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Official Central Bank of Iraq (CBI) Dinar Rate:
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7-23-2017 Newshound/Intel Guru Mnt Goat in the past all the news was about fighting ISIS. Now we see a complete turnaround. This is itself tells us that the remaining terrorists are not of our concern. All the news is about the economy and most of it is from the Central Bank of Iraq (CBI). The CBI is priming the pump for something in the near future. Who are all these articles intended for?
In the order of priority:
· GOI (to keep the Govt of Iraq informed of its actions)
· Future Investors (to communicate to the world that Iraq has changed)
· Citizens (popular crowd) (to inform then of the country’s monetary policies and progress)
· Foreign speculators (yes – this is us...)
7-22-2017 Newshound Guru MilitiaMan ...in recent past...our friend indicated that the 21st was to be the beginning if you will of what is in my opinion a new rate to be reflected in the citizens pay seen by the last Friday of the month. Things will have to have been in place prior to the purchasing power they'll receive, cha Ching cha Ching!
7-22-2017 Intel Guru RayRen98 Had reports that airports are no longer exchanging at the airport kiosks and referring people to banks. Why did they stop? Told they received instructions. Where did the instructions come from? Told they got it from the International Currency Exchange, ICE. Guess they have something to do with the currency exchange kiosks. Appears they have some kind of controlling authority. And why did they do that? We learned it was due to a large volume of exchange activity they are doing...expecting, so they are referring people to banks. CURRENT WINDOW: I'm still okay with tomorrow, Monday.
7-22-2017 Newshound Guru mike [ I can't believe some didn't see that Mosul was a big obstacle that had to be overcome...and that it was a "key" point.] I'm one of those guys who don't think it was an obstacle. Obviously, having your second largest city occupied by terrorists isn't ideal, but the terrorists are still in Iraq. Nothing will happen with the economy until they get off the socialist agenda and open up the economy, there are no shortcuts. The GOI, Keywords and anyone else can say whatever platitudes sound nice, they still need the freedom of movement of capital, get control of the growing spread between the market and street rates, deposit insurance, economic laws and the list goes on. None of these issues have been addressed and corrected yet. Mosul doesn't address any of that. Pass the laws that enable foreign investment and things will change.
7-22-2017 Newshound/Intel Guru Mnt Goat Article: "Central bank sales rise in foreign currency auction" I am never concerned about looking at the sales from the currency auctions as any indicator of an RV. ...The currency auctions are all about the Chapter VII sanctions. The merchants need US dollars to pay for imports of goods, services and labor. ...Iraq is still operating under a closed economy they can not yet use their dinar outside of the country. When this last part of the sanctions are lifted they will be able to use dinar all over the world, trade dinar, pay in dinar and it will be listed on the global currency exchanges. This is what we wait for.
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7-21-2017 Intel Guru RayRen98 Iraqi TV is broadcasting the governor of the CBI stating that victory regarding the economic reforms throughout all of Iraq will be in the next few days. (Woo Hoo!) He also reportedly stated that the IMF support would cease if this completion did not actually happen. (Woo Hoo again!) Citizens in specific areas can not confirm release of lower denoms, they are saying the supplementary budget must be passed. PM Abadi is projecting passing of the budget by the end of the month, however, Parliament is supposed to have it on the agenda tomorrow for consideration and disposition. It is anticipated that once the vote is passed, the lower denoms and a revalued rate should appear. (Woo Hoo a 3rd time!)
