Welcome to Dinar Guru Archive:
The holy grail of guru updates...
Click here for Feburary/2011 to August 2011
Click here for November 19th 2011 to Sept 2011
Click Here for November 28th 2011 to December 20th 2011
Click Here for December 20 2011 to Dec 31 2011
Below January 1 2012 to January 18 2012
Click here for January 19 2012 to February 23 2012
Click here for February 24 2012 to March 13th 2012
Click here for March 14 2012 to March 31 2012
Below April 1, 2012 to May 30, 2012
Click here for June 1 2012 to July 9 2012
Below July 10 2012 to March 31 2013
3-31-2013 Intel Guru Okie_Oil_Man I AM AWARE OF MANY PROCESSES AND PROCEDURAL DEVELOPMENT'S THAT HAS TRANSPIRED ONLY IN THE LAST COUPLE OF DAY'S. THAT GIVES ME HOPE THAT THE LATEST PREDICTION OF THE TIMING OF THIS EVENT MAY FINALLY BE CORRECT. IT NOW APPEAR'S THAT HISTORY IS READY AND AWAITING TO BE FULFILLED. BE AWARE I AM ON THE WATCH AND STILL LOOKING FOR THE GOLDEN EGG THAT THE GOLDEN GOOSE LAID--WHEN I FIND IT I WILL SHARE WITH EACH OF YOU--(THERE WILL BE PLENTY TO SHARE) [post 2 of 2]
3-31-2013 Intel Guru Okie_Oil_Man GOOD EASTER AFTERNOON AMERICA, SHIP'S AT SEA AND ALL OUR WORLD WIDE FRIENDS. WELL IS IT OR ISN'T IT? WE KEEP HEARING ABOUT THE INEVITABILITY OF THE C/E TONIGHT OR TOMMOROW. WE HAVE BEEN TOLD TODAY, TONIGHT OR TOMMOROW THAT WE ARE ALL CALLOUSED FROM THE CONFUSING SAME INFORMATION OVER AND OVER PREVIOUSLY. THIS TIME MAY PROVE DIFFERENT THOUGH. FROM WELL PLACED SOURCES WE KEEP HEARING FOR SEVERAL DAY'S THIS IS OUR TIME. WE HAVE BEEN INFORMED SO MANY TIMES WRONGLY IN THE PAST---BUT---THEY ONLY HAVE TO BE RIGHT ONLY ONCE. IT WOULD BE THE EPITOMY OF IRONY IF THIS TIME THOSE WHO HAVE BEEN CRYING WOLF ACTUALLY SAW THE WOLF. [post 1 of 2....stay tuned]
3-31-2013 Intel/Newshound Guru Poppy3 [is it true and conferm that the budget was puplished today [Saturday] ?] YES IT WAS PUBLISHED AND IS OPEN BUT WILL NOT TAKE EFFECT TILL MONDAY OR TUESDAY WHEN ALL THE SMART CARDS ARE CHARGED RETRO-ACTIVE BACK TILL JAN 1 . POPPY3
3-31-2013 Newshound/Intel Guru BGG from what I hear - minor delays - nothing major...things are still in progress...doesn't mean it can't be derailed - for now, breathe, relax, enjoy.
3-31-2013 Newshound/Intel Guru Bluedog yes were close. you may hear something sunday but will see it next week when they start to use their budget. we have to watch them lay it all out...all facts point done...the only news I will watch is for the Rate to come out.
3-31-2013 Intel Guru Frank26 the 2013 budget for Iraq is now in the Gazette. Unfortunately.....just as we told you the rate is not in this publication...nor did we expect it to be. we also do not expect to see it on the first with the budget. I talked with DELTA...and we both agreed that this coming week is extremely serious to our investment. The atmosphere not just in Iraq but around the world has an aromatic scent of an RI/RV to it...a sweet ambrosia.
3-31-2013 Intel Guru BOBGETZ6 I, as usual, am always somewhat ambivalent when it comes to this investment. I do feel as if we are in a better position than ever before. If the budget is indeed published in the Gazette, I see that as huge. 3-30-2013 Intel/Newshound Guru Poppy3 THERE WILL NOT BE ANY FANFARE PRIOR TO THE RELEASE OF THE RATE WHICH WILL SHOW ON THE CBI FIRST BEFORE ANY MARKET? AFTER WE SEE THE RATE POSTED ON THE CBI THEN IRAQ OFFICIALS ALONG WITH LEADERS FROM ALL AROUND THE GLOBE WILL BE ARRIVING FOR THE FORMAL CELEBRATION . TIMING IS IN THEIR COURTS AS USUAL. IF YOU AREn'T EXCITED AND ON FIRE RIGHT NOW YOUR WOOD IS WET. LOVE ON SOMEBODY. POPPY3 [post 2 of 2]
3-30-2013 Intel/Newshound Guru Poppy3 NOW OUR POSITION IS SOLID AND ALL IS PREPARED FOR THE RV ALL WE ARE WAITING ON IS FOR THE POSTING AT THE CBI WHEN SHE OPENS EITHER TOMORROW OR MONDAY MORNING. IF YOU REMEMBER I SAID FOR MONTHS NOW THE IMF AND WORLD BANK WOULD NOT ALLOW A RV TILL SOMEONE WAS IN PLACE OF THE CBI THAT THEY TRUST AND I EXPECTED AT SOME POINT TO SEE DR SHABIBI BACK. SHALL I SAY I TOLD YOU SO?? [post 1 of ....stay tuned]
3-30-2013 Intel Guru TerryK JUST GOT OFF THE PHONE WITH MY MAIN SOURCE, THEY ARE TELLING ME THAT THERE ARE REPORTS OF RATES IN THE EAST THAT ARE BEING TALKED ABOUT BUT THEY CAN'T TELL ME ITS ON A MARKET YET. HOWEVER WITH THAT SAID THEY ARE TELLING ME THAT WE MAY SEE SOMETHING LATE TONIGHT OR INTO THE AM. WAITING ON A CONFIRM ON THAT AS WELL [the news articles state that the smart cards will be used tomorrow (Sunday).] THEY ARE TO BE LOADED TOMORROW CORRECT AND BACK LOADED TO JAN 3.
3-30-2013 Newshound Guru Adam Montana [Could you explain the significance and role of the IMF in regards to IQD value and RV?] The truth of the matter is that the IMF is not in control of the rate - Iraq is. The CBI sets the buy and sell rate at whatever price they want, period. Having the IMFs support would never be a bad thing, of course! But they do not set the rate.
3-30-2013 Newshound/Intel Guru Flashing Article: "Kuwaiti Premier: “Borders demarcation problem settled with Iraq”(AIN) -Kuwait confirmed settling the problem of re-demarcation of the borders with Iraq." The article...said that KPM is waiting for Iraq invitation and there will be an economic, commercial and media delegation from Kuwait. So you know what that means.
3-30-2013 Intel/Newshound Guru Poppy3 YES I AM VERY CONVINCED APRIL 1 IS THE TARGET AND THEY WILL MEET IT THIS TIME. IF FOR SOME UNFORESEEN PROBLEM ARISES IT WOULD NOT TAKE MORE THAN 24 TO 48 HOUR FOR IT TO BE SOLVED. THERE TO OUR KNOWLEDGE AT THIS TIME ARE ZERO MAJOR THINGS TO COMPLETE ONLY SOWING UP MINOR DETAILS. THERE YOU HAVE MOST OF THE INFORMATION I HAVE RECEIVED THAT HAS BEEN CONFIRMED AND THERE IS MUCH MORE FROM SOURCES THAT IS ALL VERY VERY POSITIVE THAT ISN'T CONFIRMED.. OH ALSO THE BUDGET WAS PUBLISHED IN THE GAZETTE TODAY. ETC ETC POPPY3 [post 3 of 3]
3-30-2013 Intel/Newshound Guru Poppy3 NEXT NEWS FROM IRAQ: YESTERDAY BEING HOLY DAY AND USUALLY BANKS CLOSED AND PARLIAMENT ADJOURNED AND NO GOI MEETING. REPORT ARE PARLIAMENT IN FULL SESSION YESTERDAY CBI REPORTEDLY FULL OF PEOPLE ALL DAY INTO LAST NIGHT ??? REPORTS OF WORLD BANK AND IMF PERSONNEL BEING PRESENT THERE SINCE LAST THURSDAY??? I CAN SAY ALL MY SOLID CONTACTS HAVE CONTINUED TO CONTACT ME AND ALL ARE STANDING FIRM THE RV IS UPON US AND IRAQ WILL NOT STOP MEETING TILL IT IS IN PLACE DATED DEADLINE IS STILL APRIL 1 TARGET FOR MANY COMPLETIONS. [post 2 of 3....stay tuned]
3-30-2013 Intel/Newshound Guru Poppy3 REPORTS of DR SHABIBI returning to Bagdad POST FINANCIAL SUMMIT IN BERUIT WHERE HE IS THERE AS A FEATURED SPEAKER REPRESENTING IRAQ . WHERE HE HAS HAD WARRANTS FOR HIS ARREST AND BEEN EXILED FOR OVER A YEAR AND SAID HE WOULD NOT RETURN TILL THE WARRANT WAS TERMINATED. THEN THE ANNOUNCEMENT THAT VP HASHIMI WOULD ATTEND THE MEETING TODAY AND HE WAS EVEN SENTENCED TO DIE AND HAS BEEN EXILED FOR OVER A YEAR OR MORE. THIS MEANS ONLY ONE THING??? REMEMBER I HAVE SAID UNTIL MALIKI'S POWER IS NULIFIED THE RV CAN'T HAPPEN AND UNTIL DR SHABIBI OR SOMEONE THE IMF, WORLD BANK, TRUST IS INSTALLED THERE WILL BE NO RV. GUESS WHAT MALIKI HAS EVIDENTLY BEEN NEUTERED OR THESE TWO GUYS WOULDNT DARE ENTER IRAQ MUCH LESS BE FEATURED. POPPY3 [post 1 of 3....stay tuned]
3-30-2013 Newshound Guru Tlar My interpretation of this and I believe all the recent articles support it, what they mean by returning to normal is to return the street value back to match the program rate. Until this comes back into an equalibrium, they can't do anything with the currency. The CBI is steering the ship back to port. IMHO they...are now ready to swing the pendulum back the other way. I believe they will see the answer as introducing the new currency which means an increase in the value. [post 2 of 2]
3-30-2013 Newshound Guru Tlar Iraq's normal rate, program rate, has been 1170 since 2009. It was moved four pips by Shabibi to 1166 and then frozen there until now. The street rate as of about 8 months ago was equal to the program rate and this made it easy for Shabibi the increase it by the four pips. Today we know the street rate is much lower. About 7-8 months ago it started to drift achieving a low of 1350, until today we see it at 1250. [post 1 of 2....stay tuned]
3-30-2013 Newshound Guru Kaperoni UN sanctions technically have nothing to do with a countries monetary policy which is controlled by the IMF. Though it can influence it (sanctions etc. causing it to devalue). The theory of an overnight RV or re-instatement...will never happen. I am hopeful that once they lift UN Chapter 7, that Iraq will officially join the international community and give some value to the dinar via a chosen "exchange regime" such as they have stated.."floating orbit of exchange" (free float). But that choice is totally up to Iraq. Not the UN, IMF or anyone else.
3-30-2013 Intel/Newshound Guru Poppy3 RECIEVED FURTHER CONFIRMATION OF THE NEWS---DAN--Saturday special gazette edition being put out. Usually only Wednesday Announced in Iraq the budget. Thats right the budget in gazette Saturday Bonus. Dr shabbi coming back to Iraq Saturday EVENING after months out of country Insiders last 2 days dignitaries have been showing up quietly. DR SHABIBI WILL REPRESENT IRAQ IN SPEECH IN BERUIT ON SAT MORNING THEN RETURN TO IRAQ. ...Hearing that there was a short delay but things are moving ahead at this time, still hoping to see this thing pop by the 1st. ENJOY THE GREAT NEWS.
3-30-2013 Newshound Guru Mailman17 ITS ON A ROLL BUT NO LONGER ON MALIKIS TIMELINE. RECAP AGAIN...KUWAIT? FOR ALL INTENT PURPOSES...DONE. CHAP 7 IS IN THE VERY NEAR FUTURE. THEY WENT FROM 6 TO 8 REAL FAST. CAN ANYONE TELL ME WHAT IRAQ MAINTAINS AT 8 ON THEIR WAY TO 14. THEY MUST HAVE A RECOGNIZED CURRENCY. THE THING TO WATCH FOR NOW..IS WHETHER MALIKI SIGNS OFF ON EVERYTHING. I THINK HE WILL. HES NOT GONNA LIKE THE QUESTIONING AND MOST LIKELY HES GONNA WANT A BACKDROP SECURITY FOR HIMSELF AND THATS WHAT I THINK KERRY TOLD HIM, AGAIN, THATS JMO. FINGERS CROSSED PARLIAMENT GETS ALL BILL SIGNED AND DOTTED IN 1 SESSION. WE SHALL SEE. I WILL SAY THIS THOUGH, AS MUCH AS IT LOOKS LIKE NOTHING THEY ARE MOVING VERY FAST, VERY FAST. THIS IS A GOOD SIGN. [post 3 of 3]
3-30-2013 Newshound Guru Mailman17 NOW LETS RECAP...THE CBI IS AUTONOMOUS. THEY CAN PRINT WHATS NEEDED. THEY CAN EVEN HAVE IN STOCK THAT WHICH IS NOT NEGOTIABLE. BUT THEY DO NEED PARLIAMENTS APPROVAL TO PUT THEM INTO PLAY AND THEY CANT DO THAT WITH OUT A RATE INCREASE. MAKES NO SENSE TO PUT A 1, 5, 20 OR 100 DINAR NOTE INTO PLAY WITH OUT AN INCREASE AND THE CBI CANT DO THAT WITH PARLIAMENT AUTHORIZING THOSE BILLS...LEGAL TENDER. THAT BRINGS US TO THE STALEMATE. THE COUNCIL HELD UP THOSE BILLS PENDING LEGISLATIONS BUT NOW THEY WANT THE ACCOUNTABILITY AND AMNESTY LAWS PUT INTO PLAY. THAT IS WHAT THEY HAVE HAMMERED OUT AND MOST LIKELY PLAN TO PASS THIS WEEKEND. THE COUNCIL/DAWA PARTY/MALIKI GETS THE PROTECTION NEED BY LAW AND IN RETURN THE PARLIAMENT GETS THEIR RV AND IRAQ CAN WEED OUT THE REST DOWN THE ROAD. [post 2 of 3....stay tuned]
3-30-2013 Newshound Guru Mailman17 THERE IS AN EMERGENCY SESSION AIMED AT PASSING THE ACCOUNTABILITY AND AMNESTY LAW... WE ALREADY KNOW MALIKI IS DUE FOR QUESTIONING MONDAY. THE OTHER LAWS WAITING ARE A LOT BUT THE ONE THAT STICKS OUT TO ME IS THE MESOPOTAMIA LAW. ALTHOUGH UNDEFINED, IMO, THAT IS PARLIAMENTS APPROVAL OF ACTUALLY PUTTING THE NEW NOTES INTO PLAY ALONG WITH THE NEW RATE THAT THE CBI WILL GIVE. [post 1 of 3....stay tuned]
3-30-2013 Intel/Newshound Guru Poppy3 RECIEVED A CALL FROM A OLD SOURCE THAT HAD GIVEN UP ON DINAR AND WOULDNT EVEN TALK ABOUT IT FOR THE LAST TWO YEARS AND ONE OF HIS VERY GOOD OLD SOURCES CALLED HIM ABOUT4PM AND TOLD HIM THAT THIS IS THE LAST WEEK OF WAITING. NOW HE IS ALL EXCITED AGAIN AFTER BEING IN THE DUNGEN OF DOUBT AND FEAR FOR TWO YEARS. LOL LOL POPPY3 [post 2 of 2]
3-30-2013 Intel/Newshound Guru Poppy3 IF THE POST AND SCHEDLULE THAT WAS POSTED IS TRUE AND HASHEME IS ATTENDING THE PARLIMENT MEETING TOMORROW AND IT WAS ALSO STATED FROM SOME SOURCE I CAN'T CONFIRM THAT AFTER DR SHABIBI SPEAKER AT THE BERUIT SUMMIT THAT HE IS RETURNING TO IRAQ. THIS TELLS ME THEY HAVE IN SOME WAY NEUTERED MR MALIKI AND ALL THE WARRANTS AND EXECUTION ORDERS HAVE BEEN DROPPED. SOUNDS AWESOME TO ME. POPPY3 [post 1 of 2....stay tuned]
3-30-2013 Intel Guru TerryK I'M HAPPY TO SEE SOME ARE SAYING THIS WEEKEND, MAYBE SUNDAY. I JUST DON'T UNDERSTAND WHAT THE HOLD UP IS. I'M GOING TO TELL U THIS AND THIS IS PUTTING ME IN A BAD SPOT THIS SHOULD NOT AND LEGAL CAN NOT GO PAST SUNDAY. THIS IS A HOT DATE FOR THIS WEEKEND. I HAD NEWS TODAY THAT CBI IS DEMANDING A RATE CHANGE. THEY WANT IT BACK NOW TO WHAT IT WAS POST WAR, SO 3.21. 3-29-2013 Newshound Guru Eagle1 [via Precious] Their U.N. sources stated WF execs met today regarding the "release of the dinar". They were told; "RV/RI is imminent and to be prepared this weekend with exchanges beginning next week." He said the rate is due to appear tonight/Saturday morning. He also said all he sources have indicated a "greater level of confidence than ever before."
3-29-2013 Intel Guru Wife in the Know I have wonderful news!! My husband has been contacted by his superiors, he was instructed to start negotiating with all future countries using terms of the "new" value (3.42) of the Iraqi dinar. He has in the past always used the US Dollar. Iraq holds a huge amount of our currency due to their oil sales, so for them to finally start using their own currency is a great sign of progress for this country. We are truly at the end of our endeavor and Iraq is really showing concrete evidence of their growth as a internationally recognized country. The timeline I have given for the actual rate change IS STILL A GO... April 1st. All smiles here : ) : ) : )
3-29-2013 Intel Guru Blaino rumor has it that we are go for reval from the top of the hour (5:00pm central) and going FORWARD...Sounds GOOD. wait!!!! Breaking news of the rv kind coming in now:::teller screen report:::FIGURES.... Just when i start "plan B"..."they" get off their dead a_ _ and rv! i have higher authority confirmations en route....
3-29-2013 Intel Guru OCrush Now we know all the conditions were met with Kuwait and chapter vii will be lifted. The vote took place on March 21 with a Yes and a condition (3 homes and distribution to of monies to the families). That has been accomplished. There is no need for another vote by the unsc, the conditions are met. This is why they gave iraq a deadline of March 31 and not April 15 or 21 or May XX, they needed this done before the RV. Simple. Now all we are waiting for is the passage of the pertaining laws to have our RV. This has to take place by March 31, the latest April 1. [post 4 of 4]
3-29-2013 Intel Guru OCrush The budget is done and as we all know the new rate is in it. Attached to the Budget Law is the pay scale and pension law. They are waiting to publish it till the right laws are in place to make it possible to have the new rate. Its that simple. If the budget was not written with the new rate in mind they would have published it when the Presidency approved it. Very simple. [post 3 of 4....stay tuned]
3-29-2013 Intel Guru OCrush The CoR passed the budget on March 7 and submitted to Ministry of Finance. They had 10 days. On March 17 (exactly 10 days) they passed it along to the presidency. The Presidency now has 15 days to ratify it by law. As we all know the President ratified it and submitted it to the Judiciary body to publish it in the Gazette. Under the constitutional law, even though the president approved it, the Judiciary Body could sit on it till April 1 (15 days). [post 2 of 4....stay tuned]
3-29-2013 Intel Guru OCrush I am sending this to you so our members will have a clear outlook on certain timelines. These are facts taken by the Iraqi Constitution. It states the deadlines they have when the Ministers, Parliament, Presidency, Cabinets pass laws. Our concern of course is the budget. There seems to be a confusion on how we came about on the days the law allows for legislation to be published in the gazette. [post 1 of 4....stay tuned]
3-29-2013 Intel/Newshound Guru Poppy3 Finance Committee Member Faizullah: The likely return of the exchange rate of IQD against USD to normal. They are preparing and there are many meetings being reported that today meeting with IMF AND WORLD BANK TAKING PLACE AS WE SPEAK. GLORY GLORY POPPY3
3-29-2013 Newshound/Intel Guru Flashing Article: "BAGHDAD / obelisk: counting and Planning Minister Ali Shukri, Sunday, announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed “It’s an important step was waiting for Iraq to raise the value of the dinar." I LIKE THIS PART : “the Ministry of Finance confirmed that the plans will be the guarantor of restoring Iraqi dinar of his value economic between foreign currencies and this will be part of this plan", SO THIS IN BLACK AND WHITE. ONCE AGAIN EVERYTHING IS GREAT AND WE ARE APPROACHING THE END OF THIS VENTURE. THE BORDERS HAVE BEEN ONE OF THE MAJOR OUTSTANDING ISSUES PRECLUDING IRAQ TO BE LIFTED FROM CH 7 AS WELL AS WAS THE KUWAIT AIRWAYS ISSUE. BE ALERT, PREPARED, AND HAPPY.
3-29-2013 Newshound Guru SWFloridaGuy ...according to the IMF, Finance Committee and CBI they have already accomplished the necessary economic/political growth to restore previous values to the IQD immediately. I still think Iraq applying for membership is one of the best clues we have currently and suggests that a big change is on the horizon for Iraq because WTO member countries MUST have a convertible currency. It is a requirement!! The bottom line is it's in Iraq's best interest to move forward with their economic reform project now, which is exactly what today's article is saying. Prior to the actual event the news won't get much better than that. [post 3 of 3]
3-29-2013 Newshound Guru SWFloridaGuy After talking to several people, with several different theories, I believe Iraq will take a more general convex function where the growth increases in a way completely disproportional to it's current value. In other words a float is doubtful...There's already way too much heat on Iraq concerning their currency and the hype. So although they could make incremental appreciations i.e., 1000 to 1 as the next step, I don't see them going that route and with this announcement from the Finance Committee it's pretty clear to me that a gradual increase will not accomplish their goals. I think a historic RV somewhere at least on par with the USD initially is the true direction their monetary reform project is headed. [post 2 of 3....stay tuned]
3-29-2013 Newshound Guru SWFloridaGuy Amazing news today!!! The Finance Committee VP announced that they will be returning the natural rate of the IQD against the USD which proves that Iraq's rate is artificially low due to war/sanctions and not solely due to excessive printing of the old notes. The IMF is also supporting and instructing them on how to accomplish this. Unless you believe in a straight RD, you've known this to be true from the start and why you made a great financial decision (low risk/high reward) in seizing this opportunity. [post 1 of 3....stay tuned]
3-29-2013 Intel/Newshound Guru Poppy3 SPECIAL EMERGENCY WAS CALLED BY NAJAFI FOR TODAY OR TOMORROW I HAVE FORGOTTEN WHICH OF ALL LEADERS TO PREPARE FOR NEXT PARLIMENT MEETING AND PLAN MAJOR ANNOUNCEMENTS???? NEXT HE GOT SERIOUS ABOUT ATTENDANCE AND CANCELED ALL PARLIMENT VACATIONS AND DAYS OFF TILL EVERYTHING PENDING IS COMPLETED. STAND BY FOR SOME EXCITEMENT FROM NOW FORWARD AND MORE GREAT NEWS EVERY DAY NOW. [post 2 of 2]
3-29-2013 Intel/Newshound Guru Poppy3 ALL IS STILL MOVING IN THE RIGHT DIRECTION. I AM MORE EXCITED EVERY DAY. I HAVE GOTTEN NOTHING [BUT] POSITIVE UPDATES AND THE PEOPLE I AM TALKING TO ARE ALSO VERY EXCITED. NEWS FROM YESTERDAY WAS ALL GOOD THE DEADLINE FOR THE BORDER CONSTRUCTION WAS MOVING FAST AND REPORTED TO BE COMPLETED SATURDAY, THE WIDOWS AND ORPHANS ARE TO BE FUNDED AND ALL THE SMART CARDS OF THE PUBLIC ON APRIL 1, YESTERDAY THE WASHINGTON GROUP STATED THEY WHERE HEARING THE MINISTERS WHERE TO BE SEATED BEFORE SATURDAY, THEY ALSO SAID THEY HAD HEARD THE BUDGET IS TO BE PUBLISHED IN THE GAZETTE SATURDAY. [post 1 of 2....stay tuned]
3-29-2013 Intel Guru SteveI I have been told that they are all on board. I believe you will see a formal announcement next week regarding the lifting of Chapter VII. Ocrush confirmed the new wages April 1st so that is also reassuring that we are still on track. Can things change? Heck yes. Will they change? Probably not. The entire economic stability of Iraq is riding on finishing these last little details. The chasing is truly finally over. I think we finally caught it. For me, there is no more work for me to do regarding posting...This is my goodbye post to this chapter. See you in the next one. [post 3 of 3]
3-29-2013 Intel Guru SteveI We all think April 1st is a very good date for this to happen because of the many underlying factors. Ocrush said the budget will get posted in the Gazette by the 31st. There have been no amendments to allow for any additional delays. We also know that the parliament is keeping their session open which means they can meet at any giving time to vote on the remaining few laws. Ocrush explained it to me that the Council of Ministers will have the approval(s) of all final laws for parliament in time to vote on Monday April 1st.. [post 2 of 3....stay tuned]
3-29-2013 Intel Guru SteveI We are aware of many things that we have not shared, and when I say done, I mean the major obstacles have been removed to allow the final process to take place. As you are all aware by now, Chapter VII is no longer an obstacle, the voting of the budget is no longer an obstacle. Yes a few final laws that have been in the works for some time will be completed. These are not new laws that just came up, but rather existing ones to wrap things up. The budget is now in the hands of their legal ministry court or department to formally publish it. [post 1 of 3....stay tuned]
3-29-2013 Intel Guru BOBGETZ6 I have heard some good information, but until the IMF gives the UST the green light, nothing will happen. Information received from a friend , IMO, was huge, but now we wait to see what transpires. IMO, again, we wait for the announcements and I belive that the chapter 7, budget announcement, and rv will be all at one time. It appears to be the best place we have ever been in...
3-29-2013 Intel Guru Blaino THERE IS SOME FRESH STUFF FROM THE "ARCHITECT".... TOMORROW [FRIDAY] COULD BE THE BEST TIME FOR OUR EYES TO SEE THIS THING IN A PUBLIC WAY...AND WE MAY ALSO HAVE UNPRECEDENTED...ANNOUNCEMENTS ON A RANGE OF TOPICS.
3-29-2013 Intel/Newshound Guru Poppy3 received a call saying they have heard the 2013 budget will be published in the gazette saturday. I AM ALSO HEARING THE MINISTERS ARE BEING SET TODAY [THURSDAY]. TIME WILL TELL. [do you think there will be a time limit to do our exchanges.] THE CURRENCY SHOULD BE GOOD FOR AT LEAST 24 TO 36 MONTH AND REALLY FOR ALWAYS. IF YOU HAVE A USD $1000.00 DOLLAR BILL TODAY IT IS STILL GOOD AND MANY OTHER MONEYS THAT HAVE BEEN TAKEN OUT OF SERVICE IN MANY CURRENCIES ARE STILL VALID. THE ONES THAT EXPIRE ARE LIKE IF THEY HAVE A 10,000 DOLLAR BILL AND THEY REPLACE IT WILL ANOTHER 10,000.00 DOLLAR BILL BECAUSE OF A GOVERNMENT CHANGE OR REGIME CHANGE THAT IS WHEN THE ARE EXPIRED AND NO GOOD. LIKE THE OLD DINAR THAT HAD SADDAMS PICTURE THAT THEY REPLACED. 3-29-2013 Newshound Guru Doc We ask ourselves what this means to our situation and basically the fundamental issues have not been fully resolved. And unfortunately we do not see complete resolution until Maliki is neutralized either by cooperating or removal. The above article is pretty plain in that this is the current situation. With this we would put the probably of the rumored April 1 date for currency reform as EXTREMELY REMOTE at best. Do we concede progress is slowly being made toward that end - absolutely! We simply encourage everyone to step back and take a deep breath. The back drop of late May will bring an interesting scenario. We report, you decide. [post 4 of 4]
3-29-2013 Newshound Guru Doc We ask ourselves how does this impact currency reform. The answer is the political games are still be played out. Another article quoted an Iraqi official as saying currency reform would not happen until the political climate improves. Many have asked what does that mean or look like. We believe the article about Kerry's visit shed light to this when it said "Prime Minister Nuri al-Maliki that he abandon his approach Excluding partners politicians, has emerged leaks stating that U.S. Secretary of State carry a proposal to Prime Minister Nuri al-Maliki to resign in case of default solutions other political and legislative elections after the formation of a government..." Basically this appears to be saying put in the power sharing GOI structure or get out. In a nut shell this appears by all accounts to be the "political stability" everyone is looking for. [post 3 of 4....stay tuned]
3-29-2013 Newshound Guru Doc We can confirm from this several points we have reported for months now which are 1) Maliki has been and continues to be the problem and 2) items like chapter 7, DFI, etc. are pawns the international community have used to get Iraq to play ball. These points can no longer be argued in that they are now here in black and white. The good news from this is that the vice from outside is tightening rapidly. And that (and I quote from the article) "especially since the readings several say that Prime Minister Maliki is no longer America's man of choice in Iraq." [post 2 of 4....stay tuned]
3-29-2013 Newshound Guru Doc There was great information in an article concerning the message Kerry conveyed to Maliki during Kerry's recent visit to Iraq. Part of the article is quoted as "U.S. administration has developed scenarios to resolve, with waving the possibility to impose new facts on the ground through the tools of several in the absence of a response Maliki for these scenarios, including obstruction Iraq out of Chapter VII, and the issue of Iraqi funds, and not to deal with his government, and other hard and soft tools. Thus, the United States had waved the stick Algledh Maliki, leaving him a little bit of the islands." [post 1 of 4....stay tuned]
3-28-2013 Intel Guru TerryK there is a very strong opportunity for us to see this in the am (2) am...the banks are closed in iraq...sorry not see it, hear about it. what im hearing is that we should see it when the banking system opens on sunday...sunday is the first day of the banking week for iraq. SO THAT IS TELLING ME SEEING IT AT CBI...what im talking about tonight is you may hear about it... the word will spread. THE RATE IM BEING TOLD IS 7.24 AND .49 ...the dong is going with the dinar.
3-28-2013 Intel Guru Blaino additional stuff is just in:::::::::::::: major fincl 'players'...Say "be ready" these are 'management types' that will line up to "help you!" in a post rv environment...And this one is cross connected with a piggybank...So they get good stuff!
3-28-2013 Newshound Guru Administrator Bob Article quote: "Announced by the Special Representative of the Secretary-General of the United Nations in Iraq, Martin Kobler, Thursday, on resolving the issue of the demarcation of the land boundary between Iraq and Kuwait, with the local government in Basra urged to speed up the clearance of Iraq from Chapter VII." Some very good news today! Special Representative to the UN - Kobler announces the resolution of demarcation of the land boundary. Green lite to be removed from UN Chapter 7.
3-28-2013 Intel/Newshound Guru Poppy3 amen and amen great news and post. other solid news being reported that the ministers are to be installed today and or tomorrow. No postponement of parliment, demanding attendance, DR SHABIBI TO BE A KEY SPEAKER AT THE FINANCIAL SUMMIT SATURDAY. THE KUWAIT BORDERS SINAGE AND BORDER MARKER ARE INSTALLED AND COMPLETED WILL BE ANNOUNCED IN PARLIMENT SATURDAY. THIS WAS ANOTHER STEP IN THE PROCESS AND PENDING THINGS TO HELP TO QUALIFY FOR REMOVAL FROM CHAPTER 7. OF COURSE ONE MORE THING IS A RV OF THE CURRENCY. APRIL FIRST DEADLINE FOR MANY OF THESE AND OTHER THINGS. THE ONLY HOLD UP I CAN SEE PERIOD FOR THE NOT TO HAPPEN IS IF MALIKI DOES NOT CONTINUE TO CONFORM TO THE LEADERS AND PEOPLE THEY WILL THEN REMOVE HIM AND THAT MAY DELAY US A COUPLE DAYS BUT I DON'T SEE THAT HAPPENING NOW AT THIS LATE DATE IN THE PROCESS GLORY GLORY LET R RIP . POPPY3
3-28-2013 Newshound Guru Stryker Kobler Announces Border Demarcations are Complete, One of the domino's is ready to fall, Kuwaiti Prime Minister Maburak now can come to Baghdad and sign his part of removing Iraq from Chapter VII to VI, domino #2...The Domino's are getting ready to fall Folks.
3-28-2013 Newshound/Intel Guru BGG Far as I know - things are still on track...appears to have been some minor delay - but things are moving right ahead...not a big deal or I would have gotten a report. Not to worry.
3-28-2013 Intel Guru Blaino high rv alert message: next hours/minutes could be pivotal! we are getting a ton of intel and incountry stuff from several directions...imf has (apparently) issued ORDERS...Banks, politicians (current and retired)...Sources, contacts and "gut" says .... "now"
3-28-2013 Newshound Guru Kaperoni Article: "The Minister of Planning / the Acting Minister of Finance, Prof. Ali Yousef Al-Shukri, searched with a delegation from the World Bank the restructuring of Rafidain and Rasheed Banks." We have talked on the past about when Shabibi stated this event was not a CBI event, but an Iraqi event. And how this would have to be coordinated amongst several agencies. Here we have the Minister of Planning engaging with the World Bank. This IMO is a significant step towards changing the value of the dinar.
3-28-2013 Intel Guru OCrush Its a stand off! LOL! Between some blocs and the CoM (Council of Ministers). The CoM need to ratify and vote on the amnesty law and the accountability & justice and send it to parliament for a vote. Once this is done then parliament will vote on the antiquities, mesopotamian and other laws. The CoM is playing a dangerous game here but they will blink...the people are watching:) The CoM will hold an emergency meeting to vote on these two issues before sunday:) Also, the 3 homes that were on the border were demolished and they are finishing the border...YAHOOO! The conditions that were set by the UNSC have been completed (just the 3 homes) and the families were compensated:) Great news!
3-28-2013 Intel Guru Ray [Is Maliki's power a threat to the Iraqi people not getting their money if it RV's before they put him out of power?] I don't think Maliki is a problem anymore. [did Maliki really agree to give up his powers?] With the Erbil, Maliki will agree to share. [do we need to see the passing of laws tomorrow before the budget is posted in the Gazette?] We aren't sure of the timing of the posting but we feel it is very close. I wish we had a date. Everything is falling into place and we feel we should be seeing the RV any day now. [post 2 of 2]
3-28-2013 Intel Guru Ray [Does Chap VII have to be lifted formally for us to be able to cash in at our banks?] Once it RVs you should be able to go to your bank and cash in. [Should we expect them to work or show any results on Friday (their Holy day)?] They have in the past so it is possible. [Did the Antiquities law get passed?] We are not sure if it passed or not. [We haven't seen any news on the IMF moving the currency from Article XIV to Article VIII. Have you heard of any IMF actions that could take it to a convertible currency?] Not that I know of. From my sources, something big is going on and we need to watch the news. [post 1 of 2....stay tuned]
3-28-2013 Intel/Newshound Guru Poppy3 I have been getting info since last Friday from people I know in Washington, people in Iraq in the military & civilians. They all started calling me within a few hours of each other saying "this thing is coming, this is our week, the end of the week or by April 1st". They called back over and over and confirmed this. They are excited as I am. If you're not hugging your family right now knowing that tomorrow is going to be bright, whether it's tomorrow or April 1st or 3 months from now, it makes no difference. You are in it, it's not going to be a life of penny pinching much longer. There is article after article that points to April 1st. Are you dancing yet? This is getting ready to explode right in front of our faces. [post 3 of 3]
3-28-2013 Intel/Newshound Guru Poppy3 Iraq is going to be the richest country in the world. It is the richest country in the world. They are now 2nd behind the Saudis in oil production & reserves. 40% of the worlds oil will come from Iraq within the next decade. How rich is Iraq? There's no way to put a finger on it. We are about to see one of the greatest events ever in history. We are invested in the Iraqi currency that is going to change this world. [post 2 of 3....stay tuned]
3-28-2013 Intel/Newshound Guru Poppy3 I invested about 5 1/2 - 6 years ago. It's been an absolute nightmare. I researched it for 9 months and convinced myself...it's real, it's going to take place. So, I got excited about it. We are looking at the end of the road right now. I have great expectations for Thursday to April 1st. This has been a long term investment. It shouldn't have been. The 7 countries previously that RV'ed that were liberated by war all did it within 3 1/2 years and they all revalued for a substantial increase in money. That was one of the things in my research. [post 1 of 3....stay tuned]
3-28-2013 Intel Guru SteveI Some one will ask the rate, it is still 3.41... As for the timeline could be as early as this weekend...or next week. A strong this weekend or shortly thereafter. I just got an email from another source that more world wide people are arriving at the airport. Something is for sure going down. Again, we are there. Done. Done. Done. [post 2 of 2]
3-28-2013 Intel Guru SteveI [do you have an idea of when the budget will be in the gazzette?] We believe this week. [We haven't seen any news on the IMF moving the currency from Article XIV to Article VIII. Have you heard of any IMF actions that could take it to a convertible currency?] I have been able to confirm that many people world wide are at the CBI and still arriving. So something is for sure going on. [post 1 of 2....stay tuned]
3-28-2013 Newshound Guru Enorrste Articles: "Suhail looking with a delegation from the World Bank to restructure the Iraqi banks" & "World Bank: eager to give advice to improve the performance of the Bank and Iraqi banks" These articles actually added something that the original article did not include: that the WB is also planning on making changes to the CBI itself. That has me a little concerned. It could open a bag of worms that we have not anticipated. Time will tell. It begs the question, though: what is wrong with the CBI that it needs to be "adjusted"?
3-28-2013 Intel Guru TerryK [we keep hearing that the dong won't go at the same time, will it go with the IQD.] IT IS GOING WITH THE DINAR. IT'S IN THE FIRST BASKET. HEY, REMEMBER MY BUDDY...AT WAS IN IRAQ. TALKED TO HIM TODAY AFTER MONTHS OF NOTHING HE REMINDED ME WHAT HE TOLD ME, 6.18. I LIKE 7.42 BETTER BUT HEY I TAKE BOTH.
3-27-2013 Newshound Guru Adam Montana If the RV comes out high, then I believe the length of time to exchange will be longer - but eventually they will want to get the "old" notes off the street and introduce a new currency for all the reasons they have and currently state. now, either situation is good - if it comes out low and we are forced to cash in, there will be other ways to continue to ride the value up... so I guess we win either way, don't we? [post 2 of 2]
3-27-2013 Newshound Guru Adam Montana [Having had you finger on their pulse for sooooo long now do you feel theres any possibility that there might be a limited cash in time or do you lean more towards us being able to wait for the rate to go up.] I do indeed believe we will have a definite time frame to cash in our large notes. If the value comes out low, the CBI would be much better off to maintain a low value and mandate a specific exchange period, such as 90 days, before continuing to raise the value after that. [post 1 of 2....stay tuned]
3-27-2013 Intel Guru SteveI Now, here is something I find very significant, presently there are people from around the world at the CBI and more arriving continually. No one has actually come out and said the purpose of why they are there, but I guess one can speculate as to why. I will not say it, but I will sure think it. I truly feel we are at the end and it is actually over. I am waiting for the official posting of the budget of 2013 to be make into law by the entry into the Gazette. Everything else will follow accordingly. Many claim a rate is not in the budget, many claim it is, so the entire world will know what really is going on in a very short amount of time. If we hear more, we will share more. It is very possible that this will be over before any more news surfaces. [post 2 of 2]
3-27-2013 Intel Guru SteveI Ray and I reached out to every contact we know and we are finding that any sort if information is extremely difficult if not impossible this week to get. But we were able to get several pieces of information that we can share. As I mentioned in my other replies, yes, the United States Treasury is still in Iraq. Why are they there you ask? Parliament is still meeting to pass laws. I am looking for one that is the clincher. [post 1 of 2....stay tuned]
3-27-2013 Intel Guru Okie_Oil_Man THERE ARE A MULTITUDE OF POSITIVE INTEL COMING IN THAT SO-FAR IS STILL UNDER THE NON-DISCLOSURE AGREEMENT. I AM MORE OPTIMISTIC OF THE IMMEDIACY (SP) OF THIS THAN EVER BEFORE. HOPEFULLY VERY VERY VERY SOON I WILL BE ABLE TO SHARE OPENLY WITH YOU. I AM HOPEFUL THIS YEAR THE EASTER EGG'S MAY BE THE GOLDEN EGG THAT THE GOOSE LAID. [post 2 of 2]
3-27-2013 Intel Guru Okie_Oil_Man GOOD AFTERNOON AMERICA, SHIP'S AT SEA AND ALL OUR WORLD WIDE FRIEND'S--JUST A SHORT FLY-BY--ACCORDING TO SOURCES THING'S ARE APPROACHING THE BOILING POINT. ALL THESE ENDLESS DELAY'S ARE SHORTLY TO BECOME HISTORY. WE ARE NOW IN THE BEST PLACE WE HAVE EVER BEEN IN AND I HAVE BEEN IN THIS DINAR SAGA GOING ON NEARLY 10 YEAR'S NOW. [post 1 of 2....stay tuned]
3-27-2013 Newshound Guru Tlar This confirms to me that what the CBI has been doing in flooding the markets with USD, was a planned move to repatriate the dinar from Syria and Iran and to reduce what was in Iraq. If this is true and they are reversing or stopping this process, that implies to me that what the bank set out to do even before Shabibi was thrown out, has been successful enough as to no longer be the potential problem that it was. This will raise the value of the dinar. It is just the opposite of what we might think would happen. I think we are now witnessing the beginning of the end to this process. It bodes well for our investment if I'm right because it has paved a potential way for the CBI to now do something now with the currency. The balance is back. [post 3 of 3]
3-27-2013 Newshound Guru Tlar The second thing this says to me is the CBI has made the determination that they have corrected the balance in the currency enough, and the time is right to steer this process back the other way. In other words they are now going rebalance their sales between dinar and the dollar at the auction with these restrictions. I think this is good for our investment because its an affirmation that the CBI could have stopped the sales at anytime because they had the control switch in the hands at all times. [post 2 of 3....stay tuned]
3-27-2013 Newshound Guru Tlar Article: "Uzmatk _ economic center: severe restrictions on the sale of the dollar lifted its price before the dinar and not the political situation" Its obvious from the articles the CBI is attempting to restrict sales of foriegn currencies only to the amount that is needed to do business with the outside world. The CBI is obviously decided to shut down the free for all on the currency that we have witnessed for the last 7-8 months. Why now is the question. What they are calling today a problem, is exactly what has brought the dinar back into balance, This process has allowed the CBI to pull the wads of dinars off the market that Shabibi had sold between 2003 and 2007 at auction to raise hard currency. This flooded the market causing the imbalance. Couple this with Syria and Iran favored trade agreements and it created a massive problem for the CBI and IMF...You and I still hold some of these dinars. [post 1 of 3....stay tuned]
3-27-2013 Newshound Guru Adam Montana First, no change in the value at this time. There is no official announcement on a change this week, despite what some...saw on a screen. Second, no change in Chapter 7 or HCL. In fact, this week has been surprisingly slow and quiet for news on those two matters... but if you've been following this topic for any amount of time, you will probably understand that Iraq ebbs and flows. Many times we see a flurry of articles for a week or two... and then silence. The bottom line is that we don't need to freak out when there is a week or so of silence. It's just the natural way things move over there. Although there wasn't anything big to discuss over the last week or so, it's only a short matter of time before things pick back up. Although not much was done this last few days, an old adage comes to mind... sometimes, no news is good news.
3-27-2013 Newshound Guru Breitling [Does Iraq need to get every dollar off the streets to revalue the dinar?] No, they just have to motivate the trend toward people off the dollar. Their intent when they created the new currency is to make the Iraqi dinar a tradable currency around the planet so that everyone can use the dinar as a reserve, relevant outside the oil industry. They will not have an in country revaluation. They are controlling, they are going from a dirty float to a managed float. They need to manage the money supply in order to get in to the dollar range and then once they do that they can get in to the $3 range. You are actually watching policy, it's managed. Their intent is to raise the value of the dinar.
3-27-2013 Intel/Newshound Guru Poppy3 I DO NOT EXPECT THE RV TOMORROW MYSELF BUT I HAVE GREAT EXPECTATIONS FOR THURSDAY TO APRIL 1 I KNOW WHAT DAY IS BEING SAID THAT IS THE DAY BUT I AM THINKING ITS A DECOY FOR THE ACTUAL DAY. TIME WILL TELL BUT EITHER WAY IT WILL BE AWESOME. POPPY3
3-27-2013 Newshound Guru SWFloridaGuy This is a very unique opportunity (obviously), but for a historic precedence let's take a look at 1960-Present Day, there have been 25 episodes of large nominal and real appreciations. If you solely look at historic large currency appreciations, even a 20% increase, runs the risk of having negative long term effects. A 100,000% increase is not even something regarded as possible by most economists. However, this obviously why we are all here, what we all have come to recognize & what makes this opportunity in Iraq a unique situation!! So, stay positive friends and I will as well. Hopefully, this will all be over soon and we'll be at the bank soon. [post 2 of 2]
3-27-2013 Newshound Guru SWFloridaGuy Iraq's currency shows more promise than any other before in history (considering where it's been, where they are and where they can go). Has there ever been a RV like what we're expecting? Of course not!!! Did Kuwait RV the same way we're hoping Iraq will? Of course not!!! Previously there have been 14 episodes where a country's real and nominal effective exchange rate appreciated by 10% or more without discretionary adjustments of the parity by the government (over a two-year window or less), leading to sustained real effective appreciation. [post 1 of 2....stay tuned] 3-26-2013 Intel/Newshound Guru Poppy3 our sources are real and have real jobs in real key positions so please understand. I get excited and am bad about saying way to much. Lol, lol but when i am this excited i am even worse about it. its all my fault but you better be happy about it. the people sharing with me are friends and i assure yu what they are saying is fact as they have been told to date. If this thing blows up again it will not be because they told us a bunch of bull in fact they don't know one another and are in three separate parts of america and two are in iraq. What is being said is being said the same in all locations and all are saying the same thing within 48 hours of the same deadline for the blessing . Now thats as plain as i can say anything more about why i am so excited...48 hours from seeing the end of the road.
3-26-2013 Newshound Guru Stryker Well they did it again, the Kurds said they were going to be in attendance in the parliament all the way up until the last minute yesterday and then an announcement came out from them saying that they would decide within 48 hours. I thought something was up but I said we would just need to wait and see, early this morning we found out, not Kurds showed up in parliament today. It was almost like they said they would be there for the last few days so another majority could not be formed to vote around them again, surely they wouldn't do that, right?
3-26-2013 Intel Guru Blaino NOW YOU SEE WHY THE "FOLLOWER" (VND) COULD BECOME FAR AND AWAY THE "LEADER" IN RETURN PER ORIGINAL DOLLAR CONVERTED TO EACH CURRENCY ORIGINALLY. AT THESE RATES AND SCENARIOS, THE VND RETURNS $7,966.00 VERSUS THE IQD AT LESS THAN HALF THAT .... $3,109.00 :::::::::::::::::::: DO THE MATH! [post 3 of 3]
3-26-2013 Intel Guru Blaino THEN, WE LOOK AT IQD AT $3.42 REVAL (POSSIBLE)1 MILLION IQD AT SAY $1100.00 WOULD BECOME $3,420,000.00 DIVIDED BY THE $1100 YOU MAY HAVE SPENT (AN AVERAGE) EQUALS $3,109.00 FOR EACH DOLLAR OF THAT $1100.00 YOU CONVERTED. [post 2 of 3....stay tuned]
3-26-2013 Intel Guru Blaino OK...WOWSER, LOOK AT THIS! 1 MILL VND @ $60 COST TIMES A (POSSIBLE) REVAL RATE OF $.478 = $478,000.00 OR IF DIVIDED BY THE $60 YOU SPENT TO GET THAT MILLION, A RETURN OF $7,966.00 FOR EACH $1.00 YOU ORIGINALLY CONVERTED TO VND OUT OF THE $60.00 YOU PAID FOR THE CURRENCY! [post 1 of 3....stay tuned]
3-26-2013 Newshound Guru Kaperoni Article: "IMF calls for strengthening financial control mechanisms in Iraq" Enorrste and I were discussing this issue yesterday. We have heard from the IMF in the past, the World Bank in the past, or the UN or USAID, EU and others, but I do not recall ever, that these are all coming forward at the same time. This seems truly to be a real unified approach to get Iraq to move forward now.
3-26-2013 Newshound/Intel Guru BGG One way or the other - the next few days will be very exciting.
3-26-2013 Intel/Newshound Guru Poppy3 GLORY, GLORY, GLORY, GLORY, GLORY, GLORY THE NEWS IS AWESOME GLORY, GLORY, GLORY, GLORY ,GLORY , GLORY THATS ALL I CAN SAY . YOU GUYS ARE SO VERY BLESSED AND MANY ARE STILL IN WEATHER THIS IS EVEN REAL GLORY, GLORY, GLORY, GLORY, GLORY, GLORY. IT IS A WONDERFUL WEEK AND EVEN THOUGH IT IS COLD IT IS A GREAT DAY. WE ARE SO VERY BLESSED. [from a scale of 1-10... how excited are you poppy?] I AM AT A 11 PLUS.
3-26-2013 Newshound Guru Kaperoni Article: "Suhail looking with a delegation from the World Bank restructuring Iraqi banks and the Central Bank" Very good stuff. With the 30 days from the IMF to choose an exchange regime, and this meeting, we are definitely getting closer. Let's hope they can get the final work done on restructuring these banks and move forward with the dinar.
3-26-2013 Intel Guru SteveI Referencing Wife in the Know post dated 3-25-2013: I absolutely agree with this post...it is accurate by all of our sources, so I can safely say, it is what it is and spot on. Their numbers and ours are within a penny. I am more confident more so every day. I think plus or minus a few days around Easter will be a perfect time for the final task. You all saw the article saying they are going to start spending money first part of April, so in my opinion, this is as good as it gets.
3-26-2013 Newshound Guru Kaperoni Article: "World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar" if you go and look at the World Bank Report on Iraq...the Rafidain Bank and Rasheed Bank action plan #75, #83. And memorandum of understanding restructoring of Rafidain and Rasheed #91...They are basically the same with 5 steps to restructoring them. This IMO is Key as the 4th step is recapitalization. I dont know if that is complete, but we have seen the CBI hold a bond auction earlier this year at $200 billion dollars. Which according to the WB report is the method of funding this recapitalization...it appears they are at that stage (#4). With #5 only left which is titled..."Implementation and Follow-up." Seems like we are very close.
3-26-2013 Newshound/Intel Guru Bluedog Iraqis do not make major moves when the USA is in their country so they wait a bit the do things. I hope Kerry's surprise does not slow this down. Im still on for first part of this week if not then in april, the first week...
3-26-2013 Intel Guru Poppy3 now listen up during my dinner two other sources and confirmed almost verbatum what i had already recieved last evening. So now i am more confident than ever this is our week??? At least it is the best week in the last 6 years i have been locked into this thing.
3-26-2013 Newshound/Intel Guru BGG [on Randy’s call the other day, he said something about if this things doesnt go by saturday the 30th, then we may be out another month? do you agree?] he’s probably right in that – If they don’t have some kind of event shortly, it signals that they are going to remove him and that will take just a little while…(not long)... that is obviously his assessment (not mine) – I will have to look at it once we get to that place, but that sounds reasonable...could be lots sooner actually – Article V paves the way for a very quick Maliki exit.
3-25-2013 Intel Guru Wife in the Know I have stayed silent to allow for this to play out, but now I am very excited after what I was just told. The timing for the release of the "new" rate of the Iraqi dinar has been agreed upon. The rate of 3.42 is to appear on April 1st! (No fools day joke either friends) this information has just been acquired by people who deal directly with payment distribution for contracted services. This is the department that my husband works for and he has been telling me that as soon as payment schedules are released, Iraq will then revalue their currency! I have complete faith that this is finally the end of this long endeavor for the Iraqi people. Start smiling : )
3-25-2013 Newshound Guru Stryker Things are Getting Real Exciting in Iraq...it is getting real interesting my friends.
3-25-2013 Intel Guru Poppy3 am i excited??? yes very. can i share the information i have been delivered...no. would i like to yes but guys they could be wrong...ALL I CAN SAY IS THAT I AM NOT THE ONLY ONE THAT IS EXCITED TODAY... NOW LISTEN TO ME ALL THIS CAN BE VERY WRONG BUT THIS IS HOW CONFIDENT I AM IN THE PEOPLE THAT I KNOW PERSONALLY AND WHAT THEY HAVE SHARED WITH ME. IF I AM WRONG THEN IT IS ONE MORE MISTAKEN LEAD FROM IRAQ BASED ON THEIR LIES NOT MINE OR MY SOURCE, USE YOUR OWN JUDGEMENT. POPPY3
3-25-2013 Intel Guru SteveI Article: "Economist: delayed disbursement of public budget will affect negatively on the five-year economic plan" This is an extremely positive article. This means the budget has to be posted in the official Gazette opened and change value prior to disbursing the monies. April is only a few days away so I also see this as very good news. Finally the citizens will get taken care of for a change.
3-25-2013 Intel Guru Frank26 Article: "BAGHDAD / obelisk: counting and Planning Minister Ali Shukri, Sunday, announced the World Bank to start implementing his plans to restructure the government banks Rafidain and Rasheed It's an important step was waiting for Iraq to raise the value of the dinar." [The quote... "was waiting for Iraq to raise the value of the dinar". Seems to be in past tense, that it has already been done. Is this correct?] You ask me is that correct? LOL. And what have I been telling You about this subject since 1/21/13? It was born by US the USA via the IMF doing the 2013 budget for Iraq since Nov/2012. I told You...It only seeks a final home called a PASSED 2013 BUDGET. So is this article correct? My only comment is...Ditto.
3-25-2013 Newshound Guru Med [news was a little disappointing about Kerry's visit to iraq] DONT EXPECT IT TO BE IN PUBLIC BUT FROM WHAT I AM GATHERING FROM THE NEWS WE ARE GOING TO KEEP MALIKI IN OFFICE. I BELIEVE THAT THIS WILL HAPPEN WITH OR WITH OUT HIM IN OFFICE. THEY CANT KEEP THE STATUS QUO INDEFINATELY. THE PREP WORK AND ALL THAT IS NEEDED TO BE DONE IS ALL COMPLETED. IT IS ONLY THE MECHANISM FOR DELIVERY THAT STILL IS IN DISCUSSION.
3-25-2013 Intel Guru Bluewolf OUR LUCKY 7 STARTS AS OF TODAY, BE ON THE HIGHEST OF ALERTS, follow the count down. YA ES ESE TIEMPO [ ITS ABOUT THAT TIME ].
3-25-2013 Newshound Guru Enorrste Until the political environment improves (before everything!) the dinar will not rise in value. Just what form that "political environment" improvement must look like is anyone's guess, but I suspect that it would AT LEAST mean that the current crisis (i.e., Maliki acting as dictator) would have to be ameliorated somewhat. That means that we are back to a no confidence vote, or a change in Maliki. Since the latter is highly unlikely we must hope for the former. [post 4 of 4]
3-25-2013 Newshound Guru Enorrste The next statement is their squeeky opening: "the World Bank said the Iraqi side that lifted the value of the Iraqi dinar should be a priority as well as he needs to political stability in the country before everything." The last part of the sentence is the "squeeker" part, namely political stability "before everything." Therefore, rather than start jumping up and down, I suggest you sit down, relax, and look to the political environment for signs of improvement. Without it, you will not see the dinar rise in value. This means we are back to Maliki (damn it!). I hate to be the bearer of sad news, but that is what the article is saying, at least to me. [post 3 of 4....stay tuned]
3-25-2013 Newshound Guru Enorrste Furthermore, the statement indicates that the actions being taken by the World Bank "will be the guarantor of restoring the Iraqi dinar of its value." WOW! It would be one thing to say that it would "make it possible, someday," or "open the opportunity somehow." But instead it said it would GUARANTEE a rise in the value of the dinar. AND IT CAME FROM THE MINISTRY OF FINANCE, WITHIN THE GOVERNMENT OF IRAQ! This statement is truly a first, because it indicates that WITHIN the GOI there is now a consensus that the dinar should and WILL be raised. The big question: When? [post 2 of 4....stay tuned]
3-25-2013 Newshound Guru Enorrste Article: "World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar" "the Ministry of Finance confirmed that the plans will be the guarantor of restoring Iraqi dinar of his value economic between foreign currencies and this will be part of this plan." This sentence is the most powerful of all in this article. First, the source of the comment in this sentence is the Ministry of Finance, NOT the World Bank. The Ministry of Finance is a part of the GOI, not a part of Parliament. Therefore, this statement comes from WITHIN the GOI. This is the FIRST statement of support for the raising of the value of the dinar from within the GOI. [post 1 of 4....stay tuned]
3-25-2013 Newshound Guru Kaperoni Article: "World Bank restructure the Rafidain and Rasheed in order to raise the value of the Iraqi dinar" My immediate reaction is there seems to be some work left to do according to this article. And second the WB is calling Maliki out. In the past, the WB has told him to "butt out" of monetary policy. So here we have them announcing the plan to put him on the spot. If it does not happen, everyone will know why.
3-25-2013 Intel Guru Frank26 So tomorrow...I will further divulge some understanding on: WE HAVE NO CHOICE BUT TO SEE THE RATE THIS COMING WEEK. A FIXED RATE THAT WILL BE GIVEN TIME BY THE GOI TO ASK FOR A SECOND GREEN LIGHT FROM THE IMF. WE KNOW THE BUDGET WILL BE IN THE GAZETTE THIS WEEK AS WAS ANNOUNCED TODAY BUT APRIL 1ST WILL BUST THIS BUDGET OPEN LIKE A PINATA. THE CANDY IS AN INCREASE IN THE VALUE OF THE IQD. [post 3 of 3]
3-25-2013 Intel Guru Frank26 They painstakingly explained what Article 4 not only means but what the next step is for their country...the IMF's Article 8. They also proudly announced about CH7 as if it does not even exist anymore because they are giddy about entering CH6 of the UN. Incredibly enough they talked to the citizens about their new position with the WTO and the WB. You know something...this takes a lot of guts to announce on such a public venue if they don't plan to do it. [post 2 of 3....stay tuned]
3-25-2013 Intel Guru Frank26 late last night DELTA's Team from Baghdad saw a new campaign to inform the citizens of the pending increase in value by proclaiming through Iraqi TV these facts. With excitement said DELTA...they explained what happened in those 10 days with the IMF and the GOI. They talked about the 85% and now kicked into 30 days. They told the citizens there is no request for loans from the IMF that they are about to increase the value of their currency. [post 1 of 3....stay tuned]
3-25-2013 Intel/Newshound Guru Poppy3 here ae are again with days at the most of a very possible RV and what do we do we have a group of unenvited dignitaries from the USA landed in Bagdad barking orders that they should have been screeming about months ago. NOTHING WILL MOVE IN IRAQ TILL KERRY AND CREW LEAVE THEN HOPEFULLY THEY WILL GET BACK ON TRACK BUT THIS IS ANOTHER DELAY FOR SURE. I WAS PREPARING FOR THE RV NEXT WEEK BUT I CAN SEE...THAT THEY ARE GOING TO PREVENT PROGRESS AGAIN.
3-24-2013 Newshound Guru Eagle Has Landed everyone keeps debating whether the 2013 Iraqi Budget is 138 Billion IQD or 138 Trillion IQD. It is NEITHER! the 2013 Iraqi Budget is $138 Billion US DOLLARS as clearly stated in ENGLISH by the Iraqi representative at the UN Security Council Meeting held on Thursday, March 21, 2013. Heck, the Iraqi UN rep even calls for Chapter VII to be lifted on March 31, 2013. That's correct, he gave an actual date!
3-24-2013 Newshound Guru Doc In fact over the last year Shabibi, SIGR, etc. have all commented on a par rate. In ALL cases when the rate is compared to its glory days of around $3.40 it is in the 3-5 year goal and not in the short term. As one of our professors told us in God he trusts, everyone else must bring him data. Only whispers and rumors suggest non sustainable rates. We report, you decide. [post 4 of 4]
3-24-2013 Newshound Guru Doc We found another interesting source which alluded to a possible exchange rate. This was straight from the Ministry of Finance web site. There is a section of the site which talks about some rules of thumb for economic evaluation inside of Iraq. What jumps out is the exchange rate suggested by the Ministry is $1.134 per dinar. We note this not to say this will be the "number" but to highlight the fact that NO published source has ever stated rates in the $3+ or $7+ range or any range that was much different than at par with the USD. [post 3 of 4....stay tuned]
3-24-2013 Newshound Guru Doc In other words Iraq expects to take in $95.3 million over 2013. Remember oil is priced in USD and not dinar. As we reported previously and still contend the budget is 138 trillion dinar. If you believe 138 "billion" dinar is the actual number then you must concede the assumed exchange rate is $0.69. Even if you subtract 27 billion as quoted as shortfall to be covered by 2012 surplus then the rate would be $0.86 (95.3/111) which is no where near the astronomical rates being rumored. [post 2 of 4....stay tuned]
3-24-2013 Newshound Guru Doc We found another article quoting numbers that are supposedly in the 2013 budget. It stated a total budget of 138 billion dinar. The obvious question is is this a misprint and should it be 138 trillion dinar. To confuse things even more it broke it down by saying it was "$83 billion dinar" for operations and "$55 billion dinar" for investment. These obviously can not be in $ and dinar at same time. While we maintain these to be misprints what is consistent in every public source is the budget is based on 2.9 million barrels per day at $90 per barrel. This equates to 95.3 million USD. [post 1 of 4....stay tuned]
3-24-2013 Newshound/Intel Guru BGG Article: "URGENT…US Secretary of State arrives in Baghdad" This is exactly the action being called for by most noted foreign policy scholars. It’s about time they heeded good advice!! Further – rumor is, Kerry is there to “affirm” US support for the new strategic alliance with Iraq. This would be part of the deal I have been talking about. Maliki needs this to legitimize his final year. He also needs new troops to provide security!! As I said – this looked like his only way out…
3-24-2013 Newshound Guru Tlar Maliki and his goons, under the guise of fixing it, as though the original law is flawed and in need of repairs, really wants to drag this law through the mud and have it re-emerge with the responsibilty and accountibility for the bank falls under the Executive branch...he would love change this law to control the money of Iraq. Instead of continually breaking the constitution, he would love to re-write it. [post 2 of 2]
3-24-2013 Newshound Guru Tlar Article: "Deputy Central Bank does not need a new law, but for administrative guidance to support policy" Changing the base law on the CBI that was written and set up by the Bremmer Provisional Government, is a Maliki inspired demand. This bit about changing the law has no basis in fact, and the CBI knows it. The law as written is a good law that will do everything Iraq needs to be able to function both internally and in the international community. [post 1 of 2...stay tuned]
3-24-2013 Intel Guru Bluewolf Banks are maintaining the highest of alerts, basil 3 compliant has been completed...all exchanges in currencies all contractors payments shall be paid off with the 2013 Budget law which by the way was just ratified today in Baghdad by the Presidency ( factual news ). All issues with Kuwait over and done, all political movements in Iraq over and done the shift shall be soon, chapter 7 gone please lets get real on this issue, once the international release is completed the folder shall be close forever, section 8 chapter 6 etc. are different issues pertaining to another level of issues and they serve another purpose independently apart from each other but pertaining to Iraq in the whole. Be advise for there is a lot of smoke in the airways, bottom line is we are solid and on track and the Go button is about to be depressed (released )...
3-24-2013 Intel Guru BOBGETZ6 I was informed by a friend today, who is invested in the future oil business in Iraq, that a contract to export oil is due to be consumated within a month. This person feels as if this is a very good sign as to the intentions of Iraq as well as attracting future investment. Possible RV close, IMO, yes.
3-24-2013 Newshound Guru Mountainman Not only is this going to be huge for the oil sector and Iraq's economy in general but also support all the other legislation held up in Parliament as a result of being tied to it. They're bickering over 3 different proposals which when enacted (I believe very, very soon), will be good for the federal government and of course all the citizens who have been waiting for equitable distribution. Now that the budget is officially in the gazette, which is far from a RV but progress and next on the menu for the House should be finalizing one of the three HCL drafts. [post 2 of 2]
3-24-2013 Newshound Guru Mountainman HCL is coming, bet on it!! Iraq is losing fifty million dollars daily because of their inability to enact this oil and gas agreement. It's crucial and it's reached its boiling point. All parties involved are losing, there are no winners here and international pressure is mounting. This was supposed to be passed but the House of Representatives said at the last minute their was a minor dispute over political visions. [post 1 of 2....stay tuned]
3-24-2013 Newshound Guru Kaperoni on numerous occasions that the CBI, AMF and others have said they will choose..."floating orbit of exchange." Which is a free float, not a managed float. We can only hope they implement what they state as this will be the fastest way for us to recognize substantial growth in the dinar exchange rate. Keep in mind, prior to war, Saddam had his currency on a "free float."
3-24-2013 Newshound/Intel Guru Bluedog here's how its going to happen: RV then open Budget april 1st...PM from Kuwait comes first week so currency has to go b4 all of this so they come for chp7 to sign off ...then WTO because they just went thru a Fast Track Training for WTO, then at the same time Tariffs start with WTO [so your still thinking rv this week] yep, has to...to do what I just posted. 3-23-2013 Intel Guru Eagle1 I have a list of 2 dozen currencies in baskets of currencies that are restructuring. In first basket of currency not all currencies are revalueing, some are devaluing. We will have currencies that will revalue and others will follow with a devalue but I don't know which ones will revalue. I know the Chinese Yuan will revalue as per an agreement in just the last couple weeks. The Dong will revalue between May 1 and June 1, if my info correct, take it for what it's worth, with THE REVALUING OF THE DINAR IN THE NEXT FEW HOURS OR DAYS...
3-23-2013 Newshound Guru Kaperoni the IMF report has very little information in it that can be construed as to raising the value of the dinar. So many are trying to find "nuggets" where they don't exist. In the case of this paragraph. "The CBI should also take measures to gradually liberalize the provision of foreign exchange through its auctions, with the objective of avoiding in future the turbulence experienced by the market in the past year." This is talking about the currency auctions, not raising the value of the dinar. They are saying that they need to "gradually liberalize the provision of foreign exchange." Which means to slowly make available foreign currency to everyone within the country as needed. This is something that Iraq needs to do for a better overall investment climate. But again, IMO it has really nothing to do with making the dinar value higher or internationally convertible.
3-23-2013 Newshound Guru Tlar I believe Turki is now working in concert with the IMF in the direction he is taking the CBI. Just like Shabibi he knows whats best for Iraq, as I'm sure both Shabibi and the IMF have been coaching him. He doesn't speak much anymore nor does he try to answer the accusations that are being leveled at the bank daily. IMO this is a good thing. He is following Shabibi's lead to a T. Maliki may think he is the boss of the CBI, but the facts on the ground and the banks actions prove otherwise. [post 3 of 3]
3-23-2013 Newshound Guru Tlar Each article states that there has been a delay, all pointing to a future date (2014). Only one article from the CBI has stated that it could be sooner if they get the government situation settled but it was the only article to say this. The IMF has a vested interest to see it done sooner than later because they are low on funds. It is still the constitutional right of the CBI to make the call at their discretion. The CBI could spring this on the government unannounced. The CBI alone is in charge of monetary policy in Iraq. [post 2 of 3....stay tuned]
3-23-2013 Newshound Guru Tlar I'm pretty sure the 1000 to 1 option is off the table. That was part of the Shabibi plan last year. It was intended to get something, anything going on the dinar. Shabibi considered it as an option only because the government (Maliki) was so vehemently against the removal of the zeros. I would be absolutely surprised if they were to go this route now. All the articles are back to mentioning the removal of the zeros. The two trains of thought are: a literal translation (removing the zeros as a one time event followed by a manged float), and the gradual increase of the dinar (based on a free float culminating in the removing of the zeros when it hits a price point). I think as I've stated, that the articles that are being and have been released since late December, all point to this as an event happening, all at once, not a gradual increase. [post 1 of 3....stay tuned]
3-23-2013 Newshound Guru Med JUST CUZ THE OVERALL SUCCESS MAY TAKE TIME DOES NOT MEAN THEY CANT REVALUE. PROGRESS IS ALL THE WORLD IS WAITING FOR. IRAQ HAS ENDLESS POSSIBILITIES AND TO BE TRUTHFUL IF AMERICAN COMPANIES ARE NOT LICKING THEIR CHOPS AT THE OPPORTUNITY WHEN IT ARRIVES THEN SHAME ON THEM. [post 4 of 4]
3-23-2013 Newshound Guru Med CHINA CREATED ONE OF THE TIMES IT WAS PUT ON HOLD WHEN THEY WERE BANNED FROM BIDDING ON THE OIL FIELDS BECAUSE OF OWNING A FORMER SWISS COMPANY WHO WAS IN KURDISTAN ILLEGALLY ACCORDING TO THE GOI AND BECAUSE THEY WERE STILL DOING BUSINESS IN KURDISTAN THEY WERE BANNED FROM ANY BIDDING. BUT, PROBLEM WAS CHINA HOLDS TRILLIONS AT THAT TIME IN DINAR... BUT IRAQ DIDNT HAVE THE FUNDS. [post 3 of 4....stay tuned]
3-23-2013 Newshound Guru Med WHAT THEY ASKED WAS WOULD THE U.S. BACK THE DINAR WITH THE FULL FAITH AND CREDIT OF THE UNITED STATES OF AMERICA. WE SAID YES BUT THEY HAD TO IN TURN, TURN OVER ALL THE GOLD THAT IRAQ HELD AS COLLATERAL. THEY WOULD NOT DO IT SO IT ENDED UP A WASH. [post 2 of 4....stay tuned]
3-23-2013 Newshound Guru Med OVER TWO YEARS AGO IRAQ WANTED TO REVALUE. THE ACTUAL VALUE OF THE DINAR WAS DELIVERED TO ALMOST EVERY INSTITUTION IN THE U.S. MALIKI...WANTED THE OLD RATE. WHAT WAS DELIVERED WAS THE RATE OF EXCHANGE. IT WAS DELIVERED IN SEALED ENVELOPES AND PUT AWAY. THEY WERE TO BE OPENED ONLY BY THOSE WHO NEED TO KNOW WITH INSTRUCTIONS. [post 1 of 4....stay tuned]
3-23-2013 Newshound Gurus Bondlady & Shredd huge things being set in place by not only the IMF but also the WTO.... such awesome news in this article from the IMF that came out yesterday... yes yes yes and what comes with a "Free Market Economy" by definition? an internationally recognized currency. remember the source...This is such a wonderful confirmation and report card of where Iraq is, what goals are in front of them and the projections the IMF sees in Iraq!!
3-23-2013 Intel Guru Frank26 We have been looking today for an extension of the Standby Agreement. There isn't any. They have entered the one way street to revalue their currency. They've got the green light. This is huge. Now, it's up to Iraq to follow through within 30 days, 30 days or less. If not in 30 days, it kicks in anyway. It's a one way street. Iraq has the green light to allow them to release the rate & we believe that it will be done in the budget sometime next week, possibly even this coming Sunday. [post 3 of 3]
3-23-2013 Intel Guru Frank26 They got the green light to lift the value of their currency. It's done. Article 4 is the permission to raise the value of their currency and they are about to do that next week through their budget and the following week Kuwait is coming to say "congratulations" here is the key to Chapter 7. [post 2 of 3....stay tuned]
3-23-2013 Intel Guru Frank26 Article: "IMF mission concludes Article 4 discussion with Iraq" Article 4 is the key to their shackles, Chapter 7. In the last 10 days the IMF met with the GOI and the CBI. They accepted everything presented to them to have approval to raise the value of their currency. This was the key to their shackles, it's called Article 4. The IMF needed 85% of it's members to raise their hands and say they allow Iraq to increase their exchange rate and the got it. They now exit from, from the IMF, Article 14, accepted through Article 4, to enter International status of Article 8. [post 1 of 3....stay tuned]
3-23-2013 Newshound Guru Bondlady & Shredd inflation has been kept in check also due to the monetary policy, inflation was contained at 6 percent, and we project it to decline slightly next year. I also wanted to conclude this last part of the paragraph "CBI reserves reached US$70 billion at the end of 2012, while the Development Fund for Iraq (DFI) rose to US$18 billion". so the CBI has 70 billion in reserves and 18 billion in the dfi fund 88 billion, huge reserves for sure...yes, that's not a LOP country with those kind of reserves. [post 3 of 3]
3-23-2013 Newshound Guru Bondlady & Shredd a very encouraging summary by the IMF follows: "Iraq managed to maintain macroeconomic stability over the past two years and "rising non-oil activity" We expect activity to accelerate further to 9 percent in 2013, as oil production increases from just under 3 million barrels per day (mbpd) in 2012 to 3.3 mbpd in 2013." perfect confirmation of Iraq's strength....from the IMF! [post 2 of 3....stay tuned]
3-23-2013 Newshound Gurus Bondlady & Shredd Press Release: "An International Monetary Fund (IMF) mission, led by Mr. Carlo Sdralevich, met with an official Iraqi delegation headed by the Acting Minister of Finance, Dr. Ali Al Shukri, in Amman, Jordan, during March 2-12, 2013 to conduct the Article IV Consultation discussion." this document comes straight from the IMF and its discussing article 4 of the IMF. it was nice to see from the IMF that "Following the recent expiration of the Stand-By Arrangement ..." we felt like it had expired but there wasn't anything in print before now. [post 1 of 3....stay tuned]
3-22-2013 Newshound/Intel Guru BGG Article & Article quote: "Economic parliamentary: Launch the budget early next week" "BAGHDAD / Baghdadiya News / .. Announced the parliamentary economic committee, Thursday, that next weekend will be the date for the launch of the financial budget for this year, noting that the delay was for technical reasons" Kind of odd they are talking about “technical reasons” delaying the budget?? Kind of like the “technical reasons” for delaying the “raising of the 3 zero’s project”?? AKA – Maliki??
3-22-2013 Newshound Guru L. J. Speech quote: "Confirmed Shiite cleric in Iraq, Ayatollah Ali al-Sistani Tuesday, that there are no real differences between Sunnis and Shiites, adding we are servants for all Iraqis." THIS IS LIKELY THE MOST POSITIVE MESSAGE I HAVE HEARD YET. SISTANI IS SPEAKING WITH AN INCLUSIVE PERSPECTIVE. YOU ARE US AND WE ARE YOU. WHAT MUST TAKE PLACE IS THE PEOPLE NEED TO CHANGE THEIR PERSPECTIVE BY SEEING IRAQ AS ONE COUNTRY THAT ONLY HAS RELIGIOUS DIFFERENCES... THIS IS VERY ENCOURAGING AND THE KIND OF SPEECH THE COUNTRY TRULY NEEDS!!!!!!
3-22-2013 Intel Guru SteveI This country is moving on and very quickly. I really do expect this before Easter. I feel so good about this, more so than any other time. Finally on track. From what our sources are saying and we have the best in the world, if this goes past April 15th, I personally do not see it happening this year. However, with the new rate in the budget and it will be revealed very soon ...Our sources just have too much confidence in the direction this is going. There is no doubt in my mind (at this time) where this is going and when. Me personally I feel before Easter.
3-22-2013 Intel/Newshound Guru Poppy3 I...HAVE STATED THE SAME POSSIBLE RATE MANY TIMES THAT RANDY IS STANDING ON THE RATE WILL BE IN THE RANGE OF $3.41 AND IF THAT DON'T GET YOU EXCITED SOMETHING IS WRONG WITH YOU. POPPY3
3-22-2013 Intel Guru Redwolf It is coming. Look closely at the IMF announcement yesterday, world currencies, Jack Lew and his trip, world power shifts, president announcing we have no debt problem, the lack of concern from congress over our debt, countries backing currencies with gold and you have a pretty good picture something. This is a day by day thing right now so watch world events very closely.
3-22-2013 Newshound Guru Kaperoni Press Release: "IMF Mission Concludes Article IV Discussions with Iraq" I said this the other day...that if the IMF was not happy with where the banking system was, we would not see the DFI release, talk of UN Chapter 7, the SFA with the USA. etc. They simply would put it off for another year. Seeing all this come forward when we do..tells me that they want to get Iraq international this year.
3-22-2013 Intel Guru BOBGETZ6 I would bet you a ton, if I had it that the cash outs you have been hearing, are not true. Well, from my side of the fence and speaking with some stellar contacts, that would not happen. It should be a all for one event at the same time.
3-22-2013 Intel Guru OCrush ANOTHER KEY FACT FROM THE ABOVE ARTICLE STATES THE BALANCE SHEET OF THE 2 STATE OWNED BANKS ARE CLEANED UP (BALANCED...START FRESH). IN CONCLUSION THE IMF HAS GIVEN THE STAMP OF APPROVAL TO IRAQ FOR CHANGE. THEY CANNOT CONTINUE UNDER THE SAME MONETARY MODEL TO MOVE AHEAD. THIS IS WHY THEY HAD A 10 MEETING WITH ALL SIGNIFICANT PARTIES. TO GET ALL THE DUCKS IN ORDER AND GET THE PRIVATE SECTOR TO THRIVE. THEY CANNOT DO THIS IN THE CURRENT MODEL:)) [post 2 of 2]
3-22-2013 Intel Guru OCrush Article: "IMF Mission Concludes Article IV Discussions with Iraq" We truly are at the end of this ride! Everyday I checked the IMF site for an Article 4 update (started after the IMF's SBA ended..Feb 23, 2013) I cannot tell you how excited I was when I saw this today!! It is dated March 21, 2013. CHANGES ARE COMING!!! ANOTHER IMPORTANT FACT IS MR. Carlo Sdralevich FROM THE IMF MET WITH ALL THE SIGNIFICANT PARTIES. THIS TOOK PLACE IN JORDAN ON MARCH 2 - 12 ...10 DAYS OF MEETINGS....THIS IS HUGE. THERE IS ONLY ONE THING THAT COMES TO MY MIND, MONETARY POLICY CHANGES. [post 1 of 2....stay tuned]
3-22-2013 Newshound Guru Shredd The wonderful buck, the currency that has kept them going is about to leave the building like elvis so, the logical solution is to get the dinar to take its place because this problem can't continue. An economy is the fuel for a country. Some will say iraq can just flood more USD but it is weak and we've see past articles about the concern in the dollar, that's easy to see. so, this is pushing our agenda folks and what perfect timing, a time where stimulus via the HCL is about to come to fruition, a time where investment at all levels, even lending to businesses is taking place more than ever...so, be excited because this issue is escalating and everyone knows the solution, the Dinar. [post 2 of 2]
3-22-2013 Newshound Guru Shredd we know the auctions have been going on for some time and for those who don't get their purpose...liquidity to the people, those who use it. A process which has kept their economy running but now the banks are motivated to hold onto it thus causing a restriction in the availability of the dollar. We've seen a few articles in the recent past that told us that supply is drying up but ...why... a currency vacuum. so, the issue has grown to this level and it's all PERFECT for us. [post 1 of 2....stay tuned]
3-22-2013 Intel Guru OCrush It seems the UNSC has approved the release of Chapter VII with conditions. They have till March 31st (love the timeline) for them to complete the border and compensate the families. Iraq needs to approve the monies that was given by Kuwait to the families...I am praying Iraq will do the right thing (of course they will;) Cheers to all :)
3-22-2013 Newshound/Intel Guru BGG Article: "Urgent...Maliki holds sectarian MPs, officials responsible for recent bombings in Iraq" He’s basically saying he’ll arrest anyone demonstrating against him…Good luck – that will be a lot of people. On the other hand – the opposition is pretty much blaming Maliki for these events.
3-22-2013 Intel Guru Delta the order of things to come; the revalue, Chapter 7, then Maliki and politics, but these don’t matter; it’s only the rate we need to see now. It’s all a ONE WAY street! They are committed; they are not going back…it’s already and has been moving…ONLY Forward! They cannot go back.
3-22-2013 Newshound Guru Adam Montana Now the part that really confuses people is the value of OTHER things such as oil. if a barrel of oil is currently worth 100,000 IQD and the value of the single IQD is raised that will NOT raise the value of the barrel of oil, therefore the numerical price tag on the barrel of oil will be changed...so a barrel of oil will not be sold for 100,000 IQD - it will be sold for 100. [post 2 of 2]
3-22-2013 Newshound Guru Adam Montana [As the VALUE of the currency rises then a problem also arises. If I borrowed 25000 dinars (worth $21) and the VALUE of the dinar rises to $1 per dinar, then do I owe you $25000?] Here's what we expect: if the value of your bank account is 25,000 IQD today, and tomorrow the value of a single IQD goes up - your bank account should not change the number. You will hopefully be blessed with the benefit of a higher value account. Similarly, if you have a debit with a specific number on it, such as 25,000, that will not change - you will still owe 25,000. [post 1 of 2....stay tuned]
3-22-2013 Newshound/Intel Guru Bluedog everything is going great, the only news out of Iraq is that the Budget will be in the Gazette first of the week...just know alot of things will start the first of April with Iraq so lets hope we see a Rate soon...things will have to be paid retro back to the first of the year...but as far as news they are guarding what they put out right now never seen it this tight on info...article reruns are out from Iraq but not alot of new stuff so hang in there. CBI was closed today and tomorrow...great time to change figure, IMO. [do you think the RV can be announced and occur with the CBI closed?] yes, for sure...some think you have to wait till it updates. IMO, no you don't they can hit the switch anytime. [Are you still looking at the 25th to 28th?] yes hot, IMO...hoping b4 that.
3-21-2013 Newshound/Intel Guru BGG There is no small amount of back and forth rancor between parties recently (and even today). This is good – indicating significant pressure on Maliki to fully give over to his original agreement (or some similar version of it) or face the prospect of being removed. I do think we are close to some political resolution and then shortly thereafter – a long overdue revaluation of the Iraqi currency. It has appeared to me, the world financial decision makers have not been in a hurry to hand over the keys to Iraq’s economy to a “wanna’ be” dictator. The good news is he may well be backed so far into a corner politically that his last, best hope might well work in our favor also.
3-21-2013 Intel/Newshound Guru Poppy3 I HAVE RECIEVED SEVERAL CALLS SAYING THINGS ARE REALLY SOUNDING GOOD FOR THE RV AND THAT OUR GOVERNMENT OFFICIALS REALLY THINK THE MOVE IN IRAQ APEERS THE CBI HAS A GOAL OF APRIL 1 TO HAVE ALL THEIR T'S CROSSED AND EYE'S DOTTED. THEY SEEM TO HAVE BEEN MAKING PLANS FOR BIG NEWS ON THAT DATE EVEN IF IT ISNT THE RV THEY EXPECT TO KNOW MUCH MORE BY THEN. I AM TOLD THE THINGS WE HAVE BEEN WAITING ON HAVE SOME AGREEMNETS MADE LIKE THE HCL, ERBIL, AND MINISTERS BOTH DEFENSE AND SECURITY---- WELL THESE ARE THE REPORTS FROM THREE SOLID SOURCES FROM IRAQ, WASHINGTON, & OTHER KEY LOCATIONS. I AM VERY ENCOURAGED AT THIS POINT. POPPY3
3-21-2013 Newshound/Intel Guru Randy Koonce We are close. As you can see for the most part we have to assume that things are going well on the inside. Between now and next Saturday...not this Saturday...the next Saturday, this thing should go off. Can anything get in the way...of course. If Maliki doesn't do what he needs to do then they will remove him and it will take a little longer. Not calling it, but we are in a great window and I feel really good about it. The rate is $3.41, I know I am right on the rate.
3-21-2013 Newshound Guru Enorrste There is nothing we as individuals can do except wait and see. Nothing we do will change the future. It will, or will not, happen when it does or does not happen. I don't say this to be crass, but to be realistic. I believe in our investment, but I'm also aware that Maliki...is keeping us from our wealth. That being said, I wait until he is ready, or removed.
3-21-2013 Intel Guru Footforward There is plenty of good information out there, but the really good information isn't out there yet. A group of us are trying to confirm some of the information. A lot of the the information is controlled and therefore misinformation. I was told last week there would be a misinformation campaign that would last a couple of weeks and the information would get crazier and crazier such as a LOP, cashing in overseas, etc. & it's going to get worse. I can speak with 100% certainty that not one single person has cashed out...nobody in Iraq, no contractor, no soldiers, not one single person, period. This is part of the misinformation & may continue for another week & expect it to get worse. The RV is close and can go at any time, any day.
3-21-2013 Newshound Guru Med [apparently there has been some articles on the cbi on there side of them adding assets to back the dinar like gold and oil, etc] YES, THIS WAS SOMETHING THAT HAD TO BE DONE. FOREIGN CURRENCY ASSETS WOULD NEVER COVER AN RV. IT WOULD HAVE BANKRUPT IRAQ. NOW THEY HAVE ALLOT OF GOLD. REMEMBER THEY CAN SELL OIL FUTURES TO COVER THEIR CURRENCY. IT DOESNT HAVE TO BE OUT OF THE GROUND. YOU ARE TALKING TRILLIONS IN OIL REVENUES BUT IRAQS BIGGEST PROBLEM IS NO PRIVATE SECTOR OR A FREE MARKET ECONOMY TO BOOST THE VALUE OF THE DINAR. THAT INTERNATIONAL ACCEPTANCE IS HUGE IN THE VALUE OF A CURRENCY...
3-21-2013 Newshound/Intel Guru BGG [doc talks about the may date with the dfi funds...so im guessing that hasnt been extended...does anyone know when they have till to ask for a extention, thats if they even can again?] they have extended "at the last minute" in years before. They could this time too...but I do not look for that to be in play...
3-21-2013 Intel Gurus TerryK & Bluedog news in Iraq is irrelevant at this time...lots of good signals, signals of WTO, Ch 7 to be lifted, loan making to Egypt to become a donor country. [do you have anything about the PM of Kuwait making a visit to Iraq?] will be the end of the month (article). what is more significant about that TK remembers about he wouldn't step into Iraq until the RV happens. 2 times in an article talking about the Kuwaiti PM said that Chapter 7 has been signed, maybe a bad translation, but talking like it was already done...may not have been publicized...when he shows up they may announce it then.
3-21-2013 Newshound Guru Tlar Any country that can buy and retire a large % of its outstanding currency will ultimately be rewarded with a positive result of value increase. The dinar has an extremely large amount of foreign currency reserves for the dinars that are out. No body knows how much is still out but it has to be much less than the original 30 trillion number that the CBI through out before they started to dollarize Iraq and buy them all back. Value to value there is no less than 3 dollars in foreign reserve currency in the CBI to back 1 dollar in the streets and that number I believe to be very low. At the point that the CBI wishes to change the present situation concerning valuation of the dinar at 1250, they can do it on a dime. [post 2 of 2]
3-21-2013 Newshound Guru Tlar Article: "Deputy: interference by the executive work of the Central Bank led to a decline in the exchange rate of the Iraqi dinar" Though all the crap the bank has had to endure, the accusations, the personnel changes, the government interference and those quasi experts who keep making stupid remarks and recommendations, the actual direction has remained the same. The currency markets in Iraq are going the right way as the CBI continues its course in spite of everything. They are still buying dinar and retiring it. The net result will be extremely positive for us as investors and for the people of Iraq. [post 1 of 2....stay tuned]
3-21-2013 Intel Guru SteveI there is so many good things happening behind the scenes and not much of it is being reported by the media. we are being told that wages being paid April 1st will be in the new rate and they are already preparing them and trying to explain to them in advance so they will not panic when it happens. We feel that this should not go if any but a few days into April. Too many things are lining up to cause further delays. Another bit if information, I was able to confirm for a fact that the Treasury personal is in fact still in Iraq located in the Embassy and the CBI which I believe this to be very positive.
3-21-2013 Intel Guru Delta They have given Iraq all the way to the end of this month to increase and release the rate. They got the green light to move forward. I was told they got the rate as well but it was not imparted to me. But I was told they did in fact get the new rate and the IMF approved that rate! The rate already exists but we don’t know what it is. Only certain people know what it is. We don’t know the date and rate. The budget will trigger this new rate! [post 2 of 2]
3-21-2013 Intel Guru Delta You won’t see this in an article. Remember when the IMF met with the delegation from the MoFinance and MoPlanning; the IMF got ALL of the final accounts for the previous year from Iraq and they have given their blessing to Iraq and they are happy about it! Remember before you can release the new rate they had to have an audit from previous years for all the accounting aspects. Likely from 2003 – 2012. When they met in Jordan, the IMF approved everything. [post 1 of 2....stay tuned]
3-21-2013 Newshound Guru Breitling These guys are moving forward, they are passing laws that need to be passed. Do they have a little bit more to go, absolutely. But if you look at what they have passed, it's remarkable. It's a winning game plan. They have to go through a process. There has to be a good result. It's very simple, they have to build their infrastructure. If they don't build their infrastructure correctly, it will hurt them. They are not going to sabotage their own economy. In the meantime, it will start pipping up. The procedures are happening right before your eyes. Let's just see where it goes. [post 2 of 2]
3-21-2013 Newshound Guru Breitling There is no date set for the revaluation. They are going through policy. They are actually stopping the selling of the dollars and it is actually causing the value of the dollar to go up a little bit. Sooner or later that will stop and they will switch to the dinar and the usage of the dinar will cause it to pip up. There is no date for that. It's call behavioral economics. The markets themselves will pick when it will go up. That doesn't mean there won't be a hard revaluation coming up, IMO, I believe that definitely will happen. [post 1 of 2....stay tuned]
3-21-2013 Newshound Guru Adam Montana [If a worst case scenario were to happen...would the Kurds produce their own currency? Then is it probable to have a Sunni/ Shiite currency only?] I don't think it will happen, in fact I think it's more likely that the entire region would go to one currency before they would split up and use a different "Kurdish" currency. Also, since the "Kurdish" region is so hard to define, they don't even technically have their own "country"... it would be really hard to do. I don't think they will be leaving Iraq.
3-21-2013 Intel Gurus TerryK & Amaddan major contractors that are doing construction paid today at $7.42 in Iraq...has been confirmed. hearing constantly showing up at different WF screens at $7.24. supposedly RV'd a few nights ago... it is being traded as a commodity on trade screens at forex... had heard this, heard it would happen 24-48 hours before showing at the banks...so that has been going on the past days...enhanced security around CBI going on.
3-21-2013 Newshound/Intel Guru Flashing In fact for those who say that this is the same as in other years...let me tell you that you are totally wrong. In previous years Iraq had not paid the debt of Kuwait Airways, had not reached a settlement in international courts with regard to that issue, had not reached significant agreements on other items and had not worked in the borders markers as is being done now ( with a deadline of March 31, 2013), had not reached agreement on certain maritime items, etc. As I have said previously this rv is tied to chapter 7 . In my opinion the best window for our rv will start on March 31, 2013. [post 3 of 3]
3-21-2013 Newshound/Intel Guru Flashing As you know the freezing of assets as well as other measures are used against the aggressor countries that pose a threat to world peace and security. Definitely the fact that KPM has on its agenda to remove Iraq from Chapter 7 sanctions is exciting. Consequently all
significant items for international peace and security have been done or are being worked on by both parties and such agreements should be finalized during the visit of Kuwaiti PM. If we consider that in addition to this, on May 22, 2013 the sanctions over frozen funds will be lifted, we are definitely in the best time of our investment. [post 2 of 3....stay tuned]
3-21-2013 Newshound/Intel Guru Flashing Article: "Kuwaiti Prime Minister in Baghdad next month to discuss removing Iraq from Chapter VII" another excellent article which let us know how great is our near future. the agenda of the KPM [Kuwati Prime Minister] is very promising for our purposes. It includes a number of issues that are directly related to Chapter 7 and showing other joint business between the two countries allowing us to deduce that the relations between the two sides are very good. One issue is how to remove Iraq from Chapter 7 sanctions. [post 1 of 3....stay tuned] 3-20-2013 Intel Guru Delta IMO, I do not feel we will have much waiting & IMO, we have a 50/50 chance of seeing a rate change this week. the 21st is the first of spring and their Holiday [Islamic New Year] of Horus is taking place. Parliament will likely suspend everything next week to allow everyone vacation time for celebrating the New Year...next week will be HOT! HOT! HOT! Tuesday thru Thursday! 26 – 28th!!! [post 2 of 2]
3-20-2013 Intel Guru Delta On the 7th Parliament approved the budget. The constitution states that he will have 15 days to ratify the budget. But the 15 days start when he “receives” the budget. The President of the Parliament delayed sending the budget for 10 days. We know whomever is in charge of signing the budget into law, ratifying it now has it and there should be no further issue with the budget. Technically he has until the end of the month to sign the budget legally. If he doesn’t sign it, it still becomes law after 15 days and will be entered into the Gazette. [post 1 of 2....stay tuned]
3-20-2013 Newshound Guru Adam Montana [please explain forex pros. Is the iqd being traded ? MARCH 14,2013 READS 1148.15. MARCH 17,2013 1151.25. SOME SAY NO.WHATS YOUR OPINION?] forexpros tracks trades and keeps up with the IQD - I don't know why they list it when it's not being traded, but they do. Do not rely on forexpros as an indicator of the IQD being traded.
3-20-2013 Intel/Newshound Guru Poppy3 [Poppy u think we are within 3-4 weeks of RV?] I THINK IF ALL GOES WELL IN THE NEXT TEN TO 15 DAYS WE COULD SEE OUR BLESSING BUT THAT IF IS A BIG LITTLE WORD.
3-20-2013 Newshound Guru Stryker [new guru] It sure looks like to me that April is the month that will see Iraq finally emerge from the infamous Chapter VII, see the 2013 Fiscal Year Budget [will] be released after it gets officially posted in the Gazette this month. With Executive Order 13303 expiring May 22, the tariff's and other laws about to be implemented and parliament coming back in session on the 26th the end of March is sure to bring some interesting results my friends.
3-20-2013 Newshound Guru Mountainman 2 days in a row, 2 separate articles saying next month Iraq may be out of Chapter VII. Now if that isn't progress, I don't know what is. If we believe that the United Nations doesn't want to lose this bargaining chip without first guaranteeing that Iraq moves forward with going international then I'd say even the most skeptical people would agree this is looking pretty darn good moving forward.
3-20-2013 Intel Guru Delta The CBI has now updated the M2 figures on the Arabic side up to January 2013 showing a change over 2 months’ time down to 4.58 and we are still missing 2 months of data family! So, you can see they are doing a REALLY good job of reducing the money supply especially, the hard cash liquidity on the street. This is almost a 1.5% drop over 2 months. That might not sound like much but it’s actually a lot of Dinar they have moved off the streets of Iraq. Then if you calculate or speculate from January to present….this tells us also that we are again VERY CLOSE to see a rate change!
3-20-2013 Newshound Guru Doc We are much more interested in the late May time frame when the DFI funds become unprotected "free" game. We can only imagine the entities lining up to file suite against Iraq to get a share of the pot. We simply can not imagine Iraq doing everything it can to get into a position to protect those funds. We would think this would include making amends with Kuwait ie chapter 7. Unfortunately the wild card Maliki still is the wild card in this game. However, what we believe continues is the international community pressuring Iraq via chapter 7 (not done yet), Kurds pressuring Maliki via HCl (not done yet) and the people demonstrate against Maliki. All-in-all the vice is squeezing Maliki pretty hard. Our hope is the vice will prevail. One would think even Maliki would relent rather than risk losing 100s of billions of dollars. Hence as we stated earlier late May is potentially of great significances. We report, you decide. [post 2 of 2]
3-20-2013 Newshound Guru Doc There have been many dates thrown out...that suggest it has to happen by then. Many of these revolved around the publishing of the budget which should occur in a few days. The assumption is the RV rate is in the budget. We can find no evidence of this. All published sources actually suggest the opposite. Every one is reporting an overall budget of 138 trillion dinar and not in the billions of dinar some have suggested. With the 138 trillion number the assumed exchange rate is the current program rate of 1166. We also know the budget is not a prerequisite for currency reform. With this we are confident we will see this budget opened and it will have no impact on the RV. Simply put March will come and go with no new revelation. [post 1 of 2....stay tuned]
3-20-2013 Intel Guru Frank26 Christine LeGarde of IMF made a speech but we are not seeing it yet. They are waiting to release it because it talks about Iraq. I sense perhaps they are doing a few more things before they allow the speech to be made public. How is it possible they can lend 4 billion to Egypt at this point in time??? With toilet paper??? That move tells us they have a new rate! We are as close to the RV as breath is to us. Unless a lot of nations enjoy toilet paper; we don’t expect a low rate.
3-20-2013 Newshound Guru Adam Montana And we actually have an intended date for Kuwait to officially support the release of Iraq from Chapter 7 - they are aiming for April. Of course, it is still up to the UN regardless of what Kuwait says or does, but the fact that we have a target date is a great thing. (Way better than "soon"!) Of course, none of this indicates a guaranteed RV or a guaranteed date, but it IS good progress and that's what I like to see. So if I had to put a date on anything, I would definitely be aiming for mid to late April. (I hate giving dates, and I have historically avoided doing so. This is just a "watch" date, not a prediction.) [post 2 of 2]
3-20-2013 Newshound Guru Adam Montana This week has brought some interesting news that should give us a hopeful outlook on our near future. The Kurds are not exactly happy with the decisions made regarding the budget, and it appears they have even tried boycotting some Parliament sessions... but the meetings have went forward just the same, which is a sign that the Kurds cannot impede on the progress that the GOI intends to make. This is EXCELLENT for us. [post 1 of 2....stay tuned]
3-20-2013 Intel Guru Delta They are probably giving everyone about 2 weeks to get ready. In this announcement they are really announcing the revalue of the IQD. Remember back when Shabibi made the 4 PIP movement from 1170 to 1166. This change was ONLY against the USD! The other currencies remained the same. BUT in THIS announcement…they are talking about a “change” ALL ACROSS THE BOARD! This time it’s going to be ‘AGAINST ALL FOREIGN CURRENCIES!’ REVALUATION. IMO, we are really very, very close. [post 3 of 3]
3-20-2013 Intel Guru Delta Why are they saying now? Remember, they were talking last year about deletion of the zeros, raise the value, all kinds of talk regarding this, they also made mention that before they did anything they would give a “heads-up” of a couple, three weeks; we are not going to do this suddenly. It’s not going to be a surprise. We are going to tell you in advance and give you a chance to get things worked out and be ready...to get the government, financial community, exchange offices, currency traders, ISX a heads-up that it’s coming and to prepare themselves and be ready. The announcement came out on the 14th. [post 2 of 3....stay tuned]
3-20-2013 Intel Guru Delta Announcement that came out from the CBI... Back in December the Board of Directors met behind closed doors and came up with 6 decisions, one being giving Turki the power to increase the value of the IQD when the timing was right. They are saying that those decisions they agreed upon back in December…they are about to implement ALL of them...NOW! [post 1 of 3....stay tuned]
3-20-2013 Intel Guru Frank26 Chapter 7 Kuwaiti delegation will be in Iraq the first week of April. Notice all the chapter 7 articles that came out today [Tuesday]. We are watching the VND very closely and studying the possibility of the rumor that it could split its value. Wells Fargo no longer mentions Chapter 7 as a stipulation to speak with us, now they also…look for a rate!
3-20-2013 Intel Guru Bulldog75 Article: "Baghdad/Orr news The Government expects the Iraqi Prime Minister’s visit during the month of April, the Iraqi official said that the visit signed out Iraq from Chapter VII." THIS APRIL, Kuwait is anticipated to sign Iraq out of Chapter VII !!! MAGIC CARPET RIDE: $747$ ITS A GREAT PLANE, SUPER RIDE, AND A GOOD FIGURE.
3-18-2013 Intel/Newshound Guru Poppy3 i saw a question...about what could push this into 2014. well i guess if i wanted to be very pessimistic i would say well maliki is going to run again and win but all the laws passed says he can't so I see a RV in our very near future. I am very optimistic that we will have a great view of better timeing picture before the end of this month. Plus I got screen shots today of 5, 10, 25 dollar dinar and reports some are even on the street. I know it make zero since for them to be released unless there is a RV but I can safely say some have been seen. POPPY3
3-18-2013 Newshound Guru Tlar Article: "Parliamentary Finance: do not oppose the project to delete zeros from the currency .. And postponed for technical reasons" It looks like they are back to the original plan to me, meaning they will hold and defend the new rate for a period of time, at least until they get comfortable that its holding enough to let it free float. This looks like the original plan based on the study from 2008, if this is what they do and I think it is. Drop the zeros and go to a controlled float as they have now at 1166, and prior to that at 1170.
3-18-2013 Newshound Guru L. J. THEY HAVE BEEN ADVERTISING AND INFORMING THE CITIZENRY OF THE COMING EVENT AND HOW VERY IMPORTANT IT IS TO EXPERIENCE CHANGE. THEY DO HAVE A BAD TASTE IN THEIR MOUTH SINCE MALIKI STOLE HIS SECOND TERM ONLY TO CONTINUE HIS INACTION THE SAME AS HIS FIRST TERM, HENCE THE REASON FOR ELECTING ALLAWI’S PARTY AS MAJORITY. WE WILL WATCH AND SEE AS ELECTIONS ARE GETTING CLOSER TO LEARN WHAT WILL OCCUR IN A LITTLE MORE THAN A MONTH FROM NOW!!!! [post 3 of 3]
3-18-2013 Newshound Guru L. J. BUT THE PEOPLE OF NINEVAH SAY THEY ARE NOT GOING TO FALL FOR THIS TRICK, THEIR ELECTIONS WILL COMMENCE ACCORDING TO SCHEDULE. ONLY A FEW WANT TO SEE THIS ELECTION IN THE PROVINCE FAIL AND MALIKI IS BEHIND THAT DRIVE. I AM GLAD TO SEE THAT PEOPLE IN IRAQ ARE FOR VOTING…THEY MUST DO EVERYTHING IN THEIR POWER TO CREATE VOTER INTEREST AFTER THE FIASCO THAT HAVE BEEN THE LAST 7 YEARS. [post 2 of 3....stay tuned]
3-18-2013 Newshound Guru L. J. ELECTIONS ARE VITAL FOR THE SURVIVAL OF IRAQ. NINEVAH PROVINCE, ONE OF THE SAFEST HAS BEEN ASKED BY MEMBERS OF SHI’A PARTIES TO POSTPONE THE ELECTIONS TO FURTHER PROCRASTINATE AND DISSUADE CITIZENS FROM DEMOCRACY. IF THEY CAN HOLD THINGS OFF LONG ENOUGH FOR THE PEOPLE TO LOSE INTEREST IN DEMOCRACY AND THEY MAY TRY AND TAKE THINGS BACK TO THE WAY THEY ONCE WERE. SHARIYA LAW WILL PREVAIL AND DICTATORSHIP COULD RESURFACE. [post 1 of 3....stay tuned]
3-18-2013 Newshound Guru Kaperoni Article: "Deputy calls for the central bank and the security services to limit the spread of the phenomenon of counterfeit currency" I am with this guy. The CBI has a responsibility to get rid of this 3 zero currency and issue new (lowers denoms would be perfect!) just as the quote says..."...the central bank should have an important role in preventing the spread of counterfeit currency; because they confuse the national economy, and through issuing new currencies, with technical specifications high difficult forgery, and the withdrawal of counterfeit currency from the market..."
3-18-2013 Newshound Guru Shredd [if they reduce the amount of dinar in circulation won't they need to raise its value in order to have same purchasing power?] just by seeing the amount of note reduction shows us the substantial decrease in notes on the street. so, to keep the needed liquidity they will have to increase the value quite a bit again, not a direct rate indicator but still very very telling !! so, if the units of currency in circulation was going from: 4 billion to 3.5 billion then, the rate shift wouldn't be very much would it but this is reducing by one fourth, so pretty exciting when you look at it in that light.
3-18-2013 Intel/Newshound Guru Poppy3 IT APEERS MEETING BEING HELD ARE POSITIVE FOR ALL US INVESTORS. I ANCIOUSLY AWAIT THE RESULTS OF FINDINGS FROM THE UNSC . TWO DATE(S) TO PAY ATTENTION TO ARE THE 21ST AND THE 28TH OF THIS MONTH FOR HOPEFULLY GREAT NEWS ON PROGRESS. POPPY3
3-18-2013 Intel Guru TerryK I HAVE TALKED TO LEADING SOURCES AND THEY DO NOT KNOW WHAT HAPPENED WITH OUR INVESTMENT LAST NIGHT AS IT SHOULD HAVE HAPPENED, ALL I'M HEARING THIS MORNING IS THAT CHINA IS HOLDING THINGS UP, TRYING TO BUST DOWN THE EURO TO MAKE IT LOOK LIKE ITS NOT HAPPENING...THAT'S WHAT I WAS TOLD. I THINK IT'S ALL SMOKE BEFORE THE STORM.
3-18-2013 Newshound Guru Enorrste So, the law must be enacted in order to clarify debt to debtor transactions, both public and private, so that NEITHER SIDE benefits at the expense of the other. This can be done, in my opinion, by using the dollar as the benchmark for the old debts. In other words, if I borrowed 25000 dinars worth $21 in the old currency, then I will REPAY $21 worth of the new currency, whatever value each note has. If it is $1 per dinar, then I would owe you 21 dinars in new currency. If it was $3 per dinar, would only owe you 7 dinars. This article is very important in that it brings to the surface now the essence of the final problems prior to freely floating the currency. [post 3 of 3]
3-18-2013 Newshound Guru Enorrste Third, there is a reference to a law that NEEDS TO BE enacted but has not been enacted yet, although Shabibi had said months ago that this law would be necessary before any change in currency could begin. That law has to do with the "rules" for handling debt transactions. For instance, if I borrow 25000 dinars from you today, and then they change the currency, what will I owe you in terms of the new currency? This is the problem, in a nut shell, because they clearly indicate that "dual both currencies" will co-exist. Now, if we are assuming a free float, then both currencies, old and new, will go up at the same time in value. Therefore, theoretically, I could pay back my debt in either currency. HOWEVER, as the VALUE of the currency rises then a problem also arises. If I borrowed 25000 dinars (worth $21) and the VALUE of the dinar rises to $1 per dinar, then do I owe you $25000? Of course not! [post 2 of 3....stay tuned]
3-18-2013 Newshound Guru Enorrste Article: "Parliamentary Finance: do not oppose the project to delete zeros from the currency .. And postponed for technical reasons" First, the Parliamentary Committee is saying that it has no object to the project of deleting the large notes (three zeros). This is not new. It is also not saying that they are going to act on it until they get the "green light" from Maliki (who is still the holdup). Second, they refer clearly to "dual both currencies" which means that both the current IQD and the new dinar currency will co-exist for at least some period of time. Again, this is not new. In fact the Parliamentary Committee has said that they will not begin removing the large denom notes until 2014. This would suggest, then, that the change to a new currency would occur sometime before 2014, right? [post 1 of 2....stay tuned]
3-17-2013 Intel Guru OCrush ALSO BIG NEWS THAT CAME OUT TODAY ON THE OIL & GAS ISSUE -- IE---- HOW EVERYBODY GETS PAID. Article: "Iraq and the United States sign an agreement aimed at improving the level of transparency in the oil ministry" THIS CAN ALSO BE VIEWED AS A REPLACEMENT FOR HCL — HYDRO-CARBON LAW — WHICH IS A FINAL HURDLE ASSOCIATED WITH THE RV :) [post 4 of 4]
3-17-2013 Intel Guru OCrush We also heard that parliament will postpone there sessions till the 26th of March. Many of you, I am sure, are upset. DONT BE!! THIS IS AWESOME! They know they have to get laws passed as close to the official release of the budget (gazette) so they can place these laws that they pass in the gazette together. They are all related. Soooo in conclusion...GET READY! We are all excited for you! TEAM WORK AT ITS BEST!!! [post 3 of 4....stay tuned]
3-17-2013 Intel Guru OCrush Ok, Now there is a new timeline. Are you ready!! On the 21st of March we have the UNSC meeting. Now, the 2013 budget has been approved by the deputy minister of finance and committee (10 days, right on the mark the law allows) to the presidency. Now the presidency has 15 days to approve it and place it in the gazette. 15 days is what the law allows, changed or not, it will be placed in the gazette. Sooooo, the last day for this to happen is April 1st :)) [post 2 of 4....stay tuned]
3-17-2013 Intel Guru OCrush These are very exciting times!!! The new Iraqi flag has been commissioned:) We were praying so hard to see something on the flag because we believe this is a sign of fresh unity and to move forward. Positive Symbolism is huge:) (new flag, fresh anthem, new money(LD)! [post 1 of 4....stay tuned]
3-17-2013 Intel Guru Frank26 this blessing is already here. IMO, T [Talabani] has been in Iraq for quite awhile and, IMO, the 2013 budget is signed as of today. one of the most powerful things that we shared with you was what the Iraqi citizens told my Teams...that Iraqi TV in the last two weeks has made it very clear to the CITIZENS of Iraq that their currency is about to gain POWER and VALUE...borders are secured...2013 budget is signed...there is so much protection surrounding Iraq and the beauty of it is that it was none of our business while they did it. But, IMO, it is now time to get down to business.
3-17-2013 Newshound Guru Kaperoni Article: "Urgent…..Iraq, Kuwait reach agreement over borders re-determination" [Now, let's just hope we don't have to wait for a July UNSC meeting to vote them out of Ch7. Didn't you say something about looking for a meeting around late April/early May? Is that a scheduled meeting or just an educated guess...] I have seen no scheduled date, but based on the DFI/CBI money I would expect a UN meeting prior. That is if it's not extended.
3-17-2013 Newshound/Intel Guru BGG Article: "Iraqi National Security Maliki warns of a plan to storm the prime minister" I am not sold on this security situation isn’t a big reason Maliki would (and that it is one of the few ways to imply legitimacy and save his own neck) want the US back and involved in daily security operations. (what it means is – I think this is why he might make such a request)…1) imply the US backing him (not entirely true)…2) a way to save his own neck from the coming wrath.
3-17-2013 Newshound Guru Med IF THEY GET A CURRENCY AND START THE FREE MARKET IT WILL MOVE. BUT THERE IS SUCH A LACK OF FORSIGHT IN THOSE WHO RUN IRAQ AND...AS YOU SEE THEY ARE CLAIMING ONLY TECHNICAL ISSUES AS THE HOLD UP. [maybe they cant figure out how to change the dinar from what we have to the new smalls] THEY EXPLAINED IN THE ARTICLE THAT IT WILL BE DUAL SO THAT IT CAN BE A TRANSITION.
3-17-2013 Newshound Guru Mailman17 IF THE BUDGET IS IN BILLIONS AND THEY INTEND TO RELEASE IT THE 22ND THEN A RATE MUST BE BEFORE THAT OR ALONGSIDE IT. AS FAR AS WE KNOW THAT IS THE DATE FOR THE BUDGET. BUT PLEASE DO NOT BE UPSET...THE OUTSIDE WINDOW STILL REMAINS MAY 22...THAT IS WHEN IRAQ WILL BE PICKED APART BY EVERY COUNTRY THEY OWE. REVENUE SHARING AND THE KURDS 17% IS IN THAT BUDGET SO I DONT REALLY THINK A DELAY IS A REALITY. EITHER WAY...WE HAVE NEVER BEEN AS CLOSE TO CASH IN AS WE ARE NOW...LITERALLY. TICK TOCK GOES THE DINAR CLOCK AND IT TRULY IS THIS TIME GONNA STRIKE 12, IMHO. [post 3 of 3]
3-17-2013 Newshound Guru Mailman17 THE OTHER THING THAT CAUGHT MY ATTENTION TODAY WAS THIS...WHY WOULD THE U.S. NEED A NEW FINCEN FORM FOR CURRENCY TRANSACTIONS EFFECTIVE I BELIEVE APRIL 1 UNLESS THE OLD ONE COULDNT HANDLE THE ONSLAUGHT OF DINAR HOLDERS. I KNOW REGIONAL BANKS HAVE THE DINAR ON THEIR SCREEN WITH NO VALUE AND THERE ARE REPORTS ACROSS THE COUNTRY WITH THE SAME. THE FACT THAT THE CBI HAS WARNED THEIR TRADERS AND MOST LIKELY BANKS TO BE READY FOR A REVALUATION IS ANOTHER GOOD SIGN. [post 2 of 3....stay tuned]
3-17-2013 Newshound Guru Mailman17 A FEW DAYS AGO A FEW COUNTRIES...ESPECIALLY CHINA AND RUSSIA, SIGNED VERY LUCRATIVE OIL DEALS WITH THE KURDISTAN REGION. APPARENTLY REPRESENTATIVES FROM THE 5 VOTING MEMEBERS OF THE UN INCLUDING CHINA AND RUSSIA MET WITH MALIKI. THEY DO NOT WANT ANY INTERFERENCE WITH THESE DEALS AND FOR THESE DEALS TO BE IN PLACE MEANS THE HCL IS NO LONGER AN ISSUE. THE ONLY OTHER THING THEY NEED OUTSIDE OF THE HCL AND 140 IS KUWAIT DONE. THEN THE UN CAN RECIND CHAP 7. WHEN PARLIAMENT RE CONVENES I THINK THEY MIGHT JUST HAMMER OUT THE NECESSARY LAWS NEEDED TO FINALLY GET THIS UNDER WAY. [post 1 of 3....stay tuned]
3-17-2013 Intel Guru Frank26 Article: "The Federal Budget Law arrives to the Presidency for endorsing" The budget arrives to the President? LOL. How is that possible when they tell us T [Talabani] will NOT be in Iraq this whole month of March? Because, I told You 17 days ago WE protect T in Kurdistan and moved him to Baghdad last week.
3-17-2013 Newshound Guru L. J. AS WE HAVE HEARD LAW RATIFICATION ONLY OCCURS AFTER THE PRESIDENT SIGNS OFF ON THEM AND THEN THEY POST IN THE GAZETTE. THEN WE COME TO THIS ARTICLE WHERE THE LAST PARAGRAPH MAY SHED LIGHT ON WHAT IS ACTUALLY GOING ON. IT READS: "The Federal Court confirmed that the law, passed by the House of Representatives, is true technically and could be challenged after its publication in the Official Gazette, adding that any decision, taken by the House of Representatives, is certified after 15 days of receipt by the presidency even if it is not ratified by the presidency of the Republic." THIS EXPLAINS WHAT MAY BE OCCURRING; LAWS AUTOMATICALLY PASS AFTER 15 DAYS AND ARE CERTIFIED THEN SENT TO THE GAZETTE. SO WE WILL SEE IF THE BUDGET, TERM LIMIT LAW AND OTHERS ARE SETTLED BY THIS PROCESS. WOW THIS IS HUGE IF TRUE.
3-17-2013 Newshound/Intel Guru Bluedog Im hearing the same thing, first part of the week as to start to make your cash in plans. I am so content knowing we're there just waiting announcement. whats are back door date...IMO the 21st. 14 days after the Budget was voted on not 15 days, its the way I read it in their Constitution. so, done on 7th. will Talabani wait till the last minute, I do not think so. they are to start paying the poorest first the oil surplus, Oil funds immediately. [What do you think, perhaps 'uncle Tally' [Talabani] has already signed and we are just waiting for the announcement?] yes, I do. I know TK [TerryK] said the VND is in the basket...my guy says its recently was removed...and that would allow for double dipping which would be great if true. [any idea where the finsih line has been moved to] IMO, first part of the week.
3-17-2013 Intel Guru TerryK SO WE ALL READY FOR TOMORROW [SUNDAY] NIGHT. EVERYTHING IS THE SAME. SOURCES ARE ALL JACKED UP. THEY ARE REALLY EXCITED. WE SHALL SEE.
3-17-2013 Intel Guru Blaino [is this ever going to reval?] YES, And soon! [what the heck went wrong, i/we/they thought it was supposed to happen yesterday?] the short answer is "politics"! we "ought" to KNOW... I say "ought" to KNOW... By or before high noon monday! [so it will be Monday at high noon or else.] I really hope it doesnt come down to the or else, could be bad. This may come down to the "wire" as far as being forced by another entity. U.S. banks are READY. 3-16-2013 Newshound Guru Tlar The Kurds are still mad that the budget did not pay for the oil payments due the vendors working in Kurdistan. Oh yea, they got their 17% but they think they should have also gotten the billions they owe in payments to these vendors. I'm with Bagdad on this one. During the period that Kurdistan was producing oil independently, they only sent 40% of the of the revenues to Bagdad choosing to pocket the balance. These were revenues that if they were received under todays budget, they would only get 17% of, not the 60% they pocketed. Kurdistan should pay these vendors out of the profits they received. Barzini is a fool to continue to insite his people by making this is a problem. They have had enough meetings on this. I've said this before. Kurdistan is interwined with Iraq and will not make its own state nor will they produce their own oil. So Barzini, for the good of your people and the good of Iraq, get past it.
3-16-2013 Intel Guru Frank26 Article: "Iraq plans to invest $173 billion in its energy infrastructure over the next five years" They tell the CITIZENS ALL OVER Iraq that their currency is about to increase in value and Power on Iraqia TV. So You will not understand or know. But articles like this one with these NUMBERS that EXPLODE Become Your Iraqia TV Translated.
3-16-2013 Intel Guru BOBGETZ6 I have three different people, no more, who I am in contact with and trust their significant sources. Things appear to look good.
3-16-2013 Newshound Guru BGG Article: "Othman: Kurds MPs will return to Baghdad, ministers wait a decision." This means the Kurds aren’t coming back until they have a chance to regroup and talk it over…but like I said, I expect them to exhaust other options before resorting to resigning from Ministry positions and removing the Maliki gov’t via Article V of the Term Limits Law.
3-16-2013 Intel Guru Redwolf [new guru] I have been at this for some time now. Haven't posted until intel was confirmed and verifiable. Banks are locked and loaded. This would not be the case if we are kicking this down the road. All of us hoped for today but this is global not just one country. The East is still in control of this. Be ready for next week! Markets have to be open for an exchange. All, Just be patient for early next week. Rest easy and be ready.
3-16-2013 Intel Guru Frank26 22 days ago I told You Jack L. or Christine L. were soon going to make a speech via a video that would be released to the world concerning Iraq. Get ready...You are about to see it. It was made 22 Days ago. The video will be between now and the 20th...On all networks, IMO. I really should not be sharing this opinion just yet but I too am excited.
3-16-2013 Intel Guru Okie_Oil_Man AN ENORMOUS AMOUNT OF VERY PROGRESSIVE ACTIVITY PRESENTLY GOING ON--WE WAIT AND PRAY--SURE LOOK'S GOOD AT THE MOMENT. THIS WEEKEND MAY BE A PREPRATORY TIME THAT NEED'S EVERYONE'S ATTENTION. I AM PRESENTLY ON PHONE WITH P.T.B. AND EVERYTHING HAS CERTAINLY LINED UP IN THE RIGHT DIRECTION FOR A CHANGE. GOOD NIGHT-------AT LEAST FOR NOW!! [GHOST: I HOPE I DON'T GET SHOT FOR THIS BUT AT THIS VERY MOMENT OKIE HAS ACCESS TO A SITE THAT ONLY A FEW SELECTED INDIVIDUAL'S HAVE AND HE IS SMILEING BECAUSE THE NUMBER'S ARE ROLLING]
3-16-13 Newshound Guru SWFloridaGuy I stay away from rate predictions but I would love to see on par with the USD. If you disagree then take it up with the Finance Committee, CBI officials and reports to US Congress that state 1 to 1 or slightly higher as the target rate. I'm not going to reiterate the multitude of reasons I believe that one day Iraq will have one of, if not the, strongest and most valuable currency not only in the M.E., but globally. ...we should feel confident we have signed up for a great investment opportunity...
3-16-2013 Newshound Guru Duckyboy The news out of Iraq is looking good. There still some issues that I believe will continue to keep the RV from happening (a more stable GOI for one), but if I stand back from my opinion, I would/could agree with what Kap wrote earlier today [Friday]. [See Kaperoni's posts 3-15-13] All this being noted and from the information that I have read...the RV looks closer. How close? We and everyone here can only guess because we have been in this position before...Just know that it appears things are looking better.
Below are the latest Dinar Guru Updates from Last night...
3-15-2013 Newshound Guru L. J. JUST YESTERDAY...I WAS ASKING ANYONE TO PRODUCE THE TERM LIMITS LAW SO THAT WE MIGHT SEE THE PROVISION THAT SPOKE TO PARLIAMENT’S RESIGNATION OF MORE THAT 50% AND HOW IT WOULD IMPACT THE GOVERNMENT….AND WHALAAAAA HERE IT IS IN BLACK AND WHITE. IT IS EXACTLY AS I SAID IT WAS. NOW WE WAIT TO SEE WHAT BARZANI, ALLAWI, SADR AND THE NATIONAL ALLIANCE CAN ACCOMPLISH IN SADRS’ MEETING IN BAGHDAD TO DETERMINE THE METHOD TO FINALLY RID THEMSELVES OF MALIKI. KEEP IN MIND IT CAN’T GO TO THE OFFICIAL GAZETTE UNTIL IT IS RATIFIED BY THE PRESIDENT. SO OUR NEXT STEP IS TO LOOK FOR PRESSURE ON THE KURDS TO EITHER BRING TALABANI BACK OR HIS REPLACE HIM TO GET THIS LAW IN THE GAZETTE. WOW! THIS IS GREAT! MALIKI IS TOAST!
3-15-2013 Intel Guru Bluwolf No one has a rate or a date for this so lets get real. There is alot of movement that gives us the notions that things are coming around to what is expected in happening but we must do what is correct and just let it flow in. Once all sales stop you will see this rv and not before so use this as your reference point. My only advice at this time frame is for all to start getting your paperworks in order for this thing is already knocking at all doors.
3-15-2013 Intel Guru TerryK IM VERY EXCITED, THIS IS ALL COMING TO A POINT THIS WEEKEND. HEARING THIS AM THAT THE RATE IS 7.20-7.70, WE ALWAYS HEARD THAT THERE WOULD BE .45-.50 SPREAD BETWEEN WHAT WE GET FROM THE BANKS AND WHAT THE BANK MAKES. HEARING WF EAST COAST HAVE THE RATES AS WELL, NO RELEASES...JUST WAIT, ITS COMING.
3-15-2015 Intel Guru Frank26 [Frank can you share some of your findings today that encouraged you to put us all on white alert?] Based on two factors: Our WF sources and what they are finally telling the CITIZENS on Iraqia TV. WF is very close to us right now. IMO, My Teams have changed their posture on the IQD and us future customers. It went from it is a scam last year to Us responding by saying Ok, Then let me talk to your legal department cause I wish to sue WF. Why? Cause You sold me dinars last year. Then at the start of this 2013 They un-masked their purpose with the IQD. But we then learned WF will ONLY talk to us AFTER CH 7 is lifted. So we both stay close.
3-15-2013 Newshound Guru Kaperoni So to recap...:1. Calls to open the banking sector to support the private sector. 2. Agreement with the USA to have “freedom movement of capital to and from Iraq.” 3. DFI money end May 22nd. Oil revenue goes into the CBI at that point. Which is the key…because…4. Currency auctions should be ending and “alternative arrangement is needed to serve foreign exchange demands.” 5. And then…The CBI will become “the main provider of foreign exchange to the public sector”...more than likely that will be a shift from IMF Article 14 to Article 8 to achieve this. 6. And lastly... “The lifting of UN Chapter VII’s Sanctions will facilitate the new role.” IMO, we have a real timeline to look at for the dinar to become internationally convertible. Sometime right around May 22nd, 2013 the CBI reserves will double in May. Oil revenue in addition to that will make it the strongest currency in the world. [post 3 of 3]
3-15-2013 Newshound Guru Kaperoni “The lifting of UN Chapter VII’s Sanctions will facilitate the new role.” In other words, once they lift UN Chapter 7, that will be the trigger (facilitate new roll) for the CBI which, IMO, means movement from IMF Article 14 to Article 8. Which means that must also occur at or about the same time as the May 22nd timeframe. [post 2 of 3....stay tuned]
3-15-2013 Newshound Guru Kaperoni Article quote: “The depositing of all oil revenues in CBI instead of DFI will enhance such arrangement and make CBI the main provider of foreign exchange to the public sector.” This quote...from the Council of Ministers article on "May 22 oil revenues will be deposited in the CBI." But even more, the CBI at that time will be “the main provider of foreign exchange.” Which means on May 22nd, the auctions will be based on this economist's statement...and the "CBI will be the main provider of foreign exchange." But it gets even better… [post 1 of 3....stay tuned]
3-15-2013 Intel Guru Frank26 ALFA/Beta ...London is on ...W to E. WF is waiting for them. ALL TEAMS...Tear down as DELTA says. BRILLIENT WHITE [Means full alert.] till 21st. Boarders set with EXX. [OK, get your decoder rings out...we need it for this post!!]
3-15-2013 Newshound Guru Shredd the ongoing auctions are our friend, showing the discrepancy in pricing vs actual exchange rate. i can guarantee you iraq will not be labled as a currency manipulater when they emerge as a member of the WTO. keep watching for news concerning iraq moving to a free market economy and the related auctions and pricing on the street. this is the "demand" we all need to push the dinar!
3-14-2013 Newshound Guru Kaperoni Article: "CBI announces new decision to reduce exchange rate of foreign currency in Iraq" I sent this to our Arabic translator, his comments imply that this CBI statement is not what others are making it out to be. The text is purely a PR announcement by the central bank: It says the bank is watching closely what is going on with the exchange market (legitimate or otherwise) including the rise of the price of foreign currencies and the regulations governing the exchange market.. This is a report via the media to assure everyone that the bank is the regulator and assure the public and legitimate businesses that the bank is looking for the public interest according Iraq's economic needs.
3-14-2013 Intel Guru TerryK THERE IS AN ANNOUNCEMENT OF CURRENCY CHANGES COMING IN EITHER TODAY OR TOMORROW. [is the USA behind the announcement you think?] IT WILL NOT COME FROM USA. IT WILL NOT COME FROM IRAQ? IT WILL COME FROM IMF?. THAT'S WHY I KEEP SAYING WATCH CL [CHRISTINE LEGARDE], THIS IS A GLOBAL THING. [Did you ask your source what is meant by the term "live". You mentioned something about that last night when you said the source said the rate is live??] THAT IS CORRECT...THAT IS A BANK TERM WHICH MEANS IT'S IN THE SYSTEM...IT JUST HAS NOT BEEN RELEASED. WHAT I HAVE BEEN TOLD. [are you basing the announcement on sources or that article out of Iraq?] SOURCES AND ANNOUNCEMENTS.
3-14-2013 Intel Guru OCrush Politics in Iraq are moving positively. We just might be out of the woods with this political squable in Iraq. Rumor is that oil & gas was completed. Sub contract is active as of today. The subcontracts are with a few oil companies. Some of them were put on hold a couple of months ago. They are active as of today. They need to start the planning and prelimanery work on these contracts so the oil companies can build what they need to. I am surprised they put out news on the oil and gas. Looking good from what I can tell. The official agreement needs to be published to make it official but the protocols were put in place.
3-14-2013 Intel Guru Blaino much is AFOOT..Told you days ago to watch late pm on thursday!...Mebby we have set the hook at LAST... Can we land this one? i am expecting some action... 'jack' [Lew?] said days ago: "must be done [asap].
3-14-2013 Newshound Guru Med MUCH OF THIS DOES REVOLVE AROUND CHINA. CHINA WANTS TO TAKE OVER IRAQ, NOT IN A MILITARY WAY BUT AS IN OIL EXPORTS. NO COUNTRY THAT HAS A THRIVING ECONOMY AND THE PEOPLE ARE WORKING DOESNT NOT HAVE A TRADEABLE CURRENCY, IT IS COMMON SENSE AND BASIC ECONOMICS. IN ORDER TO DO BUSINESS WITH THE U.S. THAT CURRENCY HAS TO BE ONE THAT ANY EXPORTER CAN CASH IN AND I AM NOT TALKING PHYSICAL CASH IT CAN BE A BANK TRANSFER BUT IT STILL HAS TO BE BACKED. I NEVER WAS A RAH RAH BUT I REALLY FEEL GREAT ABOUT THIS. [post 3 of 3]
3-14-2013 Newshound Guru Med I, AS YOU KNOW, WONT GIVE UP THE PERSON BUT I GOT A CALL EARLIER TODAY...AND THE BROKER TOLD THEM THAT THERE IS SOMETHING THAT MAY BE WORTHWHILE COMING UP. IT HAD TO DO WITH AS I SAID THE IMF AND US TREASURY AND THE REVALUE OF A HUGE AMOUNT OF COUNTRIES AND ALSO THE POSSIBLE DEVALUE OF SOME. IRAQ WAS IN THE MIX. THERE WAS NO VALUE GIVEN ON ANY OF THEM BUT ALSO SOME U.S. BANKS HAVE BEEN PRIVY TO THIS FOR SOME TIME BUT FOR SOME REASON, AS IN IRAQ ISSUES, CAME UP TO POSTPONE IT. THEY HAVE EVEN PUT OUT GRAPHS AND CHARTS ON THE COUNTRIES AT CERTAIN BANKS AND ARE CONFIDENTIAL. [post 2 of 3....stay tuned]
3-14-2013 Newshound Guru Med WE HAVE ALLOT OF NEWS...THAT I HAVE BEEN GATHERING. ACTUALLY, CONTACTS I HAVE HAVE COME OUT OF THE WOODWORK AND HAVE CALLED ME THAT SOMETHING IS GOING ON BETWEEN THE US TREASURY, THE IMF AND POSSIBLY 14 COUNTRIES
INTERNATIONALLY. NOW I KNOW WHO ARE BS SOURCES AND WHO ARE NOT THOSE WHO HELP ME OUT ARE VERY RESPONSIBLE. [post 1 of 3....stay tuned]
3-14-2013 Intel Guru TerryK WE HAVE 11 ORIGINAL CURRENCIES IN THE BASKET. THEY ADDED 4 THIS PAST WEEK. THE WAY THE GLOBAL THING IS GOING TO WORK IS THAT THE FOLLOWING DAY OF THE RV ANNOUNCEMENT THERE WILL BE ANOTHER 30 CURRENCIES THAT WILL RV AND EVERY FEW DAYS OR WEEK 30 MORE WILL RV UNTIL ALL 194 CURRENCIES ARE DONE. SOME MAY GO UP SOME MAY GO DOWN BUT THEY ALL WILL ADJUST. I HEAR FOREX MAY UPDATE TONIGHT. [post 3 of 3]
3-14-2013 Intel Guru TerryK DID ANY OF YOU HEAR THAT IRAQ AND AFGAN ARE TALKING TO THE USA ABOUT PAYING THEM BACK FOR THE WAR EFFORTS IN THE AMOUNTS OF TRILLIONS OF USD. THAT LAYS THE GROUNDWORK FOR THE 3.7 TRILLION SITTING IN UST FOR THE US TO CASH IN AND AT 7 BUCKS THAT'S 21 TRILLION. [post 2 of 3....stay tuned]
3-14-2013 Intel Guru TerryK TWO CALLS WITHIN A HOUR, PEEPS TELLING ME THEY HAVE CONFIRMS THRU CHINA AND HONG KONG THIS DID GO DOWN LAST NIGHT ABOUT 2 AM. IT IS GOING TO TAKE ANYWHERE BETWEEN 12-24 HOURS TO GET TO US. WE MAY HEAR OF IT FIRST THRU LONDON TONIGHT OR NEW ZEALAND MAYBE JORDAN. THUS ON EX YOU SEE A SMALL MOVEMENT. IT'S STARTED [can anything stop this at this point.] WHAT I WAS TOLD IS NO. I'M HEARING THIS 7.20-7.70 THIS IS A GREAT TIME, VERY EXCITING. ALWAYS TREAT AS RUMOR. [post 1 of 3....stay tuned]
3-14-2013 Newshound Guru Med SEE THAT THERE ARE BIG PROBLEMS IN IRAQ WITH THE DINAR. THIS MAY BE GOOD THOUGH. IT TO ME WOULD FORCE A CHANGE QUICKLY TO STOP THE USE OF COUNTERFEIT
DINAR AND THE USD IS OVERTAKING THE DINAR BY EVEN LONGER STRIDES.
3-14-2013 Newshound Guru Eagle1 It is a complete reversal of the kind of banking management and protocols we have seen during the past decades. This requires -- in part -- that the central banks of the participating nations derive their currency values based on the relative asset base of each country. In a recent report by Ernst & Young (the same financial firm that does the audits for the Central Bank of Iraq) published late in 2012, they state that many international firms which have moved abroad (in order to avoid negative consequences) are returning to their home countries in order to tap new funding sources and retail banking because of Basel III implementation. These new funding sources and retail banking opportunities are/and will be the product of revalued national currencies. [post 2 of 2]
3-14-2013 Newshound Guru Eagle1 We've been talking about Basel III (The Global Currency Reset [GCR]) for several weeks, and the fact that there are some 168 currencies due to undergo restructuring of one kind or another. A fair number of these currencies are going to revalue -- some rather significantly -- in the coming weeks and months, and a fair number will devalue (some quite significantly). Within the last couple of weeks, Christine Lagarde (Managing Director of the IMF) announced a basket of some 15 currencies that would be restructuring within the immediate future. One of the aspects of this GCR that is significant, in my opinion, is the transition away from debt management to asset management. [post 1 of 2....stay tuned]
3-14-2013 Intel Guru Frank26 It's a GO GO GO. Yes indeed as we have been sharing from TEAM "I" for over a week now. Then Articles proved in the last 3 days that YES, Markets are dumping USD's with purpose AND That Iraqia TV started telling CITIZENS as of This past Saturday that the POWER of THEIR IQD would go up. BUT !!! To see Your Team now verify this, Well I can only re-peat myself: DONE DONE .....TA DA !!! :
3-14-2013 Intel Guru Delta URGENT URGENT URGENT FROM IRAQIA TV: CBI ANNOUNCES NEAR NEW DECISIONS TO REDUCE THE HIGH RATE FOREIGN CURRENCY. THEY ARE SAYING THAT THE EXCHANGE RATE WOULD CHANGE AND WOULD BE DIFFERENT FROM THE CURRENT PRICES OF FOREIGN CURRENCY AGAINST IQD. THE CBI IS ABOUT TO INCREASE THE VALUE OF IQD. THEY ARE WARNING ALL DEALERS AND CURRENCY EXCHANGERS IN IRAQ TO BE READY FOR THE CHANGE.
3-14-2013 Intel Guru TerryK WHAT IF I TOLD YOU I HAVE A TEAM THAT HAS 5 CONFIRM'S THAT THE RATE IS ON THE SCREEN'S. WHAT IF I TOLD YOU WE WILL EXCHANGE IN THE MORNING [THURSDAY]. THIS IS FOR REAL. HAVE GOTTEN LIKE 7 CALL'S THIS AFTERNOON TELLING ME THIS. IT'S FROM A SOLID SOURCE. THEY GOT IT FROM THE HORSE'S MOUTH. BUT ALWAY'S TREAT AS RUMOR...DAMN GOOD ONE AT THAT.
3-14-2013 Intel Guru Okie_Oil_Man HAVE RECEIVED GREAT NEW'S TODAY [WEDNESDAY]--WILL ELABORATE WHEN AUTHORIZED-...I WILL PULL AN ALL NIGHTER ON AND FOR ALL YOUR BEHALF VERIFYING NEWEST INFORMATION JUST OBTAINED--KEEP THE PRAYERS GOING UP AND KEEP UP THE FAITH. 3-13-2013 Intel Guru SteveI My thought was OK, something is going down pretty soon to react like this and it must be pretty darn important to act this way. Let’s just let the powers to be do their job and get this mission accomplished. I think next week could be very exciting regarding many laws and the release of the budget of 2013. Time will tell... [post 3 of 3]
3-13-2013 Intel Guru SteveI By the way, information is getting very hard to come by and things are being kept very secret. Our contacts at telling us that they have never seen this level of keeping things secret. One other bit of news, a very good contact in our US government will no longer take my calls and I was told that if anyone in their department discusses anything about Iraq they will go to prison for a very long time. [post 2 of 3....stay tuned]
3-13-2013 Intel Guru SteveI [We all know from article 31 the 2013 budget is retroactive as of Jan 1, 2013 once its published] There is one reason and one reason only for the importance of making this retroactive as of Jan 1, 2013 once its published. If there was no rate change then it would not matter and they would simply open it (budget that is) and start paying it (disbursements). I believe this to be a huge bit of very positive information and very telling as to why all of this is starting January 1st. [post 1 of 3....stay tuned]
3-13-2013 Newshound Guru Adam Montana [who determines when the IQD is a world-wide tradeable currency?---IMF, WTO, UST, C.B.I.?] The Dinar already is a world-wide tradable currency - any bank that wishes to trade it can do so. There is no rule that states it is NOT a "tradable" currency... at this time, most banks simply CHOOSE not to trade it. Once the rate goes up, we will obviously see banks changing their policies regarding the Dinar.
3-13-2013 Newshound/intel Guru Eagle1 The number of people that will double dip with the dong is minuscule its microscopic comparatively speaking I don't think they are fretting about that...I've been told that the word out of the UN and the IMF we are permitted to double dip with the Dong. I'm hearing the Dong is either weeks or months away but they might spring a funny on us! Other news from hear from 3 separate sources tonight that Wells Fargo has called a foreign currency meeting in the morning [Wednesday]. This is the first time I'm told by our friends at Wells Fargo...they are openly acknowledging the Dinar. [post 2 of 2]
3-13-2013 Newshound/intel Guru Eagle1 basket of currencies will only have around 12 to14 currencies in it...Dong will not be in the basket...because it will be to great of a shock to the world...major rv with Dinar...followed by 3 or 4 currencies lesser devaluing this could happen a few times...this is my opinion not something I've been told. [So they are going to allow us to double dip is what it sounds like?] in a sense...But you realize People that own the Dinar and have purchase the Dinar over the years numbers in the millions. [post 1 of 2....stay tuned]
3-13-2013 Intel Guru OCrush This is the latest. The oil minister has qualified some oil companies to bid in an area about 200 miles south of baghdad. They are, china, india, russia, japan and france. A couple of months ago my cousin said when the bidding process starts again, the hcl will be in full swing. They have not determined the day of the bid yet but it is close to be announced. He believes next week. Also the UN will have a vote on the remaining issues on the 21st of March. Getting closer.
3-13-2013 Newshound Guru Adam Montana At the end of the day, the fight for more territory will continue probably forever. But while Iraqi Kurdistan is using the Iraqi Dinar, and while the Central Government in Baghdad has the final say on international matters... "Kurdistan" will be forced to go along with the rate set by the CBI. And that is good for us. ok, hopefully that helps everyone understand how "Kurdistan" works and how the HCL is tied to this in so many ways. [post 3 of 3]
3-13-2013 Newshound Guru Adam Montana Now since "Kurdistan" is actually a region that expands into multiple countries, and the "line on the map" is not exactly defined... obviously the Kurds want to push the line out and the other countries want to push the line in. Herein lies half of the issues that make up our famous "HCL"... depending on where that line is drawn, the Kurds should be entitled to more or less oil revenues. Now that we understand that Iraqi Kurdistan is it's own region, but still part of Iraq, we can address the real issue... who is in charge of the rate of the Iraqi Dinar? IF it was up to the Kurds, or if they even had an equal say in the matter, then we would be in trouble. This is not the case. [post 2 of 3....stay tuned]
3-13-2013 Newshound Guru Adam Montana This week I would like to *attempt* to explain some things about Kurdistan... the "devil is in the details", as they say, and the more you know about a subject the easier it is to understand the news surrounding it. When we as Iraqi Dinar speculators talk about "Kurdistan" or the HCL, we are actually referring to "Iraqi Kurdistan". Kurdistan itself, however, is actually more of a "region" than a defined country. Kurdistan extends into Turkey and Iran, and is defined more by culture than by actual "lines on a map". This is where it gets tricky....The Kurdistan area in Iraq has constitutional authority to have their own government, and to make their own laws. BUT the authority stops when it comes to International matters... that authority, even over the Kurdish region in Iraq, is left to Baghdad. [post 1 of 3....stay tuned]
3-13-2013 Newshound Guru Shredd Article: "The Law of the Ministry of Industry conducted it set adjustments during past periods, but still needs further amendments conform with the policy of a free market economy." When we see this phrasing..."free market economy"...we should really get excited because of what this will represent. In short, a free market economy is a local economy where supply and demand call the shots. The greater reality is the intervention by the government is rare. Here's a big one...In a free market economy, exchange rates are not pegged (or managed) by the government but rather fluctuate based on the demand of the currency and especially in Iraq's case, the supply of the currency. So in summary, the House is amending this law in light of the shift, or already initiated and in the process of, moving from a planned economy to a market economy. What a golden nugget of progress in this!!
3-13-2013 Newshound Guru Mailman17 [I'm not following.] OK, HANG ON. THEY HAVE A 119 BILLION DINAR BUDGET, KEY WORD BEING DINAR, GOT IT. OK, AT A 1-1 RV THEY MUST PROVIDE 119 BILLION DOLLARS WORTH OF PRODUCT, GOT IT? OK, NOW IF THE DINAR IS VALUED HIGHER THAN THE DOLLAR THAT 119 BECOMES SMALLER. DOLLAR WISE SAME PRODUCT, JUST WORTH MORE AGAINST THE DOLLAR. MORE BANG FOR THEIR BUCK...IN THIS CASE DINAR. NOT SAYING ITS GONNA BE 2 BUCKS OR EVEN 1.25 BUT THAT 1.17 LOOKS LIKE IT MIGHT REAR ITS HEAD IN THIS THEN. I DO NOT THINK 86 CENTS IS ON THE BOARD ANYMORE' NOT WITH 119 BILLION. THE THREAT OF THEM LOOSING A TRILLION IN PROTECTION MAY 22ND IS OUR ACE. [post 4 of 4]
3-13-2013 Newshound Guru Mailman17 LEAVING IT AT 86 CENTS DOLLAR VALUE IS TRULY STRETCHING THEIR NECKS BUT GIVING IT A VALUE ABOVE THE DOLLAR IS VERY PLAUSIBLE. ALL WE KNOW IS THEIR BUDGET IS 119 BILLION DINAR THAT VALUE COMPARED TO THE DOLLAR IS WHAT WE WAIT TO COME OUT. THE IMF EVEN STRESSED THAT MIGHT BE A LITTLE TO HIGH FOR THEM. SO MY GUESS IS THAT A HIGHER RATE JUST MAY HAVE BEEN NEGOTIATED, JUST MY THOUGHTS. [post 3 of 4....stay tuned]
3-13-2013 Newshound Guru Mailman17 BUT, IF THEY WERE TO COME OUT OVER A BUCK, THAT 119....WHICH IS BASED ON A DOLLAR VALUE PER SE IS A LITTLE SMALLER. I WILL EXPLAIN...AT A 1-119 BILLION DINAR HAS THE VALUE OF 119 BILLION DOLLARS, YES, HENCE IRAQ HAVING TO PUT OUT THAT MUCH IN OIL AND ANYTHING ELSE THEY CAN MUSTER. LETS JUST SAY...THEY COME OUT AT 1.50 THE 119 BILLION DINAR NOW HAS A VALUE UNDER A 100 BILLION DOLLARS...VALUE WISE YOU GUYS GET WHERE I AM HEADED ON THIS? IF THE DINAR HAS A VALUE GREATER THAN THE DOLLAR....THEN 119 BILLION IS VERY MUCH ATTAINABLE. [post 2 of 4....stay tuned]
3-13-2013 Newshound Guru Mailman17 A LOT OF DISCUSSION WAS THAT THE RV WAS IN THE BUDGET NO BUT THE BUDGET SHOULD REFLECT THE NEW RATE...HENCE IN A WAY...IT IS TIED IN. THE OTHER THING I WAS THINKING ABOUT IS THIS, THEY CAME OUT WITH THE HIGHEST BUDGET IN HISTORY. BASING THAT ON A 1-1 MIGHT BE A LITTLE INTIMIDATING EVEN TO THE IMF AND WORLD BANK AND BASED ON THEIR OIL OUTPUT...VERY SCARY. [post 1 of 4....stay tuned]
3-13-2013 Newshound/Intel Guru Bluedog President Talabani's health file is closed indefinitely. Why can't we see it, did you lie to us and by the way he is in Iraq getting ready to sign the Budget. Ignore the articles about Talabani not returning to Iraq in March. Lies and smoke. Talabani is back and working and there in a hurry now. IMO there is no delay. Banking Laws...all Laws are done ready for Talabani to sign all at the same time. Infrustucture Law is ready for him to sign at the same time as the Budget. Talabani will sign many laws all at once...it will be Historic for a Historic Budget. [Is it in the hands of iraq or not?] Its in the IMFs and World Banks hands and the world bank is there implementing the Mechanism as in Lower Denoms and other things for this to roll out. I was looking to Thursday myself...Thursday could work out just fine. 3-12-2013 Intel Guru TerryK JUST GOT WORD THAT WF [WELLS FARGO] IS MEETING IN THE MORNING ON INTERNATIONAL CURRENCY AND THE CHANGES COMING. THAT'S THE WAY IT WAS JUST PUT. TREAT THAT AS RUMOR. I THOUGHT AS MANY LAST NIGHT WAS OUR NIGHT, HEARING THAT IT MAYBE TONIGHT OR BETTER YET THURSDAY THIS WEEK. THE DINAR MAYBE OVER 7.00. WE ARE TRYING TO CONFIRM. TREAT THAT AS RUMOR.
3-12-2013 Intel Guru Frank26 There is a conference for the Advancement of Iraqi Banks on March 22nd. Why would you want to advance Iraq banks at 1166, that's an insult to the world banks. The World Bank said it is implementing an extensive plan in collaboration with the Iraqi bank sectors....done, done. The World Bank is saying it is ready to take the next serious steps which requires a 1 - 1, 2, 3 or 4 dollar rate. Those are serious steps. [post 3 of 3]
3-12-2013 Intel Guru Frank26 Iraq, you can take your time to show us the new rate. Why, because you made the statement that everything will be retroactive back to January 1, 2013. You have a new value, don't you? If you have the same value, you don't have to retroactive back to January 1...Light Bulb. So when you are ready, release that new rate, because we know it's a new rate. Let's see what happens between March 15 - March 22. On the 21st Talabani will be all over the place. He is in Iraq & in position & waiting. [post 2 of 3....stay tuned]
3-12-2013 Intel Guru Frank26 Talabani is in Iraq. They denied that he would return in March. Why? Because he returned in February, I believe it was the last day of February. The 22nd is when Talabani will sign the 2013 Budget which was released on the 7th. There seems to be a lot centered around this. [post 1 of 3....stay tuned]
3-12-2013 Newshound/Intel Guru Bluedog Article: "Planning launches projects 2013 immediately after the publication of the budget in the Official Gazette" so the Budget takes effect on the 22nd and you should see the Lower Denoms coming out...they need to IMO because only 10 days left till project of mass contruction go into effect and Investors have to use Dinar which there are not many of ...the Banks are low on Liquidity ...so by bringing out the Lower Denoms that problem will be solved...also they must pay the contractors in Dinar IMO from that point on looking forward ...IMO we are at a anytime...any moment stage now.
3-12-2013 Newshound Guru Mailman17 SMART CARDS BEING LOADED...YES? AND WHY...ALTHOUGH THE KURDS DID BOYCOTT THAT VOTE....ARE THEY NOT TRULY MAKING THAT MUCH OF A FUSS REGARDING PAYMENT TO OIL COMPANIES? OHHHHHHH....THERE IS SO MUCH MORE TO THIS THAN WE COULD ONLY IMAGINE, IMVHO. THIS THINGS READY TO EXPLODE AND IT WILL MAKE AN INDENTATION LIKE NEVER BEFORE. I FOR ONE AM VERY EXCITED. LET THEM PLAY THEIR LITTLE BULL**** GAMES, BUT COME ** OR HIGH WATER OUR PAYDAY IS CLOSE, REAL FRIGGIN CLOSE. TICK TOCK [post 3 of 3]
3-12-2013 Newshound Guru Mailman17 OK, NOW WE HAVE A CAN OF WORMS TO OPEN. SO, THE BUDGETS APPROVED...CHECK. THEY HAVE LISTED THEIR BUDGET IN THE DINAR NOT THE DOLLAR...CHECK. BUT AT HE CURRENT RATE OF 1166...THATS IMPOSSIBLE...CHECK. SO THEY, LIKE US, ARE WAITING TO IMPLEMENT THAT BUDGET IN THE FUTURE RATE, YES? SO I AM APT TO CONCLUDE THAT THEY LIKE US ARE WAITING FOR THE STABILITY AND WE ALSO KNOW THEY ARE NOT GONNA WAIT MUCH LONGER TO IMPLEMENT THAT BUDGET IN DINAR AT CLOSE TO A 1-1. AM I CLOSE TO BEING ON TRACK WITH THIS? [post 2 of 3....stay tuned]
3-12-2013 Newshound Guru Mailman17 EVERY BUDGET BEFORE THIS ONE WAS IN TRILLIONS...YES? THEY STATED IT VERY EXPLICITLY...YES? YET, THEY STATE VERY EXPLICITLY THIS BUDGET...THE ACTUAL BUDGET IN IRAQ...TO BE IN BILLIONS...OF DINAR...NOT CONVERTED TO THE DOLLAR? YES? YES, 118.6 BILLION DINAR... IF THEY ARE STATING THE BUDGETS VALUE IN DINAR AND THAT VALUE IS IN THE BILLIONS...THEN ALTHOUGH THE BUDGET HAS BEEN APPROVED...THEY LIKE US ARE WAITING ON THE RATE CHANGE WHICH MIGHT EXPLAIN WHY THE BUDGET IS DELAYED FOR RELEASE AND THE WAITING MIGHT COINCIDE WITH THE THINGS WE MUST SEE AS WELL...AS IN THE HCL, 140 ETC. [post 1 of 3....stay tuned]
3-12-2013 Newshound Guru LoriC It's no RV but it's nice to see the CoM approving what they promised to over a year ago. Maybe there is more progress to follow as we see the budget implementation commence. I'm sure we're all fed up with Iraq's procrastination and childish bickering and that goes for the international community and major oil corporations who are still waiting to get paid and sign new contracts. I think Iraq is starting to get the message. They will comply or be replaced. Just my opinion.
3-12-2013 Intel Guru TerryK THIS IS A GO AT ANY MOMENT...IS WHAT I HAVE BEEN ADVISED...TAKE IT AS RUMOR. KEEP IN MIND ONE OF THE SWEET THINGS I HAVE GOING IS I HAVE A SOURCE IN CBI AND THEY WILL CALL ME.
3-12-2013 Intel/Newshound Guru Poppy3 Seems Iraq leadership are being quiet about what they are doing behind the scene's. The articles from Najafi, Barzani, SDAR and the demonstrators are all together about the removal of Maliki. It also apeers and I was told that Parliment will continue to make moves forward and will force Maliki's hand on actions and they are not going to to stop progress because of his actions. TIME WILL TELL but I like their new attitude. POPPY3
3-12-2013 Intel Guru Blaino We are seeing some additional indications late this afternoon from the bank where we get a lot of foreign currency information. There remains a distinct possibility that something...May break loose...Sooner rather than later, MEBBY.
3-12-2013 Newshound/Intel Guru Bluedog Article quote: "The Ministry of Planning mentioned that it has the possibility to identify the budget surplus after reimbursing the deficit in budget from the Oil revenues within three months," he continued saying. "The government is responsible of determining the mechanism of distributing the surplus in budget by adding it to the ration card or paying it through banks" so...they say basically after opening the Budget they will survey what things are to be paid then they will pay the surplus out in June...so open Budget now then pay Surplus...opening the Budget is the rate. Iraqs Budget will go into affect on the 22nd. [what your feeling on tonight [Monday] ] if TK [TerryK] said it, I will be expecting it...ya like tomorrow...take as rumor. 3-11-2013 Intel Guru TerryK [ I am hearing that we should be in the banks tomorrow. I am waiting for a final update and xxx is going to call me later. I will let you know as soon as I know. Everyone has been told tonight and to be ready so everyone in our group is ready. TYSVM !! This is exciting tonight. Just 15 currencies is what I was told will be first but of course the IQD will be first. No question.] THAT WAS JUST SENT TO ME
3-11-2013 Newshound Guru Tlar If Iraq can finally get their act together, and I believe they can, I'm holding to July 1st change in the currency because it will be the first available slot that begins a new quarterly accounting period that fits with where Iraq is at present. I'm holding to that date as a possibility. Please don't hold me to that date. If it takes longer to resolve the outstanding issues then it might still be October 1st or January 1st. But I honestly think sooner than later. Iraq is very close on all fronts including Chapter VII. It is mind boggling to me how just one major piece of legislation can open so many doors. [post 3 of 3]
3-11-2013 Newshound Guru Tlar All of these I consider as positive signs that it is possible we will finally see that elusive RV this year. We know that May 22 is an important date. We have seen Maliki make some conciliatory moves to all the blocks. We know the bank is on the verge getting hooked up with the world. Lastly we see Maliki wanting to quickly get investment in the country as he is finally pushing for a stronger dinar and the removal of obstacles that have stood in the way of investors. [post 2 of 3....stay tuned]
3-11-2013 Newshound Guru Tlar the budget just got done. Its done and a majority of the MP's voted on it. The budget sets up the HCL as another major piece of legislation that is now readily in sight. The amount of revenue to be shared by Kurdistan and the provinces is structured within the budget and Kurdistan is now assured to receive its 17%. Article 140 still has some sticking points but as a result of the budget, it to has been minimized too and is now achievable. This budget was a milestone. Although it does answer to every parties needs, it does solve what were many of the outstanding issues between the blocks. [post 1 of 3....stay tuned]
3-11-2013 Newshound Guru Shredd The possibility for the dinar to be traded exists but for it to be recognized by institutional investors is bigger than that. Today, the activity in this space on any dinar-denominated debt is silent. Why? Well, imo, for one, Iraq is not a member of the WTO. Also, the dinar being managed is a huge part of it. For these reasons, investors are largely (but not entirely) staying away from these trades. [That being said...what do we look for?] imo, an exchange regime that is fair...a market driven rate and wto membership.
3-11-2013 Newshound Guru Doc The good news things are progressing. Yes we know at a snails pace. However, we continue to see pressure from the international community, from within the GOI and from the citizens themselves to speed things up. Maliki appears to be feeling the pressure but he has shown signs before only to weasel his way out. Do we think this will work its way out - absolutely. We simple see it taking time to neutralize Mailiki and for the final pieces to be put into place. We report, you decide [post 2 of 2]
3-11-2013 Newshound Guru Doc The fundamentals have not been completely put in place to support the RV long term. We continue to believe the HCl is one of the key remaining items. We know its not completed because the Kurds are still making noise about breaking off from Iraq. If the HCl was done to their satisfaction they would not be still threatening. In fact they are making noise about having the budget redone also. This is why as we've been reporting that the RV is not and was not in the budget. [post 1 of 2....stay tuned]
3-11-2013 Intel Guru BOBGETZ6 I am beginning to think the budget is not key. I think they can rv without it. The budget is just a number which can be altered...numbers and conversion can be changed @ any time. How easy would it be to change a rate on a spreadsheet.
3-11-2013 Intel Guru TerryK jack lew is running the show trying to get us the rv signed off...let me say this...how many want to go to the bank tomorrow. things are in motion right now. we may see the announcement tonight or in the morning. this is from my number 2 source, number 1 source is not talking right now, china source backs this one up.
3-11-2013 Intel/Newshound Guru Poppy3 THIS IS FROM A SOURCE I KNOW BUT I DON'T KNOW HIS SOURCE BUT I KNOW HE IS IN DC AND HAS IN THE PASSED HAD SOME VERY GOOD INFORMATION. HE LIKE ME IS TAKING THE NEWS WITH A GRAIN OF SALT AND HOPING LIKE US IT IS ALL TRUE. STATED THERE IS ANOTHER MEETING AT NAJAFI'S HOME TOMORROW TO PREPARE FOR TUESDAY PARLIAMENT MEETING...TIME WILL TELL. STRANGE THEY ALSO TODAY STARTED TALKING ABOUT NEW LEADERSHIP OF THE CBI ANOTHER THING I SAID HAD TO BE DONE BEFORE THE IMF WILL ALLOW THE RV??? TIME WILL TELL AND TIME IS ON OUR SIDE. [post 2 of 2]
3-11-2013 Intel/Newshound Guru Poppy3 I JUST GOT A CALL SAYING MALIKI HAS BEEN DEALT WITH DURING THIS MEETING THAT HAS TAKEN PLACE TODAY AT NAJAFI'S HOME AND THAT HE HAS BEEN ISSUED A ULTIMATUM IN WRITING TO SIGN ALL DOCUMENTS HE HAS BEEN SERVED ON ALL HIS PREVIOUS AGREEMENTS, ERBIL. 140, HCL, BORDERS AND TO COMPLETE HIS APPOINTMENTS, LIFT THE OUTSTANDING WARRANTS ON OFFICIALS AND PERFORM ALL DUTIES BY TUESDAY OR HE WILL BE REMOVE FROM OFFICE PERIOD. [post 1 of 2....stay tuned]
3-11-2013 Intel Guru TerryK I'm hearing great things for today. i did get word that there is enough $ in the coffers to cover the rv which what I'm hearing is to happen maybe today. the rates i was quoted yesterday afternoon were upper 5. Dinar and .39 on the dong.
3-11-2013 Newshound Guru Mountainman Article: "Financial expert: Iraqi dinar needs economic stability to make it a desirable currency internationally." This article reiterates what we've been saying for years. Stability, stability, stability. That doesn't mean they all go to their happy place, it means economic/political stability in the eyes of the global community that will give Iraq the international support to make the IQD desirable, dedollarize and eventually use as their primary currency once they add value per IMF/CBI instruction and approval (when they feel the time is right).
3-11-2013 Newshound Guru Mailman17 I HAVE BEEN TRACKING THIS DAILY AND READING MEDS CHATS AS WELL ALSO EVERY ARTICLE, EVERY ONE AND THE BACK OF MY MIND STILL TELLS ME THE LIFTED PROTECTION OF NOT ONLY THE DFI BUT THE FROZEN ASSETS IS THE CATALYST . THAT DATE IS THE BACK DATE, MAY 22. SO, IMO, WE ARE GOOD FROM NOW TIL THEN, IMO. WHAT I SAW WITH MY OWN EYES IS NO LONGER INTEL, IT IS NOW FACT. [post 4 of 4]
3-11-2013 Newshound Guru Mailman17 I ASKED HER POINT BLANK...I KNOW WHAT THIS MEANS BUT YOU TELL ME. SHE SAID...QUOTE: THE DINAR WILL BE ACCEPTED BY THEIR BANK AS SOON AS THEIR CORPORATE GIVES THE RATE AND THAT RATE IS GIVEN BY THE TREASURY. WE ARE IN HOLDING PATTERN AND THE THING THAT BOTHERS ME IS THERE IS NO WAY THE TREASURY WOULD ALLOW CORPORATE TO POST THIS IF WE WERE NOT CLOSE, REAL CLOSE TO HAVING A RATE. [post 3 of 4....stay tuned]
3-11-2013 Newshound Guru Mailman17 IT IS THERE ON THEIR SCREEN....RECOGNIZED BY THEIR CORPORATE OFFICE....BUT NOT GIVEN A RATE. IT HAS NEVER BEEN ON THEIR SCREEN....EVER, NEVER. THEY SHOWED ME THE SCREEN...BUT I AM A LITTLE PERPLEXED AS TO WHY THEY SHOWED THE LOWEST DENOM BEING THE 250 AND NOT THE 50 AND THE NEW BOOK IS ALSO IN THEIR POSSESSION. THE OLD BOOK SHOWED THE IRAQ DINAR AS EXOTIC...RED LINED AND NOT ACCEPTABLE. NOT IN THIS ONE. [post 2 of 4....stay tuned]
3-11-2013 Newshound Guru Mailman17 I DID RECEIVE SOME VERY UPLIFTING INFO FROM THE BANK ON MY ROUTE. ...I HAVE HAD THE BANK LOOK OUT FOR ME FOR THE LAST 2 YEARS ON THE IQD SHOWING ON THEIR SCREENS, NOTHING, ZILCH, NADA, FOR 2 YEARS. THATS WHY I TOOK ALL THE BANK SCREEN INTEL AS JIBBERISH UNTIL NOW. THEY ACTUALLY CALLED...TO TELL ME TO GET THERE ASAP LAST SAT [SATURDAY]. [post 1 of 4....stay tuned]
3-11-2013 Newshound Guru SWFloridaGuy The G-7 developed economies realize that you can't simply print money into existence and fight deflation while stimulating growth. As we all know by now these currency wars have gone global. The leaders of the world are facing a major problem. They can no longer print fiat currency when they have no real value. A change is coming and 3rd world countries with no debt and a monumental amount of natural resources will help to revitalize the global economy investment/aid/contracts/corporations and arms deals will pour in. This will not happen over night but it will happen. There is no other alternative. [post 2 of 2]
3-11-2013 Newshound Guru SWFloridaGuy My inability to suppress my frustrations sometimes overshadows my gratitude for this once in a lifetime opportunity. I have no doubt this is the opportunity of the century. I've recently changed my focus from solely studying articles, macroeconomics, geo-politics, UN/WTO regulations and procedural steps because after much research I've come to realize I will never fully grasp how this will influence a country as corrupt as Iraq and the global financial system in General, which we hope will somehow filter down to benefit us in the near future. [post 1 of 2....stay tuned]
3-11-2013 Newshound Guru Shredd So many of you are anxious to cash in and perhaps frustrated, but you need to understand that so much has been and continues to be accomplishes. The stage is being set and money, and the power it brings, is KING. Our day is coming and each and every day we are seeing proof of progress. Hold on and hang in there and train yourself to look for the progress and not just the rate because it will give you tremendous peace of mind and the hope we all crave! [post 2 of 2]
3-11-2013 Newshound Guru Shredd if you look at the big picture of the final preparations as well as the beginning signs of a flood of investment coming to Iraq, you just can’t help but to be excited! WTO ascension and an internationally recognized dinar is part of this equation and I believe we are very close to seeing this unfold. How will the dinar grow in value? That remains to be seen but any way you look at it, we win! [post 1 of 2....stay tuned]
Read more: http://www.dinarguru.com/index.html#ixzz2Nce6pDu5
3-10-2013 Intel Guru Blaino SO...SUMMARY...foreign currency bank back screens still dark...waiting on rates...several financial folks looking for it tonight, not based on solid intel Blaino can believe, just a "faint crumb trail" ...and fair to good possibility of rv this week.
3-10-2013 Newshound Guru Kaperoni [I still believe we have to some how find out how the exchange regime gets implemented. I believe this is the KEY that unlocks this currency putting it into play world wide. Who really takes care of this decision?] I think I can answer your question about the exchange regime. I did a piece on this a while back in which a Market Maker/ECN is used to facilitate the process. Actually the one who launches the currency on whatever platform they decided such as inter-banking, or Forex. From what I know, that is still in play from last Sept, just delayed. I believe the decision makers are the GOI/CoM and MoF/CBI.
3-10-2013 Newshound Guru SWFloridaGuy When you...follow the verifiable progress Iraq is making you can't help but be encouraged and it makes this journey far more tolerable (even exciting). To name a few: · Economic sanctions being lifted · Plans to alleviate debt have been instituted · Iraq is the fastest growing economy in the world · Funds being unfrozen · Iraq is emerging as an economic leader not only in MENA but globally · The IEA recently reported that Iraq will lead OPEC oil production growth over the next two decades · Budget passed - general progress that will lead to further implementation of necessary projects · They are the premier emerging market, not only in the Middle East but the world.
3-10-2013 Newshound/Intel Guru Randy Koonce Maliki has a maximum of 30 days to do something. We are in a very good window from now until mid April, but we can see it any day now. If not, you will see a lot of articles about removing Maliki. Everything is starting to line up for Maliki to push it or be removed. If you see articles about him stealing money, we could go to mid-April. If not, we will see it very soon. The RV is not tied to a major global reset but it will obviously help countries that hold a lot of dinar. I am sticking with the $3.41 rate. Relax...breathe.
3-10-2013 Newshound Guru Kaperoni Article: "BAGHDAD / obelisk: sales rose CBI of the dollar in the auction...a stable exchange rate at 1166 dinars per dollar." The auctions serve a purpose, but they have nothing to do with the exchange rate. The rate is fixed!
3-10-2013 Intel Guru Frank26 [Walkingstick wrote on March 10th, 2013, 11:22 am: ATTN: FRANK...Sunday, March 10, 2013 15:28 BSA signed a memorandum of understanding with the Arab Academy for Science banking in OmanBAGHDAD / Baghdadiya News / signed BSA, Sunday, with the Arab Academy for Banking and Financial Sciences in Jordan a memorandum of understanding in the field of capacity building and training.] This is another individual step to bring Iraq into the international world of commerce. It says the IQD has a new and wanted VALUE within the WB...CBI/GOI...2013 Budget...UNSC to go Ch6 and IMF's article 8. It says many unknown mandates and issues are conquered. To subdue these issues removes political crisis. This Academy is prestigious ...Equalling a wanted condition of status. IMO, INTERNATIONAL STATUS.
3-10-2013 Newshound Guru Med MANY KNOW THAT IS ONE ISSUE WE HAD...WHY IS SHABIBI SAYING SO MUCH? IT JUST DOESNT MAKE SENSE AND IT MADE LESS SENSE THAT THEY HAD THIS VISCIOUS SMEAR CAMPAIGN AGAINST ALL THE CBI POLICIES THEN WHEN THEY CAME IN THEY DIDNT CHANGE THEM. I DONT THINK IT IS A CONSPIRACY I THINK IT IS A SMART MOVE. SHABIBI COST THEM POTENTIALLY BILLIONS BECAUSE OF THE VOLUNTARY INFORMATION HE GAVE OUT ON THE CHANGE IN THE DINAR COMING. EVEN US WHO ARE NOT ECONOMISTS REALIZE THE PROBLEM WITH THAT. [post 2 of 2]
3-10-2013 Newshound Guru Med THIS HAS TO DO WITH WHAT MANY ARE READING OUT OF THE CENTRAL BANK AND THE GOI ON THE IMPORTANCE OF THE REMOVAL OF THE ZERO'S. DO NOT BELIEVE WHAT YOU ARE READING. FROM WHAT I UNDERSTAND...THE IMF IS WORKING WITH OTHER COUNTRIES ALONG WITH IRAQ OBVIOUSLY TO MAKE A CHANGE IN THE DINAR. I HAVE SPECIFICS BUT THE PERSON WHO RECEIVED THEM GOT IT FROM A SOURCE WHO COULD LOSE THEIR POSITION. I AM ALWAYS SKEPTICAL BUT WHEN YOU THINK ABOUT IT, WHY WOULD THEY TELEGRAPH AN RV WHEN IT GOES AGAINST EVERYTHING THAT THE IMF RECOMMENDS OR DEMANDS ON SECRECY. [post 1 of 2....stay tuned]
3-10-2013 Newshound Guru SWFloridaGuy When the IQD goes live (international) the IMF will send a 'go live' signal to the Central Banks (upon approval of BIS board), then it will hit the master board at their main corporate offices and proceed to the banking system (country to country) depending on the IMF release terms. There will BE ONLY ONE RATE, NO TIERS!!!!!!!; at which point, depending upon regulations, each bank will institute the buy/sell spreads. We have plenty to be grateful for, despite the countless setback we've endured. But even the most skeptical can see that Iraq's come along way and the possibilities are endless. We will prosper from this, keep the faith. [post 4 of 4]
3-10-2013 Newshound Guru SWFloridaGuy I'm not here to attempt to convince you that overnight Iraq will RV. On the contrary, after studying large currency appreciations and the repercussions that would have not only short term but long term (although anything is possible), I now take a more balanced approach that a large currency appreciation shock is on the horizon for the IQD but tend to believe this will be a more gradual process and only after certain changes have taken place that will ensure long term stability (economic not political). We are currently witnessing these changes and I postulate that before the elections this postulate will proliferate barring any unforseen political instabilty. [post 3 of 4....stay tuned]
3-10-2013 Newshound Guru SWFloridaGuy Iraq currently has $60 billion in foreign currency reserves. In the 70s, when their former currency boasted a much larger value, Iraq's foreign reserves were only 35 billion. As CBI reserves grow, so does their credibility. They passed their largest budget in history and are making Chapter VII removal, WTO accession, appeasing the Kuwait, receiving support from the United Nations/negotiating with the Kurds and HOPEFULLY resolving the elusive HCL/140 in a way that satisfies all parties involved. [post 2 of 4....stay tuned]
3-10-2013 Newshound Guru SWFloridaGuy Let's examine some applicable information that also happens to be very encouraging regarding Iraq's natural wealth and financial/political outlook: They have already mined thousands of tons of gold, which was set aside for the purification and extraction process. This discovery, among others, could turn Iraq into a producer of gold more than oil. It has also will increase the prices of real estate due to the influx of gold job seekers. [post 1 of 4....stay tuned]
3-10-2013 Newshound/Intel Guru Bluedog As far as the RV, I expected if they did not RV just b4 the Budget that News and Intel would go quiet...so any Intel Providers will find it hard to find out anything as the News has gone like our Black out this week... Last I heard is that people leaving Baghdad were not alowed to take any Dinar out side the country and that the Borders were under heavy surveillance and keep in mind the News will be the same way. Up till now they had to train the Iraqis of what was coming on TV and in the news with the Dinar. IMO, they are done...the GOI has told you they are giving the Green Lite to the Currency to have value. Now all we can do is wait this quiet out...and quiet is GOOD, IMO. 3-9-2013 Intel Guru SteveI Now that this budget was closed, they (Iraq) could not start disbursing monies until the new budget was completely approved by the government. I have never, ever seen this much focus on such a thing. Another event I have never seen was the in 2012 they found a surplus and added it to the 2013. This was never done before. There is so much focus on the budget now that something special is going on and they are treating it very different. I guess you can all make your own assumptions as to why. Another statement that keeps popping up in the news, many leaders are stating they want and need a strong currency. I will tell you that .00086 to the USD is not all that strong. I guess it would be fair to say, until the official rate is posted in the CBI website we wait and see who has provided the most accurate information and I will leave it at that. [post 2 of 2]
3-9-2013 Intel Guru SteveI There has been many Iraqi budgets in the past in which we actually thought the rate would be in it. Many have spent hundreds of hours with detailed diagrams and we all were not correct. This has gone on for many years now. So what makes this different you ask? All of the budges in the past pretty much ran from one to the other and there was no real urgency to complete them. This is the first time that I am aware of, and please correct me if I am wrong, but they actually officially closed the budget and all accounts within for the 2012. I have never seen it reported in the news for any previous years budgets. [post 1 of 2....stay tuned]
3-9-2013 Intel Guru Blaino actually, we are in fact seeing the kind of intel and news that we expected to see "if" we were in the position that we think we are IN...So, from that analyses standpoint...We look "good!" and good is good! There is rate and date stuff in the middle $4's and early in the comin WEEK...So, based on the broad spectrum of divergent locations and the credibility of those delivering the same, i can only conclude that "markers" are getting in short supply. Some we never saw coming, many we did and we were sure some were that weren't and will not. Mebby re-read that one. Ok, so there is pp and other 'program' news, groupie news and bank insiders telling us that they are in the FLOW.... "have a nice weekend and we will be well served next week!"
3-9-2013 Newshound Guru Phoenix3333 Articles: "Maliki receives Iranian Oil Minister." "Kordestani: We will appeal to the Federal Court in approving the budget in the coming days" Remember the Kurds want a separate state...and they have the U.S. backing them. And imo, as long as Iraq continues doing business as usual with Iran, we will see delays.
3-9-2013 Intel Guru Frank26 Rejoice...For as we shared M [Maliki] has metamorphosized himself into that nice guy again. He is helping, not infecting. The IMF meetings with CBI on 4/5/6 was a passing grade on the budget and a rate. Look around ...Reguardless of what Bernake and some have said ...Gold and Silver will become more than just...Metals. USD stays on target as it takes the day off. Homes and Money being GIVEN to CITIZENS ( You will read about it soon) ...Oh so much more than HCL. But of course...The Budget...It's full of Stars. Indeed ...15th...21st...22nd...Is to pay attention to.
3-9-2013 Newshound Guru Tlar The second most important tool is a free press. Although Maliki has been able to ignor accusations of corruption, at least it is being reported. Maliki has been unable to stop the presses or the demonstrations up to this point. In other words Maliki has been unable to completely consolidate power. This is a failing in his attempt to become a dictator because these two tools are extremely important to accomplish this. This is the chink in Maliki's armor. The Kurds are smart guys. They will bitch and moan and they will always try to push their agenda through. But remember this, Barzini has said multiple times that he would never pull away from Iraq, while occasionally trying to use this as a vailed threat to further his agenda. There are many more problems for Barzini if he were to try to pull away from the new Iraq, then if he stayed. [post 2 of 2]
3-9-2013 Newshound Guru Tlar Article: "Maliki: National Alliance will continue to adopt laws by majority political" although nobody can accurately predict the future, I don't believe the Kurds will go against or pull away from Iraq. The 3 sects unfortunately are tied together and as they jockey for position one thing has become clear. The people have a voice in their government. The one thing about democracy that stands out is that the people of Iraq have effectively learned to demonstrate and protest. This is a primary tool of democracy. It mostly does not exist in totalitarian systems because the governments can't tolerate this tool. Either the people protesting are slaughtered or there is a complete rebellion as in Syria. The shear fact that tool is being used, gives me great hope that their is a future for Iraq's fledgling democracy. [post 1 of 2....stay tuned]
3-9-2013 Newshound Guru Kaperoni Article: "Member, Committee on the economy warns Iraq's accession to the World Trade Organization in the absence of local product" They make a valid point wanting Iraq to wait until they are "exporters" But under the current situation, IMO, I think allowing Iraq full accession will help them in the transition.
3-9-2013 Intel Guru TerryK SLOW DAY, OTHER THAN THE BUDGET IS PASSED. ALOT OF US ARE LOOKING AT THIS...WEEKEND. THINK ABOUT IT...PASSED BUDGET...HOW CAN THEY DO WHAT THEY WANT TO DO WITH NO VALUED CURRENCY. IN THE PAST I WILL TELL YOU THIS AND IM NOT SPOSE TO TELL U BUT THEY USED GOLD THE LAST TWO YEARS TO LIVE ON, CHINA BUYING MOST OF IT. IT'S TIME, THEY ARE READY. STAY GROUNDED. 3-8-2013 Newshound Guru LoriC This is my favorite article of the day. In my opinion time is up!! The focus has clearly shifted in making the economic development the top priority. "There are no objective reasons to fear of falling value of Iraqi dinar at the current stage because of foreign cash reserves. The power of the Iraqi dinar and monetary value depends on the strength of the country's economy and the extent of recovery sectors generating income and not on auction CBI. Directed oil revenues towards the development of other economic sectors to contribute to strengthening the economy and **RAISE THE VALUE OF THE CURRENCY.**" Now obviously this is not a simple matter but we do see what they are working so hard towards and what the final outcome they aspire to accomplish.
3-8-2013 Newshound Guru Guardian i was going to post something about the IMF and Iraq...here it goes: "The Iraq IMF Standby Arrangement, Second Review ended February 23, 2013, but the extension, which had been requested by the Iraqi authorities, provided them with time to implement the policy measures needed to complete the combined third and fourth reviews under the SBA. The extension did, in particular, provide time for discussions on fiscal policies for the remainder of 2012 and on measures to improve the functioning of the exchange regime." so they are on the combined 3rd and 4th Reviews if i'm reading it right, are currently in the 3rd and 4th... it was only a transition on February 23, 2013, not an end but the END of the Second Review...many thought it was a final ending.
3-8-2013 Intel Guru Bear5642 I do not feel we will see the RV just because they have passed the budget. There is still some unfinished business to take care [of]. I wanted to note 2 people that I feel are spot on; the Wife in the Know and Eagle1... I firmly believe this event will take place and we have seen some progress with Iraq. We need to just relax and know that a lot is hinged on the RV of the IQD and it will be a once in a lifetime event. I know with all of my heart the IQD will revalue.
3-8-2013 Newshound Guru Bondlady look for the major basket of laws we seek to move along quickly now since they have pretty much slashed the "give me what i want or we won't pass the laws quotah system" they used for last 2 years to stop progress. iraq is so slow to get these things but we really have been on total target on it all which i'm very glad about to see what we've said for years finally happen, well I am a happy camper. when parliament comes back...to work on the 19th...they will begin passing the rest of the laws they need to make the budget work...hcl was already agreed and amended. hcl was sent to the house for a vote but they wouldn't do it until the budget was passed and now its passed.
3-8-2013 Intel Guru Frank26 [Frank, are there anything in your studies or cooking that would indicate the RV/RI going past mid year 2013? I am curious because on this journey it seems that over the years there were so many things in hindsight that had to happen.] Let me put it this way...In the last 10 years I have been with the IQD...This is the first year I have seen mandates to lift the value become a reality with the GOI. CBI has been waiting for this progress...Like You and I for such a long time.
3-8-2013 Intel Guru TerryK WE ARE SITTING GOOD. I'M WAITING TO SEE WHAT TONIGHT BRINGS. KEEP IN MIND SOME PERSON DID SPEAK TUESDAY NIGHT AND SO THIS SO CALLED 72 HOURS AFTERWARDS ENDS TONIGHT AROUND 7PM EST SO LET'S SEE WHAT HAPPENS. [You mentioned the dong rate yesterday but nothing about the dinar. If you can, could you give us an idea where you think it is at?] 6.18, 1.19 IS WHAT I'M HEARING.
3-8-2013 Intel Guru OCrush In conclusion the budget is passed...done deal. Parliament has completed there task and now it falls to the ministries. They will complete there audit, pass it to the cabinet, they will approve it and get it published. The Kurds will have there audits but make no mistake this budget is done. We should start seeing the laws that were passed get published. They needed the budget to pass first before they made these laws (infrastructure, trade, banking and so on) official in the Gazette. [post 2 of 2]
3-8-2013 Intel Guru OCrush We were busy this morning reviewing the budget and scanning through Kurdish Media (his end). Now, we see the Kurds are threatening to take and dispute some of the articles in the CG's passed budget. The one thing we noticed, the media is not telling us this will be observed by the Federal court. The passed budget already has provisions put in it for audits...it's all written in the budget law, they just want the Federal Court to supervise and give there approval as a third party. The Kurds want a fair outcome. [post 1 of 2....stay tuned]
3-7-2013 Intel Guru SteveI Ray is working on one of his contacts in the upper levels of the CBI for a few hints. Personally, I feel this will be over maybe this weekend or the first of the week. Just a gut feeling. I am not calling it so lets get that straight now. Just a gut feeling as they are hurting so bad. Another reason, Rays guys said yesterday that no one got their money loaded on there smart cards since March 1st. So, just maybe, we are closer than we think.
3-8-2013 Newshound Guru Breitling Others are saying that the rate is built into the new budget. That is false. There is not a rate built into the budget. They have talked about what rates they are going to hit and what stages they are going to do it. Do we know exactly how they are going to ladder out the currency we have and at what rate. No, we don't. We are on the road to be able to profit from this. Nothing but good news coming out of Iraq. It's all there, it's all public information, you just have to go through all this information and recognize what they did and what they are doing. Then you have to recognize if they are doing it and that's the exciting part, they are actually doing it. It's a beautiful thing.
3-8-2013 Newshound Guru Kaperoni Article quote: "the power of the Iraqi dinar and monetary value depends on the strength of the country's economy and the extent of recovery sectors generating income and not on the auction CBI, he says. Pointed Moussawi to". The value of the Iraqi dinar does not depend on what is sold at auction CBI but value of the dinar lies in the strength of the country's economy all segments of industry, tourism, commercial and agricultural,…” If you read this quote carefully, they are telling everyone...the value of the dinar will rise over time based on the success and strength of the development of economic sectors (industry, tourism, commercial and agricultural). Again confirming the dinar will rise in value over time (float) – not overnight.
3-8-2013 Intel/Newshound Guru Poppy3 What is being said is the leadership of Parliament are going to go forward and do what the people of Iraq are protesting over and demanding with or without Maliki. So, take it for what it's worth. We don't know what the situation is, but it looks like they have taken some kind of steps to move forward. It appears that we are there. It's exciting news, but keep it in perspective. [post 2 of 2] [BGG--Poppy is excited about the news but he is also very cautious about both the veracity and what it truly means for us]
3-8-2013 Intel/Newshound Guru Poppy3 We got great news today, they did pass the budget. I finally confirmed it with the associated press. I appears the Kurds got everything they asked for in the budget and maybe even more. Since they weren't present when this took place, the question was would they try to stop the radification of it. BGG & I talked about it and we didn't think so since they got everything that they were asking for and there doesn't seem to be a dispute about that. [post 1 of 2....stay tuned] 3-7-2013 *** Dinar Guru NEWSFLASH Update *** Several Newshound AND Intel Gurus are reporting the Iraqi 2013 Budget (or at least part of it) has passed parliament! Only one article has surfaced so far, so we'll know for sure shortly. If this is the case, this was a HUGE hurdle, the budget now needs to be ratified...one, two, or three more steps. Fingers crossed they settled way more than just the budget...Stay tuned and we'll keep you posted as all the excitement unfolds!
3-7-2013 Intel Guru TerryK BUDGET IS DONE...SIGNED...CL [CHRISTINE LEGARDE] GAVE SPEECH TUESDAY, HINT HINT...72 HOURS AFTER WE MAY SEE SOMETHING, HINT HINT. I THINK CBI WILL SHOW FIRST TO BE HONEST. HCL HAS BEEN DONE A WHILE AS WELL AS ERBIL. IM HEARING VDN IS OVER 1 RIGHT NOW. I FEEL WE ARE IN A GRAND SPOT RIGHT NOW.
3-7-2013 Intel Guru Frank26 I told you that T [Talabani] is in Iraq and has been there for over a week. T now has 15 days to sign the budget. That would take us up to the 22nd but I want you to know that the day before...on the 21st T will make a big deal out of the Kurds New Year. Once again fascinating. we have taken some positive steps in our investment. Is that our new time frame? Yes.
3-7-2013 Newshound Guru Mountainman Well, the budget passed which is great news where general progress is concerned and they allocated a 17% share to the Kurdistan region but and no RV and we shouldn't be surprised at that at all. The RV was never in the budget but this is a key step for them to move forward. Now the work can begin and the CBI and Finance Committee can move forward with any economic reforms they have planned. Hopefully, the RV/float will be the next priority.
3-7-2013 Intel Guru SteveI [Does Maliki have to sign the budget before it's officially the law?] Yes, that is what we have been told. He will sign it and then to the CBI for official posting of the new rate. [Are we likely to hear anything more about the rate until Saturday or Sunday at the earliest?] Here is my best guess. It is getting late in Iraq, tomorrow and Saturday are holy days, so Sunday they may move things forward and something next week. Could it happen sooner, absolutely, will it, we shall see.
3-7-2013 Intel Guru TerryK WE ARE IN A GOOD SPOT, VERY GOOD. SO NOW WHAT DO U THINK OF THE BUDGET STUFF. ITS BEEN PASSED FOR A WHILE. [What do you make of this: Delta--After CL [Christine Legarde] meeting tomorrow in Jorden, says watch what happens.] JORDAN WILL PLAY A KEY ROLE, WATCH JORDAN NEWS... [Does it have to be printed in the Gazette before it is official?] I HAVE BEEN TOLD THAT. [What do you say about 10-15days to get into the Gazette?] I THINK IT WILL BE VERY VERY SOON. I CANT REALLY GO INTO MANY DETAILS, HOPE U ALL UNDERSTAND.
3-7-2013 Newshound Guru Doc The pressure on Maliki continues. The Kurds tried to squeeze him on the budget and were partially successful. The international community is pressuring by maintaining chapter 7. In fact the people seem to be pressuring him to the point one article said he will announce his resignation. Our opinion here is we will believe that when we see it. Overall the bottom line continues to be the fundamentals to sustain a RV long term are not finished. We do not look for this to happen until Mailiki is neutralized. This will occur only when the politics stop long enough to realize the financial damage not becoming part of the international community will impart. We report, you decide. [post 2 of 2]
3-7-2013 Newshound Guru Doc Most everyone has seen initial reports of the budget being passed. While we are awaiting more confirmations our opinion is it is most likely factual. Based on the report the budget is 138 trillion dinar based on 2.9 million barrels per day at $90 per barrel. The obvious question is what exchange rate was assume. The answer is 1166 and not $3.42 or any other speculated RV rate. The fact is this budget assumes a shortfall in revenue of around 27 trillion dinar which are to be covered by a surplus from last year. The fact that the RV was not exposed in the budget should come to no surprise. First the only way this budget would have been based on a new rate would be for the rate to be released ahead of the budget. Secondly, all is not finished...HCL, chapter 7 etc. are not completed. [post 1 of 2....stay tuned]
3-7-2013 Newshound Guru Adam Montana It's been posted...a few times already, but I was waiting for actual "Suits-on-the-ground" confirmation - i.e. one of my Iraqi connections - to verify it, because translated articles can be misleading sometimes... but I have confirmation that I am comfortable relying on. The budget HAS been approved. No party yet, but this is definitely cause for a "mini" celebration... this means that the Kurds have finalized a very important part of their negotiations and this is VERY relevant to the next step in the HCL. so, fingers crossed things will move quickly!
3-7-2013 Intel Guru SteveI we confirmed this [OCrush's post below] and to add to this, yes the very next step is the budget going to the Minister of Finance. From there it will take up to 10 days to get it officially published in the Gazette. So our question to our guys was "can they move the new rate forward prior to the official publishing in the Gazette"? They believe it can. I can not see this country that is hurting financially to wait yet another 10 days. They could, we shall see. We will continue to work on this step as it will be the next to the last step. You are probably asking, next to the last step? Really, what could ever be next. Cashing in. ...the finish line is now here. I was going to say close, but I can honest say it is HERE!
3-7-2013 Intel Guru OCrush Ok, they added two more articles at the end of the budget (art. 30 and 31). We are at step #30 (article 30) budget will go to the finance ministry and ministry of planning...they do what they do...then they sent it to to iraqs Federal cabinet. Once they approve it we head to article 31, which means to be published in the official Gazette...retroactive date will state Jan 1, 2013.
3-7-2013 Newshound Guru Kaperoni So what I expect in the coming weeks (after the basket of laws pass), is Iraq to honor the IMF Stand-by-Agreement terms (remember that? It expired on Feb 23rd, 2013) buy accepting the benchmarks set forth in that agreement. One of which was to move from the closed “currency board” monetary policy the CBI has been in since 2003, to the new “exchange regime” stated in the SBA. It is my opinion, Iraq will move into a free floating currency regime for a period of time to let the world market dictate the rate of the dinar. No matter what regime Iraq chooses, it will begin to raise the value of the currency. [post 3 of 3]
3-7-2013 Newshound Guru Kaperoni Now, something rather important happened yesterday. What occurred was a series of meetings between the USA and Iraq to active a portion of the Strategic Framework Agreement. Though the SFA was signed months ago, parts of it are implemented in stages. The part that was...now activated or now “in force” is the “Trade and Investment” portion of the SFA. This is significant. This is how we are going to see an increase in the value of the dinar. This portion of the SFA is going to push Iraq into a free market economy, thus making Iraq integrate with the world. And as a result of that effort, the New Iraqi Dinar (NID) will become internationally convertible. [post 2 of 3....stay tuned]
3-7-2013 Newshound Guru Kaperoni First, be assured…there was no RV in the 2013 budget. Parliament has recessed until March 19th. Article quote: “…raising House Speaker Osama Nujaifi session to the 19 of March Current.” So, once again we wait. Over the past several weeks, several articles have surfaced talking about revising the banking law, economic laws, and investment laws. All of which IMO, will be passed in a basket shortly thereafter when Parliament returns. So a best case scenario is at the end of March these laws are passed. [post 1 of 3....stay tuned]
3-7-2013 Intel Guru SteveI Everything is approved and all blocs approved the budget but Kurdish blocs were absent, however, all of their provisions were met in the previous articles before article 12. This is final. Ray and I have talked many times this morning and to our contacts, and it is official period.
3-7-2013 Intel Guru Delta URGENT URGENT URGENT IRAQI PARLIAMENT APPROVE THE BUDGET. [ IYO, do you think that there is a chance that you will see a rate tonight? (This morning for you)?] REMEMBER NO ONE KNOWS THE DATE AND THE RATE...BUT IMO WILL NOT SEE THE RATE TODAY. AFTER THE IMPORTANT MEETING IN JORDAN WITH THE IMF THEN.....TA.....DA.
3-7-2013 Intel/Newshound Guru Poppy3 I am getting many emails and text today that the budget has passed in some form . BUYER BEWARE AT THIS POINT. several have sent me the same article and as of yet there is no confirmation on this end. just one statement made. time will tell. Also there has been mention only one portion of the budget was passed and that only means they have agreed to that one portion so don't get overly confident at this point. I expect we will get more confirmation within the next 24 hours and know the facts. It is exciting to hear just don't jump in with both feet.
3-7-2013 Newshound/Intel Guru BGG I do believe the budget has passed and Parliament has recessed until the 19th (for now)...Kaperoni woke me up all excited!! the budget was passed - the budget was passed...and yes - it was passed...however, there is more to do before it is fully in effect - Gazette, etc, etc...Firstly - I suspect they have to handle their Maliki problem before too much more progress is made...as soon as M is dealt with = BINGO.
3-7-2013 Intel Guru SteveI We are pleased to announce that the vote on the Iraqi 2013 budget has passed in parliament. Now that this hurdle is done, the next step is to activate the new Iraq currency rate. This will and should move along quite quickly as many country projects are depending on this 2013 budget to be opened. I am very happy that this is about over and all of you can start your new lives in the near future.
3-7-2013 Intel Guru Wife in the Know The Budget voting keeps getting postponed because They (GOI through the direction of the UN) are going to time or stage the event to coincide with the release of their new currency and its "new" rate of $3.42. This will happen any day now, they know they can not keep kicking the can down the road for very much longer. Trust me, the budget voting is nothing more then a formality at this point. As I have said before, the terms in the Budget, HCL, Erbil and Chapter 7 type of issues are agreed upon and none factors anymore. The agreements will all come out publicly afterwards. Given the fact that they keep saying the budget vote will be delayed again for another day or so for whatever reason they give, is a great sign that they are very close to finally doing this.
3-7-2013 Newshound Guru Adam Montana [do you think that Talabani coming back has to do with the delay of the vote on the budget?] No, the delay on the budget is simply that the Kurds want more of the oil revenues. They are simply negotiating. If you've ever negotiated anything with someone from the middle east, you know that negotiations are FIERCE and they are very shrewd...they will come to an agreement soon(ly), but not until both sides are sure the other will not give another penny. They are close.
3-7-2013 Newshound/Intel BGG One of our Mods had the most well thought out rate equations all drawn out. It ended up at a rate of $3.91. My initial reaction is it's a little high, but not impossible. After looking at her equation, it's very similar to the one Randy Koonce used to come up with his idea on the rate. It made perfect sense to me although I'm not a rate person. A lot of people are a little unsteady as to the way things are going. I am not. As a matter of fact as the days go on I'm pretty satisfied. As I look back I see a lot of real interesting news that points in the right direction. We are waiting for things to unfold & to me we are right on track. It's been quiet for the last couple of days, but between now and Friday should be very interesting times.
3-7-2013 Intel/Newshound Guru Poppy3 NOTHING WILL HAPPEN TILL MALIKI IS UNDER CONTROL AND THE CBI HAS A ACCEPTABLE MANAGER. THE NEWS IS GETTING MUCH BETTER FOR ALL OF US...AND THINGS WILL HIT A POINT IN THE NEAR FUTURE, THINGS WILL MOVE VERY FAST. 3-6-2013 Newshound Guru Adam Montana [What do you think about the new smart cards that are coming out? Do you think Iraq will use USA money or Dinar money on these cards?] smart cards represent quite a few things - one of which is the amazing progress the banking in Iraq has and is continuing to make...does this mean "RV tomorrow"? No, but without this technology I don't believe an RV would be possible...so it is a positive thing.
3-6-2013 Newshound Guru L.J. WE WILL HEAR THAT THE BUDGET WILL BYPASS THE KURDISH ISSUE AND VOTE WILL GO FORWARD ON THE BUDGET. I HIGHLY DOUBT THIS WILL OCCUR. THEY HAVE THE FRIDAY PROTESTS LOOMING AND I BELIEVE FEAR IS SETTING IN ON THE PART OF MALIKI AND CREW, SO THE PRESSURE COOKER IS ON HIGH. THERE HAS BEEN, TO DATE AND HOUR, NO AGREEMENT ON THE BUDGET.
3-6-2013 Intel Guru Blaino we find that a certain bank, foreign, may have been the problem yesterday..."they" are working on IT... not a bank in the sand box...NO..."europe" is the closest i'll say...their "big boss" stepped down recently...Much concern about their dealings of LATE... [wonder if they can just be bypassed and not participate until ready if ever?] bypass "not" an option... With "this BANK"... World wide repercussions.
3-6-2013 Intel Guru Frank26 The rate is not going to be 1 - 1. It might have been that last year, but it's gone past that now. IMO, when Kurdistan passed their budget, they knew what the rate was. Last week I said, "for the very first time in 6 years oil contracts are all being paid in full". Now do you understand? This is huge. Kurdistan wanted these companies to be paid. Why hadn't these companies accepted payment? Would you want payment at 1160? These companies know what is going to happen. They are paying the bill and at a very good price. [post 2 of 2]
3-6-2013 Intel Guru Frank26 As disappointed as I am that we haven't seen the budget, I'm excited about everything else we are seeing. Barazani is becoming quit an influential factor in our investment, quite an influential leader. On Iraqi TV it was supposedly said that he was going to take the initiative to deal with the crisis. [post 1 of 2....stay tuned]
3-6-2013 Newshound Guru Adam Montana [It has been stated...(opinion?) by some, that Chapter VII is not necessary for RV to take place. Your opinion please?] It is definitely possible for the RV to happen BEFORE Chapter 7, but if it does we can expect to see Chapter 7 lifted IMMEDIATELY afterwards... not the normal "soon" we get out of Iraq, but "immediately" as in the following or even same day. [post 2 of 2]
3-6-2013 Newshound Guru Adam Montana A lot of our friendly nay-sayers...love to try to claim that Chapter 7 is already lifted. I usually respond with something like "yes, but there are still a few remaining points on Chapter 7... it is not COMPLETELY lifted yet." And that has been verified in several different articles that have came out in the last couple weeks...recent articles are very positive about a COMPLETE removal of Chapter 7 in the very near future. [post 1 of 2....stay tuned]
3-6-2013 Intel Guru Blaino standby for news and updates!!! here is the basics of what is happening...in the past, if you wanted to examine the iqd on say, netdania, you had to 'enter' it onto the charts and then you could see all the relevant information, the bid, the ask, the rise or fall, and so ON...now HOWEVER...when you open a page THERE...The iqd is listed now just as the british pound sterling, the japanese yen, the austrailian dollar, etc...these are known as the majors...ALSO...gold and silver is showing as a currency and 'pairing' with currencies. we think it's the ust master board feed dropping IN. i spoke to someone that has the same level currency info as banks GET and he was able to pull it up as WELL.
3-6-2013 Newshound Guru Adam Montana [do you personally believe that the rate is in this budget?] nope, I do not. There is no way they could have been working on something like that, on a budget that is supposed to be public any day now, and be hiding something as big as the RV. That kind of change is going to be released as a surprise to almost everyone involved, and they will be scrambling to adjust for it. Again, this is why so many things had to happen before an RV would be possible... such as high tech banking systems. [post 2 of 2]
3-6-2013 Newshound Guru Adam Montana They just announced that the vote on the budget will NOT happen today, it has been pushed to tomorrow. Most of us won't be too surprised by that, so that's not really "news" I guess. It's like fishing...we keep getting nibbles, but we have yet to reel in the big one. If you fish, you know you don't just go home after the first nibble fails to land a catch...so we are still here. I should mention that YET AGAIN the budget issues are pretty much all about oil...fingers crossed that they get that budget done tomorrow, but my gut tells me it won't happen until the end of the week or the beginning of the week. The question, as always... Which week? [post 1 of 2...stay tuned]
3-6-2013 Newshound/Intel Guru BGG Article: "Nujaifi: deferred questioning Maliki and the government intervene in the work of the “parliament”" This is THE ARTICLE OF THE WEEK!! This isn’t saying that Maliki is guaranteed to undergo questioning in parliament. However, Parliament is getting tired of Maliki interfering in their role. They are obviously talking over the prospect of removing Maliki. As I pointed out last Friday – they have even picked the MP who will handle the duty of the actual questioning.
3-6-2013 Intel Guru Blaino intel is still percolating...We may yet have some action in the hours leading into the early afternoon tomorrow [Wednesday?]. Hang in there all!
