2017).


  6. #16
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    Is this Guru Pepperoni dude still messing around here with his Magic Eight Ball?
    "We are ready for an unforeseen event that
    may or may not occur." --Al Gore, VP :swear:

  7. #17
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    Getting hungry

    Quote Originally Posted by millionairetobe71 View Post
    Is this Guru Pepperoni dude still messing around here with his Magic Eight Ball?
    He joined forces with the Ali Ravioli.
    ---------------------------------------------------------------
    "Sumerian News", that "the real value of the coin is the value of goods received by the individual and on the strength of the national economy"

  8. #18
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    Quote Originally Posted by HumbleGenius View Post
    He joined forces with the Ali Ravioli.


    Ahh....So it is confirmed that Guru Pepperoni has move to the spaghettied side of the force..... man....we are doomed.
    "We are ready for an unforeseen event that
    may or may not occur." --Al Gore, VP :swear:

  9. #19
    Supporter and Investor! millionairetobe71's Avatar
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    So the question is this.....

    All those so Self-Called Guru's.......Why are they called themselves Guru's?........ I mean, they will have better luck trying to hit the mega jackpot lottery than keep guessing over and over their stupid predictions?

    Do they buy a paper that say " I am a Guru?" or they just copy, paste and print it from MS Word?.....

    I mean, really...do they think that everyone on this site is stupid enough to believe a word they say (especially YOU Batman) and expect a recognition of " Guru" in return?

    I have seen stupid and senseless stuffs in my lifetime enough for me to scratch my head thinking "How in hell this happened"..but this Guru crap has always left me speechless since back in 2005 Shot Gun Sussie made her appearance on this site (just ask any other old timer and they will tell you who she is).

    Is there gonna be a time were we will stand up and say "You? Guru? Yeah, Guru my ass you dumb screwed-face"!!
    "We are ready for an unforeseen event that
    may or may not occur." --Al Gore, VP :swear:

  10. #20
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    4-5-2016 Newshound Guru Kaperoni Article quote: "Great credit is due to the many aspects of the development of the Iraqi banking system and monetary policy in the current day to Dr. Shabibi..." This guy is clearly pro Shabibi and deservingly so because he was a well liked and intelligent man who accomplished quite a bit for the banking system in Iraq. I want to draw attention to the part where he raised the value of the dinar from 3000 to $1 to 1200 to $1 gradually. I believe this is the same plan for when the market economy is launched. And it did not take long for the CBI to accomplish this. The final step will be to raise the dinar from the current 1182 to $1, to 1 dinar to $1 or about removing the zeros during the process.More importantly it shows it is possible without much fanfare. Also, it is important that Iraq never suffered from hyperinflation as some have stated. This is important because that is the basis for many who believe in a LOP theory. Iraq's inflation peeked at or around 33% well below the requirement of over 50% to meet the definition of hyperinflation. These are good facts to keep in mind when we start to sway. Keep the faith, let it come to us. The dinar will rise once the new government launches to market economy.



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