7-21-2017 Intel/Newshound Guru tman23 [Didn't I read where the 000 notes would be accepted for 10 years?] IMO...to keep this idea that it will be in market for 10 years is irresponsible.. ...if the 3 zero notes have a large value it will be for a very short time period...Anyone who wants to wait for 85 cents to a dinar grow to $3 and a 3 zero note become worth say 75k...Best of luck to you... [Also, haven't they been removing 000 notes for a long time...a "Project" ...thereby reducing the money supply gradually.] IMO...the money count in circulation is around 18 trillion...Thus why they are saying they can cover it 3 times with the 50 billion in reserves. [what are you saying no RV?] No, I am not saying no RV...MY stance and point remains the same...A some point they are going to introduce the new currency and lift the 3 zeros...the speculation remains on how the 3 zero notes will be treated at the exchange window... [post 2 of 2]
7-21-2017 Intel/Newshound Guru tman23 ...the new currency will be an introduction to something more important...LIFTING THE 3 ZEROS...And I was oh so hoping to see a campaign on the intro to the new currency going into the 15th...They just can't put it out on the street without education on security features and value...THE FLOAT THEORY WORKS ON THE NEW CURRENCY BUT ON 3 ZERO NOTES EVERY PENNY WIPES HUGE RESERVES FROM THE CBI...we need signs and an intro of the new currency first. [post 1 of 2....stay tuned]
7-21-2017 Newshound Guru MilitiaMan Article: "Iraqi Parliament: Law "National Oil" below the level of ambition" Looks like one helluva Trigger Article? Hydro Carbon and the Citizens get paid? Third reading is to Pass Go into the Gazzette and collect your 95% E-Dinar / 5% cash Dinar to the citizens or lower Denoms if you will, ATMs to start flashing green early or at least on time of the approximate two week time line suggested...If my thinking is on, they will activate the pay scale accordingly...on the 21st of July for disbursement on the 28th of July, that would have had to be calculated on the 21st, am I wrong? I don't think so.
7-21-2017 Intel Guru Bruce ...we do know Iraqi citizens’ have been issued new Qi cards and these cards are cards to be used to pay the profits in a profit sharing point of view from oil and natural gas from Iraq. Those cards have been issued and supposed to be activated by midnight tonight [Thursday]. My understanding is they should have available funds on them tomorrow [Friday]... We also believe they will be able to determine the actual rate of the dinar is compared to the dollar, and they should know that tomorrow [Friday] sometime. For that to occur, Iraq would need to have a new rate to use these cards internationally as Master Cards to be used all over the world. They are trading the rates up so when this is revealed to us, it is a very high rate for the currencies we are interested in. What we don’t know is the when. Let us hold fast to the promise it is coming to us and knowing behind the scenes things are happening. I am positive as I ever have been. The timing is right here. [post 2 of 2]