3-6-2013 Intel Guru Winalot The leader [IQD] and the follower [VND] appeared today [Tuesday] on the bank screens with a buy/sell rate and they are waiting for some other type of code to be able to purchase it from us. Other than that I think we are about to wrap this little booger up. Forex screens are obviously not showing this yet. I am confused on how this is going to show up publicly and when. Got notices 3 times of change coming from the big boys. No rates were given and no effective dates, but just to expect currency revaluations to be coming down the line. The most interesting thing today is everything is coming together at the same time. Treasury regulations were out today, the screens showing rates, it's all lining up to pop.
Read more: http://www.dinarguru.com/index.html#ixzz2NGrcrCQK
3-5-2013 Intel Guru SteveI [This must be driving your contacts crazy too. If they are watching this budget stuff first hand, they must want to slap somebody till a vote falls out.] For some strange reason, I feel a bit better about tomorrow and so do our contacts. Remember, the Kurds have promised over a dozen time they would vote and did just the opposite, so I am hopeful that this one will fly. Something just feels different and I cannot put my finger on it.
3-5-2013 Intel Guru Blaino SO, REE-LAXXXXXX.... PUH LEEZZZZEEEEE YOU HAVE WEATHERED THE STORM, MADE IT THROUGHT THE DARK NIGHT, PASSED THE RAPIDS AND SO ON...WE NEED A TIME NOW OF QUIET REFLECTION AND SHALLOW BREATHING...SOME INTROSPECTION, SOME PAUSE...SO "IT" CAN REVEAL ITSELF TO US! [post 3 of 3]
3-5-2013 Intel Guru Blaino I HAVE TALKED TO: WELLS FARGO-EVERYWHERE, THE FOREX PEOPLE IN THE BIG APPLE, CALIFORNIA, OKLAHOMA, ARIZONA... I'VE BEEN (BY PHONE) TO BAGHDAD, PARIS, F-L-A...., TALKED TO ALL FROM MS. A TO MR. XYZ...AND LOOKED IN EVERY TREE...SHAKEN ALL THE BOOKS AND LOOKED IN ALL THE NOOKS...AND AFTER ALL THAT ENERGY...ALL THAT CHATTER, ALL THAT POKI NG, PRODDING, BEGGING, STEALING AND POCKETS TURNED INSIDE OUT...I CAN TELL YOU ALL THAT::::::::::::::"IT'S ALL GOOD!" [post 2 of 3....stay tuned]
3-5-2013 Intel Guru Blaino I HAVE BEEN GETTING DRIBS AND DRABS ALL DAY AND NONE OF IT... NONE HAS LED ME TO BELIEVE WE ARE NOT ON THE THRESHOLD...CAN I GIVE YOU THE MOMENT AND THE HOUR OF THE DELIVERANCE? NOPE! JUST KNOW THAT WE ARE CLOSE ENOUGH TO NOT HAVE TO WORRY, SO R E L A X A LITTLE, PLEASE! [post 1 of 3....stay tuned]
3-5-2013 Intel Guru SteveI I totally agree with these [OCrush's] statements. We are almost done.
3-5-2013 Intel Guru OCrush Barzani has been pushing his initiative all of last week and is continuing to do so this week. There is much more happening besides the budget. Debt is being paid to foreign countries and the dfi protection expires, I believe in May. This truly is incredible. We have never seen so much activity concerning these matters. We now believe the budget will go forward when the GOI has completed there task incorporating everything. This is all very positive and we think its just a matter of time (short). Cheers All:)) PS: It really is all positive news despite the fact the budget has not passed (yet:) [post 2 of 2]
3-5-2013 Intel Guru OCrush I spoke to my cousin. He believes the erbil agreement and hcl have been passed. When this happened he does not know. What he knows is Exxon and a Chinese oil company are discussing a joint agreement on the oil field that Exxon was going to sell ( a percentage). Now, the deputy of oil has proceeded to tell him the oil minister and Maliki are adjusting (or has) this contract to reflect Exxons Kurdish contract. If that is the case the HCL has passed. You see the amended hcl (which the Kurds follow with their contracts) are more lucrative for oil companies and will benefit bagdad to bring in higher investments from the existing oil companies and new bidders. [post 1 of 2....stay tuned]
3-5-2013 Newshound/Intel Guru BGG Article: "Mutlaq denies Karbouli, has been nominated and the Ministry of Finance instead of al-Issawi" This issue with al-Isawi did nothing but fan the flames further – Maliki is convinced if he keeps up the pressure on his opponents – they will give up. This has not been the case…the Iraqi people have been very slow to anger, but I don’t see them just giving up now. This is only going to keep coming until he does something right.
3-5-2013 Newshound Guru SWFloridaGuy Members don't bother to show because they know they have yet to reach an agreement and there will not be a vote. This cannot continue indefinitely though and I don't see it dragging on much longer. I believe that eventually international pressure and support will lead to a breakthrough with the budget/Article 140/HCL and help to overcome the remaining obstacles between the Federal government and the Kurdistan region. They must resolve these disputes in order to encourage foreign investors/corporations who also fund Iraq's growth. The elections are also coming up and progress must be made by parties who will be looking to garner support in the near future. [post 2 of 2]
3-5-2013 Newshound Guru SWFloridaGuy Parliament once again postponed the vote for lack of quorum. Most likely because there are still some ongoing meetings and negotiations. Attendance is a huge problem in parliament, which is why they instituted a penalty system. The parliamentary bylaws say that the parliamentary presidency can issue a written warning to deputies that are absent 5 times in a row or 10 times during the course of the legislative year. But with such an important items being addressed (Budget, Article 140, HCL etc.), most likely the lack of quorum is a result of ongoing meetings and negotiations. [post 1 of 2....stay tuned]
3-5-2013 Newshound Guru Tlar The thing that stands out to me is not the bickering but the steadfastness of the blocks that are all still working hard to see the conclusion of the budget along with Nujaif, the POP. We all know Iraq takes a long time to accomplish anything because of the 3 sects. This particular problem though is mystifying to me. They are close on this budget. If the central government will just do as they promised to do a month ago and fund the oil companies operating in Kurdistan, I believe we will see the conclusion to the budget immediately.
3-5-2013 Intel Guru Wife in the Know Okay, stability in the newly established Iraqi government will never be what the western world expects, given the fact that they are working together at all is huge at this point in their infancy as a dictator free country. The SBA and that you have referred to is just another spoke in the wheel of timing the release of the revalue that is now the only issue. I am eager awaiting the release, which will be soon. [post 2 of 2]
3-5-2013 Intel Guru Wife in the Know Erbil Agreement is completed and already understood by all blocs...there is no possible way they could be this far along in terms of the budget (which is finalized) if percentage amounts were a constant bickering point as articles and intel providers suggest. The HCL is also complete and agreed upon by all those involved. As far as the National Meeting, it is what you would call a buffer or a framed time scenario that is only in place to help strategically manipulate the thinking of anyone paying attention. Again, the Middle East is all about secrecy, just as most governments function. ...how many times have you been told something regarding this investment that has never materialized, the reason for that is much of what is being published and relayed is false. [post 1 of 2....stay tuned]
3-5-2013 Intel Guru Blaino the next few hours, whether divided into a day or so or somewhat more than that "ought to see us complete" in most respects, to spell out the few details that we have along that way would serve no purpose and .... "will slow down the process" as they say. Actually, these few details are less important to disclose than to allow to complete... So, we'll do that! i wish that like an old friend, some time ago, i could give you "the rate, the date and the TIME!"...Alas, i cannot! But see around you the signs, as big as texas, that we are at the end!
3-5-2013 Intel Guru Frank26 There is progress. This Iraqi dinar is going to go up in value and we are constantly proving it to you and showing it to you. Are we going to see it tomorrow [Tuesday]? I feel really good about it. And, if we don't, we will hear the same garbage...we just didn't have enough people show up or we are debating this & that & will do it next week. We don't care about the budget, we want the rate that goes in the 2013 budget. In my opinion, they have passed the budget and they are debating the rate. Do you think the HCL is done and in the budget? Yes I do. Everything is perfect. They are still waiting for the approval of the rate. [post 2 of 2]
3-5-2013 Intel Guru Frank26 I want to apologize for giving information that in February we felt very positive the 2013 budget would be released in the month of February and we were positive that a new rate was in it. Please accept my apology, I will never do that again. I messed up big time. Because of the activities, we really thought that we would see the budget in February. Once again I said we would not see it on Monday, it would be Tuesday, but if we do not see it, I will not do that again. We will continue to go on time frames. [post 1 of 2....stay tuned] 3-4-2013 Newshound/Intel Guru Bluedog I did read one article...Iraq going over the application and qualifications to the WTO. now, for suring up chp 7, they did make a deal with oil to pay there debts to them just to get there vote at the UN...with Egypt, Egypt in Iraq today settling things. very much looking forward to waking up to a Rate...hows everyone feel about tomorrow morn...you might see from 2am on eastern but they are slow over there...if we do not see a Rate then check the CBI in morn...Im putting my heart into this one...but if for some reason it does not back on my feet trusting in who told me.
3-4-2013 Intel Guru Bluwolf We have been waiting for this rv since Sept. 2009...As the flow of things to come into play is in the silent mode it does not mean that it is not in motion for it definitely is and all I am waiting on is on the GO. For the email is just a thought away.
3-4-2013 Intel Guru Footforward The budget was done a long time ago and is the same as any other budget with the exception that Iraq no longer has the Standby Agreement in place to allow them to borrow money to pay off their debts and obligations. All has been put into place. The Iraqi government is not as dysfunctional as people would leave you to believe. Maliki is not the issue, Shabibi is not the issue, the political process in Iraq is not the issue. They have been ready to go for almost 2 years now. [post 2 of 2]
3-4-2013 Intel Guru Footforward My last time frame came and went and didn't have an RV. I have no problem admitting when I am wrong. In spite of the fact that my time frame can and went, I am still not discouraged in the least. The information that has come in has been exceptional. I have heard everything thing I would want to hear from the places I would want to hear it. The information has been that good. What I have been told in the last week has been very good, I am very encouraged. I wish I could share but people will just have to take my word for it. If I had a list of who I would like to hear from where, that list has pretty much been fulfilled this week. So, the information has been really really good. [post 1 of 2....stay tuned]
3-4-2013 Newshound Guru Tlar The IMF got in touch with Turki almost immediately following the removal of Shabibi. Maliki thought he had hired a yes man and Turki was his guy. He actually may have been day one when he took office but that changed. Even if he was, something or someone made him change his mind. He juiced the auctions and declared the CBI's independence. He went against Maliki and therefore he had to go. Unless parliament steps up to support the independence of the bank I'm afraid history will again repeat itself. New guy chosen. IMF gets his ear on what's best for Iraq. Maliki unconstitutionally oversteps his boundary. New guy is fired. This will continue to play itself out out until Maliki is gone or parliament steps up. The only thing that can break the chain is parliament. [post 2 of 2]
3-4-2013 Newshound Guru Tlar Article quote: "In the past few days, popularized news that the Government ended the mandated central bank governor Agency Abdul Basit Turki and it is about to assign someone else" Turki's fate IMHO was determined early on when he went against Maliki. Within his first month in office he stated to parliament, "I answer only to you". He then before the end of his first month started to reactivate the auctions having come close to shutting them down when he first took office. Remember Shabibi was removed because of the auctions and had arrest warrants issued against him. [post 1 of 2....stay tuned]
3-4-2013 Newshound Guru L.J. I HAVE CONTINUOUSLY SAID MALIKI IS GIVING MONEY TO IRAN…ONE OF TODAY’S NEWS HEADLINES READS: “Iraqi sources said that Iraqi Prime Minister Nuri al-Maliki stole $ 80 billion of Iraqi gold, and give some to Iran.” IRAN DOESN’T GET ALL OF MALIKI’S MONEY BUT HE DOES SUBSIDIZE THEM AND IS SUPPORTING THEIR NUCLEAR PROLIFERATION. [post 2 of 2]
3-4-2013 Newshound Guru L.J. THE IRAQI LIST IS MEETING...TO DETERMINE IF MORE OF THEIR MINISTERS ARE TO RESIGN FROM MALIKI’S GOV’T. STATE LAW SAYS THIS IS POLITICAL POSTURING AS THE PROVINCIAL ELECTIONS ARE NEAR; THAT THE MOVE IS TO CREATE AN ADVANTAGE FOR THE PARLIAMENTARIANS. DAMLUJI SAID SOME MEMBERS OF THE HOUSE WOULD RATHER SHOW THEIR ALLEGIANCE TO THE PEOPLE OF IRAQ THAN TO SHOW IT FOR MALIKI, THUS THE RATIONALE BEHIND THE IMPENDING RESIGNATIONS. [post 1 of 2....stay tuned]
3-4-2013 Intel Guru Frank26 I made it CLEAR to all last night to go to sleep...not to look Monday but Tuesday. [If I may ask a question...you stated Saturday, "All oil contracts have/are being paid with IQD"] Do not know the rate...But logic says it is based on an RV not the program rate of 1166. These contracts being paid give us strong balance to our...info. First time in 6 years !!! IMO, It is part of going international. I will learn much more today from all Teams reports... [post 2 of 2]
3-4-2013 Intel Guru Frank26 [You have said all along that the Kurds are in charge. This just proves your point.] Yes, TY. But here lays the problem...So many do not hear me...I can not find other ways to express that I do not look for a vote as many do. They have long ago agreed on the componets of the budget. It is the rate they fight over for fair representation...And the Kurds take no Ca Ca about this...As KW waits just like You and I. [post 1 of 2....stay tuned]
3-4-2013 Newshound Guru Mountainman Article quote: "the Central Bank towards enhancing its gold reserves and reduce dependence on the dollar is a positive step and will support the national economy and the Iraqi dinar. And the reports of international organizations, noted that Iraq resorted to storing gold to strengthen reserves of gold and cash reserves of the dollar in order to maintain his property and stability of the Iraqi dinar exchange rate." Iraq has a huge amount of gold reserves and is planning for a future independent of the USD as the global economic crisis continues to get worse. They want to have a strong national currency and are also working on the tariff issue as they apply for WTO membership.
3-4-2013 Intel Guru Delta ...GOT A CALL FROM MY CONTACT INSIDE THE PARLIAMENT THAT THE VOTE SHOULD TAKE PLACE AROUND 1:00 PM IRAQI TIME. IF THEY DON'T PASS IT TODAY... IT WILL BE A BIG MISTAKE.. THERE IS SO MANY ANGRY PEOPLE RIGHT HERE CAMPING AND WAITING...
THEY SAID THEY NEED ANOTHER HOUR...WOW THEY ARE WORKING HARD. NO NEWS YET!!
3-4-2013 Intel Guru Frank26 In 2002 the IQD was 3.22...2008 MoP/MoF told GOI 1.18 was not going to do it for the budget so they turned in 3.2108 and told them to add 20% more to it via delays...Making it 3.86 that needs 10% more IMO due to further M's selfishness ... Making it 4.25 today and tomorrows to come. This was an RI that has blossomed into an RV. I think. IMO, Tuesday may be our last day of un-masking. Or more valuable info for us all. [you have said in the past "In the still of the night"] Those words came up twice on some long phone calls today. IMO, Between 2 am est to 4 am est...CBI site.
3-4-2013 Newshound/Intel Guru BGG Article: "MP: There is no agreement to pass the budget tomorrow. [Monday]" I wouldn’t get panicked just yet…let the tend (in info) develop. Like I always say…On the other hand, I kind of doubt it gets done – but it won’t surprise me either way? I suspect it gets delayed until there is at least some final decision about Maliki (which could come at any minute). Which is far more important than the budget at the moment…
3-3-2013 Newshound Guru L.J. U.S. DECIDES TO KEEP IRAQ UNDER CHAPTER 7…SO MUCH FOR NEWS SAYING KUWAIT IS COMING TO IRAQ TO EASE CHAPTER 7 FOR RELEASE. KURDS AGAIN, WILL NOT VOTE ON THE BUDGET IF IT DOES NOT CONTAIN THEIR CONDITIONS. STATE LAW SAYS THEY HAVE A MECHANISM TO VOTE ON THE MAJORITY OF THE FEDERAL BUDGET…AGAIN A PIECE MEAL VOTE WILL MORE THAN LIKELY NOT PASS BUT WE WILL WATCH TOMORROW. AT 5:59 PM BAGHDAD TIME STATE LAW’S KANANI CONFIRMED THAT “NO” AGREEMENT TO PASS THE BUDGET TOMORROW. HE HOPES THEY VOTE ON IT BY USING VARIOUS OPTIONS, AGAIN DOUBTFUL…BUT WE WILL WATCH. [post 2 of 2]
3-3-2013 Newshound Guru L.J. NATIONAL ALLIANCE WANTS TO VOTE ON THE BUDGET AS IS…PIECE MEAL…THEY ARE ASKING PARLIAMENT TO VOTE ON WHAT CAN BE PASSED AND DETERMINE THINGS LIKE - KURDISTAN’S MANDATE TO PAY THE OIL COMPANIES IN FULL – FOR A LATER DATE. KURDISTAN REJECTS AS THE DO NOT TRUST MALIKI AS HE HAS FAILED TO COMPLY WITH PAST PROMISES. IN ABOUT 12 HOURS WE WILL SEE WHAT THEY DO REGARDING THE BUDGET. [post 1 of 2....stay tuned]
3-3-2013 Intel Guru Frank26 If this budget fails us once again and we do not see a rate in it by Tuesday?...or let's say by the end of the week...I still will not give up hope. There are just too many bridges that have been successfully and miraculously built with Kuwait, the government of Kurdistan, investors, world banks technology, ISX international advancements along with a slue of other powerful reasons why this budget cannot fail so many!!! This monetary reform is for the citizens of Iraq for many reasons not just monetary value. So, be strong and then be ever so stronger with whatever results come about from now until the end of this week concerning the 2013 budget and its phantom rate. [post 2 of 2]
3-3-2013 Intel Guru Frank26 I feel we are in the Omega of our investment...It's been quite a journey and I pray with all my heart that this budget which they will vote on tomorrow will reveal to us what Shabibi has prepared for it. A new value that returns the Citizen's buying power as it used to be in the 80's and 90's. It is going to be a historical budget...IMO requiring a historical rate and not the program rate that they have been using to limp along with for over a decade now. [post 1 of 2....stay tuned]
3-3-2013 Intel Guru Blaino So, as the "dye-nahr" settles into it's new role as a leading currency in a brave (mebby) new (possibly) world of possibilities, we remain attentive and expectant for our intel to develop and perform as specified! Banks are prepared, we are ready (we think!) and the dinar is way OVERDUE...Rate expectations are holding as far as we can tell on a sunday afternoon and updates will be looked at closely as they develop and get reported.
3-3-2013 Newshound/Intel Guru BGG Iraqi sources: Nouri al-Maliki “stole” $80 billion. If this turns out to be true – and I suspect it is. Al-Maliki will really have made some important people very angry. For instance… 1) The Iraqi people. 2) The UN for helping Iran evade sanctions and trying to buy his way out of these demonstrations. 3) Whoever is behind the CBI – which is supposed to be independent entity much like our Fed Reserve (a privately held Corp). He essentially stole this gold from them. 4) The US for aiding an enemy of peace in the Middle East (and a potential nuclear power). 5) Most of the other Arab countries for reason number 4 – only more so.
3-3-2013 Newshound Guru Tlar Maliki is a crook for sure but I think this article saying he has stolen 80 billion worth of Iraqi gold and given some to Iran is pure crud. He for sure has tried to help his "home land" Iran, and has been successful in many ways in doing so. Stealing 80 billion in gold from Iraq is not one of them if the articles we have seen up to now are to be believed. I notice nobody is taking claim to this accusation. Its the way of the Iraqi's. Start a rumor based on half truths to support a particular agenda. Oh, and his days ARE numbered. December 31st is the final backstop if all else fails. [post 2 of 2]
3-3-2013 Newshound Guru Tlar Article: "Mareb press: Iraqi sources: Nouri al-Maliki "stole" gone b $ 80 billion" Iraq's currency reserves 70 billion are being held for safe keeping in New York by the Federal Reserve at the request of the US government. Iraq has some gold but not 80 billion dollars worth. They never have had that much gold. At last count they had approximately 1.5 billion dollars worth or there abouts in gold having just liquidated 33% of their holdings. This is a wild accusation. [post 1 of 2....stay tuned]
3-3-2013 Newshound/Intel Guru BGG [are we still thinkin within this month?] I haven't changed my mind - if that's what you are asking. What I said was - very plainly - a couple of weeks ago... it was my humble opinion that depending upon whether Maliki chose to make good on his end - and if he didn't (which I fully expect from him)...how aggressively they move against him - we could be 30-45 days away from an RV. The clock started ticking on that comment a couple of weeks ago...generally, I believe this to be an accurate portrayal (at this point)...and I might even add I get the sense they intend to move on him in a most aggressive fashion - so I think we're good.
3-3-2013 Intel Guru Blaino We "have" to be CLOSE...All the signs and intel say SO...Banks say we are good to go in their opinion.
3-3-2013 Intel Guru SteveI Great news. Yes, the budget is now in parts with several addendums or additions. They will vote only on the general budget and pass it, then they will if they have time start voting on the other. If it does not get done, they will continue voting on them at a later date. I also found out that the rate is a bit higher because it is not based on $95 per barrel of oil. Huge news if you ask me. [see SteveI post from 2-7-2013 for his rate info]
3-3-2013 Newshound/Intel Guru BGG Article: "Urgent….Finance Minister announces his resignation before demonstrators" This is just al-Isawi taking a “last-minute” poke at Maliki (and grabbing some political clout at the same time). Maliki has been “hot-and-bothered” to arrest al-Isawi for some time now. That is his MO. Arrest the highest ranking (and most dangerous) political opponent you can. Smear and destroy them – or force them into exile. Same Maliki routine…But you have to wonder what al-Isawi knows that he is gambling his whole future on this more – at this moment?? Pretty bold move – if you ask me.
3-3-2013 Intel Guru cgmom70 the lower denoms was out yesterday...for iraq...we are very close like on the edge.
3-3-2013 Intel Guru Delta URGENT FROM IRAQIA TV: HIGH EXPECTATION TO PASS THE BUDGET ON MONDAY. IRAQI CITIZENS ARE CAMPING NEXT TO THE PARLIAMENT UNTIL THEY PASS THE BUDGET. ON MONDAY WE HAVE A FULL TEAM WATCHING THE PARLIAMENT.
3-3-2013 Intel Guru cgmom70 [new guru] found about the budget tonight...they did the budget tonight not monday...the agreed amount was 3.48...when i do not know and will not say...if its sunday or monday or tuesday i don't know that and i wont say or speculate...we know the rate we need a date...thats where we are right now
3-3-2013 Newshound/Intel Guru Flashing don't pay attention to anything negative because everything is great. rumors are great about this weekend but still rumors...iraq is not the decision maker, usa and uk in charge of this. imo, everything is great and moving forward. it is coming and imo should happen soon and before the release of the dfi immunity. 3-2-2013 Newshound/Intel Guru BGG Article: "Knesset Finance: budget 2013 will be the new currency after deleting three zeros" Though this is a very interesting article and would appear to infer “the rate is in the budget” – I am somewhat skeptical. This piece feels a lot like an article from a couple of months ago (though still an entirely valid read)…and more like an OP ED prognostication piece. It does not feel like an absolute “be all end all” bit of info to me.
3-2-2013 Newshound Guru Med THE SUNNI'S ARE GAINING MOMENTUM. THEY ARE NOT SLOWING DOWN AND IT LOOKS LIKE A SHOWDOWN IN BAGHDAD EVENTUALLY. NOW LEADERS IN IRAQ ARE ASKING FOR MALIKI TO RESIGN NOW WITH SOME DIGNITY CUZ IF HE DOES NOT IT WILL BE WITH HIM KICKING AND SCREAMING AS THEY DRAG HIM OFF TO PRISON BECAUSE IF HE DOES NOT RESIGN AND LEAVE IRAQ HE WILL NOT LIVE OUT HIS LIFE IN THE GREEN ZONE IN A PALACE. [post 2 of 2]
3-2-2013 Newshound Guru Med NOW THERE WAS SOME MAJOR NEWS TODAY AND IT COMES FROM A LOT OF DIRECTIONS. ISAAWI RESIGNED, THAT HURT THEM BAD. THIS COUNTRY NOW HAS NO ONE WITH ANY TYPE OF ECONOMIC MENTALITY AND NOW ALSO JEBARI WHO IS THE FOREIGN MINISTER HE SAID EXACTLY WHAT I SAID. THEY SCREWED UP WITH SHABIBI AND NOW HE SAID THEY WILL SIT IN CHAPTER VII FOR 4 MORE YEARS. [post 1 of 2....stay tuned]
3-2-2013 Intel Guru Delta OK FAMILY THERE WAS AN INTERVIEW THAT TOOK PLACE LAST NIGHT WITH THE GOV. OF THE CBI ON IRAQIA TV "ABDUL BASIT TURKI SAEED" AND HE WAS ASKED ABOUT THE IQD. HE SAID THAT THE IQD WILL BE VERY POWERFUL AND THAT IRAQI PEOPLE WILL HAVE THE POWER OF PURCHASE THAT THEY USED TO HAVE BEFORE. NO DATE OR RATE WAS GIVEN.
3-2-2013 Super Newshound Guru Just Hopin Over the past twelve months several articles have been published (including the article we discuss now) eluding to Iraq’s departure from Chapter VII sanctions....Iraq has been aggressive just in the past six months in trying to find successful steps toward emancipating themselves from UNSC sanctions. Considering this, I personally view Iraq as eager to emerge from Chapter VII and the last thing they would want is to stay in Chapter VII another day. I remind you that Iraq emerging from Chapter VII would be a significant event for Iraq and potentially for the IQD. However there is no certainty Chapter VII is the “magic bullet” needed to make the IQD gain in value. Other items could still need attention such IMF Articles of Agreement IV and XIV, HCL Law, investor laws, etc. [Post 2 of 2]
3-2-2013 Super Newshound Guru Just Hopin [Article: Iraq FM Zebari discusses Iraq and the future of CH VII sanctions: CBI might keep tired under Chapter VII for four more years] Zebari elaborates what issues remain that keep Iraq binded to Chapter VII sanctions. He lists 1) Install land and maritime borders between Iraq and Kuwait, 2) Iraq is required to pay Kuwait 5% of oil revenues [15 Billion Dollars remaining] to Kuwait victims of the invasion, and 3) the discovery of missing Kuwait prisoners of war and Kuwaiti artifacts. [Post 1 of 2]
3-2-2013 Newshound/Intel Guru BGG Article: "Jumaili confirms he will take over the task of questioning in parliament" They are making preparations to remove Maliki…I do not believe once the final decision has been made – this will take long at all…
3-2-2013 Newshound Guru Arthur I WILL NOT CALL A MONDAY RV....I WILL ONLY SAY CONDITIONS ARE FAVORABLE FOR THIS TO HAPPEN ANY DAY NOW.
3-2-2013 Intel Guru Panda Express What we think we are looking at: 1. Rates should show up on Saturday morning...4 confirms. 2. Well Fargo is the bank...5+ confirms. 3. Monday is the exchange date...2 confirms. 4. This weekend exchange...2 confirms. 6. Wells Fargo screens are live again...3 confirms. 7. Codes are loaded at Wells Fargo...2 confirms. In summary: Rates should show up on Saturday morning. We should have banking locations by Sunday at the latest and exchange by Monday at the latest. This thing is so done you can stick a fork in it.
Read more: http://www.dinarguru.com/index.html#ixzz2Mo1O95Fx
3-1-2013 Intel Guru Steve1 Question...."what's your opinion on time of rv? It has been told/rumored that the rv would happen around 3am our time/ eastern time." Answer.... Now, having it be delayed this long it could be very quickly. Remember the Kurds budget was to start Monday and they can not do anything without the Federal Budget opened and disbursed. So, your guess will be just as good as anyone else right now. I will maybe know more after it is approved. I am also being told by another contact that this vote will be a "historic one", so I can safely assume that the media will share right away, especially with protest and other major events scheduled to go off against the government. Could it happen within hours, you bet, will it, maybe, should it, absolutely. Time is now against them not for them, so the faster the move, the quicker peace will be restored and confidence with the citizens. [post 2 of 2]
3-1-2013 Intel Guru Steve1 Question...."what is your opinion on the level of confidence, based on the mood of your contacts, that this vote will in fact take place on Monday (Iraq Monday) assuming nothing crazy happens between now and then." Answer... Our contacts are saying 100%, but they told me that last time and then the unexpected happened at the last minute between Maliki and the Kurds. That shocked many people. Question... "What times the vote on Monday?" Answer... I was told 10 am Monday Iraqi time. [post 1 of 2....stay tuned]
3-1-2013 Intel Guru Blaino all the big financial (international) players are in conference to accomplish this at this hour, no doubt, it's mainly video conferencing..."jack", "christine"...All the major players...
3-1-2013 Intel Guru Okie_Oil_Man DON'T DESPAIR--THINGS ARE STILL VERY IMMENENT--SMALL PROBLEMS LAST NIGHT THAT WAS SETTLED. WE ARE ON VERY HIGH ALERT---
3-1-2013 Intel Guru Blaino more and better confirms hitting NOW.... Hang in THERE...Text #1: reval warning!! The meeting of meetings underway now, rates live on bk screens at last, need "ok" to tellers yet then all good! Text #2: reval warning ii, can't share rates yet, but great numbers! Vnd is incl too.
3-1-2013 Intel Guru SteveI Once it is passed our guys will call us regardless of our time and share the news. With this being said, pray for the best and prepare for the worst. With all of the pressure from citizens, I just cannot see how they will not follow thru this time. Major consequences will follow if they do not. The parliament will be meeting Saturday but they will be voting and passing other laws, just not the 2013 budget. So, this was the huge news I have been waiting for. Now I am excited beyond belief. [post 2 of 2]
3-1-2013 Intel Guru SteveI It brings me great pleasure that we have received word from our contacts in Iraq that the 2013 Federal Budget will be voted on Monday. The reason you are seeing Saturday and some articles are reporting Monday is that the Kurds wanted to do this Saturday but the other blocs wanted to wait until Monday. Go figure. According to our sources, all blocs, and I repeat all blocs, Maliki, Allawi, Kurds, etc. are all on the same page now and all differences have been worked out, therefore as it stands now, the vote is on for Monday (Iraq's Monday not our). [post 1 of 2....stay tuned]
3-1-2013 Newshound Guru Adam Montana The one thing they did NOT lose is their natural resources. While they are working to restabilize their government and society in general, the value of their currency has remained at a low level... in fact, TOO low in many of our opinions. Obviously there is no guarantee that it will ever get back to the previous rate, but I believe it will. That's why I'm here speculating on it. [post 2 of 2]
3-1-2013 Newshound Guru Adam Montana [An article stated that in modern times the biggest overnight RV of a currency was 35% or so. If the dinar RVed to even a .10 rate, that would be an approximate 10,000% increase if my math is right. Would an overnight RV of this magnitude be possible? Plus imagine the chaos at the banks as thousands rushed to cash in. Would it be more likely that the dinar become tradeable at or just higher than the present rate and be allowed to float upwards towards the .10 (or hopefully higher) rate over time?] Of course it is possible. It may be more likely that it would simply grow slowly over time (such as may happen if they raise the rate to 1000:1 later this year as they have mentioned a few times), but it's also important to remember that they LOST the same percentage of value on their currency when Saddam was removed. [post 1 of 2....stay tuned]
3-1-2013 Intel Guru SteveI One of the most powerful articles was "Ahmed Faizullah: the need to draw on the expertise of international banks to support the banking sector". International means only one thing, the CBI is ready to revalue their currency to move this country forward. This is huge folks. Why would any international bank want to deal with Iraq with a currency valued at .00086 to the dollar unless it becomes more valuable and there are business opportunities in it for the banks. [post 2 of 2]
3-1-2013 Intel Guru SteveI I truly believe this time we will see it being passed. God help the GOI if it is not. I am still waiting on a call to see how the meeting went between Maliki and the Kurds over the defense budget. That as the true sticking point, not the oil. Please trust us as we know exactly what is going on in Iraq regarding the process. I hope to bring you some wonderful news in the coming days, hopefully starting with the budget vote passing, and I think things will move so fast that I may have just enough time for the rate notification. [post 1 of 2....stay tuned]
3-1-2013 Intel Guru Blaino We get some of the best info from 1of the big 4 banks, some of the best intel out there & according to a list received, 22 currencies are going to go hot & live & tradeable tomorrow [Friday]. Our 2 favorites are on that list. As long as there are no glitches or delays, we expect to see this. In some regions, they were given notice that they would be working for the next 4 weeks on weekends and all leaves and vacations have been cancelled.
3-1-2013 Intel Guru TerryK A lot of things going on it Iraq. The magical trigger has to be pulled by Christine Legarde making her announcement. She will make her announcement tomorrow [Friday] or Sunday. You won't see a massive RV of all 194 countries. There is the primary 11 and then they will come out in baskets of 30 and will come out 1 or 2 baskets a month. I got verification from my Well Fargo contact that there are codes in the system for the IQD and VND. All they are waiting for is an email from their corporate office to tell them to activate the codes. They are waiting for the IMF to pull the trigger and the UST will contact all the Central Banks and tell them to go ahead with it. It's closer now than it's ever been. The Dong is showing .478 at the bank level, but it is being traded on the investment side at a 1.19 value and are expecting it to go over $2 in 6 months and that's on the investment side of Wells Fargo. They want it to get back to the $2.22 rate.
3-1-2013 Intel Guru Wisdom MY OPTIMISTIC SELF feels that THIS COULD HAPPEN NOW!! I have been on this ride for as long as anyone else, and so I'm not just blowing this into the wind to get a reaction. This is YEARS of watching and waiting, but more so UNDERSTANDING where it is at this point and what the holdups/holdouts are for this to be released. I DO SEE that things are in the works, and for the past couple of weeks...have actually been on edge for kicking this thing off. Iraq is a player in this and MUST have some order to be able to comply with an RV. Are they solely in control, No way in sand! [post 2 of 2]
3-1-2013 Intel Guru Wisdom Does Chapter 7 keep them from revaluing? Well let's put it this way... It's my belief at this point that the RV could definitely help matters with the removal of Ch7 from the country. The instability they are facing now is what's keeping the UN from removing them from CH7 and the sanctions that it imposes on their interaction with the rest of the worlds economies as a stable trading nation and recognized as such. SO I have to say that this COULD DEFINITELY HAPPEN BEFORE we would see them remove CH7 from everything I'm understanding at this point. It is NOT something that is controlled by the UN so it would not be something that would be able to keep it from happening. [post 1 of 2...stay tuned]
3-1-2013 Newshound Guru BGG Article: "Central Bank denies the resignation of the governor from office agency" It appears they are trying to put out the rumor that Turki is (or has) resigning as Gov of the CBI. It would not surprise me – however, let’s wait for a trend to develop in the news first. Secondly – they sound a little desperate. Usually, where there’s smoke – there’s fire. 2-28-2013 Intel Guru Okie_Oil_Man [could the RV still happen tonight/tomorrow if banks are closed in Iraq for their holy day] DON'T MATTER. STILL AWAITING LANDING INSTRUCTIONS AND CLEARANCE AND IF I DON'T GET IT TONIGHT SURELY I WILL HAVE IT BY MORNING.
2-28-2013 Intel Guru Okie_Oil_Man LOT'S OF AIR TRAFFIC TONIGHT BUT I HOPE TO BE LANDING LATE TONIGHT OR TOMORROW MORNING IF TRAFFIC CLEAR'S OUT-----WILL KEEP YOU INFORMED OF LATEST STATUS.
2-28-2013 Intel Guru Frank26 THERE WILL BE NO DUTCH DISEASE, NO LOP, NO FLOAT...FOR THE IQD'S FUTURE. THE RATE SHALL BE SURPRISING. I KNOW YOU LOOK FOR THE BUDGET ON MONDAY. I CAN'T BELIEVE I FEEL 100% SURE THAT WE WILL SEE IT TUESDAY. JACK BE NIMBLE BECAUSE JACK FROST CAN DELAY YET IN THIS CASE...JACK LEW IS QUICK. [post 4 of 4]
2-28-2013 Intel Guru Frank26 DELTA TOLD YOU THEY WILL VOTE ON IT MONDAY. BUT...MAY I TELL YOU THAT THERE IS NO NEED TO VOTE ON PASSING THE BUDGET BUT THERE IS A GREAT NEED TO VOTE ON THE RATE FOR THE 2013 BUDGET. GIVE THE PEOPLE THEIR EQUAL SHARE OF OIL REVENUES...THE HCL NEEDS A RATE APPROVED TO DO THIS. IT WILL NOT TAKE T [TALABANI] OR A BACK UP VP 15 DAYS TO SIGN IN THIS NEW RATE AND APPROVE THE FULL BUDGET. T SAID HE WOULD BE BACK BY THE 10TH. NO, HE'S ALREADY BACK. [post 3 of 4....stay tuned]
2-28-2013 Intel Guru Frank26 BASICALLY THEY SHOULD HAVE SAID WE ARE OUT OF CH7 AND THE UNSC WILL GO THROUGH IT'S FORMALITIES TO ANNOUNCE IT AND WE PREPARE TO ENTER ARTICLE 8 OF THE IMF. WHICH SAYS WE CANNOT USE ANY OTHER CURRENCY IN IRAQ EXCEPT FOR THE IQD. THE MINISTER OF PLANNING HOOKED UP WITH THE WORLD BANK THIS WEEK TO DISCUSS HOW TO PROTECT IRAQ'S MONEY. WHY? WHAT'S THE NEED AT 1166? [post 2 of 4....stay tuned]
2-28-2013 Intel Guru Frank26 WHEN THE SO CALLED INAGURAL FLIGHT FROM IRAQ TO KUWAIT FOR THE FIRST TIME SINCE 1990 ARRIVED YESTERDAY THE KEYS TO IRAQ'S SHACKLES GOT OFF THE PLANE. THE FOREIGN MINISTER OF IRAQ, ZEBARI, DECIDED TO SPILL THE BEANS AS HE WALKED UP TO THE MICROPHONES AND TOLD THE CITIZENS OF KUWAIT AND THEIR GOVERNMENT THAT THEY WERE COMPLETELY OUT OF CH7. WHY THE FALSE START? BECAUSE THAT'S THEIR PATTERN. [post 1 of 4....stay tuned]
2-28-2013 Intel Guru SteveI Here is my answer to the question...about timing: My guess now, day or two at the most. The CBI is ready to disburse the funds and the banks do have the lower currency ready all thru the country. Actually, it could be hours now that things have been delayed. Our sources close to the action is not sure either. Not many people know that, but we do now know the process and who all is involved. We are very lucky to have the contacts that we have. When I wrote the post last Sunday did I not tell you they were going to hold high level meetings this week and then vote the following. Yep, right on track and our guys are spot on again. I love it when a plan comes together. [post 4 of 4]
2-28-2013 Intel Guru SteveI Another thing I like is the fact that they are referencing the budget in the Billions and not Trillions. How they come up with these numbers I am not sure, but I am still holding my ground on the $3.41 number. The $3.41 is coming directly from the office of the OCC and the $3.45 came from a contact close to the parliament. Now another factor is the Biden is discussing and assuring Iraq the Strategic Framework Agreement between the countries. Remember, the SFA call out for a strong currency in the region. Smart cards are returning calling it "Key Card" to be used outside of Iraq. That is huge also. [post 3 of 4....stay tuned]
2-28-2013 Intel Guru SteveI Remember, this the first time in the history of Iraq they actually closed the 2012 and accounted for the surplus and added it to the 2013. Just closing it alone is huge... I have actually never felt better. I have seen major progress and I think that Maliki and the Defense budget is going to be ok. I talked to one [contact] late last night they told me the citizens are starting to get out of control and now demanding results in the passing of the budget. I also know for a fact that the CBI is ready to go at a split second once given the work [word?] to start disbursing the funds. This tells me that the new rate will come very fast once this is approved. [post 2 of 4....stay tuned]
2-28-2013 Intel Guru SteveI For the first time in a while I now am getting some very good news from our contacts and after reading the news today, if there is no vote on Monday, then I foresee some major problems. When I say major, these will not be little ones that will go away. From all the years I have been involved, this is the first budget that has been the focus of attention like nothing before. Therefore this tell me (other than what I already know) the new rate is in the budget and this is huge. [post 1 of 4....stay tuned]
2-28-2013 Intel Guru Okie_Oil_Man IT'S BEEN A VERY LONG FLIGHT---I AM VERY TIRED AND NOT AS QUICK RESPONSIVELY AS I SHOULD BE BUT I STILL THINK I CAN LAND THIS BIRD EVEN THO BLURRED EYED PRAY FOR A EXPEDIENT AND SUCCESSFUL LANDING FOR ME AS SOON AS I LAND THEN I WILL POST "THE POST" WE HAVE BEEN WAITING FOR. I AM SO ACCUSTOMED TO CARRIER LANDINGS, I MAY NEED SOMEONE TO "CALL THE BALL" FOR ME EVEN THO I WILL BE LANDING ON RUNWAY. [post 2 of 2]
2-28-2013 Intel Guru Okie_Oil_Man GOOD EVENING AMERICA, SHIP'S AT SEA AND ALL OUR WORLD WIDE FRIENDS. IT'S HARD TO FLY AND POST AT THE SAME TIME BUT I GUESS THIS IS A FIRST. I HAVE JUST PICKED UP THE OUTER MARKER AND AM REDUCING SPEED AND LETTING LANDING GEAR DOWN. I SHOULD BE LANDING SOON AFTER THE OUTER MARKER IS REACHED AND FIELD IS IN SIGHT. I WILL KEEP YOU INFORMED WHEN TO EXPECT LANDING. THIS IS A VERY ACTIVE FIELD AND MAY ENCOUNTER TRAFFIC AND HAVE TO AWAIT MY TURN TO LAND. I AM RUNNING LOW ON FUEL AND MAY BE GRANTED A PREFERENTIAL LANDING---IT'S ALL IN THE CONTROLLERS HAND'S NOW... I ONLY AWAITING MY TURN TO LAND--SHOULDN'T BE VERY LONG NOW. [post 1 of 2....stay tuned]
2-28-2013 Newshound Guru Arthur Article quote: "Biden expressed his deep commitment of the United States and Permanent toward the United States partnership with Iraq under the Strategic Framework Agreement signed between them" IN LIGHT OF EVERYTHING ELSE WE HAVE SEEN IN THE LAST FEW DAYS, THAT THE UNITED STATES IS RENEWING THESE COMMITMENTS SIGNED IN 2009 AT THIS TIME IS INTERESTING AND NOTEWORTHY. ...THE AUTHORS OF THE PLAN [ARE] USING THE STRATEGIC FRAMEWORK AGREEMENT TO GUIDE IRAQ TO IT'S PROSPEROUS DESTINY, THE IMPLEMENTATIONS OF WHICH MUST INCLUDE A STRONG, INTERNATIONALLY TRADED, REVALUED IRAQI DINAR.
2-28-2013 Newshound Guru SWFloridaGuy Along with the training, submitting a memorandum and additional negotiations they need to also have a convertible currency. The CBI's goal is for the IQD to go international. To do that they need to raise the value. The next step is to pass the budget and the HCL. As usual the timing/mechanism will always be an unknown factor but I do think it's in Iraq's best interest to move ahead with the economic reforms upon completion of those events. I'm optimistic that this coming period will bring us some much needed political/economic stability and reform. [post 2 of 2]
2-28-2013 Newshound Guru SWFloridaGuy There was a very encouraging statement from the Finance Committee calling on the GOI to promote the IQD in investment company dealings to support dedollarization and promote the strengthening of the national currency and economy. They also said "increase its value and enhance confidence." I don't think it's a coincidence that this coincides with senior Iraqi officials receiving intensive training on the multilateral trading system necessary for WTO accession and being instructed on the necessary additional steps to take. [post 1 of 2....stay tuned]
2-28-2013 Intel Guru Delta "URGENT FROM IRAQIA TV: FINANCE COMMITTEE CALLS THE GOV TO FORCE INVESTMENT COMPANIES TO TRADE IN IQD" THE ONLY WAY FOR THOSE COMPANIES TO USE DINAR, IT HAS TO BE TRADABLE...MORE VALUE RV...YOU CAN SAY ARTICLE 8.
2-28-2013 Newshound Guru Mountainman Article quote: "A member of the Committee on Energy and Oil parliamentary Furat al-Shara “The oil and gas law will pass before the middle of this year" Finally some positive news about the HCL. It looks sometime between now and the next few months it will be resolved. It's directly connected to the passing of the budget and should follow shortly after. Everything is falling into place. Most likely in the order of Budget, HCL, RV/RI/Float, Chapter VII then WTO.
2-28-2013 Intel Guru Wisdom GONNA RUN WITH A THOUGHT HERE... dealing with the facts as I know them. SO we're hearing that they WILL be meeting...to pass laws and vote on the 2013 budget. That is a fact. Question is....WILL THE RV be released upon the passing of the 2013 budget or do they need to have the RV to meet their budget as it's being passed for the year to cover all their bills? There is the school of thought that the revaluation is NEEDED to support the budget for 2013 and so would have to happen with the passing of it before it could be a reality for Iraq to be able to meet it's expenses.
2-28-2013 Newshound Guru Arthur Article: "Parliamentary Finance Committee called on the government to impose the Iraqi dinar in the dealings of investment companies operating in the country with a view to supporting and strengthening of the local currency abroad." I DON'T WANT TO GO AS FAR YET AS DECLARE THAT THIS ARTICLE CONSTITUTES THE RV, BUT I WILL SAY THIS IS A STUNNING DEVELOPMENT BY THE FINANCE COMMITTEE OF IRAQ. THEY ARE NOW IMPOSING THAT ALL INVESTMENT INTERNAL AND EXTERNAL BE DONE IN DINAR INSTEAD OF USD. THIS WORDING INTIMATES AN INTERNATIONAL CURRENCY AND A FLOATING IQD FOR IT TO HAVE THE CAPABILITY OF INCREASING IN VALUE BASED ON IT'S OWN COMPETITIVE VALUE THROUGHOUT THE WORLD WHICH SHOULD BE SUBSTANTIAL DUE TO THE VAST WEALTH OF IRAQ.
2-28-2013 Newshound Guru Adam Montana [About 1 1/2 years ago with Shabs at the helm, the CBI adjusted the sell rate from 1170 to 1166...why 4 pips and why then? Why not 3 or 5 or 10 and why then?] The CBI at that time said they did it because that was where the value should be... but those of us that were watching closely at the time know that there was a huge resistance to the move. Many said at the time that there was no reason to do it, that it would not make a difference, and quite honestly... like you said, what is the purpose of such a small move? The purpose was, in my opinion, to show the world that they will move the rate however and whenever they want. The 4 pip move served absolutely no purpose other than just that - to prove that the CBI and only the CBI is in charge of the rate.
2-28-2013 Newshound/Intel Guru Bluedog CBI will not sell USD to the citizens they can only buy 10,000 per month and only one day a week thru state banks and they need a passport now to do that - very difficult to get. Forcing them to revert to Dinar. IMO, this will inflame the people so they must move fast to resolve the New CBI Laws ...RV'ing their currency... =RV.
2-28-2013 Intel Guru Blaino ALL IN THE DINAR WORLD IS MOVING IN OUR DIRECTION...MANY THINGS ARE AFOOT IN THE DINAR WORLD AND ALL THE FOOTSTEPS ARE COMING OUR DIRECTION, CINCH UP YOUR SEATBELTS, I THINK THIS THING IS COMING IN HOT!
2-28-2013 Intel Guru TerryK I JUST GOT A SOURCE CALLING THAT THE BANKS ARE GET CODES TONIGHT TO TELL THEM TO TURN THE CODES ON. WE SHOULD SEE THIS TOMORROW. THIS IS MY WF [WELLS FARGO] SOURCE. HE IS WAITING ON THE EMAIL TO GO. THE EMAIL ONLY WILL COME AFTER CL [CHRISTINE LEGARDE] SPEAKS. [Did you say if and when CL and O will make announcements.] NO, SHE IS, AND THERE WILL NOT BE ANYTHING POSTED ON TIMES OR LOCATION FOR SECURITY REASONS. THEY HAVE BEEN WAITING FOR JACK LEW TO TAKE OFFICE AND THEY SIGNED HIM TODAY. DID YOU ALL KNOW THAT JACK LEW TOOK CARE OF THE KUWAIT RV.
2-28-2013 Intel Guru Wisdom Yes, I do believe we are on "Target" for this to happen... any time from tomorrow on! I do think that there is a "Possibility" from here on that we could see it in any order of ALL the items on the list I'd mentioned being passed, sooner or later, as they line up. I cannot in any way find a logical reason that this could not happen immediately. [post 3 of 3]
2-28-2013 Intel Guru Wisdom Did that happen? Don't think it turned out the way he expected...Shabibi was solid on his demands that ERBIL MUST BE IN PLACE BEFORE THE RV would be allowed to happen. He's not there... has this released that promise? Not sure at this point, it may be that it was a way for Maliki to allow it to be pushed through without having to share the power between the other 2 presidents. Erbil, Article 140, Chapter 7's removal to Article 8, the oil contracts, and a couple of other issues were on that list that I'd said NEEDED to be DONE and agreed upon to get the RV in place and released. Am I sticking by that list at this point. [post 2 of 3....stay tuned]
2-28-2013 Intel Guru Wisdom Does Erbil hold up the RV from taking place? I have to address this question because...there was a check list that I'd stood by of things that I believed needed to be in place before I would EXPECT the RV to show. Erbil was one of them on the top of that list. BUT...That was while Shabibi was in charge and the head of the CBI, now he's not. My thoughts on that are that Maliki deliberately had him removed to get more control over the CBI and thus be able to get more funding for the Iraqi Government from the bank itself. [post 1 of 3....stay tuned]
2-27-2013 Newshound Guru Adam Montana [how can Iraq take the three zeros off the value of the current 250 and 500 dinar bills they currently have. If they did so would that not totally render those billls totally worthless?] You are describing a l0p - removing three 0s from a 250 note would make that note worth .25 and a 500 note would be .50 not worthless, but it doesn't make sense to do that... it serves no purpose, does not benefit Iraq, nor does it make daily transactions any easier. That is one of the reasons I don't buy into the l0p stories - unless they have a good reason to do it, I don't think they will.
2-27-2013 Newshound/Intel Guru Bluedog Maliki has been told to stand aside...we got more on you then you know Ambassador told him...he may not return to Iraq for a while...watch the news coming days. [so we're good to go now for any day?] yes, very good. [looks like the end of the week should be our time...glory] maybe sooner. no announcement...now IMF will send signals but no announcement...just as KUWAIT did no one knew of it.
2-27-2013 Newshound Guru Eagle1 We've been fortunate enough to have some interesting inside contacts within the IMF who've provided us with some intel as they have been freed up to release it. This information has not yet made the financial news, but here is a heads up for all of you on the group of currencies in the first "basket of currencies" out of the 168 scheduled for revaluation or devaluation. Two of the currencies listed are two we've talked about and are very familiar with -- the IQD and the VND. What is interesting about this list is that these two currencies are obviously revaluing either at the same time, or within days of each other. The IQD's revaluation is literally "moments away", if I can put it like that, and the Dong will follow almost immediately thereafter.
2-27-2013 Newshound Guru Adam Montana So let's think this through...what are Iraq's options? How could they possibly settle that debt to Kuwait and move forward as a completely sovereign and free nation? Quite easily, actually - small or big RV, write a check, and the rest is history. Bada bing, bada boom. So that's pretty much all there is to say about the situation - budget is still delayed but once they compromise on the HCL matter it will pass. Chapter 7 is pending, and it is only held up by one matter. And honestly, it's not even that much money. All in all, things are looking good. [post 3 of 3]
2-27-2013 Newshound Guru Adam Montana The other thing to watch for is Chapter 7. Some are not as optimistic as others on this matter, but I believe the bottom line is they are 100% compliant in every way, even with regards to Kuwait. However, Kuwait does not want to let them out from under Chapter 7 until they are 100% guaranteed that they will be repaid what they are owed. you see, if Iraq is let out from under this deal they would then be able to reneg on their agreements, and nothing short of a full blown war could force them to honor their commitment. As things stand right now, Iraq is forced to continue to pay Kuwait, so obviously Kuwait wants it to stay that way. [post 2 of 3....stay tuned]
2-27-2013 Newshound Guru Adam Montana The budget is STILL delayed, the latest report is that they are to vote on Saturday. If you are wondering what the hold up is it's really tied to the HCL and the distribution of funds. The Kurds want more, the rest are putting up a fight. Other than that, they are in agreement on pretty much everything. They will get through their disagreements, and while I don't know if I believe the vote will be successful on Saturday - I would guess we are less than 2 weeks away from the final vote. [post 1 of 3....stay tuned]
2-27-2013 Newshound Guru Mountainman "Iraq, Kuwait agrees to shut down all outstanding issues in order to remove Iraq from Chapter VII; Technical issues will remain. Foreign Minister Zebari said Iraq would emerge completely from Chapter VII “except paragraphs relating to the Kuwaiti side.” It looks like Iraq will finally be out of Chapter VII shortly after the resolution of some technical issues. I doubt the UNSC will release Iraq before they move forward with their economic reforms. So, this is a good sign the RV is close.
2-27-2013 Newshound Guru LoriC I think the Ministry of Finance announcing it's undergoing some major administrative changes in the coming days is a sign that they are doing whatever it takes to get this done. As far as the budget, it's completely agreed upon except for some minor differences related to the amounts of oil companies operating in the Kurdistan region. I believe it will be passed very soon a few days to a week at the most. At that point I see no reason for us not to see our RV.
2-27-2013 Intel/Newshound Guru Poppy3 CHAPTER 7 WILL NOT BE LIFTED TILL AFTER THE RV. THIS WAS STATED TWO YEARS AGO ON THE UNITED NATIONS FLOOR THAT THEY WOULD NEED TO HAVE A TRADEABLE CURRENCY INTERNATIONALLY AND A STABLE COMPLETE GOI TO BE AUTOMATICALLY RELEASED FROM ALL SANCTIONS OF CHAPTER 7. NOW I HAVE NEVER HEARD OR READ ANYTHING DIFFERENT FROM THAT STATEMENT SINCE. GOT TO STAY WITH THAT TILL SOMEONE OFFICIAL SAYS DIFFERENT. [post 1 of 2....stay tuned]
2-27-2013 Intel Guru Frank26 Maliki is neutralized. Is Maliki in charge of the revaluation of the IQD. Heaven's no, but he is in charge of the delay that will not allow the 2013 budget that has the rate in it to be exposed to the world. But, Maliki who has become the enemy to the masses, do you see the masses complaining, arguing, yelling...no. All of a sudden the masses have stopped. Why, because a very high RV is about to occur to the currency and the people know this.
2-27-2013 Newshound/Intel Guru Bluedog O [Obama] and CL [Christine Legarde] just take a sneaky credit for not telling the truth...making you think it was their procedures that brought the world back. they will never say Iraq as they never said Kuwait. it will happen and I hate the word soon but quickly now IMO. TK [TerryK] has been giving you the straight info, just Hackers and terrorist and 2 border countries had to be worked out. the US and IMF have it all figured out, now let the RV out of the box. [post 2 of 2]
2-27-2013 Newshound/Intel Guru Bluedog think about this, do you think for one moment the IMF that has been silent for so long about Iraq would let the 23rd go by and sit idle...you owe us...and how will you pay you know it has to be in Dinar...first payment do soon and now the protestors sit at Parliaments door, not Maliki cause hes on his way out. they want the Budget done NOW. UST was there and finished a lot, done, completed, it was a major step. they are leaving Friday but all settled. they closed off all monies to terrorist and to Iran and Syria ...DONE, needed to be. yes your prize is anytime now. [post 1 of 2....stay tuned]
2-27-2013 Intel Guru TerryK I'M HEARING TOMORROW [WEDNESDAY] WITH A 24/48 HOUR SHOWING, THAT WOULD PUT US RIGHT AT FRIDAY.
2-27-2013 Newshound/Intel Guru Flashing my sources are expecting something between tomorrow and saturday. just rumors. after the recent articles and the one of today we are just in the final countdown. imo, the backwall is real and this needs to happen on or before may. so i am very happy and also like those rumors out there. [see Flashing's post dated 2-26-13 for backwall information]
2-27-2013 Newshound/Intel Guru BGG Article: "BAGHDAD / NINA / The leader of the Iraqiya coalition, the minister of finance, Rafie al-Issawi discussed with the Representative of the Secretary-General of the United Nations in Iraq Martin Kobler "developments in the political crisis in Iraq" Interesting for 3 reasons...1) al-Issawi is referred to as the leader of the Iraqiya coalition. 2) He's the guy Maliki is most intent on having arrested right this minute...(as a counter measure to all going on against Maliki right now) 3) Kobler is meeting with al-Issawi - Wow??!? The UN stepping in...
2-26-2013 Newshound/Intel Guru Flashing So based on that I assume that the back wall for ch 7 is May 2013 too. If you tied all the articles of the DFI Fund with the fact that the post of the High Level Coordinator wasn't renewed on December 2012 and to the fact that the UNSC report on their recommendations about ch 7 still pending , you can conclude that Iraq will be out of ch 7 very soon and not later than May 2013. On the other hand it indicates that the rv is upon us. [post 2 of 2]
2-26-2013 Newshound/Intel Guru Flashing Article: "Ministry of Planning discuss with World Bank strategy of cooperation for the protection of Iraqi funds after the end of the protection period U.S." I have said before the back wall is May 2013...the last sentence of the above article ratifies what I have said before about the back wall for the rv. On may 2013 the frozen funds of Iraq will be released and will be available for them, which means that sanction will be lifted. The last sentence clearly indicates that they will be released from ch 7 by that date. It read as follows: "especially in the field of protection of Iraqi funds after the end of the U.S. protection and exit from Chapter VII International Report." [post 1 of 2....stay tuned]
2-26-2013 Newshound/Intel Guru Bluedog Maliki sent a formal letter to Parliament to disburse the fund to the Providences Yesterday and also they have been in meetings to up the price of oil in the Budget to over a 100.00 per barrel. World and regional Media was there Saturday for the Big Seminar on the 2013 Budget Implementation Procedures...many in attendance from the Region and the vote was passed on to further notice today...the Kurds are very happy now, so what's the hold up, IMO the announcement. I am still excited as you all should be...
2-26-2013 Intel Guru TerryK JUST HEARD CL [CHRISTINE LEGARDE] MAY NOT SPEAK TONIGHT. PROBLEMS WITH [JACK] LEW COMING INTO OFFICE. MAYBE TOMORROW. SOMETHING ABOUT HIM BEING HELD UP FROM TAKING OFFICE, WHICH HE NEEDS TO TAKE OFFICE, FOR THE NEW CURRENCIES. JUST MORE FRICKIN DELAYS. GO FIGURE, SORRY FOR THE BAD NEWS BUT IT'S SO CLOSE.
2-26-2013 Newshound Guru Bondlady I'd like to bring in my number one favorite articles of the day. can you say WTO? "Baghdad again the tariff law BAGHDAD - Naseer Goldfinch Tuesday, February 26, 2013 Iraqi government decided to resume the tariff law in the form of partial fear of sudden swings in the prices of goods in the domestic market." "Ministry of Planning and Development Cooperation Abdul-Zahra al-Hindawi said in a statement to Al-Hayat that the freezing of tariff law back to the Ministry of Finance, and Customs Authority implemented." implemented! bring on iraqs currency too, tradeable world currency, internationally accepted! almost there folks hang in there these are things on our check list had to be done. rate change should happen too because i don't know how their going to tax the people on 1166... things are looking good!
2-26-2013 Newshound/Intel Guru BGG So the real timing of the RV is not in the budget, nor is it in a speech or a banking article. Are these all good indicators? Absolutely. We want to watch these things. Barzani is talking about a National Meeting. How can you have a National Meeting with Maliki? You can't. Barzani already knows the outcome. I don't see anything until this weekend. It all depends on how directly they approach Maliki. Friday is March 1st, one day past the deadline. We will see a lot of stuff happen after that. So, the real timeline is the one I gave already. I said two weeks ago, 30 - 45 days, two weeks of that are gone & we are right in that window. Let's see what happens over the weekend, keep you eyes on the news. It will all happen right in front of you. That is the real timeline for the RV, barring some major catastrophe. [post 2 of 2]
2-26-2013 Newshound/Intel Guru BGG "The Real Timing For The Iraqi RV" A couple of weeks ago I said the timeline was 30 - 45 days out. I believe that this is a real investment & anything can happen and I believe we are getting closer to the end & that timeline is a very valid timeline. I believe Maliki had been given a specific timeline by a group of players, one of which is the U.S., I believe, by the end of the month to get this thing straightened out. If he doesn't I suspect they will go after him. There was all this build up about the budget and then yesterday, no budget. They are going to put off on the budget until after the 1st. So, the bottom line is, it isn't about the budget, the budget is already figured out. What they are doing is they want to see if Maliki is going to do what he said he was going to do. We all know that he is not. [post 1 of 2....stay tuned]
2-26-2013 Intel/Newshound Guru Poppy3 [via BGG] We have similar information from a security contact from the Kurdistan region said a lot of construction going on everywhere in Bagdad and from an aerial view it was breathtaking. A lot going on there, some political unrest. The short story is it is moving forward correctly. Poppy3 has a state contact that believes, barring any catastrophe, is convinced the next couple of weeks are very interesting, that this is the right time for this thing to happen. [post 2 of 2]
2-26-2013 Intel/Newshound Guru Poppy3 [via BGG] The delegation Poppy3 was talking about was a UST and an IMF delegation. Part is back and part is still there. A Middle Eastern gentleman that has been talking to a mutual friend of ours for quite some time, someone we trust, showed up over the weekend. He recently went through Bagdad and said the progress is breathtaking, it looks like a boom town and they have done this on a limited budget. When they open the budgets it will be amazing. They are planning to move back to Bagdad once the political unrest is taken care of and the financial structure is back in place so they can operate their business effectively. They are geared up to move back in the near future. The information he relayed and this is his opinion that this financial occurrence is probably in the next couple of weeks and that's what has him excited. That's not necessarily mine or Poppy3's opinion. [post 1 of 2....stay tuned]
2-26-2013 Newshound/Intel Guru Bluedog Article: "Finance Committee MP / coalition in Iraq / Hassan Auzmn Bayati, the importance of handling the national currency, the Iraqi dinar in the commercial and investment operations to support and promote confidence in foreign dealings" Seems to me Turki has just met with Cabinet on investment support mechanisms Iraqi dinar currency...the UST and World Bank are there discussing Currency...and Parliament waiting for word to expose the Budget.
2-26-2013 Newshound Guru Shredd we have all this proof and so much more that iraq is growing in wealth, infrastructure, and at this growing rate, the true value of what the dinar COULD be at continues to grow respectively so, imo, we can project that the longer the delay in starting the new exchange rate regime the greater it will emerge, it's logical. they are growing, like Bondlady says, in spite of themselves so, even though we don't see the program rate change, the fact is, the real value is growing day by day.
2-26-2013 Newshound/Intel Guru Flashing imo, we are in a great momentum . there are great rumors about this week particularly from wednesday thru saturday as i said before. but remember just rumors. nobody knows the exact date or rate but trust me we are doing very well. the real drivers are telling us how great we are doing. [you seem to be a little more excited tonite than before.] well, i have became familiar with documents and articles that are making me very happy.
Read more: http://www.dinarguru.com/index.html#ixzz2MOuEAT00
2-25-2013 Newshound/Intel Guru BGG I'll give you a hint - they won't do a thing on the budget until after Friday for "___________________" (fill in the blank) excuse and that is 03/01...after that - look out.
2-25-2013 Newshound Guru Arthur Article: "Hassan al-Bayati: YOU MUST DEAL IN IRAQI DINARS in investment and business processes to support" THIS ARTICLE SPEAKS FOR ITSELF. IT SHOWS THAT THEY ARE IN PROCESS OF DEALING DIRECTLY IN AN RV'D IQD INSTEAD OF THE USD AND THAT SOMETHING HAPPENED ON THE 16TH OF FEBRUARY TO FACILITATE THAT HAPPENING.
2-25-2013 Newshound/Intel Guru Flashing the most relevant paragraph is # 3 in which they stated "calling to rely on all insider dinar and foreign to increase its value and enhance the confidence of the world and be a competitor of international currencies." This means that they will increase the value of the dinar. Implicitly they are also saying it will become tradable and with a reasonable value, because that is the only way the dinar will become a competitor of international currencies and at the same time that will help to enhance the confidence of the world on it. So one more time let me tell you that everything is great. We are on the right track... [post 2 of 2]
2-25-2013 Newshound/Intel Guru Flashing Article: "You must deal in Iraqi dinars in investment and business processes to support Baghdad" the above article is very meaningful for us...the first paragraph is talking about the importance of handling the national currency in the commercial and investments operations. So what they are saying is that they will be replacing the us dollars for dinars. [post 1 of 2....stay tuned]
2-25-2013 Newshound/Intel Guru BGG Article: "Dispute over paying dues of oil companies in KR unsettled yet, says Jumaili" Soooo – late last nite there were numerous reports of the blocs agreeing to both the budget and an agreement in place between the KRG and Baghdad regarding payment of oil contracts and revenues. It all looked very promising – then this morning (our morning) there seems to be a significant hold-up on all fronts. The IS is even talking about possibly retracting from the government all together. This tells me whatever is going on is much bigger than just the budget.
2-25-2013 Intel Guru BOBGETZ6 It is my understanding that the budget has already passed. What is next is anyone's question.
2-25-2013 Intel Guru TerryK JUST GOT A CALL, CL [CHRISTINE LEGARDE] CANCELED HER SPEECH FOR TODAY BUT IS GOING TO DO IT TOMORROW WITH O [OBAMA] GOING ON AFTER HER. JUST SHARING. IM BEING TOLD THIS AS WELL, IMF IS NOT POSTING ANYTHING ABOUT WHAT SHE IS GOING TO DO OR WHEN OR WHERE ONLY DUE TO WHAT SHE IS ABOUT TO SAY, SO I HAVE BEEN TOLD BUT ONLY AFTER O [OBAMA] TALKS. THEN 24/48 HOURS TO SEE. THEY WILL NOT SAY RV, THEY WILL TALK ABOUT ECONOMIC RECOVERY PLAN.
2-25-2013 Newshound Guru Shredd this is how I look at the project to delete the zeros...by the time they start the process of removing the zeros, the rate would have to be on par with the dollar, the free float just doesn't make sense from the perspective of managing the administrative side of it. 2013 is the staging year, imo. the biggest indication we have recently is from the CBI...stating that the exchange rate will be 1000 to 1. so, perhaps that will be the only move until they remove the zeros, thus bringing it to 1-1 or perhaps that is the first move we just don't know...if we are allowed to wait, the value will grow strong greater than 3.
2-25-2013 Newhound Guru 8Ball [Iraq will take very important decisions during the next two days] - Barzani returns...Maliki's government cannot pass a budget - due to money owed from previous years and also % of oil revenue...only 85 seats in Paraliment voted to pass the 2013 budget this is Maliki's party only...Allawi's party says no to the budget...Kurds party says no to the budget...Sadr party says no to the budget..These three parties if joined can create a majority in Parliament and if Barzani assumes Talibani's President of Iraq position we just may...... move forward......
2-25-2013 Newshound Guru Arthur THEY ARE NOW GIVING THEMSELVES A DEADLINE OF TOMORROW TO GET THIS DONE WHICH IS GOOD. THEY ARE IN OPEN SESSION AND ANOTHER ARTICLE SAYS IF THEY WORK THE NUMBERS OUT THEY WILL HAVE AN EMERGENCY SESSION AND STILL VOTE ON THIS SO WE ARE STILL IN VERY GOOD SHAPE. THERE IS ALWAYS A DISCRENCY IN THE TRANSLATION OF THE WORD "NEXT" AS TO WHETHER THEY MEAN THIS TUESDAY OR LITERALLY NEXT TUESDAY SO WE WILL WAIT ON FURTHER INFO TO SEE WHAT THEY ACTUALLY MEAN. [post 2 of 2]
2-25-2013 Newshound Guru Arthur Article: "Urgent. Iraq remains an open house session and date to Tuesday to resolve the budget" THIS ARTICLE TELLS US THAT THE GOI IS NOT RECOGNIZING THE CONSTITUTIONALITY OF PAYING THE OIL CONTRACTS OF KURDISTAN OUT OF THIS BUDGET. THEY ARE IN THE PROCESS OF DOING SOME KINDA WORK AROUND TO MAKE THE NUMBERS WORK BUT IT ISN'T THE EASIEST THING IN THE WORLD TO DO. [post 1 of 2....stay tuned]
2-25-2013 Newshound Guru Administrator Bob The news over the weekend was very good. Continued political progress and a heavy dose of economic articles. You cannot help but think Iraq is on the verge of greatness.
2-25-2013 Intel Guru Bluwolf While we wait to exhale, we see some speak of budgets and relate it to the international release. Some relate it to the current U.S. sequester. Some are seeing looking on Tuesday. Some speak of announcements from certain heads of state or of economical bank organization heads. But seriously all is silent and this is the way it will maintain itself until the banks and brokers receive their emails with the GO. Thou I must assure you that we are on a minute to minute alert no one can ascertain or interrelate anything with what is to be the international release of all currencies (198), but rest assure that the rates shall be fabulous.
2-25-2013 Intel Guru TerryK JUST GOT OFF THE PHONE WITH SOURCE. SO WHAT THEY ARE SAYING IS THAT CL [CHRISTINE LEGARDE] IS TO SPEAK TODAY AND THEN THE RV LOOKS LIKE TOMORROW, AFTER O [OBAMA] TALKS. TOMORROW AFTERNOON, IS WHAT I HAVE BEEN TOLD, IT'S A TALK ON ECONOMIC REFORM OR ECONOMIC RECOVERY PLAN. SO, ALOT OF STUFF IN RENO GOING ON WITH IMF AND UST. JUST WANTED TO SHARE THE EXCITEMENT.
2-25-2013 Newshound Guru Doc The other big thing this report confirms is the current budget being discussed uses the current program exchange rate of 1166 and not the $3+ so many are emphatically reporting. For the $3+ number to be true the budget would be more like 30 billion dinar. Once again math dispels rumor. We also know the budget is not a prerequisite for the RV although it would be welcomed if it and the other fundamentals got approved in short order. We report, you decide [post 2 of 2]
2-25-2013 Newshound Guru Doc A recent article quoted the World Bank as questioning Iraq's assumption of $90 per barrel as being too aggressive. Specifically Ms Helen of the World Bank said "budgeting on a barrel of oil specified by $90 without exercise may lead to shock for Iraq". The article went on to say the budget was 138 trillion dinar. This outside source confirms a couple of things namely the previous reports of the budget being 138 billion dinar are in fact in error as we reported. [post 1 of 2....stay tuned]
2-25-2013 Newshound Guru Doc The other big thing this report confirms is the current budget being discussed uses the current program exchange rate of 1166 and not the $3+ so many are emphatically reporting. For the $3+ number to be true the budget would be more like 30 billion dinar. Once again math dispels rumor. We also know the budget is not a prerequisite for the RV although it would be welcomed if it and the other fundamentals got approved in short order. We report, you decide [post 2 of 2]
2-25-2013 Newshound Guru Doc A recent article quoted the World Bank as questioning Iraq's assumption of $90 per barrel as being too aggressive. Specifically Ms Helen of the World Bank said "budgeting on a barrel of oil specified by $90 without exercise may lead to shock for Iraq". The article went on to say the budget was 138 trillion dinar. This outside source confirms a couple of things namely the previous reports of the budget being 138 billion dinar are in fact in error as we reported. [post 1 of 2....stay tuned] 2-24-2013 Intel Guru TerryK WE ARE WAITING FOR CL [CHRISTINE LEGARDE] TO SPEAK TOMORROW...AFTERNOON. O [OBAMA] WILL SPEAK...TUESDAY, RV WILL BE TUESDAY NIGHT SO I HAVE BEEN TOLD. RATES HAVE NOT BEEN DISCUSSED TODAY. NOW WF [WELLS FARGO] CONTACT IS ALL EXCITED. UST STILL IN LOCKDOWN. BUT LIKE EVERYTHING KEEP AS RUMOR.
2-24-2013 Intel/Newshound Guru Poppy3 maliki has thugs in the streets attacking protestors and beating people. the demonstrators are all turning against him and reports today is the people are calling him saddam incarnated. IT APEERS THE CITIZENS HAVE ALL SEEN THE LIGHT NOW AND THE FUTURE FOR MALIKI IS BLEEK TO SAY THE LEAST. AT SOME TIME IN THE FUTURE HE WILL BE TOAST I DON'T THINK HE CAN SURVIVE THIS IN ANY WAY EVEN IF HE CAVES IN AND SAYS HE WILL PLAY BALL WITH THE LEADERS.
2-24-2013 Intel Guru Wisdom The only reason I come in here is...to let you folks know what exactly I'm hearing and where I think we stand. Blaino and I talk constantly to compare notes if things start lining up...and they do right now. SO there IS Potential for this to be released soon. NO ONE KNOWS exactly what the prerequisites are for this to go LIVE...but I have ALWAYS stood by the list I believe had to be done before this was able to happen. Now things are not so certain, and in OUR FAVOR!! It's just how things are lining up, without Shabibi in control of the CBI, Erbil is still on the list just doesn't have to be in place before this happens, whereas before it was. They're meeting for Erbil in a couple of weeks anyways, so it is still close no matter what.
2-24-2013 Newshound Guru Mountainman Tomorrow could be a huge day for Iraq if they can pass the budget. The blocs have apparently reached an agreement and although they've said this before, I do feel like they have got it resolved this time. If they pass the budget the HCL will probably follow relatively shortly thereafter. If the leaders of Iraq are going to win over the people before the election, they need to get some work done.
2-24-2013 Newshound Guru Med Article: "Raed al-Hashemi: The process of deletion of zeros is a necessary step for administrative reform of the currency (IRIN)" GREAT ARTICLE. SHOWS THAT WE ARE STILL IN THE GAME. NOW THE DIFFERENCE IN THINKING IS THIS: SHABIBI FELT IT SEEMS THAT HE COULD RV ANYTIME, THAT HE HAD MADE THE DINAR STRONG ENOUGH AND HIS STATUS IN CBI WAS ENOUGH TO MAKE THINGS WORK. BUT THOSE IN THE GOI, IT APPEARS, HAVE A SOMEWHAT WESTERN ATTITUDE STABILITY LIMIT CORRUPTION TO PUT IT IN MOTION. BUT IT ALSO SEEMS TO MAKE IT ALSO A SEMI URGENCY EVEN THOUGH THERE ARE SOME DRAWBACKS IT APPEARS THAT THEY DONT PLAN ON HOLDING OFF TOO MUCH LONGER.
2-24-2013 Intel/Newshound Guru Poppy3 THINGS COMING TOGETHER. I KNEW THINGS WOULD START MOVING WHEN OUR PEOPLE WHERE OUT. NOW SAY BUDGET ALL IN AGREEMENT AGAIN. WILL VOTE TOMORROW FOR APPROVAL.
2-24-2013 Newshound Guru Tlar To go to a float at this time when the currency is 1166 makes no sense and is counter productive to what the bank has been doing over the last 6 months. This process is ongoing and the result is, it is dollarizing Iraq as we all know. The CBI is retiring dinar. They are not expanding the numbers of dinar out there in circulation. Iraq would be better served IMHO to just do what they have said they were going to do since 2009. Drop the zeros. I think that this would be a major mistake on Iraq's part if they just float the currency. I personally think that's why they are waiting. I believe the first move we see when the dinar goes international and moves to an article VIII currency, will be the removal of 3 zeros off the exchange rate. Not before. Having said that, its Iraq. Up until now, they have never acted in their own best interest.
2-24-2013 Newshound Guru Kaperoni Article: "Parliamentary Finance: this year will not attend any currency exchange or delete Ocefarha" If you took this article at face value (nothing is going to happen), then you would have to say Iraq has really gotten themselves into a real economic bind (quagmire). The Paris Club dept benchmarks would not be met, IMF Stand-by-Agreement would not be met, and the 2nd phase of the Strategic Framework Agreement appears to be not met and we would see Iraq's money from DFI being unprotected as May 22nd and open to all past creditors. And there would be no need to send high level CoM officials for WTO training Feb 28-March 1st or discuss implementation of tariffs. Oh, and the new ISX custodial bank from Kuwait NBK. All of which is currently pushing forward. I choose to look at all this, and say we are close!
2-24-2013 Intel/Newshound Guru Poppy3 GOT A TEXT THIS MORNING THAT 4 DIGNITARIES LANDED BACK IN WASHINGTON. THEY ONLY SAW 4 AND NOT 6 MEANING 2 OTHERS OR MORE COULD HAVE FLOWN TO THEIR HOME STATES OR MAY STILL BE IN IRAQ??? THIS MAY BE A SIGN THEY ARE ALL OUT OF IRAQ. TIME WILL TELL BUT IT SURE WAS GOOD TO HEAR. I AM ENCOURAGED WE MAY SEE GOOD MOVEMENT THIS WEEK. [See Poppy3 post dated 2-22-2013 referencing "OUR DIGNITARIES" in Iraq]
2-24-2013 Newshound Guru Shredd look at the whole premise behind the paris club, there was confidence in iraq 8 years ago a ton of wealth to be had. and remember, our main "window" into iraq is the newspapers most of them are akin to the Enquirer! so, we gotta take all the political stuff in that light and not let us get it down. i fully believe that if we truly knew what was going on in iraq politically/economically, we'd find it hard to sleep out of excitement but we only see a small part and find out about things once they are done. [post 2 of 2]
2-24-2013 Newshound Guru Shredd [will countries get to a point where thry will just totally give up on them totally, you think?] never. just like most of us dont sell our dinar out of frustration of the delays, the global economic community will not give up on iraq because they know the potential and it's huge. governments need its people to succeed financially to generate taxes produce spend...and companies coming into iraq will generate cash flow. so, no one is going to give up on iraq. [post 1 of 2....stay tuned]
2-24-2013 Intel Guru TerryK UST STILL IN LOCK DOWN. ACCORDING TO SOURCES ITS DONE, COOKED, READY. JUST SOMEONE NEEDS TO PULL IT OFF OF GRILL. [We had been hearing mid 3's for a while now. Did the mid 5s just come up to day?] NAH, HAD IT A FEW DAYS AGO, 5.86. [do you think that is an actual rate or a place holder??] I THINK 6.18. SOURCES HAVE SAID 25-28TH. 2-23-2013 Intel Guru SteveI I will absolutely guarantee you the new rate is in the budget and it is within a few pennies of what I shared in the past. Absolutely, positively, 100% sure. I am absolutely positive on my comment, statement, etc. regarding the new rate. I will not back down, not now, not ever on this one. All the "want a be" people that says it will be anywhere from 10 cents to under a dollar can kiss my grits. That is what Alice would have said so I kept it clean. This is probably the only reason I have given this my all and will hang in there until the end as I know what the end is. [see SteveI post in the Dinar Guru Archives dated 2-7-2013 for his rate information]
2-23-2013 Intel Guru TerryK FROM WHAT I HEARD TODAY THINGS ARE ON TRACK FOR SUNDAY NIGHT LATE...WE SHALL SEE. NO LATER THAN 28TH, WHAT IM TOLD.
2-23-2013 Intel Guru Okie_Oil_Man WHILE IRAQ IS STILL GETTING THEIR ACT TOGETHER IT WILL TAKE AN ORGANIZATION LIKE THE I.M.F. TO FORCE THE ISSUE. I FEEL QUITE COMFORTABLE WITH WHERE WE NOW STAND IN REGARD'S TO THE CURRENCY EVALUATION FORTHCOMING FROM THE I.M.F. --THEN IT WILL FILTER THRU TO US [IYHO, do you think the budget is waiting on the RV?] NO EFFECT ON WHETHER THEY PASS THE BUDGET OR NOT. REST ASSURED WE ARE IN THE RIGHT PLACE AND THE RIGHT TIME. [post 2 of 2]
2-23-2013 Intel Guru Okie_Oil_Man GOOD SATURDAY NIGHT AMERICA, SHIP'S AT SEA AND ALL OUR WORLD WIDE FRIEND'S. WELL- I HAVE STATED MANY TIMES AND I THOUGHT IT WOULD HAVE SOAKED IN BY NOW THAT---IRAQ TURNED THE AUTHORITY TO EVALUATE THE VALUE OF THEIR CURRENCY OVER TO THE I.M.F. SEVERAL MONTH'S AGO. ONE MORE TIME--WHILE IT IS OF HISTORIC INTEREST WHAT IS GOING ON IN IRAQ PROPER--IT WILL HAVE NOR HAS HAD ANY EFFECT ON THE RE-EVALUATION OF THEIR CURRENCY. TO PROVE A POINT--LOOK AT THE DE-EVALUATION THE I.M.F. INCURRED ON SEVERAL COUNTRIES JUST LAST WEEK. I'M QUITE SURE THESE COUNTRIES HAD NO SAY SO IN THE DETERMINATION OF THE VALUE OF THEIR CURRENCY. [post 1 of 2....stay tuned]
2-23-2013 Intel Guru SteveI My guess is that they will hold more meetings and hash this out, in the mean time the country will lose 27 Million dollars per day and the citizens will continue to suffer. From what I have read and what we have been told, most all laws that need to do this has been approved and implemented. So the next step is activation of the new value from the 2013 budget and we are on our way. I probably do not need to reassure you again, but it will in due time be the best investment of your life. It is coming... [post 2 of 2]
2-23-2013 Intel Guru SteveI As you are well aware by now the vote did not take place again. At the last minute there were more disputes and differences that neither party could set aside and move on. I can give you one hint, they refuse to give the budget back to Maliki to disperse at his will. You will read news from the media that they will vote again on Monday, which at best would be a 5% chance. Until they get past their differences it simply will not happen for at least a minimum of probably two weeks. I just do not see it this week. [post 1 of 2....stay tuned]
2-23-2013 Intel/Newshound Guru Poppy3 Another contact said that as of this past Thursday, the banks told the people that they will no longer sell dinar of any denomination in Kuwait. This is from 2 banks that shared that information. We don't know why, this is something that could be an indication that maybe we will see something soon. Once our group is gone I don't think they will put it off. I think we will see movement in several different areas. This thing should wake up real soon & it's going to be some exciting times. [post 4 of 4]
2-23-2013 Intel/Newshound Guru Poppy3 I will give you 2 good rumors, but this is from a solid contact. This gentleman just left the middle east, he is a very well to do person, holds tons of dinar & I'm sure he talked to dignitaries of some kind that he is associated with there. He went right through Bagdad, he hadn't been there in 2 years & he said he was amazed how they have refurbished bombed out buildings & said that Bagdad is a modern beautiful city. He indicated that he couldn't give any time or date but we should relax about the dinar, it's going to happen. The people of Iraq are preparing for it. It may take another week or so and he said we are in a great situation right now. [post 3 of 4....stay tuned]
2-23-2013 Intel/Newshound Guru Poppy3 Turki was turned down as far as the IMF working with him, but he is the person they have been making decisions with & the person they have been going to about the CBI. What part he has been relieved of, we just don't know until the information becomes clear on his status. Some members of Parliament are asking Turki to step down. I think we should wait a day or 2 to see what comes of that situation. We do know Shabibi is still working with the IMF. I think once Maliki is nullified, you will see Shabibi, if he wants to, back as the governor of the CBI in Iraq. [post 2 of 4....stay tuned]
2-23-2013 Intel/Newshound Guru Poppy3 The vote on the budget has been put off 4 or 5 times & they have postponed Parliament. As I said, they will not have any meeting while our people are there. They don't want their people to think they did something because the U.S. said to do it or any other outside entity said to do it. They want to operate their own government. Yes, they are struggling at it, that's their mode of operation, but they have made progress or are making progress on a daily basis. [post 1 of 4....stay tuned]
2-23-2013 Newshound Guru Tlar Article: "Article - CBI reveals issuing currency class 100 thousand dinars" Maliki does not have to be gone to see significant movement on the dinar. He just only has to be nuetered. I think we are witnessing that as we speak. He has not been invited to the Erbil talks. As Maliki's power wanes, Turki's grows. Turki will decide where the dinar is in terms of value unimpieded by Maliki. Turki will pop the valuation when he thinks its right knowing full well the misson of the bank is investment in Iraq and growth of the economy.
2-23-2013 Intel Guru TerryK MY PEEPS ARE STILL STAYING FIRM ON SUNDAY. [If it happens Sunday when do you think we will be able to exchange?] NOT TILL MONDAY OR TUESDAY.
2-23-2013 Newshound Guru Shredd this part is key: With a custodian of this caliber on board, the ISX is now in a position to mobilize significant amounts of foreign capital. the door is open for SAFE efficient trading and holdings of scuritized debt. this is evidence of what we've been saying so many players ready to join in when the time was right and these players aren't gonna come to the table too early and now...their confidence in iraq is obvious. [post 2 of 2]
2-23-2013 Newshound Guru Shredd Article: "Custodian Bank, ISX, National Bank of Kuwait In a move that is likely to mark the start of a new era for the Iraq Stock Exchange (ISX), National Bank of Kuwait (NBK) has begun offering custody services for ISX-listed shares through its 80%-held subsidiary Credit Bank of Iraq." At last the door is open for large institutional investors to enter the Iraqi market.... [post 1 of 2....stay tuned]
2-23-2013 Intel Guru Blaino [Blaino, can you say in plan english if you are saying weeks months or even years.] DAYS, HOURS,.. 'SOON' i have no indications that rates will be dramatically different than those issued from this keyboard recently... Mid $3's for the 'leader' and in the 'half a buck' zone for the 'follower'...If that changes, i'll ADVISE. i have no negative or delaying information at all whatsoever!" none! Nada! zip, zero, flat NOTHING. 2-22-2013 Newshound/Intel Guru BGG Article: "Jaafary discuss dues of Oil Foreign Firms working in KR with representatives of INA, KA" IT APPEARS THAT ONE OF THE MAJOR PUBLISHED OBSTACLES TO THE BUDGET APPROVAL MAY BE RESOLVED ACCORDING TO THIS ARTICLE.
2-22-2013 Intel/Newshound Guru Poppy3 I TOLD EVERYONE FOR ALMOST 4 YEARS NO MEETING WILL BE HELD, NO PROGRESS WILL BE MADE AND NO ONE IN IRAQ WILL DO ANYTHING GOVERNMENT WISE TILL OUR DIGNITARIES ARE OUT OF THEIR COUNTRY REGARDLESS OF DEADLINES ETC. THEY WILL NEVER ALLOW PERCEPTION OF THE IRAQ PEOPLE TO THINK THEY LET THE USA INFLUENCE ANYTHING THEY HAVE DONE. HAVE CALL IN TO FIND OUT WHEN THEY WILL BE LEAVING FOR HOME. I HAD THOUGHT THEY WOULD HEAD HOME TODAY, AT LEAST I WAS HOPING . SHOULD HEAR TONIGHT IF THE INFO IS AVAILABLE.
2-22-2013 Intel Guru OCrush So, we are looking at another opportunity tomorrow. Let us pray they stop playing politics and focus on what is really needed in Iraq, economic stability for the people. My cousin said Nujaifi has fired a warning shot over the blocs, basically telling them if this does not get approved I will throw the budget back to the governance (council of ministers). Basically starting over. Now this tactic could work if the blocs feel he is serious and he is! All we can say is, no one knows what the blocs are going to do at the last minute. Let's not forget, this budget has the final tallys from the past budgets. This was never done before. SIT BACK! RELAX! ENJOY THE RIDE! IT WILL COME. :)
2-22-2013 Newshound Guru Doc All information we have received to date suggests we still have several weeks or more until official budget approval. We are aware that one article said this Saturday but it has been delayed over and over again. Remember too the budget by itself does not necessarily trigger the RV. We are hopeful the Kurds will prevail and with the budget we will see the real fundamentals in place to support the RV like the HCL to name one. As always only time will tell for sure. We report, you decide. [post 3 of 3]
2-22-2013 Newshound Guru Doc What appears to be going on is an internal and external attack on Maliki. We have always said he was the biggest road block to all progress in Iraq. Recent events continue to support this opinion. The Kurds continue to hold hostage the budget with what we believe the ultimate goal is HCL approval. Recent articles suggest other blocs are doing the same for their pet projects. We can feel the vice being tightened from both ends squeezing Maliki. We continue that this is good for us. [post 2 of 3....stay tuned]
2-22-2013 Newshound Guru Doc It looks like the international community has finally had enough. We reported in our last update we were hearing rumblings that this was in fact the case. Now we see that the DFI monies will not be protected past May. The UN tried to get Iraq's attention but with little results. We really like the fact that the international community is now hitting Iraq where it hurts - in the pocket book. Remember the value of the DFI is in the neighborhood of 1 trillion USD. We have to believe that if this doesn't get their attention nothing will. We can hear Iraq being told it is now time to put on your big boy panties and act like a real country and not a penny anti dictatorship. [post 1 of 3....stay tuned]
2-22-2013 Newshound Guru Shredd "Can't Iraq just keep on going like they have been and do all business in US Dollars?" First of all, without an internationally tradable currency, Iraq is walled off from the globalized financial system, thus raising the cost of business and increasing risk and uncertainty in the economy. Here's another big point: Without an international currency, you cannot manage your risks in the efficient ways that have become the standard in countries with internationally tradable currencies. Lastly, companies in the developing countries would have to enter the global competition with a crucial disadvantage...we can see for ourselves that investment is growing, infrastructure is building and measurable progress is taking place in Iraq.
2-22-2013 Newshound Guru Breitling IMO, they are going to turn the IQD into a phenomenal internationally traded currency with real value behind it. It's a beautiful thing. One of these days there is going to be a hard revaluation, go up one big shot, even though we can handle it pipping up. It's going to happen and you guys are sitting on it. For us there is nothing better. [post 4 of 4]
2-22-2013 Newshound Guru Breitling Look at their timing. They could revalue today, but what is the risk to do that? They don't have the infrastructure up 100%, it might be too big of a risk for them to do that. They need this to last for a very long time. There is not going to be an in country revaluation. It's going to be an internationally traded currency and a foreign currency reserve. That's how they are setting it up. That's why they haven't revalued yet because they want a long lasting infrastructure and that's it. They are still on cue. [post 3 of 4....stay tuned]
2-22-2013 Newshound Guru Breitling So, here we are today trying to figure what they are doing today. They are talking about making the dinar relevant on an international scale. They are creating the perfect storm. Iraq knows exactly what's coming, in 200 years down the road if you were to be able to move forward, I guarantee that the dinar will be more of a success story than the USD. That's how much I believe in the infrastructure that they are putting up & what they are doing. The reality is they are trying to make the currency that we have more relevant. They like the idea that we have their currency. [post 2 of 4....stay tuned]
2-22-2013 Newshound Guru Breitling I still haven't seen anything negative coming out of Iraq as far as infrastructure or anything that points to our investment. Articles came out and talked about how they are structuring the dinar for future use. Articles have come out and said Shabibi talked about how the dinar will be a foreign currency reserve. So, that means the dinar is going to be so stable and have such good value that central banks of other countries are going to take the dinar, put it in a central bank, store it and it will add value to their currency. [post 1 of 4....stay tuned]
2-22-2013 Newshound Guru Adam Montana Right now Iraq is under minimal political pressure - the UN huffs and puffs but there is no real CONSEQUENCE to their actions or inactions. Iraq is going to move when they have to, or when they want to... and it will be for money. One way or another.
2-21-2013 Intel Guru TerryK EVERYTHING IS READY RIGHT NOW. UST IS IN LOCKDOWN AGAIN. THEY CAME OUT LAST WEEK. THEY WENT IN TODAY. I HAVE BEEN TOLD THIS WEEKEND LOOKS SHARP BUT HEY YOUR DEALING WITH COUNTIES AND GOVERNMENTS THAT DONT MAKE ANY LOGIC AT ALL.
2-21-2013 Newshound/Intel Guru BGG The point is Iraq is running out of money and if you look at these marker dates they all have to do with money. I believe the real reason this budget is not getting done is because Najafi is putting the financial screws to Maliki one last time, making sure that it is as uncomfortable for him as absolutely possible. It all boils down to money. Without the budget he's got nothing. They are putting this budget vote off to see what Maliki is going to do.
2-21-2013 Newshound/Intel Guru BGG I am very optimistic for the next short period of time. There are a couple of dates that are interesting to look at. Obviously this 23rd date, a loan deadline & the end of the month that Randy [Koonce] spoke about is probably legitimate. Exxon is pretty much tired of dealing with Bagdad. So, we are looking at this 23rd date and the end of this month, those are both interesting timelines. I like everything I see here, anything is possible.
2-21-2013 Intel Guru Blaino watch for some news and updates later this evening! All is not as it seems, then it is, THEN...Clarification later!
2-21-2013 Newshound Guru Bondlady the 23rd is a important date but it's not an rv date like many...say. its a mandate that they have been allowed to get extensions on for years just like the dfi funds and frozen assets, that deadline is coming also in may. the dfi funds, usa is saying no more protection before when they would ask for extensions on the mandates, also 2/23 that last one was i believe to be the very last extension. always before they would ask weeks in advance for an extension. we've seen nothing of that, so i think it's a go. [post 2 of 2]
2-21-2013 Newshound Guru Bondlady Article: "A senior political source revealed about the intention of the U.S. administration to inform the Iraqi government a message that the U.S. government is concerned monetary and financial developments taking place in the country." they don't want to give them anymore extensions per the dfi funds and frozen assets, they want them to pull there bloomers up and accept responsibility for their debts and their money and their country and people. [post 1 of 2....stay tuned]
2-21-2013 Newshound/Intel Guru BGG [BGG, you mentioned last Sunday on your call that you expected some big news to be announced in the next several days. Did the news happen?] Barzani calling for a National Meeting is pretty big news...I was looking for a bit bigger - but that will do for now.
2-21-2013 Intel Guru OKIE_OIL_MAN GOOD THURSDAY AMERICA, SHIP'S AT SEA AND ALL OUR WORLD WIDE FRIENDS. HISTORICALLY IN THE PAST I HAVE GIVEN INTEL A LITTLE AHEAD OF THE CURVE, SOMETIME'S AS MUCH AS A WEEK AHEAD OF THE ACTUAL OCCURANCE. IT APPEAR'S THAT THIS HAS HAPPENED AGAIN WHEN I MADE THE STATEMENT ABOUT THIS BEING THE WEEK OF HISTORICAL IMPORTANCE. IT NOW APPEAR'S THAT I WAS ABOUT A WEEK AHEAD OF SCHEDULE AGAIN. DUE TO UNFORSEEN CIRCUMSTANCES THAT HAS JUST NOW BECAME APPARENT. I WISH TO RETRACT THIS WEEK STATEMENT AND PROJECT THE SAME MESSAGE FOR THIS COMING WEEK. KEEP THE FAITH AND PRAYER'S GOING UP.
2-21-13 Newshound Guru Mountainman Article: "CBI: Heading to Issue Banknote of 100 Thousand Iraqi Dinars Shortly. Mohammed Saleh, who is the adviser of the Central Bank of Iraq, said that the Iraqi currency is required to get expanded, and they are working to issue currency Banknote of 100 thousand dinars." This is a great sign for us that a rate change is on the way.
2-21-2013 Newshound/Intel Guru BGG Article: "Lafi warns Baghdad from trying to arrest him." This is literally – an amazing time in Iraq. Maliki’s gang is in “full damage control” mode lately – spending much of their resources devoted to attempting to quell the riots going on all over the country. The people are speaking – the GOI just isn’t listening yet. They actually tried to arrest this cleric (for his anti-gov’t sermons) and al-Alwani’s bodyguard stepped in and put the K-bosh to that noise!!
2-21-2013 Newshound Guru Bondlady watch for the things we know we need like hcl art 140 and monetary change, we check each item off and move on to the next. like i said iraq has only one chance to do things right, they are not used to that and they aren't used to freedom either. saddam never allowed them to fight like they do now but then again he was a dictator. they are expressing their freedoms, let them and they will finally realize how to get it together but its going be on iraqs sun dial not our timex's.
2-21-2013 Newshound Guru Adam Montana [Why can't the Kurds just name a replacement for Talabani? What is so difficult it can't be done? This ain't rocket science.] My answer is "strategy". They are in complete control, whenever they need to do it they will simply do it. Like you say, it's not rocket science.
2-21-2013 Newshound/Intel Guru Randy Koonce [via clay & Cat-in-the-hat] should be out before march, all docs signed on the 29th of Dec and we are just waiting on the confirmed date of RV. Maliki told Exxon he would be done before the end of FEB...and Iraq needs Exxon bad and if he does not they will just go to the Kurds.
2-21-2013 Intel Guru Bulldog75 IMF AND INTERPOL FROM COURT ORDERS DOING WHAT THEY NEED TO DO TO MAKE THIS EVENT SAFE, FAIR AND PROFITABLE FOR THE HONEST CITIZENS ON THE PLANET. TIME IS OF THE ESSENCE. EUROPE, IRAQ, MID EAST ETC CANNOT WAIT FOR EVER WITH THEIR SITUATIONS. EVERYONE IS BEING CHOKED; LITTLE OXYGEN LEFT IN THE TANKS.
2-21-2013 Newshound Guru Bondlady a few years ago when we 1st started seeing the 100,000 iqd articles we didn't think it would be that good of a thing back then and this article resurfaced, why because they are discussing this right now as always when you see recycled articles these are things they are immediately working on and the reason its resurfacing now is because they are talking to each other basically saying isnt this the way to go? if your not going to be releasing the lower denoms anytime soon shouldn't we release this note to make transactions easier and to slow down the use of the usd. so if they decide to do it this way then imo they 000 are coming off the rate and not the currency.
2-21-2013 Intel Guru OCrush They are completing the final version of the budget. They are ALL in agreement...YIPPEEE! We might actually see this thing done tomorrow! My cousin...is excited!! He also said many good laws will pass with it. I didn't press the matter, we shall find out in a few hours! I sent him the article that Rec V posted ...and this was his reaction: "Wow!!! Holy smokes the Antiquities Law!!! This is the law that has the lower denoms law attached to it!!! HOLY COWS!!! ITS ALL COMING TOGETHER!!" I think the antiquities law has the power share for the iraqis. The education law has the project delete the zeros (lower D's). What a coinsidence to have the Antiquities Law and the Budget law to be voted on the same day!!! I AM VERY EXCITED!!!
2-21-2013 Intel Guru TerryK WE ARE VERY VERY CLOSE. CL [CHRISTINE LEGARDE] IS TO MAKE AN ANNOUNCEMENT IN THE NEXT FEW DAYS. THEY (GOVERNMENT) DO NOT WANT ME TO ANNOUNCE WHERE SHE WILL BE - SECURITY REASONS - SO YOU HAVE TO UNDERSTAND THAT, OK? WOW, JUST GOT ANOTHER CALL. SOUNDS LIKE THIS WEEKEND IS STRONG. SOME THINGS JUST HAPPENED ACCORDING TO CALLER. SO LET'S CROSS OUR FINGERS. SOUNDS LIKE TUESDAY IS THE DAY.
2-21-2013 Newshound/Intel Guru BGG It will RV once the power is balanced...and it looks like Maliki isn't calling the shots anymore.
2-21-2013 Intel Guru Okie_Oil_Man [via SAMBO] GOOD EVENING ALL - JUST A LITTLE UPDATE - I TALKED WITH OKIE AND HE DID NOT HAVE ANY NEW INFO BUT ASKED ME TO RE POST HIS NOTE FROM MONDAY "THIS APPEAR'S TO BE A WEEK OF SUCH HISTORICAL IMPORTANCE THAT YOUR GREAT GRANDCHILDREN WILL READ ABOUT IT IN THEIR HISTORY BOOK'S 100 YEAR'S FROM NOW----NUFF SAID!!!"
Read more: http://www.dinarguru.com/index.html#ixzz2M1OY3itQ
2-20-2013 Newshound Guru Kaperoni What the IMF stated was... "The extension will, in particular, provide time for discussions on fiscal policies for the remainder of 2012 and on measures to improve the functioning of the exchange regime." There is no way to know how big that window is that the IMF granted Iraq to get it implemented. With the US letter indicating that they will not protect Iraqi money after May 22nd, it appears that it is rather small. I would expect Iraq will pass the laws, implement the exchange regime (float) and open the economy in rather short order...IMO, we are close to the value changing. Two great articles yesterday gives us solid ground to stand on. [post 2 of 2]
2-20-2013 Newshound Guru Kaperoni Article: "Alfalh expected to vote on the budget at Thursday's meeting" Thursday should be a success. Kurds passed the budget so all is good. Baghdad should have enough for a quorum and get it done. They then can focus on a basket of economic laws to pass over the next few weeks. Though Feb 23rd (IMF SBA deadline) is a substantial date, no where did it say the "exchange regime" had to be in place and functional that I am aware of. [post 1 of 2....stay tuned]
2-20-2013 Newshound Guru Adam Montana [in regards to the amount of dinar currently in circulation? It's estimated to be around...?] This has been tossed around for years now... unfortunately we have no reliable way of knowing this figure. The CBI could tell us, but they are under no obligation to do so, and they are very tight-lipped about it. Who cares what the exact number is? If Iraq is going to continue to move forward, and they continue to increase the value, and they eventually RV... I don't care how much is in currency. I DO care how much is in my safe! :lol: [post 2 of 2]
2-20-2013 Newshound Guru Adam Montana [Are they just printing up more and more pretty paper to sell, as to suck in more of our (and other country) dollars?] There's not as much dinar outside of Iraq as one would think. When you are surrounded by dinar investors, it is easy to think that "everyone has dinar!" - but that's simply not the case. [post 1 of 2....stay tuned]
2-20-2013 Newshound Guru Tlar Once they increase the value of dinar, if both these pariah countries are just about devoid of dinar, Iran and Syria will not be able to afford the new higher value dinar effectively muting any chance for these countries to gain from the move. They will not profit from the move of the revaluation. IMO this is the UN/US strategy. With the auctions at around the $100 million dollars a day range it is obvious that Syria and Iran are running out of dinars. Once they run out there will be a lot of pressure on Iraq to revalue the dinar and by just the number of dinars that the bank bough and retired, the new value should be a good one. Iran and Syria's economy will be majorly affected and neither will be able continue to be supported by the dinar. [post 2 of 2]
2-20-2013 Newshound Guru Tlar Article "CBI fails to prevent the laundering operations and dollar smuggling to Syria and Iran" This is a good thing for us as long as the currency being sold by Iran and Syria is non-counterfiet dinars that they are buying dollars with. I say keep cleaning them out. We know the USD they are buying is going back to their respective countries. They would not be selling their dinar if they could not smuggle it home. I hope the banks continue to cash dinars from both these countries. The CBI is buying back the dinar that Iran and Syria obtained through the contracts of favored trading partners signed by Maliki. [post 1 of 2....stay tuned]
2-20-2013 Newshound Guru Kaperoni Article: "Finance Committee: budget are ready for a vote on Thursday" Now that the kurds have signed off on the budget, this should pass on Thursday...we should see a basket of laws pass within a few weeks after.
2-20-2013 Intel/Newshound Guru Poppy3 gold continues to fall. the upcoming rv will continue to drive it down and if all will remember what POPPY3 HAS BEEN SAYING FOR 3 PLUS YEARS...THAT PEOPLE PAYING THE HIGH PRICES FOR GOLD WOULD LOSE. IT WAS OVER $2000.00 AND CLIMBING AT THAT TIME----WHEN THE RV HITS THE DOLLAR WILL RISE AND GOLD WILL DROP LIKE A ROCK. READ THE HISTORY OF GOLD IN RELATION OF THE DOLLAR. WILL SHOW WHAT IS TO COME.
2-20-2013 Newshound Guru Adam Montana My personal opinion on our situation is still positive for the same reasons as last week. With this talk of an upcoming revaluation from 1166 to 1000:1, it's not hard to imagine all of the ways this is good. Not only is it an immediate increase, a great way to begin encouraging ALL Iraqis to carry IQD instead of USD, and could open the door for much bigger gains... it's also solid proof that we are holding a winning ticket. Not much more you can ask for at this point, other than the actual RV!!!!
2-20-2013 Intel Guru SteveI I just got word that there will be no vote in this session. Maybe Thursday they will try again and that is a huge maybe. Kurds are at it again with more demands, so until someone steps up to the plate and says "NO MORE", then it will be a while longer. Now for the good news, they are still working on getting this done. Also good news, please correct me if I am wrong, but they will need to open up the budget to repay the IMF...Stand-By Arrangement (SBA). Now that the bad news and good news was presented, here is the great news, NO BUDGET, NO MONEY!
2-20-2013 Intel Guru Frank26 This will not touch their reserves, in fact, it will increase their reserves. How is the CBI going to make money now? Because, they are going to sell the lower denoms to the banks at a much better rate. The Iraqi citizens will not become rich millionaires but the currency will have stability and security. It looks like they are being mean to the Iraqi citizens. No. They are controlling their money, preventing the laundering of the money. I love what they are doing. This is high technology, this is high tech protection for a currency that is about to go up in value. Why would they use their currency when they hate it if they were not about to add value to it. [post 4 of 4]
2-20-2013 Intel Guru Frank26 I hope you understand the power behind this. Why are they doing this? Because they are trying the force the citizens to stop using foreign currency, because they are about to introduce the lower denominations. Do you see a similarity here? How much are you allowed to get from a bank here? $10,000 a day. The same banking systems that you see world wide, you are now seeing in Iraq and the announcement was made today [Tuesday]. [post 3 of 4....stay tuned]
2-20-2013 Intel Guru Frank26 When you do a transaction you cannot use your ID card any longer, instead you have to use a passport. It takes months to get a passport if they can afford one. They have tied their hand and their feet. There will be a uniformity to acquire hard cash. They will allow you to have foreign currency under these limitations, but you cannot go to any bank on any day. It will be a specific bank on a specific day. This makes it almost impossible to get USD. This is to force the Iraqi citizens to give up the USD and say yes to the IQD. [post 2 of 4....stay tuned]
2-20-2013 Intel Guru Frank26 Three days ago an announcement was made to the Iraqi citizens and is on the CBI website, the Arabic side. The CBI has told the Iraqi citizens they will no longer be selling hard cash to the citizens and the CBI will no longer sell them foreign currency. If you want foreign currency you have to go to the State Banks or Islamic Banks. Also, you will no longer be able to take out 50,000 USD or any other foreign currency per day as you did in the days of Shabibi. It is no longer accessible to you within 24 hours, you will now be limited to only 10,000 of a foreign currency per month. [post 1 of 4....stay tuned]
2-20-2013 Newshound Guru Tlar IMO...this is why most likely these companies don't fear the threats of no more contracts with Bagdad if they sign directly with Kurdistan. It's just cheaper to explore, develop and produce in Kurdistan. These companies by pass the upfront blackmail charged charged by Bagdad, Shahristani in particular. They make more money in with less hassles in Kurdistan without having to pay the billions upfront to get a contract. [post 2 of 2]
2-20-2013 Newshound Guru Tlar Pretty soon unless Bagdad changes their attitude, there will be nobody left to do oil business with Bagdad and Kurdistan will be producing, transporting, and delivering as much oil as the government of Iraq. This is a good thing because sooner or later Bagdad, Shahristani in particular, will have to accept the HCL and Kurdistans contracts in place, or he misses out. [post 1 of 2....stay tuned]
2-20-2013 Newshound Guru Mailman17 NOW, DID IRAQ (NOT INCLUDING OLD MALIKI) KNOW THIS WAS COMING? I THINK THEY DID. HENCE THE PUSH ON THE ART 140, HCL, ECT. BUT, I BELIEVE THIS IS A WARNING TO IRAQ THAT NO DELAYS WILL BE TOLERATED, NOT EVEN A DAY, IMO. THE POWERS TO BE HAVE HAD IT. ITS TIME TO PLAY HARD BALL. I ACTUALLY FEEL GREAT ABOUT THIS HAPPENING AND HAPPENING REAL QUICK. NOW ITS TICK TOCK TIME, IMO.
2-20-2013 Newshound Guru Mailman17 THE WORLD IS GONNA HIT THEM WHERE IT HURTS THE MOST...THE POCKETBOOK, FEB 23, LOAN DUE...NO EXTENSION. BOTH ASSETS ABROAD AND NOW IT SEEMS EVEN THE DFI THAT WAS PROTECTED BY THE US IS ALSO UP FOR GRABS. BOUT TIME THEY FIGURED OUT THE ONLY WAY TO HURT THESE GUYS IS TAKE THEIR MONEY. THOSE INVOLVED WITH IRAQS PROSPERITY, IMO, HAVE FINALLY SAID ENOUGH. NO MORE THREATS, NO MORE PROMISES YOU NEVER INTEND TO KEEP, BAM, ENOUGH IS ENOUGH. [post 1 of 2....stay tuned] 2-19-2013 *** Dinar Guru BREAKING NEWS *** An article just surfaced...a high political source leaked the US Treasury and US Federal Reserve delegation will hand deliver a letter informing the Government of Iraq they are concerned about Iraq's financial developments and the U.S. will NOT renew DFI fund protection...the essence of the American message boils down to that the U.S. administration is not interested in the protection of Iraqi funds in the account of the Development Fund for Iraq “DFI” of the Iraqi Ministry of Finance. The source added that the U.S. administration would raise her hand to protect Iraqi funds in the month of May 2013, explaining that he will inform the Iraqi government’s decision not to renew according to an official letter." If this holds...it means unless Iraq has agreements in place with disgruntled countries, businesses and individuals before May 2013 BILLIONS of Iraqi funds will be vulnerable. Stay tuned...the gurus will comment on the ramifications (good and bad) of this major news leak and how it effects your investment!
2-19-2013 Intel Guru Frank26 LAST NIGHT DELTA'S TEAM EXPLODED WITH EXCITEMENT...NO ONE ON THE NET IS AWARE OF WHAT WE ARE ABOUT TO RELEASE TONIGHT FROM THE CBI. AS WE TOLD YOU SHABIBI WAS, IS, BUT NEVER SHALL BE INVOLVED IN THE LIFTING OF THE 000'S OF THE IRAQI CURRENCY EVER AGAIN. HE IS WORKING RIGHT NOW BY PROXY THROUGH TURKI TO ACCOMPLISH WHAT THE 2013 BUDGET AND THE GOI ALONG WITH THE EXPLOSIVE ECONOMIC FUTURE THAT IRAQ REQUIRES IN THE YEAR OF OUR LORD...2013. [post 2 of 2]
2-19-2013 Intel Guru Frank26 LAST NIGHT AROUND 3AM EST. THE CBI RELEASED A MAJOR ANNOUNCEMENT THAT IS EXTREMELY VITAL TO OCCUR BEFORE THE RELEASE OF THE NEW RATE INTO THE 2013 BUDGET!!! WHERE AS YOU THINK THERE IS ANOTHER DELAY TODAY...THERE IS NOT. I KEEP TELLING YOU THE BUDGET IS DONE. THINGS THAT ARE NONE OF OUR BUSINESS ARE STILL NONE OF OUR BUSINESS UNTIL THEY CONSIDER IT TO BE SO. [post 1 of 2....stay tuned]
2-19-2013 Intel Guru Flashing if u take a time and see how governmental accounting work u may notice that the rv could happen before or after or they may include it on the budget. The RV rate established or anticipated may influence the budget, but the budget does not influence the rate. im still waiting for the washington meeting but it is just my opinion. i am convinced that we will have our rv soon but i have received information that the best window for this month is next week...again i still thinking we are doing great and we will see it soon but imo not this week. [post 2 of 2]
2-19-2013 Intel Guru Flashing rumors are great about this month but u know the accuracy rate of rumors is low, rumors are anytime now. my personal opinion is different... i personally make a bet that there will be no rv this week... i hope to be wrong but i doubt it...dealers still saying this month but they are hesitating. imo, the back wall will be the date in which the frozen funds will be released and will be available for use by iraq. so that means may 2013...the rv could happen before as long as the pending protocols being done...pending matters related to meetings and signatures of documents...it is just my opinion. i am not saying it will not happen before may, i said the backwall is may. [post 1 of 2....stay tuned]
2-19-2013 Newshound/Intel Guru BGG Article: "Nouri al-Maliki offers bribes to MPs to save him from falling" It would appear Maliki is doing everything he can (not even stopping short of bribery and extortion) to maintain his tenuous hold on the Iraqi Prime Ministership. Primarily pointed out in this article is his aim to bribe those of the opposition probable to vote against him when the time comes (as in soon).
2-19-2013 Intel Guru Blaino "REVALUATION WARNING!...Dinaricon Alert level 5+...due to freshly received intel in the last few minutes.
2-19-2013 Newshound Guru Kaperoni Article: "Three major Iraqi banks are preparing to protest against the central bank governor and describes" The banks cannot make a profit. Banks are not lending (to risky) and nobody is depositing any money. The CBIs auctions (including all banks) is there way of helping banks survive. At least with the auctions, they make a commission on dollars sold (which all Iraqi’s want). With the promise of international investment, convertibility, and a free market economy all stalled, these banks have nothing. Do you all remember that bank a few months ago that was selling cars to survive? IMO, This is a real mess and the CBI needs to just take control of monetary policy and stop letting Maliki interfere.
2-19-2013 Newshound Guru Joey [via RVme] They have Maliki in an uncomfortable position. Maliki can't hold back The House of Representatives passing laws...they're going after 24 more corrupt judges and most likely they're already gone. Also the Integrity Commission is watching Maliki's every move.
2-19-2013 Newshound Guru Doc What is most encouraging is that our sources and news reports are starting to line up. It appears Iraq is under tremendous pressure from the outside to live up to its potential. Also things like chapter 7 and WTO are being used as a leverage point by the international community. Our opinion is to watch how things unfold concerning Maliki. It appears the other key issues are ready to go on paper and the world is awaiting the power sharing scheme to become real. We do not know which will come first but agree with others that all the issues will most likely be suddenly resolved pretty close to each other. Based on media and other sources we still believe it to be several weeks or longer before all the dominoes are aligned. We report, you decide. [post 3 of 3]
2-19-2013 Newshound Guru Doc The really encouraging news is that the core fundamentals appear to be lining up nicely. Much news has detailed work toward HCL, WTO, banking laws, chapter 7 and most importantly neutralizing Maliki. Many have suggested if a stable GOI is required for a RV then we will never see it since Iraq will never be stable. What these fail to understand is Shabibi defined stable as a power sharing system which we all know Maliki has fought tooth and nail to prevent. The recent news suggests a true power sharing GOI is in the works. Also as we speculated 2 weeks ago it is now pretty obvious the Kurds have linked the HCL to the budget for negotiation purposes. [post 2 of 3....stay tuned]
2-19-2013 Newshound Guru Doc We encourage everyone to take a deep breath and quit getting caught up in the minutia of a single event...there is not one event that will "trigger" currency reform and especially not the budget. Budgets have come and gone without the RV and this one could easily be no different. We need to remember the goal is to have Iraq's economic fundamentals strong for the long term. To get there things like a stable GOI, secure assets (HCL), banking laws, etc.. need to be in place. As we have speculated and we continue to believe many of these will come quickly together once the first domino falls. Yes, the budget could be in the "dominoes" but it is not the exclusive event for the RV. [post 1 of 3....stay tuned]
2-19-2013 Intel Guru OCrush The other blocs are fine, its the kurds and the national alliance that are still negotiating. The good thing is Nujaifi is presiding so there is a good chance this will finish today.....[ADDED COMMENT] Word is the NA and the Kurds have agreed. They will have there prayers and hopefully go back for the vote. This is Nujaifis choice. He wants everyone to feel comfortable. He may postpone it till tomorrow or thursday. Don't forget this is the second to last hurdle, once they pass the budget they need to make sure everything else is in place (laws). Timing is everything!
2-19-2013 Newshound Guru Med Article: "Urgent .. Channel Iraq: Al-Maliki calls for Barzani to visit Baghdad" BARZANI WILL NEVER GO TO BAGHDAD HE WILL FIND A WAY TO ARREST HIM.
2-19-2013 Newshound Guru Phoenix3333 Parliament postponed today's session to Thursday, February 21st for lack of a quorum and the lack of agreement on budget. Just my opinion...But, I don't expect to hear about the budget passing until after the markets are closed on Friday. If they actually pass it, which they better do very soon.
2-19-2013 Intel Guru American Contractor Regarding the Iraqi dinar currency situation, there has not been any signs of uplifting the suspension of the printing of the new Iraq dinar currency. A finance committee meeting will commence in Late March or early April to determine the status of the printing of the new currency. Be aware that, this is not to be mistaken as a sign that something is going to happen in March or April. [post 3 of 3]
2-19-2013 Intel Guru American Contractor The Kurds are disgruntled with the Iraq central government. The Kurds had previously maintained the national budget at 17% and now PM Maliki wants to cut it to a mere 12%. The cut is estimated to be costing hundreds of millions of dollars. The intention is to fund services and projects. The reason behind the cuts is to compensate for the deficit when the Kurdistan Regional Government (KRG) decided to stop paying the central government in oil sales. ExxonMobile has made a corporate decision to drill in northern section of Iraq and is contemplating on giving up the oil fields in the southern part. [post 2 of 3....stay tuned]
2-19-2013 Intel Guru American Contractor [long, long time, no see] There has been major conflict between the Shia, Sunni, Kurds, along with the Iraqi government that is causing a rift in passing the Iraq national budget. There are many other hurdles in the process of getting a national budget passed in Iraq. For starters, there is a parade of non-stop protests in Iraqi cities calling for the ouster of PM Maliki. In the meantime, PM Maliki will hold onto power and look forward to the next national elections in 2014. There are Iraq politicians carefully taking sides and others who are just watching the current situation unfold. Most politicians are refraining from participating in anything related to government affairs, such as passing a bill. They are fearful of alienating themselves should a new power government powers step up. The typical Iraqi politician is very cautious in who he aligns himself with as it could result in a loss of employment or demotion from a high level position from within the central government. [post 1 of 3....stay tuned]
2-19-2013 Intel/Newshound Guru Poppy3 I TOLD EVERYONE THERE WOULD BE ZERO ACCOMPLISHMENTS WHILE OUR PEOPLE ARE THERE. PARLIAMENT POSTPONED TILL THURSDAY AND IF OUR...DIGNITARIES ARE STILL THERE THEY WILL POSTPONE AGAIN MAYBE ALL THE WAY TO NEXT WEEK. WHEN OUR PEOPLE LEAVE IRAQ WE WILL SEE SOME FURTHER PROGRESS.
2-19-2013 Intel Guru Delta [via Leo] a free float will never work for Iraq because Iraq only has oil to export and oil is tied to the dollar. when the rate comes out it will basically shock a lot of people in a good way...I might be wrong!! I like to give you one last thing to think about, Iraq told the CBI they are going to print 28 billion dinar .. with a population of about 32 million people with a GDP of about 120 billion for the year .. in order to do that the rate has to be over $3.00 .. everyone will be happy .. don't listen to those articles .. Iraq government and the media did a excellent job misleading a lot of people nation wide and around the country.
2-19-2013 Intel Guru TerryK [article: "CBI is working to issue currency class of 100 thousand dinars soon; Urgent need for coin Posted: February 18, 2013 in Iraqi Dinar/Politics"] IT'S SMOKE. IT'S A OLD ARTICLE SENT OUT AGAIN.
2-19-2013 Intel Guru Bulldog75 [what's your take on the Dong?] .33 IS A NICE NUMBER.
2-19-2013 Newshound Guru Joey [via RVme] The Kurds said Sunday Barzani will release an initiative to call the National Meeting which will occur in March to gather all political blocs and settle crisis. They have 2 calendars in Iraq. February and March are considered the SAME month. If all the delegations arrive next week, then why isn't Barzani going to be in the country? Barzani will be in Moscow February 19-23. She says they already told us they...had a meeting. She says makes ya wonder, doesn't it? 2-18-2013 Intel Guru TerryK I HEAR THAT THE RATE IS FLUXUATING ACCORDING TO SOME, NOT SO BY OTHERS. I'M HEARING THE 22 AND THEN THE 25. I'M HEARING NOTHING HAS CHANGED AND TONIGHT THINGS ARE TO MOVE, FROM MAIN SOURCE. NOW I DID HEAR THIS, FOREX SITE WENT BLANK FOR ABOUT 10 MIN TODAY. CL [CHRISTINE LEGARDE] WENT TO RUSSIA AND NOTHING WAS DONE. [post 2 of 2]
2-18-2013 Intel Guru TerryK I GOT YESTERDAY THAT THIS MAY PUSH OUT A FEW DAYS FROM ONE SOURCE, THIS SOURCE IS A GOOD ONE...BUT DON'T FRET ITS COMING. NOW THE OTHER SOURCE IS TELLING ME AT ANY MOMENT AND HE IS IN THE KNOW, SO I GUESS WE WAIT AND TRY TO SEE HOW THIS PANS OUT. [post 1 of 2....stay tuned]
2-18-2013 Newshound Guru Tlar Article: "CBI reveals issuing currency class 100 thousand dinars soon 02/12/2013 Palm - central bank adviser said the Iraqi "appearance of Mohammed Saleh" that the Iraqi currency need to expand and we will issue a currency class 100 thousand dinars." This article is bogus. To print a 100,000 note and not print the smaller denominations make no sense. They have been pulling the 3 zero notes out of circulation since April of 2011. This would mean that the denominations would be 100,000, 1000, 250' 100'. It doesn't even work on paper unless they re-release the 3 zero notes, the 5000, 10000, and 25000. Kap [Kaperoni] you are spot on, IMO. The article is screwy and deceptive. Hmmm. Deceptive, as it certainly would "discourage" some one looking to invest in the currency.
2-18-2013 Newshound Guru Kaperoni Article: "CBI reveals issuing currency class 100 thousand dinars soon 02/12/2013 Palm - central bank adviser said the Iraqi "appearance of Mohammed Saleh" that the Iraqi currency need to expand and we will issue a currency class 100 thousand dinars." This is a strange article. Saleh is not at the CBI anymore, yet it mentions former CBI Shabibi. The article was posted and dated yesterday and but appears to be old information. Go figure. Unless they are just trying to keep attention on the currency in Iraq. And the reference to 100,000 dinar is easy because Iraqi's would understand. When in reality, it's a 100 dinar.
2-18-2013 Newshound Guru Bondlady i personally firmly believed and still do... that before we could ever see an rv there was at least 3 major things that had to happen first: 1 - implement article 140, 2 - hydro carbon law and 3 - monetary change. 2 weeks ago i found the hcl article where it said they tirelessly worked on the hcl until it was finally ready for its first reading in parliament, we have article 140 pretty much a done deal, checks are supposed to go out tomorrow to pay compensation or the beginning of paying out but major check disbursement, kuwaits got settled 500 million USD for their airway/ airlines and after 22 years now have flights to and from kuwait to bagdad, and then tomorrow i believe the budget will pass and because they have fought over it for basically 6 months already it should be activated within 15 days after its passed provided that no one files any new amendments to it which i dont think they will. some very good news out lately... good things coming i think. [post 2 of 2]
2-18-2013 Newshound Guru Bondlady Article: "Issuing currency class 100 thousand dinars soon |on 18.02.2013 | Author Ali Hussein | ---BAGHDAD / electronic integrity The adviser said the Iraqi Central Bank the appearance of Mohammed" Saleh, said that "the Iraqi currency needs to expand, and we will work on issuing currency class 100 thousand dinars." IF this is true then their not going to release the ld's imo their going to continue on with the notes we have right now which imo means the 000's will be coming off the rate and not the notes. a year ago, when the articles said all through the years the zeros would come off 1 by 1 as the economy improved, i think this is really whats happening here if that article is true...this is what we want to happen, no freakin lop...if they were to take it off the money we wanted ours to be face value at least. [post 1 of 2....stay tuned]
2-18-2013 Intel Guru Okie_Oil_Man THIS APPEARS TO BE A WEEK OF SUCH HISTORICAL IMPORTANCE THAT YOUR GREAT GRANDCHILDREN WILL READ ABOUT IT IN THEIR HISTORY BOOK'S 100 YEAR'S FROM NOW----NUFF SAID!!!
2-18-2013 Intel Guru OCrush The budget quorum still remains open in parliament and once the kurds are satisfied Nujaifi will bring it to the floor for a vote and if all goes well he will give it his blessing. The Kurdish parliament also approved there budget but it still needs the blessing from there president to make it official. Negotiations are very active between them (open letters) and the un delegation are the mediators. As far as the surplus goes they inked a 25% deal of the oil proceeds for the kurdish provinces. The Barzani Initiative, with the help of the US, will change the political landscape and they will truly have a democracy that follow the laws of there constitution. [post 2 of 2]
2-18-2013 Intel Guru OCrush The new employee contracts for the oil minister have been completed. They are attached to the 2013 budget. Once the final version of the budget is approved the contracts for them will be activated. Nujaifi holds the key for the final version to be approved. You see parliament gave the okay on these contracts and Nujaifi gave it his blessing. Now, Nujaifi is waiting for the blocs (specifically National alliance) to approve the 17% of the oil proceeds to go to the Kurds. [post 1 of 2....stay tuned]
2-18-2013 Newshound Guru Kaperoni Article: "Iraq has elements of economic qualify to join the World Trade" Iraq needs to make the dinar internationally convertible by going to Article 8 of the IMF guidelines. What "regime" they use is yet the be determined (we anticipate a free float). This article refers to "laws" and more than likely there are several waiting on a final vote to liberalize the economy which will facilitate investment, trade, etc. An article the other day stated much of those will pass in a "basket" directly after the vote on the budget.
2-18-2013 Intel Guru SteveI Until Maliki goes do not expect much. Things are getting worse faster than they are getting better. Sad to say but true. Now the United States military has to step in? What does that tell you? I heard about the bombing this morning and now read that Maliki is behind it. I am still waiting to hear from my contacts. I was told tomorrow is the budget day and it was delayed due to the bombings. I am still being told despite the problems, this week is our week. Let it play out and great things are about to happen.
2-18-2013 Intel Guru Blaino just heard from the BANK...Rates are "jumping" all around...As they were on saturday...Vnd too, as high as $3+ as low as $.02.... Iqd same thing, but not so much fluctuation...That's all for now, back later when there is confirmed information, as this is!
2-18-2013 Newshound Guru Tlar Article: "To each pen Sial and equitable right d. Shabibi" I'm not sure who wrote this but he is on the right side of history and has a unique understanding of the situation. He calls a spade a spade. I don't see Shabibi returning but he was and is still a great influence on the CBI and his nation. In future history textbooks, the post dark ages of Maliki, he [Shabibi] will be remembered as one of the founding fathers of the new and prosperous Iraq, instrumental in building the foundation of the new economy. Maliki will be remebered for wasting 10 years and causing undue hardships on his people to get personal wealth and power. I hope both men receive their just reserves.
2-18-2013 Intel Guru Blaino there is some stuff thru the night from the "architect"...We need to let the clock tick a little...Tomorrow could be the best time for 'our eyes to see' this thing in a public WAY...Some circles initially thought they may be blessed before the masses, this will not be done, the ladle dips only one time for each to DRINK. so, the second DIP...Or "double dip" is not too likely. so, take a sip of hopium, and pass the bottle on!
2-18-2013 Newshound Guru Med IT APPEARS THAT AT THE LEVEL THEY ARE AT, THEY ARE NOT SUCCESSFUL. IT WILL TAKE AN ESCALATION TO PUSH THINGS FORWARD NOW, IT APPEARS, WHICH MEANS BLOODSHED AND MOST LIKELY A LOT OF IT SO THAT IS WHAT I AM LOOKING AT. I WANT TO MAKE ONE THING PERFECTLY CLEAR AS FAST AS THIS DISASTER HIT IRAQ AND OUR INVESTMENT IT CAN CLEAR UP JUST AS FAST. [post 2 of 2]
2-18-2013 Newshound Guru Med IF THEY EVER RESOLVE THE HCL THAT IS A SIGN OF THINGS MAYBE SOFTENING ON STANCES. ALSO IS TALIBANI DEAD, SOUNDS A BIT COLD, BUT THIS IS HOW A MAKE OR BREAK WORKS AND IF HE IS DEAD DOES ALLAWI MOVE INTO THE POR POSITION. ALSO THE MOVE BY THE KURDISTAN ALLIANCE TO SAY NO TO REMOVING NAJAFI AND JUST WHAT ARE THE PROTESTS ACCOMPLISHING. [post 1 of 2....stay tuned]
2-18-2013 Newshound Guru L. J. John Kerry is sending a delegation of 6 people to the Kurdistan Region to try to figure this out. That is to happen next week. I don't look for anything with the budget or anything being done before these guys get there. But, it's not about the budget, it's really about the meetings that are taking place there. The laws are already on the books. They have no President to sign them, so they can't be ratified. They have to make a decision if Talabani can't continue with his duties, they have to switch him out with someone from the Kurdistan region and get that done really quickly. They are working diligently to find a solutions the problem. [post 2 of 2]
2-18-2013 Newshound Guru L. J. The events that are taking place are moving us progressively to a stablized government. That is the next step. There is no such thing as the budget having anything to do with the change in the value of the dinar. That's my belief. Barzani is working extremely hard to get a consensus among the political leaders in Iraq to move forward. Do I think they will get it done before the 28th? No, they have a hard time meeting deadlines. There have been discussions that have included Allawi taking over as President. Allawi has already said he can't take the office of the President, he can't represent the Presidency because he is of the Iraqi List. There is no such thing as a person from the Iraqi List getting the Presidency. But, they keep trying to figure it out. [post 1 of 2....stay tuned] 2-17-2013 Intel Guru TerryK I HAVE IT ON GOOD HANDS ITS WITHIN HOURS, DAYTIME HOURS LIKE TOMORROW AFTERNOON. I DONT THINK THEY ARE GOING TO MAKE A LOT OF FAN FAIR ON THE DINAR OR THE DONG. TO BE HONEST IT WILL JUST SHOW UP. LETS SEE WHAT TOMORROW BRINGS. [post 2 of 2]
2-17-2013 Intel Guru TerryK CL [CHRISTINE LEGARDE] DID MAKE A SPEECH BUT SHE DID IT IN RUSSIA OF ALL PLACES BUT IT WAS NOT ABOUT THE ECONOMIC RECOVERY PLAN ACT. WITH THAT SAID, MY SOURCE TOLD ME THAT WE ARE STILL ON TARGET FOR TOMORROW AFTERNOON WITH EXCHANGE TUESDAY. THATS FROM EAST COAST CONTACT. SO THAT IS GOOD. SOURCE TWO CONFIRMS THAT, NOTHING NEG. [post 1 of 2....stay tuned]
2-17-2013 Intel Guru OCrush The Republic of Iraq will join the wto team in FULL:))) This is exciting because...they need a tradeable currency to be full participants without special conditions being placed as full members. This way countries will do business with them without them worrying if they are going to get paid. This will also open the door for Iraq to place themselves into the IMF's article xiii;)) We also know the IMF's sa [Standby Agreement] ends Feb. 23. We have the Wto, IMF sa expiring, new Barzani initiative, history making budget...yes, it's ALL GOOD:)) [post 2 of 2]
2-17-2013 Intel Guru OCrush It seems there will be a training session taking place in Turkey on a Multilateral trading system. The training will involve close to 100 iraqis (ministers, institutions, public officials from trade, education, finance and so on). This training is for 5 days in Turkey and it starts February 25 - March 1:)) The training will also guide them to what responsibilities they will have being full members of the wto. We believe just before the training starts, the wto will assend Iraq to full membership. [post 1 of 2....stay tuned]
2-17-2013 Intel/Newshound Guru Poppy3 I know from the State Department that they were anticipating that everything was to be taken care of by Wednesday of this week as far as Maliki is concerned, that he was to be stalemated or nullified as far as his power. If they are going there to finalize alleviating his power, than I'm excited. I'm very positive as to what I'm hearing, but I'm very cautious as to how I read it. With this dinar situation, I don't see anything that can delay it long term, everything is short term, everything can be decided and implemented short term.
2-17-2013 Newshound/Intel Guru BGG There are significant meetings going on to discuss some kind of replacement for Maliki. Now when is that, I don't know what that will look like. I fully expect this noise about Maliki being replaced probably is real. What comes of it, that's another story. I alluded to the fact that I'm looking to hear some big news in the next several days, this is probably the start of that news. If Maliki is left in there as he is today, until there is a change in the power structure, there will be no change in the currency. Recently things are changing rapidly and that's just awsome news for us. There is some more good news coming up in the next 24 - 48 hours...earth shattering news...you can pretty much look for it. I can't guarantee what that news is, but it's going to be big. All of the news happenings is spectacular.
2-17-2013 Newshound Guru Tlar Article: "Iraqi reveal a plot to assassinate its leader with rockets in Baghdad" Who would benefit from killing Allawi? By process of elimination we might be able to ferret out the culprit or party. It's not the US. It's not Barzini. Most likely it is not elements of Iraqiya. It is probably not Sadr because there would be nothing to be gained by it. I don't think it would be sponsored by any government like Jordan, Turkey, Syria, Qatar or Saudia Arabia. Hmmm, that leaves only 2 suspects that might have tried to kill Allawi. Maliki and the Dawa party or terrorists. I vote for the worst amongst these two choices - Maliki.
2-17-2013 Newshound Guru LoriC Great news about the HCL today. It's looks like we're getting really close to seeing the amended HCL passed FINALLY!! Here's one of a few articles released today: "Political blocs agree on the Announced the decision of the Commission Deputy oil and energy/Kurdistan blocs Coalition/Kassim Mohamed Qassem, a positive political movement among the parliamentary blocs agreed to pass a draft oil and gas law legislation in the House of representatives."
2-17-2013 Intel Guru SteveI First of all, it is not over just quite yet but pretty darn close. Actually close enough to almost call it done and over like [Wife in the Know] said. I do strongly believe it will be very shortly, however a few more days seem to be looking better and better. I am hoping to share more late Sunday or Monday on the status of things that we are aware of that need to be completed yet. Now, I absolutely agree with her timing...spot on if you ask me...When I give my last advice, that will be one you can take to the bank. Is it possible to be nervous and excited at the same time?
2-17-2013 Intel Guru Blaino Maliki’s Goon Judge flees Iraq, this guy fled even though he had 60 days to appeal….Oh what a surprise, I do believe Maliki’s house of sand is starting to blow apart in the wind! this judge was and has been in power since saddam's days...he is maliki's right hand judge he goes to when he wants to corrupt things, stop things, get things tossed out of court..he gets this judge to render bogus arrest warrants, etc...this is so huge...maliki no longer controls the courts...now you will start seeing the laws fly.
2-17-2013 Newshound Guru Mountainman It looks like Tuesday may be our day for the budget. Fingers crossed. "Budget Vote Tuesday: Parliament to resume its session next Tuesday to vote on Budget Law of 2013. The parliament will resume its session on next Tuesday to vote on the Federal Budget law of 2013. Parliamentary source stated to IraqiNews.com “The parliament session of next Tuesday involves only the vote on the Budget law,” but the source did not indicate whether the blocs reached agreement about its draft."
2-17-2013 Newshound/Intel Guru BGG Article: "Iraqiya coalition: We have information stating an attempt to bomb Iyad Allawi’s headquarters by missiles." Very odd timing that Allawi is announced as a legitimate candidate to take over Talabani’s spot as the POR and the very next day his home in Baghdad is hit by a rocket/mortar attack. Has anyone stopped to think about how much a rocket costs?? This was no “para-military” deal. It was government type money spent on this little “raid”. Was it a message? Sure – but what did it say? “WE’RE DESPERATE”!! Me?? I think they smell blood in the water…but that’s just me.
2-17-2013 Intel Guru Blaino $3.86 was the last we HAD... Before the foreign currency screens went dark a couple of days AGO... Oh, by the WAY... They are back up and "renumerating" as of this afternoon!!!
2-17-2013 Intel Guru Wife in the Know The updates you have been getting from the individual...OCrush are again factual and right inline with everything I keep hearing from my end. In fact, his insight comes from a line of sources that travels a completely different path, yet always ends up near or there about with what I hear. I come this last time to lift up those who fail to see the whole truth and sag with doubt, joy should be upon you now you made it. Smile : ) my friends it's over! [post 2 of 2]
2-17-2013 Intel Guru Wife in the Know I have been informed of certain events and timelines that have occurred and are on the forefront of occurring. My husband assures me that the recent Kurdish budget approval is a sure sign that the other blocs are finally in agreement with one another and the Iraqi budget is all but made public. Which this is to be done by mid week or sooner and the revalue is to follow immediately. [post 1 of 2....stay tuned]
2-17-13 Newshound Guru LoriC We're continuing to see more international pressure from the international community to develop Iraq's economic sector up to speed to facilitate their accession. These among many other recent reports about the budget progress have me very encouraged. 2-16-2013 Intel Guru Blaino Our contacts and information partners are still adamant that all is in readiness...All is complete and all is prepared...We need only allow the time to pass until the release is moved into the light. It appears to exist in the shadows now and for a brief period of TIME...Most have been silent as the last 16 hours or so have rolled on toward the ultimate satisfaction of our desires! Stand fast and de-stress...We will soon be transported to a brighter future.
2-16-2013 Newshound Guru Mailman17 WILL MALIKI STEP DOWN? OR, WILL HE MAKE A DEAL FOR IMMUNITY? HMMMM TIME WILL TELL. IF ALLAWI GET THE PRES, HES AS GOOD AS PUTTING A WIG ON AND LOOKING LIKE THE QUEEN OF ENGLAND, A FIGUREHEAD, HIS REIGN IS OVER...IRAQ CAN PROSPER.
2-16-2013 Newshound Guru Shredd The CBI met with "directors-general of private banks and the Iraqi civil operating in the country" to develop these mechanisms so investment can happen. IMO, This confirms for us: 1. The dinar exchange rate is going to grow (no lop). 2. The dinar exchange rate is going to grow quickly (otherwise no need for mechanism to address this issue). 3. The dinar exchange rate is going to grow soon, because: (international investors are not being attracted due to iraq still being in chap 7...and it looks like that is being addressed soon which will remove this negative perception from international investors and they will want to come running to Iraq!). I think the CBI is revealing a lot to us, regarding timing, progress and urgency. [post 2 of 2]
2-16-2013 Newshound Guru Shredd Article: " Central Bank looking mechanisms to support investment in Iraqi dinar " IMO, the CBI is saying to us very openly, that the exchange rate is about to and NEEDS TO change quite a bit.. So as not to hinder international investment, I believe the CBI will have mechanisms akin to legal agreements that will adjust the notional amount of investments to adjust as the exchange rate matures to where is normalizes...Now, some of us think the dinar will grow via a free float while others think it will grow via a continued managed float.....or maybe a combination of both. This is exciting to see! [post 1 of 2....stay tuned]
2-16-2013 Intel Guru OCrush This is all moving extremely fast! After Barzannis visit to Russia, all the bloc leaders have entrusted him to head the meetings with the EU in Erbil. Somehow, we believe the political landscape has changed. It seems the blocs that were against Maliki have unified with the Kurds and have allowed Barzanni to head it all! This is fascinating to say the least. There will be many representatives from the EU (ambassadors and so on) to sign agreements since the european framework agreement was put in place a couple of weeks ago. We think the rv will take place before the next weekend is out. Cheers all:)) Wait a minute! I misunderstood my cousins email. The EU already met with Barzanni. This is moving very very fast. They must have completely I mean completely finished this initiative... the blocs leaders are working as a unified unit. Wow!
2-16-2013 Intel Guru Blaino batteries in both cphones [cell phones] are boiling, using a headset, the cphones are too hot to TOUCH...Constant USE.... gold was way down in early trading...Silver too...wf BANK...Open monday??? Hummmm! NOW, We also know a great amount of other details that make it clear THAT...(this is the analyses part) some 26 or so countries are likely about to endure some change in VALUE. Some up a little some down a little, some...Huge with INCREASES...Like our 2 favorites....Any guesses which they might be???? : when??????? When, when, when??? I could tell you "SOON".... I will not! : there may be some liability involved with a specific time or DATE. [post 2 of 2]
2-16-2013 Intel Guru Blaino where is former chief of staff jack lew???? (unconfirmed new sec of the treasury) ???? where is christine legarde? (imf mfic) [main female in charge!] might they be together in a large stone building with ust over the DOOR...Attending to the birth of something big? methinks that's a good place to LOOK...The birth announcement may issue forth from there ...SAY...Five-ish....Eastern (of course) [post 1 of 2....stay tuned]
2-16-2013 Newshound Guru Mailman17 IN ESSENCE, IRAQ IS ON A VERY SHORT TIMETABLE TO GET EVERYTHING DONE, SIGNED AND IMPLEMENTED AND IMVHO, THEY SHOULD BE DONE BY THE 23RD AND NO LATER THAN MAY. BUT IT DOESNT MAKE SENSE FOR THEM TO AT LEAST COME OUT TRADEABLE...WHETHER ITS 1000-1 0R PAR. WE ARE LOOKING OUTSTANDING. THE NEWS TELLS ME AND I HOPE IT TELLS YOU AS WELL THAT WE TRULY ARE IMO...ALMOST HOME. [post 3 of 3]
2-16-2013 Newshound Guru Mailman17 ART 140 AND THE HCL AS WELL AS THE BUDGET, I EXPECT TO ALL BE DONE BY THE 23RD OF THIS MONTH AS PER THE 140 CHECKS BEING ISSUED NEXT WEEK. IRAQ HAS HAS TOP LEVEL MEETINGS REGARDING THE PRESIDENTS. THE HEAD OF THE SUPREME COURT? GONE....AND REPLACED AND NOT BY A GOON OF MALIKI. TURKI? HE JUST MAY BE GONE TOO. [post 2 of 3....say tuned]
2-16-2013 Newshound Guru Mailman17 NOT CLEAR WHETHER IRAQ WILL PAY THE FEBRUARY LOAN OFF IN DOLLAR OR DINAR. I BELIEVE IT WILL BE IN DINAR I ALSO BELIEVE THAT WAS THE DEAL CUT BETWEEN SHABS AND THE IMF THAT IRAQ WOULD HAVE A TRADEABLE CURRENCY BY THAT DATE. THAT BRINGS US TO MAY, 816 BILLION DOLLAR UP FOR GRABS THEIR FROZEN ASSETS UNLESS THEY CAN GET OUT OF 7 BY THEN...AND WE ALL KNOW THEY AINT GETTING 7 WITHOUT AN RV AND POLITICAL STABILITY. THAT IS WHAT THEY ARE NOW SCRAMBLING TO DO, GET RID OF MALIKI OR AT THE VERY LEAST MAKE HIM A FIGUREHEAD TILL THE NEXT ELECTION. [post 1 of 3....say tuned]
2-16-2013 Newshound Guru Tlar I am reminded that with almost every statement that was made by economists and the CBI that mentioned they were delaying the removal of the zeros until 2014, they put a qualifier. "Unless the political situation improves". If there is a real agreement allowing Maliki to finish his term, enacting the important parts of the original Erbil agreement like the Security Minister and making Allawi the president, this IMHO would qualify as real improvement in the political situation. It has taken the US about a month to nueter Maliki but they have achieved what I was beginning to think was the impossible. Maliki would not have agreed to this new Erbil agreement unless he received immunity from prosecution and a graceful ending to his riegn as PM. This is US engineering at its finest if I've ever seen it. [post 2 of 2]
2-16-2013 Newshound Guru Tlar Article: "A Kurdish source reveals the political Summit of leaders of political blocs in Arbil, a Kurdish-American support" Talabini is either extremely ill or he is dead. The Kurds have not replaced him yet because it was to their advantage not to do so. Talabini suffered a debilitating stroke and he is in his late seventies. Before the stroke he had already expressed his desire to resign and he was sick all of the time. He won't be back. If the agreement in Erbil hosted by the Kurds is real, it looks like Allawi will be his replacement. Nice move Barzini. Well played. [post 1 of 2....stay tuned]
2-16-2013 Intel Guru OCrush We should hear something on this shortly. Now, Barzani has called for a formal announcement with all of the Kurdish leaders participating to tell the Kurdish people what took place during these closed door meetings. They will tell the people there future and announce something major. In turn Maliki, Nujaifi and the other bloc leaders will make there own formal announcement to the Shiites, Sunnis, Turks and Christians what they have accomplished and what there future holds. This is History in the making. Life changer for all the Iraqi's and it is very well coordinated. Sunday is a new beginning for Iraq and should be veeery revealing to our timeline. :)) [post 3 of 3]
2-16-2013 Intel Guru OCrush One significant member of Malikis bloc works in London and is trusted by the Brits and U.S. He spoke for Malikis coalition. This lasted for a few days and it was VERY successful. In turn...Barzani and the Kurd leaders were so happy they adjusted there Budget and past it today in the Kurdish parliament. Formal agreements were signed so there will be no backing out when this was done. It also included all disputes with Kirkuk under Article 140:) It also included an agreement with the HCL. :)) [post 2 of 3....stay tuned]
2-16-2013 Intel Guru OCrush President Barzani has taken the bull by the horns. When he came back from his visit in Europe (Davos, Ireland and a couple of others) he decided to represent all of the Kurdistan blocs to end this crisis. Most significate, he now represents Talabanis Patriotic Union, with there blessing. He had meetings with all of the Kurdish blocs, the Sadrist Bloc, representatives from the US Embassy (Beecroft and UN Dels) and the National Coalition (Malikis Bloc). [post 1 of 3....stay tuned]
Read more: http://www.dinarguru.com/index.html#ixzz2LYK7rY2W
2-14-2013 Intel Guru TerryK HERE HIS WHAT I GOT. THIS IS FROM A VERY CREDITABLE SOURCE. EVERYTHING IS SIGNED OFF. CL [CHRISTINE LEGARDE] IS TO MAKE AN ANNOUNCEMENT TOMORROW. OBAMA MAYBE MAKING A STATEMENT. WE ARE ON TARGET FOR THIS WEEKEND. SEEING IT ON SUNDAY NIGHT, FOREX. THIS IS DONE, DONE, DONE ACCORDING TO THIS SOURCE. THIS AGAIN IS A VERY CREDITABLE SOURCE, PERIOD. THIS IS NOT A RUMOR. THIS IS WHAT THEY KNOW IS GOING TO HAPPEN. IT IS A RUMOR FROM ME THO.
2-14-2013 Intel Guru Blaino A number of moving targets will all line up then, and will be easy to hit then! Citizens, sight your weapons! There could be some additional news this evening, and if there IS...You know i'll bring what i can! One 'entity' has reported and several have confirmed that the us nbsp;box is full N fact ...Over FULL...Yes, a surplus! HUMMMM...We "believe" that the ust (after 100 years and a few weeks) has finally gone back to work! One can only wonder and speculate at what the heck they are about in THERE.... Well, i'm not ONE.... I know what goes on! More than that i cannot say, HOWEVER...Get your 'excited' all gassed up and ready to rock! Methinks you're going to need it pretty soon! [post 2 of 2]
2-14-2013 Intel Guru Blaino there is a lot going on, quietly and to be SURE... Not nearly fast enough for all of us! At any rate, we are likely as not to see some interesting times in the hours ahead! Banks and their foreign currency situations are almost asunder... As is required 'before' there can be a sumation of our pursuits...Lil hint there for you! I understand they need to wrap up those concerns before MONDAY..Which is almost as interesting a day as...Tomorrow! [post 1 of 2....stay tuned]
2-14-2013 Newshound Guru Bondlady this time its reversed. when they do finish it this time and gazette it then it shouldn't have to be amended as their working through all those things now, hcl should be right behind that budget...art 140...hcl...infrastructure law, tarriffs, amnesty law, federal law its all about to come about ...just hang in there. internationally traded and recognized currency and international banking, WTO everything right at our door set to come about. Article 140 compensation starts next week... pretty much letting us know budget will also go then too...its awesome to see confirmations of the things we talked about. [post 2 of 2]
2-14-2013 Newshound Guru Bondlady even though they didn't pass the budget like normal on dec 31, 2012 and put it in the gazette, this way even though it seems longer is really shorter than before. i'll explain, before they would rush through the budget starting in october and gazette it by the last day of december and then go on vacation and within 3 days of it being in the gazette they would file for amendments and drag it out for months. [post 1 of 2....stay tuned]
2-14-2013 Newshound Guru Tlar Something or someone is supplying the motivation for Maliki to accept this deal. I think it could have something to do with Nujaifi's visit to Doha. It also is obvious that Maliki was probably offered immunity if he would take a back seat and let Allawi be president. I think without immunity Maliki could never afford to agree to let his arch enemy become President. Something behind the scenes has happened that we will never know about. I smell the US hand in this. I just hope that this agreement comes to fruition.
2-14-2013 Intel Guru OCrush Maliki is up to his old tricks again but without the top judge backing him it will go nowhere. We are sitting pretty, imo, and we should see laws and ministers (under proxy) being filled. Maybe this is why the Kurds have been delaying, they knew this was coming to an end. I am still shocked and happy at the same time. Even my cousin was astonished. History in the making. I mean this judge has been supreme since 2005.....WOW! Cheers All! HAPPY VALENTINES DAY!!!! [post 3 of 3]
2-14-2013 Intel Guru OCrush There is also movement with who is going to take over Talabanis position. Rumor is Talabanis' wife will have the position under proxy, this is Barzanis' choice and it would be a smart move on his part. There is also movement concerning Kirkuk. They recently agreed to include and approve within the 2013 budget indemnification money for the citizens of Kirkuk that were displaced or harmed during the Sadam years. This is huge because this was one of the disputes that needed to be taken care of under article 140 which falls under the Iraqi Constitution. [post 2 of 3....stay tuned]
2-14-2013 Intel Guru OCrush This is getting crazy and exciting at the same time. I am sure you all heard, Mahmoud, the top judge in Iraq has been removed (YIPEE!!). This was Malikis top go to judge when Maliki wanted someone arrested or discredited (Hashimi, Shabibi and so on). That power has been taken away from him. I AM SO HAPPY!!! [post 1 of 3....stay tuned]
2-14-2013 Newshound Guru Adam Montana [Just wanted to know after all of these years of waiting....is this something that you would do all over again?] at the end of the day, I still feel like I will not lose a penny that I invested into Dinar. Whether it ends up doubling over time or we see a huge increase - I think we all come out of this ahead (eventually!) So, yes - I would do it again.
2-14-2013 Newshound Guru Med I JUST GOT SOME NEWS FROM MY BUD AT THE EMBASSY, HE SAID THAT TOMORROW THE 14TH THERE WILL BE A CURFEW IN BAGHDAD AND THAT THE EMBASSY EMPLOYEES WERE TOLD THEY ALL CAN TAKE ANNUAL LEAVE AND STAY OFF THE STREETS. THEY EXPECT HUGE DEMONSTRATIONS HE SAID THERE ARE CHECKPOINTS ALL OVER. HE SENT ME A BUNCH OF PICS BUT I CANT POST THEM. THIS IS TYPICAL, EVERY TIME SOMETHING IS HAPPENING IT IS A COUP, AN ASSASSINATION OR THE U.S. HAS LANDED FORCES.
2-14-2013 Newshound Guru Mountainman I still maintain that a permanent GOI, HCL passage and the budget is all we're waiting for. All these issues appear to be addressd presently though, which is great news. We're just going to have to be patient a little longer but good times are ahead. IMHO.
2-14-2014 Newshound/Intel Guru Flashing everything around us is very good just take a look to this: Iraqi Airways will resume flights to Kuwait after 22 years of interruption. CBI reserves will make Iraq immune from the global economic shocks and for 10 years International Maritime Organization expresses readiness to cooperate with Iraq maritime sector. CBI participated in the Arab conference in Cairo. Maliki discuss with British minister ways to enhance the bilateral cooperation. CBI looking with a number of foreign banks ways to expand Iraq. ok people just follow that meeting on washington and be happy because it is upon us based on rumors.
2-14-2013 Intel Guru Blaino teller screens are flashing the rate since last tuesday afternoon, 4pm PST...So over a week NOW..."never before" has "never before" been so.... Interesting to consider! here it is: locked in with both a buy and a sell...No ust hold but this is on the executive side in the foreign currency div of ... A big 4 BANK...It is flashing on the teller screens! Been locked in F.E. Side since the 1st of feb and rate went down once to $3.42 buy, then back again. The flashing is to alert tellers that a new rate is imminent and to pay attention. Once it locks, we are go! one has to think, how could they let tellers have flashing iqd rates and not RV very, very soon...everybody and his brother would be in the know about RV at some point. [post 2 of 2]
2-14-2013 Intel Guru Blaino I AM GETTING A LOT OF CONFIRMED INFORMATION ALL DAY... MUCH IS "CLASSIFIED" BUT I CAN TELL YOU THIS...NONE IS NEGATIVE IN ANY WAY! BANKS ARE ALL GETTING A FOREIGN SURPRISE! (ASK ME NOT!) THE GRINDING SOUND YOU HEAR IS THE LEVELING OF THE "PLAYING FIELD" AS FAR AS IS POSSIBLE TO DO! ALSO, THOSE NOT BASEL III COMPLIANT ARE GETTING HELPED OUT... HOPE THE PRICE IS NOT TOO DEAR... (PIPERS WILL BE PAID!) ALSO: THERE APPEARS TO BE A VERY FULL GI PIGGY BANK...ALL SET TO CRACK OPEN LIKE A PINATA... AND WE NEED TO HIT IT WITH OUR IQD STICK! MINE IS READY...IS YOURS? [post 1 of 2....stay tuned]
2-14-2013 Newshound Guru LoriC I do think we are extremely close. Way too much has happened in the past few months (major changes in economic policies), to dispute this. Hang in there, this ride is almost over. The only question is how quickly is if it will float gradually, go to 1000-1 or jump straight to on par with the USD. This is of course is classified so we are left to speculate but I am very encouraged and believe the next couple of months will prove myself and many others right. Hang in there friends.
2-14-2013 Intel Guru Footforward I do expect the RV to happen between February 23rd and February 25th. I have a number of reasons for this one of which is the Standby Agreement is being eliminated & has not been renewed. Iraq is basically being told to stand on their own and without an RV it poses some challenges for Iraq. I do believe the rate is going to be good. I don't believe it will be some little $.69 RV. [post 3 of 3]
2-14-2013 Intel Guru Footforward Iraq is not a sovereign nation. How can you be a sovereign nation and still be under Chapter 7 and not be under control. A sovereign nation would be using their own currency. The rate in the budget will be close to $4 but this budget is no different than budgets from the past several years. They can't do anything with the budget until they open the budget and it can't be opened until it RV's. This budget is no the one thing that we are waiting for. [post 2 of 3....stay tuned]
2-14-2013 Intel Guru Footforward Iraq is not the problem, Iraq is not the holdup and I am 100% sure Maliki is not the problem. Being Basil III compliant has nothing to do with the RV. It is just a new standard of banking & you don't have to have every bank changed over, it's just something they are shooting for. It will be years before the majority of banks are Basil III compliant. It is not an indication of the timing of the RV. [post 1 of 3....stay tuned]
2-14-2013 Newshound/Intel Guru BGG Article quote: "According to a statement issued by a judicial authority reported for “Shafaq News”, that “under the new law voted by the parliament earlier, the head of the Federal appeal Court, the nominee Judge Hassan Ibrahim Humairi will assume the presidency of the Supreme Judicial Council." This...is very big news... It appears Parliament has wrested control of the Fed Courts from Maliki and are bent on enforcing the will of the people. I expect an expansive reform law to follow soon and then Maliki will have some real trouble on his hands. This was the same court that gave him so many early favorable rulings.
2-14-2013 Newshound Guru Adam Montana The budget seems to get a lot of attention, but it is NOT mandatory that it be done before the HCL or after Chapter 7 or in any other specific order. It makes the most sense to do it in this order: budget, HCL, Chapter 7, then RV - but there is NO LAW that states it must be done in that order. I would be comfortable placing a wager that "a" budget will be released before the RV is announced, but also keep in mind that as soon as the dinar changes value, a new budget would be adopted almost immediately. It's my opinion that they have TWO budgets in the making - one for immediate release and another based on the anticipated RATE of the future dinar. What that rate will be is anyone's guess.
2-14-2013 Newshound Guru Kaperoni last year at this time I was saying .90 cents because that is what the articles said. We even acquired a video where two economists were talking to each other saying "staging rate" for the dinar. [See Dinar Guru Archives for these posts] So that IMO was the plan. The thing is, this all changed when Maliki got aggressive last April to stop Shabibi. Since then, there have been several articles from various entities..such as economists, the Arab Monetary Fund, and even the CBI themselves that say free float or "orbital rate of exchange." I would not put 5+ years of research on the dinar, and the last 7 months telling people its a free float, if I was not sure. 2-13-2013 Intel Guru TerryK Tonight through Friday...have gotten four confirmations that Friday is the drop dead date...everything is done...just waiting to pull the trigger...This is the closest it's ever been. No one is going to see Maliki...His days are numbered or reduce him down.
2-13-2013 Newshound Guru Doc There was a recent article suggesting the dinar would be returned to 1980 levels. We have always believed the ultimate goal was for this to occur but over several years. The article does not change this fact in that it was not clear as to a timeline. We continue with the opinion that the rate will be around $1 and allowed to float. Our currency experts rendered their opinion as to the dinar's value if it were free floated as of today. Basically they looked at the value under Saddam and adjusted it for inflation. Remember Saddam artificially kept the dinar at the $3.42 level even though inflation approached 50% for many years. The analysis suggested a maximum current value in the free market of around $1.30. However when the political climate is factored in they question a value much over $1. What is most interesting is this seems to align very well with the lower initial rate and free float opinions. Time will eventually reveal all. We report, you decide.
2-13-2013 Newshound/Intel Guru Bluedog I think Maliki is on his last leg...in the near future you will see him with less power. They opened up flights to Kuwait after 22 years...that's a signal of positive for chapter 7. Hardly any articles now...when Shabibi was there, 3 to 4 articles a day was coming out. No talk now - quiet, this is telling me that something is coming real quick. Chapter 7 done, HCL done...just waiting for Lagarde to pull the trigger. [post 2 of 2]
2-13-2013 Newshound/Intel Guru Bluedog Big news of the day is the governor of the Central Bank is gone...article did not say who removed him. Guards in Finance Ministry were arrested today and replaced by Military Police. This budget has been done...just a matter of them opening it up, signing it, opening it up to the public. We don't have to have budget for RV. [post 1 of 2....stay tuned]
2-13-2013 Intel Guru TerryK I HAVE CALLS INTO THE SOURCES NOW. ONE CALLED BACK TELLING ME THAT WE MAY SEE SOMETHING TONIGHT.
2-13-2013 Newshound Guru Arthur [long time, no see] IT IS VERY DIFFICULT TO EXPLAIN WHAT IS GOING ON. MALIKI IS BEING MARGINALIZED...AS WE SPEAK. THEY REMOVED HIS CBI GOON TURKI AND HIS COURT GOON MAHMOUD. HE IS ALMOST POWERLESS. NOW ALI DABBAGH IS ABOUT TO TESTIFY AGAINST MALIKI AND HIS SON ABOUT THEIR CORRUPTION AND FORGED DOCUMENTS DESPITE THEM THREATENING HIS LIFE. A NATIONAL MEETING IS SCHEDULED FOR NEXT WEEK AND THE BUDGET AND MALIKI WILL BE DONE BY MONTHS END.
2-13-2013 Intel/Newshound Guru Poppy3 Turki is only aproved by the IMF to do day to day operations of the CBI in country. THEY WOULD NOT APPROVE HIM BEYOND THAT AND SAID SO. AND NO, THEY ARE NOT HAPPY WITH HIM EVEN DOING THAT FROM ALL INDICATIONS.
2-13-2013 Newshound/Intel Guru BGG MED is correct. [Kuwait was not going to suggest iraq out if chap 7 this year?] I have said all along that Kuwait wouldn't go along...it won't change the timing of the RV - Maliki's position will...I know some folks won't like that - but it's been my position all along and it is being validated by current news and events and Ban Ki-Moon is the other guy Maliki needs on his side to get them out of CH7 and he's tanked that relationship far too many times for Iraq's well-being. [that could change as well, right? if the circumstances were to warrant it?] It sure could - but I doubt it will. Maliki has the mind of a dictator - he'll ride this to the end...which will be soon. Once they handle him - interim/caretaker gov't, stability, CBI Gov, RV, CH7 and better world relations...all very quickly.
2-13-2013 Newshound Guru Doc Our opinion continues that the HCL is far more critical than the budget. In fact we now believe the Kurds are using the budget as leverage to get the HCL done. Unfortunately Maliki has countered by attempting to reduce the amount the Kurds receive in the budget. Hence the political gamesmanship continues. As we have reported previously the HCL is critical to "secure" assets that will support a higher value for the dinar. How long this this continue? Recent articles suggest the HCL is low priority for the GOI aka Maliki. We concur with the opinion that no one really knows for sure. If past history prevails it could be many more weeks or more.
2-13-2013 Intel Guru Poppy3 ONCE MALIKI'S POWER IS UNDER CONTROL THE RV WILL HAPPEN VERY FAST AND MALIKI MAY HAVE BEEN TAKEN UNDER CONTROL TODAY [TUESDAY] BEHIND THE SCENES WILL KNOW MORE TOMORROW [WEDNESDAY, 2-13-13] EVENING.
2-13-2013 Intel Guru Blaino I THINK WE ARE VERY CLOSE AND THERE IS MUCH YOU DO NOT KNOW...AGAIN, AS I TOLD YOU... MEBBY A LIL TOO EARLY FOR YOU TO UNDERSTAND..."I THINK I CAN SEE THE RV FROM MY HOUSE!"...IT IS HUGE, AND SLOW MOVING. TAKE A LOOK FROM YOUR HOUSE TOMORROW [WEDNESDAY]...MEBBY YOU'LL SEE IT TOO! [HisBlessed: Blaino have you ever felt we were this close before???] NOPE, NEVER.
2-13-2013 Newshound Guru Adam Montana the next news is that Attorney Al-Shara has announced the intention to move on the Oil and Gas law (that's HCL, my friends!) after the budget is officially approved. They won't delay on this budget forever, it will be done soon. They have already made I would guess 98% of their preliminary HCL decisions, so that will be done soon as well. Those two items, combined with quite a few other things floating around, have indeed got some of us very excited! But as always... this is Iraq. Don't get too crazy about any date that anyone gives you - things look excellent for this month, but AGAIN - this. is. Iraq. [post 2 of 2]
2-13-2013 Newshound Guru Adam Montana This certainly has been an exciting week for both rumors AND news! First a few news points...the budget is always a major deal with Iraq - every single year we see at least a couple delays before it is actually passed. During that time, there is so much confusion it's mind boggling. When are they going to pass it, are they meeting this week, next, did they meet today?! Also, since many of the actual "press releases" are released in arabic and then translated, some context always gets jumbled. The current situation right now is that they have reached the end of the normal delays and I'm expecting a final announcement shortly. [post 1 of 2....stay tuned]
2-13-2013 Newshound Guru Doc There are several opinions floating around that suggest the 2013 budget contains a RV rate of $3.42 and proof is the 138 billion dinar total number. Unfortunately the math simply does not add up to support this. As we earlier reported if the 138 billion dinar is correct then the exchange rate assume in the budget would be around $0.69. The argument given against this is the budget assumption of 2.9 million barrels per day of oil is way low to what is really in the budget. Lets assume that is true and both the 138 billion dinar and $3.42 are both correct. In order for this to work Iraq would have to pump 14.4 million barrels per day at $90 per barrel. We all know this is impossible and will not hit this level for years to come. The bottom line is either the 138 billion dinar or $3.42 number is wrong. And if the basis of the argument is incorrect then the argument itself has to have no merit. The math simply doesn't support this theory.
2-13-2013 Newshound Guru Kaperoni Article: "Iraqi Airways to resume flights to Kuwait" The current UN Chapt. 7 is a hybrid version since they lifted most in Dec 2011. Very hard to tell if air travel is considered under what remains.
2-13-2013 Intel Guru Ocrush So far there has been no hiccups with the parliamentary members to dispute what there leaders have agreed upon and brought forward to them. From what we were told the leader blocs are almost done with all the concerned items. In conclusion when there are no more items or lines in the budget to negotiate Mr. Nujaifi will have the power to approve the 2013 budget since its an open session. This process started on February 5, 2013. In other words instead of trying to negotiate everything at one time they piece mealed it to get maximum results and approve there concerns line by line thus the open session that started back in feb. 5, 2013. Hope this helps and yes we are close. [post 2 of 2]
2-13-2013 Intel Guru Ocrush The budgetary part of the 2013 budget remains constantly open in parliament. This was an order given by Mr. Nujaifi (the president of parliament). This is how it's going down. The Leaders of the Blocs and the Finance Committee negotiate on parts of the budget that they feel need to be ammendent (line by line). Once they all agree to a change (one has to give something to the other) they pass it and forward it to Mr. Nujaifi who immediately takes it to the floor of parliament for a vote (this is the open quorum keeping the budget open so they can vote). If they all agree they vote and pass it and the leader blocs move to the next item. [post 1 of 2....stay tuned]
2-13-2013 Newshound Guru Breitling I am more confident in the dinar today than I have ever been because of the way they built their infrastructure, etc. They are taking the oil and building their infrastructure. It's a super structure, a perfect storm & it hasn't really started yet. There never has been a dispute on how they will do this or what they want to do. It's been a war on who is going to control it, end of story. They all want the same thing for the dinar, they all want the same thing for the Iraqi people. Sometimes you may get frustrated on the timing, but they are doing it right. It's all good. You have to recognize what they are doing. It's probably going to be better than you thought it would be.
2-13-2013 Intel Guru Blaino there is a lot to evaluate and be excited about NOW. Certain steps that are required for our banks and financial companies to take are now ORDERED. We tracked it and it is happening! These are the kind of things that naturally are delayed and delivered without warning to insure compliance and to rule out the double dip & windfall profits from insider information. AND Most important...Are among the final steps, both to avoid any kind of "alert" to those directly involved and to render a level playing field for all! These things are not on any kind of "public" checklist for a reason. When time passing has rendered these things 'toothless' (not long now, methinks) i'll share. It doesn't really affect us as dinarians, but it is a gauge, an indicator that the speed of the quickening is increasing. Hold onto something...We are going to hit the revalue real hard & pretty SOON... Methinks!!!
2-13-2013 Newshound Guru Med THE MAJOR PROBLEM RIGHT NOW IS THAT KUWAIT HAS STEPPED AWAY, IS NOT NEGOTIATING AND THEY HAVE GIVEN THEIR DECISION FOR 2013 THAT IRAQ NOT BE ALLOWED OUT OF CHAPTER VII.
2-12-2013 Newshound Guru Mailman17 THIS BUDGET AND ITS DELAY IS THE KEY, IMVHO, IT SPELLS ALLOCATIONS TO THE DESPERATE MINISTRIES BUT MORE IMPORTANT, IMO, IT ALSO WILL REFLECT THE NEW RATE. WE HAVE ALWAYS KNOWN THIS WAS GONNA BE THE GREATEST TRANSFER OF WEALTH EVER. YES, THEY GAVE IRAQ TIME TO GET THIS DONE NOW ITS CRUNCH TIME. COME *** OR HIGH WATER THIS THING IS COMING. IT MAY NOT BE THE WAY WE SAW IT COME BUT THATS OK...I LOVE SURPRISES. [post 3 of 3]
2-12-2013 Newshound Guru Mailman17 THEY WILL BE NOT EXEMPT FROM LAWSUITS, THAT IS DIFFERENT FROM THE DFI. JUST HOW ARE THEY GONNA PAY THE IMF? THAT STAND BY AGREEMENT TELLS IRAQ...CHOOSE DOLLAR OR DINAR. IN OTHER WORDS THEY MUST HAVE A TRADEABLE AND RECOGNIZED CURRENCY AS LONG AS THEY ARE UNDER CHAP 7. THOSE ASSETS ABROAD ARE RIPE FOR THE TAKING UNLESS 7 IS LIFTED BY THEN. [post 2 of 3....stay tuned]
2-12-2013 Newshound Guru Mailman17 THEY HAVE BEEN GIVEN THE OPPORTUNITY TO MEET THE DEMANDS OF THE UN...BUT AS I SIT BACK I THINK ABOUT WHATS DUE AND THE FACT THAT IRAQ HAS DONE NOTHING TO ALTER IT. I WILL EXPLAIN FEB 23...THE IMF LOAN IS DUE DID. THEY ASK FOR AN EXTENSION?..NO. WOULD THEY GET IT ANYWAY?..NO. THAT WAS MADE CLEAR BY THE IMF. THE OTHER THING THAT SHOULD I REPEAT...IS THE FACT THAT IN MAY THEIR PROTECTION OF ASSETS ABROAD EXPIRES 800 BILL PLUS. [post 1 of 3....stay tuned]
2-12-2013 Intel Guru Okie_Oil_Man THE G-8 IS TRYING TO BRING CURRENCIES INTO ALIGNMENT WITH EACH OTHER AND UNDERTAKING THE DIFFICULT TASK OF MAKING CURRENCIES MORE EQUITABLE WITH EACH OTHER. THE DIFFICULTY IS SOME COUNTRIES WILL BE UNABLE TO MEET THE NEW BASIL-3 REQUIREMENT'S OF SECURING THE VALUE OF THEIR CURRENCIES WITH GOLD IN CONJUNCTION WITH COMMODITIES. SINCE SOME COUNTRIES CANNOT MEET THE CRITERIA OF BASIL-3 THE I.M.F. IS IN THE ALLOCATION POSITION OF ASSISTING THESE COUNTRIES. THIS SHOULD BE A PRIME INDICATOR TO US THAT THE PROCESS OF GLOBAL RE-EVALUATION IS IN PROCESS. THIS PROCESS IS ON SCHEDULE AND TO BE IMPLEMENTED SOON. I AM VERY EXPECTANT TO SEE NEARLY IMMEDIATE RESULT'S. (RE-READ THE PREVIOUS SENTENCE) INFER AS YOU WISH. [post 3 of 3]
2-12-2013 Intel Guru Okie_Oil_Man IF YOU WANT TO CONCENTRATE ON WHAT AND WHEN THIS WILL OCCUR--FOLLOW CLOSELY CHRISTINE LeGARDE AND WHAT SHE IS SAYING IN CONJUNCTION WITH THE RECENT G-8 IN WHICH CURRENCY RATE EXCHANGE WAS ONE OF THE TOPIC'S ADDRESSED. THE STATEMENT WAS MADE FROM ONE OF THE MEMBER'S THAT THIS PROPOSED RATE ADJUSTMENT WAS TO ELIMINATE THE WORLD'S FINANCIAL CRISIS WHILE ANOTHER MEMBER SIGNALED THIS WOULD BE THE DEMISE OF THE FIAT SYSTEM AS WE KNOW IT. TAKEN IN CONTEXT BOTH COMMENT'S ARE POSITIVE. [post 2 of 3....stay tuned]
2-12-2013 Intel Guru Okie_Oil_Man I HAVE BEEN ABLE TO KEEP UP WITH THE ACTION'S GOING ON BEHIND THE SCENES REGUARDNG THE GLOBAL RE-ALIGNMENT OF CURRENCIES. THERE ARE MUCH SPECULATION REGARDING WHAT IS TRANSPIRING IN THE GOV OF IRAQ. THIS IS VERY INTERESTING FROM A HISTORICAL PERSPECTIVE BUT AS FAR AS THE CURRENCY ADJUSTMENT WORLD WIDE HAS NOTHING TO DO WITH IT. THE DELAY'S (I HATE THAT WORD) ARE CAUSED BY PROCEDURAL REQUIREMENTS INVOLVING 198 SEPARATE COUNTRIES AND NOT JUST VIETNAM AND IRAQ. [post 1 of 3....stay tuned]
2-12-2013 Intel/Newshound Guru Poppy3 WHILE THE 23[RD] HAS SIGNIFICANT'S IT IS NOT DEFINITE IN ANY WAY…THEY HAVE MET IN PRIVATE SEVERAL TIMES WITH THE IMF AND NO ONE KNOWS WHAT IF ANY DEALS HAVE BEEN AGREED ON ABOUT THE LOANS. TIME WILL TELL. I AM VERY GLAD TO SEE THEM OPENING THE PARLIAMENT SESSION AND STATING IT WILL REMAIN SO TILL THE BUDGET IS PASSED. ALSO DON'T BUY INTO THE BUDGET BEING THE FINAL STEP FOR THE RV...YES IT IS A GREAT STEP AND ONCE THEY GET MALIKI UNDER SOME FORM OF CONTROL OF HIS POWER THEN THE RV CAN COME FORTH TO US. THE BEST TIME WE COULD SEE OUR PEOPLE ARRIVE IN IRAQ WOULD BE AFTER THEY HAVE ALL AGREEMENT IN PLACE AND MALIKI NULLIFIED AND THEY ARE READY TO ANNOUNCE THE RV.
2-12-2013 Newshound/Intel Guru Bluedog IMO we are being lied to and that this Budget is done...they just don't have the real Rate…we saw they went from 118 Trillion to 138 Billion that tells you what they know... but IMO there is a larger Rate that they are holding back and stalling Opening the Budget...this was all agreed to with the Kurds the 17% and so using that as a excuse is Bogus... they have a rate but its not the correct one…they have 86 cents.
2-11-2013 Intel Guru SteveI forget the articles saying it will not get gone this month. That is a bunch of baloney period. Let's all see what tomorrow brings us. We may be surprised and see this getting accomplished.
2-11-2013 Intel Guru Blaino I am waiting on 2 separate calls to baghdad and the surounding area, and thereby the truth of the matter...We have information that "it" has happened, "it" is happening and "it" is about to happen!
2-11-2013 Intel Guru OCrush The unami delegations are also there to make this transparent and limit the corruption. The window for the budget is wide open for the vote to take place once the leaders are done. So forget the articles that come out postponing the budget for another day or week. Nobody knows when they will finish. For all we know they could have agreed this very minute and placing a vote as we speak! [post 2 of 2]
2-11-2013 Intel Guru OCrush The reason they are postponing it and kicking the can to vote on the budget another day is because they don't even know when the closed door negotiations will be finalized. Once the head of the blocs are satisfied with the distribution of monies to each province there will be a special quorum on the floor of parliament to pass the budget. This could happen any day. Them saying another day or week for the vote is like I said they don't know when the negotiations will come to a satisfaction and vote on the budget. [post 1 of 2….stay tuned]
2-11-2013 Newshound Guru Enorrste Having said that, however, their are other currencies, such as the dinar, that are not free floating. Therefore it would not surprise me to see several currencies revalue at the same time. the CBI, through Saleh, has clearly expressed that it is their intention to make the dinar one of the strongest currencies in the world. They clearly have the resources, both in terms of reserves and in terms of underlying wealth, to achieve that goal, IMO. . [post 3 of 3]
2-11-2013 Newshound Guru Enorrste At one time we heard that up to 130 countries would revalue their currencies at the same time. For a short period I bought into this, until I thought it through. The simple fact is that many world currencies are already in a free floating mode. This means that they are already at their correct values. We see this daily as the pound, dollar, Euro, yen, and Canadian and Australian dollars fluctuate on the FOREX. Many other currencies do the same. Therefore we would have to ask this question: If they are already at equilibrium among themselves, how would a "world reset of currencies" improve things? The answer is that it would not improve things. [post 2 of 3....stay tuned]
2-11-2013 Newshound Guru Enorrste the staging rate is not a precursor to the RV. It IS the RV, after which the rate will rise on either a managed float or a free float until it reaches equilibrium. The CBI is on record that it will come out at "around a dollar." But it is also on record that it wants the value of the dinar to be at least what it was prior to Saddam' s regime, or $3.50. I have consistently held the view that Iraq is a sovereign country and that they alone are in control of the timing and the rate of the RV. I have never found any credible evidence to the contrary. Having said that, however, I will say that Shabibi is in regular contact with the IMF, having worked for them 20 years ago, and he keeps them informed of his plans. I do not believe, though, that the IMF dictates to Shabibi in any way in terms of timing or the rate. . [post 1 of 3….stay tuned]
2-11-2013 Newshound Guru Kaperoni we see..the CBI talking about the “exchange regime” transition, the economist talking about the transition, the IMF stating Feb 23rd as the new deadline, the USAID office training Iraqis in international banking techniques, UAB support, private conferences with both Iraqi and International banks, all of which is part of the both the IMF Stand by Agreement and the US Strategic Framework Agreement. Oh and did I mention if they fail, the 100 billion dollar Paris Debt Agreement could be cancelled?...so now we all know that the CBI is transitioning off the “currency board” and on to a “free floating” dinar. If you visit the IMF site, you will see various types of “regimes” such as Free Float, Managed Float, or Pegged. Certainly, the CBI may change to more regulated Managed or Pegged, but it appears that the next step is to find the “true value of the dinar” via a free floating platform.
2-11-2013 Intel Guru Blaino we now see current information developing that makes us think that tomorrow between noon and four pm eastern standard time the worldwide global financial situation could entertain massive changes from the current paradijm...Just off the c phone with an old oily guy who agrees "nothing so far today"....
2-11-2013 Intel Guru Blaino we have often wondered what the day of the rv would look LIKE...Well a glance out your window ...Might just tell you!
2-11-2013 Newshound Guru Kaperoni Technically, they have to notify the IMF of there desire to either be on the dollar or on there own currency. Shabibi made that decision 10 years ago to have Iraq have the dinar. Which obviously, they want being the richest country in the world to have the great buying power the dinar should have. If they choose to switch now, it would be 10 years down the drain lowering inflation, etc. Iraq will not become a dollar country. This dollarization is short lived, in fact, Shabibi agreed to not dollarize more than 30%. We know due the pending float, they are much higher than that at this time.
2-11-2013 Newshound Guru Kaperoni Remember the CBI website? Said only listen to what is put out on the CBI. IMO, with the IMF deadline Feb 23rd on the Stand by Agreement, the USAID over there training the Iraqis on international banking (why if your not going to make it convertible per the SBA) as a condition of the US strategic framework agreement, something appears to be up. It appears that the free float will begin this month or soon thereafter. IMO, the 1000 to $1 may be the starting point. There simply is to much as risk here for Iraq to fail with all these agreements and the consequences of not meeting those deadlines.
2-11-2013 Intel Guru Blaino THE INTEL TEAM HAVE ELECTED TO DECLARE A "REVALUATION WARNING" A WARNING IS A TIME DURING WHICH "MOST" CONDITIONS ARE FAVORABLE FOR A REVALUATION TO OCCUR AND THAT OCCURANCE CANNOT BE RULED OUT BEYOND A REASONABLE DOUBT. WE ARE ARRIVED AT THAT PLACE IN THE CHAIN OF EVENTS WHERE A REVALUATION COULD HAPPEN AT ANY TIME… [post 2 of 2]
2-11-2013 Intel Guru Blaino We… have 2 major bank foreign currency execs that SAY "monday-tuesday" and this according to internal memos and meetings, training and so ON... Rates flashing on teller screens after being solid and showing no ust hold on foreign currency department screens for weeks originally at $3.42 buy (they buy from us) and $3.68 sell...(they sell to us)then, we had several days of $3.86 and $4.20.... Now back to the former rate since Thursday. [post 1 of 2….stay tuned]
2-10-2013 Newshound/Intel Guru BGG The fact is – Maliki is in very dire straights or there wouldn’t even be a hint about letting Iran into his own country – who would do such a thing… it only speeds the course of events I have always believed. the fact is – deep down, everyone is thinking I’ll be wrong at the last minute and there will be some kind of “hail Mary” by Maliki. You just saw his “hail Mary” – bring in Iran… but that will not work – for a lot of reasons. I don’t want to be right about this one. I want it over as bad as everyone else. It just won’t go down that way – IMHO.
2-10-2013 Newshound Guru Doc The second consideration is that Iraq does not need to pass any budget for the RV. In other words they are basically independent events. The truth is as we have continually reported the RV rate will not be in any budget until after the RV is announced. They can and have previously passed the budget with the program rate and most likely have a second budget ready to go adjusted for any RV. The bottom line is the budget does not have to contain the RV as many are suggesting. We report, you decide. [Post 2 of 2]
2-10-2013 Newshound Guru Doc There are several considerations surrounding the budget...First and foremost Iraq is notorious for delays. Several articles continue to point to the fact that political in fighting continues concerning the budget. We should remind all the US has not passed a budget in 4 years yet continue to spend money. For anyone to say without a doubt the budget has been passed is in fantasy land...While our intel is reporting on this matter we will not relay any unconfirmed information. Our best guess is that the in fighting will continue and we will see more delays including past this Monday. [Post 1 or 2: Guru Doc's Second Budget Consideration coming shortly...stay tuned]
2-10-13 Intel Guru TerryK Am HEARING SUNDAY NIGHT with CASH IN MONDAY MORNING COMING FROM 3 SOURCES. STRONG PEOPLE (sources). 5 currencies RV Sunday when the Forex opens...Canada, China, India, Iraq and VND.
2-10-2013 Newshound Guru Doc There are several considerations surrounding the budget...First and foremost Iraq is notorious for delays. Several articles continue to point to the fact that political in fighting continues concerning the budget...We should remind all the US has not passed a budget in 4 years yet continue to spend money. For anyone to say without a doubt the budget has been passed is in fantasy land...While our intel is reporting on this matter we will not relay any unconfirmed information. Our best guess is that the in fighting will continue and we will see more delays including past this Monday. [Post 1 of 2: Guru Doc's 2nd Budget Consideration shortly...stay tuned]
2-10-2013 Newshound Guru Kaperoni We all know that the new plan now is a free float. But what is exciting is the actions taken by the CBI to confirm this. Just as...ending the currency auctions supported a "staging rate" of 1 to $1 or about, selling hard currency all over Iraq supports the float. These are clearly two different monetary policies. We are seeing the CBI aggressively sell dollars raising capital at banks and exchange centers in Iraq as the statement said...Iraq is going on the dollar now for a period of time. That period will more than likely be while the dinar free floats to a rate 1 to $1 or higher in the world marketplace. Then, once this is complete, Iraq will switch to a managed float, or pegged basket which is more stable and they can introduce the new smaller dinar notes, etc. And begin to dedollarize. The actions of the CBI are what we need to watch...and these actions are telling us what is about to happen. [Post 3 of 3]
2-10-2013 Newshound Guru Kaperoni Studying this whole process a bit further…back in April 2012 [See Dinar Guru Archives] when the CBI said they were ending currency auctions...We all thought...well they need to make the dinar tradable then with an exchange regime so the CBI can generate revenue. But that didn’t happen. So what when wrong? Well for the CBI to say such the dinar would have to be worth 1 to $1 or greater (otherwise there would be demand for the dollar in Iraq for import transactions and the auctions would have to continue to supply that demand). And the SIGIR report mentions..the CBI was about to make the dinar worth just less than the dollar. So we can assume that Shabibi's plan was clearly to come out with the .90 cents or about "staging rate." Once Maliki (CoM) pulled the plug we saw Saleh come out and say..."the plan had changed." in late April or May. Not knowing what that plan was, it took a few months to decipher. [Post 2 of 3....Where we stand now coming soon...stay tuned]
2-10-2013 Newshound Guru Kaperoni [Deciphering recent articles] as they [Iraq] are heavy dollarizing to act as cover while the dinar floats up. That statement implies that at least. So in other words, the Iraqis will dollarize for period of time such as Feb-Dec while the dinar rises to equal or exceed the dollar. Timeframe is just an example though. This article is very interesting considering the IMF deadline of Feb 23rd to improve the "exchange rate regime." The free float may very well start very soon. It appears this article is about distribution of hard currency (dollars) throughout Iraq in preparation of that event. [Post 1 of 3…the plan history/unfolds coming shortly…stay tuned]
2-10-2013 Intel Guru SteveI [Question: forextrader2003: ...how long can the RV be held up after the budget approval.,, ] The budget has to be opened and the new rate made official and everything moves forward. Now with all of the budget vote delays, my guess is fairly quickly...I will say not long and can safely say not weeks but most likely days. They are going to move very fast now. If the parliament does not, the people will pressure them into moving even faster.
2-10-2013 Newshound Guru Med NOW THEY DONT WANT TO DO THE CURRENCY EXCHANGE BUT SEEM TO BE WANTING TO SHAVE THE PIPS OFF... HOW MUCH WHO KNOWS THERE HAS BEEN ALOT OF SCUTTLE THAT WE ARE HEARING FROM TRADERS THAT THEY ARE HEARING AS MUCH AS 700 PIPS IN 2013 [If my math is right (and there is no guarantee it is! :), This would be about a 300% increase in value this year--Blanche, Dinar Guru] 2-9-2013 Intel Guru Wife in the Know As you have heard by now, they (Iraq) are reporting yet another delay on approving their 2013 Budget. As I have spoken about in the past, misdirection from articles and false reporting is rampant and also for a purpose. The reason for this is to keep people off balance as to the actual timing of this glorious event. What I have been told is that the Budget will have already been signed off on and be over and done prior to anyone actually hearing about it, this is to keep people looking for the Budget signing and announcement, and not the actual revaluing of their currency. This is still to show within their new so called new Budget vote time frame.
2-9-2013 Intel Guru SteveI [since the approval of the 2013 Budget is based on the dinar’s RV'ed rate and is a very crucial prerequisite of the RV happening, how long can the RV be held up after the budget approval. I remember you saying that it would not be instantaneous but is there a maximum length of time that it would have to happen after the budget is approved?] ...I am not certain on the timing. The budget has to be opened and the new rate made official and everything moves forward. I will say not long and can safely say not weeks but most likely days. They are going to move very fast now. If the parliament does not, the people will pressure them into moving even faster.
2-9-2013 Newshound Guru Med NOW OTHER OPTION AND I DO THINK SONNY MAY HAVE HIT IT ON THE HEAD THAT THE SLOW GROWTH ISSUE IS MORE PREVALENT THAN EVER NOW. HE SAID HE PERSONALLY EXPECTS THE DINAR TO MOVE AS MUCH AS 700 PIPS THIS YEAR THAT WOULD BE GREAT. ITS NOT THE FAST SUCCESS WE THOUGHT YRS AGO BUT I WILL TAKE ANY NOW. [post 3 of 3]
2-9-2013 Newshound Guru Med I AM HOPING THAT INTERNATIONAL COMPANIES...TAKE A RISK. INVESTMENT NEEDS TO ENTER IRAQ. MONEY NEEDS TO START FLOWING. ONCE IT DOES THERE WILL BE A HONEYMOON AND IT WILL BE DURING THAT HONEYMOON IS WHEN I BELIEVE THINGS WILL RE PRIME ITSELF AGAIN AND THE OPPORTUNITY FOR SUCCESS FOR US WILL COME. [post 2 of 3....stay tuned]
2-9-2013 Newshound Guru Med LAST NIGHT I HAD A LONG TALK WITH MY GOOD BUD SONNY. I MYSELF HAVE COME TO THE OPINION AND MINDSET MALIKI IS NOT GOING ANYWHERE. THE OPPOSITION IS JUST TOO WEAK AND CANNOT SUSTAIN ANY MEANINGFUL RESISTANCE. NO MATTER WHAT THEY WILL NEED AN INTERNATIONAL CURRENCY. YOU CANT ENTER THE REAL WORLD OF THE INTERNATIONAL ECONOMY WITHOUT ONE. [post 1 of 3....stay tuned]
2-9-2013 Newshound/Intel Guru BGG Article: "Postponement of the parliamentary session on Monday for lack of quorum" They did postpone – but it wasn’t over a lack of “quorum”. It was on purpose.
2-9-2013 Newshound Guru Mountainman Article: "Unlocking Iraq's True Value: Economic forecasts for Iraq continue to make for pleasant reading. The most recent IMF World Economic Outlook predicted GDP growth of 10.2% in 2012 and 14.7% in 2013 and Iraq has one of the world's largest oil reserves." an interesting article where director's of investment firms are saying 2013 will be a big year for Iraq, their economic growth and investment opportunities.
2-9-2013 Intel Guru SteveI I really did not see this one coming. But here is the good news if any, the people are really can I say the word pissed? This will for sure put the fire under the Parliament to get it done on Monday. So my friends, Monday is the new official date. This is for sure not what I wanted to report, but remember, we only share the facts good or not so good. [post 2 of 2]
2-9-2013 Intel Guru SteveI I have new update for you all. I just got off the phone with my contacts. Here is what happened and this may be very good for all of us, maybe. The Parliament Session was televised to the public last night. The people were assuming that the budget was going to get passed. So the Kurds again caused the problem. They now want 4 Billion to pay all of the oil companies back payments that is owed. So the Parliament is now going to revise the budget again by increasing the budget with a larger number of price per barrel of oil. [post 1 of 2....stay tuned]
2-9-2013 Intel Guru Wife in the Know I do not know SteveI or the others but...I agree 100% with the information SteveI has presented here. It's truly amazing that their info and timing of receiving it is either a nano second ahead of mine or parallel. This is why I know they are on the level. Smile friends : ) we are almost there!
2-9-2013 Intel Guru SteveI Our sources did share that they were going to vote on the budget Thursday the 5th. They did not complete the vote but did in fact finish adjusting it and they did agree on moving forward. Because Friday is their holy day, not much got done... The Iraq Budget of 2013 was configured and derived with a new dinar rate (and now adjusted). I want you all to watch when the budget is officially posted, recorded, or whatever the case may be, I will tell you that it is now not based on $90 ppb but a different amount (higher). The rate will be returned to a value that is comparable within its region. You should see the new rate within a reasonable time frame...This saga will not drag on for weeks. My contact just called and said he will [be] calling me and sharing what the results of the vote is. So yes they are voting on the budget.
2-9-2013 Intel/Newshound Guru Poppy3 got notice that john kerry [Biden??] will arrive in iraq tomorrow. IF SO FORGET ANYTHING BEING DONE AT THE MEETINGS TOMORROW THEY HAVE NEVER DONE ANYTHING WITH HIM IN THEIR COUNTRY. ONCE HE LEAVES THEY WILL RESCHEDULE AND MOVE FORWARD. THIS IS POPPY3'S THOUGHTS ON...BIDEN SHOWING UP ON THEIR DOOR STEP UNANNOUNCED. GUARANTEE THAT WHY NAJAFI HAS ALREADY ANNOUNCED POSTPONEMENT OF THE BUDGET A 4TH TIME THIS WEEK.
2-9-2013 Intel Guru BWM [So what does it mean when gurus are saying that this R/V has nothing to do with Iraq? In other words, it is out of their hands?] Simply put, if Maliki is that powerful, and considering that he supposedly had "acquired" a large sum of dinar, why wouldn't he just pull the trigger and make himself a bzgillionaire and be done with it? My opinion is that they will accomplish all their items when they are told to finish things...
Read more: http://www.dinarguru.com/index.html#ixzz2KnWKovX6
2-8-2013 Intel Guru Blaino They will all go together. They will pop at same time. The computer will send at one time. The great folks of the IMF.. not afraid of Virginia Wolf but they are afraid of Double dipping. I want to share with you...I'm saying you need to prepare yourself. This is about to happen.
2-8-2013 Intel Guru Poppy3 our main question for today is when or have they got MALIKI nullified in regards to his power. I USED TO SAY before there would be a Transfer of Wealth, WE WOULD SEE a Transfer of Power AND IN SOME WAY THIS WOULD HAVE TO HAPPEN FIRST. HOPE THE TRUTH COMES OUT TOMORROW AND THEY HAVE CO-OPERATION BETWEEN THE ENTIRE GROUP. TIME WILL TELL THE TRUTH.
2-8-2013 Intel Guru Ocrush The bloc leaders are working very hard to get the budget in place for a vote. They had closed door meetings today with absolutely no media. Technically, the budget is done but we think it's a timing issue for the vote to take place. We all agree the budget will pass. Even UN's JAPU put out their primer budget statement on January 24, 2013 with a footnote that the budget will pass sometime in the beginning of February. We are close but there is really no way to get an accurate description as to what is the hold up. We are in the window of opportunity...
2-8-2013 Intel Guru BWM Question: [Did you get any thing definite on whether it will be a free or managed float?] 2%...every 90 days on a managed float. Could this change? yes, but would have to make amendments to their Constitution in order to do that...
2-8-2013 Newshound Guru Shredd so, combining these factors...in my humble opinion, gives us great hope that, as we know, the rise of the exchange rate....the value of the dinar is most definitely a separate event from the removal of the zeros and we are not tied to waiting another 12 months or whatever. when the (i think 14) categories of dinar were printed the plan back then was what? twofold...first, to release the large notes due to the low exchange. second, for release of the lower denoms, including the coins to support the country for WHEN the rate reached par with the dollar and above. is the quantity of those lower denoms enough to operationally keep iraq on it's feet? doesn't matter imo because i believe the new dinar is printed but even if it isn't, printing and circulating currency does not take months and months. so, this is kind of an "administrative" look at our situation and imo, it looks amazing and like the gurus say...it can "pop" any time. [post 2 of 2]
2-8-2013 Newshound Guru Shredd I was talking to a friend...and we were talking about the different scenarios regarding timing...how long it could take to start to pip, how long to rv, how long to float and how long till we would cash out some or all of our dinar. I remembered something which is easy to forget...the lower denoms printed from back in 03...even though we read that the removal of the zeros may not happen until next year, that does not mean we won't see movement in the rate also...we know the current two language dinar will coexist with the new three language dinar for a period of 10 years. i think we have just two articles stating that, the first came out in august of 2011 if i recall correctly and lastly, we have not read anywhere that the dinar we are holding have some laddered plan of being retired. [Guru] Breitling mentioned that recently and I feel that is a great thing to remember. [post 1 of 2....stay tuned]
2-8-2013 Intel Guru BWM [Is 23rd that important?] OK, the 23rd...been some serious discussion about the amount of money due then to start with that number bouncing between 124 million and 160 billion... Which is it? Well they just agreed to pay Kuwait some 500 billion dollars so again paying a large sum doesn't seem to be a problem.... Why? because they are paying digital money. I don't think it's a trigger as much as I feel like they would like to have it finished before that to make the payments easier...
2-8-2013 Newshound Guru Kaperoni [I keep reading that the rv/float will only happen when the GOI is stable. If some entities are waiting for Iraq to be "stable" this rv/float will never take place. We can say good bye to this investment. I do agree to the fact that things can get a little better; but it's the middle-east, stability to them will never be like in the western countries. They better get this thing moving; now is the time.] IMO, that is why this will free float. Let the market dictate the rate based on Iraq's performance (or non-performance).
2-8-2013 Intel Guru BWM I personally believe that if we SEE a budget without the rv number in it that would be a VERY bad thing... so with that said, I believe you could HEAR about the budget passing but won't SEE the numbers until an RV has occurred... so with that theory, RV could happen simultaneously with budget but to have a budget and not an RV within the time period of seeing the budget in print would be bad IMO.
2-8-2013 Newshound Guru Breitling Some articles stated that they might not delete the 3 zeros & said they are going to raise the value of the dinar against the dollar. If they just leave the currency that we have out there and not retire them, that means that we can ride the value of the currency going up. If it's true, it's the best news. The people from the Minister of Planning were saying they were going to replace the currency one stage at a time, a 2 year process & then the CBI said they were going to do it, now they are talking about not doing it but they are going to raise the value of the dinar against the dollar. That should make the people that only have the 25,000 notes jump for joy. That's the best scenario we can have. So, don't worry about them not deleting the 3 zeros, that's the best thing that can happen.
2-8-2013 Newshound/Intel Guru Flashing Articles: "IMF shows comfortable growth rates in Iraq" & "Kuwait – Iraq ties “thriving and positive” says Iraqi FM Zebari" One more time, you have seen articles that are meaningful for us. Everything is great and we should be happy very soon. We need to be focus on the real driver. There are other things that are just consequences of the big decision. Again Iraq is not the decision maker, but is the key performer. They have done everything asked from them under ch 7 and they should be out from it very soon. By the way let me tell you that there is a back wall which is the date in which the frozen funds will be available for use by Iraq. I am not saying that we need to go that far and I expect the rv soon.
2-8-2013 Intel Guru TerryK EVERYTHING [IS] STILL ON TRACK...UST STILL UNDER LOCKDOWN. [Any confirmation of the budget yet?] I HAVE BEEN TOLD, IT'S SIGNED BEHIND DOORS BUT I HEAR NOT YET IN OR BY PAPER.
2-8-2013 Intel Guru Freeway Bill We all are watching the wrong hand on this blessing. Everyone is watching things like the budget in Iraq, the news out of Iraq, the CBI and the endless rantings of dysfunctional...misinformation. The UST has been ready and stands ready. China is making moves to facilitate this blessing. Security issues has and remains the main issue. When the security is in place and solid, the RV will be completed. Folks, this will happen, but NOBODY knows the exact time...Granted, the rate will be substantial and not the ten cents a dance that some puts out...
