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6-29-2015 Intel/Newshound Poppy3 INFORMATION IS TELLING US ALL THAT LIGHTNING IS ABOUT TO STRIKE. ABADI PROMISED PEOPLE WOULD START GETTING PAID AND TO JUST BEAR WITH HIM AND THE ADMINISTRATION TILL JUNE AND THINGS WOULD GREATLY IMPROVE. MORE BUYING POWER AND THE PEOPLE ESPECIALLY THE WIDOW AND WAR VETERANS THAT HAVE SACRIFICED. IN COMPLETING THESE OBLIGATION HE HAS TO COMPLETE REFORM AND THAT IS WHAT WILL GET US PAID AS WELL. ALL ARE GOING TO BENEFIT FROM THEIR EFFORTS SINCE HE HAS TAKEN OFFICE. BIG CHANGES ARE TAKING PLACE AS THE NEWS TELLS US. IF YOUR NOT EXCITED AND ON FIRE THEN YOUR WOOD MUST BE WET.
6-29-2015 Intel Guru Hub [I will say this, up until 2010 Banks were selling the Dinar. Then out of nowhere they stopped and called it a scam. Interesting change of events...hmmmmmm.] the truth is it can not be a scam, it is Iraqi currency, it could be a fraud, but the whole of Iraq depends on this currency to operate their economy at some point, sooner than later.
6-29-2015 Newshound Guru Millionday Article quote: "Dr. Sadeq al-Shammari during the annual meeting of the Islamic National Bank Islamic banks...noting that the bank was able to raise its capital to 251 billion dinars based on the directives of the Central Bank of Iraq." IRAQ IS WORKING ON PLACING LEGISLATION THAT COMPLIMENTS THEIR PLANS OF REFORM...THIS IS THE MOVE TO THE ISLAMIC BANKING LAWS...INTERNATIONAL BANKING WILL BE THE ENTIRE CONCEPT OBVIOUSLY. THIS IS THE MEETING AND THE PLAN -- NOW THEY HAVE CALLED FOR ALL OF THE LEGISLATION TO MOVE FORWARD WITH REFORMS. ALL REFORMS COMPLIMENT EACH OTHER SO ALL REFORMS WILL HAVE TO BE DONE AT ONCE. [if international banking is utilized would they have to have an international recognized currency?] THEY WOULD HAVE TO BE RECOGNIZED INTERNATIONALLY. [Sure smells of Basel 3 compliance to me!] I AGREE.
6-29-2015 Intel Guru Hub think of this, when Iraq opens all the construction, military, and other contracts they have in place, can they do it at 1166 figure. NO, their currency is not a tradable internationally accepted money at this time. Can you deal in dinar, no, we bought it through currency brokers, bankers, etc. but try to use it. you cant even take it to the bank and do anything with it. what does it need to go international? a value and to be recognized by the world. so all that to say this...i think all these articles and specially the two or three that say they need to value their money means we are right there.
6-29-2015 Newshound/Intel Guru BGG in fact, you can pretty much figure out how much they are taking off the streets by checking the numbers – and project it out a few days/weeks – they can pull TRILLIONS of Dinar out of circulation. That is a BIG MOVE. I have insisted (for a long time) Iraq had no more than 40 Trillion (EVER) in circulation. They have recently admitted as much… but if they were able to extract 10 Trillion over some short period of time – it could make a big difference – in fact, I doubt they have 25 Trillion surviving and in circulation. [post 2 of 2]
6-29-2015 Newshound/Intel Guru BGG [can you explain why the auctions are so important now? why the high sales numbers have significance?] a number of ways – a number of times – they have tried to come up with a method to take as much of the 000 notes off the streets PRIOR to a shift in value… Obviously – to make it cheaper in the long run (for the CBI)…each time – only to be thwarted by some political agenda not common to ours (and the people). [so this is the CBI allowing these high volumes? to try to correct the situation?] recently - we have speculated – these large auctions are doing two things…1) helping to stabilize the current exchange rate…2) extracting the big notes out of circulation using USD to do it (instead of more expensive “post-RV” currency)… and there may be a significant side-benefit (removing some big notes)… [post 1 of 2....stay tuned]
6-29-2015 Newshound Guru OOTW [IF TARRIFS ROLE OUT AUG 1, DOESNT IRAQ NEED A RATE BETTER THAN 1166?] ALL I CAN SAY IS THAT IN THE "50/100K" ARTICLES QUOTING SALEH, HE SAID THAT THE RESERVES SUPPORT A "DOUBLE" ING OF VALUE OF THE DINAR..THE RESERVES SUPPORT THIS TWICE OVER...AND HE SAID THAT WE WOULD SEE THE VALUE OF THE DINAR "DOUBLE" TO OFF SET THE TARIFFS...WHAT REALLY WILL HAPPEN, I DONT KNOW. WE DON'T KNOW FOR SURE WHEN SALEH SAYS WE HAVE DOUBLE THE RESERVES TO BACK THE CURRENCY HOW / IF THAT WILL APPLY TO A RATE...
