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1-20-2017 Intel Guru Bruce Tuesday night we talked about is the plan for us to have this blessing prior or after the inauguration of President Trump. On Tuesday I told you I believed the intention was to have it prior…we still do not have the Go signal…I am not sure I can say it will happen prior to the Inauguration. Could something happen over night? It could be possible. Maybe all breaks loose with the release we are looking for…shortly after the swearing in of the new president. That would be wonderful. We are hearing also Iraq’s Prime Minister Abadi is in Iraq still and is sort of waiting for the announcement to come so that he can release the dinar internationally. It has been revalued in the country. I am excited where we... The timing is close. I believe everything is ready. Our time is coming shortly.
1-19-2017 ** Dinar Guru Community News ** I'm saddened to report the dinar community has lost another guru. Guru RCookie has passed at the age of 53. Whether you agreed with his thoughts on the dinar or not he brought passion and a unique perspective for us all to enjoy and debate. RCookie added much to the conversation. He will be missed dearly. Our thoughts and prayers are with his family. The latest guru posts will continue below...
Get caught up on last night's 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 takes a sec sec...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.
1-19-2017 Intel Guru RayRen 98 WE ARE NOW UP TO 21 BANKS, 3 CREDIT UNIONS & 5 CURRENCY EXCHANGE DEALERS AND COUNTING...180 DEGREE CHANGE - THEY ARE NOW EXCHANGING THE IRAQI DINAR. FOR ALL INTENTS AND PURPOSES, INTERNATIONAL ACCEPTANCE IS UPON US!
1-19-2017 Intel Guru ADMINBILL I WOULD SAY THAT FRANK'S [GURU FRANK26] WINDOW IS VALID FOR A NUMBER OF REASONS. (20th of Jan. to the end of the 1st quarter) PRIMARILY THE FIRST QUARTER INCLUSION IN MY PERSPECTIVE WOULD INCLUDE THE PUBLIC PAYOUT WHICH ALLOWS THE VALUE OF EACH CURRENCY TO STABILIZE. [i see the can getting kicked down the road again...] FROM WHAT I HAVE BEEN TOLD OUR CAN WILL BE OPENED VERY SOON. IT IS MY IMPRESSION THAT THE GOAL IS TO HAVE THE MAJORITY OF CURRENCY EXCHANGED IN THE FIRST QUARTER. MANY COUNTRIES ARE INTRODUCING NEW CURRENCIES AND WOULD LIKE TO HAVE THE OLDER DENOMINATIONS BACK IN THEIR POSSESSION TO BE DESTROYED. I WOULD ASSUME THAT AT SOME TIME IN THE FUTURE THE OLD CURRENCY WILL NO LONGER BE ACCEPTED AND BECOME WALL PAPER.
1-19-2017 Newshound Guru Breitling So I back everything I say by numbers…When’s the starting point? The CBI doesn’t even know…Like I said it’s all market based…I have not lost any confidence at all. I’m just as confident as when I first got into it, in fact more so because remember when I first got into this we projected that based on the information we had at the time it was only going to go to .4 cents per dinar. That was it. Then the CBI, Ministry of Planning, the Minister of Finance…these guys changed their minds. It’s all there in black and white. Nothing’s changed. So you should be very very confident in the numbers. It’s not my opinion. My whole message is not about opinions. You can eliminate all opinions.
1-19-2017 Newshound Guru mike M0 money supply is my main sticking point to adding value to the dinar. I'm "all in" with the data from the CBI that relates to how much currency is out and I can't see a sudden rise in the dinar. Let's see what happens in the first or second quarter...
1-19-2017 Intel Guru Frank26 Iraq will be international...better yet Iraq is international...it is just that no one is doing any business with them right now...because they have a program rate because that would be illogical to do business with a program rate...in fact...Allak never said we are going to be international at a program rate...no...he said...we are going to be international and to lift the 000’s would definitely benefit us...he talked about adding value... ...on the CBI website...all in Arabic ...they are all sitting there with empty slots waiting to be filled in... [reference Guru Frank26 post 1-18-2017] [post 2 of 2]
1-19-2017 Intel Guru Frank26 ...I made a mistake...I told you that Abadi needs to be in-country for the RV to occur...my humblest apologies...Abadi does not have be in Iraq for the RV to occur... [Guru] DELTA...said that Abadi needs the Monetary Reform...the CBI needs the Monetary Reform...the GOI needs it...for their international credit...for their trust... They are working on a lot of laws...these laws are for the GOI...not for the CBI...the CBI has all the laws they need...we told you the CBI is sitting there waiting waiting for the GOI to pull the trigger...waiting for Abadi to point at the CBI whoever is in charge out there and pull the trigger...the CBI has all of their laws...in fact their laws are for international structure and standards...the CBI is ready. [post 1` of 2....stay tuned]
1-19-2017 Intel Guru ADMINBILL OTHER THAN A NEW START LET'S SEE WHAT FRIDAY BRINGS US. I CONTINUE TO HEAR GOOD INFORMATION THIS AFTERNOON [THURSDAY]...