2-8-2013 Newshound/Intel Guru BGG I'm not saying the RV can't happen in the next few days, at any moment, it can. Iraq has the tools to do this at a moments notice, this is a fact. Is that what will happen? I doubt it. They have all the votes needed if they decide to go ahead with a no confidence vote. Parliament is attempting to move their courtry forward without this turmoil. Will Maliki fold? Highly unlikely. Are we fairly close, absolutely. Breath easy, it's on the way. Keep the 35 - 40 day timeframe in your head. Now I won't guarantee this, but if things go well in the next few days, this could line up for a finish anytime through, up to & including that time frame. 2-7-2013 Intel/Newshound Guru Poppy3 I was told today, strictly rumor, there was a lot of dignitaries from different countries there, but we don't know why. Also was told the people on the street are finally talking about the currency value increasing there. No indication of a rate and no indication of when it will happen. [post 3 of 3]
2-7-2013 Intel/Newshound Guru Poppy3 Got a report, highly unusual, they have been pretty accurate & trustworthy & was from 2 separate sources. Both said there were meetings Monday and Tuesday between Iraq's Central Bank Finance Committee, the IMF, & the UST and all documentation pertaining to the Iraq dinar currency was finalized and signed and totally complete. We are only waiting for Iraq to get their government in position to take this thing forward. They will not have to meet with these agencies again. As far as they are concerned it's a completed deal. But, it's left up to Iraq & the Central Bank of Iraq to release it. They are not going to release it and the IMF will not accept the people they have in position right now, that is the only hurdle that has to be covered. They have to get their government done. Once these steps are taken, this thing is set to fly. It's hard not to get excited. [post 2 of 3....stay tuned]
2-7-2013 Intel/Newshound Guru Poppy3 I have an update on the dong. I was contacted today and source said they are getting the same report as 2 weeks ago. They are in the process of talking of a revaluation but not right now. Vietnam has the 5th fastest growing economy in the world right now. There may be a small adjustment of their VND at the same time or just after, within 24 - 48 hours post RV of the dinar. But, that will not be their revaluation. They will have a major revaluation in 14 - 16 months after the dinar. I know that sounds crazy that they are giving us an opportunity to double dip. [post 1 of 3....stay tuned]
2-7-2013 Intel Guru Bluwolf Now there are things that give us hints that something is happening, in Iraq's case its budget and the chapt. 7 closing; in the banks case, the set up of all place holders, there one on one meetings, there doubling up on extra currency exchangers, all the memos receive indicating to all brokers to be on alert to close up shop. But with all this good news of the highest alertness there isn't a person on the planet that really knows to the when all these place holders will all change to the rates behind each currency...when the time comes it will just flow into play very silently and graciously without a given notice.
2-7-2013 Intel Guru Flashing Some banks have the following rates: iqd $3.46 or $3.42, vnd $.24 . My sources still saying and i concur with them over $5...again just rumors. rumors about dealers: they are expecting a change in value any time now. rumors about dates: Several sources are saying sunday after midnight, others are saying the 12 and other group are saying the 15 or right after. the back wall is over that date. the back wall is may 22. again, i am not saying we should go that far. imo, we should see it very soon starting next week as i stated previously. let me say it again. i am not saying we will go that far, but the date in which the funds will be released for use by Iraq is the back wall and the worst scenario. i expect it during this month starting next week.
2-7-2013 Intel Guru SteveI I do not rely on the news any longer, but wait until we can talk to sources in Iraq and let them explain the actual events. So until then, I elect to keep an open mind and stay positive. It very well could be a bit longer, but not much. Remember they only had enough money for this past payroll and no longer have the funds to pay anything. Iraq has come to a halt regarding money, and money is everything over there. As soon as we hear, we will provide and share what we are being told.
2-7-2013 Newshound Guru Doc All the hype around the imminent RV continues as hype. Many have tied it to budget passage and we concede it with HCL, Chapter 7, etc are precursors. The issue is some are reporting emphatically the budget will be passed on Thursday. While we wish this were true we awoke to the following release "Baghdad lifted Presidency of the Council of Representatives, on Thursday, the Council meeting of 11 to Saturday, with parliamentary source that the meeting witnessed the vote on the amendment of the law guards nightclubs and postpone the vote and read the seven draft laws, including the federal budget." This is at least the second or third delay on the budget vote. We continue to council to...let these things happen as they do. Iraq is notorious for delays and no one knows the exact date it will occur. We report, you decide.
2-7-2013 Intel Guru TerryK Article: "Parliamentary Blocs Leaders Hold An Emergency Meeting This Afternoon To Resolve The Issue Of The Budget On February 7, 2013 in political BAGHDAD / News Network Iraq" THAT'S FOR THE PAPERS. I'M BEING TOLD IT WAS PASSED YESTERDAY BEHIND DOORS.
2-7-2013 Intel Guru SteveI [I REALLY HOPE THIS IS THE FINAL DAYS OR WEEKS.] I really believe it is. Finally the end is here. [do you mind saying the rate again?] Initially it as $3.46, then I adjusted to $3.45, and now made my final adjustment to $3.41.
2-7-2013 Intel Guru TerryK the imf's christine lagarde and ust jack lew of the ust are about to make some type of an announcement concerning the iqd and other world currencies. Watch new channels...ESPECIALLY fox news. Look for this from 5 to 7 pm est today. at 4 pm est Jack lew will make an announcement from the ust. Chances are Christine Legarde from the imf will make some announcement tomorow. Today Jack will talk about the new usd currency and we strongly believe about the iqd.
2-7-2013 Newshound Guru Phoenix3333 Iraq Budget No Later Than Monday, February 10th: Speaker all blocs to resolve issues related to the budget and to hold further meetings to exit form a final budget bill for a vote at a meeting next Monday at the latest.
2-7-2013 Newshound Guru Tlar Article: "Specialize: No change in central bank policy!" Turki is following in Shabibi's footsteps and IMO may actually be looking to Shabibi for advise.
2-7-2013 Newshound Guru Med Article: "Iraq: Iran pledges support for al-Maliki to 50 thousand troops of the Qods Force for the suppression of the revolution and the work of chaos" This is posted in the Voice of Iraq...it is the most reliable source of info there is... THERE IS AN ARTICLE POSTED THAT 141 [MP's] ARE MISSING FROM TODAYS SESSION. YOU KNOW WHEN TALIBANI WAS PREZ FIRST TERM HE TOLD THEM DONT COME TO WORK, DONT GET PAID. THIS PLACE IS SO SCREWED UP IN 3 MONTHS THEY HAVE TURNED BACK THE CLOCK 7 YRS...
2-7-2013 Newshound Guru Kaperoni All I know is that Iraq needs to meet the Standby Agreement which clearly said they need to "improve the functioning of the exchange regime." At this point, Iraq has no exchange regime so they better get going. What the rate will be, is unknown but they have stated free float.
2-7-2013 Newshound Guru 8Ball [If the budget passes does it go straight into affect?] Budget like any law must be passed through the cabinet and then signed by the President and then it is placed in the Gazette.
2-7-2013 Intel Guru SteveI Ray and I have finally heard back from our contacts and the budget vote is still on for Thursday. I am aware of the few articles that say it is going to happen, and a few that say it will not. So, unless our sources tell us differently, the vote will be finished tomorrow [Thursday]. We tried to get the timing of things after the vote has been completed, but they are not sure. After talking to our sources, they are getting very concerned because Iraq is out of money to operate the country, therefore this passing of the budget is huge...
2-7-2013 Intel Guru Wife in the Know I also have been told that once the Budget passes the revaluing of their currency will follow. Yes, this could take a day or so to happen or they may just implement it immediately, either way, with a passed Budget it will show. No fan fare, just "POW" the new exchange rate against the US Dollar will appear. There will be no "LOP" as some still seem to believe, no "FLOAT" or ridiculous low rate as others keep suggesting. We will get the 3.42 rate I have been speaking of and this will slowly rise over the natural course of time. Be joyous my friends the wait is over. [post 2 of 2]
2-7-2013 Intel Guru Wife in the Know I have just been blessed with the good fortune of receiving more privileged information regarding our investment. As many of you know the Iraqi 2013 Budget is scheduled to be officially voted on tomorrow (2/7/2013). I have been told that all parties involved are satisfied and pleased with the terms and are planning on moving ahead with this endeavor. Yes, they are keeping their word this time and approving the Budget. Once complete, announcements pertaining to the Hydro Carbon Law, Chapter 7 and the removal of UN Sanctions will soon follow. Now are you ready to get EXCITED!! [post 1 of 2....stay tuned]
2-7-2013 Intel Guru TerryK [did you get any thing definite on whether it will be a free or managed float?] MANAGED IS WHAT I WAS TOLD, 2% DAILY. [is it looking like Thursday night/Friday am or possible afternoon?] THATS WHAT IM BEING TOLD. TOMORROW [THURSDAY] MAYBE THE WONDERFUL NIGHT. 2-6-2013 Newshound Guru Adam Montana a huge swing in the value of the currency will NOT be announced beforehand - you are going to get that news AFTER the rate has changed. They won't want you to have an opportunity to stock up on Dinar before they change the rate, because that would cost them money. What they WILL do is make that decision, change the rate, and tell you AFTER it has been done. So with that knowledge at hand, we can safely dismiss MOST things they tell us in advance, such as this [Standby] agreement, the Budget (which was pushed back to next week by the way), and most other things.
2-6-2013 Newshound Guru Med IRAQ COULD TRY TO DO IT [rv] BUT HONESTLY RIGHT NOW IT WOULD FLOP...YES WE WOULD GET OUR MONEY BUT IN A MONTH IRAQS ECONOMY WHAT THERE IS OF IT AND THE MONETARY POLICY WOULD BE A SHAMBLES...I HAVE MADE THIS STATEMENT MANY TIMES YES THAT A COUNTRIES CURRENCY IS ONLY AS STRONG AS THE GOVT THAT BACKS IT AND THIS GOVT IS RATED AS THE MOST CORRUPT IN IRAQI MODERN HISTORY...THAT IS NOT SOMETHING TO STRIVE FOR - IN 90 DAYS MALIKI AND THE [Not so smart person] HE PUT IN CHARGE OF CBI HAVE MANAGED TO DESTROY 7 YRS OF WORK BY SHABIBI
2-6-2013 Newshound Guru Adam Montana [I'm seeing lots of articles about Iraq's interest in raising the value of their currency. I believe 1000 - 1 with the dollar has been mentioned. Is it likely Iraq will start that low and float up? Can Iraq realistically afford to start as high as $.10 or more with all of their currency floating around?] It could go either way - straight to a dollar, straight to ten cents, or slow grow all the way up... A move from 1166 to 1000 would represent yet another gain for us. It's not a 1:1 move, but profit is profit is profit, and it's in the right direction. If they want to move it 166 pips per year for the next 6 years that is fine with me!
2-6-2013 Intel/Newshound Guru Flashing Well one more time my opinion is supported by articles or documents. Just check what i posted on Monday [view Guru Flashing 2-4-13 Post in the Dinar Guru Archive] and compare with these articles..."Maliki Meets With Kuwait Emir in Cairo; Discusses Iraqi Airways, Navigational Rights, and Demarcation of Border". Draw your own conclusions about ch 7...These articles are meaningful. Please be happy because everything is great and the real drivers are lining up. The cat will be at the house soon.
2-6-2013 Newshound Guru Adam Montana [Does all the hype that I have read over the last couple weeks give you any pause to think that the wind is finally blowing in the right direction?] YES, it does look like things are blowing in our favor again! I'm loving the recent wave of positive news, and looking forward to seeing some positive movement in our favor.
2-6-2013 Newshound Guru Kaperoni Article: "Abdul-Mahdi undertakes to ensure the staff of the Central Bank and demanded their release" Nobody is cleared...warrant for Shabibi still exists and Saleh and others just out of jail on bail. Pending some charge (that was never filed. lol)
2-6-2013 Newshound Guru Adam Montana [On fox news they were talking about iraqi oil soon entering the market. Which is suppose to lower oil. But better yet i'm thinking the price of dinar increasing. Could you spread a little light on this.] This is yet another reason why I shake my head and laugh at the nay-sayers... not only is Iraqi oil good for us, it's also good for them, and in turn it is good for Dinar investors! This is truly a situation where we get BOTH pieces of the pie. [post 3 of 3]
2-6-2013 Newshound Guru Adam Montana FACT 3: taking into account those last two sets of numbers, we can say that the Iraqi Dinar is performing just about as good as most 401ks out there... but we also know that most 401ks do NOT have any kind of massive potential. So for all you nay sayers out there - keep on hating, keep on yapping, keep on living in your negative world... I'm holding onto my dinar. [post 2 of 3....stay tuned]
2-6-2013 Newshound Guru Adam Montana FACT ONE: the rate on the Dinar in 2003 was roughly .00027. In 2006 the rate was roughly .00068 ($680 per million). Today the rate is roughly .00086 ($860 per million). That's about a 25% increase in the last few years, right? So if you bought in that period, you are ALREADY WINNING. FACT TWO: The DJIA (Dow Jones Industrial Average) in 2006 was at 10806, today it is around 13880. Those numbers look pretty similar to the Iraqi Dinar's progress around the same time frame, don't they? But guess what else happened in that same period... February 2009 the DJIA DROPPED to 7063, which was absolutely devastating to many. Guess what has NOT experienced a huge swing like that, despite the "turbulent and chaotic" situation it's in? That's right - the Iraqi Dinar. [post 1 of 3....stay tuned]
2-6-2013 Intel Guru SteveI [Awesome Steve...48 hrs before a change of life weekend] Remember, 48 hours for the completion of the budget not seeing an RV, then whatever time it takes from the individuals to the CBI to post is not for sure. I have feeling they will not drag it out. [When the budget is completed on Thursday, should we be able to see the rate or at least be able to tell that there will be a rate change?] There will be a few steps within the government (departments and individuals) that will move this forward with the finishing authority being the CBI posting it officially. I really do not know the number of hours or days to accomplish this. My guess is that only a few people in Iraq know that answer.
2-6-2013 Newshound/Intel Guru BGG Article: "Government recognizes its inability to cancel three zeroes of the dinar" This is an interesting trend – they are implying this decision is “out of their hands”. I think this is just a PR smear by Maliki...to “over-control” the CBI and represent that it is things other than his take-over of the CBI that is causing the economic delays to Iraq’s development.
2-6-2013 Newshound Guru Tlar sounds like it is back to Shabibi's two step plan he proposed a while ago...I think they are much better following the two step program of going to the 1000 to 1 and then removing the zeros followed immediately by a managed or free float. It would create many fewer problems. I think they will come to this same conclusion if that is not already their plan. It would definitely reduce the confusion when they drop the zeros.
2-5-2013 Intel/Newshound Guru Poppy3 [there are some numbers floating around of 138 BILLION DINAR for the budget, last year it was 100 TRILLION DINAR is there a translation problem?] BUDGET HAS BEEN CONFUSING AT BEST BECAUSE DIFFERENT AGENCIES HAVE REPORTED IT TOTALLY DIFFERENTLY SO IT IS STILL IN QUESTION BUT WE SHOULD HEAR FACTS TOMORROW.
2-5-2013 Newshound Guru Kaperoni Article: "Iraqi official ruled out cancellation zeros dinar" These articles are getting clearer and clearer...exactly what we want. raise the value now, delete the 3 zero notes (small denoms) later.
2-5-2013 Intel Guru SteveI After reaching out to our contacts we can confirm that they will vote on the 2013 budget this coming Thursday. Everyone keeps asking about the timing after the budget gets approved. This I am not certain of. I know the process just not the timing between the parties involved. Everything appears to have been completed and moving forward. Ray and I and every contact in the US and in Iraq stand firm on our rate that we have provided in our past posts. [See SteveI's posts1 & 2 dated 1-5-2013 for rate information] [post 3 of 3]
2-5-2013 Intel Guru SteveI ...if the restrictions of Chapter VII has not been lifted then how in the world could this be allowed. Many have speculated that this has nothing to do with Chapter VII, but have had this confirmed by several very qualified people they know the sanctions inside out, and it does have to do with VII. If in fact Chapter VII has not been lifted, Iraq would not be able to revalue their currency and pursue entry into the WTO in which by the way they are currently doing. There is no doubt in my mind that the United Nations is monitoring Iraq very closely and would never let them take the next step if it was not appropriate. [post 2 of 3....stay tuned
2-5-2013 Intel Guru SteveI If you recall, Ray and I have stated that the Chapter VII restrictions placed against Iraq was lifted. I would like to share an article that is proof that it has been done. Article: Dated January 31, 2013 EU amends sanctions regulation on Iraq: The EU Foreign Ministers Council meeting here Thursday announced that it has amended regulation 210/2003 concerning certain specific restrictions on economic and financial relations with Iraq. "This will permit the transfer of frozen funds to the successor arrangements to the Development Fund for Iraq put in place by the government of Iraq under the conditions set out in UN Security Council resolutions 1483 (2003) and 1956 (2010)," The Council also extended the sanctions against persons responsible for the misappropriation of Tunisian state funds, including former Tunisian President Zine El Abidine Ben Ali, by 12 months, i.e. until 31 January 2014." [post 1 of 3....stay tuned]
2-5-2013 Newshound/Intel Guru BGG I think if all the political pieces fall in place for us correctly that we are 30 - 45 days away from the politics to be in place for this to happen. Do we have to wait this long? No, not even close. If things go well for us in the next few days & the pieces fit together properly, they could be positioned politically for us for this thing to happen. On the Maliki situation, I think Maliki has to be dealt with in some way, shape or form. The CBI, UN and the IMF just will not put up with that kind of dictator. Anything is possible on the RV/float perspective. Deep down, I think it's going to be an RV. Poppy3 thinks it will come out between $3.22 and $3.86. [post 2 of 2]
2-5-2013 Newshound/Intel Guru BGG There is an extraordinary amount of attention being placed on the budget, the Federal Courts Law and the Amnesty Law. We have a lot to be thankful for right now. The demonstrations and the clerics are behind this movement forward on the budget, the Federal courts law & getting these politicians ready to rock and roll. I don't think we would be here without the demonstrations. They said they would demonstrate until Maliki resigns. I doubt that Maliki resigns on his own. [post 1 of 2....stay tuned]
2-5-2013 Newshound Guru Doc So which scenario is correct? Actually we could at this point believe either. We would prefer the first for obvious reasons and it makes sense as we've discussed in length to RV at a lower initial rate and let the market take it upward as Iraq actually produces more wealth. At $0.69 it would definitely start the ball rolling. We continue with our opinion the goal is to get the dinar to its pre gulf war levels of $3+ but it appears this is out several years as has been documented over and over again. Let just hope the 138 billion number was not a misprint. We report, you decide. [post 3 of 3]
2-5-2013 Newshound Guru Doc Another possibility here is the 138 billion dinar number was a misprint and it should have read 138 trillion. This happens quite often in Iraqi news reports. Doing the same math as previously this suggests the assumed exchange rate was 1448 dinar per USD which we know isn't right since the current program rate is 1166. However, if 1166 is assumed the budget should be 111 trillion dinar and not 138 trillion dinar. This is possible if the 138 trillion number include budget shortfall of 27 trillion dinar ($23 billion) of which was not reported in the article. We have to remember the 2012 budget included about 15 trillion dinar in shortfall. Unfortunately we will not know until more information is made public. The article also stated the vote would not be until Thursday while several articles said Tuesday. So as usual we have conflicting information. [post 2 of 3....stay tuned]
2-5-2013 Newshound Guru Doc We just came across an article quoting some preliminary 2013 budget numbers. The reports is quoted as the 2013 budget will be 138 billion dinar based on 2.9 million barrels per day export at $90 per barrel. Lets assume the 138 billion dinar number is not a misprint and do the math. First remember oil is sold in USD and not dinar so Iraq is assuming its revenue will be $95.3 billion USD (2.9 billion barrels times 365 days times $90). To convert this to dinar we have to apply the exchange rate they assumed. To convert from $95.3 billion USD to 138 billion dinar they would have had to assume an exchange rate of 1.45 dinar per USD (138/95.3). Another way of saying this is $0.69 USD per dinar which is around the 1 to 1 ratio. It also supports the lower initial rate and float upward strategy which we believe is their goal. [post 1 of 3....stay tuned]
2-5-2013 Newshound/Intel Guru BGG The lower denoms are already printed. They are just not released to the public. This is confirmed. They are only using about half of the denominations, not the full family of currencies just yet. The IQD will be a reserve currency. If you get a couple of countries like the U.S. and China holding it in their treasuries and trading it for oil, it's a reserve currency not matter what label you put on it. There is not much paper currency within the borders of Iraq, what is there is torn and used up. They are in a squeeze play right now and have to do something about it. They need to get fresh money into the market place. What we are seeing right now is the final struggles in this thing. I don't see anything horribly bad for us.
2-5-2013 Intel/Newshound Guru Poppy3 MANY QUESTIONS ABOUT IRAQ STABILITY AND IF STABLE ENOUGH TO SATISFY THE UNITED NATIONS AND IMF. LOOK, FINANCIALLY AND RESOURCE GROWTH, AND THE DEATH RATE IN IRAQ IS MUCH BETTER THAN THE USA RIGHT NOW. I THINK THE UN AND IMF WILL APPROVE THEM QUICK IF THEY NULLIFY MALIKI’S POWER OR REMOVE HIM VERY QUICK.
2-5-2013 Newshound Guru Shredd Here's another big point: Without an international currency, you cannot manage your risks in the efficient ways that have become the standard in countries with internationally tradable currencies. The lack of international stability is also a problem in trade. Lastly, companies in the developing countries would have to enter the global competition with a crucial disadvantage. While their competitors would be able to hedge, swap, and obtain financing wherever it is cheaper and most convenient, they would be forced to rely on the credits and services provided in their weak, shallow financial systems. So, hopefully this brings a little more light to WHY it is important for Iraq to move to an internationally tradable currency. [post 2 of 2]
2-5-2013 Newshound Guru Shredd [new guru] It’s been coming up for quite some time whether or not Iraq really NEEDS to revalue their currency and get it to a place where it is internationally tradable. The question goes something like this; "Can't Iraq just keep on going like they have been and do all business in US Dollars?" First of all, without an internationally tradable currency, Iraq is walled off from the globalized financial system, thus raising the cost of business and increasing risk and uncertainty in the economy. This problem is that the CBI will not be able to provide a currency that people can use throughout the world. [post 1 of 2....stay tuned]
Read more: http://www.dinarguru.com/index.html#ixzz2KQ8hvZKH
2-4-2013 Newshound Guru Tlar "I'm, not saying where [we're?] there yet, but it certainly seems this is all about creating the "right climate." With the EU agreement, private investment, deals with European and Asian countries such as the Czechs and Ukraine and Sweden, Germany and China and Korea, WTO progress/training, the recent banking reforms (connectivity and training), more UN chapt 7 lifting articles, were getting close to activating the dinar internationally.
2-4-2013 Intel Guru TerryK I HAVE 4 DIFFERENT SOURCES SAYING TOMORROW...BUT TREAT THAT AS A RUMOR. I HEAR IT’S SHOWING LIKE 3.46 IQD IN DIFFERENT PARTS OF THE WORLD AND HEARING THE DONG IS AT .42 RIGHT NOW BUT TREAT THAT AS A RUMOR. MY SOURCES ARE HOT FOR WED AND THURSDAY, SO LET’S SEE.
2-4-2013 Newshound Guru Kaperoni Article: "2013: is not encouraging for the replacement of the currency and deleting three Ocefarha" I will say, with the large auctions the last few months (over 200 mil per day) they are seriously collecting dinar. And that would not make sense unless they were about to transition. That being said, I am not sold on any "boarders closed by US troops rumor." Maliki does have a point about stability, yet, the IMF deadline appears real for Iraq to implement or at least be ready for there "exchange regime" (float). If Iraq fails to follow the agreement, and Paris Club were to cancel the negotiated terms of the debt forgiveness, come April/May all that DFI money could be lost to creditors. Not saying it would or will, just that it is possible. Therefore, I don't see delays and these articles are very hot and heavy today..circulated everywhere in Iraq...tells me they are telling the citizens something is about to happen to your currency.
2-4-2013 Newshound Guru Tlar the troops are back in Iraq and the CBI is teaming with talented people from the IMF and US Treasury dept. Also Turki sounds very upbeat about where Iraq is going and seems to be knowledgeable in what he is doing. People all over Iraq are speaking out against Maliki. The signs are there. My timing was off. [post 2 of 2]
2-4-2013 Newshound Guru Tlar [have we come to your deadline date?] Yes. I thought Maliki would be gone by Feb 1st. I was wrong. I just don't see him surviving the onslaught of criticism and parliament’s ability to now override him. I was wrong on my timing but still believe in my premise that he will not survive long enough to see the next elections, is accurate. [post 1 of 2....stay tuned]
2-4-2013 Intel Guru Fresh Take a look at the figures...in the article published this morning on the revised budget...the previous budget was 138.4 Trillion Dinars ($118.3 Billion USD)...the new budget now says "The total federal budget 138 billion dinars, which is the largest in the history of the Iraqi state" This could be big folks...
2-4-2013 Newshound Guru Doc The one area we still are somewhat concerned about is the HCl. The reports of it being passed are hogwash. We have recent direct quotes from Barzani threatening to break away from Iraq now that Bagdad is once again not paying. This deal is far from resolved and is most probably one of the major stumbling blocks left concerning currency reform. We continue to look for key infrastructure to be put in place like HCL and then turn up the hype. We report, you decide. [post 2 of 2]
2-4-2013 Newshound Guru Doc The best way to describe our situation is things are progressing. There were several very good recent articles about accession into the WTO. This is something we will keep a very close key on. If this pans out then currency reform is a guaranteed precursor. Also there were many good reports of banking type laws being passed. Things appear to be accelerating and we can only hope they will continue. [post 1 of 2....stay tuned]
2-4-2013 Newshound Guru Kaperoni Article: "Government recognizes its inability to cancel three zeroes of the dinar" it is clearer than ever that this is a Float/RV and not a LOP. The only way they can withdrawl 3 zero notes is through the CBI's auctions...therefore we are correct as they have been trying to do that for while now. This quote... "adding that any improvement in the political situation in the country will contribute to make this happen faster." ...may be specifically talking about the float rather than a delay. That as stability increases, the rate will rise do to international confidence. Just a view.
2-4-2013 Boots on the Ground WAR I went to the bank of Baghdad today, the exchange rate is 1170 for the past three weeks, there has not been any 25,000 Dinar notes at the bank or in the ATM machines. Now the bank has just received a injection of liquidity of 25,000 Dinar notes, so you see it is not drying up as we first thought. Today I tested my international Baghdad bank credit card. There was no 1.04 rate on it. So please do not spend your last dollar gambling that it will hit any time soon. I am not looking for our blessing to happen until around the 15 February to March 7, things moving along, laws are being passed. Do not worry about the Dinar going down in value. This is part of the plan to weed out the weak at heart. Stand your ground, and we will see this RV come to fruition.
2-4-2013 Newshound/Intel Guru BGG Article: "Iraqi dinar would soon return to what it was prior to 1980 due to global demand: Banking and Finance Ministry Head" Wow!! He pointed out that “the dinar traded in global financial directory sites on the recovery of the currency and that there is a future for the Iraqi dinar and would soon return to what it was before 1980 because of the global demand in the global financial markets.”
2-4-2013 Intel/Newshound Guru Poppy3 Article: "Economist: Value of IQD in decline since Shabibi’s ouster; Expect USD supplies to increase if GOI keeps policy" ANOTHER CONFIRMATION TO ME, I AM RIGHT ABOUT DR. SHABIBI OR A SUITABLE REPLACEMENT WILL BE THE HEAD OF THE CBI BEFORE WE SEE A RV.
2-4-2013 Intel Guru TerryK WE ARE BACK ON TRACK. THE RV SCHEDULED FOR THIS WEEK. THE RATE THAT I POSTED LAST WEEK WAS 3.42.
2-4-2013 Intel Guru Wife in the Know The New exchange rate is factored in the 2013 budget and will rise over time...Rate 3.42 and with this weeks approved budget, history is made. Stay positive friends.
2-4-2013 Intel Guru Gankans Most likely they will all be a managed float until they get the markets corrected and things under control, an that may take quite some time. [can they increase 2% as they please or will it be every 90 days] This is a delicate matter that will be managed based on how controlled the markets are. All of the markets are going to plummet! The EU is not in control of this...there are approx. 9-12 people calling the shots, and they have the plan and the map all laid out and and ready.
2-4-2013 Newshound/Intel Guru Bluedog Said today by...The HEAD of the DEPARTMENT of BANKING and Finance Ministry: "the DINAR traded in global financial directory sites on the recovery of the currency and that there is a future for the Iraqi dinar and would SOON RETURN to what it was before >>>>>>>>1980<<<<<<< BECAUSE of the GLOBAL DEMAND in the GLOBAL FINANCIAL MARKETS".
2-4-2013 Intel/Newshound Guru Poppy3 ITS ALMOST TIME TO SING . THE FAT LADY IS CLEARING HER VOICE AND GOING ON A DIET SHE IS DETERMINED TO LOSE THE 11.66 POUNDS OF WEIGHT BEFORE THE PERFORMANCE. SHE IS EXPECTING A WONDERFUL WEEK AND EXPECT TO DROP POUNDS LIKE TAKING AND WATER PILL AND RUNNING A MARATHON. A BUDGET WOULD ACCOUNT FOR A COUPLE POUNDS, A PASSAGE OF EACH CRIMINAL LAW AND AMNESTY WILL ACCOUNT FOR A COUPLE MORE, MALIKI RESIGNING OR BEING REMOVED WILL DEDUCT A FEW MORE MAY BE 5LBS , U N DROPPING CHAP7 ANOTHER, TARRIF LAW ANOTHER AND AS SHE STARTS SINGING FULL MEMBERSHIP TO THE WTO AND BY THE END OF THE SONG WE ARE ALL RICH AND DANCING IN OUR STREETS. [post 2 of 2]
2-4-2013 Intel/Newshound Guru Poppy3 WHEN KUWAIT RV'ED THEY DIDNT DO ANY SUCKER RATE EITHER THEY CAME OUT AT THE HIGH RATE FOR 6 DAYS OF $9.04 THEN DROPPED TO AROUND $3.00 AND STAYED FOR A LONG TIME . THEY HOWEVER HAD TO QUALIFY FOR A LARGE LOAN FROM THE WORLD BANK AND ONLY WENT TO THAT HIGH RATE AND ONCE THE PAPER WAS SIGNED FOR THEIR LOAN THEY DROPPED TO THE NOMINAL RATE AND STAYED STEADY FOR A LONG PERIOD BEFORE THEY BEGAN FLOATING . THEY ARE AT $3.52 AS OF LAST WEEK WHEN I CHECKED. SOUNDS VERY GOOD TO ME. [post 1 of 2....stay tuned] 2-3-2013 Intel Guru Terryk I’m hearing that the currency game will start tonight. I’m hearing that a lot of eyes in the far east will be a watching. I hear that Iraq is ready. I hear that we will see an RI rate with a little to add. I hear that we will see the VND. I hear we are there.... But I got a sneaking feeling as I said last week we will see it tonight and have fun Monday.
2-3-2013 Newshound Guru Kaperoni part of an article Saleh wrote in January... I found it interesting how he references the "investment", "atmosphere strong" and ..."strong push". That is what were seeing now with all the investment agreements, EU, WTO, etc...this is all about creating the "right climate." With the EU agreement, private investment, deals with European and Asian countries such as the Czechs and Ukraine and Sweden, Germany and China and Korea, WTO progress/training, the recent banking reforms (connectivity and training), more UN chapt 7 lifting articles, were getting close to activating the dinar internationally.
2-3-2013 Newshound Guru Tlar [Thoughts on Guru Kaperoni's Free Float Post Below] There will be a float...I only question the start of the free float...Do they start at 1166? Do they start at .86 by removing the zeros first? Or do they just belly up to the bar and start at $1.00? Shabibi has said that his target was $1.00...Recent articles in April and again in May of last year said the target was 1 to 1 and that the smalls would be being released in September of 2012...I believe there will be an RV simulataneously followed by a float. I also believe Maliki is beaten back enough that the bite is almost gone out of this dog. In addition the IMF, the WB and now our Treasury Dept have all camped out at the CBI. I don't believe they are not there just to let the currency float or any longterm investigate of Shabibi. I think preparations are being made with Turki/Shabibi to get the currency ready to be brought to market...I believe the value is not settled as of yet as to how the change will take place.. The story is still unfolding.
2-3-2013 Newshound Guru Kaperoni facts that this will be a free float...the CBI is now directly telling everyone, were going to free float the dinar (flexible exchange rate system orbit is a free float)... how do I know? Because this is called an “exchange regime”...There are only really 3 choices for any country (some variations are allowed)…but here they are…Free Float, Managed Float, or Pegged...what we are seeing here is the plan coming to a head. That the CBI needs to “improve the functioning of the exchange regime”…IMO, that means implement their choice…the free float. Once the dinar rises above the dollar (maybe 1-6 months) [After the free float begins] the new currency will come out, and the process will be reversed...If we get a float we should be estatic!
2-3-2013 Newshound/Intel Guru Flashing some sources as well as dealers insisted the rv already occured. they have saying that since Thursday. they said they are just waiting for the international release. again those are rumors rumors rumors. iqd rate will be as per rumors within the range previously informed to u. becareful with ur decisions on the exchange process. the articles are great too. one of the major achievements imo is that USA and UK are supporting Iraq in their attempt to get released form ch 7..good news [Articles] : Iraqi economy in the world’s fastest-growing at a crossroads. another one: EU amends Iraqi sanctions: Specific restrictions on economic and financial relations with Iraq..
2-3-2-13 Newshound Guru Tlar "Article - Kurdistan was unable to persuade oil companies operating has to invest again" Definitely you could class this as a Mexican standoff. Kurdistan doesn't hit its [oil] projections because Bagdad is delinquent in paying the producers, and now Bagdad won't pay the back bills to these companies because Kurdistan is not hitting the targets, because Bagdad won't pay the companies, because Kurdistan did not hit their targets, because the companies producing are not being paid aren't hitting the targets, so Bagdad continues to hold their money. Did I say that right? I feel like I'm getting dizzy. Sharistani, you run a rough merry-go-round.. Now it is backfiring in you face Mr. control. Kurdistan wants off the ride.
2-3-2013 Newshound/Intel Guru BGG Article: "Five-side Committee stresses necessity IS’ ministers, leaders participation in National Gathering" I’m not convinced this is “the National Meeting” we have been looking for, but it is very interesting and not uncommon for them to “mix things up” intentionally. Some of these “meeting” titles evolve over time – so it is very hard to tell what they are up to – but this is still a good occurrence.
2-3-2013 Newshound Gurus Mike & L.J. Maliki is trying to take control of finance committee; he wants even more $. Maliki thinks he can replace ministers to gain control to access $. Maliki thinks with his signature (being PM) & the signature of the head of the finance committee he could have access to money. Many countries: US, UK, EU, Italy, Spain,Sweden, etc. support Iraq's political process. They are concerned as to how they will meet the demands of the people providing drinkable water, roads, & other demands for human rights. They want Iraq to "Git r done!" so they can do business. Exxon anxious to do business, trying to determine who to do business with, Bagdad or Barzani? Most likely Barzani. Maliki interferes with Iraq's progress in so many ways, he is in his last days! 2-2-2013 Intel Guru OCrush This is in reference to iraqs accession to the WTO. There are major movements for Iraq to be accepted into the WTO. They already are obsevants but it seems they will become full members. For this to happen they need to be released from chapter vii and have an international traded currency. This will also allow iraq to move into the IMF'S Article xiii. The WTO is moving forward to allow Iraq for accession. In conclusion we are almost there. They need to have an international currency to be a full pledged WTO Member!
2-2-2013 Intel Guru TerryK ALOT OF EXCITED PEEPS IS ALL I BEEN GETTING TODAY. I HAVE HAD OVER 100 CALLS. NOTHING CHANGED, THINGS LOOKING GREAT....IT’S SO CLOSE I CAN TASTE IT.
2-2-2013 Newshound Gurus Mike & L.J. Concerning the HCL and Erbil Agreement, the people were denied their % of profits by Maliki last year. It has come to pass, this year they should receive it. It's been agreed upon. Moving forward! US troops were sent in to protect demonstrators. We are there to try to keep peace and prevent a civil war from happening when Maliki is ousted. Countries wanting to do business with Iraq are watching closely.
2-2-2013 Newshound/Intel Guru BGG Article: "Saadi delivers Kobler a letter to Ban Ki-moon" This is an incredibly damaging piece (for Maliki). This is one of the leading Muslim clerics reaching out to the UN for assistance with the Iraqi Government....he is really turning up the heat. In fact, we are seeing a serious surge in activism from the whole religious community right now. This may not seem so important – but keep in mind, it was essentially the blessing of the clerics that got Maliki the job in the first place (Sadr, Hakim, Sistani and the Shia religious leadership in Iran). Not good at all for Maliki. There are some very damaging accusations in this letter…and as I’ve said all along – Ban-Ki Moon is no fan of Maliki’s.
2-2-2013 Intel Guru TerryK CANADA DOLLAR CHINESES WAN AND THE INDIAN RUBI ARE TO RV AS ANNOUNCED IN THE NEWSPAPER. IT DID MENTION 3 MAJOR CURRENCIES. [which newspaper...TK?] WALL STREET. [Where is ours?] IT’S COMING. [What were the major currencies?] IQD, DONG WERE TWO.
2-2-2013 Intel Guru Bluwolf Let me make it sure that this blessing is in the air and it shall be received shortly without further restraints from no one. Just last night ...all of a sudden threw [through?] a national U.S. Weather tv station, a scroll was seen on the bottom of the screen informing to the reality that there will be a big revaluing of currencies and yes the Iraq and the Vietnam currency was spelled out...let it be known that all the above did occur.
2-2-2013 Newshound Guru Kaperoni January was a record month for Iraq. Two banking conferences, EU ratification, investment deals, banking connectivity, UN meeting...When u put all that on what is coming in Feb-April, dfi money, WTO training, UN chapt 7...Iraq is about to take off...They will have no choice but to raise the value of the dinar and make it convertible/tradable.
2-2-2013 Intel Guru Footforward The Asiacell info is irrelevant to the RV. It does not signify the timing of the RV. There are pieces to the puzzle that prove the RV WILL happen and there are pieces to the puzzle that prove WHEN the RV should happen and the two are not necessarily connected. Not everything is an indication of the timing. Be hopeful, be optimistic. There is a time here soon where we will be in post RV mode. [post 3 of 3]
2-2-2013 Intel Guru Footforward There hasn't been any secret RV. Once it RV's you will know right away. The HCL has been agreed to on paper, it just hasn't been activated. People forget that Iraq is under Chapter 7 sanctions and you do not call the shots when you are under these sanctions. They haven't opened their budgets for several years because the budgets that they do are based on revalued dinar. Everything is on hold until they actually have an RV, after that the money will start flowing. [post 2 of 3....stay tuned]
2-2-2013 Intel Guru Footforward Banks at the higher level are looking for this. The RV should happen in February, you can piece things together, things that are moving forward. The purchase of Boeing jets is not the sign of a broke country. The Standby Agreement has not been renewed, it expires February 23rd. If you don't have an RV and don't renew the Standby Agreement, then Iraq will be in a whole lot of trouble because they will not be getting any of their money back. So, the RV should happen between now and the 23rd. Of course things happen, but it should. [post 1 of 3....stay tuned]
2-2-2013 Newshound/Intel Guru Flashing rumors and news are excellent...dealers are expecting it anytime now and...one of them said it already rved, but they are just waiting for the international release of the new rate...again rumors rumors...imo we r close but i don't have any evidence about an internal rv...some sources are saying tomorrow night is our night. again those r just rumors. they insisted the rate will be between 5 and 12 for the iqd and .27 to .57 in vnd. there is no holdups. it will be worldwide at the same time...rumors [are] from trustable sources...expecting anytime now.
2-2-2013 Newshound Guru SWFloridaGuy So, right now they are receiving training laying out all their economic and trade policies that relate to WTO agreements and then the next step will be to submit a memorandum to the panel for consideration. The fact that they are even being considered right now tells me that they have already decided the direction that they are going take with their currency reform project. I'd say they're in good shape moving forward. In my opinion Iraq is headed in the right direction and so is their currency. [post 2 of 2]
2-2-2013 Newshound Guru SWFloridaGuy We have another encouraging report from the WTO. Senior Iraqi officials have received intensive training on the multilateral trading system and to joining the WTO. This is very specific and necessary training that is directly related to the procedural steps regarding accession. Iraq applying for WTO accession is a great sign for investors because a convertible currency is necessary for Iraq to join the WTO...We believe this is an obligatory stipulation for accession where they are concerned. [post 1 of 2....stay tuned]
2-2-2013 Intel Guru Frank26 Now keeping all this in mind IF We see a 2013 budget with an INTERNATIONAL rate soon Then IMO, Iraq will be presented the frayed remaining parts of the UN's Ch7 and walk right into article 8 of the IMF and that...is stupendous for us invested in the IQD! Timing is required in keeping a good rhythm. I like this timing, LOL. IMO, It's about time! [post 2 of 2]
2-2-2013 Intel Guru Frank26 IMO, Iraq will NEVER see the keys to their shackles until they add INTERNATIONAL value to the IQD. This is the way I see it. With the EU unfreezing Iraq's assets Iraq has NOW been given CONTROL of their currency. If Iraq truly wants to do INTERNATIONAL trade with The World once again then the EU has just opened the door wide for them to do so. BUT, First add respect to the IQD. [post1of 2....stay tuned]
2-2-2013 Newshound/Intel Guru Flashing By the way is worth to mention that USA and the United Kingdom are supporting the release of Iraq from ch 7, because in the past these were the powers that wanted to keep Iraq in ch 7. So imo this is very relevant and indicates to me that this time Iraq holds all the cards to get their release from such chapter. In addition to that there were others articles that let us know the imminent status of the rv like this one: "CBI authorization to reduce the dollar exchange rate to enhance the value of the dinar." I feel very confident about our investment and the imminent status of the rv. So be happy and hope for the best because there is nothing negative. [post 2 of 2]
2-2-2013 Newshound/Intel Guru Flashing there is a joint effort to get the pending matters done. At this point may be they are done or are in the final stage of them. All articles are supporting an imminent rv as well as the release of ch 7. Based on the...articles I think that may be the UN and the big players are looking for a total release from ch 7 instead of a transfer from ch 7 to ch 6 and may be that is the reason why they are facing some opposition from Kuwait. [post 1 of 2....stay tuned] 2-1-2013 Intel Guru Blaino additional, we still see the $3.42 rate in the foreign currency division, as a buy rate (buy from you), there is no 'hold' and there is no sell rate (sell to you) which has popped in a few times at $3.6x for 9 to 10 minutes, 4 minutes ONCE.... this is from a major, nationally recognized bank...it has to be some of the best information there IS...Methinks! we will likely see a float (managed or "dirty" float) and there is some conversation that it will likely be close to the KWD. [post 2 of 2]
2-1-2013 Intel Guru Blaino THERE IS A SECRET DEAL THAT I AM INFORMED OF, CANNOT HAPPEN IN A 'CURRENT VALUATION' SITUATION...CANNOT SAY MORE, BUT THAT DEAL IS MOVING FORWARD! last night's festivities were delayed 24 hours (according to my information today). Time is short for the life cycle of the rv/current currency situation in IRAQ.... And it's not looking like it will survive the midweek hump next WEEK...There may be a lot to see tomorrow or MONDAY. iraq has been out of the drivers seat for a long, long TIME. i was planning a "pass" through tuesday at 6am CST...But, Nope! we may see something (based on the last few calls) in that interval. [post 1 of 2....stay tuned]
2-1-2013 Intel Guru TerryK HOW MANY OF YOU HAVE DONG. WHAT WOULD U SAY IF I TOLD YOU YOUR GOING TO MAKE SOME GOOD CHANGE ON THE DONG. WELL THATS WHAT I GOT A FEW DAYS AGO AND HEARD IT AGAIN TODAY, .91 DONG.
2-1-2013 Intel Guru Frank26 I am going to do a Blue Post tomorrow around 7 pm est. IMO, You still do not understand what DELTA brought You today. It is their money NOW...They can RV NOW. How and why...Tomorrow. Stay with the CITIZENS tomorrow.
2-1-2013 Intel/Newshound Guru Poppy3 i just got a call saying maliki has been dealt with during this meeting that has taken place today at najafi's home and that he has been issued a ultimatum in writing to sign all documents he has been served on all his previous agreements, erbil. 140, hcl, borders and to complete his appointments, lift the outstanding warrants on officials and perform all duties by tuesday or he will be removed from office period. This is from a source i know, but i don't know his source, but i know he is in dc and has in the past had some very good information. He like me is taking the news with a grain of salt and hoping like us it is all true. Stated there is another meeting at najafi's home tomorrow to prepare for tuesday parliment meeting...Time will tell.
2-1-2013 Newshound Guru LoriC Article: "The existence of a large cash reserve of hard currency is kept to face the difficult circumstances that may occur in the country gives the strength of the dinar against foreign currencies. The central bank's policy is aimed, according to the benefit to the stability of the exchange rate of the dinar against the U.S. dollar, likely equal to the price of the Iraqi dinar against the U.S. dollar during the next two years after the implementation of the project to delete three zeros from the Iraqi currency." This was a great article from today that confirms our suspicions about a historic, huge 1 to 1 RV.
2-1-2013 Newshound Guru Kaperoni Article quote: "international standards to improve government performance and to serve the overall development process and the public interest and ensure providing accountability and transparency of government performance." if Iraq implements the financial reforms they are suppose to, they will have a difficult time stealing as the article said.
2-1-2013 Newshound Guru Administrator Bob Article: "Council of Ministers: the deadline next May immunity" This is big news. The end of financial immunity forces Iraq to interact with creditors. If not, they are subject to leans, lawsuits, etc. This particularly is interesting as it relates to the Paris Club, IMF Stand-By-Agreement scheduled to expire Feb 23rd. 2013 appears will be the year for Iraq to complete the plan.
2-1-2013 Newshound Gurus Mike & L.J. Formation of Iraq government is key. Emergent deadlines approaching. Iraq needs to "grow up" & value their dinar in order to run w/the big boys. CBI is moving forward as quick as it can. Adding too much value too quickly could cause instability. Economic process takes a lot of time considering factors that need to be correct. CBI is slower without Shabibi, but has to get it in gear for emergent deadlines. Maliki doesn't want the Iraqis to have anything. When Maliki is gone, it seems Shabibi would be back to restructure the bank & thereafter cause great change in a few weeks time.
2-1-2013 Intel Guru TerryK HEAR IF YOU HANG ONTO YOUR DINAR THAT IT WILL BE WORTH LIKE 11 BUCKS BY THE END OF FEB. THERE IS GOING TO BE A RATE GIVEN LIKE A 3.42 RATE THEN IN A FEW WEEKS IT WILL BE UPWARDS TO 11...BY THE END OF FEB. THATS WHAT I WAS TOLD THIS AM, MANAGED FLOAT. KUWAIT IS GOING TO RV AS WELL. HEARING DONG CAN BE AS HIGH AS .91. I WISH I COULD TELL YOU EVERYTHING THAT IS GOING ON. A FEW OF MY SOURCES HAVE PM'ED ME ON HERE AND HAVE CONFIRMED ALREADY WHAT I WAS TOLD. ITS HUGE PEEPS AND ITS REAL [post 2 of 2]
2-1-2013 Intel Guru TerryK I GOT GREAT NEWS THIS AM BUT THEY PUT THE DUCT TAPE ON MY MOUTH. IF I TOLD U WHAT I KNOW YOUR EARS WOULD MELT. SO IM HEARING IT CAN BE HOURS, NO LATER THAN SUNDAY NIGHT. IT CAN BE EARLIER BUT IM HEARING AT THE LATEST SUNDAY NIGHT. ITS NOT IN OUR CONTROL THINGS HAPPEN. YOU’RE DEALING WITH GOVERNMENTS, NOT JUST ONE BUT MANY. [post 1 of 2...stay tuned]
2-1-2013 Intel Guru BOBGETZ6 As I understand it, the CBI site will be live, not static when the rv occurs internationally. The rv will be a managed float of 2% over a 90 day period. No movement up or down beyond that. That refers to the CBI site rate. Also, as I found out yesterday, the dealers WILL NOT get advance notice...Trying to gather information from a dry and quiet well. Everything supposedly is done and could happen anytime, but not continually hearing voices. So we wait, as usual.
2-1-2013 Newshound/Intel Guru Flashing as of 8:00 am pr [Puerto Rico] time dealers were selling dinars. I personally verified that. However these sales can be stopped at any moment since they are expecting instructions regarding the new rate of IQD...so we still are in an any minute alert as per rumors. I will keep you updated.
2-1-2013 Intel Guru Wife in the Know Remember, as I stated previously the final piece to the puzzle is the approval vote of the 2013 budget. This again is scheduled to take place early next week (Feb. 5)...My husband has told me that there can no longer be delays on the opening of the new budget, reason being is that there are many signed contracts with different countries and independent contractors that can not be rescinded. Along with that, Iraq wants to be able to be part of the international community, and this will only happen once there budget is approved and all sanctions are officially removed (already done) and announced. I am very excited to finally see this investment come to fruition, and I fully believe it will happen this up coming week! The rate will be 3.42 and rise over time from there, don't let anyone tell you anything different. We are truly at the end friends.
2-1-2013 Newshound Guru Adam Montana [Who is ultimately responsible for pushing the button on the currency reset for any country? There are so many opinions out here, IMF, WTO, BIS, etc. Who actually is the implementer?] I can't go through the entire world and list all the countries, but in this case the CBI is in charge of the "button". When they say the rate goes up - up it goes! Of course, they need to have the support of the outside market to make it a huge success, which is why they didn't just arbitrarily do it years ago. They have worked steadily towards a stable and powerful supporting system in order to make this work. The UN has stated they are compliant, Kuwait has forgiven most all of the debt, the US is backing them, and they should have no problem supporting a higher rate when the CBI says it is time.
2-1-2013 Intel Guru Gankans If the Dong RV's tonight so will the Dinar and all the others. The rates will shock a lot of people when they come out, but the rate will be determined off of their oil, gold, and other precious metals and valuable resources. It's ridiculous how close we are. I'm blown away that we haven't gotten to the end of this book. Look for it.
2-1-2013 Newshound Guru SWFloridaGuy From what I can gather Regulation 1210, which was just amended to favor Iraq...It has been amended to aide in the manumission of frozen funds, further promote trade with Iraq and free up financial and economic resources. I believe EU amended these sanctions to promote economic and financial relations between the European Community and Iraq. I would very much like to get my hands on the exact language and legal structure of how they amended these sanctions because it could have great implications for Iraq's financial future. This is great news for us.
1-31-2013 Intel Guru Flashing ready for the rumors: a dealer said it already rv. they are just waiting for the official communication and the final rate. they are just waiting this during the next hours. again, such are rumors and i still waiting for a call. i am very optimistic because i received such rumors of an rv of certain currencies at feb 1 about 2 weeks ago. remember that the current situation is totally different to the one in previous years and or months. the drivers are done. articles are screaming two letters = rv. [post 3 of 3]
1-31-2013 Intel Guru Flashing the ratification of the two agreements related to the major obligations under ch 7, made possible the release of Iraq from ch 7. After reading the article issued today, IMO, Iraq is out of ch 7. So these news are outstanding and let us know the imminent status of the rv. As i always told u there are a direct relationship between ch 7 and rv because the devaluation of the iqd was a sanction. So be very happy because we are about to see the birth of this golden baby. [post 2 of 3....stay tuned]
1-31-2013 Intel Guru Flashing Iraq is just like a person in jail. In order for that person to be free again, she has to meet certain requirements or obligations . In the case of Iraq, Iraq had to meet certain regulations and obligations so that he could leave the ch 7 and therefore could be relieved of its sanctions. Iraq has made its utmost effort to meet all its obligations under ch 7 and agreed with kuwait on them. ...the major obligations of ch 7 were done. [post 1 of 3....stay tuned]
1-31-2013 Intel Guru Delta The big announcement is: We are going to see the revaluation of the Iraqi dinar in February. This comes from 3 high sources. Everything is ready to go. Don't know the exact date. They may do it before the budget. We don't know the rate. [post 3 of 3]
1-31-2013 Intel Guru Delta We have confirmation from the IMF that the Standby Arrangement will not be extended anymore. They did not say anything about an extension of the DFI funds. It will expire in May. If they revalue their currency they will not need an extension any more. All indications is Iraq will have to basically support themselves. They will have to start paying their debts. They will have about 80% of their debt erased but they will have to reach certain benchmarks. One of the benchmarks that Iraq has to meet with the sponsor of the World Bank & the IMF is to restructure their currency. Will they do it? They don't have a choice. It is not in Iraq's hands, when the time is right the The World Bank & the IMF will do it. [post 2 of 3....stay tuned]
1-31-2013 Intel Guru Delta The CBI is now connected to all the banks in Iraq, this was a huge announcement in Iraq. This gives us an indication that the CBI is ready to go. They announced that they will open a free market zone in 3 areas in Iraq. They will do a lot of trade between Saudi Arabia, Kuwait, Jordan and Iraq. This was huge. Iraqi Airlines - Kuwait got their money, 500 million dollars and now Iraq is going to start flights to Germany, Sweden & basically all over the world. The budget will be approved on the 5th. It doesn't look like there will be any problems or issues with the it. Looks like they are all happy. Can they revalue before they have a budget? Yes, they can. They can revalue before or after the budget. [post 1 of 3....stay tuned]
1-31-2013 Intel Guru TerryK MY MAIN THREE SOURCES HAVE CALLED TONIGHT, THEY ALL ARE IN THE SAME BOAT YET THEY DO NOT KNOW EACH OTHER...THREE SOURCES SAYING THE SAME THING...WONDERFUL CALLS TONIGHT. THE BLESSING IS UPON US. WE ARE THERE. IT’S COMING PEEPS. I CAN’T TELL YOU THE DETAILS JUST BE READY. AS I HAVE SAID THIS PAST WEEK AND LAST NIGHT, IT UPON US. IF NOT SOMETHING MAJOR HAPPENED AND HELD IT UP BUT IM BEING TOLD IT’S BEEN SIGNED OFF.
1-31-2013 Intel Guru Blaino there is a lot of intel that we are... in the quickening and the clock on this is ticking down; last night and all day today, additional information has allowed us to see that 'something is AFOOT!".... We have a tremendous positive expectency...also: working on the idea of managed float at ... Remember our RATE.... $3.4x give or TAKE.... And maybe as a managed float from THERE.
1-31-2013 Intel Guru Bluwolf It seems to be imminent that the INTERNATIONAL RELEASE OF ALL CURRENCIES IS IN THE AIR. All brokers are now awaiting for there phone call to close up shop (all sales must stop before the rv.). There were some very important video conference calls from our central bank to all banks in the U.S. Bank screens are blinking like Christmas lights, so I think that this blessing will come forth within a few. America, Puerto Rico and the World be forever blessed, I declare prosperity to all and wisdom to do what is right. Remember that it shall come like a thief in the silence of the night.
1-31-2013 Newshound/Intel Guru Flashing remember i told u about a meeting in Dubai and an bout the possibility of pr [Puerto Rican?] dealers to stop sales during this weekend. well apparently is true. in addition almost two weeks ago i told u about an RV schedule for feb 1. well we r on track. articles are on line with such rumors. i am trying to confirm that information.
1-31-2013 Newshound Guru Mountainman Right now the GOI is working very hard on passing the budget and the HCL with 25% of those profits going to the citizens. There are a lot of rumors floating around right now that seem to coincide with the news. So, let's hope this is it.
1-31-2013 Intel Guru TerryK ANYONE HEARD THAT CNBC JUST ANNOUNCED THE RV TOMORROW FOR IRAQ? - JUST GOT A CALL ABOUT THAT, SO GO CHECK IT OUT AND ALSO HEARING THAT THAT RATE IS ABOVE 10. [Now that would make no sense - Everyone would be buying?] I KNOW BUT THINK WHO WOULD UNDERSTAND THAT STATEMENT OTHER THAN US THAT IRAQ WILL BE RE EVAL ITS CURRENCY TOMORROW, WHO WOULD OR HOW WOULD THEY GET THE CURRENCY ANYWAY. SO THAT’S THE CALL I JUST GOT - I DON’T KNOW IF IT’S REAL.
1-31-2013 Intel Guru Okie_Oil_Man WE HAVE TALKED WITH THE MIDDLE EAST THIS MORNING AND THEIR ARE ALSO RELATED ACTIVITY IN THAT REGION AS WELL AS HERE IN THE U.S.A. IT APPEAR'S THAT WE MAY BE AT THE END OF THIS SAGA THAT HAS BEEN GOING ON FAR TOO LONG. [post 3 of 3]
1-31-2013 Intel Guru Okie_Oil_Man THE PROJECTED DATE AND RATE'S ARE SUPPOSED TO BE A SETTLED QUESTION PRESENTLY. AS TO WHEN THE ACTIVATION PROCESS ACTUALLY BEGINS ARE UNKNOWN TO ME FOR CERTAINTY BUT APPEAR'S TO BE VERY CLOSE. [post 2 of 3....stay tuned]
1-31-2013 Intel Guru Okie_Oil_Man GOOD LAST DAY OF JANUARY AMERICA, SHIP'S AT SEA AND ALL OUR WORLD WIDE FRIEND'S. THE AMOUNT OF INFORMATION WHETHER FACT OR RUMOR HAS BEEN RAMPANT THESE LAST 2 DAY'S. IT APPEAR'S FROM THE FACT THAT CAN BE GLEANED FROM THE FICTION THAT ALL THE PRE-REQUISITE'S HAS FINALLY BEEN ACCOMPOLISHED AND WE ARE SIMPLY IN A WAITING MODE FOR ACTION'S TO TRANSPIRE. [post 1 of 3....stay tuned]
1-31-2013 Intel Guru TerryK LOOK AT THIS MESSAGE "Terry, Just got a call and being told RV tonight at 11:59 PM at $3.42."
1-31-2013 Newshound Guru Kaperoni Article: "Parliamentary warns of economic impact of reducing Iraq to tally of gold on the national economy" This is great. Mahma Khalil again who is a Kurd pointing out that selling gold is bad. He continues to push the high dinar exchange rate. We need to hug this guy.
1-31-2013 Newshound Guru Tlar Well Shabibi's gone, we have no RV as of yet. and the 10,000 counterfeit bill is of a concern again. Iran's economic lifeline is again operating at full speed. Yes, hard currency is once again being drained out of Iraq but it should not have a noticeable long term effect on the currency value. It is hard to pass and it is expensive. I think this is intentional. But to us, IMHO, it is more of an aggravation than any real threat to the value of the currency and most likely will stop with the election of a PM who is not sympathetic or beholden to Iran. [post 2 of 2]
1-31-2013 Newshound Guru Tlar Two years ago the Iraqi government was informed by the US intelligence that Iran was counterfeiting dinars and selling them in Iraq for hard currency. Shabibi asked the government to get on top of the counterfeiters because the CBI had no security force to do the job. The government did not respond. Eventually,Shabibi put steps in place within the bank that made it much harder to be able to sell counterfeit currency, money launder, or smuggle, all the tools necessary for state sponsored counterfeiters (Iran) to be successful. [post 1 of 2....stay tuned]
1-31-2013 Newshound Guru Adam Montana [We in the past had heard that "No RV until the Ministers were seated or until Iraq has formed their government" has this happened? or are we still waiting for this to happen? Does this still apply to the RV?] I don't think I ever specifically stated that, but there is at least SOME quality to that opinion. There was a time in the past when it was simply impossible for them to successfully RV their currency, due to massive gaps in their coordination and structure. As of today, I would be comfortable saying they are capable of successfully pulling off an RV.
1-31-2013 Newshound Guru Bondlady they did work on the budget yesterday and how can they come to an agreement on the distribution of the 25% of the oil profits if theres not already an agreement on the hcl ? how can you pass out oil profits without the last part of the HCL already being passed, thats the part and last part of the HCL , the part they fight most over, who gets what and how much, so they did work on the budget yesterday and we see it today, ;, see how important all this is.
Read more: http://www.dinarguru.com/index.html#ixzz2K2dwAZ9g
1-30-2013 Intel Guru Bulldog75 IRAQI AIRWAYS HAS CONTRACTED TO $ BUY (50) NEW BOEING 737 & DREAMLINERS 787. A COUNTRY WHO CAN PURCHASE 50 NEW AIRCRAFT FROM BOEING HAS A TREMENDOUS AMOUNT OF IN-COUNTRY FINANCIAL STABILITY AND WEALTH. THE COUNTRY OF IRAQ HAS SUCH AN ABUNDANT SUPPLY OF: MINERALS, OIL, GAS, GOLD, SILVER, DIAMONDS THAT IT IS DIFFICULT TO CALCULATE THE $ WEALTH OF IRAQ. THE 'CE' [CURRENCY EXCHANGE] HAS TO COME TO FRUITION FOR THE MANY MULTIPLE REASONS WE HAVE GROWN TO KNOW.
1-30-2013 Intel Guru OCrush [via HopesAway] Cousin just answered another one of my questions. I asked him where we are at with the hcl law? His response....it is done, there are new contracts put out by the ministery of oil. One contract that is stil being negotiated is exxon mobil. It seems we are almost there. [post 2 of 2]
1-30-2013 Intel Guru OCrush [via HopesAway] Lt. General Calsen is in charge of our units. For the past 2 weeks they have been coordinating the closer of ALL borders. This coordonation involves iraqi, kurdish, jordanian, hired military hands, UN and our boys and girls. C130's have been flying in from Germany to supply the needed armaments for this coordination. This could only mean one thing, to protect iraqi's interests as my brother said. Holy cows we are there. It feels like a dream but its really happening. [post 1 of 2....stay tuned]
1-30-2013 Newshound Guru Adam Montana [Can you please explain why the banks have had a change of heart. Are there any new developments that we are unaware of?] I don't think there has been any "change of heart". All of these banks know they will trade the Dinar when it becomes tradable, but until then they don't want to waste time on the phone and in person with people asking tons of pointless questions. So the "official" policy is "no dinar" - but the REAL intention is always to make money, so of course they will trade it when the value changes.
1-30-2013 Intel Guru OCrush Something urgent is happening in iraq. My cousin spoke to the new deputy of the oil ministry. (I didn't know the old was replaced) There are changes that were made within the contracts that reflect a favor to its iraqi employees. There will be a notice on this changes at the appropriate time (within days) he told him. My cousin senses the revaluation will happen first before the budget is released. It seems companies are taking steps for the change. Also BIG military movements within Iraq. Don’t have details, my brother will try to call me later. Anything can happen at any time...expect surprises without any notice.
1-30-2013 Intel Guru SteveI The list goes on but the fact that it is not done is very clear, no budget means no money, period! Until this happens we can just all sit back and let the powers to be complete their mission. Why the budget has not been passed is fairly simple, a few blocs just could not agree. Now that they finally all agree...things will move forward quickly. I am extremely excited and confident in what we are sharing and what is about to happen. Ray and I ...try very hard and spend many hours verifying what is being told to us from our contacts. Things will change very quickly after the budget gets final approval. [post 2 of 2]
1-30-2013 Intel Guru SteveI As we near the end of January 2013, many things were in the works to have made this happen. Many things did, but not enough of them to release the new currency and the new rate. So here are a few facts that is known: 1. The Iraqi Budget of 2013 will be voted on Tuesday, February 5, 2013. 2. The United Stated Treasury is still in Iraq working with the Ministry of Finance. 3. The Iraqi Budget of 2012 and official accounts were closed December 31, 2012, so in order to draw funds from the 2013 budget it needs to be approved. 4. Iraq needs money now, not months from now. 5. Banking laws are in place and ready to go. [post 1 of 2....stay tuned]
1-30-2013 Newshound Guru Adam Montana [When Parliament passes the budget for 2013, do you think that there may be a way to tell from the budget if they are planning to r/v soon , such as the size of the budget or places where they have allocated more funds?] No, not a chance. The budget will absolutely not tell us anything about the RV - that will be a completely separate budget based on a completely different rate.
1-30-2013 Intel Guru BWM IMO and again, this is an opinion...based on information that it would not happen during January...after that, we take it as the information comes...I'm still hopeful for february or I'd tell you otherwise. also, the "big" celebration in Iraq according to my sources had nothing to do with currency...it was several things of which the dinar was not involved.
1-30-2013 Newshound/Intel Guru Flashing check this, it is huge - Article: "Iraq Signs Maritime Navigation Deal with Kuwait: Iraq on Tuesday approved a deal with Kuwait regulating the use of a shared waterway through which most of Baghdad’s oil exports flow, which Iraq had accused its neighbor of attempting to cut off. Control of the Khor Abdullah waterway is one of several outstanding issues between Iraq and Kuwait...The agreement opened the door to discuss other unresolved issues between Iraq and Kuwait" Baghdad pays five percent of its oil and gas revenue into a special United Nations fund that pays compensation to Kuwait for its invasion and seven-month occupation of the emirate...be prepared because this rv is going to pop up very soon.
1-30-2013 Intel Guru Footforward There is a lot going on in Iraq, but ignore it, it really is irrelevant. There are different opinions on both sides as to whether Maliki will be staying or going and Talabani is still alive and well and in Germany and is getting treatment for his back as for as I know. Turki is the acting figure head for the CBI. Basically, Shabibi is still calling the shots, he is still very much a part of things. The banks are on alert, as we are. The Iraqi government expects this to happen. The CBI expects this to happen. I am still expecting the rate to be really good and I am still expecting it to go at anytime. [post 2 of 2]
1-30-2013 Intel Guru Footforward There are a lot of good indicators out there that things are moving. The budget is not a drop dead indicator for the RV. They can't open their budget until they have an RV and this is beyond Iraq's control. Is the budget a good thing, yes, but not an RV indicator. The people of Iraq believe that the RV will happen in a short period of time. How close are we? What is holding it back? There is a battle for control over the world banking system, it's that simple. [post 1 of 2....stay tuned]
1-30-2013 Newshound Guru Adam Montana rumors and "intel" should always be taken with a grain of salt...but this one is becoming more than a rumor, and it is happening NOW. Shabibi, in my opinion...was in the way of progress, and now he has been removed. If you do some research on al-Mutlaq, you will see that he was also holding up things and rubbing people the wrong way - I highly doubt he stepped down on his own, more likely he was forced to "resign". The bottom line here my friends, is that once the first piece falls... the rest come soon after, and that is what we are seeing. [post 2 of 2]
1-30-2013 Newshound Guru Adam Montana recently we have been watching for a complete seating of the GOI, a resolution (official) on the HCL and Chapter 7, and a very telling note is the removal or resignation of certain officials. several weeks back, Shabibi was forced out of his role. I received news about two weeks ago that more heads would be rolling soon, either voluntarily or by force. I received a stronger confirmation of that news just last Friday and now on Monday we received official word that Saleh al-Mutlaq (Deputy Prime Minister) has voluntarily resigned. [post 1 of 2....stay tuned]
1-30-2013 Intel Guru Winalot latest update at 6:00 am this mornin...should show publicly sometime today or tonight at the latest.
1-30-2013 Intel Guru Frank26 based on what “we” know; the budget may come out next Tuesday without a rate showing whatsoever. they will likely mask us all the way out to Feb. 23rd. Why? The reason being is due to the need of laws and Ch. 7 not being released. It has to do with Laws and Article 8. We are in Ch. 7 of the UNSC; we are in Article 14 of the IMF and we wish to walk into Article 8. The rate can be released anytime…but the conditions must be right; the timing must be right for it to come out. The laws need to be passed. Borders, HCL, tariffs…etc. this is a POWERFUL thing that is happening; not just for Iraq; but for the WORLD!
1-30-2013 Intel Guru Delta [will Iraq have trouble revaluing their currency?] No. Iraq has no problems with their currency...not one penny will be consumed from their reserves when the RV occurs...no matter the rate. Reserves increase with the release of the new currency and economic growth; jobs will fuel and cover the reserves and the RV. Their resources are off the charts. When this thing comes out it’s going to be powerful. They are ready to go. They are waiting…to go. The whole world wants to pour into Iraq.
1-29-2013 Intel Guru Gankans TK [TerryK] is spot on about this happening very very soon. I say, should be cashing out in 2 days. There is something significant going on right as we speak. This has nothing to do with TK Or any of his sources. If all goes well over the next 8 hours, we should be in the clear. Please understand that this can change at any second. I hate to say that, but it's true.
1-29-2013 Intel Guru Winalot I have heard from a couple of bankers that the rates are in the banks and from 1 exchange group. did you guys notice that the IMF did not update today? most of the rates are blank?
1-29-2013 Newshound/Intel Guru Flashing On the other hand rumors are great. i still receiving rumors that there is a revaluation schedule for Feb 1 as indicated to you last week. . The rv could happen in any moment. PR [Puerto Rican?] dealers are getting ready in terms of facilities for the exchange. Again there are rumors that banks are on a green alert. This is about to pop up as per different sources and i am very excited about anytime during this week. [post 2 of 2]
1-29-2013 Newshound/Intel Guru Flashing Excellent news were posted yesterday in several articles. everything is great with respect to Iraq and Kuwait so the environment is adequate for a big event. With respect to ch 7, as i said before Iraq will be transferred from ch 7 to ch 6 under the Supervision of UNAMI. It is the preferred option of Ban Ki . Kuwait and Iraq accept that option too. [post 1 of 2....stay tuned]
1-29-2013 Intel Guru TerryK O [OBAMA] GOT SOME THINGS WORKED OUT IN VEGAS WITH CHINA. HE IS ON HIS WAY BACK TO THE BIG HOUSE…TOMORROW HE MEETS WITH A LOT OF DIGNITARIES. I’M EXPECTING AN ANNOUNCEMENT TOMORROW NIGHT ABOUT THE RV. LET’S SEE WHAT TOMORROW BRINGS.
1-29-2013 Intel/Newshound Guru Poppy3 From my perspective, they are cutting Maliki step by step. They have been more deliberate and more positive in their doing things towards Maliki in the last 3 - 4 weeks. Everybody has turned against him & want him out of there.
1-29-2013 Intel Guru OCrush This is good news for us. The corruption will be limited and this is one way to get rid of them so the country can move forward. The 2013 budget will be transparent and each minister has to report to the integrity committee on the progress of all projects that fall under there juristiction. the budget is not activated yet. It will be so don't drive yourselves crazy. One more fact. Unami has completed reviewing the 2013 budget and I believe they put out a short statement a few days ago. This is a good sign. Why you ask? If the budget wasn't ready they would not have reviewed it and put out a statement. [post 2 of 2]
1-29-2013 Intel Guru OCrush Tomorrow is the last day for the law makers to submit there financial statements (this includes parliament, ministers, presidents and so on). They have 30 days to submit them and it started January first and ends January 30th 2013. This falls under the integrity law and for those that do not submit there financials they will be investigated under the law. As of January 18th only 162 members submitted there financials, 151 were still holding out. Najaifi, Maliki and a few other high ministers and presidents already submitted there financials mid-January. Most law makers that have not submitted the financials come from Iraqiah (Allawis former bloc). They will probably resign to save themselves. [post 1 of 2....stay tuned]
1-29-2013 Intel Guru TerryK WHAT I JUST GOT AND I CAN’T GIVE IT ALL: O [OBAMA] IS IN VEGAS MEETING WITH CHINA. HE IS DOING OTHER THINGS BUT THAT’S THE MAIN REASON. THEY ARE IN MEETINGS TO ENSURE FUNDS ARE ALIGNED TO SUPPORT THIS RV THAT IS COMING, COMING LIKE THIS WEEK, MAYBE AS SOON AS TOMORROW NIGHT. NO RATES. IT’S ALL IN GETTING THIS DONE. CHINA WANTS IT DONE NOW. PERIOD.
1-29-2013 Newshound/Intel Guru BGG The Term Limit Law was passed. They are making legitimate progress in the news. I have said there will be no RV until they deal with Maliki in some way. It is possible that he stays if the IMF & UN are comfortable enough to have him in place. The passing of The Fed Courts Law and the Term Limits Law may be enough to make them comfortable. Huge news...The Supreme Court Justice in Iraq had corruption charges against him. I don't think we are going to see a rate in the budget. I don't think it is the linchpin to the RV. I think dealing with Maliki is going to be the linchpin. They don't want to turn things over to a dictator. We are in the home stretch, it's not very far off. The news is all good, let's hope for good things in a week or so.
1-29-2013 Intel Guru TerryK IM HEARING ON ONE SIDE WE ARE TO SEE THIS BLESSING ANY MOMENT AND YET SOME ARE SAYING THAT WE MAYBE ON HOLD...BUT I DONT PUT STOCK IN IT AT ALL. IM STICKING WITH WHAT THE WASHINGTON SOURCE TOLD ME YESTERDAY THAT WE ARE THERE. I WAS BUMMED WHEN WE DID NOT SEE THIS SUNDAY NIGHT AS I WAS TOLD BUT YOU ALL HAVE TO UNDERSTAND I BRING WHAT IM BEING TOLD FROM MANY SOURCES. IF THINGS WORK OUT AND THE SOURCES ARE TRUE WE CAN STILL BE LOOKING AT THIS ANY TIME.
1-29-2013 Intel Guru Frank26 Who cares about ch7 anymore? Few. Because It's waiting for timing and KW only. Also, Is oil the only thing to back up RV? NO!!! What is on top of this OIL?! GAS and WATER. MORE VALUABLE than oil. Why? Because it is for Iraq and some countries around them for trade. Infrastructure and Commerce growth. Hence The Chamber of Commerce immersed in Iraq NOW. You see, Commerce is the whole system of an economy that constitutes an environment for business. The system includes legal, economic, political, social, cultural and Impacts their INTERNATIONAL status with conditions of a valued currency.
1-29-2013 Newshound Guru Adam Montana With the current state of things, it's starting to look like the stars are lining up in our favor. I have 100% confirmation from several major banks that they DO have plans to move from "no dinar" to "bring it on!" so... until that RV is announced, we still wait.
1-29-2013 Intel/Newshound Guru Poppy3 We know about the call for the vote on the budget & that doesn't mean that the RV will happen when it is passed, but it is a step on the ladder and they have made a few steps in the last few days. I think there are two things left before the RV: 1. Dealing with Maliki 2. someone in charge of the CBI that the IMF approves of. I don't see them working with Turki.
1-29-2013 Newshound/Intel Guru BGG they are moving right along and like I said... I believe we’re in the home stretch...we’re in good shape.
1-29-2013 Intel Guru Gankins We are right on target for the...RV. Should be seeing this all very soon. [Do you think it will go very far into 2013?] no.
1-29-2013 Newshound Guru Med REMEMBER THOUGH THAT IS NOT EXCHANGE RATE, THAT IS THE REPLACEMENT OF WHAT IS OUT NOW VERSUS WHAT THEY WILL RELEASE AND JUST HOW MUCH. THE RATE CAN GO ANY DIRECTION. I STILL THINK THE BEST WE WILL SEE IS AROUND THE SR TO ABOUT .84. THE SR IS ABOUT .28 TO .33. [post 2 of 2]
1-29-2013 Newshound Guru Med I AM JUST GOING OVER... THAT ARTICLE...THE TRANSLATION FOR LIKE THE 20TH TIME. I AM TOTALLY CONFIDENT IN WHAT I DETERMINED IT WAS SAYING. THIS IS ABOUT THE REVALUATION AND DISTRIBUTION OF NEW CURRENCY VALUES. IT WILL BE DONE SLOWLY BUT SLOWLY AS IN HOW THE DENOMS ARE RELEASED. THEY ARE NOT GOING TO FLOOD IRAQ. I AM SAYING BY THE ARTICLE, THE RELEASE OF THE RESTRUCTURED CURRENCY IS GOING TO BE OVER, IT LOOKS LIKE WHAT THEY FIRST SAID, TWO YRS. [post 1 of 2....stay tuned] 1-28-2013 Intel Guru SteveI I am reading (only one) article that says the 2013 budget will be voted on next Wednesday and not this Wednesday. I believe this to be not accurate or they are reporting this in error. I also think this week looks good for this to happen, but I also feel that it very well could go into February. It is coming and it is just around the corner. We are working very hard to acquire some additional information that we can share. [post 2 of 2]
1-28-2013 Intel Guru SteveI What I can share, and this is coming from several of our sources in and around Baghdad, that there is quit a high level of activities taking place. By activities, I am saying there are many countries that have sent diplomats. My assumption is that these countries would not have sent the upper level diplomats for an extended vacation and sit around until the Iraq leaders get their acts together. This just does not many any sense. [post 1 of 2....stay tuned]
1-28-2013 Newshound Guru SWFloridaGuy We can look at that in 2 ways, it's either saying they're just going to continue to work with them as they have been or they are working with them on a plan right now. The timing sure does feel good for them to make a move now. Whether that's a small move or a drastic one, who knows. We've seen on par with the USD mentioned many times though. I doubt they'll go international until the rate is much higher but that's just my opinion. [post 2 of 2]
1-28-2013 Newshound Guru SWFloridaGuy A month ago the Secretary General of the UN said that regarding compensation, "The Board of Directors of the Compensation Committee of the UN noted Iraq's commitment to fulfilling its obligations," and expressed that appreciation continued to the GOI and the Committee of Financial Experts Iraqi for their continued cooperation with the Compensation Committee. [post 1 of 2....stay tuned]
1-28-2013 Newshound Guru Doc What is really interesting here is Maliki was blocking much of these recently enacted laws just a few months ago. We find it interesting that after visits from the IMF, EU, USA, etc. Iraq seems to be moving forward with break neck speed. Did the international pressure finally get to Maliki? Remember the IMF expects Iraq to be a contributing member by 2014. Did he finally relent to the will of all the people? Who knows but whatever the dynamics you have to be encouraged. Things are finally getting done. We still must caution all that Dr Turki said this will be done "soon". Hopefully soon is a quicker time frame than "in coming days". We report, you decide. [post 4 of 4]
1-28-2013 Newshound Guru Doc The second statement we enjoyed is "correct value of the currency, must be taken slowly and carefully". When you look at this with the recent articles from the CBI on monetary policy it suggests some type of float. Yes it could be that they are taking their time to RV to a higher value but coupled with the other articles we do not believe so. The best economic situation for the CBI is to RV at a lower value and let natural market forces drive up its value as Iraq actually produces increased oil supply. We can not see them RVing at the high rates report by some with any type of float. Any little hiccup in regionally stability or oil supply would most likely send the currency plummeting. [post 3 of 4....stay tuned]
1-28-2013 Newshound Guru Doc There are two statements we really find encouraging. First Dr Turki stated they are in process of taking the steps needed to be in position to raise the value. We have speculated in the past that certain laws needed to be in place to sustain stable currency reform over the long term and that Shabibi and now Turki understand a rush to RV would be disastrous. We have recently seen laws get passed such as banking laws, push to join the international electronic banking community, etc. that we have not seen in the past. These are all needed to maintain a stable currency in the long term. The 50,000 pound gorilla (in our opinion) that they lack is HCL. Without this the assets are not secured and the underlying value to support the dinar is not there. Dr Turki rightly linked a raise in value to these assets. [post 2 of 4....stay tuned]
1-28-2013 Newshound Guru Doc We did see the speech by Dr Turki after our last update. We have to admit we are excited. The information in the speech aligns very nicely with the two articles from the CBI we reported on in out last update. First you must be careful and determine if this information is pertaining to currency reform or to the short term goal of getting the street value of the dinar to the program rate. Our opinion is this is in reference to currency reform since Dr Turki tied this value back to Iraq's assets. Most of the time the short term references are purported as "raise the value in the coming days" and linked to the immediate decline of the dinar and worsening purchasing power. [post 1 of 4....stay tuned]
1-28-2013 Intel Guru Okie_Oil_Man [Do we know why this is being held up?] THE COMPLEXITY OF GETTING 198 COUNTRIES ALL CO-ORDINATED AND IN AGREEMENT ON A WORLD GLOBAL RE-SET OF THEIR CURRENCY IS MIND BOGGLING. ALL IS TIED TOGETHER--THIS IS A GLOBAL SCENARIO. [post 3 of 3]
1-28-2013 Intel Guru Okie_Oil_Man THERE ARE MANY THING'S THAT CAN'T AT PRESENT BE ELABORATED ON BUT HOPEFULLY SOON WE WILL BE ABLE TO OPENLY DISCUSS THE DEGREE OF COMPLEXITY THAT WAS NECESSARY TO BRING ABOUT THE SUCCESSFUL CONCLUSION OF OUR HOPE'S AND DREAM'S. I AM VERY ATTENTIVE AT THIS TIME. [post 2 of 3....stay tuned]
1-28-2013 Intel Guru Okie_Oil_Man GOOD AFTERNOON AMERICA, SHIP'S AT SEA AND ALL OUR WORLD WIDE FRIEND'S--TODAY (MON 1-28-2013) THERE APPEAR'S TO BE A GREAT DEAL OF ACTIVITY GOING ON BEHIND CLOSED DOOR'S AND BEHIND THE SCENE. FROM INFORMATION RECEIVED TODAY IT SEEM'S THAT EVERYTHING IS VERY PROGRESSIVE AND MOVING FORWARD TOWARD'S OUR GOAL. [post 1 of 3....stay tuned]
1-28-2013 Newshound Guru Bondlady Article quote: "The Central Bank issued a decision committed by all private banks and government using banking systems developed to be able to to keep abreast of developments in the international banks. added: that this decision will help to develop the banking sector and to enter the competition in global markets, plus it will help to attract foreign investments and contribute to the development process." "and to enter the competition in global markets", international baby...bring it on...when they let them all do the auctions that helped them all to raise their capitol for one which the cbi told them they needed to do and this was a very quick way to do that, as selling usd made all of the banks participating mucho profits and hence raised their capitol to support the loans and the people and to back whatever transactions they needed to also it brought in major amounts of iqd back to the cbi preparing for what we know is about to take place the new money and new rate, i guess i should insert here, IMO, but i think i'm right and if i'm not i'll stand up and say so.
1-28-2013 Newshound Guru Doc Also Kuwait requested the UNSC continue to keep the Iraq-Kuwait situation on the agenda the rest of the year. This suggests chapter 7 release is [not] eminent as some suggest. We have not seen a closed deal on chapter 7, budget, GOI, HCl and others. We also see Maliki fighting for his political life. We simply do not believe currency reform is at any second since the political climate continues unstable and the Kurds are still considering withdrawing from Iraq. We hope that the current events concerning Maliki are resolved quickly and this fury of activity is actually completed. We report, you decide. [post 2 of 2]
1-28-2013 Newshound Guru Doc We still remain cautiously optimistic at this point. We have seen a fury of positive news in the past only to be disappointed. However the current fury appears to be extremely focused on those things that we believe will preclude currency reform. Our cautious position remains since we are still seeing delays like the budget vote. [post 1 of 2....stay tuned]
1-28-2013 Intel Guru BWM [Is this RV really out of Iraq's hands?] my firm belief has always been this was out of iraq's hands TO AN EXTENT... that being, that while this is their currency I don't feel they are the controlling element in deciding the timing for this being international. I believe you will see all the items come together at roughly the same time which of course will let everyone say "see, I told you so" but at that point most of us won't care of the other outcomes, IMO.
1-28-2013 Newshound Guru Mountainman [referencing video translation below] I especially liked this part... Mr. Turki also stated the Central Bank of Iraq is currently in the process of applying these steps to the restructuring of the currency. Perhaps Maliki dumped Shabs because Shabs was not moving on this... I don't know if Shab's will be back or not. I took note of the people in the audience at that meeting ...Japanese and others were present and this meeting was held in Bagdad.
1-28-2013 Newshound Guru Kaperoni #4 and #6 are very good and appears that Turki is moving forward to raise the value of the dinar. They use the magic word "soon" again. lol There is nothing in this translation that is "different" from what we already knew. Just that Turki himself spells it out for the attendees. Very good and positive. [post 3 of 3]
1-28-2013 Newshound Guru Kaperoni ["must be taken slowly and carefully" now thats a complete understatement.] that actually could imply a couple of different things. Either they are taking their time preparing/implimenting this event, or they could be talking about a method in which they raise the value (float). "Slowly and carefully" seems to say more towards a "managed float" than a "free float." but again, we will just have to wait and see what occurs. [post 2 of 3....stay tuned]
1-28-2013 Newshound Guru Kaperoni [referencing video translation in posts below] The 5%" - IMO they are talking about the distribution of the new lower denominations of currency in Iraq. He seems to say that the local currency traders will get this currency (about 5%) of what was printed. 10% will be held back for replacements, etc. and 85% will go to banks. [post 1 of 3....stay tuned]
1-28-2013 Newshound Guru Kaperoni I asked...in detail about the translation of this; "Does this mean 5% is going to other banks for distribution?" and he said no, he said, "Mr. Turki expressly stated that the five percent was going to be distributed to exchange houses so people may exchange the currency for the restructured currency". I also asked him... "Did Turki mention anything about deletion of the zeroes or printing new money?" He said no. [post 4 of 4]
1-28-2013 Newshound Guru Kaperoni 7) In conclusion, Mr. Turki said that 10% of the restructured currency will be retained by the CBI and 5% of the restructured currency will be distributed to exchange houses. It should be noted that Mr. Turki remained vague as to whether these changes would be put in place on a global scale, nor did he state that these changes effect only the Iraqi economy. At no time during this speech, did Mr. Turki mention nor name the process "deletion of the zeroes", nor did he state within this speech, that Iraq is in the process of replacing the currency. In relationship to the Iraqi economy or currency, Mr. Turki continued to refer to the application of wealth to the currency, as "restructuring" of the value of the IQD. [post 3 of 4....stay tuned]
1-28-2013 Newshound Guru Kaperoni 4) Mr. Turki said steps will be taken to "restructure" the Iraqi currency, which will be based on the country's resources, and the wealth of the resources will be reflected and applied to the value of the currency. 5) Mr. Turki stated that the measures taken to properly asing [asign?] or instill the correct value of the currency, must be taken slowly and carefully, and so they will be. 6) Mr. Turki also stated the Central Bank of Iraq is currently in the process of applying these steps to the restructuring of the currency. [post 2 of 4....stay tuned]
1-28-2013 Newshound Guru Kaperoni [translation via OutoftheWoods & Stryker] This video surfaced today...it directly pertains to the New Iraqi Dinar investment. Dr. Abdel Bassit Turki recently spoke at the Union of Arab banks conference January 12th, 2013..."Here is the translation sent to me from ReVbo. My Arabic translator reviewed this and said it was very good and accurate.": 1) Mr. Turki stated that Iraq has major resources; which, of course, oil is a part of, but there are also other major sources of wealth within Iraq. 2) Mr. Turki stated these resources will effect the Iraq economy strongly. 3) Mr. Turki went on to state Iraq soon plans on applying this wealth to back the currency of Iraq, for the benefit of the Iraqi peoples. [post 1 of 4....stay tuned] 1-27-2013 Newshound/Intel Guru Flashing i received a call that banks are on green light...codes were changed. it agreed with the information received on friday. the person who contacted me last week did it again...and told me that the 10 days will reflect the rate. if we consider for that count friday then the 10 days period expires tonight. however if it started on saturday then it will expire tommorow...in addition from netherlands a person told me this will occur tuesday or before at $3.6...ok again those are rumors and u should do ur homework and draw ur conclusions.
1-27-2013 Newshound Guru Doc We find it funny that now [that] it looks like he could be replaced, a lot of the things he opposed are moving forward like banking laws. Recall we have always been of the position the RV needs certain things in place for it to be a success and Maliki opposed these things because he does not support the RV due to ties with Iran. We are seeing what appears to be very good progress now that Parliament seems to be embolden and not fearful of him. We can only hope this continues. [post 2 of 2]
1-27-2013 Newshound Guru Doc We find it interesting the Maliki appears to be losing favor with the people. Lots of reports allude to this fact. It is also encouraging there appears to be enough votes to get him out of there. A recent NY Times article was quoted as saying Maliki has been consolidating power, imprisoning those that oppose him and endorsing relations with Iran ever since Obama pulled troops out. This is just another data point which supports our postulation that he has been the main obstacle to progress in Iraq. [post 1 of 2....stay tuned]
1-27-2013 Intel Guru TerryK im still hearing that, and this is from this past week, that we look very strong to tonight or monday...for the rv to pop... there are 30 baskets total...the first basket that will be released is ours...11 currencies...so with that our blessings are on the way.
1-27-2013 Intel Guru Frank26 WE HAVE A BUDGET...LOOKS LIKE WITH RATE. IRAQ NOW takes on NEW WORLD acquired debt. For a POWERFUL reason. 10 plus years they have asked others to pay their global bills. NOW They want to impress INVESTORS and show that THEY ALONE can pay their OWN world debt. How? By taking care of their CITIZENS via 2013 budget and INVESTORS. Look at what the CBI is doing with The World! Soon You will see more money, More accounts, More Stuff that will answer the qt - Where is the new rate? You are looking for an RV. Not I. I am Looking at it. I will not be surprised to see the 2013 budget released just a few days after the 5th of Feb. Without a rate. IMO, Rate will be amended closer to the last week of Feb.
1-27-2013 Newshound Guru Bondlady the people were supposed to get the 25% of oil profits at the end of 2012 but the fighting stopped the final reading of the hcl, so maliki had to file a law suit delaying the 25% to the people in 2012 because you cannot do it without the hcl, thats the profit sharein...it will invite the whole world into iraq to invest...pass it and all things move full speed ahead for everyone in iraq and the world. [post 3 of 3]
1-27-2013 Newshound Guru Bondlady now they have to choose 1 of the 3 agreements and pass the final vote for it and it'll be a huge historical thing too as its took them forever to do, article 140 falls right in here too and they have come to agreements on most of that just doing the finalizing of it all now and the same applies here too, imo, to the hcl, they will go together or shortly right after each other and it will have to be because its also part of the budget. [post 2 of 3....stay tuned]
1-27-2013 Newshound Guru Bondlady i think they may have had a secret agreement per the hcl and its just not voted or it's not announced yet. so, they have narrowed it down and they did read it once and it was passed for the final vote but the kurds blocked it saying thats not what they agreed on so it went back to be amended. kurds feel like they deserve more of the profits than anyone else does but that they have come to agreements. [post 1 of 3....stay tuned]
1-27-2013 Newshound Guru Doc The same article mentioned the "float" strategy. Our opinion continues as reported many months ago that the plan is to introduce the dinar at or below $1 and allow it to float up as the markets determine. It also appears there is a 2-3 year vision to work the dinar back up to the $3+ range as it once was before the gulf war. We believe this makes huge sense in that the value will increase as the infrastructure improves and more oil is actually produced. [post 2 of 2]
1-27-2013 Newshound Guru Doc There was tons of great articles and news releases from last week. Several came from the CBI which were very forthcoming. One specifically talked about linking the banks electronically to the internationally which we see as excellent progress. This obviously would facilitate trade with Iraq making financial transactions much simpler. Another article discussed monetary policy and specifically mentioned getting the dinar on par with the USD. While this is not new news it once again verifies our position that the $3+ initial rate rumors are simply not factual and certainly not supported by the body of evidence. [post 1 of 2....stay tuned]
1-27-2013 Intel Guru BWM [Will budget trigger rv as so many are saying?] my theory with the budget is sort of like the thought process with Chapter 7... many say you will see the budget announced and then an rv... my thought process is that we COULD see an RV before the budget but if we see a budget before we hear about an rv, if it wasn't almost simultaneous, it could be a bad thing for us...as you saw today the budget was postponed again...why? I still believe they are trying to put this through and if they were to put out all these things from Iraq they'd have no more excuses as to why we haven't seen it. 1-26-2013 Newshound/Intel Guru BGG Article: "Presidency of the parliament sets Tuesday of next week the date for the vote on the financial budget." This piece is so critical because they made some huge progress today…but did not complete the final 2013 budget. However, it is most interesting they are coming right back after it IMMEDIATELY. I’m very excited about everything that got done so far.
1-26-2013 Intel Guru Wife in the Know [new guru] I hope your spirits are flying high, as they should be, here's why. World wide investors are meeting in droves with different Iraqi agencies to finalize agreements that have been pending international banking regulations. Also, as you have been reading from certain posts (OCrush) many laws and events are lining up for the execution of currency revalue that we all have been waiting for. Yes, this is the very end of this journey. Be excited! Much of what you hear has been mis-representation of the truth, this is not. Rate will be $3.42 and rise over the course time. Budget approval along with the revealing of chapter 7 freedom, Hydro Carbon Law and other awaited events will be announced at the same time. We are expecting this within days of happening.
1-26-2013 Newshound/Intel Guru BGG Article: "Maliki calls for his successor to form a majority government" This is just Maliki making his big, grand, sweeping speeches with his back to the wall. His complaint that they are “going against the will of the people” is about the Parliament enacting the Term Limits Law – essentially taking him out of the running and not letting “the people” (HIS people) vote for him to have a 3rd (unconstitutional) term as PM. His whining about “his successor” is interesting – I do not believe he thinks he’ll be ousted. This is just more politics on his part. He’s just angling for the world to “accept” a Shia dictated regime unfettered. I think he’s dreaming – AGAIN!!
1-26-2013 Newshound Guru Med AN EGOMANIAC, I AM NOT SURE HE WILL EVER THINK HE DID WRONG TO MAKE A DEAL FROM WHAT I READ. NOW, WHAT THEY WERE BRINGING HIM INTO PARLIAMENT FOR IS CORRUPTION. HE THOUGHT ALSO HE COULD SWEEP THE RUSSIAN ARMS SCANDAL UNDER HIS RUG THAT NEVER WENT AWAY AND NOW THEY WANT THAT PROSECUTED. IT IS SAD ISNT IT THAT A MAN WHO CLAIMS ALL OF IRAQ LOVES HIM CANT WALK DOWN HIS OWN STREETS. [post 2 of 2]
1-26-2013 Newshound Guru Med I DIDNT PREDICT IT BUT I SAID THIS, IT WOULD BE THE STUPID MOVE FOR MALIKI TO KILL PROTESTERS ** IT ONLY TOOK THE DEATH OF ONE WASNT IT TO START THE REVOLUTIONARY WAR. I WILL BE TOTALLY HONEST HE PROBABLY HAS DONE ENOUGH BASED ON HIS STANDARDS TO BE HUNG, I CANT SEE ANY OTHER ENDING FOR HIM UNLESS THE NA BEGS FOR MERCY AND KICKS HIS *** OUT WHICH I SAW IN ONE OF THE ARTICLES. [post 1 of 2....stay tuned]
1-25-2013 Newshound/Intel Guru Flashing Kuwait asks UNSC to retain Iraq-Kuwait issue on its agenda for 2013...they need to handle missing persons and properties under the supervision of UNSC. this could be done under ch 6. [is this thing going down this weekend? Rv?] nobody is 100% sure, there are just good rumors out there which are on line with other positive things happening now. everything is great...we are in an excellent and historical moment so be happy.
1-25-2013 Intel Guru Bulldog75 Article: "CBI LAUNCHES ELECTRONIC NETWORK CONNECTIVITY; THE SINGLE WINDOW SYSTEM: APPEARS THE CBI IS IN THE WTO SINGLE WINDOW SYSTEM WHICH IS NECESSARY FOR TRADE FACILITATION!" IT NOW APPEARS THAT THE CBI IS AT THE FRONT DOOR OF ELECTRONIC LINKING OF DAILY INFO FOR THE AUCTIONING & TRADING OF FOREIGN CURRENCY BETWEEN BANKING INSTITUTIONS. THIS IS THE OPENING OF THE 'ELECTRONIC WINDOW SYSTEM' WHICH IS AN ABSOLUTE NECESSITY "TO TRADE INTERNATIONALLY". FOR A COUNTRY TO HAVE AN INTERNATIONAL RECOGNIZED TRADEABLE CURRENCY ONE HAS TO PARTICIPATE WITH THE WTO, IMF, BIS. IT APPEARS THIS EVENT IS TIMELY FUNCTIONING AND FULLY APPROVED BY THE PTB, POWERS THAT BE.
1-25-2013 Newshound Guru OCrush On the the flag and anthem side something is happening tomorrow. Rumor is there is some type of unified coordination to introduce them but we are not sure. Either way just the fact that it resurfaced just before the 2013 budget is implemented is a great sign! New Flag, New Anthem, New Dinars spells unity on all fronts for the iraqis. Something to celebrate, don't you think?!!
1-25-2013 Newshound Guru Kaperoni Article: "Central Bank launches electronic network connectivity information Auction" It seems to me, they may be making the CBI website "live" electronically which is a step in the right direction. But if it just related to auctions or not, we will have to wait and see.
1-25-2013 Newshound/Intel Guru Flashing Rumors confirmed by other sources about a possible rv tomorrow. Be happy, optimistic and prepared in terms of security and depends. lol Again, just rumors, but confirmed by other sources.
1-25-2013 Intel Guru BOBGETZ6 To me, it is just a matter of who holds the trigger. As winalot said, "they have to do it and now" The trigger person, IMO, is the key. It will be far less complicated than most imagine. It will just happen, or that is the way we think.
1-25-2013 Intel Guru Winalot Did you guys all get the importance of the CBI announcing electronic banking yesterday? Cbi announced, with the approval of the WTO, the opening of electronic banking. That is the "single window system". To participate in the window system, you HAVE to have an internationally recognized and tradeable currency. what do they need to have that? an rv. and it has to be PRIOR to opening and the window is open...as of yesterday. I think this is by far the most telling of anything so far. They have entered the International waters of banking and trade! i think it is a matter of when it shows up, could be any second, literally...Just my opinion.
1-25-2013 Intel Guru SteveI I did talk to a few of my contacts and I am being told that all is on track and going as planned. Yes there has been a delay on the final vote for the amended budget of 2013. I still believe by the end of this month for sure. If not, shortly thereafter, but I do not see it going very long into February. They are flat out of money and need the budget opened and implemented. I am still being told that they are out of Chapter VII and Iraq will make the announcement very soon. I do not think all of the laws and new transactions would be taking place if this was not a fact. I have read many great articles and it seem to be crunch time now to wrap things up and move forward. Many other forums are echoing the very same thing and they also feel by the 31st of this month.
1-25-2013 Newshound Guru Breitling Nothing but good news. All of the business articles coming out are saying the right things & they have the right motivation. They say they redeveloped the banking sector and the banks are saying we are going out globally, we are going to bring people in, wealth in. I can't wait for it to revalue, to start pipping up. I hope it does it soon and I think that it can do it soon. I have never been in anything like this that has been so black and white on the potential.
1-25-2013 Newshound Guru Med THE FIRST SIGNS THAT MALIKI HAS LOST A GRIP SHOWED UP TONIGHT. CAN ANYONE TELL ME WHAT HAPPENED TODAY THAT LAST YEAR WOULD NOT HAVE HAPPENED? [The ministers told Maliki to shove it] YES, EXACTLY AND HE WAS TOLD THAT NO ONE BUT PARLIAMENT CAN EXCUSE THEM BECAUSE THEY ARE ALL APPROVED BY PARLIAMENT. THE VOTE COUNT IS 40 VOTES SADRISTS, VONC [VOTE OF NO CONFIDENCE]; 20 VOTES ISLAMIC COUNSEL, VONC; 75 VOTES IRAQI LIST, VONC; 55 VOTES KURDISTAN ALLIANCE, VONC. THEY HAVE 190. ONLY 163 MEMBERS HAVE TO VOTE, VONC. THEY HAVE 27 VOTES OF WIGGLE ROOM. 1-24-2013 Intel Guru TerryK THIS VERY WELL MAY GO DOWN TONIGHT...ACCORDING TO SOURCE.
1-24-2013 Newshound/Intel Guru Flashing [so then we are a possible for tonite, tomorrow but you feel best chance is Saturday.] based on rumors saturday...saturday is a rumor brought to me by sources. imo it should be done on or before jan 31, but it is my opinion and i could be wrong...[Rate on IQD?] different rumors about iqd rate: some are saying dummy rate for some days, others still saying between 5 and 12. [flashing are you hearing anymore about VND?] sources still saying .27 to .57. people are asking for rumors and i brought them what i heard, however i posted above why i am excited and has nothing to do with rumors. So articles are great, rumors are great then i am very happy and excited too...we still on track. [post 3 of 3]
1-24-2013 Newshound/Intel Guru Flashing 7. iraq agreed on navigation at Khor Abdullah (preliminary agreement). 8. Deputy of Basra: Kuwait took over 11 oil fields and the Parliament confirms the countries approaching lay foundations. 9. Iraq has signed bilateral agreements with big countries such as U S A, China, Japan etc in order to improve their infrastructure, agriculture, economy , education etc. 10. Iraq expects an agricultural and industrial revolution during the 2013. 11. Greece reached a budget agreement during november. 12.Iraq has found more oil, gold and other significant assets during the last months. [post 2 of 3....stay tuned]
1-24-2013 Newshound/Intel Guru Flashing Among other things the [12] reasons why I am excited are: 1. iraq quadrupled During the last gold reserved months (August to October). it did not happened in previous years. 2. iraq to transfer from ch 7 to CH6. Not done in previous years. 3. High level coordinator post not renewed. 4. Kuwait Airways Settlement Ratified by Kuwait last tuesday. (not in previous years) it was one of the Most Significant Obligations under ch 7. 5. Significant Developments in banking systems. (CBI launches Auction. 6. iraq agreed with kuwait on borders. [post 1 of 3....stay tuned]
1-24-2013 Newshound Guru Tlar I believe they will go back to a managed float immediately following a significant raise in the value to 1 to 1. The CBI's posture then will become protectionary position for at least 12 - 24 months as suggested in the study. Protecting the new rate will be their primary goal. I think they will first "remove the zeros" then go to a managed float...The above assumes that Maliki is gone and governmental opposition to raising that value has evaporated. [post 3 of 3]
1-24-2013 Newshound Guru Tlar The point ...is that Shabibi felt the bank was ready to do a 1 to 1 exchange and release the "new" three language dinars as far back as July of last year and most likely he would have done it if not for the governmental obstacles. Assuming that is right, he next changed the plan to a float. We think he mainly did this because he felt it was his only option to get the process going. It was not because the CBI's assets had deteriorated or because of any fiscal reason other than the governmental strength pressuring him not to do it at all. [post 2 of 3....stay tuned]
1-24-2013 Newshound Guru Tlar Shabibi last July was still under the plan to bring the dinar up to 1 to 1. He set the start date as September 1st stating that he would release the smalls then. Because of all the flack he received he reset the date to January 1st with the smalls scheduled to be printed in Sept. He then announced the new smalls would be released in January. This to was met with resistance and flack from Maliki and company. [post 1 of 3....stay tuned]
1-24-2013 Newshound Guru Adam Montana [Does The CBI have to be Basel III Compliant in order to RV and if so, how will this affect us as far As the time frame. Will we be looking at the next quarter for an RV?] The answer is NO. Being "Basel iii" compliant isn't like being pregnant, where you either are or you aren't. (You can't be "sort of" pregnant!) Even the US is not 100% "compliant"...however, the MORE "compliant" they are, the better their chance for a HIGH rate.
1-24-2013 Intel Guru TerryK [Are you still hearing $13.18 and $ 12.86??] YES, AMONG OTHER THINGS, 4.35, 6.18. IT’S ALL OVER THE PLACE. [any thing on the vnd? ist still looking like .478] I’M HEARING IT’S STILL .478.
1-24-2013 Intel/Newshound Guru Poppy3 Article: "The Central Bank called network connectivity for auction information Posted on Thursday 24 January 2013...Baghdad/Obelisk said the Iraqi Central Bank, Thursday, on the implementation of electronic connectivity steps to daily foreign currency auction information between the Bank and the Ministry of finance and the General Commission for taxes." Now we know the real reason the IMF & UST people were at the CBI from last Thursday ‘till now and will monitor the transfer to world electronic transfers beginning today.
1-24-2012 Newshound Guru Kaperoni the dinar will eventually be worth more than the dollar, but it will take time as the dinar rises eventually surpassing the dollar.
1-24-2013 Intel Guru Winalot Article: "CBI announced, Thursday, on the implementation of the steps the electronic linking of information daily auction of foreign currency between institutions Bank and the Ministry of Finance and the General Authority for taxes." ya all know what that means? means the opening of the electronic window system.. thru the WTO. Single window system...to open the single window system... [ Is this something showing the RV is about ready to "pop"] it would have had to already popped.
1-24-2013 Intel/Newshound Guru Poppy3 Iraq news reporting that...the erbil 140 and court laws will be voted on saturday will reviel a lot for us. The budget and rate being rumored to be included and this has been suspected by many researchers for a while now that all will be completed in the same DAY... If these pass it opens the door for fast movement toward the rv and many good things for the iraq people.
1-24-2013 Newshound Guru Adam Montana [are they (IRAQ Leaders) doing this on purpose to drag out the RV as long as possible?] I wouldn't say they are doing it on purpose to "drag the RV out", but you are correct that they are doing it on purpose. If they jump the gun and pop something like this before EVERYTHING is ready...before ALL of the ducks are lined up...before EACH and EVERY T and I are crossed and dotted...it will be a disaster. What would you prefer? A disaster where you "almost" made money but the value crashed again, or a prolonged wait until you can REALLY cash in on a stable(ish) currency? I know which one I prefer. Smart money is patient.
1-24-2013 Intel Guru BOBGETZ6 [any news from frozen man besides the cold weather] The news stream is bone dry. Feels as if everything is ready and the someone, whomever that is, need to pull the darned trigger.
1-24-2013 Newshound Guru SWFloridaGuy I want to make it clear that this next portion is strictly just my opinion after having researched this extensively over the past couple of years. I believe that it would advantageous for Iraq to have a more valuable currency at this time if they are truly serious about moving forward with a national economic reform and recovery (like they are claiming) while also extinguishing debt without creating inflation. Barring further legislative changes and assuming they stick to the currency reform plan, I see things progressing relatively quickly and a good first step would be to pass these reforms over the next week. This would also be a great opportunity for Iraqi leaders looking to consolidate support for upcoming elections. Should be very interesting . [post 3 of 3]
1-24-2013 Newshound Guru SWFloridaGuy This is the budget proposal that Maliki initially opposed when he pushed for the introduction of the new infrastructure bill but it now appears that within the next few days that Iraq will approve their most prodigious budget ever. Now keep in mind, this is also why we are seeing concerns being raised over how they will be able to operate under the burden of a large amount of newly acquired debt. But it appears that the CBI has a plan to not only address this but also previous accounts held as well, which to me is extremely encouraging if true. [post 2 of 3....stay tuned]
1-24-2013 Newshound Guru SWFloridaGuy This Saturday could be a huge day for Iraq's Finance Committee/CBI/GOI/CoR. Today a committee member said that they are going to approve the budget in the next week and that they had agreed to extinguish the debt of the final accounts for the previous years between the CBI & Finance Ministry. Although there is no direct correlation to a new, revalued IQD rate referenced anywhere in budget numbers, we do believe that there will be a provision made for it. [post 1 of 3....stay tuned]
1-24-2013 Intel Guru TerryK A bit of news. Just got a call from sources...IMF has been put on alert...a large amount of currency have gone into the UST... may support the liquidity of the RV... looking really well, looking good.
1-24-2013 Newshound/Intel Guru Flashing we r in an excellent and historical moment...rumors, the last one is that we will see it on saturday, again just rumors. with respect to the rates they are saying there is a high likelihood of a dummy rate, so be careful because the real rate as per these people will be over $5, again those are rumors. On the other hand, imo, Iraq will be trasferred from ch 7 to ch 6 during this month as stated in the past by several articles. what they reached yesterday was a monumental step on this ride. [do you feel were at the end...I mean very, very end?] imo, yes. just think about it. why the UN has not named a high level coordinator to monitor ch 7 as they did in the past? there is nobody holding the rv. it is not true. they are just waiting for some protocols and this is it...we are in an excellent position. 1-23-2013 Newshound Guru Tlar Article - "A new law raises the country's customs revenues" My aren't we getting bold. Looks like the opposition is now incharge and everything that Maliki has stood agianst might finally get done.
1-23-2013 Newshound Guru Adam Montana [Some thought it was good that Maliki was in charge...now he might be MIA...who do we want to take his place if he is deserting his position?] We all saw how fast and far Shabibi was taken from the scene when they felt it was time to do so...I am by no means a "Conspiracy Nut", but I am a realist - Maliki is important to us, but at the end of the day he is not the only one pulling strings there and he can be replaced. I do not worry about him being replaced, because the "powers that be" will be sure to replace him with someone who will also pursue the same agenda.
1-23-2013 Newshound/Intel Guru BGG Article: "Vice President Khudair Khuzaie looking with the Emir of Kuwait, file out of Iraq from Chapter VII." This doesn’t mean they ARE out of Ch7 – it means they are looking for ways to help Iraq get there…(kind of) but while Maliki is in control – it is unlikely Kuwait will fold. In fact, I’m sure they see him as a threat in the long run.
1-23-2013 Newshound/Intel Guru Flashing Article: "Deputy President of the Republic Khudair Khuzaie, Monday, on the need to exit Iraq from Chapter VII imposed since 1991" So again, based on rumors and the above article we are very close to a happy ending of this journey. Stay positive and keep the faith.
1-23-2013 Intel/Newshound Guru Poppy3 THERE ARE MEETING BEING CONDUCTED TODAY [TUESDAY] THAT COULD RENDER SOME GOOD NEWS. WE HAVE TO LET THESE MEETINGS PLAY OUT AND SEE IF THEY MAINTAIN THEIR DETERMINATION TO REMOVE MALIKI AND MOVE THEIR COUNTRY FORWARD. LOTS OF THINGS SOUNDING AND LOOKING VERY POSITIVE BUT LETS STAY GROUNDED AND GET THE INFORMATION DEFINED AS PROBABLE NOT JUST POSSIBLE.
1-23-2013 Newshound Guru Tlar Article - "Liberal block: in the event of failure to attend al-Maliki for questioning would give for a week and then vote on his dismissal" Parliament has these clowns on the run. They have 190 committed MPs ready to vote no confidence. We can thank Sadr for that. Having said that their will be no vote. Maliki will resign.
1-23-2013 Intel Guru Angelquest I AM STILL LOOKING ANY MINUTE. WE HAVE ALL BEEN HERE BEFORE ...STAY GROUNDED AND BELIEVE IT WILL END SOON.
1-23-2013 Newshound Guru Adam Montana It looks like things are starting to pick up pace again...FINALLY! In my opinion, we had a couple of super slow and stagnant weeks...actually now that I think about it, it's been a good 6 or 7 weeks since anything significant was looming. Now that we're seeing significant dates roll around (budgetary-governmental-etc), the US is done making big decisions (presidential)...well, buzz is building again and I really expect to see some bigger news in the near future.
1-23-2013 Newshound Guru Kaperoni Article - "Monetary policy and its consequences on the Iraqi dinar " Quote: "...monetary policy assumes Iraqi currency float...according to these huge funds are supposed to enjoy the Iraqi dinar a significant competitive capabilities in the foreign exchange market and cash worth more than the value of the dollar...as a result of rising prices and the dollarization of the economy" IMO, not listening to Shabibi, the economy and monetary policy is starting to fall apart. This article implies Iraq is beginning to see inflation creep back in. Which is bad news for us. If they don’t get this moving soon, it could be a real problem.
1-23-2013 Intel Guru TerryK SOURCE IN JORDAN IS ALL PUMPED UP. HE IS TELLING ME THAT THERE IS A LARGE AGREEMENT THAT WAS SIGNED TODAY TO OPEN TRADE BETWEEN JORDAN AND IRAQ. IRAQ TO SHELL OUT MILLIONS IN DINAR. NOW, IF IT WERE NOT GOING TO BE WORTH ANYTHING, IT WOULD BE MORE LIKE TRILLIONS OF DINAR, NOT MILLIONS. WHAT DOES THAT SAY?
1-23-2013 Newshound Guru Med RIGHT NOW THERE ARE 190 SEATS FOR HIM TO BE REMOVED. THE SOL HAS THROUGH AN ANONYMOUS MEMBER TOLD THE MEDIA THEY KNOW THE TALLY: 40 SEATS/VOTES FROM THE SADRISTS, 20 SEATS/VOTES FROM THE ISLAMIC COUNSEL, 75 SEATS/VOTES FROM THE IRAQI LIST AND 55 SEATS/VOTES FROM THE KURDISTAN ALLIANCE, FOR 190. THEY ONLY NEED 163 TO REMOVE THE PM. IT IS ALMOST A SLAM DUNK NOW THAT HE IS GONNA GO. THIS PROCESS DOES NOT TAKE LONG, IT IS ONLY A MATTER OF DAYS. [post 2 of 2]
1-23-2013 Newshound Guru Med IN ORDER TO REMOVE MALIKI THEY ARE FIRST GIVING HIM A CHANCE TO EXPLAIN THROUGH QUESTIONING THE REASONS FOR HIS ACTIONS AS PM. WHAT HE DID WITH LETS SAY FUNDS WHY HE REALLY WENT AFTER ISSAWI AND HASHEMI AND LETS SAY SHABIBI. IF HE DOESNT SHOW UP THEN THOSE WHO WOULD HAVE ASKED THE ?S STILL MUST ASK THEM IN ABSENTIA. WHEN THEY ARE DONE ASKING WHICH USUALLY TAKES A DAY OR TWO THEN THEY VOTE WHETHER THEY SHOULD GET THE BOOT. [post 1 of 2....stay tuned]
1-23-2013 Intel Guru Footforward The RV can happen at any time. The intel is there, everything is there for an RV to happen. There is no fact about an RV happening during the beginning of a quarter. There is no truth to that. Talabani was in Germany to get treatment for his back. He is now back in Iraq and will be going back and forth for treatment. Maliki will be there until the RV happens and then he will be gone. Iraq is already in possession of enough natural resources to justify having the highest currency in the world. They could have a currency valued at $14 if they chose, based on information from several year ago. If they knew the RV was going to be long term they would have renewed the Standby Agreement like they have several other times and they haven't. It really can go at any time.
1-23-2013 Intel Guru TerryK THEY ARE TELLING ME THAT WE ARE LOOKING STRONG. THE BAD MEN ARE TRYING TO STOP THIS BUT ALL IS AT HAND. FEELS LIKE CODE TO ME. SOURCE JUST CALLED AND ALOT GOING ON, ALL POSITIVE.
1-22-2013 Newshound/Intel Guru Flashing well today they closed a major issue of ch 7 and as i said this morning assuming they have valid agreements on borders and on navigation at khor Abdullah, i think we are very close to the transfer...So if they are valid we r on an any minute alert...sources said anytime now. [do you look at the rv as iraq only or a world event about to occurr?] it is not iraq decision, but their performance is crucial. [are you seeing any comments from China on this issue or status of VND?] what i heard is that they are ready and the rate is within my range .27 to .57...everything is fantastic, imo.
1-22-2013 Intel Guru Bluwolf You know it is funny, one would think that those that have tried to delay this blessing would of given up by now, but they did not, not until today...the fact is that the foot came down on them...Now there is information these last couple of days about steady place holders on some financial sites, being steady says a lot watch them carefully for if they maintain a steady pace a actual rate may pop up at any moment. I for one am looking forward to seeing the end if this journey finally.
1-22-2013 Intel Guru SteveI [IT SEEMS TO ME THAT MOST OF THESE ARTICLES SPEAKS AS IF IRAQ IS OUT OF CHAPTER 7] They are, and Iraq will announce it in the very near future. [why would they hold off on the announcement?] That would be a good question to ask them, however, that makes perfect sense to roll out a huge news release that will incorporate many things not just one thing. This is very well timed and thought out. I truly believe they are doing this properly and this is the only way to manage such huge news...they best have their act together and all laws necessary when they do.
1-22-2013 Newshound Guru Tlar Article: "The Importance of Iraq By Hazem Saghieh" The Maliki days are over. It is just a matter of time before it is announced. Even the SOL has given up because the numbers don't lie. There are now 190 MP's ready to vote no-confidence. Finally justice comes to Iraq. Most of the leaders of the SOL will have charges of corruption filled against them. Most will leave before this happens marginalizing their party. Maliki will never answer to parliament he will resign before then. Don't look for a vote of no confidence. It won't happen.
1-22-2013 Intel Guru TerryK WE ARE TO SEE THIS WITHIN 24 HOURS IS THE NEWS I GOT AT 10 AM. NOW I THINK THERE IS A DIFFERENCE FROM SEEING AND EXCHANGING. I WILL SAY THIS A FRIEND OF MINE IS SELLING 25 MIL DINAR. I HAD TO CONVINCE HIM NOT TO SO IF I FEEL THAT STRONG ABOUT IT IT MUST HAVE LEGS.
1-22-2013 Intel Guru Bulldog75 STAY ON GUARD AND KNOW THAT A PENDING AND PROBABLE "CE" [CURRENCY EXCHANGE] IS MOST NEAR. THE MONEY DYNAMICS AND POWER STRUCTURE OF THE WORLD COULD CHANGE DRAMATICALLY WITHIN DAYS, FROM THE HAGUE NETHERLANDS TO 1600. WE ARE AT AN EMINENT, INTENSE, MAJOR ECONOMICAL POWER PLAY AND GEOPOLITICAL CHANGE IN THE WORLD. STAY ALERT.
1-22-2013 Newshound Guru Mountainman Last year there were 3 instances we saw early 2013 (January) as a possible date for the CBI to make their move introducing the new currency. Let's pray that Turki was installed to implement that plan on schedule and there are no more delays. I think this may finally be "our time" and Iraq's.
1-22-2013 Intel Guru Blaino [what rate was it trading?] the numbers were way too LOW. So methinks it was planned that WAY... Lil under a buck or SO...So, mebby there was a lil 'deal' made while the nations watched the 'innagural' pomp and...circumstance! as you may KNOW We have NEVER...Not EVER...Been wrong on a "pass" to DATE...i'll share more as it comes IN...And will advise if there is any changes, cancellations or extensions to the pass we are currently UNDER. we just heard "stuff" about a $1.11 rate in COUNTRY...AGAIN. [post 2 of 2]
1-22-2013 Intel Guru Blaino several foreign currency exchanges and the like were trading the iqd saturday and SUNDAY...Several were preparing to board planes for the sandbox, but ALAS...Trading suspended this morning (THERE)...HOWEVER, what was the purpose? Was this an opportunity for those in the "cat bird seat" to turn a few 'bucks' (sheckles, ruppies, pounds etc) for use in their endeavors to stay ahead of the great unwashed masses? (that's us, you and i) This was confirmed by several of our top resources... [post 1 of 2....stay tuned]
1-22-2013 Newshound Guru Tlar Article - "Maliki thinks "Yemeni model" to avoid being sacked" This is a last ditch effort by Maliki. Every corrupt leader tries to leave behind a clone to protect his arss. Here Maliki says put Sharastani in and grant me amnesty for my crimes. Won't happen. This continues to show the writing on the wall. 6 more days. I would like to say bye Maliki and son but the country of Iraq will bring them back for prosecution.
1-22-2013 Intel Guru Okie_Oil_Man NO ONE KNOW'S THE DATE OR RATE BUT IT APPEAR'S LIKE THEY’RE FINALLY BEGINNING TO COME TOGETHER IN AGREEMENT. THIS IS A VERY COMPLEX AND INVOLVED PLAN THAT ENCOMPASS MANY COUNTRIES THAT HAS TO BE IN AGREEMENT TO MAKE ALL THE JIG SAW PIECES FIT TOGETHER TO FORMULATE A COMPOSITE PICTURE. LET'S PRAY FOR ACTIVITY FROM ALL THE DIFFERENT ENTITIES TO FINALIZE OUR GOAL'S AND PRAYER'S. [post 2 of 2]
1-22-2013 Intel Guru Okie_Oil_Man FROM ALL INDICATION'S THIS SHOULD BE A VERY INTERESTING WEEK. THERE APPEAR'S TO BE A LOT OF INTEL FROM DIFFERENT SOURCES ALL BEGINNING TO ALIGN WITH EACH OTHER WHERE IN THE PAST THERE WERE DIFFERENCES IN THE STORY'S BEING CIRCULATED. [post 1 of 2....stay tuned]
1-22-2013 Newshound/Intel Guru Flashing The issues delaying the budget have nothing to do with the rv. They are related to the Allocation of money to the different provinces and to the different concepts included on the budget. However ch 7 obligations are essentials in order to have this rv. Please remember that the devaluation of the dinar was one of the sanctions imposed under ch 7. In order to lift sanctions imposed under ch 7 Kuwait (who is the injured party) as well as the UN must approve them. As i always have said there is a direct relationship between ch 7 and rv. The delay was mainly due to the fact that some of the major issues were outstanding. So imo again we are in excellent position to see this rv anytime now during this month. [post 2 of 2]
1-22-2013 Newshound/Intel Guru Flashing Everything is excellent and today is an historic day since finally the Kuwait Parliament approved the Kuwait Airways agreement among other things. As you know this agreement was not valid until The Kuwait Parliament approved it. Today they did. This was one of the major obligations of Iraq under ch 7. The RV was not possible without a valid agreement on that issue as well as the other relevant outstanding issues. The rv is not dependable on the budget. So the budget is not the driver of the rv. Remember that you can have an rv and later approve the budget. [post 1 of 2....stay tuned]
1-22-2013 Newshound Guru Kaperoni It's pretty much the entire plan laid out. I will just add, IMO, the float must start ASAP...they are following the National Development Plan 2010-2014. Remember what the World Bank said would occur in 2014? Iraq would be a "donor" state. Therefore, the dinar must have value, and the deletion process must be done before then. There also have been articles that say that they will delete the zeros in 2014 which means the the value will be 1 to 1 or higher by then and the transition will be complete. [post 2 of 2]
1-22-2013 Newshound Guru Kaperoni CBI Study: "CBI: CBI study entitled: Central Bank of Iraq and the evolution of monetary policy" Looks like these were from the UAB Jan 11-12 CONFERENCE BAGHDAD just last week. Quote: "Achieve stability in the exchange rate of the Iraqi dinar in the context of a flexible exchange rate system orbit." That means free float! Google it! And this great quote: "the issuance of currency - moving towards maturation of the project to delete three zeros from the Iraqi dinar, any so-called reform of the currency management system (Rebasing)." So as the dinar goes up in value, they will issue new smaller notes - as they say..."moving towards maturation of the project to delete three zeros from the Iraqi dinar" In other words, as the rate rise, the zeros will come off dinar automatically. That is a RV (float) over time. [post 1 of 2....stay tuned]
1-22-2013 Newshound Guru Med IT APPEARS THAT THE FIRST REAL PROOF OF DEMOCRACY MAY BE HAPPENING TODAY IF THEY SUCCEED IN REMOVING THE MINISTRY OFFICIAL TODAY THEN THEY PAVE THE WAY FOR MALIKI. AFTER THEY INTERROGATE [MALIKI] WHETHER HE COMES OR NOT, IT IS AFTER THAT INTERROGATION THEY CAN DO A VONC [VOTE OF NO CONFIDENCE]. [but what about Shabibi, he wont release him from the warrants do you think?] IF MALIKI IS BOOTED AND I AM PRETTY SURE HE WILL BE, ALL THAT WILL DISAPPEAR.
1-22-2013 Intel Guru Ocrush It seems we are still on track. The budget will be ratified and will wait till the last minute to release it. Early next week they should vote and amend the banking law. Specifically Article 28 to allow the private banks to participate internationally. We should see articles on this shortly. Also watch for the new flag and anthem to be published in the gazette. So far no hiccups, all is good.
1-22-2013 Newshound Guru Tlar Most accounting systems are done on a comparative basis. You are comparing month to month, quarter to quarter and year to year. If you have one period ending in lets say a number under the old system and the next quarter ending in the new system, it is relatively easy to convert the two end results for direct comparison. It's just easier. Thats why Shabibi insisted on starting on a new accounting period. He wanted first to start on Sept 1st, the last quarter of last year and then his next try was on January 1st the first quarter of this year. [post 3 of 3]
1-22-2013 Newshound Guru Tlar The bank is ready as they have announced. If they intend to hold fast to starting at a new accounting period, April 1st is the next new accounting period. I know I'm going against the grain but I truly believe this will no longer be a float. I believe we are looking at a straight RV. I don't believe there is enough dinar in Iraq to float. The IMF has been baby sitting/protecting the CBI during this period. I believe the number will be 1 to 1 either April 1st or July 1st. My money is on April. [post 2 of 3....stay tuned]
1-22-2013 Newshound Guru Tlar Maliki has been the major obstacle to economic reform in Iraq. With him gone things should immediately start to happen economically. This time Iraq will follow the advice of the IMF and the international community. Turki has spoken in the past of support for the removal of the zeros. He has held steadfast in following Shabibi's lead in buying as many dinars as quickly as possible. [post 1 of 3....stay tuned]
1-21-2013 Intel Guru SteveI [Can you guys think of anything that can stop the good progress we hear coming from Iraq and your contacts?] I truly cannot see anything stopping it now. They will be adding the surplus from 2012 to the 2013 and when that is approved, it should be a done deal.
1-21-2013 Newshound/Intel Guru BGG Article: "Parliament to vote on Federal Court law next Tuesday session" This is the biggest news of the day – if they get this handled tomorrow. It will signal us being much closer than we ever have been before!!
1-21-2013 Newshound Guru Med TODAY: #1 SALEH HAS BEEN RELEASED. #2 THE BANKS WITHIN IRAQ WANT TO GO GLOBAL. #3 THEY HAVE ANNOUNCED THAT THEY HAVE NOW SECURED 190 VOTES TO KICK MALIKI OUT AND THEY LISTED THEM...40 SADRISTS, 20 ISLAMIC COUNSEL, 75 IRAQI LIST, 55 KURDISTAN ALLIANCE AND THE SOL HAS RECOGNIZED THAT THE NUMBERS ARE CORRECT. THEY SAID IT IS INEVITABLE...HE WILL GET THE BOOT. BUT OUT OF ALL THAT, THAT NEWS IS JUST GREAT.
1-21-2013 Intel Guru TerryK WE SHALL SEE WHAT THIS WEEK BRINGS - I HAVE NOT LOST ANY FAITH, WHAT I’M HEARING IS WE ARE STILL ON TRACK AND ALOT OF EXCITEMENT FROM SOURCES – IT’S A GOOD TIME.
1-21-2013 Intel Guru Bulldog75 [how will the oil discovery in Iraq affect the value of the dinar...would this additional oil discovery increase the Value of our dinar??] THERE ARE RUMORS GALORE ABOUT MUCH AND NOTHING CONCRETE TO HANG OUR HAT ON; WITH THE EXCEPTION OF DATA THAT WE KNOW TO EXIST. IT STABILIZES THE IQD EVEN MORE. IN ALL PROBABILITY WE SHOULD EVENTUALLY SEE A RATE NEAR TO THAT OF KUWAIT. IT SIMPLY MAKES SENSE...IT HAS TO BE RECOGNIZED VERY SHORTLY. I CANNOT SEE THIS EVENT GOING INTO FEB FOR MANY REASONS. [post 2 of 2]
1-21-2013 Intel Guru Bulldog75 Article quote: "Iraq said on Sunday it has discovered deposits of crude equivalent to one billion barrels of oil after the first exploration work by state-owned firms in almost 30 years." Iraq Discovered Another Billion Barrels Of Oil It Had No Idea Existed. [post 1 of 2...stay tuned]
1-21-2013 Newshound/Intel Guru BGG I had a great conversation with a friend (fairly connected) the other day – he is fairly sure there was a directive issued to Maliki to get this done by last Wed for Thursday – however, Maliki being Maliki did what he does and kept on with his agreeing – but never doing what he is supposed to…and then all heck breaks loose on Thursday. I have a suspicion (and that is all it is) – there was such a deal in place but true to form Maliki used it as one more delay tactic with no intention of following through. The good thing – they are moving on him very, very quickly. I’m sure they knew this could be a possibility. Maliki is plainly on his way out. I don’t think they can salvage his political image – even if they had a legitimate “quickie deal” in place...he’s damaged goods.
1-21-2013 Intel Guru Frank26 You look for a date and rate. I do not. We look for events that open doors to the RV. #1.) When You see precious metals align themselves worldwide...This is a pre-curser to a global currency re-set. #2.) IMO, For the first time in Iraq history the DIFFERENT Families, Religions, Sects, Politicians, Holy Leaders...are all UNITED AS ONE AGAINST M. Trust me, This bonding is unprecedented! It is rare and unparalleled in their attitude with each other over 2000 years. It is Powerful, Unique, Extraordinary, Exceptional, If not Novel !!! This is a Beautiful and Large Door For the RV. [post 2 of 2]
1-21-2013 Intel Guru Frank26 2013 Budget - I seek a rate inside that would add value to the IQD. This is THEIR PLAN. Our UST is with them in Iraq watching every step. "IF" You, I, Or THE CITIZENS do NOT SEE this new rate in the 2013 Budget then get ready, not for the RV BUT TO WATCH THE CITIZENS TEAR THE COUNTRY APART!!! Starting with M [Maliki]! You must ask Yourself - Are the coordinates of our investment hitting the target on the 21st of Jan 2013? Today? IMO, YES!!! [post 1 of 2....stay tuned]
1-21-2013 Newshound Guru Doc All-in-all this is extremely positive news. We can not imagine the EU would have taken this step without some pretty good assurance that Iraq will prevail. The question continues to be when. Unfortunately the body of evidence does not support the at any second philosophy. However, we would think this recent development with the EU should speed things up. It is hard for us to imagine Iraq not taking advantage of this and all the other opportunities the international community are offering as fast as they can. We report, you decide. [post 4 of 4]
1-21-2013 Newshound Guru Doc When asked about the status of democracy in Iraq Mr Mauro responded "People are concerned about the future and not thinking so much about the war. But Iraq is a country where exceptional interests come into play. We have to remember that Saudi Arabia, Iran and probably Turkey are interested in destabilizing the country. So we need to stay near our Iraqi friends and foster dialogue in the country". Recall we have continually reported that countries like Iran and Syria do not want currency reform in Iraq. This also confirms to us that Maliki has been the main block to currency reform due to his ties with Iran. The situation with the EU also suggests to us Maliki's hold on Iraq is now numbered. We speculate again that we will either see Maliki suddenly cooperating toward democracy and suddenly disappearing from the political scene. In either case we view this as extremely positive. [post 3 of 4....stay tuned]
1-21-2013 Intel Guru Winalot well, that paper STILL has that rate typo...4th day in a row! [i c ur arab news find is still current..no typo there] i know...4 days now. [reference Winalot's post from 1-18-13....see in Dinar Guru Archive]
1-21-2013 Newshound Guru Doc Mr. Mauro continues to say "Clearly, Iraq is in trouble and the transition is far from finished. At this time we have to create concrete opportunities for their economy and society. Our intention is to strengthen the country’s economic infrastructure and to guarantee development and peace". it most clearly shows the EU is now intimately involved with the success of Iraq. This coupled with the USA should provide an incredible incentive for Iraq to return to the international stage as fast as they can. We also continue to contend for the transition to be complete enough for currency reform includes a power sharing stable GOI and the HCL done. We also think the international community is looking for the Kuwait situation to be resolved so chapter 7 can be lifted. [post 2 of 4....stay tuned]
1-21-2013 Newshound Guru Doc ...some exciting news. No it is not the RV but its definitely good news toward that end. Based on published articles both inside and outside Iraq the European Union parliament has ratified an agreement between the EU and Iraq. The Italian MEP Mario Mauro was quoted as saying "Iraq can enjoy new economic opportunities and receive a boost to its efforts to promote democracy and human rights in the country thanks to its first-ever framework agreement with the EU". This suggest Iraq will become a major trading partner with the EU. Our view from them to do so is to move toward a true democracy and most definitely an international recognized tradable currency. [post 1 of 4....stay tuned]
1-21-2013 Intel Guru TerryK I HAVE A LITTLE NEWS YOU MAY WANT...IRAQ HAS JUST BEEN ACCEPTED ON THE EU TODAY...!!! PEEPS IF THIS IS TRUE, IT IS HUGE...IT'S MORE A AN AGREEMENT TO BE A ASSOICATE OF THE EU IS MY UNDERSTANDING, TO BE ABLE TO TRADE
1-21-2013 Newshound Guru Tlar Documents were released proving that Maliki, his son and his party are corrupt. today, we see from all sectors of Iraq, they are screaming for Maliki's removal...all of his staff left for a supposed soccer game taking with them the families. IMO they won't return. This IMO should be over sometime next week. We will hear Maliki has resigned and has left the country. [part 2 of 2]
1-21-2013 Newshound Guru Tlar Report: "EP report on Iraq: Al-Maliki may either give in to protestors demand or resign NCRI – Mr. Struan Stevenson, the president of the European Parliament Delegation for Relations with Iraq published a report on the political crisis and civil uprisings happening in that country." IMHO the actual report made for the EU Parliament portrays exactly what we...have been witnessing day by day. It is IMHO that the US made the strategic decision to remove Maliki from within by giving not just their approval to do so but they also provided the tools to do this. [post 1 of 2....stay tuned]
1-21-2013 Intel Guru TerryK now, we are to see the rate tue night ...when all the banks align. now i just got another call that this is going to show tomorrow...so im getting alot of conflicting stuff. so in a recap, we see a rate, its posted on a few sites and a news paper, we see some economic agreements coming into play...we know we are part of that plan, we know that the economic recovery plan has to happen...I'm looking for this between Tuesday at 12am EST, when bank reconciliation occurs, or at 9am EST Tuesday when currency values at the banks around the world update. we know we are in a great place...this week should be what i was told wonderful for all. [post 2 of 2]
1-21-2013 Intel Guru TerryK right now it looks like we have a rv in iraq that is not official with the cbi... but it is showing in many locations currently within the governments...at a low low rate, like 1.19 usd...now the 1.19 is a rate we thought we would see, .90 is what is posted, with that said treat as rumor...but if it is true at 1.19 you will see it free float, fast, there is not cap of 20%, the only agreement is that iraq will not exceed or be less than .50 than kuwait...part of chapter 7 agreement...that does not mean kuwait will not rv its currency hint, hint. IQD has been trading (currency swaps) since Dec 14 or 15th. [post 1 of 2....stay tuned]
1-21-2013 Newshound Guru Med OK IT IS ONE WEEK NOW AND NO PERSONAL SIGHTINGS OF MALIKI. SEEMS EVERYTHING IS FROM A SPOKESMAN OF THE SOL. YOU SEE THE GUY EVERY SINGLE DAY IN THE NEWS. NEVER HAS HE HAD BEEN CAMERA SHY...SOMETHING ISNT RIGHT, PEOPLE TAKING FAMILIES OUT OF IRAQ AND NOW IT APPEARS ISSUES ABOUT CORRUPTION. APPARENTLY THROUGH A MEDIATOR, SINCE NO ONE HAS SEEN HIM NOR HAS HE PERSONALLY MADE A COMMENT, NOW SAY HE IS READY TO ANSWER BUT THAT THE PROBLEMS ARENT HIS FAULT. [when is he suppose to show up for questioning?] I REALLY DONT KNOW THE EXACT DATE. I NEVER PAID ATTENTION BECAUSE I NEW HE WOULD NEVER SHOW UP. 1-20-2013 Newshound/Intel Guru Flashing let me explain this, a lot of people have been saying ch 7 is done since december and it is not true. iraq and kuwait reached agreements but those agreements are not valid until Kuwait parliament ratifies them. So they are supposed to approve them this week and therefore after that the transfer from ch 7 to ch 6 will be possible as well as the rv. [do you feel confident that this is our week?] yes i am very confident...if kuwait parliament ratifies the agreements i expect rv and transfer from ch 7 to ch 6 tuesday or right after.
1-20-2013 Intel Guru TerryK A POTENTIAL RV TUE NIGHT WHEN THE BANKS UPDATE...NOW IF THIS DOES NOT HAPPEN I DONT KNOW WHATS NEXT.
1-20-2013 Newshound Guru Kaperoni [via Sequoia] A very excited Kaperoni...discussed at length the significance of the European Union Parliament's radification of Iraq acceptance into the European Union. Iraq applied for acceptance in May and was approved this past Wednesday 1/17/13. This process will push Iraq into strengthening their economy and to adjust their currency value. This will allow Iraq to more easily be accepted into the WTO. Whether Maliki is in office or not, this step pushes Iraq forward economically as they must commit to abide by the EUC's policies. Radification of Iraq into the EUC means we are much closer to the rise in value of the dinar.
1-20-2013 Newshound/Intel Guru Flashing we still on an anytime situation. there are different rumors about rate and dates. But all of them in term of dates are short term....there is a very relevant meeting schedule for Tuesday...the meeting is out of Iraq. No Iraq people involved…very relevant for our purposes. trust me we are right on track. everything still running well and i have said you previously this is a matter of protocols. it could happen anytime now but tuesday meeting is relevant.
1-20-2013 Intel Guru TerryK ITS ALL GOOD WE WILL SEE OUR BLESSING ONE WAY OR ANOTHER...THIS WEEK THE RV/RESET IS STILL SCHEDULED FOR THIS WEEK. WHAT I HAVE BEEN TOLD THAT THE UST AND IMF ARE ON NOTICE TO GO INTO LOCKDOWN THAT ORDER HAS NOT HAPPENED YET.
1-20-2013 Intel Guru Gankans I found out some new info today I can't repeat a lot of it, but it was all very very good! The pieces are in place and the timeline is exactly where it's supposed to be. We are right on track for our RV this year! The end of this month we will see a lot of changes. Just know that the RV is ready to pop.
1-20-2013 Newshound/Intel Guru BLUEDOG any questions on Tuesday Nite Meeting would only be surmising about it but we know these guys and gals do not come together for something small...it is HUGE and will meet...again and we will see what comes out sat and sunday...some signals already coming out positive moves. [How do you think all of this affects the RV or ER... time wise I am asking?] were right on the money thumbs up for our RV...any minute, any time...I am excited nobody knows when but we can see how they are playing this out. I say ALL to get together something BIG is going on. [post 2 of 2]
1-20-2013 Newshound/Intel Guru BLUEDOG Feb 23rd is no more money from the IMF to run your country so that means OWING all that money to all those entities...Iraq would start to Drown in their debt unless they RV their currency and build their Local Economy. To build their local economy they need the Tariff Law in place and they cannot do that until they RV their currency, it would be bad on the Iraq citizens financially. [post 1 of 2....stay tuned]
1-19-2013 Newshound/Intel Guru Flashing we are in an excellent position. imo we will c it anytime now and definitely on or before jan 31...so be happy and excited...be positive because everything is great...i hope a big celebration very very very very very soon based on rumors.
1-19-2013 Newshound Guru Med OK, NEW NEWS AND IT IS SORT OF TELLING APPARENTLY THE IRAQI NATIONAL TEAM IS PLAYING IN BAHRAIN...BUT SURPRISE....MALIKI'S STAFF AND ALL THEIR FAMILIES WERE GRANTED PERMISSION TO BOARD A PLANE TO FLY TO BAHRAIN TO WATCH THE GAME...OK MALIKI IS MISSING, HIS STAFF IS GONE TO ANOTHER COUNTRY. SOMEONE MIGHT WANT TO CHECK THE BACK DOOR OF CBI SEE IF IT HAS VISITORS. ALL I CAN SAY, I DONT BELIEVE IN COINCIDENCE HERE. CHECK TO SEE IF THERE IS A FOR SALE SIGN ON THEIR PALACES.
1-19-2013 Intel/Newshound Guru Poppy3 These are things we need to watch for as we go forward in this next week: 1. Look for Maliki to be gone or nulified, invited to testify. 2. Hearing the IMF is satisfied with CBI leadership to go international. 3. The Budget being activated or has been activated. 4. An announcement on the health of Talabani. 5. The term limits - we have never heard a final vote that we know about. 6. Talk of moving from Chapter 7 to Chapter 6. When we get to those points we will be very happy, we will be going to the bank. Right now is looking better than ever.
1-19-2013 Newshound/Intel Guru Flashing they will be transferred from ch 7 . pending issues of missing properties and persons, will be handled by unami under ch 6. unami mandate expires in june 2013. imo, we are just waiting for protocols. very good news still flowing from iraq. they are preparing to return to its previous international standing and that means rv. this weekend is promising based on rumors.
1-19-2013 Newshound/Intel Guru BGG I don't think it changes for us at all if Maliki is gone. I think it is just as good for us. I don't think it delays it that much. This may be the very best scenario for both us and Iraq, for everybody. I am still incredibly positive in this investment, on what will happen because they still need a currency. I am looking for something positive to happen on the currency front in the near future. I am more positive & excited than I have been in a very long time. [post 2 of 2]
1-19-2013 Newshound/Intel Guru BGG It's amazing what is going on in the Middle East in general and in Iraq. The political landscape is all relevant to our investment. The sentiment on the street is really bad for Maliki especially with Sistani and all the preachers in Iraq railing against him and tossing him under the bus. The civil unrest has tipped in favor of the people. As long as Maliki was left in power as is, there was not going to be an RV. As soon as they deal with him, we are probably on point for a change in the country. [post 1 of 2....stay tuned]
1-19-2013 Intel/Newshound Guru Poppy3 I don't think anybody really knows where Maliki is. Just about every leader in Iraq has turned the tables on him. From his past history he is trying to wiggle his way free, but too many people are calling for him to leave or resign, calling for Parliament to take care of him whether he is there or not. They want him gone.
1-19-2013 Intel Guru TerryK MY GUY IN JORDAN IS HAPPY BUT HE WILL NOT TELL ME ANYTHING. HE GOT IN TROUBLE FOR OUR LAST TALK. [Still hearing those high rates for CBI and Bank?] NOTHING HAS CHANGED.
1-18-2013 Intel Guru Blaino Iraq is many things...But in charge of "the rv" is not one of them, sadly. Rather, there are other entities and treaties that will regulate the time and nature of the revaluation, but in the interim, 'iraq' is the convenient excuse to allow other matters to be settled, and they are indeed working in that direction. I am bound by certain fealty and others to say little more at this time, but the hour approaches when all mystery will vanish like morning dew in the desert!
1-18-2013 Newshound/Intel Guru Bluedog watch what starts coming out after Fridays meeting and don't get me wrong a lot...much has been arranged last Tues eve...but Friday will unleash a great deal more things that we have been waiting for...they will start to show Saturday and Sunday what they have accomplished and its BIG! [post 3 of 3]
1-18-2013 Newshound/Intel Guru Bluedog Yes we are CLOSE because this meeting would never taken place...when Talabani was trying or talking of a National Conference...he knew the Timing was just not right yet, thats why he spent 3 months in Germany to prolong the situation...The timing is right now so Talabani had a very bad Health issue and Jaafari took over to put this forth...as we seen today that some agreements are now coming out and being finalized. [post 2 of 3....stay tuned]
1-18-2013 Newshound/Intel Guru Bluedog This national Meeting that took place at Jaafaris Home Tuesday nite lasted 3 hours...a lot and I mean a lot has been agreed on...this is a Major move for a young Democracy that is about to take a currency from nothing to a High rate...HCL and just all the Agreements that have lingered for 2 years or more have been laid out in this meeting. Friday they will have another Meeting...but what they did is laid the frame work to when and each agreement is to come out to the world. [post 1 of 3....stay tuned]
1-18-2013 Intel Guru Bluwolf people have been asking me about some rates that some are seeing in some forex sites. First of all they are what we call place holders and not real rates, the real rates are just behind those holders and when given the get go poof they shall appear...Second the real rates shall be seen in all banks and forex sites not in a hands full like you are seeing today ...Third all valuable sources are just silent plain and simple.
1-18-2013 Intel Guru Blaino No change at the CBI...The final arbiter of the value of the currency and the exchange rate. Could it be REAL...WELL... Lets look that over. There are many newspapers that are not showing the values today, when they usually do. There are even more that have some issue with their internet sites even opening...One has to ask "why?" some speculate that there is a rule that "it has to be printed somewhere...And this is the one place that was CHOSEN...This TIME"...Hummmm.....???? Nothing on fox news or fox bussines...Nothing in the MARKETS....So, could it be true anyway? There is only the one answer to that question..."mebby!"
1-18-2013 Newshound Guru Tlar Yesterday I said Maliki has left the country. I stand by what I said. The NA having an emergency meeting and reporting Maliki was at this meeting doesn't surprise me assuming they are trying to hold onto power. Their boss is toast and they realize it but until he has been reported to flee they are still in charge and can negotiate who will be the next PM. If he is reported gone, the NA does not have enough loyal members to control the outcome. It is to their benefit to make people think Maliki is still in charge for the next few days and the way to remove him is to negotiate and install a new PM from the NA...unless I read that Maliki has actually been seen in the last few days by someone other than the NA, I stand by what I said.
1-18-2013 Newshound Guru Doc Many other reports talk about UST, IMF and other dignitaries meeting with Iraq. Many sites have linked this to a definite RV by month's end. While we do not totally dismiss this as a remote possibility, we also suggest these dignitaries represent those that have invested heavily in Iraq. Given the fact that the PM may be on his way out and the CBI head has changed we would think if we were those investors we would want to personally see whats going on. We would also want to make sure the new players are on board to get Iraq back in the international community as a financial power. Does this mean RV in next few days? Probably not but it does mean the international community is ensuring things are moving toward that end. We view this as extremely positive. We report, you decide. [post 4 of 4]
1-18-2013 Newshound Guru Doc We need to be careful in separating comments between raising the value of the dinar and the RV. In almost all cases the quotes about raising the value in coming days are in reference to short term efforts to get the dinar back to the program rate of 1170. The street value has been recently reported at over 1400. These efforts are in response to the citizens uproar over their declining purchasing power. We really don't see this changing in that the USD is still the true currency in Iraq. We do not believe this will change until the dinar is close to par with the USD. [post 3 of 4....stay tuned]
1-18-2013 Intel Guru BWM according to contact in Iraq...the in country rate for the dinar had been trading within a 100 points of the 1166 rate...as late it had been running about 1218... according to daily number it looks like the printing was setup for a 1/1000 scale which means that was .0009 or 1111 to 1 which is moving the right direction and hopes are that things may be moving but are not to the point that we would like to see just yet.
1-18-2013 Intel Guru Winalot OMG!!!!! i think i just found something!!!! Iraqi dinar exchange rate for the day Dollar: 0.9 Euro: 0.6 Pounds: 0.5 LBP: 1292.3 KD: 0.2 SR: 3.2 AED: 3.2 JD: 0.6 . yesterday, same paper - 1166. that looks like an RV to me!!!!!! that would be the in country rate. They will get their bump from purchase POWER. They will not see $3 on country. [This is very exciting, remember we're looking for a consensus from our other Intel & Newshound Gurus, and reports from our nearly 40,000 Dinar Guru members from around the world...so far this is only one report.]
1-18-2013 Newshound Guru Doc Other news is focused on chapter 7 and is positive also. One report put it as simply as all Iraq needs to do is finish the commitments to Kuwait which are not many left. This shows progress but also tells us it has not been lifted and Iraq still has a little left to do. The news that concerns us the most is that the HCL does not appear any closer to resolution. Bazarini is talking about and new form of government for the Kurds and oil is being processed through Turkey. We see this as the most critical issue left on the table before any RV. Iraq needs to secure a steady flow of oil from the Kurds to support the value of the dinar. [post 2 of 4....stay tuned]
1-18-2013 Newshound Guru Doc We continue to watch as the news out of Iraq continues very positive. It now appears based on several reports the opposition against Maliki is strong and includes many from the NA which could easily spell his undoing. We see him doing one of two things which are cutting a deal to remain but giving up much power or being forced out. In either case we view this as positive as it should move the GOI to better stability and a true democracy. However, we are confident Maliki has a trick or two left up his sleeve. [post 1 of 4....stay tuned] 1-17-2013 Newshound/Intel Guru Flashing VND is donging and just waiting for the official call...waiting for the release...the rate is there... imo iqd 5 to 12...everything is great...just waiting for protocols...very very very very close.
1-17-2013 Newshound/Intel Guru BGG Article: "Barzani meets today with the heads of the opposition to discuss the change of regime in the region from a presidential to a parliamentary" Wow!! This looks like Barzani is dealing with opposition party in the KRG – they are discussing a more inclusive deal in Kurdistan – which is exactly what I have been saying to watch for. Makes perfect sense that the alliance against Maliki is now as strong as it is. They are all – and I mean ALL – getting on the same page. This is the main thing Talabani was holding out for.
1-17-2013 Newshound/Intel Guru Flashing some sources are saying we will see rv Friday after midnight and others are saying Sunday...rumors are that the VND rate will be in the upper level of my range and for the iqd some are talking about a dummy rate and others are talking about a rate that is way over from my estimate, more than double...rumors are coming from different places...and their timing is similar.
1-17-2013 Newshound Guru Tlar I'm going out on a limb here and I am probably wrong, but I think Maliki has left the country and is watching the events somewhere from a safe place. He has not been heard of for 4 days and then we get a news article saying he is in the hospital. I think this is snow until the blocks choose a new PM. Everybody is planning now for the next PM. Maliki will be removed and replaced when everyone of the blocks agree. The NA is all but dissolved. The next couple of days should be very telling.
1-17-2013 Intel Guru SteveI Article: "Chairman of the parliamentary Finance Committee Haider Abadi, with a delegation from the U.S. Treasury Department last developments in the budget bill for 2013." "Abbadi received a delegation from the U.S. Treasury Department and officials at the U.S. embassy in Baghdad, was discussed support the U.S. Treasury Department for Iraq and its role in the development of financial management in the Ministry of Finance counseling and observations in the areas of preparation of the annual budget and the tax side and related laws." Yes this is very positive. It will be all over before you know it. We will keep you updated with more info very soon.
1-17-2013 Intel Guru OCrush IN CONCLUSION: I AM SOOOOO EXCITED...THE US TREASURY OFFICIALS ARE THERE TODAY, NOT NEXT MONTH, TO MAKE SURE THE CURRENCY REPORT IS PUT FORTH CORRECTLY TO REVALUE THE IQD THIS MONTH!! THERE IS NO OTHER REASON FOR THESE OFFICIALS TO BE IN IRAQ!!! [post 3 of 3]
1-17-2013 Intel Guru OCrush THE REASON FOR THESE MEETINGS ARE TO ADJUST THE FINAL BUDGET TO REFLECT THE NEW RATE. THIS HAS TO BE COMPLETED BEFORE THE LAST BUSINESS DAY OF THIS MONTH ( JAN. 31..THURSDAY). THEY WILL ALSO DISCUSS THE TARIFFS AND HOW TO ADJUST THEM TO REFLECT THE NEW RATE. THE TARIFFS WILL NOT BE IMPLEMENTED UNTIL WE SEE THE REVALUATION. [post 2 of 3....stay tuned]
1-17-2013 Intel Guru OCrush THIS IS IT!!!! THERE ARE SIGNIFICANT DEVELOPMENTS THAT ARE TAKING PLACE IN IRAQ! THE DEPT. OF TREASURY HAS SENT HIGH OFFICIALS TO IRAQ. JOINING THIS GROUP YOU HAVE OFFICIALS FROM THE WORLD BANK, IRAQS FINANCE MINISTER, THE GOVERNOR OF CBI AND OTHER HIGH OFFICIALS (MINISTERS). THESE MEETINGS ARE TAKING PLACE WITH AMB. BEECROFT AT THE US EMBASSY IN IRAQ. [post 1 of 3....stay tuned]
1-17-2013 Intel Guru SteveI the three zeros has absolutely nothing to do with anyone outside the country. The official rate posted on the CBI site is what it will be worth world wide not here and there. All of the major banks and money exchange companies...will use that rate. Each institution will have some sort of fees. As for Chapter VII, yes it is done. Iraq will announce it probably next week or shortly thereafter. I will give you a hint on what to watch for. Look for things in the news about diplomats from around the world going to Iraq for "an upcoming" event. FYI, my rate is not a guess or prediction but rather fact. It will be exactly as I stated plus or minus a penny. [See SteveI's posts1 & 2 dated 1-5-2013 for rate information]
1-17-2013 Newshound/Intel Guru BGG Article: "Committee of National Gathering holds meeting last Wednesday" I get the feeling Jafaari, Mutlaq and the other “political players” are of the opinion if they don’t do something – nothing will get done. P.S. this sounds suspiciously like a “pre-cursor” to a National Meeting.
1-17-20123 Intel Guru TerryK IT’S REALLY QUIET...NOTHING HAS CHANGED THUS FAR...AS I KNOW...WE ARE ON TRACK.
1-17-2013 Newshound Guru Tlar I think Maliki purposely has not let the bank RV in order to help Iran. As long as they are using the present bills and don't switch to a non-counterfeitable bill, Iran can print dinars and swap them for hard currency (USD) in Iraq. Maliki is a puppet of Iran and he consistantly does Iran's bidding. Iran said in the beginning they did not want to see a prosperous democratic Iraq and what do we have? A nation that by all means should be doing well with all the resources they have but instead we have a nation of poor people demonstrating in the streets. We also see all major legislation that would propel Iraq to prosperity stalled by his party.
1-17-2013 Intel Guru Okie_Oil_Man LET'S HOPE TO HEAR VERY SOON THE POWER PLAY'S HAS ENDED AND OUR PRAYERS HAS BEEN ANSWERED. AS USUAL AS I AM PERMITTED I WILL ELABORATE BUT AT PRESENT I HAVE BEEN REQUESTED TO BE VERY CAREFUL WHAT I POST AS I WOULD NOT DO ANYTHING OR POST ANYTHING THAT MAY HAVE AN ADVERSE EFFECT OR CAUSE ANY DELAY BY CREATING ANY FALSE POSITIVE'S OR NEGATIVE'S. LET'S KEEP IN PRAYER'S OTHER'S AND OUR GOAL AND KEEP OUR FAITH ACTIVE AS NEVER BEFORE. [post 3 of 3]
1-17-2013 Intel Guru Okie_Oil_Man THAT IN CONJUNCTION WITH THE GLOBAL INVOLVEMENT POINT'S US AT THE INEVITABILITY OF THE C/E OR R/V OR R/I. THE NECESSITY OF THE WORLD GLOBAL SETTLEMENT'S CAN NOT BE DELAYED MUCH LONGER. THE GLOBAL SETTLEMENT HAS NO DOWN SIDE AND CONVERSLY HAS NOTHING BUT A POSITIVE EFFECT ON MANY COUNTRIES. THIS HERETOFORE HAS BEEN DELAYED BECAUSE OF POWER STRUGGLE'S BETWEEN POLITICAL FACTION'S AND CORRUPTION BEING A HINDRENCE. [post 2 of 3....stay tuned]
1-17-2013 Intel Guru Okie_Oil_Man GOOD THURSDAY AMERICA, SHIP'S AT SEA AND ALL OUR WORLD WIDE FRIEND'S. THERE HAS BEEN A MULTITUDE OF NEW'S PRESENTED THIS WEEK AND IT IS ALL POSITIVE. WHILE THE EXACT DATE-RATE IS STILL BEING GUESSED AT THE FINAL DECISION OF THESE HAS BEEN MADE. THERE WERE AN INTERNATIONAL CONSORTIUM AGREEMENT MADE ONLY YESTERDAY PERMITTING BETWEEN THE 3 LARGEST COUNTRIES THAT HAS BEEN INVOLVED IN THE R/V OR C/E TO AGREE FINALLY ON THE COMPLETION OF THE PROJECT. [post 1 of 3....stay tuned]
1-17-2013 Intel Guru Blaino This is good news, so although i wanted to be done before the 20th, it doesn't appear to be happening that way. This is confirmed information and the product of numerous reviews and discussions. I do not take lightly the responsibility of making this call. The close of a "pass" doesn't mean there will be an rv immediately, just that a more enhanced 'watch' can continue. This is "very good for us!" We can resume our dilligent watch on february 1ST... Know that our team will never let up on it's WATCH... Until we are enriched and complete! [post 2 of 2]
1-17-2013 Intel Guru Blaino Information indicates there is an important marker in the works, one that "no one" saw coming, which dictates a series of events 'must' transpire in the closing moments of the run up to the rv, we are definitely in the "quickening" time of this...Currency HOLD.. cannot say more at this time. As such, i am enabled and happy to de-stress everyone by announcing that there will be a number of days required for the implementation of these matters and therefore, we have no need to worry about rv occuring in the interim! Hence, i am declaring a "pass" valid until the 31st of january, 2013. A "pass" is a time during which the possibility of an rv is remote at best. (post 1 of 2....stay tuned]
1-17-2013 Newshound Guru Adam Montana [If Talabani's wife (Hero) gets the replacement position of her husband, what would your opinion be on this as far as her getting things moving at a faster pace or would it even matter at all since lately, the House of Representatives and the Parliament keep postponing their meetings and nothing seems to be moving much at all now?] I won't pretend to have the answer, but I have two thoughts on it. 1 is that women simply aren't given the respect that they deserve in Iraq, so I kind of doubt a woman would be effective in that position in that country. 2 is that sometimes it takes a woman to do a man's job so on that note...I will graciously end...with a hat tip to all the hard working women in the world - thank you for all you do and thank you for giving us men a kick in the rear when we need it the most. [Hmmmm, really good answer Adam. : ) ]
1-17-2013 Intel Guru TerryK i assure you that this just in Meeting in Hong Kong Friday for final sign off on rv expected to hit Sunday evening.
1-17-2013 Intel Gurus SteveI and Ray We know for a fact that the government is pushing very hard to make this happen by the end of this month. I also feel as from what we are being told and hearing and from OCRUSH's post, there are some loose ends that need to be done next week to produce the final results. Wow, this really is huge. We will keep you posted as we acquire information regarding the final finish line. We are finally there as long as long as thing keep moving like it is. Everything will come together next week. That is [the] target I see. [post 3 of 3]
1-17-2013 Intel Gurus SteveI and Ray This also confirms the news and information that OCRUSH [see post below 1-16-13] provided earlier about being done. Too many huge players involved to just guess. You add all of this up and you have some very powerful news. Also, many local newspapers in Iraq were printing articles that the three zeros would be raised as soon as the budget is approved. I feel that everything is under control and all going to plan and the timing. We will not share anything else about that now...Trust me, you will be extremely pleased. [post 2 of 3....stay tuned]
1-17-2013 Intel Gurus SteveI and Ray We...have some very good news...we are more than happy to share what is only been made public. The rest will come in a day or two and i promise you will love it. Martin Kobler of the United Nations was on TV today stating that the United Nations is offering its' help in helping Iraq with the raising of the three zeros and the exchanging of the currency. So my take on this is that our sources from Iraq stating that they are removed is true and I am absolutely positive you will hear about it next week when Iraq is ready in a huge press conference. Remember this is their show, they will do it when it is right. [post 1 of 3....stay tuned] 1-16-2013 Newshound/Intel Guru Flashing imo, the iraq issues are not significant for us in terms of rv. [flashing, how confident do you feel about chapt 7 release this month?] very, very confident.
1-16-2013 Newshound Guru Adam Montana I flat out disagree with any comments made that guarantee a date or rate. I believe things are lined up and it is definitely possible to see a major rate change any day or week now, but there is no guarantee on that by any means. They could do it tomorrow or put it off till next year.
1-16-2013 Intel Guru SteveI I absolutely agree. We are almost done. What OCRUSH [post below] mentioned is huge and a very necessary step to make this all happen. They have been lifted from Chapter VII but they (Iraq) will announce within their time frame. "No matter what" is what we are hearing also. Super news if you ask me.
1-16-2013 Intel Guru Ocrush BACK IN DECEMBER 2012 I PUT OUT THE BANKING ACT LAW (PDF). THIS WAS WRITTEN (UPDATED) IN 2007 AND ON PAGE 15 OR 33 IT STATED THE ISLAMIC BANKS WILL BE READY IN JANUARY 2013. THEY KNEW BACK THEN, JUST FOLLOWING THERE TIMELINE, WHEN THIS WAS GOING LIVE... FOR THEM TO DO ALL OF THE ABOVE MEANS OR THEY ALREADY KNOW, CHAPTER VII WILL BE LIFTED...ONLY ONE REASON FOR THIS HAVE HAPPENED. : ) THIS WILL ALSO ACTIVATE THE TARIFF ACT ( BELIEVE ME IT IS PASSED THEY JUST NEED TO IMPLEMENT). AS YODA WOULD SAY.....ALMOST THERE WE ARE!!!!! [post 2 of 2]
1-16-2013 Intel Guru Ocrush HERE WE ARE AT THE END OF THIS LONG RIDE! A FEW DAYS AGO THERE WAS A BANKING CONFERENCE IN IRAQ. THIS CONFERENCE WAS THE KICK START TO ALLOW IRAQS BANKING SYSTEM TO GO INTERNATIONAL! MOU AGREEMENTS WERE SIGNED BETWEEN MAJOR ISLAMIC BANKS OF THE ARAB NATIONS AND FOR IRAQ TO BE A PARTICIPANT INTERNATIONALLY WITH THE ARAB MONETARY FUND. THE ARAB MONETARY BANK AND THE IMF COORDINATED AND SOON TO ACTIVATE THE NETWORK, FOR IRAQ, TO COMMUNICATE WITH THE REGULATORY BODIES ( INTERNATIONALLY). [post 1 of 2....stay tuned]
1-16-2013 Newshound Guru Adam Montana [On the United Nations website I had read that the UN Security Council meets twice a year, in mid June and mid December to vote on matters such as Iraq's CH. VII status, how likely that any significant action takes place before then??] I do not expect the UN or the GOI to follow those dates or the "normal" schedule - something as important as the major change (increase) in the value of the Dinar is not going to revolve around the "normal" scheduled meetings. This is something that I expect to see happen completely unannounced and with little to no warning at all. That's the only way it can be truly successful, in my opinion.
1-16-2013 Newshound/Intel Guru BGG Article: "Close to Maliki reveals secret dialogues with leaders and representatives of the demonstrations to end it" a move towards a deal seems “in the works”…however, on the flip side, they just approved questioning Maliki in Parliament. Now.
1-16-2013 Newshound Guru Tlar I think they are buying all the dinars in the middle East. This is month 5 of an amazing mop up of dinar. They are retiring dinar not replacing it with smaller denominations. I would love to know how much is left in the middle east. They should run out of dinars to buy soon because there is a finite # out there.. The supply of dollars buying this dinar is unexhaustable given the bank has been doing this for 4 months and the reserves are still at 67 billion. The bank is making money doing this day by day and Iraq is reducing their debt with every auction by a ratio of 1179 to 1.
1-16-2013 Intel Guru TerryK ITS ALL LOOKING WONDERFUL FOR THIS WEEKEND. I PRAY THIS IS ALL OVER...BUT YOU KNOW HOW IT IS. THINGS ARE STILL POSITIVE, HAVE GOTTEN A FEW CALLS THIS MORNING THAT WF AND CHASE CONTACTS ARE PUMPED AND READY.
1-16-2013 Newshound Guru Kaperoni Article: "A parliamentary committee: internal and external pressures delaying the application of tariff " Iraq has no exports other than oil. Until they get the agriculture and manufacturing up to snuff, they have no use for the WTO. The free market economy will bring investment, which will result in products. The WTO will come, but not before the dinar has value and Iraq accepts Article 8.
1-16-2013 Newshound/Intel Guru Flashing as i said i will be here and will not disappear. And yes my prediction failed. However, i am a warrior and will continue giving you the best information that i can get. in summary there is nothing negative...everything is great and we just still waiting for the historical moment. [Have you heard what might have happened or anything new?] "in" people still expecting it any time now. i think it is just a matter of protocol...the political situation in Iraq is not the hold up or the budget...the political situation is taking care by UNAMI and will not preclude Iraq from be moved from ch 7...imo iraq will be moved from ch 7 to ch 6 during this month. so i expect the transfer and the rv at the same time. we [are] still great.
1-16-2013 Newshound Guru Adam Montana the CBI is hinting that they are looking at ways to increase the value...I haven't seen anything too dramatic, just the normal can-kicking. regarding the budget, we have to understand that they aren't going to tell us how or when a major increase in value will happen - the official "budget" is a formality that can be adjusted or completely changed due to a major event like an RV. On the other side of the coin, the HCL and Erbil are also major factors - think of it like Dominoes. When one falls, we can expect a chain of events to happen. In fact it would be foolish to NOT expect a chain of events to take place.
1-16-2013 Intel Guru Footforward The Standby Agreement is in place until February 23rd. They can renew it at the last minute. If they don't have an RV and they do not renew it, Iraq basically will have no money. I am hearing pretty much everyday that the RV can happen at anytime. We are waiting on one final step. I am expecting this to go anytime...and I expect it to have a high rate. [post 2 of 2]
1-16-2013 Intel Guru Footforward Talabani is not dead, he is in Germany getting help for his back, but if he did die, it doesn't change anything. Maliki will be elected if we don't have an RV by the elections. He will stick around until the RV and then he will disappear. Maliki is the guy that we want in there. There has been no live rate on the dong. The budget doesn't matter, the budget will be opened when it RV's, they can't open it until then. [post 1 of 2....stay tuned] 1-15-2013 Newshound Guru Mailman17 I ALSO GOT A CALL FROM A FRIEND THAT TOLD ME A BOOT ON THE GROUND COMING BACK FROM IRAQ TOLD HIM THE DINAR IS SCARCE ONT HE STREETS LITERALLY ANOTHER GOOD SIGN. THE END OF THIS INVESTMENT HAS ALWAYS BEEN A SPECULATION...WE NEVER TRULY KNEW HOW IT WOULD END POLITICALLY BUT WE KNEW...THE FACTS BOTH FROM THE CBI AND OUTSIDE ENTITIES. WE HOPED IT WOULD GO SMOOTH, WE WERE WRONG BUT WE WERE NOT WRONG IN THE CONCLUSION, PAYDAY IT IS COMING... [post 3 of 3]
1-15-2013 Newshound Guru Mailman17 I ASSUME THEY HAVENT YET ASKED FOR AN EXTENSION ON THE LOAN DUE FEB 23RD? NOT THAT THEY WILL GET IT...AND NO MATTER WHAT YOU HEAR ABOUT CHAP 7 THEY AINT GETTING IT TILL THE UN IS SATISFIED AND THE BENCHMARKS ARE DONE...NO MATTER WHAT IRAQ SAYS, 140, HCL, KUWAIT MUST BE DONE AND FINAL...WE NEED IT IN WRITING PERIOD. [post 2 of 3....stay tuned]
1-15-2013 Newshound Guru Mailman17 ACTUALLY...THE NEWS IS VERY MISLEADING...BACK AND FORTH, BUT I DO LIKE THE FACT THAT MALIKIS AT THE END OF HIS ROPE... LOTS OF GOOD STUFF COMING OUT OF PARLIAMENT AS WELL. LOTS OF LAWS BEING EITHER READ....OR VOTED ON...WATCH CLOSELY ESPECIALLY THE 2 TERM ONE. [post 1 of 3....stay tuned]
1-15-2013 Intel Guru TerryK IM BEING TOLD THIS WILL ALL BE DONE NO LATER THAN FRIDAY NIGHT, NO LATER, maybe thursday. what would you all say if i told you a buddy of mine at chase bank is telling me it is all but done and they are having extending banking hours saturday as well as wf [Wells Fargo]...two calls tonight told me that, now why would they do that...they did not say rv but told me its done and we have extended banking hours.
1-15-2013 Intel Guru SteveI Here is a quick update that is very positive. The parliament told the media (Iraqi TV)...that they will be voting on the Amnesty Law and Budget in tomorrows session. I find this great news. The problem has been Allawi and his people not agreeing and walking out the other day. I think this will be behind us very soon. We will keep you posted with updates as we get them.
1-15-2013 Intel/Newshound Guru Poppy3 i am still receiving emails about iraq being removed from chapter 7 to chapter 6 and what that means...chapter 7 to 6 means they must settle all debt and it will stop all judicial proceedings against them. If they must pay and settle all debt to move to 6 then I suspect they will have to RV their money prior or during the proceedings.
1-15-2013 Newshound Guru Med THE PEOPLE FROM THE SOL, STATE OF LAW, HAVE SHOWN THAT THEY DO NOT HAVE THE EXPERIENCE OR TRAINING OR EDUCATION TO HANDLE THE TASKS OF REBUILDING A COUNTRY. YOU HAVE TO HAVE AN EDUCATION AND A GOOD ONE TO KNOW WHAT IS NEEDED AND WHAT IS MANDATORY IN BUILDING A NATION ESPECIALLY A DEMOCRATIC ONE. THE PEOPLE ARE YOUR FIRST PRIORITY...IF THEY HAD THE REAL TASTE OF WHAT DEMOCRACY AND FREEDOM IS THEY WOULD NEVER WANT TO RETURN TO ANY OTHER WAY.
1-15-2013 Newshound/Intel Guru Flashing vietnam economy will improve too. significant things are coming over there too. so you can expect a significant raise in the value of the VND too. imo, it will be along with iqd. i am very confident about this month for both ch 7 release and rv. and i still waiting for it tonight.
1-15-2013 Newshound/Intel Guru BGG Article: "Ali Shubber reveals large movements of the Supreme Council to address the current crisis." This is Hakim looking for an immediate solution. If he’s not lining up with Maliki – it’s bad for the current PM. The political climate for Maliki looks worse and worse as time goes on. I said this some time ago – at this point, there is no stalling. They have some kind of deal in the works, but on the other hand, they are moving against him anyway. Just in case he acts like his normal self.
1-15-2013 Intel/Newshound Guru Poppy3 just got another confirmation from another source banks were all closed to the public on saturday like i informed you...I also confirmed again that the banks are out of 25,000.00 notes and have been for over a month. This shows they are getting low on funds and that they are removing many of the 3 zero MONEY... All good signs for us.
1-15-2013 Newshound Guru Tlar Article: "Divergence of views on the timing of the application of tariff law" The Maliki government realizes you can't install tariffs without first raising the currency value. They are vehemently opposed to raising the value because they would have to introduce the unconterfeitable smalls. They are painfully aware that this would kill Iran's ability to counterfeit the 5000 and 10000 dinar notes. They need to counterfeit these notes which they are selling in Iraq for hard currency, which Maliki and the SOL are getting a take on. So they have to stop the tariffs.
1-15-2013 Newshound Guru Med ARE THEY MEETING TODAY...IS THERE A NATIONAL MEETING GOING ON...LOTS HAPPENING, I MEAN A LOT LOOK AT WHAT WAS DONE IN A MATTER OF HRS. FOR A YEAR MALIKI AND THE STATE OF LAW PROCRASTINATED ON A NATIONAL MEETING...ALL OF A SUDDEN A NATIONAL MEETING IS CALLED AND ASKING FOR EVERYONE TO ATTEND CHRISTIANS AND MUSLIMS ALIKE, CAN YOU SAY HOLY *** .
1-15-2013 Intel Guru Delta We don't know the date or the rate for now, but as far as the rate, I believe it will unexpected, good unexpected, numbers that we never thought about, good numbers. It could happen any day we don't know, but for the CBI to do Saturday auctions, something has to happen. Please take this as rumor and speculation. We are going to see the RV, they will get out of Chapter 7 and then Maliki out of power unless he plays it smart and he starts kissing cheeks. I hear we might see something this week, the next 3 or 4 days, anything can happen. It's all good, interesting news.
1-15-2013 Newshound Guru Tlar Article: "Earnest desire of the international Arab bankers cooperation with Iraq" If the blocks are successful in getting rid of Maliki either through a parliamentry vote or the NA removes him, Iraq is on the path to democracy. The NA will have to work with the other parties instead of dictate to them. Negotiation is a huge part of democracy, even more so in a parliamentary system. Then we might see the generations of fighting come to an end. Shiites (Sadr) are working with Kurds are working with Sunni's in attempting to remove Maliki. I think everybody knows this will soon succeed at this point, but it will also achieve something much greater. They will be a true democracy that has proven to be able to bring a strong, corrupt leader down, without an internal civil war. This is their greatest accomplishment. Any alternative to this outcome is and will be unacceptable to all involved.
1-15-2013 Intel Guru Frank 26 The CBI requested that the banks open up, if they wanted to on Saturday. There were many reasons why. It seems a lot of them did and they did hold auctions. We pray that the rate is in the 2013 budget. When will they release the 2013 budget? Do we see evidence that they will stay on course for tomorrow [Tuesday] ? No. The budget was to be passed tomorrow, they came extremely close, within 48 hours, but they wisely held it up for many things to occur. So what is the latest thing they have told us? They want to get it done by the end of this month. Does this look like the same pattern as last year? There is a difference from what took place last year, there is no Standby Agreement funds to keep them afloat. After February 23, they will drown. If the citizens of Iraq do not see the rate in the 2013 budget by February 23, all hell will break loose and they will go after Maliki.
Read more: http://www.dinarguru.com/#ixzz2IRArsX3y
1-14-2013 Intel Guru TerryK I ASSURE YOU IT HAS NOT RV'ED IN IRAQ YET. MY SOURCES ARE SAYING THRUSDAY, FRIDAY TIME FRAME. IT’S GREAT, I’M SO HAPPY. THE DONG IS AT .478 CURRENTLY, HAS BEEN FOR MONTH.
1-14-2013 Intel/Newshound Guru Poppy3 There has been constant talk about them getting out of Chapter 7 and heard to move them from Chapter 7 to Chapter 6. This is a good, positive thing. Everything points to them getting out of Chapter 7 this month. In the last couple of weeks laws have been passed to limit Maliki's power, they are still not complete, but they are working in the right direction. The second reading was to take place today on the term limits and as far as I know, it did take place. I feel we are headed to the finish line, but "when" is anybody's guess. My confidence level is way high. [post 2 of 2]
1-14-2013 Intel/Newshound Guru Poppy3 We have not heard of the status of Talabani, it's probably a political thing. They know that they have 30 days from when that announcement takes place to replace him. The banks were reported & I got the report myself, that the banks were to be open on Saturday, taking in the 3 zero dinar, doing business with the public. I got calls from friends in Iraq and the banks were not open to the public, it didn't happen. Also, 25,000 notes are no longer available in Iraq or in Kuwait at any of the banks. That's good, positive news for us. [post 1 of 2....stay tuned]
1-14-2013 Newshound Guru Tlar Article "Divergence of views on the timing of the application of tariff law" It looks to me like they are running out of excuses. The Maliki government should just come out and say it. We don't want a tariff law enacted. Companies bringing goods into Iraq cannot afford to pay both a tariff and a bribe of 10% to Maliki's retirement fund. It is already hard enough to move the bad produce and shoddy goods coming from Iran at today's prices let alone if we put a tariff on top. That and if there was a tariff, these goods would probably be rejected at the border and that would cut into the Maliki family empire.
1-14-2013 Newshound Guru Kaperoni Article: "Iraq: 2013 will emerge from Chapter VII" If this is the case, and it seems like a real possibility, then Iraq has much work to complete in the next few months including the dinar. So we all just need to hang on a bit more and we should see something happen. Clearly the words they speak are grand for the year the 2013.
1-14-2013 Newshound/Intel Guru Flashing "Foreign Relations Committee: Iraq close to transferring from CH VII to CH VI with United Nations Foreign parliament: we seek to emerge from all the chapters of the Charter of the United Nations after the fulfillment of all obligations" imo, UN cannot hold their decision for a long time. i think they are waiting for some protocol of kuwait. it could happen today, tomorrow or right after. their visit is due. significant events have happened as this one: Kuwaiti source revealed early Friday that the Kuwaiti Ministry of Interior has allowed its citizens to travel to Iraq without a permit. most of my posts are backed up with articles and documents...my prediction includes tomorrow night. [See Flashing's post from 1-12-13]
1-14-2013 Newshound/Intel Guru BGG Article: "National Coalition calls wise to adopt a group meeting with the leaders of blocs to resolve the crisis" This is just another stab at a delay tactic. Not a real option. Talabani worked on a National Meeting for 2 years. While the National Alliance wasn’t in this kind of jeopardy – they wanted nothing to do with it then. Suddenly – they want a meeting??
1-14-2013 Newshound Guru Tlar Article: "Startles Maliki to choose an alternative to the president .. Barzani named Hiro Ibrahim Ahmetd as president of Iraq!!" Maliki is in trouble. He is losing battle after battle. The NA should see the writing on the wall next week...If they don't do it next week everything and I mean everything will escalate quickly. I believe Maliki will leave the country soon. He won't have a choice.
1-14-2013 Newshound Guru Kaperoni Article: "Economists stress the country out of the framework of unilateral betting" This one seems to give us some more insight into the last few days. Pretty heavy and demanding challenges for Iraq to step into the world economy. Let's hope they do...of course the first step seems to be...the dinar!
1-14-2013 Newshound Guru Doc Rumors and hype abound...We can with 100% certainty tell all that there has been no RV, chapter 7 has not been lifted, HCl has not been agreed to and there are no mysterious back bank screens showing incredible rates. The bottom line continues as is. There is lots of positive news suggesting these issues are being addressed but we still don't have closure. We are encouraged but still await final closure. With this we remain cautiously optimistic in the longer term. We report, you decide.
1-14-2013 Newshound/Intel Guru Flashing the political issues are taking care of under the strategic framework agreement. That is the reason why Ban Ki didn't mention the political crisis as an issue to release iraq from ch 7. [I have never seen a confirmation on this - does Iraq have to have the RV (viable currency) before they can be released from Chapter 7?] there is nothing writing on that respect, but they will return to the position they held previous to being under ch 7. so this means their currency will be tradeable and will have a value according to the country current status in terms of reserves and assets. again the important thing here is the following: a transfer from ch 7 to ch 6 = rv. they need to have a tradeable currency. imo iraq will be moved from ch 7 to ch 6 during this month. the rv is imminent as well as the release from ch 7.
1-14-2013 Newshound Guru Breitling How can Iraq dedollarize it's economy without raising the value of the dinar. Well, they can't. The velocity is part of the formula. So, if they delollarize, it's going to force Iraq to use the dinar & it's got to go up. The value has got to go up. It has to be a combination. They have to dedollarize and raise the value of the dinar at the same time. Their value of the dinar right now is fake. A recent article said that their reserves went from 65 billion to 110 billion, so they could add value to it today. They are trying to put steps in place so their wealth doesn't leave their country. The key for us is timing. There is a 2 year process for them to get the dinar to a buck and from a buck they will go back to their original rate of $3.22.
1-14-2013 Newshound/Intel Guru BGG Quite some time ago Dr Shabibi as much as told us what it would take – politically. These conditions have not been met. So we wait. I am beginning to think these might not have been Dr. Shabibi’s requirements but someone farther up the food chain…IMF, UN, etc, etc…which is not to say “it is out of Iraq’s hands”. It is not. All they would have had to do is meet the conditions. Ultimately – it is completely in their hands. I am very encouraged by the news and public trends. For all to see. Once there is a deal done with Maliki or they move directly against him – then we are headed the right direction. This could show very soon…and possibly is already done (as in – agreed to). 1-13-2013 Newshound Guru L.J. ALL OF THIS CAN BE REMEDIED IF THEY JUST REMOVE ONE LITTLE CLOG IN THE SYSTEM - MALIKI...THEY HAVE ALREADY CUT OFF HIS ABILITY TO RUN IN THE NEXT ELECTION AS PRIME MINISTER WITH TERM LIMITS...HE DOESN'T SEEM TO HAVE A PARTY AND THEY LOOK TO PASS LAWS TOMORROW (MONDAY)...IF THEY DO...LOOK FOR THE QUESTIONING SOON! [post 3 of 3]
1-13-2013 Newshound Guru L.J. AN ARTICLE SAID THAT THE U.S. THINKS IRAQ WILL HAVE THE LARGEST ECONOMY IN 2013 - NOT IF THEY HAVE AN UNSTABLE GOV'T...KURDS SENDING THEIR OIL THROUGH TURKEY...ALL REVENUE MADE GOES DIRECTLY TO THE KURDS...THIS KILLS THE IRAQI BUDGET FOR 2013...THAT IS WHY MALIKI WANTS TO FIRST APPROVE THE BUDGET...(FAT CHANCE)...THEN DISMANTLE PARLIAMENT...BOTH OF WHICH REQUIRE A MAJORITY VOTE OF 163 OR MORE...THE IRAQI BUDGET DOES NOT COMPUTE EITHER...IT SAYS THEIR OUTPUT WILL CREATE $118 MILLION IN REVENUES...NOT IF THEY AREN'T GETTING KURDISTAN'S OIL, HAVE NO INFRASTRUCTURE, AT PRESENT NO OTHER SOURCES OF INCOME LIKE TOURISM OR AGRICULTURE...THEY ARE DOOMED TODAY. [post 2 of 3....stay tuned]
1-13-2013 Newshound Guru L.J. TODAY'S NEWS IS PROMISING...THE AMNESTY LAW LOOKS TO PASS WITHOUT VOTE...ALL PARTIES HAVE AGREED IN MAJORITY BUT MALIKI'S GROUP WANT TO HOLD IT UP...IN THE MIDST OF CIVIL UNREST IN MOSUL IF THE PROTESTERS DEMANDS ARE NOT MET. AN ARTICLE SAID THAT IRAQ SOON TO BE RELEASED FROM CH. 7...PLEASE BE REMINDED THAT IRAQ HAS NOT MET THEIR REQUIREMENTS TO KUWAIT YET...EVEN THOUGH THEY SAY THEY ARE CLOSE MALIKI IS NOT WORKING ON THAT HE IS FOCUSING ON MAINTAINING POWER. [post 1 of 3....stay tuned]
1-13-2013 Newshound/Intel Guru Flashing i disagree with such stories that the rv happened and we need to wait 24, 48 or 72 to see it. it will hit all the world at the same time.
1-13-2013 Intel Guru TerryK WHAT IM HEARING IS SOME BANKERS CLAIMING THEY HAVE IT ON THE BACK SCREEN...AND I AM TOLD ON THE BACK SCREENS THEY SHOW A PROJECTED RATE...IM GOING TO TELL YOU ALL THIS EVEN THO 3.86 MAYBE THE RATE, I FEEL THAT IS WAY LOW. IM STICKING TO MY GUNS ON 8.16 OR HIGHTER IS WHAT IT WILL LEVEL OUT. NOW WITH THAT SAID KUWAIT AND IRAQ HAVE A AGREEMENT IN PLACE FOR IRAQ NEVER TO BE MORE THAN .50 HIGHER OR LOWER THAN KUWAIT. SO THAT MEANS IF IRAQ GOES HIGH THEN KUWAIT WILL DO AN ADJUSTMENT AS WELL. [post 2 of 2]
1-13-2013 Intel Guru TerryK I...GOT A CALL...ANYONE HEAR THAT IRAQ RV'ED LAST NIGHT ABOUT 2 AM. I JUST GOT THIS CALL FROM A BUDDY OF MINE WHO HAS A FOREX WEST TRUNK GUY THAT IS SAYING THEY GOT A FLASH THAT IRAQ RV'ED. I HAVE SOME CALLS OUT. U WOULD HAVE THOUGHT WE WOULD HAVE HEARD SOMETHING, SO LETS DO SOME CHECKING. WE ARE TRYING TO CONFIRM. WE WERE TOLD LAST WEEK THAT SATURDAY NIGHT 2 AM SUNDAY MORNING. [post 1 of 2....stay tuned]
1-13-2013 Newshound Guru Eagle1 while a global currency reset seems fairly well assured, the timing of it is less certain. (the projected date for this is sometime between Feb 19-23) I've been watching activities going on with many of the world's central banks. There is a tremendous amount of effort being put forth to shore things up for those nations that are hanging on by a thread financially. So, how does the global currency reset work? Some nations won't see much change. Some will see an increase in the value of their currency, and a few will experience quantum increases. The coming revaluation of the VND is a classic example, and of course that says nothing of the RV of the IQD...the IQD is gold-backed! It will not lose its value during the GCR [Global Currency Reset].
1-13-2013 Newshound Guru Tlar Article: "Adel al-Maliki: the southern provinces would halt oil exports if the region continues to export oil through Turkey" This is exactly the reason this government run by the SOL must go. They are an unreliable supplier willing to use oil as a weapon to get their way. They won't pay Kurdistan or their suppliers so Kurdistan ships oil independent of Bagdad, then Bagdad threatens to shut of all exports. Kurdistan has tried for 6 years to negotiate a deal. Not only are the other blocks in Iraq not going to take it anymore but neither is the world.
1-13-2013 Intel Guru Footforward Maliki is there to serve a purpose. He will be there until the RV happens, the same with Shabibi, whenever he comes back, I was told he will come back at some point. Also, if Talabani died they would be looking for a new president.
1-13-2013 Newshound Guru Kaperoni Article: "Baghdad Economic Forum recommends to reconsider the Central Bank Law and Banking Law" This was a pretty big deal IMO. Maybe even more so than the Sept conference in London. It seems that this addressed mainly as many Arab banks and officials in the region as possible. Some 800 attendees. That tells me we are very close to the dinar going up in value and convertable/tradable. Again, these events have happened in the past, but this one clearly described their intentions to "...promotion of investment and engagement with the private banks and investors in the financing and development of projects and economic infrastructure." Seems very unlikely that would be a success with the dinar the way it is now....near worthless.
1-13-2013 Intel Guru TerryK WE ARE LOOKING AT A ECONOMIC RECOVERY PLAN MAYBE TOMORROW NIGHT, THATS FROM A GREAT SOURCE, WELL TWO SOURCES. IT COULD...PUSH OUT TO THIS COMING THURSDAY. THESE PEEPS ARE VERY VERY EXCITED AND SO AM I. I HAVE ASKED SIS TO START THE PLANNING OF THE POST RV PARTY THAT’S HOW SURE I AM OF THIS...THE DINAR IS GOING TO COME OUT AT 3.22 +20% = 3.86 AND GO FLOAT UP FAST.
1-13-2013 Newshound Guru Med BARZANI IS CALLING FOR THE NOMINATION AND VOTE IN PARLIAMENT OF THE NEW POR. MALIKI WANTED TO USE A PROXY AND THEN HOLD OFF TILL HIS TERM WAS OVER. HOW CAN THEY PUT IN A NEW GOV FOR CBI WITHOUT PARLIAMENT VOTING, HOW DO YOU JUST BYPASS THE CONSTITUTION.
1-13-2013 Newshound Guru Doc We are much more concerned with HCL. We think this has to happen. It will be the basis to secure assets to back the dinar. If the Kurds walk the party is over and they seem to be running out of patience. The good news is we think the Kurds really do want a unified Iraq but one where there is a shared GOI. We can only hope their patience continues a little while longer. [post 2 of 2]
1-13-2013 Newshound Guru Doc We do not believe chapter 7 is absolutely needed for currency reform. We believe it is intertwined within the grand politics going on. Maliki wants out and the international community wants Iraq to be a global economic force with a democracy. Chapter 7 is simply a leverage point so it would be a great indication Iraq is moving forward. We obviously dont know which will come first but we suspect they might come close together. [post 1 of 2....stay tuned]
1-13-2013 Intel Guru BOBGETZ6 Quote, directly from frozen friend...Folks, this is a global process, ...I have never, never, never given a date or rate. I do NOT know who has the button on this. To be honest I really do not want to know. However, this is a process that is very complicated and info leaks through the cracks. Luckily some info becomes available to us. So that being said, you and your family for generations, if used properly, have been blessed beyond...anyway just hold tight it's coming...and soon.
1-13-2013 Newshound/Intel Guru Flashing between tomorrow and monday (more likely tomorrow) there will be a major announcement in iraq, could be rv, release from ch 7, both or any news that will have a major impact on Iraq...rate will be better than the one u r hearing... rumors are VND rate will be between .27 and .57...we are in an anytime now and i am very confident on my time frame...i am convinced on the happy ending of this event. [post 2 of 2]
1-13-2013 Newshound/Intel Guru Flashing summary of radio program of dealer: 1. China currency will increase its value 2. Ban KI wants Iraq out of ch 7. That is why Iraq met with big countries 3. Iraq has the biggest reserve in the word (110 billions) 4. Iraq will double its reserve 5. rv could happen in any moment. 6. VND will increase its value. Vietnam has been preparing its people to that when they have said the economy will increase and improve during this year, same happens with Iraq. 7. kuwait prime meet with Maliki (could be tommorow or in any moment)...and the big one and the big one!!!... [post 1 of 2....stay tuned]
1-13-2013 Intel Guru Freeway Bill You know my friends, when I got into this, I knew it would take a long time. I knew it was a world changing event that could not just happen because we are ready to get wealthy. We are the sideline players. We don't know the plays, we don't know the rules and we don't know the game plan. We don't even know for absolute sure who the game callers are. We got into this, at least I did with the knowledge that the currency HAS to RV before Iraq can do anything normal like trade with other countries, etc. Is it coming? Absolutely! Is the rate going to be high? Sure it is! If it is $1.00, that is high although I expect it to be much higher, I can't say that with certainty. One day, and I feel it will be sooner than later, we will be shouting FINALLY. 1-12-2013 Newshound Guru Tlar Article: "Sadr: Maliki executing Biden agenda to divide Iraq and call for the appointment of Izzat al-Duri his advisor" For Maliki to even be considering this as an option this late in the game, he must be really getting desperate. He looks as though he may be grasping at straws in which to solve the problems that he himself has instigated. I believe it is too little too late.
1-12-2013 Newshound/Intel Guru BGG Article: "Finance Officer: Iraq has the right to withdraw part of the cash reserves in the Development Fund for Iraq." Keep in mind – the MoF is not the CBI…this is the GOI. Not only do they not have the standing to ask for this – outside of the CBI (another Maliki inspired – end run) – Iraq in general doesn’t get at this fund without the approval of the US, UN, CBI and possibly the IMF. But boy – do they want to get their hands on it – or what??
1-12-2013 Intel Guru SteveI Referencing Ocrush's post below: "Spyro said the iqd will revalue this month no matter what" [Ocrush's] statement is one I absolutely believe 300% as being true and factual. You better get your affairs in order because the time has now run out. It is going to re-valuate to the rate I told you in my previous post. [See SteveI's post dated 1-5-2013]
1-12-2013 Intel Guru Ocrush I called my second cousin a few days ago...My second cousin has many connections and we are close. He calls this investment " poor man’s investment to riches", in other words anyone can afford it and become wealthy. He gave me a name and asked me to research him. His name is Mohamed El-Erian. He is the ceo and co-investment officer of Pimco. On December 24 he was appointed by our President to head the US Global Development Council. Spyro said the iqd will revalue this month no matter what. Following up on my research with him and having a long conversation...Now I know how big this is for the US and why it has taken so long for it to happen.
1-12-2013 Newshound/Intel Guru Flashing everything is so positive that i have no room for doubts. [Do you think it will be the the double figures as some expect??] imo, range will be between $5 and $12, so i agreed with my sources on that. i am still confident about jan 15, iraq will be out of ch 7 this month so they need rv too. their 2013 expectations for agriculture, infrastructure, education, energy, industrial development etc. call for a tradeable currency.
1-12-2013 Intel Guru Footforward We have been seeing things about Iraq being split into 3 separate states, I do not believe this is going to happen.
1-12-2013 Newshound Guru Duckyboy Two small glimmers of light...First, Iraq just became the largest oil-producing country to be EITI compliant (an international mechanism to encourage transparency in the oil sector); second, the World Bank just pledged to provide Iraq with $900 million over the next four years, primarily to help it better manage its oil revenues. [post 3 of 3]
1-12-2013 Newshound Guru Duckyboy While Iraq is more stable, its institutions have gained in strength, and its economy in some ways is thriving, there has been little reconciliation between the country's groups and no development of a shared vision for the country--and therefore only a tenuous basis on which to move forward. The vote of no confidence route was tried last summer and failed... Maliki, in provoking the Kurds, the Sunnis, and the Sadrists (who are Shiites) all simultaneously, may have pushed his luck too far this time. [However], the chances of these groups staying united in parliament long enough to conduct a vote of no-confidence is still unlikely. [post 2 of 3....stay tuned]
1-12-2013 Newshound Guru Duckyboy The following was sent to me by my business partner. This lady knows Iraq very well. I still do not see an end to the RV in sight. Just because the banks are open on Saturday, does not equate to an RV, even if the intentions are to get the old dinar off the street. But common sense dictates that there will be no RV until the GOI is at the very least stable and that is not happening right now. [post 1 of 3....stay tuned]
1-12-2013 Intel Guru Winalot [did the banks open in Iraq?] yes...and cbi had an auction.
1-12-2013 Newshound Guru Tlar If Iraq were to come together today, their past corruption is none of our business and I believe the files held at our embassy would never see the light of day just as they have not for the past 6 years. This unfortunately is not the case. Its getting worse not better. I think our embassy has finally come to the conclusion that Maliki must go. The records that have been released are on Maliki, his son and the SOL is just the beginning.. No one else has yet been exposed. If it continues Maliki will be thought of as a pariah even by his supporters. The NA was warned last week that the US embassy has these records of corruption going back to the beginning of Maliki's term, 6 years. How much will have to be heaped on these guys before they see the writting on the wall is anyones guess. My guess is we now have 2 weeks left. Just a guess.
1-12-2013 Newshound/Intel Guru BGG There has been quite a bit of talk of either a “back door deal” leaving Maliki in place but somehow limiting his power and ending with a currency move. The fact is – they need the money. Both from their economy and the DFI fund. They are operating on less that 20% of their gross oil revenues (as I recall). On the other hand – at the same time, it appears as though the opposition to Maliki is very firm. They appear intent on balancing power in their democracy one way or the other. This is as good for us – no matter which way it goes.
1-12-2013 Intel Guru TerryK IF THIS IS DONE THE WAY IM BEING TOLD, THIS IS GOING TO BE A ECONOMIC RECOVERY. NOT A RV, NOT A RI...GET THAT OUT OF YOUR MIND. IT’S CALLED A ECONOMIC RECOVERY BECAUSE IT’S THE WORLD. NOT JUST IRAQ OR THE VDN, ITS EVERYONE. A ECONOMIC RECOVERY PLAN OF ALL CURRENCIES. AS I TOLD YOU...LAST NIGHT THIS CAN GO DOWN THIS WEEKEND AND WE SEE IT MONDAY, CASH IN MONDAY. I DON’T HAVE A RATE ON THE DONG...THE DINAR WILL BE 3.22. 1-11-2013 Intel Guru Footforward Why are the banks opening on Saturday. It is not to get the dinar off of the street, it's all been collected. The only people that have dinar in Iraq are the rich and those that are connected and who know what is going to happen. 99.99% of the people in Iraq do not have dinar, they use USD. So, why are the banks opening up on Saturdays? They are going to have a massive demand for people to go into the banks, so what situation would facilitate having the bands open an extra day? What if you have an RV & the people need to change their dollars for lower denoms. They are getting the people prepared for after the RV. I don't think they will be open just yet.
1-11-2013 Intel Guru BOBGETZ6 Frozen friend was somewhat excited about the banks being open, but cautious as to the reason. [Do you know if this is really extraordinary that the banks will be open on Saturday? Or is this a fairly common occurrence?] Extraordinary, IMO.
1-11-2013 Newshound Guru JustHoping [new guru] The past few weeks we have witnessed a tremendous amount of activity between Iraq and Kuwait. I do believe this is the final chapter prior to Chapter VII lifting on Iraq...the first quarter of 2013 could be a reasonable window of opportunity for Chapter VII to lift. ..there are still signs citizens are frustrated with worn out banknotes as well as the entire banking process. Economist are still lobbying for currency reform by “dropping the zeros” and printing new currency. But no word from the CBI on this matter...
1-11-2013 Intel Guru Delta [Delta...All the banks in Iraq have agreed to open on Saturday to sell dollars. And your opinion is that the CBI is trying to suck in the last of the 3 zeros before the release of the new rate? Is this what you believe to be happening sir?] YES. [After the release of the initial rate, do you believe it will take years or a relatively short period of time (1 year or less) for the rate to rise to its near maximum potential?] I DO BELIEVE THAT THE RATE WILL SURPRISE EVERY ONE...PLEASANT SURPRISE.
1-11-2013 Newshound Guru Doc The bottom line continues to be as its been. We are reminded that while the news is encouraging it has been in the past too. We can only sit on the side line and hope that this will be the time the issues are finally resolved. It has been reported that all is done like chapter 7 and the HCl but the reality is they have not. Each of these continues to be addressed politically but not signed off on and made public. We hope to see public announcements in near future but until then we sit and wait. We report, you decide. [post 3 of 3]
1-11-2013 Newshound Guru Doc There is more news of the CBI reporting its goal of a international currency. This to is excellent for our cause. To get there we believe things like chapter 7 and HCl would be resolved which would lead to a stronger currency. The other news from the CBI is a quote that the target for the dinar is 25 cents. While these reports have fluctuated in the past they all point to around a $1 or less. We continue to see no evidence of the rumored $3+ rates. [post 2 of 3....stay tuned]
1-11-2013 Newshound Guru Doc There are a lot of encouraging reports in the media these past few days. Our favorite is the Kurds basically thumbing their nose at Maliki and doing business without Bagdad. It definitely got Maliki's attention in that a delegation of the Kurds will be in Bagdad this weekend to negotiate a final HCl settlement. All joking aside we really need the Kurds and Bagdad to come to an agreement here. An independent Kurd state will not help our cause one little bit. If that happens a lot of the oil that would back the dinar would not be there anymore. Our opinion is the Kurds prefer a shared common government. [post 1 of 3....stay tuned]
1-11-2013 Newshound/Intel Guru BGG Article: "(Reuters) – Opponents of Iraqi Prime Minister Nuri al-Maliki on Wednesday demanded he appear before parliament for questioning in a second attempt to force a vote of no confidence, as the Shi’ite leader faced Sunni Muslim protests." This is a very big news outlet to be carrying this “mostly anti-Maliki” piece. More currently – they have submitted the request and enough signatures on it to summon him to Parliament for this questioning… a prelude to a No Confidence Vote in the absence of the POR (Talabani).
1-11-2013 Newshound/Intel Guru Flashing In order for Iraq to be released from ch 7 they need the blessings of the injured party (Kuwait) and the UN. The already had the blessing of Kuwait so they are only waiting for the UN. As I explained several times before Ban Ki preferred option is to move Iraq to ch 6 under the supervision of Unami...we are about to see Iraq moved from ch 7 to ch 6 , which makes the rv imminent. we are in a great position and on track. i am very happy and confident about our blessing and happy ending very very soon.
