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5-27-2015 Newshound Guru Millionday [WHEN DO YOU THINK THEY WILL VOTE ON ALL OF THE PENDING LAWS ESPECIALLY THE FED CT LAW AND THE INVESTMENT LAW?] THEY HAVE STATED TOMORROW AND ALL WITHIN A FEW DAYS THE TRANSLATION OF THEM NOT VOTING IT IN WAS A BAD ONE AND MEANT THEY WERE VOTING ON THURSDAY THE FED COURT ACT.
5-27-2015 Intel Guru Mnt Goat Once again I am saying I am not calling the RV for June or even July but am telling you there is NO sound evidence that it can or will happen prior to this timeframe of mid June. In fact the most recent news is now telling us we may have to wait until early 2016 but I personally feel if they can control this terrorists threat in Iraq and push out the Iranian influence we might see the RV sooner than later (like maybe this summer). We must wait until the USA and the UN deems it is the right time for Iraq to bring back their currency. NO SECURITY, NO NEEDED LAWS, THUS NO RV!
5-27-2015 Intel Guru TerryK I'M HEARING AND NOT KIDDING TOMORROW IF NOT TONIGHT...SOMEONE TIPPED THEIR HAND TODAY. ...UST PERSON... SAID THAT THERE IS SOME TYPE OF ACTIVITY GOING ON..."PINGING". [is pinging how the banks talk to one another, in a sense?] [In a sense...for instance when i enroll a new employee in direct deposit the bank we deal with pings the employee's account to ensure it's the correct one before depositing money into it.] YOUR SPOT ON.
5-27-2015 Newshound Guru Adam Montana [What would your response be to those of us that are feeling uncertain about an RV ever happening.] I've been harping on the importance of the HCL for a couple years now, and we're closer than ever before to serious success on that front. As encouraging as that may be to myself and others, it's always important to remember that only two things in this life are guaranteed... and an RV isn't one of them.
5-27-2015 Newshound Guru Millionday Article quote: "Legal Committee of the Parliamentary member Ibtisam Hilali, on Wednesday, that the Federal Court Act will not be voted on in the parliament session for tomorrow Thursday." SO MANY LAWS WE KNOW ARE IN SESSION TOMORROW --THEY SAY HERE THAT FED COURT ACT WILL NOT BE VOTED ON -- WE WILL SEE. [Does this federal court act have anything to do with the RV?] IT HAS TO DO WITH IRAQS COMPLETION IN DEMOCRATIC LEGALITIES.
5-27-2015 Newshound Guru wmawhite I just do not understand why so many folks think that the Parliament needs/or is required to pass laws in order for the Central Bank of Iraq to change to value of the IQD OUTSIDE of Iraq. The two are not related...the true value of Iraq today is what it is without...laws. Plus, it's value is relative to other country's opinion of Iraq. Again, we are talking, wanting something that is relative to outside of Iraq. Now, the future growth of Iraq will be determined by many things/events and certain laws will help in the future growth of Iraq. I have never believed that any laws is/was a reason for the CBI to do whatever it wants to do. Or I should state was a reason for the CBI not to do whatever it wants to do.
5-27-2015 Newshound Guru Adam Montana [During Ramadan, does the Iraqi parliament meet at all or is it in recess until the end of Ramadan? If it is in session can they pass any legislation on things like the HCL? And is it legal for the Bank of Iraq to RV during Ramadan?] I've always said in the past that nothing major happens during Ramadan and I don't have much reason right now to think that will change, BUT we have a couple of pending things. 1. The US is now moving in favor of adding more support to Iraq with the motive of defeating ISIS. 2. We're still on the verge of major HCL movement. If we get immediate movement on those two things, or a couple of other key items, then we might see pressure on Parliament to break tradition and actually sing some high notes during Ramadan. The timing of everything is key right now. So to answer the rest of your question, YES it is possible to see major activity from Parliament, even during Ramadan. I always said it wasn't likely in the past, but this year could be different, depending on how things go over the next couple weeks.
5-27-2015 Intel Guru Frank26 [via FrostyTheSnowman] ...the VND Dong...don’t be in disappointed when you see the banking systems have been degraded – last year and this year. That is not a bad thing. Vietnam has amazing control over their inflation. They are expanding and growing the way they are. Degrading is how they control core inflation rates. They joined the trade pack so the currency now has to go through some “hoops” and you will see the Dong is going through what the IDQ went through about a year and a half ago.
5-27-2015 Newshound/Intel Guru Top Shelf I’m bouncing off the walls right now, waiting for what is coming. There is great expectation...I know it’s not over until it’s over but there is just too much LIQUIDITY there and the timing of debt servicing...you can’t mess around with that...you could lose it all if people figure it out...before it happens. The auctions are there...they never went away. No one can find it...but the numbers don’t lie...they are there. The assets over the last 2 years...10 to 30% a month...120%...240 times the assets and they’re paying off debt? The assets...it’s six times higher than it’s ever been and that’s even after paying things off. They still don’t have all of the assets accounted for but they don’t need it. Why? They’ve got it all! The GOI has money to spend comin’ out of the gate! There is not a single thing that is not done. ...its ready to go![post 2 of 2]
5-27-2015 Newshound/Intel Guru Top Shelf [via FrostyTheSnowman] QUESTION – How much is a 25,000 dinar note worth right now at today’s exchange rate? ANSWER – around $23.00 USD. QUESTION – So two 25,000 notes equal...50,000 dinars...which would obviously be around $46.00 USD. ...if they remove all of the 3 zero notes...if they came out with a new 50 dinar note...the old two 25k notes... would be equal to a 50,000 dinar note...would only be worth $46. So a new 50 dinar note...would be equal to a 50,000 dinar note...under the new structure. I’m not taking into consideration at all...any of the additional liquidity behind the dinar. This is what the CBI is saying with numbers. Numbers translate the same...no matter who (or what) it is. It’s a universal language...a language of numbers. A 50 dinar note...up and coming...is technically the same thing as a 50,000 note today – once you remove the 3 zeros. [post 1 of 2....stay tuned]
5-27-2015 Newshound Guru Kaperoni Article: "Completion of the final version of the law of parties" Quote: "The head of the House of Representatives on Monday Saleem al-Jubouri, said that the 22 bill reached the stage of voting in parliament, noting that the National Guard and the Federal Court Rules and laws of the leading parties, which came to a vote." It sounds like they are saying 22 bills are ready for final vote.
5-27-2015 Newshound Guru Millionday Article quote: "...the Presidency of the Council of Representatives is determined to pass more than 20 laws, said during the next three days, the most important of the National Guard and the Federal Court and the parties." THEY PLAN 20 OR MORE LAWS TO BE PASSED IN THE NEXT FEW DAYS. [Does that include HCL?] THEY HAVE INCLUDED IT IN REPORTS...I SAY YES BY WHAT I HAVE SEEN.
5-26-2015 Newshound Guru wmawhite Folks, for the last 9 months the dollars that you own have actually increased in value over 25%. However, the notes I have still had the same numbers on them. My checking account did not increase either. In other words, the USD became stronger but we didn't notice it inside of the USA. However, had you flown to any other country and exchanged the USD for that country's currency you would have received much more that a year ago. So, when the value of the IQD increases it will be noticeable over many months in the jobs and stores inside Iraq. The big change will not be of benefit to the Iraqi unless he travels outside of Iraq and exchanges the IQD. [Are you expecting this to start out at 86 cents?] JIMO...the like value of $43.00 is just an example it will take much more than $0.86 to get those prices down to make it seems as $43.00. In other words, much greater than $1.00. [post 2 of 2]
5-26-2015 Newshound Guru wmawhite [So they want to Increase their money supply or no?] It is a fine line...they need the notes in order to buy/sell...However, the fewer notes country wide the more value there is. Folks, all this talk in Iraq about the currency/notes is really not about what we want. It is needed in a sense because they will need the correct mix of notes in order to participate within the economy. However, when they speak about value with smaller notes, then that is dependent upon the value of the IQD outside of Iraq ...keep in mind when you hear "increased purchasing" power that only happens for the Iraqi when the costs of goods decrease, i.e. the prices on the shelves go down. This will happen when the currency that is buying those goods increases in value. the reason this is such a requirement is because 90+% of all goods in Iraq are purchased outside and imported. [post 1 of 2....stay tuned]
5-26-2015 Newshound/Intel Guru BGG With the recent news, I am so thankful I have all my affairs in order because there is no telling what is going to happen. Article: "Central Bank of Iraq To Issue Large Value banknotes" This is really the biggest news of the day. In context it says "large value banknotes"...it is plain what thought they are trying to transmit to the average Iraqi...they are implying there will be higher or more value to their currency. I don't think we will have long to find out.
5-26-2015 Intel Guru Delta Just a quick update about the CBI. I’m excited...it looks like we are ready to finish the final chapter. We have some confirmation about the article came out about the 50 dinar...the 1,000 dinar...the 100,000 dinars … basically the confirmation from the CBI...they stated that the CBI is planning to increase the value of the Iraqi Dinar BEFORE they introduce those denominations. Lots of things starting to line up. Looks like we might see the rate change before Ramadan. We believe that everything is done...just waiting for the right timing between the GOI and the CBI. IMO...this is the right timing...before Ramadan.
5-26-2015 Intel/Newshound Guru tman23 [we are still in a goodplace w/this investment IYO?] ABSOLUTELY! WHY WOULD ALL THE ARTICLES BE DEMANDING REMOVE THE ZEROS...FROM PARLIAMENT...IF SECURITY WAS AN ISSUE? WHY?
5-26-2015 Newshound Guru Millionday Article quote: "...announced the approval of the establishment of each of the Rafidain and Rasheed deposit part of their money with private investment of the funds of private banks in investment projects..." REMEMBER THAT RAFIDAIN BANK HAS ANNOUNCED THEY ARE OPENING INTERNATIONAL BRANCHES. SO THE FUTURE PLANS ARE HERE -- WHOOPOW -- MOVING FORWARD WITH PROGRESS THEY PLANNED ON... IRAQ SEEMS TO BE GOING FORWARD AS PLANNED...
5-26-2015 Intel Guru Frank26 IMF said you have to do 2 things – raise the rate and pass those border taxes. Guess what? The CBI/GOI today ANNOUNCED they have 20 laws about to be released and it’s the tariff laws! All of this to get security. Do you see that MasterCard wanted to come into Iraq...still needs an international rate but they still issued the cards to the retirees living outside of Iraq. Position and posturing. Last year is the first time we didn’t see the GOI go on vacation in the summer. They are there working. It is permissible to work during Ramadan – it’s just rare.
