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12-10-2017 *** Dinar Guru NewsFLASH *** Intel AND Newshound Gurus expected a liberation celebration and/or announcement today in Iraq...and it finally happened Saturday and Sunday! PM Abadi announced it...Iraq is now liberated from ISIS. It appears he delayed this official announcement until desert regions and all borders were secure (and perhaps some other loose ends). This is a HUGE step and victory for Iraq in more ways than one...stay tuned as the gurus uncover what impact this will have on the exchange rate of the dinar.... [The latest guru updates will continue below...]
12-11-2017 Newshound Guru mike Article: "The document: a political entity address the Prime Minister officially .. and demanding the dismissal of the Governor of the Central Bank" My mind drifts back to Dr. Shabibi, now there was a guy who didn't take orders from the GOI and did what was best for Iraq's monetary policy. He was independent and educated in oil based economies. Keywords is none of those things and so far, we're stuck in a rut. I have no confidence in this guy anymore and if he can't get it done, I'd rather start with a new Governor than sit, wait and hope that Keywords will finally move the ball past the goal line. I just don't think he'll do it.
12-11-2017 Intel Guru RayRen98 We had an exciting weekend of celebrations and other activities. Victory Week ends today, although Abadi has already left town, as it were. If I knew things were taken care of, I’d just leave town. Liberation was announced, and Chapter 7, and the Budget, even though Parliament hasn’t voted on it. The only thing still to be announced is the official new rate of the Iraqi dinar. All the currencies we’re interested in have been greyed out on the bank screens, expecting rate changes. Some expected those changes to kick on Sunday evening…that’s in US banks. Over there, the CBI is now in charge, so we anticipate a rate change after the speeches both there and here. This should be it! We don’t have public information of a rate change over there, yet; however… Still the wheel turning forward as far as I'm concerned. Did not wake up this morning to a whole new rate on the IWD at the banks or the rates not being grayed out but that does not mean its not right around the corner. Let's see what happens between now and Wednesday.
12-11-2017 Newshound/Intel Guru Mnt Goat ...the security part is taken care of...the CBI and GOI will not no longer hold back the RV due to SECURITY reasons. So now Iraq is moving in the right direction again and after the announcements this past weekend I believe that Iraq is actually in a much better situation than even in 2012. [post 3 of 3]
12-11-2017 Newshound/Intel Guru Mnt Goat On Saturday we have some incredible news. Is all this recent news really all lining up exactly what we would expect at this time for an EARLY 2018 RV? No! We are still missing important pieces. One of these pieces is the re-education of the citizens in what they are about to do with currency reform. ...I am optimistic as I am told we will get it and to be patient. ...on Saturday Dec 8th was the announcement that Iraq “fully” exited out of Chapter VII for the oil and food program. I will tell you now this does not release Iraq dinar’s ability to trade freely internationally. Iraq is still under currency restrictions. ...the currency restrictions will not be lifted until the IMF deems Iraq fit resulting from the ongoing Article IV Consultation Reviews under the current Stand-By Arrangement. Can this happen anytime? Yes – but there is still work to be done by Iraq. [post 2 of 3....stay tuned]
12-11-2017 Newshound/Intel Guru Mnt Goat I want to say the news could not possibly get any better than today’s news. Many are hoping for a “triggered” RV in January and some even believe there will suddenly be a new rate of $3.00+ on FOREX thus this is how their perception it and expectations. ...let me set everyone straight and set an honest expectation here on how all this is going to work... Remember what I am about to tell you is now the current plan of the CBI and nothing but a plan. They have targeted January 2018 for a major rate change. Having said this, we know they also targeted Jan 2011, Jan 2013 and Jan 2015 and in all instances, it was postponed for some reason. We are just 23 days until 2018 and there is no targeted RV prior to this time. [post 1 of 3....stay tuned]
12-11-2017 Intel Guru ADMINBILL CLOSER THAN EVER BEFORE. THE RECENT PUBLIC ANNOUNCEMENTS OF STEPS ALREADY COMPLETED IS MOMENTOUS AS WE TRACK THE PROGRESS OF THE PROGRESS TO COMPLETION.
