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10-24-2014 Intel Guru Frank26 Yes we seek to see if the ISX comes back online Sunday...Or not...Then also to see if they have a new rate. But You MUST remember...The ISX has NOTHING to do with the raising of the dinar's value. ONLY the CBI. Even if no rate Sunday...REALIZE that the ISX is now ALSO among a list of prepared and readiness for an increase in the IQD value.
10-24-2014 Intel Guru Tony [via Adept1] Iraq is saying that there IS stability...With all the new contracts with over 80 countries and people coming into Iraq, they...want to see the money so that they can be secure as well. They cannot get started until there is money paid over. They need to know that the money will not be held up again. The contracts need to be paid out starting on Monday. These are entire billion-dinar value contracts, all in dinar. They said it should go last night and then we were put on alert this morning. I don’t see it going past mid-November. What’s holding it up has nothing to do with the RV itself...these delays are costing Iraq and its people! It’s been a great week. We are hearing the contracts will be paid...in revalued currency and that the RV will go prior to that. I am excited, somewhat – we’ve heard all this before.
10-24-2014 Intel Guru DC [via Adept1] In Iraq, Parliament has been successful in moving many pieces of legislation over the past few weeks... the 2014 and 2015 budget have been done and published in the Gazette, with the 2015 being polished up this weekend. Abadi took a road trip, and many senior ministers spent the past week flying to Iran, the US, Japan, China, and Turkey, shoring up military support against ISIL. The US helped, but Iraq is standing on their own, putting deals together. In many capitals, the discussion included “when are you getting the RV done?” and they have agreed to a timeline in the next couple of days. Iraq is saying they are just waiting on the perfect timing. There are more celebrations scheduled in Iraq on Saturday, and there is a lot of pressure to get this done...Bottom line: everything looks really good. Parliament has made tremendous strides. The 2014 Budget is done and published and 2015’s will follow this weekend. Celebrations have been planned for this weekend for the New Year AND the RV.
10-24-2014 Intel/Newshound Guru Poppy3 [ I would think if Kawait is at $3.58 or so, Iraq would be the same or higher at some point.] YEP CLOSE TO KUWAIT, AT SOME POINT WILL BE HIGHER.
10-24-2014 Newshound Guru Brietling …The info I got is that it can go all the way up to $3. But they can do whatever they want. They are going to come out with a new currency that doesn't have the 3 zeros on it. Does that mean we will not make any money…no, they said they would coexist for 3 years. If they had no intention revaluing the currency there would be NO REASON AT ALL to reduce the note count…they could just do what they did the first time and retired the Saddam currency. What did they do? They said they're retired, you've got 6 month to exchange and that's it. They are not doing that are they? No, they are lowing the note count. [Post 3 of 3]
10-24-2014 Newshound/Intel Guru BGG the article...yesterday states "...the deletion of zeros from the Iraqi currency will be working by next year..." for that to happen - as in... "...by next year..." they need a rate BEFORE NEXT YEAR - as in sometime soon - or THIS YEAR...and since this is late OCT - that leaves a very short window for them to get this project started. [ I had thought the deletion of the 3 zeros could be the same as an RV, but I guess they are separate?] Same - same - the deletion of the zero's is the whole project of "buying back" the notes... they have to have a rate to start things off.
10-24-2014 Newshound Guru Brietling If you look at how they got rid of the Saddam Hussain currency (or Swiss Dinar)…they simply said they were going to retire the notes and it took them 6 months. Is that what they said they are going to do [here]? No…that's the first clue. #2 is How are they going to add value to the currency? It's a liquidity problem…there were 9 Billion notes and 30 Trillion Dinar…the CBI kept stating one of these days we are going to lower the note count and guess what they did? Started lowing the note count…It went from 9 Billion notes to 6 billion notes to 4 billion notes and everyone understands the trend…that's how we know the currency you and I have is ripe for a reevaluation and it's going to grow percentage wise with the new currency coming out. [Post 2 of 3 Stay tuned for the rest of the story]
10-24-2014 Intel/Newshound Guru Poppy3 tiers...there are no tiers. WE ARE ALL EQUAL. RATES WILL ALL BE EQUAL EXCEPT FOR WHAT DEALS WILL BE NEGOTIATED AT THE TIME OF EXCHANGE. NO BANKS CAN MAKE DEALS TILL THE RATE IS LIVE AND INTERNATIONAL. ALL THIS GCR **** IS JUST THAT **** YES SOME CURRENCIES WILL ADJUST BUT ONLY A FEW AND THAT WILL TAKE TIME ...LEGARDE STATED SO HERSELF 6 MONTHS AGO. NO SUCH THING PERIOD. WHEN THIS HAPPENS FOR SURE WE ALL WILL KNOW WITHIN HOURS AND THERE WILL NOT BE SOME PRIVILEGED FEW THAT KNOWS BEFORE ANYONE ELSE.