5-26-2015 Newshound/Intel Guru BGG Article: "Central bank of Iraq to issue large-value banknotes" Quote: "In an important step to support the economy through monetary reform, the Central Bank of Iraq plans to issue banknotes with larger values than the ones in circulation..." they plainly said "large value notes"...Large value - NOT LARGE...WOW! [Please give an example of Large ---VALUE note.] by their own admission - a 50 Dinar note worth $43.00 - that would be a large value note. looks like things are about to get interesting.
5-26-2015 Intel Guru Delta they’re ready to go, we’re very, very close and they have to keep moving...the banking system is ready and there’s a lot of pressure. The financial committee said JUST LIFT THE 000’S so you can move forward. I believe they’re waiting for the right timing. ...if they do it during Ramadan it’s going to be confusion, but if they do it a couple of weeks before, they’ll use the dinar and not shock the market. ...the longer they go without a RV, the longer it’ll be for the next window and they can’t do it until the mid-July or end of July... Can they wait, yes, but the longer they wait, the more issues they’ll have. the next window is from now to the first week in June...we know it’ll be 85-86 cents. [post 2 of 2]
5-26-2015 Intel Guru Delta It looks like the Parliament had a meeting with the leaders to pass 20 pending laws...they’re ready for voting. They’re going to accomplish this in the next 3 days. One of the most important is the investment law... The revaluation is to increase the rate and this law will help Iraq do that. Everyone knows that the CBI is coming out with the 50 and 100 dinar...still confusion that it’s a 50,000 and 100,000 but it’s not…it’s just the value. Abadi said this is what we need because we need the money supply, easier to carry around and something they don’t have to use like US dollars. It looks like the rate will change before they introduce the lower denominations and 24 - 48 hours we should see the lower denominations along with the 20 laws to pass this week and the activation for the private sectors we’ve been waiting for...the new rate is one of the anchors for the private sector and economy. [post 1 of 2....stay tuned]
5-26-2015 Intel/Newshound Guru Poppy3 GOTTEN SEVERAL EMAILS OVER THE WEEK END AND EVIDENTLY SOME [ONE] HAS AGAIN BEEN SAYING THAT BANKS ARE TRAINING NEW EMPLOYEES FOR A RUN ON THE BANK WHEN THE RV HAPPENS. ...IN AMERICA LESS THAT 1% OF PEOPLE EVEN KNOW WHAT A DINAR IS MUCH LESS ARE INVESTED IN THEM. SECOND MORE THAN 80% OF AMERICANS ARE PAid on friday YET ON FRIDAYS WHEN MOST BANKING IS DONE WEEKLY THERE ISNT A RUN ON THE BANKS THAT REQUIRES MORE TRAINED TELLERS...THERE WILL NOT BE A RUN ON THE BANKS...ALL IS WELL AND YOU WON'T HAVE TROUBLES EXCHANGING YOUR DINAR ONCE WE GET A RATE TO WORK WITH.
5-26-2015 Newshound Guru Millionday Article quote: "The emergency meeting, which was held in the presence of Parliament Speaker Salim al-Jubouri in the House of Representatives aimed at resolving differences over the broken laws and the possibility of reaching agreement on them and present them to vote at the meeting on tomorrow." THEY ARE WORKING TODAY [MONDAY] TO RESOLVE LAWS TO HOPE TO VOTE THEM ALL IN TOMORROW [TUESDAY]. WHOOOPOW.
5-26-2015 Newshound Guru Kaperoni ...i look forward to Abadi launching the inititive for a market economy next week. This will hopefully create some momentum. there is a clear plan...introduce a 50k to consolidate the physical notes...that will happen within weeks...has no effect on the rate. then when stability sets in, they will initiate the change in exchange. if Abadi's plan works, and the market economy begins to take off, it will create momentium and stability...the more stability, the more investment and it appears that Saleh wants to initiate the prjects by 2016. So the dinar will begin to rise then. And we shall see the dinar appreicate over the next few years...eventually, the zeros will be deleted as the dinar rises... unfortuatly, now is not the time...so we wait...i wish they would start now but they made it clear its not the time. the proof will be the new 50k coming out in a few weeks or less unfortuately we are going to have to sit and relax for a few months.
5-25-2015 Intel/Newshound Guru tman23 In an interview given to CNBC at the World Economic Forum in Jordan, Kurdistan Region President Masoud Barzani has warned Baghdad that a failure to resolve the budget issues will lead to the KRG selling oil independently. Either Iraq will commit to the agreement that they have and will pay the Kurdistan Region or, in another case, if they don’t and fail to pay Kurdistan, then we will be selling our own oil and collecting our own revenue,” he said, saying that the deadline for cooperation is just “one or two…months” away... Barzani statement from DAVOS economic forum...and is in INK... Baghdad has about 1 month to begin paying ...2 at the most! So we can assume that 1.2 billion is expected in full in by mid July at the latest or Kurds will collect their own oil and collect their own revenue...Abadi said a few weeks ago that starting July Iraq would be able to make all payments in full and on time... And in January he asked citizens to be patient until June.
5-25-2015 Intel Guru Mnt Goat ...now we see the resurfacing of the Mastercard contract with Iraq. I want to tell you this does not put any more pressure on Iraq to RV but is a good sign since it a progression in the plan to see the RV shortly. Iraq can begin using these cards to payout on these special welfare like programs TOTALLY UNAFFECTED BY THE RV? THEY DO NOT NEED A revaluation TO BEGIN THESE PAYOUTS! It seems we are hearing great news on many laws going into the next parliament session for the final vote and then they never reveal what happened until eventually we see them in the gazette. We are expecting a bundle of laws placed in the gazette all at once in a close proximity of timeframes when they are ready. NO SECURITY, NO NEEDED LAWS, THUS NO RV! [post 2 of 2]
5-25-2015 Intel Guru Mnt Goat ...the CBI needs a sound level of SECURITY in Iraq to bring back the currency. The USA agrees with their decision to hold off until this SECURITY level is reached. It is now up to the CBI to determine this needed level since it is their country. Let me say the GOI does not like this delay and will do everything in their power to circumvent the CBI in this matter. They are supposed to be working together on this event but apparently they are still at odds. In the long run the USA has the ultimate power to decide to complete the rollouts of the new rates to the currency exchanges and the RV can not happen without it. I am told they will NOT do it without the full support of the CBI (and not so much the GOI). [post 1 of 2....stay tuned]
5-25-2015 Intel Guru DC [via Already Blessed] WE'RE ALL STILL IN THE GAME AND THE GAME IS STILL ON...EVERYONE IS READY...
5-25-2015 Newshound/Intel Guru BGG [When the GOI orders the CBI to do something, such as drop the 3 zeros...how long should this take to be completed...this is what was ordered, correct?] We're about to get a ring side seat to see this very set of circumstances play out. [so do you feel all the isis stuff will have no impact in the very very near future?] if it does - it may enhance our opportunity - if anything. THE GOI NEEDS MONEY JUST LIKE YOU AND I... without a currency shift they cannot meet their budget and they need all the extra money they can get ahold of to fight ISIS.
5-25-2015 Newshound Guru Enorrste A member of his [Bush] staff did make a quote that seemed to indicate that he felt that Iraq would "pay" for the war in some way in the future...Bush never actually made the quote... Whether that was through a contract for oil at $23 per barrel made with the US, as some have indicated, or through a rise in the value of the dinar, as others have stated, is anyone's guess. In any case, it would not take an RV to "pay" for the war. The US, supposedly, is sitting on a lot of dinars at the Federal Reserve (although that has never been proven). Should the value float up to $1 or more, then the US will have been "paid back" for the war through that means. An RV isn't necessary. At $1 the value of the money supply would be $41.5 trillion. That is about 3 times the money supply of the world. It just can't be supported. They would have to reduce the money supply to about $40 billion PRIOR to an RV, and they can't do that and still keep the economy going. The ONLY way to do this is through a float.
5-25-2015 Get caught up on the weekend updates below and if you are not a dinarguru.com alert list yet now is a great time to do it...It's free as always and only take 2 seconds...If you invested in the dinar and spend time on the site you don't want to miss something very important because you're not on the list. Click here to get on the list now.
5-24-2015 Newshound/Intel Guru BGG Article quote: "Iraq today - the parliamentary finance committee the central bank demanded the implementation of the project to delete the zeros of the three of currency instead of issuing new editions of major categories." This is obviously THE BIG news of the last few days...Demanded...they've essentially "Demanded" an RV...I don't know how else to say it...the Finance Committee got their point across to the CBI.
5-24-2015 Intel Guru Jester [all I really want to know is date and rate...] RATE... NOT WHAT YOU ARE HOPING FOR... NOT WHAT YOU ARE EXPECTING... DATE... BETWEEN NEXT WEEK AND NEVER... HAHAHAHA. ALL THE PUZZLE PIECES SEEM TO BE IN ORDER... THE FLY IN THE OINTMENT RECENTLY IS THE APPEARANCE OF THE SO CALLED OVERPRINTED DINAR... AND WHAT THEY HAVE DECIDED TO DO ABOUT IT... BUT ALL THE PIECES ARE THERE... AND THE PLAN IS MOVING FORWARD...
AT A HIGH RATE OF SPEED. IT IS NOT GOING TO PLAY OUT LIKE EVERYONE THINKS...
5-24-2015 Intel/Newshound Guru Poppy3 Article quote: "Your national team revealed preparing promotion of the private local and industry sector strategy, on Saturday, about the government's intention to launch the strategy next week" their PLAN IS MAY AND THEY SAID IT IN INK...AND ALL THIS WONDERFUL NEWS NOW SAYING LAUNCH NEXT WEEK...WOW, WOW, WOW.
