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Kaperoni looks at the RV, free float, and CBI issues. 10-3-2012 DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Kaperoni looks at the RV, free float, and CBI issues. 10-3-2012

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Post by Guest on Wed Oct 03, 2012 11:17 pm

Kaperoni looks at the RV, free float, and CBI issues. 10-3-2012


Kaperoni looks at the RV, free float, and CBI issues.
I thought I would try and put together something that tells us where we are at…

In recent days, many articles have surfaced that have changed the landscape of the Event. Whether a RV, or free float, it appears that changes are in the works.
Here is what I see has happened…

I believe last year, and again this Spring (April) the CBI’s plan was an “overnight” RV at 1 to $1 or about. This was confirmed in the SIGIR report, and various articles. We even had a video from economists in Iraq stating this was a “Staging Rate”. Which makes sense in many ways for Iraq to bring their currency to an international level, start the process of de-dollarization, and move the economy and investment forward.

Unfortunately, the GOI and particular the CoM has been adamantly against this plan from the beginning and stopped it. Thanks can go out to Maliki for this, as it’s his GOI and his CoM, which also included his economic advisor. They issued many statements as reasons why this should not proceed with included; it would drain Iraq’s reserves, extensive counterfeiting, corruption, etc. In any event, they got their way, despite the CBI’s autonomous independence. I think this plan was pretty much dead within a few weeks after the April incident.

In June 2012, the CBI held a high level Symposium attended by economists, banking experts, the CBI etc. To come up with a new solution to achieve the same results...which is raising the value of the dinar to move the economy forward. A new plan that would address the complaints from the GOI, CoM and prevent them stopping monetary policy and progress. That plan was kept under tight wraps until just last month when videos and articles started to surface from the June Symposium.

At DinarAlert, this team was aware of some of the new details, which we shared as we found them out. Details, which included a change from the RV, to a free float. This information was sketchy at best as we don’t know if this is an inter-banking (institutional) float, or FOREX float, but non-the-less we shared what we knew. We discussed how this would occur which brought in a ECN network, or Market Maker which was coined “facilitator” by Enorrste – the professor and boy was he right on! Nobody else in this investment had a clue to the information we had. In fact, many disregarded it. Thought we had lost our mind or refused to comment and kept pushing the RV.

In the last few days articles have surfaced which in my mind no doubly put an end to the RV which would have been part of the “delete 3 zeros” Event. This quote confirms it… “taking into consideration that the Iraqi dinar is covered by more than sixty billion dollars can be increased day by day, which eventually lead to the disappearance of zeros automatically one after another and publicly come back to this topic again after several years of seeing positive returns that emerged due to the prudent policies and legislation.” And this one from the Arab Monetary Fund… “Confirmed the Arab Monetary Fund said Iraq from among the countries which depend on the system flotation orbit currency exchange,” and this final one… “He Alkrasna adopt all of Iraq, Tunisia, Algeria, Mauritania and Sudan system "floating orbit of exchange", where value is determined currency in the market, according to the forces of supply and demand, and the government to intervene when necessary to re-route the exchange rate, in line with a set of criteria including the status of the current account and currency reserves foreign, depends both Egypt and Yemen floating exchange system.”

There is clear indication that the decision was made to put off the new currency change (the one with Kurdish language) to 2014 or even 2015. I no longer think there is any chance that “staging rate” will occur. For the very reasons the GOI/CoM is against it.

With this new plan, came many logistical issues. I believe the Iraqi Banking Conference was a chance to finalize some of those issues with the participants needed to make this ‘new plan” work. A free float of the dinar to begin in very short order. As for currency in Iraq, the CBI already had smaller denominations from the original set of currency, which can be issued as the dinar rises. And a recent article about the condition of the current state of the dinar in Iraq tells us these two things… “And adds that the benefit the next two months will witness the withdrawal of currency damaged and replaced with new ones from the reservoir replacement and compensation,” and “He points out that there are other solutions to include them central part of its future plans in the project to delete the zeros from the currency, which include put metal coins of small denominations as part of a restructuring of coins in Iraq, which are of greater benefit in use among citizens.” So there is a plan to support the currency as the rate rises in value.

