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2-28-2015 Intel/Newshound Guru tman23 AS FOR ANYONE SAYING THAT HERE IN THE USA THEY WILL STILL HONOR THE 50 IQD NOTE EVEN THOUGH THE CBI SAYS THEY NO LONGER WILL.......WELL THAT JUST ISN'T SO.....AND IF THEY SAY IT IS THEN ASK THEM IF THEY WILL EXCHANGE SOME OLD IRAQI SADDAM NOTES!
2-28-2015 Newshound Guru Kaperoni Article quote: "...the 50 dinars born "dead" because they are too small and can not be accepted compared to other groups." [I take this as just more confirmation of good things to come and it has started.] I do agree..and the time limit of only 60 days seems to tell me that they wanted to get this over with quickly so they can pursue that new policy. Quote: "A source in the CBI told the "term" that "the Bank does not want a conflict between the currency category of 50 dinars and 500 dinars in case of deletion of zeros from the last." I think the very fact that they mention deletion of zeros as a possible reason in this article implies that process is coming sooner than later. Especially when they are only providing 60 days to redeem. [...if an initial revaluation was coming first, the 50 note would definitely have value. to see it being removed leads me to believe the plan is already in place to come out with a float which means at least for a stretch of time the 50 note will have no significance and should be removed.] ...it will come out at 1166 and rise. Not including any correction that may occur.
2-28-2015 Newshound Guru Millionday THEY HAVE BEEN WORKING ALL DAY [FRIDAY] TO FINISH THE ENTIRE OIL AGREEMENT WITH KURDS AND IRAQI FED. THEY HAVE STATED THEY ARE VERY HAPPY WITH AGREEMENT ON BOTH SIDES. THEY HAVE FORMED A GROUP OF KURDS AND IRAQI MINISTERS THAT WILL MONITOR THE AGREEMENT. AS WE KNOW THEY HAVE ALSO AGREED ON FINANCIAL DISTRIBUTION SO NOW THEY ARE GOING OVER THE POINTS AND ENSURING THAT THE AGREEMENT IS ALL THAT BOTH SIDES WANT AND EXPECT. THEY ARE SPENDING A LOT OF TIME FORMING GROUPS TO WATCH ALL ASPECTS OF REFORM AND ADVANCEMENT -- IT HAS TO BE FOR SOMETHING OR THEY HAVE RUSHED AND WORKED LIKE THIS TO SIT IN A CHAIR AND THAT I DOUBT. PARLIAMENT MEETS TOMORROW [SATURDAY] AND THE NEWS IS NOT REPORTING MUCH AT ALL BUT WE HAVE HUGE LAWS ON THE AGENDA...
2-28-2015 Intel Guru Frank26 On Sunday the 1st of March in this 2015 ...History will change in Iraq.
2-28-2015 Intel Guru TerryK HOW CAN THEY JUST DUMP THE 50 DINAR NOTES...IS IRAQ MAYBE WANTING US TO PANIC AND DUMP THE INVESTMENT ALL TOGETHER...MAYBE. THINKING BACK TO THE DAYS OF KUWAIT, AND WHAT I LEARNED AFTER THAT BLESSING IS THIS...A LOT OF THINGS TO SCARE EVERYONE WAS BEING SAID. SO IF WE HAVE THE BLESSING THIS SUNDAY WHICH IS A STRONG POSSIBILITY THEN THAT WOULD NOT MATTER...JUST DUMP THE 50'S RIGHT.
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2-27-2015 Intel Guru TNT Tony [via Adept1] The rates haven’t changed on their screens for three days, and multiple banks now have live rates. Our banking contacts have been told that Sunday is their day. That is what the bankers are being told. It’s the same message being given to the Iraqi people in the towns and country, that this is going to be IT. Also the tariff laws and tax brackets go into effect on Sunday...it’s all coming into effect on Sunday. We’re looking good!
2-27-2015 Intel Guru DC [via Adept1] All the banks in the US have been prepped... The CBI has sent test messages to the central banks, and the central banks have sent them to Wells Fargo, Citi Bank, etc., the Bank of England have pushed it to their local banks, and so on. The initial exchange centers have received the rates, made sure they loaded successfully – and they have...They have also allowed a few test exchanges to make sure their systems work, and those codes have gone through. The vast majority will be informed when this is ready to go through. The screens are being guarded carefully. It is NOT on administrative hold, it is LIVE. Again, it is live; they are just restricting access, and the codes are limited to a few per location to make sure they work out. That is throughout the US. They are ready to go. Also, this is not single-source information here. All our intel is consistently dual-source, typically three sources or more... Abadi has had meetings and the technical staff and other consultants believe that all systems are go, and they can deal with security issues if they come up. They are ready. The only thing we are waiting for is Dr Abadi and Dr Shabibi’s go-ahead. Everyone knows we are waiting on them to make an announcement. they could make an announcement today or tomorrow saying that from Sunday ‘we are the richest country in the world’. They are ready.