1-18-2017 Intel/Newshound Guru Mnt Goat Article: "Anmguetrah announcement of the establishment of the Supreme Economic Council" Quote: "...It announced a number of business men and academics in the field of economics, Saturday, for a proposal for the formation of the Supreme Economic Council." wow! We have waited so long for this to happen, finally it is here.
1-18-2017 Newshound Guru Adam Montana ...I’m very upbeat about the Dinar right now. More so than I have been in quite some time! We have Budget activity that is more timely than at any point in recent history. We have major talks of buttoning up major aspects of the Infrastructure, which is key to this all coming together. We have open spots in Parliament that are slated for completion as soon as next week. And for the biggest, perhaps most exciting “clue” of the decade… Article: "Oil announces the completion of a draft oil and gas law and send it to the Secretariat of the Council of Ministers" We’ve got a few days or weeks, but things are MOVING in the right direction! This is a PERFECT time to make sure you've got your ducks in a row...and maybe even a "prep list" of things to be sure you have and ready to pack at a moment's notice! We are at a point where I feel a sense of urgency to get every last detail checked and fine tuned...BOY am I getting just a tad excited!
1-18-2017 Newshound Guru loop [Just curious if there is a purpose for why the CBI would put the banks through the process of selling the dollar on a large scale rather than change the value of the dinar first and negate the need for selling the dollar...any thoughts on that?] As Alak has said the selling of the dollars will continue at present. It is the way that their economy is functioning and to just stop it would collapse the economy. When the time is right to stop selling the dollars they will do so. It is a process and as anyone who is looking can see they implementing new measures everyday to to give themselves the greatest chance of success when they decide to do away with the imposed rate.
1-18-2017 Newshound Guru Breitling ...With the Iraqi dinar I stand by the numbers. The numbers say they’ve reduced the note count. They said they are going to add value to their currency. They have all the opportunity in the world to add value to their currency. They are not a 3rd world country like people think they are. They were in trouble and are in trouble and in financial chaos because of geopolitics. Can they get out of it? Sure. I personally think they can. I think they will. Can they get their currency back to the original value before Saddam Hussein started screwing with it? I think they can. That’s why I invested in it. That’s why I speculated and say I think they can do it and gamble on this. [Post 2 of 2]
1-18-2017 Intel Guru Frank26 ...one of the things that [Guru] DELTA has been watching for a while...the Indicative Rate on the CBI website on the Arabic side...there is no program rate since January 4th...he said you do know there are a total of three places on the website where we follow the program rate...he said yeah since January 4th of this year they haven’t put up any rate whatsoever on one of the three, but last...Friday morning all three slots are empty...I said obviously IMO I think they are getting ready to put up a new rate and remove the program rate they have had as handcuffs for a long time...the CBI cannot have two exchange rates as ones posted on the CBI website...it is against the law...that is why I think they took the program rate off the other two slots and all three slots are empty and ready to be filled in...there is a rate IMO...that is coming.
1-18-2017 Intel/Newshound Guru Mnt Goat Many articles are most revealing and positive. We know fixing the security breach with ISIS was planned for completion at the end of 2016. It has not yet happened and so we wait. It is my firm opinion (and the information told to me by my CBI contact) that it is now all a matter of physical security and banking stability. Huge, huge worry about money laundering and what might happen if they don’t fix this situation prior to the RV. Have you not seen them working diligently and very hard in these two areas lately? Why do you think they are doing all these reforms?
1-18-2017 Newshound Guru Breitling The currency reset? what the hell is that? It doesn’t even exist and people are buying dinar because of it? If you’re going to get into an investment get in for the right reasons. With that said…I back every single thing I say, every number that I watch…It comes from the CBI, the Ministry of Planning, the Ministry of Finance and Parliament. You can’t get around it. They are the ones who are saying they are going to add value to the currency…not me. I’m just following it. It’s not like one day I just woke up and said I should go out and buy dinar…Iraq has the ability to add value to their currency and they have the ability to do exactly what they said they are going to do…get their currency to a buck. [Post 1 of 2]
1-18-2017 Newshound Guru loop Article: "The central bank issued new instructions to regulate the process of selling the dollar" Quote: "...the instruction stresses the need to achieve the main objective of the Central Bank, a knowledge of the ultimate beneficiary and the preservation of hard currency for Iraq through the optimal use in order to serve the national economy and sustainable development..." "a knowledge of the ultimate beneficiary" The IBANs make this very easy to track. The actions that are happening in the bank sector right now are a huge indicator of where Iraq is headed and that should make everyone in this room very very excited.