1-11-2013 Intel Guru Winalot looks like they published the tariffs...the tariffs are in the gazette...they are using the old tariffs, updated and published today...the exact ones from 2004...there are a total of 6 new laws published TODAY...it is excellent news. [Note: Winalot says it was tariff laws & not traffic laws.]
1-11-2013 Intel Gurus Mike & L.J. [BILL TURNER] ISX OPENED FOR TRADING IN NAJAF: GREAT SIGN OF PROGRESS; THIS WOULDN'T HAPPEN IF AN RV ISNT PLANNED TO HAPPEN SOMETIME SOON.
1-11-2013 Newshound Guru Adam Montana I myself have spoken to several of the banks that I am working with and they are all prepared to deal with the Dinar when the ReValue takes place, so I can't imagine MC and VISA would be any different. I'm sure MasterCard, VISA, the IRS, and several other groups have also prepared well in advance - that doesn't say anything about a potential date. I'm prepared for retirement, but that doesn't mean I'm retiring tomorrow!
1-10-2013 Intel Guru Amadden Just got off the phone with Terry [TerryK] and he has heard from 2 of his sources that this may go down tonight between 3 am and 4 am EST, a lot was said but I do not do short hand but the main part of it is that we could see this during that time period, and one of his sources said, cash in would not start till at least Monday of next week, so as always please stay grounded, treat as a rumor and hope and pray this info is true as it can be and we all will be getting off this ride soon.
1-10-2013 Intel Guru Frank26 they announced on Iraqia TV today that the CBI has asked as many Iraqi banks as possible to open this coming Saturday. The CBI itself will have an auction on Saturday...interesting. They are telling the Iraqi citizens on TV to come in and buy USDs with their IQDs. Is this a last nano second lifting of 000s from the streets of Iraq? It's such an unprecedented request by the CBI. Not only was the CBI Saturday info on Iraqia TV today but since Monday it has been on the CBI website on the Arabic side. The budget is to be voted on at least by this Tuesday.
1-10-2013 Newshound/Intel Guru BGG Article: "MP: completing 1st reading of limiting 3 presidencies’ terms law victory for democracy in Iraq" Article quote: "MP Ali al-Timimi...said...This step is a real victory for the democracy in Iraq since this law will move the dictatorship away from the country." This is some spectacular news!! They have been talking around the edges of this topic for some time now and BAMMMMMMMM!! There it is… “a victory for the democracy in Iraq.”
1-10-2013 Intel Guru Blaino IT ONLY SEEMS NATURAL THAT IT HAPPEN THIS WAY SO THE $ CAN 'STAGE' THROUGH THE ECONOMY AND WORK IN UNISON TO COMMENCE THE KIND OF FINANCIAL CHANGE WE NEED TO SEE IN THE WORLD.... AND WITH ALL OF THESE DEALS SHARING "NEW PAPERWORK" IN COMMON... AND CONSIDERING THAT BASEL III BANKING AND FINANCE ACCORDS WENT ACTIVE ON SUNDAY.... WHICH FORCES THE TRANSPARENCY OF FINANCE IN THE WORLD... WE MAY BE AT THE FINAL MOMENTS OF THE PRE-RV WORLD. [post 3 of 3]
1-10-2013 Intel Guru Blaino SUMMATION: THERE IS MORE ACTIVITY IN AND AROUND THE REVAL AND ALL OTHER FACETS OF THE DINAR THAN ANYONE HAS EVER SEEN... PANDA EXPRESS BELIEVES AS I DO THAT THESE MOMENTARY "LIVE" RATES WITH A BUY/SELL AMOUNT AND NO HOLDS IS TIMES DURING WHICH SOME OF THE TOP "TIERS" ("INSIDERS" THAT BY VIRTUE OF THEIR WEALTH, POSITION OR FAVOR HAVE GOTTEN INTO A 'SPECIAL' SITUATION OR AN INSIDER POSITION....NOT SOMETHING YOU CAN "BUY" INTO FOR $69) ARE GETTING EXCHANGED. [post 2 of 3....stay tuned]
1-10-2013 Intel Guru Blaino OUR EXECUTIVE LEVEL FOREIGN CURRENCY BANKER AT ____(A BIG 4 BANK)____ IN THE GREAT STATE OF ____(A GREAT STATE)____ HAS AGAIN REPORTED THE IQD HAS STOPPED THE WHOLE FLASHING DASHES THING, GONE BACK TO A $3.4X RATE.... AND... WENT LIVE WITH A BUY AND A SELL RATE (THE OTHER WAS $3.6X) FOR 9 MINUTES AND 38 SECONDS AT OR ABOUT 4:25PM CENTRAL STANDARD TIME TODAY..... THEN WENT BACK TO SHOWING ONLY THE $3.4X RATE WITH NO HOLDS, NO RESTRICTIONS, ETC... WHICH MEANS: IF YOU WERE IN A COMMERCIAL BRANCH OF THE _____(BANK)____ AT THAT TIME, WHEN A BUY/SELL RATE WAS LIVE.... THEY WOULD HAVE "BOUGHT". [post 1 of 3...stay tuned]
1-10-2013 Newshound/Intel Guru Flashing one thing is iraq internal affairs and the other one is the requirements of ch 7 and why they were under that ch., if they are released as expected the rv is imminent. iraq will be out of ch 7 this month...they are heavily considering to move iraq to ch 6 under the supervision of UNAMI. Remember the issues related to missing properties and persons have not been resolved yet and will not during the incoming months, however they could be handled under ch 6. they [sources] are very excited...remember, imo, still the same time frame work but rumors are getting stronger about anytime now particularly after midnight. [see Flashing's 1st post on 1-9-13 for his time frame.]
1-10-2013 Intel Guru DELTA FROM IRAQIA TV: "CBI TELLING ALL BANKS IN IRAQ THAT WILL BE OPEN ON SAT TO SELL DOLLARS." FIRST TIME EVER. WE ALL KNOW THAT THE CBI IS ABOUT TO RAISE THE VALUE BUT WE DON'T KNOW THE DATE, SO FOR THEM TO OPEN ON SAT IMO THEY ARE TRYING TO GET WHAT EVER LEFT FROM DINARS ON THE STREET. ASK YOUR SELF WHY THE URGENCY TO OPEN ON SAT. HEY CBI CAN'T YOU WAIT UNTIL SUNDAY.
1-10-2013 Newshound Gurus Mike & L.J. TALABANI IS FOR SURE INCAPACITATED, BUT APPARENTLY IT IS NOT YET POLITICALLY TIME YET, TO ANNOUNCE THAT TALIBANI CAN'T RETURN TO HIS PRESIDENT POST. PROTESTS ARE LIVING ON AND ON...AND BY THEMSELVES, ARE PUTTING THE MOST PRESSURE ON MALIKI. LACK OF PROGRESS ON FEDERAL COURT LAWS AND AMNESTY IS SPURRING THE PROTESTORS ON...AND THE PROTESTORS ARE GETTING TO MALIKI. IRAQ IS RUNNING OUT OF DINARS ON THE STREET, DUE TO IRAQI CITIZENS ARE HOARDING, EXPECTING AN RV ANY DAY.
1-10-2013 Newshound Guru Adam Montana [What, in your opinion, is the one act that will get the RV into gear and to the finish line.] I'm glad you asked that question...the HCL and what it means to Iraq as a whole, and also how the Kurdish are involved in it, and why it ties them together so strongly. The HCL is a huge deal, and we are seeing events happen that could push things along faster than I was thinking in the past. [do you think the Dinar will RV in January of 2013, or at least by the end of the first quarter 3/31/13?] I see this moving along much faster with the HCL initiatives taking place - so yes, first quarter is possible!
1-10-2013 Newshound Guru SWFloridaGuy This actually wasn't a RV or RI by the true the definition. It was a unique situation that only lasted a very short period of time and a completely different scenario then what we are seeing in Iraq. There are many rumors that Kuwait's rate went all the way up to $9 and everyone made a killing. These rumors were perpetuated by those who had ulterior motives to do so. None of this takes away from what we're expecting to see Iraq accomplish. It just shows that Kuwait probably isn't the best comparison and what we're expecting to see from Iraq will be something really special. In this regard, Iraq stands alone. [post 2 of 2]
1-10-2013 Newshound Guru SWFloridaGuy As far as Kuwait is concerned, they never revalued their currency. Technically it is possible that someone who was living in Kuwait could have bought in on the black market but the Kuwait Central Bank never adjusted the rate. They were occupied by Iraq and business was halted. Seven months later when Kuwait after they were liberated, the Kuwaiti dinar was restored as the country's currency and a new banknote series was introduced, allowing the previous notes, including those stolen, to be demonetized. [post 1 of 2....stay tuned]
1-10-2013 Newshound Guru Tlar Article: "Economic parliamentary: the crisis has affected the economy and very citizens began withdrawing their deposits from banks" [Dr. Shabibi's work and goals are beginning to erode.] At present, given the current situation in Iraq, this IMHO, is a good thing. Anything that quickly starts to erode, Maliki will be held responsible for. Watch as he is slowly but surely being pried out of his chair. Whether or not you realize it as it is happening, he is surgically being removed by rumors and rumors of rumors, sprinkled with hard core facts probably supplied by our intelligence community. His kid, his party and he himself are under an intelligence attack. Account numbers and hard core facts are being released every couple of days. Our embassy said they had files. They do.
1-10-2013 Intel Guru TerryK ITS NOT IRAQ THAT IS IN CONTROL. ITS THE UST AND THE IMF. EVERYTHING IS SIGNED OFF IN IRAQ. CHINA IS PUSHING HARD, SOME SAYING THURSDAY AND AT THE FAR END THE 20TH.
1-10-2013 Newshound Guru SWFloridaGuy The CBI will NEVER delve into specifics and for good reason. If I were the CBI and I was gearing up for a significant move (especially with all the hype surrounding the IQD), I certainly wouldn't be advertising anything. In fact, I would put out a huge disinformation campaign to discourage speculators. I am very optimistic about what the future holds as is the IMF, World Bank Report, Oil Report and countless independent studies that show Iraq has many options other than a straight RD. [post 2 of 2]
1-10-2013 Newshound Guru SWFloridaGuy If you look at what the CBI has been saying, the plan has been to bring the IQD somewhere on par with the USD. Delete the zeros in itself does not refer to revaluation and is not what we are hoping for. Delete the zeros does not specify how they will achieve that level and points to a RD. If they are going to change the peg to a PEP, broad based commodity, float, move forward with a historic revaluation (Romania former record holder at around 40%) etc., is of course 100% classified. [post 1 of 2....stay tuned]
1-10-2013 Newshound Guru Adam Montana My bottom line on the rate is this: I think the most likely case scenario is that we get an announcement at ten cents, and it is floating. We are given 90 days to cash in, and over the course of those 90 days the value could go up to as much as 30-50 cents... after that we are using new Iraqi Currency (which I will of course reinvest in) and over the next 5-7 years that will likely double as the Iraqi Dinar makes it's way to 1:1. [post 2 of 2]
1-10-2013 Newshound Guru Adam Montana [Will the dinar to dollar exchange rate need to be better (ie: 1 to 1) in order for the country to do more effective and easier business transactions, or does this even matter?] I don't think it needs to be "better", but an even 1:1 exchange rate would be so simple ANYONE can do the math - this is one of the things that tempts me to wonder if they will come out that high and then LOCK the rate until they recapture all the old (current) IQD. But to answer your question, no - it doesn't "NEED" to be any rate. They could just keep raising it 3, 5,17,135, or any number of pips they want until it finally reaches a final rate. [post 1 of 2....stay tuned] 1-9-2013 Newshound Guru SWFloridaGuy Another interesting development from an article dated tomorrow is that nine points the kurds demanded to move forward with the Erbil agreement/article 140 are back on the table finally. This Sunday the Ministry is sending a delegation to Baghdad to hold negotiations with the federal government to end the dispute and reach a "final agreement." Couple this with the CBI saying they are going international and I'd say we are looking very good indeed. Next week for a RV? There's nothing that will every point to a specific time-frame but I see no reason it can't happen in the short-term due to recent developments.
1-9-2013 Newshound/Intel Guru Flashing Iraq itself does not have much to do with the DECISION that needs to be made on Chapter 7. They have done everything they need to do, they are 100% compliant and there is nothing to legally prevent them from being released unconditionally from Chapter 7 IMMEDIATELY...removal from ch 7 = rv within the same month...we are in an excellent position.
1-9-2013 Newshound/Intel Guru BGG Article: "Urgent .. Parliament begins its meeting to vote on the mandate of the Prime Minister and the Federal Court Act" This is big, big, BIG news. I doubt they got to, or even will get to this immediately. However, the simple fact that they are approaching this subject with such resolve is a spectacular indicator!!
1-9-2013 Newshound Guru Adam Montana Iraq is moving forward more than back, and at the end of the day I'm only concerned with forward progress...they are in TIGHT control of the situation and until the cards are falling right... they're just not going to pull the trigger. Personally, I can appreciate this. I do NOT want to see them fail, especially after being so patient for so long. If it takes another week, two, a month, or even 6 months - I'd rather hang tight than see this all get wrecked by someone with an itchy trigger finger.
1-9-2013 Newshound Guru SWFloridaGuy Article: "Economic Committee: "The economic and investment committee to install Turki governor to manage the central bank to the attributes of the experience financial and personal internationally acceptable which will be good and positive for the financial situation in the country." This is an article from tomorrow their time and comes straight from the CBI, not an anonymous source. I need to look at this at some more depth but my initial reaction is that the CBI has decided to make the currency international and bring the value somewhere on par with other countries who have similar robust economies and a bright financial outlook. I haven't done my due diligence yet but my initial reaction to this is very positive...maybe this was what was needed for us to move forward.
1-9-2013 Intel Gurus SteveI and Ray We feel this ride is just about over now. After the budget approval, there will be no reason not to RV soon. The various government departments need operating monies (and they need it now) and we all know the budget was figured using the new dinar. We will report more as it gets to us. Let’s all pray that Parliament does vote tonight and not fight. There is a lot of great articles out there so just sit tight and hang on a bit longer. [post 4 of 4....stay tuned]
1-9-2013 Intel Gurus SteveI and Ray By the way, Maliki is not going anywhere anytime soon. Our contacts in Iraq feel that the elections will resolve the problem. Furthermore, if he goes this could delay the revaluation which the country just can not afford to do. Folks, we are so close, so let's pray for the leaders of Iraq to put the citizens of their country first for a change and move Iraq forwards not backwards. [post 3 of 4....stay tuned]
1-9-2013 Intel Gurus SteveI and Ray Another item, that was in a local paper this morning, was that Maliki received a letter from Ban Ki-Moon stating that the United Nations Security Council had approved the lifting of Chapter VII sanctions and that he, Moon, had signed off on it too. He was also informed that a formal United Nations meeting was going to be held later this month just for Iraq and the formal announcement would be made then. [post 2 of 4....stay tuned]
1-9-2013 Intel Gurus SteveI and Ray We finally have some very positive and great information to share with you all today. Contrary to what has been said elsewhere, the 2013 Budget has not been approved yet. They have not been able to get enough members at times to vote and yesterday they had fist fights in Parliament. They are scheduled to vote on it Thursday though. Everything in the budget has been agreed on and all they need now is just a lifting of hands. Many government agencies are screaming for them to hurry up because they need funding. The 2012 Budget has been closed leaving them without any money to operate. I feel this is huge and...it has been reported in many news articles. [post 1 of 4....stay tuned]
1-9-2013 Intel Guru TerryK Thursday is what im being told. However china tried to push it today...they are trying for 2 am est time tonight. I dont know if they will be successful. Let's not rush into anything. Let's just take this slow but this is really looking great with all thats going on right now.
1-9-2013 Newshound Guru Tlar It is only a fool who thinks he has solved this puzzle. RV, float or whatever. We have corrupt individuals running the show so there is absolutely no way to make any sense out of what's going on at this point. Look at this as a good book you are unable/unwilling to put down. We all understand the plot and probably the outcome but the story is yet to unfold as to how or when we will get there. Relax if you can. Be amused by the story. Watch the players for they are all just bit players in a B movie. Enjoy the entertainment. You've already bought the ticket. It will come when it comes and when it does, it will usher in a reward for your having been a part of it. [post 2 of 2]
1-9-2013 Newshound Guru Tlar Nothing said yesterday in Iraq can be counted on happening today. Plans change before the concrete dries. Shabibi's plan - Shabibi's gone. Shabibi also said do it first of the year. Did not happen. Earlier Shabibi said $1.00. Did not happen. We will just have to wait to see. Nassar said .25 per buck. Studies said $1.13 and recently they said they were going to 1000 to 1. Did not happen. We still have no facts and why should we? If you were in charge and going to raise the value of your currency would you ever reveal when or by how much? Oh, it's coming alright, but the two questions that we have all asked from the very first time we invested, how much and when, are yet to be answered. That's why I don't get too excited either way. [post 1 of 2....stay tuned]
1-9-2013 Intel Guru Okie_Oil_Man IT'S HARD TO KEEP THE FAITH WHEN PROMISES AND PROJECTIONS HAVE NEVER BEEN MET TO DATE BUT SOMEHOW THERE ARE A FEELING IN THE AIR THAT JUST PERHAP'S THIS TIME THIS WILL OCCUR--ONE THING ABOUT IT--WE DON'T HAVE LONG TO WAIT TO SEE IF IT IS REAL THIS TIME OR JUST MEMOREX. KEEP THE FAITH--WE ARE SUPPOSED TO BE REWARDED SOON. [post 2 of 2]
1-9-2013 Intel Guru Okie_Oil_Man I AM RECEIVING POSITIVE INTEL AND SOME THAT ARE NOT AS OPTIMISTIC. THIS WAITING GAME IS NEARLY REACHED A BREAKING POINT IN MY ESTIMATION. WE ARE STILL CONFIDENT IN THE FINAL OUTCOME AND SUCCESS OF OUR INVESTMENT BUT NEED TO ALWAY'S REMEMBER THAT AS WE APPROACH THE FINISH LINE SOMETHING ALWAY'S SEEM'S TO INTERVENE. PRAY THIS TIME THAT ALL THE SO CALLED OBSTACLE'S HAS BEEN REMOVED AND ACTION FINALLY OCCUR'S. [post 1 of 2....stay tuned]
1-9-2013 Newshound/Intel Guru Flashing 0000000 bad news, everything is excellent...the fat lady is her way to the stage. imo, january is our month and still confident about jan 15...we still in an anytime alert. if u r following ch 7 meetings news today they are on line with our previous comments...they will be removed from ch 7...this means that the rv is upon us... imo, it cannot go into february. facts are solid...it could be tonight or any day between midnight and 4 am.
1-9-2013 Newshound Guru Adam Montana Kurdistan just recently played what may be a "Power Card" - they've begun working outside of the GOI and doing business on their own. There have been oil sales and deals struck which completely excluded the GOI - any time oil is sold from any regioin in Iraq, a portion of that money is supposed to come to the Central Bank. Kurdistan is apparently disregarding that fact. This is different than the normal "huffing and puffing" - this is a serious play. This means that if they want to move forward, they are going to get SERIOUS about resolving the HCL... and if you've been following the Dinar for long, you know that the HCL is a major key to the future rise in the value of the Dinar. [post 4 of 4]
1-9-2013 Newshound Guru Adam Montana There has been talk for some time now that Kurdistan would simply love to split apart from Iraq, and the thought is that they will do this if Iraq is not going to step up and increase the value of the currency. They feel like "Why should we wait around for these people to get it together when we can just secede, form our own country, and our own CURRENCY, and move forward?" This is not the BEST case scenario, and both Kurdistan and Baghdad is well aware of this - the BEST CASE SCENARIO is for Iraq AND the Kurdish region to move forward together, raise the value, raise the power, and succeed. [post 3 of 4....stay tuned]
1-9-2013 Newshound Guru Adam Montana HCL is another story - that IS Iraq's baby, and they DO have everything to do with it. For those of you that don't know, the HCL is the "Hydro Carbon Law" - it's a HUGE deal for Iraq, because it influences and even controls where the money goes when they sell oil, who can sell oil to whom, and very significantly - what the Kurdish region of Iraq can do with it's share of the resources. [post 2 of 4....stay tuned]
1-9-2013 Newshound Guru Adam Montana Fiscal Year 2013 for Iraq is here. This means nothing by itself, but now that we're past that mark we can start looking for more important stuff... like ratifications and serious votes on serious matters such as foreign policy, Iraqi banking and financial structures, and most importantly - HCL and Chapter 7. Now, Iraq itself does not have much to do with the DECISION that needs to be made on Chapter 7. They have done everything they need to do, they are 100% compliant and there is nothing to legally prevent them from being released unconditionally from Chapter 7 IMMEDIATELY. [post 1 of 4....stay tuned]
1-9-2013 Newshound Guru Kaperoni Article: "Iraq announces closure of its borders with Syria and Jordan" makes one wonder if they about to do something with the dinar? or is this just what they say it is?
1-9-2013 Intel Guru Blaino THE REVAL OF ALL THESE COUNTRIES AND THE "GLOBAL RESET" ARE SECURELY IN THE HANDS OF THE IMF, THE WORLD BANK AND OTHER GLOBAL BODIES WHO WILL NOT RELEASE ANY PART OF IT UNTIL ALL THE VARIOUS COMPONENTS ARE IN PLACE AND PREPARED IN ALL RESPECTS FOR THE TIMED AND STAGED RE-SET. [post 2 of 2]
1-9-2013 Intel Guru Blaino I AM EVER MORE CONVINCED THAT NOTHING NEEDS TO BE DONE INSIDE THE POLITICS OR GOVERNMENT OF IRAQ TO FINALIZE OUR GOALS FOR THE RV...BUT RATHER IRAQ IS THE CONVENIENT EXCUSE FOR STALLS AND DELAYS. IF THE REAL REASON(S) WERE REVEALED, THE CLAMORING FOR THE REVAL WOULD RAISE SUCH A DIN AND RACKET THAT NO ONE WOULD BE ABLE TO HEAR ANYTHING ELSE. [post 1 of 2....stay tuned]
1-8-2013 Newshound/Intel Guru Flashing articles are confirming what i have been saying for some weeks...imo they will be removed from ch 7 during this month and the remaining issues will be handled under ch 6 by UNAMI... imo it is a done deal...could be tonight, rumors, but facts are supporting some rumors.
1-8-2013 Newshound Guru SWFloridaGuy The IQD not being a convertible currency is a severe hindrance to conducting business internationally. There were several reports from the CBI last year that pointed to early 2013 as target date for currency reform. How long this will take is anyone's guess but I think we can all agree that economically Iraq is headed in the right direction.
1-8-2013 Newshound Guru Tlar The central bank just guaranteed the Letters Of Credits. This is a major step forward but if you consider that they just stated there is approximately only 100 or so banks in Iraq, each qualifying for their license to be a bank with total assets of only 280 million dollars, there truly is not enough investment capital sitting in these banks to finance the new Iraq. Let's see 100 x's 280 = 2.8 billion with which to build a country assuming every dollar is put to work. The banks are still are woefully under capitalized. Even so it is still an improvement from where they were. They need to go back to work and find another way to finance their society or they need to change the value of the currency sitting in those banks which indirectly increases their assets. [post 2 of 2]
1-8-2013 Newshound Guru Tlar Article: "Finance Committee of the Parliament of Kurdistan check about the force of liquidity in banks" I'm not sure but if I remember correctly. Shabs required each bank to increase their capital to 250 - 280 million dollars in order to keep their licence to be a bank. That is not very much assets. By the time the bank makes any loans at all they are broke, no cash. I think this is what they are talking about. How do you expand the economy with no money. [post 1 of 2....stay tuned]
1-8-2013 Newshound Guru Kaperoni [What are the consequences of the Feb 23rd deadline?] If the IMF wants, they can give them an extension though we see no signs of that yet. If they fail, and there is no extension, as I mentioned above the recourse is calling the loans, or sanctions on Iraq. Paris debt agreement was also contingent on Iraq following the guidelines and agreements put forward by the IMF, WB so they risk the debt agreements as well. Hang on...its a tough ride, but hopefully it will end soon.
1-8-2012 Newshound/Intel Guru Flashing [Flashing u still think before 15 th?]. Yes I do. IMO, the RV will happen during wee hours. All rumors are excellent. It should happen anytime now.
1-8-2013 Intel Guru Ocrush You see these procedures that needed to be done to implement the draft law were to get the private banks going. All is done. The only thing the CBI can' t do is approve the release of the new denoms...this is parliaments presidency that needs to activate and approve and in turn he was waiting for the budget to be finalized by the finance committee, which I was told was completed today!!!! [post 3 of 3]
1-8-2013 Intel Guru Ocrush I was told this is finished. Most private banks are good to go, except for a couple that will pay fines and would be allowed to participate within 30 days. These were the procedures that were stopped by the GOI back in MAY 2012 because they needed to complete their studies. My belief is they (goi) knew the RV could not take place till the new fiscal year. I believe back in February and May Saleh stated the process of deleting the zeros can’t be implemented until early January 2013. [post 2 of 3....stay tuned]
1-8-2013 Intel Guru Ocrush It seems the finance committee has completed their task!! This is what is going on with the CBI. Back on Dec 31 2012 the CBI started the process to implement their monetary policy. There were certain procedures that needed to be finalized with the private banks. These procedures included for the private banks to participate in the exchange of currencies through their windows. On January 2nd (wednesday) they were to submit their applications (audits) to the central bank of Iraq for approval. [post 1 of 3....stay tuned
1-8-2013 Intel Guru Bear5642 Spoke to my Iraq contact late last night. There was a misunderstanding of info. Documents had to be received first then implement the rv. This is done. He told me it would no go any further than January 10th. He did not foresee any further delays.
1-8-2013 Newshound Guru Duckyboy It's been a FEW of months since I put anything out. All GOI politics aside, the banks in Iraq have to be ready for this and I have read nothing showing that they are ready. There has to be a consistency in how a government operates. The GOI is kind of messed up and in order top RV, they have to get approvals from the IMF/BIS. Ask yourself one question without taking into consideration your needs: Would you approve the RV if it were up to you? Finally, all of this just may be a bunch of smoke and if it is, something completely different may appear in the form of an RV.... or not! Yes, I am hopeful that this does happen soon.
1-8-2012 Newshound/Intel Guru Flashing There are some saying that the UN will stay in Iraq and will hold them under ch 7 because of the political instability and my question is why, UNAMI is there. Iraq will be removed from ch 7 to ch 6 and UNAMI will handle those internal affairs as we as the issues related to missing properties and persons. Everything is very positive. Facts are out there. We are very very, very close.
1-8-2013 Newshound/Intel Guru BGG The reason is – if Maliki doesn’t get his deal in writing before they polish off the Fed Courts Law (and it looks like they will – with some recent defectors), he’ll have no leverage whatsoever. Now is optimal for him to do a deal. However, if he actually believes he’ll stay put (without giving anything up) for four more years…better for the opposition to push through now as well. Either way – good for us. [post 2 of 2]
1-8-2013 Intel Guru Blaino there will be some release over the talibani matter, baghdad seems to want to hold that one close to the vest for NOW... He was the pacifier for the trigger happy KURDS... And maliki is scared of them (HINT... They have semi automatic rifles!!! Getting a hint now?) our contacts have their own sources and connections...It comes all the way down the line from the point of it's origin in the halls of parliament and the finance ministry...But they long ago gutted the leakers and it's tough to get anything NOW...i'm now watching the next 4 to 9 days very CLOSE.
1-8-2013 Newshound/Intel Guru BGG Article: "Maliki waving to the possibility of winning a third term." There it is folks – Maliki intends to run for a third term (or steal it again) – no matter what Parliament says or does. Forget whether it is constitutional – he thinks he’s stayin’! I also had another excellent conversation with a source earlier today…we believe based on this very push there will some significant push-back against Maliki or he will fully commit to some “last-minute deal”. [post 1 of 2....stay tuned]
1-8-2013 Newshound Guru SWFloridaGuy Traders choose a currency pair that they expect to change in value and place a trade but what matters to us is that the IQD is not freely traded and is not being used in any significant international transaction or on any legitimate foreign exchange, although there are plenty of dealers around the world, which are largely unregulated. This will not show up suddenly and start trading on FOREX, that much I can promise you from speaking about this at great length with professionals who know far more about this then me. [post 2 of 2]
1-8-2013 Newshound Guru SWFloridaGuy Netdania and Yahoo Finance type sites...are not FOREX brokers/market makers and a poor proxy for volume, riddled with anomalies...that usually coincide with trading session openings. The spikes are directly related to the volatility of the USD or simply malfunction. Real FOREX trading is done through a broker or market maker. [post 1 of 2....stay tuned]
1-7-2013 Intel Guru Blaino i have been in conversation with several of our better contacts...Here is the gist: there is a guarded optomism in baghdad that we are teetering on the BRINK...Wobbling...we have been wobbling a long long time! The concurrence was that "this feels different"...So, if we live on feelings...We ought to be very excited! I try not to let enthusiasm run off with ME...But even i feel ... Different...there does seem to be something happening re: the 000 notes and their being changed, recalled PERHAPS...As some of our own large denominations were, but they are still viable as money. there is a lot of stuff out there about "this week!" and "tomorrow"...But this time, there may be a lil more substance to it than in times gone by!
1-7-2012 Boots On The Ground Guru War I have just returned from the bank of Baghdad, there are still no lower denominations at the bank at this time, the exchange rate is 1170 but on the street, the rate is 1248. Ali my bank manager friend said that the dollar is in great demand at this time and that everybody’s looking to buy dollars. They still have no faith in the Dinar. That is all the information that I have at this time, be safe and I will correspond later.
1-7-2013 Intel Guru TerryK THEY ARE TALKING ABOUT DROPPING THE 000 AND MAKING THIS LIVE. THEY ARE ABOUT TO RV THE CURRENCY. THEY ARE PINGING 194 CBI'S CURRENTLY. STILL HEARING 3.86 IS SOLID AND .478 DONG AND BOTH WILL FREE FLOAT THURSDAY. NOW FOR THOSE THAT DON’T UNDERSTAND THE 3.86, IT’S WHAT AGREED TO IN THE BUDGET IS. IT WILL RISE. THAT’S THE ONLY WAY CBI HAS BEEN GIVEN THE POWER TO ADJUST. [post 2 of 2]
1-7-2013 Intel Guru TerryK DO YOU KNOW HOW CLOSE YOU ARE TO BEING WORTH MILLIONS? I HAVE NEWS GOOD NEWS. NOT RV NEWS BUT PUTS IT ON TRACK. NOW I WILL TELL YOU THIS - I HAD A CALL EARLIER TONIGHT. THERE ARE PEEPS IN IRAQ RUNNING IN THE STREETS WAVING THE USA FLAG. I’M HEARING THAT THE CBI IS READY. [post 1 of 2....stay tuned]
1-7-2-13 Intel Guru BOBGETZ6 He [contact] says we are so close, he might not sleep tonight...it is only his opinion based on lifelong personal contacts. So we wait.
1-7-2013 Intel Guru SteveI [Referencing Delta's post below] Excellent if true. It does fit our timing so just maybe this could be it? We are still working more information.
1-7-2013 Intel Guru Delta URGENT URGENT URGENT...JUST IN FROM IRAQI TV (ALFAYHAA) THE PROCESS OF DELETING ZEROS IS *COMPLETE*, AND THE CBI IS GETTING READY TO IMPLEMENT. THIS IS THE END OF THE SONG AND THE LAST DANCE. THE NEW GOV [GOVERNOR] OF THE CBI GOT THE POWER TO INCREASE THE VALUE OF IQD AT ANY TIME HE WANTS, AND WE ALL KNOW THAT HE GOT THAT POWER FROM THE BOARD OF DIR OF THE CBI.
1-7-2013 Newshound Guru Kaperoni Article quote: "it would serve the citizen and the national economy, considering that groups large will turn into a thousand small unit" That is another great quote...clearly meaning to me...that larger 3 zero dinars will turn into a thousand smaller dinars. Which shows that the dinar will be honored at it's printed face value (no LOP). Love it!
1-7-2013 Newshound Guru Fresh until we are out of January - it's like betting on your team already winning the Superbowl while we have the playoffs ahead of us... we need to give January time... very key month for some "leftovers" from Dec 2012 and some very encouraging progress IMO! it's just now starting to heat up after the lazy new years.
1-7-2013 Newshound/Intel Guru BGG Article: "Urgent…Reveal details of the closed-door meeting of heads of parliamentary blocs and what was agreed upon on the demands of the demonstrators" “With regard to the law of the Federal Court, it was agreed to put it on the agenda at one of the sessions of Parliament during this week.” If this was all they accomplished this weekend (and I’m sure it’s not) it would have still been a historic event. This should help seal off any avenue of retreat Maliki will have once they move against him directly in Parliament. It’s not as if they have other options. Maliki is angling for a 3rd term. It’s now – or keep dealing with him for years. It’s not as if he’s out with the next elections (with any certainty).
1-7-2013 Newshound Guru Tlar Once again he stands between the RV and us. I hope at some point we get the real reasons for his anti Iraq stance. Why he wants to stop all progress of the country. I hope we don't find out in the end that he has duel citizenship, That he is both an Iraqi and an Iranian citizen, but feels that Iran's needs and wants come first so he takes his marching orders from them. Wouldn't that be a cruel joke. [post 2 of 2]
1-7-2013 Newshound Guru Tlar Article: "Parliamentary Finance: reset the currency project has been postponed because of the successive political crises" I haven't quite figured out why Maliki wants absolutely no progress in his country. He has been at the heart of everything good for Iraq stalling or stopping its progress. Everything from the HCL, Article 140, Tariffs, Ration Card and the removal of the zeros. He has sided with the pahrias of the world against the civilized world and is presently stoking the fires between the different sects in Iraq while pretending to be the only statesman for the state of all sects. Its as if he does not want his country to go any further than the day he took office. [post 1 of 2....stay tuned]
1-7-2013 Newshound/Intel Guru Flashing imo, we still anytime now within my time frame. Unfortunately the rumors about yesterday didn't become a reality, but everything still excellent. Today you will see some smoke in the media. Don't pay attention to that. We are in an excellent position. just remember that UN cannot hold their report and its decision for long time. so we should expect it any time now. My time frame still the same until Jan 15.
1-7-2013 Newshound Guru Kaperoni Article: "Economist: need to delete three zeros project this year to support national currency" Some very good information in this article. Though it is from an economist, and we cannot tell when it will happen, it does add more confirmation to the fact that there is little to no dinar left as a result of the auctions. He requests that they impliment this event this year (which we know from numerious articles it must occur at the beginning of an accounting year). It also adds another voice in support and requests the GOI (Maliki) support this. We can ony hope.
1-7-2013 Newshound/Intel Guru Flashing remember that in late november the greece budget agreement was approved, during december and january kuwait and iraq agreed on kuwait airways, during the 3 months period ended oct 31 iraq quadrupled its gold reserves to support their currency, during december they started the border markers and are on the last phase of it, etc...they are taking care of issues that were a threat for the international security and peace...beside rumors, a lot of articles indicating iraq is taking care of pending issues. they will be moved from ch 7 during this month so they need to rv...we are in an any time now alert.
1-7-2013 Newshound Guru SWFloridaGuy • The CBI will be able to intervene through regulatory powers and control the money supply and work to keep the IQD near the official (most likely unofficial actually) target rate. • Only at this point can we can expect to see a substantial arising onto the foreign exchange market. I hope this serves to clear up the confusion...I do believe that one day (hopefully very soon), the IQD will be traded on FOREX. [post 3 of 3]
1-7-2013 Newshound Guru SWFloridaGuy • When the time comes the CBI will get the signal from the Executive and legislative branches to initiate the implementation. • Once they get the go ahead they will set a goal rate then send it to the BIS for approval. • At this point the BIS subcommittees (Central Bank members) will approve the target rate and regulate capital. • Once approved the new rate will be sent to all central banks around the world simultaneously and this is when you will get the first opportunity to see the rate. [post 2 of 3....stay tuned]
1-7-2013 Newshound Guru SWFloridaGuy I'm going to lay out the actual process that a revaluation must go through before it can go live to try to help clear up some confusion. The IQD is not traded on FOREX and will not show up there first. This will not show up suddenly and start trading on FOREX...When a country/Reserve bank changes the value of a currency there are certain procedures that will take place long before it starts trading on FOREX. Here are the actual steps we should be looking for: [post 1 of 3....stay tuned] 1-6-2013 Newshound Guru Doc We are encouraged of reports of a shortage of dinar within the country. As we reported many months ago Shabibi was "retiring" dinar which we applauded as a very efficient way of not having a lot of dinar in circulation prior to a RV. All reports indicate this was accomplished. While this does not indicate the RV is "any moment" we do concede it to be a necessary step. Keep in mind though the country still functions on USD and can continue to do so. All-in-all this is a positive confirmation. We report, you decide [post 2 of 2]
1-6-2013 Newshound Guru Doc We continue to have a hard time getting excited in the short term with Maliki running around doing whatever he can to upset the apple cart so to speak. Simply put the GOI is not to stable. Recent reports talk about dissolving Parliament. It would be tough for the international community to have confidence in Iraq's currency when the GOI is changing daily. Secondly, despite reports...HCl is not a done deal. And until it is done the assets to back the dinar are not secure. Because of this we continue with our opinion the likely hood in the immediate near term of currency reform is low. As we finally see these issues resolved we should see the fruits of our investment realized. [post 1 of 2....stay tuned]
1-6-2013 Newshound Guru Mailman17 I WAS WAITING A LONG TIME FOR MALIKI TO CUT HIS OWN THROAT. PRAY THAT PARLIAMENT STAYS STEADFAST IN THEIR CONVICTION AND DOES NOT LET MALIKI WORM HIS WAY OUT OF THIS. SO SUNDAYS THE BIG DAY...WE WILL WAIT....WITH FINGERS CROSSED.
1-6-2013 Newshound Guru Bondlady [So do think there is any validity to this emergency session to do a vote of no-confidence?] its not for a no confidence vote, its for laws and their wanting to amend the amnesty law and pass it too. its one of the demands of the protestors. see they're trying to pass a basket of laws - budget, hcl, art 140, amnesty and infrastructure...but to pass those there is fighting because someone wants the amnesty law as it is which basically frees everyone and no one is held accountable for crimes. so they stop the other laws that need to be to get their way but malikis given them a big thing here...maliki' pretty much told them this is the last chance to get their act together...either do the laws or he could dismantel parl and call for early elections and form the majority gov...we have to have these laws too, these laws bring on what we want.
1-6-2013 Newshound Guru Kaperoni As our political expert Kirk Sowell said he gave little chance of a NC vote as it would take 163 votes which would be unlikely without some of the Maliki's party attending. And even if they wanted to, it would require a request (7) day to interview Maliki first. He did say, he felt that political blocks would support (and get 163 votes) a vote to dissolve the GOI/Parliament if new elections were held. I have to stand with his view. I might add, that the fear I have if they dissolve the GOI/Parliament in favor of new elections, Maliki would simply delay such an event, thus become a full dictator. I don't know if that is possible or not, but something to consider.
1-6-2013 Intel Guru Bear5642 he [Iraq source] called me back late last night and said it's a go for the RV. He told me to watch for it after 5pm eastern. We have another source from Iraq who is telling us Monday. I have someone with a Forex account who is watching his screen to call me. some documents had to be delivered today and the package did arrive as expected...The package was delivered in Iraq to associate...done deal. I will come back... after 6pm central...I am hoping to get an update sometime around 3pm central.
1-6-2013 Intel Guru BOBGETZ6 The KWD is about $3.55 to the USD. That should tell us something. Why would the IQD be less? If it did come out at one to one, the market would drive it up fast and big time.
1-6-2013 Newshound Guru Kaperoni I read somewhere today that Jan 6th will be the official holiday (new national day) acknowledging the official day the troops left Iraq. When I go back to the creators of the "delete zeros" plan (Shabs and Fadel) there was an interesting statement..."Here, it must be noted that the responsibility lies with the Central Bank of Iraq in the case of the decision to move to the application of this procedure where it should be the process smoothly without any problems and that the new dinar will be announced to start a new era, not just the currency removed zeros but also gives hope to the end of the time of war, sanctions and inflation " What better time than on the anniversary?
1-6-2013 Newshound/Intel Guru Flashing [we looking good for this week still?] very, very good based on rumors. tonight could be our night.
1-6-2013 Intel Gurus SteveI, Ray & Ocrush --> Now parliament is suppose to meet at an extra-ordinary meeting this Sunday, lets see how this plays out. Furthermore, they are calling this one "Historic". I have never seen anything like this ever, so this must be very important. Our personal feelings are that we should see the revaluation in the coming days. There is no other logical explanation for them not to show there hand. Believe me.....if there were any negative outcomes, we would have known by now, but everything seems to be hush-hush and behind closed doors. There is only one reason for this, and I think you all know what it might be. Please stay patient for we are at the end of this ride one way or another. [post 5 of 5]
1-6-2013 Intel Gurus SteveI, Ray & Ocrush --> The Chapter VII issues have been resolved but they have not come forward yet, and we feel that Kuwait's Emir is the one to follow. The United Nations has had many meetings including one recently that was behind closed doors. This was for a reason. All three of our contacts are hearing and feeling that Chapter VII was accomplished, but it has not been formally announced. We think the reason for this is that this is Iraq's party so they will wait and announce it simultaneously with the new 2013 budget. Again, this is our opinion and also that of our contacts. We feel something this important needs to be announced by Iraq. [post 4 of 5...stay tuned]
1-6-2013 Intel Gurus SteveI, Ray & Ocrush Here is a fact that was in the news that I think many folks missed. For the first time that I can remember, Iraq has officially closed the accounts (books) ending in the year 2012...from what I do recall, it was always carried over from year to year. So we all feel that if you close the accounting budget (books and accounts) for the year end 2012, in order to get monies from the Ministry of Finance for 2013 you will need to open the new budget. Do you see where we are going with this one? [post 3 of 5...stay tuned]
1-6-2013 Intel Gurus SteveI, Ray & Ocrush --> We know that the Government of Iraq (GOI) did not go on vacation when they were suppose to (November 14th until December 14th 2012), and you all know how important there vacations are. --> We know that the 2013 budget has gone back and forth between the parliament with the final adjustment, and the Prime Minister has signed off on it, and the Finance Ministry has ratified and submitted it back to parliament for final approval and vote to be put into law. [post 2 of 5...stay tuned]
1-6-2013 Intel Gurus SteveI, Ray & Ocrush As you all know we try our best to give you verifiable information. It is extremely important for all of us to stay focused and not jump to conclusions but trust me, this is getting harder and harder as every day passes. One thing we could share with you is everyone has calmed down! For what it is worth, the banks and ISX are closed until the January 7th. Our suspisions are we are very close! This statement is a gut feeling from the three of us and we cannot provide any solid facts to prove that we are really that close to having Iraq revalue their currency. So let's go over the facts that we do know: [post 1 of 5....stay tuned]
1-6-2013 Intel Guru TerryK Why i said the first of the week is what is on the schedule. Maybe as soon as tomorrow [Sunday] night to see or hear it.
1-6-2013 Newshound Guru Mailman17 KUWAIT BEING ALL FINE IS STILL NOT CHAP 7, ITS JUST A PART OF IT. WE STILL NEED ART 140 AND ESPECIALLY THE HCL THEN AND ONLY THEN WILL THE UN CONSIDER LIFTING 7. BUT ALSO PLEASE REMEMBER 7 IS NOT NEEDED FOR THE RV. THE BUDGET SHOULD GO THROUGH IN JAN AND THAT IS WHAT I THINK IS THE KEY TO THE RV. LOTS OF NEWS REGARDING NOTES ETC., RATES ETC. STAY FOCUSED ON WHAT WE KNOW - SHABS TERMS - ON PAR. I DO NOT THINK THEY WILL COME OUT LOW AND FLOAT TO A BUCK.
1-6-2013 Intel Guru Bear5642 Greetings everyone...just got info out of iraq. i have to be careful because i dont want to get him in trouble over there. this contact will be there all week and is waiting specifically for you know what. he told me and my friends...We will see it Monday. We have another source saying it will occur sunday. my source he is stating he is having difficulty getting through to us. my source is in iraq for only one reason and is to confirm the rv for his associates in china. i will come back... tomorrow...to bring an update. i hope my contact can get through to us. *** 1-5-2012 Dinar Guru NEWS FLASH *** Major news coming out of Iraq. Protesting Iraqi citizens have been in the streets of Iraq for DAYS...it appears they have been noticed. Pressure is mounting on the PTB. Parliament has scheduled an emergency session for Sunday--articles suggest this is for a possible No Confidence vote of Maliki. Reports are Maliki will request the VP of Iraq (Since Talibani is out with illness) to dissolve Government AND Parliament in two days. We're about to see if this is a high stakes game of Political Chicken or if one of these groups is serious. Stay tuned as the gurus report...we'll keep you updated on the latest.
1-5-13 Newshound Guru SWFloridaGuy Iraq has many options and there is no doubt it's just a matter of time (in my opinion of course). I also recognize that the CBI has many options and I certainly don't have the arrogance to pretend to know which options they will choose. I do think this will be our year though (finally), only time will tell. [post 3 of 3]
1-5-13 Newshound Guru SWFloridaGuy Iraq currently has $60 billion in foreign currency reserves. In the 70s, when their former currency boasted a much larger value, Iraq's foreign reserves were only 35 billion. As CBI reserves grow, so does their credibility. I have come to the conclusion (after over 2 years of non stop research) that the NID will reach former levels the former IQD saw decades prior. [post 2 of 3....stay tuned]
1-5-2013 Intel Gurus SteveI, Ray & Ocrush [platinumroof's post] "I have decided to break my silence and reveal my understanding of truth surrounding the Iraqi Dinar. First, I am married to an Iraqi born citizen who works as a foreign affairs delegate for the Iraqi Government. We are are heavily invested in the Dinar as many government people are. My husband speaks many languages and works exclusively with other country's that are investing in Iraq, the two major countries are the United States and China. I am running a huge risk for putting out this delicate information, but at this point, it is to far along in the process to matter. The Iraqi Dinar is set to revalue prior to the 10th of January barring any hang ups, (which are common) it should show at a rate of $3.42 and experts are expecting it to rise fairly quickly from there. Yes, it could be delayed, but if it is again, it will be only for a very short time." [post 2 of 2]
1-5-2013 Intel Gurus SteveI, Ray & Ocrush There are a few things we cannot verify yet, but I think in the upcoming days what we are trying to verify will become very real and in the news. I really never had a chance to comment on the post by our member platinumroof on January 1st. Everything in that post seem to be spot on and a rate within a few cents of what we feel and that I have stated for some time. Also from the recent news, the timing could be pretty close. [post 1 of 2....stay tuned for platinumroof's post]
1-5-13 Newshound Guru SWFloridaGuy I tend to think that infrastructure is very important but despite the fact that Iraq needs to overcome some challenges relating to infrastructure, institutional reform, hydrocarbon sector, political stability and security, their economic reforms can proceed regardless. [post 1 of 3....stay tuned]
1-5-2013 Intel Guru TerryK CHINA WANTS THE VND ASAP. SIT BACK AND WATCH. 194 COUNTRIES SIGNED THIS WEEK ON THE AGREEMENT. THEY WILL DO A REBOOT.
1-5-2013 Intel Guru TerryK I HAVE GOTTEN 4 CALLS THIS MORNING. WE ARE ON TARGET. THIS IS HAPPENING. WE WILL SEE THIS COME TO AN END WITHIN DAYS. THIS NEWS IS REAL.
1-5-2013 Newshound/Intel Guru BGG Interesting headlines...New York Times..."Iraqi Prime Minister Faces More Calls for Resignation" "A political crisis facing the Shiite-led government of Prime Minister Nuri Kamal al-Maliki of Iraq appeared to escalate on Friday, as more political rivals called for his resignation and for early elections. In addition to the political arena, demand for change echoed in the streets as demonstrators expanded protests in major Iraqi cities."
1-5-2013 Newshound Guru Tlar Article: "Economist: the problem of low liquidity includes all of Iraq" Low liquidity means just that. Not enough dinar. The only thing that will change this is the release of the smalls. The only thing that means is RV. This is what the beginning of the end looks like . They have bought enough dinar up that there is no longer enough in circulation to handle the needs of the economy. Articles like the above only stand to confirm my conviction that we are close.
1-5-2013 Newshound Guru Kaperoni Article: "Economist: the problem of low liquidity includes all of Iraq" Liquidity is the currency (dinar) in circulation. This article is stating that the entire country is low on dinar. They then go on to explain how that occurred (banks not following rules and currency leaving the country -only dollars makes sense). The most important point I take away from this article is it is more confirmation that there is a declining amount of dinar in Iraq. That the auctions have been one of the main reasons for that decline (latest article to include all bank in auctions will only make that worse). And we already know from previous articles the condition of that dinar (ripped, torn, glued, taped, etc). Therefore, something must be done to preserve the currency and prestige of the New Iraqi Dinar (NID) soon.
1-5-2013 Intel Guru SteveI All I can say is we are right there, and I mean very close. Stay positive.
Read more: http://www.dinarguru.com/index.html#ixzz2HOwGi61H
1-4-2013 Intel Guru TerryK SO NO RV THIS MORNING BUT DID GET A CALL 30 MIN AGO AND TOLD ME TO WATCH FOR IT TONIGHT AND WE CASH OUT MONDAY AGAIN. IM HEARING THAT FROM 3 SOURCES.
1-4-2013 Newshound Guru Enorrste Article - "Economist: the problem of low liquidity includes all of Iraq" This...may reflect the fact that Shabibi has been largely successful in removing the large notes from circulation in the country. I believe the second paragraph refers to the plan to introduce a new currency and is saying that this should occur as soon as possible. I think that the phrase "lower the value of the dinar" is a mistranslation, since it is contradicted by the remainder of the sentence, which refers to the "good value" of the dinar. Therefore I say that this article is recommending going ahead with the change in the currency, which other articles from Parliament are saying is now imminent (beginning of THIS year). I believe the phrase "lower its value against other currencies" means going from 1166 per dinar to a "lower value" per dinar, which really means INCREASING the value of the dinar.
1-4-2013 Newshound Guru SWFloridaGuy So, this is no small matter for Maliki and he should be very concerned about it because he could be brought up on a lot of corruption charges and even charged with crimes against humanity. Not to mention he still hasn't even provided basic services for the Iraqi people. I have a feeling he knows how to walk the edge though and he'll push things as far as he can without being removed. I could be wrong though, the arrogance of these dictators never ceases to amaze me. [post 2 of 2]
1-4-2013 Newshound Guru SWFloridaGuy There's a lot of talk about Maliki being removed. Anything is possible but Maliki is one slick dude. He has been very stubborn and seems to be able to match every move they make. Although I think as much as Maliki seems unwilling to compromise, he is even more unwilling to be questioned before Parliament. [post 1 of 2....stay tuned]
1-4-2013 Intel Guru BOBGETZ6 I think I posted something to the effect yesterday, or the day before, that there should be a lot of activity within our own as well as Iraq's government. With Iraq, there will be a lot going on, like a magic show. The right hand will be moving around a lot, so that you don't notice or are drawn away from what the left hand is doing. All of the activity could well mean that we are very, very close. [did you get to talk to your frozen friend] I did...and he alluded to what I just said.
1-4-2013 Newshound/Intel Guru BGG Article: "Urgent Urgent...Communication and consultation between the leaders of political blocs graduated line on the nomination (Baqir Jabr and Adel Abdul-Mahdi and Qusay al-Suhail) for prime minister substitute for Maliki!!" Wow!! This is a very interesting turn of events!! That whole list of characters agreed that Maliki needs to step down – whoa?!? This could go a number of directions…any one of which is just fine for us. Very exciting times.
1-4-2013 Newshound Guru SWFloridaGuy I just wanted to clear up the persisting "RVs happen on Fridays rumor." In my opinion there is no basis for this rumor and my research shows it to be completely inaccurate...large currency appreciation shocks have many different determining outside factors none of which distinguishes a particular day of the week. Appreciation episodes vary in definition and can be a single event or a period of growth that lasts up to several years. They definitely are not included in a Friday gift basket.
1-4-2013 Newshound Guru Kaperoni [Is this true? They told them they could not join until they raised the value of the dinar... and made it an internationally tradable currency.] sorta...there was a committee assembled some time ago to help Iraq with accession to the WTO. This committee told Iraq to get there currency more in line with the USD. Also, if and when you are a full member, you must follow WTO guidelines which adheres to IMF currency practices. Which means to be a member, you must be in Article 8 and a convertible currency. [Kaperoni is having a CC tonight January 4th 2013 @ 8pm CST to discuss the current Iraqi Political situation 805-399-1000 Code: 296983#]
1-4-2013 Newshound/Intel Guru Flashing Article: "Iraq-Kuwait Relations member: Iraq to emerge from Chapter VII January 2013" "The first month of the year (2013) will see an end to all outstanding issues between Iraq and Kuwait,” noting that “Kuwait has completed its mission and handed United Nations documents full remove Iraq from Chapter VII.” iraq will be out of ch 7 during january and because of that the rv is imminent. that article was from november 2012...but if u tied up all subsequent events, they will be out anytime during this month. imo, they have a predetermined plan and they are performing accordingly. everything is excellent, i am very very happy.
1-4-2013 Intel/Newshound Guru Poppy3 I think we will have a brighter picture of the exact direction by the 10th of this month. I'm still not convinced on this 3 state deal, I don't think they will put that together. We are seeing some positive signs, things happening behind the scenes that will help us out.
1-4-2013 Intel Guru Footforward What are the rates going to be? I don't know. The rate has to be good, Iraq can't stand on $1. When Shabibi talks about exchanging 1 to 1, he means in country they will exchange USD for lower denoms on a 1 to 1 basis. This won't affect us. My sources are still looking for this RV right away. I am still looking for this on an any day basis. [post 3 of 3]
1-4-2013 Intel Guru Footforward Iraq has to have a rate of at least $4. I am holding on to double digits. I am not sure how this will come about. I have reason to believe that there are special agreements that have been put in place for higher rates than the actual rates that show up on Forex or bank screens for the dinar that we have. These deals were originally put in place for royalty and government figures, basically they are going to benefit beyond what the rate was going to be. So, I believe that these agreements do exist and that we have been given favor with the right people and that we are going to have special rates for the currency that we have. It will be a one time only thing. Could I be wrong? Yes. Could this change? Yes. [post 2 of 3....stay tuned]
1-4-2013 Intel Guru Footforward For Iraq things are relatively calm. Yes, there is fighting, people attacking other people, bombs going off, but in Muslim culture, you are always going to have that. Someone said that there would be no RV until there were 3 separate states in Iraq. This is not going to happen. Shabibi will come back, make an appearance and whenever the RV hits, he will walk away and Maliki will walk away. Maliki's goal is not to establish a dictatorship, he is there to hold down the fort, simple as that. If they don't RV in the next few days, I expect the Standby Agreement, which expires on the February 23rd, will be extended. There is a minimum of 30 days ahead of time to do this. It's difficult to extend this at the last minute. [post 1 of 3....stay tuned]
1-4-2013 Newshound/Intel Guru BGG They are not going to get out of Chapter 7 any time soon while Maliki is in charge, but it doesn't really matter as far as the RV. Article 140 and Erbil are probably not going to happen any time in the near future. They will probably come up with a new program. The idea of a 3 state, 3 part Iraq or 3 separate countries is a legitimate possibility. This might become a legitimate solution to this problem. A lot of things can happen, we just don't know. We will probably get an idea of what direction they are going in about a week or so. 1-3-2013 Intel Guru TerryK FIRST OF ALL, THE DONG IS GOING WITH THE DINAR. ITS ONE OF THE PRIMARY 11 CURRENCIES IN THE BASKET. SECOND, THERE ARE 194 COUNTRIES THAT ARE INVOLVED IN THIS ECONOMIC RESET THATS ABOUT TO TAKE PLACE. OK, HERE IS WHAT I GOT AND ITS HOT. TONIGHT IS RED HOT. RED HOT. HAVE ANOTHER CALL COMING IN SOON TO GIVE ME MORE DETAILS. TREAT AS RUMOR OF COURSE.
1-3-2013 Intel Guru Okie_Oil_Man THEIR IS STILL A GAG ORDER STILL IN PLACE AND I AM DUTY BOUND TO HONOR THIS REQUEST. THE MANY FACTOR'S NOW INFLUENCING THE C/E IS NEARLY UN-BELIEVABLE. I WOULD THINK THE ACTIVITY PRESENTLY OCCURRING CAN BE NOTHING BUT POSITIVE FOR US. I WISH I NEW THE DATE/RATE BUT I AM STILL NOT PRIVIED TO THE EXACT TIMING BUT THINK IT CAN'T BE FAR AWAY. EVEN THO YOU ARE NOT PRIVIED TO WHAT I HAVE RECEIVED TODAY IN THE COMMUNICATION FURNISHED ME--PLEASE PRAY THAT IT IS CORRECT AND ACCURATE FOR A CHANGE. I NEVER POST UNLESS I FEEL LIKE SOMETHING INEVITABLE IS ABOUT TO OCCUR. [post 3 of 3]
1-3-2013 Intel Guru Okie_Oil_Man NEW'S IN TODAY IS THAT THEIR HAS BEEN A BEE HIVE OF ACTIVITY REGARDING PROGRAM'S AND THE POTENTIAL C/E. THIS IS ANOTHER EXAMPLE LEADING US TO LET TIME PROVE OR DISPROVE INTEL. I HAVE RECEIVED VERY POSITIVE NEW'S FROM THOSE IN AUTHORITY THAT I CONSIDER BEING AS VALID AS HUMANLY POSSIBLE. WHILE NO ONE HAS BEEN COMPLETELY CORRECT UP UNTIL NOW--I WOULD HOPE AND PRAY THIS TIME THE INFORMATION IS VALID AND CORRECT. [post 2 of 3....stay tuned]
1-3-2013 Intel Guru Okie_Oil_Man GOOD EVENING AMERICA, SHIP'S AT SEA AND ALL OUR WORLD WIDE FRIEND'S. WELL---THE GREEN CHRISTMAS I WAS TOLD TO HAPPEN EVIDENTIALY NEVER OCCURED. (ANOTHER PRIME EXAMPLE OF INTEL BEING CHANGED AT THE LAST MINUTE). AT THE TIME WE NEVER ASSOCIATED THE FISCAL CLIFF OR ANYTHING ELSE HAVING AN INFLUENCE ON THE C/E [CURRENCY EXCHANGE] BUT NOW IT APPEAR'S THAT THEIR WAS AN ASSOCIATION AND A DIRECT RELATIONSHIP BETWEEN THE TWO AND OTHER INTERVENING FACTOR'S. [post 1 of 3....stay tuned]
1-3-2013 Intel Guru Delta [Question for Delta. Do you think that we will see the Budget and Rate before the 15th?] IMO, YES.
1-3-2013 Newshound Guru SWFloridaGuy The Netdania and Yahoo Finance type sites are not FOREX brokers/marketmakers. They are just free web based charting tools and the numbers they use are a poor proxy for volume. The frequent anomalies often coincide with trading session openings (US, London, Asia), and the spikes are directly related to the volatility of the USD. Netdania is a hybrid feed of data and the spikes also could represent an arbitrary spread depending on where their source data comes from. The IQD is not currently being traded and always reverts back to the actual value. [post 2 of 2]
1-3-2013 Newshound Guru SWFloridaGuy If someone wants to determine the IQD rate in correlation to another form of currency, they can go about this procedure in a variety of ways. Upon completing the entry procedure the results of the IQD exchange rate (with regard to the respective currency) will show the fluctuations, but the Iraqi Dinar is not currently traded on the FOREX Market. [post 1 of 2....stay tuned]
1-3-2012 Intel/Newshound Guru Poppy3 Things have changed as far as the Vietnam Dong goes. Two sources reported that China has backed off of pushing the RV. I don't know the details. They anticipate and the Minister of Finance said they possibly will do a small adjustment of their currency if/when the dinar RV's. But, their actual RV or largest movement of their currency will not take place for 12 - 14 months post RV of the dinar. The reason for that is that they are rated the 5th fastest growing economy in the world, they are doing great. They have a little problem with inflation, but feel they can handle that for the next 12 -14 months. The beauty of this is that if either one, the dong or the IQD, RV's first then we can load up on the other. I think this is a blessing in disguise for us.
1-3-2013 Intel Guru BOBGETZ6 Awaiting a call from my frozen friend. It has been difficult to get through to Iraq. Also, there has been, and confirmed, a lot of armored car traffic around the banks. All of the signs are good and I await info from my frozen friend who hopefully will get a call soon.
1-3-2013 Newshound Guru Tlar A $1.00 bill is an IOU from the US government just as 1 dinar is an IOU from Iraq. The value of that note/IOU is determined by the exchange rate. The less in circulation the less debt. The economists that speaks in the article above does not understand economics especially in a case such as this. Somebody at the CBI does and that's all that counts. Remember Shabibi was doing the exact same thing in the auctions and in allowing the banks to sell USD. I think this is a definite sign that Turki is speeding up the repatriation of dinars. [post 2 of 2]
1-3-2013 Newshound Guru Kaperoni Adding more banks, only means more money and more opportunity for corruption. Short term, it be ok, but if they plan to do this extended, it will harm the economy. If they introduce a new dinar or smaller denoms, they can reverse this trend and collect the dollars back into the CBI reserves. it's not a simple collection, auctions go both ways to stablize the exchange rate/control inflation. Therefore, I am sure they are putting dinar on the streets as well (more than likely 1000, 500, 250, 50). [post 2 of 2]
1-3-2013 Newshound Guru Tlar Article: "Financial expert: dollar sales increase in the central bank auction will affect the hard currency reserves" [one would think that with all these auctions they have had over the years that they would have sucked up most of the dinar by now how much more could there possibly be] Not to be concerned. For every dollar they sell today for 1189, they retire the equivalent dinar in todays exchange rate value. Later if the rate goes 1 to 1 they will be buying back every dollar at one dinar. [post 1 of 2....stay tuned]
1-3-2013 Newshound Guru Kaperoni Article: "Financial expert: dollar sales increase in the central bank auction will affect the hard currency reserves" [one would think that with all these auctions they have had over the years that they would have sucked up most of the dinar by now, how much more could there possibly be] auction dollars are the CBI's reserves. Too big of currency auctions and you are cutting into your overall reserves. I think there was an article this past spring when the CBI was collecting dinar (17 trillion over 3 months) they said if this continued, it would damage the reserves. [post 1 of 2....stay tuned]
1-3-2013 Newshound/Intel Guru Flashing everything is excellent for the rv anytime now. in the worst case we are just waiting for the signature of Kuwait on the 9 agreements. So i am very happy. this morning i received a call that it will be a three kings day gift...3 kings day is jan 6...but again it is just rumors. the real facts which are not rumors indicate that we are hours, days, but not months away from our blessing.
1-3-2013 Intel Guru TerryK No indications from the IMF that they are going to extend the standby agreement, by now Iraq would have had to put in a letter of intent to the IMF asking to extend it, there has been nothing of the sort as of now, on February 23 Iraq will have to start paying for their debt. The ISX is supposed to be visible to all of us on the 7th of this month. I did get word today that we could see the rv as soon as thursday or Friday of this week...could take 24-48 hours once we see it on forex.
1-3-2013 Newshound/Intel Guru Bluedog As far as Kuwait, I told you the meeting has taken place IMO and all had been done. Moon was in Baghdad. Moon was more interested in Chapter 7. Look for little signals here and there; when I look at articles, i don't take the full article as gospel I try to pick out what's gone wrong...when it comes down to the rv of the IQD, don't follow every article, don't believe every article...goes back to "who's in charge", who has their hands on chapter 7, who has Iraqi's gold. [post 2 of 2]
1-3-2013 Newshound/Intel Guru Bluedog Maliki is doing everything he can in the last days because he knows he can't hide...he knows when they revalue they are coming after him. Iraqi people have come to a point where they have been promised the riches of Iraq and they are not getting it. Maliki will go on trial for the things he has done to the Iraqi people. [post 1 of 2....stay tuned]
1-3-2013 Newshound Guru Med IT APPEARS THAT MALIKI HAS GIVEN UP BY HIM CALLING FOR NEW ELECTIONS. HERE IS THE ONE PROBLEM, ALL IN PARLIAMENT MUST RESIGN AND THEN VOTE TO DISSOLVE. THAT WILL MEAN THAT AT ONE POINT MALIKI WILL BE THE ONLY ONE IN POWER. DO YOU SEE HOW DANGEROUS THAT IS? [total control...bad for Everyone] YES...SURE IS. [do you think the demonstrations will carry on?] YES...THEY WILL.
1-3-2013 Intel Guru Delta I do not think the revaluation is in Iraq's hands. I think it is in the hands of the U.S. The oval office of the U.S. is in charge of the revaluation, not Maliki or Shabibi. The U.S. came up with the plan and they are going to finish it...it is timing. On January 7th or 8th, they will open the books for 2013. A strange action by the CBI...all the banks are now allowed to sell dollars. The CBI has made tons of money through the auctions. Now they are giving away the business that they are making money out of. How can they do that? This gives you an indication that they are going to raise the value of the dinar. The rate has to come out before the budget and then the budget will be approved, or around the same time.
1-3-2013 Intel Guru Frank26 Iraqi citizens have been patient for all of 2012. But, if they don't release the budget and if they don't have a rate in it, watch the Iraqi citizens say enough is enough and watch Maliki do what he usually does...becomes a coward.
1-3-2013 Intel Guru TerryK FIRST OF ALL, THE DONG IS GOING WITH THE DINAR. ITS ONE OF THE PRIMARY 11 CURRENCIES IN THE BASKET. SECOND, THERE ARE 194 COUNTRIES THAT ARE INVOLVED IN THIS ECONOMIC RESET THATS ABOUT TO TAKE PLACE. OK, HERE IS WHAT I GOT AND ITS HOT. TONIGHT IS RED HOT. RED HOT. HAVE ANOTHER CALL COMING IN SOON TO GIVE ME MORE DETAILS. TREAT AS RUMOR OF COURSE.
1-3-2013 Intel Guru Okie_Oil_Man THEIR IS STILL A GAG ORDER STILL IN PLACE AND I AM DUTY BOUND TO HONOR THIS REQUEST. THE MANY FACTOR'S NOW INFLUENCING THE C/E IS NEARLY UN-BELIEVABLE. I WOULD THINK THE ACTIVITY PRESENTLY OCCURRING CAN BE NOTHING BUT POSITIVE FOR US. I WISH I NEW THE DATE/RATE BUT I AM STILL NOT PRIVIED TO THE EXACT TIMING BUT THINK IT CAN'T BE FAR AWAY. EVEN THO YOU ARE NOT PRIVIED TO WHAT I HAVE RECEIVED TODAY IN THE COMMUNICATION FURNISHED ME--PLEASE PRAY THAT IT IS CORRECT AND ACCURATE FOR A CHANGE. I NEVER POST UNLESS I FEEL LIKE SOMETHING INEVITABLE IS ABOUT TO OCCUR. [post 3 of 3]
1-3-2013 Intel Guru Okie_Oil_Man NEW'S IN TODAY IS THAT THEIR HAS BEEN A BEE HIVE OF ACTIVITY REGARDING PROGRAM'S AND THE POTENTIAL C/E. THIS IS ANOTHER EXAMPLE LEADING US TO LET TIME PROVE OR DISPROVE INTEL. I HAVE RECEIVED VERY POSITIVE NEW'S FROM THOSE IN AUTHORITY THAT I CONSIDER BEING AS VALID AS HUMANLY POSSIBLE. WHILE NO ONE HAS BEEN COMPLETELY CORRECT UP UNTIL NOW--I WOULD HOPE AND PRAY THIS TIME THE INFORMATION IS VALID AND CORRECT. [post 2 of 3....stay tuned]
1-3-2013 Intel Guru Okie_Oil_Man GOOD EVENING AMERICA, SHIP'S AT SEA AND ALL OUR WORLD WIDE FRIEND'S. WELL---THE GREEN CHRISTMAS I WAS TOLD TO HAPPEN EVIDENTIALY NEVER OCCURED. (ANOTHER PRIME EXAMPLE OF INTEL BEING CHANGED AT THE LAST MINUTE). AT THE TIME WE NEVER ASSOCIATED THE FISCAL CLIFF OR ANYTHING ELSE HAVING AN INFLUENCE ON THE C/E [CURRENCY EXCHANGE] BUT NOW IT APPEAR'S THAT THEIR WAS AN ASSOCIATION AND A DIRECT RELATIONSHIP BETWEEN THE TWO AND OTHER INTERVENING FACTOR'S. [post 1 of 3....stay tuned]
1-3-2013 Intel Guru Delta [Question for Delta. Do you think that we will see the Budget and Rate before the 15th?] IMO, YES.
1-3-2013 Newshound Guru SWFloridaGuy The Netdania and Yahoo Finance type sites are not FOREX brokers/marketmakers. They are just free web based charting tools and the numbers they use are a poor proxy for volume. The frequent anomalies often coincide with trading session openings (US, London, Asia), and the spikes are directly related to the volatility of the USD. Netdania is a hybrid feed of data and the spikes also could represent an arbitrary spread depending on where their source data comes from. The IQD is not currently being traded and always reverts back to the actual value. [post 2 of 2]
1-3-2013 Newshound Guru SWFloridaGuy If someone wants to determine the IQD rate in correlation to another form of currency, they can go about this procedure in a variety of ways. Upon completing the entry procedure the results of the IQD exchange rate (with regard to the respective currency) will show the fluctuations, but the Iraqi Dinar is not currently traded on the FOREX Market. [post 1 of 2....stay tuned]
1-3-2012 Intel/Newshound Guru Poppy3 Things have changed as far as the Vietnam Dong goes. Two sources reported that China has backed off of pushing the RV. I don't know the details. They anticipate and the Minister of Finance said they possibly will do a small adjustment of their currency if/when the dinar RV's. But, their actual RV or largest movement of their currency will not take place for 12 - 14 months post RV of the dinar. The reason for that is that they are rated the 5th fastest growing economy in the world, they are doing great. They have a little problem with inflation, but feel they can handle that for the next 12 -14 months. The beauty of this is that if either one, the dong or the IQD, RV's first then we can load up on the other. I think this is a blessing in disguise for us.
1-3-2013 Intel Guru BOBGETZ6 Awaiting a call from my frozen friend. It has been difficult to get through to Iraq. Also, there has been, and confirmed, a lot of armored car traffic around the banks. All of the signs are good and I await info from my frozen friend who hopefully will get a call soon.
1-3-2013 Newshound Guru Tlar A $1.00 bill is an IOU from the US government just as 1 dinar is an IOU from Iraq. The value of that note/IOU is determined by the exchange rate. The less in circulation the less debt. The economists that speaks in the article above does not understand economics especially in a case such as this. Somebody at the CBI does and that's all that counts. Remember Shabibi was doing the exact same thing in the auctions and in allowing the banks to sell USD. I think this is a definite sign that Turki is speeding up the repatriation of dinars. [post 2 of 2]
1-3-2013 Newshound Guru Kaperoni Adding more banks, only means more money and more opportunity for corruption. Short term, it be ok, but if they plan to do this extended, it will harm the economy. If they introduce a new dinar or smaller denoms, they can reverse this trend and collect the dollars back into the CBI reserves. it's not a simple collection, auctions go both ways to stablize the exchange rate/control inflation. Therefore, I am sure they are putting dinar on the streets as well (more than likely 1000, 500, 250, 50). [post 2 of 2]
1-3-2013 Newshound Guru Tlar Article: "Financial expert: dollar sales increase in the central bank auction will affect the hard currency reserves" [one would think that with all these auctions they have had over the years that they would have sucked up most of the dinar by now how much more could there possibly be] Not to be concerned. For every dollar they sell today for 1189, they retire the equivalent dinar in todays exchange rate value. Later if the rate goes 1 to 1 they will be buying back every dollar at one dinar. [post 1 of 2....stay tuned]
1-3-2013 Newshound Guru Kaperoni Article: "Financial expert: dollar sales increase in the central bank auction will affect the hard currency reserves" [one would think that with all these auctions they have had over the years that they would have sucked up most of the dinar by now, how much more could there possibly be] auction dollars are the CBI's reserves. Too big of currency auctions and you are cutting into your overall reserves. I think there was an article this past spring when the CBI was collecting dinar (17 trillion over 3 months) they said if this continued, it would damage the reserves. [post 1 of 2....stay tuned]
1-3-2013 Newshound/Intel Guru Flashing everything is excellent for the rv anytime now. in the worst case we are just waiting for the signature of Kuwait on the 9 agreements. So i am very happy. this morning i received a call that it will be a three kings day gift...3 kings day is jan 6...but again it is just rumors. the real facts which are not rumors indicate that we are hours, days, but not months away from our blessing.
1-3-2013 Intel Guru TerryK No indications from the IMF that they are going to extend the standby agreement, by now Iraq would have had to put in a letter of intent to the IMF asking to extend it, there has been nothing of the sort as of now, on February 23 Iraq will have to start paying for their debt. The ISX is supposed to be visible to all of us on the 7th of this month. I did get word today that we could see the rv as soon as thursday or Friday of this week...could take 24-48 hours once we see it on forex.
1-3-2013 Newshound/Intel Guru Bluedog As far as Kuwait, I told you the meeting has taken place IMO and all had been done. Moon was in Baghdad. Moon was more interested in Chapter 7. Look for little signals here and there; when I look at articles, i don't take the full article as gospel I try to pick out what's gone wrong...when it comes down to the rv of the IQD, don't follow every article, don't believe every article...goes back to "who's in charge", who has their hands on chapter 7, who has Iraqi's gold. [post 2 of 2]
1-3-2013 Newshound/Intel Guru Bluedog Maliki is doing everything he can in the last days because he knows he can't hide...he knows when they revalue they are coming after him. Iraqi people have come to a point where they have been promised the riches of Iraq and they are not getting it. Maliki will go on trial for the things he has done to the Iraqi people. [post 1 of 2....stay tuned]
1-3-2013 Newshound Guru Med IT APPEARS THAT MALIKI HAS GIVEN UP BY HIM CALLING FOR NEW ELECTIONS. HERE IS THE ONE PROBLEM, ALL IN PARLIAMENT MUST RESIGN AND THEN VOTE TO DISSOLVE. THAT WILL MEAN THAT AT ONE POINT MALIKI WILL BE THE ONLY ONE IN POWER. DO YOU SEE HOW DANGEROUS THAT IS? [total control...bad for Everyone] YES...SURE IS. [do you think the demonstrations will carry on?] YES...THEY WILL.
1-3-2013 Intel Guru Delta I do not think the revaluation is in Iraq's hands. I think it is in the hands of the U.S. The oval office of the U.S. is in charge of the revaluation, not Maliki or Shabibi. The U.S. came up with the plan and they are going to finish it...it is timing. On January 7th or 8th, they will open the books for 2013. A strange action by the CBI...all the banks are now allowed to sell dollars. The CBI has made tons of money through the auctions. Now they are giving away the business that they are making money out of. How can they do that? This gives you an indication that they are going to raise the value of the dinar. The rate has to come out before the budget and then the budget will be approved, or around the same time.
1-3-2013 Intel Guru Frank26 Iraqi citizens have been patient for all of 2012. But, if they don't release the budget and if they don't have a rate in it, watch the Iraqi citizens say enough is enough and watch Maliki do what he usually does...becomes a coward.
Read more: http://www.dinarguru.com/index.html#ixzz2H8Sb8fk3
1-2-2012 Newshound Guru Kaperoni Article - "Central Bank calls for banks to get the right to sell the U.S. dollar" Shabs set up a few banks for dinar exchange. This article is pertaining to the current currency (dollar) auctions. Usually there are like 10-16 banks participating. In this case, it seems the CBI wants to now open the auctions to all banks in Iraq. Which IMO would not only make it convenient for people to trade dinar for dollars, but...dollarize the entire economy.
1-2-2012 Intel Guru Winalot Article: "Emir of Kuwait order to resolve all outstanding issues with Iraq...the Deputy Prime Minister and Foreign Minister of Kuwait, said during a recent committee meeting, the Emir of Kuwait, gave directives to resolve all outstanding issues between Kuwait and Iraq" huge news!
1-2-2013 Newshound/Intel Guru Flashing The Emir of Kuwait, gave his directives to resolve all outstanding issues between Kuwait and Iraq, This means they will be out of ch 7 very very soon. imo anytime during this month. which means rv is upon us. Whoohoo, whoohoo. They began the borders markers. We are there, whoohoo. We are in an any second now situation! [post 2 of 2]
1-2-2013 Newshound/Intel Guru Flashing [new guru] We are in an any second now alert. Not because of my opinion or the opinion of my sources just because the facts are telling us we are there. As I said before this time is totally different. Forget your past experiences on this ride because we are in a totally different situation right now. [post 1 of 2....stay tuned]
1-2-2013 Intel Guru BWM there have been some other questionable comments made in regard to the revalue of dinar in regards to the CBI...one of the big things you need to understand that someone seemed to miss on is while the CBI has made money in the past off of auctions, those auctions will end once the currency again has value. I don't agree in Iraq's hands...too many "put offs" that just seem way to easily resolved...for instance, we're gonna vote on the budget this date, no that date, no wait, we'll do it in another week. I know who put M in place...and I have a pretty good idea when he will be gone...but until other things (not in iraq) are resolved you won't see those plugs pulled.
1-2-2013 Newshound Guru Adam Montana Politics seem pretty stable. Maliki is in good standing with the UN and also the US (for what that's worth), and the news other than that is a bit quiet...what does this tell us? Not a darn thing! : ) There is no bad news right now, but there has been no RV announcement. I hope you all had a safe and happy New Year... and let's GO R-V in the 2-0-1-3!!!
1-2-2013 Newshound/Intel Guru Bluedog so many thing jelling for this investment, you all should be happy... Iraqs Budget has been read all 3 times. [HAS THAT BEEN POSTED IN THE GAZETTE YET?] no, but articles said all readings completed...it will be signed and opened in the next week and half or sooner. [erbil done now?] as needed all is done in files ready to be pulled out. [AND HCL] yep. the Premier of Kuwait already had their meeting with Iraq...so all is go for Chp7...ch7 is all done but it a waits the currency Rate thats in the Budget...articles has said all reading have been done waiting to open the 2013 Budget real soon...that BUDGET will be 1st priority. Do not even worry about protest or Maliki cause it has nothing to do with your RV or it will not delay it.
1-2-2013 Intel Guru Winalot CBI Article: "C 2012 auction No. 74/12 / approved the Central Bank of Iraq on 18 Central Bank transfers for (91) Ninety-one days of $ (200) billion Iraqi dinars (two hundred billion Iraqi dinars) have been sold (90) billion dinars (ninety Billion Iraqi dinars) issue of the amount as the price discount (5.30%) and the number of Participating banks (4) banks (four banks) won Basdaria. 2012/12 / Baghdad 30" there is the translation...they sold 200 billion dinar! not dollar! why would they be selling dinar to the banks??? looks like they are stocking the banks to trade dinar for dollar... i think it is excellent news... especially since they hid it! it is only on the arabic side...under announcements...not on the auction page.
1-2-2013 Intel Guru TerryK GOT SOME NEWS TODAY WHY THIS HAS NOT GONE DOWN AND IT DEALS WITH BOTH CHINA AND THE US SPOSE TO BE RESOLVED ABOUT 4 PM THE 3RD. I DONT KNOW IF THAT HAS A TIME STAMP FOR THE RV OR NOT. SO IM HEARING THAT ALOT OF THINGS ARE IN THE WORKS BY COB [CLOSE OF BUSINESS] EST THE 3RD...SO TAKE THAT AS RUMOR. BUT, I WANTED YOU TO KNOW THAT THIS IS STILL ALIVE, VERY MUCH ALIVE FOR THIS WEEK. I HAVE STONG RUMORS AND IT HAS JUST BEEN TOLD ME A 2ND TIME THAT WHEN FOREX OPENS AGAIN LIKE TOMORROW WE MAY SEE SOME CHANGE.
1-1-2013 Intel Guru Bluwolf Well within a few hours a deal will be reach ( taxes on the rich etc. ) from this point on once signed the U.S. will prosper and your blessings shall not have any restrictions on this international releases to be coming forth...now is our time.
1-1-2013 Intel Guru SteveI Thank you for sharing, and yes this is spot on. OCRUSH, thank you for taking the time to share with us what is going on behind the scenes. Outstanding job and awesome facts. All I can say is a big WOW. I was hoping that the GOI would have had the budget in place by now, but a few more days is OK with us if that is what it takes to do it right. We are being told that so much is being done and it is now "crunch time" to finalize things before the country and its citizens get out of control. We are being told that Maliki is starting to get the hint and is working hard to keep civil unrest to a minimum and resolve the outstanding issues. We all just need to wait it out a bit longer and let it show up on our door step. We will try very hard to give you all a detailed update very soon. [post 3 of 3]
1-1-2013 Intel Guru SteveI The new policies will start after January 8 (give or take). You see the house needs to approve these changes and all they are doing now is positioning themselves to get it started with no hiccups! This is a new era and it has started. There will be new procedures and policies taking place....we are witnessing history in the making. There is no doubt the new budget has the new rate and they are preparing to wow us!!" [post 2 of 3....stay tuned]
1-1-2013 Intel Guru SteveI JUST RECEIVED THIS FROM OCRUSH : "We are almost there! The 2012 accounts have been closed. The banks are positioning themselves for the new budget. The ratification of the 2013 budget is on its way with the finance ministry. This is great because they will allocate the 2013 budget to the provinces with transparency. The cbi gave orders to the private banking sector to sell hard currency at the current rate for one week even though the 2012 budget has been closed. They needed to still have the auctions because its not a good idea to stop them. [post 1 of 3....stay tuned]
1-1-2013 Intel Guru Bluwolf Well the world did not end as some thought it would. We are still here and our blessing still has not come into play. But we are just a step away from receiving for we and the rest of the world only await for the U.S. to get there economic issues taken care of. My guess in a couple more dias [days] they should sign a deal and all releases will occur. But for now a Happy New Year to all.
1-1-2013 Newshound Guru Mailman17 REMEMBER...ALL IS NOT WHAT IT APPEARS SOMETIMES THEY JUST MAY BE FURTHER ALONG THAN WE THOUGHT. THE THING TO REMEMBER IS THIS...IRAQ WAS ALWAYS....SET UP TO SUCCEED. THE PEOPLE OF IRAQ HAVE WAITED A LONG TIME FOR THIS...WAY LONGER THAN ANY DINAR HOLDER...THEIR TIME IS COMING. [post 3 of 3]
1-1-2013 Newshound Guru Mailman17 THE THING TO ALSO REMEMBER IS IRAQS FINANCIALS...THE SUDDEN GOLD INCREASE...AND QUITE POSSIBLY A MINOR SNAFU ON THE REMAINING DEBT THEY JUST MAY GET OUT OF THAT MAYBE THAT AND INCREASED OIL PRODUCTION, FROZEN ASSETS AND A NUMBER OF OTHER TRADEABLE COMMODITIES AND WE CAN SEE WHY THE WTO AND THE IMF ARE PLEASED. [post 2 of 3....stay tuned]
1-1-2013 Newshound Guru Mailman17 ANYONE ELSE THINK THAT MAYBE...JUST MAYBE...MALIKI HAS BEEN SET UP AS THE FALL GUY IN THIS ON PURPOSE...BEING ALLOWED TO RUN THE GAMBIT AT HIS OWN ACCORD AND LEISURE? THIS GOES BACK TO ME THINKING AWHILE BACK THAT THEY MUST MAKE THIS LOOK LIKE AN IRAQI THING ALL THE WAY WITH NO INFLUENCE WHATSOEVER FROM OUTSIDE ENTITIES. THE THING TO LOOK AT IS THIS EVEN THOUGH THE POLITICAL PROCESS HAS BEEN A NIGHTMARE THE CBI HAS DONE WHAT NEEDED TO BE DONE. [post 1 of 3....stay tuned]
1-1-2013 Newshound Guru Doc Doesn't the budget have the RV rate built into it? Again this is another false story being circulated around the internet. You have to remember Iraq gets its revenue from oil and oil is traded in USD not dinar. Iraq has a steady flow of USD from its oil. The budget simply takes the USD from oil sales and converts to dinar at the current program rate. Iraq is not going to reveal rate changes in its budget prior to a RV. [post 2 of 2] [the remainder of Doc's questions & answers will be sent out to Dinar Guru members...sign up above in the blue box if you're not already a member...you won't want to miss out]
1-1-2013 Newshound Guru Doc We will end/start the year by answering several recent questions: Speaking of Cash-in stories what about Reno? Again these have proven time and time again as unfounded. When the CBI sets the rate it will go live in milliseconds around the globe. There are no special bank screens that show it to a select few. None of this is true and has been verified by banking officials. [post 1 of 2....stay tuned]
1-1-2013 Newshound Guru SWFloridaGuy The "Returning to former glory" statement from Shabibi (while a very positive one), is frequently misquoted. "4-7-2008 Shabibi - We aspire in the near future to the return of Iraqi dinar to what it was in the seventies and the beginning eighties against the dollar and other foreign currencies and we are endeavoring and serious in this regard, but added that this process is not easy and simple and depends on the supply and demand of Iraqi dinars." [post 3 of 3]
1-1-2013 Newshound Guru SWFloridaGuy At the Arab banking conference in 2008 (held in Cairo), Shabibi did say that he wanted to return to their currency to levels that closer resembled what they were in the 70s and 80s. He never used the word revalue for obvious reasons, nor did he even hint at by which mechanisms the NID could regain the previously held levels of their former currency. Whether that be by revalue, floating orbit of exchange, straight redenomination, change in peg, letting the market drive it up etc., is of course 100% classified. [post 2 of 3....stay tuned]
1-1-2013 Newshound Guru SWFloridaGuy Shabibi has repeatedly stated over the years there will be no LOP, for whatever his word is worth. Shabibi has never once said that the IQD would revalue to become the strongest currency in the Middle East and remain at levels above Kuwait's. In fact he's never said they would "Revalue" at all. [post 1 of 3....stay tuned]
12-31-2012 Newshound Guru Mailman17 THE PWTB HAD TO LET THIS PLAY OUT BUT I AM SURE THEY ALSO KNEW MALIKI WOULD EVENTUALLY HANG HIMSELF...IT WAS ONLY A MATTER OF TIME. THIS JUST MAY PUT A HAMPER ON MY JAN 1 PREDICTION ESPECIALLY SEEING AS THE BUDGET HAS NOT YET BEEN DONE AND RATIFIED BUT I DON'T THINK I AM THAT TOO WAY OFF THE TIMELINE, JAN NOT MAR, IMO. THE NEWS IS OUTSTANDING, JUST A LITTLE WHILE LONGER. [post 2 of 2]
12-31-2012 Newshound Guru Mailman17 THE DINAR WAS BUILT TO SUCCEED JUST TAKING A BIT LONGER THAN PLANNED. MALIKI ON THE OTHER HAND, I REALLY DON'T SEE HIM BEING IN POWER MUCH LONGER. THE PEOPLE OF IRAQ HAD HAD ENOUGH AND THEY NOW KNOW THERE IS POWER IN NUMBERS AND THEIR VOICE WILL FINALLY BE HEARD. [post 1 of 2....stay tuned]
12-31-2012 Intel Guru TerryK i know of a group that placed a 1,000,000 usd for dinar order yesterday that's over 1 billion in dinar, so what does that tell u. these investment guys must know something. i guess treat that as rumor as always but hearing gotta happen before the 1st. [post 2 of 2]
12-31-2012 Intel Guru TerryK i don't think i will be back in houston. getting word that the dinar is active in europe right now at .30 being traded - have gotten 2 calls about this tonight - i dont have any legs on this other than calls coming in...so we sit here an wait for the word again. [does that mean we have a float coming in so low? .30 sounds like it might be speculators] if it does come out low...speculators will eat it up driving the value thru the roof...this will go thru the roof within 24 hours. I THINK THIS IS PRIVATE INVESTORS SUCKING IT UP. still hearing it's at .478 just not on forex. [post 1 of 2....stay tuned]
12-30-2012 Newshound Guru Kaperoni Question: [do you think there is any possibility that the US has a say in this? That they would try to delay this until the increase in the capital gains tax is implemented?] Well I will say this, I know the US govt wanted to push this forward last summer because there were two articles that came out. One from the US embassy, that a high level person from the US embassy wanted the CBI to move forward with changing the value of the currency and introducing the new notes. That was last summer so to say they would be against it or not wanting it is wrong. And secondly in April, when the SIGR, which is an independent organization that was put together to monitor Iraq, released a report to the US Congress that Iraq was about to change the value of their currency and there was nobody at that point who was saying anything either. The only person at that point who said anything was Maliki, he said, “no, I don’t want to do this.”
12-30-2012 Newshound/Intel Guru BGG Article: "Postpone the visit of the Iraqi delegation to Kurdistan." This is a significant meeting to have postponed...there is significant pressure being applied TO Baghdad. It will be curious as to the outcome of these pressures. This meeting being postponed isn’t directly a bad sign. However, I suspect it is somehow intertwined. There have been numerous meetings between the various parties and the US over the last few weeks (very little of which is being made public) and I’m suspicious this “delayed solution” may be part of our outcome.
12-30-2012 Intel Guru BOBGETZ6 Per my frozen friend...There was a big meeting in Iraq today with a lot of key people. There was a lot of hugging, smiling and back slapping. It all appears to be good. I have nothing more. It appears to be very encouraging.
12-30-2012 Newshound Guru SWFloridaGuy None of this points to a definitive or required, new IQD rate. In fact, they don't have to meet their budget at all and have survived for years with the IQD at a tenth of a cent. If necessary, Parliament could always adopt a supplementary budget. The RV rate is not going to be advertised liked that and no matter how hard we look for it we're not going to find it in plain site in budget numbers. I am always surprised to see people scoff at a 100,000% revaluation as a "small RV." Makes no sense to me. I will be happy with any new rate that moves in a positive direction. [post 2 of 2]
12-30-2012 Newshound Guru SWFloridaGuy I believe a RV is coming but not due to numbers referenced in their budget. Iraq does not need to RV to open the budget as some claim. Budget increases are partially due to Increased oil revenues that have allowed Iraq to add around $9 billion to its 2012 budget. Iraq has earned $45.3 billion from oil sales and the 2012 oil revenues are expected to exceed last year's which were $82.9 billion. [post 1 of 2....stay tuned]
12-30-2012 Newshound Guru Kaperoni I’m not going to say we’re going to have a 1-1 in January but I certainly believe that they need to start this thing pretty quick. And that being said, if it does go into a float, I wouldn’t be too disappointed because as Steve [Guru Enorrste?] has stated...he thinks it will go up fairly quick. Even if it started January 1st in a free float it could in three months be at 1-1. [post 3 of 3....stay tuned]
12-30-2012 Newshound Guru Kaperoni Now whether they end up going that route or RVing it to 1-1, we just won’t know until it happens. But we’re pretty confident they are going to float it but when it happens is anyones guess. It appears to me that something has to happen, has to begin, fairly soon. When I say fairly soon, it could be a week, 3 weeks, a month, 1 ½ months. With the Feb 23rd deadline for the IMF Standby Agreement, with some of the events that we read in the articles...it appears to me that they want to open up the market to bring investment in and that means getting their currency on an international level. And remember the Iraqi stock exchange is supposed to be going international starting in January as well. [post 2 of 3....stay tuned]
12-30-2012 Newshound Guru Kaperoni I don’t think its going to be an RV, I think its going to be a float. I think we may see it start on the 1st. But it seems unlikely, Parliament is now out until the 8th of January. there were literally hundreds of articles last spring about 1-1. There were articles from the CBI...from the US Govt...from parliament, that all talk about a 1 to 1. Even economists have come out and said they want to make the dinar equal to the US dollar. In that sense, there is a lot of support for a 1-1 exchange rate right out of the shoot...this was what was going to happen until the end of this summer when we started to get the indication that they were going to free float the currency. The support is now there for this. [post 1 of 3....stay tuned]
12-30-2012 Newshound/Intel BGG I honestly think there is some BIG PRESSURE being applied right now...and we have just a few days to see what the results are going to be. [still thinking 3+] who knows? Could be higher??
12-30-2-2012 Intel Guru TerryK now you may hear this tomorrow night [Sunday] but not see it until the forex updates. the forex opens at 5 pm est but will not update where we can see it until 7:15 or so if it updates on forex, it may NOT... hearing alot of weird crap today about markets not showing rates, rates bouncing on screens and what im telling you is really on the qt. this all has to happen before the 1st there is a $ reason for this or the cost of this not happening will cost the usa billions. [post 2 of 2]
12-30-2-2012 Intel Guru TerryK ok what i got for news today, it will be short and sweet. rates are in the mid 3 dollar range, as high as 3.86, then rise the days to follow as the market will push it up. the dong will do the same and peak no more than 2.22 over a time span. it will start at .48. this is right now scheduled for tomorrow [Sunday] night late when the china market opens. i have been told to be silent but this is going into the third week. [post 1 of 2....stay tuned]
12-30-2012 Intel Guru Winalot Article: "The conference of the National Sovereignty and Reconciliation started in Baghdad on Friday in presence of the Premier, Nouri al-Maliki and a number of parliamentary and governmental figures." sounds like another name for a national conference to me...strikes me as odd that they are having a conference .. un announced.. for "reconsiliation".
12-29-2012 Intel Guru TerryK [have you heard any rumors about Iraq using new money on the streets yet?] I HAVE HEARD THAT, CAN NOT CONFIRM. ANYWAY, I WOULD KEEP MY EYES REALLY OPEN AND FOCUSED FOR TONIGHT THRU SUNDAY...AND YES I BROUGHT ALL MY CRAP HOME FROM TEXAS...WHATS DOES THAT MEAN. [See TerryK's post from 12-19-12 in the Dinar Guru archives]
12-29-2012 Newshound Guru Tlar I do not believe he is apologizing nor do I believe that he is saying he is trying to work the problems out with the other blocks. Quite simply he is stating, "the Prime Minister and I take responsibility for and ready for everything," He is ready to take 100% control of Iraq. [post 3 of 3]
12-29-2012 Newshound Guru Tlar He is trying to appeal to the demonstrators like he is the only one who cares about Iraq as a country. He goes on to say: "Maliki said that "today total aims responsibility to the Prime Minister and I take responsibility for and ready for everything," Maliki asked "Why do not ministers responsible ministries divided between all the components". A loose translation of this is, "I am willing and ready to take responsibility for everything, to be the sole leader. I believe this is a forward looking statement which means I am ready to be in charge of everything. [post 2 of 2....stay tuned]
12-29-2012 Newshound Guru Tlar Article quote: "expressed by Prime Minister Nuri al-Maliki, on Friday, his willingness to take responsibility towards the Iraqi people" I see this as a veiled attempt to push blame for the problems on all the other parties. In the article, Maliki is saying: "everything is disabled in this country against the backdrop of political rivalries," noting that "the projects and decisions, laws and budgets code because of insults and political rivalries.", therefore shoving the blame off of him to the "bad" guys from the other blocks... [post 1 of 3....stay tuned]
12-29-2012 Newshound Guru Med WASHINGTON LOOKING FOR ALTERNATIVE TO MALIKI...IT SEEMS THAT THINGS ARE MOVING FAST AND FURIOUS. SO, IT WAS A U.S. OFFICIAL THAT FOUGHT TO KEEP MALIKI IN OFFICE WITH THE OBAMA ADMINISTRATION. [unbelievable] I KNOW. [with maliki being ousted how do u think things shape up in your opinon?] FIRST OFF HE ISNT OUSTED, WE ALL KNOW THAT WHAT HAPPENS IN IRAQ IN THE MORNING CAN TOTALLY TURN AROUND BY THE AFTERNOON. WE....THE U.S. ARE LOOKING FOR AN ALLY IN IRAQ. I AM NOT DOWN JUST REALISTIC ON THE PROCESS. IF MALIKI FALLS DOES SHABIBI RETURN, I THINK HE DOES FOR ONE REASON HE HAS BEEN WATCHING EVERYTHING GOING ON WITH CBI. I THINK HE WILL WANT TO FINISH WHAT HE STARTED.
12-28-2012 Newshound Guru Kaperoni Article: "Secretariat of the Council of Ministers to constitute a committee to audit and review the sale currency" [Is this possibly an attempt to have Shabibi reinstated?] unlikely Shabibi would ever come back. He is removed from the CBI site and Maliki clearly does not want him at the CBI. So unless Maliki goes, there is no Shabibi.
12-29-2012 get caught up on last nights updates below...looks like there is public uproar in the streets of Iraq.
12-28-2012 Intel Guru TerryK erbal is already signed, its all done. i have this from a high source in iraq thru one of my big shot sources here in usa ...my source tells me much much i can not share with...anyone. [dinar & vnd still in the same basket??] yes. [so we not going over the cliff?] its a cover for the global reset. its all set, what im hearing any moment thats why he [Obama?] has been spending as much as he can because he knows it will all go to zero here shortly. [do u know if there is a legit possibility of a 48 hr. window at a higher rate, then drops?] i have heard that but its 72 hours.
12-28-2012 Newshound Guru Kaperoni Article: "Washington looking for an alternative to Maliki and Talabani Thaer to the President of the Republic" The best part about this article is that we now have confirmation that every event or stunt Maliki has pulled has finally set in with the Washington decision makers. No more wondering if they figured it out or not. They are fully aware. So we watch and see what they will do next.
12-28-2012 Newshound Guru Med THERE ARE SOME SERIOUS THINGS GOING ON IN IRAQ GANG. BURNING THE IRANIAN FLAG IN RESPONSE TO ME THAT IS SHOWING MALIKI HE IS A TRAITOR OR A PUPPET OF IRAN. SEE THE PROBLEM IS THIS AND IT IS A NO WIN FOR MALIKI, THE PEOPLE WILL OVERRUN THE COUNTRY. IF MALIKI USES FORCE, HE LOSES, IF HE DOESNT IMMEDIATELY SIGN EVERYTHING, HE LOSES . FINALLY, THIS IS WHAT WE WANTED OR NEEDED FOR US AND FOR THE IRAQI PEOPLE.
12-28-2012 Newshound/Intel Guru BGG [BGG, wasnt there supposed to be some big announcement from the UNSC today [Thursday]?] at one time it may have been a scheduled meeting (not "announcement") but that has been postponed (as I understand it)...until they get a handle on Maliki. lots and lots of great news!! articles all around pointing out the precarious situation Maliki is in.
12-28-2012 Newshound/Intel Guru Bluedog [new guru] GOI has been working over time for this short break. A lot has been done and the rate to UN...IMF all in place for at least 3 weeks or so but we as peeps can't see it yet. Rate has been being used behind the curtain...things have been moving behind the scene. Remember told you last Sept that the HCL was done and filed for the perfect TIMING, well they soon will blow the dust off of it, watch. soon as Budget that is done and there are articles to prove it done, as soon as they announce it, then RV b4 chp7. [post 2 of 2]
12-28-2012 Newshound/Intel Guru Bluedog [new guru] asia cell has given Iraq 30 days to get it done basically or out we go...Iraq needs them folks...need a new rate. WF Bank trained and newly trained ready first of Jan 2013 to handle currency of Iraq and others, many trained. Iraqi banks electronically ready for lift off for sometime. Talabani in good shape. Maliki not in good shape. [post 1 of 2....stay tuned]
12-28-2012 Intel Guru Bluwolf ON ANOTHER SUBJECT THERE HAVE BEEN TALKS ABOUT PUERTO RICAN BANKS BEING READY AND THERE HAVE BEEN ALSO SOME RATES AND TIME FRAMES OUT THERE AND THE ISSUERS OF THIS TOPIC STATE THAT IT IS ONLY RUMORS, BARE WITH ME NOW FOR IT IS NOT A RUMOR BUT A KNOWN FACT, THEY ARE MORE THAN READY. [post 3 of 3]
12-28-2012 Intel Guru Bluwolf AS SOON AS WE SEE THIS DEAL, FROM THEN ON AND ONLY THEN WILL THE INTERNATIONAL RELEASES OF ALL CURRENCIES OCCUR. THE UNITED STATES WILL STRIKE A DEAL TODAY AND FROM THIS DAY FORTH THE RV WILL BE A REALITY FOR ALL, THE DEAD LINE IS IN THE MID OF JANUARY SO EXPECT A WONDERFUL AND PROSPEROUS NEW YEAR. [post 2 of 3....stay tuned]
12-28-2012 Intel Guru Bluwolf AS THE END OF THE YEAR IS AROUND THE CORNER WE STILL DO NOT SEE THIS RV. THE CAUSE IS THAT THE GENTLEMEN FROM THE WHITE HOUSE (AND WASHINGTON) STILL HAVE NOT STRUCK A DEAL ON THE TAXES ON THE FILTHY RICH, THEY ARE TO MEET AT 3 PM EST TODAY TO SEE IF THEY CAN STRIKE A DEAL. [post 1 of 3....stay tuned]
12-28-2012 Intel/Newshound Guru Poppy3 REVOLT AGAINST MALIKI BY THE U S GOVERNMENT, BY THE IMF, BY THE WTO, BY THE UNITED NATIONS, BY THE OTHER LEADERSHIP OF IRAQ, AND NOW BY THE PUBLIC OF IRAQ. THAT JUST ABOUT COVERS ALL THE BASES . I MADE THE STATEMENT YESTERDAY THAT IT APPEARS THE BALL IS BACK IN PLAY AND I NOW THINK THAT IS EXACTLY WHAT WE HAVE TO LOOK FORWARD TOO. THE TRIBE LEADERS ARE SAYING THEY WILL STAND STRONG AGAINST MALIKI AND ALL THE SENTIMATE SEEMS TO SAY THE PROCESS IS UNDERWAY AND PREPARATION ARE BEING MADE TO OUST HIM FROM THE P M POSITION. ONLY TIME WILL TELL.
12-28-2012 Newshound Guru SWFloridaGuy For WTO accession they do have to have a convertible currency. I pulled my information right out of their membership laws. Accession could be right around the corner or a ways down the road, I've seen conflicting reports about this but what matters to us is they need to raise the exchange rate prior. So, the fact that they are even being considered is a great sign the CBI is getting ready to make their move. That is also why we speculate that Iraq RVing their currency may be an obligatory stipulation where they are concerned. That part is my own opinion but them having a convertible currency comes straight from WTO membership requirements. [post 2 of 2]
12-28-2012 Newshound Guru SWFloridaGuy It doesn't have to be a RV. It could be a RV/RI/RD/Float (which would take longer), change in peg etc. They could also use the USD as their primary currency but that's not their goal. We're hoping for and expecting a RV. [post 1 of 2....stay tuned]
12-28-2012 Intel Guru Hammerman I am under control from Homeland Security. I am not able to talk about any RV news. I will tell you...forget about the a regular RV until mid to late February. It can't happen, it won't happen until then. I don't expect the dong to go until mid February either, but not sure on the dong. There is only a 5% chance the VND goes before then. I will tell you...the stock exchange in Iraq is starting to move. Kuwait has been paid off & has agreed to let them out of Chapter 7. Talabani did not have a stroke, he is fine, that was made up information.
12-28-2012 Intel Guru Footforward It's never been a matter of "if", it's a matter of "when". I know this is going to happen. I'm not 100% sure it will be before the end of the year. I never believed we would get into 2013. Is there potential that this can still go this year? Yes. I believe that we are on the threshhold. My guys are saying that they are still looking to push this through as fast as possible, this can go at any moment, quickly. I still expect the rate to be really good. The rate needs to come in high, one dollar does not solve Iraq's problems. 12-27-2012 Intel Guru Blaino THE FACT THAT WE SEE WHAT WE DO, IS CLEAR EVIDENCE THAT SOMETHING NEW AND DIFFERENT IS AFOOT IN THE GAME OF THE IQD, WE KNOW THEY DO NOT RUN "TESTS" OF THIS SORT. LET'S NOT MAKE TOO MUCH OF THIS...NOT OVER REACT...LET'S MAKE SURE THIS IS SOMETHING AND NOT NOTHING! WE "MAY" BE IN FAIRLY CLOSE PROXIMITY TO THE REVALUATION AND WE ARE KEEPING OUR READINESS AT OPTIMUM LEVEL. [post 3 of 3....stay tuned]
12-27-2012 Intel Guru Blaino THE FACT THAT WE SEE WHAT WE DO, IS CLEAR EVIDENCE THAT SOMETHING NEW AND DIFFERENT IS AFOOT IN THE GAME OF THE IQD, WE KNOW THEY DO NOT RUN "TESTS" OF THIS SORT. LET'S NOT MAKE TOO MUCH OF THIS...NOT OVER REACT...LET'S MAKE SURE THIS IS SOMETHING AND NOT NOTHING! WE "MAY" BE IN FAIRLY CLOSE PROXIMITY TO THE REVALUATION AND WE ARE KEEPING OUR READINESS AT OPTIMUM LEVEL. [post 3 of 3....stay tuned]
12-27-2012 Intel Guru Blaino THE RATE IS BELIEVABLE, THE TIMING IS RIGHT, THE DETAILS ARE BELIEVABLE...THE "NO HOLD" CONDITION HAS TO SURVIVE AND BE RELEASED TO THE PUBLIC. IT WILL DOUBTLESS REQUIRE SOME MASTER RELEASE FOR ALL BANKS AND FOREIGN CURRENCY BOARDS, ETC...ONE BANK CANNOT RELEASE THE RV ALONE. [post 2 of 3....stay tuned]
12-27-2012 Intel Guru Blaino THERE IS NEWS...BUT I HESITATE...I'LL TELL YOU THIS MUCH...RATE DID LOCK IN ON THE FOREIGN CURRENCY DIVISION SCREENS...EXECUTIVE ACCESS ONLY...NO...REPEAT: NO "HOLD"...3+ & THIS MAY BE PENDING RELEASE TO THE PUBLIC, AND APPEARS TO BE AWAITING ONLY A CODE OF SOME KIND, TO RELEASE IT...NOT, REPEAT, NOT AVAILABLE YET!!! THIS IS NOT AN RV...YET. [post 1 of 3....stay tuned]
12-27-2012 Newshound Guru Kaperoni Article: "Conscious / Pocket citizen Imitly torn currency ... The government is incapable of finding solutions" Personally i think this is really good news. It confirms what we said...that we were not aware that Iraq had implemented what they advertised would occur in November...the replacement of worn currency. Clearly, that has not occurred. As well, we see some great highlighted areas in reference to delete 3 zeros project...but it seems serious in the recent period through what we see on television or newspapers tell us. So we have to hope that something is in the pipe to occur very shortly.
12-27-2012 Newshound Guru Doc Before you conclude we are "sour" on this investment, we are not. The risk/reward profile for this still makes it attractive in our opinion. It should continued to be viewed as a very high risk and if one chooses to invest should invest only what they can afford to lose. With that said our opinion is this is currently in the "hold" category (versus buy or sell) and due to the past performance of Iraq to get things done it appears to be a longer term type investment. We simply are of the opinion Maliki will need to be dealt with before this can move forward and that will take time. We report, you decide. [post 4 of 4]
12-27-2012 Newshound Guru Doc We are further exasperated by Parliament adjourning until January 8 which means no currency reform until at least after that date. We also believe Maliki does not want a strong currency as we have written in the past. All his actions as well as public statements seem to support this. His goal is to have total control of Iraq. He has attempted to arrest everyone who opposes him such as Shabibi and the finance minister. Maliki continues to fight with the Kurds for control of the oil which without he is basically broke. The good news here is that the international community apparently has had enough. We have seen recent intervention by the USA, IMF, UNSC, etc.. as to what in the world Maliki is doing. Hopefully the external pressure on Maliki will force him to play ball. [post 3 of 4....stay tuned]
12-27-2012 Newshound Guru Doc The question of the month is when will the fundamentals be in place? The answer is we can only speculate. Yes Iraq is working WTO, chapter 7, seating ministers, HCl and the news continues favorable around these which we believe are the fundamentals needed for a stable currency. Unfortunately these are all moving at a snails pace for our perspective. We have now seen similar articles and internal reports about these issues for several years. [post 2 of 4....stay tuned]
12-27-2012 Newshound Guru Doc Public statements by both Iraqi and International officials have indicated the world expects Iraq to be a major financial power not only in the ME but world-wide in the very near future. However to get there Iraq needs to have certain fundamentals in place such as a stable functioning government and secure assets to back the value of the currency. As we write this today Iraq has neither. If Iraq were to RV and try to trade its currency right now the most likely scenario would be for the currency to take a blood bath due to lack of supporting fundamentals. If we know this then you have to know the international community knows this too. [post 1 of 4....stay tuned]
12-27-2012 Newshound Guru Administrator Bob Article quote: "...currency is torn or is glued or subject to paste and become those currencies that circulated Iraqi citizen concern has as taking vendors and shopkeepers and markets cars are reluctant to receive money after that became this Banknotes very old without attempt to renew..." We see this article clearly stating that Iraq's currency is in dire need to be replaced. This is a direct result of the CoM/Maliki refusing to allow the Central Bank of Iraq's delete 3 zeros plan to proceed earlier this year. What new strategy will unfold is yet to be seen.
12-27-2012 Newshound Guru Med NOW, WITH MALIKI REFUSING TO TESTIFY IN PARLIAMENT, BASICALLY TAKING THE 5TH HOW CAN THEY NOT BE RUSHING TO PARLIAMENT TO VOTE HIM OUT. ANYONE KNOW WHAT IS MISSING THAT IS NOT CAUSING FEAR IN MALIKI. WHO IS PROTESTING AND WHO IS NOT? THE SUUNI'S ARE IN THE STREETS AND THE SHIA'S ARE NOT, THAT IS WHY MALIKI IS NOT SHAKING. THERE IS SO MANY ARTICLES ON RIOTS, PROTESTING, THREATS AGAINST ANYONE WHO SPEAKS AGAINST MALIKI. EVERYTHING RIGHT NOW IN IRAQ IS IN CHAOS, TOTAL CHAOS.
12-27-2012 Newshound Guru SWFloridaGuy I have no way of knowing for sure but I do feel great about where we're at going into 2013. This just could be our year, only time will tell. Hopefully, we'll all cross the finish line together soon and celebrate this long journey finally coming to an end. I would have imagined it's in their best interest to start this yesterday. It does seem like we're close. 12-26-2012 Newshound Guru SWFloridaGuy There was a great article today that said "Iraq is about to join the World Trade Organization." In my opinion Iraq applying for WTO accession is a great sign for investors because a convertible currency is necessary for Iraq to join the WTO. Certain countries who are WTO members do use the USD but Iraq's goal is for their primary currency to be the IQD and eventually dedollarize. We also believe this is an obligatory stipulation for accession where they are concerned. When the principles and policies are in place, additional negotiations will commence between Iraq and member countries. The terms will be finalized and submitted to the General Council. If 2/3 of the members vote in favor, than Iraq may accede to the WTO. I'm not saying Iraq is about to RV for that reason, I'm simply laying out the process.
12-26-2012 Newshound/Intel Guru BGG Article: "U.S. Ambassador Threatens Maliki Files Reveal Corruption Of Senior Officials." This is magnificent news for us!! The US appears to be completely fed up with the Maliki antics. They are saying as much in public. I said on a call sometime ago – the way to handle this would have been to support the correct parties (behind the scenes) and this would work out pretty quickly. This looks very much like what they are headed for. GREAT NEWS!!
12-26-2012 Intel Guru OkieOilMan via SpiritualWarrio. Okie...is extremely distressed that the forecast he made - based on the information he was given - has not occurred yet. Okie has not been told what happened, but that the news coming in is still POSITIVE. Everyone knows Okie has no control over this event and, in good faith, reported what was given to him as truth at the time.
12-26-2012 Intel Guru TerryK EVERYTHING IS SIGNED OFF IN IRAQ AND HAS BEEN FOR WEEKS AS FAR AS THEY ARE CONCERNED ITS DONE THIS IS SITTING WITH THE IMF AND UST RIGHT NOW AND THEN ONE OTHER PERSON THAT IS HOLING THE MAGICAL PEN...MY PHONE AT HOME HAS NOT STOPPED RIGING SINCE 7 AM ONE SOUCE IS TELLING ME THIS MAY GO DOWN TOMORROW ANOTHER SAID ITS TIED TO THE CLIFF...ANOTHER IS TELLING ME IT WILL HAPPEN BEFORE THE FIRST OF THE YEAR...ANOTHER IS TELLING ME 15 OF JAN AND YET ANOTHER MID MARCH SO TAKE YOUR PICK...ONE SIDE IM EXCITED ON THE OTHER IM GOING FUDGE
12-26-2012 Intel Guru Delta Iraq, the CBI, is increasing their purchase of gold to back up their currency, adding to the reserves. They started doing that back in September. This is indirectly telling us they will revalue. The rate will shock a lot of people in a good way, looks like they are looking for a higher rate. There is a banking conference that is to take place on January 11th & 12th with the surrounding middle eastern countries. If they don't have the intent or the plan to revalue their currency, than this meeting has no meaning. You cannot go international with a currency without Article 8. Article 8 is what makes your currency tradeable internationally. I truly think that 2013 will be happy for all of us.
12-26-2012 Intel Guru Frank26 They have done the final discussion on the budget. They will vote on the budget before January 20, 2012 [2013?]. The U.S. is about to put pressure on Maliki. They have been keeping a close eye on him.
12-26-2012 Newshound Guru SWFloridaGuy The Iraqi parliament decided today to adjourn its regular session until January 8 due to lack of quorum. You'd think with so many important items on the docket (CBI policy etc.), deputies would show up for work... Iraq is moving forward IMO but they sure do it at their own pace, which is way too slow for us Westerners. Despite their best efforts, I do think that Iraq will become a leader in the region. Eventually, international pressure and corporate investment will appeal to the politicians sense of greed, which makes an economic recovery most likely inevitable.
12-26-2012 Newshound Guru Kaperoni Article: "Expert: system (split national) will promote the credit card business and facilitate the circulation of money in the market" This seems like a very important step to get implemented. IMO...this seems like something that would occur "after" they raise the value. Otherwise, they could have a real problem dealing with accounts/removal of zeros etc. afterwards. The good news is they want to do it "early 2013" which means the change in value could be before or near that time frame.
12-26-2012 Newshound Guru Med NOW MALIKI HAS SNUBBED HIS NOSE AT PARLIAMENT - THIS TO ME IS CALL FOR A NO VOTE- HE HAS THUMBED HIS NOSE AT THE CONSTITUTION AT THE PARLIAMENT. IF SHABIBI HAD REVALUED BACK IN NOV 09 NONE OF THIS WOULD BE HAPPENING. 12-25-2012 Intel/Newshound Guru Poppy3 DO YOU GUYS REALIZE HOW GREAT ALL THE NEWS SOUNDS FOR US RIGHT NOW AND HOW PROMISING AND DILIGENT THE PRESIDENTS HAVE BEEN. IT IS VERY ENCOURAGING. BGG AND...I ...ARE JUST PLAIN TIRED BUT WE BOTH HAVE A GREAT OUTLOOK FOR THE NEXT COUPLE WEEKS AND ALL THE POSSIBILITIES AND THESE ARE VERY PROBABLE POSSIBILITIES. VERY ANXIOUS ABOUT THE UNSC AND THE 27TH AND THEN JAN 1.
12-25-2012 Intel Guru BOBGETZ6 An analogy from a friend...All of the turmoil reported in regard to Iraq is not exactly correct. It is kind of like owning a piece of property and someone else has the water rights. There are small details, which need to be ironed out, and that is getting done. This is a huge event and like all other large scale situations, as in big business deals, at the very last moment, something pops up. The bottom line is, once satisfied; we will see what we have awaited. In his opinion, based on his intel, which I have grown to respect, we are very, very, close. As to the timing, who knows? I just finished a conversation with this person and the news is fresh.
12-25-2012 Intel Guru Freeway Bill The Treasury is being given with 1.5 trillion dollars that was taken from the Reagan Wanta program and retrieved by the same people controlling this blessing's timing. The Iraqi Stock Exchange is going online tomorrow (Christmas Day) and there are firm reports of movement towards the end of this journey. Just a tidbit of thought...Can you have a stock exchange without a currency? Can you have international commercial flights in and out of your country without your own currency? I have said all I can say right now.
12-25-2012 Newshound Guru Mailman17 I LIKE WHATS HAPPENING VERY MUCH AND I LIKE THE FACT THAT THE WORLD BANK STILL HAS NOT CANCELLED THEIR LOAN AGREEMENT. THAT TELLS ME THEY KNOW WHATS COMING AS WELL. THEY KNOW FULL WELL AS LONG AS MALIKIS IS IN OFFICE THAT LOAN WOULD NEVER HAVE BEEN APPROVED BUT ITS STILL THERE HENCE THEY KNOW SOMETHING. I AM SECURE IN THIS INVESTMENT AND IT HAS BEEN A HARD NUT TO CRACK BUT WE WILL SEE THE END WHETHER MALIKI IS THERE OR NOT. ITS NOW AT THE END...JUST WAIT.
Read more: http://www.dinarguru.com/index.html#ixzz2GM4HUg1V
12-24-2012 Newshound Guru SWFloridaGuy [u think this will go thru feb?] I really don't look at this by way of timelines. I really have no idea and nothing points to a certain time frame over another. When it comes to the dinar we can't say anything that relates to a date or rate with an inexorable certainty. All we can do is hope it's sooner rather then later and follow the progress, of which there has been plenty to feel encouraged about.
12-24-2012 Newshound Guru Phoenix3333 Article: "The Board completed the discussion of the draft budget law of the Federal Republic of Iraq for the fiscal year 2013 and submitted by the Committees of Finance and Economy and Investment. House of Representatives votes on the eight laws and complete discussion of the federal budget." Iraq Budget Talks Complete. Parliament returns on Wednesday. House of Representatives votes on the eight laws and complete discussion of the federal budget.
12-24-2012 Newshound/Intel Guru BGG Article: "Parliament rejects names security leaders nominated Al-Maliki" Looks like Maliki tried to pull another fast one by submitting names for the Security Ministries that weren’t agreed upon (basically his own guys) and Parliament sent them packing.
12-24-2012 Newshound/Intel Guru BGG there is magnificent amounts of pressure being applied to Maliki right now. This is excellent news for us!!
12-24-2012 Newshound Guru SWFloridaGuy I am still VERY confident that we will see large profits from this. I just recognize that it's not a given and that neither side (Lop or RV) can prove their arguments at this point. Many are saying that I encourage others to believe in all Iraqi articles. Quite the contrary, I don't believe in most Iraqi articles actually. I do believe that the HCL, Chapter VII, permanent ministers and a power sharing GOI etc., are all great indicators of general progress though. The only problem is the GOI and CBI has shown very poor punctuality. I have no idea what path the CBI is going to take for sure...this has been a learning process for us all. All we can do is let this play out, continue to speculate and hope for the best.
12-23-2012 Newshound Guru LoriC The article from the CBI is encouraging. However, it does not directly signify a float. The CBI made a decision authorizing the CBI governor to reduce the sale price of the dollar as the market demands. This could apply to many different large appreciation scenarios including a RV/RI. We know that they would never RV to the goal rate because then they would lose their opportunity to buy back at profits. Also, they could RV then float. They can't tell us they are going to RV. No country has ever announced to the world they were going to RV prior. If they changed the peg this could apply to the new rate also. If you look at what different options the CBI has in raising the rate, of which there are many, you will see that raising the rate as the market demands is a very common element.
12-23-2012 Newshound Guru Randy Koonce Under the circumstances with Talabani, he will be out of the picture, he's gone. He was a buffer between Maliki & Barzani. Maliki is now meeting with Barzani. They have to come to an agreement regarding Erbil. 90% of the oil is coming out of Kurdistan. Maliki wants out of chapter 7 that's why he is interested in making a deal with Barzani. We are waiting on an agreement, I think within 4 or 5 days, then we will be sitting pretty. There is extreme pressure for Iraq to get things done. They can't open their budget until they RV because they don't have enough money, enough weight, this is another pressure point. From what I heard, the rate could be adjusted maybe a little higher, no less than $3.41, a managed float. This thing is coming to a head. We should see a lot of good things in the next few weeks.
12-23-2012 Newshound Guru Newmonies Article quote: "stating that its actions in autocracy unacceptable and that Iraq can not be judged the way it operates by the Prime Minister" THAT STATEMENT SAYS IT ALL. IF THEY ARE TO MEET WITH THE UNSC IRAQ WOULD BE BLAMED UNFAIRLY FOR THE ACTIONS OF IT'S...PRIME MINISTER AL-MALIKI. I BET WHEN HE TOLD MALIKI THAT IT DID MAKE HIM SICK. THIS IS GETTING VERY EXCITING. [post 2 of 2]
12-23-2012 Newshound Guru Newmonies Article: "A source in the Prime Minister's Office: Maliki exposure to a health crisis yesterday after a meeting with U.S. Ambassador" "Maliki told a strong message from the American administration stating that its actions in autocracy unacceptable and that Iraq can not be judged the way it operates by the Prime Minister" THEY CANCELED THE UNSC MEETING SAYING IT'S DUE TO MALIKI'S HEALTH, AS IN HE IS SICK, YEAH RIGHT. THEY TOLD MALIKI...THEY WOULD NOT HAVE ANY TYPE OF SUCCESSFUL MEETING WITH THE UNSC WITH ALL ...HE HAS PULLED. I WOULD ALSO BET YOU THEY TOLD MALIKI THERE WAS NO WAY...THAT IRAQ WOULD BENEFIT FROM MEETING WITH THE UNSC UNTIL HE DID WHAT HE HAD AGREED TO AND IF HE DID NOT DO IT. THEN THE BLAME WOULD REST ON HIS SHOULDERS. [post 1 of 2....stay tuned]
12-23-2012 Newshound Guru Kaperoni That is as clear as it gets. The BSA cleared Shabs and Saleh.
12-23-2012 Intel Guru SteveI It will be after Christmas... I feel we will have this done within the next (less than) two weeks.
12-23-2012 Newshound Guru SWFloridaGuy Whether there are several incremental adjustments or a historical large currency appreciation of 100,000% to get us to 1 to 1, I do think Iraq will accomplish returning their currency to it's previous levels by increasing the value of the paper currency in a quantitative sense in relation to the current value of 1 USD. The global monetary system is broken and although the IQD is not the world's savior by any means, I do believe Iraq presents a unique opportunity and may serve the role of a fulcrum in its recovery. [post 3 of 3]
12-23-2012 Newshound Guru SWFloridaGuy We have seen a lot of progress though in these areas as far as the dialogue goes, which gives us hope announcements may be made and laws/amendments may be passed (read into the gazette), fairly soon. I absolutely am of the belief that we're going to see a large profit from this and Iraq has many options when it comes to how they can achieve a higher exchange rate with a value somewhere on par with the USD or (eventually) somewhere next to the value of their neighbor Kuwait. "Eventually" being the key word in that statement. [post 2 of 3....stay tuned]
12-23-2012 Newshound Guru SWFloridaGuy Iraq is not out of Chapter 7, Iraq still has not passed the HCL, permanent ministers are not seated and China is not in control of Iraq's currency. The CBI, Finance Committee, United Nations and CoM have all said that reform (power sharing, HCL, ministers, Strategic Council, Article 140 etc), that supports stability is necessary to move forward both economically and politically. Maliki could certainly throw a wrench in the process as he's done many times in the past but of course we hope that's not going to be the case for once. [post 1 of 3....stay tuned]
12-22-2012 Intel/Newshound Guru Poppy3 STEVE 1, WHO SUPPOSEDLY HAS A COMMUNICATIONS BUSINESS IN IRAQ, IS CALLING THE RV AND WHAT MAKES ME PAY ATTENTION IS HE ALSO HAS NOW CONFIRMED WHAT I WAS SAYING THAT BAN KI MOON WILL HAVE THE MEETING WITH ALL UNITED NATIONS AND MAKE ANNOUNCEMENT ON THE 27TH LIKE MY WASHINGTON CONTACT SAID WAS THE SCHEDULE AND I TOLD ALL OF YOU THAT TWO ALMOST 3 WEEKS AGO. I WOULD LIKE TO BE THE VERY FIRST TO SAY STEVE 1 WAS THE FIRST TO CALL THE RV CORRECTLY. IT SHOWS ME HE RECEIVED THE SAME DATE I DID ON THE ANNOUNCEMENT ABOUT IRAQ FROM THE U N .
12-22-2012 Intel Guru Poppy3 Article quote: "In their meeting today, members of Iraqiya slate, promised to adopt a strong and firm stand toward Maliki's government, in response to the arrest of bodyguards of the Finance Minister, Rafi al-Essawi." ...it apeers to be as I had suspected and predicted they are planning to move ahead without Talibani and seem to even be more determined than ever. STILL URGENCY IN THEIR ACTIONS.
12-22-2012 Intel Guru SteveI It has been reported that the budget is now in the new dinar, which would have to have a better value than what it is now, or why go thru the steps to do this. I still stand behind my prediction of $3.46 (plus or minus a penny or two). I will bet my every dinar on that. You cannot be a strong currency in the region at anything less than close to Kuwait, PERIOD. I am so confident that this is almost over, I am now serious about rapping up life as I know it, as it is about to change in a big way, as will yours. Unless something drastic takes place (which I do not see now at this point) we are good to go. Last week I said we were on final approach. Well, the wheels have just hit the tarmac. [post 2 of 2]
12-22-2012 Intel Guru SteveI [WHO THINKS WE WILL SEE THE RV BEFORE THE END OF THE YEAR?] I have never felt better. Matter of fact, here is how I feel it will play out. I will officially go on record with this. I think it will happen in this order. The Parliament will pass the 2013 budget and put it into law within the next several days. Next, Ban Ki moon fully supports the lifting of Iraq from Chapter VII. I believe you will hear the announcement made official for sure next week, probably on or before the 27th. I think you will see a revaluation shortly after that so everything can be in place prior to the first. [post 1 of 2....stay tuned]
** 12-21-2012 Dinar Guru BREAKING NEWS ** Maliki's GOI just arrested the special guards of the Minister of Finance and Maybe the Finance Minister Rafie al-Issawi too. This is BIG. So big its grabbed President Obama's attention... He has made phone calls to Iraq to see what is going on with this situation. The US embassy is not happy either. First the CBI and now the minister of Finance...More as it developes...stay tuned.
12-21-2012 Newshound Guru Enorrste Article - "Issawi confirms arrest of 150 individuals from protection and calls for Maliki to resign because he did not protect the key ministry" now is the time for Allawi and Al Sadr to step up and join forces with those who attended the press conference. It is clear that the Kurds will join in, since they are almost at war with Maliki anyway! The fact that some of the protesters are from Maliki's own side is also important. The problem comes down to courage, ultimately. We all know that they almost succeeded several months ago with a no-confidence motion, but that Talibani wavered and then Al Sadr backed out. They cannot do this without Al Sadr, in my opinion...perhaps in the next few days something will "gel" and get the ball moving again.
** 12-21-2012 Dinar Guru BREAKING NEWS ** Maliki's GOI just arrested the special guards of the Minister of Finance and Maybe the Finance Minister Rafie al-Issawi too. This is BIG. So big its grabbed President Obama's attention... He has made phone calls to Iraq to see what is going on with this situation. The US embassy is not happy either. First the CBI and now the minister of Finance...More as it developes...stay tuned.
12-21-2012 Newshound Guru Enorrste Article - "Issawi confirms arrest of 150 individuals from protection and calls for Maliki to resign because he did not protect the key ministry" now is the time for Allawi and Al Sadr to step up and join forces with those who attended the press conference. It is clear that the Kurds will join in, since they are almost at war with Maliki anyway! The fact that some of the protesters are from Maliki's own side is also important. The problem comes down to courage, ultimately. We all know that they almost succeeded several months ago with a no-confidence motion, but that Talibani wavered and then Al Sadr backed out. They cannot do this without Al Sadr, in my opinion...perhaps in the next few days something will "gel" and get the ball moving again.
12-21-2012 Newshound Guru Phoenix3333 BREAKING NEWS - Nijaifi, Mutlaq, Essawi hold meeting behind closed doors. Leaders of Iraqiya slate, Usama al-Nijaifi, Saleh al-Mutlaq and Rafi al-Essawi held a meeting behind closed doors to discuss the effects of arresting Essawi's guardsmen. Informed source said on Friday, Dec. 21, that members of Iraqiya slate demanded the immediate release of the detainees.
12-21-2012 Newshound Guru Med I SEE THERE ARE DEMONSTRATIONS ALL OVER IRAQ AND THE INTERNATIONAL HIGHWAY HAS BEEN CLOSED BY IRAQI TRIBES DEMANDING THE RELEASE OF ALL ISSAWI'S MEN. I SEE THAT OBAMA SAYS THIS IS AN INTERNAL AFFAIR...BS, WE PUT MALIKI IN OFFICE KEPT HIM IN OFFICE HOW CAN WE NOT SEE THAT THIS IS STILL AN ONGOING THREAT PEACE IN THE REGION. HONESTLY THERE WILL BE BLOODSHED THIS IS GOING TO COME DOWN TO THIS I THINK.
12-21-2012 Newshound/Intel Guru BGG It seems likely there will be a new president of the Republic. I have to take responsibility for saying Talabani was dead, but there is a serious heath situation with him. It looks like Barzani is seeking the presidency. Also, a strong candidate, Najafi is a possible alternative to Talabani & the Kurds submitted their primary negotiator guy. Najafi will be the easiest candidate for Maliki to work with. Barzani is a candidate and if that happens it will put a lot of pressure on Maliki. His first order of business will be to remove Maliki if he doesn't do something serious to appease everyone involved. This is obvious good for us.
12-21-2012 Intel/Newshound Guru Poppy3 I'm real excited about what is going on in Iraq. I don't think the situation with Talabani will be a set back. The UN was to have a meeting on the 27th & Moon was to make an address about Iraq. Hopefully that schedule continues.
12-21-2012 Newshound Guru Med THE STORY ON ISSAWI...BIG MISTAKE BY MALIKI TODAY BIG. HE HAS SET OUT AGAINST SUNNI'S FIRST HASHEMI THEN ISSAWI, BOTH TOP SUNNI'S AND BOTH FROM THE IRAQI LIST.
12-21-2012 Intel Guru TerryK tomorrow [Friday?] is the end of the world as we know it. we are looking at a new start with the fed reserve. so keep your eyes open tomorrow ok. just telling you all tomorrow is a big fricking day...watch, it's what i am not spose to chat about but i gotta let you know, it's a big friccccckiingg day. i just got another call, grrrrr, again told to shut up, so with that i'm shutting up.
12-21-2012 Intel Guru Okie_Oil_Man THE INFORMATION RECEIVED IN TODAY IS THE MOST PROMISING THAT I HAVE EVER RECEIVED. WE ARE NEARING THE VERY END OF OUR JOURNEY. [are we still looking for a green christmas?] THAT IS WHAT I AM BEING TOLD AT THIS EXACT TIME. THINGS ARE POSITIVE BUT FLUID. [post 4 of 4]
12-21-2012 Intel Guru Okie_Oil_Man GOOD LUCK TO THE NEW'S HOUND'S THAT CONSTANTLY CHASE IRAQI NEW'S. YOUR FOCUS WOULD BE BETTER SERVED CONCENTRATING ON WHAT IS OCCURRING IN OUR OWN COUNTRY AND IT'S DIRECT RELATION TO THE FUTURE U.S.A. FINANCIAL CONDITION AND HOW IT WILL DIRECTLY IMPACT EACH OF US INDEPENDENTLY. [post 3 of 4....stay tuned]
12-21-2012 Intel Guru Okie_Oil_Man IN YEAR'S PAST IRAQ HAD A KEY INFLUENCE IN DETERMINING THEIR CURRENCY VALUE BY HOLDING IT AT A PERCEIVED VALUE OF APPROXIMATELY 1170 DINAR'S PER DOLLAR. THEY RELINQUISHED THAT AUTHORITY AS STATED ABOVE AND THE U.S.A HAS HAD A QUASI GOVERNMENTAL INFLUENCE ON THEIR VALUE OF THEIR CURRENCY UNTIL THEY GAVE OVER THE AUTHORITY TO THE ABOVE MENTIONED ENTITIES. [post 2 of 4....stay tuned]
12-21-2012 Intel Guru Okie_Oil_Man WHAT GOES ON IRAQ IS INTERESTING AND OF HISTORICAL VALUE--IT HAS NOTHING WHATSOEVER TO DO WITH THE C/E OR R/V. IRAQ SIGNED OFF MONTH'S AGO THE AUTHORITY OF THE DETERMINATION OF THE VALUE OF THEIR CURRENCY TO THE B.I.S--THE I.M.F --AND THE WORLD BANK. WHAT IS STRANGE IS SO MANY DOESN'T REALIZE THAT. [post 1 of 4....stay tuned]
12-21-2012 Newshound Guru Tlar I find it very interesting that all of these accusations about Maliki are coming out at this time following the arrival of the international community to protect the bank. To me it is starting to look like a well-orchestrated movement that is now receiving leaked documents of all kinds of meant to incriminate Maliki and the SOL and erode their base. We know the CIA and intelligence community are knee deep in Iraq. I personally believe that someone has given the green lite to destroy Maliki. There is just too much leakage in the last two weeks about him to just be a coincidence. Whoever these powers are, they have decided to get rid of Maliki. I think behind the scene, everybody is involved both within and without of the country. 12-20-2012 Intel Guru OKIEOILMAN - [Is the US the cause of this RV delay, if not who is] YES THE USA HAS BEEN THE RESTRICTING FACTOR WAITING ON SPECIAL EVENT'S TO OCCUR...--SERIOUS STUFF GOING ON IN D.C. [Is is still a good idea to exchange into other countrys currency instead of US?]--SOMETHING VERY WORTHWHILE TO CONSIDER--AT LEAST PART OF IT [Do you think USA currency will stay the world standard?]--NO--THEIR WILL BE 5 ACCEPTABLE CURRENCIES IN THE NEXT 5 YEARS...DINAR--DOLLAR--YEN--RUBLE--RIAL--NEW GULF COUNTRY DENOMINATION...I DON'T HAVE ALL THE ANSWERS BUT HAVE SOME--SOON I HOPE TO REVEAL QUITE A STORY AND YOU WILL UNDERSTAND WHAT THE DELAY'S HAS BEEN CAUSED BY
12-20-2012 Intel Guru BOBGETZ6 I am hearing very positive things, which do not necessarily mean now or done. I won't post that which I have heard as confirmation, at this point, is of most importance. I am not hearing anything negative, so that in and of itself, is good.
12-20-2012 Newshound Guru Kaperoni Article: "Authorization governor «Central» the power to raise the value of the dinar" Keep in mind, if the CBI was able to do what they want, it would have been done months ago. So the reality is, what the Parliament and CBI want, is not necessarily going to happen...at least as long as Maliki has control. He made it clear last year he didnt want to raise the value. We have to hope either he is removed, or told to stay out of the CBI business (and its enforced). Otherwise, IMO he will keep stopping this event.
12-20-2012 Intel Guru Bulldog75 Article: "The governor of Basra behind Abdul Samad, signed with the Mayor of the city of Houston U.S. amiable Parker, a twinning agreement cities of Basra and Houston," reiterated his call that launched in Washington for airlines "to start direct flights between Houston and Basra, in addition to inviting specialized companies to invest in the port of Faw and the great port of Basra." FOLLOW THE MONEY HONEY! OUR MANNA COMES FORTH SOON TO NOW.
12-20-2012 Newshound Guru Adam Montana There is no way that Iraq will get out of Chapter 7 without a harmonious agreement on Erbil/HCL/etc. The exact order of the events is not important, but the big picture must be completely painted before anything will happen. So, if there is a "closed door" agreement to complete Chapter 7, or HCL, or Erbil - then any of them can happen first with the understanding that the rest of the chips will IMMEDIATELY fall into place. In other words, if the agreements are in place... it doesn't matter which happens "first". They can all happen at the same time, and we will simply hear about one before the other. We might THINK one happened first, but the truth is they will all be decided and agreed upon before we even know about the "first" one.
12-20-2012 Newshound Guru Med PARLIAMENT HAS NO LAW THAT PUNISHES MALIKI FOR DOING THIS. HE LEGALLY STOLE MILLIONS OR BILLIONS FROM THE AMOUNT THEY POSTED. IS THAT NOT OUTRAGEOUS? I CAN TELL YOU EASILY THE SAME REASON WHY MALIKI DOES NOT WANT TO GIVE UP THE OIL, HE USES THE OIL REVENUES TO PAY HIS OVER PRICED GVT [GOVERNMENT] EMPLOYEES WHICH IS 10 X WHAT IS NEEDED ACCORDING TO THE IMF. [post 2 of 2]
12-20-2012 Newshound Guru Med DID YOU READ THE REPORT BY TUKRI ON MALIKI. MALIKI HAS BEEN PAYING HIMSELF AT A RATE OF EXCHANGE OF 180 DINAR TO 1 USD UNDER THE TABLE. THEY GIVE THE YEARS AND THE YEARS HE COLLECTED 500 TO 1, SINCE 04. HE HAS NOT GOTTEN APPROVAL FROM PARLIAMENT, ONCE FOR AN INCREASE IN PAY, HE JUST GAVE IT TO HIMSELF. [post 1 of 2....stay tuned]
12-20-2012 Intel Guru TerryK We can hope that we have a green Christmas. We don't know that we will. Some people are hanging on this and hoping for this...timing is not in our control...we have to wait on someone else's timing...a lot of things are in the process; I'm very excited.
12-20-2012 Newshound Guru Kaperoni Article: "Deputy for the rule of law reveals collect 122 signatures to reduce the budget of the Kurdistan region" This is exactly what I said a week ago pertaining to why Maliki does not want to change the value of the dinar. At the current exchange rate, he can keep his finger and control over all tribes and areas of Iraq. Once there is wealth, he loses control.
12-20-2012 Intel Guru TerryK [Does Talabani's health have any bearing on timing?] NO IT DOES NOT. TRUST THIS ITS ALL ABOUT THE USA RIGHT NOW, ITS ALL ABOUT THE 40% CAPITAL TAX...WHEN THAT IS RESOLVED YOU MAY SEE SOMETHING OR NOT
12-20-2012 Newshound Guru Newmonies WE CANNOT IMAGINE THE POWER STRUGGLE THAT IS GOING ON RIGHT NOW BETWEEN MALIKI/SLC AND BARZANI/KDP...NAMING A NEW PRESIDENT IS GOING TO BE THE BIGGEST POLITICAL FIGHT MALIKI HAS EVER BEEN IN BECAUSE IT WILL DETERMINE MALIKI'S FATE. THIS IS GOING TO GET VERY EXCITING AND I MEAN THIS IN A GOOD WAY AND DON'T THINK THAT FOR ONE MINUTE ALLAWI ISN'T GOING TO BE JUMPING UP AND DOWN WANTING THIS POSITION. HE WILL BE ALL UP IN THE MIDDLE OF THIS ONE
** 12-19-2012 Dinar Guru NEWS UPDATE ** Gurus reported President Talabani had a massive stroke...US and Iraqi news outlets reported this as well. Several gurus reported he passed others reported he was ill but now recovering. Nothing official either way yet. Its been over 24 hours and no one knows what the PRESIDENT'S status is...This is unfathomable to think of happening in the US-- (Its clear why there is so much conflicting info on the dinar) If he is incapacitated, Its reported the Constitution of Iraq dictates they have 30 days to elect a new president...the current vice president fills the seat until then. We do not know how this effects the dinar investment. We are piecing it all together now...stay tuned as further information becomes clear. We'll bring you the latest. 12-19-2012 Newshound Guru Kaperoni For all practical purposes one would assume they need a convertible currency if they are going to open up to international trade via the stock market or any other services. Iraq though has been able to "Band-Aid" this to set up certain banks to handle the transactions. In the case of the ISX, they recently created a "custodial" banking partner who acts as the middle man on all ISX transactions so one does not have to be in Iraq or have an account in Iraq to participate. This though is not a real solution, but as I said a Band-Aid. If Iraq truly wants to be "open" to the world in all aspects, IMO they need to make the dinar internationally convertible and accepted by changing to Article 8 under the IMF guidelines.
12-19-2012 Newshound Guru Adam Montana [Might the CBI still be a bit hesitant to RV right away, if they can just keep on selling Dinar for our dollars? But, I expect X,Y has to cross on the graph sometime.] you're 100% right - X and Y have to cross at some point. In my opinion, that crossing will happen sooner than later - obviously there is benefit to selling the Dinar, but the benefit of Revaluing is higher, so that junction can't be too far away.
12-19-2012 Intel/Newshound Guru Poppy3 [I thought poppy said it was the 27 the next time the UN meets, this is great news.] I did say the 27th and at this time that is the next day the u n will have a full membership in meeting and that is the date that was stated to have iraq on their agenda to discuss and make announcements about sanctions or change in chapter 7 status. the full agenda or direct points are not known nor is what the announcement will be about, thats why it is a announcement .
12-19-2012 Intel Guru BOBGETZ6 Just spoke with my friend...and he feels as if this is very close. If it takes even until June of next year, and he doesn't think it will be that long, relax as we will all be rich. He is...very well connected both here and abroad. Everything appears to be in sync and more so than ever in the past. He did say however that his antenna are up...More so than ever.
12-19-2012 Intel Guru TerryK I PASS ON WHAT THE SOURCES GET, RIGHT, WRONG, BAD OR GOOD, THATS A RUMOR. YOU ALL KNOW IM IN HOUSTON RIGHT. IM GOING HOME ON THE 21, IM TAKING ALL MY STUFF WITH ME...LEAVING NOTHING BEHIND. I DONT ANTICIPATE COME BACK TO WORK OK. NOW THAT DOES NOT MEAN THINGS COULD CHANGE.
12-19-2012 Intel Guru Freeway Bill KEEP YOUR EYES OPEN ...TIS THE SEASON AND ACTUALLY THE DAYS AND HOURS RIGHT NOW TO JUST SIT BACK AND WATCH AND LISTEN AND TAKE IN THE REALITY OF WHAT IS ABOUT TO HAPPEN TO THIS WORLD...OVER THE NEXT FEW DAYS...
12-19-2012 Newshound Guru Doc Much to do has been made over the articles stating the Governor of the CBI has been given permission to use whatever mechanism to raise the value of the dinar. We must be missing something since the Governor has always had that power. As we reported in our last update we believe there is a power struggle going on. We have Maliki with dictator illusions versus rest of Iraq wanting true power sharing. [post 2 of 3....stay tuned]
12-19-2012 Newshound Guru Doc Fortunately we have seen "outside" influences such as UN, IMF, etc apparently exerting pressure on Maliki to conform. Our opinion is the article concerning the mechanisms are Maliki saving face which if correct we find very encouraging. Everyone is aware to have a stable currency you need a stable GOI backed by consistent assets. In our case a stable GOI and HCL in place. The problem is the RV is stuck in the middle. Maliki hasn't supported it and the "outside" influences seem to be using chapter 7 as their bargaining chip. All the talk of everything's done is way premature. The report to the Secretary-General of the UN stated such. We do remain cautiously optimistic in the near term but as always need to see closure around some key issues like HCL. We report, you decide. [post 3 of 3]
12-19-2012 Newshound Guru Doc It is absurd to insinuate Talabani's recent health issue was staged. He has a history of this type of issue. There is no tie with this event and what happened in Kuwait when its currency was RI'ed. We continue to see some reports that he has died but more trusted sources are reporting his condition actually was raised to "stable". In either case he was the voice of reason between Maliki and the Kurds. We fear those negotiations may take longer due to his absence. As we have said getting the HCl in place is a critical step toward currency reform. [post 1 of 3....stay tuned]
12-19-2012 Newshound Guru Adam Montana ...we are still watching the tennis match between Iraq and the UN, Kurds and Shiites, etc...if all the cards are playing in our favor, there will be an RV tomorrow (just in time to buy some BIG Christmas presents!) but most likely this is going to drag out and not happen until AFTER the new year. I know many of you will be looking at me like the Christmas Grinch right now, and I apologize for that...but as always, I'm not here to sugar-coat things. [post 3 of 3]
12-19-2012 Newshound Guru Adam Montana I'll indulge all the conspiracy buffs for a moment: this COULD be a genius ruse, taking him out of the spotlight so they can RV in a swift and unstoppable manner. This could be Chapter 2 in the "Take Out The Key People" saga, where Shabibi was Chapter 1. This COULD be a great opportunity for magic to happen (when the Cat's away, the Mice will play!) but quite honestly...I think it's simply another set-back for Iraq, which will delay their plans for the inprovement in the value of the Iraqi Dinar. [post 2 of 3....stay tuned]
12-19-2012 Newshound Guru Adam Montana there are a LOT of questions this week about Talabani - he is not dead. But, obviously this DOES have an impact on the Dinar - there are two possible scenarios here: 1. He had a heart attack. Being President of any country is stressful, I don't know who cooks his meals, but he doesn't look like he eats extremely healthy and his job isn't exactly easy... so it's very possible that he actually did have a heart attack and not much is going to be happening until his vital signs are stable one way or another. 2. - actually there is no 2. The heart attack is real, he is really in the hospital, and we have no way to know what will happen between now and the time he is "publicly" declared "not in the hospital". [post 1 of 3....stay tuned]
12-19-2012 Newshound Guru SWFloridaGuy He's [Talabani] definitely not doing fine. That's where the politics comes into play. IMO it's the other way around. They've been downplaying his health issues for a long time. Stabilized most likely or in a coma. Probably in serious condition but stable. Who knows...just wait and see.
12-19-2012 Intel Guru TerryK [still on gag order? How long?] UNTIL WED NOON, IS WHAT I WAS ASKED. THERE ARE THINGS IN THE WORKS THAT I CAN'T TALK ABOUT BUT ITS GOOD. ALL GOOD.
12-19-2012 Newshound Guru Mailman17 NOW THAT BRINGS US TO MALIKI. THE NO VOTE IS STILL THERE BUT MORE THAN 2 TERMS IS ALSO THERE. WILL THEY ALLOW HIM TO GO TO MARCH? THEN, SEE YA? THAT WE MUST SEE WHAT THEY DO. MALIKIS DAYS ARE NUMBERED. TIMING WAS NEVER AN ISSUE, THIS WILL GO DOWN AS PLANNED WHETHER MALIKIS THERE OR NOT. IRAQ IS IN A VERY HURRIED TIMELINE TO MAKE THIS HAPPEN. WE SHALL WAIT, TICK TOCK. [post 4 of 4]
12-19-2012 Newshound Guru Mailman17 THEN THERES SHABS, WILL HE SEE THIS THROUGH? I DONT THINK SO, BUT HIS FOUNDATION IS SET IN STONE AND HIS PLANNING WILL GO ON SCHEDULE, IMO, WHETHER HE COMES BACK OR NOT. TURKI IS A TEMP. DEPENDING ON WHAT HAPPENS WITH MALIKI...I TRULY DONT SEE TURKI BEING THERE FOR MUCH LONGER. [post 3 of 4....stay tuned]
12-19-2012 Intel/Newshound Guru Poppy3 I SEE THIS AS A VERY POSSIBLE GOOD THING. TALIBANI HAS BEEN THE ONE AT LEAST 3 TIMES THIS YEAR...ALLOWED MALIKI TO GET OUT OF THE CORNER THEY HAVE HAD HIM IN AND NOT VOTED HIM OUT. THAT WOULD HAVE REMOVED MALIKI MONTHS AGO AND RV WOULD HAVE HAPPENED. SO IF HASHEMI, THAT HATES MALIKI ...WOULD RETURN IN TALIBANI'S POSITION...THAT WOULD BE GOOD FOR US. [post 2 of 2]
12-19-2012 Intel/Newshound Guru Poppy3 RIGHT NOW THERE ARE SEVERAL PECULIAR THINGS HAPPENING LIKE TALIBANI HAVING THIS STROKE IMMEDIATELY AFTER A MEETING WITH MALIKI??? SOUNDS VERY SUSPECT TO ME. THEN THE ONLY DOCTORS EXAMINING HIM ARE AT THE BAGDAD HOSPITAL THAT IS CONTROLLED AND FUNDED THROUGH MALIKI'S GOVERNMENT??? YES, VERY SUSPECT INDEED. [post 1 of 2....stay tuned]
12-19-2012 Newshound/Intel Guru BGG So now we have Talibani miraculously raised from the dead?? Wikipedia had him dead and buried earlier. whether he did or not - at some point it will become the perception that Maliki had something to do with Talabani's condition. It looks very fishy - and at some point - perception becomes the reality.
12-19-2012 Newshound Guru Mailman17 THE OTHER THING THAT WAS STATED BY MOON WAS ALSO VERY INTERESTING, DEBT RELIEF DONE BY 2015. DONE, NOT STARTED, NOT IN THE MIDDLE, DONE. LETS FACE IT IRAQ CANNOT RELIEVE ITS DEBT WHOLE...BY JAN 1, NO WAY. KUWAIT..YES. PARIS CLUB...NOPE. BUT IF MOON WAS THERE TO GAIN NUMBERS REGARDING IRAQS FULL DEBT RELIEF...HE THEN CAN GIVE THE UNSC A TIMELINE. WHEN YOU GIVE MOON AN AGREEMENT...IRAQ BETTER COMPLY AND I THINK THEY WILL. [post 2 of 4....stay tuned]
12-19-2012 Newshound Guru Mailman17 I DO THINK, ALTHOUGH UNFORTUNATE FOR TALABANI, THIS IS GOOD FOR US AND IRAQ. JAN 1 IS STILL A DEADLINE FOR ME. TIME IS CLOSING IN FAST. SOMETHING HAS TO BREAK AND QUICKLY. THE MERE FACT THAT THEY ARE SO ADAMANT ON GETTING THE BUGET RATIFIED AND IN PLACE BY JAN 1 IS PROMISING. THERES MORE GOING ON THAN THEY ARE LETTING GO INTO THE MEDIA. CHAP 7, THEY WILL WAIT FOR IT AND MAYBE AWHILE BUT LIKE ALL WE ALL KNOW...NOT NEEDED. [post 1 of 4....stay tuned] ** 12-18-2012 Dinar Guru BREAKING NEWS ** Gurus are reporting President Talabani has had a massive stroke...Newspapers have reported he's in the hospital on respirator. Several gurus are reporting they have confirmed he has passed but nothing official yet. Several newspapers have reported he is fine...Regardless our thoughts and prayers go out to his family and country. It is also reported the Constitution of Iraq dictates they have 30 days to elect a new president. We do not know how this effects the dinar investment. We are piecing it all together now...stay tuned as further information becomes clear. We'll bring you the latest.
12-17-2012 Intel Guru Amadden i can stand behind Terry and we were told that this cannot be leaked.
12-17-2012 Intel Guru TerryK wow, do i have news...i have a gag order, no crap, if that tells you anything... i do have some hot frickin news...i have had 1 visit from my guests here in the hotel and i have gotten like a dozen calls saying you better not.
12-17-2012 Intel Guru Bluwolf Looks like the wh [White House?] got what they wanted on the tax on the rich, if so everything looks good from this point on.
12-17-2012 Intel Guru BOBGETZ6 I heard some encouraging news this afternoon and it came from someone who is not chat involved. This person studies Iraq, a lot, and feels as if they have been working feverishly the last two days, to accomplish whatever needs to be done. It is too early yet to obtain the results, but this person was positive.
12-17-2012 Intel Guru Bluwolf looks like we might be able to have a wonderful and prosperous Christmas, if the white house gets the deal on the taxes on the rich like i have expressed. Imo if these agreements are on the presidents desk soon [like in a couple of days] this rv should be around by Christmas, i think the timing is just great at this point in time, remember that with the taxes the capitol gains will fall into play as well [it shall appear like a thief in the silence of the night] and the rates have not changed at all so lets keep it real...hold on to your faith for all is about to appear.
12-17-2012 Intel Guru Okie_Oil_Man I AM RECEIVING INFORMATION IN TODAY THAT IS VERY PROMISING AND IMMENENT. I WOULD PRAY AND AT THIS POINT AM VERY EXPECTANT OF THE GREENEST CHRISTMAS EVER IN OUR LIFETIME. BE ON HIGH ALERT AS EVENTS MAY ACCUR RAPIDLY!!!! I HOPE VERY SHORTLY TO BE RELEASED FROM GAG ORDER AND SPILL ALL THE BEAN’S---AND IT’S ALL GOOD. I TAKE THAT VERY SERIOUSLY AND MY RESPONSIBILITY TO EACH OF YOU VERY PERSONAL--I ONLY WISH I COULD SHARE WHAT I AM BEING INFORMED BUT VERY SOON WILL BE ABLE TO---PAY ATTENTION TO THE VERY SOON COMMENT.
12-17-2012 Intel Guru OkieOilMan [via ~sednet1] JUST TELL THEM BASICALLY THAT OKIE SAID THIS WILL BE THE GREENEST CHRISTMAS EVER IN THEIR LIFE.
12-17-2012 Intel Guru Okie_Oil_Man I WILL TRY TO BE ON MORE OFTEN__HEALTH PERMITTING__BUT__I AM READY TO POST THE GRADUATION ANNOUNCEMENT WHENEVER I AM CONTACTED TO DO SO. ALWAYS REMEMBER__WHEN EVER OKIE POST"S__THERES A REASON FOR IT__INFER WHAT YOU WISH.
12-17-2012 Intel/Newshound Guru Poppy3 They are in an urgency to complete everything as quickly as possible. The Judiciary passed several laws that we were waiting on & that opens the door for you & I. Also, an article came out "The CBI board give the CBI governor permission to raise the value of the dinar", that just tickles the fire out of me. It cannot do them any good to come out low and creep up. They have to come out with a value that can stabilize their economy and that is what Dr. Shabibi said many, many, many times. He wanted it to come out at a median rate where that over the next 24 to 36 months he wants it to stay at that median rate and allow them to grow and to stabilize their economy. If it comes out low it disrupts the trade on the oil from the two oil fields that they share with Kuwait. Whatever they come out at it has to be approved by the IMF.
12-17-2012 Intel Guru TerryK I KNOW YOUR LOOKING FOR THIS. WHAT HAPPENED? ITS THERE TRUST AND WAIT. REMEMBER WHAT THEY SAID IT HAPPENS AND WE WILL NOT SEE IT FOR A PERIOD OF TIME. LETS SEE WHAT PANS OUT. I HAVE INFO I CANT SHARE BUT HAVE FAITH, ITS THERE. BE BACK WHEN I HAVE MORE.
12-17-2012 Newshound Guru Tlar He [Turki] has just been given full descretion in the mechanizm and the rate. He is in Amman or is just back. Meeting with the IMF and we think Shabibi. I believe that they are discussing the mechanism and the rate, all at once or a little at a time. If we can come up with the problems involved in a float, I'm sure they can too. I'm hopeful they will just bite the bullet and do the deed. Either way guys unless they have changed the plan entirely, which I don't believe, there is no LOP. I believe they are back to an RV verses float. [post 3 of 3]
12-17-2012 Newshound Guru Tlar Turki has basically proven to me that he is following closely in step with what Shabibi was trying to accomplish and in the past he has stated he is in approval of the removal of the zeros. Articles...are once again using the language, remove the zeros. In the month leading up to Shabibi's removal that term was all but gone from the news as Shabibi targeted just introducing the dinar on a free float because of the heat and pressure coming down from the government. So we know the original plan was to remove the zeros from the nominal value and the later plan was to start the change as a low free float. Which plan is Turki following? As I said Turki has in the past supported the first plan. [post 2 of 3....stay tuned]
12-17-2012 Newshound Guru Tlar If the CBI still holds to the original Shabibi plan and there is every reason to believe they are, both Shabibi and Saleh have stated numerous times that they were going to remove the zeros from the "nominal value" not the currency per say. If they remove the zeros from the nominal value at the present time that would make the dinar worth .86. If they first adjust the exchange value to 1000 to one first and then remove the zeros from the nominal value, that would make the currency 1 to 1. This is the goal Shabibi was originally aiming for, 1 to 1. We know the IMF signed off on this number because of articles coming out saying they would support the removal of the zeros. In a LOP situation the CBI would not need to borrow any money so I assume this means that any LOP is out of the question. The CBI would need no such support. [post 1 of 3....stay tuned]
12-16-2012 Intel Guru TerryK JUST GOT OFF THE PHONE WITH SOURCE...WE MAY NOT SEE THIS UNTIL LATE TONIGHT OR TOMORROW...SO DONT WORRY, IN FACT JUST ANOTHER SOURCE TOLD ME LATE TONIGHT-TOMORROW.
12-16-2012 Intel Guru TerryK To think that this maybe the day. to sit here and think that the next words maybe the last we share. to think that all our lives maybe changing forever. THEY [FOREX] START AT 5, BUT USUALLY TAKES A FEW HOURS TO POST. SOURCE JUST CALLED. THE CALL I HAVE BEEN WAITING FOR. they are excited and telling me if there is a night for this to happen - tonight is the night.
12-16-2012 Newshound Guru Tlar Article quote "The statement did not reveal the new proposed price of the dollar against the Iraqi dinar also did not specify a time limit for the implementation of the mechanism for lifting the price of the Iraqi dinar. " The word mechanizm as it relates to increasing the dinars value, has been used many times by the CBI since at least the middle of 2009. It is not descriptive of what their going to do. A mechanism as it is used in this sentence is just what ever way they decide to do it. The statement "the new proposed price" says to me that there will be a new price...seems to me they are talking about a specific number, and not a moving or fluctuating target. Either way no matter a float or a solid step up in the exchange rate, the CBI should be able to defend it. Both ways are very acceptable to me.
12-16-2012 Newshound Guru Adam Montana The CBI and MOF is NOT transparent with their accounting or actions, and we do NOT believe the numbers they release. They tell us what they want us to believe, and that's it. There is no guarantee of truth when you hear or read about their reserves or any other accounting matter.
12-16-2012 Newshound Guru SWFloridaGuy this coming Tuesday (12/18) the UNSC has scheduled a consultation regarding Iraq's continued commitment to full implementation of its outstanding obligations under the relevant Chapter VII UNSC resolutions. This could just be a formality and nothing of any importance. I only give this some credence because just two weeks ago the council members reaffirmed the importance of Iraq achieving international standing equal to that which it held prior to the adoption of resolutions pertaining specifically to it.
12-16-2012 Intel/Newshound Guru Poppy3 GLORY GLORY GLORY !!!!!!!!! The courts now have passed the laws where if MALIKI is voted out he can't delay everything by filing a suit against his removal ... This is a obstacle we would have surely faced if they had voted him out prior to this. With this news and the ERBLE agreement to be voted on Monday which will remove about 2/3rds of maliki's power things are looking very good right now. THEY APPEAR TO HAVE A URGENCY TO GET EVERYTHING COMPLETED AS FAST AS POSSIBLE. I AM REALLY GETTING EXCITED. This is huge great news for all of us, glory glory glory .
12-16-2012 Newshound Guru Kaperoni I had a long conversation over the float with the facilitator back a few months ago, i wish i could say more, but they assured in all aspects that a free float would be just fine for Iraq...what I learned and been taught is the dinar will free float from where it is now as they say by.."market forces". I dont know if it really matters to us. Like I said, i dont care how they do it, as long as its going up. And the good news is, it seems that is about to happen.
12-16-2012 Newshound Guru Enorrste Article: "Received the Commander in Chief of the armed forces of Prime Minister Nuri al-Maliki written questions from the parliamentary committee responsible for investigating suspicions of corruption in the arms deal from Russia." This could be the crack in the dam for Maliki if it can be shown that he was involved directly in the corruption. It could well lead to impeachment hearings against him. Time will tell.
12-16-12 Newshound/Intel Guru BGG Article: "Rikabi: National Meeting became an urgent national need and on the political parties to sit at the dialogue table" It’s good there is finally some talk of a National Meeting again – really good news!!
12-16-2012 Intel Guru TerryK SO YOU ALL READY FOR THIS TO HAPPEN. IM HEARING GREAT STUFF. GOT A CALL THIS AM THAT THIS...HAS BEEN SIGNED OFF TODAY AND THIS IS A IRAQ PERSON SAYING THIS TO ME. WHAT IM HEARING IS THAT WE ARE TO SEE IT TOMORROW [SUNDAY] NIGHT ...TREAT IT AS RUMOR. IT IS TO BE ON FOREX ABOUT 7, FOREX IS ON AT 5, BUT NOTHING REALLY UPDATES UNTIL 7...BUT DONT TRY TO GET TECHNICAL WITH A TIME... ITS GOING TO HAPPEN AT NIGHT. [do you know if it's going to be free float or managed on the iqd] free float, what i was told yesterday. im hearing 1 to 1, 25k note = 25,000 usd.
Read more: http://www.dinarguru.com/index.html#ixzz2FQA9NskA
12-15-2012 Newshound Guru SWFloridaGuy I'm more encouraged than ever, especially after witnessing the push for Chapter VII removal (even though that does not directly signify a RV), it's the kind of progress that shows Iraq is on the rebound (some would say along with their currency). Iraq shows so much promise and I'm very excited about their future!!
12-15-2012 Newshound Guru Bondlady shabibi has done a totally awesome job all these years of keeping iraqs economy safe and inflation in check but its always been at a slow growth pace and for the last 3 years the cbi and the gov have had bad blood...so if the new gov or proxy gov can get us in and out of this investment faster then i'm all for it, and its been a long long time coming for us and for iraq, although i believe shabibi is innocent and above reproach and a honorable man in everyway, i'm tending to believe that he was totally slow grow...but as you see the cbi gov sitting in has all their blessings and passed the laws they wouldn't for shabibi but did for this mr turki now controlling the cbi.
12-15-2012 Intel Guru Angelquest I cannot talk for the UN or when they post their information but do not think it will be on there for us to see till it is on the front bank screens, personally. THERE ARE TIERS, HOWEVER NOT AS THEY HAVE TOLD MANY FOR A LONG TIME. THERE ARE COUNTRIES, GOV'T AND THE PEOPLE. no one is hold up now it is the timing and making sure the alignment is indeed DONE....and passed the test. I hear it did.
12-15-2012 Intel Guru SteveI Here are a few things to look for that will lead to a conclusion of this investment. First, I think we need to look for the full removal from Chapter VII because it was this very action that put this rate at what it is today. According to a few news articles, the United Nations is flexing their muscles to help guide Iraq in the right direction and put a period behind them by passing some critical laws still pending. Now the rate...it has been stated and in print for months or past year that Iraq's currency will be one of the strongest in the region. I still personally feel that it will be $3.46 plus or minus a few cents. As the Holidays are getting closer, so is the possibility of this investment.
12-15-2012 Intel Guru BOBGETZ6 Re the dinar, I believe that we won't see it until the UN Security Council votes the release; if they have not already done so.
12-15-2012 Newshound Guru SWFloridaGuy Well, with the political crisis reaching its peak, a complete overhaul of the CBI, more than half of Iraq's GDP and almost all of its foreign exchange coming from petroleum and the of hard currency in the amount of $100,000 per week to support the exchange rate and UN pondering the future of Chapter VII, I'd say it's more like a perfect storm rather than calm seas.
12-15-2012 Newshound Guru Med WHAT THEY FOUND OUT WAS MALIKI TOOK 1.2 BILLION. IT WAS NEVER RECORDED NOR HAS HE PAID ANY OF IT BACK TO THE CENTRAL BANK. NOW THERE IS ANOTHER 5 BILLION MISSING. IT DOES NOT POINT THE FINGER AT ANYONE YET. IN ANY OTHER COUNTRY HE WOULD BE ALREADY UNDER ARREST. THIS IS THE THIRD ...EPISODE WITH MALIKI. A CALL FOR A NO CONFIDENCE VOTE SHOULD BE RECOMMENDED BY TALIBANI. IF THEY HAVE EVIDENCE THAT MALIKI TOOK 1.2 BILLION USD AND NOTHING IS DONE THEN HE HAS WON.
12-15-2012 Newshound Guru Bondlady Article quote: "the central bank governor received authorization to raise the price of the dinar safety of the dollar..." is that just not an awesome lil news read, the gov is giving their blessing to the cbi to raise the dinar exchange rate and to do it when he sees fit.
12-15-2012 Newshound Guru Tlar Article: "BSA participate in the meeting of the International Monetary Fund" The CBI now has permission to raise the dinar value. We know that the standby agreement is due in February. We also know that in March Iraq will make some kind of substantial changes to the ration card. We also do know that Shabibi is in Amman as previously stated in an article. I don 't think it's a great leap to assume that the dinar will definitely be on the agenda. In fact I will say that the announcement that was made that the CBI has permission to raise the value of the dinar most likely was pre-approved by the IMF. We know that the IMF is in Iraq at this time. I don't believe that all these things coming together at this time are coincidental.
12-15-2012 Intel Guru TerryK are you ready for sunday...i have a good word that we are going to be blessed...now for news...did you all hear a certain person was back and forth between imf and ust thursday afternoon...a woman from china...i heard she signed off 100%...did you hear greece got a bail out...did you hear that a bunch of peeps flew to iraq last night...did you hear that chpt 7 was signed this afternoon - if this is true and the bank is closed (friday), holy day and opens tomorrow they will see it and we get to see it on forex sunday maybe, treat this as rumor as it comes from two different sources. now heard also rate is coming out low...but it will climb fast, all the investors buying the currency will jack it up fast...not below a buck, 1 for 1 then move. the dinar is going to be the currency to have. 12-14-2012 Intel Guru Angelquest all that is NOW done has never been done in the past...nothing is left...i want to see it [Friday] but the banks probably do not until next week but all i know is they are hiring and training and are very very excited and crazy right now...
12-14-2012 Newshound Guru SWFloridaGuy News is getting better and better. I'm not gonna go on one of my long winded explanations though. You guys know where we're at and you know we're in a great spot. I am encouraged by the news of late... I'm certainly grateful to be involved and eventually (hopefully one day soon) history will prove that we made a wise financial decision.
12-14-2012 Newshound Guru Tlar The second thing this article seems to imply is that they are expecting that with the recent announcement of the CBI being authorized to raise the dinar, that the demand for the dinar will go up significantly while reducing the auction sales of USD, which also supports the premise that as the dinar goes down, USD sales go up. As the dinar goes up, USD sales go down. They already stirred the currency markets up by announcing they will increase the dinar. People in Iraq are starting to quickly turn their dollars back into dinar to hopefully benifit from a stronger dinar. IMHO they will raise the value in the next week to two weeks. Just before the end of the year. I believe the jump in terms of a return for those in Iraq smart enough to see what is happening will be significant. [post 2 of 2]
12-14-2012 Newshound Guru Tlar Article: "Hits' Raise The Demand of the Iraqi Dinar 80%" I'm not absolutely sure but it looks to me that this article says two things. The first is a confirmation that it was the difference between the street rate and the program rate that created the massive selling of dollars. We already knew this. Whether or not Shabibi planned this or he just took advantage of this condition, it was a good thing for Iraq and it was not illegal. Personally I believe Shabibi took advantage of the situation when it came about. I believe this because he could have at anytime defended the exchange rate with 67 billion in reserves. Iraq has their dinars covered at almost three times the value of the dinars out, just sitting in the bank, and at 67 billion in reserves they could have easily defended any exchange rate by putting a premium on the dinar. [post 1 of 2....stay tuned]
12-14-2012 Intel/Newshound Guru Poppy3 Things are moving so well. The IMF and the CBI are working together and the things with Dr. Shabibi are being worked out & IMO he will be reinstated. They are indicating they are choosing an interim replacement for Maliki if they vote him out. Be encouraged. I'm excited & know that things are closing in here. We continue to get tremendous information from reliable, well connected sources here in the U.S., we will call them rumors for now. Have had numerous contacts with whats going on with the dong, no movement yet. It may happen just prior to Christmas or just after Christmas.
12-14-2012 Intel Guru BWM It should be blatantly obvious after all this time that while we try to tie every little thing to the RV. Fiscal cliff... RV. Presidential vacation... RV. McRib back at McD's... RV. As much as we'd like to think that we know some event will be the "big announcement" or "trigger" it's just not that easy. this isn't on any apparent timeline you'll find in print anywhere. Every great discovery was born out of things that had never or "couldn't" be done and here we stand on the brink (nearly a decade) of something happening of epic proportions. The hope lies in the fact that it could be accomplished by the end of the year... will it? We won't know until it's done.
12-14-2012 Newshound Guru Bondlady ...i am so excited about all these events...as we watch them all being settled and for iraq even 5 or more years later they are moving at record speed now as they get close to the last day of december 2012 when they have to have so much ready and active for the new year...they are on many deadlines...to get things done as that mandate expires in february and if my understanding is correct then it appears there won't be an extention of it, so the rush to achieve much before the end of the year is apparent in a major way. i feel like we have some great things about to happen for iraq and for us...the news just gets better and better everyday [post 2 of 2]
12-14-2012 Newshound Guru Bondlady there's a ton of great articles that have been out all week and the week before, things that i've waited to see in the works for years, article 140, hcl, ch 7, the budget, monetary change...the new money, all of it is in the news everyday...they are all pieces of this whole puzzle we call our investment and without anyone of these things we can't hope to achieve our wants in all this and we are watching all things come to life... [post 1 of 2....stay tuned]
12-14-2012 Intel Guru Footforward Some think it's going to be a free float or they will pip the rate. It's not going to be a free float and it's not going to just pip up, it can't work that way. It's just going to happen and it's going to happen quickly. Why would they do this with the single most important currency revaluation in history. It's not going to be $1 and it's not going to be $.74. I expect a good rate. There is nothing at all that supports a $2.50 RV in Vietnam. The dinar will be the big winner although the dong will be a good investment. I am expecting this to go any anytime. [post 2 of 2]
12-14-2012 Intel Guru Footforward The standby agreement was extended to February 23. This does not mean that they have to wait that long. It can be extended or cancelled at anytime. The articles about the CBI getting permission to RV means nothing. Who gave them permission, the CBI, themselves? Does that make any sense? Do you give yourself permission. Iraq has done everything they need to do. Maliki is not the problem, Shabibi is not the problem. Shabibi is in hiding because of threats on his life. [post 1 of 2....stay tuned]
12-14-2012 Newshound Guru Enorrste It seems evident now that the World Bank/IMF/UN have put significant pressure on Maliki to keep his hands out of the issue...the Finance Committee of PARLIAMENT has stepped back to the forefront where they belong. The article that we read the other night in which the World Bank stated unequivocally that the GOI was to stay out of the business of the CBI obviously carried some weight. Then it was backed up the next day by the IMF and the UN reminded the GOI that Iraq is still under Chapter VII, meaning that the UN can step in any time it wants. Add to that, finally, the fact that US troops are now back in Iraq and you can see that the "squeeze play" on Maliki is beginning to bear fruit. Recall also that we are aware that a contract was signed last September. The CBI is committed to this process and I believe it will be shown shortly that this recent debacle is only a temporary setback. I also believe that January 1 is a key date. 12-13-2012 Intel Guru Angelquest All I can say is it won’t be a dollar and the VND wont be .05 cents. [$3.22 and .48 sound good?] higher... [do you expect this to come out as a managed float?] PERSONALLY I HAVE NEVER THOUGHT THAT...I FEEL IT WILL BE ON SAME KEY AS KUWAIT BUT THIS IS MUCH BIGGER WITH MORE OIL ETC...[Are you still looking at 15th-17th? for our blessing?] YES I TRULY AM...BUT WE SHALL SEE FOR SEVERAL WEEKS I HAVE SAID THIS AND WE KNOW IT IS ALL FALLING IN PLACE.
12-13-2012 Intel Guru Angelquest [do you have any facts that you can share with us?] fact...it is done. [Well do you think still before O leaves for vacation?] you betcha i do.
12-13-2012 Newshound Guru Tlar Article: "BSA participate in the meeting of the International Monetary Fund" The CBI now has permission to raise the dinar value. We know that the standby agreement is due in February. We also know that in March Iraq will make some kind of substantial changes to the ration card. We also do know that Shabibi is in Amman as previously stated in an article. I don 't think it's a great leap to assume that the dinar will definitely be on the agenda. In fact I will say that the announcement that was made that the CBI has permission to raise the value of the dinar most likely was pre-approved by the IMF. We know that the IMF is in Iraq at this time. I don't believe that all these things coming together at this time are coincidental.
12-13-2012 Newshound Guru Kaperoni Article - "Raise the price of the Iraqi dinar against the dollar as possible" "the central bank governor received authorization to raise the price of the dinar safety of the dollar... "the central bank governor will have the option under this authorization in choosing the appropriate time to raise the price of the dinar and it will determine when and how this step is done based on his experience in his field." very good article...we see that the authorization has been given to raise the value..and it's in Turki's hand. It literally could raise in value at any moment.
12-13-2012 Newshound Guru LoriC "The United Nations, on Wednesday, criticized Iraq's delay in adoption of the law of oil and gas (HCL), while political parties demanded to pass this law as soon as possible, renewed its call for elections in the disputed areas." The United Nations is criticizing Iraq for the late adoption of the oil and gas law. Martin Kobler, in a speech at the forum said "I call on politicians and Iraqi specialists to pass a law of oil and gas as soon as possible."
12-13-2012 Newshound Guru Breitling It's a great day for our investment. Article: "The Central Bank authorizes the governor of the bank to reduce the exchange rate to enhance the value of the Iraqi dinar" What they are doing is reducing the dollar supply through the auctions. They are going to reduce the dollar, dedollarize, and reduce the dinar supply in Iraq. They are starting with it. It's going to gain value. So, congratulations to all of you guys who stuck around. The good news for you is if they do it this way, there is more of a chance for you to make more money. They have pushed their infrastructure, they have changed banking laws and tax laws. Everybody is looking for that one knockout punch, like you will wake up one morning and there is a huge price on the dinar. There was an opportunity that this could have happened, but they have chosen to pip it up & I agree with them. It helps them to build their country cheap, build their infrastructure cheap. Other countries have done this. I am very excited.
12-13-2012 Newshound Guru Adam Montana It truly does look like Chapter 7 is a rubber stamp away from being done - with a resolution on the HCL, I can't imagine Chapter 7 will be too far behind! And they have indeed been releasing very positive news on the HCL. All in all - it's a positive outlook on those two matters. Did you Miss a few days of updates? Get the Archive *** Are you on the official RV ALERT List?? *** What are you waiting for? Enter your name and email in the BLUE Box at the VERY top of this page....Its FREE and you get RV Alerts, updates & other fun stuff from me too! Enter In The Blue Box Above....
12-12-2012 Intel Guru Blaino OUR WEST COAST BANKING SAYS PINGING CONTINUES AND WE STILL HAVE THE ALTERNATE POSSIBILITY THAT WE MIGHT SEE A FLOAT. THERE IS A LOT OF INTEL CHATTER REGARDING THE "TYPICAL REVAL" AS WELL AS THE FLOAT POSSIBILITY. I LIKE THE FLOAT IDEA. IT JUST SOLVES SO MANY ISSUES, OR SEEMS TO. IT'S ALMOST TOO EASY! CLEARLY, IT WILL DO THE ONE OR THE OTHER. THE BIG MAIN QUESTION IS WHEN AND THE ANSWER MAY BE SOON! MEBBY EVEN SOONER THAN YOU THINK! [post 2 of 2]
12-12-2012 Intel Guru Blaino OK, WELL NOW! THIS COULD BE AN INTERESTING EVENING! FIRST: WE HAVE AN EAST COAST BANK SHOWING 2 INTERESTING NUMBERS AT THE CLOSE. SO, WONDERING IF WE WILL SEE THESE POP SOMEWHERE. $8+ AND $1.92 RESPECTIVELY (IF YOU DO NOT KNOW WHICH IS WHICH, YOU 'MAY' BE IN THE WRONG PLACE). NOW, THIS IS PROVING VERY HARD TO CONFIRM BUT NOT FOR LACK OF TRYING AND WE WILL CONTINUE UNTIL WE CAN GET SOLID STUFF. IT'S A GREAT NUMBER. IS IT REAL? THAT'S THE QUESTION!! YOU KNOW WHAT THE RATES I HAVE FELT WERE PREDICTABLE AND REALISTIC AND THESE ARE SUBSTANTIALLY HIGHER BUT, IF THEY PAY IT I'LL SPEND IT! THAT'S A PROMISE! [post 1 of 2....stay tuned]
12-12-2012 Intel Guru Delta The plan is to RV, get out of Chapter 7 and then Maliki will be gone. There is a plan to have someone take Maliki's place. If they get rid of Maliki now, it will be a big disaster. The standby arrangement is only good for 3 years and was done in 2010. It expires on the 23rd of February and cannot be renewed. So, it should happen any day but not later than February 23rd.
12-12-2012 Newshound Guru Adam Montana One other thing I found noteworthy this week is Maliki selling a piece of his property. It's a 600 square meter property, and the price is 900 THOUSAND us dollars. 600 square meters is about .14 acres. POINT ONE FOUR - not fourteen! My thoughts on this... if you can get almost a million dollars for a property smaller than a baseball diamond, how "destitute" can Iraq's future really be? Think on that for a while.
12-12-2012 Intel Guru Frank26 Well Fargo has told me they couldn't talk to me until Iraq is lifted from Chapter 7. They are not buying or selling dinar until the restrictions are lifted. A source said Wells Fargo is training people to exchange the Iraqi dinar. They were/are being trained from November 28th to the 12th of December. They were told "we will put you to work right away, we will have our holiday & then you will come right back at January 1st to get to work".
12-12-2012 Newshound Guru Kaperoni 2. "The Board of Directors authorized the Iraqi Central Bank Governor the power to reduce the sale price of the dollar and of 1179 dinars to the dollar to enhance the value of the Iraqi dinar based on market demands." This appears to be confirmation that the CBI is going to move forward with a free float. They are going to let "market demands" (float) dictate the rate of the dinar as we stated. It appears it will start at the current CBI rate and rise. This authorization is very good news and hopefully we will see something soon. [post 3 pf 3]
12-12-2012 Newshound Guru Kaperoni If I am correct, Maliki could initiate some loan through a local bank (through some fictitious company) and default, thus making the CBI spend its funds to reimburse the local bank. He clearly is very clever finding ways to get access to the reserves of the CBI. The question will be, will the IMF and WB allow this? Steve (Newshound Guru Enorrste) does not seem to think so. I am not so sure. The problem with this is it would clearly affect the value of the dinar. [post 2 of 3 stay tuned]
12-12-2012 Newshound Guru Kaperoni I have studied these articles and some checking. There are two main highlighted areas - one good and one bad. Let me explain what I believe is going on...1. "All banks licensed to open letters of credit and funded by the Central Bank of Iraq according to a mechanism designed for this purpose." This is potentially very bad. This appears to be Maliki's way to get the CBI's reserves...the CBI is now in the business of guaranteeing loans and its reserves are the guarantee...IMO, ...they now become the collateral for these "open letters of credit." [post 1 of 3....stay tuned]
12-12-2012 Newshound Guru Adam Montana There are ongoing talks about Chapter 7. Even though the Moon meeting went well last week, we have not seen that "stamp" come down yet. Shabibi is posturing as if he is not concerned about the warrants, but he is still conveniently "busy" outside of Iraq and has not returned home yet. In my opinion, he's stuck right now. He can yap all he wants about how baseless the warrant is, but facts are facts - Maliki is in control of the situation and Shabs is forced to sit and watch. Hopefully this is a good thing for us - there has to be a reason Maliki wanted Shabibi out of the picture for a while, and with the positive Chapter 7 and HCL news lately we can certainly hope an RV is on the horizon.
12-12-2012 Newshound Guru Tlar Best guess? We will see a move of about 25 - 50 pips or less. Just a guess. This should slow the sales of USD significantly and may start to reverse the selling of USD into the buying of USD, as it gives the incentive to turn your dollars back into the CBI for a stronger dinar. It will be a positive move and will increase the value but I would like to see it in the hundreds. [post 3 of 3]
12-12-2012 Newshound Guru Tlar I think they are attempting to slow the sales of dollars and ultimately want to reverse that process. At the rate they have been selling the dollar they have collected literally trillions of dinars. It doesn't necessarily mean that the RV is on as I don't see this as the introduction of a float but rather another move on the pips that will slow the sales of USD. [post 2 of 3....stay tuned]
12-12-2012 Newshound Guru Tlar Remember the auction is the only tool they have had to control the exchange rate and inflation because the other two tools, the taxes and tariffs, and the exchange rate have not been implemented or used. It looks to me that the bank is now going to use a combination of the auctions and now the EXCHANGE RATE to control the flow of dollars. It looks to me like they again are moving the exchange rate from 1166 to a lower program rate without giving us the amount yet. [post 1 of 3....stay tuned]
12-12-2012 Intel Guru Footforward Until the U.S. Treasury gives the go ahead to the banks to start exchanging, they can't do anything. Until it [rate?] changes at the banks, we don't have an RV. I have seen the document that indicates that Iraq has to have an RV greater than $1 in order to get out of Chapter 7. This has been the plan all along. Iraq has done everything they need to do to get out of Chapter 7. This is why Maliki keeps going & asking for removal from Cahpter 7. Do I expect the RV to happen soon, absolutely I do. Also, there is no freeze on the Dong. Some places that sell it have run out, but they can still buy and sell it.
12-12-2012 Intel Guru Frank26 The FAA decided to open the air spaces in Iraq. They could have done this a long time ago, so you have to look at the timing. My contact believes the State Dept. did this. My contact in Iraq says it is not important for the flights coming into Iraq, but for the flights leaving Iraq. There are a lot of powerful people in Iraq with a lot of dinars. They want to get the best rate possible and they probably won't get it at the CBI. We are hoping it starts out at $1.17.
12-12-2012 Newshound/Intel Guru BGG Article: "Shabibi reveals the release of employees of the Central Bank and demanding the release of the Deputy Governor" Shabibi essentially ordered his own “warrants” – he’s not one to be trifled with!! 12-11-2012 Newshound Guru Med Article Being Referenced: "Revealed CBI authorize the Governor of the Bank to reduce the exchange rate to enhance the value of the Iraqi dinar" DID I NOT SAY ABOUT TWO WEEKS AGO THEY WILL NOT RV 1 TO 1 IMMEDIATELY BUT THEY WILL MOVE MAYBE TO 800 OR 900 TO 1 INSTEAD OF 1166 TO 1 TO TEST THE WATERS? WELL IT LOOKS LIKE I WAS KINDA POSSIBLY MAYBE ALMOST PRETTY SURE RIGHT. WHEN SOMETHING IS IMPORTANT OR BIG LIKE THIS, I AM ON TOP OF IT.
12-11-2012 Intel Guru Bluwolf LAST FRIDAY WAS INTERESTING DOWN HERE ON THE ISLAND, IT SEEMS THAT THE BANKS DOWN HERE HAD A CLOSE MEETING WITH A MAIN DINAR DEALER, SUBJECT THE DINAR AND THE AGREEMENTS ON THERE RATES FOR THE EXCHANGE. FOR WHATEVER THERE RESULTS WERE IT SEEMS THAT THE RV OUTCOME IS VERY NEAR. WE ALSO GOT WORD ON SATURDAY FROM A BANK THAT IS IN A COUNTRY JUST NORTH OF THE USA AND THEY HAVE INFORMED US THAT THE GLOBAL RESET OF ALL CURRENCIES IS PREPARING TO ARISE INTO OUR LIVES VERY VERY SOON.
12-11-2012 Intel Guru Frank26 Next week Kuwait is coming in to Bagdad to ask the UN to release Iraq from Chapter 7, it has been 10 years. Next week some powerful things are about to happen to lift them of the shackles & will allow them to enter into the international world and the only way they can enter is with an international currency value. They are about to increase their value. To what value? They are going to lift the 3 zeroes from their exchange rate, which is about .000859 and quickly move the decimal to the right and the rate will be $.86, a little more in the end in the U. S. of America, about $1.17 when you cash out. Do you see why everyone is excited right now? They are telling us they are about to raise the rate of their currency.
12-11-2012 Intel Guru BWM (Where do you think we are at this point IYO?) That's about as hard of a question as, "What is the meaning of life?"... lol. I "feel" that things have been "set up" to happen but WHY it hasn't at this point is the million dollar question and you can ask an honest contact and they will tell you they can't give you a good answer. No amount of "I hear it's going Tuesday" will get us there. We just need to continue to update our preparations and be ready when the call comes.
12-11-2012 Newshound/Intel Guru BGG Article: "Shabibi: I will return to Iraq to defend the central bank to maintain economic stability" Sounds like Shabibi knows a lot more than he is saying.
12-11-2012 Intel Guru Bulldog75 [So is before xmas in play?] YES. [Do you think we will Rv this year?] YES. [will the VND go by itself or with the IQD] DONG 50/50 CHANCE UNKNOWN. NO ONE KNOWS THE EXACT RATE OR DATE.
12-11-2012 Intel Guru BWM We know that our economy AND many other countries’ economies are at a "cliff" and need something to boost the economies to a point that some semblance of recovery can begin. We also know that in appearance, the revaluation of the dinar could solve most of our personal and the world problems if it was done now. What we need to realize is while yes, this would solve many of our problems and this appears to be the new "blueprint" for world global economic resolutions, an event on this scale needs to be done correctly. [post 2 of 2]
12-11-2012 Intel Guru BWM So, in retrospect, what do we really know? We know things in Iraq are difficult (or appear to be) with the government. We know that articles coming out of Iraq are flush with conflicting points. We know that many strides in development have been made openly toward the rebuilding of Iraq's infrastructure and global reassurance (chosen the top emerging economy). We know that while the IMF has the final say in a country's currency revaluation that the U.S. holds a substantial amount in the say of such an endeavor. [post 1 of 2....stay tuned]
12-11-2012 Newshound Guru SWFloridaGuy I've spoken to a someone on the support staff of Olivier Blanchard (IMF) research dep about this and he agrees. He also agrees that Iraq is currently in the process of trying to move forward with a major currency reform project. Not sure is that means just deleting the zeros, RV etc. but that's what real intel sounds like. I spoke to him about this almost 8 months ago and it's still the most encouraging thing I've ever heard. He also mentioned that it is imperative to moving forward to have a stable government that will give the international community faith in Iraq as a reliable store of value. UNSC and SIGR report also said that investment will remain hampered until security and the political crisis has been resolved. They are close though and the Chapter VII progress shows they are on the right path to recovery. [post 4 of 4]
12-11-2012 Newshound Guru SWFloridaGuy A currency's value is determined solely by supply and demand. They must ensure the success of the project and they have to have power sharing government to do that to prevent abuse and the eventually collapse of the economy. If you were in charge of the largest transfer of wealth in history and something that could jump start the entire global economy would you implement this project before or after the necessary step had been taken to facilitate a smooth transition, a Central Bank that was fully functionally and not operating under complete corruption that could jeopardize such an important enterprise? [post 3 of 4....stay tuned]
12-11-2012 Newshound Guru SWFloridaGuy Basically, I recognize the challenges they face and don't like to simplify it but I also believe that if this was ever going to be possible, Iraq is the only country who can pull it off and not alone, which is why the international support they have been receiving gives me hope there is far more to the story than meets the eye. I think it will happen, I think it will happen in a way none of us expected it to...they have unlimited potential. It's absurd for them to remain with a worthless currency. The question has never been whether one day it will recover somewhere on par with the USD or higher. The question is, by what means will they achieve this, what the rules will be and the timing. [post 2 of 4....stay tuned]
12-11-2012 Newshound Guru SWFloridaGuy I...know that there are many possibilities where we could profit from this long term and that Iraq will one day boast a more valuable currency. By which means they accomplish this and the timing are complete unknowns. I've studied macroeconomics and the problem is sustaining long term growth. There are a number of ways they could accomplish this though and eventually they will have one of the strongest currencies in the M.E. My doubts lie with this being in the immediate future. However, the hardest thing about the road not taken is that you never know where it might have led. I'm certainly grateful to be involved. I believe this will have a happy ending and prove very profitable but when it comes to the mechanisms by which they will achieve this is what perplexes me. [post 1 of 4....stay tuned] ** 12-10-2012 Dinar Guru News Flash ** "After 16 years, the United States lifted its ban on commercial flights to Iraq" The FAA has deemed the Kurdistan region to be safe enough to land commercial airlines! Slowly but surely Iraq is opening up and being discovered! No official word from the gurus on when Iraq will be released from Ch7 sanctions...stay tuned and we'll keep you up to date on the latest...if you are not a Dinar Guru member get yourself signed up in the blue box above.
12-10-2012 Intel Guru BWM Remember, banks do currency exchanges as a COURTESY. They are not required to tender you an exchange. So, unless it appears on the BANKING FOREX then they wouldn't even discuss it with you. Until the banks are released (from the UST) to ALLOW you to cash in we can see the rates posted on billboards on the interstate and it doesn't matter.
12-10-2012 Intel/Newshound Guru Poppy3 I have been on the phone for much of two days now and have not recieved one thing that hasn't already been shared, most are still thinking between now and the 24th of dec. And some thinking the first week of 2013 but these are just them making guesses according to details they have that point to those dates being the best opertunity for the rv . I agree with them much of the dates stated with events taking place in that time period does make them sound good. Like the ban ki moon international announcement of some kind to be announced around the 17th of this month? [post 2 of 2]
12-10-2012 Intel/Newshound Guru Poppy3 there is another group of investors that have been told this will happen prior to the 17th around the 15 and that the dong and dinar will go together but apply caution with this information because as i have already said i can't confirm any of this but i trust the peeps that recieved the information?... problem is i don't know their sources. [post 1 of 2....stay tuned]
12-10-2012 Intel Guru BWM FOREX is complicated in that, unlike the stock market, the offices internationally are not on one complete system but they update together almost instantaneously. Netdania is not an official FOREX site. Retail FOREX doesn't mean diddly to you and I. My point isn't that the numbers are COMPLETELY useless. It's just that I don't think (per FOREX contact) that they will give us the indicators we need as quickly as we hope. They are like any other indicator, a sign, just not THE sign and I don't get excited when the numbers pop up or change there. I want it at the bank where it matters most to me.
12-10-2012 Intel Guru BWM I know that many were counting on seeing this on Forex open today [Sunday] but after discussing with a contact this morning there are a couple of things you need to understand. First, Forex has two sides, a retail side (tradeable) and the banking side which is what "communicates with the institutions on the rates and such... this contact believes that it will be a short time before the rate shows on the "retail" side as the rate settles in. So just hang on and know you will receive communication WHEN this occurs.
12-10-2012 Intel Guru Blaino Rv or float...which solves the problems the best? rv: tens of thousands of people all trying to get into banks, currency exchanges at the same time...clawing, fighting, threatening. float: some will exchange at 5 cents, some at 25 CENTS...More at 50, ETC. SO, As the bidding, selling, etc. runs the price UP And DOWN, Fluctuating it's way to a future value mebby around $4+...those that deem the value sufficient at a given moment will exchange and those that do not will wait or do some, then later MORE. And this will serve as a buffer to the economy of IRAQ Allowing time to adjust. the good news is that many people that never heard of the iqd will come into those markets to BUY Creating upward pressure. if they cut it loose, we could easilly see a dollar before the 1st of january!
12-10-2012 Newshound Guru Med I SEE THAT THIS ISSUE OF THE 67 BILLION IS BECOMING A MAJOR ISSUE, MOST BELIEVE THAT IT IS WHAT MALIKI IS AFTER BUT HOW STUPID COULD HE BE. WHAT THEY DID WITH SHABIBI HAS HURT THE REPUTATION OF CBI VERY BADLY. 7 YRS OF HARD WORK BY SHABIBI AND IT TOOK ONE MONTH TO UNDO IT. HE DID AN HONEST JOB. IT WAS OBVIOUS WHAT THIS WAS ALL ABOUT, IF YOU ARE CORRUPT AND YOU HAVE SOMEONE WHO DOESNT WANT TO BE PART OF IT YOU FRAME HIM AND AS MUCH AS I HATE THE CONSPIRACY STUFF THIS WAS, A MAJOR CONSPIRACY. [Glad UN/WB is there to protect the assets] I AM TOO...I KNOW WE HAVE THOUSANDS WHO ARE COUNTING ON THIS IN THE FUTURE.
12-10-2012 Intel Guru BWM [is it your belief that this is past Iraq and they are waiting for a green light?] yes...the situation is simple...we know for a fact that a country can be RV'd within certain conditions. [So a Rate is on the (tradable) at this time? Just not the retail side?] no... it can be on both...but cannot be active without being on the banking side FIRST...and while there have been a number of indicators showing...the fact is that it is not LIVE AND tradable at this time... yet [with the activity that is currently happening on the banking side of the forex are you encouraged that we will see a live rate post tonight or in the next couple of days?] been here before...the hope is that with all the information that continues to back it up that we are close...but we will just have to see.
12-10-2012 Intel Guru TerryK IM HEARING IT WILL SHOW TUE...SO WHAT I WAS TOLD MAYBE TRUE NOT A RUMOR, TUESDAY HAD TO HAPPEN ONE DAY. I UNDERSTAND THAT FOREX IS SEEING IT AND I JUST NOW TOLD U TOO MUCH. 12-9-2012 Intel Guru Blaino About tomorrow and what this way comes!!! we (panda express team & our guys'es) are seeing some indications that vnd MAY... "may" open tomorrow...Bid is 1.74 to the usd and ask is 2.38...that's units not PRICE...Remember : it's 2.38 vnd to the USD...To one USD...So about $.42.
12-9-2012 Intel Guru SteveI There is a lot of talk about a one to one ratio on the Iraqi Dinar v. United States Dollar. That would be Just fine with me, but however that is not what will happen. I believe based on history and information from our sources that nothing will happen until Chapter VII is lifted.
12-9-2012 Newshound Guru Kaperoni This is a great quote... "warned the Economic Commission of the continuation of the "reserve currency," That means Iraq needs to stop the auctions and distribution of the USD. They are clearly telling them to reverse the trend...which is good for us because the dinar needs to have value before they can happen.
12-9-2012 Newshound Guru Tlar This is a battle the world cannot afford to lose and I think we are witnesses to a world intervention. Remember they can't be seen as interfering or trying to control a sovereign nation. This is a mission of last resort and I believe we are watching this mission unfold as we speak. The world needs Iraq's oil and the world needs Iraq's money. [post 3 of 3]
12-9-2012 Newshound Guru Tlar The world just got all over this IMHO. Something is a foot. I believe Maliki has stepped in it. I have said since 2008 that Iraq is too important to the world to let it go to hell in a hand basket. An article just came out that said by 2023 it is expected that Iraq will be producing half the oil used in the world. Iraq cannot be lost to a despot who does not have an interest in developing the resources and continues to cause turmoil that long term might lead to a civil war. [post 2 of 3....stay tuned]
12-9-2012 Newshound Guru Tlar This is not business as usual over the last couple of days. First the US announces that they have picked a successor to Maliki as part of a possible interum government until the new elections, then Moon visits Maliki at his office supposedly to discuss the Kuwaiti relationship, then the Deputy of Defense pays Maliki a visit to supposedly talk about the military alliance and partnership with Iraq and now the UN going into the CBI under the guise of investigating corruption and calling the bank an International bank which it is not. [post 1 of 3....stay tuned]
12-9-2012 Intel Guru TerryK [Is the VND going to be 48 cent or above?] WHAT IM HEARING, YES.
12-9-2012 Newshound/Intel Guru BGG Article: "The arrival of a delegation from the United Nations to investigate the issue of Central Bank" This is really, really bad for Maliki (and good for us!!). The UN is stepping into the CBI issue and is about to drop the hammer!!
12-9-2012 Newshound Guru Kaperoni A very good argument can be made that they need to raise the value soon if they want what they have worked for...a free market economy. It is clear the banking sector needs cash for these projects, and without private investment, agriculture and manufacturing, etc will never take off at the levels expected. Does Maliki care? I don't know. He has the oil flowing now with increases in the near future. If the US, UN, IMF, WB etc. don’t nip it in the butt now, Iraq may stay a one trick pony. So on that front I am hopeful there is enough momentum to move this forward to develop the economy before to much damage is done.
12-8-2012 Intel Guru TerryK I HAVE TWO SOURCES THAT HAVE CALLED TODAY TELLING ME WE WILL SEE IT ON FOREX SUNDAY.
12-8-2012 Newshound/Intel Guru BGG Further – he pointedly contradicts the assertion that anyone in the CBI had any hand in wrongdoing…He then goes on to blame Maliki’s overwhelming desire to borrow from the CBI reserves to do his bidding as the root of this drama. Iraq wouldn’t have a care in the world if they got rid of Maliki and put in place a true power-sharing GOI. They have (quite possibly the biggest in the world) some massive financial reserves under the control of the UN and IMF they will get their hands on once they are released from CH 7 sanctions (which is highly unlikely while Maliki as at the helm). [post 2 of 2]
12-8-2012 Newshound/Intel Guru BGG Article: "Continuous documentation war.. Corrupt files in the Central Bank" Very good news that Dr Shabibi is “still in the fight” (he’s on Arabic TV doing so) – alongside the UN, the Maliki opposition and quite likely the US (at this point). He points out (and re-butts Dr Suhail’s assertion the CBI should be an active investor in Iraqi infrastructure – by 8%) the foolishness of the current plan of the CBI to invest up to 8% of their reserves in Iraq. Shabibi is like – “who in their right mind does that???” – Not any other Central Bank even thinks of such things. Which is exactly why the CBI is supposed to be semi-autonomous…away from the GOI. [post 1 of 2....stay tuned]
12-8-2012 Intel Guru TerryK ...everything is on track.