10-24-2014 Newshound Guru Brietling The articles that are coming out are talking about deleting the zeros and adding value to the currency…This is exactly what the CBI has stated that they will have 2 co-existing currencies at the same time and they will both raise in value percentage wise at the same time (for about 3 years). That's not the RV we are looking for in that definition…it comes somewhere else. What makes the currency you and I hold important and what the clues we're looking at? [Post 1 of 3 stay tuned for the rest of the story]
10-24-2014 Intel Guru Mnt Goat This week I totally expected to hear some news that the currency reform project will be restarted and a tentative implementation completion date given to us. I believe we are on the verge of getting the final rollout of the RV possibly this coming week. From all the news I am hearing of the progress I do not believe they will go to mid November or even past October without a Revaluation or a Reinstatement happening of some kind to start the process. [post 3 of 3]
10-24-2014 Intel Guru Mnt Goat We can summarize most of the laws needed for stability and to enhance their government are in fact already completed. Some are just waiting in the wings for other laws to catch up and be implemented together. A lot of work has been done since September time frame but remember most of these laws were in fact already written and just never voted on and implemented. The USA is now forcing the issue... As far as the budget passing. I believe it has to occur very soon if not already to fund the war effort. There are also other laws too interconnected with the budget law since they are funded by it and the numbers have to be approved first by the laws then placed in the updated budget. It is hard to separate them. [post 2 of 3....stay tuned]
10-24-2014 Intel Guru Mnt Goat Iraqi progress is moving forward very rapidly now. So as venture investors (the PTB) they have decided to give Iraq a certain time table to conclude the formation of the new government, the necessary laws, many of which are in the list of the 27 reforms...Most of these laws have been with us over these last 4 years and we may recall them as the “Erbil Agreement”. It is now called the “Unity Agreement”. I am telling you this because this is part of the hold up. The key to pulling the trigger on this RV. Now that the government is fully formed and functional it needs these laws to move forward and operate under. It is because they have self imposed deadlines to complete these changes (laws). The farthest deadline is 90 days which brings us to mid November 2014. [post 1 of 3....stay tuned]
10-24-2014 Newshound Guru Mailman17 SINCE ABADI WAS NAMED PM...HE HAS DONE MORE TO UNIFY IRAQ THAN MALIKI EVER DID IN 8 YEARS. THEY HAVE WHAT WAS REQUIRED OF THEM...A UNIFIED COUNTRY. LET THIS UNFOLD ON ITS OWN. A 40 TRILLION DINAR M2 IS VERY QUESTIONABLE IN MY OPINION AS IRAQ BOOKS HAVE BEEN ALTERED MANY TIMES IN THE PAST. EVEN IF ITS CLOSE TO 40 TRILLION (WHICH I DOUBT) AGAIN REMEMBER REMOVAL OF WHATS LEFT ON THE STREETS IS THEIR ONLY CONCERN. NOT WHAT IS IN OTHER GOVTS HANDS OR OURS FOR THAT MATTER. OUTSIDE DINAR HAS AND ALWAYS WAS ACCOUNTED FOR AND IS NOT AN ISSUE. ARTICLES HAVE BEEN CONTRADICTING THEMSELVES LEFT AND RIGHT FOR THE LAST 2 WEEKS IF NOT LONGER REGARDING WHATS ACTUALLY HAPPENING IN IRAQ. MISINFORMATION WILL BE AT ITS PEAK RIGHT NOW...EXPECT MORE. AND I AM STILL LOOKING FOR THAT MYSTERIOUS NEW 10,000 DINAR NOTE THAT SOME SAY IS IN CIRCULATION. HMMM CBI WEBSITE SHOWS NOTHING. FOOD FOR THOUGHT...AS ALWAYS JMHO. [post 3 of 3]
10-24-2014 Newshound Guru Mailman17 ANYTHNG SHORT OF A DOLLAR DOES NOTHING IN RESPECT TO GIVING THE IRAQI PEOPLE PURCHASING POWER, NOT TO MENTION CONTRACTS ALREADY BEING SIGNED BY NUMEROUS COUNTRIES INCLUDING JAPAN AND FRANCE. AND IF...THEY MANAGE TO ACTUALLY GET THE ISX RUNNING ON THE 26TH TYING INTO NASDAQ, THEY SURE AS HELL AINT GONNA GO IN AT 1166, AND MOST LIKELY A FIXED RATE UNTIL THINGS SETTLE IN IS THEIR BEST OPTION. THE IRAQI PEOPLE HAVE BEEN USED TO THE VALUE OF THE U.S. DOLLAR TO MAKE PURCHASES IN THEIR COUNTRY AND I SEE NO REASON WHY THE DINAR WILL NOT BE THE SAME. IT HAS TO. THEY NEED TO HAVE FAITH IN THEIR CURRENCY. [post 2 of 3....stay tuned]
10-24-2014 Newshound Guru Mailman17 JUST HOW DO YOU PLAN TO IMPLEMENT REMOVING NOTES YOU HAVE ALREADY BEEN REMOVING OFF THE STREETS FOR THE LAST 3 YEARS? THIS PLAN HAS BEEN IN EFFECT FOR QUITE AWHILE ALREADY. THEY HAVE ONLY BEEN WORRIED ABOUT DINAR INSIDE IRAQ...NOT OUTSIDE...MOST LIKELY THEY HAVE IT AT A NUMBER (NOTE WISE) THEY ARE SATISFIED WITH. AND YES, TO ANYONE WHO HAS BEEN AROUND THIS AWHILE...THINK BACK WHEN SHABS OR THE CBI SAID THAT THE 3 ZEROES WILL COME OFF THE NOMINAL RATE. HE AND THE CBI ALSO SAID NUMEROUS TIMES THAT HIS PLAN FROM DAY ONE WAS TO HAVE THE DINAR ON PAR...WHICH IS CLOSE PLUS OR MINUS TO A 1-1 VALUE. NOW IF THEY WANT TO PUT A MANAGED FLOAT ON IT FROM THERE...FINE. LET IRAQS MARKET TAKE CONTROL OF THE VALUE OVER TIME. AND YES, IT MOST LIKELY WILL HIT THE 3 DOLLAR MARK DOWN THE ROAD. [post 1 of 3....stay tuned]
10-24-2014 Intel Gurus TNT Tony & DC [via Already Blessed] AWESOME NEWS...THE BUDGET WAS NOT ONLY COMPLETED BUT READ 3 TIMES AND VOTED ON AND OPENED!
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10-23-2014 Newshound Guru Enorrste ...an RV does not work..in the case of Iraq...An RV is a tremendous jolt to any economy. No one in authority (IMF, CBI, World Bank) is talking about a "one time change overnight" to, say, $3.50. The chaos that would develop inside of Iraq would be tremendous...we know this to be the case because they are still talking about a "banking law" that will adjust debts, down the road, when it gets to 1:1. Saleh indicated that this must happen on a January 1 in order to avoid chaos. Imagine if they tried that overnight at $3.50? There would be panic in the streets!