12-11-2017 Newshound Guru MilitiaMan "The documentary credit is one of the most secure payment methods in international trade, offering the exporter a conditional payment guarantee from the importer’s bank. Documentary credits usually require the presentation of certain documents, which must be complied with before payment can take place. You must be aware that banks examine the documents only with respect to the documentary credit and do not look at contracts, agreements or the condition of the goods." [post 2 of 2]
12-11-2017 Newshound Guru MilitiaMan Article: "Saleh: There are question marks on mechanisms to convert foreign currency to Iraq" When Saleh talks about the safest way to secure payment methods at this juncture in time, is serious information. The documentary credit [reference post 2] is looking to be the way he is going to protect that long line. It is an assurance that the importer has complied with standards that are acceptable for international trade. This is setting the stage for what is expected and that is a level playing field in an international setting that requires transparency and a stable currency at a stable price. Bye bye program rate! imo~ Chapter 7 was lifted on the 8th of December from the article I read.. Imo That was a go time! wink wink wink The twins were born.. lol ~ [post 1 of 2....stay tuned]
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12-10-2017 Newshound Guru Kaperoni Article: "Security Council eases oil-for-food sanctions against Iraq" So they appear to still have sanctions on Iraq only now under UN Chapter 6. So they still have obligations to the UNSC.
12-10-2017 Intel Guru RayRen98 [With your understanding and what you know right now, does this look like the week to you?] ...All the things we thought had to happen have happened. The significant ones. There are some irons in the fire right now. We are just waiting for them to open the door to the stove so we can see the flames. We know there is a fire in there. Does that have a distinct meaning. Yes, it does! We have reasons to feel good right now. It could come out at a different rate than in the budget. (indication was it could come out higher). If everything unfolds, the way I was told, I’m anticipating seeing a rate change on Monday [12-11-17].
12-10-2017 Intel Guru Dr. Clarke Wait For It. You have the Timeline, from our 12-4-17 Post. [reference Dr. Clarke post 12-4-2017] Santa Says Hello and He's Coming to Town Soon! Ignore all the Factual, Fluffy, Flurry, Fanatical, Froggy, Fictitious, Fog.
12-10-2017 Newshound/Intel Guru Mnt Goat IRAQI FOREIGN MINISTRY ANNOUNCED ON SATURDAY MORNING THE ISSUANCE OF THE SECURITY COUNCIL DECISION TO EXIT IRAQ FROM CHAPTER VII. WOW!
12-10-2017 Newshound Guru Kaperoni [What other laws are we waiting on? I believe I read something a while back from Kap [Guru Kaperoni] saying the cbi law was what was needed and there was no specific law needed for the deposit insurance.] Both are done... CBI law passed last month and deposit insurance was passed months ago, never implemented...yet the CBI stated just a day or so ago insurance was imminent.
12-10-2017 Newshound Guru Don961 Some are confused and have asked: Chapter VII, Chapter VI are UN sanctions...having to do with Kuwait war reparations from Sadaam's attack on them... Article VIII compliance has to do with the IMF...Dotting all the i's , crossing all the t's to comply with IMF rules and regulations.
12-10-2017 Intel Guru RayRen98 [...I'm so nervous.] IT'S OKAY TO BE NERVOUS GETTING ON A RIDE...BUT WE'RE ABOUT TO EXIT THIS ONE!
12-10-2017 Newshound Guru Kaperoni Article: "Specialist: Iraq's exit from Chapter VII paving the way for a safe area for business and investment" [I don't see them getting out of Chapter VII until they satisfy their debts to the Kuwaiti's...] ...a deal is done to pay the balance with Kuiwait. Today's press release concludes Oil for Food program under Chapter VII moving Iraq to Chapter VI. I think the references to the assets and banking accounts is significant. This could effect the dinar.