12-8-2012 Newshound Guru Kaperoni One article today talked about the currency auctions. That was a great article because these "auctions" were never intended to be long term. Simply the method used until the dinar has international convertibility. Maliki does not understand economics so his decision clearly shows a lack of understanding. I for one want to remain optimistic that this float could start at anytime. But it is hard to believe that it could happen as long as Maliki is against it. He has won out each time the CBI tried to move forward.
12-8-2012 Newshound Guru SWFloridaGuy Regarding Chapter VII & Iraq's Reconstruction. The U.S. plays a vital role in the reconstruction. I believe this will always be in Iraq's hands though (in part) because any large currency appreciation shock depends upon stability and faith that they can maintain long-term stability. However, that's not to discount that other powerful entities and countries like the US that continue to exert their influence...we are quite involved, committed and heavily invested in Iraq's reconstruction. I'm just saying that for this to work the conditions must be ripe to ensure the success of the project.
** 12-7-2012 Dinar Guru New Flash ** Shabibi has officially been removed from the CBI.iq website. Shabibi was removed from his Governor post and an arrest warrant issued for his capture several months back by Maliki's GOI...we don't know if this means he is officially out or not or how and if this has any effect on the dinar...stay tuned as things unfold...
12-7-2012 Newshound Guru Kaperoni Article: "The arrival of a delegation from the United Nations to investigate the issue of Central Bank" I will say, the UN coming to Iraq regarding the CBI is great news. But there are two issues here. 1. The CBI and policies 2. The currency reform and implementation. The problem that persists is Maliki's unwillingness to add value to the dinar. And I don't see him all of sudden saying...ok go ahead. Either the IMF/UN or others will have to tell him to "bud out" or he will have to be removed IMO before the CBI can move forward with this.
12-7-2012 Newshound Guru SWFloridaGuy I have been extremely encouraged by Iraq's progress toward Chapter VII removal. Although this does not directly signify a RV per say, when we see general progress that we can collectively process it's always a good sign that things are moving in the right direction. Iraq is showing a lot of progress lately that will eventually mark their reemergence to the international stage.
12-7-2012 Intel Guru Blaino ok, we attempted a trade where the rates are showing, no joy YET... We are also hearing from the panda express that "they" say that this is the NIGHT...I cannot yet say whether we are building this house on sand or STONE... But as soon as the foundations of this are examined, i'll be back! Again, we are making a diligent effort to bring the truth and nothing but the TRUTH..."just the facts, mam!" i had due cause to elevate us back to dinaricon level 5 the other day and this days movements are evidence of the SAME. Do not make any permanent decisions about your future or the like at this time, do not quit your job, etc. However, know that running the emotional roller coaster is not our idea of a joke, and we, like you have a lot at stake both emotionally and figuratively. More as we develop it.
12-7-2012 Newshound/Intel Guru BGG This business about a Dong RV in Europe...didn't happen. Once it happens, it will be worldwide. Everybody will know at the same time.
12-7-2012 Intel Guru Blaino standby:::::::::::possible major breaking news!!!!!! iqd "MAY"..."may" now be tradeable.... We are on top of that issue NOW...Hope this is not "SMOKE"...no price changes so FAR... $3.22 (iqd) and $.29 (vnd) showing and with a ust HOLD...In the executive end of the foreign currency div of a MAJOR BANK.
12-7-2012 Intel Guru Bulldog75 AFTER 16 years: "FAA Lifts Ban on U.S. airlines Flying into Iraq" THE KEY HERE IS TO FOLLOW THE MONEY AND THE POWER STRUCTURES. THOSE BANS ARE NOT LIFTED UNLESS THERE IS POWER AND MONEY BEHIND IT. MORE EXCITING NEWS COMING. JUST HOLD ON TO YOUR HATS AND PONIES. WILL BE BACK WHEN THAT STORY BREAKS. CAN'T SPILL THE BEANS CAUSE THE POT IS STILL BOILING.
12-7-2012 Newshound Guru Tlar It will be years before they even realize that a government is supposed to represent the people. Be glad that they have the oil. It eventually will bring them and you wealth. They eventually will get there.
12-7-2012 Newshound Guru Kaperoni Maliki is little by little consolidating power. He has removed anyone who speaks out against him or is a risk to his power base. Nobody is safe or "off limits" in the Maliki GOI. Unfortunately for us, with the CBI now losing out (independence) to Maliki, we are at the mercy of him. Controlling the tribes, his adversaries, etc. appears to be how he operates. Therefore, giving the dinar value is the last thing Maliki wants. This should have been over months ago, but letting him interfere with the CBI was the worst thing that could have happened. If the IMF, WB and Paris Peace sit back and watch, we are in for a long haul. [post 2 of 2]
12-7-2012 Newshound Guru Kaperoni I asked one time after Shabibi was removed how this effects the signed agreements and implementation of the float. I was told it "does not" affect the agreements as they are with the CBI, MOF. That being said, Iraq is in control of this event and everyone waits until they decide. Unfortunately for us, that now seems to include Maliki who has the final word and has to say "ok". Which IMO is not good for us. The facts are clear that Maliki does not want to raise the value of the dinar for a while. His efforts to stop Shabibi coupled by his advisers own words (not for another 10 years) stand on there own clearly implying they want a "weak dinar". [post 1 of 2....stay tuned]
12-7-2012 Intel Guru Footforward I think there is growing number of people trying to get things moving in a positive direction. In June of last year, Shabibi said on TV they were going to RV. So one of two things happened. Either Iraq did everything they needed to do, had everything completely ready to go & someone higher up stopped them from going through with the RV or Shabibi is an idiot and they really didn't have everything completed. He was just going on TV and saying this stuff for the heck of it. I just don't happen to believe the latter. Maliki has continuously gone to the UN to asked to be released from Chapter 7. They have a check list, why would he go to the UN if things haven't been done. The IMF has to approve if you have a free or a managed float. The word is "suddenly", it's going to come in at a high level and have a managed float slapped on it right away. There isn't one event set in stone that can't be moved signaling the RV has to happen at a particular time. Iraq needs this, the world needs this. I am still looking for this to go at anytime.
12-7-2012 Newshound Guru SWFloridaGuy It may be a long shot but it is possible that the CBI's numbers are fabricated and that there are really "2 sets of books," which would suggest a deliberate move where the CBI works in tandem with the IMF and World Bank to conceal the true numbers from speculators and protect their plan. I would imagine that if Iraq is truly preparing to pull off a historic revaluation, furtiveness would be by far the most crucial element due to the potential for abuse and corruption... if (and that's a HUGE "if") a historic large currency appreciation is indeed on the way for the IQD, "Fixing the books" would be a smart move.
12-6-2012 Intel Guru TerryK [So you see it taking at least another week before we see the movement of the rates?] nah...IM THINKING SUNDAY NIGHT...CASH OUT TUESDAY and thats what i was told tonight that they are pushing towards...i think we will hear it tomorrow night...but you will not see it on forex until it updates sunday...the rate we are seeing [for the dong] is .478 [48 cents] and its still there as of 1pm today. [Is Dinar going to go at same time as vnd do you think?] they will go at the same time. [still think rate will be over $8.00?] YES. i have my phone on just in case i get that call.
12-6-2012 Newshound Guru Mountainman I'm trying to contain my excitement but it's very hard to at this point. After years of being invested in Iraq's currency it finally appears they will be released from sanctions and we will see their currency recover shortly. I'd say they certainly appear to be on track for a significant rate change by the beginning of 2013. Fingers crossed.
12-6-2012 Newshound/Intel Guru BGG Article: "Urgent .. Najafi brief Maliki on his talks in Arbil and talking about signs of a solution to the crisis" It is looking more and more like they will reach a solution on the Kurdish region issue – but make no mistake, Najafi knows Maliki is no ally. He is buying some security and some time to be able to deal with Maliki (a final solution). There’s too much rhetoric against Maliki for this not to be true.
12-6-2012 Newshound Guru SWFloridaGuy The persistent Forex rumors are back. I've said this before and I'll reiterate it for the newbies. The Netdania and Yahoo Finance type sites are not Forex brokers/marketmakers. They are just free web based charting tools and the numbers they use are a poor proxy for volume. The IQD is a controlled currency. The CBI determines the exchange rate and must support that rate by maintaining adequate foreign currency reserves to handle capital flows across its borders and the IMF permits them to implement currency controls in order to stabilize their economy during its redevelopment phase. Presently, international banks will not accept the Dinar, and it is not traded on any Forex exchange.
12-6-2012 Intel Guru BOBGETZ6 Ki Moon of the UN is in Iraq supposedly working on chapter 7 resolution and completion. If done within the time frame he is there, we will have an rv. Also the ISX, the Iraqi stock exchange, is due to go international in January and must have an internationally tradeable currency, thus a RV.
12-6-2012 Dinar Guru Community Guest Guru WdWizard [Debate about a floated rate--Reference Intel Guru Footforward's 12-5 post below] "...a free float can only increase or decrease by 2% evey 90 days."--Footforward What he is speaking about is a "Managed float". A free float rises or falls as the currency market dictates. [This is one of the reasons why Dinar Guru is here...to flesh out the details of this investment. Little details have big impacts.]
12-6-2012 Newshound Guru Breitling This is how we need to look at the rate. There's 2 phases: 1. The phase we are in now...how they are going to get to the rate they want it at which is $1.13 - $1.17, figure around a buck. 2. The next phase is from $1.17 to $3.20. It could be $1.17 right off the bat, but I don't think so, I think it will pip up piece by piece to $1.17. Then from $1.17 to $3.20 and after that it's going to explode in Iraq. Phase 1 - $1.17, phase 2 - $3.20...that's is what the Ministry of Planning stated what their rate is going to be & how they can support it.
12-6-2012 Newshound Guru LoriC Ban Ki-Moon of the UN and Iraqi leaders are speaking of a "historic time for Iraq." Not only will they be removed from Chapter 7 after years of being under the UN's thumb but they will also become financially independent and once again have an internationally traded currency. In my opinion they can sustain anywhere from a 1-3 dollar rate. The timing is the big question. The CBI has said January 2013 since early 2012. They seem to be on track and although I like Shabibi, I think the overhaul with the CBI happened to ensure they stay on track this time.
12-6-2012 Newshound Guru SWFloridaGuy For years now economists have been studying ways to raise the value of the IQD and sustain that growth as well. If they were planning a straight redenomination with no significant rate increase they would have never spent this much time studying the long term effects, in-country (and out) security issues, counterfeiting, dedollarization and how to institute a market-based economy where they are respected as a borrow in the eyes of global capital markets. This is just my opinion of course and I will never be able to prove that a straight RD is not their plan.
12-6-2012 Newshound Guru Adam Montana The revaluing of a currency is not an overnight thing, never was. It's not something that will be done arbitrarily - it will be well planned, fully supported, and will not happen until everything is in the right place.
12-6-2012 Newshound Guru Doc Moon is in Iraq as has been reported. Our guess is he will convey what was in the Secretary-General's report. The report basically said Iraq had not made much progress on the political front. It went on to say while some progress had been made with Kuwait there were still outstanding items. Is Iraq making progress - absolutely. Has everything been completed - absolutely not. We are hopefully the outside political pressure will prevail and Maliki and company will comply so we can see the RV in first quarter 2013. As an aside we monitor forex exchanges and major banks around the globe and neither the IQD or VND have showed any appreciable change in recent days. We report, you decide. [post 2 of 2]
12-6-2012 Newshound Guru Doc Many sites are speculating that all is done. Unfortunately these continue to overlook the obvious. We continue with our position Maliki does not want currency reform at least not quite yet. We are reminded his goal appears to be to control every aspect of Iraq to the point of dictatorship. Our opinion is he will release the RV when he feels he has full control. Right now he does not. He does not control the "wealth" of Iraq in that the HCL is not done. He does not quite have full control of the entire GOI in that he continues to release bogus warrants for those that oppose him. We are also reminded that to control the masses he has to keep them in fear and/or dependent on him. This has been confirmed by various sources such as the Secretary-General of the UN, Allawi and others. As the political wrangling works it way out then currency reform can happen. A free market currency needs a stable political environment and assets to support its value. [post 1 of 2....stay tuned]
12-6-2012 Intel Guru Okie_Oil_Man [NEW IRS RULING EXPECTED TODAY ON CAPITAL GAINS TAX] I AM AWAITING THE I.R.S. NEW 159 PAGE RULEING TODAY THAT MAY ADD 3.8% ADDITIONAL TAXES TO WHAT THE PRESENT CAPITOL GAIN'S TAXES ARE PRESENTLY. THIS NEW RULEING AS I UNDERSTAND IT WILL BE APPLICABLE ON CAPITOL GAIN'S AND DIVIDEND'S, WHICH WILL AFFECT MANY OF US. AS I GET A CHANCE TO STUDY IT WHENEVER IT BECOMES AVAILABLE I WILL SHARE MY UNDERSTANDING OF THE APPLICATION AND WHETHER IT APPLIES TO ALL OF US AS INVESTOR'S. I HAVE NO NEW INTEL ON THE TIMING OF THE R/V. I AM KEEPING CURRENT ON THE INTEL AS IT APPLIES TO EACH OF US.
12-6-2012 Newshound Guru Kaperoni clip from article - "the timing of the start of the project has not been determined until today, but it will not be over the next year 2013 ". Turki added that "the deletion of zeros is a necessary and useful step to restructure the currency and the economy," I just find those two statements very contradictory considering the circumstances in Iraq. Everyone is fully aware of the economic situation in all areas. Delaying this event seems to only accomplish one thing, which would further deteriorate the achievements made in the economy and create more poverty, less employment and civil unrest. Maybe that is what Maliki wants....who knows.The one interesting fact that is still outstanding is the torn, worn out dinar. The articles that addressed this in Sept and Oct stated that the first week of Nov they would start issuing replacements. To this date, I am not aware any such process. Therefore, this article seems to hold even more gravity when you consider the condition of the dinar in country.
12-6-2012 Newshound Guru Tlar "clip from article - "the timing of the start of the project has not been determined until today, but it will not be over the next year 2013 ". Don't believe anything you read concerning when this will happen. Let's look at the facts. They want the ration card shut down in March. The bank is still following Shabibi's plan. They are still mopping up dinar with the auctions. They are trying to become members of the WTO. They obviously want out of Chapter VII. They need the investment as they themselves have stated. The ISX is coming to the front burner. They need tariffs now. They've already raised fuel and electricity proving their serious about the rations. The IMF loans are due Feb with most likely no more extentions. The Cbi has stated once again their ready. How can anyone believe what they are now saying. They can wait another year? Hog wash. Who on here believes that this article would say: "we have decided to remove the zeros in Jan 2013?" Don't believe these guys. They have many reasons and motivations to not disclose their plans.
12-6-2012 Newshound Guru Adam Montana Iraq has made significant progress, is millimeters away from being released from Chapter 7, and would benefit from a raise in the value of their currency.
12-6-2012 Intel Guru Bluwolf On another subject nothing has happen as of yet, I see rumors come and rumors go what I don't see is the solution that must be dealt with here in the U.S.( the tax on the rich ) for that if done before the 15th would insure us a blessed Christmas, but the way I see this it might take longer before the gop falls into play an gives in to a solution. No bill signing, no rv, fine and simple. Looks like we are looking at the beginning of the year before we may see our blessing. 12-5-2012 Intel Guru Footforward China is in control of part of this, but it is really a collective of events. Some think that this is being held off until January, 2013 for taxes, I don't believe that to be true. A free float - there is no way this will free float. If they were to go to a free float they can only increase/decrease 2% every 90 days. It would take a very long time for them to get anywhere. It is not going to happen that way. The GOI has no affect on the RV. The monetary policy is decided by the CBI. The CBI and the GOI have done everything they need to do, it is out of Iraq's hands. There isn't much new intel, there isn't a lot going on out there. We are just waiting for the call to let us know we can go cash out. [post 2 of 2]
12-5-2012 Intel Guru Footforward The Vietnam currency value tanked because of inflation. Vietnam cannot carry a high value to their currency. I don't believe that Vietnam can support a value higher than between $.05 - $.20, no higher. There is manipulation to get people to exchange their dinar for dong. These people will be very disappointed at the end of the day. The dong has not RV'ed anywhere, what you are seeing on the screens is manipulation, propaganda to get you to sell you dinar and buy dong. The dinar will give a better return on your investment, it will outperform the dong, but the dong will still be a very good investment. [post 1 of 2....stay tuned]
12-5-2012 Newshound Guru Med ...THAT WOULD MEAN THE GOI WILL HAVE TO ACTUALLY SET UP SOME KIND OF TAX SYSTEM TO GENERATE REVENUES TO SUPPORT THAT VERY VERY EXPENSIVE GOVT. THIS IS WHY MALIKI WAS TOLD IN LATE FALL OF 09 TO CUT SALARIES AND TO ALSO CUT THE AMOUNT OF IRAQI'S EMPLOYED BY THE GOI THAT THEY HAVE, APPROX. 10 X THE AMOUNT OF PEOPLE WORKING FOR THE GOVT THAN IS NEEDED FOR A COUNTRY ITS SIZE. ALSO, IRAQS BUDGET IS INCREDIBLY HIGH COMPARED TO OTHER COUNTRIES OF SIMILAR SIZE. MALIKI DOES NOT WANT TO LOSE THOSE REVENUES. [post 2 of 2]
12-5-2012 Newshound Guru Med MY #1 REASON FOR WHY MALIKI DOES NOT WANT AN RV RIGHT NOW - IN ORDER TO ENTER THE FREE MARKET ECONOMY IRAQ MUST GIVE UP ALL RIGHTS TO ANY COMPANY PRODUCING REVENUES. THEY CAN NOT HAVE A CONTROLLING INTEREST IN ANY COMPANY, OIL, GAS...NO MORE THAN 49% OF THAT COMPANY. [post 1 of 2....stay tuned]
12-5-2012 Newshound Guru Adam Montana and finally, 3. The announcement of AsiaCell coming onto the ISX... there is a LOT of speculation on AsiaCell - does it signify an RV, does it have anything to do with the RV at all? I say no, but it IS a good indicator that things are STILL going the right direction. We've been watching this investment for 10 years now, and although it really looks like things are wrapping up at an accelerated pace... there's no law that says it can't go another 10. (I'm not saying I think it WILL go another 10! I'm just saying anything is possible)...one last thing... a warrant was also issued for Saleh. Saleh has recently been mimicking what Shabibi was saying before his warrant was issued so it is very easy to see that the GOI (Maliki personally?) may be issuing warrants and warnings to everyone opposing an RV.
[post 4 of 4]
12-5-2012 Newshound Guru Adam Montana I'm certain that Shabibi's actions (putting a l0p ahead of an RV) had a lot to do with him being removed. Now that he is not able to stick his nose directly in the business, I would like to see Maliki move forward at an accelerated pace to raise the value significantly. (If Shabs comes back after the value is raised and is put in charge of maintaining the stability of the new rate, I'm sure he will do a good job.) [post 3 of 4....stay tuned]
12-5-2012 Newshound Guru Adam Montana 2. Changing the currency, deleting the zeros, raising the value, etc. We are seeing a few opposing articles - some say that they plan to swap out the currency in January, others say that's not going to happen. Here is why: The bank has been a supporter of simply removing the zeros. They feel they have inflation and volume of currency under control. Removing the 0's without changing the value is a straight bunny-ear - no value is gained, no value is lost, but what IS lost is two things: The money it takes to needlessly reprint currency, and the potential to recapture lost wealth. [post 2 of 4....stay tuned]
12-5-2012 Newshound Guru Adam Montana There are three items to mention on the "state of the dinar" 1. Tomorrow, Thursday, Ki-moon will be in Baghdad and it appears there is a heavy emphasis on Chapter 7. Ki-moon will meet with Talabani and Maliki...this is a ONE DAY visit, which basically means there isn't a lot of negotiating, strategizing, or anything else going on - it's a "Hi how ya doing? Can we sign this thing yet? GREAT!" type of meeting. (Or it's a "No, we need another week to get Erbil wrapped up...either way, things are going the right way!) [post 1 of 4....stay tuned]
12-5-2012 Newshound Guru SWFloridaGuy Ban Ki Moon is making a trip to Baghdad tomorrow and claims that one of several items on the agenda is to remove Iraq from Chapter VII. If true, this is excellent news for the dinar community. The UN Secretary-General, who is meeting with President Talabani and Prime Minister Maliki will also hold a joint meeting at the Conference Palace with the parliament speaker and heads of blocs and parliamentary committees. Ban Ki Moon said that "Iraq wants to get out of the provisions of Chapter VII of the UN Charter, but I strongly encourage the Iraqi Prime Minister to speed up the closure of many important files in the fastest time possible." I'd have to agree with the Moon on that one. The US Secretary of Defense also met with Maliki to abetment a solution to the Baghdad/Erbil political crisis.
12-5-2012 Newshound Guru 8Ball Article: "Talabani will ask the National Alliance change Maliki upon his return to Baghdad" Maliki maybe stonewalling again leaving them no alternative to pull down the Maliki government due to lack of effort...the twist on this is that they are only asking for Maliki to be replaced so they may have Shiites within Maliki's party saying its not us and Maliki is acting alone...Kuwait is coming to sign all agreements and Iraq must be organized would be my guess.
12-5-2012 Newshound Guru Med IF FOR ONE SECOND ANYONE THINKS THAT I AM NOT 100% POSITIVE THAT THIS IS GOING TO END GOOD FOR US, YOUR WRONG. I TRULY BELIEVE THAT WE ARE NOT OUT OF THE RV RACE FOR THIS YR. I DO EXPECT THEM TO DO A CONTINUOUS RATE INCREASE AND PAUSE AN INCREASE AND PAUSE AND KEEP IT GOING UNTIL THEY ARE AT THAT ONE TO ONE THEY ARE LOOKING FOR. [post 2 of 2]
12-5-2012 Newshound Guru Med I WAS SO SURE AND I MEAN SURE AS COULD EVER BE THAT COME JAN 1 WE WERE DONE...I WAS AS CLOSE TO 100% AS A PERSON CAN GET BEING CERTAIN. WE WERE THROWN A CURVE HERE BUT WE HAVE HUNG SO TOUGH THROUGH WHAT HONESTLY MANY OF THE BIG INVESTORS WHO DEAL IN WALL STREET WOULD HAVE SAID SCREW THIS BUT THIS IS IT FOR US, THIS IS OUR ONCE IN A LIFE TIME CHANCE. [post 1 of 2....stay tuned] 12-4-2012 Intel Guru TerryK THIS IS DONE...A LARGE AMOUNT OF $$ HIT THE BANKS SECTORS TODAY. HEARING THAT THIS AGAIN COULD GO DOWN TONIGHT AND YOU WOULD CASH IN 24 - 48 HOURS, PUTTING IT INTO THEIR FRIDAY - TUES BEST NIGHT FOR BANKING SYSTEM. AGAIN, THIS IS FROM A SOURCE THAT IS IN THE KNOW. A LOT OF POWER PLAYS SCREWING WITH THIS AS IM SURE YOU CAN IMAGINE... I DONT PREDICT ANYTHING IM GIVING HARD RUMORS FROM SOURCES. IF YOUR WONDERING ON RATES IT DOES NOT MATTER AND IM NOT TELLING ANYWAY, YOU WILL BE HAPPY TRUST ON THAT.
12-4-2012 Intel Guru Blaino this is a full alert however, these are unsubstantiated discussions as things now STAND....Remain calm, plan to go to work tomorrow, etc, ETC...we are seeking confirmation of a revaluation of the iqd @ $5.25 .... Standby...
12-4-2012 Intel Guru Angelquest I CONTINUE TO STAND THAT IT IS DONE EXCEPT THE SHOWING TO US FOR THE EXCHANGE WINDOW THROUGH 15-16TH, IMHO ONLY.
12-4-2012 Intel Guru Blaino Announcement: to clear up misconceptions, questions, ETC... And due to freshly received intel in the last few minutes .... I am taking planet dinar to dinaricon level 5+....I still cannot give a "PASS"...I CAN SUM UP THE NEWS IN A SINGLE WORD... FILED WITH GOLDEN PROMISE AND DREAMS OF DREAMS COME TRUE!..."SOON!"
12-4-2012 Newshound Guru Kaperoni Iraq cannot wait 13 more months to raise the value and sit with a currency that is not tradable. IMO, as we have stated several times, the float will begin soon (again, raising the value and changing the currency are two different events). This event will change the CBI from Article 14 to Article 8, and more importantly make the dinar international. It then will rise in value based on supply/demand. In other words, the world will dictate the rate of the dinar. Hopefully getting to 1 to $1 soon thereafter.
12-4-2012 Intel/Newshound Guru Poppy3 Another rumor is the Dong RV'ed in Europe. Sources have not validated this as of yet. I was told it was showing on bank screens around the globe except for in the U. S. Take this as rumor. I can't believe that they can RV in one country and not the rest. I'm very encouraged as there is a lot of talk around the globe about what is about to happen. Hopefully they get the laws passed & get them done quick. There are so many articles saying January 1, they have to get things done prior to January 1 for anything to happen in the 1st of the year. I am looking for a lot to be accomplished this month. [post 2 of 2]
12-4-2012 Intel/Newshound Guru Poppy3 Parliament is to vote on 3 laws today & complete the discussions on the 2013 budget. There's a lot of things pointing to they are going to get this done. I received on Nov. 30th from three different sources that the Dong was to go on Dec. 1st. & the rest was to follow. Obama met with the IMF and talked to Maliki over there asking them to hold off to the 1st of the year so he could get more taxes & China blew a stack, they were totally upset. They wanted us to have money to buy goods. It has been agreed upon that he will step out of the way when he goes on vacation which I think is the 16th, 17th of this month. This came from reliable sources, but I still have this as rumor. [post 1 of 2....stay tuned]
12-4-2012 Intel Guru Angelquest DEC 25TH IS MY LAST THOUGHT ON A BACKDATE AND I REALLY THINK WE SHOULD NOT WORRY ABOUT THAT DATE.
12-4-2012 Newshound Guru Mountainman Kuwait's Prime Minister is visiting Iraq this weekend to discuss the two countries economic future and some recent developments. It is not yet clear if this is RV or Chapter 7 related but it's possible it could be either. I will keep everyone posted on what I learn from this meeting from my sources.
12-4-2012 Newshound Guru Med one thing i would like all to think about when thinking of the rv...a countries currency is only as strong as the govt that backs it...now remember about the strength of a currency and how we are seeing possibly movement for iraq right now to securing a stronger govt and currency. there is no way and i mean this with all sincerity that men like najafi or allawi or talibani or barzani will allow a new dictator or sadr even. they are trying to resolve this in a way of no bloodshed. that is why it is dragging out. they have kept this from turning into a civil war, yet keeping maliki from doing real irreparable damage. anything he has done can be easily reversed even all the stealing of money, they have so much wealth.
12-4-2012 Newshound Guru Tlar Article: "BAGHDAD / Baghdadiya News / House of Representatives voted on Saturday, the three laws began the second reading of the federal budget law for 2013." If they can just get it done before the end of the year. This is extremely important to our investment. I believe it is two readings then a vote and then it is published in the gazzette before it becomes formal law.
12-4-2012 Intel Guru TerryK first of all logistics banking systems must all sync together...that would be tue night...2-3 am tue morning / wed when the banks talk next...tuesday night going into wed morning is the banking sync time...we would maybe have to wait 24-48 hours after that point which would take us into a thursday night. iraq banks closed on friday / saturday price adjustment in iraq re-program and when they open sunday you would see the currency, now if the banks talk on tuesday we may see it / we may not i will let you know. we will see wwiii or the rv this week... i have the rate...from my source in the imf...u will love the rate. im hearing a lot of positive things. my source told me tonight not to turn my phone off that they maybe calling me at 3 am. [post 3 of 4....stay tuned]
12-4-2012 Intel Guru TerryK now thursday is the first day that wf is allowed to sell the dong again for years they can buy and sell the dong, do you hear what im saying. now i purchased dong thursday for 48 it went up to 59.79 today per mil so there is movement. 73 trillion is coming into the banking system this week i was advised that in the wf branch that my buddy works at today they received 1.9 trillion over the weekend what does that tell u. [post 2 of 3....stay tuned]
12-4-2012 Intel Guru TerryK the lady of china is pushing for a global reset and pushing a certain person in the usa to rv, dont know how thats going to play out its not in the main stream news. a few things are going on as we speak, hong kong source is telling me that the dong is being traded right now for .47 in the mid east, cant verify... it is showing up on currency sites just not forex...forex guy is telling me its on the screens but has not been released...wf source is telling me its on the screens but not released. [post 1 of 3....stay tuned]
12-3-2012 Intel Guru BellaGrits the Intel I was provided and believed whole heartedly for well over one year was merely false hope. Now it’s time to get real, my friends. New and exciting times are drawing near...This has never been just about an RV; it never was and it encompasses many more things than any of us can imagine...the people of IRAQ need this terribly...please remember I maintain my position, this has nothing to do with IRAQ...they have done their part...things are in progress...things are happening that I could never explain and much I don't understand...I can't tell you how much work is going on "behind the scenes" as I would put it....many people want to see your investment happen as quickly as possible...many have spent hours of their days to work together.
12-3-2012 Newshound Guru Bondlady The world's largest banknote printer blamed the profit warning on delays to "a number of significant orders which had been expected and planned for production in the second half of the current financial year"...if this isn't mainly talking about iraq, i dont know what other country de la rue was doing a major contract for. then...all of a sudden...laws were passed with the new proxy cbi govenor, which the goi/parl didn't seem to want to pass for shabibi...and when you tie all of this in with our thanksgiving post of new and amended laws passed, counterfitting and money laundering laws... we...look for the changes happening...and they are happening...huge things as we watch a country being given life right before our eyes...truly exciting times...well i can't see it any other way than we're very close. [post 2 of 2]
12-3-2012 Newshound Guru Bondlady i'm going to do something i never do...repeat a rumor that was told to me...so take it as a rumor please...but because of things my team and i've discovered, there could be some truth to things...someone told me the currency was printed in the 1st part of november 2012, and was shipped at the end of nov. 2012...that being said....then we did some dela rue studies...this was a stockholders meeting from del a rue..."De La Rue issues profit warning after contract delays By Simon Nias Wednesday, 14 November 2012 De La Rue's share price fell more than 5% on Tuesday after it was forced to cut its full-year earnings guidance in its six-month trading update" [post 1 of 2....stay tuned]
12-3-2012 Intel Guru Angelquest we are waiting on them to release it to the world...period it is done..all that know me know I dont sucker punch but tell it like it is...IT IS DONE JUST WAITING FOR THE SHOW...ALL IS DONE BUT THE REVEALING OF IT TO US TO EXCHANGE.
12-2-2012 Newshound Guru Kaperoni Now that Shabibi is gone, we see articles coming out about the condition of the currency on the street. We believe they are going to move forward. We don’t know when. We know agreements have been signed and it appears from the pressure that the IMF is putting on pertaining to the IMF Standy Agreement, they really have to do something. The problem with Iraq is that everything can change and even though you set a deadline of February of when the IMF extension expires, they find a way to get another extension. Lets hope that they don’t because every time they get an extension that just means it isn’t going to happen. The last thing that Maliki wants to do at this point, given the current conditions in Iraq, is give value to the currency. I guarantee it. [post 3 of 3]
12-2-2012 Newshound Guru Kaperoni The GOI stepped in and said “wait a minute, we’re not ready, we don’t want this to occur” and stopped the event. Then there was a whole series of articles that the GOI has to work with the CBI. And this whole scenario repeated itself, all these articles came out with CBI saying we are ready to go. Again, the GOI stepped in and shut it down. Clearly, there were two occasions where the CBI was clearly ready to implement this project. [post 2 of 3....stay tuned]
12-3-2012 Newshound Guru Kaperoni There was an article that came out in December 2010 and it clearly stated that Shabibi said once the government is formed and stable I will move forward with the project to delete or lift the zeros of the currency. A lot of sites took this during the entire year of 2011 as to why the event didn’t occur. The reality is in February 2011, Saleh came out and said the govt is stable enough, we are now moving forward with the deletion of zeros. Even though the govt isn’t where we want it they felt it was far enough along at the time to move forward. They were prepared in June 2011 and Shabibi came on TV and said at the end of this month I am going to implement this. [post 1 of 3....stay tuned]
12-3-2012 Intel Guru BOBGETZ6 have heard it is done and until I get a phone call with the 800 number for the WF exchange, IT IS NOT DONE. Could we see to today, maybe by this afternoon, yes. I have three sources who will call me within minutes of the rv. Until then, it hasn't happened. Supposedly the banking and investment laws in Iraq are now complete. Supposedly the new IQD has been printed and delivered. That is rumor, treat it as such.
12-3-2012 Newshound/Intel Guru BGG Article: "Urgent .. Najafi calls the Legal Committee of the legal drafting of the Federal Court and the Judicial Council after temporarily postponed" The significance of this event to me…is they are getting very, very close to doing something with the Fed Courts Law. The reason this is important to us is that once they do whatever they intend to do with Maliki – if his crooked avenue to the Federal Court system is shut off…he has no other option. He’s out and public sentiment is not going his way – so he’s really out!!
12-3-2012 Intel Guru Angelquest all is still good...i would watch and see what happens in china, greece and the good ole usa...today is a good day...but remember Mondays are catch up days for the stocks and banks so stay grounded.
12-3-2012 Newshound Guru Tlar they just announced the new budget would be free of the zeros. The 2013 budget is 2 readings old and they are attempting to finish it this year. They are serious enough about it that parliament just waived the requirement that all the accounts for the previous year have to be submitted before any new budget is voted on. 12-2-2012 Intel Guru TerryK a little bird tell me that we may see something later tonight or tomorrow, no later than Thursday as that the key players that employ o [Obama] are putting pressure on him as well...china has control so i"m pretty excited that they are applying pressure... now i have a big shot telling me that tonight looks sweet. i have a trade platform group telling me tonight, so a lot of groups out there saying we are there. i bet i got 50 calls today alone. Hong Kong source says 4 am eastern we should see it, change in the market.
12-2-2012 Intel Guru TerryK a little bird tell me that we may see something later tonight or tomorrow, no later than Thursday as that the key players that employ o [Obama] are putting pressure on him as well...china has control so i"m pretty excited that they are applying pressure... now i have a big shot telling me that tonight looks sweet. i have a trade platform group telling me tonight, so a lot of groups out there saying we are there. i bet i got 50 calls today alone. Hong Kong source says 4 am eastern we should see it, change in the market.
12-2-2012 Intel Guru Freeway Bill The RV will come and everything looks better than ever before, but nobody knows exactly when.
12-2-2012 Newshound Guru Kaperoni When Shabibi went on TV/skype after he was removed he made it clear there was a difference in monetary philosophy between himself and the GOI. He said there were numerous meetings with the GOI wherein they tried to impose their monetary policy, the govt, meaning Maliki kept saying you should do this, you should do that. Shabibi’s position was that CBI was independent of the GOI.
12-2-2012 Intel Guru TerryK ONE US GOVERNMENT DUDE TOLD ME TODAY THAT THIS MAY GO DOWN SUNDAY NIGHT WHEN FOREX OPENS BUT ANOTHER TOLD ME...IT MAYBE ANOTHER WEEK. SO HERE WE GO AGAIN ANOTHER WEEK. I HEAR [OBAMA] IS STALLING FOR 40% TAX. IT'S DONE IN IRAQ. CHINA IS PUTTING THE PRESSURE ON. I'M HOPING THAT WHEN THE FOREX OPENS SUNDAY NIGHT WE MAY SEE SOMETHING.
12-2-2012 Newshound Guru Tlar So IMHO unless Maliki specifically attempts to stop this from happening, I see this law taking affect the first quarter of next year maybe in January. It is already on the books. Theoretically if it does go into effect as it is supposed too, the currency must be already in place with it's new value. They can't let this law be activated without raising the currency first or it will cause undo damage to their economy. I truly am happy to see all these articles pushing this law to the front burner. Parliament and the GOI know this is an issue that must be dealt with in steps. Currency first, tariffs second. [post 3 of 3]
12-2-2012 Newshound Guru Tlar Iraq has already delayed this law two times. The last time parliament delayed this law was June of last year as stated by the article above. They postponed it until January of 2013 but they put a stipulation on it that it was not to be delayed again. They tied this stipulation to the law. I also believe that parliament delayed it to coincide with Shabibi's stated date to introduce the new smalls, also in January. [post 2 of 3....stay tuned]
12-2-2012 Newshound Guru Tlar Article: "Rikabi: customs tariffs pending the introduction of electronic technology as a system to prevent corruption at border crossing points" To me these are positive articles. They say two things to me. The first is that the articles say tariffs are postponed until 2013. They don't say when in 2013 but many previous articles saying essentially the same thing, have indicated that it would be in early 2013. The second thing that is important is we know and the government has implied, they can't introduce the tariffs until they raise the value of the currency. It is too inflationary. If we assume that earlier articles stating the early part of 2013 are real and still on target, then it follows that the new currency value would have to be in place before then. I've always said that the tariff and tax laws, one of the three tools Shabibi told the IMF in 2008 he could use to control inflation and support the exchange rate, is the most important indicator of how close we are to an RV. [post 1 of 3....stay tuned]
12-2-2012 Newshound/Intel Guru BGG I cannot believe how much wild news (real news) there is currently about the goings on with the Government of Iraq (GOI). It would appear to me there are big changes on the near horizon for us.
12-2-2012 Newshound Guru Kaperoni You have to remember...that Iraq has sold between 6 and 10 trillion dinar outside of Iraq. That was intentional. It was the plan to disperse their currency into Central Banks around the world that will be held out there. But they’re not in a position to pay for a high value on that currency but they can watch it go up by speculators and investors. Given a float, speculators will buy and sell and it won’t cost Iraq anything to watch it go up and obviously their own currency in country goes up at the same rate therefore they are the recipients of the stability and increase of value of whats being held outside of Iraq. That in my opinion is a fabulous plan. [post 3 of 3]
12-2-2012 Newshound Guru Kaperoni I personally have seen the trading room that was being constructed. I have chosen not to talk much about it. We’ve already said many times we know that contracts have been signed. In my mind, despite what other people say that it will come out at $3 and $2 and all this other nonsense, I know the facts and the facts are that this is being set up to float. If it goes as planned when it floats, as dinar holders we are going to watch the dinar rise in value. We don’t know how fast, it could be a few months to get to a dollar or it could be several months. That’s the plan as far as I know. [post 2 of 3....stay tuned]
12-2-2012 Newshound Guru Kaperoni We know in reality that they can’t wait and that something has to happen. The value of the dinar needs to begin to rise so that when 2014 comes they can kick this into high gear and say ok now we have value to our currency, now we can move forward, now we can remove the zeros. It was the World Bank that said in 2014 they were going to be a donor country vs. a receiver of loans. If nothing is going to happen for another 13 months it becomes pretty impossible for Iraq to become a donor in that period of time. They’ve got to start raising the value and we believe again that it will be a float. [post 1 of 3....stay tuned]
12-2-2012 Newshound Guru LoriC No one knows the date or rate for sure, that's a very closely guarded secret but we do know that under article 46 the CBI has the power to make this move as they see fit and they've been saying January 2013 for quite some time now. Well, we're almost there now and we know Iraq and its citizens are suffering with a worthless currency. I can't see any reason to postpone it further. [post 2 of 2]
12-2-2012 Newshound Guru LoriC Iraq's goal is still to restructure their currency to make the IQD equal to the USD by the beginning of the new year. We should expect to see either the rate start to float up or a large revaluation any time now. There is a bogus report that the project will be put off until 2014. We've seen a hundred more that conflict with that and we know that it's there job to put out some disinformation. This revaluation has received far more press than they ever intended thanks to the Internet. [post 1 of 2....stay tuned]
12-2-2012 Newshound Guru Mountainman Iraq is one step closer to being released from Chap 7 with the new strategic partnership agreement they are signing during this next term. The statement said that this will pave the way for Chap 7 removal and enhance Iraq/Kuwait relations. The UNSC is running out of excuses to keep Iraq under sanctions and the international support for this cause is growing.
12-2-2012 Intel Guru Hammerman Maliki is not going anywhere and Shabibi is not going anywhere. Shabibi was granted a 9 to 18 month extension on his term. They do have someone to fill his position if anything should happen to him, he is training him, but he isn't going anywhere without an RV. With or without Shabibi the RV should run smoothly. There is a lot of info that the VND had been showing at $.47. Let's see what happens. I expect it to go as high as $2. - $2.50.
12-1-2012 Intel Guru BWM OK, here's my timeline. I still have reasons to look between now and first quarter of next year. After that, I fear that things could escalate into 2014 but again, information changes daily so is there a chance this could happen now? SURE, but like every good discussion there are other factors you could say will cause this to take longer as many say that Iraq is in control (and I disagree completely).
12-1-2012 Intel Guru Winalot I have been thinking about this...There are 1 of 2 things going on right now...or both...the after hours traiding that is going on with the IQD and the VND...1. Countries are trading among themselves, and 2. banks trading off toxic derivatives. Here is how this would work: I am a visitor to a town. I stop at the local hotel, request a room. The hotel keeper tells me it will be $100. I agree, but I want to look at the room first. I give him the hundred, and go up to look. While I am up there, hotel keep runs to the butcher, who he owes $100 for the beef he serves, and pays him. Farmer runs to the grain mill, to pay for his feed, which he feeds the cows. The grain mill got the grain on loan, so he runs to the bank to pay off his loan, which is $100. The banker has a girlfriend, and uses the hotel, to whom he owes $100, and he goes to pay off his bill. Soon after, I come down, don't like the room, and get my $100 back. Everyone is paid and i still have my $100. until they get done horse trading... here we sit. I do think that they are about done, or we wouldn't be seeing numbers changing.
12-1-2012 Newshound Guru Med all i can say after reading all the news is holy ***** this thing is about to explode. it appears that maliki is pushing and pushing the kurds into a corner and he is looking for them to either buckle and then maliki is the winner takes all or he is looking for an actual fight. i have seen nothing to make me believe that maliki wont use any tactic.
12-1-2012 Intel Guru Panda Express There are a lot of currencies and a lot of pairings and a lot of things going on. I can’t imagine the technical stuff that has to go on to make this work. But we have watched a lot of these currencies that are in the same area and the VND against the Hong Kong dollar has been at .37 for the last three days. As we see these additional currencies start pairing up it leads us to believe we gotta be getting closer. [post 2 of 2]
12-1-2012 Intel Guru Panda Express [new guru] It (VND) has been consistently trading against the Euro at 36-37 cents for over a week. Now that is a one-way pairing. In other words, you can’t run down to your local branch or currency exchange and do anything with it. At the close of business tonight (Friday) the USD against the VND overnight bid was $.58 and the ask $1.18. It has been stuck on that for the last 48 hours. The USD against the VND has been fluctuating between 38 and 36 cents since November 16th. [post 1 of 2....stay tuned]
12-1-2012 Newshound Guru Med to me maliki is making a huge blunder in errors now he cuts the salaries of the kurdish military instead of calming the fires. it seems like almost maliki is purposely trying to divide the country into a civiil war. i wish i was a fly on the wall of the meetings when the big three talibani allawi and barzani meet.
12-1-2012 Newshound Guru Mountainman Saturday is a big day for Parliament. The House is voting on five laws including the Federal Court, Supreme Judicial Council, the first and second readings of the nine laws and discussing the work report of the integrity Commission.
12-1-2012 Newshound/Intel Guru BGG Article "Khafaji: Allawi movements and Barzani to withdraw confidence is clear evidence of U.S. intervention for the purpose of forming three provinces/GAZETTE!" Based on everything we have seen and current “back channel sources” – the US is now heavily involved…but I doubt the goal is a three-part Iraq. That is more “crazy Maliki rhetoric” aimed at stirring up sentiment against anyone opposing him and his “Nationalist – aka Dictatorial” tendencies.
12-1-2012 Intel Guru Bear5642 I really can't share some of the info I have because some people would get in trouble, especially me. I have spoken to people way up and found that only one can be trusted. That's with WFB. I can tell you this, it is not in Iraq's hands any longer. Both [Dong & IQD ?] have been showing activity with test rates. Back wall is no later than january 2013. Remember I am a pastor so I don't lie or fabricate any intel. I have my sources and just got a new one born and raised in Iraq married to an American in the USA. Well I can tell you are extremely close for the RV.
12-1-2012 Newshound Guru Doc The positive note is the report did highlight much progress in Iraq. We find the speed of progress similar to watching paint dry. However, progress is being made and we must remind ourselves this is new territory in the history of Iraq and to a large extent very foreign to their culture. The bottom line is we continue to believe in the value of this investment but truth be told it appears we will have to watch the paint dry for a while longer. We report, you decide. [post 3 of 3]
12-1-2012 Newshound Guru Doc It was reported by others that chapter 7 was lifted. Unfortunately this was once again premature. The report of the Secretary-General highlighted progress between Kuwait and Iraq but encouraged both parties to accelerate progress to COMPLETE all outstanding issues to which they both agreed. Our question here is simple - how could Iraq be released when they have not completed all requirements for release? The report also suggests the UN continue to be involved with Iraq through 2013. [post 2 of 3....stay tuned]
11-30-2012 Newshound Guru Kaperoni IMO there is no way Iraq can wait very long before they make it internationally convertible. IMO, based on what I know, the rate will be a float and that gets the ball rolling. Keep in mind the there is a substantial advantage to this float. It is a sure way to raise the value of the dinar (and the dinar out of country) some 7-10 trillion, that Iraq does not have to pay for. Banks, speculators, etc. pay for it through the Forex and it ends up in central banks around the world. So Iraq sees the results (value) and the benefits (cost) of a float. Removing the zeros will happen as a result of the float. As the rate rises, the zeros go away (remove the zeros).
11-30-2012 Newshound Guru Doc After reviewing the recent report of the Secretary-General concerning progress in Iraq our most recent opinion that the RV is not imminent is further solidified. The most telling quote is in the summary of internal developments which stated "...political blocs pursued their consultations aimed at resolving the continuing political stalemate in Iraq. While there were several initiatives in this regard, no tangible progress was made on any of them." Basically this sums up our previous arguments that none of the key issues have been resolved and this report suggests they are still a ways away from resolution. The report went on to highlight the tension between Maliki and the Kurds and in particular HCl. As stated previously it appears it will take much more time for resolution. [post 1 of 3....stay tuned]
11-30-2012 Newshound Guru LoriC There is an important meeting next week with all the big hitters that may lead to the end of the political tensions and an agreement on the reforms. Allawi, Talabani and Barazani are coming together to unify their positions and the rumor is that they have already come to a consensus among themselves and that this is just to finalize it.
11-30-2012 Newshound/Intel Guru BGG Article "U.S. delegation participating in the meeting between the delegations of Arbil and Baghdad military" This participation by the US was not invited – it was MANDATED!! They tried to let them sort out their own differences. It has not worked – now we’re stepping back in.
11-30-2012 Newshound Guru Adam Montana There is always a chance that we will have to RUN to the bank and take whatever rate we can get. I feel pretty confident that if Iraq says "Ok the rate is now $1" - they will be able to maintain it and control the situation. BUT if they lose control, chaos erupts, and the value starts sliding downward - it may be wise to simply take whatever you can get.
11-30-2012 Intel Guru Footforward Iraq has not been removed from Chapter 7. Some say they were, this is 100% false & is based on an old article that was published today [Thursday]. This is psychological warfare & it's going to continue until the RV occurs. Also, the dong showing up with different rates is psychological warfare. The tariff laws will go into affect after the RV happens. If they did it before it would be disastrous for their economy. If Iraq doesn't RV, they will be in dire straits. They need to have the dinar strong in order to be a strong nation. You can't have a country that is thriving & using another countries currency. It's going to happen, it's just a matter of when. All my sources are looking for this now. It should have already happened.
11-30-2012 Intel Guru SteveI Now to address a possible rate, many boards will be very conservative and predict a one to one ratio, however, I will stand behind my thoughts. Over a year ago the 3.22 was taken as a date...Well, that was blown out of the water. If you go look at my past posts and research, you will find ample news documents and posts to assure you that it will not be anything but a rate that is consistent within the region. So in summary, if you take all of the news articles and connect the dots, they are leading to one thing, and that is Iraq is and will bring their currency to a proud value that represents their assets. Also, remember the very close oil sharing, among other things, with Kuwait. And what is the value of the Kuwait Dinar? Exactly. I need say no more. [post 5 of 5]
11-30-2012 Intel Guru SteveI the 2013 budget...Will or will it not contain the new revalued rate. If you all recall, it has been in print that the new budget will be in the new currency rate. It is also based on the $90 oil price. I think another hint is all of the news regarding the lifting of the three zeros. They state it will happen at the beginning of the physical period. If you recall last month (October) the Economic Committee Members stated the rush to delete the zeros currency, and it must start early 2013. So does this mean January 1, or thereafter. Now [Not ?] really sure, but I have to wonder, if the budget is in fact using the new rate, it would be January 1st. The 2013 budget has been read once and is ready for a second and final reading. We know that the new budget will start Jan 1st 2013. [post 4 of 5....stay tuned] 11-30-2012 Newshound Guru Kaperoni IMO there is no way Iraq can wait very long before they make it internationally convertible. IMO, based on what I know, the rate will be a float and that gets the ball rolling. Keep in mind the there is a substantial advantage to this float. It is a sure way to raise the value of the dinar (and the dinar out of country) some 7-10 trillion, that Iraq does not have to pay for. Banks, speculators, etc. pay for it through the Forex and it ends up in central banks around the world. So Iraq sees the results (value) and the benefits (cost) of a float. Removing the zeros will happen as a result of the float. As the rate rises, the zeros go away (remove the zeros).
11-30-2012 Newshound Guru Doc After reviewing the recent report of the Secretary-General concerning progress in Iraq our most recent opinion that the RV is not imminent is further solidified. The most telling quote is in the summary of internal developments which stated "...political blocs pursued their consultations aimed at resolving the continuing political stalemate in Iraq. While there were several initiatives in this regard, no tangible progress was made on any of them." Basically this sums up our previous arguments that none of the key issues have been resolved and this report suggests they are still a ways away from resolution. The report went on to highlight the tension between Maliki and the Kurds and in particular HCl. As stated previously it appears it will take much more time for resolution. [post 1 of 3....stay tuned]
11-30-2012 Newshound Guru LoriC There is an important meeting next week with all the big hitters that may lead to the end of the political tensions and an agreement on the reforms. Allawi, Talabani and Barazani are coming together to unify their positions and the rumor is that they have already come to a consensus among themselves and that this is just to finalize it.
11-30-2012 Newshound/Intel Guru BGG Article "U.S. delegation participating in the meeting between the delegations of Arbil and Baghdad military" This participation by the US was not invited – it was MANDATED!! They tried to let them sort out their own differences. It has not worked – now we’re stepping back in.
11-30-2012 Newshound Guru Adam Montana There is always a chance that we will have to RUN to the bank and take whatever rate we can get. I feel pretty confident that if Iraq says "Ok the rate is now $1" - they will be able to maintain it and control the situation. BUT if they lose control, chaos erupts, and the value starts sliding downward - it may be wise to simply take whatever you can get.
11-30-2012 Intel Guru Footforward Iraq has not been removed from Chapter 7. Some say they were, this is 100% false & is based on an old article that was published today [Thursday]. This is psychological warfare & it's going to continue until the RV occurs. Also, the dong showing up with different rates is psychological warfare. The tariff laws will go into affect after the RV happens. If they did it before it would be disastrous for their economy. If Iraq doesn't RV, they will be in dire straits. They need to have the dinar strong in order to be a strong nation. You can't have a country that is thriving & using another countries currency. It's going to happen, it's just a matter of when. All my sources are looking for this now. It should have already happened.
11-30-2012 Intel Guru SteveI Now to address a possible rate, many boards will be very conservative and predict a one to one ratio, however, I will stand behind my thoughts. Over a year ago the 3.22 was taken as a date...Well, that was blown out of the water. If you go look at my past posts and research, you will find ample news documents and posts to assure you that it will not be anything but a rate that is consistent within the region. So in summary, if you take all of the news articles and connect the dots, they are leading to one thing, and that is Iraq is and will bring their currency to a proud value that represents their assets. Also, remember the very close oil sharing, among other things, with Kuwait. And what is the value of the Kuwait Dinar? Exactly. I need say no more. [post 5 of 5]
11-30-2012 Intel Guru SteveI the 2013 budget...Will or will it not contain the new revalued rate. If you all recall, it has been in print that the new budget will be in the new currency rate. It is also based on the $90 oil price. I think another hint is all of the news regarding the lifting of the three zeros. They state it will happen at the beginning of the physical period. If you recall last month (October) the Economic Committee Members stated the rush to delete the zeros currency, and it must start early 2013. So does this mean January 1, or thereafter. Now [Not ?] really sure, but I have to wonder, if the budget is in fact using the new rate, it would be January 1st. The 2013 budget has been read once and is ready for a second and final reading. We know that the new budget will start Jan 1st 2013. [post 4 of 5....stay tuned]
11-29-2012 Intel Guru SteveI Here are some other positive events happening, representative Kobler from the UN (United Nations) is in Baghdad meeting with Maliki and others. Kuwait and Russia are both pushing to get the final Chapter VII sanctions lifted from Iraq. This very well take place December 15th, 2012 at the next UNSC meetings. The new currency is now in the banks and they are ready for distribution. This would not have happened if they were just kidding or testing the waters. They were told (the banks) that it would not be much longer. [post 3 of 5....stay tuned]
11-29-2012 Intel Guru SteveI When the court is done with this investigation in the next few days, they are going to publish the names of the people in the government that will be indicted. This is huge. From our sources, Dr. Sinan Al-Shabibi has not been found guilty of anything but upholding the constitution and the direction of the CBI. When this is all said and done, he will regain his official position as the "Govenor" of the CBI. According to our sources, Dr. Sinan Al-Shabibi is pushing for Iraq to re-valuate their very low valued currency. It is not yet recognized as a trade-able currency in the open market. We have proof thru our sources that he has been telling the people to prepare and it will be coming in the near future. [post 2 of 5....stay tuned]
11-29-2012 Intel Guru SteveI I will share what we are being told from our sources in Iraq...other sites...tell everyone that Dr. Sinan Al-Shabibi is on the run and in hiding...this is not even remotely true...Dr. Sinan Al-Shabibi has been in out of the country visiting family during this time of investigation. Each and every time Maliki, Parliament or committee investigating the activities of the CBI (Central Bank of Iraq) of any wrong doings, he has been prompt in returning and answering any questions. I understand that there has been someone appointed as temp "govenor" during this investigation, however he is not out of the picture. According to the official CBI website he is still listed as "Govenor". [post 1 of 5....stay tuned]
11-29-2012 Intel Guru Okie_Oil_Man I FEEL WE ARE VERY CLOSE TO OUR DESTINATION BUT I DO NOT KNOW EXACTLY WHEN THAT WILL BE. I WOULD LOVE TO GIVE DATES AND RATES BUT AT THE PRESENT I HONESTLY DON'T KNOW. HAVE YOU EVER NOTICED THAT OKIE ONLY POST'S WHEN SOMETHING OF RELEVANCE IS OCCURING??--THINK ABOUT IT-- [post 3 of 3]
11-29-2012 Intel Guru Okie_Oil_Man I WAS REQUESTED BY AN OFFICIAL AGENCY TO NOT POST ANYMORE INTEL AS IT MAY HINDER PROGRESS IN OUR QUEST FOR RELIEF OF OUR FINANCIAL NECESSITIES. I CERTAINLY DIDN'T WANT TO MUDDY THE WATER OR BE A HINDRENCE THUSLY I DECIDED TO HONOR THE REQUEST OF SILENCE OF CURRENT INTEL. I HAVE BEEN CARRYING A GREAT DEAL OF GUILT BY SUDDENLY STOP POSTING BUT I FELT HONOR BOUND TO DO SO. I HOPE YOU APPRECIATE MY POSITION AND WILL MAKE ALLOWANCES FOR IT. [post 2 of 3....stay tuned]
11-29-2012 Intel Guru Okie_Oil_Man THERE ARE HISTORIC EVENT'S OCCURING TODAY, NOT THE LEAST IS IRAQ BEING FREED FROM THE SHACKLES OF CHAPTER 7 WHICH WOULD IN TURN GIVE THEM THE SOVERIGNTY THEY HAVE BEEN LACKING AND THE RESTRICTIONS PRECLUDING THEM FROM BEING A WORLD RECOGNIZED TRADING COUNTRY. THE ENTIRE WORLD'S ECONOMY IS ON THE BRINK OF SOMETHING MONUMENTAL OCCURING AND WE HAVE THE PRIVLEDGE OF WATCHING HISTORY UNFOLD RIGHT BEFORE OUR VERY EYES. CARPE DIEM (SEIZE THE MOMENT). I AM STILL UNDER A N.D.A. AND HOPEFULLY BE RELEASED FROM IT SOON. --THEN AS PAUL HARVEY SAID--I WILL TELL YOU THE REST OF THE STORY. [post 1 of 3....stay tuned]
11-29-2012 Intel Guru TerryK They are doing the final reading of the 2013 budget. That should have happened today. the dong showed up on Forex at .47 and .48... friend said be patient, not there yet. Some people have stated that the Dong may go to 2.22...you all will be extremely surprised and happy if this is true, that information is coming from some very high sources one in the US one in England.
11-29-2012 Intel Guru Bluwolf THERE ARE SOME MINOR DETAILS TO BE POLISH OUT ( TAXATION TO THE RICH ) IN ORDER FOR THE TOTAL PACKAGE TO BE COMPLETED, DELIVERED AND SIGNED. AS YOU CAN SEE THAT IS IN PROCESS AS WE SPEAK, JUST PRAY THAT ALL INVOLVE PROMPT TO THE RESULTS. ANYWAY YOU LOOK AT IT WE ARE IN THE VERGE OF HAVING THE BEST CHRISTMAS AND NEW YEAR OF OUR LIFETIME. [post 2 of 2]
11-29-2012 Intel Guru Bluwolf IN THE CASE OF KUWAIT IT RV FIRST AT 3 + AND THEN JUMPED TO IN OR AROUND THE 7 + RANGE IN JUST 6 HOURS AND THAT MADE THE U.S. AND ALL INVOLVE BILLIONAIRES. IN IRAQS CASE DUE TO THE ECONOMICAL DEMANDS OF THE MINUTE IT SHOULD APPEAR WAY INTO THE DOUBLE DIGITS PLACING ANOTHER BAND AID TO THE U.S. ECONOMY. [post 1 of 2....stay tuned]
11-29-2012 Newshound/Intel Guru BGG Article: "Parliamentary Finance: the next budget will be free of zeros" If this is true...once the budget is made public, it won’t take a math wiz to figure out what the number is going to be. HANG ON!!
11-29-2012 Newshound Guru Adam Montana [With all the corruption, mismanagement of funds, border entry problems, unemployment of people, non-agreeing parties of the different sects, and the overall disagreement between President Talabani and the Prime Minister Maliki on the HCL implementation, do you really think that the country of Iraq is indeed set up for and ready for the RV to happen now?] Yes I do. Corruption is not unique to Iraq, and corruption does not PREVENT profits from being made or successes occurring. Maliki and Talabani may have a disagreement, but like every other disagreement - there is room for compromise. This is simply part of the PROCESS that we are part of - disagree, argue, delay, compromise, move forward. obviously we don't like the first 4 parts of that process, but nonetheless - the 5th part gets done and eventually we will get to the finish line depsite the delays, corruption, and disagreements. And at the end of the day as long as our runner gets across that finish line, who really cares how many times he tripped on the way there?
11-29-2012 Newshound/Intel Guru BGG [Will the VND go before the IQD? ] Anything is possible, but, IMO, I believe it's a little less than 50/50 chance that it will, all is predicated on the timing of the IQD. We will probably have an RV before they get out of Chapter 7. I do not see this going deep into 2013. IMO, I think the rate will start in the low $3 & then go up in the $4 range in the first year. It's possible it will start at $1, but I personally don't see that. I think they will start it where they need it & go up from there. I am more sold on this IQD investment than I ever have been, this is a very good investment.
11-29-2012 Newshound Guru Adam Montana Regarding the "Certificate of Authenticity" - that's a fallacy most likely pushed by Dinar Dealers, which is no different than the "savings" card you get at your local grocery store. If your dinars are authentic, then they will be traded with or without a Certificate of Authenticity or Sales receipt. If you take Euros or Dollars to the bank, they don't ask for a receipt or Certificate - they verify that they are not counterfeit and they make the transaction. End of story. [Dinar Guru members received black light photos and DYI black light fake dinar tests 2 weeks ago...Not a member? Get signed up in the blue box above!]
11-29-2012 Newshound Guru Tlar I think we will see an RV sometime Jan - March but keep in mind, all of have made mistakes in trying to figure this out as to when it will happen. My opinion is based on...articles...and could change with the next series of articles presented.
11-28-2012 Newshound Guru Kaperoni in order for them to "delete the zeros" the dinar should be 1 to $1 or greater. IMO, the float will begin soon which will begin the process of raising the value of the dinar. If they are going to start 2014 using the dinar on the investment side of the budget, this gives them ample time to float it up until that day. Just a reminder that both the WB and IMF expect Iraq to be a Donor state in 2014. Hard to see that if they don't start now making economic changes.
11-28-2012 Intel Guru Bluwolf Please remember that whatever time it may take, be it the dong or the dinar you will be blessed fully. Imo, once your government gets squared off on the taxation and it becomes official then and only then will you see these rv's...Hold the faith folks for the date is near.
11-28-2012 Newshound Guru Adam Montana Although it's easy to point at the HCL and Chapter 7 as the "reason" the RV is delayed, there are obviously smaller parts of the situation that have to be taken into consideration. In fact, Chapter 7 and the HCL and other things DEPEND on those "smaller" matters. It's never been a question of "Why isn't it done yet?", it's always been a question of "What remains to be done?" and at this time, the answer to that last question is "Very little!" don't fret over the "time" this is taking - it's a process, and steps have to be taken. Iraq is going in the RIGHT direction to raise the value of their currency, not the opposite.
11-28-2012 Newshound Guru Fresh Article quote: "central bank adviser said the Iraqi appearance of Mohammed Saleh, said that the bank is serious implementation of the project to delete three zeros from the national currency in the near future." they are now saying in the near future instead of sooooooon or in the coming days...not saying this week or next week - but they are stepping up the "lingo"...could come together right when CH 7 is official, etc.
11-28-2012 Newshound Guru LoriC The latest reports are that the 2013 budget will include the removal of the zeros and the introduction of the new currency. January 2013 is looking more likely as a possible target date for a revaluation.
11-28-2012 Intel Guru Footforward Iraq has done everything that they need to do. This is not about Iraq. The entire world is basically at at financial stand still waiting for this to happen. When will it happen? It should have happened last year. I am sick of saying this will go any time as much as you are sick of hearing it. Who is holding this up right now? Bigger financial interests that control the entire financial system that we currently have is holding it up. It is about control right now. As soon as the control is gone, we will have our RV. It's much bigger than Iraq. This can go anytime as soon as this is done. We need this and the world needs this. Still waiting for this to happen before the New Year. It can go anytime.
11-28-2012 Newshound Guru Adam Montana The date December 2 - I'm not going to commit to that date, but like I said... I feel like someone's about to shout BINGO, and a lot of others feel that way too. This thing has been going on for a LONG time, and they have made great progress...so before year end, shortly after the new year, or just "SOON" in general - I feel good about that. [post 2 of 2]
11-28-2012 Newshound Guru Adam Montana There is no specific "date" that I can nail down, but I have to say....things are looking very interesting. And I mean that in a good way. I am constantly in touch with people (bankers, politicians, investors, etc) that are HEAVY hitters, and some of them are very involved in the Dinar…while I don't have anything concrete to share, I'm starting to feel a vibe... have you ever played Bingo? You know how when the ball pops up on the screen, and suddenly you hear a "buzzing" from one of the tables across the room? And you know they got BINGO... that's kind of what this feels like right now. [post 1 of 2....stay tuned]
11-28-2012 Newshound Guru Mailman17 again, we bring back the 250 and 1000...somethings up and we know it, but like always we will do what we do best, we will wait. med and i are very encouraged by the news and articles, its crunch time. un meeting with kuwait to finalize 7 this month is also on the table and that is what hangs in front of iraq. whether its with maliki or without...they have enough to hang him, a no vote but...this very well could be lets make a deal time. either way we think the chances of this popping before the 1st of the year is great. [post 2 of 2]
11-28-2012 Newshound Guru Mailman17 if [Bondlady] and her newshounds saw something in respect to the gazette, i believe her...if it wasnt there when med and the rest of us looked...thats also correct, cant see whats not there anymore. they pulled it and fast like the missing e and g articles in the budget. they listed everything but those 2. why? what was in those 2? they are in a big hurry to get things wrapped up. [post 1 of 2....stay tuned]
11-28-2012 Intel Guru Hammerman Sources are saying the VND is in play. It has been showing up in different places worldwide. As of yesterday it was on Bloomberg. It was showing at about $.05 for about 10 hours yesterday, but we can't cash out as of yet. There is definite movement on the VND. China wants it to go, the whole world wants it to go. The world is tired of waiting on the IQD. If they get their way, the VND will set off the global reset. [post 2 of 2]
11-28-2012 Intel Guru Hammerman I was cut off from a call out of Kuwait and was also cut off from a 4 way conference call talking about the IQD. I am being deeply monitored & it's hard to get information. Info coming out of the U.S. is very hard to get, contacts can't share news right now. UST people are quiet. I think everything is done in Iraq, everything is scripted. You can't believe articles coming out right now, there is no truth to them. Also, the CBI site is not the real official site. It is based out of Houston, Texas & is set up by the U.S. government, we do not have access to the real site. Until it revalues, I don't expect any info on the IQD. I'm pretty certain we will not see an RV until February, March or April. One source is saying mid to late February. Until the Bush tax cuts go away, we will not see the RV. [post 1 of 2....stay tuned]
11-28-2012 Newshound Guru Doc The good news is that a vote of no confidence is being discussed once again so Maliki has not won the war yet. Also Maliki is being drilled for his arms deal which is positive. What is unfolding is that struggle between those that want economic freedom and those that want to continue with the old ways of Sadam. We continue to believe in the end it will happen mainly due to international pressure and support for the "good" guys. In the short term however, the GOI remains unstable and the HCl debate continues. Do not expect release from chapter 7 until the "good" verse "evil" struggle is resolved. It is a lever the international community will use to pressure Maliki. We simply see this as taking time to completely play out. We report, you decide. [post 3 of 3]
11-28-2012 Newshound Guru Doc We speculated in the past as to why Maliki is doing what he is doing. First we have to remember this is not about us and have to think like their culture. These countries have had dictators for thousands of years. Even Iran and Egypt with say they are a democracy are controlled very much like a dictatorship. It should not surprise anyone that Maliki is attempting to do the same. History also tells us dictators control the masses by fear and keeping the people "poor" or dependent on the government (sounds like the path the USA is on). With an RV Iraq would have economic freedom of the masses which would obviously oppose Maliki's goals of total control. This is why we believe we are a ways away from the RV. [post 2 of 3....stay tuned]
11-28-2012 Newshound Guru Doc We have been asked by several to elaborate on why we believe the RV will not occur in the near term (end of year). Yes, we were in the camp it had a good shot at happening up until recently. Unfortunately Maliki appears to be winning the power game right now. We had hoped he would be removed so reform could move forward. Maliki is on record as stating last spring he was in favor of a weak dinar. Also Allawi has indicated it is Maliki blocking all reform. Now with Maliki winning the power struggle with the CBI it is naive to believe he will not do as he has said in the past which is to block reform and maintain a weak dinar. [post 1 of 3....stay tuned]
11-27-2012 Intel Guru Blaino THE VND HAS BEEN SITTING AT 2.08 TO THE USD OFF AND ON ALL DAY TODAY AND YESTERDAY. THAT MEANS THAT LAST WEEK YOU GOT 20,755 VND TO ONE USD. NOW YOU GET 2.08516 VND TO ONE USD OR ABOUT 48 CENTS AND CHANGE FOR EACH VND. WAY BETTER THAN IQD FOR INCREASE IN VALUE!!! [the end has come in the form of post 2 of 2....wow, that was fun!!]
11-27-2012 Intel Guru Blaino TOMORROW MAY BE THE FULCRUM UPON WHICH OUR FUTURE TURNS. I AM WITH MUCH KNOWLEDGE...THIS IS THE SUM OF THAT WHICH CAN BE SHARED: THOSE WHO KNOW, SAY THAT WE ARE INDEED UPON THE BRINK IN MANY WAYS, THE FOLLOWER MAY BECOME THE LEADER, THE VALUE OF THE FOLLOWER, ONCE BECOME THE LEADER IS TEN FOLD THE EXPECTED, AND OPENS THE GAME! THE LEADER IF CONVERTED TO THE FOLLOWER WILL BE RESTORED TO FORMER POSITION AND BE INCREASED IN A SMALL WAY FOR THE TIME SPENT CHAINED. THINK ON THIS AND THE UNMENTIONABLE TRUTH WILL BE REVEALED TO YOU. YOU ARE CLOSER THAN YOU MAY KNOW TO THE PINNACLE OF THE PROMISE. CONSIDER ALL OF THIS IN SILENCE AND GATHER YOUR STRENGTH, SUCH AS YOU CONCEIVE IT TO BE, FOCUS THAT UPON THE GOAL AND ACCEPT WHAT COMES YOUR WAY, EVEN NOW. I THINK WE WILL SEE IT VERY SOON, NOT AFTER THE 1ST OF JANUARY! [Think upon this post 1 and more will be revealed to you in post 2]
11-27-2012 Newshound/Intel Guru BGG There can be an RV without Chapter 7 being released. Chapter 7 will not be released without an RV. For them to get out of Chapter 7, they have to have an RV. From our group of sources, we see there are several key factors to look at: 1. talk about or possibly a National Meeting. 2. talk about the term limits law 3. talk about Maliki resigning. [post 2 of 2]
11-27-2012 Newshound/Intel Guru BGG The parts of Chapter 7 that are pertinent to us in this investment are already satisfied, the financial parts. The main reason that the U.N. is not letting Iraq out of Chapter 7 is because they are going to leave the "use of force" clause in there until Maliki is dealt with, period. Iraq, Maliki in particular, has danced a jig to get out of Chapter 7 because they want to overrun the Kurds, snatch up the oil rich territories without the interference of the U.N. and the U. S. and that is obviously not going to happen. [post 1 of 2....stay tuned]
11-27-2012 Newshound Guru Mailman17 now that Maliki is right where he should have been years ago especially with his kid in the mix and the NA now talking with a very pissed of Kurdistan region and as Med said as well Talabani is livid, we just might see Maliki’s demise. you gotta remember this is a global realignment a major move, big money in all aspects...we have always said this has to be done on their schedule...not ours. I think we stand pretty damn good for this to come by Jan 1. They have a little over a month to get r done then we cash in. [post 2 of 2]
11-27-2012 Newshound Guru Mailman17 Put enough bait out and it’s only a matter of time before the rat bites. Hey all, did I not say the no vote was not dead? Did I not say that they would let Maliki do what he must to hang himself giving time? Med touched upon a very important thing - the release of new notes and that is what I was waiting for and I agree wholeheartedly. Why the **** would you release just the 250 and 100 1000 and not apply a newer rate to coincide? The 250 and 1000 at 86 cents later alongside the smaller notes would more than accommodate an RV. [post 1 of 2....stay tuned]
11-27-2012 Newshound Guru Med 6 YRS THAT COULD HAVE BEEN BENEFICIAL TO IRAQ AND IT'S PEOPLE HAVE BEEN WASTED AND HUNDREDS OF MILLIONS OF DOLLARS AND BILLIONS. EVERY SINGLE MEMBER OF THE GOI AND EVERY SINGLE MEMBER OF PARLIAMENT SHOULD BE AUDITED BY AN INDEPENDENT GROUP CUZ OBVIOUSLY NO ONE IN IRAQ CAN BE TRUSTED. THEY HAVE STOLEN ASSETS FROM THE OIL REVENUES. IT WAS AND IS THE ONLY REVENUES THEY COULD HAVE TAPPED AND ALSO THE ONE THING THEY DO NOT WANT TO GIVE UP EVEN THOUGH IT IS MANDATED BY THE IMF. [post 4 of 4]
11-27-2012 Newshound Guru Med THEY ARE NOT ENTERING THE WTO IN 2013, SO WE CAN FORGET THAT. THEY WILL NOT EXIT CHAPTER VII WITH MALIKI AS PM. BAN KI MOON DOES NOT TRUST MALIKI NOT ONE BIT AND AS LONG AS HE DOESNT TRUST HIM AND WE AND THE UK DO NOT, HE IS NOT GETTING OUT OF CHAPTER VII. FROM THE SECOND HE STOLE THE ELECTION AND, I MEAN STOLE IT, IRAQ WAS DOOMED. [part 3 of 4....stay tuned]
11-27-2012 Newshound Guru Med MALIKI IS PM YES, BUT HE IS ONLY THERE BECAUSE THE NA LET HIM...THEY CAN REMOVE HIM WITHOUT A VOTE OF CONFIDENCE. THIS WAY THE ENTIRE GOVT WOULD NOT BE TURNED OVER. IT IS UP TO PARLIAMENT AND PARLIAMENT ALONE TO MAKE THE MOVES TO STOP WHAT IS GOING ON. RIGHT NOW MAJOR VIOLATIONS OF THE CONSTITUTION ARE TAKING PLACE AND PARLIAMENT NEEDS TO BRING MALIKI BEFORE THEM TO BE INTERROGATED. [part 2 of 4....stay tuned]
11-27-2012 Newshound Guru Med WHAT IS HAPPENING OR WAS HAPPENING IN IRAQ AND EGYPT IS GETTING A LOT OF ATTENTION. IN EGYPT THEY ARE CALLING IT THE RETURN OF THE PHAROAH AND IN IRAQ THE RETURN OF A DICTATOR. KURDISTAN IS NOT STANDING FOR IT AND IN FACT THE ARMOR THAT ONCE WAS THE NATIONAL ALLIANCE IS CHIPPING AWAY. SHARISTANI [OIL MINISTER ?], WHO WAS A BIG SUPPORTER OF MALIKI, IS NO LONGER IN HIS CORNER. HE SEES AN IRAQ THAT IS DOOMED TO FAILURE UNDER MALIKI. [part 1 of 4....stay tuned]
11-27-2012 Intel Guru BWM it's all a stage over there IMO... I mean if it's their currency, their decision and Maliki has all this power, why wouldn't he have pulled the trigger and look like a hero to the ppl... seriously, think about it.
11-27-2012 Intel Guru Frank26 Iraqia TV is telling the citizens that their country is about to EXPLODE FINANCIALLY and that OIL is not their only major resource to make this happen. Iraqia TV told the citizens that the Bank of America is saying that Iraq's economy will be number one in the Middle East...Strong and explode financially in 2013...what in the world does the BOA have anything to do with the economic success of Iraq...what business is it of theirs? Why risk giving such information about a...SCAM. Our Team on banks sees the IMF preparing world banks for Iraq. How did we start this investment Family? With Bank Of America. Only logical to end the same way...In order to come full circle. [post 4 of 4]
11-27-2012 Intel Guru Frank26 The budget numbers back up our logic as the 5 year plan demanded that Shabibi and the CBI introduce a functioning exchange rate within these 5 years. If we see the IMF extend their loan contracts then we have a different story. We do not see that. As I told you last week...they were done with the second reading...they will tell you the third reading is done in the first week of December. Then they should announce by the 15th of December that the budget is finalized. As we told you...we strongly suggest that you will be MASKED from any information until around the 20th of January. [post 3 of 4....stay tuned]
11-27-2012 Intel Guru Frank26 A few weeks ago they showed us 138 trillion that was needed for the 2013 budget. Tonight DELTA showed you 138 billion and carefully explained to you that the symbols of IQD and USD are purposely being thrown around...the budget is complying fully to Shabibi's desire of lifting the 000's from the exchange rate so it can be applied to the 2013 budget. Models were run this year to assure its success in the form of...2 sets of books. Shabibi himself admitted that he was doing this back in June. Shabibi wanted a 1:1 ratio. He's going to get it. [post 2 of 4....stay tuned]
11-27-2012 Intel Guru Frank26 For the last few months Maliki has been hard to recognize let alone understand. The whole world was in shock watching this metamorphosis right before our eyes. The powers to be IMO...communicated with all the key players and told them to just ignore Maliki...IMO, Maliki tried childishly to take control of the CBI with lies, the army with stolen money and the GOI with fear. But he is running out of time. The roof is about to fall in on Maliki IMO...we are so close and Maliki is about to shed his skin once again. Watch him become Mr. Nice Guy and get along with everyone as the 2013 budget becomes a reality in 2013. [post 1 of 4....stay tuned]
11-27-2012 Newshound Guru Mike Article "Sadrists: ready to oust al-Maliki after pleading guilty to corruption of the arms deal" [Most interesting Government article of the day]. There was a lot of dealings with this Russia deal, Maliki wanted arms, looks like he was willing to do anything they wanted him to do for them and got caught…And it looks like he has gotten himself in a world of hurt because they are ready, they are ready to move forward, and they are ready to either bring him in and question him on this matter, or they want to do a vote of no-confidence. The boiling pot is moving… it is getting hotter and hotter for him and this was ANOTHER BAD DAY FOR HIM!
11-27-2012 Newshound Guru Kaperoni [Kap, doesn't this mean that they are just going to replace the damaged currency with no increase in value?] this appears to be simply a bandaid to buy time (replace worn notes only). But also, you must consider that the float needs to start soon...otherwise everything Iraq has worked for agriculture, manufacturing, ISX, etc. is at a risk. Not to mention unemployment, poverty remains very high. And lifting subsidies, on oil, and food etc. wont help that any. So I expect something more than just a "replacement". [post 2 of 2]
11-27-2012 Newshound Guru Kaperoni Article: "Old Currencies to Be Replaced with New Ones, Say Iraqi Central Bank Iraq" [Is this an old article that has been recycled? Obviously early November is long gone.] I dont think it is recycled...it's just that they have put out at least 3 articles the last 2 months saying "first week in November" and nothing has happened. Maybe there is a "trigger" they are waiting on such as the budget, or economic laws or even the GOI to agree. No way to tell. I just wish they would hurry it up. [post 1 of 2....stay tuned]
Read more: http://www.dinarguru.com/index.html#ixzz2E0DH0rTE
11-26-2012 Intel Guru Footforward i still believe it can go any time. anything that has to happen is being taken care of behind the scenes. we arent waiting for anything in iraq...i can tell you that...its not about iraq. we have a couple of pieces that need to fall into place but that can be done in a second. what i have been getting has been positive. [what about not until the new year?] i dont think it will be that long. im hesitatnt to say any specific date, but again...something has to give here... im not trying to dance around it...it just should be done already... i wake up every day expecting to see something happen. [post 2 of 2]
11-26-2012 Intel Guru Footforward the whole financial system seems to basically be at a stand still. i dont believe that can carry on forever. im not sure by the first, but something has to give here at some point...watch for something to come out tomorrow saying that they agreed on the frame work but have yet to work out the "details". i have reason to believe that hilary would not step down until this was done...something a little birdy told me a long time ago...its coming up soon...thats my point. [post 1 of 2....stay tuned]
11-26-2012 Newshound/Intel Guru BGG This has everything to do with Iraq. Maliki is in deep trouble. If it boils down to a no confidence vote I think it will be a landslide. I said to expect to see a lot of big developments and that's what we are seeing, a lot of meetings. I like the way the news is turning out. I was excited when I first got into this investment, but I am more convinced about this investment now then I have ever been at any time. Do I think we will be waiting on this well into next year? There is always that slim possibility, but I don't see it. There are some critical benchmarks coming at the first of the year. Anything could change and could tip in our favor very quickly. We are in a winning position. Do I think there is some pre-written plan or some powers-that-be that decide this thing. Absolutely not. That's why we keep an eye on the politics of this situation.
11-26-2012 Newshound Guru Mountainman This Thursday the UNSC will be receiving a briefing on UNAMI and the progress Iraq has made regarding their possible release from Chapter VII. They will have a very strong case for removal and it would appear have international support at this point. SRSG Kobler has been in Iraq's corner, at least publicly, which is a good sign.
11-26-2012 Intel/Newshound Guru Poppy3 A source said they are anticipating a change in the dong prior to the first of the year. I would love to see this go ahead of the dinar, but their Minister of Finance wants to hold out until the IQD goes so they would RV at a higher currency. Also, two different sources notified me that Ban Ki Moon (head of UN) and the President of Kuwait will meet mid December to sign their portion of the release of Chapter 7. If that is true then the RV has to be done prior to that.
11-26-2012 Intel Guru TerryK HEARD THE DONG WAS ALL OVER THE CHARTS THIS WEEKEND. IM STILL WAITING ON A CALL. HEARING TUESDAY A LOT OF THINGS GOING ON IS THE WORD SO WE HAVE TO KEEP OUR EYES ON THE CURRENCIES. HEARING WE MAY SEE SOMETHING TOMORROW NIGHT KEEP YOUR FINGERS CROSSED AND YOUR BAGS PACKED. ITS ALL UP TO THE CHINA BOYS THERE WAS A BIG MEETING THIS WEEKEND BUT DONT HAVE THE DETAILS.
11-26-2012 Newshound Guru LoriC Merrill Lynch said that Iraq is the fastest growing economy in the world and that this will continue into next year. Iraq's GDP is increasing at an incredible rate their growth percentage beat out China. How much longer can the world's fastest growing economy remain with a worthless, undervalued currency with an artificial, imposed rate?
11-26-2012 Newshound Guru Kaperoni they cannot achieve the economic success just leaving the dinar at 1166 to $1. Remember all that is on the table pushing the rate up. The ISX, investment in agriculture and manufacturing, the "investment side" of the budget, tariffs, oil and gas subsidies, ration subsidies, etc..on and on. Though Maliki may want to "just replace" with no change, I do not see how that could succeed. How they could achieve the goals to be a "donor" state at the World Bank within a few years? how they could succeed in the 2013-2017 economic plan? So hang in there, IMO the float is coming.
11-26-2012 Newshound Guru Mike We’re keeping an eye on things, the World Bank has come in to check things out, and the IMF is there checking things out… They’re trying to keep their corruption under wraps so that it doesn’t point back, but there’s a lot of people looking at it… There are going to be a lot of people that are gonna fall in this investigation, and Dr. Shabibi will come back when most of these people are gone…All good stuff!
11-26-2012 Newshound Guru Adam Montana Regarding my opinion of the current situation - that hasn't changed...There is always the chance that it could happen today, tomorrow, next week, or never. That's just a fact we live with as investors.
11-26-2012 Newshound/Intel Guru BGG Article quote: "Barzani pointed out that the issue of withdrawal of confidence from al-Maliki was not his proposal, but all parties that participated in our meetings saw that it is a desired option at that stage and I did not mind." This isn’t rehash. There are too many current references here – so I would assume they have recently agreed the No Confidence vote is their best immediate option.
11-26-2012 Intel Guru BWM expect the VND and IQD to appear internationally at the same time... "could" that change? I don't think it would benefit us... while the whole "double dip" theory comes to everyone's mind the real issue is China is the real backup to Vietnam's economy... so in order to truly realize the benefits of their currency suddenly becoming relevant, vietnam needs more things to back up the VND (gold is being brought in quickly from citizens) and the IQD provides much of that in the form of currency reserves...has Vietnam been given authority to revalue it's currency...YES...
11-26-2012 Newshound Guru Bondlady hcl is being worked on, its no easy task when your dealing with a country whos lust for greed and power drives them their so afraid someone else is going to get a cent more than the other...the last part of the hcl, the thorny part, is the profit sharing, who gets what ..where...and how much. thats the point of contention they must do to appease all of them, thats what their working on, the rest is already in place.
11-26-2012 Newshound Guru Kaperoni This is the first confirmation we have heard of two plans...The original plan with Shabibi to which was IMO, the .86 "staging rate" and more recently the float. To a new plan apparently as stated..."central bank about the currency exchange current damaged to another through a new contract with a foreign company to do so" which appears to be just a simple replacement of currency. This also implies no significant change in value which would support Maliki's "weak dinar" policy. That being said, a simple change in currency does them no good economically either. But we will have to see when it happens. The good news is the people and the banks know something is going to happen soon.
11-25-2012 Intel Guru BWM I don't want to sound negative to the point of saying there isn't still efforts being made... don't sell out on this year.. there is a lot to gain from the RV occurring this year...1) taxes (for us at least) 2) financial/fiscal cliff concerns 3) concerns for global economic issues still continuing to recycle (spain, greece, etc.)
11-25-2012 Newshound Guru Doc So where do we stand? Our opinion is end of year is very low probability now. This is based on past performance. With the shake up of the CBI and the other issues not completed it seems unlikely resolution in next 6 weeks. We continue to believe this will occur but a time line is purely speculative by all. We know we sound like a broken record but until these key issues are resolved we don't see the RV occurring. We report, you decide.
11-25-2012 Newshound Guru Bondlady malikis popularity with the people has increased now, it was 77% now its 85%...m tellin you if they don't pass the PM law limiting the terms he will run again and win and it'll be a majority government this time a chance for him to truly excel in rebuilding iraq and passing much needed laws...what should have happened this term but the stupid power sharing doomed it to fail and keep them constantly fighting...a pm [Prime Minister] has to be able to choose their own gov, if they can't you saw what this term did, absolutely nothing or very little, so busy fighting over power they won't see the peoples needs just like the infrastructure law which would do so much for the people and give over 1 million jobs.
11-25-2012 Intel Guru Hammerman There is still a chance we will see this month, before the 1st, but I will be shocked if we do. I think we are into mid to late February. Still hearing wonderful things. I believe that everything in the Middle East is done & has been done. I am happy where we are. The RV will happen without a doubt.
11-25-2012 Newshound Guru Adam Montana We have been seeing reports of Biden talking to Maliki pretty consistently for quite some time now, well over 6 months... this is not a new thing. It's important to "check" that fact by comparing it to the other things Biden does - he also meets with diplomats that have nothing to do with Iraq. So the question is: "Are Biden's meetings with Maliki significant?" I can't say that they are, but we definitely want him to be meeting rather than NOT meeting Maliki.
11-25-2012 Newshound Guru Mike But again, they talk about increasing the value and making sure that they’re starting to move the poverty forward… All these things are inadvertently talking about increasing the value and that they need to move forward with that particular project. So, they’re keeping their eye on it making sure that it’s ready to go and ready to move forward...putting the pressures that they can put on… All good stuff for us, we like to see this happening… They’re keeping an eye on things so it doesn’t get out of control over there on the Central Bank side. [post 2 of 2]
11-25-2012 Newshound Guru Mike Article: "Suhail looking with a representative of the International Monetary Fund (IMF) the actions taken in the case of the Central Bank" Woo Hoo! Remember the IMF is going to guarantee the funds and the money…So they are out there to see what’s going on, they are there in an advisory role, but they are definitely checking to make sure that things are moving forward. You got the World Bank, you got the IMF in there and they’re all kind-a doing their jobs, but they’re in there kind-a keeping an eye on things to make sure those reserves are there… And in my research they’re still publishing there reserves somewhere between 65 and 70 Million Dollars to the world, so nothing has gone on with those funds, so they’re pretty happy that those are there. [post 1 of 2....stay tuned]
11-25-2012 Newshound Guru Doc The old arguments that the RV rate is in the new budget are surfacing once again. We will address this one more time. Iraq budgets based on oil production (barrels/day). Oil is paid in USD NOT DINAR. Iraq receives USD for its oil. The budget converts this revenue to dinar by using the program rate which is 1160. Allocations amongst the various government agencies is then made from this converted USD to dinar pool. The budget is simply a reconciliation of revenue and expenses. Now do they have an off the books budget based on the RV rate ready to go? Most likely but we are not privy to it.
11-25-2012 Newshound Guru Kaperoni It does not matter who is in charge of the CBI...any substantial currency changes (RV, float or whatever) would require the coordination of many agencies or departments in Iraq. ie..security, engineering, advertising. Therefore, the CBI has to coordinate efforts for this to go forward. And as long as Maliki has this "weak dinar" policy, it is a problem. The question has become, will the IMF, World Bank be able to exert enough pressure on him to make a monetary change? We all know the current conditions of the dinar, and we know the circumstances pertaining to the free market economy. And we know the CBI is ready, what will it take to make the GOI ready?
11-25-2012 Newshound Guru Bondlady i've basically gotten into their heads and its a crappy place to be but i had to do it to be able to understand the mind set of this culture of people. so they will fight this crap out, its what they do its how they settle their issues it does cost bloodshed all the time its what they do they thrive on bartering and crisis its how they settle things and they eventually will but on iraqs sundial not your timex. [post 2 of 2]
11-25-2012 Newshound Guru Bondlady they fight to solve their problems, its the middle eastern way and if you want to understand iraq and iraqi culture and iraq politics then you have to get out of your western thinking to do it otherwise you will never understand and the opinions which you form won't be right because your looking out of the eyes of a whole separate culture...when you read iraq news if your reading it as you would american newspapers then your gonna be wrong on your interpretation of them. i have through my work skills as a profiler learned and studied each of the major players in iraq politics, thats how i know whats right from wrong and what they mean and say. [post 1 of 2....stay tuned]
11-24-2012 Intel Guru TerryK ALL IS GOOD IN THE DINAR WORLD...NEWS POINTING TO THIS BLESSING TO BE CONCLUDED MONDAY...I DO HAVE A PIC OF A RATE ON FOREX LOCKED IN FOR THE IQD AND VDN THIS WAS TAKEN THURSDAY...HAVE A CALL COMING LATE TONIGHT FROM CHINA SOURCE... IT [VND ?] WAS .047 ALMOST 5 CENTS...MAYBE THE RV SHOWING MONDAY.
11-24-2012 Newshound Guru Doc We maintain our position that these are the keys for currency reform. If the CBI were to float the currency on the global exchanges at the reported $3+ rates it knows the rate would plummet rapidly due to macro issues. This is compound by reports the USA will be energy independent by 2016. This is why we also maintain our position we will see and initial rate below $1 with a rise to $1 over a reasonable time. [post 2 of 2]
11-24-2012 Newshound Guru Doc What we are hearing from the high rate short term opinions is more emotion than fact especially when you look at this situation from a macro economic perspective. And believe us this is the way the global economic community is looking at it. First and foremost fiat currency needs a functioning stable government in order to maintain its value. Secondly it needs some level of GDP to back it. Right now the GOI is not completely stable and in our opinion this is why chapter 7 has not been fully lifted. Also HCl has not been finalized which is the main revenue source right now. [post 1 of 2....stay tuned]
11-24-2012 Newshound/Intel Guru BGG Article: "Release of 16 female employee of the Central Bank on charges of currency auction sale" Hmmmmm…so they are all being released for lack of a crime or lack of evidence of a crime. It appears we’re down to just a couple of the CBI bosses now. What you wanna’ bet there never was any evidence or crime??
11-24-2012 Newshound Guru Med I CANNOT FIND ANYWHERE IN THE GAZETTE WHERE THE AMENDMENT TO THE INVESTMENT LAW TOOK PLACE OR WAS VOTED ON THE 18TH....OR EVEN THE 19TH...I WENT THROUGH SEVERAL HUNDRED ARTICLES THAT WERE POSTED IN THE GAZETTE
11-24-2012 Newshound Guru Adam Montana The worst case scenario in my opinion is that the old currency is assigned a lower value and the new currency is given priority, with the intention of removing the old currency permanently and immediately... but that does NOT mean there is no other way to move forward.
11-24-2012 Newshound Guru Med THE MOVE TO A FREE MARKET ECONOMY CALLS FOR THE GOI TO GIVE UP CONTROL OF ALL MAJOR REVENUE PRODUCING COMPANIES. THEY CAN ONLY OWN 49% OF THE OIL, THE NATURAL GAS AND ANY OTHER MAJOR REVENUE PRODUCING INDUSTRY. THIS OBVIOUSLY IS NOT ACCEPTABLE TO MALIKI. WHY? CUZ ALL THE OIL REVENUES PRODUCE THE FUNDS FOR THE GOI TO CONTINUE ITS EXTRAVAGANT WAYS. [post 2 of 2]
11-24-2012 Newshound Guru Med ONE MAJOR THING WE ARE LOOKING TO GET INLINE IS THE MOVE TO A FREE MARKET ECONOMY. IT IS LITERALLY IMPOSSIBLE TO ENTER A FREE MARKET ECONOMY WITH NO INTERNATIONALLY TRADEABLE CURRENCY AND IT WAS OBVIOUS THAT AS LONG AS THERE WAS SO MUCH CORRUPTION IN THE GOI THEY HAD NO INTEREST IN MOVING TO A TRADEABLE CURRENCY OR THE FREE MARKET. [post 1 of 2....stay tuned]
11-24-2012 Newshound Guru Tlar Talabini would be foolish to call for a vote of no confidence. He's as dirty as the rest of them. They will never call on Maliki to account for his governments corruption because Maliki could call for there arrest on the same charge. It looks as though the elections coming up are the only hope that this government will ever be able to get past this. Even though the elections will be rigged because Maliki gives the election committee its marching orders, at least there will be a definitive leader next time, Maliki. Thats probably better than where we are today as far as the government is concerned.
11-24-2012 Newshound Guru Mike "World Bank advisers: political commitment to succeed social safety nets" The World Banks been in there, the IMF’s been there [International Monetary Fund]… What they were basically there for was to make sure the people were going to get treated respectfully and that the social programs are there for them… So they came out and said this needed to get done.
11-24-2012 Newshound Guru Doc There is...much to-do in cyber land about the "raising the value in the coming days" quotes. This to has been misinterpreted by many. This is not a reference to the RV but short term strategies to get the dinar back to the program rate of 1160. Remember with the Iraq and Syria issues. USD was leaving Iraq quickly for these countries. At one point the street value for USD got to 1400. Several articles suggested the citizens were not happy and demanded action by the GOI and CBI. We continue to caution all to view an article from the proper perspective in which it is addressing. As with the currency it is either the short term issue of maintaining program rate or the longer term issue of currency reform.
11-24-2012 Intel Guru Winalot i had a long conversation with a bank currency trader...a different bank that i have never talked to before...the guy was the person that sets the rates for currency at the bank...here is what he said about vnd...his screens show nothing like what we are seeing...he is not seeing the rates we are...he had absolutely no explanation for it. I took him to 6 different sites, let him use my log in, and he was flabbergasted. literally speachless...he is going to do some checking around, he has my number, and will call me if he finds out what is up. He also said that if it were a "glitch" that it would have been corrected by now. **** 11-23-2012 SPECIAL Dinar Guru Update **** Newshound Guru Bondlady and her team just announced the banking and investment laws have been passed and are official...(Guru Med is claiming this is NOT the case?? Although there is come conflict on dates)..the is beyond HUGE news! We're waiting for other gurus to confirm this and chime in. If this is official it opens the door to Ch7 release, WTO membership, and large international investment! Newshound Guru Bondlady says these laws are listed in the official Gazette!! These laws outline investment responsibility for banking, business and investment...including penalties (one compliance penalty is 1000 dinars a day... 70 cents doesn't sound too discouraging to me--hmmm unless there is a rate change!) Stay tuned as the other gurus chime in on this all important subject! This is super Thanksgiving Day news! :) --Blanche
Read more: http://www.dinarguru.com/index.html#ixzz2DLGBtqxs
11-23-2012 Newshound Guru Adam Montana So here's the latest - no HCL, but serious talks this month about it... I really think they are making progress, and we should see an end to this soon. There is no resolution on the Shabibi situation, but most everyone agrees that we are better off with him out of the way, at least temporarily. Chapter 7 is a "rubber stamp" away from being
completely lifted. Maliki is still holding the reins, and it sure looks like he has his sights set on improving the situation, which could easily translate to gains for Dinar Speculators. All in all - good news all around, if you ask me!
11-23 -2012 Newshound Guru Mike "Central Bank Investigations Reveal "Levy" Parties Monthly Gains!!" As you can see, the corruption is tied to a lot of people...many hands are in the pot and many of these hands lead back to Maliki’s party…ambassadors and politicians have been put in these positions and you can understand why Nijaifi does not want to have these names out there because it affects a lot of people…the Central Bank was doing what they were doing, and the people on the outside were causing most of the problems of what was going on… So really keep your eye on this… This is really going to get a lot of people into Maliki’s party and it’s really going to get into his chances for re-election...Things are moving along…Things are moving good… I’m likin’ it so far.
11-23-2012 Intel Guru Okie_Oil_Man Well---as i understand it there are to be a very important meeting today that may have a degree of influence on our position as investor's. If there are a positive outcome of that meeting we should all hear about it very soon....eventually--our day is coming.
11-23-2012 Intel Guru Delta I'M GETTING SO MANY PMS ASKING ABOUT MY PREDICTION, AND SOME OF YOU ARE TELLING ME THAT THE OTHERS ARE SAYING THAT I SAID IT WILL RV BEFORE DEC 2ND. I NEVER SAID THAT, WHAT I SAID WAS MY PREDICTION IS THAT THE IQD WILL RV BEFORE 2......? MEANING BEFORE 2/23/2013. WHY THIS DATE : 1. 5 YEARS PLAN FOR IRAQI MOP ( IF YOU READ IT YOU WILL SEE A LOT OF GOOD THINGS). 2. IMF SBA: The SBA had been scheduled to expire on July 23, 2012. The extension, which had been requested by the Iraqi authorities, will provide them with time to implement the policy measures needed to complete the combined third and fourth reviews under the SBA. The extension will, in particular, provide time for discussions on fiscal policies for the remainder of 2012 and on measures to improve the functioning of the exchange regime.
11-23-2012 Newshound Guru Med CURRENCY NEWS HOUND IS REPORTING THROUGH THE INTENSIVE EFFORTS OF BONDLADY AND HER CREW THAT PARLIAMENT ADOPTED NEW INVESTMENT LAWS AND THAT THIS WILL HELP THEM EXIT CHAPTER VII AND ALSO MAKE WAY FOR THEM TO ENTER, I THINK IT SAID, ALMOST IMMEDIATELY THE WTO. THEN IT STATES THAT THIS IS POSTED IN THE GAZETTE. FIRST OFF, DOESNT PARLIAMENT HAVE TO BE IN SESSION FOR THEM TO PASS ANY MAJOR INVESTMENT LAWS, IN FACT TO PASS ANY LAW. THEY HAVE RECESSED TILL WEDNESDAY NEXT WEEK...BECAUSE OF NO QUORUM. NEXT IT STATES IN THE GAZETTE, I HAVE GONE THROUGH 3 PAGES OF ARTICLES IN THE GAZETTE FROM THE 22ND OF NOVEMBER [this should be double checked, Bondlady said that this was published in the Gazette on the 18th]...NOTHING, NOTTA...NOT A WORD ABOUT MAJOR INVESTMENT LAWS. WHAT....WOULD PASSING ANY INVESTMENT LAW HAVE TO DO WITH REMOVAL OF CHAPTER VII.
11-23-2012 Intel Guru Footforward Shabibi was not part of the GOI and had nothing to do with the passing of laws. He has never been a problem. Maliki is not an issue, there isn't anything that Iraq has to do, they are moving forward like they want to get out of Chapter 7...they can't get out of Chapter 7 until they have an RV. You don't hear other countries screaming at Iraq to RV because they know it is out of Iraq's hands and has been for some time. I do like what I am hearing right now & where it is coming from. We should see something anytime now. [post 3 of 3]
11-23-2012 Intel Guru Footforward All information is really good in the last 48 hours. It's now at the stage that we literally need someone to show us the money. All information is what we want to hear, seeing things in banks, it's all progressing. I am looking for this right now. The laws that were published in the gazette have been dealt with and finalized as long ago as 2 years ago and now have been published and can take affect at any time. [post 2 of 3....stay tuned]
11-23-2012 Intel Guru Footforward There is information out there that the VND is showing up at over $2 on public sites. It's not going to happen. There is no way the Vietnam economy would be able to support that rate. Expect it to come in between $.05 and $.20 if it goes at the same time as the dinar, if it goes by itself, it can't even support $.05. There is a huge misinformation campaign to have people sell their dinar and buy dong. The dinar will be the big winner when all is said and done. [post 1 of 3....stay tuned]
11-23-2012 Newshound Guru Doc We are...well aware of all the positive articles on chapter 7 and HCl and 2013 budget and..etc. We would suggest to all to look at the history of the GOI delivering on what and when it says it will do something. Unfortunately they have little creditability along these lines. Do not misunderstand our comments here, we are encouraged that these things are in the forefront but we do not concur with the optimistic timelines as reported by others. Yes, we concur that if the GOI would enact these things the journey would be quickly over but we believe the snails place will continue for a while with the end of this year now a distant hope.
11-23-2012 Newshound Guru Adam Montana Last month alone there were FIVE major meetings, where MAJOR headway was made on drafting the new HCL law... that is MAJOR progress...but there is still some work to be done, and I am sad to say that I can't give you an exact date it will be done...but I am happy to say that I am confident it is going forward, and I also feel confident that the Hamas situation will be settled down by then, which means that the situation in Hamas should not be a major factor on our investment.
11-22-2012 Intel/Newshound Guru Poppy3 received two more calls about the dong from other sources... RUMOR RUMOR THIS CAME FROM TWO SEPARATE SOURCES THAT DON'T KNOW ONE ANOTHER OR I WOULD NOT POST IT. BOTH SAID SAME THING VERY HARD FOR ME TO BELIEVE BUT HERE IS WHAT THEY ARE SAYING. DONG IS LIVE TODAY IN EUROPE AND THE ONLY REASON WE ARE NOT SEEING IT IS OUR EXCHANGES ARE CLOSED FOR HOLIDAY BUT WE SHOULD SEE IT FRIDAY. OK HERE IS THE KICKER. AS I HAVE BEEN TOLD AND SHARED WITH ALL OF YOU THE RV OF THE DONG IF DONE WITH THE DINAR COULD BE AS HIGH AS A NICKLE WELL THESE GUYS ARE SAYING IT IS SHOWING AT 4.7 CENTS WHICH IS AWESOME IF TRUE. STAND BY, TIME WILL TELL. THE ASIAN SUMMIT JUST CLOSED AND WORD OUT OF ASIA HAS BEEN VERY QUIET FOR SEVERAL DAYS. POSSIBLE BUT MY FEELING SAYS NOT PROBABLE.
11-22-2012 Newshound Guru Bondlady This law i have waited to see for well over 2 yrs when shabibi 1st talked about it saying it had to be in place before any new money or rate adjustment could ever happen...this counterfitting law and money laundry law had to be done. iraq has to send a VERY clear STATEMENT and send a strong one to the world...this is the new Iraq and corruption in the banks and within the investments and the banks will not be tolerated and by passing this law its going to hold all the forgers counterfitters and money launders accountable...this had to be done before we could ever see a real change in the rates values, imo. [timmy: my final thought, remember that no wise person plays the game unless they know the rules. Iraq has laid out the rules for the world to see...let the games begin]... its very huge and anyone who didn't think this law was important is totally clueless imo.
11-22-2012 Newshound Guru Joey Article quotes: "Implementation with out delay'' "The 1st day of the next month" All they have to do is implement the Custom Tariffs Act and they will become members of the WTO. And what does this do? It shuts down the borders to Iran. [Hmmmm, sounds like Dec. 1st to me??]
11-22-2012 Newshound Guru Adam Montana The whole premise of an "RV"... the whole point of this "plan" - is that a revalue of the VALUE of the dinar will reintroduce the wealth that is currently "missing". To do this, they can introduce a new currency with a "nominal" value, phase out the old currency at a steady pace, but also keep the "nominal" value of the old currency until it is phased out. There is no rule or law that prevents them from doing this. And that's exactly what we are hoping they do.
11-22-2012 Newshound Guru Bondlady my sincere respect, admiration and gratitude goes to our timmy for all her diligence and her work she put in reading the new banking and investment laws she discovered passed on 11/18/12, i believe that was the date, and it was gazetted into law...no 1 has even realized or even has even a small clue on just how big and important these laws were to us and iraqs banking and investments...these laws are truly opening the door to go international with their currency and their country, they're preparing to come out of chapter 7 and become a major player in the world of huge big finance.
11-22-2012 Newshound Guru Doc Unfortunately the news in our opinion is less than stellar. First and foremost it is quite apparent Maliki has been scheming since day one to been in full control of every aspect of Iraq. This was amplified by Allawi in the London interview when he stated Maliki continues to block all reform efforts. He now has or will shortly have control of the CBI. You have to be very naive to believe anyone who replaces Shabibi will not be a Maliki puppet. We also believe Talibani is most likely his next target and will watch as this unfolds. And most probably in Maliki's near sights are the Kurds or shall we say control of the oil which basically controls finances. With this under his belt Maliki will pretty well control Iraq.
11-21-2012 Newshound/Intel Guru BGG Talabani, Barzani and Allawi are in Erbil now. Najafi is planning to go tomorrow. You are one amigo shy of the Erbil 5 & actually Sadr has been vocal of what he wants so there is no question of which way he will vote. So you basically have a reformation of the Erbil 5 from the Springtime, happening today & tomorrow. That is massively huge news. The central bank is ready, everything is ready, everybody is ready except for the political fat cats & they could be coming to a solution. The next few days the news will be wildly exciting. [post 2 of 2]
11-21-2012 Newshound/Intel Guru BGG From now until Monday the flood gates are fixing to open. There are 2 really big PR nightmares brewing for Maliki. 1. Maliki's own group is thinking about hosting [interrogating] him in Parliament regarding the ration card. Once you start messing with poor people's food, everybody hates you. 2. The Russian arms deal is crooked and is about to blow up in his face. Also, Iran is looking to move out of the Maliki era. They want nothing to do with him, the U. S. won't talk directly to him with the exception of VP Biden and that is in the form of threats. They are sick and tired of this. [post 1 of 2....stay tuned]
11-21-2012 Newshound Guru Mike Article: "MP vows to reveal corrupt file the central bank soon" There are certainly a lot of people that are going to be pulled down in this investigation of the C.B.I., and ...the number of people that were there and how they’re tied to the banks…And it does lead back to Maliki. You can see that they’re starting to come out and kind of get things together and moving forward with that investigation. It’s going to be a little bit slower, but... I really think it’s all linked to Maliki leaving, so we’ll keep our eye on it.
11-21-2012 Newshound Guru Adam Montana Now...the HCL - it seems that a lot of people think this "should be done by now" and "why is it taking so long". COME ON! We are talking about something equivalent to a Microsoft-Google merger. This is NOT a small matter! It's not something that can be outlined on a napkin and pushed through overnight...OF COURSE it is taking a long time!
11-21-2012 Newshound Guru Med I BELIEVE THAT MALIKI HAS PROBABLY MADE THE MISTAKE THAT WILL COST HIM THE PM AND POSSIBLY PRISON. HE COULD GET AWAY WITH SOME OF THE OTHER MP'S AND FIGURES BUT TALIBANI WAS TOO MUCH OF A ICON FOR MALIKI TO MESS WITH, ESPECIALLY SAYING HE HAD DEMENTIA AND OTHER ISSUES. THIS IS ***** THAT SADAAM PULLED, THEN AGAIN MALIKI WAS A STUDENT OF SADAAM. I PERSONALLY THINK THAT MALIKI'S REMOVAL IS BEST FOR IRAQ AND FOR US. IT MOST LIKELY WILL DIVERT A CIVIL WAR.
11-21-2012 Intel/Newshound Guru Poppy3 People are wanting to know more about the Vietnam Dong. Nationwide people are learning that there is a viable possibility of an RV of the VND. An article yesterday said that their GDP [Gross Domestic Product] and their volume of growth is more than double than anticipated so hopefully it will be a little bit higher RV than we anticipated. The status of it right now...I am expecting a call from contacts that deal with the international banking community and are on the ground over there right now.
11-21-2012 Newshound Guru Randy Koonce Get your eyes off of dates and just on when the GOI gets there National meeting to happen. If you expected to be wealthy without work involved then that will not be the case...if you expected it to happen overnight well that is not the case either...If you expect it to happen in Six months well that has not been the case either...so based on History of this event you cannot put a date on events to happen...Look for National Meeting announcement...Look for the National meeting to actually happen...Look for the Ministers to be announced...then we will look for the RV...Not until then will it happen...Breathe remember it does not matter how bad it gets over there they will eventually get it done...I admit that it has taken longer than anyone of us wanted but it will happen...Just keep looking for the national conference (National Meeting) this has to happen to announce the ministers, there will be no RV until the ministers are announced...RELAX. [post 2 of 2]
11-21-2012 Newshound Guru Randy Koonce Do not get discouraged, remember this is a political event not just an event...That is why there is not one Date out there that matters, Not 2013 or even this week...When you see the National Meeting take place you will then see the RV...Iraq does desire to have their GOI completed, they know about Maliki and so they will finish....One thing to keep in mind if Shabibi did not have control on what is happening there would have been an RV already because that is what Maliki tried to do..." as far as I am concerned I do not care on whether they have complete GOI or not." So you can see that the Plan to put the GOI together is still valid. All the Smoke that is out there is only distractions to the purpose they are striving to do and that is the National Meeting. [post 1 of 2....stay tuned]
11-21-2012 Newshound Guru Tlar Article quote: "Observers believe that Maliki's desire to bring Sunni figure place Talabani enters in this section private After that available to the al-Maliki may be compelling reasons for his decision is expected, including disease and aging Talabani, who pant signs of stress and even dementia." [This] quote tells me that Talabini is on his way out. More evidence that counters the hope that Talabini will ever bring a vote of no confidence to the parliament. Evidently Talabini has dementia and that is proof that he is not fit for office, oh and he sides with those nasty Kurds. I sure am glad Maliki was able to spot this before it becomes a problem. I wonder if there is some kind of a law Talabini is breaking that Maliki could accuse Talabini of, allowing Maliki to remove him from office? I feel pretty sure Maliki could recommend someone to complete his term as president that would be more than satisfactory to parliament. Maliki is a great leader alright. He is trying to "fix" Iraq and it appears that Talabini is of no more use.
11-21-2012 Newshound/Intel Guru BGG Article: "Kurdish MP: Iran told us to search for an alternative to owners (Iran is searching…poor translation)" This is very, very bad news for Maliki. Iran is looking for his replacement, the US won’t talk directly to him (other than through the VP and then only in the language of threats). He’s in deep trouble. Good for us and the rest of the world. Ironically, this from a fairly credible news feed…
11-21-2012 Newshound Guru Mike Maliki seems to be in a little bit of hot water right now…I’d look for him to maybe end up in front of Parliament real soon… They want to hear about this case of Shabibi and the Central Bank but they’re trying to keep it quiet and on the Q.T. for now.
11-21-2012 Newshound Guru Adam Montana There is a huge misconception amongst a lot of people. The misconception is something like this: "Since the average Iraqi makes X per year or day or hour now, there cannot be an RV because then nobody would work". This simply isn't true! If you are in the middle of a pay period, and your currency suddenly gets swapped for a different currency, your employer is going to simply going to pay you in the different currency. They aren't going to pay you an exorbitant amount above what the agreed salary was...they will adjust...if the old Dinars gain value, hey - GREAT NEWS for those that have them! But everyone else can expect to get paid or compensated in the NEW currency, and TOO BAD for them.
11-21-2012 Intel Guru Footforward I believe that Shabibi is gone, don't know where, moved out of the way. Shabibi has done everything he needed to do. The GOI has no affect over the RV. The HCL is done and if it is not they can use the old one while they work on the new one. I believe we are in a process of acceleration. Iraq is crying out for an RV & will not benefit from a low rate. Ban Ki Moon is going there to negotiate Chapter 7, they wouldn't be going there if Iraq still had things to do & weren't close. I believe that they did try to RV Saturday night & it didn't go through. I don't know why at this point. This can still go anytime and I believe it has to be really quickly. [post 2 of 2]
11-21-2012 Intel Guru Footforward The dong will never be over $2, never be over $1, never be over $.50, ever, period. It is very unlikely to be over $.20. The dong will be lucky to come in at $.05, but it is still a great investment. The IQD will far out pace the VND. The dong is not going to be the better option. We have recently been hearing the dong is going to go early. The reason for this misinformation is so that you will sell your dinar & buy dong. There will be zero chance to double dip. The dong & dinar will go together. I believe that things are moving & going to happen. This has to happen soon. [post 1 of 2....stay tuned]
11-21-2012 Newshound Guru Kaperoni we have some pretty compelling documentation that support that Iraq will honor the dinar at it's face or printed value at whatever the foreign exchange rate may be.
11-21-2012 Intel Guru Blaino we are getting continuing intel which confirms the fact that we are close: most recent...Someone involved in work ( an international body, financial in nature) directly related to the rv in the middle EAST... In iraq actually (most of the time) was not allowed to return home until the work of that project was complete in all respects. He/she/they came home last NIGHT!...so, the waiting grows SHORT. Know that we are very close! I spoke about a "live rate" on a final hold since last THURSDAY...With a buy and a sell RATE...WELL.... It's still up! The hold on it is the type used for the final time frame before release...So they tell me! 11-20-2012 Newshound Guru Kaperoni as I said...unlikely Maliki would leave even if there was a vote of NC. He thinks he is the only man for the job. IMO, best at this point, to hold the GOI together and put out the currency under the current situation. They wasted too much time already.
11-20-2012 Newshound Guru Tlar Talabini cannot attack Maliki without shooting himself along with him. Talabibi was listed as one of the newly found billionaires on the middle east list of billionaires. On his salary this is quite a feat. IMHO that's why he ran the first time claiming a health problem hoping this would be resolved before he came back. He just wants to stay out of it but he keeps getting sucked back into it. He is as corrupt as Maliki and if he is seen to go after Maliki. Maliki has him by the ying yang. In the early days Maliki sucked in a lot of guys this very same way allowing them to get rich during a period when there was very little accountability for money. So - IMHO - it would really surprise me if Talabini doesn't just retire and leave the country. He hates Maliki but is powerless (because of blackmail) in stopping him. Let Maliki win. Just RV the currency.
11-20-2012 Newshound Guru Med BETWEEN 40 TO 60 % OF THE FUNDS ALLOCATED TO EACH MINISTRY FOR THE REBUILDING OF INFRASTRUCTURE EACH YEAR WAS RETURNED, RETURNED. IRAQ IS IN SHAMBLES AND THEY COULDNT FIND A WAY TO USE IT. THIS DEFINATELY PROVES THE INCOMPETENCE OF THOSE WHO RUN THE MINISTRIES.
11-20-2012 Newshound Guru Breitling Imagine Germany with all the devastation they had...Germany was back to pre-war level within 8 years, with the right policy. So, when we look at Iraq, they have dragged their feet a little bit. We know what they planned for their currency. The U. S. took that model from Japan & Germany and from complete destruction, it took about 8 years to be back to pre-war level. That's where the 10 years came from, they probably gave the 2 more years extra. That has come up over and over, 8 - 10 years.
11-20-2012 Intel Guru Roger I still hold the belief BOTH currencies will increase in value some day in the future when compared to the US Dollar. At present, BOTH currencies are being artificially held low due to reasons known only to the few who control many things, but who have reasons for doing things aren't shared with anyone...Take it all for what it's worth...and be aware that just maybe some portfolio exposure in BOTH currencies could lend its reward sometime in the future. [post 2 of 2]
11-20-2012 Intel Guru Roger There's been considerable and growing interest lately in the Vietnamese Dong (VND). Could it be that one day the VND actually outperforms and brings a greater return to holders of that currency than those who hold the Iraqi Dinar (IQD)? I personally haven't yet abandoned the potential the IQD will increase through a straight-up revaluation without a "re-denomination" wherein the "re-denomination" means the 3 zeroes are literally taken off the currency, but instead the term is to mean that the actual currency notes are physically being taken out of circulation (i.e. dropping of the three zeroes), which of course would mean a straight up RV with significant potential for increase in value. [post 1 of 2....stay tuned]
11-20-2012 Newshound Guru LoriC Ban-Ki-Moon is headed to Baghdad to help broker the Chapter 7 deal. He's the UN spokesman so he will be speaking on behalf of the members wishes and all signs point to a swift exit for Iraq. Very exciting time for Iraq. There was also a positive report about Iraq possibly taking over as the leader in OPEC and that it would "make them one of the strongest states economically." Sounds good to me!!
11-20-2012 Newshound Guru Tlar I would also say that Maliki found a sliver of a crack that allowed him to shiitecan Shabibi that thus far has worked, a thing he has been trying to do since early 2010. He also is shrewd and smart. As to how this affects our investment, IMO it does not effect it at all and most likely helps it. The tension between the government (Maliki) and the bank (Shabibi) is over. Maliki now has control of the bank. Shabibi had already collected the trillions of dinar before he was removed. That's a good thing. [post 2 of 2]
11-20-2012 Newshound Guru Tlar They are still blaming Shabibi for the drop in value of dinar. Yes, he allowed fear to inter the street which in turn caused a buying panic of US dollars but IMO it was temporary and controlled, the purpose of which was to buy back as much dinar as possible around the middle east and Iraq. Shabibi only let this go on because it was ultimately to the benefit of Iraq long term. He saw this as an opportunity to repatriate trillions of dinar in a short period of time and 1189 per each USD he put out. He bought back multiple trillions of dinar this way which after RV would save his country billions. I would say that if this was Shabibi's plan he is a genius. [post 1 of 2....stay tuned]
11-20-2012 Newshound Guru Med THERE WAS A REASON FOR TALIBANI'S 180 AND IT WASNT CUZ HE THOUGHT MALIKI WASNT DOING HIS JOB EVEN THOUGH HE WASN’T IT WAS LEAKED TO TALIBANI THAT MALIKI HAD PLANS FOR HIM AND IT WASNT TO STAY AS PRESIDENT. HE FOUND OUT THAT MALIKI WANTS TO PUT A SUNNI IN AS PRESIDENT AND HE ALSO WANTS TO HAVE A CONFRONTATION WITH THE KURDS. I SEE THAT MUTLAQ IS STATING NOW THEY HAVE MORE THAN ENOUH SUPPORTER FOR THE REMOVAL.
11-20-2012 Newshound Guru Adam Montana I don't put any stock in these "announcements" of a timeline... they have been talking about replacing the currency since 2009, and they have given plenty of "dates", and none of them have came through. I don't think they will release the new currency until they have a new rate, and they won't do that until the HCL is resolved.
Read more: http://www.dinarguru.com/#ixzz2D9hs2ECG
11-19-2012 Intel Guru TerryK I’M HEARING ALOT OF GOOD THINGS ABOUT TOMORROW. WANTED TO TELL YOU ALL THE LITTLE BIT I GOT TODAY WAS VERY HAPPY TALK IF YOU KNOW WHAT I MEAN. I WAS ASKED NOT TO CHAT TOO MUCH ABOUT WHAT IS GOING ON. IM HEARING TONIGHT OR TOMORROW AGAIN.
11-19-2012 Intel Guru BWM july really doesn't hold any bearing for me...honestly, I would say by around February and if not then sadly I hate to say it... but it could be much longer after that...but news has been really interesting the last 24 hours...so I have not given up hope on the short term yet.
11-19-2012 Newshound Guru Tlar There has been very little change in either the philosophy or the movement in the bank and almost no outrage from the international community. It also appears that at least at present the bank is trying to work with the IMF and the IMF looks as though they are working with bank. There are many advantages IMO not to fight for Shabibi by anyone. Ignore and go from here seems to be the direction. Shabibi cannot fight the government if he is not in Iraq. News articles of his complaints and accusations have all but subsided. [post 2 of 2]
11-19-2012 Newshound Guru Tlar Maliki is going to submit the names of the replacement for the CBI which will then go to parliament for a vote. In the meantime I believe the bank acting in concert with the government is still on track to "remove the zeros" as stated by the finance committee. I don't think that Shabibi being gone will change much. We all know he was a good guy who got screwed but there is no reason at this point to see this other than a change in personnel. [post 1 of 2....stay tuned]
11-19-2012 Newshound Guru Med THE NEWS IS EXTREMELY PROMISING. IT SEEMS THAT ANOTHER INVESTIGATION SHOWS THAT DRAFTS WERE SIGNED BY MALIKI AGAINST THE CENTRAL BANK FOR PAYMENTS TO MEMBERS OF THE DAWA PARTY. THEY SEEM TO HAVE HAD THEIR HANDS IN ALMOST EVERY CORRUPT ACT IMAGINABLE. I BELIEVE THIS IS WHY SHABIBI WAS TARGETED ALSO ONE OF THE REASONS SHABIBI WAS NO IDIOT AND HE, I BELIEVE, KNEW EVERY DIRTY DETAIL OF WHAT WAS GOING ON.
11-19-2012 Newshound/Intel Guru BGG Article: "Haider Mulla: / Iraq / warns of economic disaster if it had not been re-independence of the Central Bank" Mulla is a highly competent legal and financial guy…if he’s hot about this – he’s making a serious point. They should sit up and take notice. He’s saying the CBI has to regain it’s independence as soon as possible. That would be better for everyone.
11-19-2012 Intel Guru TerryK SO, IM HEARING THE DONG SHOWED UP ON A SCREEN LAST NIGHT. DID ANYONE CASH IN LIKE .47 CAUSE I MISSED IT. I MADE CALLS AND TALKED TO LIKE 4 PEEPS AND THEY COULD NOT SEE IT. IF I GET ANYTHING I WILL BE BACK.
11-19-2012 Newshound Guru Mountainman Maliki met with Kobler [a representative of the secretary-general of the United Nations] and discussed Chapter 7 removal again today. Kobler said he supports it. We are very close to seeing Iraq released out of Chapter 7 IMO. The final requirement for their release may be raising the value of their currency. Time will tell.
11-19-2012 Newshound Guru LoriC The Economic Commission announced that a meeting very soon with the CoR will vote on the investment law after they made some key amendments to it... This is a good sign they are moving forward with this. It's been in the works a long time. Also, tomorrow's agenda in Parliament includes the second reading of the budget bill the Federal Republic of Iraq for the fiscal year 2013.
11-19-2012 Newshound Guru Breitling When these guys are picking names for a post...this tells me that Shabibi is out. I don't know where Shabibi is right now and it sucks that the bad guys win, but the government has to move on. They are already looking at a final list...that narrows down to 3 different candidates.This is all good for us...this is big...we need to watch this. They also are naming the different obligations Iraq has to fulfill to get out of Chapter 7. That is huge. This weekend was a very good weekend.
11-19-2012 Intel Guru Hammerman There are rumors, had 8 - 10 calls...the IQD has either or will in the near future of this week RV at 1 dinar to $1 or has or will RV at 13 IQD to $1 or last heard that it will RV at $1.07 to $ IQD between tonight [Sunday] and Tuesday. I have heard this from the right places, the right tents and the right positions. All news is extremely, extremely positive & I am still hearing it should RV before Dec. 1. I have always told you around the 17th or after. But, IMO, we have a 60% chance for before December 1, if not by Thanksgiving, I believe we will go into February...this is from 1 quality intel person. 11-18-2012 Newshound Guru Adam Montana [The rate dropped FAST when Saddam was taken out. "Is there any...laws ... that state the rate cannot go back up just as fast?] The answer is NO! There is no law that restricts the speed at which the value of the currency can go up. Absolutely none.
11-18-2012 Newshound Guru Med I THINK THEY WILL FIRST GO AS FAR AS THEY CAN IN INCREASING THE VALUE WHILE CONTINUING THE USE OF THE CURRENT DINAR. WHEN IT IS NO LONGER FEASIBLE TO USE THE LARGE DENOMS WITH A CEILING EXCHANGE RATE I THINK THEN THEY WILL MOVE ON PUTTING IN THE NEW DENOMS TO RUN WITH THE LARGER ONES. I THINK WE ARE LOOKING AT JULY. NOW THAT COULD CHANGE FAST IF SHABIBI IS EXONERATED AND RETURNS OR IF HE DOES NOT RETURN THE CONSENSUS SO FAR IS THEY WILL DO IT EVENTUALLY. DO NOT GET YOUR HOPES UP FOR THIS [CHRISTMAS] THEY ARE TOO WRAPPED UP IN THE POLITICAL WOES. [post 2 of 2]
11-18-2012 Newshound Guru Med THINGS ARE A BIT DIFFERENT RIGHT NOW AT CBI COMPARED TO A FEW MONTHS AGO. 3 MONTHS AGO I WAS PRETTY CERTAIN WITH SHABIBI HEADING CBI AND I FELT THEN THAT THE ISSUES WITH THE GOVT AND THE BLOCS WAS NOT AN ISSUE AND WOULD NOT JEOPARDIZE THE RV. BUT THAT HAS CHANGED. IT DOES MATTER NOW, TOO MANY UNKNOWNS. WE KNOW THEY ARE ADIMANT ABOUT INCREASING THE VALUE OF THE DINAR AGAINST THE USD AND THEY WANT IT MOVING LIKE NOW BUT I DO NOT THINK THIS IS THE RV. [Post 1 of 2....stay tuned]
11-18-2012 Intel/Newshound Guru Poppy3 Next there is another scenario that I have been told is very possible and is in play. I have the two sources...that have both brought this possibility to me. They think that the IMF / WORLD BANK Placed DR SHABIBI in charge of the CBI and that he still is still working in managing the CBI. He just isn’t in the country and will not return till the judiciary will hear his defense and also they provide him with documentation of the charges against him. WITH THIS scenario the RV could happen at anytime according to what has been accomplished behind the scenes that we are not privy to. My confidence is very high and I am more confident in our return on investment than ever before. [post 2 of 2]
11-18-2012 Intel/Newshound Guru Poppy3 THIS IS A good report. It is just pointing out what we have known for at least 24 months now. Things that still need to be done are done. It is happening and it is happening faster than ever in the past. things are turning in our favor. The DC group I mentioned are very confident...but they, at this point, said since the meeting that had been scheduled for the 14th of this month hasn’t taken place yet and they don’t think the RV can happen until someone of trust is at the helm of the CBI. This was key to stabilizing the CBI. It is Shabibi or someone else and no one there at this time is acceptable. [post 1 of 2....stay tuned]
11-18-2012 Newshound Guru Kaperoni In my view, I believe the dinar will rise via a float over time. The time it would take to reach a value of 1 to $1 is subjective. Some say a few months, other 6 months or more. The other possible scenario still on the table is the “staging rate” at or about .86 - .90. We know this because there was heavy discussion in numerous articles throughout Iraq during 2012. Both of these are viable and realistic based on the conditions in Iraq. [post 2 of 2]
11-18-2012 Newshound Guru Kaperoni Will there be a raise in value of the dinar? I totally believe their will or I would not spend the time researching and presenting information that I do. Do i think it will happen soon? Yes, I think Iraq must change the value of the dinar soon or risk economic and monetary uncertainty. Do I believe it will some day be worth more than $3 to 1 dinar? Yes, but not overnight. [post 1 of 2....stay tuned]
11-18-2012 Intel/Newshound Guru Poppy3 OK, just got a call – in fact two calls with a heads up to expect to see movement of the VN DONG. I have already e-mailed sources asking to get some confirmation of facts. I am excited over these possibilities. Seems they may be fed up with waiting on IRAQ. I will update as results come in. May I remind everyone the dong is already tradeable?? If they do it we can go cash in most anywhere at any trade bank. Cash in hand fast. EXAMPLE 1 MILLION DONG if it where to be AT 1 SMALL PENNY WOULD RETURN $10,000.00 NOT BAD FOR ABOUT $65.00 INVESTMENT.
11-18-2012 Newshound/Intel Guru BGG Article: "Washington suffered its troop deployment in the disputed and longer engagement with Alپeshmrگh “red line” Washington has apparently decided to step in again…it’s about time. They are working on diplomatic solutions but have finally given Maliki some serious ultimatums. The VP told him that any attack on the Kurds would not be tolerated. We would intervene, also he had previously “offered” to send US troops back to “get between” the Kurds and the Iraqi Regulars...Maliki wanted none of that idea…a response directly contrary to his babble in the media a couple of days ago. Looks like to me they are finally forcing his hand and not letting him just stand there and talk.
11-18-2012 Newshound Guru Mike You have people defending the Central Bank – Waiting for Shabibi to come back - My guess is once they realize whats going on in the government side that he will come back - In this era of fighting right now, I do not think you are going to see Shabibi show up anytime soon. I would not expect anything major to happen before the end of the year - not saying it can't happen but...they are not going to add value to their currency in the present state of this government right now.
11-18-2012 Newshound Guru Adam Montana [are you seeing the IQD revaluing alone or within a basket of currencies?] The IQD will RV completely independent of any other currency.
11-18-2012 Newshound/Intel Guru BGG Article: "A forthcoming meeting of Talabani and Barzani, Allawi to discuss the solution of the three presidencies" This is the best news of the week – maybe the month. Maliki’s shenanigans have done what no one else could do. He brings the Erbil 5 back together again. Keep in mind – as late as yesterday Sadr was smokin’ mad and if Najafi sees a real opportunity to put the lights out on Maliki he’ll jump at the chance.
11-18-2012 Newshound Guru Med PRINCE KANANI WHO IS A LIBERAL FROM THE NA CAME OUT AND STATED THAT IF SHABIBI'S STATEMENTS AGAINST MALIKI ARE RIGHT AND THE REASON FOR THE CHARGES WHICH AMOUNT TO A DISAGREEMENT IN POLICY THEN SHABIBI IS EXONERATED AND MALIKI IS IN A BIND. SADR ALSO STATED HE WILL NOT APPROVE THE BUDGET IF A STIPULATION IS NOT IN IT THAT THE POOR WILL GET A SPECIFIC AMOUNT FOR THEM IS ALLOTED. [post 2 of 2]
11-18-2012 Newshound Guru Med MALIKI JUST MIGHT HAVE PUSHED IT TOO MUCH ON THE SHABIBI CORRUPTION THING CUZ IT IS SPREADING LIKE WILDFIRE AND OF A POPULATION OF 30 MILLION OF THE REGISTERED VOTERS 96.4% BELIEVE MALIKI AND HIS GOVT IS THE WORST MOST CORRUPT IN IRAQ HISTORY. THEY ARE ALSO CALLING FOR ALL FILES TO BE BROUGHT FORWARD ON CORRUPTION AGAINST MALIKI AND ...LET PARLIAMENT AND THE PEOPLE DECIDE. THIS IS NOT GOOD FOR MALIKI. [post 1 of 2....stay tuned] 11-17-2012 Intel Guru Blaino Saturday continues as planned! Yesterday, I got some fairly exciting news from several sources that indicated the Thanksgiving holiday might be far more thankful than some previous YEARS. Let's hope so! There is rate news as WELL. Waiting for additional confirmation on that later today or tomorrow. The numbers we got are within the realm of reality. Heard from panda express as WELL and they have a tremendous expectancy for the next several days, hinging on two events and we are watching those with interest. Be enthusiastic and enjoy the weekend until additional news breaks.
11-17-2012 Intel Guru Bluwolf I want all to keep the faith for all is still on track. ALL FINANCIAL PROBLEMS WORLDWIDE WILL BE TAKEN CARE OF WITH THIS INTERNATIONAL RELEASE. [Do you think there's any chance the VND will go before the dinar?] NO. [Can you say when we might c this....like by end of November, end of December?] AT ANY MOMENT.
11-17-2012 Newshound Guru Mailman17 I TRULY DIDN’T THINK IT WOULD GET THIS MESSY. BUT I TRULY BELIEVE LOOKING AT ALL THE ARTICLES ESPECIALLY DINAR RELATED AND CURRENCY RELATED, THAT THE DINARS VALUE IS STILL PEGGED TO CHANGE JAN 1 AND NEW NOTES TO CO EXIST. [post 3 of 3]
11-17-2012 Newshound Guru Mailman17 WE KNOW OUTSIDE PRESSURE IS THERE. ALWAYS HAS BEEN FROM DAY ONE UNPLANNED AS IN PRESSURE FROM OUTSIDE IRAQ TO MAKE IT HAPPEN. THIS MUST BE IRAQ'S CALL OR AT LEAST MADE TO LOOK LIKE IT, KEY WORDS THERE MADE TO LOOK. THE TAKEOVER OR AT LEAST ATTEMPTED TAKEOVER OF THE CBI? PLANNED? OR A ROUSE? NOT SURE. THE UN AND IMF AND THE US KNOWS YOU CANT REPLACE THE ENTIRE GOVT. SO REPLACE THOSE THAT WILL BE SCAPEGOATS AND SET THE MARK. [post 2 of 3....stay tuned]
11-17-2012 Newshound Guru Mailman17 My key, as it was before, will be Shabs. I don’t think it’s so much as if he comes back to assume the CBI role as it is what he brings with him. HE MAY NOT EVEN COME BACK BUT IT’S WHAT HE WILL PRESENT IS WHAT WILL BE VERY INTERESTING. REMEMBER THEY ARE STILL UNDER 7. I STILL THINK THE DINAR MUST COME OUT UNEXPECTEDLY NOT PLANNED BY ANYONE. THIS AMOUNT OF GLOBAL WEALTH MUST NOT BE MADE TO APPEAR PLANNED IN ANY WAY SHAPE OR FORM NO OUTSIDE ENTITY PUSHING. [post 1 of 3....stay tuned]
11-17-2012 Newshound Guru SWFloridaGuy Reuters reported that thousands of people in the United States still expect a surge in Iraqi dinar and who was described as one of the largest investment opportunities in the world. The report says that some speculators expect a rise in the value of the dinar against the U.S. dollar to become the Iraqi dinar equal to between 1 to 3 dollars, which represents gains ranging from 116500% to 349,700%.
11-17-2012 Newshound Guru Mountainman Saleh recently made a statement where he said it's time to begin the second phase of this time to address the market demand for foreign currency... Basically, the CBI is ready to make their move and implement the next stage of currency reform and new monetary policy but needs international support to accomplish this.
11-17-2012 Newshound Guru Tlar Shabbs was definitely concerned with the process and had definitely appeared to be afraid to put his good name on the line especially when the government appeared to be firmly against this. The landscape has changed. Maliki can pretty do as he pleases if he satisfies the IMF. My best guess is that they would no longer use the phrase "remove the zeros" if they meant to come out lower than .86. I think articles over the next few weeks will give us all insight to not only understand their intentions but we will be in a better position to take a true stab at guessing the rate. [post 2 of 2]
11-17-2012 Newshound Guru Tlar I respectfully disagree that there will be a low float starting anywhere near 1166 to 1 USD, up to 10 to 1 USD. Most of the articles being presented today under the new bank governor and others involved in this process are back to mentioning "the removal of the zeros". To me this means exactly what they say. Removing the zeros off the nominal rate means going from .00086 to .86 per US dollar. Removing the zeros to me does not imply a gradual raise over a period of time. Although this is still not known for sure, Shabbs only made reference to starting low and letting it go up from there which might be all and in itself the reason Maliki went after him. [post 1 of 2....stay tuned]
11-17-2012 Newshound/Intel Guru BGG Article: "Kurdistan: Talabani saved Maliki of confidence and final depth of the crisis operations Tigris" Maliki hasn’t done what he promised Talibani. Talibani (himself) is even issuing warnings to Maliki (first time for that). The thing I find encouraging here is the public awareness that Talibani saved Maliki’s @xx last time in exchange for “promises” of reforms. None of which he has followed through on and the “public awareness” is getting itchy. Further – no one seems shocked that Maliki put together this Tigris Command to intentionally stir up trouble. They are catching on. 11-16-2012 Newshound Guru Kaperoni We have pretty compelling evidence that the CBI's plan has changed or at least been modified to raise the value via a float, to the extent of signed contracts (facilitator) with CBI officials and the MInister of Finance. I am all for the "staging rate" of .86 or about, but the float information is real and factual. If it ends up being anything other than a float, I would be very surprised.
11-16-2012 Newshound Guru Adam Montana Regarding the timeline - I think it is very possible to have this all come to a head either January or sooner. The "issues" between Iraq and Kuwait are all but rubber-stamped already. Most everything is resolved, Iraq has complied with everything the UN has asked, and there is no reason to keep them under Chapter 7.
11-16-2012 Newshound/Intel Guru BGG Maliki tried to use the ration cards as a carrot. Sadr is mad about the ration cards, smoking hot. Sadr is for the little people & is saying don't vote for Maliki. This got Maliki on the bad side of the people and got Sadr smoked up again...this is good for us.
11-16-2012 Newshound Guru Kaperoni I continue to see people relating the 1st of the year with this event. Yes, Shabibi himself stated this as it relates to the accounting records, budget etc. But unless they RV the dinar to be worth more than the dollar, it has no effect. Therefore, as stated several times, we expect a float which will be gradual over time rising to 1 to $1 over a period of months. This accomplishes much of what Iraq needs economically, WTO, convertable currency, ISX, investment, etc. to move forward.
11-16-2012 Newshound Guru Mike The move is in Maliki's court - we are either going to see him double down which he probably will and then it becomes Talabani's move - truly is he going to quickly call for all of this...in my opinion it looks like the people who are up against Maliki (Talabani, Allawi, all these guys) have the blessing of the US to do what they need to do - I don’t think there is anything that needs to be done they just need to go in and do it - They need to do it before they get ripped into some sort of civil War ...Maliki has got to go and they have to form this government.
11-16-2012 Newshound Guru Tlar The ration card would not be an issue if the government gave them more value in cash. It should not have a negative effect on the government if they can get this done which would mean it is not an election issue. It's interesting to see the persistence of the government to get rid of the ration card. My question is why at this time. What is the carrot? Shabibi tried to push this through and at every turn the same government shut them down.
11-16-2012 Newshound Guru L.J. To sum it all up is Maliki really had a bad day...The tone has changed - Talabani and his position - The position of the Kurds...Kuwait is basically saying you need to decide what the future is going to be bring and have vision for what is going to happen in the future...we are going to have cooperation here in the Gulf - We are all going to be on the same page one day so why not start today? You need to get out of the way or comply...Maliki is just being hit over and over...today was a Bad Day and he is going back to his corner battered and beaten and he has to actually make a decision... the fight is coming to an end - I believe Maliki is not going to have too much fight left in him.
11-16-2012 Newshound Guru Med IT SEEMS THAT SOMEONE IN IRAQ DECIDED IT WAS IMPORTANT TO MAKE SURE THAT THE REST OF THE WORLD KNEW THE DINAR WAS NOT FALLING INTO OBLIVION AND THAT SOMETHING WAS COMING UP TO INCREASE THE VALUE. WHAT HAS HAPPENED WAS A SHOCK BUT IN THE AFTERMATH IT DOES NOT SEEM TO HAVE HAD BAD EFFECTS. I TOTALLY BELIEVE THAT ALL THE ANTI RV RHETORIC WAS BS. IT WAS NEVER THEIR INTENTIONS NOT TO RV. WHAT IT WAS TO DELAY SO THEY HAD TIME TO FINISH WHATEVER INVESTIGATIONS WERE ONGOING. NOW WE ARE SEEING FROM THOSE WHO MALIKI PUT IN CBI HOW IT WILL IMPROVE THE ECONOMY.
11-16-2012 Intel Guru Footforward The GOI does not have any control over the monetary policy, they do not have any control over the RV. It is very separate. The GOI has no say. Maliki having a say in the RV is all smoke. Maliki & Shabibi were placed in their positions, a very strategic move by the people that put this together. Maliki is not the problem. This is part of a plan to reset the economy. This is going to happen, it's a matter of when. Intel is all good, everything is done.
11-16-2012 Newshound Guru Tlar It is...encouraging to see that at least for the time being that they look like they are attempting to follow the IMF's advice and most encouraging, that they intend to activate the tariffs even if has been a long time coming. The realities are they have to increase the value of their currency if they activate those tariffs and if they ever really intend to join the WTO as a full member. They have to follow the same path laid down by Shabibi with the only difference today is, they have to get out of their own way now that they control the process start to finish. [post 2 of 2]
11-16-2012 Newshound Guru Tlar Article: "The high exchange rate of the dinar against foreign currencies during the coming period after the important reforms carried out by the federal government central bank action." The article is a slam on Shabibi further tightening the accusations against him. It clearly blames him for the economy not prospering. It also implies that the CBI is working hard to bring the two rates, the street value and the program rate back together at the program rate. At the end of the article they refer to increasing the value in the coming period which will help the economy. [post 1 of 2....stay tuned]
11-16-2012 Newshound Guru LoriC Melia said that many are trying to pressure the government in order to continue the process of reform and push forward democracy forward. Iraq isn't receiving all this support and pressure to catch up to international standards because everyone has a bleeding heart for them. As the IMF stated, Iraq will be a tool for global economic recovery because they have not been affected by the economic crisis. Iraq may be content with procrastination but the rest of the world is not. [post 2 of 2]
11-16-2012 Newshound Guru LoriC The U.S. Secretary of State in the Bureau of Democracy, Human Rights and Labor, Thomas Melia, has been involved in 20 meetings during the past 3 days regarding Iraq's emergence as a sovereign democratic government and to promote human rights. A year after the withdrawal of U.S. troops from Iraq they are being helped along so they can be released from Chp7 sanctions and be fully sovereign. [post 1 of 2....stay tuned]
11-16-2012 Intel Guru TerryK had maybe 25 calls this late afternoon into the night, all positive, no neg stuff...hearing that this weekend looks again very good for us, not holding breath but it sure looks and smells like rv...i was scheduled to leave wed this coming week but i have heard so many positive things i wanted to be close to my dinar and get ready, that's how i feel...does that say anything.
11-16-2012 Newshound Guru Adam Montana IF Shabibi ends up back in his seat, we are going to be looking at another long and confusing wait for the RV. I really do not think it will be easy for him to get back into his former role, and I think Maliki is working on pushing things through before he is able to get back there. At this time, the warrants are still out for Shabibi and he has not returned to the country. He will not return until the warrants are lifted. I know I wouldn't want to be arrested and thrown in an Iraqi jail with all this going on! But at the end of the day, none of that really matters... if Maliki or Talabani or anyone else can get this pushed through, I'm in favor of whatever methods they use - with or without Shabibi. 11-15-2012 Intel Guru Footforward They have a rate in every budget. Is that the specific RV rate...No, but they expect it to be at least that rate. $3.41 is in one of their budgets & rates have gone up the last couple of years. A buck is not going to cut it for Iraq. Iraq is not thriving, they are barely getting by. Having a stronger international currency is going to drastically help things. Until you see the RV you are not going to see massive investment. They absolutely can go to a high rate over night, a dollar won't cut it, we are going to have a better rate than that.
11-15-2012 Newshound Guru Kaperoni IMO the value of the dinar can rise anytime. Whether free float or staging rate. The issue for Iraq is when they implement it into the budget and that is referred to as "delete or lift 3 zeros."
11-15-2012 Newshound Guru Tlar Coming period, soon, and in the next few days are all terms the Iraqi newspapers give when none of them have a clue as to when it is going to be. A prime example is "the Security Minsters will be picked in the coming days". How many times have we heard this? "The HCL will be will be passsed in the coming period" or my personal favorite by Talibini, ""the national conference will be held soon".
11-15-2012 Newshound/Intel Guru BGG Article: "Committee economy likely improve the value of the dinar against the dollar after the central bank reforms" What they are saying is – “if we get our way – we’ll raise the value of the Dinar way up”. This may or may not be true – this is an inherently untrustworthy regime, but it’s good to hear there are a number of ways this can go.
11-15-2012 Newshound Guru Adam Montana [Questions: With new information stating that the U.S. will be the leader in oil product, out producing the Saudi's (although some years away), in your opinion how will this effect the value of the U.S. Dollar to that of the IQD and the Saudi Dinar? And what will this look like for our investment in the future?] I think this is a good thing for our investment. If Iraq wants to raise the value of their currency, they need to do it BEFORE the US starts catching up in terms of oil production. The value of oil, and therefore the intrinsic value of their currency, will go the wrong way when the US ramps up oil production. they need to raise the value SOON, otherwise they won't have the resources to back up a higher valued currency.
11-15-2012 Newshound Guru Kaperoni tariffs are directly related to the exchange rate as the WTO to the Tariffs. One goes with another. So if they hold this new target date, we should see the rate rise well before June. Now is good.
11-15-2012 Intel Guru TerryK Heard comment that Shabibi will be back. Shabibi said he will not set foot in Iraq unless they drop the arrest warrant due to the reason that he knew he would be carted off to places unknown. Shabibi knows what Maliki will do...they have hated each other for a very long time...Big power struggle but they are peas in the pod. Shabibi does not want Maliki to get his hands on all that money and go out at buy weapons. Talibani left the country today he was angry, aggravated...as diplomatically as he could put it stated Maliki was difficult to deal with. I know some of you are tired of hearing it's going to happen. So many things change...but what I bring to you is the rumors we hear.
11-15-2012 Newshound Guru Tlar I guess the tariffs are put off again. The exchange rate has to go up before this event or it will be extremely inflationary. It's coming even if it is not exactly in January. If they actually implement this, this time, we should see the RV before June. I guess Turkri isn't worried about accounting periods as was Shabbs. That's a positive if true because had Shabbs still been in office and not pulled the trigger Jan 1st, it would have been delayed another year. Remember Shabbs said he would not remove the zeros in the middle of the accounting year because it would be to complicated to make the change.
11-15-2012 Newshound Guru Mountainman Something I found curious was that Japan is now pushing for the implementation of some projects in Iraq's economic sector that they funded with a 4 billion dollar loan. No details were given other than to say the loan was for funding 19 projects in the economic sector and to develop Iraq's infrastructure. There sure are a lot of countries and powerful companies all pushing for Iraq's recovery, whether that be economically, politically or the removal of sanctions. Everyone is in Iraq's corner right now.
11-15-2012 Newshound Guru Phoenix3333 Article quote: "The measures being taken to the Central Bank by the government will maintain the value of the dinar and perhaps raised during the coming period, which will impact positively on the overall activity of the national economy." It "appears" that Shabibi was not allowing the Iraqi Dinar to raise in value and that is why he was removed, only time will tell.
11-15-2012 Newshound Guru LoriC Today economic committee members said that the value of the dinar will improve against the dollar in the coming period after the federal government carries out some reforms. They even said specifically it will be a high exchange rate on the dinar against foreign currencies. All the signs point to this being over very soon, either in November or December at the latest.
11-15-2012 Newshound Guru Adam Montana where are we? Well, the US Elections are over. The year end is coming quickly, and it makes a lot of sense to do a rate change as the year is changing. And it ALSO makes a lot of sense to get this done now, while Shabibi is unable to be a major obstacle. So in my opinion, things are looking positive in the near future... again, the thing to watch is the HCL. In my opinion...Erbil/HCL - they go hand in hand. Once that is done, we are on the home stretch. Hang on tight then, boys and girls!
11-15-2012 Newshound Guru Med IN EVERY MINISTRY THAT MALIKI HAS APPOINTED SOMEONE THEY HAVE FAILED. THESE MINISTRY APPOINTMENTS TO ME ARE NOT WHO COULD ACTUALLY RUN IT BUT THEY WERE POLITICAL FAVOR APPOINTMENTS WITH NO CONSIDERATION IF THIS PERSON COULD ACTUALLY DO THE JOB.
11-15-2012 Intel Guru BWM everything that I'm hearing still says that they expect the VND and IQD to go at the same time publically... 11-14-2012 Newshound Guru Tlar The tariff and taxes law cannot be implemented without a corresponding raise in the exchange rate or they will experience double or triple rate inflation. The suspension of the ration card in March is another good sign. It also implies that the rate will be changed by then and Iraq just agreed with the IMF to discontinue its usage. Chapter VII is another good sign just over the horizon.
11-14-2012 Newshound Guru Adam Montana I want to make it clear that although they state they are working to get it [the budget] done by year end, they will not give us a direct clue as to the future value of the Dinar in the budget...so the budget really doesn't make that much difference to us...if they do a major rate change, the budget will be adjusted to fit the new rate.
11-14-2012 Newshound Guru Mountainman The NY Times had a great quote this morning about Iraq: "Iraq’s re-emergence as an oil power is inevitably sending ripples through the industry and the surrounding region. The country has surpassed Iran as the second-largest OPEC producer after Saudi Arabia, raising questions about whether other oil-producing countries may at some point need to trim production to accommodate a rising Iraq." How can such a wealthy country justify a worthless currency after a decade of recovery and when the sanctions that destroyed their currency are about to be lifted? Simple answer, they can't and they won't.
11-14-2012 Newshound Guru Adam Montana Chapter 7 is not officially 100% released, but there's no reason we won't see that happen shortly and the main thing to watch - the really BIG ticket item - is the HCL...latest reports are saying that they are actively working through it, stating that it must be dealt with separate from all other issues and that it is of extreme importance, especially with the budget being worked on right now...
11-14-2012 Newshound Guru Administrator Bob As we enter mid-week, both political and economic issues continue on center stage. If this were a theme song there would be no harmony. A good title may be "aggravated."
11-14-2012 Newshound Guru Med I AM NOT SURE IF MALIKI REALIZED THE CAN OF WORMS HE MAY HAVE OPENED UP WHEN HE ACCUSED SHABIBI OF CORRUPTION BUT IT IS NOT BEING TAKEN LIGHTLY. THEY HAVE FOUND ISSUES WITH CBI BUT ALSO IT IS BEING UNCOVERED EVERYWHERE THIS RUSSIAN ARMS DEAL THING...
11-14-2012 Newshound Guru Mike It was a Great Day in Baghdad...I am going to call today "Christmas in November" Maliki was passing out gifts - 3 of them - He screwed up - Apparently he can't find where he placed all the evidence on Shabibi and the warrant - Imagine that - Having a hard time finding it - Another disappearing act...more bad days for Maliki...And Santa Claus...I mean Talabani seems to be jolly with everybody - having meetings with everybody and finding out from them what they want and who has been naughty and nice. [Oooh, I like these Christmas themed posts...FaLaLaLaLa!!!]
11-14-2012 Newshound Guru Adam Montana At this time, Shabibi is still on the run. I think it's fair to say by now that Maliki has been planning this for some time - he has been making small moves to take control of the CBI for some time now, and this is definitely working in his favor to that end. In my opinion, this will make it much easier for him to force an RV - Shabibi is/was a very steady character, he did a great job of controlling the value of the Dinar, but we know that he was against a major increase...so it's probably a good thing for us that he is no longer in that seat.
11-14-2012 Newshound Guru Mountainman At this point the HCL draft is considered to be in the advanced stages according to the Oil & Energy Committee. UAE, Exxon and other companies are expanding their interests in Iraq and the Ministry of Electricity has had a complete overhaul. The banking sector still needs improvement but the efforts to bring Iraq to international standards will continue long after they RV their currency, as will the political bickering. IMO, if they introduce the LDs between now and January, they will also have to revalue. There's no point in doing it otherwise. So, sometime between November and January is the target date.
11-14-2012 Newshound Guru Breitling The people that came up with the LOP theory don't know about money, they are not investors. Today's rate is completely false. They are keeping the value of the dinar down artificially. From day one these guys with the LOP theory were wrong, it was invented. Iraq would not do that to their country, mess up their economy. Does this guarantee that they won't throw us a curve ball...No. I don't know when they will revalue or restructure their currency. They really can do it today. But, you have to look at what is going on over there with power, the CBI, etc. Maliki has the advantage, but we still don't know. Things are going good in Iraq. I am still very motivated, I am still watching it everyday, it really could, any day.
11-14-2012 Newshound Guru Tlar Whether it is January or July, they will remove the zeros. It is possible that what has happened to Shabibi may in fact be a good thing for our investment. If Shabibi had...decided to introduce the currency internationally at a low rate and let it grow from there, the forces that are supporting this in the government continue to say "removal of the zeros". This to me means if they can win this philosophical war that their intentions are to bring the dinar out at .86 or 1 to 1. Most of what is going on with the bank and the government will most likely be resolved by the end of November.
11-14-2012 Intel Guru Footforward Nothing that happens in Iraq affects our blessing. The people that support the Iraq only theory, it doesn't make any sense. Iraq has nothing to do with this. They have done everything that they needed to do. This was a plan that was put in place stratigically by the authors of the plan, not Obama. Maliki can't take over the CBI, the GOI doesn't have the authority to appoint the new governor of the CBI. Shabibi is under protection, tucked away safely. If he was harmed it would not have any affect on the timing of the RV, one person being removed would not have any affect on the timing. There is a lot going on behind the scenes. I am still expecting a very good rate and I am expecting this at anytime, expecting it now and we should not have any trouble cashing in. 11-13-2012 Newshound Guru Tlar We know there is a printing taking place of the small dinars that are supposed to be distributed this month and recently Maliki said the removal of the zeros will be postponed until after the first of the year. I've have studied and been in this investment since 2008. I have never had as much hope as I have at this time. I have never seen the target legislation and the budget in parliament to even be voted on. Well most of it is there. There is alot of progress being made even if the country goes dictator...it is just my opinion but I believe that the path is clear.
11-13-2012 Intel Guru Blaino THEY ARE GETTING "THERE" LITTLE BY LITTLE, INCH BY INCH AND DEAL BY DEAL. THE "PUBLIC FACE" WE EXPECTED MAY YET DEVELOP AND IT'S WORTHWHILE TO UNDERSTAND THAT ONCE THIS MARKER HAS BEEN PASSED ON OUR JOURNEY, WE WILL ENTER A TIME WHEN THERE WILL BE LITTLE EXCUSE AND FEW REASONS WHY THE "REVALUATION BALLET" CAN NOT BEGIN. THAT BEGINNING MAY INCLUDE: ISSUANCE OF LOWER DENOMINATIONS, A "FINAL" AND FULL PUBLIC ANNOUNCEMENT OF THE GOI, SOME ADDITIONAL DETAILS ON THE RETIREMENT OF THE "000" NOTES AND EVEN SOME TARRIF ANNOUNCEMENTS. TIME WILL TELL, BUT CLEARLY, TIME IS GETTING SHORT NOW.
11-13-2012 Intel/Newshound Guru Poppy3 Just got another call and this guy swears DR SHABIBI has already been cleared and will be back in charge of the CBI within days if he isn’t already. I told him I hope his source is correct but it is hard for me to accept until a little more information and confirmation and he said he understands but is sure of his source. TIME WILL TELL FOR SURE BUT IT WILL BE NICE. IF THE VOTES GO GOOD THE NEXT COUPLE DAYS AND THE GOOD DR is there it could be a SHABIBI CLAUS CHRISTMAS . GLORY WOULDN’T THAT BE NICE??
11-13-2012 Newshound Guru Tlar The tariff and taxes law cannot be implemented without a corresponding raise in the exchange rate or they will experience double or triple rate inflation. The suspension of the ration card in March is another good sign. It also implies that the rate will be changed by then and Iraq just agreed with the IMF to discontinue its usage. Chapter VII is another good sign just over the horizon.
11-13-2012 Newshound/Intel Guru BGG Article: "The political blocs are awaiting the visit of a delegation of the National Alliance for the Kurdistan region in order to activate the National Conference” I have heard this line of reasoning often enough lately to tend to think there is something to it. I would think one more visit by the NA to the Kurds, a little more bickering and maybe we see a NM of some kind.
11-13-2012 Intel Guru TerryK wait for o [Obama] to speak tomorrow, what i was told today, that is all...last i heard we are on track...waiting for another call to bring me status...i will get back on when i get that.
11-13-2012 Newshound Guru Med ALOT ON THE PLATE IN IRAQ, SOME CAN BE SERIOUS FOR MALIKI. I WILL SAY THIS, I EXPECT A SIGNIFICANT RISE IN THE RATE OF EXCHANGE BEFORE THEY DO SWAP OUT CURRENCIES. I BELIEVE THIS WAS THEIR PLAN ALL ALONG AND THIS RATION CARD THING IS GOOD FOR US.
11-13-2012 Newshound Guru Tlar For years we have waited to see major legislation go through. Finally Article 140, the HCL, the Budget for 2013 and the termination of the ration card in March of next year are all very encouraging to me. ...the Finance committee just said...the removal of the zeros will still take place after the first of the year and that no one man is so important as to effect monetary policy in Iraq.
11-13-2012 Intel/Newshound Guru Poppy3 they are talking a great game right now and they appear to be determined to complete the mission of their government and laws all this week. Just talked today with the Washington group and they are still standing firm on DEC 1 as the latest date we will see the RV. I told them I was hearing lots of good talk but seeing zero actions. They said not to worry because at some point it will all move fast as the ball starts rolling. I have told all of you many times the rate will be $3.41. Everyone keep your chin up and pray for favor between all leadership parties . The end is getting closer.
11-13-2012 Newshound/Intel Guru BGG Article: "Deputy for the law: the ministries of defense and interior are the most corrupt among the rest of the ministries" Now let me get this straight…the Defense and Interior Ministries are the most corrupt in Iraq, Maliki prosecutes corruption with great vigor (supposedly), Maliki is the one running those two Ministries directly and it is one of his own SLC MP’s outing him?? Wowsers!!
11-13-2012 Newshound Guru Mountainman Article Quote: "Member of the Finance Committee excludes retrieve the general budget to the government and likely approved the end of next month. The House of Representatives completely during its next to discuss the budget was postponed Read all legal projects to be discussed during these days in order to vote on the budget in (2013) early in order to be practical exchange money at the beginning of next year." This quote sounds an awful lot like a tradeable currency is to be released and the budget is to be passed by the end of this month. "Practical exchange money at the beginning of next year" can only mean thing. An IQD with value that can be traded in the market place. Keep in mind, we're also expecting the new lower denoms to be released this month also. IMO the CBI is about to make their move now, by January at the latest, this should be over.
11-13-2012 Intel Guru TerryK IM HEARING ITS ONLY A FEW MORE DAYS AND WE SHOULD SEE OUR BLESSING. CHINA [SPEECH] IS TOMORROW, OBAMA IS WED IS WHAT I WAS TOLD. THEY [CHINA] ARE TO TALK ABOUT ECONOMIC RECOVERY, OBAMA IS TALKING ECOMOMIC REFORM.
11-13-2012 Newshound Guru Tlar Miliki will come to understand that if he does not play by international rules that he will be excluded from the game. This is not yet decided but IMHO we will know the direction in the next 2 weeks. If they seem to be following the rules to enter the international banking system, my best guess is the RV is still on. If they rob the piggy, then the RV is off. Also the tariff and tax law that was postponed now two times is still on to be implemented in January unless it was postponed again...If it is still on then so must the RV still be on. You can't install taxes and tariffs without an RV or it would be like strapping a ball and chain to their economy. All of this is MHO. [post 2 of 2]
11-13-2012 Newshound Guru Tlar the war between Shabibi and Maliki in and of itself would not allow the currency to change. Maliki and the SOL now have to deal with where the CBI is at this moment. There are certain realities that they face. I think they just realized that when they agreed to the IMF that they would cancel the ration cards in March 2013. The shear fact that they are attempting to move in sync with the IMF to me shows that they are concerned about what their doing and how it looks. Maliki in my opinion wants investment to come pouring into Iraq. He has said as much just recently. He will come to find that a healthy bank means a healthy Iraq. [post 1 of 2....stay tuned]
11-13-2012 Newshound Guru Kaperoni Shabibi himself said he cannot come back unless the warrrent (without bail) is cancelled. He also states.."could be take me to a place no one knows and that's what makes me fearful of returning to Baghdad." In others words, one of Maliki's secret prisons never to be seen again...and a dead man. All of this occured before the Skype video...now that Shabibi has called out Maliki via video. IMO there is no chance Maliki will let up..he simply cannot or he will look corrupt. In fact, as I stated, I expect Maliki to file additional charges on Shabibi. This is very unfortunate for our investment, and clearly a setback. The best we can ask for at this point is that Iraq moves forward and gets a skilled man in that position soon. The longer this goes on, the longer it will be before any currency change and raise in value can happen. 11-13-2012 Dinar Guru new member Givaway winner is in! Dinar Guru Community member Aperzynshi5110 won the grand prize and is on her way to being super dinar savvy--She won the Dinar Guru RV vs LOP Special Report...If you too would like to get dinar savvy and grab a copy of your own copy, click the Start Here link at the top of this page...If you're not a Dinar Guru member yet, what are you waiting for? Enter your name and email in the blue box above!
11-12-2012 Newshound Guru Med PARLIAMENT CANNOT SUBMIT DRAFT LAWS ON THEIR OWN ALL LAWS AND AMENDMENTS MUST GO THROUGH THE COUNCIL OF MINISTERS OR THE PRIME MINISTER THEN PARLIAMENT DOES IT'S THING.
11-12-2012 Newshound/Intel Guru BGG Two critical elements are the Federal Courts Law and the Term Limits Law. Once those are sorted out, they can come after Maliki and he will have no defense. Tomorrow should be a very big day in Parliament
11-12-2012 Intel/Newshound Guru Poppy3 [via BGG] Washington D. C. contacts are still standing firm on the December 1st date. So, we are not talking about a long distance date in the future
11-12-2012 Newshound Guru Tlar As far as Shabibi and the removal of the zeros goes, this is a process that he designed and is all but complete. Banks that are to exchange have been picked and armed with counterfiet detector, 10 banks 10 machines. Smalls are being printed and the old smalls never released can be used. Remember it was Shabibi who told the Kurds that he would include their language on the new small currency presently being printed. Maliki could just release what is already there ignoring Shabibis pledge altogether. Education of the people and legislation against gouging is already in place and has been for awhile. Instructions on banks responsibility if they buy counterfiet currency has be established. So it is more than feasible that this could be done by Turkri.
11-12-2012 Newshound Guru Administrator Bob This past weekend two major events occurred... Dr. Shabibi appeared on Skype to defend his actions, and after much outrage the Government rescinded it's previous decision to end the ration card program.
11-12-2012 Intel Guru Okie_Oil_Man FROM WHAT I AM BEING TOLD WE ARE VERY CLOSE TO SEEING OUR DREAM'S FULFILLED---BUT---I HAVE BEEN TOLD THAT BEFORE. I ONLY PRAY THIS TIME THE SCENARIO LAYED OUT BEFORE ME IS TRUE. I WISH I COULD GIVE YOU INTEL DEFINITIVELY BUT I DON'T THINK ANY ONE CAN SAY FOR CERTAINTY WHAT AND WHEN OUR R/V OR C/E WILL OCCUR, BUT FROM WHAT I AM BEING TOLD IT SEEM'S VERY CLOSE.
11-12-2012 Newshound/Intel Guru BGG Article: "SLC MP: Infrastructure, General Amnesty law drafts not to be discussed before holding national meeting" These SLC “power thugs” dream about this being held off until after the elusive “National Meeting”. The way I see it – this is coming whether they like it or not. The Parliament is moving fast doing the people’s business whether these top few “fat cat” politicos like or not.
11-12-2012 Newshound Guru Kaperoni Shabibi is now a dead man if he comes back to Iraq. This is exactly what happened with Hashimi. Maliki will never let the warrant end, in fact, I now expect new charges to surface. Therefore Shabibi can never come back. The one thing he was able to do was expose the modis operandi of Maliki. Will it have an effect? time will tell.
11-12-2012 Newshound Guru Tlar IMHO it will be hard to continue to keep Iraq under Chapter VII from this point on because the only thing left was the issue involving Kuwait. Kuwait knows its time to release Iraq and the Imir has stated he will support Iraq at the UNSC. As far as the Kurds and Bagdad, yes there is and most likely will be a large gap between them and Bagdad. The HCL will silence most of their complaints.
11-12-2012 Newshound Guru Mountainman Another article came out today speaking of introducing new lower denoms this month!! We've been watching this closely for a while now. The plan is to introduce coins and delete the zeros for ease in the market place. There is absolutely no point in doing this unless they were also planning on raising the value. IMO this is the best sign that we could see a RV before January. The CBI spoke of the British company they hired to print and mint the new currency and they are using the excuse "damaged" currency. The truth is the CBI contracted this company long ago for the purpose of introducing new LDs with three Kurdish icons featured on the new currency with three zeros omitted from the denominations and the value raised. This "damaged currency" is just their new cover story. November could be a big month for investors if they stay on track for this target date.
11-12-2012 Intel Guru TerryK [Do you think the Dong will go before the dinar?] I DID LAST WEEK BUT NOW BEING TOLD THEY WILL BOTH GO TOGETHER.
11-12-2012 Newshound/Intel Guru BGG Article: "Kurdistan: All the members of the Legal Committee voted on the demarcation of provincial boundaries" Wow – this is very big news. Parliament appears to be taking the “bull by the horns” and are moving forward at an incredible pace. Once our elections were over and everyone has a handle on the future – they are “moving out” at the quick step.
11-12-2012 Newshound Guru Mike Maliki is trying to get rid of the Ration cards - well they are not too happy with that - he wants to give them money....I think Maliki wants to take it away because of the 25% revenues that might be put on those cards and he doesn't want them to have it - he knows how easy it is to put the revenues on those cards - I believe he wants to make it hard on the people to go get their money - Maliki doesn't want to give anything to the people in my opinion. 11-11-2012 Intel Guru TerryK IM HEARING WE ARE ON TRACK, THINGS STILL LOOKING GOOD. NOTHING HAS CHANGED WE ARE STILL ON TARGET THIS COMING WEEK. TWO MAJOR SPEECHES COMING CHINA AND USA...THE SPEECHES WILL ANNOUNCE THE RV...CHINA SPEECH WILL DO IT, WATCH TUESDAY.
11-11-2012 Newshound/Intel Guru BGG Article: "Najafi threatens strong response to Talabani and Maliki" This is very interesting twist – it looks like further attempts by Maliki to wiggle his way out of a tough spot. However, Najafi seems to be the only guy doing his job...he’s also talking about extending this Parliament session until they get something done. What a novel concept – stay until you actually get something done!!
11-11-2012 Newshound Guru Mike I think they all have a pretty good idea that Maliki has his hands in the cookie jar and they are trying to separate themselves from him as quickly as they can - I think Nujafi has been fooled - I think they all realize they have been fooled... Now what is Maliki trying to do? He is trying to get the people on his side - people do not have a high respect for him at this point in time. Trust me he is starting to feel it from everywhere even from his own people. I know the citizens are getting tired of Maliki and the Window Dressing and I think they get the understanding that he wants to be a dictator and that is not what they want.
11-11-2012 Newshound Guru Med I AM...WONDERING ABOUT SHABIBI. FIRST HE IS ARRIVING, HE HAS THE EVIDENCE, THEN HE IS A NO SHOW. THEN I SEE HIS LAST STATEMENTS OUT OF GENEVA AND I HAVE TO SAY THEY WERE NOT CONVINCING TO ME.
11-11-2012 Newshound/Intel Guru BGG Article: "Najafi chaired a meeting of the heads of blocs to resolve the five laws Off and discuss the ration card" I believe this meeting has happened and they have the agreements in Parliament to get things done. This is a movement of the Parliament members themselves to solve the issues facing Iraq no matter what the big party bosses are doing. It’s about time!!
11-11-2012 Newshound Guru Mike Everybody is entitled to their opinion out there on when and how it will happen - you can argue about free float, managed float whatever...But if the basics of the economy are not set its all for not...that's what you need to look at because once they add value to this you have to get the people to put the money in the banks - the banking system has to work like the Central Banking System is supposed to work.
11-11-2012 Newshound Guru Med WE HAVE PARLIAMENT NOW MOST LIKELY GOING TO PUT TERM LIMITS ON THE PRESIDENCIES BUT MALIKI HAS THREATENED TO GO TO FEDERAL COURT AND HAVE IT REVERSED AS HE SAID HE KNOWS HE CAN. MALIKI IS USING THE CONSTITUTION AS HIS SUPPORT FOR THE FEDERAL COURT TO JUSTIFY THE UNCONSTITUTIONALITY OF THAT LIMIT WHICH TO ME IS BS. IT WOULD ONLY BE IN IRAQ THAT AN ACTUAL CHANGE LIKE THIS WOULD BE CONSIDERED DETRIMENTAL. WHAT IT WOULD DO IS ALL THE POSTURING MALIKI DID AND WILL DO IN THE NEXT YR PLUS TO GAIN CONTROL OF ALL THE COUNTRY WILL COME UP SHORT.
11-11-2012 Newshound/Intel Guru BGG Article quote: "the Iraqi List, post in the government and the House of Representatives, and their absence from the national meeting as announced President Iyad Allawi, will generate an obstacle to success..." This is the SLC making this comment – that Allawi will be the one to blame for no National Meeting until next year. Don’t believe any of it for a second. They have quite a bit of motive for making this claim – no [none?] of which is likely true.
11-10-2012 Intel Guru Blaino IT'S WORTHWHILE TO UNDERSTAND THAT ONCE THIS MARKER HAS BEEN PASSED ON OUR JOURNEY, WE WILL ENTER A TIME WHEN THERE WILL BE LITTLE EXCUSE AND FEW REASONS WHY THE "REVALUATION BALLET" CAN NOT BEGIN. THAT BEGINNING MAY INCLUDE: ISSUANCE OF LOWER DENOMINATIONS, A "FINAL" AND FULL PUBLIC ANNOUNCEMENT OF THE GOI, SOME ADDITIONAL DETAILS ON THE RETIREMENT OF THE "000" NOTES AND EVEN SOME TARRIF ANNOUNCEMENTS. TIME WILL TELL, BUT CLEARLY, TIME IS GETTING SHORT NOW. [post 2 of 2]
11-11-2012 Intel Guru Blaino NATIONAL CONFERENCE THAT WE HAD HOPED WOULD BE A VERY PUBLIC SHOW OF UNITY AND SUPPORT THAT MIGHT TAKE PLACE OVER A BRIEF COUPLE OF DAYS AS MORE OF A "PUBLIC FACE" ON AGREEMENTS THAT HAD BEEN HAMMERED OUT IN A LESS PUBLIC ENVIRONMENT HAS ACTUALLY BEEN LIMPING ALONG AS MEMBERS WALK OUT AND LATER RETURN, POWER PLAYS, STRUGGLES FOR CONTROL, THREATS AND UNDER THE TABLE DEALS...HOWEVER, THEY ARE GETTING "THERE" LITTLE BY LITTLE, INCH BY INCH AND DEAL BY DEAL. THE "PUBLIC FACE" WE EXPECTED MAY YET DEVELOP. [post 1 of 2....stay tuned] 11-10-2012 Intel Guru Bluwolf ALL AGENDAS HOLDING BACK THIS THING IS NO MORE, THE WORLD NEED OF THIS EVENT COMING FORTH IS NOW A REALITY FOR ALL GOVERNMENTS INVOLVE AND THE PRESSURE TO GET THINGS DONE IS NOW A MANDATE AND NOT A SUGGESTION BY NO MEANS. NOW IS THE WORD TO BE RECON WITH FOLKS, DON'T EXPECT ANY ANNOUNCEMENTS OR SHOWS FOR IT IS OF A SILENT KIND AND YOU WILL RECEIVE IT VERY SILENTLY LIKE A THIEF IN THE SILENCE OF THE NIGHT. [post 3 of 3]
11-10-2012 Intel Guru Bluwolf IMHO I SEE NO OBSTACLES IN THE WAY OF THIS OUTCOMING INTERNATIONAL RELEASE OF CURRENCIES, THE ROAD SEEMS CLEAR AND THE VALUE OF THE IQD AS WELL AS THE VALUE OF THE VND SHOULD BE CONSIDER A VERY HIGH VALUE CURRENCY EVENT, MANY WILL BE SURPRISE WHEN THE EVENT TRANSPIRES AND YES IN THE NOW SENSE. [post 2 of 3....stay tuned]
11-10-2012 Intel Guru Bluwolf A CERTAIN PM GOT A ENCOURAGING INTERNATIONAL CALL TO GET THIS RV OUT AND YES IN THE NOW SENSE. THE DONG HAS BEEN CLEARED FOR IT TO RV BY THE WORLD POWERS THAT BE, BUT IMO VIETNAM WILL WAIT FOR THE IQD TO RV FOR IT [VND] TO COME OUT STRONG SO IT COULD MAINTAIN IT'S FULL VALUE IN THE CURRENCY MARKET. [post 1 of 3....stay tuned]
11-10-2012 Intel Guru Bulldog75 [IYHO will the dong and IQD still be going together?] NO ONE KNOWS. I WOULD VENTURE TO SAY 80/20 YES THEY WILL BE TOGETHER. UNDERSTAND; THE WORLD FINANCES ARE IN CHAOS. BREACH OF TRUST, THEFT BY GOVT OFFICIALS, UNIONS, TREASON ETC. THIS STILL REMAINS A GOOD GUYS VS. BAD GUYS SITUATION. THE FOXES ARE STILL GUARDING THE HEN HOUSES. THE GOOD FORCES WILL EVENTUALLY WIN THIS BATTLE. WE WAIT. CE [CURRENCY EXCHANGE] WILL HAPPEN EVENTUALLY AND PROB MUCH SOONER THAN LATER.
11-10-2012 Newshound Guru Phoenix3333 Article: "Parliamentary: the House of Representatives will not disrupt the middle of this month until the vote on the budget." Iraq Will Not Leave For Vacation Until Vote On The Budget (Holiday begins November 14th, ends December 14th).
11-10-2012 Newshound Guru Mountainman Just a reminder to everyone, Saleh said last month that in November they would begin to replace "damaged currency" with new lower denoms, even though that's just 1% of the Iraqi currency used. In actuality, it's far less of a percentage because the USD is used for transactions in the market place. So, here we are in November. Keep an eye on the CBI and a release of new 250 and 1000 dinars. You would think the higher notes that get used more would have a great need to be replaced for damage. Makes me wonder if this is a cover for a rate change and LD [lower denom] release in Nov, which is only 2 months longer than the original plan. Iraq absolutely will revalue their currency and they will also be removed from Chp7. Don't give up on 2012 yet. This could still very well be our year!!
11-10-2012 Newshound Guru Mike Article: "Claims the exit of Iraq from Chapter VII" I think to date this is the strongest article we have seen that tells us that there is a direction the US wants to go and they are willing to get them out of Chapter 7 - Chapter 7 is directly tied to the formation of their government - so basically what this article says is form your government and you are out of Chapter 7 - We are also going to enforce the Strategic Framework Agreement we have for your government and move things along - remember there is a plan.
11-10-2012 Intel/Newshound Guru Poppy3 VN JUST ANNOUNCED THEIR GROWTH AND INCREASE IN WEALTH AT A RECORD SETTING PACE AND THEY ARE GROWING AND MORE STABLE THAN THE USD ?? THATS GOING TO BE GOOD WHEN THEY RV.
11-9-2012 Intel Guru TerryK Now for other things: 1. The State Bank of Vietnam website has been down all morning. This has never happened before. 2. The VND technical pages have been down off and on all week. When they go down it stays down for hours. 3. Trading has been frozen at least three days this week on both FX And Netdania. Right now Netdania is showing 0 change for past 12 hours. Same for IDR. 4. Wednesday night .76 showed up on Todd's [?] screen for one hour. 5. Others have seen rates pop up this week...So, maybe we might see them go first ahead of the Dinar by a few days. Just pondering. HEARING THE DONG MAY GO AS SOON AS THIS WEEKEND. [post 2 of 2]
11-9-2012 Intel Guru TerryK While everyone keeps eyes fixed on Iraq we have been following things in Vietnam. I think we can use Vietnam as a real RV gage. One main reason is we don't see misleading and untruthful information coming out unlike what we see from Iraq. So here goes what we see at this time: 1. We know they are to re-value as part of five basket currencies. 2. Sent articles describing all of their natural resources and why they can support $1.00 and up to $2.00 in a revaluation. 3. They have settled with France on a rate for repayment. 4. The IMF & WTO have spent weeks in Saigon with The State Bank of Vietnam preparing them for full membership in 2013. 5. It has been circulating the IMF has given them green light to go ahead with RV. 6. They have been getting their economy and banking systems lined up and ready. 7. They've been doing big business with Russia, Israel, China and France. 8. Their government is very stable. [post 1 of 2....stay tuned]
11-9-2012 Newshound Guru Administrator Bob Economics seems to be this week’s theme. It seems everyone got into the act this week from the IMF to the Central Bank of Iraq. Maliki cancelled the ration program effect March 1st, 2013 and public outcry ensued.
11-9-2012 Newshound Guru Mike Lots going on - Parliament is trying to take control over what they have control over, they are trying to do things constitutionally...they are taking full advantage of this and passing laws and passing the Commissions...and Maliki is just having a fit about it. Today one of the things that happened which was very interesting was... they passed the regulation to allow Iraq to have international banking...so folks, important things are getting passed - don't think that things are not getting passed during this time when Shabibi is not there - They had 217 show up to Parliament today in the House and they are feverishly passing things at this point in time that are affecting how this government is going to operate in the future.
11-9-2012 Intel/Newshound Guru Poppy3 Parliament has been called beck in session today instead of next week like first reported. That should mean they are going to vote on some things and move forward. SHABIBI SAYS HE CAN CLEAR HIS NAME IF THEY EVER CAN GET THE JUDICIARY TOGETHER FOR HIM TO TESTIFY AND PROVE HIS INNOCENCE ??
11-9-2012 Newshound Guru LoriC The latest word is the National Meeting will be held at the beginning of next week. However, Allawi and the List say they will be a no-show again because they are tired of hearing promises and dialogue that is just for show. Maliki must implement the power sharing government that was agreed upon years ago. For this to be a successful National Meeting the Erbil agreement must be put into action. IMHO, they would not be holding another National Meeting unless there was already an agreement. Talabani has been working on the reform paper since his return and this meeting next week just could be the start of the end of the political crisis. We'll just have to wait and see.
11-9-2012 Newshound Guru Mike Article: "The Washington Post: Blair says that the Iraqi economy is prosperous and calls for British companies to invest" I like this article because it tells you about the value that is there - he talks about getting British companies to invest in Iraq. Great article...telling us how the economic situation is great except for the political situation - things are going well over there...the direction it is going if you ask me it is very positive - we are seeing VERY VERY POSITIVE THINGS across the scale here as far as how much growth is going to happen in the future - the oil, etc...be patient - don't think it is going to happen tomorrow - if it does BE HAPPY - there is always that possibility because there is a lot in place - I really feel they need to get their government in place and that there is a lot going on behind the scenes to help that happen.
11-9-2012 Newshound Guru Mountainman the first of the year is the GOI's target to drop the three zero's and I don't see anything stopping that...Certainly will be an interesting start to the new year. Shabs will survive as head of the CBI...who could possibly replace him?
11-9-12 Newshound Guru Phoenix3333 Oil-rich Iraq becomes World Bank target for contributions. Article quote: "With its oil output expected to continue to rise, Iraq has become the World Bank’s target for financial contribution. Deputy head of Iraq’s Central Bank said last week that the World Bank asked Iraq to become a donor state by 2014. But with the myriad challenges facing a country ravaged by years of war, Iraq is likely still far from being able to help others. Iraq will be capable to be a donor country when its oil output rises."
11-9-2012 Intel Guru Hammerman Very little intel, it is calm & quiet. In 19 days I have had only 3 Middle East phone calls. I hope this is a good thing. I still believe we don't have a chance until the 15th - 17th on up until Thanksgiving. I am hearing that if we don't see the RV by Thanksgiving, we will not see it until mid February, is this true I don't know.
11-9-2012 Intel Guru Blaino THE WARRANTS AND CHARGES PENDING AND NOW CANCELLED AGAINST CBI GOVERNOR SHABIBI MAY HAVE BEEN A VERY CONVIENIENT SHAM TO ARREST SPECULATION REGARDING THE REVAL OF THE IQD AND TERMINATE ANY THOUGHTS OF THE RV HAPPENING IN THE RUNUP TO THE US ELECTION. NOW THAT THE ELECTION IS ENDED...WE SUDDENLY SEE THE CHARGES AND SPECIFICATIONS AGAINST SHABIBI DROPPED AND MOVEMENT OF SEVERAL MARKERS TOWARD COMPLETION. THERE MAY BE A FAR BETTER ENVIRONMENT FOR THE RV AT THIS TIME AND UP TILL THE 17TH (PER INTEL)... I EXPECT TO HAVE AN ANNOUNCEMENT RE: THE RV AND THE RATE BEFORE IT BECOMES PUBLIC KNOWLEDGE...
11-8-2012 Intel Guru Footforward Not a lot of new intel. I don't think the election has any affect on the timing of the RV. It's irrelevant who is in office. It will still go forward. I am still looking for this anytime and in terms of intel, this should happen in the next few days. Whatever is going on with Shabibi is irrelevant to the RV. He doesn't need to be there. There is nothing left to do on the Iraq side. If Maliki was really an issue he would be taken out, there would be a vote of no confidence. Maliki is not the problem. To think that Iraq controls every single bit of the RV at this point is just asinine. There is a plan to rejuvenate the world economy. This is about control of the entire world. Things are coming out that make me very hopeful. I think everything is lined up and ready to go.
11-8-2012 Newshound Guru Mike Article: "Vice chest: the blocks that voted on the Electoral Commission would be passed amnesty law" Sounds like the passed the Amnesty law and Maliki does not like it and they passed the Electoral Commission. The Amnesty Law was big for the Sadrists...What they are really calling for is the deletion of His Council of Ministers and have that reformed which puts the President and gives most of the control to the President...they are basically trying to put Talabani in charge...thru a Constitutional type of thing...that is where the power will lie to sign the laws - THIS IS ALL GOOD FOR US FOLKS....we want these things moving - we want Maliki on his feet and we want him DONE.
11-8-2012 Newshound/Intel Guru BGG For those who say it's out of Iraq's hands, they are kidding themselves. Iraq has a big hand in what goes on. Does Iraq control everything? No. Is it exclusively out of Iraq's hands & in someone elses hands, pure foolishness. Are there are 10 or 12 power players bumping heads to see if they can get their way? Absolutely. There are several influences on the outside & several on the inside. There is a real serious power struggle going on. Theoretically, Maliki could come to the table, sign everything, get the power sharing done, seat the ministers and all that could get done in 48 hours. I fully expect all this to work out. [post 2 of 2]
11-8-2012 Newshound/Intel Guru BGG Shabibi is to be back there today to defend himself. He has all of the paperwork to clear himself. A few years ago, someone attacked the CBI and the only thing they did was set the records on fire. What does that tell you? Someone had something to cover up, same deal right now. What leads me to believe that this is a fabulous investment is Maliki trying to take over the CBI and the currency & he tried to have it revalued. You don't try to steal something unless it has value. [post 1 of 2....stay tuned]
11-8-2012 Newshound Guru LoriC Article quote: "Political crisis and its impact on the local economy. The implications of political decisions and conditions prevailing are quite clear on the economy negatively, explaining that politics and economics are two sides of the same coin..." I believe Iraq has been ready to go from an economic standpoint for quite some time but they need a power sharing government completed first. They can't risk the projects success. Politics and economics are related, can't separate the two. First Iraq will resolve some key political issues, then they will be able to move forward economically.
11-8-2012 Newshound Guru Administrator Bob Several articles are beginning to surface that Dr. Shabibi is returning to Baghdad today.
11-8-2012 Intel/Newshound Guru Poppy3 On the dinar front, things are moving forward. I am excited about the possibilities going on there. There is a lot if misinformation out there but nobody is in charge of Iraq but Iraq. It's going to stay that way until they get ready & in alignment. In January the lower denoms will be distributed & they have no need to put those out unless we have a revaluation prior to that. I am highly confident in this investment. We are still in great shape, I'm still excited about this happening & I think it's going to happen sooner rather than later. So hold on to your hats. [post 2 of 2]
11-8-2012 Intel/Newshound Guru Poppy3 I talked to the International Banker about the Vietnam Dong & they want to do the revaluation, they are being pushed to do the revaluation by China, but if they wait until the dinar goes, they can go at a higher rate, which is in our favor. They will wait as long as they can & not let inflation get too high. They have gotten permission from the IMF to go on their own if they want to. [post 1 of 2....stay tuned]
11-8-2012 Newshound Guru Mike Article: "Maliki: No consensus on a majority government within the National Alliance and Sadr opposed" Allawi and his party have been very quiet and now they are starting to demand the formation of this political bloc...they want Erbil implemented and this political body to be taken care of and done...its one of their demands...this is the strongest case that Allawi has made for bringing him [Maliki] to Parliament...he basically says you failed to try to form to a government and even if you try to form your own govt that constitutionally it is not right - he tells him straight up you would have to resign ...it looks like Allawi is about to make his move - I think they have a really good idea this situation is going to get more favorable in the coming days and I honestly believe they probably will. [post 2 of 2]
11-8-2012 Newshound Guru Mike Maliki is trying like heck to circumvent everybody - he wants to get Chapter 7 taken care of - he doesn't want his government formed so what he tried to do in lieu of having any reform papers is to form a new majority govt which would keep him in power - He is failing miserably at that - Its NOT happening - ITS NOT GOING TO HAPPEN - nobody wants it - nobody wants to do it - now all of a sudden he has pressure from all over him because he has failed to do that - now its almost like a shark frenzy coming out - they are starting to see weakness and as they start to see this weakness they are going to start attacking... [post 1 of 2....stay tuned]
11-8-2012 Newshound Guru Mountainman Yet another article this morning about lifting Iraq's Chapter 7 sanctions. The Kuwaiti Foreign Minister said that this year will mark the end of the outstanding problems with Iraq. If this isn't a clear sign of progress, I don't know what is. We've seen complete international support for their Chp7 removal (UN, Russia, US, China, Kuwait etc.). It kinda makes you wonder what could be the holdup. A tradeable currency perhaps? I wouldn't doubt for a second that these sanctions remain held over Iraq's head for that reason alone at this stage.
11-8-2012 Intel Guru Blaino ON THINGS RV RELATED, WE ARE STILL WAITING FOR SOME ISSUES TO CLARIFY IN ORDER TO FIND A PATHWAY TO REVALUATION. WE NEED A DAY OR TWO TO SEE THE EFFECTS OF THE ELECTION AND THE IMPACT ON MATTERS FINANCIAL BEFORE WE CAN ISSUE ANY FINDINGS FOR THE SHORT TERM. MORE AS IT COMES AVAILABLE. LATER
11-8-2012 Newshound Guru Mike We have the utmost confidence when the Shabinator returns he will have a very very very powerful case that he was taken out for political reasons versus monetary reasons... I have a strong feeling he is going to come back and finish what he started - I do know this if he comes back HE WILL BE THE MOST POWERFUL MAN IN IRAQ.....He will be untouchable at that point – He will have a Solid Central Bank of Iraq and he should be able to get just about anything he wants. Things have been at kinda of standstill but we are seeing movement finally...moving at a quick pace behind the scenes. [post 2 of 2]
11-8-2012 Newshound Guru Mike You have to remember...You have things that were going on before Shabibi was there and supposedly he was dealing with it and if you look at the auctions you can see the differences in the auctions each day - certain amount of money that is no longer moving out and into banks ..so one of two things happened - the banks are deciding not to participate because they do not want to kill the economy or kill the exchange rate and/or the banks that were stealing have decided to back out. I think when Shabibi comes back and starts to defend himself we will see things... Remember IF he is NOT found guilty he will be put back in... I think when Shabibi comes back he will come back with all of his guns loaded - he always does really really well defending himself...I think the walls are starting to come down all around Maliki. [post 1 of 2...stay tuned]
11-8-2012 Intel Guru TerryK Got a phone call from one of sources ask me to not spread this information - there is a chance our blessing could come in the next few days. The dong last night in the wee hours of the morning showed 78 cents for about an hour. Saw a letter that says they want to get back to where it was. I heard we are looking at a $2 + rate on the dong. Dong years ago was at $2.22. Shabibi is retired, he is gone, etc. M [Maliki] is trying to position himself to receive everything - bank, military, country.
11-7-2012 Intel Guru Bluwolf As of early this morning all is clear for a double digit rv. There is no negative news or issues coming out of Iraq...nothing negative is in the scenario for the near future.
11-7-2012 Intel Guru Jonnywg it is apparent that the information supplied to many Intel providers has being a planned misinformation campaign for the best part of the last 6 months by the PTB. This event that is about to happen is truly a blessing. It is truly an event that will change the lives of many.
11-7-2012 Newshound Guru LoriC The World Bank said that they are looking to "implement projects in Iraq and use their country as a model for attracting investments in Iraq." I love that quote. We've also heard the IMF say that Iraq is a country that because of their wealth and natural resources have not been affected by the global economic crisis and will be a useful tool for rebuilding the world economy. It's definitely taking longer than we thought it would but they also can't risk this project falling apart either. It's not just about the initial RV, which of course Iraq could justify. It's also about maintaining that level. I think this was part of a ten year plan from the beginning and that's where we are at. So, go RV!!
11-7-2012 Newshound Guru Bondlady so does maliki want a rv? or to make the dinar strong? does he? look at what he's tried to do and what he has done to bring iraq to this point and [in?] time, he has tried to give the people a better life. i believe he does want a rv and it will finish off his history making him the golden child in history, the golden boy who brought them out of war and gave them a life...so yeah again i think he does want a rv, ri ,whatever, a float i dunno, but i believe were at the door of it so hang in there.
11-7-2012 Newshound Guru Med IN MY OPINION, WHO IS THE US PRESIDENT RIGHT NOW FOR OUR INVESTMENT MEANS NOTHING. IT IS RIGHT NOW IN THE HANDS OF THE IRAQI'S AND POSSIBLY HOW SHABIBI DEFENDS HIMSELF NEXT WEEK WHEN HE RETURNS. ONE PLUS NOW FOR US IS THIS MAN, TUKRI, WHO WAS ONLY SUPPOSE TO BE INTERIM IS NOT GOING TO BE REPLACED AND IT IS BECAUSE THE IRAQI LIST AND KURDS TRUST HIM. APPARENTLY HE IS NOT A MALIKI "YES" MAN SO MALIKI HAS DECIDED FOR NOW IT IS BETTER TO KEEP HIM SO HE DOESNT HAVE ANOTHER BATTLE ON HIS HANDS. HE IS LOSING SUPPORT.
11-7-2012 Newshound Guru Vic1 I HAVE THIS VERY STRONG FEELING THAT MR. ALLAWI GAVE US A OPTIMAL EAGLE- EYE VIEW WHEN HE SAID MUCH WILL BE CONDUCTED LAST MONTH! HE SAID THE USA IS IN AN ELECTION PROCESS, AND ONCE COMPLETE WILL HAVE MUCH COMPLETION! REMEMBER [LE GARDE] WORKS FOR THE U.N., WITH BAN KI MOON AT THE TOP...HE EVEN REMINDED IRAQ...TO HURRY AND COMPLETE ALL MONETARY ISSUES WITH KUWAIT! GET OUT OF CHAPTER 7... THE LAST THINGS NEEDED WAS THE BORDER MARKINGS...I BELIEVE THAT IS ALSO COMPLETED! GET YOUR PLANS READY.
11-7-2012 Newshound Guru Mailman17 I AM VERY UPSET AT SHABS PERDICAMENT. TO BE HONEST...I DID NOT SEE THIS ONE COMING. IT WILL NOT EFFECT THE RV BUT I HATE TO THINK THE MASTERMIND OF IRAQS COMING OUT PARTY WILL BE HELD LIABLE AND ACCUSED. FROM WHAT I HAVE READ WHETHER HE'S THERE OR NOT, IT WILL COME DOWN...I STILL THINK THIS IS COMING BY JAN 1 NO MATTER WHO'S IN JAIL. FOCUS ON THE BACKDROP REPLACING THE 250 AND 1000 NOTES, BUDGET, KUWAIT, HCL ...ALL PUSHING TO GET DONE BY JAN 1.
11-7-2012 Newshound Guru Kaperoni I know without Maliki in power, this event would have been over. That if Iraq had someone in that office that cared about the people, believed in democracy, and worked with the other Iraqi political blocks, Dr. Shabibi could have impacted not only the future of many Iraqis, but the worlds economic problems. I am angry because this was not just wishful thinking, but a reality so close it was within reach. Each and every one of us should know just how close we were to having our lives changed. The question is, where do we go from here? The issues at the CBI are a major setback, clearly deliberate, how effective they are? only time will tell. [post 3 of 3]
11-7-2012 Newshound Guru Kaperoni Personally, I am saddened that we were so close, to be within a push of the button and the rate would have begun to rise. To then be sitting back and watching our investment gain value rather than this continued search for reasons as to why it has not happened yet? To think the arrest of 20 or so CBI employees now sitting in a Maliki jail will not impact our investment is foolish…It will. To think that the railroading (up the Nile) of Dr. Shabibi will not effect this investment is also foolish…It will. [post 2 of 3....stay tuned]
11-7-2012 Newshound Guru Kaperoni I can say with absolute certainty (based on factual docs) that this event was to occur this past spring of 2012. There was no LOP, but a gradual rise in value to equal the US dollar...the plan was not an overnight revaluation. But a gradual rise in value of the dinar to equal the dollar (float). 1 dinar to $1 USD or about. ...Dr. Shabibi’s intentions were good. Unfortunately, it also confirms that Maliki does not want this to occur. When you put the kind of time into this investment...it is very frustrating to say the least when the finish line was literally in front of us. When our goal as investors was within arms reach only to have Prime Minister Maliki take that from us. [post 1 of 3....stay tuned]
11-7-2012 Newshound Guru SWFloridaGuy Iraq is moving forward IMO but they sure do it at their own pace...I do think that Iraq will become a leader in the region. Eventually, international pressure and corporate investment will appeal to the politicians sense of greed, which makes an economic recovery most likely inevitable. [post 2 of 2]
11-7-2012 Newshound Guru SWFloridaGuy Well, we waited for the House of Representatives to reconvene after yet another holiday. They were forced to disband after only 30 minutes for a lack of quorum. You'd think with so many important items on the docket (CBI policy etc.), deputies would show up for work. Attendance is such a huge problem in parliament that they were actually forced to institute a penalty system. Unfortunately, that system is corrupt also. There are plenty of loopholes...and they are rarely penalized for not showing up for work because of this. [post 1 of 2....stay tuned]
11-7-2012 Newshound/Intel Guru BGG Article: "Breaking News — The legal committee votes to limit the mandate of the three presidencies". very BIG NEWS. They will limit the damage Maliki can do by limiting his tenure to 2 terms. This is the beginning of the “defeathering” process.
11-7-2012 Newshound Guru Adam Montana now, this could be a VERY good thing for us, even better than if Mitt Romney was elected. For one, Obama has had time to make connections and have the discussions with the people who matter in the Middle East...this is something Romney would not have had time to do, being busy campaigning...again - like it or not, Republican or Democrat, the fact remains that Obama has had more time shaking hands with foreign diplomats and it makes sense that things could happen much faster now. So with all that said... it's my opinion that the next couple days will be quiet in foreign news, and if it stays relatively quiet in domestic news... then we could be looking at some positive movement! [post 2 of 2]
11-7-2012 Newshound Guru Adam Montana I firmly believed (and stated) that nothing would get done during the heat of that battle, and again I'll say that I don't expect anything to happen today or tomorrow either... there is a "watch and see" period happening right now as in, the rest of the world is going to watch and see what Obama is going to do immediately now that he has taken his second term. I know I'm not the only one that understands this...but now that Obama has no re-election to worry about or hold him back, we can expect to see some drastic movements on his part. [post 1 of 2....stay tuned]
11-7-2012 Newshound Guru Med WHAT ARE THE CHANCES OF IT RV'ING IN JAN.? SLIM. GONNA BE HONEST. NOW UNLESS I SEE SOME OTHER INFO AFTER THEY RETURN TO PARLIAMENT AT THIS POINT I DONT SEE IT HAPPENING. I THINK THAT JULY IS THE EARLIEST. I WANT TO SEE WHAT KIND OF PRESSURE COMES FROM THE IMF AND WORLD BANK. DONT EVEN THINK THE WTO HAS ANY IMPACT. I HOPE I AM WRONG. I AM GOING BY A COUPLE THINGS. FIRST THAT THEY WANT THIS DONE, ALL SIDES DO. IT WAS PURPOSELY DELAYED FOR ONE REASON BY THE GOI, TO RID CBI OF SHABIBI, FOR NO OTHER REASON. THAT IS WHY IT WAS DELAYED AND THINK ABOUT THIS, THE DELAY DIDNT HURT ANY GOVT WORKER. WHY? CUZ THEY ARE PAID FOR WITH OIL REVENUES, WHICH IS THE PETROL DOLLAR.
11-7-2012 Intel Guru Footforward Where are we in the process? We are just waiting for the last few pieces to be put in place so we can cash out safely, so the economy doesn't fall apart after we cash out. The GOI has no say in the CBI. Maliki is not the problem, Shabibi is not the problem. Maliki & Shabibi have both been placed in their positions of power for a reason. Ignore everything coming out of Iraq. Iraq is not in control. Iraq wants a powerful currency, a strong currency, one that is recognized internationally. At the end of the day, they all want to RV their currency. We are at the precipice of this thing going, now is the time. The rate is going to be good & cash out will be easy.
11-7-2012 Intel Guru FreewayBill We are on the brink of something very wonderful! Our journey seems to be at the end and our Blessing is upon us.
11-7-2012 Intel/Newshound Guru Poppy3 dinar news is looking very positive, actions are showing they are priming for success. Dr shabibi appears to be ready for his fight and he is sounding off about maliki and standing his ground. Parliment now saying they will reconvene thursday instead of next week. kuwait saying all is well between them and iraq and they are ready to release chapt. 7 and so is russia? Judges also preparing to hear dr shabibi. Like i said peeps things are looking goood for all of us.