The problem with this plan is it infuriates the GOI, primarily Maliki because he has not been able to stop the progress the CBI wants to implement supporting the economic growth within Iraq. As a result, Maliki has gone on a “witch hunt” to find some sort of corruption within the CBI. Even going as far as to create a special committee to investigate the CBI. Maliki’s own party MP Jubouri has stated on numerous occasion he is certain that there is corruption within the CBI and they will expose it. This in my opinion, is a clear attempt to not only stop the CBI’s plan, but to take over control of the CBI. Which would be disastrous in many ways if they succeed. Over the last few days, they have announced a “final report” was completed in this investigation. And today, this quote came out from the White block, which is clearly part of the Maliki’s offensive move to stop the CBI… “Mayahi announced that the Committee's report will waste heads large and influential figures in the central bank, in addition to a number of banks.”

This does not leave us in a real good light. Though a new plan is in place, for a free float of the Iraqi dinar, it is clear, Maliki does not want this to proceed and is doing whatever he can to stop it. Will he have success? Only time will tell.

I encourage this post to be shared. The key here is to get this information out. To get the gurus off the high rates, fake dates and convey the facts of what is really happening in this investment. Though it is not the news we all want to hear it is reality and reality is better than crazy rates, dates, and false promises of substantial wealth overnight. There is huge potential for this to still workout in our best interest, as the dinar rises in value over time (1 to $1 is very realistic in short order) in the new “free float” mechanism. As long as Maliki does not interfere.

Kap


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Kaperoni looks at the RV, free float, and CBI issues. 10-3-2012 Empty Re: Kaperoni looks at the RV, free float, and CBI issues. 10-3-2012

Post by Guest on Thu Oct 04, 2012 1:20 am

We might see this come to light in JANUARY in my opinion.

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Post by Terbo56 on Thu Oct 04, 2012 9:58 am

If at all-Mad
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Post by Guest on Thu Oct 04, 2012 10:08 am

Kap thinks the FF will start sometime this month ...

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Post by Terbo56 on Thu Oct 04, 2012 10:33 am

Seeing is believing- I don't think this will happen for a long, long time- Someone isn't telling us the WHOLE story- I'm sick of guessing games and b.s.- Either it is going to RV, or it isn't, so dang it, which is it?The gurus need to be taken out of the way, and the truth needs to come out- Someone needs to tell the truth, and tell it now-:shock: Mad Kaperoni looks at the RV, free float, and CBI issues. 10-3-2012 2837018037 scratch
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Post by IQD4US on Thu Oct 04, 2012 10:34 am

Free float is NOT a bad thing. For those not involved with finance - here's the short version:

A floating exchange rate or fluctuating exchange rate is a type of exchange rate regime wherein a currency's value is allowed to fluctuate according to the foreign exchange market. A currency that uses a floating exchange rate is known as a floating currency.
There are economists who think that, in most circumstances, floating exchange rates are preferable to fixed exchange rates. As floating exchange rates automatically adjust, they enable a country to dampen the impact of shocks and foreign business cycles, and to preempt the possibility of having a balance of payments crisis.
However, in certain situations, fixed exchange rates may be preferable for their greater stability and certainty. This may not necessarily be true, considering the results of countries that attempt to keep the prices of their currency "strong" or "high" relative to others, such as the UK or the Southeast Asia countries before the Asian currency crisis.
The debate of making a choice between fixed and floating exchange rate regimes is set forth by the Mundell–Fleming model, which argues that an economy (read: government) cannot simultaneously maintain a fixed exchange rate, free capital movement, and an independent monetary policy. It can choose any two for control, and leave the third to market forces.
The primary argument for a floating exchange rate is that it allows monetary policies to be useful for other purposes. Under fixed rates monetary policy is committed to the single goal of maintaining exchange rate at its announced level. Yet the exchange rate is only one of many macro economic variable that monetary policy can influence. A system of floating exchange rate leaves monetary policy makers free to pursue other goals such as stabilizing employment or prices.
In cases of extreme appreciation or depreciation, a central bank will normally intervene to stabilize the currency. Thus, the exchange rate regimes of floating currencies may more technically be known as a managed float. A central bank might, for instance, allow a currency price to float freely between an upper and lower bound, a price "ceiling" and "floor". Management by the central bank may take the form of buying or selling large lots in order to provide price support or resistance, or, in the case of some national currencies, there may be legal penalties for trading outside these bounds.
A floating currency is a currency that uses a floating exchange rate as its exchange rate regime. A floating currency is contrasted with a fixed currency.
In the modern world, the majority of the world's currencies are floating. Central banks often participate in the markets to attempt to influence exchange rates. Such currencies include the most widely traded currencies: the United States dollar, the euro, the Norwegian krone, the Japanese yen, the British pound, the Swiss franc and the Australian dollar. The Canadian dollar most closely resembles the ideal floating currency as the Canadian central bank has not interfered with its price since it officially stopped doing so in 1998.
The US dollar runs a close second with very little changes in its foreign reserves; by contrast, Japan and the UK intervene to a greater extent. From 1946 to the early 1970s, the Bretton Woods system made fixed currencies the norm; however, in 1971, the United States government would no longer uphold the dollar exchange at 1/35th ounce of gold, so that the US dollar was no longer a fixed currency. After the 1973 Smithsonian Agreement most of the world's currencies followed suit.
A floating currency is one where targets other than the exchange rate itself are used to administer monetary policy.