10-23-2014 Intel Guru TD As you all know the "deletion of the zeros" project has been of much news again this week and I've spent several days trying to get clarification from my Kurdish source. Here's his take on all this (remember treat all as rumor and strive to find your own sound conclusions): Their "HOPE" is to initiate the deletion of the zeros project within the next two years (all is contingent on progress and actions on the ground). After implementing the project their hope is that it will take an additional two years to remove all the 3 zero notes from circulation. In the near future the marketplace will have two coincidental notes existing. In other words a new 25 note and a 25K note will have the same value and exist simultaneously until all 25K notes are collected and retired. The Abadi administration (in due time) is in favor of the deletion of the zeros program and that it will strongly resemble the Turkish model of currency reform (a few years back)...Of course only time will tell.
10-23-2014 Newshound Guru My Ladies TO MOVE TO LOWER DENOMINATIONS WILL BE A MASSIVE UNDERTAKING, AND PROBABLY REQUIRE A FEW YEARS TO COMPLETE. BUT WHAT DOES ANY OF THIS HAVE TO DO WITH US AND THE REVALUING OF THE CURRENT EXCHANGE RATE? IN OUR OPINION NOTHING. THE FOREIGN EXCHANGE RATE OF THE DINAR TO THE DOLLAR IS WHAT AFFECTS US. AND RIGHT NOW WE ARE STILL ON THE TIME FRAME OF THE NEXT FEW DAYS. WE FEEL IN OUR OPINION THAT IF WE DO NOT SEE ISX COME BACK UP ON SUNDAY WE WILL SEE IT COME BACK UP INTERNATIONALLY SOON AFTER THAT. WE ALSO FEEL WE HAVE BEEN LOOKING FOR THE DATE IN THE WRONG PLACE. IN OUR OPINION THE IRAQI DINAR HAS MUCH TO DO WITH KUWAIT. [post 2 of 2]
10-23-2014 Newshound Guru My Ladies IF THE CENTRAL BANK SAYS WE ARE CHANGING VALUE AND DROPPING ZERO’S OR HOWEVER YOU PHRASE IT THAT IS AN ADMISSION OF CHANGE OF VALUE FOR THE DINAR RIGHT? WELL NO NO NO NO! WRONG! THAT IS NOT WHAT THEY ARE SAYING...THEY ARE TALKING ABOUT THE RESTRUCTURING OF THEIR CURRENCY NOT THE RE VALUING OF IT. WE FEEL THEY ARE TELLING US ABOUT ALL THE SAFE GUARDS THEY HAVE PUT IN PLACE RECENTLY WHICH GOES HAND IN HAND WITH THE NEW ANTI MONEY LAUNDERING LAWS THEY ARE WORKING ON AND THE SAFE GUARDS THEY PUTTING IN TO COMBAT COUNTERFEITING. [post 1 of 2....stay tuned]
10-23-2014 Newshound Guru Millionday THEY HAVE TO BE INTERNATIONAL RECOGNIZED AND BE A MARKET ECONOMY TO HAVE ALL THESE IMPORT/EXPORT CONTRACTS AND THE TRADE BEGINNING THAT WE ARE SEEING POP UP ALL OVER. YESTERDAY THEY SIGNED NEW TRADE AGREEMENTS WITH FRANCE AND TWO OTHER NATIONS -- JAPAN -- SO THIS REQUIRES INTERNATIONAL RECOGNITION.
10-23-2014 Intel/Newshound Guru tman23 Back in 2012 I we had a contact in Kurdistan that said the Kurds took down all the Iraq flags on all government buildings...He said there would not be an RV until Maliki was gone (which some of us didn't want to believe or buy into) and he said which I now find amazing...Nov 2014.
10-23-2014 Newshound Guru Enorrste Having said that, however, it is true that the "term" rededomination has occurred in many articles, including CBI ones, although not in IMF ones, as I recall. However, in every case I have shown that the "context" of those articles referred to a raise in the value of the dinar versus what we know as a "redenomination." Remember, Iraq is a very proud country and looks forward to the day when they will not only become a "donor nation" (Impossible with a redenomination) but also have one of the strongest currencies in the world (also impossible with a redenomination). [post 2 of 2]
10-23-2014 Newshound Guru Enorrste A redenomination has never been in the cards as far as the IMF is concerned, for Iraq. The IMF is on record that they have pushed Iraq to have a "stable currency", which Iraq has done for several years now. A redenomination is not a part of a "stable currency" phenomenon. In addition, the IMF is also on record which clearly speak of a gradual increase in the dinar value over time (i.e. float) and some have even talked in terms of moving to a "floating exchange rate regime" which KAP [Guru Kaperoni] has also posted in the past. No where has there ever been from either the CBI or the IMF any indication of a redenomination as we know it. [post 1 of 2....stay tuned]
10-23-2014 Intel Guru Bluwolf Today is the eve of the greatest money transactions in God's, man’s history...Looking forward to see you all happy within the following hours or days.
10-23-2014 Newshound Guru Millionday Article quote: "The Governor of the Central Bank and the Agency confirmed that the project to delete the zeros is ready technically and logistically and waiting for the right time to implement it," THIS IS SAYING THAT THE PROJECT OF REMOVING THE THREE ZEROS IS READY...CBI HAS BEEN IN CONSTANT MEETINGS WITH THE COMMISSION FOR THE LAST THREE DAYS ABOUT THE CURRENCY AND STATED THAT SOMETHING WOULD BE HAPPENING IN A COUPLE DAYS WITH EXCHANGES OF THE NEW BILLS OF SECURITY...SO DOES THAT MEAN ALL? WE DONT KNOW...I JUST DONT THINK THEY WORKED TO GET THIS DONE AS FAST AS THEY DID -- A COMPLETE GOI AND GIVE ANY MERIT TO THESE REPORTS OUT ABOUT THE REMOVAL OF THE THREE ZEROS... I THINK THAT THEY KNOW THAT THE COUNTRY IS READY AS REPORTED BY CBI FOR THEIR BANKING REFORM AND ALL REFORMS...