11-6-2012 Newshound Guru Mailman17 I SEE SHABS WILL BE BACK TO CLEAR HIS NAME...ALSO SEE THE BUDGET AND 2012 FINAL ACCOUNTS HITTING PARLIAMENT AS WELL. THE INTERESTING PART OF THIS IS A LITTLE TIDBIT I READ FROM AN OUTSIDE SOURCE SAYING MALIKI BETTER WATCH OUT WHEN THEY CONVENE FOR THAT NATIONAL CONF. I STILL THINK THIS WILL COME DOWN BY JAN 1 JMVHO. I STILL THINK IT WAS A BATTLE OF JUST HOW THE DINAR CAME OUT AND ON WHOSE TERMS. THE FACT THAT IT WILL HAPPEN IS NOT A FACTOR, ITS WHO HAS CONTROL OVER THE RATE...
11-6-2012 Intel Guru BellaGrits Bottomline…The Iraqi Dinar Investment is REAL...and you all who have managed to courageously endure the pains that have come with this investment….mentally, physically, and emotionally…you will be greatly rewarded. If you ever thought of giving up, that is absolutely not an option…This entire investment is far greater and far more complicated than you or I will ever know. Further, many other Intel Providers are working tirelessly 24/7 in the background…silently gathering 100’s of puzzle pieces in many places. I know you would prefer me to post direct intel. Unfortunately, I can’t and won’t jeopardize our situation today….this is simply my way of letting you know things are happening, events are unfolding as I type…and many things had to occur for our own benefit. Please know I am one of those in the background with many others gathering intel and patiently waiting for our time to contribute to one of the greatest events to ever happen in our lifetime.
11-6-2012 Newshound Guru Med DOES THE NON RETURN OF SHABIBI HURT THE DELETION OF ZERO'S? NO. IF THE DELETION OF ZERO'S WAS ONLY DEPENDENT ON ONE MAN THEN IT WOULD NEVER HAVE SUCCEEDED. IS IT BAD FOR A MEMBER OF THE NATIONAL ALLIANCE TO BE PUT IN AS GOV? HELL YES. WHY? CUZ I BELIEVE THAT THAT PERSON WILL VIOLATE THE CONSTITUTION AND BORROW MONEY OUT TO MALIKI WHICH IS AGAINST THE CONSTITUTION. ONLY SHABIBI WAS STRONG ENOUGH TO KEEP MALIKI'S HANDS OFF THE MONEY.
11-6-2012 Intel/Newshound Guru Poppy3 1) The three Presidencies will meet to arrange the final agreements and plan for the National Meeting. 2) Maliki meets with Najafi and agrees to cooperate with Parliament (does not sound like a “Majority Government” to me) seemingly under duress. 3) Najafi takes the lead in oversight of the oversight committee (as it relates to the CBI) and leads the way on corruption investigations in general. Sounds like they are chipping away at Maliki’s power grab...PAY ATTENTION TO THE WAY THEY PLAY NOW THAT THEY ARE ALL GETTING IN THE SAND BOX TOGETHER.
11-6-2012 Newshound/Intel Guru BGG The real story is – Maliki wants the value of the Dinar to rise without having to give up any power. Kind of ironic – huh??
11-6-2012 Newshound Guru Kaperoni We know contracts were signed mid Sept to float the dinar. That is the direction this is going. They would never have spent 2 years at various times collecting the larger 3 zero notes if they were going to LOP. They simply could have collected them as then came in.
11-5-2012 Newshound Guru Tlar Parliament either reasserts its constitutional rights immediately when they return or they might as well learn to curtsey and bow in Maliki's presence. I think they know this. If they don't fight for their rights and they let Maliki run roughshod over the constitution, then Iraq will become a one man show. Tuesday could be a big day. [post 2 of 2]
11-6-2012 Newshound Guru Tlar The parliament meets next Tuesday. Their first order of business will not be to defend Shabibi but rather to defend its own constitutional rights. Parliament is endowed with many rights one of which is to make decisions on who or how the CBI operates. It is their right to decide who will run the CBI and it is their right to remove a govenor when he is not performing his expected duties. It looks as though they are tired of Maliki using the constitution as a proof source only when it benifits him and as a doormat when it does not. Brace yourselfs. I see a major lot of news coming out Iraq concerning their constitution starting on Tuesday. [post 1 of 2....stay tuned]
11-5-2012 Newshound Guru BondLady parliament meets tuesday to discuss the cbi events and monetary policy...need to wait and see that outcome...
11-5-2012 Intel Guru TerryK HEARING SOME STUFF THAT MAY DELIVER THIS IN OUR HANDS THIS WEEK, LATE IN THE WEEK. ONE RUMOR I GOT IS THAT THIS MAY GO DOWN DURING THE ELECTION RESULTS TOMORROW NIGHT, ANOTHER SAID THURSDAY. I SAY LETS GETTER DONE. OK ALL, WATCH TOMORROW NIGHT...
11-5-2012 Newshound/Intel Guru BGG They are going to start chipping away at Maliki's power base. He is after a 3rd term, looking for a way to stay. They are going to put term limits on the Prime Ministership. They are going to amend their constitution to reflect this. There is a high probability that Shabibi will be put back into his position. But, let's look at this as clinical investors. We would like Shabibi to be put back in place and we know Maliki wants to RV the currency. We know he has tried to pull the trigger a few weeks ago. If he finds a legitimate candidate for Shabibi's position, they could RV rather quickly.
11-5-2012 Newshound Guru Phoenix3333 Tomorrow Parliament resumes its sessions to read the amendment of the law the State Council and discuss the policy of the CBI.
11-5-2012 Intel/Newshound Guru Poppy3 Studying this for as long as I have, IMO, I feel like we have to get Shabibi back into his position. I don't think the IMF, the World Bank, etc. will accept the "goons" he is attempting to put into his position. What does the IMF, the World Bank, etc. have to do with Iraq RV'ing? They have to work with Iraq in setting the rate. They can't tell Iraq when to RV their money or force them, but it does have to go through their rules and regulations. Dr. Shabibi was approved for that position and he has been put on the sidelines on the bench by Maliki. I want him at bat. Some think that right after our election tomorrow, that we will see the RV on the 7th, it is not going to happen, I don't see it, but I hope I am the one that is wrong.
11-5-2012 Newshound Guru LoriC [new guru] The news continues to be outstanding. The United Nations, U.S., Tony Blair, Fox News etc., all reporting that Iraq's economy is thriving and they are also being praised for their efforts with Kuwait and should be released from Chapter 7 very soon. Kuwait is investing their new reparations back into Iraq, what's that tell you? This is not the first time either, they did the same thing last year. Even the country Iraq invaded knows they are a good investment, the whole world does and is putting their money where their mouth is. Iraq has been put on the fast track to recovery and despite the fight for control over their Central Bank they have stronger international support than ever before. This should be over by January at the latest IMHO.
11-5-2012 Newshound Guru SWFloridaGuy Tony Blair...urges British companies to step up their investment in Iraq and take advantage of the "ENORMOUS OPPORTUNITY" presented by the country's reconstruction efforts.
11-5-2012 Newshound Guru Mountainman Parliament Energy announced that the HCL will be presented to the House of Representatives for a vote in the next few days which is great news for Iraq and us if they get this resolved finally. The committees in the region and Baghdad came up with recommendations and submitted to the CoM and claim that all outstanding matters have been agreed to and this allows the province to export 20 thousand barrels per day. Parliament resumes session tomorrow, let's see if they adopt this law and the committees recommendations like they are promising to.
11- 5-2012 Newshound Guru 8Ball Article: "A forthcoming meeting of the three presidencies to discuss the current political crisis and the search in the possibility of holding a national meeting" quote: "the national meeting which was supposed to take place a few weeks ago explaining that the date of the meeting is very close" [It wouldn't surprise me if this is the natl meeting???] Would be nice...could be a BIG week.
11-5-2012 Newshound Guru Tlar Shabs did a great job and has laid the groundwork for an RV. So as we hear the auctions were leaking USD to bad people or corrupt people, keep in mind that Shabibi's goal was to pull in as much dinar before an RV as possible. I still say if there was corruption it was from employees of the CBI and from outside sources unrelated to the CBI. Either way it was a good thing for the bank, not a bad thing. I just hope Shabibi someday will get the recognition in Iraq that he deserves...
11-5-2012 Newshound/Intel Guru BGG Article: "State law confirms that the contents of the letter blackmail and the deadline for the lifting of confidence from the Maliki does not mean…" This headline alludes to some kind of “proof” coming out against Maliki.
11-4-2012 Intel Guru BWM still on a thought process that we have a small time period before I start looking at first of the year... I think Tuesday will at least put us on an answer page we can begin determining some ideas on. I know it WILL happen...I just don't want to worry about "having" to have it happen asn.
11-4-2012 Intel Guru TerryK I HAVE SOME NEWS ALL BUT I HAVE TO BE REALLY CAREFUL WHAT I PUT OUT. FIRST IM BACK IN HOUSTON. I WAS TOLD YESTERDAY BY A LARGE SOURCE NOT TO WASTE MY TIME AND ENERGY TO FLY TO HOUSTON. ITS THAT CLOSE. I WILL SAY THIS, BLAINO IS NOT THAT FAR OFF TARGET. I DONT KNOW HIS SOURCE BUT HE IS REAL CLOSE. SO WHEN HE SAYS DEFCON 5, I WOULD SAY DAMN CLOSE.
11-4-2012 Newshound/Intel Guru BGG "Headline – Demanding Iraqi National Alliance to provide an alternative for al-Maliki after the expiration of 15 days…" Late breaking headline – WOW!! I would take the [this ?] to read – National Meeting in two weeks or less. If not – your guy is history. You might want to work on a replacement.
11-4-2012 Newshound Guru Tlar The second constitutional issue will be who...has the right to choose the Security Ministries. We know that it is parliament but at present Maliki has step over his powers. We will see parliament come together to reverse this. Whether or not parliament will recapture their constitutional powers, we will see. I might add that Maliki still cannot silence the opposition which in IMHO ultimately will finish him off. Parliament for the first time will challenge Maliki on it's constitutional rights even though Maliki has busted the constitution before. [post 2 of 2]
11-4-2012 Newshound Guru Tlar I suspect when parliament reconvenes this week they will delve deeply into constitutional issues. The first issue will be to determine per the constitution who controls the CBI and is it independent. This is of great concern to many MP's because Maliki usurped parliaments power here and if left to stand is of great concern to the international community. [post 1 of 2....stay tuned]
11-4-2012 Newshound Guru Kaperoni This...quote is great as it puts in clarity the purpose of CBIs reserves. Article Quote…“Noteworthy that the Iraqi Central Bank announced (11 August 2012), the high reserves of hard currency to $67 billion, confirming that these reserves are the largest in the history of Iraq, pointing out that these reserves is one of the monetary policy to reduce inflation in Iraq.” This statement is very directly stating you have the reserves to turn the economy around, reduce inflation, etc. You can raise the value of your currency. Will Iraq fulfill their obligations?
11-4-2012 Newshound Guru Med IT SEEMS THAT IRAQ IS ACTUALLY SETTLING DOWN AND FROM WHAT I AM SEEING SO FAR MALIKI IS NOT MOVING TOWARD CONTROL OF CBI...I STILL EXPECT THIS TO BE OVER IN A TIMELY MANNER AND I DONT FEAR IT NOT HAPPENING.
11-3-2012 Newshound Guru Kaperoni Article Quote…“Iraq, according to the available data now will be one of the most important donor countries in the world in the face of rising oil exports, as well as its contribution to the IMF and the growing economy.” The IMF is telling us, these people are going to be “heavy hitters” moving forward. It’s a wealth country and they will be a major part of the IMF moving forward.
11-3-2012 Newshound Guru Mike Turki gets there tries to stop the auctions totally - everybody freaks out and says are you out of your mind?? This is how we control inflation, monetary, etc. They decided they could not do that so they had their auctions - interestingly enough they have been there for about 10 days. They are still investigating - they are still having auctions - and they only decreased the auctions by about 63 million per auction on average maybe 50 million - so they are still pumping out close to 180 + on the auctions every day...either Shabibi was stealing the money - the banks that were coming in aren't doing it anymore because Shabibi is gone OR the guy who is actually stealing the money that is in charge of the bank now - he's not doing it anymore. I would think that Shabs is building his case - each day there is an auction which is why it is so important to have the auctions...believe it or not its going to lead right to the person who is doing this and who has his hands in the cookie jar.
11-3-2012 Newshound Guru Tlar It seems like there are a lot of articles coming out in the last few days that are suggesting that in January they will make a monetary change. These same articles continue to stress remove the zeros, not starting with a low figure and waiting for it to increase. The one article that excites me is the article quoting Maliki when he says it has been postponed until early next year. Since he seems to thus far always get his way this statement from him is more than significant. It will be interesting to see how fast the rest of his minions fall in line over the next week. There is still articles mentioning postponement, everything from 2014 to June of next year. If these kinds of articles stop and the chorus is "early next year" we are pretty much heading toward the finish line on this investment. Maybe Maliki's goons did not get the email yet. For sure I feel very comfortable that Maliki is a man of his word...NOT.
11-3-2012 Newshound Guru Mountainman Iraq signed 6 investment contracts with the U.S. and European and Arab countries. This is huge news for Iraq!! All of these power plays for control over the CBI and coinciding with the signing of these investment agreements to protect international investments is not a coincidence. Iraq is trying to bolster confidence in their economy and let the world know they are ready to enter the international stage as a market based economy with a strong currency. I believe these are all clues a change is coming. IMO, we will see a change in the rate before January. I really don't see anymore roadblocks and all the signs are there.
11-3-2012 Newshound Guru Med I DO NOT THINK HE [SHABIBI] WILL COME BACK. I FIGURED THEY WOULD WAIT BUT FOR SOME REASON THIS IS NOT SITTING STILL. THE GOI SAID THAT ONE MAN DOES NOT STOP THE RV OR ACTUALLY THE DELETION OF ZERO'S. THIS IS BIGGER THAN ONE MAN ON ANY TIMELINE.
11-3-2012 Intel Guru Blaino NEXT WEEK THE ELECTION MAY SERVE AS SMOKE TO HIDE AN RV BEHIND... SEVERAL RECENT PUZZLE PIECES SUGGEST THAT MANY FACTORS ARE REACHING CRITICAL MASS AS THE REVALUATION PRESSURE IS INEXORABLY RISING TOWARDS SOME KIND OF CHANGE. LETS HOPE IT'S THE MAIN EVENT FOR WHICH WE HAVE HELD OUR TICKETS SO LONG.
11-3-2012 Newshound Guru Kaperoni Article quote: “the process of deletion of zeros will proceed according to its specified time without being influenced by the issue of the central bank because of all the procedures for the project expired since leaving only the execution.” It does not get much clearer than that. Clearly, we see that they are stating that the removal and financial issues with the CBI are not slowing this down. In fact, since the CBI came out (Shabibi) at least a few times saying,.. “all preparations are complete” makes this statement that much more effective “leaving only the execution.”
11-2-2012 Newshound Guru Mike Do I think they are forcing the RV forward? No...I think it is all going to take place in the time it is supposed to take place - They are going to add value soon...there are good things happening...things we wanted to see happen - there is no singular event that will make it happen...the thing we do not know and no one knows and everyone in the community is guessing at is who is in the drivers seat? Is Shabibi still in the drivers seat or Maliki...
11-2-2012 Newshound Guru Kaperoni We have docs that show that Shabibi tried at least 2 times to implement this. Then finally, just doing what he wanted without including the GOI. Maliki and his sidekick Anbuge are on the record that it was not an appropriate time to change out the currency. In fact, Anbuge said he didnt want it for another 10 years. The good news for us is the CBI continued preparations. Apparently, something or someone must have changed his mind as now it appears it is back on schedule for sometime early 2013 or before.
11-2-2012 Intel Guru Blaino WE FEEL LIKE THE $3.56 RATE COULD WELL REFLECT THE NEGOTIATED RATE FOR THE DIFFERENCE BETWEEN THE DESIRED RATE ($5 -$6) AND SOMETHING A LITTLE CLOSER TO THE KUWAITI DINAR, WHICH COULD BE THE RESULT OF THE RECENT SETTLEMENT WHICH LED TO THE CHAPTER 7 MATTER BEING LIFTED. [post 2 of 2]
11-2-2012 Intel Guru Blaino I AM INFORMED THAT THE RATE COULD BE $3.56...AND FROM ALTERNATE SOURCES THAT WE MIGHT SEE SOMETHING MONDAY OR SOON AFTER...HOWEVER, REMEMBER THIS IS IRAQ...MEBBY BEFORE. THINGS ARE DEFINITELY HAPPENING...MOST PEOPLE CARE ABOUT NOTHING BUT THE DATE AND THE RATE...THE BMT (BIG MAIN THING) MAY BE ON IT'S WAY INTO VISIBILITY EVEN NOW. [post 1 of 2....stay tuned]
11-2-2012 Newshound Guru Tlar It appears to me that the decision to go on the process to remove the zeros has been made. All of these articles that are appearing at this time are without any apparent move by the GOI or Maliki to stop it. That seems strange because the massive front they put up before, where Shabibi ran the CBI. Shabibi may have decided to just introduce the dinar at 1166 and let it run from there. Maliki early on was a supporter of raising the value and then vehemitly tried to stop it. Behind the scenes Maliki may have not wanted the currency to start so low and take potentially years to come up in value. A recent article said that the bank wanted to return the dinar back to 3+.
11-2-2012 Newshound Guru Mike Maliki had a bad day today...thats the easiest way to sum up the government...the Parliamentary Committee came out and said yes go ahead and delete the zeros - they are NOT in charge of that project - They gave their okay 7-8 months ago - Window Dressing for the fair that just opened up...You have a member of the Legal Committee coming out and saying legally Maliki you are trying to form a majority government - It is not Constitutional - don't do what the previous governments did because basically he is calling him a dictator and saying the Constitution doesn't support what you want to do....Bad Day for Maliki.
11-2-2012 Newshound Guru Kaperoni [Can someone explain how the "powers that be" will allow an RV without first having the government set up with power sharing between the tribes?] Shabibi stated in May of 2011 the GOI was stable enough to move forward with his currency reform. Therefore, there is no direct correlation or requirement of a power sharing deal for the currency to change.
11-2-2012 Newshound Guru Mountainman The Oil Ministry just announced that a new round of private licenses exclusively to increase production of crude oil. But oil is not the only thing Iraq has going for it. They have discovered huge amounts of gold deposits and minerals. There was a great quote that just reaffirms what we already know. Iraq is an extremely wealthy country with many untapped resources and that's why private companies are pouring into Iraq. They are about to be released from Chapter 7 and there is no reason for their currency to remain worthless.
11-2-2012 Newshound Guru Mike Chapter 7 is what we have over Maliki to form his government. In order to stop us from looking like we are standing in the way, remember Chapter 7 gives us certain benefits to do things, to move in and take care of things - If you give Maliki Chapter 7, then you are releasing him from having to form his government to get the prize - That needs to happen - we need Chapter 7 as leverage...the Kuwait thing with Chapter 7 is just Window Dressing - Kuwait has released them from everything they needed to do - Maliki negotiated all of that - they have gone out and done what they needed to do and they did it - WE like it but you don't want to release them before they have their government formed period.
11-2-2012 Intel/Newshound Guru Poppy3 A COUPLE DAYS AGO...I POSTED, SHABIBI ASK FOR A SPECIAL CALLED MEETING OF ALL BEFORE HE GIVE HIS PROOF OF COMPLETE INNOCENCE —-The statement said “it was agreed to hold a special meeting of stakeholders on Integrity headed by the President of the House of Representatives and the participation of each of the first deputy chairman of the Council and the heads of the Office of Financial Supervision and the Integrity Commission and the Parliamentary Integrity Committee to discuss other issues relating to corruption.” THIS COULD BE IT AND HAPPEN ANY TIME ??
11-2-2012 Newshound Guru Tlar Everytime time this comes up that Iraq is being backed by a country to exit Chapter VII it doesn't happen. It is always lip service. I doubt the US will back Iraq when the vote is done partly because of what's going on with Shabibi but mostly because of Maliki's suppport of Iran and Assad. He has violated Chapter VII sanctions by allowing shipments of arms to Assad by Iran that he sanctioned, allowing them to go through Iraq. Biden was his biggest supporter but he is not anymore. Maliki denied this (he lied) but was caught in his lies. If at this particular time the US does back Iraq for release of Chapter VII I think that Maliki will be able to complete the job and emerge as the new dictator of Iraq. Chapter VII is the only leverage the UN has that allows for the US to stay involved. We placed 13000 marines in Iraq 2 weeks ago. We did not need the permission from Iraq. The sancttions are a legal claim to do this.
11-2-12 Newshound Guru Kaperoni Some time ago, the CBI changed the name from "delete 3 zeros" to "lifting 3 zeros" because it was confusing people in Iraq. This was discussed at a Symposium. It is nice to see Jubouri using the correct term here. There is a significant difference in the two. "Deleting" refers to a LOP and "lifting" refers to removal and replace. We can clearly see here this will be a gradual removal and replacement of the larger notes with smaller notes. Of course a rate change must accompany such an event.
11-2-2012 Newshound Guru Med TWO WEEKS AGO I WAS VERY CONCERNED ABOUT THE DINAR...WELL I THINK THAT RIGHT NOW THE GOI HAS THROUGH SEVERAL MP'S LIKE JBOURI MADE IT CLEAR THAT ONE PERSON CHANGING IN CBI DOES NOT STOP THE RV... ONE [ARTICLE] FROM THE 31ST IT KIND OF TO ME GAVE THE HINT THEY ARE POSSIBLY STILL GOING TO DO THIS IN JAN...
11-2-2012 Intel Guru Soonerfan62 IN ALL THE TIME I HAVE BEEN INVOLVED IN THIS JOURNEY, I HAVE NEVER BEEN MORE COMFORTABLE WITH THIS SITUATION THAN I AM NOW. FOR THE FIRST TIME I AM 100% CONFIDENT THAT OUR BLESSING IS RIGHT AROUND THE CORNER.
11-2-2012 Intel Guru Blaino i am escalating to...alert level 5 at this time based on multiple confirmed intel items. we have an idea there "may" be some kind of "unrelated" announcement in the next few DAYS...Mebby a bombshell??? Again, something that, on the surface, may not appear to be dinar related, but is in a subtle WAY...the thinking is that this will be prior to the election...Working hard to confirm! only days remain...We are in a great timeframe, methinks! Rest well, review your plans and the syntax of what to do when!!!
11-2-2012 Newshound Guru Adam Montana [How much stock do you put into the belief that if an RV is going to happen, it will happen around the first of the new year?] there is nothing solid to peg the date to. My feeling is that once the elections are over, we are in a good "window", but how big that window is remains to be seen.
11-1-2012 Newshound Guru Tlar Parliament has wised up from where it was 3 years ago. They are actually referencing the constitution as their proof source. This will be the biggest problem for Maliki. That darn constitution is starting to mess with his plans.
11-1-2012 Intel Guru Blaino We continue to dig for facts and pieces to this massive puzzle. There were several meetings, Names and events this past days that appear to have had an impact on the RV! Let's all watch TONIGHT with interest!
11-1-2012 Newshound Guru Kaperoni I like this part...[quote from article] "the process of deletion of zeros and the dinar will be early next year after the end of the project procedures. " ...this event is two parts. First raise the rate, then second, delete the zeros by issuing new currency. This sentence implies the raise in value must be soon in order for the delete the zeros to occur "early next year."
11-1-12 Newshound Guru Phoenix3333 G20 Finance Ministers & Central Bank Governors' meeting this Sunday and Monday. The group of twenty finance ministers and central bank governors, representing the world's 19 major economies plus the European Union, meet in Mexico City for two days.
11-1-2012 Intel Guru Footforward There is not a lot of news. The rate is going be really good, double digits. There is no reason this has to go another week, 6 months, just a few loose ends that can be taken care of quickly.
11-1-2012 Newshound Guru Adam Montana It's my opinion that when they make the BIG jump in the currency, it will be no more than a dollar, and most likely around ten cents. If they are smart, they will get away from the US Dollar as quickly as possible, but that may not be possible due to how slow things move there. This is one of those matters that we just have to "wait and see".
11-1-2012 Newshound Guru Tlar the UN, US and IMF [are] preparing Shabibi...I believe that is the main reason Maliki will back down and reinstate Shabibi. Shabibi will not only aim to clear himself but I believe he will ultimately put Maliki on the hot seat. There is too many fronts for Maliki to face right now. I think within the next days he will come to a decision that if this goes to trial and it is transparent world wide, that he can't win. He will try to shut down this firestorm before it consumes him...these are just my thoughts but I believe them to be a reasonable assessment of the situation Maliki finds himself in...at this particular time I would rather be Shabibi accused of theft than Maliki if he looses face and control. Shabibi is most assuredly not guilty while Maliki's house is made of a very thin glass. I believe once the rats start to abandon ship, Maliki will sink. [post 2 of 2]
11-1-2012 Newshound Guru Tlar if Shabibi is reinstated without a trial then the CBI thing should be reversed and be independent again. If Maliki backs off and Shabibi assumes control of the bank again then this may in fact never go to court. I would rather see a court case against the GOI's unconstitutional move in attempting to take the bank. Maliki is in control at this time only because his guy is the acting governor of the bank. Shabibi will not take orders from Maliki. That is precisely why Maliki orchestrated his removal. [post 1 of 2....stay tuned]
11-1-2012 Newshound Guru Mountainman Washington says that Iraq is a very important market and that Iraq will lead the Arab world in the coming year. The US is in Iraq's corner with Chapter 7 as well and IMO it's because our government needs the IQD RV as badly as the GOI does. We have the G20 meeting in a few days and Iraq is currently holding their International Fair and Iraq's positive economic outlook seems to be what everyone is talking about!!
11-1-2012 Newshound Guru Administrator Bob Additional confirmation in news articles appeared overnight confirming the process to delete (lifting) the zeros is moving forward. This is good news for us as we expect the free float (rise in value) to occur prior.
11-1-2012 Newshound Guru Breitling An RI is not going to happen. They are not going to reinstate the currency at $3 + and that is what people are hoping for. It's not going to happen. It would cause a major disaster inside the country, reverse [?] inflation. It's either going to slow grow pip by pip or either they are going to hard revalue & grow pip by pip. The new lower denoms talk about in articles are just to replace old worn out dinar, it's for damaged notes. It's not adding or subtracting to their money supply. All countries do that.
11-1-2012 Newshound/Intel Guru BGG Article: "Maliki to Iraqi News: We call to speed up endorsing Oil, Gas law draft" This is laughable!! Finally!! They have the incentive they need to get rolling. Maliki is afraid if they don’t get an HCL Law put in place soon (which is crucial to us as well) – the other oil producing provinces will cause drama with the Central Government like the Kurds have.
11-1-2012 Newshound Guru Adam Montana They originally intended to have the new currency released by 2010...There are other reports that state the currency won't be released until 2014. So with that information at hand...which "source" do we believe? I say none of them - they aren't going to tell us exactly when the new currency will come out, and they aren't going to tell us exactly what they plan to do with the rate.
10-31-2012 Intel/Newshound Guru Poppy3 There seems to be a new direction between the blocs in Iraq, which tells me they are serious this time. In the backside, things are happening. I think we are in a great postion, I am more confident in the investment than ever before. The people that told me before that Dec. 1 is the latest we will this RV have not called me back to change that idea. I trust these people and still stand by what they said. Until something proves us wrong, I believe it can happen anytime between November 6th and December 1st.
10-31-2012 Intel Guru BWM the problem seems that if IRAQ wanted to solve their problems all they have to do is revalue their currency... simple enough, countries do it everyday. SO, why would we continue to think that Iraq has ANY control over this if they haven't done it yet... it sure seem someone, Shabibi or Maliki would pull the trigger on this just to show they could... but they don't which continues to tell me that they don't have control over their own currency at this time... heavy emphasis on "at this time" as I have stated before at some point it will look like they had control because everything will fall into place... but the final decision did not come from them, they will just be told to proceed.
10-31-2012 Newshound/Intel Guru BGG Article: "Sources (UR): telephone confused the relationship between Maliki and Shabibi" So wait – Maliki lost his cool with Dr Shabibi (which is his MO according to CIA and Pentagon Sources. Maliki is a mostly blue collar, foul mouthed, union boss type thug of a politician) and it’s the phone’s fault – or the fact that they did it over the phone. None of which is true. Maliki is probing for a way to stay on power (full control) AND raise the value of the Dinar. The main point of contention between he and Dr Shabibi has been that Shabibi wouldn’t give him the money he needed to buy weapons. Plain and simple. In Maliki’s view – Dr Shabibi has kept the value of the Dinar at an artificially low point – and he has, until the full GOI is seated and functioning.
10-31-2012 Newshound Guru Adam Montana the RATE will be based on what the CBI is willing to pay for it. If the rate is announced at $3, but they will only pay us $1 for it, then the $3 rate doesn't mean anything. Our ACTUAL rate is $1, regardless of what they announce it to be. The only thing that matters at the end of the day is how much you walk away with. So since the CBI is making the market, and they have the final say in how much they are paying out, I have to believe it will be up to them to release it. Of course, once they announce it, Maliki and everyone else is going to get on a podium as fast as possible and try to take credit for it...So you MIGHT hear it from someone else before you realize that the CBI actually made the first announcement!
10-31-2012 Newshound Guru Kaperoni I stand by the many articles and reports that Maliki had tried for months to stall any increase in value of the dinar. Though his primary motives may be to get rid of Shabibi here to get access to the reserves, he may have also used this ploy knowing this buys him even more time with his "weak dinar" policy stated back in April. One thing is for sure, Maliki has tried to stall progress in many areas in Iraq. Politically, economically he is a cog in the wheel. Let's just hope the powers to be keep pushing forward. After all, we have what he wants...the keys to UN Chapter 7.
10-31-2012 Newshound/Intel Guru BGG Article quote: “Specific details about the allegations against the ousted bank governor, Sinan al-Shabibi, have not been made clear." Because there aren’t any – the main thing Maliki has against Shabibi is – he wouldn’t give in and raise the value of the Dinar before Maliki fully implemented the agreed upon power-sharing deal. Maliki wants to be a dictator and Shabibi is one of the few brave souls in Iraq who have stood up to this tyrant.
10-31-2012 Newshound Guru Phoenix3333 Article: "With the return of discussions on the importance Wahab revealed a vote on the law of infrastructure and service sectors next week. The beginning of next week will see discussions on the law to be included on the agenda for the meeting on Thursday. The House of Representatives failed recently to pass laws important in the forefront of infrastructure and general amnesty." Next week vote on the Infrastructure Law (November 6th).
10-31-2012 Newshound Guru SWFloridaGuy Article: "Beecroft: No U.S. troops in Iraq and are working on getting it out of the seventh item. The United States of America confirmed it is working to remove Iraq from Chapter VII of the Charter of the United Nations to Chapter VI, noting that it worked great for the settlement of disputes between Iraq and Kuwait." Another positive article this morning alluding to Iraq's possible removal from Chapter VII...
10-31-2012 Newshound Guru Adam Montana The GOOD news is that if you've been watching the news, you will know that not a lot is going on over there right now. The articles have been "less than" sensational, which means things are very CALM... and that is EXACTLY what we want! We don't want huge news, we want all of their attention and focus available for one thing - a major change in the rate of the Dinar.
10-31-2012 Intel Guru Footforward There is not a lot of dinar info out there. What is the problem? The people that have controlled the world financial system for the past 300 years, the people that want to control the world financial system are the problem, everything else is smoke. The RV should happen before the election, they are trying to get it done before the election, will they, I don't know. There's a group of countries, including Kuwait, requesting Iraq be removed from Chapter 7. Why? Because Iraq has done everything they requested of them. The RV is done, everything is done except for this going live. This is ready to go. As soon as the good guys take control of the system to make sure we are safe and they are trying to get it done before the elections. It can show up any moment, and time, any day.
10-31-2012 Newshound/Intel Guru BGG Article: "Maliki to Iraqi News: We call to speed up endorsing Oil, Gas law draft" This is laughable!! Finally!! They have the incentive they need to get rolling. Maliki is afraid if they don’t get an HCL Law put in place soon (which is crucial to us as well) – the other oil producing provinces will cause drama with the Central Government like the Kurds have.
10-31-2012 Newshound Guru Adam Montana my opinion is pretty much the same as last week. We are in the same holding pattern, waiting on the US Elections to be done. I just feel like the US elections has more of a worldwide impact than some people realize, and it is not in the best interest of the Iraqi people or their economic situation to announce a massive RV during a time when they have no idea who's butt to kiss over here in the White House.
10-31-2012 Newshound Guru Tlar Iraqi's are beginning to stand on their constitutional rights. They are beating Maliki in the propaganda war for the minds and hearts of Iraq's citizens. Once again, I don't see this making it to court. Maliki has too much to lose. I still say he will blame others for this situation and will appear to be the champion trying to right the wrong. If it does go to court I believe Maliki will be exposed for who and what he is. The UN has demanded that this trial will be transparent and the world will be watching. They have threatened you with "dire consequences" if it is not. [post 2 of 2]
10-31-2012 Newshound Guru Tlar Maliki made an error in thinking he could take over Iraq at this time. Iraqi's are reading their constitution and the courts will have to enforce it. The error Maliki made was to not wait until Iraq was out of Chapter VII. He jumped the gun. Had he waited until Iraq was free of sanctions then he might have pulled this off. Hats off to the international community especially to the UN for keeping Iraq under there thumbs. [post 1 of 2....stay tuned]
10-31-2012 Intel Guru Hammerman I have zero intel & don't expect any until after the elections, not until around the 9th or the 10th. I was asked to step away from the intel until after the elections, so I have. I don't expect the RV until the 17th or closer to the 23rd, this is what I am being told. Everything is happening like we need it to. It's all good, moving in the right direction....where we need to be.
10-31-2012 Intel Guru TerryK WE MAY SEE THIS TONIGHT [TUESDAY] AS I WAS TOLD OR TOMORROW [WEDNESDAY] WHEN THE MARKET OPENS. ITS THAT CLOSE A LOT GOING ON BEHIND THE BIG PICTURE.
10-31-2012 Intel Guru Blaino Getting NOTHING today from all the regular contacts...just like yesterday...Which as Charlie Chan might have said on the silver screen 7 decades ago, "leaves two possibilities: "The first is the easily acceptable "Nothing IS happening"...period. The other choice is that what ever IS happening is at levels that have such security and involve such people of high position that even the best contacts are uninformed or denied access to the meetings, schedules and topics of discussion. I am informed from my Primary sources that this is in fact our scenario. Clearly, "S", "M", and people in the top levels of the USG, the GOI, and IMF, ET AL, are honing the point of the spear. Methinks this might possibly be the calm before the hurricane of worldwide paradigm change that is in the offing! Stay grounded NOW! We got thru all the crappola...and NOW...We ARE CLOSE!!!!
10-30-2012 Newshound Guru SWFloridaGuy Great news today!! It looks Iraq has made some real progress and their efforts to work on bilateral relations with Kuwait have not gone unnoticed. Iraq will be released from Chapter VII. It's being worked on behind the scenes as we speak. They are not out yet but eventually they will be and sooner rather than later it appears. This marks an important milestone in the restoration of Iraq’s normalized ties to the international community. The removal of the Chapter VII Charter of the UN is a significant step in returning Iraq to the legal and international standing it held prior to the 1990 invasion of Kuwait. This announcement comes 4 days after the UN Compensations Commission on the Iraqi invasion of Kuwait announced the allocation of $1.09 billion to compensate 5 Kuwaiti "governmental" companies which remain nameless. Once finalized, their removal from Chapter VII will be a meritorious accomplishment for the country of Iraq and for investors a sign that Iraq is on a general road to economic recovery.
10-30-2012 Newshound/Intel Guru BGG Article: "Talabani to re-invite political sides to hold National Meeting, says MP" I find it particularly odd Maliki’s own cousin is letting “the cat out of the bag” if there were not some inherent advantage for them in it??
10-30-2012 Newshound Guru Mailman17 THE THING THAT REALLY MAKES ME THINK IS WHY NO ONE IS INTERFERING, NOT ONE. HE [Maliki] IS IN CLEAR VIOLATIONS OF CHAP 7, YET NO PENALTY, WHY? WE ARE NOT PRIVY TO THAT AND THAT'S FINE. I SEE ALL THAT HAS HAPPENED AS A GOOD SIGN. THIS PLAN WILL TAKE HOLD AND IT WILL END AND WE WILL CASH IN. OUR MONEY IS COMING. ITS JUST NOT THE WAY WE EXPECTED IT.
10-30-2012 Newshound Guru Mailman17 I STILL THINK SHABS WILL COME BACK...AND COME BACK WITH A FLURRY BUT HE TOO IS BIDING HIS TIME AS DIRECTED, IMO. SHABS HAS NO LOVE LOST FOR MALIKI BUT KNOWS HE MUST DEAL WITH HIM THE BEST HE COULD. IF YOU WERE SHABS...WOULD YOU COME OUT HIGH...KNOWING YOU COULD SUSTAIN THE ECONOMY WITH 30 CENTS? BUT THAT IS NOT WHAT MALIKI WANTS AND MALIKI WANTS CONTROL...PERIOD. I TRULY BELIEVE SHABS WILL WIN IN THE END, BUT HE MUST PLAY THIS OUT SMART AND THATS WHAT HE IS DOING. HENCE MALIKI BACKING OFF NOW, BACKING OFF AND BLAMING PARLIAMENT? [post 1 of 2....stay tuned]
10-30-2012 Newshound/Intel Guru BGG Article: "Musawi confirms reaching agreement between FG, KRG to solve pending issues according to constitution" " Salman al-Musawi, of the State of Law Coalition confirmed “Reaching agreement between the Federal Government and the Kurdistani Regional Government to settle all the pending issues according to the constitution.” This is a very interesting article – particularly coming from the SLC side of the fence. Either they really do have an agreement or they are trying to diffuse something coming their way that is much worse for them (as in Maliki’s removal and complete minimization of their party). Either way it is good for us.
10-30-2012 Newshound Guru Tlar IMHO, he [Shabibi] is preparing and being prepared by the IMF and US to stand trial and that takes some time. IMHO, Maliki cannot stop this trial, it will be his downfall. Undoubatbly Shabibi has kept a file on Maliki since Maliki forced him to keep the 4 known State of Law crooks on his payroll. Shabibi probably has records of transfers of monies by Maliki and "his guys". IMHO, Maliki will cave before the trial and will throw certain members of his own party under the bus. Given a choice I would rather be Shabibi at this time and not Maliki. I really don't think much will change until parliament reconvenes. [post 3 of 3]
10-30-2012 Newshound Guru Tlar The best is yet to come IMHO. Maliki will be tied to the thirteen and he will be shown to be the one orchestrating the corruption and theft in Iraq. The international community knows much more that they are letting on at this time. You don't come from nothing to a multi-billionair in a few short years on Maliki's salary as PM. There is always a trail that if searched for hard enough, will lead back to the real crooks. [post 2 of 3....stay tuned]
10-30-2012 Newshound Guru Tlar Systematically Maliki has conived his way to this point and mostly gotten away with it. But it is different this time. Internally and externally he has crossed the line. The opposition is finally reading the constitution and using it as a reference tool. Maliki has violated the constitution on numerous occasions since 2010 but never have we heard the outcry as we are at this time. He has made a grave mistake attacking a man with Shabibi's reputation and credentials. [post 1 of 3....stay tuned]
10-30-2012 Newshound Guru Kaperoni Article: "IMF reiterates its call to Iraq to lift subsidies on oil derivatives, energy and ration card" This is a great article. With the high level of poverty, the IMF is asking Iraq to stop subsiding these items; oil derivatives (oil, gas, heating fuel, etc), energy and ration card (flower, wheat, etc). That is the bare necessities of life. This is another way of saying...RV your currency now! The IMF is asking the GOI to give the citizens some wealth! Can you imagine lifting these and doing nothing? The countries inflation would go way up and would turn to chaos.
10-30-2012 Intel Guru Frank26 No one is listening to Maliki. Shabibi IS going back to Iraq...Turki will go away...IMF has obligation to rebuild Iraq. The GoI & CBI also has to work with the IMF...ONLY the CBI is ready. Has the the actions of Maliki interfered with the RV? it will not be an RV...rather it will be an RI...and NO, it will not slow the process. Timeline for the RI - November 6, 2012 - January 20, 2013! IMO, the rate will be significant. [Post 2 of 2]
10-30-2012 Intel Guru Frank26 the IMF states that Iraq is NOT using the funds from the IMF for the people of Iraq, they are pocketing the monies. The IMF has told them (2nd warning) to do as the agreement stimulates or we will cut off ALL funding to you (Iraq). If the IMF cuts all funding from Iraq, that means that Iraq will have to start paying its own bills. Iraq is going to have to start paying back the IMF in Feb. 2013, and the interest is going up. The IMF says to Iraq...Get your GOI seated and ready...the CBI is ready! Shabibi wants the new rate in the 2013 budget, to be ready by Jan 1, 2013. IMO, you will NOT see a National Conference or Formation of the GOI until AFTER the US elections. [Post 1 of 2....stay tuned]
10-30-2012 Newshound/Intel Guru BGG What is the big delay? Maliki is the big delay & him attempting to take over the CBI is part of the big delay. Is he going to be successful? There's no way. Will it be a long delay? No. Shabibi didn't want the value of the dinar to go up until there was a power sharing in place. Maliki wants the power & the value of the dinar to raise so he looks like the big hero. This is an investment & it will mature on it's own time, not according to our schedule. I am more confident in this investment then I have ever been based on certain info I have. Watch for things to be very exciting in the next few days. More than likely it will be right before or right after the election.
10-30-2012 Newshound Guru Vic1 There was a very important meeting in "MOSUL" [a city in northern Iraq] we know that Tariq Al- Hashemi was there as well! The Meeting or conference was to complete all W.T.O., final paper work!!!
10-30-2012 Newshound Guru Mountainman Yeah, I'm sure they are interested in spending money to replace the same old worthless Iraqi currency. How often do you think they use a 1,000 - 5,000 bills that are worth a fraction of a cent in the market place? They never do. They use USD or a wheel barrel full of 25k notes. This is a cover for introducing the new currency. Unfortunately, the internet has made it extremely hard for them to educate the public of the upcoming change without tipping their hand. Like I said, this is a very interesting time and it's going down completely different than any of us expected.... but it's going down!! [post 2 of 2]
10-30-2012 Newshound Guru Mountainman Can you believe our Shabs is really gone, Iraqi police are storming the CBI, arresting CBI employees and the international community remains silent even after the World Bank, IMF and United Nations referenced Iraq's economy as one that will help the global financial recovery. So, something is going on we are clearly unaware of. Even amidst the apparent turmoil, we have the Deputy CBI Governor saying they are replacing "damaged" lower denoms next month. [Post 1 of 2....stay tuned]
10-29-2012 Newshound Guru Mountainman [New Guru] An economic researcher today said that Iraq is going to be a powerhouse economic force in the region and that they also need to continue to diversify their sources of revenue. He went on to say that Iraqi ...sits in a very strategic location in the world..a diamond in the rough but not for long. This is a time like no other in this investment.
10-29-2012 Newshound Guru Med THE IMF IS PRESSURING THEM. HE WANTS SUBSIDIES STOPPED AND IRAQ TO MOVE TO A MARKET ECONOMY. BY DROPPING THE SUBSIDIES YOU KNOW WHAT THAT WILL DO TO THE DINAR AND INFLATION IF NOTHING IS DONE ON THE EXCHANGE RATE? INFLATION WILL SKY ROCKET...WHICH IS WHAT WE ARE WAITING FOR.
10-29-2012 Newshound/Intel Guru BGG Article: "Commission to evaluate the work of the Central Bank freeze its work pending parliamentary judiciary" This piece points out the group in charge of the “witch hunt” on the Commission (largely controlled by Maliki) are out of the loop on this investigation. It’s up to the judiciary now.
10-29-2012 Newshound Guru Kaperoni how does Shabibi's removal effect the contracts (contracts between the GOI and market facilitator)? I was told, it does not as the contracts were signed with the CBI and GOI and not one individual. That gives us hope that, in fact the GOI/Maliki may not have a "weak dinar" policy (why would the GOI support it otherwise?) and in fact, they plan to start raising it soon around the time the new smaller notes start to come out. Hopeful anyways. [post 3 of 3]
10-29-2012 Newshound Guru Kaperoni An article from April states the GOI/Maliki has a "weak dinar" policy... meaning they don't want to improve its value. If true, it could be a while before we see any raise in value. On the other side, we had Jubouri (Maliki's nephew) come out and ask the CBI to raise the value of the dinar. So who knows. [post 2 of 3....stay tuned]
10-29-2012 Newshound Guru Kaperoni Article: "Central Bank announces replacement of damaged currency early next month" the question is why replace these? It's either out of pure necessity (and they are not raising the value for a while) or they plan to start raising the value via a float and expect them to be heavily used over the next several months during that period. I don't think the article gives us any clues to confirm either. [post 1 of 3....stay tuned]
10-29-2012 Newshound Guru Tlar I'm very encouraged to see that the CBI is being put on lock down until this matter is resolved. There must have been a lot of pressure from the International Community to get this accomplished. At least we hopefully will not see Malibaba raid the piggy bank yet. [post 4 of 4]
10-29-2012 Newshound Guru Tlar I'm pleased to see the NA is trying quickly to move the HCL, Erbil, Article 140 and other legislation along. This I think is to appease the opposition in an attempt to distract from the CBI problem. They are "trying to change the subject". Unless there is solid evidence linking Shabibi to corruption or theft or they can show that he prospered from crimes committed by employees of the CBI, I believe nothing Malibaba does is significant enough to change this subject. It will come to a head when parliament next meets. [post 3 of 4....stay tuned]
10-29-2012 Newshound Guru Tlar Also the Integrity Commission (the commission assigned to investigate the CBI by Nujaifi) cleared Shabibi of any wrong doing. Jubouri was head hunting Shabibi and this will come out. Shabibi just wouldn't play Malibaba's [Maliki's] game which meant he had to go. Malibaba will have a tough time getting parliament to agree to this so now there is a definite line that is drawn in the sand. I still say Malibaba will back off of this out of fear of losing it all. [post 2 of 4....stay tuned]
10-29-2012 Newshound Guru Tlar Everything is up in the air until we see how the Shabibi thing shakes out. I for one feel comfortable at this time because Maliki has backed off. We know this because he has attempted to distance himself from the CBI responsibility by denying any culpability by him or his government. He is now saying it was parliament who did this. Very interesting since parliament was on recess before this mess even came up. [post 1 of 4....stay tuned]
10-29-2012 Newshound/Intel Guru BGG Article: "Parliamentary express reservation to determine the duration bill positions by proxy" This is a critically important issue...they will start chipping away at the powers Maliki has amassed for himself very shortly…as in – Monday/Tuesday.
10-28-2012 Intel Guru Blaino Our only real issue with all of this is the seemingly "endless" time consumed by all this. The good news now appears to be that the whole process is very nearly complete now, so the end, for us anyway, is doubtless closer than ever in a much more realistic way than in days now gone. There can be little doubt as to the "lateness" of the long awaited and much needed "global financial reset" upon which we all wait and some depend...there is a glimmer ahead... the darkness becomes lighter... perhaps the end is drawing nigh. [post 3 of 3]
10-28-2012 Intel Guru Blaino We all witnessed the cascade of early retirements, arrests, firings, removals, departures and disappearances of many of those that were connected with finance world wide during the last 14 months or so. At one time, there was so much of this that it was in newspapers and on television news reports everywhere, albeit with no real details to explain the rash of separations. Some were passed off as health related, while others were said to be leaving for other opportunities and still others were arrested or simply vanished. [post 2 of 3....stay tuned]
10-28-2012 Intel Guru Blaino WHATS THE HOLDUP? I have had, for some time now, some regular intel that points strongly to the possibility that there has been a TON of intel that was generated, manufactured, created and hoaxed in order that some...financial interests would move in ways that might expose themselves to the long arm of regulation or other law enforcement, government and watchdog groups where they could be arrested, exposed, revealed to be less than the ethical and moral business types that they for so long appeared to be! There has also been, I am told, a concerted effort to clear out and clean up the banks & remove those who either abused the confidence of the people & worked with or for them. [post 1 of 3....stay tuned]
10-28-2012 Newshound Guru Tlar People who should have read the Iraqi constitution but didn't when they voted on it are finally understanding their rights. Iraq's are reading their constitution for the first time and finding that they can band together in a united front and challenge this would be dictator. Maybe they can't vote him out of office but for sure they can charge him and bring him to justice. I know there are 13000 marines in Iraq and I feel comfortable they would vote to bring him to justice. [post 4 of 4]
10-28-2012 Newshound Guru Tlar There is a firestorm approaching and as long as he can't silence the opposition it will get much hotter for Malibaba [Maliki] and his forty theives. Malibaba himself will defect and start pointing fingers at "his guys" in order to save face and maybe his own arse. I'm just guessing but I think the battle has turned and it won't be long now until Shabibi will be back at the helm of the CBI and Maliki, if he survives this, will be licking his wounds. His asparations of being the next dictator of Iraq will become a thing of the past and Iraq will have finally understood what it is to be a democracy. [post 3 of 4....stay tuned]
10-28-2012 Newshound Guru Tlar Maliki may be brought down because the news in Iraq is truely trying to get to the bottom of this Shabibi affair. In doing so they are publishing damning reports unrelated to the CBI situation which if continued will show Maliki for who and what he is. So far he is being accused of murdering a politician in Mosel and of hiring assasins to kill Heshimi who is being protected by Turkey. Maliki is being accused of slandering any politician not in step with him taking his orders. He also is accused of many constitutional violations. The most important charges are yet to come which include theft and corruption. They will soon follow as the opposition is slowly becoming not afraid of their names appearing in documents such as above. Maliki is being pushed back and is starting to try to defend himself. He can't assassinate everyone. The machine he has set up to make these moves continues to make mistakes and will soon start to fall apart as defections are just around the corner IMHO. [post 2 of 4....stay tuned]
10-28-2012 Newshound Guru Tlar the opposition has already admitted they don't have the votes to remove Maliki. It was not parliament that removed Shabibi, it was Maliki's Council of Ministers and Joubari in particular. All these guys were acting in concert with Maliki. The judicial department is under Maliki's thumb and by order from him re-issued the arrest warrants only after the outcry that the Council of Ministers had no constitutional authority to issue warrants. Either way new arrest warrants have been issued. Without the votes parliament cannot remove Maliki and the opposition doesn't have the votes at present. Sadr said yesterday they can't remove Maliki but they can prepare to beat him in the next election. That might be more difficult than they might think because as you recall Maliki charged, then removed the head of this commission and replaced him with "his guy". [post 1 of 4....stay tuned]
10-28-2012 Newshound Guru Med THE ONLY WAY I SEE IT BEING JAN. IS THAT SHABIBI IS EXONERATED. I THINK IF HE IS THOUGH, THE PICTURE THEY HAVE PAINTED OF SHABIBI IN THE SMEAR CAMPAIGN IS NOT A GOOD ONE. HE WILL NEED TO BE TOTALLY HONEST THAT IS ALL I CAN SAY. NO...HINT OF REAL IRREGULARITIES CUZ WE ALL KNOW THAT MALIKI WANTS THAT 67 BILLION. HE IS TRYING TO GET SOME TYPE OF RELEASE FROM ABROAD. MALIKI, HE WANTS THE MONEY. IT IS NOT IN IRAQ IT IS ABROAD IN BANKS. [post 2 of 2]
10-28-2012 Newshound Guru Med MY CONCERN, AND IT ISNT A CONCERN, IS THAT USING THE 250 AND 1K IT MAKES ME GO HMMMM. THE VALUE OF THE TWO OF THEM ARE NEGLIGIBLE AT BEST AND IN THE CURRENCY BOOK I THINK IT ISNT EVEN LISTED CUZ IT IS WORTH SO LITTLE, THE 250 THAT IS. THE ACTUAL REMOVAL TIME WHEN IN FULL FORCE WILL BE 12-24 MONTHS. I AM THINKING THAT WE ARE REALISTICLY LOOKING AT...JULY 1. [post 1 of 2....stay tuned]
10-28-2012 Newshound Guru Breitling They have plenty of U.S. dollars so their economy is not going to collapse, they are not in a danger zone. But, not having your own currency doesn't give international countries & companies too much confidence in you. There must be something on the table for them to know they will participate in the future. The numbers in the budget are pure garbage, the rate is complete garbage, the auction floor is complete garbage. So, are they at the wall yet where they are forced to revalue? No, they are not, but they will have to revalue sooner or later. Maliki doesn't have control to say when it is going to revalue, he simply doesn't have that power. The only one that has that power is the governor of the CBI. They don't need to get out of Chapter 7 to revalue, the value has to do with the money supply and the dollars. So, when are they going to do it? Your guess is as good as mine!
10-28-2012 Newshound Guru 8Ball "Who is the delay ? Shabibi ? Maliki?" I think that Iraq has got what they needed and there is nothing left to do...and they wanted it done and they got a reason why it couldn't happen...not what they wanted...I think the IMF is our safety.
10-28-2012 Newshound Guru Med IF HE [MALIKI?] SIGNS OR ALLOWS THE ARBIL TO GO THROUGH AND THE HCL GOES AND GETS DONE, YOU WILL SEE THAT HE WILL FINISH OUT HIS TERM. FOR SOME REASON WHAT THEY THOUGHT WOULD HAPPEN LIKE ECONOMY PLUMMET ETC., ETC. IS NOT HAPPENING.
10-28-2012 Newshound Guru Tlar Turkri was one of the guys who investigated Shabibi and ended up at least temporarily, with his job. He is one of that group who spoke out not only against just Shabibi, but the auctions. I guess you really don't know or understand something until you walk in the shoes of the one doing it. Other than assisting in the take over of the bank, I'm not sure Turki is making any significant changes at all. In fact I would dare say that he is running around like a madman trying to control the CBI because for one thing, he must be shorthanded with all the new openings. [post 2 of 2]
10-28-2012 Newshound Guru Tlar Maliki has any number of reasons he doesn't want the dinar to revalue. What's important is that even his own guy seems to be following in the steps of Shabibi. Other than arrests at the CBI I really don't see any major changes. Turki has in fact acknowledged that they need to raise the value or just drop the 3 zeros off the currency. He is also stated they need to continue the auctions. These are the very same auctions Maliki and his goons were saying hurt the economy. [post 1 of 2....stay tuned] 10-27-2012 Intel/Newshound Guru Poppy3 got two text from VN sources and they have not heard back from the bankers or the Minister of Trade from there. So all is quiet in VN so far. They will let me know asap if any changes are made.
10-27-2012 Newshound Guru Med I HAVE WATCHED A TREND COMING FROM THE GOI AND PARLIAMENT. IT SEEMS THAT THEY ARE BEING MORE CONSCILATORY. I THINK WE WILL SEE THE ARBIL AND THE HCL DONE FINALLY.
10-27-2012 Newshound/Intel Guru BGG Article: "Maliki’s party calls to settle disputes on occasion of al-Adha Eid" Thought this isn’t directly from Maliki – it’s from his “party”, it is still very interesting to hear. In fact, both the Dawa party and the National Alliance are having meetings with the opposition with or without Maliki. Word is still – they intend to remove his “proxy” hold on numerous positions (starting Tuesday-ish).
10-27-2012 Intel/Newshound Guru Poppy3 No hearing’s taking place with Shabibi like we were hearing yesterday but we have two sources saying he is there. Judicial Hearing to begin SUNDAY OR MONDAY for him to present evidence. He is innocent of all charges. Had two sources telling me the RV will happen as soon as possible after meetings this week and they pass the HCL & ERBIL as parliment members have stated they have agreements on . They will then announce implementation and re-instatement of DR SHABIBI and the date and time of the National Meeting which will be an announcement day and celebration for ALL IRAQ people . This information comes from the streets of Bagdad and is what is being expected by the Iraq people.
10-27-2012 Newshound Guru Med WE ARE AT THIS MOMENT IN TIME AT OUR DARKEST IN THIS INVESTMENT. IT WAS A HEAVY RISK THAT HAS THE POTENTIAL FOR A HUGE PAYDAY AND FOR ME IT IS STILL.
10-27-2012 Intel Guru Bulldog75 I AM STICKING WITH '747'... A PLANE AND RATE. YOUR CHOICE.
10-27-2012 Newshound Guru Tlar Personally at this time, IMHO, I don't think Shabibi will have to stand trial. He will be exonerated before then. Maliki will either appear to "come to his aid" in an attempt to stop all the accusations against him of Murder, attempted murder, theft, making political moves to take over the CBI, trying to become a dictator or, he will be removed from office and tried before the court himself. If I was Maliki I would appear to intervene on Shabibi's behalf and attempt to reverse this asap. He is already denied that the government was involved with this situation and that they and he had nothing to do with it. This is just my best guess on the outcome. I hope I'm right but see no other way for Maliki put pandora back in her box. I believe this week will be pivitol as to whether he can survive as PM. I believe we will see how really smart or stupid this man is. [post 3 of 3]
10-27-2012 Newshound Guru Tlar Maliki can't use his military without repercussions from 13000 US marines in country. I'm sure he has been warned behind closed doors of swift action against him if he attempts to use his military. He can't shut the press down to silence the increased accusations of his aspirations to become a dictator. He can't even hold a puppet trial of Shabibi behind closed doors. The world has just put Maliki under a microscope. Poor guy. What's a would be dictator to do? What I'm still looking for is his "rats" from the Dawa and State of Law party to start jumping ship to distance themselves from him. When this happens we will know Maliki has lost his attempt to gain complete power and eroded his loyalty base. [post 2 of 3....stay tuned]
10-27-2012 Newshound Guru Tlar I said it last week and I'll say it again. The opposition would coalesce and that Shabibi would be their rallying point. Maliki has opened pandora's box and is unable to shut it down again. This is likened to trying to catch the cat that you just let out of the bag. He has lost control and set in motion his own possible demise by attacking Shabibi. If he does not see this, I'm sure the people will point it out to him. I was especially pleased that the UN sent another letter warning of dire consequences if he interferes with the CBI. That is the second such letter from the UN. The first was warning of dire consequences if the trial of Shabibi wasn't 100% transparent. [post 1 of 3....stay tuned]
10-27-2012 Newshound Guru Vic1 there is a lot happening...Al -Hashemi will be back in Baghdad very soon! We believe he has entered Kurdistan!!! With a Turkish delagation and incognito. MANY ARE REALLY CHARGED UP...OVER LE GARDE , WE SHALL SEE.
10-27-2012 Newshound Gurus Mike & L.J. We have some very positive news in whats happening in the chess pieces that are on the board right now and how they are going to move and we are anxious to see how this is going to work out for Shabibi and the CBI... [Post 3 of 3]
10-27-2012 Newshound Gurus Mike & L.J. Mr. Turki...tried to stop the auctions and got smacked by the Parliamentary Committee and smacked by the public at large - So in order to combat that he internally moved the exchange rate down a few PIPs to try to get himself some credibility because he’s under alot of fire - Basically they are telling everybody that any of these names that are being given need to be thrown to the wayside and Shabibi needs to come back...It is becoming very very very evident this has all been done for political reasons and that there is something going on even to the point of Saleh coming out and defending the procedures that the CBI has in place for their auctions and that there is no problem. Remember at one point in time, Maliki was tied to the smuggling of the money thru the auctions thru a bank to Iran and my guess he is looking for all of this information and trying to shut down these auctions so they can't trace it any more - He's trying to really go in and stamp out the fire after it has already started. [Post 2 of 3....stay tuned]
10-27-2012 Newshound Guru Med THERE IS NO DEMOCRACY IN THE MIDDLE EAST...YET MANY COUNTRIES HAVE GREAT EXCHANGE RATES. I HAVE WATCHED VERY ATTENTIVELY AND I THINK ALL THE SMEAR AGAINST CBI ON HOW THE DELETION IS NOT RIGHT. I THINK IT WAS ALL BS JUST TO DELAY IT SO THEY COULD POUNCE THEN TAKE OVER WHAT SHABIBI HAD ACCOMPLISHED AND THEN INCREASE THE RATE. 10-26-2012 Intel Guru TerryK I DID HEAR ALOT OF CONTRACTORS ARE HEADING TO IRAQ. I HEAR KUWAIT IS TRYING TO GET IRAQ OUT OF CHAPT 7 BIG TIME THERE IS A PUSH LIKE THIS WEEK, HINT HINT. MY CHINA GUYS ARE TELLING ME THIS WEEKEND AND TELLING ME THE DONG IS COMING OUT REALLY HIGH REAL HIGH AS WELL AS THE DINAR , SO WE SHALL SEE.
10-26-2012 Guru TerryK I DID HEAR ALOT OF CONTRACTORS ARE HEADING TO IRAQ. I HEAR KUWAIT IS TRYING TO GET IRAQ OUT OF CHAPT 7 BIG TIME THERE IS A PUSH LIKE THIS WEEK, HINT HINT. MY CHINA GUYS ARE TELLING ME THIS WEEKEND AND TELLING ME THE DONG IS COMING OUT REALLY HIGH REAL HIGH AS WELL AS THE DINAR , SO WE SHALL SEE.
10-26-2012 Newshound Gurus Mike & L.J. the heat is starting to come out from the CBI that Shabibi probably has his plan in place and you have his supporters working with him from inside of Parliament to try to get his story out - Also starting to see articles coming out in a good way supporting all the great things Shabibi has done. [post 1 of 3....stay tuned]
10-26-2012 Intel Guru Jonnywg All is getting exciting as the RV appears to be heating up with the pending election...the PTB are revving up and it is felt that something is happening...could be soon but nothing definite.
10-26-2012 Newshound/Intel Guru BGG I don’t think Maliki knows just how bad things turned for him the last week or so. He’s about to find out. A dictator can get away with a lot of garbage…but once they start meddling with a Central Bank and the world financial systems – the gig is up pretty quick. Not in an “Illuminati”, conspiratorial sense – but the major world players can’t have some rinky dink, wanna’ be muckin’ up the works (so to speak). Maliki is playing with a fire he just doesn’t understand – I would not be surprised to see things start moving more quickly sometime after this holiday. I’m thinking the window opens sometime from Saturday thru about Tuesday (to see things moving). [post 2 of 2]
10-26-2012 Newshound/Intel Guru BGG This is their holiday…however, we have lots to talk about…Rumor is (as I brought out for you based on some vague news feeds) Maliki is about to lose all of his “proxy positions”…based on pending Parliament actions. They are sick of it. This would also mean they intend to “sew him in” with the Fed Courts Law…The above is good news too – because it will keep them on their best behavior (Fed Judges). The timing is wonderful, since (unconfirmed) there is more news Dr Shabibi is back making his case to the Judiciary. [post 1 of 2....stay tuned]
10-26-2012 Intel Guru Bulldog75 IMF's Lagarde urges action on unfinished financial reforms...LAGARDE IS URGING BUT IS POWERLESS IN MANY CIRCUMSTANCES DUE TO FACTORS BEYOND HER CONTROL. THIS IS ALL ABOUT : GREED, POWER AND BIG MONEY.
10-26-2012 Newshound Guru Kaperoni This is nothing to worry about...the GOI has no authority to make that statement when they did. The CBI posted numerous articles that they were moving forward. In fact, even Parliament stated the other day, everything is moving forward. Looking back now at this, we can see that CoM or more specifically Maliki was able to stop this event. The question is why? Does he simply not want the dinar to appreciate in value? Or is there something about the plan that we are not aware of and Maliki is and against? [post 2 of 2]
10-26-2012 Newshound Guru Kaperoni I wanted to point out this quote from the April SIGIR (Special Inspector General for Iraqi Reconstruction) confirming something close to 1.17 to $1 or .86. Now if this does not give you all confidence in your investment, nothing will. Keep in mind, this was written at the time Maliki was trying to stop this. "official exchange rate for Iraqi dinar strengthened marginally against the U.S. dollar, selling at 1,166 per dollar through much of the quarter. That rate is down slightly from 1,170—a level that had held constant for the past three years. ... In April 2012, the CoM postponed indefinitely plans for a currency reform that would have removed three zeros from the Iraqi dinar in 2013 and required the issuance of new currency notes. The reform would have made the dinar’s value slightly less than $1. " I DON'T LIKE THE 'POSTPONED INDEFINATELY" PART THOUGH. [post 1 of 2....stay tuned]
10-26-2012 Newshound Guru Med I SEE A COUPLE THINGS THAT THEY ARE TRYING TO CHANGE IN PARLIAMENT. ONE IS THAT MALIKI CAN NO LONGER PUT SOMEONE ON SUSPENSION AND THEN PUT IN A PROXY. THIS IS HOW HE HAS BEEN GAINING GROUND. I AM NOT SURE THAT FOREIGN INVESTORS ESPECIALLY THE OIL ARE GOING TO HANG MUCH LONGER AND I BELIEVE THEY WILL LOSE SOME OF THE BANKS THAT ARE PRIVATE SINCE WE KNOW NOW THAT IRAQI'S ARE FLOODING TO THOSE BANKS TO TAKE OUT WHATEVER MONEY THEY HAD IN THEM.
10-26-2012 Intel Guru Freeway Bill if this would have happened last year without the proper security in place, your money very well might have been snatched by hackers and your bank accounts emptied. There has been billions of dollars stolen out of accounts in the US, all through Europe and Asia by hacking into accounts and removing funds and routing them to multiple hidden accounts belonging to the hackers. The US does not hold the status of being the only country where this could happen. SECURITY ISSUES is the very reason why we have not been enjoying our blessing for the last few months...just relax and wait as we have been for years...Sure, I want it to happen today and it very well could. But, rid yourself of this kind of frustration. [post 2 of 2]
10-26-2012 Intel Guru Freeway Bill I am just one person with what I feel is pretty credible sources that all are scratching their heads on why we have not seen this yet. Anyone that thinks that what is going on with Maliki is the deciding factor on when this RV appears really needs to study this blessing a lot more...We are so long past anything in Iraq being a deciding factor. They want this done... They have passed all of their test ....You don't have to look very many miles from your house to find the blockage and the cause of the delays. Watch for the UST bills to come out. BIG SIGN! ...when all of the bad guys are boxed out from being a threat to our money, the RV will happen....not until... [post 1 of 2....stay tuned]
10-26-2012 Intel/Newshound Guru Poppy3 here is what i got tonight [Thursday] text to me. It is possible Shabibi is in Iraq but it has not been confirmed at this point?? If there, he did not use our SS for security...Next, no updates on why the large sums of money has been being ordered by many large banks . Ordering more than double the usual amounts for this time of the month. Next, I was told one of the 5 people that maliki submitted to the IMF to run the CBI has been approved but only to oversee the day to day operations and THIS DOESNT MEAN THEY WILL OR WOULD EVER LET THIS PERSON RV THE DINAR. THIS IS WHERE WE STAND AT THIS TIME PLUS WE EXPECT TO HEAR MORE UPDATES ON VN DONG TOMORROW...WILL REPORT ANY CHANGE AS WE RECEIVE.
10-26-2012 Newshound/Intel Guru BGG Article: "Talabani congratulates Maliki and Jaafari and Abdul-Mahdi, the festival and hopes that in turn increase the meaning of sacrifice to overcome obstacles" There are some very serious issues on the docket for right after this holiday. It is interesting to see these guys acting civil towards one another – right before they return to try and settle things – starting about Saturday.
10-26-2012 Newshound Guru Tlar The current administration backed Maliki becoming the PM. Had they backed Allawi I feel quite comfortable that we would be looking at an entirely different Iraq.
10-26-2012 Newshound Guru Med THE BAD THING IS HE [SHABIBI] IS ALREADY BEEN TRIED IN THE MEDIA WHICH WAS UNFAIR AND THEY GREASED THE SKIDS FOR ONE YR ON HOW UNHAPPY THEY WERE WITH HIS PERFORMANCE AND AS WE GOT CLOSER AND CLOSER TO JAN IT INTENSIFIED LIKE I SAID IT WOULD... I HOPE THAT ALL THIS SO CALLED EVIDENCE IS WRONG. ONE THING THAT WAS BROUGHT UP, WHY WOULD SOMEONE WITH SO MUCH CHARACTER AND HIGH MORAL STANDARDS ALL OF A SUDDEN DO THIS.
10-25-2012 Intel Guru TerryK HEARING TONIGHT IS A BIG NIGHT, I MEAN BIG ANNOUNCEMENTS COMING OUT OF CANADA...BUT I WANT TO TELL YOU THIS, HEARD A RUMOR, JUST A RUMOR...DONG IS GOING TO GO SOONER THAN LATER AND AT A HIGH RATE LIKE 2.50 PLUS...IT WAS A STONG RUMOR FROM MY CHINA SOURCE OUT OF CHICAGO.
10-25-2012 Newshound Guru Med THE ENTIRE SYSTEM IS A CORRUPT CALAMITY. WHAT IS GOING ON IS SO FLAGRANT. THERE IS ABSOLUTELY NO WAY AT THIS MOMENT TO GIVE A TIME FRAME ON HOW SHORT OR LONG. THIS IS A CHESS GAME HERE AND YOU HAVE TO WAIT TILL THE NEXT MOVE HAPPENS.
10-25-2012 Newshound/Intel Guru BGG I am as of today more confident in this investment then I have ever been at any time, not because I am less informed, but because I am more informed. Maliki took over the CBI, then he tried to have Shabibi arrested, the Supreme Court Judiciary wouldn't. So then he had him removed temporarily. Now he is saying he has 4 candidates lined up. None of this is going to happen. The IMF put Shabibi in, they are not going to turn monetary policy over to Maliki, especially while Iraq is still under chapter 7. All of this going on is why they will not get out of Chapter 7, while he is in charge. Maliki wanted his hands on the reserves and he wanted a greatly revalued currency and economy and they have already tried to do that & the IMF pretty much hung up on them. He wants control over the economy and wants the power and this to me means that this is a very real situation because there is such a struggle over the money. I am very confident in where we are in this investment.
10-25-2012 Intel/Newshound Guru Poppy3 They need to get rid of Maliki, it's a difficult task, he is the leader of their country. They are definitely headed in that direction. I just hope that they are able to follow through this time. The news the last few weeks shows we are in a legitimate situation and the value is there. We are going to reap the rewards in the near future. It is looking very good for us.
10-25-2012 Newshound Guru Adam Montana At this time I have nothing negative to report. The Shabibi situation is still in progress, and I am still watching that one closely...my firm opinion is that nothing is going to happen until after our Elections are decided. I still see the end of the year as a possibility! (I will be happy to be proven wrong by Iraq, of course!)
10-25-2012 Intel Guru Blaino AS YOU ALL KNOW I HAVE PULLED OUR LAST PASS BACK FROM NOVEMBER 7TH TO THIS COMING FRIDAY AT 6AM, WELL... THE GOOD NEWS FOR US IS THAT I HAVE NO EVIDENCE OR INDICATIONS THAT THIS NEEDS TO BE CHANGED. IN OTHER WORDS, AFTER FRIDAY MORNING, WE CAN AGAIN TAKE UP THE WATCH, THE SEARCH, THE CHASE FOR THE ANSWERS TO THE RIDDLE OF THE RV.
10-25-2012 Intel Guru Footforward Who are the powers that be? There are 2 groups, the Rothchilds & company, others that I don't want to mention because of the fallout that I will get & then you have the good guys & they don't want notoriety. The Rothchilds, who created the fiat currency, have controlled the whole financial world for 300 years. Right now there is a battle for financial control of the whole planet & once that happens we will have our RV. That has been they holdup for the last year.
10-25-2012 Intel Guru Bluwolf As I have spoken about these past few days democracy must be honored and the U.S. but by any means must reinstate Iraq's true winning leaders. This is in the makings and it also is transpiring as we speak. I personally see all pieces of this puzzle taking shape and unfolding before our eyes. As you know there are a lot of players and entities that are all involved in this huge project, all of which desire that this product called a international release should come out as flawless and perfect as expected by all involved. The next few days should be very interesting for us all and for those involved.
10-25-2012 Newshound/Intel Guru BGG That assessment that Shabibi is guilty and going to face 7 years in jail is soooooooo stupid. Shabibi has plenty of support. The IMF put Shabibi in place. Obama put Maliki in place. this interim Gov of the CBI "Turki" got hung up on when he tried to "Call for the rv" the other day...He did try to push thru an RV as soon he and Mcslicky took over. The IMF wasn't having any of it.
10-24-2012 Intel Guru Footforward I am expecting this to happen in this calendar year, actually I would be surprised if we get out of October. I look for this day to day. Everything is in place. I am told within a moments notice this can go.
10-24-2012 Newshound Guru Tlar Shabibi said he will come back and face the judicial system in Iraq in a few days. He will bring the proof to clear his name with him. I'm sure he will also bring representatives of the international community to make sure he gets a fair trial. This trial will take place under an international microscope and it would not be suprizing to find that his lawyer is either an IMF lawyer or a UN lawyer. This ought to be an interesting week.
10-24-2012 Newshound Guru Adam Montana He [Maliki] has stated many times that his goal is to see the value of the Dinar rise, and I think (depsite the many hiccups and roadblocks) that he has driven the country and the situation in the right direction. I believe he will finish the job, too.
10-24-2012 Intel Guru Footforward When all this came out about Shabibi, they still were able to pass the budget. You can't pass a budget if you don't have a rate. Well they have had a rate since 2010 & haven't released a budget because they don't have an RV.
10-24-2012 Newshound Guru Tlar We can see very quickly now as each article against Maliki comes out, he is loosing the battle of propaganda. I'd much rather be Shabibi than Maliki at this point. Shabibi has a stellar reputation and is a renowned technocrate that has built the CBI from scratch to a record 70 billion dollars. Malibaba [Maliki] has a record of theft and missing funds in every Ministry chaired by one of his goons from the SOL. The press is still running and Maliki has been unable to silence it. Look for more of the same this week. Also look for more defections from his camp as more people become aware of his blatant violations of the Iraqi constitution. [post 4 of 4]
10-24-2012 Newshound Guru Tlar Remember to become a complete dictator you eventually have to hold your population at gunpoint. As the ground swell moves forward Maliki will seem less sure of himself. The proof is he had to go back to the Judiciary and try to get thee warrants re-instated. Why? because it was determined that warrants coming from the Council of Ministers was - unconstitutional. With the international community intering the frey and with 13000 troops of ours in country Maliki will be afraid to use the security or military forces to put this ground swell down. [post 3 of 4....stay tuned]
10-24-2012 Newshound Guru Tlar When this is over IMHO Iraq will become a democratic non secular government. Sadr has already made his mind up and has told Allawi...in Erbil if Allawi will allow some ministries to go to the Sadrists, he will support Allawi and Iraqiya in the next election. This is the crux of democracy. Back room deals where every party gets something of value achieved as the society moves forward. Iraq has bit of the forbidden fruit. For 10 years they have tasted democracy so now the real test comes. Will they stand up and stop this despot? [post 2 of 4....stay tuned]
10-24-2012 Newshound Guru Tlar [New Guru] What is happening in Iraq is the democratic awakeness. We will see the constitution mentioned more and more in articles and interviews. In the beginning...only a few really educated technocrats ever read what they wrote in total let alone any MP from any block. In Iraq people are just starting to see what is in their constitution. They are doing this because there is a constitutional crisis going on. The SOL and Maliki from the very beginning have used the constitution where it benefited them and trashed it, where it, when it stood in the way. MP's from all the blocks, the Kurds, Iraqiya and the Sadrists are feverishly for the first time seeing violations. Why? They are digging into their constitution as the proof source. [post 1 of 4....stay tuned]
10-24-2012 Intel/Newshound Guru Poppy3 Minister of international trade in VN told banker there they were discussing the timing of the RV in VN to take place in the near future...further updates by Friday.
10-24-2012 Intel Guru Okie_OiL_Man I HAVE BEEN MONITORING OUR DINAR/DONG SAGA AND HAVE BEEN FOLLOWING CLOSELY FROM SOURCES WHAT IS TRANSPIRING. ALL THE ACTIONS BEING TAKEN IN IRAQ, WHILE IS OF HISTORIC VALUE, HAS NOTHING TO DO WITH THE C/E OR R/V. THEIR ARE MOVEMENT THAT IS POSITIVE BEING TAKEN IN THIS FIELD BUT IT SURE SEEM'S LIKE MURPHY'S LAW IS AT WORK. IT APPEAR'S THAT THERE ARE POLITICAL MOTIVES INVOLVED THAT HOPEFULLY WILL BE SET ASIDE SOON. I HAVE NO DEFINITIVE INTEL THAT I CAN FURNISH AT THIS TIME. I, LIKE YOU, WAIT AND WONDER WHY THE ENDLESS DELAY'S. IF AND WHEN PROVABLE INTEL CAN BE FURNISHED I WILL BE HAPPY TO ADDRESS THAT.
10-24-2012 Newshound Guru Adam Montana two more good news items. 1. There was a huge agreement between Iraq and Kuwait on a very old dispute to the tune of BIG dollars. The fact that they are closing old issues is good for future progress. 2. Talks and agreements regarding the HCL continue to make news. They WILL get this settled - at this time it's in the "offer - counteroffer" stage, but it's in everyone's best interest to seal the deal. [post 2 of 2]
10-24-2012 Newshound Guru Adam Montana Shabibi is still on the run, claims innocence, but the warrants are still in effect...just yesterday we received news that actual arrests were made in relation to this latest development on the bankers and CBI employees. Like I said last week - things are moving! We have an approved budget draft. There's a lot of noise about this... I don't think it's important or relevant. If they increase the value of the Dinar, they will adjust the budget accordingly, and that is true no matter how high the rate goes. A budget is just a guideline, it can be amended, and there's no way they would simply tell us (through the budget) that they plan to increase the value...so like I said, the budget really doesn't mean much. [post 1 of 2....stay tuned]
10-24-2012 Intel Guru TerryK one person waiting to get paid, its that close...im hearing tomorrow night [Wednesday] for the...global settlement funds, not the rv.
10-24-2012 Intel Guru Footforward There's not a lot of new intel out there. What's going on in Iraq is of zero consequence to us. This thing will roll as the "powers that be" dictate it to roll, look at it from a global perspective. I believe it should happen this year. This should have happened several times already. The plan is to get it done before the election...but it could happen after the election out of necessity. I know the rate will be really good, double digits, multiples of 7. It will be a flat rate. I don't believe there will be multiple tier rates. You won't have to negotiate. [post 2 of 2]
10-24-2012 Intel Guru Footforward The troops are there because they have moved around the lower denoms from location to location to keep them safe. They don't believe there is another secure place, so they brought in the troops to secure them & also the CBI & the borders. It has nothing to do with Maliki & they are not there to remove Shabibi. Maliki is not the bad guy. He is there to hold down the fort & get done what needed to be done, nothing more, nothing less. The arms deal with Russia is not what it looks like, I can't get into it, I know this for sure. He is not trying to take over the CBI. They have the means to get rid of Maliki, but they don't. Why? There must not be a problem with him. [post 1 of 2...stay tuned]
10-24-2012 Newshound/Intel Guru BGG Article: "Alfalh (Constitution): parliament embraces wanted to justice on charges of terrorism – al-Maliki has evidence, documents and confessions condemns political bloc leaders" Maliki must know the end is near – he’s now threatening some of the major bloc leaders with terrorism charges (like he did with the sham trial of Al-Hashemi). This will work out in the end. No matter what he thinks.
10-23-2012 Intel Guru BWM My theory is still this, when everything on a global scale is complete, you'll magically see all these events (National Meeting, announcement of GOI, HCL, etc.) suddenly fall into place and happen suddenly to "line up" with all we've heard from the beginning. Again, while I don't believe Iraq has a major play in this AT THIS TIME (this was not the case early last year), it still will have internal things to 'show' the world upon completion. So yes, you will 'see' a National Meeting and such but at that point it will be window dressing for the actual event and is only being "put off" because the controllers are saying, "not yet, come up with another excuse".
10-23-2012 Intel Guru TerryK WATCH FOR AN ANNOUNCEMENT COMING THE 26TH OUT OF CANADA. I CAN'T SAY ANYMORE OTHER THAN YOU ALL MAYBE CASHING IN NEXT TUESDAY OOPS AFTER THE 26TH.
10-23-2012 Newshound Guru Mailman17 SHABS HAS NOTHING TO WORRY ABOUT. WHY IS ALL OF THIS COMING DOWN NOW, GOTTA BE A REASON. HE [MALIKI] WANTS THE RV NOW, ON HIS TERMS. YES...IT LOOKS BAD...NOW BUT HONESTLY...THERES NO WAY WE WOULD LET THIS ESCALATE. THINK ABOUT THIS, WE HAVE LOST TROOPS, POURED IN MONEY, INFRASTRUCTURE, HELP BEYOND WHAT WE DO FOR MOST COUNTRIES, DO YOU REALLY THINK WE ARE GONNA LET THIS GO DOWN BY MALIKIS TERMS, ***.NO. JUST GOT TO PLAY THIS RIGHT...SMART AND CONVINCINGLY. I SEE THIS AS A POSITIVE. I SEE THIS AS SOMETHING THAT HAS TO BE DONE THIS WAY BUT THE OUTCOME WILL STILL BE OUR RV. [post 3 of 3]
10-23-2012 Newshound Guru Mailman17 THE UN KNOWS THIS...THEY HAVE THE PROOF BUT, WHY NOT ACT. THEY COULD, RIGHT...USUALLY WHEN A RAT GETS CAUGHT HE UNKNOWINGLY LETS OUT THROUGH DESPERATION THINGS THAT WOULD DAMAGE HIM EVEN MORE...IN OTHER WORDS HES DUG A HOLE AND THEY ARE LETTING HIM DIGG DEEPER. WHEN THE TIME IS RIGHT AND THEY ARE SATISFIED, THEY WILL REMOVE HIM. OTHERS THAT ARE DIRTY DESERVE IT...THOSE THAT ARE NOT WILL BE VINDICATED. SHABS IS THE LATTER. EVERYTHING SHABS DID, SHABS FOLLOWED TO THE LETTER....THE PLAN FOR IRAQ AS DETERMINED BY THOSE INVOLVED. THE IMF GAVE HIM THE TOOLS. [post 2 of 3....stay tuned]
10-23-2012 Newshound Guru Mailman17 WHEN HE [SHABIBI] RETURNS HE WILL PRESENT THE PAPERWORK ON MALIKI OF WHAT HE HAS BEEN HOLDING ON TO FOR THE RIGHT MOMENT. MALIKI COULD HAVE PLAYED THIS TRUMP CARD ANYTIME A YEAR AGO WHEN HE TRIED TO TAKE OVER . WHY NOW, WHY DID MALIKI KNOWINGLY AND IN FRONT OF ALL CONCERNED DO WHAT HE DID. SET DEALS UP WITH RUSSIA KNOWING FULL WELL PARLIAMENT WOULDNT APPROVE IT. THIS GOES BACK TO IRAN, HE FULL WELL WENT AGAINST CHAP 7 AND ALLOWED IRAN TO SHIP THROUGH HIS COUNTRY. [post 1 of 3....stay tuned]
10-23-2012 Newshound/Intel Guru BGG Article: "President Talabani looking with a delegation of the Sadrist movement overall discussions between the political parties and steps to resolve the current crisis" The Sadrists meeting with Talibani is great news. They have been pretty quiet for a while now. I think things are in high gear – but this has a lot more to do with our own election cycle than any of us know. Bank on it.
10-23-2012 Newshound/Intel Guru BGG Article: "Prince Kanani: the government and the presidency of the parliament govern control of the central bank" This kind of support for Shabibi from the Prince is very interesting. Keep in mind the IMF installed Dr Shabibi and they will be the ones to approve or disapprove any currency revalue by the interim CBI Governor.
10-23-2012 Intel Guru Delta There is indication that Shabibi is involved in something illegal. During the investigation, they did find something about Shabibi. He is in Switzerland. He was to come back to defend himself, but I doubt it...he knows that he can't compete with Maliki right now. Maliki is doing whatever he wants right now. He knows our president is weak in foreign policy. All are agreeing with Maliki, even the Supreme Court, they said there is something against Shabibi. They are not telling the details. We really don't know what is going on behind closed doors, but it seems like a serious matter. One senerio is that he may have been set up, we just don't know. Shabibi could have revalued the currency a long time ago, he waited too long & they may have set him up. For our investment, nothing will delay the plan. We have to wait for a few days to see what happens. They know that everything is ready. Shabibi has said that eveything is ready.
10-23-2012 Newshound Guru Med I AM GOING TO SAY THIS, EVERYONE WHO CARES ABOUT THIS INVESTMENT NEEDS TO STEP UP AND PAY ATTENTION TO THE CHANGES. DOES MALIKI GET CBI AND DOES ABUNGE GET IN--IF SO I WILL HANG AROUND FOR 30 DAYS AFTER THAT I AM HANGING IT UP CUZ IT IS OVER UNLESS PARLIAMENT AND THE UN AND THE U.S. INTERVENE AND TAKE CONTROL. WE SHOULD KNOW BY NOV 7.
10-23-2012 Newshound Guru Med IF MALIKI TAKES CONTROL OF CBI BURN YOUR DINAR IT WILL BE ONLY GOOD FOR STARTING A FIRE. WHY? CUZ NO ONE WILL FINISH OFF THE INVESTMENTS IN IRAQ, EXXON WANTS OUT OF IRAQ, SINCE WHEN DOES AN OIL COMPANY WITH UNLIMITED POTENTIAL SAY **** ON YOU. ALSO THE 2ND LARGEST REVENUE PRODUCING BUSINESS IN IRAQ IS TOURISM...MOSTLY BECAUSE OF CONSTRUCTION AND THE MONEY THAT MANY COMPANIES WERE INVESTING TO BUILD HOTELS AND OTHER TOURIST ATTRACTIONS. BUT, AN ARTICLE CAME OUT THAT THE COMPANIES THAT ARE STILL CONSTRUCTING ARE GETTING READY TO CALL IT QUITS AND TAKE THEIR LOSSES AND JUST LEAVE THE PROJECTS AS THEY ARE RIGHT NOW, NOT FINISHED. THEY SAID THIS WILL HAVE A MAJOR IMPACT ON IRAQS ECONOMY. [post 1 of 2....stay tuned]
10-23-2012 Intel Guru Frank26 The only way Shabibi will lift the 3 zeroes is if Maliki announces his government. The real reason Maliki want to remove Shabibi is power, he is hungry for power. The GOI can temporarily remove Shabibi but they cannot replace him. Shabibi can only be replaced by the IMF. Shabibi is not the blame. He was in Switzerland & he has documents to prove his innocence. Will this affect the RV, no. The media is actually defying Maliki, saying leave Shabibi alone, this is great intel in itself. Will this slow things down for us. No, everything is still normal, they are still having auctions, etc. We are slowly seeing these accusations fade away. Keep you faith in the Iraqi dinar, hold on to your dinar. I have been with you for 4 years. Nobody knows the rate and nobody knows the date, but we are in the omega of our investment, we are at the end.
10-23-2012 Newshound Guru Med IF HE SHOULD BE EXONERATED DOES SHABIBI STAY OR DOES HE SAY **** YOU. WE THINK HE WOULD STAY...FINISH WHAT HE STARTED. IF MALIKI WINS HERE AGAINST SHABIBI THEN NO ONE IS SAFE IN IRAQ, NO ONE. RIGHT NOW I CANT EVEN MAKE A GUESS ON WHAT TO EXPECT ON THE DINAR UNTIL I KNOW FIRST WHAT IS THE OUTCOME OF THE CHARGES.
10-22-2012 Intel Guru TerryK Today i received several intel updates via text. Please keep the following on the qt. Mon-Tues is what we have heard for the past two days. We will start banking by tuesday and public will go two days later. Hear rv Tues-Thurs...take it as a rumor.
10-22-2012 Newshound Guru Med THE RUSSIAN ARMS DEAL, LOOKS LIKE THAT IS DOWN THE CRAPPER...TURNS OUT THAT THE MONEY TO PAY FOR IT FOR MALIKI WAS MONEY IN THE DFI FUND AND HE NEEDED PERMISSION FROM THE U.S. AND PARLIAMENT, NEITHER OF WHICH HE IS GETTING. ALSO...THEY ARE NOT GETTING OUT OF CHAPTER VII BECAUSE THEY DID NOT FINISH THE KUWAIT FILES. BAN KI MOON HAS SEEN ENOUGH OF MALIKI'S PROMISES. NO WAY IN *** IS HE ACCEPTING HIS WORD THAT HE WILL HONOR THE REST IF RELEASED.
10-22-2012 Intel Guru Blaino WE ARE SEEING SOME INTERESTING DEVELOPMENTS IN 2 BIG 4 BANK FOREIGN CURRENCY DIVISIONS AS WELL AS DATED AND 'URGENT' WARNINGS WHICH ACTUALLY MENTION THE IQD.... IMF IS REVIEWING FINAL IMPLEMENTATION OF BASEL III ACCORDS ON OR ABOUT THE FIRST OF JANUARY, AND (IMHO) THE IRAQIS MUST SET THEIR MONEY'S VALUE BEFORE THAT DATE CERTAIN ARRIVES. THEREFORE THE WANING DAYS OF DECEMBER ARE THE LAST OPPORTUNITY AND THE DANGERS OF WAITING TILL THE "LAST MOMENT" ARE PARAMOUNT. DOUBT THEY WILL RISK IT...TAKE AS RUMOR(?!)
10-22-2012 Intel Guru Hammerman There is a lot of movement at the IMF in Georgia, a lot of paperwork & people movement, also at the World Bank in N. Y. There is a lot of hard currency, paper money, being moved around the world today, don't know if this is relevant to the RV. Hearing lately, the VND could be over a buck, had been hearing $.68 - $.86. My intel tells me we will not see the RV before the 17th of November, could we, of course. We just have to wait and see. I give you everything I hear, is all of it true, I don't know, but I give you what I am told for you to analyze. You all have a right to hear it. [post 3 of 3]
10-22-2012 Intel Guru Hammerman Exxon/Mobile, Chevron & Microsoft have invested in Iraq yesterday & today, big malls are getting ready to break ground, people are expecting a lot of money to flow around Iraq. I can't tell you if it is related to the RV or not, I just don't know, but something is happening. I believe Shabibi is still our man, still in. The end of his term is the end of November, the 16th or possibly moved to the 27th. I believe the new guy has been brought in, is training & Shabibi will just walk away quietly. [post 2 of 3....stay tuned]
10-22-2012 Intel Guru Hammerman Intel is scarce...hard to come across. There is evidence from the Iraqi Embassy along with the Finance Minister out of Iraq, they are telling me there is a 90% chance that the smaller denoms will be released Thursday or Friday of this week. Of course they could change their minds, they have done this before. [post 1 of 3....stay tuned]
10-22-2012 Intel/Newshound Guru Poppy3 no rv for at least weeks away?? They have...as many as 10 that needs to be completed and they haven't solved one in the last 6 months. Sorry for bad news but they now have a dictator in charge with access to the money, in charge of all military, and police service. Bingo --- dictator gov.
10-22-2012 Intel Guru Freeway Bill FACT: THE RV WILL HAPPEN...THE DELAYS WILL SUBSIDE AND WE "SHOULD" BE GETTING REALLY CLOSE TO THE END... NOW HOW CLOSE IS CLOSE? WHO KNOWS?
10-22-2012 Newshound/Intel Guru BGG Article: "Talabani and Barzzati meet during the next two days: Source revealed that a meeting soon will bring together the President of the Republic and the province of Kurdistan, Jalal Talabani and Massoud Barzani...to determine when to hold national meeting, which would resolve the current political crisis in the county”." These two guys meeting with this kind of agenda is BIG NEWS!!
10-22-2012 Newshound Guru Randy Koonce This last thing with Maliki should wake up the US and get them to pressure Maliki to release his power. I believe this because ...maliki has agreed to the terms that was signed which is the erbil. article: "Talabani and Maliki agree to respect the terms of the agreements signed between all political parties". Breathe, remember it does not matter how bad it gets over there they will eventually get it done. I admit that it has taken longer than anyone of us wanted but it will happen. Just keep looking for the national conference...this has to happen to announce the ministers, there will be no RV until the ministers are announced. [post 3 of 3]
10-22-2012 Newshound Guru Randy Koonce At this time the US embassy, the UN and the IMF get word because Malikis person in the bank tried to get the imf to RV the currency, they turned him down and the US moved in to protect the bank and get the judge to take back the warrant, the article said that they punished the judge. So will this stop the RV, no, what maliki did was try and RV the currency. Will this delay the RV, it could but not for too long. [post 2 of 3....stay tuned]
10-22-2012 Newshound Guru Randy Koonce Let me set out events...First Maliki was told to be done by thursday 2 weeks ago, he instead slipped out in the darkness and went to Russia to try and purchase weapons. To which Russia said sure, you just need to have money to buy them (this is opinion from articles and info). So what does Maliki need and that is an RV that he cannot get Shabibi to pull unless he gives up the power. So upon his return home he accuses Shabibi of stealing money that his people are stealing. He comes home and meets with a committee to get the approval to solicit a judge, he does get the judge to issue the warrant for shabibi arrest and in the process put his person in charge of the CBI. [post 1 of 3....stay tuned]
10-22-2012 Newshound Guru Administrator Bob We begin another week looking at the Central Bank. Various economists, parliament members are now speaking out and coming to the support of Dr. Shabibi.
10-22-2012 Newshound Guru Kaperoni I become very frustrated when I look back over the last 24 months or so and wonder what would have happened if Maliki was not in office. It appears the UN, USA and others are doing a very delicate "tap dance" in iraq. Not wanting to make a change due to the potential economic delays it would cause. Hoping that discussion will change and develop polices which will stabilize Iraq. Looking back now, I would have rather just replaced him 2 years ago, and by now everything could have been on track.
10-22-2012 Intel Guru Frank26 So is this going to delay our RV? Of course not...this monetary reform...truth be it, nothing can get in its way. "Powers that are" make the decision to lift the value of the IQD when they see fit. Since I don't see anyone making a fit except for M [Maliki] then, IMO, I am sticking with S's [Shabibi's] date that he gave us for January of 2013. Of course, that is if the GOI forms itself and actually releases the 2013 budget to the world. [post 3 of 3]
10-22-2012 Intel Guru Frank26 S [Shabibi] is being blamed for illegal activities in the CBI and for the delay of the RV and yet he has repeated so many times that he is done with this monetary reform. Looks square into the eyes of the GOI and says, I am done. Looks into the Iraqi TV and tells the citizens, I am done. Tells the international world community of investors to come in to Iraq because, I am done. I wish the WB, IMF [and] UN would make a stronger comment but they seem to be quiet for now. Once again S [Shabibi] said all things are done for the lifting of the 000's to be introduced in the 2013 budget. If I was S [Shabibi] I would stay in Switzerland and send two letters to the Iraqi citizens..."M A". Which would stand for Mission Accomplished. [post 2 of 3....stay tuned]
10-22-2012 Intel Guru Frank26 the CBI has its own laws but so does the GOI. M [Maliki] has manipulated the laws of Iraq to swing the pendulum of any type of blame in the direction of S [Shabibi] and the CBI. So, the GOI can suspend S [Shabibi] but not fire him. If Turki's findings say that S [Shabibi] did something illegal and can prove it, the IMF will remove S [Shabibi] not the GOI nor M [Maliki]. M [Maliki] helped write the GOI's constitutional laws, he knows his weapons well. So now even the Supreme Court wants S [Shabibi] out. M [Maliki] says that he has lined up three candidates to replace S [Shabibi]. So is S [Shabibi] guilty? IMO, time will tell you no. [post 1 of 3....stay tuned]
10-22-2012 Newshound Guru Med SHABIBI IS GETTING ALOT OF SUPPORT...MANY OF THE ARTICLES ARE VERY VERY INFORMATIVE AND INSPIRING TO READ. THIS IS A SHOWDOWN...THIS COULD BE THE END FOR MALIKI. THE ISSUE IS NOT WITH PARLIAMENT, IT IS WITH 3 JUDGES AND A PROSECUTOR WHO ARE DECIDING IF THERE ARE CHARGES THAT WARRANT SHABIBI BEING PROSECUTED. THE CONSTITUTION HAS BEEN VIOLATED ALREADY... MALIKI HAS BROKEN EVERY PROMISE, LIED TO EVERY PARTY... MALIKI SHOULD BE REMOVED. [post 2 of 2]
10-22-2012 Newshound Guru Med SHABIBI IS GETTING ALOT OF SUPPORT...A HUGE GROUP OF INTERNATIONAL PEOPLE WROTE TO TALIBANI AND THEY LAID OUT ALL THE CHARGES THAT SHOULD BE AGAINST MALIKI AND HOW HE IS FOLLOWING THE SAME PATTERN AS SADAAM. THIS WAS A REALLY DUMB MOVE BY MALIKI. HE IS THE REASON FOR NOTHING HAPPENING IN IRAQ. YESTERDAY, THERE WAS AN ARTICLE...THAT HE IS THE MOST CORRUPT LEADER IN IRAQI HISTORY. SHABIBI IS GETTING ALOT OF SUPPORT, LOTS. [post 1 of 2....stay tuned]
10-21-2012 Intel Guru TerryK I HAVE BEEN TOLD WE ARE WAITING ON ONE THING, ONE THING ONLY AND I CANT TELL YOU WHAT IT IS. THIS CAN GO AT ANY MOMENT. ITS COMING FASTER NOW THAN EVER. SO, THATS THE NEWS I GOT AND I WILL TELL U ITS REALLY CLOSE.
10-21-2012 Intel Guru BOBGETZ6 My intel says not until the election, but that is just one person's opinion. Still hearing that the rates will be very nice and the VND is heard to be higher than expected.
10-21-2012 Intel Guru Hammerman There's not much news, it's extremely quiet. Intel is hard to find, everything is pretty much blacked out, gagged. I don't expect much for the next 2 - 4 weeks. Regarding the Shabibi issue, I believe he is still there & not going anywhere. He has not been arrested and there is no warrant for his arrest. I believe the revaluation is getting extremely close. We are to see this, I am being told, from mid to late November. Others are saying between now, tonight the 21st & this coming Wednesday. I hope they are so true, but my intel does not tell me that. We just have to wait. Bankers are still excited and still on high alert. There has been a lot of money being moved around the world. Everything is good, we are in a strong place.
10-21-2012 Newshound Guru Vic1 Shabibi will be in Baghdad, on Tuesday! I do not doubt... will see many HEADS, Fly!!!
10-21-2012 Intel Guru Bluwolf SINCE WEDNESDAY AFTERNOON ALL BANKS AND GOVERNMENTS HAVE GONE SILENT, THEY ARE IN TOTAL BLACKOUT. SOME SOURCES SEE THIS THING COMING IN ON MONDAY BUT I WILL TREAT IT AS A RUMOR AT THIS TIME. SOURCES IN BAGHDAD SAY THAT ALL IS SECURE AND THAT OUR TROOPS ARE DOING A GOOD JOB BY IT. THERE IS NO NEGATIVE NEWS OF GOVERNMENT IN IRAQ AND ALL IS READY TO GO ACCORDING TO SOME BANK EXSECUTIVES. IN MY OPINION, I SEE THIS COMING OUT THIS WEEK FOR THERE IS NOTHING ELSE HOLDING IT. POLITICAL PROTOCOL IS NO MORE.
10-20-2012 Newshound Guru Bondlady I...still do believe there would and will be a rv...what i dont believe is that it will come out in the magnitude many...have claimed...what i believe and believed is that it would come out very small and crawl up.....at best a 1-1... this is what i believe and still believe. [post 2 of 2]
10-20-2012 Newshound Guru Bondlady everything we ever believed in per shabibi...was it false? or was it trumped up because some disagreed with what shabibi wanted to do with the iqd...what i did the 1st day of the release of all the info to us thru the news...of the charges brought against shabibi...was make a ton of over seas calls to try and verify the validity of this news and to get there opinions of what was going on....what i could gather from these calls...bankers in 4 different countries, an 2 dinar brokers who deal with the middle east, and i talked to a couple of personal contacts that i have that have family and business in iraq and jordan as well...what they had told me about...shabibi being pro RD...and the ones in parliament and the gov who were opposed to this and wanted a RV instead and fought him on his project...some said that wasnt it and most had a hard time with shabibis plan because they totally held the belief when the 000 came off it meant there currency was back to normal and with the normal rate it held before the 000 were applied. [post 1 of 2....stay tuned]
10-20-2012 Newshound/Intel Guru BGG The good news is Sadr is back in the game. That will fold nicely to where things are going. They are waiting for Maliki to implement the power sharing agreement. Maliki has been wanting to increase the value of the dinar for sometime. He gives the appearance of being a legitimate government, but they are not, not until they put that power sharing agreement into place. He has wanted to get his hands on the dinar, get his hands on the reserves. There is a slim chance, about 10%, that Maliki would pull some kind of free float right now. Of course, things need to stabelize, that would be better for everyone. The UN and the US have issued very stern warnings to Maliki about all this. We need to relax and let this play out for a few days.
10-20-2012 Newshound Guru Med IF SHABIBI IS FOUND INNOCENT HE WILL RETURN. I AM SAYING ODDS ARE 51/49 HE STAYS. IF SHABIBI IS CONVICTED IT IS PRETTY MUCH A DEATH SENTENCE CUZ IT IS A MANDATORY 7 YRS. HE WONT SURVIVE. WHAT IS REALLY KIND OF REDICULOUS THE MAN IS WHAT IN HIS 70S AND OBVIOUSLY HAS MONEY, WHY WOULD HE STEAL MORE?
10-20-2012 Newshound Guru BGG Article: "Sadr accused the government of threatening the country’s economy to collapse through the work of the central bank intervention ..." Finally – someone willing to speak out against the GOI for this “sham” of a take-over of CBI!! Figures it would be Sadr.
10-20-2012 Newshound Guru Med THERE IS ONLY A FEW WAYS TO INCREASE THE VALUE AGAINST FOREIGN CURRENCIES. I BELIEVE ONE IS TO PUT IT ON THE OPEN MARKET OR INTERNATIONAL. THEN BY ACTUALLY PAYING YOUR DEBTS AND HONORING PAYMENTS YOU GET A CREDIT RATING WHICH WHEN YOU OWE THE WORLD 350 BILLION USD. OBVIOUSLY, THEY HAVENT DONE ANY OF THAT. NEXT THEY HAVE TO STOP THE CRAWLING PEG, THEY HAVE TO UPDATE THE BANKING. THEY CANT BE FOOTLOOSE BUT THEY NEED SOME AGGRESSIVENESS ALONG WITH OPENING UP THE COUNTRY.
10-20-2012 Newshound/Intel Guru BGG Article: "Deputy: national meeting to be held next month and there are elements of the crisis is over" I’m not buying this line just yet. However – it’s good to hear there is still some faint glimmer for a National Meeting…
10-19-2012 Newshound Guru Adam Montana I do not see the US going back to Iraq - they have come too far and that would be akin to pushing a baby bird out of the nest and then grabbing it right before it flys. Maliki's "friendliness with Iran" - I don't give it much weight. If I lived next to someone like Iran, I'd act like I liked them too. And to sum it up, do any of these things have an effect on the timing? Nope - I think the timing is a result of the path taken to those things.
10-19-2012 Newshound Guru Enorrste If you feel Maliki just is making a power grab and wants to look like a hero without Shabibi, then there is a chance that something will still happen by the end of the year. Like I said ...removing Shabibi does not change the current state of economic affairs in Iraq. Therefore, we may get lucky and Maliki raises the value. [post 2 of 2]
10-19-2012 Newshound Guru Enorrste Think about what would happen if the dinar improved in value 1000 times. Maliki could then just send Iran a check, right? Then Iran would be able to keep the Kurds there by offering them more money. The simple fact is that Maliki could be much more dangerous with a higher valued dinar than with it the way it is. As I have stated before I cannot see what motivates him to stop the appreciation of the dinar. He will be a hero if he allows it to float. There is, in my mind, no reason why he would not allow this. Yet he appears to have fought it for years now. Go figure. [post 1 of 2....stay tuned]
10-19-2012 Newshound Guru Adam Montana A major RV of the Iraqi Dinar will have an impact on the entire global economy and therefore every currency in the world - but the VND and IQD are not uniquely connected.
10-19-2012 Newshound Guru Kaperoni DinarAlert is excited to have another Conference Call...Friday, Oct 19th, 2012 @ 8pm CST hosted by Enorrste, Russell and Kaperoni. This is a very special call as we will clarify where we (investors) stand. This call will explain in detail, the initial plan for the RV, the subsequent change to a float and any new timeframe as a result. Please join us...this may be our single more important call pertaining to the current situation. Q & A will follow as time permits. (805) 399-1000 Code: 296983#
10-19-2012 Newshound Guru Enorrste I believe that Shabibi appears to have acted professionally and honorably during the period in which we have had our attention on him. In addition it is quite clear that he has had many admirers within his own country. And of course his reputation extends well beyond the borders of Iraq. His resume is impeccable as well. So we are left with this feeling of wanting to say, What's with this? It simply does not make sense...there clearly is a problem at CBI and Shabibi is ultimately responsible for it. [post 2 of 2]
10-19-2012 Newshound Guru Enorrste I did not say that he [Maliki] would take over the CBI. I only said that he would try to do so, and he is trying to do so. The four bankers who were corrupt was a problem that occurred over 3 years ago. Even supposing that they were behind the loss of the $6.6 billion the "buck" still stops with Shabibi who should have handled the situation back then and reported his conclusions to the Parliament. He did not do that, apparently. Therefore, he was either ignorant of the problem (which he clearly wasn't since he called for their removal) or he was in some way complicit in the problem. Either way, he is guilty. He was the boss; the buck stops with him. If the money is missing it doesn't matter whether he stole it or not. What matters is that he was responsible. Hopefully he will have an opportunity to clear this up. [Post 1 of 2....stay tuned]
10-19-2012 Newshound Guru Adam Montana I understand that a lot of people - myself included - can grow weary of the constant delays, the never-ending set backs, the missed dates, the... well, all of it. But, I think it's important to remember that as long as Iraq is going forward and the money is gaining value (which it IS, albeit not as much as we want YET!)... as long as the country is moving in that direction, then it's just a waiting game and the best thing to do is keep a level head, take deep breaths, and stay sane. This thing is going to play out the same no matter how emotional you do or don't get, so just enjoy the ride.
10-19-2012 Newshound/Intel Guru BGG My further comment on the overtake of the CBI – there may be (as they have been calling to happen for a while now) a chance the CoM addresses the value of the Dinar by allowing it to “free float” on the open market and allow the market to determine it’s value (while they have temporary control). Just a possibility – I’m not terrifically sold on this idea. [post 2 of 2]
10-19-2012 Newshound/Intel Guru BGG There is a very “push – pull” conflict developing on the Iraqi political scene. As I started predicting (again) recently the prospect of a successful National Meeting with Maliki at the helm is more and more a thought of the past. I am “predicting” the removal of Maliki at some point in the foreseeable future. It is becoming clearer and clearer he has no intention of honoring any agreement or participating in a democratic government. I suspect Talibani and the opposition are coming to this realization. [post 1 of 2....stay tuned]
10-19-2012 Intel Guru Blaino THE SPEED OF THE NET AND ALL THE TRANSPARENCY OF THE COMINGS AND GOINGS MAY HAVE FORCED THEM TO COME UP WITH NOVEL AND UNEXPECTED METHODS...AND THEY HAVE, IT SEEMS! MALIKI GOES TO MOSCOW...BUYS WEAPONS??? UNDER CHAPTER 7??? AND THE UNITED NATIONS STANDS MUTE??? REALLY??? THE CBI "FIASCO" & THE WARRANTS FOR SHABIBI, THE CRIMINAL GOINGS ON WE HEARD WERE HAPPENING IN THE CBI, ALL OF IT THREATENS TO TURN INTO...HOT AIR! ARE WE SEEING THE UNFOLDING OF A MASTER PLAN? ME THINKS WE VERY WELL MAY BE! [post 2 of 2]
10-19-2012 Intel Guru Blaino THERE HAVE, IN THE LAST FEW MINUTES, BEEN SEVERAL ADDITIONAL TIDBITS OF INTEL WHISPERING IN MY EAR...WE MAY SOON ADJUST OUR RECENT CHANGE IN...ALERT LEVEL YET AGAIN AND THE LENGTH OF THE "PASS" THAT I PUT OUT LAST EVENING. I AM MORE AND MORE CONVINCED THAT MOST OR ALL OF THE MARKERS HAVE BEEN HIT...AND HUSHED! WERE THEY TO GO PUBLIC WITH ALL THESE INDIVIDUAL POINTS, THERE WOULD NATURALLY BE A RUN ON THE IQD... [post 1 of 2....stay tuned]
10-19-2012 Newshound Guru Med I WAS DOING SOME THINKING ABOUT CBI AND THE CORRUPTION...THE ISSUE IS THE FUNDS, CORRUPTION OF THE AUCTIONS...ACCOUNTABILITY. EVERY DOLLAR TAKEN IN, EVERY DOLLAR SENT OUT, WHETHER DINAR OR USD IS POSTED- EVERY SINGLE AUCTION. IT IS POSTED IN THE GAZETTE, IT IS POSTED ON CBI AND THEN THE LOG SHEETS ARE FOR DOWNLOAD ON CBI'S WEBSITE. THE ACCOUNTABILITY FOR EVERY TRANSACTION IS RIGHT THERE IN PLAIN SIGHT. THE TRANSACTIONS ARE SO SIMPLE IT IS LIKE RUNNING A LEMONADE STAND IN YOUR FRONT YARD.
10-19-2012 Newshound Guru Enorrste I strongly doubt that Shabibi will recover from this, in spite of the fact that he has made a statement to the affect that he will be exonerated. Finally, we must once again look to Maliki himself. As unappealing as that proposition is, it appears that he holds all of the cards now. Since he has personally chosen Shabibi’s replacement it would appear that whatever he says will be what happens regarding the value of the dinar. [post 3 of 3]
10-19-2012 Newshound Guru Enorrste ...we have received a report that gives the real reason behind Maliki’s actions. The report is quite explicit and detailed in showing that Maliki has been frustrated in his attempts to get dollars into Syria and Iran, and the frustration has come from the CBI itself. Therefore, this move to oust Shabibi is really related to funding for Syria and Iran and not to corruption within the bank itself. Unfortunately, however, the reality is that there is a problem at the bank, and Shabibi was either behind it or ignorant of it. In any case, it seems that the Council was justified in its actions. [post 2 of 3....stay tuned]
10-19-2012 Newshound Guru Enorrste “Where we are with the Removal of Sinan Shaibi..." My initial predisposition was to believe that this entire situation is politically motivated. However, I am...led to conclude the following: while it is clear to me that Maliki is still trying to take over the CBI for his own nefarious purposes, it is also clear now, based on Najafi’s report, that there is way too much smoke at the CBI for there not to be a fire there...there is clearly more behind this than what we have seen on the surface. [Post 1 of 3....stay tuned]
10-19-2012 Intel Guru Bluwolf DO NOT AND I REPEAT DO NOT GIVE UP YOUR DINARS JUST BECAUSE SOME EVIL OR NEGATIVE NEWS TELLS YOU TO DO SO...YOU HAVE NOT BUT A CLUE ON HOW MUCH MONEY IS COMING YOUR WAY...YOU SHALL BE BLESS IN A BRIEF TIME.
10-19-2012 Intel Guru Blaino WE HAVE RECEIVED INFORMATION THAT CONNECTS THE RV TO THE US ELECTION TIME FRAME AND THERE APPEARS TO BE A CONCERTED EFFORT TO KEEP IT FROM BECOMING A FACTOR ON EITHER SIDE OF THE TWO PARTY SYSTEM IN AMERICA. IF THERE IS A SUBSTANTIAL COUNTER INTEL IN THE NEXT HOURS OR DAYS THAT CAUSES US TO RE-ASSES, WE WILL SHARE THAT NEWS WITH YOU ASAP! THE INTEL TEAM...HAVE DECIDED BASED ON RECENT INTEL AND CONFIRMATIONS TO INSTITUTE A "PASS", IN EFFECT TILL NOVEMBER 7TH, 2012 WITH A REDUCTION IN "...ALERT LEVEL" TO LEVEL 4 UNTIL FURTHER NOTICE, WHICH MAY COME BEFORE NOVEMBER 7TH, 2012. **** 10-19-2012 CONFIRMED MAJOR NEW ALERT **** The head of the CBI, Shabibi, has been removed from his position...this is obviously big news. We do not know how this affects the future of the dinar at this point. If you are not already signed up for Dinar Guru member...now is a good time to become a member of the community--I will personally let you know of any dramatic happenings...Enter your name and email in the box above.
10-18-2012 Intel Guru Footforward There will be zero intel between now and the RV, not just articles, but in the news. The RV can happen at any point. I don't have an exact date. There are a few people that need to be dealt with. Things need to play out so as not to create chaos. Do not give up on this do not give up your dinar. This will be a massive opportunity, a massive blessing. Iraq is a wealthy nation, they have the backing to have a high rate. [post 3 of 3]
10-18-2012 Intel Guru Footforward If Maliki is such a big problem, then why hasn't he been removed. Maliki is there to hold down the fort & Shabibi is there to get Iraq in place to get the RV done & this has been done a long time ago. The GOI has nothing to do with the RV. The CBI & the GOI are two separate entities, the GOI does not have any control over the RV. A bunch of laws will come into effect after the RV happens. They printed a new currency with a new language on it, but our currency will not be worthless, both currencies will be used, the ones with 2 languages and the ones with 3 languages. [post 2 of 3....stay tuned]
10-18-2012 Intel Guru Footforward A few weeks ago I said that they the evil "powers that be" were going to make the dinar not appealing & make people want to give up their dinar, that the dinar was unstable. I think this is what we got, this whole Shabibi thing. We knew the closer we got to the end, the more misinformation would come out. I don't know why people believe what comes out in the news articles. This stuff coming out about Shabibi is not true. Shabibi was not arrested and there was no warrant for his arrest. He is not a fraud, he hasn't stolen anything, he isn't dragging his feet. Back in June, he was ready to revalue the dinar, he had done everything he needed to do & it was held back by the "powers that be". They took control and said it would not take place until they were ready with a global reset. Shabibi is not the problem, not an issue. [post 1 of 3....stay tuned]
10-18-2012 Intel Guru Bulldog75 Article: "Iraq has signed a new contract to buy its second set of 18 F-16 fighters from the United States..." [So, where is Iraq getting all this money to buy fighter jets?] ANSWER: OIL CONTRACTS AND PENDING REVALUATION CURRENCY.
10-18-2012 Intel Guru Bluwolf AS I EXPECTED SHABBIBI IS BACK IN POWER AGAIN...A LOT OF MISINFORMATION WILL BE COMING OUT BUT YOU NEED NOT BE CONCERN...ALL IS STILL AS EXPECTED AND NOTHING HAS CHANGED...ALSO, THERE WILL BE A GREAT SILENCE COMING OUT OF ALL BANKS AND ALL NATIONS...I HAVE SAID MANY TIMES THAT THIS WILL BE A SILENT ONE...WE ARE STILL MOVING FORWARD IN THE CORRECT DIRECTION...WE ARE CLOSE THAT IS ALL I AM GOING TO SAY...VERY VERY, CLOSE.
10-18-2012 Newshound Guru Adam Montana [Do we have an exact count of how much Dinar is actually in circulation at this time? I have read conflicting counts…] Conflicting counts is a nice way of putting it. No, we don't have an exact count. The CBI would be the only place to get it, and they contradict themselves regularly on this topic. It's my opinion that they do not WANT that information out there, because they would lose some control of their future plans if every detail was transparent.
10-18-2012 Newshound Guru Vic1 MALIKI HAS SET UP HIMSELF! SHABIBI...WILL BE THE ONE TO FINISH HIM OFF, I REALLY DO BELIEVE! THERE IS NO,DELAY! NAJAFI...SAID NO ONE TAKES A VACATION...WE NEED TO FINISH UP OUR BUSINESS! THE 4 DAY HOLIDAY, THE EID EL ADHA, WILL NOT STOP OUR PARLIAMENT! THE 26, 27, 28 AND 29TH. THE BUDGET WILL BE DISCUSSED IN NOVEMBER. THE INTERNAL ISLAMIC CALENDER BEGINS NOVEMBER 17TH.
10-18-2012 Newshound Guru Mailman17 THE ONE THING MALIKI HAS THAT ULTIMATELY WILL BE HIS UNDOING IS...HIS DICTATOR MENTALITY, THAT NOTHING CAN TOUCH HIM. SHABS JUST MAY HAVE STALLED THIS PURPOSELY KNOWING THE OUTCOME AS FAR AS CORRUPTION, WAITING FOR SOMEONE TO ACT. JUST A THOUGHT. THROUGHOUT THIS ALL...DID ANYONE SEE SHABS EVEN BREAK A SWEAT LIKE HE WAS WORRIED? HE WAS COOL AS A CUCUMBER...AND AS FAR AS I AM CONCERNED SHABS IS STILL IN CONTROL UNTIL I SEE OTHERWISE. [post 3 of 3
10-18-2012 Newshound Guru Mailman17 WITH THE THREAT OF POSSIBLE REMOVAL OF MALIKI DUE TO CORRUPTION AND VIOLATION OF CHAP. 7, HE MUST DO WHAT? GET WHO OUT OF THE WAY...THE ONE MAN IN HIS WAY...[SHABIBI]. THIS LAST POWER PLAY BY MALIKI JUST MIGHT GIVE THE UN A FINAL REASON TO STEP IN AND REMOVE HIM ON [CHAPTER] 7 VIOLATIONS...AND THEN LET THE COURTS SETTLE THE CORRUPTION. [Post 2 of 3....stay tuned]
10-18-2012 Newshound/Intel Guru BGG How anyone can look at Maliki overtaking the CBI and their reserves as a good thing absolutely boggles my mind. HE’LL BUY WEAPONS WITH THE MONEY SHABIBI WOULD HAVE USED TO ENSURE YOUR BLOOMING RV!!!! I fully expect this latest move to come under great scrutiny over the next few days – it is almost sure to undergo Judicial Revue…not to mention a probable international (as in UN) intervention. [post 3 of 3]
10-18-2012 Newshound/Intel Guru BGG 6) The Chief Justice on the SJC vacated the arrest warrant for Dr Shabibi and assured discipline for the issuing judge...7) The Parliament had 5-6 laws lined up to vote on that would essentially “sew Maliki up” and once he saw no way out – he organized an SLC boycott and walkout to avoid the coming accountability (this was on Monday)...9) Maliki unilaterally removed Dr Shabibi and put an “interim”... [post 2 of 3....stay tuned]
10-18-2012 Newshound/Intel Guru BGG I recounted this because it appears everyone has forgotten this chain of events?? 1) The CBI (Shabibi) put out an article – they were basically ready to address the currency value – they were just waiting on the government...2) Jubouri came out asking (“calling for”) Shabibi to allow the value of the Dinar to be a “free-float”, market value…3) Maliki went to Russia and Czech Republic signing weapons contracts (purely unconstitutional) ...4) Maliki sent troops, artillery and tanks to surround the disputed city of Kirkuk...5) Maliki’s gang on the CoM (Council of Ministers) issued an arrest warrant for Dr Shabibi... [post 1 of 3....stay tuned]
10-18-2012 Newshound Guru SWFloridaGuy I think economic committee member Abdulhussain Abtan said it better than anyone this morning. He said, "The global economic crisis will stimulate investment in Iraq and has forced the major powers of the world to enter into Iraq for the purpose of investment opportunities which promotes all economic fields." Abtan went on to say that, "Iraq is one of the countries with large investment opportunities in all economic fields and will be a gateway to revive the world’s economies..." This, of course, does not reference a RV, RI, RD, float, change in peg, hybrid solution etc., but rather signifies a more general positive economic outlook for the country of Iraq. This speaks to the basis of the IQD investment in my opinion. It's long term (approaching a decade) but clearly a strong bet, which I think we can all agree is an accurate assertion.
10-18-2012 Newshound Guru Doc We waited a few days to confirm information about Shabibi. It appears from all sources and news outlets that he indeed has been replaced. Several sites are trying to spin this positively but only time will flush it out. In the mean time we speculate on three possible scenarios. First is Shabibi is in fact guilty of what he has been accused...A second scenario is that the GOI wants rapid currency appreciation and Shabibi wanted currency reform in more of just a RD with gradual appreciation...The third scenario is as we have pointed out previously is that Maliki is attempting to stall currency reform. There is a fourth scenario which goes like this. Shabibi is presented as a crook to the public... There are still many unanswered questions with these actions against Shibibi. As with all of this it will take some time for the truth to surface. Sit tight until then. We report, you decide. [complete explanation of all of Doc's scenarios was emailed to Dinar Guru members...not a Dinar Guru member? sign up in blue box above to get things like this sent right to you.]
10-18-2012 Newshound Guru Mailman WHO IN IRAQ WANTS THIS RV MORE THAN WE DO? NOT SHABS...[MALIKI] BECAUSE HE STANDS TO GAIN 100S OF BILLIONS POST RV, DEPENDING HOW MUCH HE AND HIS CRONIES HAVE STOLEN. TIME AND TIME OVER...MALIKI HAS TRIED TO TAKE OVER THE CBI . THE MAIN REASON FOR SHABS HOLDUP ON THE RV IS PERSONAL...AS LONG AS HE CAN MAINTAIN INFLATION, HE CAN ALSO KEEP MALIKI FROM USING IT. [Post 1 of 3....stay tuned]
10-18-2012 Newshound Guru Adam Montana [Do you think a float may be what CBI has planned, or do you think it will be a RV?] This one has been the center of MUCH debate over the years, and in my opinion it's a draw. Either one allows for significant growth, and both have their +s and -s.
10-18-2012 Newshound Guru Med I AM NOT SURE THAT I AM TOO HOT ON SHABIBI COMING BACK AND MOST OF THOSE I TALKED TO FELT THE SAME WAY. SHABIBI HAS BEEN VERY CAUTIOUS AND...MALIKI HAS COME TO SHABIBI AND ASKED HIM TWICE TO INCREASE THE VALUE OF THE DINAR. BOTH TIMES HE DID NOT BUT IF YOU DO GO BACK AN READ THE ARTICLES, THIS IS THE PROBLEM. HOW COME AFTER ALL THESE YEARS THE DINAR IS NOT WORTH MORE. ALSO, ANOTHER THING, THE PAR VALUE PAR DOES NOT MEAN 1 TO 1, PAR MEANS THAT IT IS ON THE POSITIVE SIDE OF THE ZERO. RIGHT NOW IT, IN ALL REALITY, HAS A NEGATIVE VALUE. [post 2 of 2]
10-18-2012 Newshound Guru Med IT IS IN EVERY ARTICLE...HOW COME THE DINAR IS NOT WORTH MORE? THEY DONT WANT IT HELD BACK. THE ISSUE THAT IS PUTTING SHABIBI OUT TO DRY RIGHT NOW IS THEY ARE UPSET THAT THE DINAR EXCHANGE RATE IS NOT MORE AND CLOSER TO PAR WITH THE USD. WELL HE WONT BE SINCE IT HAS BEEN FOUND OUT THAT MOST OF WHAT HAPPENED WAS ILLEGAL AND AGAINST THE CONSTITUTION. THE COUNCIL OF MINISTERS HAVE NO RIGHT TO SUSPEND SHABIBI. ONLY PARLIAMENT DOES AND ONLY PARLIAMENT CAN FIRE HIM AND ONLY PARLIAMENT CAN PICK A NEW ONE. [post 1 of 2....stay tuned]
10-18-2012 Newshound Guru Adam Montana there are still news reports that show Iraq is not yet as perfect as the US, but quite honestly - I think they are very stable and are getting more stable all the time. Now, the current situation with Shabibi is going to be a rocky one for a week or three, but there's simply no way to expect an RV to happen without a few heads rolling! What we need to focus on is one question: "Is Iraq heading the right way?" I can answer that with a YES, and that's all I need to make me happy with my decision to invest in the Dinar.
10-18-2012 Intel Guru Bluwolf HE [SHABIBI] HAS NOT BEEN ARRESTED FOR HE IS OUT OF THE COUNTRY, THOU HE HAS A WARRENT FOR THE FACTS ESTABLISHED...THE FINGER IN THE NEWS POINTS TO ANOTHER AND IT IS THE PM. THE U.S. MUST STRAITEN THE TWISTED TREE IN IRAQS GOVERNMENT, IF NOT DEMOCRACY CANNOT BE. [do we think it will be days or weeks or months?] AT ANY MOMENT, ALL IS SILENT, ALL IS DONE PERIOD. NOTHING HAS CHANGED.
10-18-2012 Newshound Guru Enorrste However, it is my opinion that this will not be allowed to go through without a “conference” between Maliki and the UN/US. I suggest we wait this out. Remember, Maliki tried this once before and it fell on deaf ears. At that time he was apparently intimidated and failed to act. The fact that this time he is acting does not make it any more legal. In fact, I suspect that a hailstorm of protest will occur and that we will see his “decision” reversed in short order. [post 3 of 3]
10-17-2012 Newshound Guru Adam Montana the BIG news is on Shabibi...he is at least temporarily replaced by Abdul-Basit Turki in the role of head honcho at the CBI. There have been no charges filed at this time, BUT warrants for Shabibi and at least 29 other bank officials have been filed. Maliki seems to be at the head of this charge, and the reason is stated to be financial crimes. This comes after a very strong trend in news about banking transparency and advancements. [post 1 of 3....stay tuned]
10-17-2012 Newshound Guru Phoenix3333 The allegations about Shabibi are real. Mr. Shabibi has been heavy into the IMF for a long time, heavy into the World Banks, he is an economic heavy weight. Maliki and Talabani met with heads from the Obama Administration, big meetings regarding the CBI, the currency & the next thing we know Shabibi has been removed & replaced. The IMF are bankers, it doesn't care about the people, it wants to know that they can get their money back. What if the IMF wanted Iraq to be so far under that they had to take out loans from the IMF. Who better to become their debtor & repay loans than Iraq with all of their wealth. So, why doesn't Iraq revalue their currency? When? What if Iraq wants their wealth back and the man put in place says no. Maybe Mr. IMF was in control there, & has now been removed. Do I think they will move forward quickly? Yes, I do.
10-17-2012 Newshound Guru 8Ball Article: "Cabinet approved the recommendations of the dinar exchange rate fluctuations and the formation of a committee to review the previous sales in auction" with all the articles about Shabibi and now a cabinet approved law to do with the rate of exchange...I'm good. Now Talibani has to approve before it goes to the gazette.
10-17-2012 Newshound Guru Bondlady the corruption in iraq is horrid and sadly enough we had that going for us in this investment...the corrupt would never want a lop...they would want an rv hence helping us and them too no doubt. it's being said shabibi did want to rd basically lop and they sat out to prove he was corrupt but because the cbi is independent no one could see whats going on behind the cbi walls. it now appears shabibi has indeed been replaced, several are telling me that this guy who replaced him is for an rv. he is 1 of 100's that want an rv that are involved in this arrest warrant thing...if he rv's, its binding...no take backs...he is the cbi gov, Abdul Basit Turki. [post 4 of 4]
10-17-2012 Newshound Guru Bondlady after talking to many people today, they believe that shabibi was set to rd the currency...he had as much said that and from the articles we've seen we saw that coming but to release the coins would have had to have a rate and not 1166...its being said that for 3 yrs shabibi has purposely kept the dinar market rate lower than it should have been, making literally millions and millions on what we might call a spread but different...that many people think he purposely kept it under valued and took the difference...many politicians in iraq did not want a rd or a lop. if this would have happened then he supposedly would have been able to export the currency a lot more for less and sell high. [post 3 of 4...stay tuned]
10-17-2012 Newshound Guru Bondlady there was an auction that went through the cbi that registered something like 4,000,000 or something to that affect but there was only like 4,000 that could be accounted for might even been more than 4 million...this was what a jordanian banker tried to explain to me, but it was very difficult to understand, language barrier, so the amounts of any of this weren't correct, but...the song remained the same...if this is indeed so, then there was corruption going on unless you can explain why in the wall street journal they named like 27 billion on imports paid out but only 4 billion recorded...the banker was trying to tell me but i couldn't get the numbers right...this is one incident out of several about money that was supposedly paid for imports through the cbi...imports never received...money never found...the bottom line...is shabibi is the central bank governor, the buck stops there. [post 2 of 4...stay tuned]
10-17-2012 Newshound Guru Bondlady i have an announcement...i've been taking calls trying to get the information...different time zones you know...i've talked directly to people in iraq also...i've also talked to two brokers and a bank in iraq, also a bank in dubai...i don't jack with tellers so it was higher up, also i've talked to ali (dinar trade)...i'm not going to lie...i'm pretty shocked to say the least...it appears there may be some truth to shabibi being involved... [post 1 of 4...stay tuned]
10-17-2012 Intel Guru TerryK Article: obelisk: "Iraq's Council of Ministers approved, on Tuesday, the recommendations of the Commission study the fluctuation of the exchange rate of the Iraqi dinar, which provides coordination, consultation and exchange of information in conjunction with the dismissal of the governor of the central bank." that article is brand new. It’s big. Cabinet approved the recommendations of the Iraqi dinar exchange rate after the dismissal of Shabibi. Shabs is looking to get out. [the] 19th of this month he wants to retire...there is a date out there. i’m expecting some news tonight so we shall see.
10-16-2012 Intel Guru Hammerman Everything went well with the meeting in Hong Kong. A key member was not there, I am suspecting it was Maliki or Shabibi, but that this person would sign off on the new paperwork on Friday. Every 60 days the papers have to be signed again and will until the RV happens. High officials from Hong Kong said do not expect any intel until after Nov. 7th. Anything we hear from now until Nov. 7th, take as smoke, lies, misinformation. Unless I can verify it or it is proven to me, I won't believe it. I believe the IQD and the VND will revalue in the very near future. I am hearing the VND will be $.68 - $.88 & China is trying to get it to go. I think we are in a very good place. I am still looking to mid to late November for an RV. [post 2 of 2]
10-16-2012 Intel Guru Hammerman My sources told me to look for misinformation on Shabibi. I don't think Shabibi is gone, he is one of the most respected people in Iraq. He is not doing anything fraudulent or illegal. I was told 2 weeks ago a lot of misinformation about Shabibi would come out, I believe that Shabibi's arrest warrant or suspension was a pretty well planned out, played out exercise to throw us off, to get us off base. [post 1 of 2....stay tuned]
10-16-2012 Intel Guru Blaino What If "S" [SHABIBI] ALWAYS SAID HE WOULD HOLD THE RATE AND THE RV PENDING THE COMPLETION OF CERTAIN THINGS...MALIKI MAY ACTUALLY ACCELLERATE THIS NOW WITH SHABIBI OUT OF THE WAY.... MIGHT BE GOOD FOR US IN A SIDEWAYS KIND OF WAY! MALIKI WAS NOT DEAD SET AGAINST THE RV, JUST DIDN'T WANT TO DANCE TO SHABIBI'S TUNE ON "PREREQUISITS"... THIS COULD BE HIS WAY OF HAVING HIS CAKE AND EATING IT TOO. IF HE (MALIKI) IS ABLE TO CLAIM RESPONSIBILITY AND GET THE MASSES BEHIND HIM ... HE CAN WRITE HIS OWN TICKET.
10-16-2012 Newshound/Intel Guru BGG Shabibi being temporarily removed from the CBI is a very political move and I don't think Maliki will be allowed to do this. A Supreme Court Justice has to look at this. I don't think it is even constitutional for him to do do this. The GOI, the executive branch, has very little say over the CBI. This is probably the final straw to have Maliki removed. The UN is over there and the U. S. is there. If they, Maliki's group, get their hands on the currency it going to be trouble for everyone. Talabani will still try to get the National Meeting done, but there will probably not be a National Meeting with Maliki in power. This is a great opportunity, a lot of movement, once they get this taken care of, then we will be in a position to move forward.
10-16-2012 Newshound Guru Med THE GUY WHO IS NOW IN CHARGE OF CBI TEMP... IS THE ONE WHO STOPPED THE ARREST A COUPLE DAYS AGO AND THERE ARE NO SUNNI'S IN THE NA THE NA IS ALL SHIA. PROF OF ME ECONOMICS...SAID THAT THIS PROBABLY IS GOOD FOR THE DINAR. THAT SHABIBI HAS GONE AS FAR AS HE CAN WITH THE DINAR AND THEY THINK THAT MALIKI REALLY WANTS THE DINAR TO REVALUE BUT SHABS WAS DRAGGING HIS ***...REMEMBER, MALIKI WAS TOTALLY BEHIND THE 09 RV.
10-16-2012 Intel Guru Blaino One of his [Shabibi's] lawyers, Waleed Mohammed al-Shabibi, defended the governor's innocence. "These charges are politically motivated. Al-Shabibi is honest and professional," said the lawyer. "The government is planning to replace him with another official who takes orders from the government." Al-Moussawi, the prime minister's spokesman, denied the charge, saying there was no political motivation behind the move. The bank governor himself could not immediately be reached for comment. His lawyer said al-Shabibi is out of the country. He declined to say where.
10-16-2012 Newshound Guru Phoenix3333 this is interesting... Article: "Spokesman: Iraq Cabinet Names Interim Central Bank Governor Iraq's" Cabinet on Tuesday named an interim replacement for the country's central bank chief, who was suspended amid an inquiry over currency manipulation, the premier's spokesman. "The cabinet decided to authorise Abdelbassit Turki, the head of the Board of Supreme Audit, to run the central bank indefinitely," Prime Minister Nuri al-Maliki's spokesman Ali Mussawi said, adding that Sinan al-Shabibi had been suspended from his post by the country's anti-corruption watchdog. The watchdog, known as the Integrity Commission, confirmed on Tuesday that it had opened an inquiry into the Central Bank of Iraq (CBI) tied to alleged manipulation of the Iraqi dinar's value against the US dollar. "I can confirm that we received the Central Bank dossier from the integrity committee in parliament," said Hassan Aati, spokesman for the Integrity Commission. "It is currently under investigation.
10-16-2012 Newshound Guru Administrator Bob Articles coming from Iraq appear to indicate Central Bank of Iraq, the Governor Sinan al-Shabibi has been removed from office. Al-Maliki's Council of Ministers has apparently appointed Abdul Basit Turki interim governor. This is significant as it relates to our investment.
10-16-2012 Intel Guru Frank26 My broker got a call from his broker from the CBI & he told him that the Iraqi dinar went up in value, $46 per million. Then, an article stated that the IQD just went up in value. There is an urgency to raise the value of the Iraqi dinar. Trillions, upon trillion, upon trillions are being paid with Iraqi dinar out of the GOI & they don't have that many. The budget says it's 127 Trillion. That's either a fantasy, which they will never meet or a reality that we are about to be told.
10-16-2012 Newshound/Intel Guru BGG Article: "Shabibi reach Baghdad and initiate work at the Central Bank" This further confirms...Dr Shabibi got back to Baghdad and went directly to work – NO PROBLEM. No arrest warrant, no drama, no foolishness. He’s got real work to do and real problems to solve. Mark my words – Maliki had big trouble brewing for himself.
10-16-2012 Newshound Guru Med THERE WAS A TREMENDOUS AMOUNT OF QUALITY ARTICLES POSTED. ONE BY THE INTEGRITY COMMITTEE BEING UPSET THAT THEY ARE NOT BEING ALLOWED TO DO THEIR INVESTIGATIONS AND DETERMINE IF IRREGULARITIES ARE FOUND. YOU HAVE THESE AND I HATE TO EVEN USE THE NAME FROM THE STATE OF LAW GOING TO THE FEDERAL COURT WHICH WE ALL KNOW HAS BEEN IN THE POCKET OF MALIKI. THEN WE FIND OUT THAT MALIKI PROTECTED 3 BANK MANAGERS WHO SHABIBI WANTED DISMISSED MANY YRS AGO...THEN WE HAVE THE 530 TRILLION DINAR. YOU HAVE IT ONCE IN THE MEDIA ONCE, THIS IS NEWS BIG NEWS. BUT, I BET IF THEY SAID SHABIBI UNDERPAID FOR AN ITEM BY ACCIDENT HE WOULD BE ON DEATH ROW. THIS GUY AND HIS FOLLOWERS ARE SNAKES.
10-16-2012 Newshound Guru Kaperoni “A statement from the U.S. embassy in Baghdad yesterday that "Iraq's dependence on oil revenues entirely may display the development process of a diversified economy for the private sector at risk," noting that "the report of trade Tijara economic development regional Among its recommendations emphasizes the development of agriculture and industry in Iraq as both the two through which provide work for future generations in Iraq. " So what are they really saying here...? This is a very indirect – direct way of saying you need to raise the value of your dinar.
10-15-2012 Newshound/Intel Guru BGG There is news today that Maliki walked out of Parliament because of the Infrastructure Law. He wanted it passed "as is" & they said they would fix it to where we all like it. He just has a terrible time sharing. He walked out to delay this a little longer. I don't think they can delay for very long. From now to the next 10 days, you will see the news get very frisky, exciting to watch. We are headed in the right direction for sure. I see a solution in the near future. This is all fantastic news.
10-15-2012 Intel Guru Blaino I HAVE NO CONCERNS RE: ANY POLITICALLY MOTIVATED MOVES AGAINST THE GOVENOR OF THE CENTRAL BANK IN IRAQ...NOW IT SEEMS THAT THE TRUTH IS OUT AND MALIKI IS THE ONE IN TROUBLE I SEE NO CONNECTION TO THE RV OR ANY TROUBLE FOR US...JUST MY OPINION...I WILL SAY THAT NOW IS THE TIME TO "BE PREPARED IN ALL RESPECTS" FOR THE ENDGAME. ACT ACCORDINGLY, ACT RATIONALLY! WE ARE INDEED CLOSING ON OUR target.
10-15-2012 Newshound Guru Kaperoni The way I see it, there are two courses of actions. 1. sweep it under the rug and move forward. Which may not be so bad if it helps get the dinar value up soon. or.. 2. These political forces take notice and demand Maliki's removal. He won't leave on his own, and the US position is to do nothing. If you ever wondered how Maliki could build hotels, own newspapers, on his PM salary? Well it is clear with 4 corrupt officials working in and around the CBI, Maliki is getting his share. Which is exactly why he does not want Shabibi to change the currency and go international.
10-15-2012 Newshound/Intel Guru BGG The whole internet went up in flames over this Dr. Shabibi thing. What do I think about it? Shabibi is well respected in the international community and has the backing of all the major players in the whole world. Don't worry about this. The U.S. and the UN will never let this happen. Then, yesterday word came out that the Chief Justice of the Supreme Court in Iraq disciplined the judge that issued the warrant & rescinded the arrest warrant. This shows that the Supreme Court is leaning away from Maliki and is a little bit in Shabibi's corner. This is the good new for me. All this is good news.
10-15-2012 Newshound Guru Kaperoni This MP Mohammed Saadoun Chihod says they are for the deletion of zeros but not all at one time. In other words gradually - meaning float. He uses reasons again like the GOI said in the past like fear of corruption and fraud as reasons to not move forward. So what we are seeing here is exactly what we predicted. Postponement of the "over night" event, less problems in Iraq, fewer security challenges, etc. and a new course of action which will be a gradual rise in the value of dinar over time (which we have seen other MPs call for the CBI to begin). Then, when they feel it is appropriate, they will bring out an all new currency in Iraq, and officially announce "deletion of 3 zeros complete" which will enact the financial contractual law changing all accounting records. None of that applies to us as all we care about is the rise in value which appears to be about to begin. This is a good article for us...adds more confirmation to float, and it should start soon so they can achieve the goals of a 1 to $1 or higher by sometime middle of next year.
10-15-2012 Newshound Guru Doc It was also just reported that Parliament would be adjourning until the 6th of November. A news source was quoted as "a coalition of state law pulled out of today's session, for failing to vote on the draft law of the Federal Court, which led to a breach of the quorum for the hearing and filed." With this we would not expect any movement on the HCl and therefore currency reform until after this date. We do expect deals to be continued to be struck under the table during this time. We report, you decide. [post 2 of 2]
10-15-2012 Newshound Guru Doc We anticipated Maliki would try something to stop the currency reform plans of Shabibi as we reported last week. We are seeing that response in the arrest warrant being issued against Shabibi. What we love is Shabibi's response saying he "will appear before the judiciary if there was an arrest warrant against him really no fear of justice as long as it is or the administration at the central bank did not fall short in their work." We take this Shabibi is not backing down from Maliki and we are more convinced Maliki was and continues to be the fly in the ointment. [post 1 of 2....stay tuned]
10-15-2012 Intel Guru BWM I'm operating with a "theory" at the moment on timing... am I "expecting" to see something this month...certainly, I hope so... if it doesn't go this month could it go into 2013? certainly, I believe so (against my hopes) but I will be realistic...we have watched "deadline" after deadline come and go... so I look for it every day unless something tells me otherwise...when you hear me say, it's done, it may not be the first "call" you hear...but it will for certain DONE and I'm on the way to the bank when you hear it said.
10-15-2012 Newshound Guru 8Ball Article: "Urgent .. the issuance of an arrest warrant against Iraqi Central Bank Governor" The CBI may just about to do it's job and of course this is Iraq ...they don't like losing the control...CBI is a private company the only way they can stop them is to arrest him...this could also be just media entertainment...we'll see. The way to think of this if they are doing this its to block Shabibi from doing something...after the 2% giveback from Kuwait I think things maybe in full auto.
10-15-2012 Newshound Guru Med [ramesh: so we mit see RV by 17 th of this month] HOW DID YOU FIND OUT ABOUT THE 17TH...I ONLY THOUGHT I KNEW THAT. I NEVER DISCUSSED IT WITH ANYONE. I ONLY WAS WATCHING FOR IT...I HAVE KNOWN ABOUT IT FOR ABOUT 2 WKS IN A PHONE CONFERENCE I HAD ON THE QT. I GAVE MY WORD. I DIDNT WANT TO KEEP IT FROM ANYONE BUT I HONESTLY DIDNT KNOW HOW TO EXPLAIN IT WITHOUT TELLING HOW I GOT IT. [post 2 of 2]
10-15-2012 Newshound Guru Med I FOUND ON THE GAZETTE...THAT THEY HAD PUT OUT ARREST WARRANTS FOR SHABIBI AND TWO OTHERS IN CBI. THEN THEY PUT OUT HE HAD ESCAPED THE COUNTRY. NOW, THIS WAS ALL IN THE GAZETTE WHICH AS WE KNOW IS THE OFFICIAL NEWS SOURCE. WELL IT WAS TRUE BUT ONE JUDGE SAID, WAIT A MINUTE, THIS ISNT RIGHT, I WAS MISLEAD AND THEN THE UN AND OTHER INTERNATIONAL GOT INVOLVED AND IT WAS REVOKED.
10-15-2012 catch up on the latest Maliki, CBI, Shabibi, drama below... Just when I thought I've seen it all politically.. Blanche
10-14-2012 Newshound/Intel Guru BGG Personally – I see Maliki getting removed and soon. Maliki delivered a speech to the leading legal scholars just days before his (ill advised) trip to Russia. Their analysis – we have to get rid of this guy – HE’S CRAZY!!! When the legal community turns against you like this – you’re in trouble – DEEP TROUBLE!! That’s where Maliki is. Big trouble. Most of the recent erratic behavior is just his “last hurrah”. However, please be encouraged – one way or the other it appears a solution is on the way. Especially in light of some of the recent articles.
10-14-2012 Intel Guru Soonerfan62 WE ARE BETTER SHAPE THAN EVER...JUST MY OPINION, OF COURSE. BE GLAD YOU WERE CHOSEN TO BE A PART OF HISTORY THAT WILL ALLOW YOU TO BLESS MANY, VERY, VERY SOON
10-14-2012 Intel Guru Bluwolf SHABBIBI LOVES HIS COUNTRY, HE IS VERY WEALTHY, HE IS A GENIUS IN ECONOMICS, HIS BOOKS ARE BEING SHARED IN HARVARD, HE HAS NO NEED TO COMMIT FRAUDE, HE IS NOT A TRAITOR TO HIS COUNTRY NOR TO THE WORLD. YOU WILL SEE THE END RESULT...ALL HAS BEEN SAID, ALL IS FALLING INTO PLACE, ALL PIECES ARE IN PLAY, ALL BANKS ARE READY...ALL IS NEAR OK.
10-14-2012 Intel Guru Blaino UST AND COMPARABLE SOURCES CLAIM THE RE-DENOMINATING OF CURRENCY VALUES WORLDWIDE HAS COMPLETED IN ALL RESPECTS (GREEN, GOOD TO GO) AND MAY BE DROPPED INTO PLAY AS SOON AS TOMORROW...TUESDAY MORE LIKELY, METHINKS! WE ARE TRYING TO CONFIRM, MOST CONTACTS ARE ASSUMING A MUTE OR "NO COMMENT AT THIS TIME" STANCE...INTO THAT WE READ THAT IF IT CANNOT BE DENIED, THEN IT STANDS AS "POSSIBLE"...A LONG WAY FROM OUT OF THE QUESTION. I HAVE NO CONCERNS RE: ANY POLITICALLY MOTIVATED MOVES AGAINST THE GOVERNOR OF THE CENTRAL BANK IN IRAQ. CONFIDENCE IS HIGH THAT WE ARE IN THE FINAL STAGES OF THIS.
10-14-2012 Newshound Guru SWFloridaGuy So, does the country of Iraq have anything to do with their own currency? Of course they do and it is completely arrogant and ignorant for us to think that they don't. Iraq has received a lot of help to get to where they are today and I believe that they will continue to because those same corporations, foreign governments, banks and powerful organizations all want to exploit Iraq's wealth and natural resources. That's all the more reason to protect their investment and ensure that its success won't be hampered by a dilapidated government. [Post 2 of 2]
10-14-2012 Newshound Guru SWFloridaGuy people are saying this is out of Iraq's hands. I respect their opinion and just wanted to offer my views on the subject. This has everything to do with Iraq and...all is not done, but rather a work in progress that is not on our time-frame. Iraq must have enough political stability to ensure the success of the economic reforms. The CBI's plan (whatever that may be) has been in the works for over a decade and they are not going to compromise its success because the GOI hasn't formed a fully functioning power-sharing government with permanent (not interim) ministers appointed, in addition to having implemented HCL/Article 140 and investment laws passed prior. [Post 1 of 2....stay tuned]
10-14-2012 Newshound Guru Administrator Bob Articles: "Jubouri confirms the issuance of arrest warrants for the central bank governor and the officials" and "Central Bank denies the issuance of arrest warrant reminder governor and confirmed his participation in the conference out of the country" It is apparent that we are sitting in the middle of a developing story regarding the Central Bank of Iraq, the Governor Sinan al-Shabibi and other officials. This is significant as it relates to our investment.
10-14-2012 Newshound Guru Med YOU ALL NEED TO READ THIS. IT IS BIG NEWS, VERY BIG: "A parliamentary committee has made central bank confirms file for "obelisk" the issuance of an arrest warrant against Shabibi". IT IS NOT GOOD. IT IS NOT SMOKE SO FORGET THAT. I ALSO FOUND ONE [ARTICLE] IT SAYS SHABIBI ESCAPED. WHEN I CLICKED ON THE LINK IT WONT LET YOU ENTER. I DONT KNOW WHAT TO SAY...I DONT LIKE IT BUT...I WILL WAIT TO SEE WHAT OTHER NEWS COMES OUT THAT CORROBERATES THIS. SHABIBI IS A LONG TIME UN EMPLOYEE, VERY RESPECTED. THE IMF BACKED SHABIBI ON WHAT HAS BEEN ACCOMPLISHED BY CBI. LETS SEE WHAT THE DAY BRINGS, THIS COULD BE A LIE.
10-14-2012 Intel Guru BWM I was told in no uncertain terms NOT to put a deadline or "back wall" on this thing...there is NO and I repeat NO deadline... it's not saying it can't happen now...but rather it could but to stick an absolute on it... is completely poor judgement...
10-14-12 Newshound/Intel Guru BGG There are reports of the National Meeting being scheduled for the end of the month and that it will be televised. If this is the case the National Meeting will only be for show and everything will have been agreed to ahead of time. This would indicate (for the moment at least) things are going well. As I have said before how Maliki finishes up will be the key.
10-14-2012 Intel Guru Hammerman Tons & tons of movement in Iraq. The big meeting in China has been moved from Thursday to Sunday. This is a timeline meeting. I do believe once they have this meeting we are on a 60 day count down from this Sunday. There is a rumor of 3,000 to 4,000 troops moved into Iraq. Ministers should be announced and put in the Gazette by late this week and that is why they are bringing in the troops, this is Intel via Embassy source in Iraq. There is major currency movement all over the world into world banks and a lot of money being moved into Reno and Atlanta. Do not expect the revaluation before the 3rd week of November, this is what I am being told by numerous sources. Last I was hearing, the Dong will be in the same basket with the IQD and could touch $.86.
10-14-2012 Intel Guru BWM I do know that I feel confident this isn't about Iraq any longer (and hasn't been for some time) but instead the rebuilding of a system that has been allowed to crack and divide to the point that without a major repair cannot continue to exist and fulfill the needs and requirements of governments, businesses and individuals IMO....
10-14-2012 Intel Guru TerryK i have been told on one side of the house tomorrow thru tue, on the other it can be a few days past then another not till later sometime. 10-13-2012 Member Guru Gramma Rossie [In response to today's technical issues] A DAY WITHOUT DINAR GURU IS LIKE A DAY WITHOUT CHOCOLATE AND NO FIRST CUP OF COFFEE! [Gramma Rossie is a looooong time Dinar Guru member--among the first...her grandson is playing for the Miami Hurricanes today--good luck!]
10-13-2012 Newshound Guru Vic1 LOOKS LIKE VERY GOOD NEWS COMING IN. LOT'S OF GOOD NEWS! THE IMF AND WB MEETING IN JAPAN...FOR ONE! AND... WELL WE HAVE SHABIBI TELLING A FEW...I GUESS PEOPLE, THAT THE CBI WILL NOW BRING LAWSUITS AGAINST ANYONE TRYING TO INTER-FER WITH HIS KEEPING THE IQD...BALANCED! MUCH MORE THERE THAN MOST CAN UNDERSTAND! WHY DO YOU THINK HE [MALIKI] HAS HELD "PROXY" POSITION IN INTERIOR, DEFENSE AND SECURITY? BECAUSE HE IS NOT THE "LEGAL" PRIME MINISTER! REMEMBER IN ORDER FOR HIM TO BE LEGAL...HE HAD 30 DAYS TO SEAT HIS FULL GOI! MALIKI VERY WELL KNOWS HIS NECK WILL WIND UP IN A NOOSE!
10-13-12 Intel Guru Blaino While there has been a tremendous amount of fluffing and puffing re intel and rumors, there is in fact some distinct activity that may indeed be indicative of a tilt in our kind of direction. There "may" be some hard deadlines, some required decisions and agreements which are drawing down to their consummation. Intel is on it now, and if in fact these are not ghosts, if these are real arrangements, we could be seeing additional signs of the quickening! Intel and sources in the ME are seeing some meetings and confirming some additional details that appear to make the coming week, (2nd half) a very interesting time to watch and sharpen our focus. Watch for additional info...as we move forward into the next few DAYS. If you think we are approaching some critical markers and some closure to the puzzle of the RV me thinks you might be onto something. Prepare for financial acceleration!!!
10-13-2012 Newshound/Intel Guru BGG I misread this one yesterday – which is even better news than yesterday!! As I understood it – Hakim was talking about helping Maliki form a “Majority Goverment”. However, the narrative turns out to be that Hakim and the IISC aren’t going to have anything to do with this “Majority Government” idea. They want a government that works and they won’t be part of the problem – but the solution. It wasn’t bad news if they were going to help Maliki form a true Dictatorship…because they just wouldn’t have been able to come up with the numbers. On the other hand – this news is spectacular. The IISC not being in Maliki’s own corner is really,really, really bad for him.
10-12-2012 Intel/Newshound Guru Poppy3 Day before yesterday, I got a call from Iraq, the Embassy & the call got interrupted & the phone went dead. There was a blackout at the Embassy. I got excited, figured it had something to do with dinar. It turned out that a new ambassador arrived and that's what it was. I hope I didn't get everyone too excited for no reason.
10-12-2012 Intel Guru TerryK JUST GOT A EMAIL AND A PHONE CALL...TWO DIFFERENT PEEPS...ONE TELLING ME HOLD ONTO MY SHORTS THIS IS GOING DOWN THIS COMING WEEK...THE OTHER TELLING ME PRETTY MUCH THE VERY SAME THINGS...THAT THIS WAS TO GO DOWN THIS PAST TUESDAY AND HELD OFF TILL NEXT WEEK...AT THE REQUEST OF IRAQ TO IMF...REASON BEING THEY ARE NOT READY FROM THE CBI SIDE OF THE HOUSE... TREAT AS RUMORS.
10-12-2012 Intel/Newshound Guru Poppy3 There have been 3 articles in the last few days from the Sunni leadership calling for the CBI, begging, we need the RV prior to the budget. I had said the budget was supposed to in the hands of Parliament by the 16th -19th for final approval. They are begging for the RV prior to this. Shabibi has said give me a functional government & I will release the RV. I had hoped that once this government is seated that he has confidence enough to release the RV. I don't think that is the situation now. There is a lot of things pushing them to get this done now. I have an article saying that Shabibi said he would not go past December 1st. Take this with a grain of salt, because he is planning on the government being set before this. We are in an awesome situation, here with this investment & with the richest country in the world.
10-12-2012 Newshound/Intel Guru BGG Mailiki has painted himself in a box. The next few days should be very telling as to where we are at. Maybe to 4,000 troops are there for security for what could happen. He may very well come back [from Russia] & realize just how serious his situation is & may decide to go ahead & live with a third of the power & this could go very very quickly.
10-12-2012 Intel Guru TERRYK JUST GOT A EMAIL THAT THIS MAYBE A DAY OR TWO-PUSHING THE 15 DATE. THERE IS NO EXCHANGE RATE IN IRAQ. IT WAS FALSE, ACCORDING TO SOURCES. NOTHING TO BACK IT UP. SOME CLAIM TO HAVE A PIC THEY WERE GOING TO SEND. HAVE NOT GOTTEN IT, SO TO ME ITS BULL CRAP...
10-12-2012 Newshound Guru Bondlady i think i can basically show and prove a free float..a few days ago shabibi allowed more usd to be sold in banks and through traders thus stablizing the dinar and doing that i believe he’s about to change his monetary policy and start the pip movement again...thus giving it the free float and it should move pretty quick...i see this happening in 2 different ways just don’t know which one yet either he will free float it from 1166 to 1000 and then take the 000 off thus making it the 1-1or he will let it free float from 1166 to reach 0 then let the pips drive up the rate from there which once it hits 0 1166 to 0 then it will climb and go from minus to plus the plus is true to the usd peg
10-12-2012 Newshound/Intel Guru BGG Article: "Source: Talabani will travel tomorrow to Arbil to meet with Barzani" This is already old news – he is there (as of this evening – their time). I was under the impression he had already gone at some point over the last couple of days. Apparently not. However, this is one of the last two events I said needed to happen for there to be a successful National Meeting. Again – as you read this, understand – I imagine they will all get there and try, but before or at the National Meeting Maliki will likely pull a “maliki move” and they will have to remove him. Just my humble prediction.
10-12-2012 Intel Guru BOBGETZ6 Hearing that a lot is going on behind the scenes, but they won't tell me what. I feel as if only a few in the world know exactly and that is by design. They need to be able to control the rv and then go to an open market. Controlled float only = - 2% over 90 days, IMO. I don't think their budget will be sustained by an RI and they want to be higher than Kuwait.
10-12-2012 Newshound/Intel Guru BGG Article: "CBI Press Release: Temporary Postponement of dropping of zeros" This is another version of the article I had...a couple of days ago... It is the CBI reiterating their stance on the stability of the government and the power sharing aspects. However, I do believe them to be talking about 2 separate elements of the same project. 1) the “removing of the 3 zeros” is the value change portion of the project (and thereby removing the big bills from circulation). 2) putting the “new currency” in circulation refers to a new currency that has yet to be printed (and is in question of ever being printed – especially since they have lower denoms ready to use for the value change). 3) as soon as the power sharing and GOI is in place they will revisit the first part of this plan immediately. On numerous occasions it has been mentioned they are fully ready and waiting on the government.
10-12-2012 Newshound Guru Kaperoni the CBI has done its task in preparing for the transition...meaning they have the deal done and ready to go to raise the value of the dinar...free float that was what i was told...well that is not fact yet...hoping soon now [a free float could escalate pretty quick]...well it depends, the CBI controls the liquidity so they can control the rate of rise by turning off/on the dinar sales to fast, put more dinar out to slow, shut off supply.
10-11-2012 Newshound Guru Mailman17 SHABS WAS PUT IN PLACE BY THE COALITION WITH BACKING FROM THE UN,THE IMF AND THE US. HE AND THEY HAD A PLAN FOR IRAQ. THAT IS WHY THE CBI WAS MADE AUTONOMOUS BECAUSE THEY KNEW ALONG THIS RIDE AND ESPECIALLY AT THE END THERE WOULD BE THOSE WHO DO NOT WANT THIS TO HAPPEN. THERE WOULD BE THOSE WHO WERE SO ANGRY AT THE WEST THAT THEY NEVER THOUGHT OF THEM POSSIBLE GAINING FROM THIS IS UNTHINKABLE, RESERVES...I AM REFERRING TO ALONG WITH AN RV AND THROUGH THE YEARS WE HAVE SEEN SHABS TAKE SHOTS AND HE IS STILL THERE AND HE WILL BE THERE AT THE END AS PLANNED.
10-11-2012 Intel Guru Blaino I HAVE NO EVIDENCE TO SUPPORT BACKING DOWN FROM THIS: REVALUATION WARNING!! IQD IS CURRENTLY RE-APPEARING ON TELLER SCREENS IN MANY AREAS AND ACROSS THE BANKING SECTOR. THIS VERY INFORMATION MAY NOT BE APPARENT TO THE TELLERS THEMSELVES, AND THIS COULD BE A PART OF THE PLAN TO HAVE IT JUST "APPEAR" SORT OF SUDDENLY, SO CALLING YOUR BANK WILL PROBABLY NOT HELP... WE ARE ARRIVED AT THAT PLACE IN THE CHAIN OF EVENTS WHERE A REVALUATION COULD HAPPEN AT ANY TIME.
10-11-2012 Newshound/Intel Guru BGG Article: "Haitham al-Jubouri called “central” to raise the value of the Iraqi dinar against the dollar, 11 OCTOBER" This article should be very comforting and further highlights the “friction” I have talked about between the GOI and the CBI. The good news…Jubouri is asking for – essentially, the IQD to be released as a free float/dirty float…something along those lines. They (the SLC) are finally complaining publicly about the low rate of the IQD against the USD. None of the above will happen until the political aspects are solved. However, it should be comforting knowing this is a very real investment and it’s only a matter of time. The SLC (Maliki’s thugs) are asking for the money without honoring any of their previous agreements. The CBI has been plain – we will revalue the money once the power sharing agreement is fully implemented.
10-11-2012 Intel Guru TerryK ALL I GOT WAS THIS IN A EMAIL FROM CONTACT: [Just wait until these announcements are made !! :)] BUT THEY DID NOT LIST THE ANNOUNCEMENTS SO I DONT KNOW WHAT IM WAITING FOR.
10-11-2012 Intel Guru Jonnywg it has been any day now for months but i feel that the PTB cannot ignore the upcoming elections...either party will force some kind of an outcome...I FEEL MORE INFO BEING RELEASED AS THE ELECTION NEARS.
10-11-2012 Newshound Gurus Med & Mailman17 A LARGE MILITARY FORCE LANDED IN BAGHDAD...ANYONE THINK IT ODD THAT THESE TROOPS ARRIVED BEFORE THE NATIONAL CONFERENCE? WHAT BETTER WAY TO ESCORT MALIKI OUT OF HIS OFFICE. IT ALSO IS A COINCIDENCE THAT NOW MALIKI IS IN FAVOR OF ATTENDING AND MOST LIKELY WITH THE REFORM PAPER IN HIS BACK POCKET. HE USUALLY THEN TEARS UP ANY AGREEMENT...AND JUST MOVES ON. THE ACTUAL LEADERS OF HIS PARTY, I THINK, ARE FORCING THIS MEETING...THEN AGAIN WITH BARZANI MEETING WITH HILLARY AND O AND THE US DELEGATION MEETING WITH ALLAWI AND SADRS GROUP AND NOT THE STATE OR MALIKI ON THEIR LAST VISIT TELLS ME SOMETHING IS UP AND MALIKIS FINISHED. HE IS LIKE THE FRIGGN ENERGIZER BUNNY. KEEPS GOING AND GOING AND GOING...HAS MORE LIVES THAN A CAT...BUT HES ON 9 NOW, 10'S A DEAD ONE. WE ALL KNEW THERE HAD TO BE A TIME WHEN ENOUGH WAS ENOUGH...I THINK THAT THIS IS THE TIME.
10-11-2012 Intel/Newshound Guru Poppy3 I HOPE TO GET SOME GOOD NEWS TODAY IF THE SYSTEM IS OPEN THIS MORNING. Got up early in anticipation of getting a couple calls I expect to here the results from yesterdays call today some time after 10am...have no idea what the news could be but just before we got cut off yesterday afternoon he said something significant is happening then bam the phone was dead...time will tell. [Reference Poppy3's post from yesterday, 10-10-12]
10-11-2012 Newshound Gurus Mike & L.J We are actually hearing and seeing articles telling us the rates are slowly coming down in country so they have a little more value and people are happy...and that is where he [Shabibi] wants it to be so he can go ahead and make his moves unilaterally and inject the syrup that he needs in this economy to make it grow and he will do that bit by bit and only he knows when he is ready for that and only he knows when that is going to happen.
10-11-2012 Newshound Guru Med IT SEEMS THERE IS NOW LOOSENING OF THE ANTI RV BY THE GOI NOW AND THEY SEEM TO ONLY WANT TO COORDINATE THINGS. WE NOW KNOW...THAT SALEH AS ALWAYS IS FULL ** ****** AND THEY DIDNT NEED ANYMORE STUDIES OR REPORTS. THAT CBI IS COMPLETE AND IS READY TO PULL THE TRIGGER AT ANY MOMENT.
10-11-2012 Newshound/Intel Guru BGG “these agreements, including what and signed by Prime Minister Nuri al-Maliki during his recent visit to Moscow must be regulated by law and are approved as stipulated in the Iraqi constitution, one of the duties of the House of Representatives exclusively.” Yup – like I said, not to worry. These stupid arms deals won’t see the light of day. The Parliament has to approve them – Maliki can’t just sign anything he wants. Folks are gettin’ pissed that he thinks no one but him has a say in anything.
10-11-2012 Newshound Guru Vic1 LET US STAY CALM AND CAUTIOUSLY EXCITED!!! I KNOW, ALOT IS TAKING PLACE.
10-11-2012 Newshound Guru Adam Montana the bottom line is this: 1. We are waiting for a resolution on the HCL, and they are making headway. Lots of good news there this week and last. 2. We don't expect them to give us a legitimate "heads up" when they are going to RV - it will happen as "unexpectedly" as possible to preserve their profit margin. 3. There is no bad news right now!
*****10-11-2012 Intel Guru Winalot omg!!! just got a call!!! rv has occurred..public rate for the DINAR - $12.oo, VND - $2.14. [Remember, we are looking for a consensus from multiple Intel and Newshound Gurus. At this time we have not gotten this nor have any Dinar Guru community members confirmed this....stay tuned as we see how this develops]***** 10-10-2012 Intel Guru TerryK I GOT A CALL...TELLING ME THAT THIS PERSON DID SEE THE RATE 1.18 AT A CURRENCY EXCHANGE CENTER IN IRAQ THAT WAS FROM YESTERDAY. DOES NOT KNOW IF IT IS STILL THERE, DOES NOT KNOW IF IT WAS A ACCIDENT OR REAL. IT WAS THERE FOR A FEW HOURS UNTIL HE LEFT. THIS MAYBE A TEST RUN BECAUSE I HAVE NOT HEARD OF ANYONE CASHING IN ON THAT RATE, IT MAY HAVE BEEN POSTED BUT NOT EXCHANGING. IT WOULD FLUSH ALOT OF DINARS OUT.
10-10-2012 Newshound Guru Mike & L.J Shabibi is willing to talk about anything he needs to talk about or is asked for in front of Parliament because he does not have anything to hide with what he is doing - he is not smuggling currency..he is NOT doing that - He needs the auctions in order to maintain what he needs to maintain - he has to put dollars in his economy and he has to take dollars out of the economy - we have seen lots of articles on how thats happening and they are not happy with it. Remember if his currency fluctuates, the IMF will NOT give them the tip of the hat...
10-10-2012 Newshound Guru Adam Montana there is also talk that the new currency, and thereby the RV, may be delayed until the new calendar year. I don't expect them to announce the RV in this fashion, so this information may or may not be precisely relevant...but if they are truly delaying releasing the new currency until the new year, then we can plan on waiting that long to see the RV announced...of course, they could just be full of "it" and announce it tomorrow (SURPRISE!) and also release the currency then too...it makes the most sense to do it that way, to prevent a huge run on the currency from speculators.
10-10-2012 Intel Guru TerryK ALOT GOING ON IN IRAQ TODAY BUT THE BIG NEWS IS CHINA WALKED AWAY FROM IMF MEETING TODAY THAT MEANS THEY DONT WANT TO PLAY BALL WHICH MEANS SOMEONE MAYBE FORCING A HAND AT THINGS.
10-10-2012 Newshound Guru Kaperoni Don't confuse the raising of the value with the deleting of the zeros. Two different events. All we care about is the raise in value and that can happen at any time/any month. Shabs press release is talking about deleting the zeros (new currency and financial law).
10-10-2012 Newshound/Intel Guru BGG I thought Barzani was going to be more of a pushover then he is turning out to be. Talabani & Barzani have to come to an agreement or they already have. As long as that happens correctly, what Maliki does in the next few days is almost irrelevant. With Talabani & Barzani on the same page, Maliki can't stand up to that opposition. Maliki says he is on the right page & in the next few days we should see if he is ligitimately everything he says he is going to be & I don't think he will be. I think he will get right to the edge of the water and then try to cause some drama. When Maliki gets back from Russia, there is a growing sentiment to actually remove him. He tramples their constitution at every opportunity he gets. If he plays ball, it will be out of desperation. This is still an incredible investment. We are well on the way, not very far off. I think we are in fabulous shape. There is some turmoil over there but they are putting forth an extraordinary effort. We are in a good place, we are reaching a point of critical mass in the next few days.
10-10-2012 Newshound Gurus Mike & L.J. We have heard some excellent news...with the formation of the Government moving forward. We are constantly hearing good news from the Central Bank - the progress they are making and being ready to go on an international basis - them ready to go on an international basis with their debit cards and everything they are doing.
10-10-2012 Newshound Guru Med DO NOT BE SURPRISED IF SHABIBI IS GIVEN THE BOOT...ONCE THEY REALIZED THE DAMAGED THAT SELLING SO MUCH DINAR WAS TO THE COUNTRY THAT SHABIBI WOULD HAVE TO ANSWER FOR IT CUZ IT IS GONNA COST THEM A LOT TO REPAY IT. I UNDERSTAND HE SAID HE WAS USING IT TO SUPPLEMENT FOR TRADE GOODS THAT WERE NOT ALLOWED UNDER THE DFI BUT TRILLIONS WERE SOLD. THEY SHOULD HAVE NIPPED THIS IN THE BUD BACK IN MARCH OF 09 WHEN MALIKI FIRST HAD CONCERNS AND SO DID THE PARLIAMENT. IT WAS THE IMF WHO TOLD SHABIBI HE HAD TO REMOVE THE DINAR FROM THE TRILLIONS HE HAD OUT THERE BUT HE ALSO USED A DIRTY FLOAT.
10-10-2012 Intel/Newshound Guru Poppy3 [via BGG] I want people to be encouraged & that they understand that they are in an incredible opportunity, but it is an investment & we need to sit tight and let this thing unfold. Just got a text from overseas, something significant, don't know what it is just yet.
10-10-2012 Intel Guru TerryK MY SOURCES. THEY ARE SOLID, BUT THE INFO CHANGES FROM DAY TO DAY AND I FEEL ALOT OF THE INFO THAT IS PUT OUT THERE IS TO MIS LEAD. I WILL SAY THIS...I AM PUTTING OFF BUYING MY TICKET UNTIL THURSDAY TO GO BACK TO HOUSTON ON SUNDAY. HINT HINT.
10-10-2012 Newshound Guru Adam Montana no RV yet, and despite some awesome news last week on the HCL - it's not quite done yet...the HCL is being discussed in national news more and more...we can all see that things are still good and there's no reason to be discouraged, impatient, maybe..but not discouraged.
10-10-2012 Newshound Guru Breitling We all know that they are artificially holding down the value of the dinar. There is an article that says they will start giving people dinar for U.S. dollars. That means the start of reversing the policy that has kept the dinar artificially down. This is one of the biggest pieces of news we have had since we have been in the dinar community. [Does Iraq need to be released from Chapter 7 prior to being able to revalue their currency...] They can raise the value of their currency without being out of Chapter 7, there is no law against that. If I was them that is what I would do. But, them having a managed float, that is very hard for me to swallow. They can revalue whenever they want. It's a timing issue. It is important that they get out of Chapter 7, but can revalue and never be out of Chapter 7. The getting out of Chapter 7 isn't dependent on their currency. Their are other stipulations that they have to comply to also. There might be more to it than revaluing their currency to getting out of Chapter 7.
10-10-2012 Newshound/Intel Guru BGG “…the President of the Republic National announce the date of the meeting in the next few days, after the arrival of the talks by the leaders of political blocs, to advanced stages”. So it looks like Talibani might announce a National Meeting in a few days (after he gets the main leaders a little closer together)…and Allawi is having a big session this Wednesday. That’s all good. However, if Maliki is just playing games – I have said all along, they will remove him.
10-10-2012 Intel Guru Footforward There is a serious campaign out there to get people to give up their dinar & it's working. People are fed up, they have had enough. High level bankers and high level people are saying they were told to mislead & lie about the dinar. The dinar for sure is going to revalue, I don't know when, it should have happened already, but it's going to happen, I know it's going to happen. Iraq, Shabibi, has said they are going to increase the value of their currency. Iraq is desperate to get out of Chapter 7, become completely sovereign. They want control back and run their own show. People wonder how they can they support the RV. Iraq has so much wealth, so much gold, so much oil, more natural resources than any other nation on earth and when you are going to an asset backed currency and you have the assets in the ground, there is no problem supporting it. A free float does not make any sense, it will RV and RV in one shot. I am still expecting it to RV at anytime, still expecting an incredibly high rate and expect to have a very easy time cashing out.
10-10-2012 Intel Guru TerryK I GOT TO HOLD BACK ON THE BIG NEWS. I WAS TOLD IF I TOLD YOU IN HERE THEY WOULD PUT ME IN JAIL, NO **** OPPS. JUST KNOW ITS BIG, THE BIGGEST NEWS EVER, BIGGER THAN...I GOT TO SHUT UP. 10-9-2012 Intel Guru Bluwolf THIS IS A GLOBAL RESET OF CURRENCIES A INTERNATIONAL RELEASE...IT IS 195 COUNTRIES. I DO NOT DO RATES NOR DATES BUT I DO KNOW HOW CLOSE ALL IS...AND THAT IS WHAT I SHARE WITH ALL...THIS SHALL BE SILENT AS A THIEF IN THE SILENCE OF THE NIGHT...ALL SHALL BE DIFFERENT WHEN YOU AWAKE. ALL SHALL BE DONE. ALL TASKS WILL BE DONE. ALL SHALL BE WISE. ALL SHALL BE PROSPEROUS. HAPPY JOURNEYS ALL. ADIOS.
10-9-2012 Newshound Guru Fresh the best thing I've seen in recent articles and pieces on Iraq is how financially strong they are and will be revealed to the World based on their vast wealth in Oil, Gold, etc... this means they have a pretty sweet finale of fireworks when they kick this off to the world - that makes me VERY encouraged!
10-9-2012 Newshound/Intel Guru BGG Article: "KRG gets oil payment from Baghdad, exports to flow" Fantastic news – it’s still being paid in Dinars, however, the fact that Baghdad is actually making good on an agreement is HUGE!!
10-9-2012 Intel Guru TerryK IM BACK AND YES I WAS TOLD AGAIN TO SHUT UP...BUT IM GOING TO TALK A BIT. WE HAVE TO BE CLOSER TO THE ELECTIONS BEFORE SOMEONE GETS OFF OF THE BUTTON I DONT CARE WHAT THEY SAY...IT WILL BE ANNOUNCED BEFORE THE ELECTION. I KNOW THIS. THIS WAS ALL SET TO GO LAST WEEK AND TOO MUCH INFO GOT OUT. IM HEARING JUST UNDER 7 DOLLARS AND IM HEARING VDN IS OVER 1.19. TUESDAY WAS TO BE A HIGH POTENTIAL DAY FOR US WITH US CASHING IN ON THURSDAY BUT THATS RUMOR AFTER 9PM EASTERN IS KINDA THE BEWITCHING HOUR. WE ARE IN A SWEET SPOT TRUST ME ON THAT.
10-9-2012 Newshound Guru Fresh I'm going to take the premise that we are close and these key events were set to happen which based on a lot of our collective opinions...could produce a currency that is International with a higher value against the dollar. At this point I personally start to think we may never really get the article(s) that give us dates for National Conference, HCL being finalized, etc with specific dates in advance...I tend to think we'll see another typical news day and then BOOM we wake up or see BIG news starting to filter out...you will also likely see official statements regarding "Iraq emerging from Chapter 7 Sanctions that have been in place since the early 1990's"... I think at this point with all the delays they have no real need to broadcast the conclusion in advance...
10-9-2012 Newshound Gurus Med & Mailman17 THE FACT THAT THEY ARE MEETING...ALL THE BLOCKS HEADS, THAT TELLS ME THE REFORM PAPER IS ON THE LINE, WHICH INCLUDES ERBIL. ADD TO THAT THE U.S. PRESCENCE IN DROVES...PRESSURE MALIKI DIDNT EVEN SEE COMING...JUST MAY FORCE MALIKI TO DO WHAT THE PARLIMENT AND THE FAB 5 COULDNT. MALIKI HAS FINALLY HAD THE NAIL PUT IN HIS COFFIN NOW. THEY ARE IN CLOSED DOOR MEETING WITH ALL THE BLOCKS...INCLUDING MALIKI. ****S FINALLY HITTING THE FAN. [post 3 of 3...stay tuned]
10-9-2012 Newshound Gurus Med & Mailman17 REMEMBER THE ORIGINAL CHAPTER VII, WHICH IS WHAT THEY ARE UNDER, ALLOWS THE COALITION FORCES TO REMOVE THE GOI. WHAT BETTER WAY TO PUT A FIRECRACKER IN MALIKIS ASS THAN TO TELL HIM ITS NOW OR NEVER AND THAT HE HAS NO SAY SO IN ANY WAY. OUTSIDE PRESSURE FOR NOW HAS BEEN THREATS, NOW TROOPS ARE THERE AND THAT IN ITSELF TELLS MALIKI HE IS NO LONGER IN CONTROL. SCREW THE NO VOTE ITS CRUNCH TIME. [post 2 of 3...stay tuned]
10-9-2012 Newshound Gurus Med & Mailman17 THE STALLING FROM MALIKI BIT HIM IN THE ASS. WE SAW IT COMING THOUGH...BUT I PERSONALLY DID NOT SEE THE TROOPS COMING IN. THE SECURITY SITUATION IN IRAQ ALONE IS ENOUGH FOR US FORCES TO RETURN. THEY FORGOT ONE THING, THEY ARE NOT FREE, IRAQ IS UNDER CHAPTER VII WHICH STILL ALLOWS US TO REMAIN IN IRAQ. WHAT DOES THAT GIVE THE US THE PRIVILEDGE TO DO? WE CAN REMOVE THE ENTIRE GOVT AND PUT IN A MILITARY GOVT WITH A PLAN. [post 1 of 3...stay tuned]
10-9-2012 Intel Guru Blaino Prime Minister Maliki agreed to a National Conference. Implementing Arbil appears to be the only way to get all the different blocks together at the same table and that fact may just be the one thing that gets the Arbil agreement over the last hurdle! Good guys win! That means us! Our parliament watchers and lurkers report that it's essentially the same as the draft proposal from 2007 and the work consists of a few changes in a few areas that might well have been unforeseen a few years ago. I had moved Planet/Dinarian back to "Dinaricon Alert Level 4 last week, then brought us back to 5...where we remain watchful, hopeful and wary of the "rumors!"
10-9-2012 Newshound/Intel Guru BGG Article: "Iraq: Maliki, Shibibi and the Central Bank" Iraqi PM Nouri Al-Maliki is said to be trying to remove Chairman of the Central Bank of Iraq Sinan Al-Shibibi from his position. (p.s. – I don’t think he will get it done)
10-9-2012 Intel Guru BWM I have theories and scenarios based on information I have been given. I'm just not comfortable putting that out at this time. That's as honest as I can be. I will tell you this honestly. Yes, I do think it can happen by the end of the month. I think the street rate will be the same for everyone (IN THE U.S.) and perhaps that rate will be the international rate (hard to say).
10-9-2012 Newshound Guru Fresh For all those that have continued to try and say for the last several months that Maliki is on his way out, etc... I've always maintained he's not going anywhere...Maliki was never in danger of getting a "no confidence vote"...he was installed and supported by the USA...nobody will touch him without our consent...meanwhile we have the crew setting up preparation for the National Conference, finalizing HCL and getting things lined up for Maliki to finally give the stamp of approval... this is all very coordinated right now. I'm sure the key political figures from Iraq are WELL aware of when they have to get these things satisfied or risk huge consequences
10-9-2012 Intel Guru Blaino Some are concerned that people wont think that there would be enough $ to back the dinar, most of the collected dinar is already destroyed, there will be plenty of $.
10-9-2012 Newshound/Intel Guru BGG Article: "Iraqi premier supports President Talabani’s initiative" This is still referencing the Friday meeting and in conjunction with my reasoning above…it was most interesting Maliki was first, Allawi second and then back to Najafi. I’m not positive what it means – other than there seems to be quite a bit of activity over the National Meeting. There doesn’t seem to be a long term stall going on here. Maliki seems to be saying (at least) he supports the National Meeting format. However, I’m sure there is some caveat we aren’t aware of yet. Maliki has stuck to this type of rhetoric for awhile. It’s no secret he has stalled as long as possible…but at some point (by his own admission) he may have to give in.
10-9-2012 Newshound Guru Med ALL I CAN SAY ON THEIR VIEWPOINT I TRULY BELIEVE THIS, THE REASON FOR THE COMPLAINTS ON HOLDING OFF ARE THEY SAW THE STICKER PRICE OWED ON THE EXCHANGE. I BELEIVE THAT SHABIBI KNOWS WHAT HE HAS TO COVER AN RV AND HE WOULDNT TRY IT UNLESS HE DID.
10-9-2012 Intel Guru Bluwolf THIS IS A GLOBAL RESET OF CURRENCIES A INTERNATIONAL RELEASE...IT IS 195 COUNTRIES. I DO NOT DO RATES NOR DATES BUT I DO KNOW HOW CLOSE ALL IS...AND THAT IS WHAT I SHARE WITH ALL...THIS SHALL BE SILENT AS A THIEF IN THE SILENCE OF THE NIGHT...ALL SHALL BE DIFFERENT WHEN YOU AWAKE. ALL SHALL BE DONE. ALL TASKS WILL BE DONE. ALL SHALL BE WISE. ALL SHALL BE PROSPEROUS. HAPPY JOURNEYS ALL. ADIOS.
10-9-2012 Newshound Guru Fresh the best thing I've seen in recent articles and pieces on Iraq is how financially strong they are and will be revealed to the World based on their vast wealth in Oil, Gold, etc... this means they have a pretty sweet finale of fireworks when they kick this off to the world - that makes me VERY encouraged!
10-9-2012 Newshound/Intel Guru BGG Article: "KRG gets oil payment from Baghdad, exports to flow" Fantastic news – it’s still being paid in Dinars, however, the fact that Baghdad is actually making good on an agreement is HUGE!!
10-9-2012 Intel Guru TerryK IM BACK AND YES I WAS TOLD AGAIN TO SHUT UP...BUT IM GOING TO TALK A BIT. WE HAVE TO BE CLOSER TO THE ELECTIONS BEFORE SOMEONE GETS OFF OF THE BUTTON I DONT CARE WHAT THEY SAY...IT WILL BE ANNOUNCED BEFORE THE ELECTION. I KNOW THIS. THIS WAS ALL SET TO GO LAST WEEK AND TOO MUCH INFO GOT OUT. IM HEARING JUST UNDER 7 DOLLARS AND IM HEARING VDN IS OVER 1.19. TUESDAY WAS TO BE A HIGH POTENTIAL DAY FOR US WITH US CASHING IN ON THURSDAY BUT THATS RUMOR AFTER 9PM EASTERN IS KINDA THE BEWITCHING HOUR. WE ARE IN A SWEET SPOT TRUST ME ON THAT.
10-9-2012 Newshound Guru Fresh I'm going to take the premise that we are close and these key events were set to happen which based on a lot of our collective opinions...could produce a currency that is International with a higher value against the dollar. At this point I personally start to think we may never really get the article(s) that give us dates for National Conference, HCL being finalized, etc with specific dates in advance...I tend to think we'll see another typical news day and then BOOM we wake up or see BIG news starting to filter out...you will also likely see official statements regarding "Iraq emerging from Chapter 7 Sanctions that have been in place since the early 1990's"... I think at this point with all the delays they have no real need to broadcast the conclusion in advance...
10-9-2012 Newshound Gurus Med & Mailman17 THE FACT THAT THEY ARE MEETING...ALL THE BLOCKS HEADS, THAT TELLS ME THE REFORM PAPER IS ON THE LINE, WHICH INCLUDES ERBIL. ADD TO THAT THE U.S. PRESCENCE IN DROVES...PRESSURE MALIKI DIDNT EVEN SEE COMING...JUST MAY FORCE MALIKI TO DO WHAT THE PARLIMENT AND THE FAB 5 COULDNT. MALIKI HAS FINALLY HAD THE NAIL PUT IN HIS COFFIN NOW. THEY ARE IN CLOSED DOOR MEETING WITH ALL THE BLOCKS...INCLUDING MALIKI. ****S FINALLY HITTING THE FAN. [post 3 of 3...stay tuned]
10-9-2012 Newshound Gurus Med & Mailman17 REMEMBER THE ORIGINAL CHAPTER VII, WHICH IS WHAT THEY ARE UNDER, ALLOWS THE COALITION FORCES TO REMOVE THE GOI. WHAT BETTER WAY TO PUT A FIRECRACKER IN MALIKIS ASS THAN TO TELL HIM ITS NOW OR NEVER AND THAT HE HAS NO SAY SO IN ANY WAY. OUTSIDE PRESSURE FOR NOW HAS BEEN THREATS, NOW TROOPS ARE THERE AND THAT IN ITSELF TELLS MALIKI HE IS NO LONGER IN CONTROL. SCREW THE NO VOTE ITS CRUNCH TIME. [post 2 of 3...stay tuned]
10-9-2012 Newshound Gurus Med & Mailman17 THE STALLING FROM MALIKI BIT HIM IN THE ASS. WE SAW IT COMING THOUGH...BUT I PERSONALLY DID NOT SEE THE TROOPS COMING IN. THE SECURITY SITUATION IN IRAQ ALONE IS ENOUGH FOR US FORCES TO RETURN. THEY FORGOT ONE THING, THEY ARE NOT FREE, IRAQ IS UNDER CHAPTER VII WHICH STILL ALLOWS US TO REMAIN IN IRAQ. WHAT DOES THAT GIVE THE US THE PRIVILEDGE TO DO? WE CAN REMOVE THE ENTIRE GOVT AND PUT IN A MILITARY GOVT WITH A PLAN. [post 1 of 3...stay tuned]
10-9-2012 Intel Guru Blaino Prime Minister Maliki agreed to a National Conference. Implementing Arbil appears to be the only way to get all the different blocks together at the same table and that fact may just be the one thing that gets the Arbil agreement over the last hurdle! Good guys win! That means us! Our parliament watchers and lurkers report that it's essentially the same as the draft proposal from 2007 and the work consists of a few changes in a few areas that might well have been unforeseen a few years ago. I had moved Planet/Dinarian back to "Dinaricon Alert Level 4 last week, then brought us back to 5...where we remain watchful, hopeful and wary of the "rumors!"
10-9-2012 Newshound/Intel Guru BGG Article: "Iraq: Maliki, Shibibi and the Central Bank" Iraqi PM Nouri Al-Maliki is said to be trying to remove Chairman of the Central Bank of Iraq Sinan Al-Shibibi from his position. (p.s. – I don’t think he will get it done)
10-9-2012 Intel Guru BWM I have theories and scenarios based on information I have been given. I'm just not comfortable putting that out at this time. That's as honest as I can be. I will tell you this honestly. Yes, I do think it can happen by the end of the month. I think the street rate will be the same for everyone (IN THE U.S.) and perhaps that rate will be the international rate (hard to say).
10-9-2012 Newshound Guru Fresh For all those that have continued to try and say for the last several months that Maliki is on his way out, etc... I've always maintained he's not going anywhere...Maliki was never in danger of getting a "no confidence vote"...he was installed and supported by the USA...nobody will touch him without our consent...meanwhile we have the crew setting up preparation for the National Conference, finalizing HCL and getting things lined up for Maliki to finally give the stamp of approval... this is all very coordinated right now. I'm sure the key political figures from Iraq are WELL aware of when they have to get these things satisfied or risk huge consequences
10-9-2012 Intel Guru Blaino Some are concerned that people wont think that there would be enough $ to back the dinar, most of the collected dinar is already destroyed, there will be plenty of $.
10-9-2012 Newshound/Intel Guru BGG Article: "Iraqi premier supports President Talabani’s initiative" This is still referencing the Friday meeting and in conjunction with my reasoning above…it was most interesting Maliki was first, Allawi second and then back to Najafi. I’m not positive what it means – other than there seems to be quite a bit of activity over the National Meeting. There doesn’t seem to be a long term stall going on here. Maliki seems to be saying (at least) he supports the National Meeting format. However, I’m sure there is some caveat we aren’t aware of yet. Maliki has stuck to this type of rhetoric for awhile. It’s no secret he has stalled as long as possible…but at some point (by his own admission) he may have to give in.
10-9-2012 Newshound Guru Med ALL I CAN SAY ON THEIR VIEWPOINT I TRULY BELIEVE THIS, THE REASON FOR THE COMPLAINTS ON HOLDING OFF ARE THEY SAW THE STICKER PRICE OWED ON THE EXCHANGE. I BELEIVE THAT SHABIBI KNOWS WHAT HE HAS TO COVER AN RV AND HE WOULDNT TRY IT UNLESS HE DID. 10-8-2012 Intel Guru Hammerman The VND...China is pushing it, if they had their way it would go immediately. I do not believe the $2.20 that some people have put out. The most I heard was $.94. I am also hearing $.68, $.69, $.83, and $.84, so I just don't know. Everybody is saying it will go down this week. My opinion, not intel, is we will not see an RV until after the election, after Nov. 7th, sometime around the 17th & the 20th, I hope I am wrong. Hearing the rate is roughly in the $4.00 range. A lot of confirmation from very high up people that the smart cards are loaded. Heard rates of $1.19, $2.36, $2.22, $1.17, & $3.86 so I don't know what the rate is. If it revalued in Iraq, it could be 3 - 40 days before we see it publicly to the world. Time will tell, I am telling you what I was told. We are in a better spot than we have ever been. All news is positive.
10-8-2012 Newshound Guru Fresh My take is they are done telling the PUBLIC when this will really happen - which is good. We saw indications in articles earlier this year that they may look to start the process as soon as September 2012 - and then cited January 2013 as an outside window - almost a more logical contingency...So we do the next logical thing and follow the other pieces of the puzzle that may come together at the same time as the RV... That's why everyone is following the National Conference...Why we want to know what is happening with Erbil, HCL, Ministers, CH 7, etc... these are steps IMO that they are delaying because it will trigger Iraq going International and they need to have all their ducks in a row IMO...the RV is actually a relatively small part of the puzzle when you factor in all the other things like smart cards, government distributions, etc that need to coincide without flaw in harmony...
10-8-2012 Intel Guru TerryK WELL ALOT OF RUMORS BUT I STILL CANT TALK TILL TOMORROW AFTERNOON AND THEN WATCH OUT. I GAVE THEM A WEEK, THATS WHAT I AGREED TO, AFTER THAT THE GLOVES COME OFF. THEY CAN COME AND TAKE ME AWAY AFTER THAT. I WILL TELL U WHATS BEEN GOING ON BEHIND THE WALL, WHAT I KNOW ANYWAY. SOME OF IT JUST WEIRD, SOME OF IT YOU WILL GO NO FRICKIN WAY, AS I DID. IM ALREADY BURSTING...I WANT TO SPILL ALL NOW. WATCH I WILL GET A CALL TONIGHT YET SAYING YOU BETTER NOT. I AM EXPECTING A CALL TONIGHT...THIS IS SPOSE TO BE A GOOD NIGHT FOR SOMETHING.
10-8-2012 Newshound Guru Doc The question we are more curious in is how long will the old currency be legal tender. The good news here is it will be at least until the new currency is issued. This would give us all of 2013 at a minimum to realize appreciation assuming the float option is real. However, many articles have suggested the old would exist for a period of time along side the new currency. Our best option would be for the old to be valid 2 years after the new is issued which was reported to be the plan under the straight RV scenario. As with most of this information only time will reveal the true plan. We simply hope it gets executed soon and Maliki doesn't thwart this one. We report, you decide. [post 4 of 4]
10-8-2012 Newshound Guru Doc We are of the opinion that Iraq will not issue the new currency this year and the earliest will be late 2013. Shabibi true to his word is quoted as "be put new currency in circulation at the completion of print must be the beginning of the calendar year where it is determined to start implementation and not during. " This was also his position many months ago. As stated earlier Shabibi has most likely reverted to the "float" option. One article suggested the float would take 2-3 years for the dinar to reach $1. We caution all this is highly dependent on stability of the GOI and economic growth and is nothing more than a huge guess. The other major factor is supply of dinar. A recent article suggested the CBI had already "removed" 20 trillion from circulation. Again this too is speculation. [post 3 of 4....stay tuned]
10-8-2012 Newshound Guru Doc We also have seen the CBI back down from currency reform ie issue of new currency by year's end. We need to remember that the CBI can not change the currency with [without?] GOI approval. As we stated earlier here again we believe Maliki to be the thorn. We don't think the CBI is backing down from currency reform but can not proceed with the straight RV option due to non cooperation from the GOI. What is beginning to be quite clear is Maliki is blocking all reform. We also believe Shabibi developed plan B which most likely is the "float" being reported not only inside Iraq but other outlets in other countries. Shabibi does not need the GOI's blessing to manage exchange rate. Shabibi has also stated he has currency in reserve which can be used until the new currency is issued. We also saw Maliki's attempt to thwart this plan several months ago when he accused Shabibi and the CBI of corruption. [post 2 of 4....stay tuned]
10-8-2012 Newshound Guru Doc We have several articles confirming a couple of key points we speculated on last week. First, several releases confirmed Maliki is the major roadblock in the political landscape of Iraq. This includes most all the reform such as Ebril, currency, etc. One news outlet reported "President Jalal Talabani seeks to resolve the crisis through the provision of paper carrying visions of all the blocks, asserting that Maliki has the key to solving the crisis agreed to implement what". This is very consistent with Allawi's assertion that Maliki has been the roadblock for some time. We continue to assert that the main reason for Maliki's interference is pressure from Iran and the US all-be-it for different reasons. Other articles continue to report that the issues around Ebril are by far the granddaddy of all the issues. One member of Parliament was quoted as " ...80% of all the infighting results from failure to implement agreement of Ebril". This again lines up very nicely with Allawi's synopses as quoted from the interview in London. [post 1 of 4....stay tuned]
10-8-2012 Intel Guru Okie_Oil_Man TIMING IS THE KEY ELEMENT TO BE CONSIDERED. I AM VERY CLOSELY WATCHING THE EVENT UNFOLD RIGHT BEFORE MY VERY EYES AT THIS EXACT MOMENT IN TIME AND WILL SHARE WHAT I AM PERMITTED TO WHEN THE TIME IS RIGHT. I WILL NOT IN ANY WAY SAY OR POST ANYTHING THAT MAY HAVE AN INFLUENCE OR JEOPARDIZE OUR POSITION AT THIS TIME. A LOT OF TIME THE BEST THING TO SAY IS --NOTHING AT ALL-- [post 3 of 3]
10-8-2012 Intel Guru Okie_Oil_Man THERE HAS BEEN MUCH EMPHASIS PUT ON WHAT IS POLITICALLY OCCURRING IN IRAQ AS TO HAVING A DIRECT REFLECTION AND INFLUENCE. THIS IS ALSO INCORRECT. IRAQ WAS REMOVED FROM THE INFLUENTIAL POSITION SEVERAL MONTH'S AGO WHEN THEY SIGNED OFF THE AUTHORITY TO REGULATE THE DENOMINATION OF THEIR CURRENCY TO THE B.I.S. THE WORLD BANK, THE I.M.F. AND THE U.S.T.--THERE HAS BEEN MUCH PROGRESS AND IS STILL BEING PROGRESS IN THE FINALITY OF THE BLESSING. [post 2 of 3....stay tuned]
10-8-2012 Intel Guru Okie_Oil_Man GOOD DAY AMERICA, SHIPS AT SEA AND ALL OUR WORLD WIDE FRIENDS. WELL-ANOTHER MONDAY IS PRESENT AND WE STILL SIT HERE WITH ANTICIPATION OF WHAT IS INEVITABLE. THE TIMING OF OUR BLESSING REMAIN'S A MYSTERY BUT 1 THING WE HAVE LEARNED IS THAT ALL THE RUMOR'S AND SPECULATION PUT FORTH...ALTHOUGH GIVEN IN HONEST APRAISAL HAS BEEN TO NO AVAIL. THIS LEAD'S US TO FINALLY BELIEVE THAT WHAT THE SO-CALLED HIGH SOURCES ARE SUPPOSED TO BE SAYING--HAS AND IS INCORRECT. [post 1 of 3....stay tuned]
10-8-2012 Newshound/Intel Guru BGG I think the National Meeting will go off. I think Barzani and Allawi are making overtures that they will attend. It all looks very good to me. The CBI has said we have done 80% - 90% of the work that needs to be done. They have taken a lot of the currency out of circulation. They need to do something very soon. The CBI is saying we are ready to go once the politics is settled. Ultimately, we are very, very close. The National Meeting is very close to being done, probably a week to 10 days away at the most. Time is on our side, we are in really good shape. [post 2 of 2]
10-8-2012 Newshound/Intel Guru BGG There is a ton of excellent news. All that's going on, has to go on. Maliki is kind of stirring the pot. Recently there has been a barrage of attacks against the CBI from the GOI, Maliki's thugs and the Council of Ministers. They want control of the CBI so they can raise the rate of exchange. Do I think they will ever take the CBI over? No, not any where close. Maliki is against everyone because he wants to stay in power. He is making noise like he is trouble...supposedly going to Russia to make some kind of arms deal with Russia. Maliki wants the infrastructure law passed because he will get around the whole Chapter 7 sanctions and will be able to buy weapons & whatever else he wants. The U. N. still has significant sanctions against Iraq but as far as this investment goes, it's going to go easy or it's going to go real easy. [post 1 of 2....stay tuned]
10-8-2012 Intel Guru Jonnywg As for the RV, this appears to be an exciting time as the election draws near I feel good at our chances this next period before the election...the information hotlines are heating up and i expect releases of info over the next few days. i will come back when it is received.
10-8-2012 Newshound Guru Kaperoni There is a very good chance that Iraq will not introduce the "new currency" till end of 2013 or sometime in 2014. But that has nothing to do with us as they must raise the value first. And it makes no difference in the budget until the value is greater than the USD. Once the value is greater than the USD, that is when they will make it "official" and start a new year with it on a legal level. Example, the dinar could be worth .10, .50, or even .86 all through 2013. Then in Jan 2014, they could declare "we have deleted the zeros" and all transactions and accounting records are adjusted accordingly as Saleh states. Another example could be a RV at a staging rate of 1 to $1 leaving it in place for 6-12 months as they transition from the current currency to the new currency....and then in Jan 2014 declare..."we have deleted the zeros". So you can see, the "actual declaring" is simply a date in which zeros are removed and goes into effect in country and more than likely would be at the beginning of a year but has nothing to do with us as most of us will cash out at some rate we are comfortable with.
10-8-2012 Intel Guru Blaino Shabibi is the best central bank person in the last 100 years, we just don't like his timeline. We wonder what are they doing and what are they waiting for. Lots of moving parts and if they are not lined up properly, it comes to a stop. The confluence, the convergence is coming about.. Lots of pressure. Lots of events they are trying to get done.
10-8-2012 Newshound/Intel Guru BGG Article: "Kurdistan: the absence of Barzani National Congress for a bad omen for the next stage" it’s not an absolute Barzani isn’t going to show. In fact, he has assured he would attend the National Meeting if the Erbil is honored and fully implemented. This seems to be the “line in the sand”. Maliki has said a number of times (publicly) he would fully implement the Erbil agreement.