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6-28-2015 Intel/Newshound Guru Poppy3 FOR THOSE WHOM DONT UNDERSTAND THE DIFFERENCE BETWEEN BEING BROKE OR BEING OUT OF MONEY. OUT OF OPERATIONAL MONEY IS IRAQ'S DESPERATION THEY ARE OUT OF OPERATIONAL CAPITAL ( CASH FLOW PROBLEM ) DOESNT MEAN THEY ARE BROKE WHEN IN FACT THEY ARE AND MAY BE THE RICHEST COUNTRY IN THE WORLD. ESPECIALLY FOR THEIR SIZE BUT THEY HAVE ASSETS TO BURN AND BELIEVE ME IN THEIR SITUATION TODAY THEY ARE BURNING MILLIONS A DAY WHILE TRYING TO COMPLETE ALL THE REQUIREMENTS THEY MUST MEET BEFORE THEY CAN GO GLOBAL. WHEN THEY COMPLETE THEIR REQUIREMENT LAID OUT BY THE IMF, WORLD BANK, UNITED NATIONS I ASSURE YOU WE WILL IMMEDIATELY WILL SEE A RATE.
6-28-2015 Intel/Newshound Guru Poppy3 GREECE NOT HOLDING ANYTHING IN IRAQ UP PERIOD...
6-28-2015 Newshound Gurus OOTW and sczin11 ANNOUNCEMENT TO THE WORLD... Abadi Office: "Start your transaction from your house," the first step for electronic governance JUNE 28 2015..." THEY GOING TO START ALL BANKING TRANSACTIONS, AS WELL AS GOVT COMMUNICATIONS (FOR THE CITIZENS) DIGITALLY, ELECTRONICALLY... THIS IS FOR ALL TRANSACTIONS INCLUDING PENSIONS, BUYING GOODS, EVERYTHING. THIS TIES IN WITH THE UN VISIT TO SET UP THEIR DIGITAL BANKING SYSTEMS. THEY DONT NEED THE UN TO HELP THEM UNLESS THIS IS GOING TO WORK ACROSS BORDERS. THEY WOULDN'T NEED THIS ONLY IN IRAQ...THEY LAUNCHING THE PRIVATE SECTOR AND THAT SUPPORTS THE CURRENCY WITH SOMETHING OTHER THAN OIL. I KEEP HARPING ON THE PRIVATE SECTOR BECAUSE ITS' KEY. THE PRIVATE SECTOR , THE KEY TO ANY NATIONS ER AND MR [ECONOMIC REFORM AND MONETARY REFORM], HAS BEEN LAUNCHED...PERIOD! [post 2 of 2]
6-28-2015 Newshound Gurus OOTW and sczin11 RIGHT NOW IRAQ HAS ACTIVATED THEIR PRIVATE SECTOR DEVELOPMENT AND AT THE FOREFRONT OF THIS IS IMPORTING AND EXPORTING REGULATIONS. ...THEY NEED TO CREATE JOBS AND HAVE THEIR OWN GOODS TO SELL TO IRAQI'S TO BOOST ECONOMIC DEVELOPMENT WHICH WILL FURTHER SUPPORT THE VALUE OF THEIR CURRENCY, IE STOCK IN IRAQ – REMEMBER CURRENCY = STOCK IN A COUNTRY. NOW LOOK AT THIS... [post 1 of 2....stay tuned]
6-28-2015 Newshound/Intel Guru BGG [If I were an Iraq citizen and my neighbor Kuwait was rich because their currency was at 4 and mine was at 1166, I would be throwing a fit by now. Cant the people and government see the huge disparity between the 2 countries and do they not realize the problem.] ...there was word getting out of Baghdad over the last couple of weeks about demonstrations brewing over the exchange rate of the Dinar...they have been following this as we have. Maybe not as close - expecting something to happen...they are getting restless - in fact, this recent "weakening" of the Dinar nearly got something going Abadi couldn't handle...