1-18-2017 Intel/Newshound Guru tman23 Article: "Central bank: deletion of zeros from the currency deferred for the time being" Deferred for the time being...When I read this... my first thought was... THEY ARE READY TO GO... To say deferred for the time being is NOT "Iraqi LINGO"....If he had a teleprompter I would say the UST was on the other end typing...I expect to see BIG NEWS at anytime and not thinking in terms of weeks.
1-18-2017 Newshound Guru loop [did the budget ever get in the gazette yet?] Yes. The Budget was published in the Gazette on Sunday.
1-18-2017 Intel Guru Bruce The flag ...the gift from China...in Mosul...is in a very special part of the city, it is flying...we are looking to get some type of acknowledgement of take back of Mosul and the new international rate for the Iraqi dinar. Is the rate in the budget? Yes. It is in the Gazette? Yes. Visible to us? No, still being kept from us. Just like Mosul. We are looking for that to be revealed. As far as Iraq concern, they have done all they were suppose to do. Everything is pointing to pre-Inauguration.
1-17-2017 Newshound Guru mike Article: "Iraq opens the door to possibilities deletion of zeros from the local currency" Quote: "...the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar," noting that "subject to availability of appropriate conditions, including the general stability in the country." ...the CBI is working towards adding value to the dinar...the CBI didn't specify a date, they're still waiting on appropriate conditions and they want to make sure all their T's are crossed and their I's are dotted before they start. I think it's pretty safe to say...that Iraq needs to do some things before the dinar will gain in value: 1) Get the MCP below 2% 2) Remove Exchange Restrictions 3) Pass the long overdue legislation related to the the banking and economy verticals. 4) Create the open market that's necessary to increase demand.
1-17-2017 Newshound Guru hutch ...we do have an idea of what is happening...if you look at their 5 yr plan that has been set out by shabibbi, saleh and abadi... they are sticking to it. And it is playing out. The LOI's, MOU's have it all set out as to what their goals are and how to achieve them. And its working.
1-17-2017 Newshound Guru wmawhite [...wouldn't reducing the note count to the point of a liquidity crisis force a rise in the value based on supply and demand once the Dinar is free to go up in value?] The note count has an effect in country, but only the CBI sets the value outside the country.
1-17-2017 Intel Guru ADMINBILL LIFT OFF IS IN SIGHT. AND IT COULD BE BEFORE THE INAUGURATION. NO PROMISES BUT THE LINES ARE BUZZING. REMEMBER, WE HAVE HEARD IT ALL BEFORE BUT THIS IS VERY WELL SOURCED. UPDATE INFORMATION: I just received a personal message and got permission to share with everyone: Tonight [Monday] brings excellent news with a possibility of an increase in value of all currencies between shortly before and shortly after the inauguration. This information is new tonight with multiple separate sources in agreement. ...it appears we are inching rapidly to the finish line.
1-17-2017 Newshound Guru mike Article: "Iraqi dinar is not in danger and delete the zeros Postponed" Quote: "revealing that the deletion of zeros from the currency, deferred for the time being." The loose translation for defer is "to put off (an action or event) to a later time; postpone." And then he states: "the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar," noting that "subject to availability of appropriate conditions, including the general stability in the country." He's telling us they don't have a date, they're just waiting for the right conditions to move forward. In order for a currency to have value it needs several things like political stability, free from conflict and a economy that produces and exports products to create demand for the currency...once they raise the value the prices will change, 10,000 dinars today will buy you five packs of smokes, 10,000 dinars after it rises to 1-1 will buy you a Toyota pickup.
1-17-2017 Intel/Newshound Guru Mnt Goat Where is Iraq in this process? There is absolutely nothing to indicate to us any hold up or delay in the EARLY 2017 process to move forward with the “project to delete the zeros”. There was one new article about the project to delete the zeros and I believe this one was totally misinterpreted by many... Article: "Governor of the Central Bank's "Tomorrow Press": Iraqi dinar is not in danger and delete the zeros postponed already many times, going forward" I believe it is actually just the opposite. It is all very good news... It is not saying the project to delete the zeros is postponed again. The postponement part in the headings is simply telling us they did postpone it already way back in 2015/early 2016 and we are still waiting for it and that they are just delaying it due to...do to...SECURITY, SECURITY and the need for more SECURITY. The CBI is basically telling us its coming and so just hang on.
