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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.
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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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