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Official Central Bank of Iraq (CBI) Dinar Rate:
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3-7-2014 Newshound Guru Med [will we see the revalue this year?] IF THEY WERE TO DO SO IT WOULD BE 4TH QTR OR LATE 3RD BUT IT IS DEPENDENT ON SEVERAL CHANGES. ONE IS PARLIAMENT AND TWO IS PRIME MINISTER. BUT POWER HAS TO BE TAKEN AWAY FROM THE CURRENT MAJORITY... I THINK THAT SERIOUS MOVEMENT FOR A FREE MARKET ECONOMY HAS TO BE DISCUSSED BUT REMEMBER THIS ALSO MEANS THAT THE GOVT CONTROLLED OIL INDUSTRY HAS TO BE GIVEN UP AND MOST OF THE REVENUES RIGHT NOW GO TO SUPPORT THAT MASSIVE OVER STAFFED GOVT...
3-6-2014 Intel Guru Bluwolf No bank source knows what is happening behind close doors, what is to occur and when. They know its suppose to be here by now, we are suppose to be moving along with our monies already secure...we are waiting for our 800#... everything talked about in the plan is still in play... Thats where we are at just about now, we are just waiting for that darn phone call.
3-6-2014 Intel Guru TerryK I GOTTA A FEELING...I THINK IT'S CALLED, A CHANGE IN VALUES COMING OUR WAY. WELL I'M BEING TOLD TO WATCH HARD TONIGHT. KEEP IN MIND WHAT I BRING IS GOV SPECULATION, RUMOR. SOURCES ARE SAYING THAT THIS IS AND COULD BE OUR NIGHT...
3-6-2014 Newshound Guru Aggiedad77 Article: "Maliki: We will act even if the budget did not recognize .. I call to suspend the parliamentary sessions!" Najafi you have made the big boss mad by not having the budget on the agenda yesterday as he asked you to do...what is the result...he's taking control of 2014 budget money and is going to start project implementation...he has the unanimous support of the COM in doing this and believes it is constitutionally legal...at the same time he is calling for an indefinite boycotting of Parliament...he points a finger directly at Najafi and blames him and others for conspiring to make the state fail...Maliki is pulling out all stops in his attempt to smear Najafi before the elections...attempting to turn the entire Parliament against him...Najafi wants the nomination for President of the Republic a position now held by Kurd Talabani.
3-6-2014 Newshound Guru wmawhite I used to get excited over intel/rumors ...not any more...today, I am happy and take comfort knowing that this is nearing its end because they, Iraq, CBI/GOI are telling us so. a couple of weeks ago when the CBI announced it's move into an Open Market Operation in conformance with the IMF...this investment, IMO, moved from speculation (IMO) into a much more conventional investment believing that the CBI/GOI are now going to do exactly what we as investors have always believed it would do. [post 2 of 2]
3-6-2014 Newshound Guru wmawhite we need to remember that it is the CBI that will change the value of the IQD...not Parliament. Iraq has more gold as reserves than most countries do...some estimated at over $80 billion, plus $84 billion in cash reserves...the bottom line is that their true value of the IQD is NOT 1166. They are prepared to change that now and they have told so too. [post 1 of 2....stay tuned]
3-6-2014 Newshound Guru Kaperoni Article: "Is the process will delete the zeros of the Iraqi currency to stop rigged?!" All I can say is WOW! This is exactly what Dr. Bakri said in his report...This article is correct that changing the currency in itself does not raise the value, but as the IMF stated "Balassa-Samuelson effect" meaning as the economy grows so does the exchange rate...in other words its a float! and it will rise based on supply and demand. And we know the new smaller bills could or would not be in circulation until the exchange rate rises. Quote: "the process of deletion of zeros will be provided by the new currency," In other words, the transition from larger notes to smaller notes "deletes the zeros" and its not a LOP.
3-6-2014 Newshound Guru Millionday they are making sure they are set to move forward with the banking reform finally and that will include the monetary policy. the fact that they are ready for the banks to hit the stock market and the banking to expand to foreign needs and also the growth for the country -- is the best as far as we are concerned -- huge and the timing is great!! (post 2 of 2)
3-6-2014 Newshound Guru Millionday Article quote: "The banks have a significant role in the next phase of Baghdad - the joy of pumice when expanding the limits of development increases the need for a bank more sophisticated and broader service center..." they are talking about the growth to come in the use of banks and the services -- this is time to activate the banking reform -- which can not be done without --- THE REALITY RATE. (post 1 of 2....stay tuned)
3-6-2014 Intel Guru TerryK [...do you think the delay for the RV is in Iraq or in USA?] USA. [So everything is complete and done in Iraq?] WHAT I HAVE BEEN TOLD YES. WHERE THIS IS STILL AT IS BETWEEN THE UN AND IMF AND THE USA...UST IS THE USA SIDE. THE UN AND IMF ARE SITTING HARD ON NOT GIVING INTO THE USA / UST UNTIL THE USA RELEASES HOLD OF VOTES TO CONTROL WORLD ACTIVITIES. WHAT I GOT THIS AM CALL IS TODAY LOOKS STRONG. 8.16 IS WHAT I HAVE BEEN TOLD. [any word on the rumour mill about the Dong at 6.05 sounds outrageous to me?] MY SOURCE IN COUNTRY IS TELLING ME THEY ARE HOPING TO HIT 2.22 BUT TO BE HONEST CANT SEE IT MORE THAN .25 COMING OUT AND FREE FLOAT.
