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Official Central Bank of Iraq (CBI) Dinar Rate:
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1252 IQD to 1 USD
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10-23-2017 Intel Guru Frank26 Article: "US Secretary of State arrives in Baghdad to meet infallible and devout" Quote: "US Secretary of State Rex Tillerson arrived in Baghdad and will meet in Baghdad with Iraqi President Fuad Masum and Prime Minister Haider Abadi..." SOMETHINGS UP!!!...OF COURSE...IMO...
10-23-2017 Intel Guru RayRen98 Iraqi citizens were asked to come in to the banks to confirm their data, but we don’t really know if that has any bearing… but I would think it does, as it has to do with being paid. Abadi was also on television talking about the 140, which is a political priority. We don’t really know what will have an effect on the public release. Now they are saying the processes are complete to advance the system, but no one has made an announcement yet. Secretary of State Tillerson has just touched down in Iraq for an unscheduled visit… wonder what that is for. Based on where we should be with the information – it could happen this evening, this week, this month, or even a couple of months. It seems very likely to happen this week, if not this evening. [post 2 of 2]
10-23-2017 Intel Guru RayRen98 They did do the celebration in Iraq on Saturday, and PM Abadi did make a speech before he left town, but it was not the speech we anticipated. We are still wondering what comes next. Let’s look at information for this week. CBI Governor al-Allak was on Iraqi television on Sunday asking other countries to link their banks with the CBI. I think I reported some-thing like that in the past, and maybe they are now playing catch-up. Also, it is reported that troops are on standby, ready to knock out those last two provinces. They did say that they are looking for full liberation in the coming days. There could be some strategy involved if they don’t want to wrap this up too soon. I can see that if they are using this as a tool to line these events up with other changes I anticipate. [post 1 of 2....stay tuned]
10-23-2017 Newshound/Intel Guru Mnt Goat ...we will probably not even see the rate on the global exchanges at this time. This DOES NOT mean an in-country only RV has happened. What it does mean is the rate is not yet showing up on the exchanges. Some side trading will be occurring. We will not yet be able to exchange our currency and the rates will not yet be live. Now having said all this let me tell you why they are rolling it out this way. Once this initial 2-3 week period is over, they will roll the rate out to the global exchanges world-wide and away it goes...and the market now drives the rate. Now they can’t stop the process. The important part now is to remember since they did a reinstatement they can also now do a re-valuation. This re-valuation is based only on what they feel the market can absorb which is determined by what happens during this initial couple weeks. So they can now set the rate to $3.41 or $3.71 or $4.00+ or whatever. [post 3 of 3]
10-23-2017 Newshound/Intel Guru Mnt Goat What will be this initial rate? I have given you many reports on this throughout the years...and solid evidence of why I believe the rate will come out at just under or around 1:1 with the US dollar. ...I believe with almost certainty now this will be very close to the initial rate. ...years ago, I reviewed the entire process...how this is set to be rolled out. I want to review this again since we are getting very close to the event. The CBI with the IMF permission will roll out the initial rate. Then they must wait and adjust for inflation. Basically, these first few weeks they are going to strictly monitor the economic and financial impacts. They are looking for certain trends during this time period. They could literally stop the process at any time during this period. [post 2 of 3....stay tuned]
10-23-2017 Newshound/Intel Guru Mnt Goat I have to tell everyone that twice a month the treasury department runs some software that regenerates rates across the board for all global currencies. They do this to monitor the rates and to ensure there is equity and proper valuations. The IMF is mostly responsible for monitoring the results and their analyst get the reports. So how reliable are these rates on the bank screens? For our sake and this RV the rates have steadied over the last couple years since the inception of the new valuation system in 2013. Yes – the Iraqi dinar rate has been seen as high as $4.25 over this period but that only tells us a projected rate base on certain factors, then in motion. So what we can expect will be driven by the market place once the initial launch of a re-instatement rate is applied. [post 1 of 3....stay tuned]
10-23-2017 Newshound Guru Don961 Article: "Parliamentary Finance intends to activate the amendment of the scale of salaries of employees and equal in all ministries" Quote: "the salary after the adjustment will be calculated wages of housing allowances and wages of electricity and water and inflation in the markets and the exchange rate of dinar and purchasing power to ensure a salary is sufficient to ensure all the requirements of middle life." Calculating the new wage scale...taking into consideration...the exchange rate of the dinar...and its purchasing power...calculating...what could that elusive rate be?