10-8-2012 Newshound Guru Kaperoni Article: "Central Bank decides to change the timing of the implementation of the restructuring of the Iraqi currency project and the deletion of zeros" This IMO is a very telling article. If they plan to have the currency (smaller denoms) in circulation at the beginning of the year, then the rate must change prior to that date. Here is the quote... "the new currency in circulation must be the beginning of the calendar year where it has been determined to begin implementation". So now we wonder will this be the beginning of 2013? If so, we can expect the rate to change at any time. If not, then they will shoot for 2014 with the new currency, and the rate can raise via float over the next 14 months. I do not see them waiting to 2014 because that decision will slow down the ISX, WTO accession, and economic progress/employment, etc. This is a very encouraging and promising article.
10-8-2012 Newshound Guru Med I WILL TELL YOU WHY THEY DO NOT WANT TO REVALUE, THEY DONT BELIEVE THEY CAN AFFORD IT AND THEY ARE PISSED AT SHABIBI WANTING TO KNOW WHY WHY DID HE SELL SO MUCH, THAT HE HAD TO KNOW THIS WAS GOING TO BITE IRAQ IN THE ARSS WE ALL DID. NOW THIS IS UP IN THE AIR. NOTHING I CAN TELL YOU AT THIS MOMENT IS FINAL. NOTHING TO HAVE THE RV OR NOT TO. THEY ARE LOOKING AT AN OPTION TO INCREASE THE VALUE BUT NOT DESTROY THE ASSETS IRAQ HAS FROM WHAT I UNDERSTAND. IF THAT DOES NOT FLY THEN THEY ARE FORCED INTO AN RV. WE SHALL SEE WHO WINS THIS BATTLE. [post 2 of 2]
10-8-2012 Newshound Guru Med THE TRUTH, AS I KNOW IT, THERE IS A BATTLE GOING ON RIGHT NOW ON DO THEY REVAL OR NOT. I KNOW WHY OR HAVE FIGURED OUT WHY THEY DO NOT WANT TO REVALUE THIS YR. THERE ARE REASONS THAT CBI IS BEING INVESTIGATED BACK IN MARCH OF 2009. WHEN IRAQ FIRST LEFT THE INITIAL SBA AGREEMENT WITH THE IMF MALIKI AND HASHEMI AND MANY MEMBERS OF PARLIAMENT BEGGED SHABIBI TO STOP SELLING THE DINAR AND...THAT IT WAS REDICULOUS TO KEEP SELLING OFF THE FUTURE OF IRAQ. [post 1 of 2]
10-8-2012 Newshound/Intel Guru BGG There are at least three different narratives in the process of developing…I’ll expand…First there is the constant and obvious struggle between the opposition and the dominant National Alliance (Maliki’s gang). This has been an ongoing battle for the soul of this fledgling democracy. Second there is something of a mild internal struggle with in the opposition itself. This one is not so easy to identify – but it is there. Next is the steady barrage of attacks from the GOI, Maliki and some elements in the Iraqi Parliament against the Central Bank of Iraq. Finally, there is the overt pressure of the incumbents against those outside forces (the US included) to manipulate pressure against their enemies in an effort to garner support for their political futures.
10-7-2012 Intel Guru TerryK [Is the vnd rate still in the .90's] .91 BUT HEARING THEY ARE TRYING TO GET IT HIGHER, THATS PART OF THE SNAG. THEY ARE TRYING TO GET 2.22. THEY WERE AT 2.22 A FEW YEARS AGO. IT WAS FORCASTED THREE YEARS AGO TO HIT .05. THEN I HAVE A BANKING DOCUMENT FROM A FRIEND THAT STATES .25...THEN ANOTHER THAT HAS ITS REVENUE STREAM TO SUPPORT 2.00 BASED OFF OF OIL DISCOVERY.
10-7-2012 Newshound/Intel Guru BGG Article: "Urgent .. Maliki submit candidates for the Interior and the National Alliance qualify them" Good news that Maliki is submitting any candidate for anything. He has promised numerous times he would address this issue – with no visible action. The IS submitted four legitimate candidates to the Defense Ministry sometime between Sept. 6th to the 11th. We’ll see how serious the NA is about a true National Conference.
10-7-2012 Newshound/Intel Guru BGG Article: "Maliki: Support reform and paper Otbnaha and ready to attend any meeting of a national" This is an article about that Friday meeting...Maliki seems to be saying (at least) he supports the National Meeting format. However, I’m sure there is some caveat we aren’t aware of yet. Maliki has stuck to this type of rhetoric for awhile. It’s no secret he has stalled as long as possible…but at some point (by his own admission) he may have to give in.
10-7-2012 Newshound Guru Med THEY DO DISCUSS WHAT I SAID ON THE TIME FRAME I MENTIONED ON IT TAKING TO GET TO THE ONE TO ONE WITH THE USD AND IN FACT THEY EXPECT IT TO GO HIGHER. THEY BELIEVE THE DINAR AGAIN WILL HIT 3 PLUS BECAUSE OF THE OIL. THEY PREDICT 6 MBPD IN COMING YRS AND IN 3YRS THE DINAR WILL BE EQUAL TO THE USD. THEY ARE SAYING THAT IT WILL STEADILY INCREASE OVER THE NEXT 36 MONTHS TO FINALLY GET TO 1 TO 1. [post 2 of 2]
10-7-2012 Newshound Guru Med THIS WAS A VERY VERY GOOD DAY FOR RV NEWS. THE ARTICLE...TALKS ABOUT US, THE INVESTOR, AND HOW WE ARE READY TO MAKE A KILLING ON THE DINAR...THAT WE HAVE MORE CONFIDENCE IN IT THEN THE IRAQI PEOPLE AND MOSTLY CUZ WE UNDERSTAND THAT WITH OIL EVEN THOUGH THE GOVT SUCKS THEY WILL STILL BE WEALTHY AND SO WILL THE SPECULATOR. [post 1 of 2....stay tuned]
10-6-2012 Intel Guru Blaino THE "LIFTING", "REMOVAL" AND/OR "CUTTING OFF" THE 3 ZEROS IS NOW CLEARLY ALL ABOUT THE REMOVAL (FROM THE STREET) OF THESE LARGE QUANTITY NOTES...5K, 10K, 25K..AND HAS BEEN DIVORCED FROM A CONNECTION TO THE 'RATE'...OF THE EXCHANGE FOR THE IQD. OH WHAT A RELIEF IT IS TO FINALLY GET CLARITY ON THAT ISSUE... OUR CONCERN IS THE RATE "CHANGE"...AND THE RATE OF GROWTH IN THAT VALUE OVER TIME.
10-6-2012 Newshound Guru Bondlady what messed the whole thing up from happening for over 2 years was even trying to make the goi a power sharing gov, clearly they don't and won't share and if the national conference fails then it should move to majority gov...many want to pass laws but the quota system stops that...blocs who want stuff, so they hold out and shoot down important stuff for there own selfish greedy wants...was not a good thing the US came up with power sharing... if they would just do whats best for the people and the country but they can't, greed and power and selfishness drives them. they have already said next elections will not be this power sharing stuff
10-6-2012 Newshound Guru Med A GREAT ARTICLE THIS MORNING FROM THE ECONOMIC FINANCE COMMITTEE THAT THE ZERO'S NEED TO BE DELETED ON SCHEDULE AND NOT WAIT, IF THEY WAIT IT WILL HAVE A DEVASTATING EFFECT ON THE IRAQ ECONOMY AND INFLATION WILL RISE...IT WAS VERY GOOD...NICE TO GET SOME GOOD NEWS.
10-6-2012 Intel Guru Blaino THE NATIONAL MEETING "MAY" BE HELD MORE TOWARDS THE MIDDLE OF THE MONTH...3 NAMES ARE EXPECTED TO BE NOMINATED, AND ONE OF THESE WILL BE CHOSEN. WE WERE INFORMED ABOUT NOVEMBER OF LAST YEAR THAT THESE LAST 2 MINISTERS WERE QUIETLY SELECTED AND WERE WORKING ...SO, WERE THESE UN-ANNOUNCED GUYS MERELY "PLACE HOLDERS" OR HAS THE SHIFTING OF POWER FORCED NEW CANDIDATES MORE ACCEPTABLE TO THE POWERS ON THE RISE TO BE CHOSEN? THE ANSWERS TO THESE AND OTHER QUESTIONS MAY BE FORTHCOMING IN THE NEXT WEEK OR TEN DAYS.
10-6-2012 Newshound Guru Bondlady ive said many times theres no smoke and mirrors...there hasn't been any smoke in a few years, just got to know how and what your reading... i do try to show a road map from the past to the future and sometimes those maps we have to follow are years old, but if you throw that map out because it never happened yet then you throw out what you knew was going to happen...well i did say the coming out party per the london convention and i did because thats true...it was letting europe know iraqs ready to do business with the world and get their suggestions as to what would make it easier for the world to come in and invest, so it really was but it wasn't there currency coming out party... just can't put a timex on iraqs wrist when they go by a sundial.
10-6-2012 Intel Guru Bluwolf IT IS A WORK IN PROGRESS WHERE THERE ARE SOME LOOP HOLES THAT HAVE TO BE COVERED. ALL MUST BE PERFECT BEFORE IT GOES LIVE...BUT WE ARE CLOSE. WE ARE IN A VERY IMPORTANT MOMENT IN HISTORY. WE ARE ABOUT TO RECEIVE A VALUABLE BLESSING. I KNOW FOR A FACT THAT THINGS ARE HAPPENING, THAT WE ARE CLOSE AND THAT YOU WILL RECEIVE YOUR BLESSINGS VERY SOON.
10-6-2012 Newshound Guru Med IRAQI OIL EXPORTS HAVE NOTHING TO DO WITH THE DINAR REVALUED BUT THE DINARS VALUE HAS ALOT TO DO WITH OIL PRODUCTION FOR THE FUTURE OF THE DINAR...THEY HAVE TO BE ABLE TO GET IT MOVING. IT ISNT JUST...HOW MUCH OIL, PEOPLE HAVE TO TRUST THE GOI. THEY NEED TO BELIEVE THAT THEY WILL BE PAID FOR IMPORTS AND IRAQS HISTORY ON PAYING ANYTHING IS BAD...NOW SHABIBI IS TRYING TO SELL THE IDEA OF THE DINAR TO THE PEOPLE OF IRAQ AND NOT USE THE USD. THE SAME HAS TO BE DONE INTERNATIONALLY. IF IT CANT BE SOLD TO COUNTRIES LIKE AMERICA, CANADA AND THE UK THEN IT WONT MATTER HOW MUCH OIL THEY PUT OUT.
10-5-2012 Intel Guru Bluwolf NOTHING HAS CHANGED...ALL CURRENCIES SHALL COME OUT AT THE SAME TIME,,NO DOUBLE DIPPING, PERIOD. THERE WILL BE A LOT OF MISINFORMATION COMING OUT. REMEMBER IT SHALL APPEAR LIKE A THIEF IN THE SILENCE OF THE NIGHT.
10-5-2012 Newshound Guru Bondlady why do people invest in countries right after a war? usually a war happens, their currency bottoms out but after a war its time to rebuild and bring back up the value of their money...you can't expect them to instantly go back to what it was before when they had a complete infrastructure and all their industries were at 100%...everything was crushed...everything was wiped out...very few places were unaffected, so to start from the ground up and see such huge leaps as we are seeing... you cant see it if you dont stop thinking with a western mind set ...its about them not us, its a speculative investment for us...we hope will pay off and I believe it will but this is theirs, we're just riding on their shirt tails and we helped in a major way building up their reserves to what they are whether it be through oil sales or buying their currency, we helped get them to this point...now its time for them to put on big boy pants, man up and free their country...and I believe after all these years and the much needed laws to make this come about, it's close.
10-5-2012 Newshound Guru Kaperoni This is confirmation again, that the CBI removed the larger 3 zero notes... the CBI took trillions of them out of circulation through the auctions. Some 12-16 trillion alone in April-July. This economist is right on..he is saying you cannot take our currency away, and do nothing and not hurt the people and the currency. It makes sense to me he is right. Now, you add the article...about the condition of the currency, and the problem IMO becomes even more serious. They simply cannot do nothing. The country is very dollarized right now and that needs to change. I cannot see the CBI continuing this for weeks, let alone months under the current circumstances. [post 2 of 2]
10-5-2012 Newshound Guru Kaperoni "need to apply project delete three zeros currency because it hurt to serve the citizens and national currency by reducing cash large groups of blocks in the local market." Sometimes the best articles are slipped in. Though this is not from the CBI, it is a very good article...it clearly says that you have to apply this now because if you don't it will hurt the citizen and the currency because you removed the 3 zero notes (reduced the cash large groups). This also confirms we are right they are removing them. Even though LOPers keep telling everyone they are not. lol There is no reason to remove these notes if they were LOPing the value in advance of the re-denomination. [post 1 of 2...stay tuned]
10-5-2012 Newshound Guru Administrator Bob I would describe the dinar news this weeks as 'fast and furious.' Maybe a better comparison is the book; 'Tortoise and the Hair.' Politically they stall out achieving little progress, while economically Iraq continues to stride for investment at record pace.
10-5-2012 Newshound Guru Adam Montana The situation with Iran at this time is fair, I am not worried about them. I'm very optimistic right now given the current state of the Middle East and the positive news on the HCL.
10-5-2012 Intel/Newshound Guru Poppy3 national conference should usher in a nice rv within a nickle of kuwait real fast...kuwaits rate...$3.58
10-5-2012 Intel Guru Hammerman all news is positive...we hearing stuff from iraq, smart cards for iraq citizen having 1.26 on them, cant prove yet but hearing some type of revalue went down last saturday...again hearing from top spots but still no proof...was also told if real could take from 3 to 40 days to release world wide, im still not sold but i can hope...i really cant see the rate that low.
10-5-2012 Intel/Newshound Guru Poppy3 Where do you guys go to get all this bull crap knee deep about RV's in country...when it hits it will be global.
10-5-2012 Newshound Guru Med [What effect do you think Iran has on the RV?] None!
10-5-2012 Intel Guru Blaino We...discussed in the past how it would be released and not cause major problem going from being worthless to becoming more valuable than the US Dollar, well I think we're seeing how they are making the transition within Iraq. There is still a lock down on the boarders of Iraq from taking Dinar out of the country. I still believe that if this is a pushed to finish up on the final issues that the Iraqi government faces, by the US government before the elections, we should see the National Conference take place as a final step to announcing the completion of Article 140, the HCL Laws, and most importantly the implementation of the Erbil Agreement ready to go through at or about the same time as the release from CH 7 being announced....it's just a matter of timing. [post 2 of 2]
10-5-2012 Intel Guru Blaino We now are getting releases from the CBI stating that the dinar stands at 1.18 USD per Dinar. I still believe that the rate of $1.30 that came out a few weeks ago was a solid and accurate report that was not supposed to go public just yet, because we only heard a few days ago that it was at 1:1 against the dollar, now you hear about 1.18 rate as of this morning... I still think that they are understating the true value of the Dinar at this point. Keeping a lid on the actual rate that it holds to the public. There is no reason for them to make any of these rate statements except for public relations boasting at this point since as we all know it is still able to be purchased at 1166 per dollar. So what does this mean....well it means that...what they are doing is creating the perception of a value for "In Country" at this time as to not cause a shock throughout the economy of Iraq once this is released at it's "True Value". [post 1 of 2....stay tuned]
10-5-2012 Newshound Guru Adam Montana [I just wanted to know if you have heard anything about the smart cards and if it really is an indicator for the RV.] That's something that's been twisted and misunderstood for a long time. The smart cards aren't an indicator of the RV.
10-5-2012 Intel Guru Footforward The RV is going to happen, I am absolutely sure. I am still looking for double digits and still looking for something to pop relatively quickly, within the next few days. There is a drastic misinformation campaign to try to get people to give up their dinar. It's going to be like this until the RV happens. If we don't have an RV in the next few days, expect the dinar to tank, decrease. Do not panic. It is going to do this to get people give up. Do not give up your dinar. It is a manipulative move. When the RV happens, you will not find it out in an article. The first place you will hear about it will be at the banks. There will not be a free float. The value will be controlled.
10-5-2012 Newshound Guru Doc What is interesting is the statements by Allawi lined up nicely with recent news. First we have Maliki making payments to the Kurds and have seen more articles concerning the HCl status then we have seen in a month. We are beginning to believe that Maliki may know the questioning process is imminent and is at least for now playing along. We hope this is correct and have modified our opinion that once we see resolution concerning Ebril/HCl we are pretty well there. Based on Allawi's statements this appears to be the holy grail so to speak. [Post 2 of 2 ]
10-4-2012 Intel Guru Blaino BIG 4 BANKS HAVE A "CURRENCY REVALUATION NOTICE/WARNING" ...EXPIRES FRIDAY...THESE NOTICES DO NOT SPECIFY WHICH CURRENCY...ALSO, WE HAVE A CONNECT TO AN IRAQI WHO GOT BACK PAY ON HIS SMART CARD YESTERDAY...WENT TO EXCHANGE/WITHDRAW SOME USD... CLAIMS HE GOT $3.42. WAITING ON SOME MORE CONFIRMATIONS...MEBBY A COPY OF A RECIEPT OR SOMETHING CONCRETE.
10-4-2012 Newshound Guru Doc We are seeing more and more articles talking about a "float" for the currency. We stated in the past we believe this to be a real scenario. It would allow the CBI and Iraq the best economic position. The float would increase the value based on supply/demand and we speculate the CBI would make a ton of money on buy/sell transactions. It would also allow the market to determine the value based on Iraq's fundamental economics and not politics like under Saddam. We would also speculate the CBI would support the dinar at some minimum levels. If the float is reality it pretty well discredits the rumors of a high ($3+) initial or RV rate. We report, you decide.
10-4-2012 Newhound Guru Doc There was a great article that came out of London that was an interview with Allawi...Allawi was quoted as saying "Maliki was put into power to make reforms. He was supported by the US and Iran". Allawi went on to say there were enough votes to have him removed but threats by Iran and pressure from the US changed enough votes for Talibini to stop the process. Allawi is quoted as "pressure from the US was due to the upcoming election". Allawi continued by saying there is enough support to bring Maliki before Parliament for questioning. The jist here was if Maliki didn't play ball it would happen sooner than later. Allawi even mentioned Maliki's attempt to take over the CBI. Allawi summed it up by saying there would not be a National Meeting and he and his bloc would not attend. He said "Ebril was approved and simply needs to be implemented". It was quite clear from the interview that the major political stumbling block are the issues surrounding Ebril. [Post 1 of 2 Stay tuned for the rest of the story....]
10-4-2012 Intel Guru Winalot [new guru] just off of the phone with 5/3 bank...They have been notified of the rv! My bank told me when THEY called ME that they were aware of a rv in Iraq. They said that there was NOT a buy rate yet. That would also mean that there is NOT an international rate yet either! They then told me that they would contact me AS SOON AS there was a buy rate!
10-4-2012 Newshound/Intel Guru BGG Wow, the last 48 hours is crammed with news. The biggest news of the day, the biggest news of the month, is Maliki and Talabani have actually met today. Also, there was a meeting yesterday with the oil ministers and all of the leaders of the blocs to discuss the HCL Law. It was a very successful meeting. There is a lot of pressure to get the National Conference done. We should see something very, very quickly. They are probably under some pretty serious pressure to get this done. Poppy3 said to get your bags packed, it's coming soon!
10-4-2012 Newshound Guru Enorrste I remain concerned about how much influence Maliki has or will have in restraining Shabibi. However, given the fact that Shabibi has been astute enough to enlist the support of the entire Parliament plus most of the influential economists in the country prior to his "going public" with these various conferences, it seems to me that he is determined to move ahead with or without GOI approval. It is also clear that Shabibi does not have the GOI behind him at this point. This is evident in that he has set back the "remove the three zeros" and the introduction of the new currency until at least 2014. However...the changing of the rate is still in play and can occur at any time. Once he releases the currency to float freely in the market, which is entirely his right to do, Maliki will have no control over the rise in the value of the IQD. We must keep...our focus on the rate change only. Everything else is just politics.
10-4-2012 Newshound Guru Kaperoni In June 2012, the CBI held a high level Symposium...To come up with a new solution to achieve the same results...which is raising the value of the dinar to move the economy forward. That plan was kept under tight wraps until just last month...this team was aware of some of the new details, which we shared as we found them out...details which included a change from the RV to a free float. Though a new plan is in place for a free float of the Iraqi dinar, it is clear that Maliki does not want this to proceed and is doing whatever he can to stop it. Will he have success? Only time will tell. [post 2 of 2] [Full report will be sent out later today or tomorrow. Sign up above to make sure you get the full details.]
10-4-2012 Newshound Guru Kaperoni In recent days, many articles have surfaced that have changed the landscape of the Event. Whether an RV or free float, it appears that changes are in the works. I believe last year, and again this Spring (April), the CBI’s plan was an “overnight” RV at 1 to $1 or thereabouts. This was confirmed in the SIGIR report and various articles. Unfortunately, the GOI, and particularly, the CoM has been adamantly against this plan from the beginning and stopped it. [post 1 of 2....stay tuned]
10-4-2012 Intel Guru BOBGETZ6 [10:36 AM] I have heard of a possibility today, but it is not a confirmed exact thing. I hear there is excitment and expectation. I would urge being grounded until information is confirmed.
10-4-2012 Newshound/Intel Guru BGG Article: "Talabani and Maliki agree on a road map out of the thought of the current crisis" This is the prelim to the “final meetings” – ...the final piece of the puzzle was for Talibani and Maliki to meet before Talibani meets with Allawi and Barzani. It could signal that we are either very, very close to the end or the veil is about to be pulled back. One of the two.
10-4-2012 Newshound Guru Adam Montana I think we are going to get a 90 days to a year before they phase out the current currency. If we are lucky, and if they are smart, they will allow the value to grow as they are exchanging old for new notes. The CBI can make a ton of money doing this.
10-4-2012 Intel Guru Bulldog75 Iraq's oil exports rose to 2.6 million barrels per day in September, their highest level in three decades; the country aims to hit 6 million bpd by 2017, which would put it close to Saudi Arabia's current level. Even if unstable politics, militant violence and bureaucratic inefficiency prevent that target from being hit, Iraq still seems to be on the threshold of an oil boom that will transform its finances. Inflows of new oil revenue could give the country big external surpluses and push state finances deep into the black by late this decade - the classic recipe for a strong currency.
10-3-2012 Intel Guru Soonerfan62 I AM REAL EXCITED ABOUT WHERE WE ARE AT. I WILL ASSURE YOU WE ARE IN A GREAT POSITION TONIGHT. MANY THANKS TO MADAME WU AND HER TEAM AND THE IMF, UST, UN, BIS, AND ALL THE OTHERS THAT HAVE WORKED COUNTLESS HOURS TO GET THIS DONE FOR US. [can u advise us did iraq receive the smart cards today] YES [are the smart cards activated?] YES [Is it done?] :) WE ARE THERE IMO.
10-3-2012 Newshound Guru Adam Montana Regarding Chapter 7... has anyone noticed that there's not much news about it lately? I sure have. In my opinion, the reason is very simple. All of the requirements to be released from Chapter 7 have been fullfilled, and it's just a rubber stamp issue at this time. Therefore, they are focused on more important issues such as the HCL and the things necessary to regaining their wealth.
10-3-2012 Intel Guru Blaino IT'S NOT THAT THE KURDISTAN ALLIANCE DOESN'T WANT THE IMPROVEMENTS, IT'S THAT WALKING OUT ADDS TREMENDOUS PRESSURE ON "DEALS MADE" AND THOSE IN THE WORKS.... (FOLLOW THE MONEY!) AS IT NOW APPEARS THAT UNLESS AND UNTIL MALIKI AND THE ALLIANCE GETS IT TOGETHER ON THIS... WE ARE ON HOLD. WE CANNOT GET A VOTE ON ANYTHING ELSE...TILL THIS AT LEAST IS OVERCOME. THIS IS ONE OF THOSE ISSUES CHOKING THE BOTTLENECK ALL THINGS "RV" NEED TO PASS THROUGH. LET'S HOPE THIS IS ONE OF THE LAST REMAINING MARKERS WE NEED TO GET PAST. I AM EXTENDING THE CURRENT "PASS" UNTIL 8PM BAGHDAD TIME ON TUESDAY. THAT WILL BE NOON TIME HERE (CENTRAL TIME) AS THEY ARE 8 HOURS AHEAD OF CENTRAL TIME, US. [post 2 of 2]
10-3-2012 Intel Guru Blaino THERE IS FRESH NEWS REGARDING MALIKI AND PARLIAMENT. THE IRAQI KURDISTAN ALLIANCE IS CURRENTLY GETTING BUTTERED UP BY MALIKI AS REGARDS SEVERAL INFRASTRUCTURE CONTRACTS AS A CARROT TO ATTEMPT TO AMELIORATE THE STRESS AND TENSIONS BETWEEN THE PARTIES....AS OF NOW, $42B IN CRITICAL INFRASTRUCTURE IMPROVEMENTS ARE IN LIMBO SINCE THE KURDISTAN ALLIANCE WITHDREW IT'S MINISTERS FROM THE BATTLEFIELD BEFORE THE VOTE COULD BE ACCOMPLISHED. THIS FORCED A DELAY WHICH MAY BE RESOLVED ON THURSDAY... BUT THE POSTPONEMENT WILL BE THROUGH TUESDAY WHEN THEY RECONVENE. [post 1 of 2....stay tuned]
10-3-2012 Newshound Guru Enorrste there is a difference between "changing the value" of the IQD (either free float or RV), on the one hand, and "removing the three zeros", on the other hand...the talk about delaying the removal of the three zeros until 2014 DOES NOT CONCERN US since we don't care when they remove the large notes in Iraq. All we care about is the RATE CHANGE. The bottom line is this: the change in the rate MUST precede the removal of the three zeros. Therefore, Saleh has no problem moving the date back on the removal of the three zeros to 2014. Why? Because he knows that they will all disappear automatically from the market when the RATE changes to $1, or more. This means that the date of 2014 could be 2024 for all he cares. The notes will disappear as soon as the rate gets to $1 or more! he drops another hint to us to allow us to see that the process of removing the three zeros is NO LONGER TIED to the RATE!
10-3-2012 Intel Guru Blaino Shabibi is the best central bank person in the last 100 years, we just don't like his timeline. We wonder what are they doing and what are they waiting for. Lots of moving parts and if they are not lined up properly, it comes to a stop. The confluence, the convergence is coming about...Lots of pressure. Lots of events they are trying to get done.
10-3-2012 Newshound Guru Kaperoni They are not waiting another year to begin. They will wait IMO before they officially "delete the zeros" but the float will begin soon to raise the value naturally based on demand and that is all we care about. This is absolutely necessary to move forward economically, enter the WTO, ISX, and start to bring in the investment needed to rebuild. Remember the condition of the current currency? No doubt in my mind that the dinar will rise in value very soon which will allow them to use the smaller denoms that they already have. It has been a tough ride for us for sure...keep in mind we spent years searching, debunking the 3 + initial rate, to get to a 1 to $1 rate...then a "staging rate", only to get information of free float. It for sure has been an evolution.
10-3-2012 Newshound/Intel Guru BGG to use the term delay implies we had a solid date to begin with – we never have. This is event driven – not date driven (for me) – there is no guarantee of any delay (for sure). To me – that’s good news.
10-3-2012 Newshound Guru Adam Montana October 2 two things happened - my Iraqi sources tell me that it was leaked that the budgetary committee was going to go NUTS if there was no plan to officially implement an immediate strategy to raise the value of the dinar when the HCL was resolved, and it threw a wrench in everything. October 3 that announcement was officially made - they are demanding an inclusion for "financial development". I, for one, was literally on the edge of my seat most of yesterday waiting for some more news to break. Unfortunately we don't have it yet, but nonetheless - HOW EXCITING! My opinion is that the thing to watch is the HCL. As soon as they resolve that, we are THERE. [post 2 of 2]
10-3-2012 Newshound Guru Adam Montana if you've been paying attention to the news, you've got to be as excited as I am...as recently as October 1 we have a TON of articles talking about a "mechanism" to resolve the HCL. For those that are unfamiliar with how arabic gets translated, a "mechanism" is generally a contract...that means that earlier this week they ALMOST signed this thing into law. [post 1 of 2....stay tuned]
10-3-2012 Newshound Guru Med SALEH DOES ANNOY ME A LOT BUT I MAY HAVE UNDERESTIMATED HIM. I THINK WHAT HE IS DOING IS NEEDED TO BLINDSIDE ALL, TO MAKE PEOPLE FEEL THEY ARE GONNA DO IT AGAIN AND HOPE TO GET PEOPLE TO GIVE UP. HE HAS MADE WAY TOO MANY PROPER STATEMENTS ABOUT THE REASON FOR THE DELETION AND WHY IT IS HAPPENING AND NOW CBI IS NOT INTIMIDATED. NOR ARE THEY UNDER ANY OBLIGATION TO THE GOI TO SAY CAN WE. PARLIAMENT DECIDED THAT ALREADY AND THE PARLIAMENTARY FINANCE HAS ALSO ALREADY GIVEN THE OK TO GO FORWARD. IF ALL IS STILL FACT AND WE DONT PUT ANY TRUTH IN WHAT SALEH SAID AND WE ARE WITHIN 2 -3 MONTHS OF AN RV. THE 2013 BUDGET IS STILL HUSH HUSH.
10-3-2012 Intel Guru Blaino WE ARE FINE! JUST WAITING FOR THIS TO 'CLEAR'...SO WE CAN MOVE ON DOWN THE LINE A LIL FARTHER! THERE COULD BE AN ADJUSTMENT TO THE 'TIME' OR THE HOUR...AS THE FOG LIFTS, WE WILL SEE. WE CAN CLASSIFY THIS AS A "POLITICAL ISSUE" WHICH IS A TEMPORARY 'STOPPER' DUE TO THE SCHEDULING TO GET THE RELAVENT PARTIES TOGETHER TO DISCUSS, NEGOTIATE AND AGREE... WHICH THEY WILL DO! BUT THEY WILL NOT START TILL THURSDAY AM AND IT SHOULD BE A 1 DAY DEAL...METHINKS. [post 2 of 2]
10-3-2012 Intel Guru Blaino THERE IS A FRESH "DISTURBANCE IN THE FORCE" THAT PRECLUDES ANY SIGNIFICANT MOVEMENT TILL IT CLEARS. SO, TO EXPRESS THAT REALITY...I'M TAKING PLANET AND DINARIAN DOWN TO ALERT LEVEL 4 AND DECLARING A PASS TILL THURSDAY EVENING, 8PM BAGHDAD TIME. THIS IS NOT ANY REASON TO BE DE-MOTIVATED OR UPSET, IT IS A BETTER REFLECTION OF WHERE WE ARE "AT THIS MOMENT". NOW, WHAT A "PASS" MEANS IS THAT DURING THE PASS, THE CHANCES FOR AN RV OR OTHER SIGNIFICANT CHANGE IN VALUE ARE REDUCED, NOT PERMANENT, JUST REDUCED TILL THURSDAY EVENING! IF THIS CHANGES IN A SIGNIFICANT WAY, I'LL LET YOU KNOW. [post 1 of 2....stay tuned]
10-3-2012 Intel Guru TerryK I NOW HAVE A GAG ORDER ON ME, FYI. I CAN'T TALK ABOUT DINAR FOR A WEEK, CAN'T. THIS IS NO GAME, JUST LETTING U KNOW. I CAN'T TELL YOU, WHO I CAN'T TELL YOU WHY. ALL I CAN SAY IS I CAN'T TALK DINAR FOR 1 WEEK. I CAN'T SAY ANYTHING, THAT IS NOT RUMOR. I CAN'T AND WILL NOT GIVE ANY INFORMATION FROM MY SOURCCES, PERIOD. I CAN TALK IRAQ ARTICLES BUT NOTHING FROM SOURCES. I TOO THINK THIS IS BULL **** BUT IT IS WHAT IT IS...BITING TONGUE. [Vnd? What is your opinion on that rate for the VND?] SURE, HEARING .91. I JUST CAN'T TALK DINAR. I KNOW THEY HAVE THE FUNDS BUT WHO KNOWS WHAT IT WILL COME OUT AT . 10-2-2012 Intel Guru Blaino I was told several days ago that Moon was going to make a public announcement that Maliki better get this worked out with Kuwait... also, he told Kuwait the same thing... wondering if these kind of comments are real or window dressing. I am thinking there is a time when it is scheduled to be heard at the UN, and all this needs to be done by that day!!! it is not gonna be post-poned because Maliki has a headache.
10-2-2012 Intel Guru Bluwolf THERE IS NO INFORMATION TO SHARE WHAT SO EVER FOR ALL CONTACTS ARE SILENT AND THAT IS EXCELENT NEWS. WE ARE IN A VERY GOOD SITUATION. IF CHAPT 7 IS OFFICIALLY OVER IT SHOULD SHOW IN THE RESOLUTIONS. ONE THING I WILL SAY KUWAIT WAS PUSHING THE ENVOLOPE. IMO I THINK IS ALL DONE IN THE UN. SO NOW WE WAIT FOR THE OUTCOME.
10-2-2012 Intel/Newshound Guru Poppy3 I was just informed i can rest assure there will be a RV before dec1 and their budget will be opened and activated... he said the absolute timing will depend on three things. IF Maliki co-operates or if he has to be removed...If he co-operates and all the details are completed prior to the national meeting THINGS WILL BE FASTER or If he is removed and how long it will take to remove and replace with a interum and how long it will take the new pm to fill the final positions of the GOI...JUST PASSING ON WHAT CAME FROM INSIDE BAGDAD ABOUT ONE HOUR AGO. He stated the longest senario would be dec 1 and that he still expects completion and announcement of the national meeting prior to the 15th of this month. hope this lift some spirits...
10-2-2012 Newshound/Intel Guru BGG We are looking for the National Conference sometime in mid-month. The National Conference will probably be a P.R. meeting unless Maliki pulls his monkey business, then that's not how things will play out. Talabani has held a cattle call of meetings in the last few days. Allawi's meeting was to be yesterday or today but we don't know the status of that yet. Allawi has been suspeciously quiet. He wants the Eril agreement implemented & what he has agreed upon, that is the bottom line.
10-2-2012 Newshound Guru SWFloridaGuy the SLC [State of Law Coalition] intends an attempt at jerking Allawi around on the Erbil agreement during the “National Meeting” on the basis of constitutionality. Fact. Either some “watered down” version of the Erbil deal gets agreed to or I expect the opposition to reform and remove Maliki soon. They are already calling for it now.
10-2-2012 Intel Guru Okie_Oil_Man HI PEOPLE--BEEN A WHILE SINCE I HAVE BEEN ON COMPUTER. HAVE BEEN VERY INVOLVED IN THE OIL FIELD. IT HAS BEEN INCREASINGLY DIFFICULT LATELY TO OBTAIN CORRECT INTEL THAT WAS SHARABLE. I HEAR THE MANY RUMOR'S OUT THERE AND KNOW FROM SOURCES THAT IS JUST WHAT THEY ARE---RUMOR'S-WE ARE NOT IN CONTROL OF THE R/V SITUATION AND SHOULD REALIZE THAT IT WILL HAPPEN WHEN IT IS SCHEDULED TO--NO MAN KNOW'S THE DAY OR HOUR. I AM POSITIVE OF THE END RESULT'S BUT HAVE HEARD WIDE AND VARIED DATES FROM SOURCES. THIS LEAD'S ME TO BELIEVE THAT ABSOLUTELY NO ONE KNOW'S EXACTLY WHEN IT WILL OCCUR.
10-2-2012 Newshound/Intel Guru BGG He’s paid the Kurds – to appease them for the moment, at the same time buying pretty heavy weaponry to fight “terrorism”. Then he’s talking big about this “gov’t of Partnership has been a waste of time and he’s going to form a majority gov’t (code word – dictatorship) as soon as he gets back. There is quite a few people calling for his replacement the last few days. I’ve said it all along – there is lots more to the story and they have given him every opportunity to act right, next stop – New Prime Minister.
10-2-2012 Intel/Newshound Guru Poppy3 They have passed another timeline for the National Conference, it was to be October 1. Talabani has already interviewed a list of people and what we are looking for is what comes out of the meeting today if he and Allawi get together, this could be huge for us. It sounds like everything needed to seat the full government and have the RV is well on it's way to be agreed upon and the next thing we have to look for is them all being voted on. I understand now that Parliament will not be in session to vote on these things until the 9th of this month, but we know this is subject to change on timing, things can change in Iraq without hesitation.
10-2-2012 Intel Guru Wisdom [new guru] We are seeing 4 issues coming into fruition at or about the same time. We have the UN meeting & they are all happy. We could be hearing something by tomorrow [Tuesday]. Chapter 7 is being dealt with right now. This is a very, very good marker for us. The National Conference has been an ongoing set of meetings, preliminary meetings. We should see the National Conference before the end of the week, this is just a projection. The fact that they are about to address the agreements of Art. 140, HCL and Erbil all at the National Conference to wrap things up along with Chapter 7, coincidental, I don't thing so. This tells me we are there. All of these points are major plays & have to come out at the same time or within days of each other. About 4 or 5 weeks ago there was a press release from the CBI stating that they had the dollar to back the dinar at over $1.30 just in currency alone, not withstanding any other assets. I have a feeling, since they have contracts with international oil companies, with G.E. for power plants, they have to have a timeline. They must have a tradeable currency. I think it's all going to go live really quick.
10-2-2012 Newshound Guru Mailman17 THE ARTICLE REGARDING TALABANI FINALLY GETTING THE CONFERENCE SCHEDULED...THESE CONFERENCES NORMALLY ARE HASHING OUT MEETINGS. THIS ONE JUST MAY BE DIFFERENT. SHABS NOW HAS IN PLACE HIS COUNTERFEITING LAW. THE BANKS NEEDED ASSETS TO COVER THE EXCHANGE AND THAT THE CBI TOLD THEM THEY WILL BE ACCOUNTABLE FOR ANY FUNNY MONEY. NOW WE HAVE THE LAW.
10-2-2012 Intel Guru TerryK NO NEW NEWS. STILL WAITING FOR CALL. IM PRETTY EXCITED. 10-1-2012 Newshound/Intel Guru BGG Article: "Iraq begins with payment to foreign companies operating in Kurdistan" this is great!! The Central Gov’t and the KRG seem to be working out their differences.
10-1-2012 Intel Guru TerryK THERE IS A SMALL GROUP IN RENO [that] CASHED IN LATE THIS AFTERNOON. IN OTHER WORDS, [it] JUST HAPPENED. WE ARE TYING TO GET THE DETAILS. PLEASE TREAT AS RUMOR. WILL BE BACK WHEN I GET MORE. LATER…
10-1-2012 Newshound Guru Bondlady Infrastructure and General Amnesty laws, they are in a fierce battle right now over these two laws...the infrastructure law, there is an extreme need for iraq to greatly move it forward...it will give huge amounts of jobs to the people and build the infrastructure and would adopt the law of pay on credit...the amnesty law, passed in its current state without huge amendments...would release an untold amount of criminals from everything from murderers to rapist to robbers, kidnappers counterfitters etc. Iraq is a cruel and hard, barbaric country in many ways, change doesn't come easy or overnight.
10-1-2012 Newshound/Intel Guru BGG Article: "BAGHDAD – Erbil: agree on a mechanism to resolve disputes artistic oil" Very, very, very good news. When they start sharing the money and oil – all is well.
10-1-2012 Newshound Guru Doc We have one article saying Parliament has been adjourned until October 9 due to lack of quorum and another saying "The Presidency of the Council of Representatives decided to extend the legislative term months where it was supposed to end on October 14 this but it has been extended to November 14 due to the presence of important laws waiting for legislation." As of now we have not been able to confirm either. Frankly we hope the second article is accurate since it actually shows a sense of urgency for the first time in awhile. As always only time will reveal the true facts. We report, you decide [post 3 of 3]
10-1-2012 Newshound Guru Doc A third article addressed the exchange rate. It is quotes as "that the success of actions the central bank to reduce dollar against the dinar would make dollar equals Iraqi dinar per the next few days". While encouraging we need some caution here. First this did not come from the CBI and second we have seen articles stating events would occur "in the coming days" on to see nothing occurring for months. What is interesting is the reference to the dinar equal to the USD. We note here that this is further proof the high rates of $3+ quotes by some are pure fantasy. This and other recent articles continue with the 1 to 1 scenario. We continue to maintain $1 is the mostly likely cap for the initial rate out of the gate. [post 2 of 3....stay tuned]
10-1-2012 Newshound Guru Doc There were three very good articles that came out over the weekend that give us much encouragement. The first is was quoted as "Allawi will meet Monday or Tuesday with President Talabani to discuss the political issues, and the implementation of the agreement (Arbil - Najaf). Allawi will discuss in detail with Talabani, what will be put at the National Meeting, and the importance of what should be asked and agreed upon." We see from this that 1) Ebril issues are very much center stage and 2) so is the National Meeting. We also learn from this that the National Meeting has NOT been held despite rumors this weekend. The second article is quoted as "Kurdish Natural Resources Minister Ashti Hawrami confirmed that Baghdad transferred payments to international oil companies working in the region", reports Bloomberg News. Again this is very encouraging in that we seem to be getting movement on the Ebril issues. Maliki appears to be playing ball once again. [post 1 of 3....stay tuned]
10-1-2012 Newshound Guru 8Ball Article: "Urgent .. Adjournment of the House of Representatives, to the ninth of this month for lack of quorum" yes...the one thing that is a guaranteed with Iraq is that it will be delayed.
10-1-2012 Newshound Guru SWFloridaGuy I don't think they will get out of Chapter 7 without first moving forward with their economic reforms. I don't think they will move forward with their economic reforms until they have a power sharing government in place. [Do you have an opinion about the article explaining that the dinar will equal the dollar in the next few days?] It's a very encouraging article but I'm naturally skeptical and waiting to see rate movement for myself. There has been a lot of encouraging news lately though and taken collectively, it's hard not to feel that Iraq is definitely making progress.
10-1-2012 Intel/Newshound Guru Poppy3 As sources had reported and I reported to you, the RV should have taken place last night or today but Allawi walking out Saturday because of the schedule of votes has caused this delay. It is good for us this time because Maliki was trying to get the amnesty vote first and would have given him free reign and he could do much as he pleased and they couldn't prosecute him. He and Talabani are meeting today. Could settle this issue.
10-1-2012 Newshound/Intel Guru BGG Article: "Hamid al-Mutlaq demanded the government to resign due to their failure in running the security file" This is a new twist – Mutlaq (the Deputy PM – behind Malik) and Maliki have been at odds before. Looks like things are heating up again. IMHO – Mutlaq is putting some pressure on to get things headed the right direction – Maliki giving up the Security Ministries would be almost as good as him resigning. Maybe better.
10-1-2012 Intel/Newshound Guru Poppy3 it is my understanding as of last night all of the main issue's have been settled and agreed on and they are down to only a very few decisions and the voting procedures is the main one. The meeting today may solve that one...voting sequence still not set. Talibani and Allawi to meet today . If they can settle this dispute and agree with Allawi this time he needs to stand his ground and get the vote done on the power sharing before the amnesty Law. We are in a good position and it is exciting they have never taken a break they continue to meet daily and coming to terms with many of the issues. keep the smile on your face your, blessing is very close.
10-1-2012 Intel Guru Blaino News today [Sunday] indicated that the dollar will equal the dinar in the next few days, few is usually 3 - 5, not weeks, but days, according to yahoo translator. Oil contracts were to be paid today...you have to have a tradable currency...need to have some serious money. I know that we have been on dinar level 5 for more than a month and a half, but I have not gotten anything that did not say it was imminent.
10-1-2012 Newshound Guru Mailman17 THE FACT THAT THE GOI IS RELEASING MONEY TO THE KURDS TELLS ME THE 2007 HCL IS VERY MUCH ALIVE AND QUITE POSSIBLY ALREADY A DONE DEAL, JUST NOT ANNOUNCED. IN OTHER WORDS THE GOI AND THE KURDS ARE ON THE SAME PAGE, FINALLY. **** It has been an EXTREMELY slow the past 2 days for guru updates...I think the cat has got their tongues ?!? I'm not really sure why the quiet...If you are not a Dinar Guru member already, I highly highly recommend you get on the list...I send you videos, special articles and other cool stuff AND you will be on the ALERT LIST is anything drastic should happen...Simply add your name and email address to the blue box above...talk soon Blanche ****
9-30-2012 Intel Guru TerryK 11 EASTERN IS WHAT I WAS TOLD BUT TREAT IT AS RUMOR, YEA THEY TOLD ME 7 PACIFIC THEN 11 EASTERN, SO WHO KNOWS. I DONT THINK CHINA KNOWS BECAUSE IT WILL NOT SHOW IN CBI UNTIL AFTER 3 AM EST. FOREX IS NOT UPDATING TONIGHT. I GOT A BAD FEELING ABOUT TONIGHT. I HAVE NOT HEARD ANYTHING AND THATS JUST NOT RIGHT. WHAT WORRIES ME ALL IS WITH ALL THESE HACKERS IM AFRAID THEY WILL NOT MOVE ON THE BANKING SYSTEMS. PLEASE KEEP ONE THING IN MIND...IF THIS DOES NOT GO DOWN PLEASE BE KIND. I ONLY PASSED ON THE INFO THAT I GOT OK. DONT SHOOT THE MESSENGER. THANKS ALL FOR YOUR SUPPORT, I JUST DONT HAVE A GOOD FEELING SINCE I HAVE NOT GOTTEN ANY CALLS ALL DAY...FROM MY SO CALLED SOURCES.
9-30-2012 Intel Guru Hammerman About an hour ago [approximately 6:15 central] they sent out an alert of the pending revaluation of Indonesian countries. So we wait and see. Something should happen in the next few days, would it surprise me if it didn't, no, we have been here before. Sources in Iraq confirm that official documentation from the CBI is stating that Iraq would be worth at least equivelent to the USD in 2 to 12 working days. I am hearing that Bagdad will be blacked out tomorrow on intel coming out & security has been pumped up. All news is good...we are close to the end of this ride. Everything out of Iraq says they will be revalued in the next few days, time will tell. [post 2 of 2]
9-30-2012 Intel Guru Hammerman Ban Ki Moon officially took them out of Chapter 7 and he said that the Iraqi dinar will be at least equivelent to the USD in the next few days. Since last Thursday banks have expected this revaluation, they have people on overtime. All the ministers are seated & I am still hearing that they did the National Conference but I can't prove it. I am hearing they did announce the Erbil and the HCL. I have seen with my own eyes documentation from the IMF & UST, telling bankers to be on high alert of no less than 5 countries to revalue before midnight tonight. Before that, banks were told to be on high alert for pending revalue of multiple countries. [post 1 of 2....stay tuned]
9-30-2012 Newshound/Intel Guru BGG Article: "Parliamentary meeting today to agree on a standard format for the oil law" There has been considerable talk about this HCL law being finalized – if they actually finish it up – this will be huge!! In fact, even this kind of “chatter” is pretty big.
9-30-2012 Newshound Guru SWFloridaGuy I haven't seen anything that points to a solid date, location or confirmed attendees yet but it appears that Talabani is working on assembling the necessary parties, emphasizing the need for bilateral congruity and holding a successful NC. That article that said preparatory steps have been initiated since his return to Baghdad is encouraging...it's not just that article that has me encouraged. Couple this...with the temporary oil and gas agreement (payments initiated today), Ban Ki Moon at least giving the appearance of being in Iraq's corner regarding sanctions, Parliament voting on the Infrastructure law tomorrow and a possible National Meeting in the works and I'd say things are looking very promising. There has been quite a lot of positive news lately that leaves even a cynic like me with a positive outlook. All we can do is let this play out and hope for the best.
9-30-2012 Newshound/Intel Guru BGG Talabani is in Bagdad as of Saturday. Allawi's meeting with Talabani is tomorrow, this is huge, beyond big. Once that meeting takes place I would suspect if it's a very good meeting, I think people will come out of that meeting with their hair on fire talking about how good it was. I don't think they will be able to keep it out of the media. It looks like just a matter of timing predicated on things going like we would like them to. When the politics are all sorted out, done, this whole thing will be done for us. It's all about their currency, their country.
9-30-2012 Intel Guru TerryK WANT TO SEE SOMETHING AWESOME. Exert: dinar exchange rate against the dollar would drop more in the coming days by effective central bank actions...The Economist said Majid, mock US dollar exchange rate is declining and the dinar will equal in the next few days, praising Central Bank actions "successful" reduce the dinar against the dollar. Mock said (News Agency news) on Sunday: that one important factor for the high dollar exchange rate dinar last summer months are high demand and low supply and exploitation of citizens banking companies to lift the dollar, prompting the Central Bank to increase the supply in the auction currency. READ IT CAREFULLY...THE MORE THE DINAR DROPS THE STRONGER IT BECOMES AGAINST THE DOLLAR.
9-30-2012 Newshound/Intel Guru BGG Article: "Delegation headed by Allawi will visit President Talabani upon his return to Baghdad" As I said a while back, the three people we need to see “on board” were Najafi, Allawi and Barzani. Najafi was “on” as of the other day. Barzani will be a “soft touch”. All Talabani has to do is give Barzani what was originally agreed to. In a miraculous turn of events (especially after the tone of his rhetoric the other day), Allawi appears ready to talk with the President. This is the hardest play of the bunch – especially considering how “at odds” with Maliki he has been. However, if Maliki gives Allawi what he has agreed to (publicly – numerous times) this should be a “doable deal”.
9-30-2012 Newshound Guru SWFloridaGuy Article: "THE CBI TO REDUCE THE DOLLAR AGAINST THE DINAR WOULD MAKE DOLLARS EQUALS TO THE IRAQI DINAR PER THE NEXT FEW DAYS." "One Important factors to the high exchange rate of the dollar against the dinar in the past summer months is the high demand and tight supply and exploitation of banking companies for citizens to raise the price of the dollar, prompting the central bank to increase supply in the currency auction." This statement tells me it's not a rerun... Now whether or not it will happen or is factually based remains to be seen but coming from Chief Economist Majid does give it a bit more tenability than just some random economist who chose to be anonymous.
9-30-2012 Newshound/Intel Guru BGG Article: "Talabani arrives to Baghdad to start talks about the Iraq crisis" This is major news!! Talibani went to Baghdad yesterday afternoon to prepare for meetings ahead of a National Meeting announcement. Another article is quoted as saying…“noting that Talabani will hold bilateral meetings with political leaders before announcing the date of the meeting Expanded national political blocs.”. Sounds serious to me.
9-30-2012 Intel Guru Bluwolf WE ARE NOT RECIEVEING ANY NEWS OF WHAT IS IN MOVEMENT AND TO THE WHEN OF THINGS TO COME...WE MUST BE PATIENT.
9-29-2012 Eerie quiet guru day....???
9-28-2012 Intel Guru BWM it's gonna be 12 seconds and pure chaos when this happens IMO... just trying to actually verify it without setting of a panic will be a monstrous task...don't misunderstand it WILL be a huge deal. I just think it will happen and we will all be doing our verifications and calling and celebrating.
9-28-2012 Intel Guru TerryK now for the rate, its not coming out at 3.22, not at 3.86 but it will be paired .50 higher than kuwait...that came out of an agreement tied to chapt 7. Now here is the kicker, kuwait is going to rv as well. Vdn is to be right at .97, again rumor to be paired with the usd, this is coming from 8 different calls. Also keep in mind monday is the start of the new year for iraq their system is the same as your $ system, oh you did not know oct was a new year for our $ surprise. So, this is either going to be a great weekend or a bust because if this does not happen by monday i dont know when it will, maybe after the election. Oh, one message was from ust one from china and other sources, fyi. [post 2 of 2]
9-28-2012 Intel Guru TerryK i had a face to face with a three letter agency tonight, treat as rumor please. First chpt 7 is to be over, national conference released or should i say was sent home today...this is from like 8 different calls and im throwing it all together. China says some bankers (inside) are cashing in tonight, this will not go into october, we are to see this sunday night is what i was told not offical, ust still in lockdown. [post 1 of 2....stay tuned]
9-28-2012 Newshound Guru Bondlady Article: "Preparing draft law to combat money laundering Ali Abdullah: Detection office money laundering of the Central Bank of Iraq, Friday, for the preparation of a new draft law to money laundering, according to the actual need for the requirements phase and challenges, noting that the project will be submitted soon to the House of Representatives." its a biggie whether anyone realizes or not, its one of the very last things the cbi had to do before they brought out the new money...without it in place, all the votes against the cbi wanting to do whatever it needed to do to bring on what we wanna see...this was and is the last big hurdle imo...this was what the cbi has been needing and prepareing for...to finally see the cbi getting ready to submit it to me is the last piece...don't know if folks actually realize how big it is imo
9-28-2012 Newshound Guru Med NOW, IN A FLOAT, THIS IS WHAT THE KUWAITI'S DID FOR ABOUT 2 YRS. IT CAUSED SO MUCH FLUCTUATION ON A DAY TO DAY RATE ANYWHERE FROM .40 OR MORE A DAY SO THEY DECIDED TO STOP IT AND WENT INTO A BASKET NOW IT HAS STABILIZED. THERE ARE SEVERAL TYPES OF FLOATS THE DINAR IS PEGGED AGAINST THE USD AND SHOULD HAVE INCREASED IN VALUE WHEN THE USD DID BUT IT DID NOT BECAUSE CBI GOT PERMISSION TO USE A CRAWLING PEG' AND ARE IN A MANAGED FLOAT. THIS IS WHERE THEY, THE CENTRAL BANK, PUT OUT OR TAKE IN CURRENCY TO KEEP THE RATE STABLE. THAT IS ABOUT IT. [post 2 of 2]
9-28-2012 Newshound Guru Med LET ME EXPLAIN ON A BASKET. THEY WILL HAVE 4 COUNTRIES ALONG WITH IRAQ. I CANT SAY WHO IT WOULD BE, I THOUGHT IT WOULD BE COUNTRIES IN THE ME. WHAT HAPPENS IS THEY ALL HAVE A VALUE LIKE RIYAL IS AROUND .26 TO .32 THEN YOU HAVE THE KWD WHICH IS AROUND 3.87 YOU HAVE THE JORDANIAN DINAR THE BHARAIN DINAR. SO HOW IT WORKS IF THE DINAR LETS SAY DROPS BUT THE OTHERS ON IT RISE, THE DINAR WILL NOT LOSE ANY VALUE THEY FEED OFF EACH OTHER IN A BASKET FLUCTUATION IS MINIMUM. [post 1 of 2....stay tuned]
9-28-2012 Newshound/Intel Guru BGG Article: "Allawi diminish the importance of Talabani’s efforts to overcome the political crisis" Allawi being more engaged and involved in the process is not a bad thing – this is good. Essentially – he is saying to the players “implement the Erbil and all the previous agreements and you have yourself a deal” (which Maliki has openly promised as recently as 2-3 months ago in the press). He’s just adding pressure and being open about what he’ll accept. Allawi being out in the open and completely engaged (as in – not currently “running for his life”) is also another good sign for us…there could be a lot more afoot than we know.
9-28-2012 Intel Guru TerryK HEARING MORE REPORTS THAT WE ARE OUT OF CHAPTER 7, STILL DONT HAVE THE ACTUAL DOCUMENT, UST STILL IN LOCKDOWN AND THAT WE ARE ON A HOUR TO HOUR WAIT. SO THAT IN A NUTSHELL IS GREAT NEWS.
9-28-2012 Newshound Guru Doc As the saying goes "all is quiet on the eastern front". Talabini is quoted as "Iraqi President expressed his satisfaction with the near comprehensive solutions to all issues". We learn from this that issues are being addressed but not completed. Any report of Ebril, GOI seats, chapter 7, etc being a done deal is obviously premature. The good news is the snail continues to move forward yet ever so slowly. We report, you decide.
9-28-2012 Intel/Newshound Guru Poppy3 They (Iraq) before the war were third in the world in agriculture products, they have now second in oil reserves and more natural gas than any country in the world. They have more gold than any country. They are by far the richest country in the world by double any other in reserves of resources and not to mention diamonds by the truck loads. AND I HAVE INVESTED IN THEIR COUNTRY. WOW, WOW. WHAT AN OPPORTUNITY!
9-28-2012 Intel Guru Jonnywg I come today to say that there is a chance for closure on our long term venture in the near future, I will try back later with more.
9-28-2012 Intel Guru Blaino I REALLY BELIEVE THEY MAY WANT TO ACTUALLY "FLOAT" THE RATE...THAT WOULD ALLOW FOR A MORE CONTROLLED AND MANAGED RISE IN VALUE...LESS 'SHOCK TO THE SYSTEM' SO TO SPEAK...IF THERE WAS A FLOAT, THE RATE WILL BUFFER THE EXCHANGE PROCESS, GENERATE LONG TERM INTEREST IN THE CURRENCIES OF THE REGION AND GENERALLY ALLOW FOR A MORE CUSHIONED LANDING FOR THE ECONOMICS IN THE REGION.
9-28-2012 Intel Guru Blaino MY INSIDE SOURCE AFFIRMS THAT 7 IS OVER... BUT THE PUBLIC FACE OF THAT HAS YET TO BE RESOLVED AND DISPLAYED (UN SITE, PUBLICATIONS, ETC)... SO, I 'THINK' WE MAY BE SEEING APPROPRIATE GAMESMANSHIP...TO ALLOW TIME TO GET THE OTHER PARTS OF THIS IN LINE.
Read more: http://www.dinarguru.com/index.html#ixzz28X8Gddo8
9-27-2012 Intel Guru TerryK THINGS ARE STILL ON TRACK. UST STILL IN LOCKDOWN. CHINA SOURCE IS SAYING THIS IS STILL BEFORE OCT 1. LET'S SEE WHAT COMES OUT OF MEETING TOMORROW...THINK IT WILL BE GOOD.
9-27-2012 Intel Guru Hammerman all intel is wonderful...I am hearing it is a go...lets just hope...I think Saturday, Sunday is our best shot.
9-27-2012 Intel Guru Footforward They have not been removed from Chapter 7. They have requested to be removed 4 times. Why would they ask to be removed if they hadn't done everything they needed to do. Iraq has done everything they need to do. The National Conference is never really going to happen. They have 3 of the 5 leaders on board, now they need Allawi & Barazani. What will happen is the RV will just show up. Do not look for the National Conference in the public eye. We are not looking at 2013, I am still looking for it anytime within the next 2 weeks and I am still looking for double digits, multipliers of 7. The rate will be very good. The currency needs to come out strong for Iraq to say "come on in, Iraq is open for business". They won't benefit from a $.10 RV. Shabibi has never said it would come out at $.10 or $.86 or 1 to 1. Articles coming from the CBI is different than coming from Shabibi. The dong will go along with the dinar & I have been given a rate of $.05 to $.20.
9-27-2012 Intel Guru Soonerfan62 I TRULY BELIEVE WE ARE AT THE END (FINALLY) AND ALL OF YOU SHOULD BE EXCITED THAT YOU ARE INVOLVED IN THIS JOURNEY. I’VE STAYED IN CONTACT WITH ALMOST ALL PROVIDERS IN THE LAST FEW WEEKS AND EVERYONE RIGHT NOW IS MORE EXCITED THAN THEY HAVE EVER BEEN.
9-27-2012 Newshound Guru Enorrste Based on the articles it looks that something serious will happen with their economy by January. The outside date for the value of the currency to be substantial, at least a dime, 25 cents, 50 cents, getting up into the Saudi Arabian numbers [1 Saudi riyal = 0.2667 US dollars] is Jan 1st. A free float will get us there in 30, 60, maybe 90 days.
9-27-2012 Newshound Guru Kaperoni I’m gonna throw some information out there that I can’t substantiate, but one of the financial groups that was over (at the Finance conference) from the United States that will be possibly involved when they float the currency, has a platform or trading room that will be specifically dedicated to trading the Iraqi Dinar. I heard it is in a testing phase and the testing will go on for 17 days, and then it will be ready to go live. If that’s true we won’t see anything happen for 17 days. But after that IT LOOKS LIKE IT’S A GREEN LIGHT FOR THE FREE FLOAT.
9-27-2012 Intel/Newshound Guru Poppy3 Riots escalated yesterday in Bagdad but it has not deterred any of the meetings. The have a time limit agenda, we just don't know what it is. Prior to this, the least little things gave them an excuse to cancel all meetings, but now they are not backing off, not using these riots as an excuse. They are moving forward. They made a statement that they will open the 2013 budget after the deletion of the zeroes, but by 2013, so they are telling us before the 1st of the year. I think they will have it long before that. A source said dinar in Kuwait & Iraq have dried up, they have no large bills. This shows us they are lifting the 3 zero money. Also, there are people predicting rates of $.10, $.86 or even 1 to 1. I have studied this for a long time, been in this for a long time & Shabibi has never said this. There is no justification for it, no proof. He has said over $3.
9-27-2012 Newshound/Intel Guru BGG Last night there was an agreement in place between the 3 presidencies, Talabani, Maliki and Najafi, to hold a National Meeting very soon. This is huge news.
9-27-2012 Newshound Guru Adam Montana [will the UST actually cover the cash-in , not Iraq?] No, the UST isn't covering the dinar at all. Here's how it works: When the value goes up, banks will begin trading it, and you can go to the bank to cash in. The rate you receive will be based on the buy/sell margin that the banks are able to get through the CBI...if they can't sell it to Iraq or some other source, then you WILL NOT be able to cash it in. The UST isn't going to trump or override that fact...speaking of cashing in, everyone should understand how the spread works. I know some dealers say they won't charge a spread, but they are not mentioning that there is ALREADY a spread built into the exchange rate posted on the CBI, and you MAY get screwed if that is the only way they are verifying the rate!
9-27-2012 Intel Guru BOBGETZ6 [Do you know where it says that Iraq MUST have an internationally tradable currency with a rate of AT LEAST 1:1 to the dollar in order to be released from chap VII?] Per my source...Iraq has to have an internationally tradeable currency but does not have to be 1:1. The IMF has to approve the rate however and they must know that the currency rate is sustainable.
9-27-2012 Newshound Guru Med THIS IS A CRITICAL TIME IN THIS INVESTMENT, CRITICAL AND IT HAS NOTHING TO DO WITH CHAPTER VII ...CBI HAS GIVEN THE IMPRESSION THEY HAVE KNUCKLED UNDER TO PRESSURE. I DONT BELIEVE IT. SHABIBI IS JUST NOT LIKE THAT. I AM NOT SURE THAT IRAQ CAN HANG ON MUCH LONGER, DOING WHAT THEY DO. THE ONLY SAVING GRACE FOR THEM IS OIL BUT THINGS ARE NOT GETTING BETTER.
9-27-2012 Newshound Guru Historian anyone who knows the date are not going to talk about it...there are some very deep reasons on why dates come and go... We are moving very close, but it is not possible to predict a date affected by world events...they have a priority to get this done in the near future...we are just waiting on them when they decide...they've done everything they need to do. 9-26-2012 Intel Guru Blaino major update, intel and news coming down NOW...Release here in about an HOUR...I'm developing additional confirmations as we read this.
9-26-2012 Newshound Gurus Mike & L. J. We talked about the...article that they are not going to replace the currency during 2013 and that the economic situation is not right - Kurdish language being on there, etc - these two events are NOT tied together to the adding value to the currency.
9-26-2012 Newshound Guru Doc We have been of the opinion around $1 is the ceiling for the initial rate and it possibly could be lower and worked up to $1 over some time. It has been reported Shabibi is indicating something less than 50 cents and working up to $1 over 1-2 years. We must state here we have not been able to confirm this but this scenario would not surprise us. The CBI is privately owned and in business to make money. This scenario is much more economically favorable to the CBI and Iraq as a whole. This would also be more favorable to other governments who will hold the dinar in reserve in that they would benefit from the appreciation. What this does not do is dedollarize the country (which is a stated goal of Shabibi) unless there is a forced redemption of the old currency. As reported this continues to be speculation and we will see in time. We report, you decide. [post 2 of 2]
9-26-2012 Newshound Guru Doc We continue with our waiting and see status. While the news continues favorable nothing of significance has been confirmed. HCL is still looming as are the open GOI seats. Also despite rumors chapter 7 has not been lifted. The UN General Assembly which is meeting now can not lift chapter 7. Only the UNSC can do this. Statements to the contrary are from the misinformed. We are encouraged that the statements from Iraq continue positive around the key issues but we continue to look for concrete evidence that these issues are settled and executed upon. Until then we wait and see. [post 1 of 2....stay tuned]
9-26-2012 Newshound/Intel Guru BGG All the parts of Chapter 7 that need to be relieved so that Iraq can RV their currency is done, but they will never be out of Chapter 7 while they have a budding dictator in place. The news about the National Conference happening or not happening...there is a 50/50 possibility that the National Conference will not have to take place. There is a lot of optimism that Talabani will get everything taken care of away from the National Conference. I don't see us in a bad place right now, I do think solutions are on the horizon and things will get done one way or another. It could be delayed another week before any kind of solution unveils itself. Big news also is the 9th electoral commission seat is to be voted on Thursday. So, there is a lot of pressure on Maliki and on Talabani to get this thing done. We are in a great place.
9-26-2012 Intel Guru Blaino AS OF THE CURRENT TIME I HAVE NO INFORMATION TO CONFIRM OR DENY TODAYS INTEL ISSUED EARLIER::::::WE ARE EFFORTING TOWARD GETTING ADDITIONAL INFORMATION. EFFECTIVELY THEN:::NATIONAL CONFERENCE MAY WELL BE UNDERWAY::::KURDISH NEGOTIATIONS SEEM TO BE CONCLUDING AND INTERLINKED TO THE ARBIL (ERBIL) AGREEMENT:::::RV OR A RELEASE TO FLOAT FREE COULD WELL BE EN ROUTE AND APPEAR IN THE NEXT 5 DAYS...GIVE OR TAKE....MEBBY.
9-26-2012 Newshound Guru Adam Montana A revaluation of the Iraqi Dinar WILL make a difference worldwide, and it will indeed impact the global economy. Iraq won't RV because they want to help the world, but returning their currency to a higher value like it used to have will be a tremendous booster to us all. (To clarify - I mean Iraq is going to do what they want to do regardless of how it affects us. We will benefit from an RV, but that's not why they will or won't do it.)
9-26-2012 Intel Guru TerryK im hearing that the national conference has been cancled...they dont need it...and that this is going down any moment...will not go into the month of october...just got call from china source...treat as rumor.
9-25-2012 Intel Guru Bluwolf please remember that the un meetings will reach until friday. What is being discuss that i do not know as of yet. Look as i have said in the past chapter 7 was lifted in dec 2010. All that is pending to lift the envelope is the rv and all rv are made possible only in a general assembly. If iraq did what was expected to do, we shall see the blessing come forth. The rv call is still pending to be received.
9-25-2012 Newshound Guru Mailman17 THERES THAT NASTY LITTLE RUMOR THEY JUST MAY COME OUT AT 30 CENTS - SHABS WANTS THE DINAR ON PAR, WE KNOW THAT - BUT MEETING WITH THE IMF WAS THE PLAN MODIFIED? WHAT DOES IRAQ NOT NEED AT RV TIME 34 MILLION MILLIONAIRES...NOW 90% LIVE DAY TO DAY, ITS THE 10 % THEY ARE CONCERNED WITH. IF THEY DID COME OUT AT 30 CENTS...THAT FORCES EVERY SINGLE AVERAGE IRAQI TO CASH IN FOR LOWER DENOMS HAVE TO NO OTHER WAY TO BUY DAILY NEEDS. THAT TAKES THE LARGE OUT OF THE EQUATION, THEY DO NOT CARE ABOUT WHAT WE HAVE, NEVER DID. SO YES...A SUCKER RATE VERY WELL COULD BE THE THING THEY DO NOW.
9-25-2012 Intel/Newshound Guru Poppy3 Talabani staying another day or so could mean two things as I see it. He is either making great progress and feels it is more important to keep the talks proceeding or he is having more problems than expected and needs more time to get problems solved. Either way it is good...TIME WILL TELL BUT SO FAR NOTHING NEGATIVE.
9-25-2012 Intel Guru TerryK MY CHINA GUY SAID TONIGHT WOULD BE THE NIGHT...AGAIN RUMOR...AND U KNOW THEY LOADED AN ADDITIONAL 42,000 FOOD CARDS THIS PAST WEEK SO THAT WOULD MEAN THE HCL IS COMPLETE HOW ELSE CAN U LOAD CARDS FROM A OIL BACK FUND. THIS IS GOTTA BE IT...WELL, WE SHALL SEE, RIGHT.
9-25-2012 Newshound/Intel Guru BGG Article: "Allawi mediates to Moscow to visit Tehran" This is very interesting…I doubt “some Media sources” have this one right. I look for Talibani to not “leave anything in the bag” when trying to get Allawi to the table. This is the “swing vote” for this whole deal. Further, Talibani has had his heart set on a successful National Meeting since 2010.
9-25-2012 Newshound Guru Mailman17 LETS DO A LITTLE TIMELINE...THE CBI MEETS WITH THE IMF - IRAQ MEETS WITH THE WTO - THESE MEETINGS FOR INVESTMENT IN ENGLAND AND GERMANY. WE KNOW FOR A FACT THAT SHABS IS READY. WE ALSO KNOW CHAP 7 IS VERY MUCH ALIVE AND ON THE TABLE - HCL ALSO ON THE TABLE - ACTUALLY THE AMMENDED 2007 GIVING THE KURDS 17%. THE SIGNS ARE THERE THEY ARE GETTING READY. WE HAVE TO SEE WHAT HAPPENS AT THE NATIONAL CONFERENCE AND THE 2013 BUDGET IS THE TELLTALE SIGN MAYBE THE REASON FOR THE DELAY. I AM STILL VERY PUMPED AT THIS COMING THIS MONTH.
9-25-2012 Intel Guru Blaino RUNNING IT DOWN FOR THE LAST 24 HOURS::::: IMPORTANT PEOPLE ARE IN "SOME KIND OF MEETINGS" AS YOU READ THIS. SOME OF THESE MEETINGS COMMENCED ON SUNDAY (THERE) .... LAST WEEK TALIBANI TOLD MALIKI IN THE MEDIA "NATIONAL CONFERENCE NEXT WEEK!" ... WELL, THIS IS THE NEXT WEEK WE WERE WAITING FOR LAST WEEK... SO, WHAT'S GOING ON? THERE IS A KNOWN ENTITY THAT COULD BE CONSIDERED "SURPRISING" THAT IS PARTAKING IN THAT/THOSE MEETING(S) AND I WILL HAVE MORE ON THAT LATER.
9-25-2012 Intel Guru TerryK I CAN’T CONTROL WHAT THE UST DOES OR HOW LONG, U DO UNDERSTAND THAT BUT WHAT I WAS TOLD THAT THEY WILL NOT GO LONGER THAN 72 HOURS. I’M JUST A PAWN PASSING ON WHAT I’M BEING TOLD. IF I TOLD YOU EVERYTHING I GET, YOUR HEADS WOULD EXPLODE.
9-25-2012 Intel Guru Ammadan I have said many times...all info from the sources should be considered rumor. We report what our sources tell us...it is simply letting you know what we are currently hearing...So when you hear info please stay grounded until we can show you confirmation on the actual Intel that shows it has RV'ed, until then we wait.
9-25-2012 Newshound Guru Med IT WOULD BE A DISASTER FOR IRAQ TO TRY USE A FLOAT. HE IS IN A MANAGED FLOAT NOW ACTUALLY IT IS CALLED A CRAWLING PEG AND IRAQ GOT SPECIAL PERMISSION TO USE IT.
9-25-2012 Intel Guru TerryK I HAD TWO DIFFERENT CHINA GUYS TELL ME SIMULAR THINGS YESTERDAY AND A BUDDY OF MINE HAS A CHINA SOURCE AND SAID THE SAME THING SO IT HAS LEGS. THINGS CHANGE I DONT KNOW WHAT CHANGED BUT THIS CAT WAS REALLY EXCITED WHEN HE CALLED ME. SOME OTHER THINGS I CANT DISCUSS THAT I KNOW ARE TRUE AND GOING ON. SO YES, WE ARE THERE BUT HEY ITS AN INVESTMENT. TUESDAY NIGHTS ARE THE BEST NIGHTS FOR DATE TRANSFER AND BANKS SYNC ALWAYS HAS BEEN. 9-24-2012 Intel Guru TerryK china source just called, said this is going down at 330 am, pulling trigger...i guess it is.
9-24-2012 Intel Guru TerryK UST IS STILL IN LOCKDOWN. I HEAR AS OF 2 PM IT WAS AN ADDITIONAL 24 HOURS BUT I’M HEARING FROM A SOURCE IT MAY GO DOWN TONIGHT SINCE KUWAIT IS TRYING TO LET IRAQ OUT OF CHAPT 7.
9-24-2012 Newshound Guru Bondlady Since Iraq was home to about 10 percent of global oil reserves, it intends to promote oil production to 12 million bpd by 2017, there is no doubt that such a target is very ambitious, and that if possible, Iraq could become a rival to Saudi Arabic Queen as the largest producer of oil in the world today...its ambitious alright but so are they, once they quit fighting an agree, they will be unstoppable an i trully think they can achieve that oil rate growth but they have to pass the hcl...an they will, its almost done deal now lol i think. the london conference...had nothing to do with a rv per say...but had every thing to do with what had to happen to bring on a rv...it was iraqs commin out party to the world and it was a open invitation to the world to cmon down an partake in Iraq.
9-24-2012 Newshound/Intel Guru BGG We need to see Najafi, Allawi and Barzani get on board with the National Meeting & show some will to get it done. An article came out saying Najafi is meeting with Talabani right now or earlier today. The second meeting will be Tuesday, Talabani will meet with Allawi. Talabani has to get Allawi on board. Barzani is going to be fairly easy to get on board, he is not as critical. Allawi is the issue. It's all good news.
9-24-2012 Newshound Guru Vic1 No Meeting yet! Talibani might not even need a MEETING! However Najafi and Parliament will see Maliki tomorrow! IMHO, Talabani will PARDON Al-HESHEMI and have him come home with ALLAWI and BARZANI! THE UN IS HAVING MEETINGS ALL WEEK! LET'S SEE WHAT SHAKES OUT!
9-24-2012 Intel/Newshound Guru Poppy3 Iraq and Kuwait representatives are at the UN. They are meeting about the final process to get them out of Chapter 7. This is huge. They are making preparations & I don't think they would be there if they weren't fixing on doing it. After it RV's they must become a full member of the WTO. There could be about a 10 wait afterwards because once it is finalized they must be released from Chapter 7. I don't think they will let us cash in until it is a legal, tradable currency, worldwide, which is being a part of the WTO. A source that was in Iraq went to several banks and said there was no more dinar in the banks or on the streets in the ME, that's a good sign. Also was told new denoms would be available in the next couple of weeks, another good sign. There are still riots going on, but they are still going forward, still pushing for the National Conference. Whenever it happens we are going to winners in this thing!
9-24-2012 Intel Guru TerryK got some news about an hour ago...ust still in lockdown...has been extended another 24 hours max...im also hearing that this will not go into october...with chapt 7 to be done today and the big push...im hearing from a few, tonight is the bingo party and tomorrow would be the landing of the blessing...so we shall see.
9-24-2012 Newshound Guru Administrator Bob The week begins with the focus on President Talabani and political reconciliation leading to a National Conference. Parliament continues to review and read various laws as Iraq crawls toward a free market economy.
9-24-2012 Intel Guru Bluwolf lifting of sanctions, chapters,or revaluations approvals or vis-a-versa have to be mention and approve only in a National Full Assemblely in the UN. And this is in progress as we speak and it shall be all week long. Our president shall be at the UN... protocol states that he will meet both in private and speaking on the floor, if anything with relation to the national release of the dinar is to occur, now is the time for it to rise into the equation.
9-24-2012 Newshound Guru Mike We talked about the approval from Kuwait to remove Iraq from Chapter 7 - they have been given it for years - they are ready to go - it is pretty much tied to the formation of their government - once this is in place they will be able to remove the final chapter of their sanctions which is Chapter 7 and and they will be ready to go - makes no sense to remove it before the formation of their government at this particular point in time because the UN has no recourse if something goes wrong...
9-24-2012 Newshound Guru Med [Do you still think the rate may come out low?] YES...I AM AFRAID I DO...UP UNTIL I GOT THE LATEST INFO I TRULY THOUGHT IT WAS ONE TO ONE FOR SURE. COMMENTS LAST WEEK THAT CBI PLANNED TO TAKE ONE TO TWO YEARS TO BRING THE DINAR TO ONE TO ONE WITH THE USD AND THE FACT ALSO THAT THIS WILL MOST LIKELY END UP IN A BASKET OF CURRENCIES. I THINK THAT THIS BASKET WILL PUT THEM EQUIVALENT TO THE SAUDI RIYAL. NOW IF TOMORROW THEY POSTED THEY WERE PUMPING OUT 6 MILLION BARRELS PER DAY I WOULD SAY ONE TO ONE. 9-23-2012 Intel Guru Bear5642 We are all hearing everything is done and they just need to push the button. No one knows exactly when it will happen, however, Iraq has been diligent in positioning themselves to actually support an RV. I personally do not see the rate coming out under $3.00.
9-23-2012 Intel Guru Hammerman Info from all segments of intel is that everything is 100% complete. On Friday, from 3 different bankers, I saw documents that banks got saying currencies will be revaluing in soon. The bankers are pumped up. We do need the announcement of the National Conference. I really do think this will go down this week. I believe all ministers are seated, they just have to be announced. It has to be posted in the gazette for 24 hours, it is in their constitution and then they can revalue sometime after 24 hours. Maliki was at the UN for about 37 - 45 minutes. Chapter 7 is done. I have heard nothing about it being a float. I think it will be about $3 but heard it could be as low as $.50, but I don't believe it. I was told that the dong would not be any lower than $.33, I still think in the high teens. I think there is a good chance for the RV from the 26th - 1st. I think we are at the brink of this.
9-23-2012 Newshound/Intel Guru BGG Article: "Iraq: Allawi will attend the national meeting unless implemented paper Arbil" Ultimately, he is saying he will only participate in the National Meeting if the Erbil agreement is adhered to and implemented.
9-23-2012 Newshound Guru Adam Montana [when the RV happen it is most likely to start out low, do you think that it will put a time on the higher dinars like the 5k and up to cash in after that it will become worthless to force us to cash them in.] In my opinion, YES we will have a time frame to cash in higher notes. I think it will be at least 90 days, no more than a year.
9-23-2012 Newshound Guru Mike what we are waiting on next [is] to see the date of the National Meeting and see if we can get the rest of these reforms passed ...biggest hump in the road for the National Meeting is going to be Allawi and his power sharing and seeing where that goes...I think what you have here is Maliki attempting to back door him and bust up the coalition by dealing with the 140 - great for us - we will take it - We will take it but eventually he is going to have to deal with Allawi...Eventually he is going to have to give up a chunk of his power and that is when he is going to be eventually done and eventually he will drop out of the politics of Iraq.
9-23-2012 Newshound/Intel Guru BGG Article: "Ani: Talabani intends to bend the Allawi and Barzani County National Meeting and working to bring them in a joint meeting with al-Maliki" These three characters getting together will be of critical importance in the very near future. If Maliki doesn’t get to the table and engage, it is highly likely he will face grave circumstances soon.
9-23-2012 Intel Guru TerryK STILL HAVE NO NEW NEWS. IM SO EXCITED, I KNOW WE ARE THERE...AS SOON AS I GET THE CALL U WILL KNOW.
9-23-2012 Intel Guru Freeway Bill The RV, in my humble opinion, based on what I feel is very good sources of information is upon us. Will it happen tonight? I don't think so but I don't think we will leave 2012 without seeing our blessing. I am not "giving myself a big window" at all. I honestly feel that we COULD see it this coming week, but I am not confident enough to jet off to Reno in anticipation.
9-23-2012 Newshound/Intel Guru BGG Look for the National Meeting sometime Sunday, Monday, Tuesday. If Maliki tries to stir things up at this meeting, look for him to be removed. I do think we are relatively close, closer than we have ever been.
9-23-2012 Intel Guru Hammerman no change so far...big proof of the new UST notes but not going into that yet...saw with my own eyes from bankers emails and letters from UST stating high alert for RV of countries in the next few days.
Read more: http://www.dinarguru.com/index.html#ixzz27ruMjjoL
9-22-2012 Intel Guru Okie_Oil_Man I AM PRESENTLY VERIFYING AND CONFIRMING INFORMATION FURNISHED ME TODAY. THINGS ARE PROGRESSING ALTHO NOT AS FAST AS WE WANT. I FEEL THE END IS NEAR AND THE RATE IS STILL BEING SETTLED AT THIS TIME. A FLOAT IS A REALISTIC SCENARIO TO PURSUE WHEN DETERMINATION IS IN QUESTION ON THE TRUE VALUE OF A CURRENCY. JUST RECEIVED THE CONFIRMATION I HAVE BEEN WAITING ON FROM THE SAND-BOX--MAKE YOUR PREPARATIONS AS I WAS TOLD TO DO. LET'S SEE HOW THIS PLAY'S OUT. I AM NOT CALLING IT--I AM ONLY SHAREING WHAT WAS GIVEN TO ME--USE YOUR OWN ASSCESMENT TO THIS POST.
9-22-2012 Intel Guru Blaino there are substantial indications that the national conference... Will actually happen at last next WEEK....Perhaps late in the WEEK....Wed thru thursday....or even (gasp) FRIDAY. we are informed some time back that the completion of that 'meeting' will commence a 24 hour window for "something" to happen with the currency. Will that something be the "free float" we heard recently Or a more traditional "RV". That remains to be seen. i do hear from the panda express (in several iterations) that completion is "imminent". MEBBY...Just MEBBY...We'll see something soon!
9-22-2012 Newshound/Intel Guru Randy Koonce When you see the National Conference take place, get excited. I am hoping to see the National Conference next week. They have started announcing the conference in the paper, this is a very good sign. We should start seeing date for it by tomorrow. From what we understand, eveybody is happy. I believe that once we see the National Conference there is no turning back. They will announce the ministers and the Strategic Council. When it goes into the gazette, that's your green light, then Shabibi can do what he needs to do. Four to Five days after the conference we should see the RV. The rate is going to be $3.41 to make the budget. Did they pass the budget...Yes! It's not going to move, not going to float. Iraq itself is trying to get things done, this is a good sign. It's not a matter of if, it's a matter of when!
9-22-2012 Intel Guru Hammerman ALL IS GREAT...UST IS IN LOCK DOWN MODE STARTED AT 11:30 CST. WORD IS COULD RV AT ANY TIME...NOT SURE WHAT TO THINK...JUST GOT THIS...MADAM WU SIGNED PAPERS...SHABIBI UNDER GREAT PRESSURE BY CONTRACTORS...SHABIBI SAYS HAS TO GO DOWN BY TUESDAY.
9-22-2012 Newshound Guru Mike We took a big look at Article 140...Maliki let go of the funds to pay the oil companies which were disputed for the Kurdistan region - this was huge lift to the Kurds...they still have the disputed regions and a few other things that need to get done but we talked about the Parliamentary Committee taking up and hearings on the 140 so they can get this passed next week - that is the closest we have ever been and they are actually talking about it and really going forward.
9-22-2012 Newshound Guru Adam Montana [Do you think that Iraq needs a current census taken before the HCL can go into effect?] We know that we can count on the value of the dinar being exactly what they say it is - 1166, right? We know we can count on them to maintain the value of the Dinar, control inflation, and keep their money in check. The SAME THING goes for the census issue. If they were to RV to a very high rate, like $3 - they would need EXACT numbers and a very sophisticated system to maintain that value. But RVing to anything lower, like in the .10 to $1 range, gives them more flexibility and room for error. My point is that they may not have an exact census, but they are in control of their economy and I would ascertain that they have SUFFICIENT information to make this, and the HCL, work.
9-22-2012 Newshound/Intel Guru BGG Article: "Deputy for Iraq: the security ministries will be resolved over the weekend after the return of Talibani" If the Ministers are, in fact, sorted out “over the weekend” – that would be Sat/Sun (today/tomorrow)…this thing is headed towards an imminent conclusion. The Ministers are a very big piece of the puzzle. If...
9-22-2012 Newshound Guru Mike Chamber of commerce [is] urging the Jordanian people to get involved, as well as Americans to get involved with Iraq because they feel there is going to be a boom in Iraq...
9-21-2012 Newshound Guru Kaperoni [Referencing 16 "Seminar delete the zeros" videos] This is very encouraging news combined with "soon" and gives hope to being very close. Also, I found it interesting he mentions "floats among the global currencies" which seems to once again imply the dinar may very well come out on a "free float".
9-21-2012 Newshound Guru Doc The issues at hand continue as reported for some time now. We are extremely encouraged by statements from Parliament which are quoted as "the issues of the oil and gas law will be resolved by end of this session." Statements around the other issues like chapter 7 and the empty GOI positions are also extremely positive. We continue with our 4th quarter timing assuming these issues are truly resolved. We hesitate to be the wet blanket but have to remind all this is all based on Iraq actually doing what they say they are going to do. As we all have learned they are far from creditable when it comes to doing what they say they will do. We report, you decide. [post 2 of 2]
9-21-2012 Newshound Guru Mike the Parliamentary Committee of the Legal Committee CONFIRMED that the deletion of the zeroes is constitutional - that there is nothing more required for the CBI to do. They have done what they need to do and they can move forward constitutionally with their project...they had a lot of different things going on with what was happening with this project of deleting the zeroes and dealing with the currency...and you had the Parliamentary Committee trying to bring Shabibi in talk to him about it - so he went to the legal committee and said this is legal and they confirmed that it is.
9-21-2012 Intel Guru TerryK I GOT NEWS BUT I CANT TELL, GAG ORDER. BUT TRUST, ITS GREAT. WE ARE SO CLOSE. TRUST ME IS COMING AND IM THINKING CASH IN (RUMOR) TUEDAY.
9-21-2012 Newshound Guru Doc The economic summit came and went without much fanfare. Most have heard by now the currency was not discussed at least in the public realm. This should not be a shock in that there is no way this type of event would be paraded and negotiated in public view. If there were any "deals" to be made they were done behind closed doors. Our opinion was the best we could hope for was an announcement of the RV but cautioned all this was still premature due to lack of closure on Ebril, GOI seating, etc.. Most of the summit was a show case for Iraq to attempt to show investors the progress they have made and direction for the future. In fact much discussion centered around getting the banking system fully secure and trusted by the citizens. While much progress has been made Iraq stated it would be 2-5 years before it was fully matured and trusted by the people. [post 1 of 2....stay tuned]
9-21-2012 Newshound Guru Adam Montana here's how I look at it. At the end of the day, I strongly believe that the currency, stocks, and savings I hold in Iraqi Dinar WILL go up. How much, when, etc? I don't know. I know things are set up very nicely right now and I have personally witnessed Iraq make LEAPS and BOUNDS towards a more stable country, controlled economy, and strong government. So, at this time - I'm prepared for anything. I do NOT think I am going to lose money on my investment, and I am willing to watch.
9-21-2012 Newshound Guru Mike the inflation rate...14% for August - which brings their annual inflation rate to somewhere about 5-6% -they are happy with that - they have their inflation rate under control - housing is going up - salaries are coming down they are right where they need to be with the inflation - I don't think you are going to see it go too far from there.
9-21-2012 Intel Gurus SteveI and Ray The coins will be distributed along with the currency after the rv is made public. Saleh made the annoucement on the 15th explaining that the replacement currency had to be printed first before they would announce another rv date. He said in maybe 2 to 3 weeks...From the time they started printing. The printing has started already...and according to article, they wanted to accererate it. IMO and what I am hearing...The rv can be done right after the currency is reprinted. It was supposed to rv Sep 1 but was held up due to the Kurds. We are headed in the right direction. [post 2 of 2]
9-21-2012 Intel Gurus SteveI and Ray What Ray and I share comes from actual contacts in Iraq. Talabani will be announcing [the national convention] in about two days. There was an agreement between Iraq and Kurdistan about paying the oil companies in Kurdistan by Iraq. That was a huge agreement. What is huge is the SFA [Strategic Framework Agreement] signed....several days ago. [post 1 of 2....stay tuned]
9-21-2012 Newshound Guru Enorrste I was hopeful to see some sort of announcement out of the conference, but I can see there are several important laws that banks & investors are looking to be passed prior to them sticking their feet in the water. I wouldn't be surprised if Shabibi headed home & ran to Parliament & said we need to get these laws passed or they are not going to invest their funds. Laws need to be passed, add to that working licences for private banks needs to be eliminated, probably this is another law & corruption is key. It's unfortunate...but everything is not perfect in Iraq & there are some thing that need to be taken care of to get investors to come to Iraq. Now, this isn't saying these thing have to be done to go to a free float, they probably could go to a free float knowing these thing were going to be done rather quickly.
9-21-2012 Newshound Guru Kaperoni I received an email from someone that attended the conference [London]. They said that there was moderate attendance. There was little mention of the strength of the dinar. They were told that they would not talk about their currency when the conference started. There was much talk about security. Everybody here is hoping for a revaluation. The articles have thoroughly supported a revaluation at a rate of 1 to 1. We believe that something is going to happen in the near future, so let's let all that play out. 9-20-2012 Intel Guru Hammerman Maliki and others playing very nice...looking for announcements on Iraq tv...bankers are very hyped up...strong, strong intel saying national meeting announcement within 10 [days?], if this happens it is huge...the ust did software updates yesterday...I was told they tried to run with rv but had issue with new software...almost all sources were looking for the rv last nite or today...imo, i think we are 4 to 10 days away but the target just keeps moving.
9-20-2012 Intel Guru Footforward There are things going on that don't add up unless you are going to RV right away. You wouldn't have Maliki coming back asking for removal from Chapter 7 if they still had all these things that needed to be done to be removed from Chapter 7. You wouldn't have people at a Financial Conference in London talking about Iraq's current situation if there weren't an intent to RV in the near future. They are moving ahead like they are expecting it anytime. The National Conference, I still maintain that they will come out and say we were in the National Conference & say that they have all these agreements & we have an RV. Everything will be on the table at that point and they will publicly announce everything. I am still expecting something in September. The rate is going to be so good, not $1 or $.10 or $.86. It's going to be high and it is not going to be a float. We have what is going to be the strongest currency in the world.
9-20-2012 Newshound Guru SWFloridaGuy I do believe a deal (political reform) is in the works. There is no magic "RV meeting" but when we see general progress that we can collectively process, it's always a good sign that things are moving in the right direction. The CBI, Finance Committee, United Nations and CoM have all said that reform (power sharing, HCL, ministers, Strategic Council, Article 140 etc), that supports stability is necessary to move forward both economically and politically. Maliki could certainly throw a wrench in the process as he's done many times in the past but of course we hope that's not going to be the case for once. I believe that a successful National Meeting, where all blocs are in attendance, would be the perfect platform to make public announcements of progress in these areas.
9-20-2012 Newshound Guru Med HE [SHABIBI] SAID HIS GOAL WAS 1 TO 1. I DONT THINK THEY ARE CAPABLE OF HOLDING THE DINAR AT 1 TO 1 OUT THE GATE AND I DO NOT BELIEVE THAT A BASKET OF CURRENCIES WILL ALLOW FOR THEM TO HOLD THAT TO START. REMEMBER NEVER HAVE THEY BEEN INTERNATIONAL AND THE HOLDING OF THE RATE WILL NOT BE THE FOREIGN CURRENCY ASSETS. STILL IT HAS TO BE ACCEPTED AS PAYMENT AND MANY WILL BE LEARY. I DONT THINK IRAQ WILL BE ALLOWED TOO MUCH CREDIT. SINCE THEY ARE NOTORIOUS FOR NOT PAYING DEBTS.
9-20-2012 Newshound/Intel Guru BGG The only thing that would make things more interesting is if we had a National Conference & an RV. More than likely it will not be a free floating currency. Talabani is in the Kurdistan Region. Jafari went there today and everyone that wasn't at the meeting yesterday went there today. Everyone is making their way up there to meet with Talabani. The huge news today is the HCL law will be agreed to very soon. It looks very, very promising. The political side of this is moving very fast. After all the political part is handled, the financial part will come very very quickly. Between now and this coming Sunday we could here about Talabani announcing a National Conference for late next week.
9-20-2012 Intel/Newshound Guru Poppy3 I got a call from Iraq at 4:30 this morning saying that Talabani would have a National Conference sometime next week. All of these issues, the HCL, Article 140, etc. that we have been trying to get conclusion on for years will be completed before the National Conference. The National Conference will be a announcement day for all of these things and they will be ready to implement them. We are right on track, all issues are on track being agreed upon and he said he doesn't think there would be problems this time, everything should fall in place and we should see the National Conference. Timing is dependent on them getting these agreements done. The more confirmations we get makes it better for us. I am enthusiastic about the prospects we have.
9-20-2012 Newshound Guru Adam Montana I think the [London Finance] Conference was a great place for some big-wigs to shake hands...but the deals and agreements that need to be made to proceed with something as massive as an RV of the Iraqi Dinar is NOT something to discuss at an open table. It would have been a great place to ANNOUNCE it, but that didn't happen, so I'm not going to read too much into who was there or what could have happened.
9-20-2012 Newshound Guru SWFloridaGuy They could never come out and say they are going to revalue their currency. The CBI simply stating a redenomination should be exactly what we expect. If Iraq was planning a straight redenomination with no significant rate increase they would have never spent this much time studying the long term effects, in-country (and out) security issues, counterfeiting, effects of dedollarization and how to institute a market-based economy where they are respected as a borrow in the eyes of global capital markets. I have no doubt that we will profit from this, my doubts lie with the timing and the profit margin. All we can do is have some faith and hope for the best.
9-20-2012 Intel Guru Frank26 We will talk about the Financial Conference in London. It's a financial conference, but they couldn't talk about the currency, isn't that ironic. They talked about how to improve Iraq's economy, how to modernize the banking systems, and about building trust not only with the international community but within their own community. They told the financial institutions attending, we have reformed, we have made progress, we have our act together. They talked about how to make money with the investors & said everything they were asking of the investors would help build their infrastructure. The deputy prime minister painted a vision of how they will grow and promised that their money would be secure. He told them that they needed their help. Shabibi did not speak on the first day. They did everything possible to let them know that they are ready.
9-20-2012 Newshound/Intel Guru BGG Article: "Talabani told al-Maliki: National Meeting end of next week" Sounds a lot like Talibani is pointing towards the end of this coming week for the National Meeting. Be on the look out for an announcement. I truly think they have something to pressure Maliki into doing the right thing. If he doesn’t – he’s gonesville. IMHO. 9-19-2012 Newshound Guru Adam Montana I think the [London Finance] Conference was a great place for some big-wigs to shake hands...but the deals and agreements that need to be made to proceed with something as massive as an RV of the Iraqi Dinar is NOT something to discuss at an open table. It would have been a great place to ANNOUNCE it, but that didn't happen, so I'm not going to read too much into who was there or what could have happened.
9-19-2012 Newshound/Intel Guru BGG Talabani, Maliki and Najafi were in the Kurdistan region today. They are in the meeting right now. The heads up will be the politics are all taken care of. Be watching for a National Conference being announced very soon. This is all laying out perfectly. With the exception of an RV...it is about as good as it gets. Will bring updates as soon as we get more info.
9-19-2012 Intel Guru Blaino There are 3 ways the currency can be controlled: 1. It can be full floating which means there will absolutely be no restrictions. It will start where it is right now at 1162. 2. Pegged to a single currency. It is now pegged to the U.S. dollar - 1162 to 1. 3. Peg it to a basket of currencies. This is the one everyone wants. I just don't think that is what is going to happen. If they do a float, that's the end of the LOP theory.
9-19-2012 Newshound Guru Adam Montana [Do you think that Iraq needs a current census taken before the HCL can go into effect?] We know that we can count on the value of the dinar being exactly what they say it is - 1166, right? We know we can count on them to maintain the value of the Dinar, control inflation, and keep their money in check. The SAME THING goes for the census issue. If they were to RV to a very high rate, like $3 - they would need EXACT numbers and a very sophisticated system to maintain that value. But RVing to anything lower, like in the .10 to $1 range, gives them more flexibility and room for error. My point is that they may not have an exact census, but they are in control of their economy and I would ascertain that they have SUFFICIENT information to make this, and the HCL, work.
9-19-2012 Intel Guru Okie_Oil_Man [via Ghost] THERE ARE AN OVERWHELMING AMOUNT OF GOOD NEWS POURING IN TODAY--LET'S SEE IF IT PLAYS OUT LIKE I AM TOLD IT WILL--WILL KEEP YOU INFORMED--KEEP THE PRAYERS GOING AS THIS JUST MAY BE THE TIME OUR PRAYERS ARE ANSWERED.
9-19-2012 Newshound Guru Adam Montana last week I was a bit annoyed with the situation in Libya. When something like that happens, you never know what's going to happen. It looks like things didn't exactly blow over, but they have not escalated, so I say we are right back on track...it has simmered down enough to move forward. Iraq needs to move forward with a higher valued currency, and they will - despite the noise in Libya, Iran, etc. If they are in the middle of a major WAR - of course it's not going to RV. But in a situation like now - they can do it.
9-19-2012 Newshound/Intel Guru BGG Article: "Three presidencies held a meeting to discuss the political situation in Iraq" This agenda is just crazy!! They are telling us what they are going to talk about…Article 140 (the Kurdish issue), the NCSP Policy Board (Allawi’s part of the Erbil agreement), the seating of the final two ministers (Defense and Interior – the actual power sharing part of the Erbil agreement), the HCL law (how everyone gets paid) and finally having a National Conference. Holy smokes – that’s the whole story right there!! WOW!!!
9-19-2012 Intel Guru Blaino Maliki will not be coming to the U.S. There are 2 ministers that were chosen & are coming to talk to the UN. The London Conference is up and rolling. I'm looking for them to unlock the dinar tomorrow [Wednesday]. It's a possibility that these people in London right now are very likely making assurances to their guests to let them know that this is their intent. The deal is signed, it is inked. I know a lot more about it, but I can't disclose it for complicated reasons. There's a lot of detail that will come to light down the road. It's all good. More & more things are starting to happen very fast. I think we are going to see this thing start moving. I don't think we are in the theory world anymore, we are in the been done world & now we are looking for the release. We are in a great place.
9-19-2012 Intel Guru BWM two contacts in Iraq today stated that there was an "influx" of ppl [people] (particularly professionals) making the move from other countries into Baghdad and the region...when there is such a "distressed" period and so much violence why would ppl leave lives they had established to come back to the area. Also with M [Maliki] not in NY apparently but instead in Iraq there is discussions about meetings being possible. IMO as I "believe" that Iraq has really nothing left to accomplish I also "believe" they will be shown some bit of gratitude and allowed to "present" the first traces of the RV internationally... key on the international part. my biggest thought process is what combination of Shabibi, M [Maliki] , and T [Talabani] all need to be "in country" to show their ppl.
9-19-2012 Intel Guru Footforward Also, this thing about a currency float. There are groups that believe that Iraq will just RV, snap your fingers and you have a new high rate, it's all over & done with in seconds. Others believe in an RI which is basically reinstates the old rate of $3.22, or $3.86 with 20% added for inflation. Then there are people that think it will be a float, where it will come out low, $.05 or $.10 & then they will let the market drive it up. I don't know why anyone thinks this is plausible. There is no chance. The rate that comes out is going to be controlled. It's not going to come out @ $.10 & then float up. Also, they need to open one of their budgets. All of the budgets that have come out in the last several years are well above $1. [post 2 of 2]
9-19-2012 Intel Guru Footforward They had a conference last year similar to the London Conference & 90% of the guest list didn't show up because Iraq had not RV'ed. A lot of dealers, investors and big money people are in London & without an RV & yet they have convinced them to come, so this is interesting. There is a lot of international pressure on Iraq. There's all kinds of proof out there that the ministers positions have been filled & the HCL & Erbil is done. Talabini is back, but he is not the trigger. They want to RV, they have to RV and it will be at a good rate. From and Iraqi standpoint it helps nothing & accomplishes nothing to have it RV at $.35 and then float up. I think the rate is going to be high & I don't expect it to float. I am still looking for it right away. [post 1 of 2....stay tuned]
9-18-2012 Newshound/Intel Guru BGG Talabani is back, came in on a private jet, no fanfare. Talabani, Maliki and Najafi are to meet in Kurdistan tomorrow prior to a National Meeting and possibly call for the National Meeting sometime next week. This is what I think will happen, they will have the National Meeting and settle everything then they will RV pretty quick. I had a call from a big info group that said on the agenda is Supreme Council policies with Alawi, the resolution of the Security Ministries, Article 140 and the oil & gas law. I was totally stunned, look for that to come out in the news. It's breathtaking that they will be talking about these things. Maliki is going into hostel territory. IMO, if he plays ball, we are in good shape, but if he doesn't, they are already talking about his replacement. If the politics get handled first, everything else comes after.
9-18-2012 Intel/Newshound Guru Poppy3 [via BGG] Sources are saying that the dong will not happen until after the dinar RV. No lop, that's just not going to happen. Dr. Shabibi said plainly a number of times that the Iraqi currency will be the highest currency in the Middle East.
9-18-2012 Intel Guru TerryK I GOT THIS CHINA SOURCE...HAVE NOT HEARD FROM THEM IN MONTHS, SO THIS GUY TELLS ME THE WORD ON THE STREET IS WEDNESDAY NIGHT IS OUR NIGHT. WE SHALL SEE...TREAT IT AS A RUMOR BUT A GOOD ONE. THESE ARE THE DATES WE WERE TOLD LAST MONTH.
9-18-2012 Intel Guru Blaino STANDBY FOR NEWS AND INFORMATION! HELLO EVERYONE..."STUFF" COMING DOWN. PANDA EXPRESS COMMUNICATES AGAIN. THEY SAY THINGS "SHOULD" KICKOFF ON THURSDAY...WE WILL ALL BE WATCHING...WORKING HARD TO CONFIRM.
9-18-2012 Newshound Guru Doc We continue to have to remember that this is not about us and the CBI is in business to make money. It does so by buying/selling dinar. A lower rate also allows other governments to "collect" dinar and hold in reserve at a much lower rate. These governments would then benefit from the future appreciation. If you don't believe your government would do this to you then we have beach front property in Kansas ready to sell to you. With this said we would not be surprised to see the initial rate below $1. We also contend we would have around 2 years to hold the old currency. Given this scenario the question is do you cash in immediately or do you hold on. We report, you decide [post 3 of 3]
9-18-2012 Newshound Guru Doc We find it incredibly interesting that the news is beginning to indicate a "free" float for the new currency. It is also indicating that the initial rate could be somewhat less than 1 to 1. While we find this interesting we need to point out this has not been stated by anyone in the CBI so we consider it as speculation to this point. What we find as interesting is this does fit the model we have been postulating for several years now. A lower rate with appreciation toward $1 over time allows Iraq and the CBI a much more favorable economic position. [post 2 of 3....stay tuned]
9-18-2012 Newshound Guru Doc As predicted we enter the economic summit in London without the RV in place. This was easy to predict since Iraq has not put into place those key items to trigger currency reform. However, the news out of Iraq continues to be very positive concerning those items Shabibi has repeatedly said he needed to see before currency reform. The seating of a Defense Minister and passage of HCl appear to be very close. This would go a long way to a fully seat stable GOI and the "business" of oil being resolved. As we cautioned previously we have been "close" in the past according to the media only to be disappointed in reality. We are continuing to watch for concrete factual proof these items are not only in place but being executed by the GOI. [post 1 of 3....stay tuned]
9-18-2012 Intel Guru Hammerman WELL, SHABIBI IS IN LONDON AND SOME OTHERS (MALIKI) ARE HERE IN THE USA, TALABANI IS BACK AND WELL PLACED. I BELIEVE LAST MINISTER WILL BE OUT PUBLIC TODAY. HEARING THEY MAY FINALLY PUT NATIONAL MEETING OUT TO PUBLIC EVEN THOUGH ITS BEEN DONE. A lot of tier movement in a positive manor...still hearing nothing of a floating rate, imo, it won’t be. VND looking even hotter..new intel says it will go [with] the dinar and could be over 60 cents, key words - could be. There are major floods in Asia and they need this RV now and China is pushing harder than ever. I can’t find any negative out there once again...it really looks good for this month, all we can do is wait. This all great great intel coming in...let’s hope it is all true...we are at the end.
9-18-2012 Newshound Guru Med WE SAW JUST LAST WEEK HOW ALL WAS GOING FORWARD AND I THINK I AM RIGHT THAT THIS WILL NOT COME OUT OF THE GATE AT ONE TO ONE. SHABS GOAL IS TO GET ONE TO ONE BUT IT APPEARS THEY THINK IT WILL TAKE UP TO 2 YRS. SO WE WILL BE LOOKING AT SOMETHING UNDER .50 CENTS TO BEGIN WITH. BUT YOU DONT HAVE TO CASH IN, YOU CAN HOLD IT. THAT IS MY TAKE AND MY OPINION.
9-18-2012 Newshound Guru Mailman17 THEY HAVE BEEN IMPOVERISHED FOR 30 PLUS YEARS, ANY RATE OVER A DIME TO THEM IS A GODSEND. THEN, LIKE THE GCC SUGGESTED AND MOST LIKELY THESE LARGE BILLS WILL ALREADY BE TURNED IN THEY CAN FLOAT AND REAL QUICK...UP TO A BUCK AND REMAIN STABLE ALONGSIDE THE REST OF THE GCC GIVE OR TAKE A PENNY HERE. THEN DOWN THE ROAD LIKE THEY HAVE ALREADY STATED... LET THE MARKET TAKE OVER AND DRIVE THEM TO 3 OR BETER ALONGSIDE KUWAIT. BY THAT TIME THEY SHOULD BE STABLE ENOUGH TO MAINTAIN IT AND LORD KNOWS THEY HAVE THE RESOURCES...THATS MY TAKE ON IT... STAY FOCUSED...WE TRULY ARE ALMOST THERE. [post 2 of 2]
9-18-2012 Newshound Guru Mailman17 AS FAR AS THEM COMING OUT AT 10, 20 OR 30 CENTS, WE KNOW SHABS AND THE GOI DO NOT NEED MILLIONAIRES WALKING THE STREETS, ESPECIALLY 30 MILLION OF THEM. BUT I FEEL THEY COULD BE COMFORTABLE WITH PEOPLE HAVING ENOUGH TO AT LEAST START A BUSINESS OR HAVE A DECENT BANK ACCOUNT. THATS WHAT 10 CENTS OR A LITTLE BETTER WOULD ACCOMPLISH AND WITH THAT RATE MOST WOULD HAVE TO TURN IN THE 3 ZEROED NOTES, DEFINITELY THE 5, 10 AND 25 THOUSAND AS THEY PROVE USELESS. [post 1 of 2....stay tuned]
9-18-2012 Newshound/Intel Guru BGG Article: "PUK [Patriotic Union of Kurdistan]: Talabani, Maliki meets tomorrow in Sulaymaniyah" I guess Maliki put off his trip to the UN meetings in NY. I can’t blame him. I would be a little worried if I were him too – him leaving and Talibani coming back. Whatever they do while he was out could not be good for him.
9-18-2012 Intel Guru Hammerman I can't find from any of my contacts where this will be a free float. I heard this will be abstract, abnormal, not like any other revaluation you have ever seen. People will control it under their rules and guidelines. The rate I was told will be $3.00 to $5.00, it dropped a little, closer to $3.77 is what I was told. UST & IMF people are telling me $9.77, after the meeting in London. Federal judges have confirmed in the $9 range, I believe this is planted info, to throw us off. I have been told that the rate is showing live and tradable at $3.77 in some ME countries for 3 days, this is unconfirmed at this time. Most of the people that I have talked to with intel say we won't get out of the month without an RV, 80% of these people say we won't get to next Monday without an RV. Still hearing the VD will be $.23 to $.35. Everything is sounding very positive. [post 2 of 2]
9-18-2012 Intel Guru Hammerman Everything is looking really, really good in dinar land. The London meeting kicked off today and will get rolling on the 19th. There were major movements in banks around the world. Best I can see Talabani came back on Sunday morning and looks like the Defense Minister is picked...it's rumor that all this took place. Saturday night they tried to push the RV through but some countries did not have enough gold, if this was to go to asset backed, I say if because this is still rumor about going to asset backed. I have 8 solid confirmations that they tried to push this through twice on Sunday. They had some serious technical issues in some countries, one was the USA. I think we really have a chance of an RV on the 19th or 20th if they can get some of these technical issues taken care of. Heard that was planned and plotted because they really don't intend to do it until after the London meeting. I only repeat what I have been told. [post 1 of 2....stay tuned]
9-18-2012 Intel Guru BWM ppl [people] are looking at the next couple of days for things to happen...something to consider timing-wise...just something to think about...if Maliki is in New York, and Shabibi is in london and Talabini is back in Iraq...what combination of "those" need to be in iraq when this happens...I don't believe that Iraq needs to "do" anything but I do feel like there will be a certain combination of leadership that wants to be there when it happens in their country...logically you'd think that at least Shabibi would want to be there when the CBI kicked over. 9-17-2012 Intel Guru TerryK i was assured that we would see the rv this week...wed looks solid and we are to cash in thursday according to source...treat as rumor.
9-17-2012 Newshound Guru Mailman17 I...SAW THE GCC SUGGESTS COMING OUT LOW AND GOING TO A FLOAT. THAT IS INTERESTING. WE KNOW SHABS INSPIRED A 1-1 BUT WE ALSO KNOW THE IRAQI PEOPLE CANNOT BE MADE MILLIONAIRES OVER NIGHT. IF THEY DO COME OUT THAT LOW, IMO, IT IS INTENDED TO DRAW THE LAST REMAINING DINAR OFF THE STREETS LITERALLY. THEN...LIKE THE GCC SUGGESTED GO TO A FLOAT AND LET THE MARKET DRIVE IT FROM THERE. NO ONE IS SURE THOUGH WHAT THEY WILL COME OUT AT. GOOD NEWS IS EVERYWHERE.
9-17-2012 Intel Guru Bluwolf THERE IS NO INFO COMING OUT OF ANY 3 LETTER AGENCY NOR OF ANY BANK SOURCE, ALL IS SILENT. THERE WILL NEVER BE A ANNOUNCEMENT OF ANY RV. IT WILL BE SILENT... AGREEMENTS AND I MEAN AGREEMENTS WILL ONLY COME OUT OF THE UN MEETINGS. THE IQD WILL NOT COME IN LOW, PERIOD. WHAT ARE WE WAITING ON? YES, A PHONE CALL AND THAT MY FRIENDS IS WHERE WE ARE AT.
9-17-2012 Newshound Guru Med [Source confirms that the state law seeks to nominate a replacement for the current Prime Minister Nuri al-Maliki Among the candidates (Ali al-Adeeb and Hussain al-Shahristani).] THEY WANT TO REPLACE HIM...OUTSTANDING POST BESIDES THE RV...IT IS EXCELLENT.
9-17-2012 Newshound Guru Med THE DINAR IS NOT GOING TO COME OUT OF THE GATE AT 1 TO 1. I AM BETTING BETWEEN 10 CENTS AND ABOUT 28 CENTS TO START. MOST WILL BE VERY SHOCKED...BECAUSE MANY WILL HAVE TO HOLD ONTO THEIR DINAR FOR AN EXTENDED PERIOD TO GET THE VALUE OUT OF IT...IT [ARTICLE] EXPLAINS THAT THEY EXPECT TO TAKE TWO YEARS TO REACH.
9-17-2012 Newshound Guru Enorrste while the CBI may have changed plans to go from a direct RV to a "free float", it clearly has NOT changed plans to get the value of the dinar up to at least $1. This is extremely powerful, IMO, because as KAP [Kaperoni] noted...a free floating dinar is inconsistent with a LOP! Saleh's statement is consistent with our latest theory regarding a "free float" of the currency. If, as we expect, the currency is allowed to float in the very near future it could easily reach $3.50 by the end of 2014. In fact, we expect it to reach $1 by the end of this year, 2012.
9-17-2012 Newshound Guru SWFloridaGuy To sum up, Talabani is back, Defense Minister is being nominated, they are going to try to resolve HCL dispute tomorrow and there is hope that now we may finally see a National Conference and a real breakthrough in the political crisis. Today's been a very positive news day. Let's hope that they do more than talk and we have some actual progress. The talk right now at least has me very encouraged.
9-17-2012 Newshound Guru Kaperoni First, it is important that we hold off on this new direction (free float vs. RV) until we get actual validation from the CBI. Until then, it is just a theory and my hopes are still for a straight out RV. I also want to caution everyone to not get overly excited about a “free float” of the dinar. Though we have two articles mentioning this idea, it has not come from the CBI as of yet. However, it may very well come out at the Iraqi Banking Conference Sept 18-19th, 2012. We have people at that conference listening and, hopefully, we can share their thoughts and information with you shortly. Now as for the “free float,” if true, it will absolutely end any discussion on the LOP. You cannot free float starting at 1166 and LOP the currency. End of story.
9-17-2012 Newshound Guru Administrator Bob This past weekend...an article came forward from the Arab Monetary Fund which discussed a possible "free float" of the New Iraqi Dinar. As it is Monday afternoon in the US, it is Tuesday in Europe, which means Iraqi Finance 2012 is about to begin. The next few days should be very interesting indeed.
9-17-2012 Newshound Guru Doc We do continue to see evidence of the key issues being addressed. We saw where the finance committee has received a draft 2013 budget and went as far to say that currency reform would not be an economic burden. Again we know this to be positive since Shabibi has stressed he wanted to go into 2013 budget year with the dinar as the currency of choice. And lastly the agenda for the economic summit in London includes the topic of international investment and currency reform. While these all are extremely positive we simply need the talk and planning to end and for Iraq to put into action these plans. Only then can we expect Shabibi to pull the trigger. We report, you decide. [post 2 of 2]
9-17-2012 Newshound Guru Doc We continued to be amazed at statements like "there is no way we will get out of September without this being done." Those who make this type of statement are ignoring Iraq's past performance. With this we are not suggesting it will or will not happen in September or any other month. What we know from the past is that there are certain circumstances that will preclude the RV and to date these have not been put into place. We also know from past history Iraq is notorious for not meeting deadlines. This is amplified once again by the fact the new currency is not in circulation and was reported to be so by September 1. We continue with our presumption that until we see concrete evidence that issues like a fully seated GOI, Ebril and the likes have in fact been implemented then the RV is still pending in the future. [post 1 of 2....stay tuned]
9-17-2012 Newshound/Intel Guru BGG Article quote: "President Jalal Talabani will arrive in Sulaymaniyah at seven o’clock this evening. ...Talabani will meet immediately after arriving in Sulaymaniyah with members of the Political Bureau of the Union." This is what we’ve been waiting for...let’s hope it all goes well.
9-17-2012 Newshound Guru Med RIGHT NOW IT SURELY SEEMS THAT CBI IS REALLY MOVING QUICKLY ON GETTING IRAQI BANKS RECOGNIZED...THIS IS IMPORTANT. WE ALSO SEE HOW THEY ARE DISCUSSING WHAT KIND OF WAY THEY WILL USE TO CONTROL THE EXCHANGE RATE. I PERSONALLY STILL THINK IT WILL BE THE BASKET. WE HAVE THE SUMMIT...IN THE UK IN LIKE TWO DAYS...SEEMS THAT SHABS IS OUT TO SELL A BILL OF GOOD...MAKING HIS PLUG BEFORE THE RV. TO ME WE ARE WITHIN POSSIBLY 10 DAYS OF AN RV BUT IT COULD GO TO END OF NOVEMBER, EARLY DECEMBER DEPENDING ON HOW THE BUDGET IS MOVING ALONG.
9-17-2012 Intel Guru TerryK 3.86 IS WHAT I GOT YESTERDAY .0032 IN THE GAZETTE. WAS TOLD .0032 WHICH CONVERTED IS 3.86. [hmmmm...there must be some confusion, these numbers don't add up?] THATS WHAT IT IS TO COME OUT AT, WHAT IM HEARING, SO YEP A RI. TREAT AS RUMOR. GOT THAT TWO DAYS AGO. WE DID VERIFY THAT THE LOW DENOMS ARE OUT BUT NOT OF ANY VALUE. [have you heard anything about the dong recently??] .62 is what i got last week and it WILL GO WITH THE DINAR, MAKE NO MISTAKE.
9-17-2012 Newshound Guru 8Ball Talibani coming home...agreement with the Kurds...the next logical step is that the security ministers will be appointed...
9-17-2012 Intel/Newshound Guru Poppy3 [Referencing Poppy3 post 1 of 2, dated 9-16-12] I AM THINKING FROM READING THIS IT SAYS EXACTLY QUOTE ( IRAQ HAS A TOTAL OF 76 TRILLION IN CURRENT MONETARY ASSETS )THIS MAY BE COUNTING ALL OIL GOLD ETC IN ASSETS. NOT JUST DOLLARS. AND I AM SURE THAT IS IN TRILLIONS. I WILL CALL...A FRIEND OF MINE...THAT WAS ONE OF THE FOUNDERS OF ERNST & YOUNG The group that did the audit and get him to explain for sure because I was thinking Billions not Trillions but i assure you I have a copy of the report page and it says Trillion.
9-16-2012 Intel Guru Blaino I just feel that, I have a positive expectancy, that they may release this thing just before, as an opening maneuver or at the conclusion, of this London Conference. I know there have been meetings to get things done. I think we are all going to be really happy.
9-16-2012 Newshound Guru SWFloridaGuy Article: "President Talabani is to arrive Sulaimaniyah tomorrow." An official of the PUK [Patriotic Union of Kurdistan] said that President Talabani will arrive in the Kurdistan region on tomorrow coming from Germany and there will be a private ceremony to receive him.
9-16-2012 Newshound Guru SWFloridaGuy Just to clarify Shabibi has never once said that the IQD would revalue to become the strongest currency in the Middle East and remain at levels above Kuwait's. In fact he's never said they would "Revalue" at all. At the Arab banking conference in 2008 (held in Cairo), Shabibi did say that he wanted to return to their currency to levels that closer resembled what they were in the 70s and 80s. The "Returning to former glory" statement from Shabibi (while a very positive one), is frequently misquoted. "4-7-2008 Shabibi - We aspire in the near future to the return of Iraqi dinar to what it was in the seventies and the beginning eighties against the dollar and other foreign currencies and we are endeavouring and serious in this regard, but added that this process is not easy and simple and depends on the supply and demand of Iraqi dinars." Whether that be by revalue, floating orbit of exchange, straight redenomination, change in peg, letting the market drive it up etc., is of course 100% classified.
9-16-2012 Newshound Guru Med THIS LONDON MEETING SURE SEEMS TO BE TURNING INTO SOMETHING BIG AND IT SEEMS TO ME TO BE CENTER AT LEAST FOR IRAQ...TRYING TO ATTRACT THE UK, THE EU AND THE U.S. TO ACCEPT THE IRAQI BANKS. IT SURELY SEEMS THAT SOMETHING SERIOUSLY IS IN THE BREW THIS MONTH. I AM STILL COUNTING ON A SURPRISE, UNTIL IT IS DEBUNKED.
9-16-2012 Intel/Newshound Guru Poppy3 The last report that we got was Talabani would return on the 18th. Dr. Shabibi’s meeting on the 18th and 19th is going to have international and investment bankers from all over the world. The original intent was to go there to get them to invest into Iraq. Without the RV they can beg all they want but nobody is going to invest in Iraq till the RV hits and they are a WTO member with a currency that is tradable worldwide. Possibilities for the RV are tremendous. [post 2 of 2]
9-16-2012 Newshound/Intel Guru BGG The biggest current rumor is that Talibani showed up in Iraq 48 hours ago. I kind of doubt this to be true – for several reasons. First – I have a couple of pretty deep sources that would have told me so ahead of time. Second...about 12 hours after he actually shows up every Arabic news feed there would have an article about it – this is really, really big news and is being watched closely by everyone – here and there.
9-16-2012 Intel/Newshound Guru Poppy3 Shabibi has signed off on the year end report that recently stated that they have a total of 76 trillion dollars in reserves now. Just a little over a year ago it was at 56 trillion. Their numbers are just climbing astronomically in their reserves. That is definitely in our favor! A brigadier general sent me a notice that October 1st has been the target date every year since 2008 but never before have things lined up for the RV as they have this year. HCL and Article 140 have been on the addenda twice in the last week and it has been reported that it was completed and implemented today [Saturday]. I was told that the earliest it could be implemented would be this coming Tuesday. [post 1 of 2...stay tuned]
9-16-2012 Intel Guru Bluwolf ALL THINGS ARE BEING TAKEN CARE OF AS WE SPEAK AND THE OUTCOME WILL BE OVERWHELMING TO ALL IN THIS INVESTMENT.
9-16-2012 Newshound Guru Med I LIKE THE ARTICLE VERY MUCH OF THE IMF SUPPORT OF CBI AND WHAT THEY ARE DOING. IF SHABIBI HAS BEEN CORRUPT AND MONEY LAUNDERED AND STOLEN BLAH BLAH BLAH THEN HOW IN GODS NAME DID HE GO FROM 20 BILLION USD IN 2009 TO 69 BILLION USD IN FOREIGN CURRENCY ASSETS. NOT ONE OTHER MINISTRY HAS ACCOMPLISHED ANYTHING NEAR WHAT SHABIBI DID.
9-16-2012 Newshound/Intel Guru BGG Article: "Najafi and Deputy Foreign Minister U.S.: Implications of the death verdict against Hashemi confirms that part of the Iraqi judiciary is politicized" It is more and more obvious to everyone this persecution of VP Al-Hashemi is a political witch hunt – this one is going to blow-up in Maliki’s face too. You watch"
9-15-2012 Intel Guru Ray I just wanted to give a brief update. I know a lot of people are on edge waiting to hear if a date has been set for the RV. I have not been able to get hold of my contacts yet due to the weekend. As soon as I find out something, I will pass it along ... just relax and let this happen.
9-15-2012 Intel Guru BOBGETZ6 It appears to me, that with Malikki and Shabibi doing there thing next week, and if it is about release from seven as well as getting investments in Iraq, they pretty much have to get this done before the meetings.
9-15-2012 Newshound Guru SWFloridaGuy So far I can't confirm that the HCL has been passed, although it looks like they could be close. Maliki hosted a session in the House of Representatives today where they had 35 speaker and it lasted 3 hours. Apparently, after the session was held the Prime Minister held a press conference and said that he is calling on the House to expedite the passing of the HCL and that they had failed to reach an agreement on the Infrastructure law. I can't find any press on Iraqi tv or confirmation in the Iraqi Legal Database that the HCL has indeed been passed but I am still looking. Sure would love for this rumor to pan out. :)
9-15-2012 Newshound Guru Mike The Heat is on...Britain's Foreign Minister showed up to talk today to Maliki. Parliament is also acting - they have run into a few road blocks but the President of the Parliament Nujaifi put together a committee on the Oil & gas Law to meet on Tuesday - he is giving them deadlines. All of a sudden Baghdad and Erbil agree to pay the dues to the oil companies. I don't know what happened to make this happen but this is a major bargaining chip which means something is in the works - they are getting something in order to do this or they were told to do this...these are all major things that signal to me that the government is having lots of negotiations and things are happening behind the scenes...could be a major weekend for news into Monday.
9-15-2012 Newshound Guru Mailman17 I THINK WE WILL SEE MINISTERS IN PLACE IN 7 DAYS. JUST A HUNCH. ALSO, THE HCL. WE GET THAT AND SHABS CAN THEN USE THE APPARENT CRISIS TO INITIATE THE CHANGE IN CURRENCY AND WITH THAT A CHANGE IN RATE. IT WILL APPEAR TO THE WORLD AS IT WAS FORCED AHEAD OF TIME BUT IN ESSENCE PLANNED BUT NEEDED. HENCE THE IMF ENTERING THE SCENARIO. WE WILL BACK IRAQ UP AND THAT SHOULD MEAN...A RATE CHANGE AND INTERNATIONALLY TRADEABLE AGAIN. [post 2 of 2]
9-15-2012 Newshound Guru Mailman17 THERE SEEMS TO BE A PUSH TO GET THE 2007 AMENDED HCL THROUGH, THAT IS GOOD. MALIKI AT LEAST ON PAPER IS ALSO PUSHING IT. THAT ALONG WITH KUWAIT IS THE LAST 2 BENCHMARKS NEEDED FOR 7. ADD TO THAT WE HAVE A CRISIS IN THE CBI OR AT LEAST WHAT THEY WANT US TO BELIEVE IS A CRISIS, MONEY LAUNDERING. WE ALREADY KNOW SHABS IS READY. WE ALSO KNOW HIS TERMS, STABILITY. [post 1 of 2...stay tuned]
9-15-2012 Newshound Guru Enorrste I expect that once it passes $1 Shabibi will step in and "manage the float" as he told the IMF he would do. It will then go up at a controlled rate (unknown what that is now) until it reaches "equilibrium" which we suspect will be in the $3.50 range. We have no way of knowing how long that will take at this time. [post 2 of 2]
9-15-2012 Newshound Guru Enorrste As the dinar rises in value people will begin to want dinars again. When it gets over $1, which we expect prior to the beginning of 2013, they will flood to dinars and away from dollars, since the dinar will have been rising consistently for several months by that time and every expectation will be that it will continue to rise. Inflation is REDUCED by lower import costs. It is not raised. He who controls the supply can control the rate. If Shabibi wants the rate to go down he sells more dinar. If he wants it to go up he buys up dinar...The bottom line is that he controls supply, and therefore the rate. [post 1 of 2....stay tuned]
9-15-2012 Intel Guru DinarWishes Just know it's coming, when exactly is undetermined... It could be sooner than we think.
9-15-2012 Newshound Guru Administrator Bob We enter the weekend at the door of the Iraq Finance 2012, the international conference and exhibition on banking and finance services in Iraq. Private meetings begin this weekend with the public conference starting next Tues-Wed. There was some discussion on various laws and political differences, but nothing is official.
9-15-2012 Intel Guru Hammerman all great info coming in...FOREX SWITZERLAND TEXTED...SAYING RATE 9.71 TO USD AN 5.33 TO GBP. THEY LOOKING TO GO LIVE AFTER CLOSE OF USA BUSINESSES TODAY [Friday]...i don’t believe that...i think we are closer to next Tuesday...a lot more movement in Iraq today...Reno is hopping again big names there today again...funds are being moved...shifted and allocated...this could possibly be the end here soon...im smiling huge.
9-15-2012 Newshound/Intel Guru BGG Article: "Hashemi Unveils possession of documents proving corruption and Iraqi Minister of Finance “Rafie al-Issawi” This is about to get ugly for Maliki – there is some very damaging evidence that has been held in confidence to be sure he was going to play ball. As time goes on – it is more and more likely they will use whatever they have against him.
9-14-2012 Newshound Guru Mike CBI definitely has some help - people riding in on their white horses - The World Bank and the IMF came in and talked to Nujaifi. Central Bank is moving forward - The Calvary has shown up to support Shabibi and to keep Maliki off of him from an end run - he's moving forward - we have always seen him tend to move faster once people come in to help him and he knows he has backing....CBI has been very very quiet..they are hunting RV's...and they are not talking - that's good.
9-14-2012 Intel/Newshound Guru Poppy3 JUST GOT OFF THE PHONE AND HAVE BEEN TOLD (I AM STILL CONFIRMING THIS NEWS) THAT THE ERBIL AND HCL WILL BE IMPLEMENTED BY NEXT TUESDAY AND IF THEY ARE IT SHOULD OPEN THE DOOR FOR THE OIL CONTRACTS TO BE PAID ALMOST IMMEDIATELY. THIS IS SOUNDING VERY GOOD...THIS IS POSSIBLY THE BEST NEWS WE HAVE HEARD IN A WHILE.
9-14-2012 Intel Guru Okie_Oil_Man THIS MAY BE A DELAYING FACTOR BUT IT COULD ALSO BE AN EXPEDITING FACTOR. IN EITHER EVENT OR SCENARIO HISTORICALLY USUALLY THING'S OF THIS NATURE NORMALLY HAS A LIFE SPAN OF 10-12 DAY'S BEFORE BEING SETTLED OR AT LEAST CALMING DOWN TO WHERE IT'S INFLUENCING NATURE IS NOT AS PREVELANT OR BEING FELT. I AM EXTREMELY OPTIMISTIC AND BELIEVE ONLY POSITIVE RESULT'S WILL SOON OCCUR FOR ALL OF US. [post 2 of 2]
9-14-2012 Intel Guru Okie_Oil_Man EVEN THOUGH WE ALL THOUGHT AND HAVE BELIEVED IN THE IMMENENCE OF OUR CURRENCY EXCHANGE WE NEED TO ALL BE AWARE THAT THE POLITICAL TURMOIL AND DISSENT IN THE MOST VOLANTILE SPOT ON EARTH (THE MID EAST NEARLY IN IT'S ENTIREITY) CAN'T HAVE ANYTHING BUT AN EFFECT ON THE TIMING OF THE RE-EVALUATION OF THE WORLD'S CURRENCIES. [post 1 of 2....stay tuned]
9-14-2012 Intel Guru Hammerman There was a lot of processing taking place in Reno today [Thursday]. I have solid verifiable, visual proof from FBI and Homeland Security sources that the Bush twins, daughters of the Bush's, were in Reno cashing in dinar. Homeland Security sources were within 20 feet of them, so I take this as solid info. I was never a really big believer in the Prosperity Packages and Global Settlements, but I put out the info because I feel that you all need to here what's out there. But, if it is true, we should be RV withing a month, or probably within days. If it is true we are done. Rumor is we are Rv'ing soon anyway. My speculation on the rate for the average everyday person, referred to as tier 3 will be $3.50 - $5.50. There was some talk today that it would come out low, $.25 to $.55 and go up gradually. IMO, I am hearing and through intel that each country will have an independent rate. [post 2 of 2]
9-14-2012 Newshound Guru Med I HAVE THOUGHT ABOUT THE RATE COMING OUT THE DOOR AND IT WILL DEPEND ON IF THEY ARE IN A BASKET OR A FLOAT. TO ME A BASKET WILL BE MUCH SMARTER AND MORE STABLE ESPECIALLY UNDER THE CURRENT CIRCUMSTANCES IF SO I EXPECT THEM TO COME OUT BETWEEN .10 AND .35. SHABIBI HAS TO TEST THE WATERS IF HE IS REALLY CONFIDENT AND BELIEVES THE OIL IS ENOUGH PLUS HIS ASSETS THEN MAYBE THE .86. THIS TO ME DEPENDS JUST HOW SERIOUS THE IMF AND WTO WERE IN PUSHING IRAQ ON LINE WITH A EVEN RATE WITH THE USD.
9-14-2012 Intel Guru Hammerman Intel has not changed much. Talabani will probably turn up sooner than expected, in the next 48 hours. I think we still have a chance for an RV about the time the London Conference starts, this is rumor from about 10 high up power players. They are gearing up for something over there. The turmoil happening over there in the Middle East, the civil unrest will not affect us at this point. If they go to a full fledged war in the next 24 - 48 hours there might be a small delay, but I'm being told that is not going to happen. They are trying to get this RV and global reset processed, it is vital to get this done. My sources tell me we are here. [post 1 of 2...stay tuned]
9-14-2012 Newshound Guru Kaperoni I am going to toss out a theory... based on actions within Iraq, and other events. It may be very close to what we will see happen in the near future. I believe the plan always was to release the dinar at a “staging rate” at or about 1 to $1. The issue is, if that was the case, some liability falls on the CBI and Iraq. They must be able to sustain this rate. Remember as much as 10 trillion dinar may have been sold outside the country for what Saleh said, “will be held as a foreign reserve currency..for a very long time.” What that means is that the world’s central banks would in essence be funding the RV. The CBI is caught in a difficult situation. Economically, Iraq needs the RV yesterday. Shabibi has a decision to make. Shabibi can put people back to work, rebuild world class structures, and see his country prosper at least financially from the wealth of the country…But how? [Full theory will be sent out to Dinar Guru members...make sure you sign up with us in the Blue Box above!!] 9-13-2012 Intel Guru Gary We are seeing a lot of activity. There was a meeting with the UN Security Council in the past and they were going to take them out of Chapter 7 but there were a few things that were still remaining that needed to be fulfilled but I see activity moving us toward the goal, I don't know if it's the actual RV. I hope it is, I'm not sure what the trigger point is, but I am sure we are getting closer. There are a number of events that are moving Iraq closer to their goal, to the goal that we need to reach to see this RV.
9-13-2012 Newshound Guru Adam Montana Iran is indeed a major point of concern. At this time, they are just something to keep an eye on. I truly wish our government, the UN, heck - the entire world - would take them as serious as you and I do...luckily they aren't causing problems at this time. Give Iraq a release from Chapter 7, resolve HCL, let them stand on their own two feet. That is the ONLY way this will ever be resolved.
9-13-2012 Intel Guru Tony A lot of good info out there. The UN meeting and the Finance meeting are taking place at the same time is a good thing. Maliki coming here & let it be known they are going to discuss getting out of Chapter 7 is a good thing. The fact that all financial managers are meeting in England at the same time, discussing the value of Iraq's economy & the value of their dinar & both put that out on their agendas is a good thing. All of this is scheduled to happen Tuesday and Wednesday of next week. I think that is good thing. The fact that banks were notified this morning...we had a branch manager call that said they got a notice from the corporate office giving them an alert notice for a currency change. This manager never believed in this...I thought that was a good thing. It could happen today, tomorrow, just looking at the positive things.
9-13-2012 Intel Guru Blaino LET'S TALK ABOUT A MAJOR BANK...SOMEWHERE IN THE NORTH WEST...WITH A RECENT NEW HIRE IN THEIR CURRENCY DEPARTMENT...NOT NEW TO THE BUSINESS, NOT NEW TO THE CONCEPT, JUST HIRED TO REPLACE SOMEONE MOVING UP TO A BETTER JOB ! TODAY SEEMED RIGHT TO "DROP IN AND GET INTRODUCED"...AND BEFORE HE CAN MENTION IT SHE ASKS.... "IQD?" HE SMILES...WHY, YES! NOW ALWAYS BEFORE...ALWAYS THE USUAL "WE DON'T, WE WON'T, YOU CANNOT, WE WILL NOT. BUT THIS TIME SHE SAYS... "WELL, WE ARE EXPECTING IT TO REVALUE FAIRLY SOON!!!! FAIRLY SOON!!!! YES, YOU READ THAT RIGHT! AND THEN..."IT WAS SUPPOSED TO HAVE HAPPENED ALREADY!" WE ARE GETTING FAR MORE CLARITY AND SUPPORT FROM THE BANKS THAN EVEN A FEW WEEKS AGO.
9-13-2012 Newshound/Intel Guru BGG Article: "Maliki stresses protection measures for fear of an assassination attempt and transferred his headquarters and his family" I have – in fact, been hearing some chatter leaning this direction. I don’t know how serious this talk is, but it appears Maliki is hearing the same thing. Looks like he’s “bunkering up”.
9-13-2012 Newshound Guru Vic1 NO...WORRIES, WE ARE LOOKING VERY GOOD... I CARE NOT OF THE QE3!!! THAT IS...AS SOME LIKE TO CALL IT, SMOKE AND MIRRORS! GO GET 'EM ...SHABIBI!!!
9-13-2012 Newshound Guru Adam Montana ALL of the news that comes out of Iraq must be questioned. ...we have two very conflicting articles on Iraq's potential with the HCL - one very poor, one very good, and BOTH come from reputable sources! With that said, I try to read as much as possible, take it all with a grain of salt, and form my opinions based on what I believe to be accurate...
9-13-2012 Newshound/Intel Guru BGG Article: "Urgent…A new oil law" They are getting very serious about getting a true, revised, HCL law in place. Great news for all investors.
9-13-2012 Intel Guru BOBGETZ6 I do not believe in a low rate coming out. It will not sustain their budget unless they do an open market free float.
9-13-2012 Newshound Guru Med CBI APPARENTLY HAS CUT OFF ALL COMMUNICATIONS WITH ANYONE WHO WAS INVOLVED WITH THE RV OUTSIDE OF THEM AND NOW THEY ARE SCRAMBLING WITH ?'S TO THE MEDIA ASKING WHAT IS GOING ON. BY NOT FUELING THE FIRE WITH REBUTTLE COMMENTS TO THE OUTRAGEOUS STUFF THAT CAME OUT OF THE STATE OF LAW IT CALMED THE SITUATION IN MY BOOK...
9-13-2012 Newshound Guru Mike Allawi decides...to come back to Parliament and all of sudden there is pressure...Maliki will be questioned on Saturday. Parliament has been busy - they are going to pass major laws on Thursday...basically Parliament is going to call for him to go ahead and seat these people and...he will have a situation explaining why he is not moving this economy forward. I am looking for a lot of action over the next few days and we will see what happens as Parliament gets into session - I believe that all of this is going to force him to have to seat his government which is all positive for us.
9-13-2012 Intel/Newshound Guru Poppy3 IF TALIBANI PUTS HIS FOOT DOWN AND JUST A COUPLE OF THE OTHERS DECIDE TO STAND WITH HIM, AS THEY HAVE INDICATED THEY WILL DO, THEY CAN GET ALL THINGS PENDING COMPLETED IN 48 HOURS AND THE DR CAN AND WILL PULL THE TRIGGER. IF WE SEE ERBIL IMPLIMENTED...IT TAKES 1/3RD OF MALIKI'S POWER...SO GET OUT THE DINAR AND GET IT COUNTED BECAUSE IT IS KEY TO EVERYTHING ELSE FALLING IN ALMOST IMMEDIATELY. [post 2 of 2]
9-13-2012 Intel/Newshound Guru Poppy3 I TODAY AM ANTICIPATING AN RV PRIOR TO OCT 1 BECAUSE I THINK THE MEETING TODAY BETWEEN DR SHABIBI, IMF, WORLD BANK WAS A MEETING PERTAINING TO THE INTERNATIONAL BANKING MEETING AND HOW THEY ARE GOING TO ALLOW THE DR. TO HANDLE LETTING THE ATTENDEES KNOW ABOUT THE RV AND POSSIBLE RATE AND WHEN THEIR INVESTORS WILL BE READY TO INVEST IN IRAQ. [post 1 of 2....stay tuned]
9-13-2012 Newshound Guru Adam Montana Talabani is an important part of the current Iraqi situation, so I do believe it is important that he be present for the RV announcement and resulting changes but I don't see him as the "catalyst". In order for this to be successful, the waters need to be fairly calm and ducks need to be in a row. From what we can all see and what many of us are hearing from contacts both local and overseas...we are extremely close! But we still need those calm waters.
9-13-2012 Newshound Guru Historian the rv will happen when it happens...will be a big shock to everyone...the people that don't want it to happen won't have the power to stop it...it could be any second now, but we don't know what is in the minds of those that are driving this...we can only sit and wait.
9-13-2012 Intel Guru Blaino I'LL INTERVIEW MYSELF SINCE I KNOW ALL THE REALLY "GOOD" QUESTIONS: "BLAINO.... DON'T THEY HAVE TO BE OUT OF CHAPTER 7, PASS THE HCL, PUBLICIZE THE MINISTERS BEFORE THEY CAN RV?" THESE ARE MARKERS FOR SURE. HOWEVER, I BELIEVE THEY CAN ADVISE THE BIS AND FROM THERE CIRCULATE A NEW VALUATION FOR THE IQD AT ANY TIME BEFORE, AFTER OR DURING THE ABOVE! "BLAINO, DID YOU INTEND TO INDICATE THAT THERE WILL BE NO RV ANYTIME SOON?" NO, ...WE COULD RV AT ANYTIME. "BLAINO, ARE WE STILL AT...ALERT LEVEL 5+?" YES, I SEE NO REASON TO RETRACT FROM THAT POSITION.
9-13-2012 Newshound Guru Enorrste Now, here is the clincher. Al-Zubaidi is gone and a new Minister of Finance has taken his place, appointed by NurI Al-Maliki. Does that name ring a bell? Therefore, we should not be surprised that one of Maliki's "lackies" is now touting a totally different tune, just as Al-Anburge and others from the various ministries are doing. After all, they are only following the orders of their boss, Nuri Al-Maliki. Have no fear, folks. Shabibi is a man of principle who will accomplish his goal, regardless of the "piffle" that comes from within the GOI. He is on record that he would have loved to have the GOI join his party, but that he is also more than willing to move along without them should they elect not to participate. [post 2 of 2]
9-13-2012 Newshound Guru Enorrste Some years ago a man named Al-Zubaidi was the head of the Ministry of Finance. He and Shabibi were apparently good friends, or at least worked weil together. In 2007 Al-Zubaidi, as the Head of the Ministry of Finance, recommended to Shabibi that a plan be put in place to raise the value of the dinar to $3.33, a value that he said existed prior to the Saddam Hussein regime in the early 1980s. A month later Shabibi agreed to Al-Zubaidi's recommendation and a 5 year plan to raise the value of the dinar was put in place. It included the removal of the large 3-zero notes as well. Later, they introduced the plan to create a new currency. This is the plan that exists today. While it has been delayed somewhat (about 1 year) it is still in effect. [post 1 of 2....stay tuned] 9-12-2012 Intel Guru Bluwolf THERE ARE A LOT OF PIECES TO THIS PUZZLE AND THEY ARE STILL SORTING THINGS INTO PLACE BEFORE THE COUNT DOWN OCCURS. THE HANDLERS OF THIS INTERNATIONAL RELEASE HAVE BEEN WORKING AROUND THE CLOCK TO GET THIS THING OUT IN A MOST PERFECT WAY, SECURITY AND ALL. WE ARE STILL GOOD AND WAITING ON...THE CALL AND NOTHING HAS CHANGED PERIOD... IT IS A MATTER OF LOGISTICS.
9-12-2012 Newshound Guru Mike The pressure is building against Maliki....the things he is trying to do - his time is running out...The case is building against him worldwide - The financial world is putting pressure on these guys to move forward and get done and get him out of way. Maliki made a mistake by getting Hashemi tried in absentia and then sentencing him to death.
9-12-2012 Intel Guru Hammerman Exxon Mobile, Phillips, Chevron and some big banking companies that are working under contract in Iraq and have not been paid have put out an ultimatum to get paid by Oct. 3rd. These are serious threats and will shut down Iraq. Also, the CBI site that we can see is set up by the U. S. and is not the real site. Only Shabibi knows the exact time and date. My personal opinion of what the rate will be is $3.50 - $5.50.
9-12-2012 Newshound Guru Kaperoni They have been making the announcement to the world for the past two years. I believe the plan is such that it is good that they keep telling everyone (as more dinar is sold) as that builds there reserves back up (some 76 billion now). That was the goal of selling dinar. Now, the question is what is next? And how can they afford that now that they have sold so much. That is also accounted for... Therefore, If this is the event we think it is, and is talked about by various articles, sources as it is, sharing information was part of the plan and was expected. [post 2 of 2]
9-12-2012 Intel Guru Bluwolf there is a lot of things occurring in the middle east cause by the powers that BE. But this will not stop what needs to be done and this is the international release of currencies. Everything is going to happen just like it was stated in the past for nothing has changed...remember there is still something that needs to occur before chapt. 7 is lifted and that is the international release, for it is the period that seals this issue before the U.N. THE forces that be have tried everything to stop this but all efforts have been useless...we are about to receive this blessing now for all distractions in the middle east is pushing this issue forward.
9-12-2012 Newshound Guru Adam Montana we have to let the situation in Libya blow over and then re-evaluate. I'm positive that even if they had planned on announcing a major revaluation TOMORROW, it would have been put on the shelf for a few days. With any luck, that's exactly what is happening, and we will see a quick turnaround...but I don't have an exact guess...we have to be realistic - Libya is a major part of the Middle East, and a significant RV is going to be a balancing act of EPIC proportions - they need to go into this when the waters are calm, not during a storm.
9-12-2012 Newshound Guru Mike don't worry about the Central Bank as we have said before they are moving ahead - they have their plan and they know they want to increase the value - they are...doing what they need to do - getting the banking system straightened up - They are on track...they can get the help they need from the IMF - Its all going as planned.
9-12-2012 Newshound Guru Mailman17 TO BE IN LONDON AND THE NEXT IN GERMANY THAT TELLS ME SOMETHING IS AFOOT...THEY MUST BE ABLE TO OFFER SOMETHING OTHER THAN WORDS FOR ONE. THEY HAVE A PLAN THEY JUST HAVENT TOLD US AGAIN...THATS FINE WE CAN FIGURE IT OUT. MEETINGS WITH THE WORLD BANK, THE IMF, OBAMA, UN, DEFENSE CONTRACTS THE WRITINGS ON THE WALL JUST GOTTA READ IT AS A WHOLE BIG PICTURE BUT ITS COMING DOWN FAST, DONT BLINK.
9-12-2012 Intel Guru FreewayBill I have watched what has happened in Libya and throughout the middle east along with the movements of Irael in the past few days and also in the past few months. Particularly, I want to address the situation in Libya and it's effect on the RV... It has none...We invested in this blessing knowing that there were going to be risks and we have withstood the ups and downs. This is not even a down! This will play NO ROLL in when the RV goes. If you want to watch for a date, make it the 20th when the conference begins. The world will not stop turning because the US has been duped by Israel or whether Libya's issues are good or bad...the blessing is coming and do not let the news get you down.
9-12-2012 Newshound Guru Adam Montana The current situation in Libya is going to cause delays. There's no two ways around it. If it weren't for the events over the last 24 hours in Libya, I would probably be holding my breath right now waiting to send out that RV email... but it's just not going to happen until we know how this issue will play out. I hate to be the bearer of bad news, but as always - I'm not here to bring balloons and cake, I'm here to tell you the facts as we know them. This is not a dampener, it's not a game changer, it's just a delay...so don't jump out a window or anything.
9-12-2012 Newshound/Intel Guru BGG The developing narrative we’ve been watching for is Talibani to return and what he’ll be able to do once he gets there. However, the last couple of days we see a very significant “ramping up” of anti-Maliki sentiment. I am getting word from informed observers that feel as though Maliki may have “over-played” his hand. It has always been my opinion that one way or the other Maliki will be diminished in some fashion. He may still have some choice in the manner which that happens – but not for much longer.
9-12-2012 Newshound Guru Kaperoni [referencing the upcoming Financial Conference] Iraq is in dire need for money. Lots of it. The world largest investment firms, banks, financial firms, hedge funds, and more are all coming to this event. Put previous events behind you unless you have the agenda to compare. This agenda is straight forward, and to the point. Global investment is a priority which includes the dinar in this agenda. Also, remember, the ISX is coming on line for international investment through custodial banking January 2013. Also, Iraq having a currency worth more than the USD would be a significant benefit for them when it comes to paying for imports. Imports are going to be a substantial part of the reconstruction process. Therefore, IMO, sooner is better than later. [post 1 of 2....stay tuned]
9-12-2012 Intel Guru Hammerman From my airport source in Bagdad, Talabani should be back in Iraq by Sunday. Maliki will be flying to the U. S. on Monday to meet with Obama and the U. N. to attempt to get all of chapter 7 out of the way. I am expecting announcements to come out of Iraq sometime after Wednesday night on into next week. I was told from 2 confident sources that on Switzerland forex the IQD was showing up at $7.13 and went up to $9.22, the VND was $.23 and went up to $.32. I was told they expect the rate to go live between Wednesday night and next Wednesday, just telling you what I was told, but, we have been told this before. Can I confirm this, No! High ranking UST people are telling me the live rate will be released between Wednesday morning and this coming Sunday, this is just what I am hearing. I fully believe it will happen before the 21st, not fact, just my opinion. We can't ask for much more than where we stand right now.
9-12-2012 Intel/Newshound Guru Poppy3 The dinar will RV, it is inevitable. Timing is a moving target that has changed 3 very distinct times to date in the last 16 to 18 months. It is closing in again on a definite RV situation and all news is pointing to that again. Every time right at the point of things being completed Maliki for the most part has caused turmoil in some way. This investment will have the greatest reward of anything in your lifetime so stay strong and stay informed.
9-12-2012 Newshound/Intel Guru BGG There are several articles saying that the recent bombings were intentional. They are saying it appears the weapons used were government style weapons, like it's from Maliki, right before the National Conference, doesn't want it to take place. There is no question he is slowing things down. Since everyone can see where the bombings are coming from, can see who is doing it, I don't think it will stop the National Conference. The U. S. delegation, McCain, Lindsey Graham, etc. are probably leaning on Talabani to get things done even if it means removing Maliki. It won't slow things down, it will actually speed things up.
9-11-2012 Intel Guru Footforward I'm looking for a rate that is a multiple of 7 and my target date is September 18th. They've been in a general stall but things are starting to happen. There are articles coming out saying that Maliki is coming to the U. S. possibly to talk about removing them from chapter 7, but that can't happen, removal of chapter 7, until the RV, maybe they will remove them from part of Chapter 7. A lot of people think that Iraq is in control, they are not, they are still under sanctions. They haven't been in control for a long time. The info about waiting for Talabani is false, it doesn't make any sense. They wouldn't hold everything up for Talabani, they would just have him replaced with someone that could do the job. After the RV there will be a power struggle in Iraq, but it's not going to cause chaos. The dinar is not going to crash, you don't have to worry about that.
9-11-2012 Newshound Guru Med THE AGREED DEADLINE IS JAN 2013. IT WAS POSTED IN AN ARTICLE TODAY, SOME...ARE WONDERING OK WE THOUGHT THIS WAS GOING TO BE OVER HOW COME IT ISN’T. SO PRESSURE IS ON AND WE KNOW THE AGREED TIMEFRAME FOR THE NEW DENOMS. IT IS IN BLACK AND WHITE THE AGREED RELEASE IS JAN 2013 BUT AN EXCHANGE RATE MUST COME FIRST.
9-11-2012 Intel Guru Blaino We are eagerly anticipating the commencement of the London Banking and Iraqi Investment "Summit" Meeting coming up on the 18th and 19th this month! We think the 15th thru the 17th COULD be very interesting to observe!
9-11-2012 Newshound Guru Administrator Bob A couple of key articles surfaced today. Apparently, Maliki is coming to New York next week to appear at the United Nations as well as visit with President Obama. Hopes are to remove fully the remaining UN resolutions under chapter 7. As well, the CBI came out with a statement pertaining to the Stand-by-Agreement with the IMF.
9-11-2012 Newshound Guru Mailman17 KEEP YOUR EYES VERY OPEN THE NEXT WEEK...LOOK FOR HCL NEWS WHICH MUST HAPPEN FOR CHAP 7. THINK THEY ARE TAKING A STAND ON GIVNG THE KURDS THE DEAL FROM 2007 ACTUALLY...BRING IN THAT AND THE MINSTERS AND CHP 7 INDEED SEEMS ATTAINABLE BUT IF MALIKI DOES NOT BRING THAT WITH HIM TO NY HE MIGHT AS WELL GET ON THE PLANE THAT BROUGHT HIM AND GO BACK AND LIKE MED HAS SAID...THE SILENCE OF THE CBI IS GREAT. WE HAVE ALWAYS SAID THIS WILL COME HARD AND FAST, PARLIMENT'S IN SESSION, A LOT GOING ON...BUT WITH LITTLE FANFARE THATS FINE. REMEMBER...ITS NOT WHAT IS IN THE NEWS AND SO MUCH AS WHATS NOT, GET READY.
9-11-2012 Intel Guru Hammerman There is a lot of news that all tier 1 people have been paid but are under full gag, cant prove this but it is coming from all over. Shell, Chevron and Exxon along with some tech companies and new banks in Iraq, all tell iraq if they dont get paid by Oct 3rd they are pulling out of Iraq, so forcing there hands. IMF, BIS, UST all saying hang on, rv this week, only saying what im told. Look for news from Maliki and Shabibi later this week...I do think we will hear announcements by weeks end in Iraq. Major banks world wide saying revalue coming before the 17th...got a call from switzerland [forex ]...they think rv this week sometime between 11 tonite and midnite on Thrusday...lets see what this weeks brings to us.
9-11-2012 Intel Guru Frank26 Nothing is going to start until Talabani comes back. He was to come back on the 1st, but he didn't. He told the Kurds he will be back on Sunday and to the public on Monday. This is the first time Talabani has given a date. Talabani was, is, and will be the mediator to bring formation, fair if not equal representation, for all parties, that's why we need him to go home. Agreements simply need signatures, Talabani's. The Kurds are the one's saying come home Talabani...this is huge.
9-11-2012 Intel Guru BOBGETZ6 There has been so much done. We are way past where we were last year. If there were not so much greed, dishonesty and political posturing, we would already be where we want to be and that is out of the IQD. [do you believe that if it doesn't happen in September, it won't happen until after the election?] I really have no idea, nobody does. If I were to guess, I would say much sooner than later as the world's economy needs it now.
9-11-2012 Newshound/Intel Guru BGG It still has to do with Iraq. We won't see anything until these political issues are all solved. The financial sector is not going to dictate when this RV, currency adjustment, is going to happen, this is all subjective to the politics going on there. We need to see the Defense and Interior Ministers, the Federal Courts Law, which may be just a few days away and the article 140 in the HCL and they are saying that would be sometime this week, using the 2007 draft as a basis for it, this is huge, basically acting like they are going to do it overnight, after not being able to agree on it for years. They are fairly close to getting things done. A lot of good news. I said that when it gets to the end it would be just magnificent and it really feels like that right now. It could be in the twinkling of an eye that this happens and could be done and over with. [post 2 of 2]
9-11-2012 Newshound Guru SWFloridaGuy London Conference: "The Iraq Government to open doors to foreign investors at London event. A major investment conference for Iraq will get underway in London next week from the 17-18 September." They are going to address economic policy and removing the zeros. None of this points to a RV specifically but I would assume if Iraq is going to be moving forward with any significant economic reforms it would certainly be a topic of interest and addressed at this conference.
9-11-2012 Newshound Guru Med WHAT IS CBI DOING TO REBUTTLE ALL THE NEGATIVES AGAINST THEM BY THE NA? WHAT ARE THEY DOING IN THE MEDIA. NOTHING! THEY HAVE NOT RESPONDED AT ALL. THIS IS A SITUATION OF I AM NOT EVEN GOING TO WASTE MY BREATH DEFENDING SUCH REDICULOUS CHARGES. CBI WAS ACCUSED THAT THEY HAVE WAITED TOO LONG TO RV. IF THEY ARE GOING TO, HOW COME NO ONE KNOWS THE DATE? WELL HELLO, CUZ THE IMF DOESNT WANT IT OUT. IT COULD CAUSE THE ENTIRE ECONOMY TO PLUMMET. I AM GUESTIMATING ...BETWEEN SEPTEMBER 21ST AND THE 30TH...THAT IS OUR WINDOW.
9-11-2012 Intel Guru Bluwolf I HOPE THAT EVERYONE UNDERSTANDS THAT THERE IS A LOT OF THINGS OCCURING IN AND AROUND THIS RV OF NATIONS AS WE SPEAK...THE GOOD GUYS AGAINST THE BAD GUYS AND THE GOOD ONES ARE WINNING. IT SHOULD ALL BE COVERED SOON. SILENCE SEEMS TO BE THE RULE OF THE DAY NOW...ALL INFO IS AIR TIGHT...ONCE I DO GET ANYTHING THAT CAN BE SHARED I WILL DO SO.
9-11-2012 Newshound/Intel Guru BGG Several rumors over the last few days, live folks, several major contacts, folks in the M.E., in neighboring countries to Iraq are saying they will be able to exchange IQD in a couple of weeks. Also, there are some meetings coming up real soon that should involve Talabani, saying he should be back Wednesday /Thursday of this coming week. There are rumors of Maliki being removed very soon. And also heard that September is the month. [post 1 of 2....stay tuned] 9-10-2012 Intel Guru BWM I keep trying to justify things comparing to other RV's while at the same time knowing that this is completely different than any other event...I have always had "ranges, windows, concepts and scenarios" in my mind as to when I thought this could/might go down... as of this exact moment in time... I don't have one of those to look toward... I'm still hearing "anytime" and I can see it after Tuesday and I know so much has been done for this to show but I feel many are looking at incorrect indicators as to why and when this must go down. Is there a requirement of a "meeting" or "conference" to make anything "law". Is that in their constitution anywhere? It is required to be read aloud in parliament three times and published in the gazette...altho there are stipulations within those that can bypass the gazette...we are talking NECESSARY vs. Desire.
9-10-2012 Intel Guru DinarWishes NOBODY knows when the RV will take place...Not ME, Not anyone...knows the true timing of the event...Im not here to tell you when, Im just here to let you know it will.
9-10-2012 Newshound/Intel Guru BGG Article: "Kurdistan Parliament is the purpose of today’s bombings thwart National Congress" WOW, WOW, WOW…is all I can say. This is the big news of the day. The mainstream Arabic media recognizing these recent bombings and attacks were incited by those intent on disrupting the National Conference (ie – National meeting) – in other words, Maliki’s gang is behind the bombings. This is what happens when you hire the Fox to guard the Hen House.
9-10-2012 Newshound Guru Mailman17 THERES A PUSH FROM THE WORLD BANK, THERES ALSO NOW THE CBI PLAYING DUMB. SHABS HAS HAD ENOUGH, NO MORE SPEECHES AND I DOUBT WE EVEN HERE ANY RHETORIC FROM SLAEH. NOW GETTING TO THE 18 MEETING [FINANCE, LONDON], YES, THEY HAVE HAD THESE IN THE PAST BUT AND A KEY BUT, NEVER HAVE THEY FOLLOWED UP WITH ANOTHER IN GERMANY 3 DAYS LATER. YES, THE TIME IS NOW. IMO...TRULY DONT SEE IT GETTING OUT OF SEPT.
9-10-2012 Intel Guru Tony I know what the target dates were. The first target date was Sept. 1. The secondary date we're coming up on. That's why our group went there from Washington, why votes are being taken in parliament today & yesterday, they're trying to meet the secondary date. I'm hearing power sharing deal will be done. Kurds gave extension to the 15th...some votes taken, formal one tomorrow, announcement on Wednesday. This month is all I can tell you, I hope it's on or before the 18th but everything I'm hearing says this month.
9-10-2012 Newshound Guru Enorrste You make a conclusion that because China, US, England, and France hold a lot of dinars as governments, "then they clearly have a say in the timing and the rate." I do not believe that this conclusion is justifiable. China holds over $1 trillion of our money but can't force us to raise or lower our rate on any timetable that they set. Similarly, even though we are one of China's largest traders, involving hundreds of billions of dollars per year, we have not been successful in getting them to raise their rates, in spite of several attempts to do so. Therefore I do not believe that it follows that just because a group holds a lot of dinars that they are in a position to tell Iraq what to do or when to do it. [post 3 or 3]
8-10-2012 Intel Guru Gary We are seeing alot of action, activity but it's not bringing this thing to closure. I can justify some of the delays, international setting & dynamics involving nations, got a healthy education about global funds, why are they being held off? Is there something bigger going on that we're not aware of? We are seeing positive movement. I am hearing that we need to see this this week.
8-10-2012 Intel Guru Checkmate There is controversy on the timeline. Bottom line is we are still here. This has been a plan to fix the monetary system long time ago. Iraq was not the first focus. It doesn't make sense to delay this any further.
9-10-2012 Newshound Guru Enorrste At one time we heard that up to 130 countries would revalue their currencies at the same time. For a short period I bought into this, until I thought it through. The simple fact is that many world currencies are already in a free floating mode. If they are already at equilibrium among themselves, how would a "world reset of currencies" improve things? The answer is that it would not improve things. Having said that, however, there are other currencies, such as the dinar, that are not free floating. Therefore it would not surprise me to see several currencies revalue at the same time. IMO, the Iraqi dinar will be held as a world reserve currency after the RV...it was expressed directly by Saleh himself...to make the dinar one of the strongest currencies in the world. They clearly have the resources, both in terms of reserves and in terms of underlying wealth, to achieve that goal, IMO. [post 2 of 3...stay tuned]
9-10-2012 Intel Guru American Contractor It is totally up to the Iraq government whether they will revalue their currency or Lop the currency. They do not have to revalue the Iraq dinar to pay for contracts as they pay their contracts in U.S. dollars. Being a cash driven country most transactions are done in U.S. dollars. The Iraq dinar is already a tradable currency within Iraq. You can exchange dinar at any Iraq bank for the major currencies of the world ie. usd, Australian, Euro etc. Providing that the Iraqi has coordinated the transactions with the CBI. However, most Iraqi’s and everyone in Iraq just exchange for U.S. dollars. Iraq does not have a “worthless” currency it is legal tender in Iraq only.
9-10-2012 Newshound Guru Breitling I've been talking about the conflict between the CBI, Maliki's guys and the Finance Committee. These guys can find anything that will hold it up, try to get more control. But, Shabibi has all of the cards, it's just a question of time.
9-10-2012 Newshound/Intel Guru BGG Article: "Criminal Court issued a death sentence against Hashemi and his chief" The bad news is – if anything will derail this thing at the last minute, it’s this Al-Hashemi conviction and sentencing. Maliki knows this, and he’s working his “poker buddies” over on the Federal Courts Bench. They might keep Al-Hashemi safe and while they give Maliki a little of his own medicine?? It is my personal opinion – Maliki just convicted himself. Of note – this will be a very big story for a while (It was on Fox News last nite!!). Also of note – Interpol won’t touch this stupid warrant due to it’s highly suspicious political “stench”…
9-10-2012 Newshound Guru Enorrste First, the staging rate is not a precursor to the RV. It IS the RV, after which the rate will rise on either a managed float or a free float until it reaches equilibrium. The CBI is on record that it will come out at "around a dollar." But it is also on record that it wants the value of the dinar to be at least what it was prior to Saddam' s regime, or $3.50. I have consistently held the view that Iraq is a sovereign country and that they alone are in control of the timing and the rate of the RV. I have never found any credible evidence to the contrary. I will say that Shabibi is in regular contact with the IMF, having worked for them 20 years ago, and he keeps them informed of his plans. I do not believe, though, that the IMF dictates to Shabibi in any way in terms of timing or the rate. [post 1 of 3...stay tuned]
9-10-2012 Newshound/Intel Guru BGG I find it most encouraging that our US delegation went from here to Iraq, then directly on to Germany to meet with Talibani. They are most interested in getting this moved on down the road.
9-10-2012 Newshound Guru Vic1 All tha Think Al-Heshemi will be brought to the gallows...FORGET ABOUT IT!!! He has Clout and is V/P of IRAQ!!! MUCH HIGHER Stand than MALIKI!! Also, He Will and can be PARDONED! IF NEED BE. The IMUNITY LAW is AVAIL, However, since Maliki is not seated his GOI Properly, HE is More in TROUBLE...remember he said on TV that he had files for 3 years! SHAME, SHAME...Guilty by association?
9-9-2012 Intel/Newshound Guru Poppy3 THEY CAN'T EMERGE FROM CHAPTER 7 UNLESS WE HAVE A RV...THEY MUST HAVE A INTERNATIONAL RECOGNIZED CURRENCY AND BECOME FULL MEMBER OF THE WTO.
9-9-2012 Newshound/Intel Guru BGG We are in grand shape right now. This thing is going good for us. Maliki may not be able to resist the urge to engage in world class "jack***ry" - in which case...he'll be gone soon. This is not an uncommon sentiment among the "informed."
9-9-2012 Intel/Newshound Guru Poppy3 ALL DIALOG YESTERDAY AND TODAY ABOUT MEETINGS AND RESULTS OF MEETING ALL SHOW JUST HOW MUCH WORK STILL HAS TO BE DONE TO PREPARE EACH ISSUE FOR COMPLETION UPON TALIBANI’S UPCOMING RETURN. I TRUELY THINK FINALIZING THINGS WHEN HE RETURNS WILL BE VERY FAST AND EVEN THOUGH THERE SOUND LIKE A LOT TO GET SETTLED MOST ARE MINOR COMPARED TO JUST A FEW WEEKS AGO.
9-9-2012 Newshound Guru SWFloridaGuy I believe a RV is coming but not due to numbers referenced in their budget. Iraq does not need to RV to open the budget.
9-9-2012 Newshound/Intel Guru BGG The pressure is getting turned back on Maliki. He has had since before Ramadan and up until now to get things done – and hasn’t (thus far). The people aren’t fooled and are getting pretty “amped up” over the whole “crisis mess”, which is just a pretty way to say Maliki still isn’t doing what he said he would.
9-9-2012 Intel Guru BWM the best thing I can say about ALL this is this...WE KNOW IT'S GOING TO HAPPEN FOR SURE...AND, I CAN'T RULE OUT THIS OCCURRING ANYTIME NOW...SO I CAN SAY THERE IS NOTHING TO BE DOWN ABOUT... JUST MORE TESTING OF OUR PATIENCE. 9-8-2012 Newshound Guru Kaperoni My facts come from CBI symposiums held in Iraq, as well as the SIGIR report issued just this last April where they stated the dinar was about to rise in value to just less than the USD. They did not say lop. The word redenomination is mis construed as a bad thing when in fact, that is what they are doing. By shear definition of changing from a larger currency to a smaller currency, that is a redenomination. That is not the issue. The issue is what is Iraq going to do with the old 3 zero notes? In this case, we believe they will honor at face value.
9-8-2012 Newshound Guru SWFloridaGuy What determines the value of a country's currency? Supply and demand determines the value. The value of a currency doesn't determine whether that country is rich or poor. That is determined by the national income, price index and GDP. Confidence that an economy is strong and the faith that strength will continue also factors in. A government's credibility plays a part as well and and their purchasing power demonstrates how it is comparative to others. The main thing we can learn from GDP numbers (if they are accurate), is the size of the economy and how an economy is performing.
9-8-2012 Intel Guru Dr. Todd The banks and certain groups related to banks are in Levels 1 and 2...Level 3 and the individuals that are involved there, I think theirs will be closer to 5, but something over 3.5. That’s probably. I think there is a high probability that it will be announced before the end of this month. I can’t see how it can hold past the middle of October at the latest.
9-8-2012 Intel Guru Bluwolf WE ARE THERE FOLKS...THE WHEN I DO NOT KNOW...IT IS THE WHY THAT I DO KNOW AND THAT WHY HAS BEEN ACCOMPLISHED.
9-8-2012 Newshound/Intel Guru BGG Maliki up to now has not compromised with anyone. Exxon & Shell has threatened to leave because they have not been paid. Talabani has everything he needs to remove Maliki. Talabani wants a National Conference for his country. He has put his retirement off for a year to get to this point and it has affected his health. His health is possibly in worse shape than they have lead on to be. They are talking about him returning about mid September. The number one thing that needs to be done for the currency to be revalued is the naming of the Ministers. They have got to get the power divided. Also needed is the HCL and Article 140. The Federal Courts Law and the Amnesty Law are also important laws that have to be passed. The strongest possibility of what could happen is Talabani comes back, if his health is good, they hold a couple of meetings and this could be over rather quickly. If he is unable to continue, Najafi will take over and this will go very well for us. I am very hopeful with what I've heard and seen that something is going to happen very soon.
9-8-2012 Intel/Newshound Guru Poppy3 Wednesday we had 3 different sets of dignitaries over there, everything stopped. Now they left and the meetings have resumed. The National Meeting should take place soon. 9-7-2012 Intel Guru TerryK we may see a release of info before this date but i doubt it...18/19 is the meeting in london. I'm hearing that the rate will be the primary discussion...once this has been finished it will go to the imf...in turn will pass this to the cb [central banks] of the world...once this hits the cb 's and they all say oki doki, then the banks will get it and it will be live, again treat this as rumor, this month may be our month. now im hearing two weird rates today and of course no one knows the rates, but I'm hearing again 8.16 and just over 5 bucks. sources...are all talking the same time frame - mid September.
9-7-2012 Newshound Guru Med RIGHT NOW IN AMERICA SOME BANK MANAGERS HAVE EXPRESSED KNOWLEDGE OF AN UPCOMING RV AND HAVE LEAKED THIS INFO OUT. I CANNOT GO INTO IT ANYMORE THAN THAT. THE BANK EXPLAINED THEY DO NOT HAVE ENOUGH MONEY TO HANDLE THE DINAR AND THAT ANY EXCHANGE WILL HAVE TO BE BY APPOINTMENT THEY CANT HANDLE A MAD RUSH. THIS WAS HUGE IF ALL ACCURATE. THIS WAS ALL EXPLAINED IN GREAT DETAIL. DO NOT LOOK AT ANY ACTION UNTIL AFTER THE LONDON SUMMIT WITH IRAQ'S CENTRAL BANK. I DO HAVE A ROUGHLY EXACT DATE, BUT YOU KNOW I WONT GIVE IT. THE BANK EXEC WHO LEAKED IT SAID IT WILL BE VERY COSTLY. THE INFRINCED DATE IS IN WEEKS NOT MONTHS.
9-7-2012 Intel/Newshound Guru Poppy3 I TOLD YOU TALKS WOULD RESUME AND THEY SHOULD GET BACK ON SCHEDULE AFTER OUR PEOPLE LEFT. THEY LEFT YESTERDAY, THINGS ARE MOVING FORWARD AND THE MEETINGS THAT WERE SUPPOSED TO TAKE PLACE LAST WEEK, ARE NOW BEING RESET FOR EARLY NEXT WEEK...THE MAJOR MEETING I TOLD YOU TO WATCH FOR ON OR ABOUT THE 11TH OR 12TH. THERE ARE OTHER MEETINGS BEING SET FOR NEXT WEEK AND TWO AT LEAST ARE ECONOMIC AND FINANCIAL MEETINGS. I AM GETTING MY EXCITEMENT BACK.
9-7-2012 Newshound Guru Administrator Bob Economic stall seems to be the focus of articles this week. Though I found the unannounced visit of 3 US congressional members rather interesting. al-Maliki seems to be the continued target for lack of progress and misbehavior. Is this all just a smoke screen before the Iraqi Banking Conference?
9-7-2012 Newshound/Intel Guru BGG Article: "Burhan Faraj: Talabani has the keys to solving the political crisis" More news pointing toward Talibani’s return as the “beginning of the end” for the drama in Iraq. My sources tell me Talibani has (and has had) everything he needs to have Maliki removed in very short order. Maliki is nearing the end of his “reign of terror”. He either “plays ball” – or “he’s toast”.
9-7-2012 Intel Guru BOBGETZ6 I know of things, which cannot be said, but what I know I believe to be true due to the source. Based on that, I feel as if we are close.
9-7-2012 Newshound Guru Med I WAS LOOKING AT THE TIMELINES GIVEN AND THE STATEMENTS FROM CBI AND OTHERS... IT COULD BE ALL BS AND SOME IS...I HAVE A REALLY GOOD FEELING ABOUT A MAJOR INCREASE IN THE DINAR THIS MONTH IT COULD BE NOTHING BUT I HAVE THIS SEPTEMBER RV ON MY MIND FROM THE MENTION OF SEPTEMBER AS BEING THE START.
9-7-2012 Intel Guru BWM we need to straighten up some issues with information coming out in relation to Iraq and specifically Talabani...Talabani has been back to Iraq. All the changes to this RV have been implemented from outside forces from Iraq. there was a plan...written and laid out...deviations were made from the plan for greed and necessity, probably in that order. IMF has final final final say...don't care what anyone says...it can't go without Legarde's blessing.
9-6-2012 Intel Guru Footforward Shabibi was on TV saying they messed up the currency & are reprinting the currency. They have a set of lower denoms already, they were printing another set with the Kurdish language on it but they are not waiting on that. So, why did Shabibi say that? Now that things are not going as they should, they had to have a explanation & blaming the printers was the safest thing to do. So, yes, Shabibi lied probably for the first time to the people. They are not waiting on Talabani. If they need him, he will come back in. The delegation over there was asked to come, they are helping out with some things. Everything out there says they are pushing for this to happen in September. The banks have been looking for this & some high level people are looking for this. I am still looking for a real high rate and still looking for something today in terms of an RV, so lets see how it plays out.
9-6-2012 Newshound/Intel Guru Randy Koonce there will be no RV on Sunday or Monday or Tuesday...the earliest time would be around Wed. or Thurs. of next week, if it happens. There is things starting to take place that gives me hope for the end of the week. Look for the announcement of the Ministers and the completion of the strategic council. Please...do not believe the 4 to 8 dollar rates and do not believe all the hype about the UN or IMF or anybody forcing Iraq to do anything...they are just about finished putting Maliki in a position to show all of this. Once people asked me how are they paying, If you read the articles this last week you will see that Exxon, Shell, have said if Iraq does not start paying then they were going to shut there operations down...this was such a great sign because it puts Maliki in a position that he cannot afford. I am feeling better than ever before this is coming to a close. We are on the last few days of this.
9-6-2012 Intel Guru Tony Been on calls all morning...it's all good info. In Iraq, the banks were closed on Monday, they were doing audits, accounting, opened on Tuesday, but wouldn't let people take money out, but on Wednesday they let people take money out. Something else happened at the banks, but I can't tell you what, but it was good...makes me think sooner rather than later. The Iraqi economy is being built right now. There is a U. S. delegation over there putting the final things on the agreements having to do with Iran, Syria, the sanctions. Iraq announced new procedures to stop counterfeiting. This was vital for the RV. Is the RV going to be today? I really don't know. Is it going to be this month? Yes, I still have to go with that. The banks, people in Washington, people on forex think it is going to be today.
9-6-2012 Newshound Guru Vic1 MANY VERY GOOD THINGS HAPPENING IN IRAQ! VERY IMPORTANT PEOPLE THERE DOING WHAT IS TO BE DONE TO PROTECT OUR LITTLE "BROTHER" FROM ALL SORTS OF NON-SENSE! WE WILL NOT LET ANYTHING HAPPEN TO IRAQ... CASE CLOSED! GITTING IT ALL FINISHED! ALOT OF PEN TO PAPER!!! YOU ALL KEEP YOUR EYE'S ON THE BALL! NO DOUBTS...NO FEAR!!! THE USA IS HERE!!! IN IRAQ...THAT IS !!! SO MUCH GOOD NEWS!!! GET YOUR PLANS IN ORDER!!!
9-6-2012 Newshound Guru Kaperoni There is still a struggle between the Council of Ministers and Maliki. The CBI will take action if the government continues to interfere. This is not going to be a smooth event but clearly the Central Bank is moving like a locomotive trying to get this done. We know from the Minister of Finance that the CBI is in charge of the monetary policy. There will probably be continued debate on the strategy and timing. According to articles and the SGIR report the plan did have a revaluation or an increase of the value of the IQD just below the USD which is $.86 or $.90. We don't know when, but with the Banking Conference coming we are getting closer.
9-6-2012 Intel Guru Jonnywg [via SweetQueen] SPOKE TO JONNYWG HE WAS HEADED TO ANOTHER LOCATION TO SEEK FURTHER TREATMENT, KEEP HIM IN YOUR PRAYERS NOT ONLY IS HIS VISION AN ISSUE BUT HAVING CARDIAC ISSUES AS WELL.
9-6-2012 Newshound Gurus Kaperoni & Enorrste The Banking Conference is to take place September 18th & 19th. Banking organizations are not going over there to talk about a worthless currency. How do you develop a world class financial industry in Iraq when you don't even have a currency that is not even worldly accepted. Shabibi is going to address an overview of Iraq's financial system "Mapping out the Road Ahead". This conference is significant in all aspects of what we need to know about where this dinar is going. This doesn't work without an RV. Looks like they are building up to something big, like changing the value of their currency.
9-6-2012 Intel Guru Blaino DR SHABIBI TOLD US THAT ALL THE NEW CURRENCY WAS A MISPRINT...REALLY? SO...WE ARE TO BELIEVE THAT NO ONE...NO ONE PROOFED THE FINAL DRAFT OF THE FINAL VERSION OF THE PLATES TO MAKE THE NEW CURRENCY????? REALLY? I THINK IN THE KUWAIT DEAL THE RUMOR THAT CIRCULATED WAS THAT THE KING HAD DIED...THE NEXT DAY THEY UNCHAINED THEIR CURRENCY...AND OF COURSE THE KING WAS NOT DEAD! THIS SOUNDS LIKE A SIMILAR RUSE TO ME.
9-6-2012 Newshound Guru Adam Montana there always has been and always will be a *chance* that we will break even or maybe even lose money. There is no guarantee here! There's also a chance that you can get hit by a bus today...you don't sit in your house because of that chance. You weigh the odds and make a choice - is it worth the risk to go to the store today? Personally, I think the odds are pretty good in our favor and the reward is so potentially great that I am willing to stick a few bucks on the line and wait it out for as long as it takes.
9-6-2012 Intel/Newshound Guru Poppy3 Historically, whenever we send a delegation over there, everything stops. Were they making progress, yes. Now we have slowed down the process if not stopped it. Is it deliberate, I don't know. They have adopted a policy saying we don't want any interference. IMO, Talabani will not come back as long as our delegation is there. Is there light at the end of the tunnel - Yes! They have made a lot of progress and this is just a small delay. I have info from a solid source saying they will have a National Conference on September 11th or at least announce the National Conference on that date.
9-6-2012 Newshound/Intel Guru BGG From 3 sources, our next date for Talabani to get back is September 10th or 11th. If Talabani is unable to return on the 10th or 11th, it is still all good for us. Maliki has always known that he can only delay this some, there has always been an end date. He either plays ball soon or they will move ahead to deal with him.
9-6-2012 Intel Guru Fresh all the central banks are gearing up for some sort of QE3 or stimulus that provides a lot of CASH into the markets and central banks...this move is scheduled for ANY time this month.. IMO - it could be QE3 or an RV...the markets are assuming $ is coming because it's run out and over bought on the currency side...so if the $ doesn't come we are going to see an ugly crash all over the world...it looks GREAT for something like an RV to come in and save the days...meaning other central banks, etc have already priced in the rv to their positions...they don't want to be on the wrong side of money moving when it happens essentially... my only guess besides QE3 is Iraq...[so where does that put the RATE?] anyone's guess...my gut is around a $1. 9-5-2012 Intel Guru Ray I was able to get an update on Talabani. He was scheduled to meet with Maliki in Baghdad on September 2. His health got bad and he flew back to Germany and is in the hospital again. He said he is going to try and come back to Iraq either September 10th or the 11th and meet with Maliki then and set a time for the National Conference. His doctors are warning against it. We will have to wait and see. I don't believe this will affect the RV either way. Shabibi is still working on this and it will be done. We will know for sure on September 15. My contacts will be watching for this announcement and will let me know right away. [part 3 of 3]
9-5-2012 Intel Guru Ray I was able to get an update on Talabani. He was scheduled to meet with Maliki in Baghdad on September 2. His health got bad and he flew back to Germany and is in the hospital again. He said he is going to try and come back to Iraq either September 10th or the 11th and meet with Maliki then and set a time for the National Conference. His doctors are warning against it. We will have to wait and see. I don't believe this will affect the RV either way. Shabibi is still working on this and it will be done. We will know for sure on September 15. My contacts will be watching for this announcement and will let me know right away. [part 3 of 3]
9-5-2012 Newshound Guru Adam Montana I'm not in a hurry to tell everyone that the RV is too far away... it seriously looks like we are at the end of the ride here. There are no visible roadblocks, we have to believe that Iraq wants to be wealthy again, and I see nothing to stop them at this time. If it's "last minute" details...GREAT! Tidy that stuff up and let's git-r-dun!
9-5-2012 Newshound Guru Doc The last false rumor is that bank screens matter. We have on several occasions educated many that the entire currency exchange system is networked together and once the button is pushed ALL points tied into that network will be updated simultaneously in a matter of milliseconds. As we were writing this we were tied into LIVE feeds for major stock and currency exchanges around the world. In fact these live feeds are as instantaneous as those at any financial institution. We report, you decide [post 2 of 2]
9-5-2012 Newshound Guru SWFloridaGuy My opinion is that whenever the CBI moves forward with their currency reform project, they will of course use this new currency they've been working on. They won't release the LDs until they raise the rate. The metal would be worth far more melted down than it would be at the current nominal value.
9-5-2012 Newshound Guru Mike What we are watching day by day is the banking system getting stronger and...they are getting stronger so that they can handle some sort of value to this currency. the Central Bank is moving along like the government is set - they are taking care of everything they need to get done so that they can be ready when this government is fully formed...quite interesting to see all of the things taking place in the banking system and I am very excited to see them knocking off the things on the list required by the IMF...this is going to...enhance their ability to control their currency and the value of their currency when the time comes.
9-5-2012 Newshound Guru Med WHAT IS TRANSPIRING RIGHT NOW AGAINST CBI IS PATHETIC. BLAMING HIM [SHABIBI] FOR BILLIONS MISSING CUZ OF AUCTIONS WHEN THE MINISTRIES UNDER MALIKI HAVE SQUANDERED TENS OF BILLIONS AND NOT DINAR BUT USD. I SAID...THE CLOSER...THE WORSE IT WILL GET. SHABIBI STATED BEFORE NO MEDIA LANGUAGE OR PRESSURE WILL CHANGE HIS MIND ON WHAT HE IS DOING. [something makes me think this is popping soon.] I SAT IN MY GARAGE THINKING THE SAME **** THING. I CANT PUT MY FINGER ON WHY...ALL THE RUSHING MEDIA BLASTS...EVERYTHING, YES.
9-5-2012 Intel Guru Ray Shabibi is now having a printing company in Germany and one in London reprint all the currency with the kurdish language on it too. All the banks in Iraq that have the misprinted dinar are in the process of destroying it now. Shabibi is meeting with Maliki, the finance committee of Parliament and Parliament early next week to discuss the RV. He told the media that an announcement will be made on TV September 15, giving the new date of the RV. He will then be leaving for the big financial conference in London on September 18 & 19. Also, after that meeting, Saleh will be meeting with the IMF in London and giving them the new RV rate. [part 2 of 3....stay tuned]
9-5-2012 Newshound Guru Doc There are several points of misinformation that need addressed. First the small notes and coins have NOT been issued. There is absolutely no reason to until currency reform has been enacted. Without currency reform the coins wouldn't even buy the paper wrapped around a piece of gum. Secondly Shabibi's statement concerning the dinar having the highest value in the ME was always in context of his ultimate goal out in the future. The context of initial rate has always been in the neighborhood of 1 to 1 which is a monumental feat in and of itself. [Post 1 of 2...stay tuned]
9-5-2012 Newshound Guru Adam Montana we are dealing with Iraq - King of Delays. They announced months ago that the new currency would be coming out in September - they were ADAMANT about it! Then they started retracting, and throwing out future dates... the question is "Why?" Were they not ready? Is the HCL too far off? Is there an unseen hurdle to Chapter 7? I can't answer any of those questions with an affirmative, because in my opinion they ARE ready, the HCL is NOT too far off...articles have been signaling to us that the HCL is nearing completion and has been nearing completion for some time now...and Chapter 7 should be a "rubber stamp" issue - it's ready to be done...so the answer, in my opinion, is simply this: ANY TIME NOW!
9-5-2012 Intel Guru Ray I know a lot of you were disappointed when September 1 came and went with no RV. I was too. I was able to get in touch with some of my contacts today and have the following information for you. Shabibi had a press conference and explained to all the people what happened. When the banks went to open the boxes to get the new dinar out and get ready to start exchanging for the old dinar, they discovered a printing error. The printer used the wrong art work and printed the currency without the kurdish language on the currency. The kurdish government came unglued when this was discovered. It only had English and Arabic on it and not the Kurdish language too. Shabibi tried to convince the Kurds to go ahead with this currency anyhow due to the cost of printing it and the cost of all the advertising that had been done already. They refused. [part 1 of 3....stay tuned]
9-5-2012 Newshound/Intel Guru BGG Article: "Maliki and Najafi agree to resolve named defense minister as soon as possible" Najafi and Maliki are drawing close to a solution on the Defense Ministry position – one of the most pivotal issues to this investment. Maliki thinking he has some control over Najafi is foolishness though – if Maliki keeps on with his antics Najafi will be the first one to pull the trigger. Bank on it.
9-5-2012 Newshound Guru Doc We sit here pretty much at the same point we've been in for several months. Yes, there does appear to be continued focus of the key issues like Ebril, HCl, etc. Published articles continue to highlight this fact. Simply put what we continue to need is resolution of these issues. Hopefully Parliament will act aggressively toward resolution and Maliki will play ball...until then we contend we will continue to look for our holy grail.
9-5-2012 Boots-on-the-Ground Guru WAR Here is the information that I received from the bank manager Ali, why the banks were closed unexpectedly. It seems there were some sort of bank software upgrade that was completed on their international banking system. The bank managers name is Ali, which is a common name here in Iraq and in no way shape or form is he related to this individual from Dinar trade who just so happens to have the same name. One last topic; two individuals from Obama administration arrived last night, part of the strategic framework team that you have been expecting and have been reading about. Due to security issues I can not divulge their names at this time.
9-5-2012 Newshound Guru Adam Montana Well, we're here! It's September 5 and this is the month that they said was going to be the big one! I've been looking and searching and hunting and I can't find ONE reason why they can't do this now...if they are truly going to POP this RV this month, they aren't going to announce it - it's just going to happen...one thing we know FOR SURE is that they need the new currency ready before they can launch an RV. There is NO WAY to make change, perform daily transactions, or maintain normal business if they don't have those lower denoms...so as soon as we see concrete evidence that the lower denoms are circulating...that's when it is happening - not a moment sooner.
9-5-2012 Newshound Guru Med I THINK RIGHT NOW, UNLESS I HAVE TOTALLY MISREAD IT ALL, WE ARE GETTING EXTREMELY CLOSE.
9-5-2012 Newshound/Intel Guru BGG my honest opinion – I am very optimistic. We’re getting close.
9-5-2012 Intel Guru Footforward Info is all over the place, misinformation, things are just crazy, even coming out of Iraq. Biden went to Iraq, not even for a full day...he was not wanted there & turned around and came back. There are some people there from the U. S., they have not delayed things. They are expecting something to happen very quickly. Good news on the Iraq front. Audits were done in the banks, they closed the banks at the last minute to make sure coins and lower denoms are not missing, they are keeping tight tabs on exactly what they have. That's why they had this bank holiday in Iraq. The information coming out of the banks on the American side of the pond is very, very, very optomistic, at a level I have never seen before. They're definitely looking for something to happen right away. I still expect the rate to be good, I expect it to be in the double digits. As far as a date, I expect something right away, as early as this week. Everything that needs to be in motion is in motion. I can't find any source that tells me this will be delayed.
9-4-2012 Intel Guru Tony There was a lot of good info over the weekend. There are people over there that are supposed to be over there...our people did arrive. A lot of movement of black vehicles. From 7 different sources, the coins and lower denoms are there and they came with directions. Some Chase & Fifth/Third Banks brought their people in on a holiday to do currency exchange training yesterday. Why would they do that? CBI & other banks were closed yesterday, without any warning they didn't open up. That is a big hint for somebody! I still think our numbers are going to be good numbers, not outrageous, anything over $3.50 is outrageous. I think now and between the middle of the month, anything can happen. I think it's a good day!!
9-4-2012 Boots-on-the-Ground Guru War This may or may not be of any significance but for some reason all the banks are closed today. Normally they give us some sort of heads-up, and post a sign on the door in advance, but for some reason this was not talked about or scheduled. I will know more on Wednesday, which is going to be, your Tuesday night because of the time difference. Hopefully this is the prelude to our blessed event.
9-4-2012 Intel Guru Gary Major changes going on over there in country. They are moving forward and a lot of things pointing in the direction of they are ready, they are done. That is exciting!! The banks are looking at it in the same anticipation as we are. I am expecting some more positive things going on this week, hopefully some announcements.
9-4-2012 Intel Guru Checkmate I see nothing negative except that it hasn't happened. The information that we have received that's going on in the banking institutions either overseas or here is what I have been looking for. I didn't say it was going to happen today, but I am hoping, I just don't see it yet.
9-4-2012 Intel Guru BWM it will happen and I don't see any reason it can't occur at this time from what I'm hearing. I definitely think the street rate will be under $7. 9-3-2012 Intel Guru Okie_Oil_Man LET ME CORRECT A MIS-CONCEPTION --THE RATE HAS TO BE PUBLISHED ON THE BANK SCREEN'S AND GIVEN A VALUE BEFORE IT IS POSTED ON A FORE-X SITE (OF WHICH ONLY BANK'S HAS THE PRIVY TOO AND NOT THE FREE SITE'S YOU HAVE AVAILABLE TO YOU ON THE INTERNET) THE BANK'S HAS A SUBSCRIPTION THAT IS THE BIBLE OF RATE'S NOT AVAILABLE TO THE PUBLIC FOR SEVERAL DAY'S. YOU TOTALLY WASTE YOUR TIME CHASING THE FORE-X SITES ON THE INTERNET BECAUSE OF THE LAG TIME BETWEEN ACTUAL POSTING ON THE BANK SCREEN'S AND AVAILABILITY ON THE INTERNET SITES.
9-3-2012 Newshound Guru Bondlady the economy and private sector has to be able to keep the rate the cbi wants to give it to make all these things happen or it’ll defeat its purpose but they were so slow to get what shabs told them needed to happen now there rushing in like blind mice to make mountains move and this is good, but they have to enact and pass all the laws that brings all this fortune about...it’s 1 thing to pass the laws and another to inact them, but without the census and the hcl they cant do it and finishing up art 140 as that requires moving people to different places hence changing the census results, so all these things are tied together to do one, imo you must do them all to make it work and thats where there at now.
9-3-2012 Newshound/Intel Guru BGG Article: "U.S. State: a planned visit to a number of ministry officials to Baghdad and there is progress in Iraq would emerge from Chapter VII" You ever notice how it always gets back to Iraq – either being presumptuous about removing CH 7 sanctions or begging to get out of CH 7. It always gets back to this place. Why?? Simple – they want no international constraints while they do as they please. Good luck. I doubt Ban-Ki Moon lets Iraq out of CH 7 while Maliki or President Obama is in power. I just don’t see it.
9-3-2012 Intel/Newshound Guru Poppy3 Well, it hasn't taken long since our deligation arrives in IRAQ FOR THINGS TO CHANGE. WELL THE DELAYS ARE NOW BEING ANNOUNCED. NOW IF AND WHEN T [Talabani] COMES BACK THINGS WILL NOT BE TOTALLY SOLVED. THE USA IS THERE STANDING IN THE WAY OF THEIR FURTHER PROGRESS. WE CAN'T officiallly hold things up but they can sure stir these people up and keep them arguing. SORRY FOR THE BAD NEWS. The decention has started. The chapter 7 is set to be automatically released upon the RV.
9-3-2012 Intel Guru Okie_Oil_Man [what if any role does Iraq have on the release of this event, rv?] none now--previously they had implications but signed the authority over to the B.I.S. Several months ago. [any indication of how long for details to be worked out?] VERY MINOR ISSUE'S BEING WORKED OUT TODAY. [What's your chances of the RV happening this week?] LOOKING GOOD PRESENTLY. [Based on...intel, do you feel this is really it this time?] YES [What makes this time different from the others when it was expected?] THE COMING TOGETHER OF ALL INTERESTED ENTITY'S AND AGREEMENTS SIGNED. [Do you still feel as though today will be our last day of "labor" as stated yesterday?] APPEARS POSSIBLE AND MOST PROBABLE.
9-3-2012 Newshound/Intel Guru BGG Article: "Allawi: We have prepared a plan to change the political map and an end to the situation “tragic” for the people" Very interesting piece!! Allawi points at a solution coming very soon…which I think is the plan, one way or the other. Either Maliki plays ball when Talibani returns from his recovery or he (Maliki) looks to be in very serious trouble.
9-3-2012 Newshound Guru SWFloridaGuy Shabibi did have one report years ago when he said the goal was to eventually return their currency to previous levels. He never once mentioned the mechanisms by which they will achieve that RV, RI, RD etc. I do believe a RV is what we will see. I am continually perplexed...seeing people...reference a 100,000% increase as a "Small RV." ...1 to 1 is nothing to scoff at imo. ...eventually I think Iraq will be able to...justify a high exchange rate. For Iraq to pull it off it's my belief they will change the peg. They've already made adjustments and none of them came close to 1 to 1 but we hope that will change. The hope is that a big change is on the way.
9-3-2012 Boots-On-The-Ground Guru WAR [New Guru] I have just returned from the bank of Baghdad, Governor Sinan Shabibi is in country as of Saturday he was seen on the Iraqi news here in Baghdad. I spoke with the bank manager Ali, “more like” I interrogated him; asking him questions about, various topics. He told me that they have not received the coins at this time and/or the lower denominations. He said that they are still at the CBI and have not been issued and not on the streets or in the hands of shopkeepers/venders, at this time. Also, Ali said that there are no shortage of dinar on the streets or US dollars. And last but not least Hillary Clinton did not arrive today as expected; it was one of her subordinates which I cannot name because of security concerns.
9-3-2012 Intel Guru Freeway Bill YES, this was suppose to happen JUNE 30, 2011 and was stopped! YES, it was on the back screens and never made it to the front at least half dozen times that I know of for sure. YES, IRAQ is out of the decision making process of this RV. So many things have had to be taken care of before this RV could happen and us be assured that our money would be safe. Nothing more, nothing less. Well many things have happened and we are going to see this RV>>>FOR SURE>>>ABSOLUTELY! WHEN? Could be this week, could take another month. According to many phone calls I got today, we are in great shape...The information that is available right now and what is happening right now is very good.
9-3-2012 Intel Guru Okie_Oil_Man THERE ARE CURRENTLY OVER 70 DIFFERENT PROGRAM'S WORLD WIDE THAT IS DUE TO BE FUNDED CLOSELY TO THE C/E [CURRENCY EXCHANGE] RELEASE--THE C/E AS I UNDERSTAND IT IS THE CATYLST FOR THE OTHER PROGRAMS TO FUND. 9-2-2012 HURRICANE ISAAC UPDATE .
Here at Dinar Guru Headquarters we're recovering from the Storm now...Power is out for over 250,000 homes...Many have been flooded. Thank you to all the members for your prayers and thoughts!!!!! :) I have not been able to access email for the past days but will get to them ASAP...we have been doing our best to keep the updates flowing...and will continue. All my kids and grand kids are ok...a little tired and frazzled but our homes appear to be ok. I'll keep you posted.
To stay connected make sure you are signed up in the Blue Box above...I'll send email updates if we run into any trouble here at headquarters...
9-2-2012 Intel Guru Blaino I see large international dollar movement, extra large iqd buys happening in the middle east, i (blaino) am very excited...we are holding at...alert level 5+.
9-2-2012 Intel Guru Okie_Oil_Man [Question: IYHO, would it be wise to hold some Dinar back in case it goes up in value.] LET ME REMIND YOU THAT THE MOST VOLANTILE PLACE IN THE WORLD IS THE MID EAST AND THIS C/E [CURRENCY EXCHANGE] COULD GO SOUTH JUST AS RAPIDLY AS IT REVALUES--DEPENDS ON WHETHER YOU WISH TO GAMBLE ON A SURE THING. IT'S AN ACCEPTABLE RATE AND A SUSTAINABLE REASONABLE RATE...VND IS QUESTIONABLE AS TO WHETHER IT IS IN THE SAME BASKET TO GO INITIALLY.
9-2-2012 Intel Guru BOBGETZ6 This is not rocket science, it is political and financial posturing and timing. We can do nothing about it but wait...I expeect nothing at least until early tomorrow morning at the earliest. YOU WILL KNOW JUST AS SOON AS WE FIND OUT!
9-2-2012 Newshound Guru Vic1 there is so much GOOD news...I will however help many understand if not defunk the "Talabani RIDDLE"! Talabani has always been in IRAQ'S land territory!!! He was in The semi-autonomous REGION of IRAQ Called KURDISTAN!!! Get it!!! So when they say he is Germany...YEA, ok! He is In IRAQ...again has never left...but is not in IRAQ... HE is in KURDISTAN!!! he will becoming to IRAQ...meaning BAGHDAD...is a Journalistic Twist!! Get it? Talabani is going to SHOW To KICK MALIKI'S BEHIND!!! You Think V/P JOSEPH BIDEN is on his way there to TALK TO MALIKI?
9-2-2012 Intel Guru Okie_Oil_Man THE RATE BEING GIVEN IS A REASONABLE RATE--NOT TOO HIGH--NOT TOO LOW. THE RATE GIVEN WILL BE COMPETITIVE WITH IRAQ'S SURROUNDING COUNTRIES SO AS TO NOT CAUSE AN ECONOMIC SHOCK TO THE COUNTRIES THAT DOES TRADE WITH IRAQ. IT APPEARS THAT THE ENTIRE WORLD CURRIENCIES MAY BE SIMPLY RE/VALUED WITHOUT ALL THE STIPULATIONS THAT WE HAVE UNDERSTOOD THAT MAY BE NECESSARY FOR US AS INDIVIDUAL INVESTOR'S TO HAVE TO FOLLOW. PRAYERFULLY LET'S KEEP THE CONFIDENCE OF THIS HAPPENING QUICKLY. TOMMOROW MAY JUST BE YOUR LAST "DAY OF LABOR". [post 2 of 2]
9-2-2012 Intel Guru Okie_Oil_Man ACCORDING TO REPORT'S FROM VERY CREDIBLE SOURCES THIS SHOULD BE A WEEK OF MONUMENTAL WORLD WIDE CONSEQUENCES REGARDING MANY DIFFERENT CURRIENCIES. THERE HAVE BEEN A VAST AMOUNT OF ACCOMPOLISHMENTS TOWARD THIS BEING THE CASE. I HAVE NEVER BEEN AS OPTIMISTIC IN 9 YEARS IN THE DINAR SAGA AS I AM TODAY. [post 1 of 2...stay tuned]
9-2-2012 Intel Guru BWM we are losing time on my "schedule" that I was told to look for...so no need to panic yet...I mean after all there are lottery winners. I don't care who calls the numbers.. I'm just glad I'm holding a ticket.