6-28-2015 Intel Guru Already Blessed [new guru] [We definitely don't know for sure if the Greece situation affects in anyway the RV...] OUR INFORMATION IS THAT GREECE IS DEFINITELY AFFECTING THE RV BEING RELEASED TO THE PUBLIC AS IT WOULD BE A FIASCO IF GREECE DEFAULTS AT THE SAME TIME. I DON'T KNOW THE PLAN FOR RV IF GREECE DEFAULTS.
6-28-2015 Newshound Guru Enorrste [You... have spoken before about how large investors will possibly get on board once they see it beginning to trend. So do we picture them as providing the momentum to keep it pushing higher?] I personally believe that once the exchange rate regime is changed to a free float mechanism that there will be significant interest from the financial community in the dinar. At this point it is not tradable on Forex or any other electronic media. But once it becomes internationally tradable then speculators will begin to look at it . When they do so they will see that the reserves of Iraq are huge in relation to the value of the money supply. Then, just as they would buy up an undervalued stock, they will begin to buy up an undervalued currency. One thing will lead to another as the ticker begins to move upward, and interest will grow and grow until it overwhelms the system. That is how I see it.
6-28-2015 Newshound Guru Millionday JULY 1ST -- FIRST SESSION FOR IMPORTANT LAW -- IMF MEETING ON IRAQ`S MONEY---JULY IS THE HUGE HUGE SHOPPING INTERNATIONAL MEETING -- HUGE [Do you still think they have a date they are committed to to get this done?] I THINK THEY HAVE HAD A DATE FOR THE WHOLE TIME -- WE JUST DONT KNOW WHAT IT IS SO WE WATCH WHAT THEY DO IN INK...WHO MAKES A PLAN OF CHANGE LIKE THIS WITH NO DATE?
6-28-2015 Newshound Guru My Ladies I WANT TO BE CLEAR THAT WE ARE IN NO WAY DRAWING A STRAIGHT LINE FROM GREECE OR IRAN TO IRAQ AND THE DINAR. WE DO NOT THINK THAT GREECE OR IRAN IS HOLDING UP THE TRADING OF THE DINAR. WE KNOW THAT A NEW BANKING SYSTEM IS COMING IN, WE KNOW THAT THE SDR MODEL IS COMING TO PASS, AND WE KNOW THAT WITH ALL THE CHANGES THAT ARE HAPPENING THAT IRAQ WILL HAVE TO CHANGE TOO. IRAQ WILL BE REACTIONARY TO THE ENTIRE BANKING SYSTEM AND IMF MONETARY REFORMS. AND THEY WILL REACT REGARDLESS OF WHAT IS GOING ON IN THE COUNTRY WHEN THE TIME COMES.
6-28-2015 Newshound Guru Aggiedad77 Article: "Economic adviser to the servants, the central bank must find a realistic price for the price of the dinar exchange Intasp with oil prices" I so enjoy reading things when Dr.S [Dr. Shabibi] and Dr. Saleh appear to be doing things in tandem...a coordinated effort of sorts it would seem...let them crow because they know what is coming...aligning the price of the dinar with oil, maintaining stability to ensure a smooth progression of the MR [Monetary Reform]. They understand what it will take to fully see the original dream for this currency to once again thrive. The politicians have not a clue to its true inner workings and thus need to stand clear and watch and be amazed at the end result for Iraq and the world.