10-23-2017 Newshound Guru MilitiaMan Article quote: "Awaji Press learned from her sources that Prime Minister Dr. Haider Abadi is leaving Amman to Baghdad now" Nothing like putting the final touches on to an Iraq Marshal Plan..
10-23-2017 Intel Guru Dr. Clarke OCTOBER. P.S. OCTOBER.
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10-22-2017 Intel/Newshound Guru payray [...when is the next national election due? Surely Abadi will want to RV well before then because it will swing in his favour for re-election if the country has had its economic power cranked up? It just makes sense to me that he wants to do it during his tenure.] Next April I believe... You bet he does...
10-22-2017 Intel/Newshound Guru payray ...Some forget that Abadi was a part of Maliki's government.. I believe he was the finance minister... Think he may have had his hand in the cookie jar a few times, and knew about others who did as well?... More than likely one of the main reasons why Maliki has not been arrested is due to the fact that he has the good's on many who are within the government now.... The Iraqi's are being watched like hawks this time... There will be no more do overs... This is it, and the time is now...
10-22-2017 Newshound/Intel Guru Mnt Goat ...Iraq is very quickly heading to financial freedom and the launching of the lower denominations. Some heard from Allag, that the currencies restrictions have been taken off the dinar. This is not true as Allaq did say in the coming period this would be done. So we wait in anticipation for more progress in this direction. We know we must see a new rate close to 1:1 with the US dollar and together or very close the launching of these new notes. We have witnessed just alone in the past year extensive efforts to the remaining 3 zero notes off out of circulation. It was not until they implemented the electronic banking practices and the POS hardware in the marketplace, that this is now possible. Will they RV tomorrow? Who knows! - However, I fully believe we are in a very good window of time between the coming days and the beginning of January 2018.
10-22-2017 Newshound Guru Don961 [New Guru] Article: "Names of government delegation accompanying Abadi to Saudi Arabia" Quote: "Prime Minister Haider al-Abbadi visited the head of a large government delegation to the Kingdom of Saudi Arabia and during the meeting it was agreed to form a joint council between the two countries concerned with security and economic affairs." ...seems like Abadi took his whole Cabinet with him! ... and some high-level advisers ... people who actually get things done in the GOI ... as compared to Parliament ... US-SOS Tillerson as well ...thinking there is far more involved here than just a feel-good visit to the neighbor ... imo.
10-22-2017 Newshound/Intel Guru Mnt Goat ...there is no reason to compare the Iraqi dinar to the Kuwait dinar experience. The is no reason why the Iraqi dinar may not rise very quickly once they unplug it from the financial sanctions and restrictions and place it back on the open market. If it gets out of hand, the IMF will simply step in and regulate it. But when they do, this it will be with the old 3 zero notes combined with the newer lower denominations. Both will coincide for up to 10 years, as the CBI has told us. The dinar is planned to be pegged at his time to an SDR basket (five leading global currencies). ...the value is not now artificially low, as it...went into hyper-inflation due to the sanctions and embargo of 1991. The dinar has been valued at exactly the rate it deserves. But having said all this - there are the recent Abadi reforms, the growing of the economy and the political stability and the security that has changed Iraq for the good and so it is time to change the value and progress to a new rate. [post 3 of 3]
10-22-2017 Newshound/Intel Guru Mnt Goat Next, once the newer 3 zero notes replaced the old Saddam notes, they had to slow down and stabilize the economy somehow. How did they do this? They did this by issuing the news notes along with instituting the a “de facto” peg of these notes to the US dollar. This was pegged to the US dollar only and not the British pound. The CBI and IMF have told us this countless times already in articles and news. Next, this “de facto” peg is not a float and is not even close to a float the IMF has talked about putting the Iraqi dinar on, once they move the currency out of sanction restrictions (which I believe they are now doing) and back to “full” international status. I don’t care to get fussy in what specifically they will call the float they will use but it will be a “fixed float” in that the market will determine the value based on supply and demand for the currency. In other words, they will fix an initial value and let the market drive it. [post 2 of 3....stay tuned]
10-21-2017 Newshound/Intel Guru Mnt Goat ...let me clarify yet more misunderstandings being passed around. Within the 10 years of the Iraqi embargo prior to the 2003 war with Iraq, the Saddam Hussein currency went into hyper- inflation. This was an intentional stifling of the economy, while pressure was exerted while complying with UN resolutions for the inspection program for weapons of mass destruction. Essentially the economy of Iraq fell apart. Remember the oil for food program. Why in hell do you think they had that program? Contrary to many of the beliefs by the dinar investment community, the rate as this time was not even close to the infamous $3.22 rate, everyone talks about and uses to justify this investment. So let me dispel this rumor. [post 1 of 3....stay tuned]
10-21-2017 Intel Guru Frank26 Tell me ...What is Faster than The Speed of Light? IMO, The Iraqi RI ...(smile) [...I'm smiling... and I'm patient... it's coming soon to a bank near U.S.] IMO... In my Soul...Yes...For they have no choice. This MR path is not of their making...It was Instructed to them to Follow and Accomplish. Their once Baby Steps are now well Balanced in the Direction they are...Running to.