3-6-2014 Newshound Guru Enorrste Article: "Is the process will delete the zeros of the Iraqi currency to stop rigged?!" this article is a confirmation that we are on the right track. There will be a beginning of a free float THIS YEAR, followed by a GRADUAL RISE IN THE VALUE OF THE DINAR which will lead to a GRADUAL REMOVAL OF THE LARGE NOTES as the value of the dinar rises. Our journey is about to bear its fruit, assuming nothing ELSE comes along to derail it!
3-6-2014 Newshound Guru Stryker Article: "Is the process will delete the zeros of the Iraqi currency to stop rigged?!" Quote: "memory that the currencies of existing and new will work at the same time without reducing the value of any of them until the full absorption currency Current" This IMO, says that all the currencies will have the same value and neither will be reduced according to this quote. Meaning each dinar no matter old or new will have the same value, example: Each dinar in a 25,000 dinar note will have the same value as the new 25 dinar note, IF each dinar is equal to $1 USD then the new 25 dinar note will be worth $25.00 USD and the 25,000 dinar note will be worth $25,000 USD.
3-6-2014 Newshound Guru Kaperoni The important thing to remember is they need to put all the pieces in place for the market economy before they begin to raise the value. Based on many comments, the value will be market driven...so they do not want to screw it up and have the currency fail. We need to be patient.
3-6-2014 Newshound/Intel Guru BGG 2) Key phrase…"while the value of foreign remittances 134 000 722 thousand dollars and the exchange rate was 1187 dinars per dollar…” – clearly makes the point there were “foreign remittances” – meaning NOT DINAR being remitted to the CBI…using the USD value as a baseline… FOR DINAR. [post 2 of 2]
3-6-2014 Newshound/Intel Guru BGG Article: "CBI records 163 million dollars in sales today" This is a couple of days old…I reposted it to make a couple of points…Recently they have been recording record lows…with 97,000,000 being the lowest in years.1) Key phrase…"He added that the bulletin showed that the number of banks participating in the auction today of 17 banks did not make any of them offers to sell the dollar.” <<< This implies the CBI DID NOT SELL any of the 17 banks USD…meaning they were selling them IQD ONLY. [post 1 of 2....stay tuned]
3-6-2014 Newshound Guru Millionday [...what...about no WTO ascension for ten years?] i have to say that the lack of active membership for 10 years is not what i think at all -- i can not imagine with all of the growth they have planned and the 5 year plan in place that they would not be active for ten years. we are in a very good spot and the news gets better everyday -- i am excited about where we are and see us not waiting much longer due to the plans they have set for the country and for the globe as well. [...CBI can revalue the currency at any time to move to a market economy.] i agree -- at anytime and it is one of the CBI steps and they are in the middle of getting them done one at a time -- so one of them is what we are looking for -- the change in the rate.
Below are the latest guru updates from late last night and yesterday...be sure to check them out before you leave...
3-5-2014 Newshound Guru Adam Montana [any good news on when we might see the budget and HCL implemented and done?] There has been a lot of talk lately on BOTH of those issues, so I think things are looking good for us! [I have read that the elections will be post-poned.. How will that effect us and will Maliki still control everything?] I am more surprised when things are NOT delayed in Iraq! At the end of the day, it's still the CBI that's in charge of the exchange rate. I'm pretty sure Maliki isn't going to be voted out soon, so a delay in the elections won't matter much. [How does Iraq's WTO accession or lack thereof affect the RV?] I don't think it makes any difference at all. The CBI controls the rate, not the WTO. If the CBI says they are paying $1 USD per 1 IQD, the WTO can't stop them or force them to change a rate.