6-27-2015 Intel Guru Mnt Goat ...there is another version of HCL too that Kurdistan needs implemented. It is mainly to address the sale of independent oil from Kurdistan to other countries beyond the Badgdad quotas set by the government to meet their budget requirements. This is an ongoing issue with the Kurds and they need this resolved. Could this hold up the payments of the oil revenues to the citizens? Sure it can and may be the reason why they have not yet paid them. Could this hold up the RV? Sure it can since the USA wants good faith and must see these payments happen before they feel HCL is fully implemented. [post 2 of 2]
6-27-2015 Intel Guru Mnt Goat I want to talk about these...international MasterCard transactions once again that seem to be the basis for the RV from some...don’t expect any RV even if these MC cards go live internationally. The Mastercards are tied to FIXED rates in a database. These rates are for government programs and FIXED rates and not tied to the floating currency exchanges in any way or fashion... these MASTERCARD events are for the SMART cards and not the “National” Cards. The “National” cards are NOT for these government programs such as retirement, salaries, pensions, food program, etc. The “National” cards are mainly for the oil revenues distribution sharing to the citizens. YES - if you are thinking HCL you are correct. Remember these payments were supposed to begin in a June – July timeframe. They fully plan to execute their plan on time to distribute these funds...they have the full month of July yet to make good on their promise to the people. I fully expect this event to happen and hear news of it very soon. [post 1 of 2....stay tuned]
6-27-2015 Newshound Guru Enorrste Article: "The central bank's "Tomorrow Press:" the project to delete the zeros will be applied beginning of the year 2017" This is an important article because it comes directly from the mouth of the head of the CBI. Furthermore, he is stating that he "expects" the beginning of the removal of the large notes to begin in early 2017. By stating this in this way, Allaq has left the door open a little bit. As investors we have come to learn that this is a process that will begin with the change in the exchange rate regime from a fixed rate to a floating rate for the currency. This is essential PRIOR to the beginning on the removal of the large notes. Therefore, we can look with confidence for a change in the exchange rate regime within the next several months, in my opinion. Then, according to the way I understand Allaq, he is allowing about a year or so for the value of the dinar to rise to a point at which the "beginning" of the removal of the large notes will take place. By early 2017 it will not surprise me to see the rate down to 100 or 200 to 1 for the dinar.
6-27-2015 Intel Guru SteveI Topic: "Japan calls for Iraq to pay its dues working in the field of energy" You will start seeing more of these demands in the near future. Iraq is under tremendous pressure to get this done (value that is) and start moving their country forward like planned for years.
6-27-2015 Intel Guru Mnt Goat Just the past week we read articles telling us about sending charges of TERRORISM and GENOCIDE to the international court of the Hague. I have told you many times there will be no RV until Maliki and his goons are gone and out of the any influence in Iraqi politics. So all is good in the news. Iraq is moving forward with the new laws. They are moving ISIS out of Iraq. Deals are being made to move Iranian influence out of Iraq too. I believe Erbil is in fact all completed and we are just now waiting for the final votes on the many laws and the announcement of them to us. I suspect this could happen in the next couple weeks. They know we are watching for these events and so they try to hide them from us since they know this is PART of the key to triggering the RV. [post 2 of 2]
6-27-2015 Intel Guru Mnt Goat There is...disinformation being spread concerning that the saving of the Greece economy and Iranian deals are holding up the RV. Really? I can assure you these other events are all mostly unrelated and not the reason for any hold up in revaluing the Iraqi dinar. No – the USA is not now holding it up again! Ramadan is now in progress...Ramadan continues to July 17th in Iraq and it will have little impact as to whether the RV happens or not. We still see parliament meeting and in fact they just announced this past week they intent to schedule a session on this coming Wednesday and vote on a “package” of 150 laws...they must implement them together since one can not work without the others. Another connection is the Justice reforms and how they fully intend to prosecute these corrupt leaders from the past Maliki administration... [post 1 of 2....stay tuned]
6-27-2015 Newshound Guru Millionday "Baghdad confirmed the Legal Committee in the House of Representatives ratified frankincense, Thursday, that the next legislative term will vote on important legislation, noting that it is possible to vote on some of them in the first sessions of the legislative term." SO AS WE SEE HERE ALL LAWS OF IMPORTANCE WILL BE DEALT WITH THE FIRST OF THE SESSION --- HCL IS THERE ALREADY ACCORDING TO REPORTS. [Any idea when the next session starts?] IT IS THE 1ST OF JULY. FOR THOSE OF YOU THAT WERE AROUND WHEN THE PLAN HIT THE CBI SIGHT-- YOU KNOW WHY THIS IS AN EXCITING TIME... IT WAS WRITTEN BY SHABIBI AND UPDATED AS IT WAS COMPLETED...