2-27-2015 Intel/Newshound Guru Backdoc NOTHING AND I MEAN NOTHING WILL BE PAID OUT AT 1166...! THE BUDGET CAN NOT BE OPENED UNTIL OZ LETS IT GO OR 6 PLUS YEARS OF WORK REDUCING THE NOTE COUNT WILL BE OUT THE DOOR! WE SAW ARTICLES ABOUT THE KURDS GETTING PAID, WELL, SORT OF. THE CENTRAL BANK SENT THE MONEY TO ANOTHER CENTRAL BANK IN THE KURD REGION...NO ACTIVE BUDGET! WHAT IS ACTIVE IS THE NEW MECHANISM CONTINUING TO STARVE CASH DOLLARS AND "ANY 50 DINAR NOTES"...IN THE ECONOMY RIGHT OUT OF EXISTENCE! WHEN THE TIME IS RIGHT OZ WILL TELL THE CBI TO OPEN THEIR BUDGET BECAUSE HE WILL ACTIVATE THE FUNDING! IT’S NOT IF IT WILL COME, BUT RATHER WHEN IT WILL COME... WHEN? ON OR BEFORE THEY LAUNCH THEIR MARKET ECONOMY! IRAQ WILL BE ON ITS WAY TO BECOME THE NUMBER 1 CURRENCY IN THE WORLD... [post 3 of 3]
2-27-2015 Intel/Newshound Guru Backdoc ...IF THE CURRENCY WAS ONLY GOING TO START AT .10 WHY BOTHER TO GET RID OF THE 50 DINAR NOTE? NOT THAT BIG OF A DEAL RIGHT? RIGHT! BUT...IF THE DINAR RETURNS TO NORMAL AS THE ARTICLES STATE “WHICH HAS BEEN OVER 3 FOR DECADES...”, THEN HOUSTON WE HAVE A PROBLEM! IT’S POSSIBLE THEY MIGHT NOT EVEN HAVE THE 50 PRINTED YET SINCE IT’S NOT REALLY THAT IMPORTANT ONCE THE LOWER DENOMS GET LAUNCHED SOON! WITH A BUDGET PASSED, PUBLISHED, AND WAITING TO BE OPENED IRAQ IS NOW AT THE MERCY OF THE INDEPENDENT CBI/OZ TO TELL THEM WHEN THEY CAN HAVE A LIVE CHANGED VALUE! [post 2 of 3....stay tuned]
2-27-2015 Intel/Newshound Guru Backdoc NOW LETS TAKE A LOOK AT THE WORTHLESS 50 DINAR NOTE. ...THIS IS AN AWESOME CLUE RIGHT BEFORE YOUR EYES! ...WE WON’T BE LOOKING AT IT MUCH LONGER SINCE THIS WORTHLESS PAPER IN 60 DAYS WILL GET A FACELIFT! WHY BOTHER WITH AN ESSENTIALLY WORTHLESS 4 TO 5 CENT PIECE OF PAPER? SINCE WE HAVE SEEN ARTICLES TELLING US IRAQ WANTS TO LAUNCH ITS’ MARKET ECONOMY BY THE END OF MARCH THEY WILL NEED A INTERNATIONAL CURRENCY RIGHT? RIGHT! THE CURRENT 5O DINAR WILL VERY SOON BE A TARGET FOR COUNTERFEITERS SINCE IT WILL GO FROM CENTS TO DINARS RIGHT? RIGHT, THEREFORE A MORE SECURE NOTE WILL BE NEEDED! [post 1 of 3....stay tuned]
2-27-2015 Newshound Guru Breitling It will revalue. There are 2 stated goals by the CBI and this is backed up by the MOP and MOF…first they want to get to a buck and this is a process and then they want to get to 3 dollars and this is a process. so let the process happen…"They" talk about these "laws" [that are supposedly out there], saying only so much dinar can come out of Iraq…How is it then that the Bank of America has a seat on the auction floor and literally bought millions and millions of US dollars worth of dinar who sold it to Chase bank who then sold it to me? So basically there are two banks who "illegally" sold dinar…none of that fits…it's common sense. It's tougher and tougher to get dinar cause it's not the wild wild west anymore and will get tougher. [Post 2 of 2]
2-27-2015 Newshound Guru tlm724 Article: "Kurdistan announce the dinars from Baghdad and is preparing to pay salaries next week" Quote: "The amount of 250 billion dinars, arrived this afternoon from the central government to Arbil," noting that "the amount will be transferred to the Central Bank ". the budget money is flowing like water now...Wink.