5-4-2015 Newshound Guru Millionday ACCORDING TO WHAT WE ARE READING THEY HAVE A TIMELINE FOR SO MANY LAUNCHES TO OCCUR NEXT WEEK. HOWEVER WE HAVE TO WATCH THE ACTION. [If the are planning in launching this next week, will the have the laws voted in place by then?] I WOULD ASSUME THEY EXPECT TO HAVE ALL PERTAINING LAWS IN PLACE FOR THIS ALL TO BE ACCOMPLISHED. [launch as in activate?] YES. I AM EXCITED TO SEE WHAT HAPPENS. [post 2 of 2]
5-24-2015 Newshound Guru Millionday Article quote: "Your national team revealed preparing promotion of the private local and industry sector strategy, on Saturday, about the government's intention to launch the strategy next week" [the ink looks like it is showing us the beginning of the revalue?] THE INK IS SHOWING US THE LAUNCH OF THE INTERNATIONAL BANKS -- THE PREPARATION OF THE REDUCTION OF THE PARALLEL CURRENCY MARKET ---THE LAUNCH OF THE INDUSTRY AND PRIVATE SECTOR --- TAXES /CUSTOMS/PRODUCT PROTECTION/AND MARKET EXPORTING --- AND THE MOVEMENT OF BUDGETED MONEY. ACCORDING TO REPORTS -- ALL OF THIS IS PLANNED WITHIN THE NEXT WEEK... [post 1 of 2....stay tuned]
5-24-2015 Newshound Guru Kaperoni Article quote: "the Governor of the Central Bank on the Keywords for "Qurtas News" that the project application to delete the zeros Matrouh the bank's management for years but its application depends on the stability of the country, indicating that the central bank found the plans in order to strengthen the dinar and stability through printed with groups of local currencies large Kal50 thousand dinars and 100 thousand dinars." It is very clear that nothing is going to happen with the exchange rate for a while... until stability. In the mean time, they plan to issue the larger bills to "deflate" or reduce the physical paper in circulation. Unfortunately, we have a bit yet to wait until the conditions are such that they can begin to raise the value.
5-23-2015 Intel/Newshound Guru Poppy3 THE VERY NEXT DAY ABADI ANNOUNCED THAT THE GOI AND CBI WILL WORK TOGETHER TILL ALL REQUIREMENTS ARE COMPLETED. THEY HAVE HAD MEETINGS EVERY DAY SINCE WITHOUT A DAY OFF. THE SOURCE SAID...WHEN THEY FINISH WE WILL SEE THE NEW RATE REGARDLESS OF TIMING OF RAMADON, HOLY DAYS, END OF QUARTER, BEGINNING OF QUARTER, NEW YEARS ETC. I AM VERY ENCOURAGED AND EVEN GETTING EXCITED BECAUSE INDICATIONS ARE THEM SAYING THEY WANT TO FINISH IN MAY APPEARS VERY ATTAINABLE. [post 2 of 2]
5-23-15 Intel/Newshound Guru Poppy3 I REPORTED TWO MONTHS AGO THAT HAS NOT CHANGED...INFORMATION FROM THE BEST SOURCE EVER...SAID [MEETING OF] ALL IMF,WORLD BANK, ABADI , JOBORI AND THE LEADERSHIP STAFF OF CBI INCLUDING DR SHABIBI TOOK PLACE...AND THEY COVERED THE LIST OF ALL ITEMS THAT NEED COMPLETING STEP BY STEP TO MEET ALL REQUIREMENTS. THEY THEN DID SOMETHING THAT THEY NORMALLY...HAD NEVER DONE...THEY PLEDGED TO ONE ANOTHER TO EACH DO EVERYTHING THEY MUST DO TILL THEY COMPLETE THE LIST, THEY SHOOK AND THEN HUGGED ONE ANOTHER ON THE AGREEMENT. (THAT HAD NEVER BEEN DONE BEFORE). [post 1 of 2....stay tuned]
5-23-2015 Intel Guru Frank26 The MR [Monetary Reform] at this moment in our known time is vibrantly LOUD! THEY ARE GETTING IT DONE.
5-23-2015 Newshound Guru Enorrste ...the CBI NEVER intended to do an RV...we...know that the CBI would be foolish to even consider such an idea because it is financially impossible. The RV was never in the plan, ever. It was never in the cards at all! Therefore, to conclude, both the float and the introduction of the larger notes have always been in the plan. The introduction of the large notes will begin the process of bringing the street rate closer to the official rate (a good solution since the auctions are now off the table). The introduction of the large notes is imminent. It is also a part of the plan. Therefore the continuation of the plan is imminent as well. After the large notes are issued and the street rate begins to go back toward the official rate, AND, with the reduction in paper that the larger notes will effect, the completion of the plan, namely the change in the exchange rate regime, will be possible. ...I am still cautiously optimistic that this could all get accomplished (start the float) before the end of the year, with the caveat that the security situation is a wild card.
5-23-2015 Intel/Newshound Guru Poppy3 I DO STILL BELIEVE THEY WERE AND ARE SERIOUS ABOUT COMPLETING ALL REQUIREMENTS FOR FINANCIAL REFORM BEFORE THE END OF MAY.
5-23-2015 Intel/Newshound Guru tman23 Dates... May 25th Parliament will vote and pass the Investment Law... Then the CBI has 15 days to "show me the money"... The new currency they are going to be releasing!
5-22-2015 Intel/Newshound Guru POPPY3 [They are voting on the investment law on Monday is that right?] THATS WHAT I HEARD BUT ALSO HEARD THE INTERNATIONAL INVESTMENT LAW WOULD BE VOTED ON TOMORROW. TIME WILL TELL VERY SOON. REGARDLESS THEY KNOW WHAT IS NEEDED AND THEY ARE COMPLETING EVERYTHING AS SOON AS THEY CAN. IT IS ALSO VERY OBVIOUS THEY NEED THE RV AND WANT IT AS BAD AS WE DO BECAUSE AT PRESENT LARGE INVESTORS ARE TALKING BACKING OUT LIKE FORD MOTOR WHICH WAS TALKING BUILDING MANUFACTORY THERE WHICH WOULD MEAN BILLIONS IN INVESTMENT. MANY OTHERS PENDING AND THEY KNOW WILL BACK OUT ALSO IF THEY DON'T GET THINGS COMPLETED.
5-22-2015 Newshound Guru wmawhite I have never, never bought into the 50K and 100K hype and here is why. This is from another researcher...Putting the 50K and 100K to pull in the smaller notes would be the same as HAVING A 500 OR ONE THOUSAND BILL REPLACE ALL THE 1, 5, 10, 20, 50 AND 100 DOLLAR NOTES HERE IN THE USA. THAT IS WHY THIS RUMOR SHOULD BE PUT TO REST. JMO.
5-22-2015 Intel Guru TNT Tony [via Adept1] We are talking to people actually walking the streets, and they say that ISIL only has one section of the town, and it’s not a big deal. They feel they are winning against ISIL, that they pushing them out. It’s very different on the ground than what we see on CNN or the news. Last night banks sent out memos with a potential start time. In Iraq, their Prime Minister has said that “In the next day or two” their lives will change drastically. On Monday, the US said that they would not block this any further... We are in the middle of the perfect storm. The US always preferred a weekend, and even better a holiday weekend.
5-22-2015 Newshound Guru Millionday Article quote: "Some citizens believe that the "large cash categories" to enter the market now is tantamount to adding new burdens on the ordinary citizen as simple salary categories will be hard to break or turn them into smaller groups in order to dispose of them." THE LARGE DENOMS MAKE NO SENSE FOR SMALL PURCHASES AND NEVER DID -- ADDING CONFUSION AND FEAR. THEY ARE SAYING THAT EVEN THOUGH THE LARGE DENOMS ARE ENTERING THE MARKET -- THE SMALL DENOMS ARE ENTERING AND THEY ARE FORMING THE MODERN ECONOMIC BASE-- GLOBAL MARKET --/TRADE...WHOOPOW. KNOW ONE THING -- THEY STARTED THIS THREE DAYS AGO AND SENT THE MONEY TO THE BANKS.
5-22-2015 Intel Guru DC [via Adept1] In the USA, IMF and BIS are ready to go. There have been tests worldwide, and bankers have told their people to be ready to go. They have pulled in key...technical, legal and management staff...[they] are in lock down. They are in place so that if a glitch comes in, they are on the spot to solve it. Major banks have sent out memos to get their staff ready for this revaluation. Some mentioned specific dates, some just said “in the next five days”. Those memos have gone out throughout the world as well as the US banks specifically. Iraqi security is better than we keep hearing here. ISIL did not take over the whole town of Ramadi. It’s serious and lives will be lost taking it back, but it could be over in a few days or weeks. [what are the rates right now?] 3.91 to 4.57 on the dinar; 1.08 = rupiah; 19 cents on zim; 1.67 = dong; 1.48 = Afghan currency. Iraq is ready, multiple worldwide tests were successful. Everyone is engaged and ready to go, looking forward to this very quickly.
5-22-2015 Newshound Guru Breitling A lot of people are asking about the fall of Ramadi. the Sunni (ISIS) have their section, the Kurds have their section and the Shia have their section of Iraq. Are the Sunni ISIS taking over the Kurdish area? No. Are they taking over the Shia area? No. There's debate about if ISIS took over huge swaths of Iraq…It was sunni sections anyway! If there were pockets of people who didn't go to their church they paid…like the christians or a Shia town or village that's where the turmoil comes in…but they're taking over their own section. So does it sound like the whole country is going to fall? No, they simply took over their own section. It's a balance…watch as a measuring tool how much they get into each other's territory and that's the best temperature you can take. That's why I don't worry about some of the stuff that's going on.
5-22-2015 Intel/Newshound Guru Poppy3 tman23 THANKS FOR THAT POST [reference Guru tman23 post below, 5-22-2015] I HAD THAT SAME CONVERSATION YESTERDAY WITH A GROUP OF VERY WEALTHY WELL INFORMED FRIENDS AND YOU ARE EXACTLY CORRECT. THE HEAT IS ON BECAUSE LIKE YOU SAID BAD NEWS TRAVELS FAST AND FROM ALL INDICATIONS MANY INVESTORS ARE ALREADY BACKING OFF THEIR INVESTMENT IDEAS BECAUSE OF UNREST AND NO PROTECTIONS FOR THEIR INVESTMENT CAPITAL.
5-22-2015 Intel/Newshound Guru tman23 Come invest in Iraq...OKAY! What are the capital requirements? What are the rates of applied taxes? What is the timeline to move my capital out of country? How will disputes be handled? What are my liabilities if I employ local workers?...AND what steps are in place to protect my vested interest... Don't worry about that Mr. Investor... Coming soon will be the investment laws that will describe obligations of the parties... We will tell you all about it AFTER you deposit your funds in Iraq and are neck deep into it! They need the INVESTMENT LAW first! And then they immediately need to update with monetary reform. This all ties together...to change values in the middle of the game will have an effect on some and result in an influx of complaints... Bad news amongst investors spreads fast...Iraq cannot afford bad press from inestors at start up.