1-17-2017 Newshound Guru wmawhite A change in the prices of goods; the prices are what determine the size of the notes. Lower the prices, remove the large notes. What will change the prices of the goods/ marketplace? A dramatic increase in the value of the currency that is importing the goods. General stability, security = FINANCIAL security, financial stability, not military security. Alak is a bank manger, not a military... Alak is saying today the market conditions are not correct for removing the large notes...and he does not have a date for that...he will not have an idea when until he raises the value and we know he is preparing to do that. Two different things...One is removing them physically to lower the note count....the second is removing them naturally because the prices have lowered due to a value change. The prices in the market place need to lower in order for the citizens to use smaller notes, thus no need for the larger notes. [post 2 of 2]
1-17-2017 Newshound Guru wmawhite Article: "The Central Bank Governor for "tomorrow": Iraqi dinar is not in danger and delete deferred zeros" Folks...each of us need to pay attention to exactly what is said. Alak was referring to the large notes, the removal of the large notes from the currency. That is NOT the same as increasing the value of the currency. They are two very different events. ...this is pertaining to the removal of the three zero notes from the marketplace/from the currency; "the Iraqi Central Bank did not specify a date for the "...deletion of zeros from the currency dinar," This Statement is not about the change in the value of currency. He is saying that the prices in the marketplace are not appropriate yet in order to remove the currency. So, what will change the marketplace? [post 1 of 2....stay tuned]
1-17-2017 Newshound Guru My Ladies ON FRIDAY THE CBI CAME OUT AND ANNOUNCED AN INTENDED DOLLAR BOND SALE AND THEY ALSO SAID THAT THEIR FINANCIAL SITUATION IS SAFE UNTIL 2021. THE IMF AGREED WITH THIS. ALSO LAST WEEK IRAQ SAID THIS COMING WEEK THEY WILL BE SELLING THE DOLLAR DIRECTLY ACROSS 5 BRANCHES FOR THE OFFICIAL RATE WHICH FURTHER PROVES THE STRENGTH OF THE DINAR AND THE CLOSING OF THE GAP BETWEEN OFFICIAL RATE AND MARKET RATE. IRAQ DOES NOT NEED TO CHANGE THEIR PRICE TO BECOME INTERNATIONAL AND THEY MAY BEGIN TO TRADE, BUT THEY WILL NOT EVER PUSH A BUTTON AND JUMP TO 3+ DOLLARS, THIS IS NOT HOW THING WORK... [post 2 of 2]
1-17-2017 Newshound Guru My Ladies IRAQ ANNOUNCED...THE DELAY OF THE DELETE THE ZEROS PROJECT... THE WHOLE REASON FOR THE DELETION WAS TO PRESERVE THE CURRENCY AND THE NEED IS NO LONGER PRESENT...OTHER COUNTRIES HAVE DELETED THE ZEROS, AND IT IS A MAJOR UNDERTAKING AND USUALLY FOLLOWED BY A DEVALUATION OF CURRENCY, THE DINAR IS STABLE IS AT THIS TIME. THE GAP BETWEEN THE OFFICIAL RATE AND THE BLACK MARKET RATE IS CLOSING. ...AT THIS TIME THE OFFICIAL RATE IS 1182 AGAINST THE DOLLAR AS OPPOSED TO 1300 AGAINST THE DOLLAR WHICH IS THE MARKET PRICE... [post 1 of 2....stay tuned]
1-17-2017 Newshound/Intel Guru BGG Article: "Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed" [AND ALAK’S RESPONSE IS NOT UNTIL IT IS SAFE TO DO SO!...does this mean Mosul?] probably - (my take)...it really looks like control of Mosul (and liberation) seems to be some kind of criteria (set for them by someone else). however, there are numerous references to this happening soon. ...in my book - that doesn't negate any of the earlier CBI comments about the beginning of 2017 - sounds a bit like they may have had it planned for sometime before now and some calculus has put things off a bit...like Mosul? ...AND Alak makes no mention of "how long" it is "postponed" (or what their original intended start date might have been)... a day - a week - a month?? He's talking to a reporter. Could mean anything.