7-21-2017 Intel Guru Bruce Iraq...As far as we know they have done everything they needed to do. They had an addendum to the budget for 2017, 2018, 2019, and 2020 as far as oil prices per barrel. They are planning to make that addendum to the budget available, but it is not yet out. Maybe it will come out tomorrow [Friday]. It has been discussed. Based on the prices of oil per barrel, and other factors in that budget, the addendum will determine the rate of the Iraqi Dinar is. They are getting ready to make that available. They have a new CBI site that will show that rate, and a new IMF office in Bagdad. They are getting ready. There is a whole new banking system in Iraq essentially ready to go. Right now as it is we really don’t have a true international rate out yet. However... [post 1 of 2....stay tuned]
7-21-2017 Intel/Newshound Guru Backdoc YES, SOMETHING BIG HAS TO HAPPEN SOON BEFORE WE CAN ENTER THE GLOBAL NEW REALITY. TIME IS RUNNING OUT SINCE WE APPROACH A NEW FISCAL YEAR ON OCTOBER 1ST. ALL NEEDS TO BE IN PLACE LONG BEFORE THAT. ALTHOUGH COUNTRIES HAVE BEEN USING DIGITAL CURRENCIES AT THE COUNTRY TO COUNTRY LEVEL FOR ABOUT 3 YEARS, IT IS HAS ONLY BEEN RECENTLY THAT WE SEE ALL COUNTRIES PREPARED TO COMPLETELY SHIFT TO THE GLOBAL NEW REALITY. AS WE LEAVE THIS U.S. FISCAL YEAR, THE CONCEPT OF VALUE IS ABOUT TO CHANGE. REMEMBER WHAT DOLLAR CONNECTED TO THE DIGITAL DINAR IN FEBRUARY. I WILL LEAVE YOU NOW TO THINK ABOUT WHAT THAT MEANS. WHEN THIS EVENT OCCURS, WHAT WE HAVE ALL BEEN WAITING FOR WILL HAPPEN VERY, VERY, VERY QUICKLY. ALSO ASK YOURSELF WHY BLACK GOLD IS BEING USED AS A CURRENCY AS WELL AS YELLOW GOLD NOW? [IMO] [post 4 of 4]
7-21-2017 Intel/Newshound Guru Backdoc SELLING BONDS IN DOLLARS IS HUGE BECAUSE IT IS THE DIGITAL DOLLAR BONDS THEY WILL SELL. THESE WILL BE THE ASSET-BACKED DOLLAR BONDS. REMEMBER WHAT HAPPENED ON FEBRUARY 8, 2017? RIGHT! THE ASSET-BACKED DINAR FULLY CONNECTED TO THE ASSET-BACKED DIGITAL DOLLAR. ACCORDING TO THE IMF WHITE PAPERS CONCERNING DIGITAL CURRENCIES, THEY CLEARLY INDICATE THAT ASSET BACKED DIGITAL CURRENCIES CAN ONLY FREELY EXCHANGE WITH ANOTHER ASSET BACKED DIGITAL CURRENCY. NON-ASSET BACKED CURRENCIES MUST BE CONVERTED TO BE EXCHANGED. THIS IS A VERY SIGNIFICANT ISSUE! I WILL LEAVE THAT SENSITIVE ISSUE ALONE. [post 3 of 4....stay tuned]
7-21-2017 Intel/Newshound Guru Backdoc SOMETIME BETWEEN THE 28TH AND MAY 15TH IRAQ DROPPED THEIR FIRST ZERO AND WENT INTERNATIONAL COUNTRY TO COUNTRY. I BELIEVE IT WAS THE 11TH. THEN ON SUNDAY JUNE 11TH, IRAQ DROPPED THEIR SECOND ZERO. WE SAW THE ARTICLE THAT VALIDATES THIS. IT WAS IMPLEMENTED ON THE 12TH... OF COURSE, THE THIRD ZERO WAS DROPPED AROUND JULY 11TH, IMO. THEY USED CONTRACTS COUNTRY TO COUNTRY TO RAISE THE VALUE OF THEIR CURRENCY. THOSE CONTRACTS WENT FROM THE 10TH TO THE 15TH OF EACH MONTH. ON MAY 15TH THEY WENT INTERNATIONAL AT THE COUNTRY TO COUNTRY LEVEL. THESE ZEROS TO HEROS HAVE ALL HAPPENED SINCE APRIL 21ST. TOMORROW [Friday] WILL CONCLUDE AN AMAZING QUARTER OF IMF REQUIREMENTS. [post 2 of 4....stay tuned]
7-21-2017 Intel/Newshound Guru Backdoc SOMETHING HUGE HAS TO HAPPEN PRIOR TO THE PUBLIC VIEWING. THE VERY CONCEPT OF VALUE IS SOON TO BE RE-DETERMINED. THE UNIVERSAL CURRENCY, BLACK GOLD, IS BEING USED FOR SETTLING DEBT WITH THE UNITED STATES, NOT PETRO DOLLARS. MMMMM. RUSSIA IS SETTLING DEBTS IN THE YELLOW METAL. YES, TOMORROW BRINGS US TO A 90 DAY WINDOW FROM THE DAY WE ALL REMEMBER ON APRIL 21ST WHEN THE TWO SHIA BROTHERS [Iraq and Iran] MET IN D.C. WITH THE IMF AND WB. WE KNEW THEN, THAT THE SHIA BROTHERS WERE GIVEN A RATE TO START WITH BY THE IMF. A COUPLE DAYS LATER, IRAQ RECEIVED A DEMAND LETTER TO RV THEIR CURRENCY, WHICH THEY DID ON THE 28TH. [post 1 of 4....stay tuned]