backdoc » June 18th, 2014,
THE FOLLOWING ARE MY OWN THOUGHTS AND OPINIONS
THE KEY !!
GUYS, JUST FOR CLARITY SAKE, BE AWARE THAT THIS ARTICLE (see below) IS ONLY TALKING ABOUT THE VALUE OF THE DINAR BETWEEN THE BANKS !! THE REAL MARKET VALUE OF TRADING ENDED NORMALLY ON THURS. LAST WEEK .
WELL, I THINK THEY ARE DOING JUST THAT AS ALL THE DISTRACTIONS ARE PLAYING OUT! LET ME MAKE ONE THING CLEAR, THE CBI SPOKE AND SPOKE LOUDLY ABOUT THE REASON IT HAD BEEN UNABLE TO ACCOMPLISH IT'S MONETARY REFORM TILL NOW.
THE REASON THEY GAVE AND CORRECT ME IF I'M WRONG HERE BUT I BELIEVE IT WAS POLITICAL STABILITY !! IN OTHER WORDS A PROPERLY FUNCTIONING GOVERNMENT.
SECURITY WILL ALWAYS BE A CHALLENGE IN THE MIDDLE EAST AND MAY NEVER REACH SOMEONE'S LEVEL OF PERFECTION, BUT POLITICAL STABILITY IS ACHIEVABLE AND I THINK WE ARE WITNESSING ITS' BIRTH !!
SHORTLY WE SHOULD HAVE ANNOUNCEMENTS MADE TO THE WORLD ABOUT THAT STABILITY, WHEN WE SEE THAT HAPPEN THE CBI WILL TURN ON THE GREEN LIGHT TO THE ECONOMIC SECTOR. THE NEXT TIME THE DINAR CURRENCY TRADES IN THE REAL MARKET PLACE I DON'T BELIEVE IT WILL BE BURDENED WITH THOSE PESKY UN NECESSARY ZEROS.LOL
THE CBI SHOULD BE JUMPING FOR JOY WHILE THEY WAIT TO PUSH THE GREEN LIGHT. I'M SURE MANY IN IRAQ ARE EXCHANGING THEIR DINAR FOR DOLLARS THINKING THEY ARE PROTECTING THEMSELVES IN THIS TIME OF CRISIS WHILE THE CBI SAYS THANK YOU VERY MUCH AND WE WILL GLADLY GIVE YOU DOLLARS FOR YOUR DINARS.
MMMM ONE LAST PUSH TO PULL IN THOSE DINARS STILL IN THE PUBLIC FLOAT. NO WONDER WE SEE AN ARTICLE TODAY SAYING THAT THE CBI WILL DEFEND IT'S CURRENCY VIGOROUSLY WITH NO CEILING !!! WHAT ?? NO CEILING ??
OH MY, THAT'S TELLING A TRADER LIKE ME DON'T EVEN THINK ABOUT SHORTING THE DINAR HERE AT THE 1.16 POST RE-DENOMINATION BECAUSE WE WILL CRUSH YOU !! MMM SO, NO CEILING HUH ?
THE SMELL TEST IS LOOKING MORE AND MORE LIKE A FREE FLOAT STARTING AT 1.16 AND LOOKING TO SKYROCKET !!! MAYBE WE WILL SEE THE ROCKETS RED GLARE ON JULY 4TH IN MORE WAYS THAN ONE !!! LOL
YES THESE ARE EXCITING TIMES. DON'T BE DISTRACTED BY THE WAR GAMES BEING PLAYED OUT. THE EMPIRE NEEDS TWO THINGS AND THEY WANT IT NOW! 1. POLITICAL STABILITY, GOVT. SEATED AND ANNOUNCED TO THE WORLD. 2. A SIGNED TROOP IMMUNITY AGREEMENT ECT. THE EMPIRE NEVER LEAVES WHEN THE JOB IS DONE !
WE ALWAYS LEAVE TROOPS, IE GERMANY,JAPAN,SOUTH KOREA ! MMMM WATCH THESE TWO PIECES OF THE PUZZEL FALL IN PLACE, AND THEN WATCH THE DINAR LEAVE THE LAUNCH PAD.
CAN YOU THINK OF ANY OTHER MAJOR EVENT THAT COULD OCCUR IN THE NEAR TERM THAT WOULD DRIVE INVESTORS OUT OF U.S. TREASURIES ? NO, I DIDN'T THINK SO.
C.L. JUST STATED YESTERDAY THAT THE U.S. WILL LIMP ALONG BETWEEN 2 AND 3 PERCENT GROWTH IN THE COMING YEAR. SO WHY WOULD OUR FED BE SO SCARED AS TO CONSIDER EXIT FEES IF YOU SELL U.S. BONDS ?? THEY FEAR A BOND COLLAPSE.