5-22-2015 Newshound Guru Mailman17 I AM GONNA STICK MY NECK OUT HERE...BUT IF...I REPEAT IF...IRAQ COMES OUT WITH A FIFTY OR ONE HUNDRED THOUSAND NOTE TO REDUCE NOTE COUNT, JUST WHAT THE HECK WILL IRAQS USE TO BUY ANYTHING UNDER 46 SIX BUCKS LET ALONE 90...ARE THEY GONNA TAKE IN ALL THE 3 ZEROES AND REPLACE THEM WITH A CURRENCY NO ONE CAN USE...NOT...THAT IS WHY THIS IS NOT AND NEVER WAS AN OPTION...EVER. THAT WOULD BE LIKE HAVING A 500 OR ONE THOUSAND BILL REPLACE ALL THE 1, 5, 10, 20, 50 AND 100 DOLLAR NOTES HERE IN THE USA. THAT IS WHY THIS RUMOR SHOULD BE PUT TO REST. JMO.
5-22-2015 Newshound Guru FrostyTheSnowman Article: "UN head Ban Ki-moon arrives in Viet Nam" [Guru] Frank26...asked ...WHO would be there at the end ...to more or less take a "victory lap" concerning the MR? My opinion was that the UN would make a series of appearances. Smile for the camera Mr Ki-moon ... it's show time for Vietnamn too!
5-22-2015 Newshound/Intel Guru BGG my comments on the developing story in Ramadi: I am sure various news outlets are reporting things that suits their narrative - as they tend to do...however, Ramadi and ISIS is a serious situation. Will it directly impact the RV - I have been plain in my comments - if anything it puts additional pressure on Iraq. Not less pressure. I have not deviated - and I am thinking I'm on target here. [With all this ISIS going on in Iraq is there any chance even for them to get this thing done in the near future, like next week, next month...?] this may be the thing that makes next week, or next month even possible.
5-22-2015 Newshound Guru Adam Montana [Can there be a increase in value of the IQD before ISIS is eliminated inside Iraq?] Eliminated? ISIS will never be 100% eliminated. Contained or Controlled? That's another story, and it will happen soon enough.
5-22-2015 Intel/Newshound Guru Poppy3 i can say with complete confidence that ISIS does not have control of anything. Plus all these banks they are reported taken over is all bull. They have never breached one bank vault within Iraq. YES THEY ARE THERE IN SMALL GROUPS SCATTERED THROUGHOUT AND YES MANY PEOPLE HAVE LEFT THEIR CITIES AND HOMES DURING AND AFTER ATTACKS BUT ISIS DOESNT CONTROL ANY CITY WITHIN IRAQ. SECURITY IS NOT AN ISSUE TO THE TIMING OF THE RV AT ALL. THE COMMANDERS ON THE GROUND THERE ARE MAD AS H### AT THE MEDIA...BECAUSE THEY ARE MAKING THEM AND THEIR TROOPS...LOOK BAD TO THE AMERICAN PUBLIC. ...I'LL TAKE THE WORD OF COMMANDER WITH BOOTS ON THE GROUND THERE.
5-22-2015 Intel Guru Frank26 [I believe I heard Frank say...that they are considering this year "a year of exception" and they WILL work on the MR during ramadan to get this done.?] Consider...They will work during Ramadan ...Fight ... Eat when they CAN. Right now ... Nothing can stop this Lava Flow but ... God.
5-21-2015 Newshound/Intel Guru BGG [I don't feel hopeful for soon tell me I am wrong please!] You're wrong...there is way to much missing info for us to be able to make perfectly accurate assessments - one way or the other. we're in a good investment...that is enough.
5-21-2015 Intel/Newshound Guru tman23 ...I am so focused on the INVESTMENT LAW...Which I expect to be brought to vote MONDAY the 25th of May. They are timing this Law with intentional delay.
5-21-2015 Newshound Guru Enorrste I'll stick my neck out with an OPINION: The CBI will not change the official rate. Furthermore, the 50k and 100k notes will come out within the next 90 days and the paper currency will fall by 50% before the end of the year. None of this will affect the money supply or the value of the dinar directly. If, and this is a big "if", the security situation has improved by that time then I believe the CBI will change the exchange rate regime before the end of the year. If the security situation stays the same or gets worse, then we won't see much before next year. Of course I could be wrong. [post 2 of 2]
5-21-2015 Newshound Guru Enorrste I believe that a genuine plan that is logical and consistent has existed for nearly 8 years now and that, however slowly, it is finally coming to a point where it will begin to pay off for us all. I don't believe that I am naive in being positive. On the contrary, I find that Iraq is an amazingly resilient country, irrespective of the problems that it faces, which are many. It seems to me that this "democracy experiment" has sunk deeply under their skin and they aren't going to give up on it easily. When placed up against ISIS's view of the world, it looks pretty good! ...articles indicate that the currency will be the best available in the world. [post 1 of 2....stay tuned]
5-21-2015 Newshound Guru wmawhite [...do you think that the wave of investors will move into Iraq before the IQD reprices and wait on it? Or, the IQD repricing and the CBI says to the world "see here and we are ready to back our value because the IQD is a strong currency"...and then the investors start moving onto Iraq.] I think the latter will happen first.
5-21-2015 Newshound Guru Millionday Article quote: "Rafidain Bank announced, on Saturday, announced the launch of MasterCard service E-retirees who are out of Iraq through its branches located there." THE BANK IS LAUNCHIING THE MASTERCARD SYSTEM --THE ACTIVATION OF THE CARD AND THE ACCESS TO THE FUNDS ARE NOT THE SAME AS THE LAUNCHING. ...THE SMART CARD IS EXPECTED TO BE USED FOR SECURITY IN GLOBAL BANKNG SO...THIS IS MAJOR NEWS FOR IRAQ TO HAVE A GLOBAL CARD COMING BACK ON TO THE MARKET AFTER ALL THESE YEARS.
5-21-2015 Newshound/Intel Guru BGG [HOW MUCH OF IRAQ IS ACTUALLY BEING TAKEN OVER BY ISIS PRESENTLY?] Not that much. I was looking at a map yesterday - ISIS is far more entrenched in Syria than Iraq. personally - they have been losing ground steadily - they threw everything they had at Ramadi and it paid off (at least for now)... I don't foresee this as a long term outcome - there is concern they will aim at Baghdad - I doubt it. They won big so far... but they are at the very edge of their reach - they have so little support out there and are an easy target to be cut off.
5-21-2015 Intel Guru Delta This article was very, very clear that the IMF, the World Bank, the US Treasury and the CBI GOI they are all now in agreement to raise the value by them lifting the 3 zeros. The CBI will announce a new exchange regime...announce that they are “Article 8” and they will announce a new rate and new denominations. The 50 and 100 dinar should come out together. The plan for the CBI is to get rid of USD’s which will enhance the value of the IQD which will give more CONFIDENCE...especially INTERNATIONALLY! The exchange rate has to change no matter what to become international. The article said today by them coming up with a new currency they will be international. That’s Article 8 which must be a TRUE VALUE...around .85. ...you don’t have to rush to exchange... they should have 2 or 3 different revaluations after the .85 cents. At some point they should get close to the value of Kuwait. So the good news is every investor outside of Iraq...they are all going to be rich. [post 2 of 2]
5-21-2015 Intel Guru Delta Apparently the article that came out two or three weeks ago about the 50,000 and 100,000 dinar notes...a lot of people are getting confused about that. This article should make you EXCITED and ready to celebrate...give you the confirmation that we are very, very close. No doubt about it. Basically what the article is saying is the new currency that Iraq is going to come out...they will be able to trade/exchange it inside and outside of Iraq. That should make you very happy for so many reasons. ...they are going to raise the value, Article 8, and lifting the 3 zeros. How are they going to do that (lifting the 3 zeros from the exchange rate?). The 25,000... 10,000...5,000...1,000... they are basically going to stay for a long, long time – until they phase them out! [post 1 of 2....stay tuned]
5-21-2015 Intel Guru Mnt Goat Update of the Needed Reform Laws: I am now hearing that parliament fully intends to take a final vote on three of these laws later this week or next week. Articles have told us the likelihood of being passed is very high. - National Guard Law. -Parties Law. -Courts and Justice Law.
5-21-2015 Intel Guru TerryK [we gonna have RV this week?] 28-29TH...WHAT IM GETTING. 3.91 DINAR...RUMOR, 1.09 DONG...RUMOR, ZIM DROP 6 ZERO .15.
5-21-2015 Newshound/Intel Guru BGG Articles: "Jubouri Announces Extension of parliamentary sessions to the end of the month" "Major movement forward in Parliament on several critical fronts" Whatever they have coming up - it's important... Whatever it is on the agenda - IT IS VITAL... for the Iraqi's to continue passing up on a vacation - is odd. I look for good things from this short Parliament session... [...do you believe we'll see (it) before Ramadan?] with all the possible distractions - it is impossible to say...anyone who does is foolish. However, in spite of the security challenges - Parliament and much of the GOI appear to be moving forward "with prejudice"... ("with purpose").
5-21-2015 Newshound Guru Kaperoni Article: "Parliamentary Finance: Iraq's new currency will be traded outside the country" The whole idea of them trading the dinar with the world is a good thing! If Iraq can hold it together, and solve the security issues, we may see the deletion of zeros start by end of year. I love these articles!
5-20-2015 Intel Guru Mnt Goat Today is Wednesday May 20th and still no RV and just 11 days till June... I am not calling the RV for June but telling you there is no sound evidence that it can or will happen prior to this timeframe of mid June. ISIS and the Iranian militias must first be dealt with. It is not my opinion but the currency rollout policy of the USA government. NO SECURITY, NO NEEDED LAWS, THUS NO RV! Iraq can move in the any direction it wants and try to rollout many of the international obligations needing the international exchanges for their new currency, as we are now hearing. But in the final analysis the IMF and the USA still...have the final say.
5-20-2015 Intel/Newshound Guru tman23 ...yesterday the 19th was a voting dud as we suspected such last week it would be... SO...The 25th we are looking for the vote on the investment law... And my money is on it being passed on the 25th...and IMO it is BIGGER than any other law at the present... There was NO REASON NOT TO VOTE ON THE INVESTMENT LAW...OTHER THEN THEY ARE TIMING IT WITH???