10-21-2017 Intel/Newshound Guru payray Article: "KOGAZ invests $ 372 million in Iraqi oil fields" All of the turmoil, and upheaval going on in Iraq is certainly affecting investors decisions to do business with them... NOT...
10-21-2017 Newshound Guru MilitiaMan Article: "US Treasury: We pay attention to the development of the private banking sector in Iraq" Quote: "The US Treasury announced on Friday that it is paying great attention to the development of the private banking sector in Iraq, indicating that it is optimistic about the opening of relations between Iraqi banks and US banks." ...this is a grand slam! Connectivity to the UST.. "on set 1" Already started...
10-21-2017 Intel Guru RayRen98 Celebrations are anticipated for Iraq on Saturday, platforms and bleachers have been constructed and strategically placed and an extremely large Iraqi flag has been mounted. The Prime Minister's speech is accordingly scheduled as preparations are being completed. Iraqi TV is showing military mobilization to retake the last two provinces held by Daesh along with officials speaking of being congratulated for their efforts of economic reforms. They talked of many countries and /or businesses getting involved to help them rebuild the country. Some US banks are anticipating exchanging everyone starting next week...they are seeing a higher Dinar rate on the screen. Time Will Tell!
10-21-2017 Guest Guru BobTheTaxMan There are all kinds of places to go to see if there has been a change in the value of the dinar. Don’t listen to people who are saying, “It’s happened! It’s happened! And they’re exchanging it overseas. And we’re only allowed so many people to do it!” No. That’s all a lie…The CBI is not going to give preferential treatment to anybody. They can’t. They simply can’t…Check the CBI. Check x currency. That’s how you’re going to know that it’s come to fruition. Don’t listen to the rumor, check it out for yourself. [See the official CBI dinar rate in the Dinar Guru Resource Bar on the left of this page...]
10-21-2017 Newshound Guru G-Lin Article: "Saudi diplomat: The next stage will witness huge work with Iraq" Quote: "The Saudi Royal Airplane arrived yesterday evening in Baghdad with a large Saudi delegation, the largest after a 27-year break between the two countries, to participate more actively in the Baghdad International Fair in its 44th session, which begins on Saturday." This is really a big deal. It shows how much more progressive Abadi is versus Maliki. Saudi is about 85-95% Sunni. Maliki hates Saudi. It wouldn't surprise me to see an invitation to the GCC extended to Iraq in the near future.
10-21-2017 Newshound Guru Adam Montana [According to news outlets, Kurdish forces didn't put up a fight for Kirkuk. It's reasonable to assume that the Kurds didn't put up a fight because Kirkuk is not within Kurdish Region of Iraq and also because, in the past, Abadi said that the Iraqi government would eventually come back for Kirkuk.] I believe the issue of "Kurdish Independence" has been successfully put to rest for the time being. The Kurds are certainly not in a position to successfully separate from Iraq, so they may as well open the doors to resolving Article 140 and the HCL, which is exactly what we are seeing.