2-27-2015 Newshound Guru Breitling I've always stated that if they ever did close the auction floor that something is coming down the road…this is still true today. This is good news for us but it doesn't mean it's going to happen next Friday. Here's the most important thing…the idea going around is that it's getting harder and harder to get dinar out of Iraq. The reason it's getting harder and harder is cause they reduced the note count. This is a big deal. You will always be able to get it but it's getting tougher and tougher. [Post 1 of 2 stay tuned for the rest of the story]
2-27-2015 Newshound Guru Shredd FATCA...this Act focuses on US-based investors having foreign accounts and accurately paying taxes on them. Iraq officially looking to join Foreign Account Tax Compliance Act. what people need to understand is in many ways, investment couldn't have happened prior to this because the compliance and protections were not in place. It's a big deal and fits perfectly with how Iraq has been paving the way for US investors to be able to invest in iraqi-originated debt. This means when the dinar is stronger and investors want to get into the iraqi market, they'll be able to. This is part of the horse before the cart!
2-27-2015 Newshound Guru Millionday HERE IS A GREAT ANNOUNCEMENT... Quote: "Under the auspices of the Iraqi government of national reconciliation .. (Baghdad Declaration) .. Location: Baghdad (House of Representatives - House of the People) When: Month February 2015..." ACCORDING TO THIS -- THE NATIONAL RECONCILIATION DECLARATION WILL BE WITHIN THIS MONTH -- WOW...THAT IS HUGE AND WITH ALL WE ARE SEEING AS WELL WITH THE MONTH OF MARCH BEGINNING -- HOLD ON TO YOUR HAT.
2-27-2015 Intel Guru TD Discussions with my Kurdish friend (as always treat as rumor and please due your own sound diligence) . The old 50 notes are being exchanged due to wear and tear and to have better security enhancements with the new notes. Citizens inside the country will have 60 days to exchange them. What about the 50 notes outside the country? Well .... Try selling them back or try exchanging those and you'll find out the answer. The deletion of the zeros program has now been given an extra year to start and complete. It was originally to be a 4 year program and due to the need to still achieve security, stability and rollout the banking and capital investment initiatives it will now be delayed an extra year. The program was to initiate later this year but now won't be till 2016. The major goal of crushing ISIS, retaking cities like Mosul, Anbar province, etc. is THE top agenda item this summer and fall with then gluing the national banking system and attracting foreign capital investments in the 4th quarter of this year. ALL is based on progress and conditions on the ground.
2-27-2015 Newshound Guru Chattels [if kurds got paid does that mean HCL is in effect?] it means that there has been part performance on the temporary HCL agreement from december which is incorporated into the 2015 budget.
2-27-2015 Newshound Guru Millionday [THEY DIDNT ANNOUNCE THAT I RECALL, PRINTING NEW 50 DINAR NOTES. DO YOU RECALL THAT THEY ARE?] THAT IS ALREADY DONE...PER REPORTS WE HAD SOME TIME AGO. [were you excited and happy to hear about the 50 notes being called in?] YES I WAS -- IT IS THE BEGINNING OF THE REDENOMINATION AND RELEASE OF THE NEW SERIES TO THE IRAQI CITIZENS AND THE VERY LOW ONE -- SMILE. [post 2 of 2]
2-27-2015 Newshound Guru Millionday CBI IS PULLING THE 50 DINAR FROM THE STREETS OF IRAQ RIGHT NOW AND WILL BEGIN ON MARCH 1ST AND END APRIL 30TH. THESE NOTES WERE ISSUED AFTER THE 2003 ECONOMIC CHANGES THAT OCCURRED -- HOWEVER AT THAT TIME IN THIS SERIES THEY WERE NOT VERY USABLE DUE TO THE REFLECTED PRICING THAT OCCURRED WITH THE IMPOSED RATE -- SO THE NEW SERIES WILL BE PUT ON THE STREET IN THIS CATEGORY. [is this in country and outside too? All?] THIS IS RELEASED TO THE CITIZENS SO THAT THE 50 DENOMINATION CAN BE EXCHANGED TO BE THE NEW SERIES AT THIS TIME -- NO REGULATIONS HAVE BEEN RELEASED YET IN INK TO TELL CITIZENS OR INVESTORS OUTSIDE THE COUNTRY OF ANY NEW REGULATIONS FOR THE BILL OR WHAT TO DO WITH THEM ETC. THERE ARE IRAQIS OUTSIDE THE COUNTRY AND PEOPLE THAT HAVE 50`S OUTSIDE OF IRAQ...WE WOULD EXPECT SOME REGULATION RELEASED FOR THAT -- WE HAVE TO WAIT AND SEE. [post 1 of 2....stay tuned]
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