1-16-2017 Newshound Guru rcookie [Any comments on this article? "Governor of the Central Bank of Iraq on the Keywords Governor of the Central Bank's "Tomorrow Press": Iraqi dinar is not in danger and delete the zeros Postponed"] THIS ARTICLE IS AN AFFIRMATION OF EVERY STATEMENT MADE IN PAST CONCERNING IQD MARKET STABILITY AND DISPUTE OF DEGRADATION...REASSERTS THE FISCAL OPERATIONAL DISCIPLINES APPLIED BY THE CBI...AND ALSO RESTATES THERE IS NO DATE SET FOR THE DELETE ZEROES PROJECT (WHICH THEY WILL NEVER ANNOUNCE)...AND AWAITS THE APPROPRIATE MARKET CONDITIONS AND GENERAL STABILITY OF THE COUNTRY...ALL IN THE INTEREST AND SCOPE OF ASSURING THE SUCCESS OF THE PROGRAM...THEY HAVE THOROUGHLY PLANNED THIS PROGRAM OUT IN ALL OF ITS COMPLEX STAGES AND ACTIONS...AND ARE AWARE...CONFIDENT AND IN PURSUIT OF ATTAINING THE ACCEPTABLE WINDOW OF METRICS TO LAUNCH...SO TO ALLOW FOR MAXIMUM SUCCESS...NOT LEAVING ANYTHING TO CHANCE...
1-16-2017 Intel/Newshound Guru Mnt Goat Article quote: "Iraq announced today that it completed the process of fulfilling the commitment before the last to exit from under Chapter VII of the UN Security Council, stressing that it was left only has complete compensation file with Kuwait." We can see they are telling us that Iraq fully plans to pay off the remainder of the war reparations to Kuwait using these frozen assets now in foreign banks. Folks I have to say it again this is WOW! news, history being made right in front of our noses... If you were the CBI governor and you knew the sanctions could hold back a plan to launch the lower denoms and RV the currency and finally move forward with international trade and open global investment, then what would you do? They found a way to pay it off very early and are moving ahead of schedule on this event. They need to do this to align with the EARLY 2017 project to delete the zeros. I do not think they are going to let this opportunity slip by again.
1-16-2017 Newshound Guru loop IF YOU LOOK AT THE ACTUAL QUOTE FROM ALAK HE DOES NOT USE THE WORD POSTPONED (THE REPORTER'S INTRO DOES), WHICH WOULD INFER THAT A DATE HAD ALREADY BEEN SET AND KNOWN... TO MY KNOWLEDGE AN ACTUAL DATE HAS NEVER BEEN ANNOUNCED TO THE PUBLIC... I THINK WE WOULD ALL BE VERY AWARE OF IT IF ONE HAD BEEN MENTIONED... THE CLOSEST THING TO A DATE THAT ALAK HAS SAID WAS THAT IT WOULD START EARLY 2017... [post 2 of 2]
1-16-2017 Newshound Guru loop Article: "Governor of the Central Bank’s “Tomorrow Press”: Iraqi dinar is not in danger and delete the zeros Postponed" SO A REPORTER FROM TOMORROW PRESS ASKS ALAK IF THE DINAR IS IN DANGER AGAINST OTHER CURRENCIES AND HE SAID NOT AT ALL WE ARE CONSTANTLY MONITORING IT, HAVE PROCESSES IN PLACE AND HAVE EVERYTHING UNDER CONTROL. THEN THE REPORTER ASKS HIM WHEN THE DELETION OF THE ZEROS PROJECT WILL START AND ALAK’S RESPONSE IS NOT UNTIL IT IS SAFE TO DO SO! NO EARTH SHATTERING INFORMATION HERE. IT IS A PROCESS THAT WILL ONLY BE IMPLEMENTED WHEN ALL OF THE METRICS THEY ARE LOOKING FOR ARE MET. THIS WILL GIVE THEM THE GREATEST POSSIBILITY OF SUCCESS. [post 1 of 2....stay tuned]
1-16-2017 Newshound Guru mike Kuwait never RV'd their currency, they just reinstated it after Saddam was pushed out by Bush Sr. There was no full page ad denying the possibility either... As a note, Kuwait reinstated their currency on March 24th, 1991 at a rate of $3.47 to $1. Prior to the invasion the rate for the KWD was $3.50 to $1.