I SUBMIT TO YOU THAT WE ARE ABOUT TO SEE THE ACTIVATION OF THE PRIVATE SECTOR IN IRAQ, AND WHEN MR. DINAR WAKES FROM ITS' SLUMBER IN OZ LAND IT WILL BE KING !!
THINK FOR A MOMENT. IF YOU WERE A TRADER AND YOU JUST HEARD THE DINAR WENT INTERNATIONAL YOU WOULD START ASKING A LOT OF QUESTIONS. AT THE END OF THOSE QUESTIONS YOU WOULD FIND OUT THAT IRAQ HAS A LARGE MILITARY PRESENCE DUE TO A NEWLY SIGNED TROOP AGREEMENT. YOU WOULD BEGIN TO REALIZE THAT THEY ARE NUMBER 2 IN OIL PRODUCTION AND LIKELY TO BE NUMBER 1 IN 2015.
YOU WOULD BEGIN TO HEAR THAT THERE ARE MASSIVE GOLD DISCOVERIES WAITNG TO BE MINED JUST OUTSIDE BAGDAD AND IT'S RIGHT AT THE SURFACE ! WOW ! YOU WOULD HEAR THAT IRAQ HAS MASSIVE PHOSPHORUS RESERVES READY TO BE MINED WHEN THE REST OF THE WORLDS SUPPLY IS AT CRITICALLY LOW LEVELS.
YOU WOULD ALSO HEAR THAT LITHIUM IS ALSO AVAILABLE TO BE MINED ALONG WITH RUBY MINES AND DIAMOND MINES !! MMM GOSH AND LET'S NOT FORGET THEY WOULD HEAR THAT THE BEST SOIL IN THE WORLD LIES NEAR THEIR RIVERS AND CROPS COULD BE GROWN YEAR ROUND.
DO YOU GET MY POINT ?
THE TREASURY MARKET IS ON SHAKY GROUND AND WE ARE ON SOLID GROUND !! THE NAY SAYERS WILL SOON LIVE THEIR LIFE IN REGRET AND WE WILL BE THERE TO LOVE THEM AND GIVE THEM GRACE. SORRY FOR YAPPING DOC !!
AGAIN THESE ARE MY OWN THOUGHTS AND OPINIONS !!
JJONESMX » June 17th, 2014, 8:42 pm
06/18/2014 (00:01 pm)
Financial expert: dinar recovered a week after wobbling
Baghdad / term approaching the Iraqi dinar exchange rate against the dollar to the normal price, after witnessing a remarkable rise over the weekend, with a financial expert confirms that the central bank's reserves are sufficient to remedy the crisis and maintain the exchange rate.
A financial expert and former deputy governor of the central bank, the appearance of Mohammed Saleh in an interview with the agency, "Wi-News" that "any political position or security turbulent cast a shadow over the Iraqi market through exchange rate appreciation," noting that "the absence of political stability and security influential factor on people's financial decisions, and people hedge their investments in relation to the financial. "
Saleh pointed out that "the state of the hedge people have lead to to head to buy any stock fixed and stable value of the material, which is usually the dollar because of its measures of global stability is Born extra demand for the dollar," noting that "the current situation is stable will inevitably lead to a wave of demand great on the dollar. " He said, "There is great potential to meet this growing demand for the dollar, Iraq's exports of petroleum products as well as continuing to central bank reserves to cope with such a big Thus conditions," pointing out that "so far no danger to the stability of the currency."
Saleh pointed out that "the primary function of the central bank is to maintain the stability of the external value of the Iraqi dinar, represented by exchange rates," explaining that "making the central bank such Thus conditions is to intervene to address the demand for the dollar by pumping dollars to banks to maintain the exchange rate," noting that "part of civil rights is to preserve the value of the currency, and function of monetary policy is to maintain the purchasing power of the currency and restore confidence in it."
Abizaid said that "central bank reserves from the dollar covering about 1.3 of the Iraqi dinar, and there is the possibility of high coverage of more than 100% for the dollar against the dinar , "pointing out that" the existing foreign currency enough cash allocated to the primary trading. " LINK
JONESMX » June 17th, 2014, 7:23 am • [Post 131]
CBI: our reserves "safe" with banks abroad Tuesday, June 17th, 2014
Showed Iraqi Central Bank Governor Abdul-Basit Turki regretted that the Iraqi monetary policy to deal with the exceptional circumstance present that Iraq is going through,