5-20-2015 Newshound Guru Adam Montana [With the CBI lending/giving money to the GOI and banks, is this a good sign?] I don't think it's a bad or a good sign. The CBI does whatever it wants and as long as I've been watching this deal, they ALWAYS stay on top of every aspect. With that said, I don't worry about what they do until the day they change the rate. Everything else is just fluff and filler.
5-20-2015 Intel Guru TNT Tony On Iraqi television, Abadi held a news conference at 11pm to announce things are moving forward. He did not express any concern over the ISIL situation, and said that there would be major economic reform in the next day or two. There is not a lot to do over there except for DO IT! Some people on this side expected it to be done today, and they have scheduled rehearsal for tonight, tomorrow, gearing up for a flood of people to come in. They are telling their staff that they want to run through this one last time. I think it might be a great day for us! [post 2 of 2]
5-20-20-15 Intel Guru TNT Tony [via Adept1] In Iraq a lot of good things are going on. There were meetings last night and passed a couple of laws. They got the GO this morning, clear sailing for everybody. It looks good! There are no problems over there, even in Ramadi. They have Mosul under control. We have a guy over there... in Kurdistan... saying...and the rate was $22 for 25 dinars...those we talked to in Baghdad today don’t yet have it. Their friends and relatives do have it and are spending at that rate. Baghdad will not get this until it is announced, which is when we get it as well. [post 1 of 2....stay tuned]
5-20-2015 Intel Guru SteveI This is an investment into a country with...very rich vast assets to back up a more valuable currency than what it is at this point in time. One year ago ISIS was not a factor, but now it is. ...ISIS will not be here forever. I have some very close contacts and ties to this and I will not in a million years bail now. (maybe not ever) with what I know.
5-20-2015 Intel/Newshound Guru tman23 The CBI SAID...The "NEW" must come FIRST...(are they meaning the new lower denominations) AS A PRELUDE TO LIFTING THE 3 ZEROS FROM THE CURRENCY... If they are speaking of new lower denominations...THEN when they introduce them...SHORTLY AFTER (and there will be a time frame) THEY WILL TAKE AWAY THE LEGAL TENDER STATUS OF THE 3 ZERO NOTES...MEANING THEY WILL NOT BE ACCEPTED IN THE MARKET...BUT WILL BE EXCHANGED FOR A PERIOD OF 2YRS OR 10 YRS...(WHAT EVER THEY DEEM AN APPROPRIATE TIME).
5-20-2015 Intel Guru TerryK YOU ALL READY FOR THIS RI? I'M HEARING IRAQ IS GEARING UP FOR A BIG PUSH AGAINST ISIS. SO HERE IS THE QUESTION...HOW CAN THEY AFFORD THAT?
5-20-2015 Newshound/Intel Guru Bluedog "The White House Office of the Press Secretary For Immediate Release May 19, 2015: Notice -- Continuation of the National Emergency with Respect to Iraq. NOTICE: CONTINUATION OF THE NATIONAL EMERGENCY WITH RESPECT TO THE STABILIZATION OF IRAQ. "...the national emergency declared in Executive Order 13303, as modified in scope and relied upon for additional steps taken in Executive Order 13315 of August 28, 2003, Executive Order 13350 of July 29, 2004, Executive Order 13364 of November 29, 2004, Executive Order 13438 of July 17, 2007, and Executive Order 13668 of May 27, 2014, must continue in effect beyond May 22, 2015." ...BARACK OBAMA. ITS ALL GOOD IT PROTECTS A WHOLE LOT OF THINGS FOR ANOTHER YEAR...FOR ONE THING (INVESTORS).
5-20-2015 Intel Guru Mnt Goat ...the RV will have much higher market rates using the market rates once international however the agreed to program rates are not in these new revalued rates coming out shortly. So they must stick to the program rates and won’t increase them until parliament approves a higher rate in the future, if and when they approve it. In short these special welfare like programs will not ever be using the market rate or the currency exchanges in these transactions. Iraq can begin using these cards to payout on these special welfare like programs TOTALLY UNAFFECTED BY THE RV...It does allow continued payment to citizens residing offshore but yet avoids going international with their currency. [post 2 of 2]
5-20-2015 Intel Guru Mnt Goat ...we see the resurfacing of the Mastercard contract with Iraq. I want to tell you this does not put any more pressure on Iraq to RV but is a good sign since it a progression in the plan to see the RV shortly. ...Mastercard had to make some software changes to accommodate Iraq’s special request to use their services for citizens using the cards for payments of...social programs when out of country. Why did they have to do this? Because for these special welfare like programs Iraq will only be paying out certain amounts to the people. [post 1 of 2....stay tuned]
5-20-2015 Newshound Guru Breitling Twice a day I get these emails [You talk about Iraq and you talk about these articles well I've got a friend in Iraq and he says he doesn't see these articles or they are not talking about that…he's in the banking industry.] It's real simple…go to your local bank and ask them where the value of their money comes from…they have no clue. I'm not saying their friend is an idiot but don't ever assume, you're looking for data not someone's opinion, you're looking for numbers, you're looking for fact and sometimes you can ask a friend who will lead you to that and that's fine…but "I have a friend in Iraq and he says that's not what he's reading" What the hell's that supposed to mean? I live in the United States and I'm surrounded by people who have no clue how this all works. Their own currency. The economy. Absolutely clueless. You just need to confirm numbers and then compare.
5-20-2015 Newshound Guru Adam Montana 2. We're still on the verge of major HCL movement. If we get immediate movement on those two things, or a couple of other key items, then we might see pressure on Parliament to break tradition and actually sing some high notes during Ramadan. The timing of everything is key right now. So to answer the rest of your question, YES it is possible to see major activity from Parliament, even during Ramadan. I always said it wasn't likely in the past, but this year could be different, depending on how things go over the next couple weeks. [post 2 of 2]
5-20-2015 Newshound Guru Adam Montana [During Ramadan, does the Iraqi parliament meet at all or is it in recess until the end of Ramadan? If it is in session can they pass any legislation on things like the HCL?. And is it legal for the Bank of Iraq to RV during Ramadan?] ...you aren't the only one that gets confused on their Parliamentary process! I've always said in the past that nothing major happens during Ramadan...and I don't have much reason right now to think that will change, BUT we have a couple of pending things. 1. The US is now moving in favor of adding more support to Iraq with the motive of defeating ISIS. [post 1 of 2....stay tuned]
5-20-2015 Intel/Newshound Guru Poppy3 [Have you heard anything about the dong lately?] THERE HAS BEEN TALK ON THE DONG AT THE WORLD BANK MARKET PROGRAM BUT NO DECISIONS HAVE BEEN DISCUSSED PUBLICLY AND I DOUBT THEY WILL BECAUSE IT IS ALREADY TRADEABLE AND RECOGNIZED GLOBALLY. THE DISCUSSION WAS THE EFFECT THEIR SUDDEN GROWTH IN ECONOMY WITHOUT A RATE CHANGE . WSJ [WALL STREET JOURNAL ?] OF COURSE STATED LAST FALL THEY HAD THE 5TH FASTEST GROWING ECONOMY IN THE WORLD. THEY LIKE IRAQ CAN POP AT ANYTIME. I WILL REPORT ANY NEW NEWS THAT IS CONFIRMED. [do u have any idea what are they sayin bout the rate...?] ALWAYS HEARD THE SAME RATE...FROM 3 CENTS TO A NICKLE.
5-20-2015 Newshound Guru Millionday TODAY [TUESDAY] IS THE DAY THAT THE "IMPORTANT LAWS" WERE TO BE VOTED ON -- THE HCL IS TO BE ON THURSDAY ACCORDING TO REPORTS.
5-20-2015 Newshound Guru Enorrste I will add one more point: the current deficit in Iraq is about 34% of GDP. Our deficit in the US is 101% of GDP. This alone proves that Iraq is not on the verge of bankruptcy. Actually its deficit is about average for developing countries in relation to its GDP. And, the GDP is growing at a rate of 9% per year, meaning that the deficit, as a percentage of GDP, will fall. The US has run for two generations with deficits, and most recently with huge deficits. Most countries run with deficits. What makes Iraq any different? Just because their revenue covered their expenses for the last 8 years doesn't mean that "the sky is falling" because they fall short one, or even two or three years. If Europe and America can run on deficits without a catastrophe, so can Iraq. It is not the end of the world. This is a minor setback only. The bigger issue is the security problem. If and when that gets solved, then the exchange rate regime can be changed and all of this deficit talk will disappear overnight. Let's keep focused on the real problem, namely security. [post 2 of 2]
5-20-2015 Newshound Guru Enorrste Article quote: "Iraq stands now on the brink of a deadly pit is the possibility of a storm economic disaster..." Iraq is not on the verge of bankruptcy. They have issues, but they also have options available to them. The reserves are among the highest in the world in relation to the money supply. The GOI is in control of salaries, and can adjust them downward as necessary. Oil production continues to grow. There are a lot of companies that are seriously looking into investing in Iraq in the short term (I did a google search and found plenty of them). Admittedly, there is no "quick fix." The situation is difficult, but hardly out of control. Iraq is not going to "collapse"...It will weather the storm. Remember, growth last year was at about 9%. Just give these people some time and they will get the situation under control. No panic is called for. [post 1 of 2....stay tuned]
5-19-2015 Newshound Guru Millionday THE CENTRAL BANK GAVE OUT AN ORDER TO THE BANKS...THEY HAVE BEEN ORDERED TO APPLY INTERNATIONAL ACCOUNTING PROCESS. SO WHAT WE HAVE...IS CBI TELLING ALL THE BANKS TO APPLY THE BEST THEY HAVE TO OFFER...SO, THAT THE SCALE CAN BE COMPLETED AND THE ABILITY AUDIT CAN BE COMPLETED. THEY HAVE MANY TRAINED I HAVE BEEN TOLD AS WELL SO THIS IS THE ENDING OF THE BANKING REFORM FOR IRAQ...THAT THEY HAVE WORKED SO HARD ON...AND ITS INTERNATIONAL COMPLIANCE.
5-19-2015 Intel Guru Frank26 Ramadan is a time when Muslim’s sacrifice. To seek monetary gain during that time would be considered sacrilegious. But articles say “this is an age of expectation” I think it’s an age of exception. During Ramadan the Peshmerga army will still continue to fight (which is normally not allowed) because they are fighting to lift the value of their currency. “So Frank you don’t think that they’ll increase their value before June 18th...before Ramadan?” If they don’t do it before Ramadan they (GOI) won’t go anywhere. For the 3rd year in a row now...the GOI didn’t go anywhere during Ramadan. Ramadan is not a target date...EID is more palatable for it. [FYI – the first day of Shawwal, i.e., EID ul-Fitr is July 17th] Senator Kerry knows what’s going on and told Iraq that the USA will do anything... ANYTHING to support Iraq so that Iraq will raise the value of their currency. This thing is coming … be excited about it!
