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Official Central Bank of Iraq (CBI) Dinar Rate:
1182 IQD to 1 USD
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8-31-2016 Newshound Guru Kaperoni Article: "Central urges expansion of banking activities" They are starting to roll out banking reforms, ever so slowly. You cannot have private investment or a market economy without it. We need laws but the wheels are turning.
8-31-2016 Newshound Guru rcookie [how about a reality, (real) rate based on their assets?] A COUNTRIES ASSETS ARE ONY A SMALL PORTION OF BASIS OF CURRENCY VALUATION...ASSETS ARE BARELY IN TOP 10 DETERMINANTS...WE SHOULD BE LOOKING AT INFLATION...INTEREST RATES...CURRENT ACCOUNT DEFICITS (TRADE BALANCE)... PUBLIC DEBT...TERMS OF TRADE BALANCE OF PAYMENTS...AND POLITICAL STABILITY & ECONOMIC PERFORMANCE.
8-31-2016 Intel Guru Bruce ...it is very quiet overall. We know a lot happened in Iraq that is relevant to the timing of this going. WE know Iraq has passed and enacted the two laws...judicial law...and amnesty law ...and printed in Gazette. The key cards have been out; the rates on these cards are over 5 dollars. Iraq has plans to go up on their rates from where it is now. WE understand there is a time line and we are at the end of the timeline. WE are coming down to the wire.
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8-30-2016 Newshound Guru rcookie Article: "Urgent: Cabinet vote on the 2017 budget" Quote: "Cabinet voted Tuesday 2017..itba the draft budget law." SO...CABINET HAS VOTED ON 2017 BUDGET AFTER AMENDMENTS..
8-30-2016 Intel Guru SteveI ...they will change the value on their terms and timeline, so just let it come to you, and it will.
8-30-2016 Newshound Guru rcookie Article: "Urgent: the capture of the private financial officer to "Khaled al-Obeidi" Quote: "Issued judiciary on Tuesday ordered the arrest of chief financial officer of the former defense minister." ...[THEY] ARE FALLING LIKE DOMINOES...335 CORRUPTION CASES RETURNING 335 MILLION IQD TO STATE TREASURY...IN JULY ALONE!
8-30-2016 Newshound/Intel Guru BGG [Kurdistan wants to secede and Obeidi said OK, whats up with that?] Obeidi is gone...He carries no weight - whatsoever...However, Abadi - on the other hand, may "project" he is OK with that (for now)... but I don't see it. The Kurds don't have the money or ability. They know it. They are just pushing for whatever they can get...maybe they are after some territorial concessions... threaten to leave... stay if they get some additional territories... or get some solid hold on what should have been theirs all along...one way or the other - they will stay.
8-30-2016 Intel Guru ADMINBILL THOSE THAT ARE TALKING ARE ALL SAYING THAT ON OR BEFORE SEPTEMBER 1, 2016 IS SIGNIFICANT FOR DINARLAND. WORD IS THAT IRAQ SHOULD SEE THE RELEASE OF THEIR NEW PAPER AND COIN CURRENCY TODAY. ALL IS SAID TO BE COMPLETED WITH THE INCLUSION OF A CERTAIN 2013 DECREE TO BECOME ACTIVE AUGUST 31ST. THOSE THAT I TALK TO CONTINUE TO BE VERY POSITIVE. SO ARE THEIR SOURCES.
8-30-2016 Newshound Guru Phoenix3333 Article: "Oil Minister Pledges To Increase Production And Open Investment Prospects" Oil Minister Jabbar Laibi vowed to proceed with the negotiations with the licensing rounds firms to handle contracts concluded with them loopholes that they contain, vowing to increase oil production and the opening of investment prospects for the development of the filter sector, as called for a balance between supply and demand in the oil market, he emphasized his support for the policy of OPEC and strengthened."
8-30-2016 Newshound/Intel Guru BGG [How long do you think they need before the change the value of dinar.] they are moving FAST... things look good.
8-30-2016 Intel Guru ADMINBILL I AM HOPING THE NOISE I AM HEARING ABOUT SEPTEMBER 1ST ARE MEANINGFUL. SINCE WE ARE NOT THAT FAR AWAY WE WILL NOT HAVE LONG TO WAIT TO FIND OUT. I HAVE SEVERAL CONTACTS THAT ARE VERY EXCITED STILL ABOUT THIS MONTH AND SEPTEMBER 1ST WORKS IN THEIR SCENARIO AS WELL AS AUGUST 31ST IN MY OPINION. COULD IT BE LATER? THAT'S A RHETORICAL QUESTION OF COURSE. THIS IS DINARLAND. THE ODDS OF THIS BEING COMPLETED BASED UPON PAST EXPERIENCE IS ALWAYS AGAINST US BUT ONE DAY SOON IT WILL BE.
8-30-2016 Intel/Newshound Guru tman23 The last comment from the CBI regarding the 2013 IQD series was that the new 50,000 note "COMPLETED" the 2013 series... The question now is... Does the CBI have a 2016 series ready that include the 3 zeros on the notes...or do they have lower denominations printed... The liberation of Mosul could be the event that lifts off the announcement of currency reform implementation as a security measure to ISIS and the theft of IQD etc... BUT that does not exclude the possibility that Iraq could make the announcement tomorrow or the next day... [post 2 of 2]