Thats my story and I'm stickin to it...
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Post by Terbo56 on Thu Oct 04, 2012 10:41 am

I was talking about the 'realness' of the RV, nothing more, nothing less- The truth needs to be revealed either way- This has gone on way too long, either it is going to happen, or it isn't- Now, which is it?:shock: Mad
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Post by IQD4US on Thu Oct 04, 2012 10:48 am

sorry terbo56- when I posted it said a new message had jsut been posted - please don't think THAT was my response toward you.

RV = revalue - will the IQD increase in value? Yes. when? unknown.

Do you know the USD was valued at over 83 cents 3 weeks ago, and this morning 1 USD is worth .7954 and dropping.

Right now they are still using thier IMF program rate. Can it change while they are still in the program? Very likely. Does Iraq still have to use the "program rate" - NO - but how they decide to change it it up to them.

Shabibi could do 2 things - and on one hand we see a FAST return - on the other hand it will be slower - but still a return.

There are no other "real" answers available to the world yet...sorry.
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Post by Guest on Thu Oct 04, 2012 10:54 am

@IQD4US wrote:sorry terbo56- when I posted it said a new message had jsut been posted - please don't think THAT was my response toward you.

RV = revalue - will the IQD increase in value? Yes. when? unknown.

Do you know the USD was valued at over 83 cents 3 weeks ago, and this morning 1 USD is worth .7954 and dropping.

Right now they are still using thier IMF program rate. Can it change while they are still in the program? Very likely. Does Iraq still have to use the "program rate" - NO - but how they decide to change it it up to them.

Shabibi could do 2 things - and on one hand we see a FAST return - on the other hand it will be slower - but still a return.

There are no other "real" answers available to the world yet...sorry.

So the dollar was worth .83 cents weeks ago? What happened? And if they want 1 dinar to equal 1 dollar does that actually mean the rate would be .83 for every dinar....that is assuming we get an RV?

Now, if we get a FREE FLOAT the the rate can start out at say .50 and rise by JANUARY to about $1???

IQD4US, which is better in your opinion???

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Post by Terbo56 on Thu Oct 04, 2012 10:57 am

IQD4US- I know that- No worries-We're all in the same boat here- I just wish some of the so-called intel providers would be truthful with us, instead of telling us when they think this is going to present itself- I don't think any of them know, to be totally honest with you- We've been lied to 4 so long, I don't trust any of them any more, and we have 'you know who' to thank 4 that- Can you really blame me for how I feel and what I think? Jus' sayin'- No worries, just venting-Kaperoni looks at the RV, free float, and CBI issues. 10-3-2012 2032510400 Smile
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Post by Terbo56 on Thu Oct 04, 2012 10:58 am

Punisher- Just save your pennies and save your dimes, giddy up, giddy up, RV time-Laughing
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Post by Guest on Thu Oct 04, 2012 11:19 am

@terbo56 wrote:Punisher- Just save your pennies and save your dimes, giddy up, giddy up, RV time-Laughing

cashingIn

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