1-16-2017 Newshound Guru Islandg1211 The good news is that the CBI continues to move forward. Last week, Iraq's banks got their IBAN international bank transfer number codes. That's great news and really shows that Iraq certainly does plan to get the Dinar international again and off the UN sanction rate. Reports of more US banks buying and selling Dinar is also good news, testing the system, adding the Dinar, and making it internationally acceptable. Neither the IBAN codes nor the sale by banks of the Dinar make practical sense without the RV. [post 2 of 2]
1-16-2017 Newshound Guru Islandg1211 East Mosul is about 80% liberated. The rest of East Mosul shouldn't be a problem. At that point, Mosul would only be 50% liberated, while the other half would not even be staged. DONT BE CONFUSED BY ARTICLES STATING THAT THE "center of Mosul is secure," because it's only half of circle with the river cutting through it... WEST MOSUL IS A SEPARATE BATTLE. But, up to now, the Pentagon and the CBI have told us everything that they are doing, and right now they are looking at needing a few more months to get both Mosul and the RV done. I've always been of the opinion that the RV would happen in the month of April, so hopefully enough progress will be made by then. In any case, both ISIS and the sanctioned Dinar rate will be gone in 2017. [post 1 of 2....stay tuned]
1-16-2017 Newshound Guru My Ladies ...WHAT IS IBAN? IBAN IS AN INTERNATIONAL BANK ACCOUNT NUMBER. THAT IS ALL IT IS AND NOT EVERY COUNTRY THAT DOES BUSINESS INTERNATIONALLY IS REQUIRED TO HAVE ONE. FOR INSTANCE THE USA DOES NOT REQUIRE ONE BUT SOME COUNTRIES DO IN ADDITION TO A SWIFT OR BIC NUMBER. NOW YOU CAN ADD IRAQ TO THIS LIST, BUT STILL THIS HAS ABSOLUTELY NOTHING TO DO WITH CURRENCY...MONEY WILL NOT BE FLOWING INTO IRAQ ON THE IBAN. IT IS NOT “THE” IBAN AND IT IS NOT A MEANS OF CARRYING MONEY, IT IS SIMPLY JUST ANOTHER ACCOUNTING SYSTEM AND IT IS NOT A PRECURSOR TO ANY SO CALLED “RV”...
1-16-2017 Newshound Guru Islandg1211 Article: "CBI News Press: DELAY OF PROJECT TO DELETE THE THREE ZEROES" The acting Gov of the CBI announced today that he has to again delay the RV. Abadi had hoped to liberate Mosul in three months time, from October to Dec 31. Allak had also hoped to RV in the beginning of this year, after delaying it three times in previous years. Allak doesn't specifically state that he is waiting for ISIS to be gone, for he also has to get everything done for the monetary reform. So, it isn't clear what is delaying the RV. He states today that he isn't even projecting a date. (Also, he can't say.)
1-16-2017 Newshound Guru Kaperoni That being said, I think the IMF stated just a week or so ago that the CBI only completed 3 of 9 benchmarks during 2016 as required as part of the SBA. So like usual, the CBI is behind schedule again. The good news is they are making progress, and they are implementing the requirements. I would expect that we are at least 3-6 months behind schedule at this point, but the CBI is not going to announce when they are going to get off the peg and float. And knowledge of moving from Article XIV to VIII will not be announced in advanced. We need to just watch the progress, let this come to us. It will happen..because there can be no market economy without it. [post 2 of 2]
1-16-2017 Newshound Guru Kaperoni Article: "Iraqi dinar is not in danger and delete the zeros Postponed" Quote: "the Iraqi Central Bank did not specify a date for the deletion of zeros from the currency dinar," noting that "subject to availability of appropriate conditions, including the general stability in the country." He stressed the central bank governor and the agency, the need to "ensure the success of the process of deleting the zeros requirements before starting out, so the central bank will continue technical preparations in order to be practical fit when deciding deletion." I don't see anything bad in this at all. ...the CBI must create the conditions for the project to succeed. Time is not unlimited here...they need to get started before the market economy can launch. [post 1 of 2....stay tuned]
1-16-2017 Intel/Newshound Guru Mnt Goat Article: "The fight against terrorism: the coming hours we will liberate the financial district in Mosul" Quote: "Revealed the commander of the Second Special Operations in the counter - terrorism apparatus Maj . Gen. al - Saadi Maan that the next few hours will see the Emancipation Proclamation financial district..." What does “Emancipation Proclamation” mean? It means in ISIS/Daesh context - proclaimed the freedom of Iraqi people enslaved by ISIS and Daesh forces throughout Iraq. It says in the next few hours, not days or months. It will be formally announced by the prime minister and broadcast throughout Iraq. It will be the key announcement we have been waiting for. They have been telling us to look for this now since mid December and now it is coming very soon.