10-23-2014 Intel Guru Frank26 the X-screens of the ISX are being set up, linking them to international market and trading; article today states ‘Islamic banks in Iraq are about to begin a new phase openness on sophisticated banking products witnessed by international Islamic banking which included 75 countries around the world’; why now? Do we believe this is being done at a program rate of 1166? The Baghdad international fair is coming up soon, and more and more countries are coming to it, and heavily investing in Iraq; countries like Japan, Ukraine, France, etc; IMO, Iraq has qualified for article 8 and will become international again soon.
10-23-2014 Intel Guru TNT Tony The US is still showing at a dollar, because we are negotiating. Every other country shows it at more than three dollars. While that is the rate it shows right now, that does not mean it will come out that way. Even if it starts at a dollar, Iraq is being told in the media and mosques that they will be the richest in the region, and Kuwait has just raised their rate. You know it’s going to be within 20 cents of the Kuwaiti rate, so you know it’s going to go up at least that far! Even if for some reason it came out at a dollar, how many minutes do you think that would last in the market? My personal opinion is that it will go on Friday. There is nothing stopping the RV, it’s all these side deals. As soon as those are done, it could go any moment. Everything is place for this to happen right now! [post 2 of 2]
10-23-2014 Intel Guru TNT Tony [via Adept1] In Iraq, Parliament met yesterday and today, and everyone anticipated the RV hitting before then so they wouldn’t have to answer to Parliament. Everyone was on pins and needles expecting the RV on Monday afternoon. It didn’t happen. It had nothing to do with ministers, HCL, but other deals being worked in the background that have to do with Iraq, but not the RV. Iraq asked for 24-48 hours to finalize some agreements with other countries. It had nothing to do with the RV, but with security, fraud, money-laundering, etc. This could and should go at any moment. On Monday, they started putting out NEW 10,000 and 20,000 dinar notes. They have new designs with new security features, etc. These new notes do not affect our currency at all; we will still exchange at new rates, and a 25K note will still be worth 25,000 dinar. Those new notes are for in-country purposes ONLY, so everyone can relax on that issue. [post 1 of 2....stay tuned]
10-23-2014 Newshound Guru Adam Montana Once Iraq starts raising the value of their currency, they will want to get the extremely large notes out of circulation. We're seeing a lot of evidence that the currency will have the value raised, new currency of smaller denominations will be put into circulation at the same time, and eventually the larger 25,000 notes will no longer be used. One major item that says "no lop" is the rumors that the CBI is planning on releasing new notes soon. If they were going to "lop" next year, it wouldn't make sense to do this. [post 2 of 2] [Info about "lop" is located under the Start Here tab at the top of this page]
10-23-2014 Newshound Guru Adam Montana Delete the 0's...For those of you new to this venture, this might be one of the most confusing topics of all. To keep it simple: don't worry about these articles. They have been tossing around the topic for years, and the articles constantly contradict each other. Case in point: 1. Iraq to begin subtracting 0's next year 2. Economic Commission to delete zeros over next 5 years: Those two articles were published within 1 day of each other, yet they say two very different things... what's going on here? [post 1 of 2....stay tuned] [Info about "lop" is located under the Start Here tab at the top of this page]
10-23-2014 Newshound Gurus Bondlady & Shredd the CBI says 5 years to complete the process. I don't think it means 5 years to raise the value either. I think its meaning...and its only my opinion but itll take 5 yrs to get the rate back to either what it was before in Saddam times or to raise it higher than what it was before with the new economy growth in all things and not just oil. what's cool about this process is we will be able to see the dinar grow in value and not just hope for an overnight surprise RV so we all will be able to decide when we want to cash out which, by the way, will jump demand in our dinar right away. IMO this is how it'll go down I'm no economist or banker so I don't know for a fact...but soon it'll be a full economic power house and a force to be reckoned with, a currency reserve to be used throughout the world. [post 2 of 2]
10-23-2014 Newshound Gurus Bondlady & Shredd How could they bring out a even 1 to 1 with 40 trillion dinar in the streets an markets? they couldn't, they have to remove the majority of those 1st let the dinar dry up thats in circulation 1st and many trillion will be brought back to the CBI to be destroyed right off the bat and this will begin the process of the RAISING of the zeros off the currency. raising = removing! taking out of circulation. I think the process will be pretty quick at 1st but as in all things it'll slow down. [post 1 of 2....stay tuned]
10-22-2014 Newshound Guru Adam Montana ISIS is not making headway. They are still fighting for Kobane a week later, Baghdad is still secure, and although the airstrikes are mostly a pain in the rear for ISIS... I feel like they are wearing down. I do not see ISIS as being a deterrent to the RV at this time.
10-22-2014 Newshound Guru Millionday THE ISLAMIC BANKS HAVE ANNOUNCED THAT THEY ARE EXPANDING AS PLANNED ALL THE IRAQI BANKING OUT TO THE GLOBE AT ALL THEIR LOCATIONS -- THIS WILL REQUIRE EXCHANGE RATES. [So the HCL including the Article 140 is done, passed and voted on?] THEY HAVE STATED THAT THE HCL IS DONE.
10-22-2014 Newshound Guru Enorrste [via Guru Kaperoni] Article Quote: "Theory has it that exchange rate is something that evolves through development of the microeconomic fundamentals of the economy such as the rate of growth of the economy and its involvement in international trade." This is the situation in Iraq, exactly. They cannot RV and they cannot LOP. They must "develop" their economy in order to return to the pre-Saddam value. Iraq does not want a "nightmare".
10-22-2014 Intel/Newshound Guru Poppy3 ...NOT ONE OFFICIAL THAT HAS ANYTHING TO DO WITH A RATE HAS EVER MENTIONED A 1 TO 1 RATE SO I WILL NOT CONSIDER IT TILL I SEE IT. EVERY CBI OFFICIAL HAS ALWAYS STATED THEY WANT A FIXED RATE FOR 24 TO 36 MONTHS SO I HAVE NEVER CHANGED MY OUTLOOK.