5-19-2015 Intel Guru Frank26 [via FrostyTheSnowman] The lava flow is moving in the right direction. The evidence is abound. About 3 weeks ago, Dr. Abadi came to the USA and asked for help. He needed troops, weapons, (protection for Dr. S) and money for Iraq. The IMF and the World Bank loaned them some money to get through April. They also needed some help to eliminate DAASH. The US Senate gave O [Obama] the permission to send in troops months ago...(not sure why O delayed) but we’re coming. SECURITY, SECURITY, SECURITY of Iraq is what is important. So what is going on in Ramadi? You need to understand...BAD NEWS (especially manufactured news) sells papers and advertising. Ramadi did not fall. It was given to them to gain intelligence. Cities are being secured BEFORE Ramadan! [post 1 of 2....stay tuned]
5-19-2015 Newshound Guru Millionday Article quotes: "Parliamentary Finance Committee announced, Monday, that the central bank in connection with the strengthening of the dinar by printing large local financial currencies." "pointing out that" the past years there was a project to strengthen the dinar and repaired by deleting three zeros from the Iraqi currency but has been postponed." THIS SHOWS THAT THEY ACTUALLY PLANNED ON MOVING FORWARD YEARS AGO OR AT LEAST SOONER. HE DECISION THEY HAVE MADE IS TO MAKE THE DINAR RELATIVE TO THE DOLLAR -- RELATIVE IN MEANING LIKE. I DONT THINK IT IS A COMMENT THAT GIVES THE VALUE -- BUT GIVES THE CITIZEN SOME UNDERSTANDING.
5-19-2015 Intel/Newshound Guru tman23 Back in late January Abadi asked for the citizens to be patient until June...And just less than 20 days ago he announced that starting July Iraq will be able to make all payments in full and on time... If they are going to open the books without zeros starting the second part for the financial semester...JULY...Then they must have a lead way into that event...meaning a time period to initiate. Sure it can happen anytime...just as anything can happen at anytime...But personally I expect the show to begin 6/14. If they open July with 3 zeros accounting...WE ARE ALL WRONG...But I don't see the Kurds and their economy waiting on Baghdad another 6 months. The Kurds just seen Ramadi fall because of lack of response from Baghdad...and Baghdad was warned 2 weeks in advance of what was needed... End of June...END OF THE ROAD!!
5-19-2015 Intel Guru TerryK ...was told this by a source, that iraq needs the funds more now to battle isis, so this maybe a good thing...But i had a breif call today, source told me we cant be any closer to this happening. I tend to agree with source, since the usa is not fighting them, iraq needs to ri the currency to buy more advanced weapons. All sanctions with iran are lifted, just offical announcements need to be made. Miliki to announce ri. [why does he get the honor?] Thats why he is still vp. Just remember who told you all who named the pm position all those years ago. He is still very well connected...Sorry to say.
5-19-2015 Newshound Guru Millionday [in your view, whats the hold up for this thing to pop?] I THINK THEY ARE WORKING ON THE LAST OF THE LAWS TO HAVE EVERYTHING IN PLACE -- I DONT KNOW THE DATE AND DONT KNOW THAT IT IS BEING HELD UP BUT AS [GURU] JOE P SAID YEARS AGO -- MAYBE IT IS RIGHT ON TIME -- THE INVESTMENT LAWS ARE COMING ALONG GREAT AS REPORTED AND THE HCL AND THE FEDERAL COURT ACT AND THE OTHER "IMPORTANT" LAWS ARE TO BE DONE TOMORROW [TUESDAY] -- SO CROSS YOUR FINGERS. [...why would they shelf the National Guard law?] THEY HAD SOME DIFFERENCES BY WHAT I READ IN THE LEADERS AND HAVE COME TO AN AGREEMENT -- IT IS EXPECTED TO BE ON THE AGENDA TOMORROW [TUESDAY] TOO SO WE WILL SEE WHAT COMES OF IT.
5-19-2015 Intel/Newshound Guru Poppy3 [according to bank of america exchange Kuwait rate is $3.82 so if iraq and kuwait share the same oil fields why would they come out less?] ACCORDING TO DR SHABIBI WHEN THEY RV THERE CAN'T BE MUCH DISPARITY BETWEEN THE RATES BECAUSE IT WOULD CAUSE IMBALANCE ON OIL TRADE ON THE OIL FROM THOSE SHARED OIL FIELDS.
5-19-2015 Newshound Guru wmawhite Everything about this is OUTSIDE of Iraq...the revaluation is to other currencies outside of Iraq...Ramadi doesn't affect the IQD outside of Iraq.
5-19-2015 Newshound Guru Enorrste Think about what happened over the weekend. Ramadi falls. ...ISIS is a serious concern. You are mistaken that they control 1/3 of the country. It isn't nearly that large. Still, the loss of Ramadi is significant... Is this a good time for the CBI to MOVE FORWARD or, instead, a good time to buckle down and keep the ship afloat? It really is just that simple, folks. I am not "throwing in the towel." Not at all. There is a process involved here, and it must work its way out. I noted, for instance, that the major "accountant" for ISIS was captured or killed today in Syria. In addition, a number of computers were retrieved as well as cabinets full of documents. ISIS funding will dry up shortly, in my view. Thus, it would not surprise me to see the tide turn, possibly dramatically, in the near future. [post 3 of 3]
5-19-2015 Newshound Guru Enorrste Now we see this "unprecedented" move of lending money to banks...for INVESTMENT purposes. Furthermore, $5 billion in investment will go a long way toward jump starting the small and medium businesses in Iraq. What could be bad about that? Nothing! Who would better know what is needed than the CBI? ...it is important to realize that this is an international event, and a nation that isn't stupid, as some might believe. These people may act differently and on a different time frame than we do, but they aren't stupid. These people not only are seasoned, in most cases, but they also have the backing of the IMF and WB. They don't do things in a vacuum. I also think that it is a good decision, even if unprecedented. They aren't risking the whole pie...They are just trying to jumpstart some needed economic growth. Give this time. That is one thing that Iraq is very good at exploiting. [post 2 of 3....stay tuned]
5-19-2015 Newshound Guru Enorrste Article: "Iraqi Central Bank lends banks $ 5 billion at the request of Parliament" Quote: "Central Bank of Iraq has decided for the first time in its history, opening its vaults, and start lending sector and civil government banks the amount of $ 5 billion." The plan has existed since 2007 and is still intact. Blips have occurred along the way numerous times. Saleh was arrested; Shabibi had to leave the country; Maliki was a serious setback; Turki was a fool. In addition to that, Iraq moves at a snail's pace. HOWEVER, and this is very important, the long view is very solid. The CBI is clearly on record with a GOAL that is consistent with the character of the country. No small "blip" is going to change that, and no single event is going to change the "plan". We saw [some] freak out with the announcement of the introduction of the larger notes (50 and 100k) only to find out that Saleh had talked about it 4 years ago, AS PART OF THE PLAN! [post 1 of 3....stay tuned]
5-19-2015 Newshound Guru Kaperoni Article: "Iraqi Central Bank lends banks $ 5 billion at the request of Parliament" Quote: "Central Bank of Iraq has decided for the first time in its history, opening its vaults, and start lending sector and civil government banks the amount of $ 5 billion." The reality is that the banking sector came to Iraq in hopes of participating in the investment and reconstruction of Iraq. And the GOI, parliament and ISIL have stalled progress to the point that now the banking system is failing. We all knew this...we all saw it. You can only sell dollars at auction for commission for so long...and selling cars out back is not really banking business either. So the CBI is in a predicament...they are going to bail banks out using reserves to save the weak financial system. Certainly not a way to show the world you are ready for investors. Not a good solution any way you look at it.
5-18-2015 Intel Guru DC We are hearing that the rate is basically 86-90 cents. We’ve heard that from different independent sources. One thought is that Iraq has got tired of being clocked and are now saying ‘screw it!’, and another thought is that this is part of a slow rollout. We don’t know the overall plan, we just know that some markets have changed their prices and people are celebrating. Also, there are articles everywhere saying that MasterCard (the smart cards are based on MC) are now international. So people can spend money anywhere they want to, at whatever rate, and also available to retired Iraqis living elsewhere. [post 2 of 2]
5-18-2015 Intel Guru DC [via Adept1] It was a frustrating weekend, and we continue to wait. No change from Friday, really: frustration is high, they are blaming the US. While Ramadi is important, there is nothing that cannot be overcome quite quickly and ISIL is on its way out. Ramadi is...is mostly uninhabited, and...more radical than most parts of Iraq. The town has been physically destroyed by fighting in the last decade. They are already taking the town back; I do believe that ISIL may win a few battles but they have definitely lost the war. They are on the retreat. ...we’re getting unofficial reports...from four different people. [post 1 of 2....stay tuned]
5-18-2015 Newshound Guru wmawhite [Do you think the rate could show on a bank screen before showing on CBI?] No, because any value will first be provided by the CBI. [i would like to know, why usa is so difficult to get real banker to submit info?] If the bankers in the USA told the truth about the IQD they would not have any employees the day after the RV.
5-18-2015 Newshound Guru Millionday [i do not understand who is holding this up?] NOTHING SAYS THERE IS A HOLD UP -- A PLAN THIS SIZE WOULD COME WITH A DATE IMO -- AND WHAT IT IS WOULD BE THE QUESTION -- AND CBI WOULD HAVE THE ANSWER -- I DONT SEE A HOLD UP BUT DO SEE A LOT OF ACTION GOING ON. THEY ARE CONTROLLING THE IQD IN IRAQ AS IT IS PART OF THE INTERNATIONAL EQUATION AND THEY ARE REMOVING AS MUCH AS POSSIBLE OF THE US DOLLAR SO THAT THE SUPPLY OF THE DINAR IS MUCH MORE THAN THE US DOLLAR FOR THE MONETARY POLICY AND ECONOMIC REFORM -- THE RESERVE AND SDR AND INTERNATIONAL ACCOUNTING COMPLIANCE HAS BEEN ORDERED -- BUT THAT IS JUST MY OPINION.