1-15-2017 Intel Guru Frank26 How long is it going to take before we see these numbers change...the IBAN it was set up on the 2nd...they have been doing international transactions since the 2nd...well maybe yes...maybe no…it is set up to do it as soon as they get a non-program rate...without sanctions ...that is the reason why IMO there is no rate on the CBI website...If they are at Article 8...if they have lifted the 000’s from their exchange rate...well then the sanctions from Chapter VII should be lifted by now...IMO they are about to change...they are about to lift the 000’s from their exchange rate...the CBI is...implementing what they told you and me and the international world at the start of 2017...they said they would trade internationally in the early part of 2017...and I see all of the equipment...I see all of the necessities...for them to do exactly that. [post 2 of 2]
1-15-2017 Intel Guru Frank26 ...Monetary Reform has reached the point where everybody has agreed with the numbers…to the point where the budget that contains the number has been approved and will be in the Gazette very soon. Do you know who else got...the LOI...the one the IMF got...the mother of all Central Banks...the Bank of International Settlements...the BIS...which is found in Switzerland...trust me they also got the report that Iraq is ready to lift the value of their currency in the beginning of 2017...so when the CBI website updates their new numbers the international world will also be able to see that they have changed their rate. [post 1 of 2....stay tuned]
1-15-2017 Newshound Guru Millionday Article: "Baghdad (IraqiNews.com) Iraq and the United States signed Thursday the guarantee for a US$1 billion loan to Iraq." Quote: "...undersecretary of Iraq’s finance ministry, Fadel Nabi, said the move “represents an initial step towards accessing world capital markets on a greater scale after legal requirements had been fulfilled and specific policies taken into consideration.” THIS IS TO ACCESS WORLD CAPITAL MARKETS...DEFINE WORLD CAPITAL MARKETS>>> The trading floor of the New York Stock Exchange, one of the largest secondary capital markets in the world. ... A capital market is a financial market in which long-term debt or equity-backed securities are bought and sold. Capital markets are defined as markets in which money is provided for periods longer than a year.
1-15-2017 Intel/Newshound Guru Mnt Goat Article: "Private banks signed a memorandum of understanding with an international company for the exchange of banking experience" More MOUs... There would be absolutely NO reason to do all this training and transfer of banking knowledge (of this nature) if they did not intend to go international with their banking practices and just stay under a “closed” economy. The Iraqi banks are in the final days of preparation for the move to international currency...as my CBI contact has now informed me. This article is proof...
1-15-2017 Newshound Guru loop Article: "Rasheed: Direct selling the dollar early this week" Quote: "Rasheed Bank, announced Saturday, for Mbacherth sell the dollar early this week. The bank said in a statement..."the beginning of this week will begin selling the dollar for travelers across five branches." He added, "The branches include Karkh, the airport, the Yarmouk, willing Khatoon, trade dependence," pointing out that "the sale will be at the official rate..." [Does official rate mean the same thing as "program rate" or does this mean they would be giving us a new rate...?] It's talking about the current rate of 1184 plus a small percentage for the bank and not the overly inflated rate that the street vendors sell it for. IMO. This will serve two purposes. The most important one being it is a continuation of the state runs banks campaign [to] gain the trust in the banking sector by the citizens and the second side benefit will be that it will pull in more 3 zero notes instead of those notes continue to circulate on the streets or put back into mattresses.
1-15-22017 Newshound Guru rcookie Article: "The opening of the Media Network office in Mosul" IRAQI MEDIA NETWORK HEADQUARTERS OFFICE REOPENED IN DOWNTOWN MOSUL...AND...NEWS TODAY CONCERNING RATION CARD BENEFITS REACHING MOSUL AS WELL.
1-15-2017 Intel Guru Frank26 I feel they have dropped the 000’s from their exchange rate...but I feel they are hiding that process...or I feel they are within days of doing it...and they will hide that process...I believe their goal is to lift the 000’s in the Mookla of this year and hide the process...IMO I think we will see this sometime after the 20th...legally the country through the IMF cannot change its rate in the middle of a year...in the middle of a fiscal year...only at the beginning of a year...that is why the Mookla is so important. ...they sent the LOI [Letter of Intent] to the IMF and said hey GOI/CBI we are both ready to give the new rate at the beginning of 2017...that is why IMO there are no numbers at the CBI website... because the numbers in the month of January...the Mookla of 2017...those numbers have changed...and we haven’t seen any new numbers since the 4th...and only the IMF can send the new numbers through the CBI so the CBI can post it officially on their website. [post 2 of 2]
1-15-2017 Intel Guru Frank26 I want to tell you something Family...the things about Mosul...the things about the budget...the things about al-Baghdadi...the things about IBAN...the things about the Multiple-Currency Policy...the things about the auctions...all these things...I want you to know this is not a process anymore...I’ve always told you it was a progression...it is a process that is leading us in the direction of the Monetary Reform...but I am here to tell you IMO all of these things I just mentioned...it is no longer a process of events...it is an ending of events… [post 1 of 2....stay tuned]
1-14-2017 Newshound Guru hutch Article: "Rasheed: Direct selling the dollar early this week" Quote: "Rasheed Bank, announced Saturday, for Mbacherth sell the dollar early this week. The bank said in a statement..."the beginning of this week will begin selling the dollar for travelers across five branches." He added, "The branches include Karkh, the airport, the Yarmouk, willing Khatoon, trade dependence," pointing out that "the sale will be at the official rate..." [What is the official rate is the million dollar question?] THE OFFICIAL RATE IS THE CURRENT RATE OF EXCHANGE AT THE TIME THE EXCHANGE IS BEING MADE.