10-22-2014 Intel Guru Frank26 ...it is NOW important for You to KNOW that... 1.Currency 2. GOI 3. CBI 4. Borders ...are LOADED WITH SECURITY!!! This security situation in the country is LINKED to THE MR!!!! (Monetary Reform). BECAUSE it is NOW established at a USA LEVEL and DADDY'S demands ...So now that there is stability in the security situation of these FOUR it will only accelerate the implementation of this LAVA FLOW project and return Iraq to the purchasing POWER VALUE of their currency within the country.
10-22-2014 Newshound/Intel Guru Arthur The current rate of 1166 is not the economic reality rate of Iraq, but is a post Sadaam era "program rate" used by the IMF after UN sanctions were imposed to monitor Iraq's rebuilding efforts and therefore was not caused or engendered by the economic reality or potential of the Iraqi economic outlook. So therefore just as there was no reverse Balaasa-Samuelson effect that caused a gradual decrease of the IQD exchange rate, but was engendered by a sudden action caused by the worsening political and economic reality of the Gulf War era, so we can expect a similar reverse action based on the current political and economic reality within Iraq. We are now awaiting the final sovereignty to be granted internationally based on the efficiency of the newly formed, fully inclusive GOI to ratify, open and fully implement a nationwide budget which will abruptly usher the new ReValued/ReInstated IQD on to the global scene. [post 2 of 2]
10-22-2014 Newshound/Intel Guru Arthur [reference Guru Kaperoni's post 10-22-2014] The so-called Balassa-Samuelson effect (BS) is an economic hypothesis that implies that countries with rapidly expanding economies should tend to have more rapidly appreciating exchange rates which...will naturally occur with Iraq's ongoing economic and political reform progression as it would any other emerging economy.... but has less than zero to do with the revaluation process of the Iraqi Dinar. To believe it did implies a total misunderstanding of the history of the IQD. In 1959 the IQD was pegged to the USD at the rate of 1 dinar = 2.8 dollars, and settled at US $3.22 where it remained until the Gulf War. [post 1 of 2....stay tuned]
10-22-2014 Intel/Newshound Guru Poppy3 the new RATE is very possible this week! several events that can trigger their actions to raise the rate for sure...NEW YEAR, ISX GOING ONLINE, ANNOUNCEMENTS, ISIS UNDER CONTROL. GUYS WE ARE IN A GREAT PLACE RIGHT NOW.
10-22-2014 Newshound Guru Millionday THEY WILL NOT LET US KNOW AHEAD OF TIME -- THAT WAS STATED BY SHABIBI -- IN FACT HE STATED THAT IT WILL JUST APPEAR. [So our first indication will be in Gazette before cbi?] OUR FIRST THING WILL BE THE HUGE ANNOUNCEMENT AND THE CHANGE IN ISX FOREX AND CBI AND EVERYTHING ALL AT ONCE -- NO ONE PLACE TO LOOK -- IT WILL BE ALL DONE AT ONCE. I HAVE NO IDEA WHAT THE RATE WILL BE BUT I DO KNOW THEY ARE AN OIL PRODUCING COUNTRY AND HISTORY SHOWS THAT THEY HAVE HAD A HIGHER VALUE THAN THE US IN FACT ALWAYS UNTIL SANCTIONS -- MANY PEOPLE HAVE A LOT TO SAY ABOUT THE RATE BUT THE THING IS -- NO ONE WILL KNOW UNTIL IT IS SET. [post 2 of 2]
10-22-2014 Newshound Guru Millionday ...CBI HAS BEEN CALLED TO PARLIAMENT AND PARLIAMENT HAS IN THE VERY RECENT PAST STATED THEY WANT CBI TO MOVE FORWARD NOW FOR IRAQ. THE ISLAMIC BANKS WHICH IRAQ BANKS ARE RUNNING UNDER ISLAMIC BANKING -- HAVE STATED THAT THEY ARE READY TO OPEN TO THE GLOBE IRAQ AND ITS BANKING WORLD. THAT WOULD OF COURSE INCLUDE THE REALITY OF THE IRAQI DINAR IN ORDER TO DO BANKING. IRAQ HAS STATED MORE THAN ONCE THAT THEY ARE EXPECTED TO CREATE A GLOBAL IMPACT...I BELIEVE THAT A REALITY RATE WILL BE SET AND WILL BE HELD AT A LOW 2% FLOAT AND WILL LATER BE ALLOWED TO GROW WITH THEIR MARKET -- THIS IS MY OPINION SO WE DONT KNOW UNTIL IT IS SET. [post 1 of 2....stay tuned]
10-22-2014 Newshound Guru Adam Montana Article Quote: "Office of the Prime Minister, Dr. Mahdi Keywords in an interview for " morning "about the government's determination to resolve the federal budget for the current year 2014 next week" The Budget is slated for next week... Lots of noise about this right now, and for good reason - after such a phenomenal start to Abadi's reign as PM, the budget has once again proven to be a tough one. However, I don't see this Budget being the same as previous ones. YES, it's taking longer than we wanted to get published, but there is a good chance that it's being delayed in order to coordinate with the HCL. If that's what is happening, we're all going to be VERY happy it was delayed a bit!
10-22-2014 Newshound Guru Kaperoni Article: "A parliamentary committee: Working delete zeros from the Iraqi currency begins next year to reduce inflation" Quote: "that the deletion of zeros from the Iraqi currency will be working by next year," This sentence implies that this is a process rather than an event... Here is the IMF statement on Iraq..."In the medium term, staff encouraged the authorities to consider creating the conditions which would make possible a move to a more flexible exchange rate policy. Such flexibility could allow a predictable and gradual appreciation of the nominal exchange rate, triggered by strong oil revenues and the Balassa-Samuelson effect, to accommodate a possible real exchange rate appreciation while keeping domestic inflation low.”
10-22-2014 Intel Guru Frank26 [via Bulldogford65] Articles...referring to the three 0’s to be deleted from the currency in 5 years...the article states the three 0’s are being deleted from the currency, not from the rate; The three 0 notes will coexist for at least 5 years with the new currency; understand the difference in lifting the three 0’s from the rate vs lifting the three 0’s from the currency – the articles refer to lifting the zeros from the currency...