3-5-2014 Intel Guru TD The buzzword of severe letdown was the WTO ascension being put off AT LEAST ONE YEAR, MOST LIKELY TWO. Further negotiations of this are DOA till 2015 or beyond. According to my source it even now seems unlikely for RI, RD to be put into effect till a new government forms this summer. Maliki as it stands now will not win re-election as support from various factions is dismal. IF MALIKI STEALS AWAY ELECTIONS LOOK FOR A CIVIL WAR TO ERUPT IS THE MESSAGE OF GRAVEST CONCERN RIGHT NOW! [post 2 of 2]
3-5-2013 Intel Guru TD I am still in touch with my contact although I am not an active Investor anymore. I was able to find out a few items of interest...: Maliki is under heavy pressure from ALL SIDES and time quickly running out before elections. Struggles with insurgents continues. The government financial balance sheet is in crisis mode with no help from Parliamentary members. Parliament is even more divided than even our US Congress & MOST will not act on anything to help the Maliki administration. [post 1 of 2....stay tuned]
3-5-2014 Intel Guru TNT Tony The call centers & currency exchange centers are manned and lunch is to be brought in to them and phones have to be left in their cars so they cannot contact anyone. The 800#'s have been released to the banks and some individuals have them too, but can't give them out yet until it's public knowledge. Other things are happening...it's not just the GCR/RV. It has to do a lot to do with our future as a nation that is causing part of the delay. There is a rumor saying China is going to pull out. They have set a deadline...drew a line in the sand & we're very close to it. I am hoping for the RV...It could happen in the next 10 mins, 10 hours or next 24 hours. I know rate or what they said it would be. [Are double digit rates still possible?] Yes, they are still possible. [post 2 of 2]
3-5-2014 Intel Guru TNT Tony Everything is signed off, Iraq, Maliki and the UST have done all they are supposed to do. Everyone is just waiting for a certain time, but they are excited and saying that IT IS OVER AND DONE. We know it’s not actually over and done until I am walking out of the bank. The GCR is supposed to be announced today, and that cannot happen without the RV happening. We are hearing things have been on TV, CNBC, a ticker tape at the bottom saying that China signed off on the VND and the rate it is to come out at is $6.05...that is the high rate. It may not open up at that rate & may not stay there long. [post 1 of 2....stay tuned]
3-5-2014 Intel Guru Bluwolf Just because someone said the Chinese pulled out does not make it true...this is business and they are stronger then ever. They haven't gone anywhere, they still have there headquarters in the US, everything is running like its suppose to... Things expected (rv, gcr...) are in swift movement with no delays, rates are still attractive and deemed high...The Global Reset is now on its arise, it is in the air and being fitted into place by those in the know. ...this rv situation now is imminent and that all shall transpire strictly as planned.
3-5-2014 Intel Guru TerryK [DID M (MALIKI ?) SAY THAT HE WAS GOING TO APPROVE THE CHANGE IN THE RATE WITH OUT BUDGET APPROVAL?] HEARING THIS AS A RUMOR. [How many of your sources think by Thursday vs within 2 weeks?] 4 OF THEM.
3-5-2014 Intel Guru SteveI I am confident just from the facts that we are so very close to having this investment payoff sooner rather than later. According to Ray's [Guru Ray] sources, we should see the budget getting voted on this week. Many of you keep saying...that the budget has nothing to do with a change in the Iraqi currency..believe what you want. I base my beliefs on facts only. It is what it is and the facts point to a change very soon.
3-5-2014 Intel Guru Frank26 [via Anonymous] all the articles this week show they are running out of time, and all the procedures steps they are doing will collapse down into one big step which is the release of the new rate!
3-5-2014 Newshound Guru Millionday Article quote: "The federal budget is not just like any other laws they represent the backbone of the life and durability of the Iraqi state in the facilities of life all..." they are obviously announcing that the budget is the open window to the world...we should see the budget in the very near future...i have to say that all of the timelines they have stated that are within the month -- i am very encouraged.
3-5-2014 Newshound Guru Kaperoni [So that said it could be a long wait on an RV.] it is not in their interest to wait, and it would be of no benefit toward the plan for Iraq to continue to wait. [Even if it is true that Iraq is not ready to join the WTO that in itself does not mean they won't RV their currency soon. One is not necessarily tied to the other.] that is correct. There was a real good statement made on TV last week...it sums up Iraq's positions with the currency. "A group of parliament members renewed their call to the central bank to start serious preparation for the deletion of zeros project; any further delays will harm the entire economy and progress Iraq is witnessing." So there u have it, any further delays will harm what they have worked so hard for.
3-5-2014 Newshound Guru Kaperoni they were 95% dependent on oil and that apparently was reduced to 94% as of late, yet they just increased output significantly to 3.4 mbpd. they have no chance of WTO accession. it was stated directly from the WTO last year 4 key issues with Iraq and the most significant one is that they would not qualify for WTO accession until they reduced the dependence on oil to below 80% I think and that was confirmed yesterday with a long article that came out that discusses those meetings with the WTO stating it would not be good for Iraq to proceed. it even said it would be at least 10 years before they are ready. Here is a quote from that article: "that enter Iraq for the organization will not be in his favor and in any case for at least the next ten years, as it will fly massive damage to Iraq".
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