1-14-2017 Newshound Guru loop Article: "Rasheed: Direct selling the dollar early this week" Quote: "Rasheed Bank, announced Saturday, for Mbacherth sell the dollar early this week. The bank said in a statement..."the beginning of this week will begin selling the dollar for travelers across five branches." He added, "The branches include Karkh, the airport, the Yarmouk, willing Khatoon, trade dependence," pointing out that "the sale will be at the official rate..." THERE IS NO ...WAY THAT ANYONE SHOULD DRAW THAT CONCLUSION THAT THIS IS HINTING AT AN RV! THAT BEING SAID I AM SO EXCITED AND I JUST CAN'T HIDE IT!
1-14-2017 Newshound Guru rcookie Article: "Trade processing liberated areas of Mosul, the fourth batch of food items" Quote: "The Ministry of Commerce announced the processing of the liberated areas in the left coast of Mosul, the fourth installment of the ration card items (oil, sugar)." SO...THEY ARE PROCESSING RATION CARD ITEMS AND BENEFITS TO THE LIBERATED AREAS OF MOSUL...PEOPLE RETURNING HOME AND MORE BACK TO NORMAL ACTIVITIES.
1-14-2017 Newshound Guru American Contractor The senior ranking member of the Iraqi Economic and Investment Commission is a woman by the name of, Najiba Najib. She has full authority on matters related to the Iraqi dinar currency. This woman is single handedly responsible for halting the delete the zeros project in 2014. How influential is this woman? Najiba Najib is so powerful, that on any given day she could randomly announce “today we increase the value of the Iraqi dinar currency”. That’s the power Najib possesses. Currently, insider reports are leaking that there is much friction between Najiba and the Director of the CBI. The reason being is that Najib wants to delay the launch of deleting the zeros project that the Central Bank so adamantly wants. Najib is insisting that they wait until year 2018 or 2019.
1-14-2017 Newshound Gurus rcookie, wmawhite and hutch They will be working with the IMF to be prepped for that because there is a monetary reform process and an economic reform process...the revaluation of their currency is part of the monetary reform...this will kick start the economic reform...that is the trigger mechanism, IOO. But they have other things they have to do for the economic reform to be successful...because if you don't have a sound economic environment this level of monetary reform is going to be difficult to support the valuation. Iraq has taken the position that they want their monetary reform to be successful and therefore their economic reform has to be successful as well. [post 2 of 2]
1-14-2017 Newshound Gurus rcookie, wmawhite and hutch The only reason they have the imposed rate on their currency is not sanctions put on by the IMF...it is sanctions put on them by the UN under Chapter 7. The IMF is helping them get back on their feet as they transition into a market driven economy along with the rest of the world and that is the process that we have been watching. Once the UN removes Chapter 7 that means they also remove the sanctions that were imposed from Chapter 7 and that releases Iraq to reinstate/revalue their currency... [post 1 of 2....stay tuned]
1-14-2017 Intel Guru ADMINBILL START LOOKING FOR THE RV AFTER THE 20TH. MY PERSONAL OPINION IS THAT THOSE WITH THE AUTHORITY TO RELEASE THE RV/GVR FUNDS DO NOT TRUST THE CURRENT ADMINISTRATION TO ALLOW US TO BENEFIT AND WOULD RATHER ALLOW THE NEXT ADMINISTRATION TO MOVE FORWARD. I MAY BE WRONG AND WAS TOLD I AM BUT THAT IS MY OPINION. [I don't suppose you can say what changed to back away from this weekend being a big possibility anymore?] THERE IS ALWAYS THAT POSSIBILITY... [You said that was your feeling but some sources disagreed, do they still think it might pop sooner?] YES THEY DO AND I HOPE THEY ARE RIGHT AND I AM VERY WRONG.