10-22-2014 Intel/Newshound Guru Poppy3 THERE WILL BE THREE RATES ACCORDING TO TALKS WITH REGIONAL BANK PRESIDENT OVER A YEAR AGO AND HE WAS IN CHARGE OF 15 MAJOR BRANCHES OF THE BANKS. HE SAYS THERE WILL BE A CBI RATE, THEN THERE WILL BE A US BANK RATE AND SAME FOR ALL AND ONLY SLIGHTLY 1 TO 2 % MORE THAN CBI, THEN THERE WILL BE A UST RATE AND THAT WILL ONLY BE AVAILABLE TO THE BANKS. IT WILL BE FROM 1 TO 8% MORE THAN THE BANK RATE YOU AND I WILL RECEIVE. THIS IS WHERE THE BANKS WILL MAKE MILLIONS AGAIN PROVIDING RECOVERY FOR MANY OF THEM. [post 2 of 2]
10-22-2014 Intel/Newshound Guru Poppy3 ...BACK WHEN THE PARIS AGREEMENT WAS MADE MANY OF ALL THE COUNTRIES, USA, CHINA, VN, FRANCE AND MANY MANY MORE ALL AGREED AND FORGAVE LARGE % OF WHAT THEY WHERE OWED. THEY THEN AFTER FORGIVING LARGE AMOUNTS, SOME REPORTED AS MUCH AS 60% OF DEBT, THEY TOOK DINAR FOR THE BALANCE WITH THE UNDERSTANDING THAT THEY WOULD CASH IN POST A RATE CHANGE...THEY WERE NOT PLANNING OR EXPECTING A ONE TO ONE RATE...THEY KNEW THE PREVIOUS VALUE OR MORE. THIS IS ANOTHER AND PERHAPS THE BEST ARGUMENT THAT THE RATE WILL BE VERY GOOD FOR ALL OF US. [post 1 of 2....stay tuned]
10-22-2014 Newshound Gurus Bondlady & tlm724 Article quote: "the committee is trying to formulate a new law has the consent of all the political blocs to be passed and voted on during the current parliamentary session" ...ALL the things you/ we have waiting for are right on the doorstep! I am just so excited about the forthcoming days! I'll say this, the kurds were sworn in, new HCL law in the works, Erbril agreements all about to be finalized too.
10-22-2014 Dinar Guru Update Done: Several days ago Power Sharing and Seated GOI were marked as done on the guru "possible to do list"! [See Dinar Guru Resource Bar on the left of this screen]. With all that's been accomplished and the dinar news flying around the globe these past weeks, the Guru RV Meters have also made a slight adjustment after many many months of little movement...check them out! [see bar on the left] Time will tell if this is just an unsustainable blip in the guru sentiments or a positive trend that will continue in the right direction. Stay tuned as the next days and weeks will be very telling...
10-21-2014 Intel Guru Frank26 ITEAM's message... "We stand firm with October...We were at the meetings...If nothing happens by the end of October, then we don't know what...to tell you anymore because we were at the...meetings...and that is not their plan...for next year!" [ ITeam said they saw the Budget Opened yesterday. Doesn't that mean that they used some of its funds? If that's so, doesn't that mean that they have already changed the rate?] IMO...Yup.
10-21-2014 Intel Guru TerryK THINGS REALLY SOUND GOOD ACCORDING TO THE ARTICLES. SO KINDA SOUNDS LIKE IRAQ MAY PULL THIS ALL TOGETHER AND MAKE THINGS HAPPEN REAL SOON NOW THAT A [ABADI?] IS IN CHARGE. BE EXCITED. IT'S COMING.
10-21-2014 Intel/Newshound Guru Poppy3 SOUNDS LIKE THE LIFT THE ZERO'S PROCESS IS STARTING NOW AND THEY EXPECT TO TAKE UP TO 4 YEARS TO GET IT ALL OUT OF CIRCULATION. LETS GO BOYS LET HER RIP. ALSO SOUNDS LIKE A FIXED RATE AND NO FLOAT. TIME WILL TELL.
10-21-2014 Newshound Guru Enorrste Article: "A parliamentary committee: Working delete zeros from the Iraqi currency begins next year to reduce inflation" ...remove the three zeros refers to the removal of the large notes from circulation and nothing else. Quote: "A parliamentary committee: Working delete zeros from the Iraqi currency begins next year to reduce inflation." In other words, to "reduce the money supply."
10-21-2014 Newshound Guru Aggiedad77 Removing old currency is not an easy thing to do, it will take time...time for it to be drawn in, though they have done quite a bit of that already, time for it to just wear out...etc...to me this is continued good news from the Iraqi's and their new leadership. So what can we do....sit back and watch as things unfold over the next few days to a week or so...dig for evidence of new news, watch the word coming out of Iraq...watch what the world is doing to welcome Iraq onto center stage... [post 2 of 2]
10-21-2014 Newshound Guru Aggiedad77 The articles talking about removing the 000's in the next 5 years...I believe we are looking at something good here. They are speaking of action that intends to start with next year...being the next week or so by their calendar...and running for up to 5 years...They have long stated that they would allow new and old currency to run in tandem with one another for a period of time, and I believe they continue to say the same thing. [post 1 of 2....stay tuned]
10-21-2014 Intel/Newshound Guru tman23 I don't believe in an emergency RV...I believe we are witnessing the planned event that ran into mitigated circumstances directed by Iran and Maliki... I am thinking an international reinstatement with a rate of $3.48 that will show from Nov 3rd to the first of the year and then the zeros will be lifted from the notes...JMO.
10-21-2014 Newshound/Intel Guru BGG [What do you think They are waiting on?] Right now - I don't think they are waiting on anything, I think they had a few items to get done and they are moving right forward. [So...we are waiting on the finger to reach the button...? That's all?] Not positive - but if recent info is accurate, and it has proven as much thus far...very well could be.