6-27-2015 Newshound Guru Aggiedad77 I believe in more ways than one DrS [Shabibi] is crowing big time, himself and through his protege Dr. Saleh...together they understand the MR...they understand how the CBI truly must be able to function in order to maintain economic stability and the lowest of inflation rates. Their guidance will keep Iraq on the straight and narrow through all the political fog that is blowing their way at this time. The noise from the Finance Committee continues to be just that, noise...put your ear plugs in....they don't seem to want to give up easily...What they have going against them...and what Iraq has going for it...is the knowledge that Dr.S understands what remains to be done to complete the process that he started years ago...it's coming...the BEST is yet to come.
6-27-2015 Newshound Guru sczin11 LARGE DENOMS IN 2017? NO WAY...THERE WAS A RELEASE LATE YESTERDAY, THAT KEYWORDS ANNOUNCED DELETION OF THE ZEROES PROGRAM WOULD BEGIN IN 2017...IN THE LAST 48 HOURS, IT WAS REPORTED THE NEW 100 AND 200K NOTES WOULD BE RELEASED IN 2017...DURING THE SAME TIMEFRAME, IT WAS REPORTED THE 50k NOTES WOULD BE RELEASED END OF THIS YEAR, OR EARLY 2016...THE ARTICLE STILL STATES "EXPECTED" AND NOT ON CBI WEBSITE...NOT EVEN SURE THEY KNOW WHAT IT MEANS..I SURE DONT...WHY DELETE THE ZEROES AT THE SAME TIME AS ISSUING NEW LARGE THREE ZERO NOTES? IN MARCH GREEN LIGHT GIVEN FOR PROJECT TO BEGIN...
6-27-2015 Newshound/Intel Guru BGG [QUESTION IS WHEN ARE THEY ROLLING IN THESE 50'S?] IMHO... the original version explicitly said "category of 50,000" - NOT a 50k note per se...which means (loosely) - a category WORTH what a 50k note would be worth...IMHO...further - it is very interesting the auctions are a high as they are right now...they have stabilized the exchange (to some extent) and are getting big notes off the street using USD (translates to VERY CHEAP)...right now - if this goes on much longer - they will be in an ideal position to execute some kind of move - (all IMHO).
6-27-2015 Newshound Guru Millionday "General Company for Trade Iraqi business services at the Ministry of Commerce for the opening near the first Baghdad Shopping Festival and on the land of the Baghdad International Fair... runs from 12 up to 18 of the next month of July will participate by 1,200 companies from different countries including Turkey, Syria, Egypt, Iran, India, Pakistan, Lebanon, United Arab Emirates, Jordan and Kuwait." WILL CREATE A COMPETITIVE ATMOSPHERE AGAIN --- WHHHOOOPOW. NOW LETS SEE IF WE CAN EVEN BEGIN TO SEE THE PROGRESS THAT IRAQ HAS MADE. I AM VERY EXCITED TO SEE THIS AND ALL THAT IS GOING ON. [how can they have a shopping festival and spend money?] I WOULD LIKE TO KNOW TOO...LOOK AT THE COUNTRIES COMING. [how in the world can Iraq host this event with all the countries listed with out an internationally tradable currency. ...do you think they all will be satisfied to complete with 1166 rate?] WE SHALL SEE.
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