5-18-2015 Intel Guru TNT Tony [via Adept1] Let’s talk about Ramadi a bit more. I want people to understand this because it was all over the news over the weekend. ISIL raised the flag, but things aren’t always what you hear or see. Take it with a grain of salt, and know they are a couple of days behind with the news. There was a meeting on Friday night and they were directed to initiate the international rate. On Saturday, MasterCard is fully international, at the exchange rate of the country where you are using it. On Saturday/Sunday, we found the rate was $22 (USD) to 25 dinar. We talked to government people in various places, and they confirmed that rate. They said, “This is our RV; it’s a go!” They have to start with an official international rate, and then they can publish the real rate. The next 24-36-48 should see something now that it’s so widely known. The MasterCard article has said that they are able to use those cards today, and that means that there must be international trading rates in place. They have set up a new window, and it should be this week...some people are suggesting June, but I don’t think it will take that long.
5-18-2015 Newshound Guru Mountainman The MONETARY REFORM and ALL EVIDENCE is moving Forward! Everything Else contradicting these Facts are Cow Patties IMO. Do people really think that The Globe did not anticipate a Fight to the End of this MR...and then some? Of Course they did...Most of the so called MEDIA doesn't have ALL the facts for a Reason...it's Called Conditioning the Minds of the Masses!!! Remember Tikrit and Kirkuk...Weeks ago same Cow Patties from the same MEDIA...then BAM, Bam, Bam...Technology, Intel on the Ground, BOTG [BOOTS ON THE GROUND]...Now being Noted at "The END"!!! RAMADAN is Coming and this Country will be VICTORIOUS, UNITED, and PROSPEROUS!!!
5-18-2015 Newshound Guru wmawhite [many of the things they are working on hass been going on for years i know this is a huge process but it could still take much more time right?] If it was going to take much more time why continue to push forward with all of the reforms. Why not wait? IMO, the CBI, GOI, Parliament, WB, IMF are pushing because the CBI wants to do this now...IMO.
5-18-2015 Newshound/Intel Guru BGG [I asked why the 250 notes are going for 2800 per mil and the 25k notes are going for 1050 per mil. With the way the 50s were brought in without a rate change, you would logically think the lower notes wouldnt be more valuable, at least not almost 3 times more, than the 25k notes?] supply and demand. Some investors want to buy and hold them for "post-shift"...AKA - RV, Value change, etc, etc. - the dealers know this so they can get a premium right now...which should be a dead giveaway as to where this thing is headed.
5-18-2015 Intel/Newshound Guru Backdoc JUST LIKE EVERYONE WANTING TO GET INTO IRAQ FROM MIDDLE EAST COUNTRIES, WE SEE THE SAME PROCESS OCCURRING IN VIETNAM! WHY? BECAUSE IN BOTH CASES THESE COUNTRIES KNOW WHAT IS COMING AND THE "BING, BAMM, BOOM" THAT IS ABOUT TO HAPPEN IS GOING TO RAISE ALL SHIPS FLOATING IN THOSE TWO REGIONS!! THEREFORE, EVERYONE WANTS IN WHILE THE GETTING IS GOOD!
5-18-2015 Intel Guru Jester THE BEST CONTACTS I HAVE SAY IT WILL BE A BIT OF TIME... AND I HAVE HEARD TIME FRAMES FROM MID SUMMER TO EARLY FALL...THE ONES SAYING SOONER HAVE NOT BEEN RIGHT YET AND THE ONES SAYING LATER HAVE... SO I AM BASING A LARGE PERCENTAGE OF THAT COMMENT ON THAT FACT.
5-18-2015 Newshound Guru wmawhite [It just seems with SO MUCH that is happening, they HAVE TO make the move to take the next step forward.] you are correct...they do. [Just way way way to many agreements have been stated then we have EVER seen in so many years...why all these agreements?] you are correct...remember all of those trade agreements Iraq inked over the past year? Those are the countries that will help in supporting the new value of the IQD. [post 2 of 2]
5-18-2015 Newshound Guru wmawhite ...the CBI has told us that the note count has continued to be reduced. And why reduce the note count? It is like any other commodity on the market...when there is less of something that is needed by the consumer...it becomes more valuable. It is easy to confuse subjects: currency on the street with the eventual increase in the value of the IQD outside of Iraq. ...when we see articles about the currency, amount of currency, with zeros, without zeros...this is about what notes the citizens will have in hand. They are not speaking about the international exchange rate of the IQD. However, those subjects are influenced by the eventual increase in the value of the IQD...for example, how does a IQD notes become more value to a citizen in Baghdad? Not just because someone says it is...instead, by it buying more. And how does that happen? By it becoming more value outside of Iraq...where the Iraqis purchase 90% of their goods. [post 1 of 2....stay tuned]
5-18-2015 Newshound Guru Millionday [What indicator removes the rate that was thrust upon IRAQ.] CBI IS INDEPENDENT AND HAS THE JOB OF RELEASING THE EXCHANGE RATES...CBI SAID WHEN THE TIME IS RIGHT THEY WILL RAISE THE VALUE OF THE DINAR AND RELEASE THE INTERNATIONAL RATES. IT WAS IN A REPORT WHEN THEY STATED WITH THE BANKS THAT THEY WERE READY TO MOVE FORWARD WITH THE MONETARY POLICY AND ECONOMIC REFORM/BANKING REFORM --- IT WAS MONTHS AGO.
5-18-2015 Intel Guru Mnt Goat Some say it will never reach a June timeframe. Really? They are now slowing changing their tune as we get closer to June. NO SECURITY, NO NEEDED LAWS = NO RV! LAWS are needed to fully implement their constitution and Reconciliation Reforms, a full requirement by the USA prior to any RV. SECURITY so investors can flock into Iraq. Remember they are trying to establish a capitalistic democracy and not just a democracy. This capitalistic democracy machine, a combination of democracy and capitalism, takes on a new face as it gets turning and running...once it is moving the cash flows are amazing and all can benefit... The revaluation of their currency is just the aftermath of the process and many want to put the cart before the horse. Can’t be done! So we will just have to wait and watch while all the pieces are in place. Soon the engines will be running and Iraq will begin to run on full throttle. Then they will RV their currency somewhere in this process but we can only try now to predict when. The optimistic side is this is very nearly all done.
5-17-2015 Newshound Guru Millionday Article quote: "Rafidain Bank announced the issuance of a smart card for displaced families in all provinces of the country..." UNDERSTAND THAT THE CARD IS A MASTER CARD WITH ALL OF THE BENEFITS THAT ARE GIVEN GLOBALLY -- IT IS MASTERCARD -- IF YOU LOSE YOUR CARD IN SOME OTHER COUNTRY -- THEY HELP -- IF YOU GET PAID WHILE OUT OF COUNTRY -- IT IS THERE -- THIS IS MASTERCARD --- AND BACKED BY MASTERCARD -- GREAT GREAT NEWS. [So does this mean that the currency of Iraq is going to be internationally recognized? And what about the program rate. What is going to move/lift the program rate?] THE USE OF THE MASTERCARD OUTSIDE OF IRAQ WILL HAVE TO MEAN THAT THEY ARE INTERNATIONALLY RECOGNIZED LOGICALLY -- BUT WE ALSO HAVE AN INTERNATIONAL COMPLIANCE ORDER BY CBI -- SO THIS MAY BE COMING AND NOT HERE YET -- WE WILL WAIT FOR INK AND MAKE NO GUESSES.
5-17-2015 Intel Gurus TNT Tony & DC [via Already Blessed] EVERYTHING IS GREAT...NO BAD NEWS...HANG IN THERE!
5-17-2015 Intel/Newshound Guru Backdoc WHAT I FIND INTERESTING IS THAT IRAQ USED CURRENCY AUCTIONS TO REDUCE ITS' NOTE COUNT BY SELLING DOLLARS AND PULLING IN DINARS. THEY WOULD SIMPLY DESTROY THEM OVER TIME TO REDUCE THE NOTE COUNT. AND NOW WE SEE OZ BEHIND THE CURTAIN USING CONTRACTS FROM COUNTRY TO COUNTRY TO REPAIR THE DINAR BEHIND THE CURTAIN. SOON IT WILL BE RE-INTRODUCED TO ITS' "FORMER GLORY" BUT THE VND HAD TO USE A DIFFERENT STRATEGY. I BELIEVE WHAT THEY DID TO REDUCE THE NOTE COUNT IS EXACTLY WHAT IRAQ IS DOING NOW, USING CONTRACTS! BRILLIANT, RIGHT IN PLAIN SIGHT. WHY ELSE WOULD 80% OF THEIR DEBT BE IN DOLLARS? I THINK AN ASIAN SURPRISE IS IN THE MAKING RIGHT BEFORE OUR EYES! [post 2 of 2]
5-17-2015 Intel/Newshound Guru Backdoc VIETNAM BANKS ARE AMONG THE LARGEST COMPANIES IN THE WORLD IN RESERVES AND POWER. THE BANKS THERE HAVE CAREFULLY SHIFTED 80% OF STATE DEBT INTO DOLLAR DENOMINATED INSTRUMENTS. THIS IS MORE THAN HUGE! THIS IS AMAZING! THEY DID THIS HIDING IN PLAIN SIGHT! JUST RECENTLY VIETCOMBANK BOUGHT1 BILLION IN FOREIGN BONDS IN A DEAL CALLED "CLEVER"! IT APPEARS AS THEY SAY THEY ARE PREPARING THEIR FOREIGN RESERVES IN SUCH A WAY AS TO PROTECT THEM FROM A "SHOCK" FROM THE DONG HAVING A SHARP APPRECIATION. THESE BANKS HAVE BEEN ENCOURAGING FOREIGN INVESTMENT TO BOOST THEIR RESERVES WHILE CONSOLIDATING DEBT IN DOLLARS AND DESTROYING THEIR NOTE COUNT IMO! [post 1 of 2....stay tuned]
5-17-2015 Newshound Guru Enorrste In no way does this threaten our investment, since the change has already taken place. More to the point, the "plan" as we know it is continuing forward in the face of this change from 1166 to 1305. Finally, I do not expect the official rate to change. This is an ameliatorive move on the part of the CBI to temporarily reduce imports and lower the deficit somewhat. The point to be made here, then, is that the introduction of the larger 50000 and 100000 dinar notes will still move ahead, thus reducing the paper in circulation by up to 75%, then the float will be instituted and the dinar value will rise. [post 2 of 2]
5-17-2015 Newshound Guru Enorrste Article quote: "...the central bank has taken several measures to reduce the federal budget for the 2015 deficit, which exceeded the rate of more than 40%, including reducing the dinar exchange rate against the dollar, noting during their talk Agency / JD / that the reduction rate of the dinar against the dollar is a cure, but over because it will raise the rates of inflation and reduces the strength of the local currency, while the dollar swung the price will stabilize at 1300 dinars in the coming period." The article is very clear in that the reduction in the value of the dinar has already occurred, since the rate now...is 1305. The CBI has stated that it will stabilize at 1300, so we may expect them to begin procedures to do just that. [post 1 of 2....stay tuned]
5-17-2015 Newshound Guru tlm724 Article: "The Central Bank revealed higher cash reserve in May and is expected to continue" reserves just keep growing Wink...loving that, now bring on the value to match that wealth!