10-21-2014 Newshound Guru Mountainman Just My Opinion But Seeing how The GOI is Reopening The Previous Laws from The Sadaam ERA...It makes Perfect sense that they would Also Reinstate That Rate = $3.21! That being said IMO...I don't see any reason for The Paris Club Members/Coalition Partners To Have ANY Incentive to Hold Contracts in DINAR for their Payback for Anything LESS! Knowing that WHEN Iraq Goes LIVE w/ The ISX...The World Will FLOOD Into IRAQ Like PIGS On SLOP...Then That RI RATE Will SKYROCKET... Don't FORGET about ALL the SKEPTICS who Are Going to Have "EGG" On their Faces...You Know the Ones Who Said "THE DINAR" Is A Scam ect...Yah then They Will Flock To Invest In IRAQ...And that Will Change Our World's Economy In Powerful Ways!
10-21-2014 Newshound Guru Enorrste In time, beginning next year (not necessarily January 1, incidentally), it will become necessary to begin removing the large notes from circulation (remove the three zeros) as the VALUE of the dinar rises. The actual risk here is DEFLATION, rather than INFLATION, because the same dinar will become more and more valuable (the opposite of inflation). Removal of the large notes from circulation will reduce the money supply gradually as the value rises, thereby reducing the risk of deflation, as we know it, and the risk of inflation (too many dinars) as the Iraqi's know it (too much money). Nothing has changed. The plan is about to unfold...Remember, if an RV were in the cards, then Greece would have done it years ago to get out of its little pickle. But an RV does not work. It is really just that simple. There is no free lunch. Economic growth is the only way to bring the dinar back to its pre-war value. [post 2 of 2]
10-21-2014 Newshound Guru Enorrste Article: "Deletion of zeros from the Iraqi currency" ...how can ANYONE be contemplating that they are even considering a LOP? The simple fact is that a LOP is NOT in the cards. The IMF has stated quite clearly in the last quarterly update on Iraq that they are quite satisfied with the STABILITY of the dinar over the last several years, and that they look forward to the GRADUAL appreciation of the dinar in the near future. Turkey LOPped zeros because they had 2000% inflation. Iraq has about 4% inflation. The process, and that is what this will be, is one in which, after moving to Article 8 of the IMF charter, Iraq will allow its currency to float. The opening of its currency to the world, Article 8, will allow two things to happen: first, the influx of goods and investment into Iraq from the outside; and second, the raise in the value of the dinar. [post 1 of 2....stay tuned]
10-21-2014 Newshound Guru Millionday TODAY [MONDAY] IS THE DAY THAT CBI WENT BEFORE PARLIAMENT. THEY DISCUSSED CONTROLLING MONEY LAUNDERING ISSUE TRADED FUNDS -- THE MONEY SUPPLY IN CIRCULATION AND THE BANKING LAWS THAT GOVERN CBI. Article quote: "al-Jubouri received today the Amir of the Islamic Group of Kurdistan Sheikh Ali Baber, and discussed with, during the meeting, the political and security situation in Iraq." IT LOOKS AS IF ALL ISSUES ARE BEING RESOLVED BY THE KURDS AND THE IRAQIS. THIS WITH THE MEETING WITH THE CBI IS NOTHING BUT GREAT.
10-21-2014 Newshound/Intel Guru BGG [the CBI has know all the numbers in circulation for some time. They also have given the criteria for economic reform which was a fully formed GOI. Why would they even make a statement if there was 1. No intent to revalue and 2. Their numbers did not make sense and a RV was not possible with the current numbers?] the easy solution to #2 is - use a lower "emergency rate" - which has been talked about. Will it happen (for sure) - who knows? But they are in a tough way and it would be an easy way out of 35 trillion in circulation.
10-21-2014 Newshound Guru Kaperoni Article: "Deletion of zeros from the Iraqi currency" IMO, I would rather see a gradual appreciation of the dinar based on economic investment as the IMF Article IV doc states. It's much safer and we are assured a substantial return on the investment if Iraq succeeds. I am not so sure this delete zeros (or should I say their is no guarantee) is good for us. ...nobody knows 100% what Iraq will do. I am still very hopeful the IMF will lead the way here.
10-21-2014 Intel Guru Delta [via Bulldogford65] Interior and defense ministers have been welcomed by UN. Regarding the ISX, they are working to attract international investors, however they cannot trade internationally without an international rate; X-stream is the international trading platform, and the ISX is to be back up on Oct 26.
10-21-2014 Intel Guru Frank26 I Team has confirmed that budget has been opened, recalculated, passed, and IMO, the new software is being loaded on the ISX, and IMO, contains the new rate; no one knows the date or the rate, however based on what they are telling us, how can the ISX come back up at 1166? What about the rate? ...it does not really matter what the rate comes out at, it is poised and structured to take off from whatever it comes out at; I Team says they still stand firm with October, they were at the meetings and heard the plan; watch the official Gazette. [post 2 of 2]
10-21-2014 Intel Guru Frank26 [via Bulldogford65] the ISX is closed, and understand what that means; with the articles coming out that there is an upcoming meeting of the GOI and CBI, know that the meetings have already taken place, I Team was guarding in the meetings and they are done; the GOI has opened and recalculated, and passed the 2014 budget. Be aware that after Oct 26, it is a new year in Iraq, so the article stating the three 0’s will be lifted “next year” understand that after the 26th it is the new year (note: Muharram 1, 1436 A.H. on the Islamic calendar is Oct 25 on the Gregorian calendar). [post 1 of 2....stay tuned]
10-20-2014 **** UPDATE Dinar Guru News Flash **** It appears to be official (as hard as it is to believe!!:) after over 20 years an inclusive Iraqi GOI cabinet is complete! This is huge news! MoD is Khaled al-Obeidi, a leading Sunni politician from the city of Mosul and Mohammed Salem al-Ghabban is the new interior minister from the Shia party...the Kurds were also awarded 6 cabinet posts! (inclusive power sharing!!) The official guru possible "to do list" items: Power Sharing and Complete GOI have been updated in the Dinar Guru Resource Bar on the left!! :) The gurus agree this is BIG for Iraq and big for us too! Stay tuned for more updates shortly! If you are not on the official Dinar Guru RV Alert List now is a great time...it's FREE and I send you all kinds of pre (and post) RV information you need to see. Click Here now to join over 85,000 of your dinar community peers...
10-20-2014 Newshound Guru My Ladies [via Bulldogford65] IMO, how can the ISX come back up without an international rate as the ISX will be linked to 25 international countries – how can the ISX be linked to other countries and not have an international rate when they resume on Oct 26?
10-20-2014 Intel/Newshound Guru Tlar Rate 1 to 1. When? This week. The stock markets will be testing by the 23rd. Active the 26th. Abadi asked the IMF last Saturday for a couple of days otherwise it would have gone last night. Thursday is likely day. He has his reasons and they are legit. 2015 budget to be opened when done. Will be another rate increase in it agreed to by Iraq. US is responsible for low rate to start. IF I AM WRONG THIS IS MY LAST POST.
10-20-2014 Intel/Newshound Guru tman23 WE all know for a fact that all indicators point to an underlying monetary change that they are busy concealing from public view...AND the BIGGEST CONFIRMATION is ALL REQUIRED LAWS have been passed...otherwise why would Speaker Jabouri be questioning the zeros.
10-20-2014 Intel Guru Mnt Goat Update on the 2014 Budget: First let me say the 2014 budget is not, I repeat not passed into law. In fact it is not yet even completed. They have not even submitted it to parliament as of today, so far. I believe it has to occur very soon to fund the war effort. There are also other laws too interconnected with the budget law since they are funded by it and the numbers have to be approved first by the laws then placed in the updated budget. It is hard to separate them. This week I totally expect to hear some news that the currency reform project will be restarted and a tentative implementation completion date given to us. In fact I will go out on a limb and tell you it will happen. We are many steps closer to an RV and we can almost see that the weeks (not months) ahead of us could bring us the progress we need to see. [post 2 of 2]
10-20-2014 Intel Guru Mnt Goat Iraqi progress is moving forward very rapidly now. The news is just amazing and this could turn out to be a very interesting week…hint…hint. ...let us now look at just where HCL is. I, as many do, believe this too is a key to getting the RV done. It also must be concluded to pass the budget. For some reason the original HCL law did not include the children of the Kurdistan region since their census (the basis for payment) excluded children. This is being remedied. This is the hold up with HCL. This law is not resolved until parliament votes and passes it. Once in the gazette we are home free. [post 1 of 2....stay tuned]
10-20-2014 Newshound Guru Stryker BREAKING NEWS...GOVERNOR OF THE CENTRAL BANK FOR "ALSUMARIA NEWS': THE BUDGET WILL BE SENT TO PARLIAMENT DURING THE NEXT TWO DAYS.
10-20-2014 Intel/Newshound Guru Poppy3 THE ONLY THING BEING DISCUSSED BY THE GOI AND PARLIAMENT AT THIS POINT HAS ALL BEEN FINANCIAL IN REGARDS TO THE BUDGET AND GETTING ALL THEIR PROJECTS OF REBUILDING STARTED BACK. THIS IS GREAT AND THEY ARE FOCUSED ON FINANCIAL REFORM. EXPECT MORE GREAT MOVEMENT IN PROGRESS ALL THIS WEEK.
10-20-2014 Intel/Newshound Guru tman23 Abadi and the CoM can place whom ever they want in the CBI position and Maliki made that quite clear when he appointed Ismail, it is on record at the cabinet of Iraq...That said; the lifting of the zeros is more than just one mans decision and there is a board of directors of the CBI...The Boards members are involved in other financial institutions such as trade bank etc...And Trade Bank is operated by JP Morgan...so the governor of the cbi is not the only one that can or will push the botton to get this going.
10-20-2014 Newshound Guru Millionday IF THE ISX GOES GLOBAL ON THE 26TH THEY WILL NEED TO HAVE A REALITY RATE FOR FAIR TRADE WITH THE GLOBE. [can they open the ISX as stated and not trade global?] I DONT KNOW...THEY MAY BE COMPLETELY READY AND THEY MAY NOT BE -- WE WILL HAVE TO SEE IF ALL GOES WELL AND THEY ARE DONE WITH ALL THEY WANT TO COMPLETE -- I KNOW THEIR GOAL IS TO OPEN TO A MARKET ECONOMY AND THAT IS PART OF IT.
10-20-2014 Intel Guru Hub [The three zero's has to be deleted in order to lower the note count to 1billion dinars, the note count has to be lower in order for a RV. .00086 is the rate so dropping 3 zeros = .86?] it does not mean .86 cents, that is the multiplier for the 1166 dinar per dollar...the term dropping the zeros means bringing the value of the currency to an rv'ed rate. the thing to remember is a dinar is worth what a dinar is worth no matter the size of the note.
10-20-2014 Intel Guru TD I too have confirmed with my source that the last two remaining ministers have indeed been named and approved. Iraq's government is just a new born baby and just now making baby steps trying to find itself amid a whole host of problems and obstacles .
10-20-2014 Intel/Newshound Guru tman23 Barzani demands to transfer economic power from the public to the private sector which will move against political instability...and the conversation leading to Kurdistan in the REMOVAL of the 3 zeros before the end of the year...I was told this is one of the Kurds conditions to participate in Iraq government...The ESX plans on opening "by years end" and they will not open dealing in IQD and 3 zeros.
10-20-2014 Newshound/Intel Guru BGG There are no "baskets" - if and when the IQD adjusts - it will be all alone and on it's own merit.
10-20-2014 Intel Guru TerryK FROM MY SOURCE ...I GOT IS THAT TUE NIGHT IS OUR NIGHT. WE SHALL SEE. IM ALSO HEARING THE DONG IS GOING TO BE VERY STONG.
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