5-17-2015 Newshound/Intel Guru BGG I don't know that I agree with the Investment Law as directly required for a shift in the value of the IQD... However, I will say - it is HIGHLY likely needed to attract outside investment... which is required to support economic reform and also a key component to support such an increase in value...they all need to happen "roughly" around the same time...hours? days? weeks? IDK - but these issues are related.
5-17-2015 Newshound Guru Millionday Article quote: "Will be launched a smart card in the branches of the Rafidain Bank in the Arab countries and the first batch will be spent during the current month for them ..." SMILE -- CAN YOU TELL WHY THAT IS MY FAVORITE? THEY ARE LAUNCHED BUT IT CAREFULLY DOES NOT SAY ACTIVATED BUT THE BANK SAYS THIS MONTH. [Dinar or American dollar?] THE NATIONAL REGULATIONS THAT WERE SET A LONG TIME AGO WERE THAT THE NATIONAL CURRENCY OF IRAQ IS THE IRAQI DINAR. THEY HAVE NO GOAL TO MAKE THE DEMAND FOR THE US DOLLAR TO RAISE AND HAVE MORE VALUE -- THEY REALLY ARE MOST INTERESTED IN THEIR OWN GAINS AND VALUE.
5-17-2015 Intel/Newshound Guru Backdoc Article: "Vietnam, Russia to finalize currency deal this year" Quote: "Vietnam and Russia look set to complete procedures for firms of the two nations to settle payments in their domestic currencies this year" WOW! NOW THAT'S A SHOT IN THE ARM FOR THE VND CURRENCY VELOCITY. I LIKE THAT PART, "SETTLING PAYMENTS IN THEIR RESPECTIVE CURRENCIES"! WITH A GDP RISING OVER 6%, MOVE OVER ASIA THERE'S A NEW KID IN TOWN AND IF YOUR NOT CAREFUL HE WILL EAT YOUR LUNCH! Article: "Brazil wishes to expand partnership with Vietnam" THERE SEEMS TO BE NO END TO THE COUNTRIES STEPPING UP TO DO BUSINESS WITH THIS NEW ASIAN POWERHOUSE!
5-17-2015 Newshound Guru Millionday Article quotes: "Rafidain Bank announced on Saturday the launch of MasterCard exchange service for the salaries of retirees who are outside the country." THEY HAVE ANNOUNCED THE LAUNCH AND THIS IS FOR OUT OF IRAQ AND WITHIN IRAQ -- TO BE USED IN ATMS. [What about a rate?] THE REPORT TELLS US THAT IF THE PERSON THAT HOLDS THE MASTER CARD GOES TO THE ATM -- THEY WILL RECEIVE THE AMOUNT OF THE COUNTRY THEY ARE IN SO IT WILL BE WHATEVER THE EQUAL AMOUNT IS. [any timeframe yet on activation?] THE BANK HAS STATED THEY HAVE LAUNCHED THE MASTERCARDS SO WHEN THEY ARE ACTIVE HAS NOT BEEN STATED OR IT COULD MEAN THE SAME.
5-17-2015 Intel/Newshound Guru Backdoc IRAQ SPENT HOW MANY YEARS DOING CURRENCY AUCTIONS? MMMM MANY!! AND THE PURPOSE WAS TO DECREASE THE NOTE COUNT RIGHT? RIGHT! SO IF IRAQ WANTED TO INCREASE THE NOTE COUNT AND DESTROY ALL THE WORK THEY HAVE DONE FOR THE PAST NUMBER OF YEARS THEN WHY NOT OPEN THE BUDGET PUBLICLY AND PAY BILLS AT THAT LOWER RATE? BECAUSE IT HAS ALWAYS BEEN THE PLAN TO RESTORE THE DINAR TO ITS' "FORMER GLORY".
5-17-2015 Newshound Guru Kaperoni Article: "Rafidain Bank launches MasterCard service for the disbursement of pensions out of the country" This proves that they do not need to be in Article VIII for international convertibility. The dinar is convertible now. The issue is that the CBI is not IMF Article VIII compliant so any bank or merchant who chooses to do business with them, takes on the potential risk. Clearly the CBI has made an agreement with the card merchant, banks to ensure these transactions are processed.
5-16-2015 Intel/Newshound Guru tman23 ...Barzani, the Kurd Region, the ESX, and the corporate investors on the sideline...NO 3 ZEROS...END OF THE ROAD is quickly approaching... Fasten your seatbelts and prepare for Launch or Impact!
5-16-2015 Newshound Guru wmawhite Currency reform is underway, the Governor of the CBI said so on 3 March 2015...and again a week later. It is happening...but we don't know what it is. When we get four articles about the same subject and each gives a different story or intent, then we are missing something...we are getting translations and the true context/intent is lost.
5-16-2015 Intel/Newshound Guru Poppy3 PLEASE LET ME ADVISE YOU ONE MORE TIME THAT ALL YOUR NEWS MEDIA CONTINUES TO BLOW IRAQ'S ISIS PROBLEM WAY, WAY OUT OF PROPORTION. I JUST GOT A UPDATED REPORT FROM BOOTS ON THE GROUND ADVISER IN IRAQ. HE AND THEY CAN'T BELIEVE THE NEWS TELLING US THAT TOWNS ARE UNDER ISIS CONTROL. HE SAID YES SOME ARE THERE IN DIFFERENT AREAS BUT THEY DO NOT HAVE CONTROL OF ANY CITY OR TOWNS IN IRAQ. HE SAYS SEVERAL GROUPS HAVE ATTEMPTED TO TAKE CONTROL OF DIFFERENT AREAS BUT HAVE BEEN DEFEATED AT EVERY ATTEMPT. ISIS IS NOT HOLD BACK THE RV IN ANY WAY.
5-16-2015 Intel Guru EXOGEN WHAT WE ARE TELLING YOU TODAY IS... DESTABLIZING A COUNTRY AND EXPEDITING A WAR, HELPS PEOPLE WHO FUND WARS MAKE MONEY ON BOTH SIDES. WHY DO YOU THINK THE USA IS EXPEDITING MORE WEAPONS TO IRAQ RIGHT NOW TODAY. THERE IS AN ENTITY THAT DOES NOT WANT STABILITY IN IRAQ FOR THE RI/RV TO TAKE PLACE. HOW CAN AN RI OR RV EVEN BE POSSIBLY IMMEDIATELY WHEN YOU NOW HAVE ISIS RAISING FLAGS ON TOP OF BUILDINGS IN IRAQ RIGHT NOW TODAY?
5-16-2015 Intel Guru Delta I LIKE TO REMIND YOU OF THE ARICLE THAT CAME OUT ON 12/10/14: "the Rafidain Bank in Dhi confirmed that the introduction of ATM depends on the zeros out currency" THEY ARE READY NOW!!!
5-16-2015 Intel/Newshound Guru Poppy3 ...AS POPPY3 HAS SAID MANY TIMES AND CHRISTINE LAGUARD HERSELF ANNOUNCED THERE IS NO MORE...NEVER HAS BEEN ANY SUCH THING AS A PLAN CALLED GCR...GLOBAL CURRENCY RESET. ANYONE TELLS YOU ANY REASON FOR DELAY FOR THE RV BECAUSE THE GCR ISNT READY HAS ZERO INFORMATION WORTHY OF YOU WASTING YOUR TIME TO LISTEN TO. NEXT...ANOTHER MYTH THAT THE PRICE OF OIL DROPPING STOPPED THE RV...THEY HAVE KNOWN THE PRICE WOULD FALL WHEN THEY WENT BACK GLOBAL WITH THEIR OIL. PROVEN FACT BECAUSE THE MARKET WILL BE FLOODED PRICE ALWAYS FALLS. PLUS REMEMBER WHEN THEIR RATE WAS $3.22 BEFORE THE WAR...OIL WAS ONLY $31.00 A BARREL...HALF WHAT IT IS TODAY....OUR MONEY IS COMING...GET YOURSELF PREPARED.
5-16-2015 Newshound Guru wmawhite [HOW CAN THE CBI ADVANCE WITH THE DINAR? ISIS HAS TAKEN OVER ANOTHER MAJOR CITY?] Let me ask...is the re pricing of the IQD inside of Iraq or is it outside of Iraq...it is internationally...not in Mosul, not in Ramadi...outside. This is an international financial electronic event. ...some of you do not understand what the purpose is for a country to increase or decrease its international value of its currency. It has so little to do with what is happening on its streets. Instead, it gets a country greater leverage when buying or selling outside its borders. IMO the re pricing of the IQD will take place long before the flood gates open to the world of investors. The IQD will have a new value before they arrive...
5-16-2015 Newshound Guru Breitling Let's talk about the 50k and the 100K note. Here's the reality…this was talked about 3 or 4 years ago so much. Back in those days they hadn't started getting rid of the notes out of the market yet. So if they came out with a 50K note that would have meant they were ADDING note to the market and it wasn't going to revalue if they added those note but NOW they are getting rid of the notes. What is different now? The articles are saying they are being used in conjunction to reduce the note count itself. They are reducing the note count but the pace is completely different. Will it put a ceiling on what you and I can make? Yes it will…what is that ceiling? I don't know. [Post 2 of 2]
5-16-2015 Newshound Guru wmawhite "the Ministry of Transport awarded approve the creation of a single airport, is the Middle Euphrates Airport". It should be noted that the Middle Euphrates Airport needs $ 450 million to start is the infrastructure for it." This is where the Investment side of the budget comes into play...this is where the new value of the IQD is important. There is not enough IQD in the solar system to pay for the this airport...at 1166.
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