9-2-2012 Intel Guru TerryK HIGH ANTICIPATION THAT THE COINS ARE GOING TO HAVE VALUE WHEN THE BANK OPENS IN IRAQ, WHAT KIND OF VALUE THEY DID NOT SAY. I HOPE THIS COIN THING IS RIGHT, IM EXCITED. THE COINS ARE TO BE RELEASED WHEN THE BANK OPENS, WHICH IS 3 AM OUR TIME EAST COAST BUT TREAT IT AS RUMOR. IF THIS DOES GO DOWN...THEN WE HAVE TO WAIT TILL TUESDAY. ALOT CAN HAPPEN BETWEEN SUNDAY AND TUESDAY.
9-2-2012 Intel Guru BOBGETZ6 The information highway, has been very quiet the last few days. For those of you who have read sooooo much today, please just ignore much of what you have heard. I grow weary of some of the crazy information that is out there. When this is done...you will make appointments and have some nice deposits.
9-2-2012 Newshound/Intel Guru BGG Allawi is obviously frustrated – and there is always a slim chance this will deteriorate to the point Maliki gets ousted. There is the support for it. Talibani’s first line of defense is to fully allow the reforms process to mature, if this fails he will likely support the removal of Maliki. Maliki being over in Iran shows me he is in a world of hurt for some support. The US showing up Monday shows me they aren’t happy about him courting the “radicals”.
9-2-2012 Intel Guru Bluwolf NOTHING IS BAD JUST COMPLICATED. ALL IS FINE THERE ARE NO GLITCHES. [I know you can not tell the rate...but are we still expecting high or low?] VERY HIGH!! ABOUT THE ONLY THING THAT I CAN SAY IS THAT WE ARE CLOSE.
9-2-2012 Newshound/Intel Guru BGG it is entirely possible Talibani goes back to Iraq as early as this weekend. It appears he has had some trouble while he was over there – but he has some “hammer” in this process. Even his enemies are “lining up” to play ball. With the obvious exception of Maliki – of course. As I understand it – Maliki was over in Iran looking for support. This whole process will happen whether he wants it to or not and his visit over there was really a last ditch effort to make a friend – because right now, he doesn’t have one. Not one.
9-2-2012 Intel/Newshound Guru Poppy3 From a solid source, there was a run on dinar in Isreal to where they ran out of dinar. We understand that the same thing is happening inside Iraq, but can't confirm this.
9-2-2012 Newshound Guru SWFloridaGuy I liked the article...about Talabani possibly being in northern Iraq meeting with Barzani a few days ago. Right now that's something I'm holding onto hoping is true. That's such great news if true and we know that's the next step.
Read more: http://www.dinarguru.com/index.html#ixzz25ho3xntT
9-1-2012 Intel Guru Blaino "REVALUATION WARNING COMMENCING WEDNESDAY, SEPTEMBER 5, 2012 AT 12:01 AM (MIDNIGHT)!! THIS IS AN OFFICIAL...ANNOUNCEMENT REGARDING THE REVALUATION OF THE IRAQI CURRENCY, THE "IQD" OR "NEW IRAQI DINAR". THIS WARNING IS STEP TWO OF A THREE STEP PROCESS. A WARNING IS A TIME DURING WHICH "MOST" CONDITIONS ARE FAVORABLE FOR A REVALUATION TO OCCUR AND THAT OCCURANCE CANNOT BE RULED OUT BEYOND A REASONABLE DOUBT. THIS REVALUATION WARNING [IS] TO ALERT CITIZENS TO THE IMPENDING POSSIBILITY OF RAPID MOVEMENT GOING FORWARD AFTER WEDNESDAY, SEPTEMBER 5, 2012 AT 12:01 AM.
9-1-2012 Intel Guru TerryK COINS ARE OUT...JUST GOT CALL, BUT THEY ARE NOT ACTIVATED AS OF NOW. WHAT I WAS JUST TOLD, THE BANKS HAVE THEM WITH THE INSTRUCTIONS NOT TO RELEASE UNTIL SUNDAY, BUT TREAT THAT AS RUMOR, AND WE WILL NOT BE ABLE TO DO ANYTHING UNTIL TUESDAY WITH MONDAY BEING A HOLIDAY FOR US.
9-1-2012 Newshound/Intel Guru BGG Article: "KRG is ready to negotiate on the dispute over the oil law/POLITICS". The KRG [Kurdistan Region] and the Central Government advertising they are close to a deal on the HCL/140 issue is huge news. Whether it has been done for a while or they are just getting close now – matters not, they are talking about it openly. Big news. This has been dragging on since early in the Bush Administration. The fact that they are handling it on their own and calling it a good thing is an amazing shift in public opinion.
9-1-2012 Intel/Newshound Guru Poppy3 An article came out on the 29th stating that Talabani met with Barzani. I'm still not convinced this happened. As of this morning [Friday], he is not on the schedule to come in. Talabani has never moved about without notifying security. From a contact in Bagdad, the talk on the street is that they anticipate Talabini would come in next Wednesday or Thursday, he will meet with Barzani and if that goes good, he will call for a National Conference. All of the crisis will be settled at the National Conference. Agreements are being made almost daily now, everything is positive and in our favor. We are headed in the right direction. Between now and the 18th & 19th, I feel very confident that they will get a lot more accomplished and get this thing finished. [post 2 of 2]
9-1-2012 Newshound Guru Vic1 the Final signal will be given to BIS from SHABS!!! That is HIS MONEY, THE CBI's! He LENDS that money to the IRAQI Government! He/CBI is in a RELATIONSHIP with the GOI! The BILATERAL agreement that requires a third party NEUTRAL "ESCROW" TRUSTEE! That is the BIS! Otherwise he, Shab's, would be held for Insider trading! [What about the VND?] .15 to .34, if we get real lucky, .43cents!
9-1-2012 Newshound/Intel Guru BGG My sources tell me Talabani could show up as early as this weekend and then things could happen very quickly. I'm excited about this possibility, it's a pretty good likelihood. Other than an absolute RV, everything is fabulous, great, great news.
9-1-2012 Intel/Newshound Guru Poppy3 The Minister of Commerce is begging & demanding that Iraq become a full member of the WTO. We know that once they RV they will automatically become a full member. Shabibi is hosting the International Banking Conference in London on the 18th and 19th. It sure would be a feather in their cap to be a full member of the WTO in order to attract banks to bring business into Iraq. If they can RV before that it would make Dr. Shabibi and the Minister of Commerce's jobs a whole lot easier. This is good news. [post 1 of 2....stay tuned!!]
9-1-2012 Intel Guru Tony I don't believe the holdup is all about the banks. There were fraudulent things going on in the banking system. We know what was going on in Iran & Syria. I still think we are there. We know there were meetings in Parliament, votes taken, things were passed. Talabani is already back in Iraq, has been back, having meetings. He met with Barzani on Wednesday. Coins and lower denoms are in the markets and exchangers to be used after Sept. 1st. I think we are closer to it, than farther from it.
9-1-2012 Intel Guru American Contractor The Central Bank of Iraq (CBI) continues to be the subject of investigations by the Iraqi government. The project of introducing new Iraq currency continues to be suspended by the Iraq government. The New Iraq currency has not been printed. The CBI has not yet been authorized by the Iraqi government. It appears no conclusion has been determined and distributing the new Iraq currency may commence on or between 2014-2018. This is to coincide with the next upcoming elections in Iraq. Also, the electronic software systems intended for the banking industry in Iraq have not been implemented. The problem is the lack of training of the software to the banking managers and employees. The training may take up to two years before you see 100% active participation. There will not be any revaluation in the year 2012. [Oh, my...First Hurricane Isaac, now American Contractor ; ( ]
9-1-2012 Intel Guru Checkmate I probably sound like a broken record. Is the IQD still a good investment? It's an incredible opportunity, a once in a lifetime opportunity. Don't give up.
9-1-2012 Newshound Guru Med I WAS WAITING FOR SOME KIND OF RESPONSE FROM CBI ON ALL THESE ALLEGATIONS THAT THE STATE OF LAW HAS THROWN OUT AND IT HAPPENED. IT WAS SIMPLE. THEY ARE PREPARED TO BASICALLY DEFEND THEMSELVES IN PARLIAMENT. ALL THIS IS STALL TACTICS, NOT REALLY SURE WHY, THOUGH I AM SURE IT HAS TO DO WITH CORRUPTION.
Read more: http://www.dinarguru.com/index.html#ixzz25VvagPfv
8-31-2012 Intel/Newshound Guru Poppy3 RUMOR BUT FROM A GOOD SOURCE. GOT A REPORTED UPDATE LAST NIGHT THAT TALIBANI WILL COME IN WED, THURS OF NEXT WEEK. He will have private meeting the next day with Barzani and if all goes well in that meeting he will then call for National Meeting within the following week where all issues will be finalized. This will finally complete all things needed for the RV. This is from a friend who has a family member in Baghdad that says this is the talk on the streets there of what to expect thus the reason it is a rumor. Guys I must add this according to my SS friend Talabani has not scheduled any return flight yet and when he does they normally get alerted to his movement. I will update that if it changes.
8-31-2012 Newshound Guru Vic1 WE ARE IN A VERY IMPORTANT CROSSROADS. BELIEVE ME, I KNOW ALL THAT HAS HAPPEN AND WHAT IS TO HAPPEN. NO TELEX AND OR FAX TO COME IN ADVANCE! SHABIBI SAID, WITHOUT FANFARE, AND SPONTANEOUS, REMEMBER THAT!!! SHABIBI WILL GIVE THE THE SIGNAL TO B.I.S AND ALL THE FLOOD GATES WILL OPEN LIKE GANG BUSTERS!
8-31-2012 Intel Guru Bulldog75 IS THIS A COINCIDENCE WITH A FULL MOON TODAY/TONIGHT? AND IT BEING ON A 'FRIDAY'? AND A LONG LABOR DAY / THREE DAY WEEKEND? AND A PENDING RATE POST? WE WAIT AND SEE.
8-31-2012 Newshound Guru SWFloridaGuy Article: “Talabani: President Talabani and Barzani meets this afternoon in the province of Sulaymaniyah…” That's in northern Iraq and suggest that the President has now returned. We hope that is an accurate report and would bring us one step closer to a National Meeting. There are about 4 articles this morning all stressing the need to hold the National Meeting now. They all agree about the importance of holding one and that only Talabani's presence will pull it off. I do believe that's what we will see shortly.
8-31-2012 Intel/Newshound Guru Poppy3 THEY HAVE HAD A HCL LAW SINCE 2004 BUT THEY KNEW IT WASN’T COMPLETE AND NEEDED THE AMMENDMENTS SO THAT THE PROFIT EQUALITY AND SHARING COULD BE PUT INTO PLACE AND NOW THAT THEY ARE PUMPING OIL IN LARGE VOLUMES AGAIN PEOPLE WANT THEIR SHARE AND THE HCL LAW BEING AMMENDED IS THE ONLY WAY THEY WILL GET IT.
8-31-2012 Intel/Newshound Guru Poppy3 if they will just go ahead and RV the dinar I could care less how long they wait to bring out the new dinar with the three languages on it. RV WILL REMOVE THE USD FROM THE STREETS AND STOP INFLATION AND PAY FOR PLANES AND SHIPS ????? PROBLEM SOLVED.
8-31-2012 Newshound/Intel Guru BGG The main thing to note is that Barzani is reaching out on his own. Very odd considering the mood over the last week or two. This looks a lot like things are coming together in a big way.
8-31-2012 Intel Guru Footforward The chaos is really at a level that is unreal. It is outrageous what the excuses are. Do I believe the negative info, not at all, none of it makes any sense. They want to be a powerful country. You can’t do that if you don’t have a strong international currency. Shabibi has said that they will have the highest valued currency in the Middle East and the entire world. The dinar previously to being at the value it is now was $3.22, a strong value. Iraq has everything to back this. We are going to an asset backed currency. People say they can’t sustain a $3 or $4 rate, are you kidding me, or people say they have to slowly raise the value, I’m going to say “not”! That does them no good, doesn’t benefit them. Iraq isn’t in control, Iraq desperately wants out of Chapter 7. I am expecting double digits and because of all the chaos, I am expecting something to happen immediately. I believe we are looking for something to happen at any moment, at any time, immediately at a very high rate.
8-31-2012 Intel Guru Bluwolf THERE IS NOTHING TO SAY FOR ALL HAS BEEN SAID ALREADY. THERE HAS NOT BEEN ANY INFO FROM ANY SOURCE COMING IN TODAY. NOTHING NEGATIVE IN THE AIR. IT IS A GOOD SIGN, FOR THIS BLESSING WILL SIMPLY APPEAR AS A THIEF IN THE SILENCE OF THE NIGHT. TIME IS GOTTEN SHORT, WHAT NEEDS TO BE DONE, MUST BE DONE PROMPTLY. THE TIME TO RECIEVE IS NEAR. ALL IS GOOD. WHEN WE GET THE WORD, WE WILL SHARE IT WITH ALL OF YOU. WE ARE JUST WAITING ON THE CALL. ALL IS NEAR AND IT WILL APPEAR ASN.
8-30-2012 Newshound Guru Kaperoni In recent days we have seen numerous articles from the CBI about how “all preparations are done” and that they want to the GOI and Council of Ministers to come onboard and support the CBIs plan. We are starting the see the tremendous burden on Dr. Shabibi to take the dinar to an “international” level. That without his monetary reform, there is no WTO, no free market economy and limited economic improvement… the CBI is ready...In fact they say…”ready to begin”…we see the crossroads Iraq is at, the significance of the currency reform and the reason for the aggressive timeframe. We are very close.
8-30-2012 Intel Guru TerryK I HAVE SOME NEWS BUT I CANT TELL YOU ALL. GO FIGURE. ITS GOOD NEWS AND WE WILL BE BLESSED SOONER THAN YOU ALL KNOW. I WILL SAY THAT. I DONT HAVE A RATE BUT I HAVE A DATE. ...I HAVE BEEN SAYING SINCE LAST MONTH...ANY TIME BETWEEN THE 23 AND THE 1ST. I LIKE THAT DATE…THAT WOULD ONLY MAKE SENSE WHEN THE [IRAQI] COINS COME OUT. WHY WOULD YOU HAVE COINS IF THE DINAR WAS NOT WORTH ANYTHING?
8-30-2012 Intel Guru Bluwolf Thou everything is air tight (which is good) no negative news about any holdups have been given...we are in a good position and on track.
8-30-2012 Newshound Guru Vic1 MR. BAN KI MOON DROPPED SOME HEAVY VERBAGE DOWN ON THE TOP BRASS OF IRAN!!! WHAT THE NAM MEETING WAS SUPPOSE TO BE BACK-FIRED! IRAN, HAS BEEN EMBARASSED AND NOW THE JIG IS,UP!!! IRAQ IS REAL, THE CURRENCY IS REAL AND THEIR GOLD IS REAL, THE OIL IS REAL…THE COUNTRY IS BEYOND THE REALM OF NORMAL WEALTH!!! IN MY HONEST AND HUMBLE OPINION, WE ARE IN A POSITION NEVER SEEN BEFORE IN THIS "PARTICULAR CURRENCY" .
8-30-2012 Newshound Guru Adam Montana It's been known and established for quite some time now that there is a plan to re-evaluate. Along with a re-evaluation comes a need to redenominate - with a higher valued currency must come lower denominations in order to continue physical cash transactions.
8-30-2012 Intel Guru Checkmate the level of this confirmation of things we're hearing today are kind of INTERESTING... I won't go into detail but to say we know the banks have been saying things for a long time and now we are hearing it from different parties and entities that are verifying it...there is a lot of movement in the last 24 hours...of things we would see if we were moving forward...I'll leave it at that...we have heard this level of stuff before all to wake up 3 or 4 days later and no one is talking...so it is a little different tonight...some of the places we are hearing are interesting.
8-30-2012 Intel Guru BOBGETZ6 With the news of the coins being ready to be distributed, but on hold, the first of the month looming, I know something big is about to happen. There is much, or so I have heard, going on in the background as well as a lot of money moving around. China and other countries have purchased enormous inordinate amounts of gold over the last month or so. I believe we are in for a big change and my gut feeling is how could it not be now? This is not a prophecy of a date, just a well thought out view of my own.
8-30-2012 Intel Guru Tony The coins have been given to the merchants but are not to be used until after the 1st of September. There are still requirements that need to be met. There are meetings of Parliament, votes being taken, announcements to be made during the rest of the week…this is what my sources are saying. We have our dignitaries over there as well as dignitaries from other countries and they are not there to sightsee. My understanding there was a huge problem that was holding this up and it was resolved. There are things happening to conclude this. We are in a very good place.
8-30-2012 Intel Guru Gary We do know that the coins are being disbursed. It’s important to understand that at the level of the IQD at this time, the coins are pretty much useless. We also know that people are receiving in the mail smaller bills as they purchase IQD.
8-30-2012 Intel Guru Checkmate This has been ready for many, many months. Someone is holding it up and what is the reason? In this holdup, we have seen some banks getting weaker, who benefits from this, who wanted this to happen? The IQD is ready to revalue. 8-29-2012 Newshound Guru Adam Montana the CBI is not "struggling" to maintain the rate on the dinar. They say it is 1170 - that's what it is, end of story…they say they want to raise it to 1166 - BOOM, done. No struggles at all and if they say they want to raise it to 100, 10, or 1 - then that's what they do. Don't get me wrong here - if they decide to raise it immediately to 1:1, it will be more complicated than moving it small amounts at a time, or even marginally large amounts at a time - but it can be done! My point is that they don't "struggle" to maintain the current value. They have a very strong hold on the rate, and I see no reason to worry about their ability to peg it at whatever rate they choose.
8-29-2012 Intel/Newshound Guru Poppy3 WE SHOULD HEAR SOME GREAT NEWS THURSDAY ABOUT THE LAWS PASSING THE FINAL READING AND POSSIBLY BEING IMPLIMENTED, ERBIL AND 140 ON THE AGENDA SOON ALSO. MAJOR MEETING TOMORROW IN PARLIAMENT MINISTERS ARE TO BE ON THE AGENDA ALSO IN THE COMING DAYS I THINK NEXT MONDAY. I RECEIVED NO NEWS ON TALIBANI'S RETURN. I STILL DON'T THINK HE WILL RETURN UNTIL ALL THESE OTHER ISSUES ARE AGREED ON AND READY TO IMPLEMENT. IF YOU HAVE NOTICED SEVERAL LEADERS HAVE SAID OVER AND OVER THEY WILL COMPLETE EVERY ISSUE AT THE NATIONAL MEETING.
8-29-2012 Newshound Guru SWFloridaGuy Although some foreign countries who are WTO members do use the USD as their primary currency, I don't believe that is the plan for Iraq. Iraq's goal is for their primary currency to be the IQD and eventually dedollarize. We also believe this is an obligatory stipulation for accession where they are concerned. It's my opinion that Iraq will not be given full membership until they raise the exchange rate on the IQD and it becomes a more recognizable and internationally traded currency.
8-29-2012 Newshound Guru Adam Montana The one thing that is NOT making any waves recently is Chapter 7. It seems that they are intentionally ignoring it at the moment…I know that if they get the banking in order, and get HCL resolved in whatever manner necessary, it will be a SIMPLE task to get Chapter 7 completely lifted. So, the only thing left is to watch those few items, and the only question is..."When?!" I'm still not going to give a date, but I don't have anything to say that would be discouraging. I'm pretty tired of the word "soon", so I won't use that word. But the bottom line is I simply don't see much resistance anymore! I see no reason they can't or won't shortly announce that any of the key items (HCL, Chapter 7, etc) are DONE and when that happens it won't be long until we are at the bank! [post 2 of 2]
8-29-2012 Newshound Guru Mike I love these articles that shout out that we are in this process…let the process take place...if you look at these articles that tell us something is going on with this currency - people who deal in this stuff are interested in it...thats exciting...thats very exciting. The Central Bank has never taken a step back...not once...they keep doing what they are doing other than adjusting their plan as they go…they are always constantly thinking which leaves me to believe they know exactly what they are doing and they are moving forward and if we are just patient it is going to happen.
8-29-2012 Intel Guru Footforward Yes, we were very close on Sunday. I have a source that is involved in the distribution of coins and lower denoms and they were set up for the exchange of coins and dinar for U. S. dollars on a one to one exchange. This does not mean this will be the rate, the rate will be phenomenal. There is a difference in what they are exchanging at and what the rate will be. My take on the reason for the RV being held up is it is a security concern or the people trying to push it through pulled it back for some reason. The coins are not out yet. It doesn’t make any sense to have the coins out before an RV. They are ready and have them in the banks, ready for when it RV’s. Iraq has been given a blank check to spend on their infrastructure, this is confirmed. If there wasn’t an RV in the near future, the people lending the money would not be doing a deal like this. This is very good news and confirmed several times over. I do believe we are close.
8-29-2012 Newshound Guru Adam Montana It is now a couple Wednesdays since Ramadan wrapped up and a lot of people are wondering what is going on and "where we are"… we are seeing a BUNCH of news in a possibly unexpected arena...BANKING. The GOI is making very subtle but very STRONG moves to implement banking and maintain control of exactly which Iraqi banks are able to expand to outside of Iraq and which foreign banks are able to come INTO Iraq. These are VERY GOOD for us! In order for the Iraqi Dinar to become quickly tradeable as a world currency (at a higher rate of course!), we need to have sophisticated and efficient banking and communications systems in place. EVERYTHING - that I'm seeing regarding banking laws progress, attitudes, etc... it is ALL positive and lends to a globally traded, higher valued Dinar and finally, there is movement on the HCL…it appears they are attacking this subject yet again, and the news is positive. [post 1 of 2…..stay tuned]
8-29-2012 Newshound/Intel Guru BGG Article: "Iraqi Council of Representatives resumes its sessions." This may be the best news so far for the last few days – lots of action in the Parliament. They are getting some fairly important legislation in place and passed. These are some of the things we needed to see to fully “seal the deal." I expect Talabani back well inside the “10 day window” and secondly…it appears there is talk about a pre-meeting with Barzani (which needs to happen).
8-29-2012 Newshound Guru Mailman17 THE 18TH OF SEPT IRAQ GOES TO A WORLDWIDE MEETING REGARDING THEIR INTERESTS...MAINLY INFRASTRUCTURE IN LONDON. IMO, THEY WILL NOT GO EMPTY HANDED. THEY WILL BRING A STABLE GOVT THAT INVESTORS ARE LOOKING FOR AND A TRADEABLE CURRENCY. INVESTMENT IN IRAQ WILL BE THE MAIN TOPIC AND SHABS WON’T GO THERE WITHOUT SOMETHING TO PUT ON THE PLATTER. ADD TO THAT THE MAIN 4 LAWS PARLIAMENT IS ON SCHEDULE TO ADOPT. THINGS ARE MOVING REAL FAST REAL FAST. IMO SEPT WILL BE A GOOD MONTH.
8-29-2012 Intel Guru Bluwolf PLEASE NOTE THAT THERE IS NO NEGATIVE INFO TILL THIS POINT OF TIME. ALL IS AS EXPECTED AND WE ARE TO BE NOTIFIED AS SOON AS THE INFORMATION FROM THE BANKS PERMITS…BEFORE THE COINS COME OUT THERE SHOULD BE A INTERNATIONAL RELEASE…THEY NEED A CURRENCY WITH VALUE FIRST…THEY NEVER STARTED THE FLOW OF THE MONEYS, MALIKI NEVER GAVE THE ORDER TO DO SO, THEY STILL WAIT…ALL AT ONCE WILL BE THE INTERNATIONAL RELEASE.
8-28-2012 Newshound Guru Kaperoni Iraq is lining everything up to invite banks and investors and participants to come into Iraq and when you see all of this line up you can clearly see that we are getting closer to the point in which they will hopefully take their currency on an international level and give it some value. This is all focused on what we believe to be the month of September.
8-28-2012 Newshound Guru SWFloridaGuy The HCL dispute is over 4 paragraphs (out of 54) in the legal clause between the federal government and the Kurdistan region that have to do with ownership and management. There are a few drafts of the oil and gas law. Last year the GOI ratified the HCL draft and submitted it to Parliament. The GOI introduced some amendments which were then reviewed by the Energy Committee. The Commission on oil and energy decided the draft law of oil and gas had constitutional violations and moved to amend the bill to reach a suitable formula that would be agreed upon between the political blocs. The NA objected and postponed it until now. Supposedly, the GOI has currently made passing the HCL and General Amnesty a top priority and for all we know it may be worked into the new reform package. This very important law is currently being addressed but still heavily debated.
8-28-2012 Intel Guru Tony From high level people in Iraq, coins released but can't be used until after September 1st. Does not mean it will RV at that time. I believe the final steps are being done now. I expect some announcements from Iraq on Thursday.
8-28-2012 Newshound/Intel Guru BGG Article: "Talabani returns from Germany within ten days" I think 10 days is a little on the “outside” for a window to look for Talibani’s return. In fact, we’re a little overdue right now. Anytime is possible. As have been saying – I would look for some of these important pieces of legislation to get handled this week, for more good news about everyone getting along and then Talibani coming back later this week – thru early next week sometime. JMHO
8-28-2012 Newshound Guru SWFloridaGuy Great article from DMCC today. They are the leading commodity and currency derivatives exchange in the ME, with electronic trading accessible from anywhere in the world. They said the IQD has attracted their attention and they are looking forward to the inclusion of the IQD (along with other currencies) into the global commodities exchange market. The IQD must be a convertible currency. This article of course does not reference the mechanisms by which they will achieve this but the fact that the IQD is on their radar as a currency that will add more "volume and value" in trades is an encouraging sign.
8-28-2012 Newshound Guru Med CBI WOULD NOT LAUNCH A NEW CURRENCY IN THE MIDDLE OF A BUDGET. IT DOES NOT EVEN MAKE SENSE. YOU PASS A BUDGET BASED ON A NEW RATE, THEN DONT PUT IT OUT FOR 7 MONTHS. THINGS ARE GOING TO BE A GO SOON.
8-28-2012 Intel Guru FreewayBill WELL, I COME BEARING SOME GOOD NEWS! HIGH OFFICIALS FROM U.S. IN IRAQ AND THEY ARE NOT THERE FOR DINNER! YOUR COMMANDER AND CHIEF IS JOCKEYING FOR HOLDING THIS UP FOR THE RIGHT MOMENT. CAN HE? YES, BUT ONLY FOR THE MOMENT. THE MEETINGS GOING ON NOW IN IRAQ IS NOT [TO] DECIDE IF, BUT WHEN IT WILL BE OFFICIAL. WE ARE, INDEED, REALLY CLOSE TO THE END.
8-28-2012 Newshound/Intel Guru BGG Article: "Iraq: Minister Quits Over Maliki’s Meddling" The Minister of Communication (a relative of Allawi) has resigned due to Maliki’s constant barrage on the media outlets over there. If they don’t follow thru with the NM – it will be just one more nail in his coffin…more pressure. 8-27-2012 Intel Guru Hammerman Everything in Iraq is positive. The civil unrest, Iran & Syria & issues with Maliki should not affect us. There are some of the new coins in circulation in Iraq, I'm not saying fully, I'm saying some, not total. Got calls Sunday saying there was some kind of rate change in Iraq, cannot find any confirmation of anyone cashing in. The rate was $1.86. They are telling me they are not handing any money out yet. The reports of a high rate over there could be true. The timing is right where we should be. I have solid info that they tried twice to RV, once around the last week of July and again around Aug. 11th, this I can confirm. They have not attempted since then. They did run some system tests, it was not real last night. At this point the earliest you might see it is Thursday. They had over 1,000 minor issues worldwide. The smaller countries are where the technical issues were. Remember, China hired 200 of the best IT people working on this. My projection is between now and the 15th. They definitely want this done before the Economic Summit in London on the 18th and 19th, a little birdie told me by the 12th. Could it happen before then, yes!
8-27-2012 Newshound Guru Kaperoni Monday is here and we are starting to see Iraq gearing up for a final push to a free market economy and political stability. Ramadan is over, Parliament's 21 day break is done and Talabani, Biden are on the way to Iraq.
8-27-2012 Intel Guru Ghost [OkieOilMan site] ACCORDING TO LATEST REPORTS, LAST NIGHTS POST WAS A FEW HOURS AHEAD OF THE CLOCK--OKIE HAS BEEN KNOWN PREVIOUSLY ABOUT BEING AHEAD OF THE CURVE--THINGS ARE STILL UNDER CONTROL AND IMMENENT. OKIE IS PRESENTLY CONFIRMING NEWLY ACQUIRED INTEL--WILL REPORT WHEN APPLICABLE.
8-27-2012 Intel Guru BOBGETZ6 As far as I have been informed, there are some things going on behind the scenes which might have a big bearing on our dinar...if what I am hearing is true, it is good, just can't share.
8-27-2012 Newshound Guru SWFloridaGuy There was a great report today that said the meeting between the Prime Minister and the Speaker was fruitful and stressed the need to name the Interior and Defense Ministers in the "Next few days." That is excellent news. Parliament is also reconvening tomorrow to vote on pending laws and there is still talk of an upcoming National Meeting. None of this says Iraq will revalue their currency but the CBI has told us that GOI stability (power-sharing govt., necessary financial laws etc.), is essential for them to move forward with their economic reforms. When I look at the general progress Iraq is making right now, I can't help but feel encouraged. Reform rather than further disunion is certainly preferable and while the GOI displaying congruity is a great sign, we still need to see the follow-through. I do believe that is exactly what we will see this in the near future.
8-27-2012 Intel Guru Bulldog75 I JUST HAD A LENGTHY CONVERSATION WITH OKIE. HIS SOURCES STATED THAT THE 'CE' [CURRENCY EXCHANGE] WAS TO OCCUR AT 2AM THIS MORNING. THREE MINUTES BEFORE 2AM CST, THERE WAS A HOLD PLACED ON THE 'RATE POST RELEASE'. OKIE'S POST LAST NIGHT WAS ABSOLUTELY ACCURATE UP TO THE MINUTES PRIOR TO THE HOLD. THE HOLD WAS NOT ANTICIPATED BY ANYONE. THIS IS FURTHER EVIDENCE THAT ONLY MINUTES CAN CHANGE THE ENTIRE SCENARIO. OKIE IS PRESENTLY WORKING ON HOW LONG THE PROJECTED HOLD WILL BE IN EFFECT. OKIE IS STILL VERY OPTIMISTIC ABOUT THE EMMINENCE OF THIS OCCURING.
8-27-2012 Intel Guru Bluwolf THIS IS OVER AND DONE WITH, IT IS THE CLAIMING AND DECLARING THAT WILL GET IT DONE. ALL I WILL SAY THAT IT IS SO CLOSE THAT YOU CAN FEEL THE BREEZE.
8-26-2012 Intel Guru Blaino Maliki and Shabibi are all over the news there, we are seeing the coins on tv...The coins are being used in the market place in some of this FOOTAGE...the coins are "worthless" as things now STAND...So why bother???? Think there is something afoot in that REGARD AND Why would you do that with a real long lead time? Also, we have additional footage of the usd ($100's) coming in off the street and tellers changing the 25k notes for 10's and 5'S...in the pictures you can see bundles of 25k and others on the teller side of the GLASS...Stacked feet HIGH...Literally hundreds of millions of iqd at one teller WINDOW. I have contacts that have claimed to have received between 4 and 5, also i was told $4.53 by 2 different sources that "ought" to KNOW... I wish i could get some hard numbers and a lil more backup on some of this stuff! We "must" be near the end THOUGH...
8-26-2012 Intel Guru Okie_Oil_Man [Via Ghost] OKIE JUST TOLD ME HE EXPECTED TO BE UP ALL NIGHT TONIGHT---HE WOULDN'T COMMENT FURTHER. I NAILED OKIE'S FEET TO THE FLOOR ON HIS COMMENT ABOUT WHAT HE CONSIDERED SOON---MONTHS?---DAY'S?---HE SAID----NO!!!----HOUR'S. WORLD WIDE ANNOUNCEMENTS FORTHCOMING AND IMMENENT.
8-26-2012 Intel Guru Okie_Oil_Man THIS HAS BEEN THE VERY BEST DAY IN THE DINAR WORLD SINCE INCEPTION. I AM FULLY EXPECTING THE FINAL POST TO BE MADE SOON. (CAN'T DEFINE --SOON--YOU WORK ON THAT ONE).
8-26-2012 Newshound Guru Mailman17 THE 2013 BUDGET WITH 13% ALLOCATED TO THE KURDS HAS NOT BROUGHT MUCH NEGATIVITY FROM THE KURDS. THE NUMBERS ARE FINALLY ADJUSTING THEMSELVES TO WHERE ALL INVOLVED ARE SATISFIED, NOT HAPPY, JUST SATISFIED FOR NOW. FOLLOW SHABS, THE GOI WILL WEED OUT THEIR PROBLEMS IN TIME OR AT LEAST TO WHERE SHABS IS SATISFIED WITH THE WAY IRAQ IS HEADED. I JUST LIKE WHATS GOING DOWN. [IT'S] CLOSER THAN ANYONE REALIZES, IMO. [post 2 of 2]
8-26-2012 Newshound Guru Med SOME SERIOUS MOVEMENT IS HAPPENING AND A SHIFT. LIKE SHABIBI SAID THIS COULD BE LIKE A POLITICAL WHIRLWIND IT COULD END UP SOME SWEEPING REFORMS BOTH ON THE POLITICAL AND THE ECONOMIC SIDE... I WAS WATCHING AND LOOKING FOR A SWING IN POSITIONS OR MOMENTUM AND IT SEEMS TO BE HAPPENING. I THINK YOU WILL SEE SOME TOP STATE OF LAW OFFICIALS BEING THROWN UNDER THE BUS ALSO NOW WE HAVE ALLEGATIONS THAT MALIKI HAD STOLEN 512 MILLION.
8-26-2012 Newshound Guru Mailman17 THE KEY FOR ME IS NUJAFI AND MALIKI PLAYING HOPSCOTCH TOGETHER AND THEN ADD MUTLAQ HE DRAWS THE LINES WITH CHALK, BUT MAKE NO MISTAKE, IMVHO, THE NO VOTE IS STILL ON THE BACKGROUND BEING USED AS A ACE...TO SEE THE NA DISTANCE THEMSELVES FROM MALIKI IS ALSO A PLUS. [post 1 of 2....stay tuned]
8-26-2012 Newshound/Intel Guru BGG It appears Talibani is letting everyone know he is ready, willing and able to show up – IF THEY ARE. That is the key. If they agree to a National Meeting – he’s coming back. If not – we wait a while – yet.
8-26-2012 Newshound Guru Doc A second article stated "MP for the coalition of state law were part of the National Alliance, Ibrahim al-Rikabi, said the meeting, which will be held tomorrow between Prime Minister Nuri al-Maliki and parliament speaker Osama Nujaifi would be to determine the names of the security ministries interior and defense." Again if this pans out then it will go a long way to help stabilize the GOI by fully seating all critical positions. We know Shabibi has in the past and recently stated he needs to see stability before any reform will happen. We view this as positive and are only hopeful that the parties involved will deliver this time. If so we get very excited. We report, you decide. [post 2 of 2]
8-26-2012 Newshound Guru SWFloridaGuy [Article] Breaking News: Maliki and Nujaifi's meeting ends. The meeting was fruitful, where most of the outstanding issues were agreed on, and Maliki and Nujaifi will make an press statements to the media.
8-26-2012 Newshound Guru Med THINGS SEEM TO BE REALLY SHAKIN IN IRAQ...LOOKS LIKE SOME OF MALIKI'S ADVISORS MAY BE LYING UNDER THE BUS -- THINGS, GANG SEEM ABOUT READY TO POP FOR SOME ODD REASON.
8-26-2012 Newshound Guru 8Ball Waiting on: Talibani to call the Nationnal Convention, Parliament to pass the new monetary policy, HCL LAW passing, Security ministers, Formation of the GOI and the "WHIRLWIND". Fasten your seat belts here comes SEPTEMBERS Harvest. [post 2 of 2]
8-26-2012 Newshound/Intel Guru BGG Maliki & Nujaifi are meeting on Sunday. If Maliki does not do what he is supposed to than Nujaifi is the trigger man. They are to talk about the last ministers and the state of the reform package. Talabani has been in at least one time already. Things are not always as portrayed in the media. He hasn't told anybody because he didn't want to be under pressure to hold the National Conference & have it fail prematurely. It's been leaked that the President of the U. S. is going there. Why would he go there in the middle of the election cycle? Something has to be going down to cause him to believe it's valuable for him to be there? He has to know that something monumental is going to take place & I don't think it's for Syria or for world peace. The CBI is again talking about replacing the currency and raising the value. We have been getting great news for the last 2 weeks. We are in a really good position.
8-26-2012 Newshound Guru Doc There are a couple of articles that we found very encouraging that issued late this week. They both addressed what we continue to contend are key issues before currency reform will occur. A quote from the first article stated "MP Mustafa further added that an important law drafting, which is concerned with oil and natural gas, should take place under the participation of UN to wipe out all the previous disputes between the Kurdistan Regional Government and the Central Government." What we find encouraging is there appears to be a seriousness to address the Ebril issues to the point of "mediation" by the UN. If this pans out we are hopeful resolution will come quickly. [post 1 of 2...stay tuned]
8-26-2012 Intel/Newshound Guru Poppy3 We are waiting on the National Conference and for Talabini to return. We did get confirmation that the small denoms and coins were being shown on TV and that it was coming. Also, from 3 different sources, something major is to take place on Sunday [today] but don't know what or why, but it is supposed to affect what we are looking for. There is also the probability that on Sept. 18 & 19 when Shabibi will be holding the Banking Meeting that the National Conference for Iraq will be going on at the same time & that's when the RV will hit...this has not been confirmed, just a good rumor for now. Either way, it's just a matter of time.
8-26-2012 Newshound Guru 8Ball Iraqi Parliament reconvenes on Tuesday. That meeting, in Parliament with the CBI is within line of sight. CBI Governor will be in Parliament (trigger man). UN is looking after the HCL law. Maliki is working on the security ministers tomorrow (The political man). Talibani will be returning to Iraq after surgery on his knee (Following the Doctors orders :) ). Expect this week for Talibani to call the date for the National Convention. [post 1 of 2...stay tuned]
8-26-2012 Newshound Guru SWFloridaGuy The CBI has already told us that they will make their move with the National Economic Project (whatever that may be), once the GOI ends the crisis by forming a power-sharing government where the necessary Interior and Defense Ministries have been appointed. I think there is an excellent chance that things have finally turned in our favor and we may see evidence of this shortly. These are just my opinions, which may or may not be correct. [Post 3 of 3]
8-26-2012 Newshound/Intel Guru BGG If they were showing the currency on IQ TV as we have been told and the POTUS is headed over there... "how do you spell relief"? IQD RV!!
8-26-2012 Newshound Guru Vic1 THEY HAVE CAUGHT MALIKI IN THE MIX! IRAQ...HIGH RANKING OFFICIALS...LAUNDERING MONIES, DINARS...COUNTERFEITED BY MAFIA'S. SHABIBI NEEDING SECURITY! SO THEN BINGO! THE N.A.M., MEETINGS IN TEHRAN! WE HAVE HEARD TOP, TOP, TOP AMERICAN OFFICIALS GOING TO BAGHDAD! WHY? YOU HAVE SYRIA, POSSIBLE THREAT THAT THEY DID USE WMD, IRAN WANTING TO PURCHASE THE ARMS FROM RUSSIA, IRAQ....MALIKI IS GOING TO BE CALLED TO THE AMERICAN EMBASSY! I BELIEVE PREZ OR EVEN V/P COME INTO IRAQ FOR FINAL DISCUSSIONS! THIS MALIKI GUY WILL BE HANDLED! I BELIEVE THAT THIS MEETING WILL BE HELD AND ALL THE TOP MINISTERS AND PRESIDENTS, TALABANI AND BARZANI AND ALLAWI WILL ALL BE IN THE 104 ACRE COMPOUND AND THIS STORY WILL BE BROUGHT TO AN END!!!
Read more: http://www.dinarguru.com/index.html#ixzz25G5DrJpt
8-26-2012 Intel Guru Blaino Maliki and Shabibi are all over the news there, we are seeing the coins on tv...The coins are being used in the market place in some of this FOOTAGE...the coins are "worthless" as things now STAND...So why bother???? Think there is something afoot in that REGARD AND Why would you do that with a real long lead time? Also, we have additional footage of the usd ($100's) coming in off the street and tellers changing the 25k notes for 10's and 5'S...in the pictures you can see bundles of 25k and others on the teller side of the GLASS...Stacked feet HIGH...Literally hundreds of millions of iqd at one teller WINDOW. I have contacts that have claimed to have received between 4 and 5, also i was told $4.53 by 2 different sources that "ought" to KNOW... I wish i could get some hard numbers and a lil more backup on some of this stuff! We "must" be near the end THOUGH...
8-26-2012 Intel Guru Okie_Oil_Man [Via Ghost] OKIE JUST TOLD ME HE EXPECTED TO BE UP ALL NIGHT TONIGHT---HE WOULDN'T COMMENT FURTHER. I NAILED OKIE'S FEET TO THE FLOOR ON HIS COMMENT ABOUT WHAT HE CONSIDERED SOON---MONTHS?---DAY'S?---HE SAID----NO!!!----HOUR'S. WORLD WIDE ANNOUNCEMENTS FORTHCOMING AND IMMENENT.
8-26-2012 Intel Guru Okie_Oil_Man THIS HAS BEEN THE VERY BEST DAY IN THE DINAR WORLD SINCE INCEPTION. I AM FULLY EXPECTING THE FINAL POST TO BE MADE SOON. (CAN'T DEFINE --SOON--YOU WORK ON THAT ONE).
8-26-2012 Newshound Guru Mailman17 THE 2013 BUDGET WITH 13% ALLOCATED TO THE KURDS HAS NOT BROUGHT MUCH NEGATIVITY FROM THE KURDS. THE NUMBERS ARE FINALLY ADJUSTING THEMSELVES TO WHERE ALL INVOLVED ARE SATISFIED, NOT HAPPY, JUST SATISFIED FOR NOW. FOLLOW SHABS, THE GOI WILL WEED OUT THEIR PROBLEMS IN TIME OR AT LEAST TO WHERE SHABS IS SATISFIED WITH THE WAY IRAQ IS HEADED. I JUST LIKE WHATS GOING DOWN. [IT'S] CLOSER THAN ANYONE REALIZES, IMO. [post 2 of 2]
8-26-2012 Newshound Guru Med SOME SERIOUS MOVEMENT IS HAPPENING AND A SHIFT. LIKE SHABIBI SAID THIS COULD BE LIKE A POLITICAL WHIRLWIND IT COULD END UP SOME SWEEPING REFORMS BOTH ON THE POLITICAL AND THE ECONOMIC SIDE... I WAS WATCHING AND LOOKING FOR A SWING IN POSITIONS OR MOMENTUM AND IT SEEMS TO BE HAPPENING. I THINK YOU WILL SEE SOME TOP STATE OF LAW OFFICIALS BEING THROWN UNDER THE BUS ALSO NOW WE HAVE ALLEGATIONS THAT MALIKI HAD STOLEN 512 MILLION.
8-26-2012 Newshound Guru Mailman17 THE KEY FOR ME IS NUJAFI AND MALIKI PLAYING HOPSCOTCH TOGETHER AND THEN ADD MUTLAQ HE DRAWS THE LINES WITH CHALK, BUT MAKE NO MISTAKE, IMVHO, THE NO VOTE IS STILL ON THE BACKGROUND BEING USED AS A ACE...TO SEE THE NA DISTANCE THEMSELVES FROM MALIKI IS ALSO A PLUS. [post 1 of 2....stay tuned]
8-26-2012 Newshound/Intel Guru BGG It appears Talibani is letting everyone know he is ready, willing and able to show up – IF THEY ARE. That is the key. If they agree to a National Meeting – he’s coming back. If not – we wait a while – yet.
8-26-2012 Newshound Guru Doc A second article stated "MP for the coalition of state law were part of the National Alliance, Ibrahim al-Rikabi, said the meeting, which will be held tomorrow between Prime Minister Nuri al-Maliki and parliament speaker Osama Nujaifi would be to determine the names of the security ministries interior and defense." Again if this pans out then it will go a long way to help stabilize the GOI by fully seating all critical positions. We know Shabibi has in the past and recently stated he needs to see stability before any reform will happen. We view this as positive and are only hopeful that the parties involved will deliver this time. If so we get very excited. We report, you decide. [post 2 of 2]
8-26-2012 Newshound Guru SWFloridaGuy [Article] Breaking News: Maliki and Nujaifi's meeting ends. The meeting was fruitful, where most of the outstanding issues were agreed on, and Maliki and Nujaifi will make an press statements to the media.
8-26-2012 Newshound Guru Med THINGS SEEM TO BE REALLY SHAKIN IN IRAQ...LOOKS LIKE SOME OF MALIKI'S ADVISORS MAY BE LYING UNDER THE BUS -- THINGS, GANG SEEM ABOUT READY TO POP FOR SOME ODD REASON.
8-26-2012 Newshound Guru 8Ball Waiting on: Talibani to call the Nationnal Convention, Parliament to pass the new monetary policy, HCL LAW passing, Security ministers, Formation of the GOI and the "WHIRLWIND". Fasten your seat belts here comes SEPTEMBERS Harvest. [post 2 of 2]
8-26-2012 Newshound/Intel Guru BGG Maliki & Nujaifi are meeting on Sunday. If Maliki does not do what he is supposed to than Nujaifi is the trigger man. They are to talk about the last ministers and the state of the reform package. Talabani has been in at least one time already. Things are not always as portrayed in the media. He hasn't told anybody because he didn't want to be under pressure to hold the National Conference & have it fail prematurely. It's been leaked that the President of the U. S. is going there. Why would he go there in the middle of the election cycle? Something has to be going down to cause him to believe it's valuable for him to be there? He has to know that something monumental is going to take place & I don't think it's for Syria or for world peace. The CBI is again talking about replacing the currency and raising the value. We have been getting great news for the last 2 weeks. We are in a really good position.
8-26-2012 Newshound Guru Doc There are a couple of articles that we found very encouraging that issued late this week. They both addressed what we continue to contend are key issues before currency reform will occur. A quote from the first article stated "MP Mustafa further added that an important law drafting, which is concerned with oil and natural gas, should take place under the participation of UN to wipe out all the previous disputes between the Kurdistan Regional Government and the Central Government." What we find encouraging is there appears to be a seriousness to address the Ebril issues to the point of "mediation" by the UN. If this pans out we are hopeful resolution will come quickly. [post 1 of 2...stay tuned]
8-26-2012 Intel/Newshound Guru Poppy3 We are waiting on the National Conference and for Talabini to return. We did get confirmation that the small denoms and coins were being shown on TV and that it was coming. Also, from 3 different sources, something major is to take place on Sunday [today] but don't know what or why, but it is supposed to affect what we are looking for. There is also the probability that on Sept. 18 & 19 when Shabibi will be holding the Banking Meeting that the National Conference for Iraq will be going on at the same time & that's when the RV will hit...this has not been confirmed, just a good rumor for now. Either way, it's just a matter of time.
8-26-2012 Newshound Guru 8Ball Iraqi Parliament reconvenes on Tuesday. That meeting, in Parliament with the CBI is within line of sight. CBI Governor will be in Parliament (trigger man). UN is looking after the HCL law. Maliki is working on the security ministers tomorrow (The political man). Talibani will be returning to Iraq after surgery on his knee (Following the Doctors orders :) ). Expect this week for Talibani to call the date for the National Convention. [post 1 of 2...stay tuned]
8-26-2012 Newshound Guru SWFloridaGuy The CBI has already told us that they will make their move with the National Economic Project (whatever that may be), once the GOI ends the crisis by forming a power-sharing government where the necessary Interior and Defense Ministries have been appointed. I think there is an excellent chance that things have finally turned in our favor and we may see evidence of this shortly. These are just my opinions, which may or may not be correct. [Post 3 of 3]
8-26-2012 Newshound/Intel Guru BGG If they were showing the currency on IQ TV as we have been told and the POTUS is headed over there... "how do you spell relief"? IQD RV!!
8-26-2012 Newshound Guru Vic1 THEY HAVE CAUGHT MALIKI IN THE MIX! IRAQ...HIGH RANKING OFFICIALS...LAUNDERING MONIES, DINARS...COUNTERFEITED BY MAFIA'S. SHABIBI NEEDING SECURITY! SO THEN BINGO! THE N.A.M., MEETINGS IN TEHRAN! WE HAVE HEARD TOP, TOP, TOP AMERICAN OFFICIALS GOING TO BAGHDAD! WHY? YOU HAVE SYRIA, POSSIBLE THREAT THAT THEY DID USE WMD, IRAN WANTING TO PURCHASE THE ARMS FROM RUSSIA, IRAQ....MALIKI IS GOING TO BE CALLED TO THE AMERICAN EMBASSY! I BELIEVE PREZ OR EVEN V/P COME INTO IRAQ FOR FINAL DISCUSSIONS! THIS MALIKI GUY WILL BE HANDLED! I BELIEVE THAT THIS MEETING WILL BE HELD AND ALL THE TOP MINISTERS AND PRESIDENTS, TALABANI AND BARZANI AND ALLAWI WILL ALL BE IN THE 104 ACRE COMPOUND AND THIS STORY WILL BE BROUGHT TO AN END!!!
8-25-2012 Intel Guru Bluwolf I CANNOT DISCLOSE ANYTHING AT THIS TIME. ALL I CAN SAY IS THAT WE ARE LOOKING GOOD. WHEN YOU ARE IN THIS AS DEEP AS I AM YOU LEARN THAT THIS DINAR ISSUE AND IT'S INTERNATIONAL RELEASE HAS A LOT OF COMPLEX ISSUES AND SITUATIONS THAT HAVE TO BE TAKEN CARE OF IN A SINCRONIZE MANNER. WE ARE A PHONE CALL AWAY, PERIOD.
8-25-2012 Newshound Guru SWFloridaGuy I really don't put much weight into the rumors of "big announcements." Especially in terms of relating to anything remotely resembling a revaluation of their currency. If indeed that is their plan (which I believe it is), they would never give the world a heads up. I'm just looking for general progress and hoping that one possible "big announcement" could be a date set for a National Meeting where Allawi and the Iraqi List are in attendance. They will continue to boycott unless power-sharing is addressed and if they are on board with the proposals, that's a great sign that all the blocs find the reforms agreeable. The National Meeting would then be the perfect platform to make it public and put them into action. That scenario is exactly what the Iraqi reports have been suggesting, which is of course a great sign. [Post 2 of 3...stay tuned!!]
8-25-2012 Newshound/Intel Guru BGG Najafi is meeting with Maliki – keep in mind, Najafi is now the “trigger man” – if this thing doesn’t move along according to plan, he’s the the “trigger puller” as far as Maliki is concerned. He’s been most even-handed up until now but Maliki needs to finish things up or Najafi will help him.
8-25-2012 Newshound Guru SWFloridaGuy There is still no solid date for Talabani's return. I've read all the rumors that he's already arrived... It's possible, but I will wait for more confirmation that he has indeed returned. There were some vague references that alluded to the beginning of September for his arrival in Baghdad and others that said possibly sooner but nothing concrete as of yet. There is a meeting tomorrow between Maliki and Najafi regarding the new reform paper and the naming of the Ministers, that I am hoping produces something positive. It may be a preparatory step in anticipation of the Presidents return, which is hopefully laying the groundwork for the upcoming National Meeting. [Post 1 of 3...stay tuned!!]
8-25-2012 Newshound/Intel Guru BGG the first (and most critical) thing Talibani has to do once he gets back is to meet with Barzani – Period. That unified platform must happen first…then everything else can happen.
8-25-2012 Intel/Newshound Guru Poppy3 Talabani still has not returned to Iraq. Scheduled the last two Thursdays in a row to arrive and canceled on Wed. night both times. Solid source. If everyone remembers I said many times that although they worked and had many meetings during Ramadan they again now for 3 years did not confirm or complete anything. I just hope they did make positive progress as has been reported. I feel sure they have made great progress but only time will show the results and facts about what has been accomplished.
8-25-2012 Newshound Guru Adam Montana [Who do you think will make the official announcement of the Dinar? Talabani? Malaki? Shababi?] I think they are ALL going to run to the nearest podium to announce it...but I think Maliki will run the fastest. He's the most outspoken and shrewd of them in my opinion. So, with any luck... they will be racing soon! [Post 7 of 7]
8-25-2012 Newshound/Intel Guru BGG The remaining two ministers. Defense and Interior...They recognize and admit this is the most contentious of issues. I don’t see them getting this done today – but they are dealing with it right now, so “soon” isn’t out of the question.
8-25-2012 Newshound Guru Adam Montana The problems with counterfeiting seem to be limited to rural areas where they do not have sufficient education or machinery (De La Rue machines) to verify the authenticity of the dinars being exchanged however - when the value goes up significantly, any place that will exchange a large amount of dinars will be getting a De La Rue machine, and counterfeits will be spotted almost immediately my point is this - the effectiveness of counterfeit dinars will drop DRAMATICALLY when the value of the dinars goes up. [Post 6 of 7...stay tuned!!]
8-25-2012 Newshound Guru Med ONE THING AND REMEMBER THIS, WHAT WE THINK OF AS A SUCCESSFUL ENDING IS NOT THEIRS, THEIR STANDARDS OF SUCCESS ARE SET MUCH LOWER...BESIDES THEIR BEHAVIOR THE MONEY WILL POUR IN CUZ OF THE OIL AND THAT IS ALL MOST CARE ABOUT. 8-24-2012 Newshound/Intel Guru BGG I did get some news that I won't be at liberty to share until tomorrow evening...sounds pretty legit to me...Not pointing right at the next day or two - but very encouraging "boots on the ground" over there. Good stuff...will share as I am allowed.
8-24-2012 Newshound Guru Adam Montana The Iraqi Dinar is possibly the most technologically advanced currency on the planet. Obviously they have invested a LOT of money in their money... with that said, why would they do that?? Perhaps it's because they planned all along to raise the value to extreme levels, so they took extreme measures to protect it? I believe that's the reason. [Post 5 of 7...stay tuned!!]
8-24-2012 Newshound/Intel Guru BGG Article: "Talabani calls on national meeting" This one is sounding very positive...the thing I’m keying in on here is the quote – “he is expected to come back home soon to hold meetings with the Iraqi leaders”. Which I imagine is correct since there are numerous other inferences of him calling the various leaders together soon. Like I said...today, tomorrow – soon, it’s all still very good for us!!
8-24-2012 Intel Guru BOBGETZ6 I am thinking that we are as ready as we can be, just waiting for the decision to be made.
8-24-2012 Newshound Guru Adam Montana I don't see our November election being a major factor - an RV of any size will be beneficial for either candidate, for every country in the world, for the entire global economy, etc. With Ramadan being over, YES I am getting credible feedback that things are moving forward, and it almost seems that things are moving faster than ever - but as always, don't count the chickens before they're in the coop. Things are moving, I'm getting great feedback, but we can't cash in yet...so we wait. [Post 4 of 7...stay tuned!!]
8-24-2012 Intel Guru Tony Got a phone call yesterday, everyone's happy, banks seeing movement, just waiting for it to go to the tellers, everyone is getting excited...I got a call from Iraq...said it should be happening...Something is planned for Sunday...they're pushing, they want this to happen now...I'm just telling you what I heard. Heard yesterday that on Iraq TV they were showing coins & lower denoms. Could be Sunday. Or before. Things are going forward. They are planning it. They're excited over there about tonight, tomorrow, Sunday.
8-24-2012 Intel Guru ArizonaHeat things are doing fine as far as the RV is concerned, Shabs was in meetings with IMF and the BIS in reference to the lower and higher denoms working side by side, should be implemented soon. Maliki has NOTHING to do with this AT ALL. No other news other than no rate has been issued and those who claim they see a rate at the banks are seeing a rate generated by the bank...the IMF and BIS have not released ANYTHING.
8-24-2012 Newshound Guru Mike the tide is turning against Maliki in a very big way and in a very international way - that's HUGE....he took so long to make his decision that it looks like those decisions are going to be made for him very shortly. Parliament is going to be back in session shortly -- lots of things that need to get done very quickly - they will get them done - the crisis is in their back yard. Talabani will be returning but when he returns things will get done...he is the President - he will enact the things he needs to enact - its always been my position that he got out of the picture until these things were worked out - now that it is being worked out - he will be back to put the finishing touches on this...it is all good news.
8-24-2012 Newshound Guru Med RIGHT NOW THERE IS NOTHING TO MAKE ME THINK IT IS NOT GOING TO HAPPEN IN 2012, NOTHING. NOW REMOVAL OF THE ZERO'S REMEMBER IT IS, HOW DO YOU SAY, BEEN SUGGESTED EVEN BY SHABIBI A ONE TO ONE BUT THE REMOVAL OF THE ZERO'S DOES NOT NECESSARILY HAVE TO COME OUT THAT HIGH. ...I HAVE NOTHING...TO SAY THIS IS GOING TO HAPPEN. IF YOU WANT THE TRUTH...JUST PAY ATTENTION TO SHABIBI. HE DOES NOT USE DOUBLE TALK OR FALSE RHETORIC OR TRY TO USE SMOKE IN HIS CONVERSATIONS.
8-24-2012 Intel Guru Hammerman I have solid info that Talabani will be in country between Thursday and Saturday and that they expect a revaluation before next Tuesday. The National Conference has taken place months ago & info from high ranking officials states that we could hear an official announcement on Sunday. Does this mean it will definitely happen - no it doesn't...this means that things are getting in a very solid position for something to take place. There are events going on out west with China, the U.S. and the IMF..they are discussing whether China can support the VND. We will all be [surprised] when we hear the RV rate of the VND. I have been hearing $.30 to $.65 for the VND. There is an abundant of talk of an RV between the 28th and the 3rd, but don't take this to the grave. Info is very exciting.
8-24-2012 Newshound Guru Adam Montana They have more "holidays" than I can even remember at most times, but Ramadan is the one major holiday during which nothing seems to get done. Now that it's over, I don't see any major roadblocks. The GOI is in a good position to pull this off, so at this time I am waiting on HCL or Chapter 7 news. That's pretty much the last thing that needs to be done! [Post 3 of 7...stay tuned!!]
8-24-2012 Intel Guru Footforward There's a lot of smoke out there again...there will not be a LOP. I am looking for this to happen this month, by the 1st of Sept. or the first week. I don't have a reason why it shouldn't, but there are people that want it to go later. Shabibi has all intentions to put the lower denoms & the coins out by Sept. 1. He is planning on going forward and having the RV by Sept. 1. We are praying that's how it goes. I believe that Biden is going there & I don't believe it's to talk about Iran or Syria. They are making a push for this to go Sept.1. If it doesn't go by the 1st, they will just be on standby.
Read more: http://www.dinarguru.com/index.html#ixzz24knO6YI3
8-23-2012 Newshound/Intel Guru BGG Will Talabani come back this weekend? We just don't know. There's a couple of articles saying that he will return around the first week of September. Just because he isn't there doesn't mean things aren't moving forward. He is putting pressure on everyone to get to the table and get this thing done. When he returns he will be looking for a National Meeting. The CBI is plainly saying in print what they are planning to do & that is not a LOP. They are going to buy back the 3 zero notes and raise the value of the dinar. Things are looking fantastic!!
8-23-2012 Newshound Guru Adam Montana The IQD is valued at 1166 per 1 USD. If the value of the dollar goes up or down, then the value of the IQD follows. In that sense, it is indeed "pegged" to the USD that does not mean they can't "unpeg" it, or simply change the rate at which it is pegged. [Post 2 of 7...stay tuned!!]
8-23-2012 Intel Guru Bluwolf I FEEL THAT WITH RESPECT TO OUR BLESSING THAT WE ARE NOW VERY CLOSE IN RECEIVING IT.. I CANNOT ADD ANY MORE...INFO IS REAL AIR TIGHT BUT WE ARE LOOKING GOOD...THERE IS A LOT OF MOVEMENT IN ALL ECONOMICAL LEVELS HERE AND ABROAD.
8-23-2012 Intel Guru Blaino IQD IS CURRENTLY RE-APPEARING ON TELLER SCREENS IN MANY AREAS AND ACROSS THE BACK END OF THE BANKING SECTOR. THIS COULD BE A PART OF THE PLAN TO HAVE IT JUST "APPEAR" SORT OF SUDDENLY. TV GUY REPORTED THAT LONG LINES OF TRAFFIC WERE BACKED UP TRYING TO GET INTO THE CITIES IN IRAQ...HAPPY PEOPLE THAT SEEMED CONTENT TO WAIT FOR THE CHANCE TO GET IN...ALSO, TELEVISION SHOWED THE NEW "COINS" BEING DISTRIBUTED AND USED IN THE MARKET BY IRAQI'S. AS I SEND THIS OUT I AM INFORMED THAT VP "SMOKEY JOE" IS EN ROUTE TO BAGHDAD FOR NATIONAL CONFERENCE PARTICIPATION. WE HAD THIS YESTERDAY, BUT IT'S NOW FIRM! I SAY "GREAT!"
8-23-2012 Intel Guru Okie_Oil_Man APPARENTLY THERE ARE MUCH BEING FINISHED TODAY--WILL INFORM YOU WHEN PERMITTED...LOT'S GOING ON TODAY--IT MAY BE A VERY INTERESTING DAY IN THE DINAR WORLD.
8-23-2012 Newshound Guru Adam Montana The biggest thing on everyone's mind (both here AND overseas) is the news about Maliki...Everyone is making a big deal about who's doing what over there, and some people even think it means something when they read that maybe Maliki is crooked (duh! He's Iraqi AND a politician!!!) Business is going to continue, the RV Train is still chugging along, and none of that "noise" makes any difference...this pending RV will make a LOT of money...so why would they not continue to carry the torch? In a nutshell - don't worry about it, because it's basically fluff and noise. The BIG picture shows us that Iraq is still heading to more prosperous days, and we're tagging along. [Post 1 of 7...stay tuned!!]
8-23-2012 Intel Guru SteveI According to...our sources, the feeling and word on the street is that the new coins will be introduced on or about September 1st.
8-23-2012 Intel Guru Ray I talked to one guy about the rate being close to the KWD rate. He felt it would be close also because of the oil revenue sharing and the Port revenue sharing. I also feel the same way. It would be hard to share revenue sources and have different currency rates. That would be an accounting nightmare. They are watching things very closely and promised to let me know right away of any new developments. Hopefully this ride is about over. [Post 2 of 2]
8-23-2012 Intel Guru Ray Just wanted to pass a little info to you about Iraq...contacts...said the people over there are still looking at Sept. 1 as an RV date. They haven’t been told anything different yet. Also, they did see on the news and in some papers that the government plans on releasing the new coins on September 1 too. As one of my contacts told me, if they don’t RV, the coins will be basically worthless and the people there will not use them. [Post 1 of 2...stay tuned!!]
8-23-2012 Newshound Guru SWFloridaGuy ...Iraq has options and I do believe a drastic change in the monetary system is required for Iraq to accomplish what we believe they will. It's far more complex than I had hoped it would be that's for sure. I do think Iraq presents a unique situation though and has come along at a very opportune time as we see the global monetary system struggling. ...all we can do is hope that whatever solution they choose, it benefits the country of Iraq and anyone holding their currency.
8-23-2012 Intel Guru TerryK Couple things going on out there - Iraq is shipping things over to Iran - commodities and money. USA may cut off economic funding to Iraq because of this - if this happens could slow things down quite a bit. Got a call from one of my sources, stated there is a certain currency showing up on their screen, 4.65 or 4.85. Waiting for him to call me back.
8-23-2012 Intel Guru Hammerman alot think the rv is happening now...woooooooo phone blowing up...im not calling anything just hearing wonderful stuff .
8-23-2012 Intel Guru BOBGETZ6 [ I read ...and saw a screen shot of the CBI @ .27 which equals 3.61.] That should be the Iraqi in country rate via the CBI. We should do much better, IMO. I am thinking $5 plus. I am wondering about the VND. I am hearing 32-42 cents.
8-23-2012 Newshound Guru SWFloridaGuy I do believe Iraq will revalue their currency and I think there are many ways they can achieve this. For painfully obvious reasons, the CBI will never announce to the world that they are about to revalue their currency. Shabibi himself alluded to this in Washington when he said "Even if I knew I could never tell you." Whether there are several incremental adjustments or a historical large currency appreciation of 100,000% to get us to 1 to 1, I do think Iraq will accomplish returning their currency to its previous levels by increasing the value of the paper currency in a quantitative sense. [Post 3 of 3]
8-22-2012 Intel Guru Bluwolf Within a specific short time we will be receiving this blessing and...we now await the final calling on behave of the banks.
8-22-2012 Intel Guru Tony The article that came out of Iraq yesterday said, “The CBI can agree with the Economic Committee of the Iraq Parliament to introduce the new bank notes in September 2012, which will be used in parallel with the current bank notes for a year. The CBI will completely withdraw the old bank notes by September 2013…There is an initial agreement between Parliament and the CBI to start the process of removing three zeros in September and it will take a year to complete…The CBI will introduce three new bank notes – 50 dinars, 100 dinars, and 200 dinars. The CBI will also issue 1 dinar and 2 dinar coins which Iraq currently does not use. ” This just came out in the last 24 hours. [Post 2 of 2]
8-22-2012 Newshound Guru SWFloridaGuy Just to clarify, the CBI did not say revalue, they said remove the zeros. There seems to be much confusion on what "remove the zeros" actually means. Some researchers like to add their own interpretation and say it refers to a revaluation and the entire process of drawing in the large notes. Deleting the zeros simply means deleting the zeros, pretty straight forward. This simply refers to the CBI's plan to drop the zeros from the nominal value and introduce the lower denoms to ease cash transactions. I'm simply making this point because I see the CBI misquoted quite frequently and I used to struggle with this understanding myself. [Post 2 of 3...stay tuned!!]
8-22-2012 Intel Guru Tony They were given target dates to have certain things accomplished and those dates are not November, December or January. They are trying to get this done a whole lot sooner. We have known ever since June that the problem was where the money is flowing to. So all of that has to be stopped or at least managed before this can happen. Talabani has been back in Iraq since last Thursday, They have already had meetings and signed off on agreements...some announcements that are supposed to be made later this week. Everything I am looking at is that it is sooner rather than later. [Post 1 of 2...stay tuned!!]
8-22-2012 Intel Guru Gary We have been told that all the banks have been expecting this, they are pulling their people in, keeping them from going on vacation, people coming in preparing for scheduled appointments, etc. Are the banks being lied to? No, I believe that they are being told by the higher ups that everything is ready to go but Iraq is still dealing with things over there (e.g., ministers, Maliki, smaller denominations beginning next month). But we’ve got one scenario that has created a critical issue and that is their neighbor [Iran]. They have to wait until that is all taken care of. There are sanctions going to be issued over there and the impact of those sanctions are going to be pretty serious and so even though everybody was expecting this to be completed here pretty quickly we are kind of in a holding pattern. The UN is also getting involved. This is going to take a little longer than a couple days.
8-22-2012 Newshound Guru Mike great article...talked 3 times about the re-evaluation of their currency...in this article they talked about the the re-evaluation process of their currency and they declared that they are going to do this - drop the zeroes and get it done by 2013...Nothing but positive news from CBI.
8-22-2012 Newshound/Intel Guru BGG Article: "Deputy for the National Alliance: Maliki is ready to give assurances to implement paper reforms expression of sincerity of the government’s intentions" This isn’t a guarantee of any kind – and it even sounds a little like they are in “spin mode” – but it’s still great to hear...if Talibani gets back this week and has a couple of good meetings, calls for a National Conference and it succeeds – we’re in good shape. I have heard that as early as Sunday “could be the day” – however, be very careful with that. I personally think that might be a little early – even under a “quickened” time frame.
8-22-2012 Newshound Guru SWFloridaGuy I am very encouraged by some recent reports out of Iraq regarding the easing of political tensions, the focus on implementing the reform proposal and holding a successful National Meeting. Does this mean we will RV tomorrow at a rate of $42? Of course not; it doesn't relate directly to the exchange rate at all. Indirectly however, we do see a connection. The CBI did say that they will proceed with the National Economic once the GOI resolves this political crisis and if the reports out of Iraq are true, they have made much progress in this area. [Post 1 of 3...stay tuned!!]
8-22-2012 Newshound Guru Adam Montana Ramadan is over, business is resuming, and honestly...things are ramping up at a fast pace...no RV announcement at this time, but nothing negative either. I am going to be getting confirmation on a few things here today.
8-22-2012 Intel Guru SteveI extremely positive and encouraged after all my conversations with Ray this week. Everything which Ray and I have said in the past remains on track. Nothing negative - only extremely positive news to share. Don't spend any time looking back. All is moving right along nicely! Concerning the date and rate - I remain firm on my and Ray's thoughts on this. If you want to know - look up my old updates! [Get access to the Dinar Guru Archives in the Blue Box above] ...the International Bank and Exhibition on Iraq Banking is huge... I must say, he is excited!
8-22-2012 Intel/Newshound Guru Poppy3 The CBI, as of this week, will start selling portions of their gold reserves. This is huge. Ban Ki Moon is over there from the U. N. focusing on the HCL laws helping settle the last couple of amendments. Talabani is scheduled to come in Thursday afternoon. Contact, who I believe has a lot of political connections, told me we should have a notification of the RV by Sunday.
8-22-2012 Newshound/Intel Guru BGG I believe Talabani will show up sometime this week, it is highly likely they will have a National Conference & in a very short time you will see a currency shift. If things go well, sometime next week, you are going to see this thing coming at you!
8-22-2012 Intel Guru Hammerman There are some huge meetings going on at undisclosed locations out west with Obama, Madam Wu , LeGarde, etc. China has retained 200 of the world's top economist and/or IT computer programming specialist & must be available to leave at a moments notice. Talabani should return back between the 25th & the 29th. When he arrives back, there will be a big meeting & within a few days of his return and then you will have the official announcements of the National Conference, which has already been done. There is a whole lot of talk of his return on Saturday. All cards are on the table. Everything is done in Iraq, everything is done worldwide, that is why China has retained these people to prepare for this event. The event and timing are tied together. We are in a wonderful spot for this event. The end is very, very near. 8-21-2012 Intel Guru Footforward A lot coming out is smoke, there isn't bad news out there. A lot of good words coming out. When they talk about the removal of the zeros, they are taking the 3 zero notes out of circulation. They are not talking about making the currency worthless. Our money will be worth what is printed on them. It's always been in the plan to revalue the dinar, they need to pay for the war, they are desperate to have control of their country back. We are looking for this to happen shortly. China is one of the countries that is making the biggest push for this to happen. This is out of Iraq's hands, we are not waiting for sanctions to be lifted, chapter 7 to be lifted. My contact is directly involved in this process, not second hand info. Something needs to happen sooner rather than later.
8-21-2012 Intel Guru Blaino The Final Days of the "Great Dinar Ride!" Citizens, Dinarians and readers across the chat-o-sphere... we are STILL on "Launch Standby" for the orbital shot of the IQD!
8-21-2012 Newshound Guru Doc We are rapidly ending the Ramadan/fest time and the news on the surface appears favorable. The political factions appear once again to be playing nice and have reported several agreements in place or in works including the currency reform and Ebril issues. We still see Maliki as the wild card and the fact he apparently was cutting illegal side deals with Iran further cements our opinion. Our best guess here is the UN will come down hard on him and basically tell him get on board or get out. If this is true we will get extremely excited. We tell tell sign it is true would be these issues being ratified in Parliament very quickly. When we see this we contend the party is quickly approaching. Until then we'll watch Maliki very closely to see how hard he pushes back. We report, you decide.
8-21-2012 Newshound Guru Mailman17 DONT BE SURPRISED JUST YET...SOMETHINGS BEING PLANNED FOR SURE...MALIKI IS SO DONE. THE RV IS DEFINITELY COMING. SHABS STILL NEEDED TO DRAW IN DINAR FOR DOLLAR USING THE AUCTIONS. HE CAN SAY ITS TO CONTROL INFLATION...THATS FINE BUT IN ESSENCE ITS TO DRAW IN WHATS LEFT ON THE STREETS AND ANYWHERE ELSE HE CAN GET IT...MAINLY SYRIA AND IRAN. YES, THIS RV WILL COME AND THE NO VOTE IS NOW IN THE BAG. THEY HAD ENOUGH ON HIM BEFORE, THIS IS JUST THE ICING ON THE CAKE THAT MALIKI IS AND ALWAYS WAS AN IRANIAN PUPPET.
8-21-2012 Newshound Guru Randy Koonce Don't worry about Iran, if we thought it was a big deal, we would have stepped in already. The big guys cashing in & and an in country RV are BS. We are waiting for Talabani to come back, nothing will happen until he does. When he shows up there will be a National Conference. Talabani, Maliki, Allawi & Najafi all need to be there. Shabibi will not do anything until the power sharing is taken care of and when they show the Ministers are in place by law & then it will be over in 2 - 5 days, max.
8-21-2012 Intel Guru Checkmate I am hearing that we will see it before Sept 1st, I personally believe that this is baloney because just from experience, it has been so far. I am still encouraged that this is not going backwards. I know it's about to revalue, but I also know that it could go into Sept., but if you own dinar, don't get out, it's going to take place. I still believe very strongly in where we sit, but I don't see it in the next 30 days.
8-21-2012 Newshound/Intel Guru BGG "Talabani first meets with Barzani after returning home" This is the lead story for the day and likely the only one that matters. This is a very critical meeting because Barzani is the last piece to the puzzle. I think it will likely get done though. No matter how much Maliki p!sses Barzani off – Barzani can’t risk a civil war over a personal gripe. The Kurds will all be lots better off in the long run if he goes along with this “Council”.
8-21-2012 Newshound Guru SWFloridaGuy It's just been a struggle to reach this point. The crisis seems to have been averted and the blocs have reached an agreement on reforms. They are simply waiting for Talabani to return and the end of the Eid Fitr feast. At that point we should see a National Meeting, Ministers and the reforms (amended Erbil agreement) implemented. The CBI is ready to make their move and the GOI is also ready. Up to this point though,...I was very frustrated but the tide has turned. I'm very encouraged by this.
8-21-2012 Newshound/Intel Guru BGG I am expecting Talibani to show up (as I have been saying) sometime later this week (if all goes well) and things to move very quickly after that.
8-21-2012 Intel Guru Blaino Maliki has been busted. Was he really? He was working on some deals with Iran apparently involving money, funneling funds in U. S. dollars. Ban Ki Moon is apparently there. Is he there to smooth things over or is he there to impose sanctions on them? This looks bad, but maybe this is a sting operation, maybe this whole thing has been engineered? Also, sources are saying that Iraqi TV was showing people exchanging paper money for coins & using them in the markets & they were excited. There was also a clip of what could be the initial motions of the National Conference. We did hear of some military vouchers a while back. A military girl that was returning from there on leave had to turn all of her's in. The rate I have been hearing is between $4 and $5 and that is exactly what she was given. Nothing makes me come off of alert level 5+. I think we are right there at T-X seconds, maybe a couple of little delays.
8-21-2012 Newshound Guru Breitling What has come up is Iraq is involved with Iran. Maliki is definitely business partners with Iran, selling oil, it is expected. Will this affect us, no. But, we didn't know to what extent. If they are helping Iran, our enemy, he will get spanked & he is going to get spanked very hard. Does it affect us timewise, it could, short term, it might. Something to watch out for.
8-21-2012 Newshound Guru Med THIS IS WHAT I MEANT BY STABILITY. IRAQ HAS VIOLATED UN SANCTIONS AND THEY THEMSELVES ARE UNDER SANCTIONS STILL, MALIKI BY FUNNELING U.S.D. TO IRAN AND THEN IT HURTING THE CENTRAL BANK, AS WE ALL KNOW IT DID AND SHABIBI DIDNT KNOW WHY, TURNS OUT HIS OWN PM WAS THE ONE WHO HELPED DO IT. IF IRAQ PISSES OFF THIS OR ANY ADMINISTRATION, WE WONT SEE THE BAN LIFTED. THE DINAR CAN HAVE ALL THE ASSETS BACKING IT IT WANTS BUT IF IT IS NOT ACCEPTED INTERNATIONALLY IT MEANS SQUAT. REMEMBER, WE HAVE TO BE ABLE TO CASH IT IN. [Post 2 of 2]
8-21-2012 Newshound Guru Med SOMETHING IS BOTHERING ME AND I AM A BIT CONCERNED. I WANT TO SEE HOW IT IS HANDLED AND HOW IT EFFECTS RELATIONS BETWEEN THE U.S. AND IRAQ AND IRAQ AND THE U.N. CUZ IT COULD. SEE MALIKI GOT AWAY WITH IT FOR ALMOST 3 YRS. MALIKI WAS FUNNELLING MONEY TO IRAN AND ALSO MALIKI GRANTED IRAN AIRSPACE OVER IRAQ TO MOVE 13,000 TROOPS TO SYRIA TO HELP THE SYRIAN GOVT OVERTAKE THE PEOPLE. THE U.S. MEDIA FOUND OUT AND THIS IS ALL AGAINST THE UN SANCTIONS. IT CAN MAKE THINGS BAD...FOR US. [Post 1 of 2...stay tuned!!] 8-20-2012 Intel Guru BWM I have several time frames I was given some time ago... the main one started today... so I'm watching for things to unfold.
8-20-2012 Newshound Guru SWFloridaGuy the debate about what the holdup is should be over. Straight from the CBI’s mouth they are waiting for the crisis to be resolved and the reforms implemented, just as we’ve been saying all along.
8-20-2012 Newshound/Intel Guru BGG "Parliament is preparing to interrogate al-Shahristani, after the feast and the Committee on Energy recommends his dismissal." This may be the most interesting piece of news today. If they boost Shahristani – Maliki might well not be far behind him. This is bad news for the Maliki Gov’t. Shahristani was a staunch Maliki appointee (he is a rough character though – it’s good for Iraq). The main reason it is likely he loses his job – he’s jacking with their oil revenues. It won’t surprise me if they “trump up” some charges on him. It happens.
8-20-2012 Intel Guru Tony If in fact the lower denoms are out on Sept 1, that means you have an RV, they are worthless without an RV. If that is the plan and if that is the schedule, yes, then they have hit the target. I have info of a schedule of events of the next couple of days that is confirmed. I also know that things can change, but things look really good, really good news. It's a good month.
8-20-2012 Intel Guru Tony We were waiting for the end of Ramadan. We are waiting on announcements between now and the end of the month. Agreements are in place, proof of those agreements have been coming out all over. They already have an announcement schedule, they already have a television schedule over there, a lot of people already know what is being said and done. Looking for the rate to be above $3.22, $3.50, looking for a good, good rate. My belief is the Dong will RV with the IQD and you will be glad that you made that investment. I'm excited, their excited.
8-20-2012 Intel/Newshound Guru Poppy3 More than one group is pushing to get the HCL completed and activated. I am one of few that knows it is very important for the sale of their oil and their economy yet I don't think it is necessary for the RV. I think the Ministers, Erbil and 140 are our key details.. Even though Dr Shabibi has included it in his things that need to be done, I don't think if all the others were implemented it would hold up the RV. TIME WILL TELL SOON.
8-20-2012 Newshound Guru SWFloridaGuy Article: CBI: The project to delete the zeros will pass after the end of the political crisis. The CBI announced announced that the project to delete the zeros will pass within the House of Representatives and Minister after the end of what he called “political storm.” Saleh said the project to delete the zeros will pass within the House of Representatives and that all the blocks are in agreement on its importance and relevance for the Iraqi economy. A national project such as deleting the zeros of interest to a lot of officials and advisers will not be neglected, noting that the next phase will see the final approval.
8-20-2012 Newshound/Intel Guru BGG Here’s just a few of the things they have planned for right after “the feast” – the Erbil agreement, Article 140, HCL, Security and Defense Ministers announcement, a National Conference (upon Talibani’s return), The Supreme Judiciary Law and the Amnesty Law…(that I can think of...All of which get kicked off after August 23rd).
Read more: http://www.dinarguru.com/index.html#ixzz24TirVFD1
8-19-2012 Intel Guru Hammerman Ramadan is over, now they celebrate for 3 or 4 days...then we start to find a rv...the end is near I believe...i still see where we could get to late sept but this week late looks good.
8-19-2012 Newshound Guru Doc The question remains as to is this reported information real. As always only time will tell and we should see additional hints over this next week. We would love to see an agreement on Ebril announced next week and Parliament ratify it ASAP. We contend this would start the ball rolling very rapidly. We also love the CBI pushing forward despite the obvious stall tactics by Maliki. We also are encouraged by reports the CBI is once again reducing liquidity. All this is extremely encouraging and points to Shabibi pulling the trigger in the near future. Nothing reported suggests to us a different timing than previously reported as September to EOY. We report, you decide. [Post 2 of 2 dinarguru.com]
8-19-2012 Intel Guru TerryK i have been saying for months, right after ramadan AUG 23-30, and with the coins 1, 5, 10 dinar coins coming out...That means it is done...logic says if they are coming out with 1, 5,and 10 dinar coins, they have to RV for any of these to have value.
8-19-2012 Newshound Guru Mailman17 LOOK BACK ON JUST WHATS TRANSPIRED THE LAST 2 WEEKS - ERBIL, 140, HCL, MINISTERS. ALL MOST LIKELY TO BE DONE AFTER THE 23RD OF AUG. NOW...ADD THE UNS GROUP HEADED BY THE US, THE NEWS HAS BEEN NOTHING BUT OUTSTANDING...FOLLOW IT AND YOU WONT GO WRONG...LETS SEE IF THIS TRAIN FINALLY HAS COME TO THE STATION WE HAVE ALL BEEN WAITING AT.
8-19-2012 Newshound Guru Kaperoni Draft law to delete zeros will pass shortly after the end of the "whirlwind." The CBI came out with some interesting articles pertaining to the Dinar today. "CBI - draft to delete the zeros will pass after the political crisis." and "Central Bank is talking about to delete the zeros and the replacement of currency beginning 2013 'a fantasy' ".
8-19-2012 Newshound/Intel Guru BGG Article: "Central Bank: We seek to adopt an electronic system in financial transactions. Central Bank announced that it seeks to limit the use of banknotes in the country because of security conditions that make the transfer of money difficult and risky." Here’s an interesting piece when coupled with the other implications and the various technical aspects of a possible currency adjustment in Iraq. This will help out with some of the “mass hysteria” that is sure to accompany this event. They also don’t want common people getting robbed of “hard currency” immediately after coming into some money (post-RV).
8-19-2012 Newshound Guru Doc We sit here with Ramadan just about over...we did not expect the RV during this time. We did expect was many under the table deals to be put into place and several are starting to emerge. Among those appear to be great movement toward structuring an agreement around the Ebril issues. We have also witnessed Maliki trying to stall Shabibi once again but this time Shabibi said "NO MORE!" Also the GOI appears on board now . If the reported issuing of the lower denoms is accurate we should see the RV in the same time period. It would make no sense to issue a 5 dinar note at the current exchange rate which would make that note worth about 1/2 of one cent USD. [Post 1 of 2 Stay tuned for the rest of the story dinarguru.com ]
8-19-2012 Newshound Guru Mailman17 THERE IS NO WAY IN **** IRAQ WITH A 67 BIL RESERVE, WITH 780 BILL FROZEN AND NOW POSSIBLY 5 TRIL WORLDWIDE, ADDED TO THE FACT THAT THE PARIS CLUB WOULD FORGIVE A MEASLY AMOUNT COMPARED TO THAT, THAT A LOP IS EVEN A POSSIBILITY, IRAQS ASSETS...PERSPECTIVELY USING FRACTIONAL BANKING CAN EASILY...AND I REPEAT...EASILY NOW HANDLE A 1-1 AND THATS WHERE I THINK WE ARE HEADED VERY SOON. TALABANI COMES BACK TO MAKE AN ANNOUNCEMENT SUPPOSEDLY ON THE 26TH. IMO...HE IS ANNOUNCING THE RV, EFFECTIVE...FINGERS CROSSED...SEP 1.
8-19-2012 Newshound/Intel Guru BGG Talabani did actually address the nation of Iraq. He was talking of applying all these principles, Erbil, the Constitution, etc. into this National Conference. The next few days should be critical to see where we stand in this investment. I would look for some significant political developments in the next few days into the end of next week. It is not out of Iraq's hands, when they get these things solved, we will be nearer to an immediate currency shift. We are on the backside of this. All the news is looking up.
8-18-2012 Newshound Guru Eagle1 In the last couple of days, Dr. Shabibi has announced that the CBI will release 1 Dinar, 5 Dinar and 25 Dinar coins for public use and trade on September 1. It makes no sense whatever to issue a 1 or a 5 Dinar coin if the RV has not taken place. What good is a 5 or even a 25 Dinar coin if a loaf of bread costs 3,000 Dinars (current price of a loaf, pre-RV). If indeed the plan is to release these coins for use on September 1, then August 26 makes sense for the RV announcement. (And that doesn’t mean the announcement will wait that long. It could actually occur even sooner.) [post 3 of 3]
8-18-2012 Newshound Guru Eagle1 Shabibi made it clear some weeks back that he wanted Talabani to make the actual announcement of the RV. Iraq’s President Talabani has just returned (according to unverified info) or will return before the end of this week. Talabani has already indicated in advance that he will be calling a public event on Sunday, August 26th. While there are possibly other reasons for this announced event, there is a general consensus among our analysts that we will have our RV announcement on that date. [post 2 of 3...stay tuned!]
8-18-2012 Newshound Guru Eagle1 12 days ago Dr. Shabibi announced his intention to begin selling some of the gold in their vaults, but it didn’t actually begin until yesterday...what does this have to do with the timing of the announcement and the rate? I can tell you that when bankers are faced with unknown prospects such as those the CBI faces knowing that they could very well have more folks cash in their Dinar than their statistical model indicates, they tend to be almost overly cautious. From a banker’s perspective, it is very prudent for them to increase their U.S. Dollar reserves in preparation for a potential run when the announcement is made. [post 1 of 3...stay tuned!]
8-18-2012 Newshound Guru Randy Koonce [via Patrick] when Talibani returns we will see a conference and then soon after that this whole thing is over. One of the biggest falsies is that the GOI has to be stable before it will RV. Truth is that the GOI will never be stable until they release the money.
8-18-2012 Newshound Guru Mailman17 THE CBI IS READY...AND HAS NO PATIENCE LEFT. IT APPEARS THE GOI IS ALSO. THERE IS ABSOLUTELY NOTHING WE CAN WAIT FOR ANYMORE EVERYTHING IS ON THE BOARD HCL, MINISTERS, ERBIL, 140, KUWAIT, AND ITS ALL PLANNED FOR AFTER THE 23 OF AUG.
8-18-2012 Newshound/Intel Guru BGG If they get much passed this holiday, I think Maliki will be in a world of trouble. People are starting to realize who is causing their day to day drama. There is also a possibility they will remove Maliki, they will take him out, this is still on the table. Talabani was to be back about the 16th and hold the National Meeting. I wouldn't worry...I think he will be back soon, I think it will be delayed about a week. I think we will see the National Conference in the next 6 - 10 days. The fact that Talabani is coming back and will announce the National Conference is massive, huge. Between now and next Friday, we should know where we are headed. This is not a berrible set back. I think the next few days will be very interesting and we are in a great spot. They are very close to the HCL law, they have never been this close. I do think we are in the end game here. I think we are pretty close.
8-18-2012 Intel/Newshound Guru Poppy3 Talabani was scheduled to come back to Bagdad on Thursday, but that changed. The rumour that the ministers were seated is not true. The people on the streets of Iraq are getting more of the truth of what is going on and are getting more pissed off, they know who is causing it. They are having closed door meetings and making progress. It's a timing thing, timing of the National Conference. Everything is pointing to the end of this thing. 8-17-2012 Intel Guru Hammerman alot, alot, alot of talk today all positive great forward movement...4 calls today from the top of the top all saying this adjustment is coming down the slide way faster then expected and sooner than latter...hmm hmm truth or rumor you decide, it is coming from the right places...we are close...all is super positive...if true all news is great and coming to us fast, so I’m so happy.
8-17-2012 Newshound Guru Mike the most interesting articles we read...they talked about they wanted to sell gold coins so people in Iraq can have wealth....and then...the Mercedes Benz opening up a car plant....20 million dollar project...if you look at that I ask that same question...Are the people able to buy these cars now? ...No but there is some anticipation that sometime in the future that there is going to be value...wealth ...all very positive articles again and they are obviously getting ready for some value to be added because you just don't do these kind of things if your currency is worthless
8-17-2014 Newshound Guru LJ Ramadan ending on Saturday....Eid follows after and will last til the 23rd.....I think we are sitting in the most positive position we have been in up this point....Just the last article Debbie read and the concession made about the Oil & Gas Law ...whenever I read concessions have been made.....it looks really really positive
8-17-2012 Newshound Guru Breitling The CBI has a number of options for the dinar...here are my top 3 possible options 1. Exchanging the dinar you and I have-continue to reduce the money supply like they have been doing. 2. (If the Minister of Finance chooses not to participate) Revalue the currency we have and latter in new currency...coexist with the new currency for a certain amount of time...maybe 2 year period 3. Re denominating--they'd have to retire the notes we have by law--we will get a just pip out of it (this is the most unlikely scenario)...
8-17-2012 Intel Guru Hammerman There is not a lot of intel out there. There is no negative being reported, it's completely calm, completely quiet. A lot of movement on bank screens and forex, but it means nothing. Calls with China and IMF said RV will be pushed back to at least the 22nd but more than likely after the 1st, I am just repeating what is beig told to me.
8-17-2012 Newshound/Intel Guru BGG Article: "Urgent..Talabani, announce 'progress' in favor of talks in Bagdad" I know we are looking for some type of address by Talibani to the people of Iraq soon. I don’t see this as it. This looks more like a “briefing” of the POR by his emmissary Sahil who was just down in Baghdad for the last few week or so. Word is – Sahil will stay until Talibani comes back and this deal is done.
8-17-2012 Intel Guru Footforward I know for a fact that this is not in Iraq's hands. The National Conference happened a long time ago and we are just waiting for the RV to announce all these things. There isn't a lot of new intel out there. There is no negative news, a lot of smoke. It's what we expected right before the RV. I haven't been given a specific date. I am still looking hour to hour and I don't see anything that says it will be further down the road. We are still looking for this right now.
8-17-2012 Newshound Guru Med FROM WHAT I CAN GATHER HERE THE REMOVAL OF THE ZERO'S WILL TAKE PLACE SOMETIME IN THE NEXT 120 DAYS OR LESS. THE ACTUAL SEARCH IS OVER, WE KNOW BY FACT FROM STATEMENTS THAT CBI IS RIGHT NOW POISED AT ANY MOMENT TO RV.
8-17-2012 Newshound/Intel Guru BGG it will be in Maliki's best interest to get things moving the right direction - because mark my words...if he does not - this thing has the potential to get so sideways so quick - and he won't be able to fix it this next time. I get the feeling if they wait too much past the end of their holiday - he's cooked, and the Kurds have made no bones about wanting to question Maliki after the "feast"...if he dilly dallies too much longer his opponents will get wound back up again and they won't come back down without "scalps"...They gave him his shot and all they did was blabber...all noise - no action...if he lands in front of the Parliament - he cannot win, he's a goner....expecially if they have the Supreme Judiciary Law passed first, which you may see happen.
Read more: http://www.dinarguru.com/index.html#ixzz246VPGQU8
8-16-2012 Intel Guru Checkmate Many people have believed that we have been at the end of the this for a long time. This thing is ready to be over with. Somebody, someone, some entity has been sitting on this. Never in history have we seen an investment that people could make so much money. Never have we seen something that can go up 3,000, 4,000, 5,000%. It WILL revalue. IMO, this can happen at any minute, but nothing tells me we could see it before Monday. It's very, very close.
8-16-2012 Newshound/Intel Guru BGG The Amnesty, the Federal and Supreme Court Laws are big – primarily because there has to be some agreement between factions to get them passed…aside from the fact they are important pieces of legislation. This article seems to imply they will be passed once the holiday is over. More good news.
8-16-2012 Intel Guru Blaino AS I WRITE THIS WE ARE SEEING SOMETHING HAPPENING IN IRAQ! PLANET IS HOLDING AT DINARICON ALERT LEVEL 5+ IF THIS CONFIRMS UP AS WE THINK IT WILL. I HAVE NOT ISSUED ANOTHER PASS, AND FRIDAY MORNING AT 6AM EDT WE MAY SEE SOME MOVEMENT.
8-16-2012 Newshound/Intel Guru BGG Article: "Member of the energy: Adoption of oil and gas law is an urgent need to put oil in the political track" This is spectacular news!! This is an issue that has been debated and argued over since 2004 (ish). If they are as close to a real, true HCL agreement (and Law) as I think they are – this is just wonderful!!
8-16-2012 Newshound Guru Mailman17 THINK BACK TO THE 2 BILLION DOLLARS THAT WENT TO IRAN AND SYRIA NOT TOO FAR BACK THAT WAS NOT ONLY PLANNED BUT NEEDED. IT BROUGHT IN DINAR AND THATS EXACTLY WHAT SHABS IS DOING. NOW IF DOLLARS GO TO UNSAVORY INDIVIDUALS?...SO BE IT...I AM SURE THOSE CONCERNED WOULD MUCH RATHER HAVE THEM HOLDING DOLLARS THAN A REVALUED DINAR. [post 2 of 2]
8-16-2012 Newshound/Intel Guru BGG There has been news released recently pointing to a possible return of Talibani from Germany to Iraq sometime today with a call for a National Conference immediately following. This may still be a possibility. It is difficult to tell (for sure). Though the news today seems to point more toward the end of next week....what is important is they are drawing nearer to a legitimate solution. Take this time to be prepared and stay grounded.
8-16-2012 Intel Guru TerryK articles coming out from CBI mostly, all negative, 80% from Maliki's coalition. Long extensive articles about how terrorists are being funded by the CBI. He does not want it to happen for some reason. Doesn't want to get caught with what he's been doing. Shabibi - CBI shoots back and says were are going on and not going to stop for anybody. We are to see strong activity immediately after Ramadan, between the 23 and 31st...as far as giving a firm date, it seems like the end of the feast, EID, is a significant time.
8-16-2012 Newshound Guru Adam Montana Iraq is officially a reserve-wealthy nation? Oh, surprise surprise! I love how the l0psters hate to admit they have massive wealth... this little fact is indeed positive for us and it only serves to further my faith in the Iraqi Dinar. [post 4 of 4]
8-16-2012 Newshound Guru Med WE ARE NOT REALLY LOOKING FOR ANYTHING RIGHT NOW, IT IS SET AND ALL I AM LOOKING FOR IS THE EXCHANGE RATE.
8-16-2012 Intel Guru Gary Decisions are being made overseas that are acting like this is complete....people at a number of locations have been contacted by banks saying that it is time. They are negotiating to move forward with those people. The banks are preparing on different levels and everybody started moving into positions at different locations over the weekend and on Monday were prepared and believing this is complete. We had news that Christine Legarde was over here dealing with some very key issues. Fox news even talked again about a global release and there were going to be some announcements. I believe they were referring to the global currency change. Then all of a sudden we have an issue. I’ve heard that one issue was dealing with a currency that is in the basket. They are going back and correcting the issues. It is close.
8-16-2012 Newshound Guru Mailman17 IT TRULY APPEARS WE ONLY WAIT FOR THE TRIGGER NOW. ARTICLES...ENCOURAGE THIS...INCLUDING THE ONE TODAY REFERRING TO KUWAITS SIGN OFF BY THE END OF THE YEAR, ADD TO THAT THE MINISTERS, ART 140 AND THE HCL ON PARLIAMENTS AGENDA RIGHT AFTER [EID AL FITR] , WHICH ENDS AUG 23RD. AS FAR AS WE KNOW THE NA IS ONBOARD. [post 1 of 2...stay tuned!]
8-16-2012 Intel Guru Bulldog75 THERE IS ENORMOUS INVESTMENT GOING INTO IRAQ. WE HAVE SEEN THE ARTICLES AND COMPANIES PUMPING THE $. THEY HAVE DONE THEIR RESEARCH. THEY KNOW MATHMATICALLY, ECONOMICALLY AND POLITICALLY THAT THIS MUST HAPPEN. IT'S INEVITABLE. EVERYTHING IS POSITIVE AND GO.
8-16-2012 Newshound Guru L.J. Things are really, really positive in our news media with the government...We hope this theme continues thru Saturday which is the end of Ramadan and then we go into the Eid festival. Things look really, really positive to see some kind of results…Shabibi is ready to go. We should all be cautiously excited. I believe we are on the verge of seeing the results of hard work of all the parties. [post 3 of 3]
8-15-2012 Newshound Guru Mailman17 THE NEWS TELLS US THEY ALL ARE ONBOARD AND FINALLY THE GOI SEEMS TO BE GETTING TO WHERE THEY SHOULD HAVE BEEN 2 YEARS AGO. IN A NUTSHELL...I LIKE VERY MUCH WHATS GOING DOWN RIGHT NOW...AND ITS COMING FAST AS A WHOLE WE ARE EXACTLY WHERE WE WANT TO BE. WE TRULY ARE THIS TIME...IMO...ALMOST HOME. [post 6 of 6]
8-15-2012 Newshound Guru Adam Montana [Economically, what one factor prevents Iraq from dropping the zeroes this year?] There is no "one" factor - this situation is not that simple. It's a complex matter in which you must consider the BIG picture, not just little items. On the whole, I see Iraq as becoming more and more stable and solvent, which leads me to believe that they are in a position to have a stronger currency. [post 3 of 4...stay tuned!]
8-15-2012 Newshound Guru Mike They [CBI] are ready to go, they have the electronic banking, has pressure from the committees, he’s [Shabibi] drawing down his reserves, drawing down his total supply of money...drawing it back in so he knows where its all at. He just needs to have some value added to relieve some of the pressure off the people on the street. [post 2 of 2]
8-15-2012 Intel Guru Checkmate last night we were told it would happen but this AM something stalled it again. Something got in the way of this being initiated. We hearing we're getting so close, PTB are stalling to get close to disaster then they can save the day.
8-15-2012 Newshound Guru L. J. We had articles that said Maliki is scheduled to go outside of the country to get investors to come in...If he is going out of the country to actually get the investors to come in, there has to be something he knows that he is willing to do that. These companies aren’t just saying we know Iraq is going to have a lot of money. Mercedes Benz is going to spend 22 Mil in Basra to put a plant there to build Mercedes Benz cars and I am sure they are going to be taking 500 Series over there…and they sell for $120 grand…so if they are building a plant that is going to build them, sell them and maintain them if they are not planning on having any buyers, why spend the 22M. they couldn’t do it without making some significant changes. [post 2 of 3...stay tuned!]
8-15-2012 Intel Guru Tony I've gotten calls...this AM... from bankers, folks in Iraq Gov saying good things happening today in Parliament...significant moves...this is the public part that they have to do to make this work...but this is not the day I heard for the RV and they do have a target date, which I won't say...all is good info. All are excited.
8-15-2012 Newshound Guru Adam Montana I am indeed hearing good argument for a rate higher than .10...they could RV at $1, $.10, or anywhere in between and we will all be happy. They could even RV a little lower than that and I think we will be happy, and if it's higher then GREAT! All the speculation in the world won't change the eventual rate, so let's all remember to stay grounded, patient, and thankful for the blessings we ALREADY have.
8-15-2012 Intel Guru Hammerman we have come to a place an time where intel is very hard to come...for the most part because I’m being told all is done...great things are in the works an coming to us fast...the feeling from all sources is very positive.
8-15-2012 Intel Guru Okie_Oil_Man WE ARE STILL IN A VERY GOOD POSITION. I HAD HOPED AND WAS TOLD THAT LAST NIGHT I WAS TO BE EXPECTED TO RECEIVE THE WORD THAT WE ALL WANTED. THAT TIME HAS PASSED AND THIS IS ANOTHER NEW DAY--BUT--WE'RE HEARING AGAIN TODAY OF THE IMMENENT FRUITION OF THIS COMING TO PASS AT ANY TIME. PLEASE BE AWARE THAT WE ALL ARE DOING OUR VERY BEST TO KEEP YOU INFORMED AND THAT SOME INTEL RECEIVED IS STILL CONFIDENTIAL. AS SOON AS I AM FURNISHED THE "FINAL POST" AND AM AUTHORIZED TO POST IT I WILL DO IT INSTANTLY.
8-15-2012 Newshound Guru SWFloridaGuy We won't have any problem converting our currency into another once it shows a significant rate change appreciation. It's a real currency. It's not really cashing out as much as simply converting into another currency...
8-15-2012 Newshound Guru Adam Montana Happy 15th of August, just 3-4 days away from the end of Ramadan. Here's my official feeling... things have been going GREAT lately, and I think there is a great chance for something to happen in the next 6 weeks. [post 1 of 4...stay tuned!]
8-15-2012 Newshound Guru Mailman17 WE SHALL SEE IF THOSE PESKY LITTLE SMALL DENOMS SITTING IN THE CBI’S VAULT MAKE THEIR APPEARANCE IN SEPT AS A PRE CURSOR TO THE NEW NOTES THAT WILL REPLACE THEM IN JAN IF THEY DO THIS IS WHAT WILL HAPPEN: THE SMALLS FROM 2003 WILL BE EXCHANGED FOR EITHER LARGE DENOMS OR US CASH. FOR THE MOST PART FROM SEP TO JAN...THEY WILL BE ADJUSTING TO A NEW RATE AND NEW BILLS (NEW TO THEM...BUT FROM 2003) COME JAN, A SIMPLE 1-1 WILL BE THE NORM AND MOST EVERY SINGLE 2003 BILL WILL BE OFF THE STREETS. NOW, ON THE OTHER HAND COULD THE NEW NOTES WITH THE KURDISH LANGUAGE MAKE AN APPEARANCE INSTEAD IN SEPT? WHO KNOWS, BUT THE CBI IS READY! [post 5 of 6...stay tuned!]
8-15-2012 Newshound Guru Mike Shabibi is not worried about the things that are coming out…The banking system is in great shape. I think he is a lot farther along that we thought he was. Significant amount of dinars he has taken off the street, thats huge for us, that means the dinar is drying up all over...he’s taken 1/3 of his total of the money thats in there into his system back plus what he has on reserve plus what he is drawing in off the streets and then we read this article about electronic banking – how all that is all together now...he is exactly where he wants to be, minus all the pressure of the government. [post 1 of 2...stay tuned!]
8-15-2012 Newshound Guru L. J. things are...coming together on the government side where we are seeing a bunch of activity inside of Baghdad and the power players. It seems they are going to do this reform and seems like they are trying to work together. Saleh more importantly than anybody has really been active and went down to Baghdad a couple of days ago and has been there...now he has gone off to Germany…we really feel optimistic about something happening...I just can’t believe there is so much synergy. [post 1 of 3...stay tuned!]
8-15-2012 Intel Guru Bear5642 "O" has absolutely nothing to do with the delay of the illusive RV. Iraq is in control and no one else...Iraq is now positioning themselves to be mega economic force on this planet. Several countries have invested billions in Iraq because their resources have not really been fully tapped into. I am a bottom line guy and this is the bottom line we are in possession of a great potential of wealth and the IQD WILL RV SOON!
8-15-2012 Intel Guru Bluwolf NO CHANGES ON OUR OUTCOME, NOTHING IS NEGATIVE ALL IS STILL LOOKING WELL, STATUS - JUST WAITING ON OUR CALL.
8-15-2012 Intel Guru Hammerman There was a big meeting tonight [Tuesday] between Maliki & the IMF, don't know why Shabibi would not be included in that. Also, there was a meeting with Talibani, Maliki & Shabibi and either or IMF and the World Bank. Info from China said that no group will go before the 22nd, just repeating what I'm being told. At this point in time the VND will go along with the IQD, they will all go at the same time. I think we are close, I will start to look for this after the 22nd and closer to the 1st of for tier 1, the rest between the 15th - 20th of September.
8-15-2012 Newshound Guru Mailman17 AN ARTICLE REFERENCING KUWAIT ...SEEMS TO ME LIKE A PIPELINE SAYS I LOVE YOU. THAT COMBINED WITH ART 140 AND ERBIL MOST LIKELY BEING DONE BY AT THE FARTHEST...MID SEPT GUESS WHAT THE UN SEES THEN - CHAP 7 AND WITH CHAP 7 COMES? 875 BILL DOLLARS. NO WONDER THEY WANT SHABS GONE. THEY WANT HIM OUT OF THE WAY OF THAT CASH. AINT GONNA HAPPEN, THAT’S HIS CASH TO BACK THE DINAR. THIS IS FANTASTIC AS IT NOW GIVES US THE UN'S TIMETABLE FOR ART 140 AND THE HCL TO BE DONE. [post 4 of 6...stay tuned!]
8-15-2012 Newshound Guru Med THE REST OF THE MIDDLE EASTERN COUNTRIES ARE NOT IN FAVOR OF RELEASING IRAQ FROM CHAPTER VII. THEY HAVE EXPRESSED THEIR DISTRUST FOR THE MALIKI GOVT AND BELIEVE IT IS NOW INFLUENCED MORE BY IRAN THAN THEIR OWN PEOPLE. I BELIEVE THEY HAVE BECOME A SEMI PUPPET FOR IRAN AT LEAST AT THE UPPER LEVELS AND THIS TO ME MAKES SENSE AND ALSO PUTS LIGHT ON THE REASONS FOR THE STATE OF LAW BEING AGAINST THE REVALUE OF THE DINAR. REVALUING THE DINAR HURTS IRAN AND NOW IT MAKES PERFECT SENSE ON THE NEGATIVE ATTACKS ON THE CBI AT LEAST THAT IS JUST MY OPINION BUT THE ACCUSATIONS MADE BY THE OTHER COUNTRIES SEEM TO MAKE ME BELIEVE IT TO BE TRUE. 8-14-2012 Intel Guru Footforward Can this go into 2013, absolutely yes it can. Can this go into 2014, yes it absolutely could. Do I expect it to...NO!! I really don't because that is not the plan of the majority of the people involved with this right now.
8-14-2012 Newshound Guru Breitling Iraq's oil output is at 3.2 MPD and the 2nd biggest oil producer in OPEC, outproducing Iran right now. Iraq has better system and Iran is under sanctions right now, so the reason is a little bit of both. But, Iraq, in the future, will simply blow everyone else out of the water.
8-14-2012 Newshound Guru Vic1 I BELIEVE...ALL THIS CAN BE COMPLETED...WITH ONE STROKE! NOT MAKING EXCUSES FOR ANYONE OR ANYTHING... WE HAVE HAD...MAFIA'S IN IRAQ...USING USD TO BUY DINAR...AND VISE VERSA... I TRULY...BELIEVE WE ARE AT SECURE LOCATION...IN GOING FORWARD! SHABIBI...TOOK A LETTER OF AUTHORITY TO FINANCE...HE IS READY!!!!
8-14-2012 Newshound Guru Med I HAVE SOME GREAT NEWS... I HAVE A MEMBER WHO IS HELPING ME OUT WITH INFORMATION DIRECTLY OUT OF IRAQ AND THE INFO I JUST RECEIVED...DOES CONFIRM WHAT WE HERE HAVE FIGURED OUT THAT YES PARLIAMENT HAS OK'D THE MOVE AND THAT THE REASON IS TO INCREASE THE VALUE BY THE DELETION OF ZERO'S FROM THE NOMINAL VALUE. I WAS GLAD THAT HE COULD GET A CONFIRMATION OF THE MINDSET WE HAVE DEVELOPED ON WHERE WE ARE RIGHT NOW AND WHAT THE FUTURE HOLDS FOR THE DINAR. SO THIS IS NOW WELL KNOWN IN IRAQ ITSELF.
8-14-2012 Newshound Guru Mailman17 WE ALSO SEE THEM AT 3 MBD UP FROM 2.6. THERES YOUR DEFICIT AND NOW SHABS HAS 67 BILL NOW...POOR SHABS, THEY WANNA KNOW JUST WHY THOSE PESKY DOLLAR/DINAR AUCTIONS WERE SO HIGH. SHABS DID WHAT HE NEEDED TO KEEP THE DINAR STABLE PERIOD WITH GUIDANCE AND APPROVAL FROM THE IMF. HE NEEDS TO EXPLAIN NOTHING. [post 3 of 6...stay tuned!]
8-14-2012 Newshound Guru BGG The Kurds (and the rest of the opposition) are keeping the option of removing Maliki “on the table” until he actually gets some meaningful “reforms” accomplished. Reforms – stand for getting Maliki to do as he has agreed to for nearly 2 years. Let’s hope Maliki takes them seriously.
8-14-2012 Intel/Newshound Guru Poppy3 WE SEE THE WORLD BANK, IMF, UST, FED, EURO, AND MANY OTHER COUNTRIES ALL TRYING TO INFLUENCE IRAQ LEADERSHIP AND THEIR CBI TO HEAL ALL THE MONETARY PROBLEMS OF THE WORLD. THEY BETTER BE PREPARING TO GET THEIR OWN HOUSE IN ORDER AND USE THE DINAR AS A SPRING BOARD TO HELP THEIR COUNTRY. MANY OF OUR OIL PRODUCTION COMPANIES, CONTRACTOR , BANKS, ETC. AND LARGE COMPANIES FROM AROUND THE GLOBE HAVE BEEN INVESTING CASH IN IRAQ FOR YEARS NOW TRYING TO GET THE JUMP ON ALL THEIR COMPETITION AND HAVE PUMPED BILLIONS INTO THE ECONOMY OF IRAQ AND THIS HAS AND IS KEEPING THEM FLOATING. BUT GUYS THIS WILL COME TO A HEAD AND THEY WILL HAVE TO RV. BE ENCOURAGED THE BLESSING IS VERY CLOSE.
8-14-2012 Comedian Guru BOBGETZ6 Good morning...! I would have been here sooner, but I was busy shining my "Guru Decoder Ring." It came in a box of "Sugar Coated Guru Puffs" and it determines the alignment of the moon, stars and tides every thirty seconds. It helps to determine prognostications as to the occurrence of the rv. [did it show the date and rate?] No, it isn't allowed to have that information. You must have a tier four clearance for that. [LOL]
8-14-2012 Newshound Guru Mailman17 AN ARTICLE CAME OUT TODAY...THE UN STATES...WE WILL FORM A TEAM TO SEND OVER TO IRAQ TO FOLLOW UP ON THE ADOPTION...KEY WORD HERE...ADOPTION OF THE HCL AND WE WILL BE THERE AFTER EID. TO ME THAT MEANS ONE THING - THE UN HAS TAKEN NOTICE THAT THE HCL AS GIVEN THEM BY IRAQ WILL BE IMPLEMENTED BY THEM BY THE END OF EID WHICH IS AUG 28TH, I BELIEVE. IMPLEMENTED, DONE FINISHED, IN THE BOOKS, ACTIVE! I SERIOUSLY DOUBT IRAQ WILL MAKE FOOLS OF THE UN REGARDING AFTER EID, AND WE WILL CASH IN AT THE BANKS. [post 2 of 6...stay tuned!]
8-14-2012 Newshound Guru BGG More good news...Saleh and a delegate from Kurdistan came to Baghdad Sunday (I think?) and met with Maliki yesterday. It is reported their intent is to stay in Baghdad until the arrival and announcement of a “National Meeting” by Talibani.
8-14-2012 Intel Guru Dinar Wishes things are still moving along...this is a much bigger job then they EVER anticipated...But, progress IS being made for the completion of this Event...Yes I said Event because NOTHING like this has Ever been done in our History as a Nation...Not on this scale...Get your plans in order.
8-14-2012 Newshound Guru Mailman17 1ST ARTICLE I WANNA MAKE MENTION IS THE ONE REGARDING THE INTENTIONS OF BRINGING OUT THE NEW NOTES THAT WILL HAVE A RATE OF 1-1 IN JAN OF 2013 BUT THEY WILL REMOVE THE ZEROES OF THE OLD NOTES. HOW CAN ONE INTRODUCE A NEW CURRENCY THAT WILL HAVE A RATE OF 1-1 MEANWHILE REMOVING THE 3 ZEROES PRIOR TO THAT. TIMING WISE...I PERSONALLY DONT THINK THEY MEAN REMOVING THE ZEROES A WEEK BEFORE OR A DAY. I THINK ITS A LOT SOONER THAN THAT. [post 1 of 6...stay tuned!]
8-14-2012 Newshound Guru Kaperoni As we begin the week, continued economic conditions in Iraq become a priority. Economic laws are lining up for the end of August. Some progress politically also seems to be in sight.
8-14-2012 Intel/Newshound Guru Poppy3 information today again shows deals being made daily behind closed doors. All are directed at solving different problems or crisis. This information is all in our favor and is giving me much confidence that they are attempting to be ready when the National Conference does take place, they will have many problems completed...Reason for the Maliki meeting today with the IMF is not confirmed but it would only have to do with money period...Stand strong...the blessing is coming our way. 8-13-2012 Newshound Guru Vic1 Look, to much has gotten done! They are hitting completion dates...quickly! NO NEED TO STRESS! We are in That OPTIMUM Position!
8-13-2012 Newshound Guru SWFloridaGuy There are many powerful governments, corporations and organizations that are all heavily invested into Iraq and looking to profit from this wealthy country as well. I do believe eventually Iraq's currency will recover. The only questions we have are the recovery duration and by what mechanism they will achieve this. If all the reports out of the CBI lately are true, we don't have that long to wait. One way or another Iraq will be added to the history books in 2012 and my money is on this being a historic appreciation shock. [post 2 of 2]
8-13-2012 Newshound/Intel Guru BGG More news about the return of Talibani and what is in store for when he gets back. Sounds like the Kurds are headed to Baghdad right now to wait for the return of Talibani and get going on a deal. [Article] also mentions them “carrying the terms of the Arbil agreement with them." Oh – by the way – there was also another article out today mentioning...Salih...meeting with Maliki either yesterday or today.
8-13-2012 Newshound Guru Kaperoni So here we see again that the CBI is ready. And this time they gave a detailed explanation of the project and implementation phases. This is clearly progress!! And, IMO, tells us we are much closer to the RV than they are letting us believe. This kind of information must be well guarded. It is the plan! The CBI knows there are loose lips throughout the GOI. So you decide…now that Shabibi has provided a detailed explanation of the project and implementation phases, how much longer can they wait? [post 2of 2]
8-13-2012 Newshound Guru SWFloridaGuy I ...believe that just as the IQD didn't get to their current value alone (UN imposed), they can't recover alone either. I believe this is all part of a well-orchestrated plan and while the IQD will not be the world's savior by any means, it does present a unique opportunity to rebalance the system allowing the Central Banks to use this currency as an adjustment tool or stimulus during this global financial crisis. In this respect a significant revaluation somewhere on par with the USD gains a bit more tenability. [post 1 of 2...stay tuned!]
8-13-2012 Newshound/Intel Guru BGG "It was agreed during a meeting with the Legal Committee to form a joint committee made up of ten members to gain access to the mechanism of consensus to approve the law of oil and gas." This is FABULOUS NEWS – they have been back and forth on this Oil and Gas Law (HCL) off and on since 2004 sometime. If they are actually serious about finishing this off anytime soon this is truly huge news!!! They haven’t even talked about this for months and now – BAM!!
8-13-2012 Newshound Guru Kaperoni The CBI is calling out the GOI. Either accept the free market economy and the benefits of that, or return to a central system in which the GOI would control all major sectors of the economy and formulates all decisions. In other words, enough stalling, enough procrastination, enough excuses! "The CBI sent a letter to the financial and economic committees in the House of representatives expressed its readiness to apply the draft three zeros from the currency be deleted during the next year and contains a detailed explanation of the project and implementation phases for the purpose of discussion in the House of representatives and a ceiling to be applied.” [post 1 of 2...stay tuned!]
8-13-2012 Intel Guru Checkmate I believe Iraq has nothing to do with this now. Dr Shabibi being on news in past saying RV will happen at such a time...and so has Maliki...& it didn't happen...i don't think they have had anything to do with it for a long time. I still believe we are at the end of this because I am watching the economy...i positively believe we are waiting on a further collapse of the economy. I BELIEVE that this will happen and because of whats going on I BELIEVE it will happen SOON.
8-13-2012 Intel Guru Tony Going back to the beginning, we have heard a lot of things and seen a lot of things. And while a lot was baloney there was little pieces of truth in all of it. Just like there is today. The whole middle east has changed. This is a moving target. All pieces have to fit in order for this to work. We've learned a lot of things over the last 2 years. I did get a call...the meeting went well in Iraq and that we should look for some kind of announcement...hearing after Ramadan...still trying to conclude this month.
8-13-2012 Intel Guru Gary we have finally admitted it, we are confused...the news is constantly changing...we're just waiting for the call saying it RV'd...lets wait to see what happens over the next couple days.
8-13-2012 Newshound Guru SWFloridaGuy what we know is Iraq is a solid investment. The new currency is going to be introduced, the zeros will be removed from the nominal value and the exchange rate will be raised. What we don't know is the timing, we shouldn't pretend to or require that of others. It's going to happen it's just never been on our time-frame. I really do believe whatever the CBI is planning to do will happen in 2012. We all recognize this potential or we wouldn't be here.
8-13-2012 Intel Guru BWM I have spoken on the phone to some ppl whom I never, ever thought I would converse with on the phone (a simple man in Mississippi doesn't expect to speak with certain gov and ex gov officials) the very idea that they would discuss the dinar just totally pumped me up and made me think "wow, this is the real deal" and they even gave dates during that time when they expected it too happen but they have admitted that dates have come and passed and they have no good reason many times to why it didn't happen...these were ppl whom I thought should know. So where do we turn if these ppl you trust to know can't get it right. Well, you have to consider ALL the information because at this point no one person has been right.
8-13-2012 Intel Guru BOBGETZ6 I am here this morning because I dare to dream and am invested like all of you. I truly believe that we are close on this, but there has been a lot of things behind the scene, which needed to be cleared up for OUR security as well as the entities that will be handling the eventual revaluation and exchange.
8-13-2012 Intel Guru Bulldog75 OUR 747s ARE READY. POST RV IS NIGH! OUR GIFTS COME SOON TO NOW.
8-13-2012 Newshound Guru SWFloridaGuy This is in Iraq's hands. CBI controls the rate and whether or not you believe that someone else is pulling the strings there is only one way to gauge how close we are and that's by following the preparatory steps taken by the GOI, CBI etc. There still are steps that can't be bypassed. Laws that must be passed, a GOI that must show stability. Only way to ensure the success of the economic reforms. I don't pretend to know the timing. Way too many aspects I will never be aware of. I hope like everyone else it will be soon. If you follow what the CBI, GOI, Finance Committe, CoM etc. are saying then I would expect to see a large currency appreciation prior to the introduction of the new currency between now and January. 8-12-2012 Intel Guru Soonerfan62 WE ARE REALLY IN A GOOD POSITION FOR THIS ELUSIVE RV TO FINALLY SHOW IT'S HEAD AND I FOR ONE AM VERY EXCITED TONIGHT THAT I AM INVOLVED. I THINK IT WILL BE A REAL GOOD WEEK.
8-12-2012 Newshound Guru SWFloridaGuy I think it’s pretty clear by now that the move to unseat Maliki was a bluff to force him to follow-through with implementing the formerly agreed upon legislature. After all, it would only inflame the crisis, not solve it. ...Maliki has some very good reasons to avoid being questioned before Parliament...he could be brought up on a lot of charges including corruption, crimes against humanity and of course refusing to provide even basic services for the Iraqi people. Iraq never moves at our speed but ...I do believe this new reform compromise is real and we may see a National Meeting in the near future. I have been wrong many times about the timing of this National Meeting and it’s left me a bit gun-shy when it comes to trying to pin down a time-frame. So, I’m just going to let this play out and hope for the best. These are just my opinions, which may or may not be correct. [post 2 of 2]
8-12-2012 Intel Guru BWM you have to deal with one of two trains of thought IMO...1. Iraq in control same rate throughout the entire world with not fluctuations in rate during a time dictated ONLY by Iraq and iraq only... 2. a globally (IMF etc.) controlled EVENT... which will take into consideration war repartations and saving economies as governments have crumbled throughout their economic policies...IMO... Iraq has no control or they could/would have pulled the trigger a long time ago...they are "acting" out a play to kill time until such time they are TOLD to go ahead and they will announce the international RV as a courtesy.
8-12-2012 Intel Guru Jonnywg i can tell you that i have received information that it looks really good in the next couple of days...I HAVE RECEIVED MORE RV SUPPORTING CALLS FROM SOURCES IN THE PAST WEEK THAN IN THE LAST MONTH. WE STILL HAVE TO WAIT AS NO ONE REALLY KNOWS WHO THE TRIGGER MAN IS ( WE SUSPECT A GROUP OF 5, EACH WITH A BLOCK IT VOTE). IT WILL BE RELEASED THE DAY AND MINUTE ALL AGREE. IT IS FELT THAT GREAT STRIDES TO SOLVE THE RV CASH IN HAVE BEEN MADE IN THE LAST FEW WEEKS.
8-12-2012 Newshound Guru SWFloridaGuy Major political reform is the direction the GOI is headed (ever so slowly). Talabani is calling for leaders to unify their positions and according to reports they have reached an agreement on 80% of the reform paper which is a great sign and potentially may lead to the end of the political crisis. The adoption of the applicable reforms may be the political stability the CBI is looking for. Does political stability mean Iraq must revalue their currency? Of course not. However, if you truly believe economic reforms are also on the horizon for Iraq (as I do), then it’s only logical to assume that political stability is necessary to ensure the success of the economic project. I have no proof Iraq will revalue their currency and I do recognize that it’s not a given. However, I choose to believe this is a solid investment. [post 1 of 2...stay tuned!]
8-12-2012 Newshound Guru Mailman17 READ...ARTICLE CONCERNING THE ATTACKS ON THE CBI AND TO ME...THAT SAYS WE ARE OH SO CLOSE BUT...WHY? WHY DO THEY NOT WANT THIS TO HAPPEN AND ONLY 1 REASON CAN POP UP...CORRUPTION AND RV JUST MIGHT LET OUT THOSE THINGS THEY HAVE HIDDEN IN CLOSETS FOR THE LONGEST TIME AND WE ALL KNOW MALIKIS CLOSET IS FULL. BUT, I ALSO THINK SHABS COULD GIVE A RATS ASS. HIS PLAN WILL GO DOWN AND IF BY CHANCE IT TAKES SOME OF THE CORRUPTION AND CORRUPTORS OUT...SO BE IT. SHABS HAS TAKEN ASSAULTS AGAINST HIS BANK, HIS INTEGRITY AND HIS PLAN FOR THE LONGEST TIME. HE HAS WEATHERED THEM FINE AND HE WILL WEATHER THIS ONE AS WELL.
8-12-2012 Newshound/Intel Guru BGG I am more than cautiously optimistic. We haven't seen anything come out in the news like we have had in the last few days. There is an extraordinary amount of good news...the tone is they are going to try and get things done. Talabani will probably set the National Meeting/NationalConference around the 15th to the 20th. 60% of the Iraqi people believe that all their problems will be solved with this National Meeting. If Maliki stalls this meeting again, he will have to reap the wrath of the people. Everything is headed in the right direction right now. If this National Conference takes place on schedule and the Erbil and the 2 ministers are put in place, and everything is agreed to, fully done and implemented, I feel there will be some move taken on the currency fairly quickly. I think we will see an RV long before Sept. 18th & 19th, long before that Banking conference that Shabibi is going to there...provided everything is done
8-12-2012 Intel/Newshound Guru Poppy3 We know what is needed, the HCL & Erbil, which takes away about 2/3's of Maliki's power, this is what I will be looking for at the National Conference. One of my contacts said that if we see all of this done and the National Conference, we will the RV within days. My concern is how much confidence Shabibi will have in releasing the RV immediately after all this is done. I truly believe was are extremely close to this happening. Things are looking good.
8-12-2012 Newshound/Intel Guru BGG If Dr. Shabibi manages the currency value in the future as he does now – there will be no “listing” on the Forex – hence, no need for testing. Just because it will be an internationally tradable currency does not mean it will be listed on the Forex. The only thing you see on there when there are “variations” are mistakes and movement of the currency it is “paired” with. That is all. For instance – the dollar moves a little here and there – it causes the IQD to “appear” to have minor fluctuations – IT DOES NOT.
Read more: http://www.dinarguru.com/index.html#ixzz23j0cfJV8
8-11-2012 Newshound Guru Vic1 SHABIBI...HAS SENT TO THE MINISTER OF FINANCE AN AUTHORIZED LETTER. ANYONE THINKS THAT SHABIBI IS FOOLING AROUND...WILL BE SHOCKED!!! THIS MAN HAS SHOWN SOME STAGGERING NUMBERS...THE NUMBERS THAT IRAQ HAS REACHED IN A VERY SHORT PERIOD ARE WELL.... INCREDIBLE!!! IRAQ...HAS NOW TAKEN SECOND PLACE IN OPEC! THEIR INFLATION IS BEING DEALT WITH AND THEIR GDP IS SOON TO HIT 11%. THEY HAVE OUT RUN MANY!!! THIS IS JUST THE START OF BETTER THINGS TO COME!!! YOU ALL READY TO ROCK THIS HOUSE!!! I AM! [post 2 of 2]
8-11-2012 Intel Guru Jonnywg THINK OF A SPREAD SHEET 185 COLLUMS WIDE (COUNTRIES) AND 500 ROWS DEEP FOR VARIABLES...AS THE PRICE OF OIL GAS GOLD SILVER AND THE USD CHANGES HOURLY THE FINAL PRICE IS ADJUSTED...THEN THE X FACTOR OF THE IQD PRICE ALTERS THE BALANCE SHEETS OF ALL AND THE FACT THAT 40 OR SO COUNTRIES HAVE AGREED TO A RV/RD + OR MINUS 2%...TIMING IS COMPLICATED AND INVOLVED. [post 2 of 2]
8-11-2012 Newshound/Intel Guru BGG ARTICLE: "Deputy for white demands to hold an extraordinary session of parliament this week to discuss the violations of the Central Bank" They are honestly trying to make a run at the CBI. This has been done numerous times before – it is an automatic non-starter. What a bunch of stooges. Brought to you by the same bunch of traitorous “sell-outs” who took Maliki’s money and jumped the fence. Ironically – they are going to accuse Dr. Shabibi of financing terrorism. You can see where they are headed – won’t happen.
8-11-2012 Intel Guru Hammerman i...set up a call with WB an IMF [ i normally let them call me] they wont talk straight, it is more coded, kinda read between the lines...from my best judgement they are prepping for about a week after Ramadan is over, this could be mis-info but i am just relaying my best interpretation of the call. [post 3 of 3]
8-11-2012 Newshound Guru Vic1 JUST WANT FOR ALL TO KNOW WHAT I SEE HAPPENING IN ALL THE WORLD. SO MUCH GOOD IS BEING DONE. WE ARE IN A VERY IMPORTANT POINT IN ALL OF THIS! WE ARE GOING FORWARD WITH MUCH GOOD IMPORTANT INFORMATION!!! YOUR IN THE RACE OF YOUR LIVES AND YOUR IN THE BEST POSITION ON THE BEST HORSE IN THE RACE!!! [post 1 of 2...stay tuned!]
8-11-2012 Intel Guru BWM [Did you guys see there might be forex action of some kind?] I hate to bust that bubble but...they have been babbling about the 10k% rise for over a year...most of those numbers they are looking at are not official. I spoke to someone at forex and the spikes are irrelevant pulses inherent in the software...not to say it won't show up there but too much has been read into it before for me to get excited about it.
8-11-2012 Intel Guru Jonnywg this weekend is shaping up to be a great one. i ...will be in both reno and houston getting intel...at this point i do not know what i can release but fasten your seatbelts as yet another promising period approaches. RENO HOUSTON ATLANTA SAN FRAN ARE UST STRONGHOLDS...RENO HAS NO ADVANTAGE. IF I GET MORE INFO I WILL COME BACK LATER.
8-11-2012 Newshound/Intel Guru BGG ARTICLE: "Iraq now second-largest oil producer" This is literally breath-taking. They will continue increasing oil output and cannot keep using an artificially low currency valuation – the world markets won’t allow this (long term). They have a little “grace period” because they are still a country coming out of a “war period” but that is wearing pretty thin right now. Everyone wants them to get on with it.
8-11-2012 Intel Guru Hammerman talked to Switzerland forex early this am, they are prepping system for more tests and...the live rate...they are trying to keep the public off guard. they are telling me they expect about about 57 countries to go up in value before oct. they also confirmed to me that they are being told all work is done from all sides. this is great news. [post 2 of 3...stay tuned!]
8-11-2012 Newshound Guru SWFloridaGuy I think up to this point the National Meeting adjournment has been due to Maliki fighting for control over the finalized details of the compromise they are trying to reach. In the press we have seen many articles about withdrawing the confidence from Maliki but reform seems to be what the real goal is and the only way to accomplsh that is to continue moving forward with the questioning and force his hand. Unless Maliki embraces a broad-based discussion with all factions regarding power sharing (which I think he finally has) his opposition will proceed with his removal. I think the next step is an announcement of the National Meeting, which is a great sign for us.
8-11-2012 Intel Guru BOBGETZ6 I do know everything is actually ready. It may now just be a matter of financial timing.
8-11-2012 Intel Guru BWM paperwork out today stating changing of currencies by first of week...don't get wound up like some calling for the immediate RV (not saying it couldn't happen just be patient) because this paperwork has happened before... in fact we should have been done wednesday according to the LAST paperwork that was released.
8-11-2012 Intel Guru Hammerman Iraq seems to be on super high alert, cant get the details just yet but some big meeting taking place in Kuwait with Maliki and Shabibi and 5 other countries including China and USA. there again seems to be alot of movement in the banks and screens going crazzy, private wealth mangers calling people, hedge fund guys acquiring more dinar and dong, so great banking stuff going on. the folks in Reno and Vegas are all pumped up and very happy...they all expect to be at the banks daily and really hyped up about it. i can find nothing bad anywhere...i build from a big puzzle from all intel...think we will not see anything before the 20th, just an opinion. [post 1 of 3...stay tuned!]
8-11-2012 Newshound Guru SWFloridaGuy I’ll believe they have reached a consensus on implementing a reform proposition when I see it. History has taught us to remain skeptical but the recent tone of the GOI certainly leads me to believe they are at least trying to strike a deal. The best sign for us would be a public announcement of a solid National Meeting date where the Iraqi List agrees to attend. Fingers crossed.
8-11-2012 Newshound/Intel Guru BGG They have a political agreement in place to get the Federal Courts and Supreme Judiciary Laws done – as well as a couple of others. Not only does it demonstrate them actually agreeing and getting things done – this will add some legitimacy to their government. This is something I have been talking about for a while...This is very, very good news for everyone. 8-10-2012 Intel Guru Gary We were told the closer we get to the event the more chaotic and confusing the news will be. Every time we turn around they are giving us different dates. They don’t want us to really know when it is going to hit. Everybody is ready. I do believe we are fairly close.
8-10-2012 Intel Guru Tony China is not making this decision. LaGarde is not making this decision. I got a call this morning. There is a huge meeting with EVERYBODY over in Iraq happening right now. Even though Iraq said they are out of it, they have done what they are supposed to do; this meeting is for what to do afterwards. They are supposed to come out of that meeting Sunday, Monday. Everything is still very positive. Everything is still pushing forward.
8-10-2012 Intel Guru Checkmate I believe 80% of the intel we've been getting is wrong...I also believe as we move closer to this event its probably closer to 90% somewhere...it is just flip flopping every other day...now more than ever the news is very very important because we definitely can't depend on nothing else...I hate to say it but nothing else really has any credibility...what do you believe in? Absolutely not the news but it gives us some kind of a guideline...
8-10-2012 Newshound Guru Kaperoni [article] "on Tuesday that the Central Bank of Iraq sent a letter to the financial and economic committees in the House of representatives expressed its readiness to apply the draft three zeros from the currency be deleted during the next year and contains a detailed explanation of the project and implementation phases for the purpose of discussion in the House of representatives and a ceiling to be applied.”...So here we see again that the CBI is ready. And this time they gave “detailed explanation of the project and implementation phases." This is clearly progress! And, IMO, tells us we are much closer to the RV than they are letting us believe. This kind of information must be well guarded. It is the plan! The CBI knows there are loose lips throughout the GOI.
8-10-2012 Intel Guru FreewayBill IMF is working very tight with the top people in this to make sure that this is as secure as possible. There is a lot of things going on behind the scenes that you don't know about to help us keep our money once we get it.
8-10-2012 Intel Guru SteveI I simply cannot imagine the following high ranking and most powerful people in Iraq [Shabibi, Minister of Finance, Chairman of the Finance Committee and others] going to this event or "International Conference" at the current exchange rate [Iraq Finance 2012 in London--I sent IF2012 news to Dinar Guru members 4 days ago...if you are not a member and want to get info like this ahead of most, get signed up in the blue box above]....Both [Intel Guru] Ray and I feel that this is a very good article and yet another strong reminder in the direction they are moving towards.
8-10-2012 Newshound Guru Kaperoni “Saleh made the comments following reports that many Iraqis had started losing confidence in the local currency by exchanging their savings into dollars.”...Well, well, want to collect 3-zero dinar? What better way than to instill a bit of fear?...I don’t know about you, but if this is a final push before to remove even more 3-zero dinars from the streets, I am convinced!
8-10-2012 Newshound Guru BGG Maliki seems to be “toeing the line” as he should have been all along. Iran wants him to be their boy, but it appears that to stay in power he has had to make a different deal. That’s great for us. Maliki was a staunch supporter of the Assad regime only 2 months ago – now he’s thumbing his nose at Iran who wants his help putting more military support behind Assad. He’s starting to act like the “leadership we left in charge” (as per President Obama).
8-10-2012 Intel Guru Okie_Oil_Man THERE ARE OVER 70 DIFFERENT PROGRAM'S AS I UNDERSTAND IT THAT IS SET TO GO ALL AT THE SAME TIME. THE COMPLEXITY AND LOGISTICS OF PUTTING A MASSIVE UNDERTAKING TOGETHER SUCH AS HISTORY HAS NEVER SEEN HAS BEEN SO INVOLVED THAT WE CAN'T EVEN IMAGINE WHAT IT HAS AND IS TAKING TO INSTIGATE. EVERYONE PLEASE BE AWARE OF THE PUSH BEING EXERTED BY THOSE IN CONTROL TO HAVE THIS ACCOMPLISHED. IT IS TO THEIR ADVANTAGE FOR THIS TO HAPPEN AS SOON AS HUMANLY POSSIBLE. THERE ARE NO DELAY'S--ON THE CONTRARY--THINGS ARE MOVING AT THE SPEED OF LIGHT NOW AND IT SHOULD NOT TAKE LONG FOR THESE PROGRAM'S TO BE INITIATED. [post 2 of 2]
8-10-2012 Intel Guru Okie_Oil_Man AS EACH DAY WE ARE CLOSER AND CLOSER TO OUR DESTINATION AND ALL THE INTEL AVAILABLE STATES THAT WE ARE AS CLOSE AS WE CAN BE AND ANY MOMENT THIS BLESSING COULD OCCUR WE SEEM TO BE IN THE POSITION OF BEING IN THE RIGHT PLACE AT THE RIGHT TIME. ALL INDICATION'S ARE THAT THIS COULD AND WILL OCCUR INSTANTLY WITHOUT ANY FANFARE OR PRE-ANNOUNCEMENT'S.
[post 1 of 2...stay tuned!]
8-10-2012 Intel Guru Hammerman there are again rumors of some parts of Iraq showing a full rv rate...at this point cant prove anything...Iraq shows great improvement...alot of building projects start up next week...over 50 large in excess of 2 billion dollars, large malls, motels and resorts...also there are very big oil deals taking place now...major oil company will be building some of the largest refineries in the world in Iraq so something has to happen real soon...dont believe too much on what ya'll seeing an hearing on the forex...they’re manipulating numbers is all. look for some hints of more stuff on asset backed monies and more and more countries changing money...most are trying to get away from the US dollar so there is alot of little tell tale signs of global realignment and rv of monies...im happy, ill stay on this.
8-10-2012 Newshound Guru Adam Montana I'm happy with the progress they have made. Any of my long-time followers knows that I've never been a "RV Monday!" guy - I've always preached the "slow and steady" course. We have been going slow and steady for a long time, and the train is approaching.
8-10-2012 Newshound Guru BGG Article - "The CIA has an archive of most Iraqi politicians scandals" I have a funny feeling this is why we are seeing everyone “playing nice” right now. It is an odd turn of events that a week after we were public about this thing being all about votes – there seems to be a radical shift in policy (by the US) putting us on the opposite side of the fence with Iran and finally getting things moving forward. Just odd is all I’m saying.
8-10-2012 Newshound Guru Med PAY CLOSE ATTENTION TO THIS, THE CLOSER WE GET TO ZERO HR THE MORE I EXPECT TO SEE PERSONAL ATTACKS ON CBI'S REPS LIKE SHABIBI AND SALEH AND CBI ITSELF. I AM GAUGING HOW CLOSE THIS IS TO POPPING BY THE NATIONAL ALLIANCES ATTACKS IN THE MEDIA AND THEY LOVE TO DO IT. NOW PERSONALLY AGAIN AND BY FACTS WE ARE SITTING ON TOP OF THIS I HAVE SEEN NOTHING OR HEARD ANYTHING THAT MAKES ME AT THIS POINT THINK ANY DIFFERENT THEN I DID YEARS AGO OR EVEN TWO DAYS AGO. 8-9-2012 Newshound Guru SWFloridaGuy the IQD is not traded on forex. Staring at USD fluctuations, forex calculators and thinking every yahoo glitch means we RV'd is a futile exercise. The CBI determines the exchange rate and must support that rate by maintaining adequate foreign currency reserves to handle capital flows across its borders and the IMF permits them to implement currency controls in order to stabilize their economy during its redevelopment phase. Presently, international banks will not accept the Dinar, and it is not traded on any Forex exchange. Actual purchases are made through currency dealers that have been authorized to buy and sell banknotes that are already in circulation. When a country decides to implement a large currency appreciation, in accordance with IMF approval and instruction, their Central Bank will send the adjusted rate to the BIS and from there it will be released to all Central Banks around the world simultaneously. This will not show up on forex first because the IQD is not traded on forex markets.
8-9-2012 Intel Guru Hammerman erbil is done, hcl is done, all is done after talk with China and IMF. I am certain all is done just not all out in the open. We are at a point where it is just a timing and logistic event. It is my belief that there is no possible way for any tier level to go before the 17th and really more like the 22nd, an open rv seems to be looking like mid to late Sept., but no dates are certain – the whole thing could show at any time. I am just telling ya'll as I am told...after talks with some in Vegas and Reno, they all think this could show this week. At this time i do not, but intel changes...I truly cant find any negative or any major things not complete.
8-9-2012 Newshound Guru SWFloridaGuy Maliki has never chose to compromise but I think he's now been forced to in order to avoid his questioning before Parliament. Unless Maliki embraces a broad-based discussion with all factions regarding power sharing (which I think he finally has), his opposition will proceed with his removal. But no longer do they appear to be headed in that direction. I think the next step is an announcement of the National Meeting, which is a great sign for us. Talabani has been calling for a National Meeting and it appears upon his return that is what we will see.
8-9-2012 Intel Guru Footforward the USA did not bring back all the Dinar from Iraq in order to see it RV for nothing...it will help us recoop the war and rebuilding costs...our own government is invested here and intends a return and has paid a great price for that return...do you think the USA went through all this trouble for only pennies on the dollar to settle for a ten cents rate. Our currency is not going to be worthless. the Iraq National Conference...has already been done. When the RV happens they will come out and magically say it was all being handled behind closed doors. Once again affirms FOR A FACT that it is out of Iraqs hands now.
8-9-2012 Intel Guru TerryK THIS MAYBE IT PEEPS, NOT SAYING IT IS BUT IT SURE LOOKS GOOD...I HAVE THREE CALLS IN 10 MINUTES. I’M TRYING TO GET MY FOREX GUY NOW...WELL I GOT MY CALL AND I JUST GAVE MY WORD, I CAN’T SAY ANYTHING I GOT A GAG...IM BUSTING AT THE SEAMS HERE WANTING TO TELL U ALL...BUT IT’S ALL GOOD... i will give you a clue...watch what obama is saying today, tonight and then look at forex...you will see what we are being told...thats all i can say...gag order.
8-9-2012 Intel Guru Blaino "REVALUATION WARNING" THE "IQD" OR "IRAQI DINAR" IQD IS CURRENTLY RE-APPEARING ON TELLER SCREENS IN MANY AREAS AND ACROSS THE BANKING SECTOR. THIS VERY INFORMATION MAY NOT BE APPARENT TO THE TELLERS THEMSELVES...A WARNING IS A TIME DURING WHICH "MOST" CONDITIONS ARE FAVORABLE FOR A REVALUATION TO OCCUR AND THAT OCCURANCE CANNOT BE RULED OUT BEYOND A REASONABLE DOUBT. WE ARE ARRIVED AT THAT PLACE IN THE CHAIN OF EVENTS WHERE A REVALUATION COULD HAPPEN AT ANY TIME.
8-9-2012 Intel Guru BellaGrits I am very happy with where we are...things look great and have for awhile...all is done, all is well, good is conquering bad...that's about as good as it gets...timing is on our side...things look very promising and I am very encouraged.
8-9-2012 Newshound/Intel Guru BGG More good news. Najafi (who has been acting more like the IS leader “by proxy”) is insisting on the naming of the Defense and Interior candidates – likely before the National Meeting. The pressure is on to get these two jobs filled (not by Maliki). These are some of the core issues we believe have held up this currency play.
8-9-2012 Newshound Guru Med THE DINAR AUCTIONED OF OFF BY SHABIBI, THE DINAR WE GET, SHABIBI YESTERDAY EXPLAINED WHY THERE WAS A TRADE OFF. THE COUNTRY NEEDED IMPORTS THEY CANT GET AND HE HAD TO AUCTION OFF DINAR SO THAT HE COULD IMPORT GOODS THAT WERE NOT ALLOWED UNDER THE DFI WHICH AMOUNTS TO 138 BILLION I BELIEVE HE SAID. THIS IS IMPORTANT, HE IS JUSTIFYING THE ACTIONS.
8-9-2012 Newshound Guru Adam Montana Declare our large denoms null? They could do that, but it would be worldwide political suicide...if they "delete the 0's" and turn .00086 to .86, that's the RV we are looking for. (Sure, it's not $14.72 like some...say...but let's be realistic! .10 or anywhere near that is a GREAT return and puts food on a lot of tables.)
8-9-2012 Newshound Guru SWFloridaGuy It seems like Malik's hand just needed to be forced for him follow through on formerly agreed upon issues. I think we are moving right along schedule. All we can do is watch the preparatory steps taken by the GOI, CBI, Finance Committee etc. The GOI is getting their house in order and then the CBI will make their move (whatever that may be). Either way it looks like this should be wrapped up in 2012.
8-9-2012 Newshound/Intel Guru BGG Article "Baydhaa parliamentary bloc : the national meeting after the return of Talabani will have a productive impact on the political process." More great news about a National Meeting upon the return of Talibani. While we want to stay balanced – this is awesome news!! I would expect some kind of announcement upon his return and movement towards an actual meeting shortly thereafter.
8-9-2012 Intel Guru TerryK we should have a flurry of activity after end of Ramadan - 18 or 19 - then 3 day holiday - 23 to 30 Aug 2012. There's a big meeting coming up, slated for Sept. 18 and 19. Whether or not they will want to have currency valued at something before this or after is the big question.
8-9-2012 Newshound Guru Kaperoni On the positive of lifting the zeros from the IQD, the operation of lifting three zeros from the IQD, according to a study and sound physical [fiscal?] policy, will lead to these positive factors: One, it increases the monetary power of the IQD to buy things. Two, it increases the value of exchange from the dinar to other currencies. Three, it provides more confidence for more foreign investment in the economy. Four, in increases the confidence of the Iraqi citizen in his own currency, as is the case with the dollar and other currencies in their own countries. [post 3 of 3]
8-9-2012 Intel Guru BOBGETZ6 [do you...agree it is going to come out above 1.00] Way above, IMO. As I see it, maybe within the next 48 hours all the way to 9/1. My mind is set on 9/1 to eliminate stressful situations.
8-9-2012 Intel Guru Jonnywg IT COULD TAKE TIME OR IT COULD BE TOMORROW. MADAM WU IS THE PERSON IN CHARGE AND IS A CHAMPION OF HUMANITARIAN RIGHTS AND THE REBUILDING OF USA. MADAM WU HAS TO SATISFY MANY COUNTRIES AND MANY EGOS. I TRULY BELIEVE THAT THERE IS A GOOD CHANCE THIS EVENT WILL TAKE PLACE SOONER THAN LATER BUT ALL IS READY TO PROCCEED...IN MY OPINION THE PUBLIC RATE WILL BE $4-7 AND A GROUP RATE WILL BE A BIT HIGHER. I HOPE TO HAVE SOME GOOD NEWS BY FRIDAY AND I WILL POST. [post 2 of 2]
8-9-2012 Newshound Guru Adam Montana I already said I see a good chance for it to happen this year. Regarding the rate, I'll tell you like this. My opinion that it makes more sense to RV at a dime than a dollar was formed a long time ago NOT on rumors - I formed my opinion based on logic and numbers. That logic stays the same, and the numbers are still there as well. There has been nothing but GOOD news in relationship to the things I used to form my opinion, so if anything - I would have to raise my estimate. To sum it up - .10 still makes sense to me, I can see it going higher than that, but I still don't see any chance or reason they would come out over $1.
8-9-2012 Newshound Guru Kaperoni Now this quote is simply amazing. “This does not affect the value of the dinar so far but it opens the dinar to the free currency market such as against the dollar, etc.” It is telling us that the value of the old dinar (3 zero notes) is not effected. Clearly, this is what we want. Some may want to interpret this saying “yes the value does not change and the exchange rate also stays the same,” ie (LOP) Well this next quote…puts an end to that theory as well...“If three zeros were lifted from the IQD, this means the IQD becomes stronger 1000 times in terms of value.” This in itself is all we need to be assured of our investment. But the good Dr. [Bakri] gives us the dagger in the LOPster heart with this gem of an example…“For example, a pack of cigarettes that was selling for 1000 dinar would be only 1 dinar. If it was a conversion like that, if the three zeros were lifted from the previous currency, this means the old 1000 dinars will buy 1000 packs of cigarettes instead of 1.” [post 2 of 3...stay tuned!]
8-9-2012 Newshound Guru SWFloridaGuy We are seeing not only from Maliki's camp but also from his opposition that they are maneuvering toward reaching (or already have) a consensus on implementing a reform proposition. Of course until we see this actually happen, history has taught us to remain skeptical but the recent tone of the GOI certainly leads me to believe they are at least trying to strike a deal. The stability of the GOI is undoubtedly an appurtenant component to any currency reform project the CBI may be working on. So, if true, this is great news for anyone investing in Iraq and something we should all keep an eye on. [post 2 of 2]
8-9-2012 Newshound Guru Vic1 THE DINAR IS NOT, I REPEAT IT IS NOT AN EXOTIC CURRENCY!!! THE REASON SHABS IS PRINTING NEW CURRENCY IS BECAUSE ALL THE SMALLER DENOMS THAT WILL NOT LEAVE IRAQ WILL BE WORTH ALOT OF MONEY IN IRAQ AS WELL AS IN OUR CURRENCY EXCHANGE HERE! HE IS GOING FROM 4BILLION PIECES OF PAPER TO 1.8 PIECES OF PAPER! ECONOMICS...101! THE LESS SUPPLY THE "HIGHER" THE VALUE!!!
8-9-2012 Intel Guru Jonnywg expecting things to happen shortly…all appears to be done but it is not final for unknown reasons...it is quiet, but strangely quiet...there is no intel to give...all has been completed for 2 months or more and it is greed and interference that is the delay. I can say that we are and have been in a favorable position for a long time. The bank screens are being played with and currently show values at the back currency screens or $4.15 for the IQD. [post 1 of 2...stay tuned!]
8-8-2012 Intel Guru Tony I just think that there are things going on in the region that is holding it up & I think that these things are being taken care of right now. IMO, things are being done now to protect money from getting into the hand of terrorists. It is not going to go to January, it's not going to be that far. I am expecting this real soon!!
8-8-2012 Newshound Guru L. J. & Mike lets think back about a month or two...what did we hear…Najafi is with the Erbil 5...Maliki is upset ..calling for Maliki to be questioned and Withdrawal of Confidence...Nujafi was anti Maliki – well today “Maliki and Najafi will find a mechanism for the systematic implementation of the reform process” Look at the change in the attitude of all the players. The words are so different...when you see these things this is real reform...people sitting down getting pictures together…talking…something has definitely changed for them to do and say what they are doing...maybe its...them having the sense of urgency because we know our political future and time is running out...we have played this game too long.
8-8-2012 Newshound Guru Adam Montana In my opinion there is better than a 50/50 chance of it RVing rather than l0pping. COULD they go either way? Of course! I just feel it makes more sense to raise the value and THEN introduce new notes. They will pay out a little more on the older notes, but they will also benefit from the move and THAT is what they are concerned about. They want to make sure IRAQ benefits and profits, and they WILL do so if they RV with a stable government, stable inflation rate, and solid plan.
8-8-2012 Newshound Guru Mike they want to use Letters of Credit to start financing everything thats going in and out of Iraq so they can make sure they have legitimate deals…With a Letter of Credit everybody has to perform…everybody knows where they are at and a whole legal system that comes into play internationally when you mess with Letters of Credit...Gives the Central Bank a stronger standing to put a lid on their economy...that was the next step we were waiting to see.
8-8-2012 Intel Guru Checkmate I absolutely believe that the Iraqi dinar has to improve back to where it was or higher. I am very positive that this could happen at any minute, but I am OK it it lasts longer.
8-8-2012 Intel/Newshound Guru Poppy3 I got a great call last evening and the rumors on the streets of Baghdad are saying the RV is very close and people are said to be preparing to return from kuwait and other regions back to their homes in Iraq. They left for humatarian reasons. Lack of money, health care, etc. Those with the means to leave and work elsewhere are now talking and planning to return very soon. This is great news because they have intel we are not privy to. The professional people like DR's, engineers, lawyers, etc., they had the means to leave and also have inside connections to gather information you and I could not get from the inside of the GOI in Bagdad. I am very encouraged that political progress seems to be moving fast to completion and the public responding in this way definitely shows what BGG and I have been reporting is in fact taking place. Once the politics are in line, our blessing should fall in our laps before we even know it.
8-8-2012 Newshound Guru Doc Our opinion continues the initial rate will be around $1. This in and of itself is huge; however, all of Shabibi's statements around initial rate talk about being on par with the USD. A recent article suggested the common citizen is expecting something slightly above $1 and at that point would trade their USD for dinars. This also supports the estimate of $1.13 to de-dollarize the country. We continue to believe the rate will be of this magnitude because Shabibi has also stated he wants the dinar as the currency of choice going into 2013. To RV at the massive rates being reported would be economic suicide for Iraq. Also remember the CBI is a privately held business and as such exits to make money. RVing at a lower rate and working the rate up over time affords the CBI of a greater profit potential. We report, you decide. [post 4 of 4]
8-8-2012 Newshound Guru Kaperoni Now this quote is simply amazing. “This does not affect the value of the dinar so far but it opens the dinar to the free currency market such as against the dollar, etc.” It is telling us that the value of the old dinar (3 zero notes) is not effected. Clearly, this is what we want. Some may want to interpret this saying “yes the value does not change and the exchange rate also stays the same,” ie (LOP) Well this next quote…puts an end to that theory as well...“If three zeros were lifted from the IQD, this means the IQD becomes stronger 1000 times in terms of value.” This in itself is all we need to be assured of our investment. But the good Dr. [Bakri] gives us the dagger in the LOPster heart with this gem of an example…“For example, a pack of cigarettes that was selling for 1000 dinar would be only 1 dinar. If it was a conversion like that, if the three zeros were lifted from the previous currency, this means the old 1000 dinars will buy 1000 packs of cigarettes instead of 1.” [post 2 of 3...stay tuned!]
8-8-2012 Newshound Guru SWFloridaGuy There are many reports lately suggesting that an agreement on key reforms has been struck. If Maliki advocates strict adherence to these reforms, then we may see a National Meeting where the Iraq List is in attendance. Allawi has made it clear that unless parts of the Erbil agreement are implemented they will continue to boycott any attempt at a National Conference, just as they did last time. So, the fact that they are coming back to the table and moving away from questioning the Prime Minister is a great sign that there truly is a deal in the works. [post 1 of 2...stay tuned!]
8-8-2012 Newshound/Intel Guru BGG We do not have to worry about how many dinar are in circulation. The Iraqi dinar will be used as a foreign currency reserve. The only dinar that Iraq has to worry about are those that are inside the borders of Iraq and that will just be traded in for the new notes. I don't think it will come in at a dollar or less, I think they will come out at a reasonable rate to make it attractive for Iraqis to trade in their dinars otherwise they will not have confidence in it. I think that no matter what it comes in at, it will go up. I personally think it will come in at a good number. This is a brilliant economy to be invested in with money!!
8-8-2012 Newshound Guru Adam Montana No RV yet - I don't care who said people were cashing in over where, what bank screens are flashing numbers in the back room, or who's janitor overheard Maliki texting Shabibi about $3.86... it didn't happen yet...with that out of the way (sorry to let anyone down!) we are still looking at a couple of important events and opportunities in the very near future, BUT NOT UNTIL after Ramadan. Until Ramadan is over (August 18-19) nobody will be cashing in...the good news is that right now we are nearing the end of this month-long holiday and from the looks of it - things are coming along VERY nicely and...YES, I believe it has a chance to happen this year. Exactly when? Who knows. Definitely after Ramadan is over, after that it's open season on the RV Geese.
8-8-2012 Newshound Guru L.J. We are seeing cohesion and unity – they are making efforts for reform…I thought we would see withdrawal of confidence before we saw reform honestly…I didn’t think they would be able to bridge the gap. The language we are hearing in the last couple of days has been really pointing toward...an agreement between them to where they could move forward...I am excited about what I am hearing...the fact that Allawi is open to meetings and Maliki is meeting with the powers and Maliki pushing for Mutlag to come back…Mutlag stepped in and has some extra powers and he’s utilizing them...trying to work out the Oil & Gas Law…everything we see is about working the crisis out and that gives us all reason to be encouraged. .
8-8-2012 Newshound Guru Mike CBI went to Parliament and threw down a letter and said we are going forward with the deletion of 3 zeroes project…Parliament accepted that Letter. I think it was a brilliant play on Shabibi’s side – they said maybe you need to come and talk to us and explain it a little bit more because there are still some who don’t understand….he said sure he would be glad to do that.
8-8-2012 Newshound Guru Doc We continue to be amazed that a few sites are trying to resurrect the $14 initial exchange rate or at least the $3+ range. They continue to argue Shabibi said this when he said he wanted the dinar to be the strongest currency in the ME. Unfortunately this ignores the macroeconomics of currency reform all together. When Shabibi makes this statement he has never referred to this as the initial RV rate but as the ultimate goal with a 3+ year horizon. He knows he needs much more oil exports, a diversified economy and most importantly a stable GOI to get there. He also knows the infrastructure is not there currently to support those valuations. If we know this then be assured Shabibi is many steps ahead of us. [post 3 of 4...stay tuned!]
8-8-2012 Newshound Guru Kaperoni Now here is where we learn what Iraq is really doing. Despite all the articles, misdirection, and confusion with terminology this quote tells us exactly what is happening…This is absolutely the most direct and powerful statement we have heard. This is not an opinion, but a factual statement…"the present authorities have decided to change the Iraqi currency to a new currency”. Now this also tells us that they are NOT deleting the zeros off the notes. And it tells us that “collecting the notes” is what is happening to reduce the money supply. [post 1 of 3...stay tuned!]
8-8-2012 Newshound Guru Breitling Kaperoni is absolutely right, the dinar will be an exotic currency at first & will be controlled, but it won't stay like that forever, they have talked about becoming free market economy. Yes, they can justify at coming in around just below a buck, so that is my range 6 cents - 10 cents, to up to a buck. Will they get above that? Absolutely they will. And that's up to the CBI. That's why I'm in this investment, I didn't get in for just a few pennies. I haven't seen any math that changes that.
8-8-2012 Newshound/Intel Guru BGG This is not a lottery ticket, you purchased money, a currency. This is a currency of a country, a foreign currency, money! As soon as it becomes an internationally tradable currency it will increase in value. Iraq is the number one ranked hottest economy in the world right now, this is from the World Business News. They are mega wealthy in natural resourses, gold, natural gas, etc. It's impossible for them to operate long term under this pre-programmed rate. 8-7-2012 **** BREAKING NEWS **** HUGE Dinar Conference coming soon...CBI Governor Shabibi himself is scheduled to speak! Here's a quote from the press release "Our support and participation in the conference are the best ways for Dinar Trade to gain visibility into Iraq's plans for the exchange rate of the Dinar and any pending changes in valuation by the central government." I'll send the full press release to Dinar Guru Members...if you are not a member--simply enter your name and email in the blue box above and you won't miss a thing!
8-7-2012 Intel Guru Checkmate I am really encouraged to see some really positive things going on. Glad to see progress in Iraq being made, they are putting the pieces together. We don't know the date or the rate but we see progress, we know it's going to go up and that's a good place to be. There is not one piece of evidence that shows anything different than that. I don't think it will go much further, I know it's going to happen soon.
8-7-2012 Newshound Guru Kaperoni we have articles...from various Symposiums held by the Central bank of Iraq in which they state..."the point of view the central bank is that the deletion of zeros does not affect the value of the Iraqi currency" yet again confirm the dinar will retain it's value and no LOP.
8-7-2012 Newshound Guru Doc There are numerous reports of the GOI trying to delay currency reform once again. The good news is Shabibi is emphatically saying "No way!" We are extremely encouraged by the following report "...The Central Bank of Iraq has agreed with the Economic Committee of the Iraqi Parliament to introduce the new banknotes in September 2012, which will be used in parallel with the current banknotes for a year. The CBI will completely withdraw the old banknotes by September 2013." We learn from this 1) Shabibi has has enough and is marching forward and, 2) we will have 1 year until the old notes will be retired. It also brings to light that the exchange rate should be within the September...October timing we have been speculating for many months now. [post 2 of 4...stay tuned!]
8-7-2012 Newshound/Intel Guru BGG Do you need some good news? We have been looking for a National Conference, now being referred to as a General Conference, where we believe they will unveil everything. I have the heads up that it might be coming, it looks like it is going to happen...this is crazy good news. Also an article refers to the conference and refers to a date of the 16th. I project that things will move fairly quickly after that. Of all the investments that I could think of to be in anywhere in the world, at any time in history, we are sitting on a monumentum, momentous, massive incredible opportunity right here, right now. There is unbelievable news right now. I am happy to be here, it's been a little bit of a ride but we are in a fabulous place right now.
8-7-2012 Newshound Guru Mailman17 i see parliament is in full approval of shabs plan but that plan simply states the new denoms will come out jan 1 and have a rate equal to the dollar...i still think the smalls printed from 2003 will come out first...parliaments moving fast law wise especially concerning the courts...in other words they are taking away malikis power to use the courts to his advantage...the no vote is still very much alive...they want maliki on a spit, slowly turning till he's done but to get that done they needed to take the courts power away concerning just what maliki can do and that being done as we speak...let it play out, almost home, political posturing then…the kill.
8-7-2012 Intel Guru Footforward We have undeniable proof we are right on top of this. This could happen 10 minutes from now or it could have already happened. Ramadan is of no consequences. Syria has nothing to do with this. Iraq has nothing to do with this. It is actually a matter of timing. The media does not tell you everything. The VND and all the currencies will go at one time in order to accomplish what they want to do. In my opinion, I think we are looking for double digits. Even the bad guys want this done by Jan. 2013, will it go till then, I don't think so. Based on what happened today, it could happen anytime.
8-7-2012 Intel Guru Bluwolf I DO NOT CONTROL THINGS AND THE EXPRESSIONS SAID BY ME ARE PRECISE AT THE MINUTE. ALL WILL COLLAPSE BEFORE IT GETS BETTER...THE TIMING IS STILL ON TRACK...WE ARE SECOND BY SECOND PERIOD.
8-7-2012 Newshound Guru Doc As predicted nothing of significance has been made public during Ramadan. We still have several days left and we continue that no announcement is forthcoming concerning the RV. What we are interested in is all the under-the-table deals we are confident that have occurred during this time. There have been hints in the media that Maliki and Allawi may have come to an understanding. Unfortunately the news concerning Ebril has not been as positive with numerous reports of the Kurds forming their own country and even issuing their own currency. We continue to postulate these are still negotiation tactics and we will see these deals emerge and become public later this month into September. [post 1 of 4...stay tuned!]
8-7-2012 Newshound Guru Breitling The rate these guys want to come out at is a buck. But, do not get tied up on a rate and do not get tied up on a date, and do not apply some conspiracy theory to this investment. I had a question, "Why don't we just go in there and have them revalue it". Remember when Shabibi said the dinar would be a world reserve currency for other countries, well, if you look at how they are setting everything up, if they don't have that stuff in place it is not going to sustain it. They have to maintain the rate. You just can't go in there & force it & make it happen, you can't artificially do things. You have to be patient. They have a time frame to get it done, what that is. we don't know.
8-7-2012 Newshound Guru Phoenix3333 Meeting brings together Maliki and Allawi. "A meeting between the Prime Minister and leader of the Iraqi List, noting that there were signs of easing the crisis. There are positive indications on the horizon, especially after the return of the Deputy Prime Minister Mutlaq and a visit to his office a delegation from the Iraqi Prime Minister Maliki evidence of a convergence of views between the parties."
8-7-2012 Newshound/Intel Guru BGG it's all about the events - not the dates...if things go well - we're not that far off. I was asked when my patience [will] wear thin...if this gets around the end of Q1 2013 and we're still sitting here looking at Maliki shenanigans I'll be worried...otherwise - we're all good. I don't look for things to go on much longer - there are some good things getting done as we speak.
8-7-2012 Newshound/Intel Guru BGG I don't care where it comes in at - I have an idea where it's headed. In fact, if it starts in the low three's I may leave a considerable amount in Dinars as I have an idea as to what will happen...my gut says a bit more than a dollar is the very bottom side. Worst case. I just don't see it at a dollar (unless it's a very short - initial rate). I truly think it will get to a bit over four bucks sometime in the first year after coming out - don't care where it comes out...at some point in the near future, it will be worth more...and that's why - if it starts in at a low 3 number I'm not in a big hurry... I agree the drastic move from a dollar + to over 4.00 in a year would be currency "whiplash" and does carry with it some inherent risks - I am under the impression - both from sources and the lack of any real proof otherwise - Dr Shabibi will directly manage the IQD pricing for some time. I doubt it will be a Forex currency for quite a while.
8-7-2012 Intel/Newshound Guru Poppy3 i don't buy the rv coming out low and going high at all...that is not what the DR said...and about the dinar not being marketable at the higher price??? Well Shabibi stated they could actually sustain up to $14 plus against the USD. Then they are not afraid of a run on the bank in country KUWAIT WASN'T WHEN THEIRS CAME OUT HIGH AND EVEN WENT HIGHER before dropping 9 days later?? One to one doesnt help their revenue to rebuild their country. I have my faith in what I have studied.
8-7-2012 Newshound Guru L.J. Things are starting to move...it seems that the end of Ramadan is a target time frame...makes sense Talabani is supposed to be back after Ramadan...and we see they trying to have the reforms done before the end of Ramadan...with that we have reason to have encouragement to see something take place and we just hope that with what Shabibi is telling us and what the banking sector is doing that it all comes together like we think and know it should...we are starting to see some movement...please have cautious excitement and optimism because as we have always seen deadlines come and go. 8-6-2012 Intel Guru Hammerman Chances are the longer we wait, the higher the rate goes up. I had a conversation with Ms. Wu today, she is pushing for this to go through. There is going to be some major movement with currencies tomorrow and a major currency announcement. The global realignment of currencies has started. The RV will not take place for 2 - 6 weeks...look between the 20th of this month until Sept. 25th. Everything is in place
8-6-2012 Newshound Guru Kaperoni There are a lot of pieces to the puzzle regarding the rate. Shabibi has a lot of issues to deal with inside Iraq. He has to build the banking sector. They have what is referenced to as a staging rate of 1 to 1, or slightly above or slightly below. That rate will not cause a stampede to the banks. No one knows what the rate will be until it happens, only the IMF and Central Banks have discussed this. But, this rate would make it a very attractive currency for Central Banks around the world to purchase it & that's why a staging rate of 1 to 1 makes perfect sense. If you put all the pieces together, this draws a nice map to the end result of a higher rate down the road.
8-6-2012 Intel Guru Tony It's out of Iraq's hands, it's in the hands of those that put the plan together, the U.S. Britain, France & other governments. They are working to make the right decision, this is a world wide event, the survival of the world financial system. China is not in charge of this. We still don't know the date and rate. I do know Iraq wants their ministers to be paid after the 15th of this month in the new currency. I know it's not going to be Jan. 1st. I think it's a short period of time. We are still in THE position. The decision could be made in the next 30 minutes, next hour or could be made in September, October, or November, but everything is done. [post 3 of 3]
8-6-2012 Newshound Guru L.J. Talabani is supposed to be back right after Ramadan. We are seeing alot of good things on the government side...laws passed 100...70 more to pass...National Alliance isn't going to change their tune...they are going to continue to try and prolong this thing for as long as they can...You have Maliki saying I am going to do this and do that...You have Jafaari meeting after meeting with National Alliance about the reforms...Supposedly we had reform papers delivered today - Najafi looking over Reform documents as we speak...National Alliance says they have addressed every item talked about in the reforms - so we will see...We have alot of good things coming...we are looking for which is the government to make some kind of decision on what they are going to do on forming itself and I think we are going to pleased with it hopefully before the middle of the month.
8-6-2012 Intel Guru Bluwolf first of all maddam wu is our angel and...she will be bailing out the world...she will furnish the international release of the iqd...she is putting the money for this exchange...second there is no changes in the scenario, we are still on track...it is the when that has not happen as of yet...we are second by second, period.
8-6-2012 Intel Guru Cap1 O [OBAMA] STILL HOLDS POWER. HOW MUCH, WE DON'T REALLY KNOW. THERE HAS BEEN AND IT WILL BE SHOWN LATER THAT THE RV WAS TRULY HELD UP BY POLICITAL POSTURING. I DO KNOW THAT MADAM WU HOLDS TREMENDOUS POWER. MADAM WU REPRESENTS THE 8 CHINESE DYNESTY FAMILIES. SHE HOLDS THE REINS AND SHE IS IN THE DRIVER'S SEAT AND MAN, CAN THAT LADY DRIVE! THIS SHOULD HAVE BEEN OVER MONTHS AGO. LIKE A YEAR AGO. THIS IS NOT JUST ABOUT THE RV.
8-6-2012 Newshound Guru Arthur Shabibi is moving along with the project...the Future of Iraq Project...The deletion of the zeroes...All we see now is the Central Bank moving right along as if they are going straight into the deletion project and I like that because of the slow nature of the govt side - it doesnt seem to be slowing Shabibi down at all and I think that is great.
8-6-2012 Intel Guru Tony From boots on the ground in iraq, got a call on Saturday, government guy, the ministers have been in place, the GOI is set and that is not what we are waiting on. I thought this was funny...he went into an internet cafe' and there were at least 4 individuals monitoring our dinar sites!! Received another call & he said it was done & released to the banking system, the BIS, World Bank or other agency that is to release it...everything is signed, we are waiting just like you. Other stuff about Maliki, etc. is just noise. He said, "If I had any doubt this was happening, I don't anymore". [post 2 of 3...stay tuned!]
8-6-2012 Intel Guru Okie_Oil_Man 1 BRIEF STATEMENT THEN I AM GOING TO LET THIS SLEEPING DOG LIE. YOU NEED TO BE AWARE NEITHER MYSELF OR OTHER INTEL GATHERER'S ARE PURPOSEFULLY TELLING YOU ANYTHING INCORRECT--IT IS JUST THAT AS SOON AS A BIT OF INTEL IS RECEIVED IT CHANGES--THESE CHANGES ARE NOT PREDICTABLE AS WE ARE STILL IN A VERY FLUID SITUATION THAT CHANGES VIRTUALLY ON A DAILY BASIS. WE DO NOT IN ANY WAY HAVE ANY CONTROL OF THE OUTCOME OR TIMING OF THIS EVENT. NOW----WE CAN EITHER LEAVE YOU IN THE DARK OR WE CAN GIVE YOU WHAT WE CAN WHEN WE HAVE IT. [post 2 of 2]
8-6-2012 Newshound Guru Mike Committee approved...nice to see they approved the memorandum of understanding....draft laws and ratify international agreement for the banks...all the paperwork that they need...this is a sign that they are moving forward...from the Central Bank in reference to their sales and their project containing the currency restructuring project to delete the zeroes...we have them passing laws...we have them doing what they are supposed to be doing in the Finance Committee which is supporting the Central Bank. Shabibi is putting the things into place he needs to put in...he's following all of the directions..following all of the goals that were set for him by IMF to get his banking sector in shape he has followed that...they are not going to get this banking system in place to have a currency will little or no value.
8-6-2012 Intel Guru Gary Everybody, please hold on, be patient. We really don't know what the timing is. The people we are talking to over in Iraq are all saying it's done and completed.
8-6-2012 Intel Guru Tony The banking systems are still saying it's today, they were trying to do it every 2 hours, every 4 hours to get it all done, they weren't going to stop until they get it done, they are still trying. Today, this afternoon or tomorrow is what we are hearing it will go international. [post 1 of 3...stay tuned!]
8-6-2012 Intel Guru Okie_Oil_Man CORRECT INTEL IS GETTING HARDER AND HARDER TO OBTAIN--I AM DILLIGENTLY WORKING ON FINDING OUT WHAT EXACTLY IS GOING ON--I AM STILL UNDER A GAG ORDER AND CONSIDER THAT A GOOD THING...I FEEL WE ARE STILL IN A VERY GOOD POSITION BUT CAN NOT GIVE AN EXACT TIMING OF THE CURRENCY EXCHANGE AT THIS TIME. AS SOON AS I CAN AND AM PERMITTED TO GIVE OUT RELEVANT INFORMATION I WILL DO SO. JUST BECAUSE I RARELY POST DOESN'T MEAN I HAVE ABANDONED MY POSITION. I PRAY FOR EACH OF YOU AND THE FINAL (HOPEFULLY VERY SOON) OUTCOME OF OUR JOURNEY. [post 1 of 2...stay tuned!]
8-6-2012 Newshound/Intel Guru BGG There has been a lot of back-and-forth as to the exact timing of when this Federal Courts Law would happen. However, this is one of the later articles and the good news is – they are working very quickly to get this handled. It may well prove to be a significant “doorway” to many of the other things they need accomplished. Along with the Federal Court Law is this Amnesty law – not completely sure of all the implications but it was one Maliki wanted and looks like the Parliament is moving at high speed on it. The big news is there is a lot of action on the MP level. [post 2 of 2]
8-6-2012 Intel Guru TerryK I DONT SEE A DELAY, I SEE A COORDINATION ISSUE BETWEEN CHINA, IRAQ, USA, OPPS AND THE UST AND IMF. UST IS COOL WHAT I BEEN TOLD BUT THE UN AND IMF WANT ALOT OF THE GLORY. I SEE OUR GOVERMENT REALLY BEING THE HOLD UP AND WHAT I HAVE BEEN TOLD ITS ALL ABOUT TIMING, THATS IT, THIS IS A LOT BIGGER THAN ANYONE THINKS. THIS IS CHINA, USA, IRAQ DEPT FORGIVENESS ISSUES...BASED OFF OF WHAT I BEEN TOLD ITS ALL POLITICAL STRUCTURING...BIGGEST TIME OPPORTUNITY IS FROM THE 23 TO THE 31.
8-6-2012 Newshound/Intel Guru BGG Key wordings in...article – “accusations in the politicization of the judiciary.” and “with the exception of state law has shown a desire to that.". This tells us that everyone else is on board with this law other than Maliki’s gang of thugs. This also brushes a mention of the term limits law coming after this Federal Courts Law. You can see where this is headed. I have been saying the Federal Courts Law is so important – it appears the SLC again isn’t too happy about the Elections Law and their first stop is to go straight to the Federal Courts to get it overturned. I am just guessing here – but I have to think the Parliament has gotten the attention of the Judiciary. These judges have got to know they are being watched pretty close now. [post 1 of 2...stay tuned!]
8-6-2012 Intel Guru TerryK UST GAL SHE IS TELLING ME THIS AGAIN, THIS IS ALL DONE AND PACKAGED READY TO GO...MY GUY IN JORDAN TONIGHT HE IS TELLING ME ALOT OF CHATTER GOING ON YESTERDAY AND THIS MORNING ABOUT A CHANGE IN VALUES OF TRADE WITH IRAQ, THIS IS TRADE AGREEMENTS STUFF THAT’S WHAT HE IS INVOLVED WITH. THEY (IRAQ) ARE DEMANDING HIGHER VALUE IN TRADE FOR GOODS...HE SUSPECTS SOMETHING IS AT HAND SOON. THE 23RD ON TO THE 31ST ARE STONG DATES FOR THIS TO OCCUR...THIS IS COMING SOON.
Read more: http://www.dinarguru.com/index.html#ixzz23LmN5j6H
8-5-2012 Intel Guru BOBGETZ6 I understand...Timothy Geithner is supposed to make a speech tomorrow around 9:00 AM EST. Supposedly, it is to be about the looming global financial crisis, a large global change in the worlds economic status, etc. This should be something to watch, if he says anything that gives real information rather than the typical politico speak.
8-5-2012 Newshound Guru Phoenix3333 Seriously...Really...Again..."Iraq calls for Kuwait to take serious steps to remove Iraq from Chapter VII... adding that Iraq has begun several steps and we expect similar moves from Kuwait to end this chapter and the start of new relationships based on respect for sovereignty and the promotion of trade."
8-5-2012 Intel Guru BOBGETZ6 [When are we expecting rv?] I think before Thursday, but I have often been wrong. But we could not be any closer and the news keeps getting better.
8-5-2012 Newshound/Intel Guru BGG It appears the CBI is and has been ready to move for sometime now. They are busy getting the GOI on board. One thing to think about – most MP’s don’t understand the whole currency/economic impact…I wonder if, once they “get it” – will it have an impact on who they support. In other words, if they think not supporting Maliki will be radically helpful to the country (economically) – will they still be on board with his “power grab”?? There is quite a bit of anti-Maliki sentiment brewing again. Washington paid a high-end PR firm to do a massive pro-Maliki campaign a while back, but that seems to be wearing off as of late.
8-5-2012 Newshound/Intel Guru BGG it’s a currency. Once it becomes internationally tradeable – you won’t lose a penny (spread, premium or what ever).
8-5-2012 Newshound/Intel Guru BGG "An Important session today to vote on the Supreme Court Act" This is the “plugging of the dike” ...I have a feeling once this thing is passed – Maliki will have lots less wiggle room after whatever happens to him politically. In either case, once they attach accountability “penalties” to Judicial misconduct (and limit the Executive branch access) – they will have the full attention of the Judicial branches.
8-5-2012 Newshound Guru Vic1 THE UNITED STATES TREASURY BOUGHT 150 MILLION(DOLLARS) WORTH OF DINARS A DAY FOR MONTHS PRIOR TO OUR TROOPS MOVING OUT!!! NOW WHY? ASK YOURSELF...WHY WOULD THE UST DO THAT?
8-5-2012 Newshound Guru Med WASTING TIME AND PROCRASTINATION ARE A PREREQUISITE FOR ANY MALE POLITICIAN IN IRAQ. NOW IT SEEMS WE ARE BECOMING MORE IMPATIENT HERE, BUT ALSO IT SEEMS THAT WHOMEVER WENT OVER TO IRAQ DIDNT ACCOMPLISH ANYTHING. IS IT ME OR IS SOMETHING WRONG WITH THAT PICTURE.
8-4-2012 Intel/Newshound Guru Poppy3 THE SIGIR REPORT REFERRED TO THAT COME FROM PEEPS, AGAIN THAT HAS ZERO TO DO WITH THE DINAR RATE...DOESNT COME FROM CBI WHICH WILL RELEASE THE RATE THEY HAVE APPROVED FROM THE IMF AND THEY ARE IN CONTROL OF...ALSO, NO ONE , NO COUNTRY, OR ANY OUTSIDE SOURCE HAS SQUAT TO DO WITH IRAQ'S MONEY AND MANY THINK O [OBAMA] IS THE HOLD UP. OH PLEASE, HE COULDN'T HOLD UP MY JOCK STRAP [POPPY3, YOU'RE MAKING ME BLUSH]. ALL HIM AND VP BIDEN CAN DO IS ASK AND OR SUGGEST AND THEY BETTER NOT TO THAT WITH ANY THREAT TIED TO IT.
8-4-2012 Newshound/Intel Guru BGG "Sadr renewed a call for project-confidence: a promise to my partners, that if they got (124) votes, I’ll be a complement to 164." This is big news!! The opposition isn’t nearly as dead as everyone is thinking. It’s there, alive and well. If Maliki doesn’t get things rolling along shortly – they will wind up “interrogating” him in Parliament and much like the support shown for their “term limits” law (something like 200 MP’s out of 235 attending that day) they will enact their own version of term limits.
8-4-2012 Intel/Newshound Guru Poppy In September of last year, I spoke with a lady that was telling me she was the CEO of the corporation that manufactured 509 ATM machines and they set them up throughout Iraq, some were not connected to the banking systems at that time, but the ones in the Bagdad area that were connected were loaded with the lower denoms. The others were to be loaded when they were wired up. That answered the question for me...the lowerer denoms are there.
8-4-2012 Intel Guru Blaino intel has been drifting in all DAY...documents and additional paperwork ought to be caught up on monday. [What about Rates showing in major banks?] heard it 3 places, banker bill was able to refute IT... i have heard some very exciting stuff this afternoon [Friday].
8-4-2012 Newshound Guru Kaperoni The dinar that was sold outside of Iraq may never go back to Iraq. As we cash out, it will go into a liquidity pool and go into a central bank reserve. That's the plan that will prop up the economy of the world currencies & world banks. The dinar will rise in time & will help the economies around the world.
8-4-2012 Newshound/Intel Guru BGG I am 99% sure the lower denoms are sitting in the CBI just like Shabibi said yesterday [Thursday].
8-4-2012 Intel Guru Soonerfan62 EVERYTHING IS GREAT AND ON TRACK. OUR BLESSING WILL COME SOON. PLEASE HANG IN THERE.
8-4-2012 Intel Guru BWM LOTS OF NEWS COMING OUT...everything is good...still trying to sort out the details but things are fitting together at least in the information flow.
8-3-2012 Intel Guru Checkmate I honestly believe that everything has been in place for a long time, too long. For it to be "done" for so long, something, someone is holding it up. A lot are saying is it going to happen? They are now talking about it in the news, Obama, Clinton, Shabibi, Maliki, many are talking about what is going on. There are serious situations happening globally. They really need to figure out how they are going to accomplish it. We are really close to this being over...they are really getting ready to pull the trigger on this.
8-3-2012 Intel Guru Gary it is in the system and it will be triggered...we do no know the specific time or the day, not even the peole in Iraq. This is a very large historical event...it will be well worth it when this is over with.
8-3-2012 Intel Guru Tony Things are happening, there were decisions made last week that popped some things to happen. The UN is meeting today that is going to pop some things to happen. The banks had meetings yesterday and the day before yesterday, they were excited, hoping this is the day! They are being told to be prepared today. We are still hearing everything is in place, Iraq has everything in place, they know who the 3 ministers are, all is done. They are just waiting on what day to make the announcement. This is coming to an end.
8-3-2012 Newshound Guru Arthur [referencing article] If you ever wanted to see any article that tells us they have to add value to their currency this is it...international world currency about to happen, thats really coming out and saying our currency will have to have value in order for that to happen..that is as concrete of an article - statement of a pending RV that there is that anybody can say. Iraq themselves and real events happening within their banking system that point blank lets us know that they have to have value to their currency and that currency is pending soon because they are actually making these moves right now.
8-3-2012 Newshound/Intel Guru BGG "Maliki’s coalition demands deduct the percentage of damage to stop the export of oil from the budget of the region" This isn’t all about the oil. However, the Kurds not getting paid certainly exacerbates the situation when Baghdad goes characteristically late (by months/years) paying their bills. The Kurds have extended the “olive branch” in offering a “limited run” of oil subject to increases based on Baghdad’s paying as they go. Immediately these moron MP’s start in with the “posturing” to make it sound like the Kurds are on some kind of “probation” and subject to “budget penalties”. They can’t be penalized from something you weren’t paying them anyway?!?
8-3-2012 Newshound Guru Kaperoni This week can best be summed up as 'laws, laws, laws' as the Iraqi Parliament lines up and passes in excess of 100 laws. Articles also support another 70 laws in the coming days including some significant ones such as HCL, ISX, CBI and others.
8-3-2012 Intel Guru Amadden the call was...more of a confirmations of things that have been put out, he said that there will be at least 3 more meetings over the next week and he feel strong that after these meeting, they will start in on the RV. He expects it sometime in the last two weeks of August, but it could go any time before, but feels more strongly on the last two weeks of August. The word he has it will not go pass September 1st. He also said that everything that had to be done in Iraq has been accomplished as of yesterday. And that the powers are all within the powers of the CBI’s banks, and other things that are involved with this Pyramid type thing call the plan of the RV. He is very excited and says we are at the end of our ride, so please treat as rumor until we get the word.
8-3-2012 Newshound Guru SWFloridaGuy Iraq is a unique situation, therefore the rules do not apply. What we believe Iraq will accomplish is a 100,000% increase. However, let's not simplify this. [..."Full post will be sent to members via email...too good to miss...keep your eye out for it. If you're not a member get signed up in the blue box above."] [post 4 of 4]
8-3-2012 Newshound Guru SWFloridaGuy I want to start by saying RV, RD, RI, I have no clue. I can only hope for the best. We continue to see the GOI stratagem toward reform (which would be the optimal solution for investors). The more I study macroeconomics, the more I understand the Lopsters argument. If you solely look at historic large currency appreciations, even a 20% increase, runs the risk of having negative long term effects. A 100,000% increase is not even something regarded as possible by most economists. [post 1 of 4...stay tuned!]
8-3-2012 Newshound Guru SWFloridaGuy However, what the Lopsters fail to recognize is the fact that Iraq is a very unique situation. The value for the IQD is still there. Iraq was devalued due to a war strategy (have yet to see proof from a Lopster that it wasn't) and the U.S. has been in control of the reconstruction from the start. I believe Iraq will revalue and the real questions are - how high, when and by what mechanism? Several incremental adjustments (to get us to 1 to 1 initially) would be what I prefer. That would ensure that the large notes retain their value. [post 2 of 4...stay tuned!]
8-3-2012 Newshound Guru SWFloridaGuy If they go to 1 to 1 initially or just higher, that would be something the world has never seen and the best case scenario. Eventually, I think Iraq will have the strongest currency in the M.E. but only over time. The IQD is a pegged currency, not one that is actively traded. The CBI sets the value, as they did from 1189 to 1166. What I would prefer to see is a move to 1000 (between Sept - January) prior to on par with the USD. Iraq has to have a stable and improving economy and manageable monetary supply in order to improve their purchasing power. [post 3 of 4...stay tuned!]
8-3-2012 Intel Guru TerryK THE MAN HIMSELF [SHABIBI} HAS BEEN TALKING ABOUT THE RV. THIS LOOKS LIKE IT MAYBE ALL BUT DONE TONIGHT [THURSDAY], ALOT OF STUFF GOING ON. this guy who is way up the totem pole just told me...china is pushing this hard...we could see this as early as tomorrow [Friday] but highly unlikly. [Shabibi] has to work a couple of things out with kurkistan then this is complete.
8-2-2012 Intel Guru Hammerman Several Iraqi leaders were on Iraqi TV today & said that Iraq would be revaluing their currency in the very near future & it would be stronger than the pre-Seddam rate, so that has to be at least a better value than $2.72. I received phone calls from Iraq from 2 different people that Mailiki, Shabibi & 3 ministers were on Iraq TV & they strongly indicated that the people on the TV were the newly seated GOI. Bloomberg stated today that there would be a revaluation of currencies & a global realignment in the near future. I had a phone call from China, Madam Wu, & before I was disconnected, I got that the process was moving forward to the end of the line. My feeling, my gut is we will not see this until after Ramadan, I would look between Aug. 25th and Sept. 25th. Intel says the complete opposite, that it will happen any minute. Everything is moving in a good manner, info from Iraq is great, the news is splendid.
8-2-2012 Intel Guru Cap1 WHAT A WILD RIDE THIS HAS BEEN...AND IT SHOULD HAVE BEEN OVER MONTHS AGO.
8-2-2012 Intel Guru Footforward The rate is pretty good...you will be pleasantly surprised. There is not going to be different tiers at different rates, there will be one rate across the board. I do believe that [Guru] Tony's info is correct...Maliki was on TV saying we are going to see the RV right away and the currency will be worth as much as it was in Saddam era.
8-2-2012 Intel Guru Blaino Major banks showing numbers! Major banks has rate now + GOI takes Thurs off & Shabbibi needs 3 days...more later.
8-2-2012 Intel Guru Tony [via millionairemoma] [Just watching Iraq TV. Conference with president just ended. Three ministers were with him. He said Iraqi Dinar will re-value higher than it was in the days of Saddam Hussein. He is on a minute to minute watch. WOW!!!!] TONY SAYS HE HAS CONFIRMED THAT HE HAS HEARD THIS FROM BOTH SIDES OF THE POND!
8-2-2012 Newshound/Intel Guru BGG Maliki is getting pressure from his own gang to lay off the antics. Before they get done cleaning up one mess – he’s off making another. Sooner or later (they are realizing) they will have to patch things up. They would just rather it not get past the point of no return.
8-2-2012 Intel Guru Cap1 WE JUST MAY GET OUR WISH TODAY! THAT'S ALL I CAN SAY GUYS!
8-2-2012 Newshound/Intel Guru BGG As I have mentioned – we keep an eye on the “politicos” in the region. None are bigger that Allawi. Here are a couple of Tweets he sent out (personally) yesterday. It doesn’t get any “fresher” in the news than that!! "Ayad Allawi @ AyadAllawi The meeting also focused with Barzani on the need to question the prime minister of Iraq, as well as the question of the mandate of the Presidency of the three constituencies only two sessions and retroactively." "Ayad Allawi @ AyadAllawi We had a positive meeting with Massoud Barzani, brother of the work to weaken the tension between central and regional governments."
8-2-2012 Intel Guru TerryK Iraq is claiming they don't have to pay any restitution to Kuwait. They have been making some payments but feel they don't have to any more. Could stall things until this is resolved...Could be more propaganda. Jafari says Minister of Interior as well as Minister of Defense will be announced in 2 weeks - about one week before end of Ramadan - [Ramadan] ends on 20 Aug but then [another] 3 day feast. A lot of things being timed to end of Ramadan, no movement but some target dates. Very possibly could go down tonight [Wednesday] into this weekend, UST gal still saying everything IS done - waiting to pull trigger.
8-2-2012 Intel/Newshound Guru Poppy3 be very patient and very attentive in the happenings because things are and will happen very fast over the next few days. behind the scenes...meetings are taking place that have not been possible before?...they have been called for but not ever taken place.
Read more: http://www.dinarguru.com/index.html#ixzz22sbLVH6d
8-1-2012 Intel Guru Tony I have to say on January 1st, I did not plan to be on this call on August 1, but it is what it is. From everything I got, the financial side is done, everything in Iraq is done...ready to go. I do think the banking system is ready and done. Yesterday in Iraq, they closed down some 160 exchangers so that the currency can stop being black marketed...yesterday they changed the law. Alot of people think it should have happened today. We know that this is not going into January. Because of the meetings that were held and the money that was transferred, it makes sense for them to do it. Hopefully we will see a breakthrough tonight or tomorrow, but if not we still know it is going to happen. We are really, really close.
8-1-2012 Intel Guru Bluwolf FOLKS NOTHING HAS CHANGED, WE ARE STILL ON TRACK SECOND TO SECOND.
8-1-2012 Intel Guru Poppy3 in the last 6-7 days here are some things that have happened - FRANCE--EXXON--CHEVERON HAVE ANNOUNCED they will do business with the Kurdistand region. This is more lost business and bad news for the Leadership in BAGDAD... NEXT WE HAVE MALIKI AGAIN CALLING PRACTICALLY BEGGING FOR THE PARLIMENT FOR A VOTE ON THE MINISTERS & THEY ARN'T LISTENING ?? THEN THE COMMITEE HAS SAID MALIKI'S interagation will not be delayed and this was repeated in two separate articles. The reason there is a brief delay on that is they are being sure the Courts will not be required to get involved during or after this proceedure, THINGS should become more clear before the end of this week...BE PATIENT THE REWARD IS GETTING NEAR.
8-1-2012 Newshound Guru Adam Montana if you're a long time "Adam Montana" follower, you know I'm usually pretty much "right on" with my opinions...and one of my opinions is that NOTHING significant is going to happen during Ramadan. (No, I do not consider finger pointing and cane waggling 'significant'. ) SIGNIFICANT would be the HCL, chapter 7, or anything related to that coming TOGETHER at this time. For now, during Ramadan, all we have is the normal planning, false stories, and posturing...don't get me wrong here! I see a lot of positive stuff happening, but my point is that during Ramadan I highly doubt that we are going to see the RV......nothing is happening until August 18-19...when they change the value of the currency, they will do so because they are ready to and because it will benefit them.
8-1-2012 Intel/Newshound Guru Poppy3 Everything is looking very promising. They are trying to get together and get things accomplished. There are still a few things that they need to do. When did Shabibi ever mention $.86? Shabibi said that it will be the highest currency in the Middle East. He and the IMF said it will be $3.22 + up to $20%. Shabibi is the one to make the decision to pull the trigger.
8-1-2012 Intel Guru Footforward In Iraq, it doesn't matter if they are having meetings, a National Conference, etc., this stuff is of no consequence to us. I, not for one second, believe that this is about Iraq. Iran is not an issue and Syria will be take care of, taken out of power real soon. This stuff is not delaying the RV. Also, there are no early cash out packages, be careful who you are trusting. If you have to sign a non disclosure, it's a scam. The rate is going to be good. Most of you will fall over when you find out the rate. Everyone will have access to the same rates. I won't say we won't see another weekend, but everyone is saying all the right things.
8-1-2012 Newshound Guru Mailman17 ITS NOT SO MUCH WHAT THE CBI IS TELLING US...WHICH IS A LOT BUT ALSO IT IS EDUCATION FOR THE PEOPLE THAT IS PRIORITY. ITS WHAT THEY ARE NOT TELLING US THAT MATTERS. THEY ARE GIVING US THE VERY SLIGHTEST CLUES...JUST NOT BIG MEDIA ARTICLES, WE ALWAYS KNEW IN THE END...NEWS WOULD BE THERE BUT BE SCANTILY DRESSED. I SAY TAKE IT ALL OFF AND LET THIS SHOW BEGIN. [Ooh, my!!] 7-31-2012 Intel Guru Hammerman Major events happened over the weekend. Sunday, strong meetings in D. C. with about 40 world financial leaders discussing the Global reset and realignment of currencies. Was told this was to happen between Wednesday and next Friday, but the Muslim community has put up a protest against it happening during Ramadan. As of 5 pm there was no resolution. Will this timeline stick? My gut tells me after Ramadan. There are 2 more meetings that must take place before we RV, one in China and one in Iraq. I understand that the National Committee meeting did take place as early as the 23rd. We are extremely close, no matter how you slice this pie. Everybody should be happy.
7-31-2012 Intel Guru Soonerfan62 YOUR BLESSING IS RIGHT AROUND THE CORNER. BELIEVE IT OR NOT. NO HOLD UPS IMO...WILL BE ON TOMORROW, HOPE POST RV.
7-31-2012 Newshound Guru Mailman17 MALIKIS TREADING WATER RIGHT NOW WHY? ITS NOT ENOUGH HE HAD TO WORRY ABOUT THE FAB 5 WHICH BY THE WAY ARE STILL VERY MUCH ALIVE BUT NOW HASHEMI AND MUTLAQ ARE BACK AND THEY WANT HIS HEAD, SO TECHNICALLY...ITS NOW THE FAB 7. ALSO FROM WHAT I HAVE READ, YES, THEY ARE STILL PLANNING FOR THE NEW DENOMS TO COME OUT JAN1 AND YES SHABS HAS TOLD THOSE INVOLVED THAT WANT THE DELAY TO PISS OFF. [UhhOhh!!] BUT, FOR HIM TO RELEASE THE NOTES FOR THE COMMITTEES APPROVAL WHICH ARE ACTUAL NOTES, IMO, TELLS ME SHABS HAS AND CAN ACTIVATE THIS A LOT SOONER THAN JAN. MY GUT STILL TELLS ME BY SEPT.
7-31-2012 Newshound/Intel Guru BGG "Iraqiya MP: Allawi will not attend the meeting at Jafaari’s house today." This is interesting – but not surprising. Allawi has pretty much had it with these guys. He has said publicly this is a waste of time. Jafaari will have to show some progress openly before he attracts much of the opposition. "Parliamentary bloc: the return of al-Mutlaq step of harmony and three officials led initiative." – this was an encouraging sign. However, it may have been just Maliki using Mutlaq to cool off the Turks.
7-31-2012 Newshound Guru Doc Many have asked about the rumors from those that hold to the conspiracy theory ideas. The rumor about vouchers being given in Reno and the money not available until November 10 originated from a sect of this group. We must also inform you that some very prominent members who hold to this theory dismiss this as nothing more than a rumor. Based on what we've gathered we too dismiss it as more misinformation. We continue to vet information based on what is confirmable or has a proven track record and only put credence in reliable proven information. We do concede there a most likely many very quite deals going on within the political arenas around the world. However, even if we were under a gag order we can assure all we would not even be a liberty to divulge that. We report, you decide. [post 3 of 3]
7-31-2012 Newshound Guru Vic1 My call on this...WE are SO THERE...some do not like SOON...WE are SO ON TOP OF THIS that when IT...yes...IT!!! When it happens, you'll REMEMBER LURCH from the Adams Family, YOU WILL here HIM say....YOU RANG!!!! THE RV is ABOUT TO RING THE DOOR BELL!!! WE ARE REALLY THERE!!! LIKE the OLYMPIC'S, WE ARE BRINGING HOME THE GOLD!!!
7-31-2012 Newshound Guru Doc Shabibi is being asked once again to delay the "deleting of the zeros" and issuance of the new currency so it can be "completely" researched. The Finance Committee "..urged the central bank to delay the introduction of the new currency from January 2013 to July 2013 to study all the aspects of the process." We believe he is getting very tired of the GOI's obvious lack of progress. He has been publicly been countering the delay tactics. When the objection was raised about have the new currency in time for the "deleting the zeros" he responded by saying he had enough old coinage to cover it. We continue with our position that Shabibi is aggressively positioning currency reform by end of 2012 such that it is in place going into the 2013 financial year. This among other things suggests a by end of year timing as we have maintained for months now. [post 2 of 3...stay tuned!]
7-31-2012 Guest Interpreter Guru Big Dave Obviously, the dinar's RV will be the landing. Okie's coming in for the landing in the black plane. The black could indicate secrecy and stealth since he's disallowed to reveal everything his sources are telling him. He expects it to RV sooner than earlier expected. Why? His sources, as indicated by the IFR, which stand for Instrument Flight Rules. Thus, he's landing by the directions of his instrument panel (instead of VFR which stands for Visual Flight Rules - he's not landing by his own 'rules' or what he can personally see). There's a blue light called the Outer Marker, signaling incoming aircraft on approach to the runway. Since Okie's passed the Outer Marker, he's still approaching the Middle and Inner Markers which will help guide him in to a safe landing. CMDRPILOT 3 DOWN AND 3 GREEN LIGHTS ON THE GEAR simply means his landing gears are down - all 3 wheels; one green light for each wheel, since any retractable wheel may malfunction and thereby is given its own indicator that it's working properly. Of course, the short answer is that Okie believes were are very, very close to the RV. [Hey, Big Dave...you should have said that last sentence first...LOL...Thanks for the interpretation]
7-31-2012 Intel Guru Bluwolf THOUGH WE HAVE NO NEWS FROM THE BANKS AS OF YET, I THINK WE ARE THERE.
7-31-2012 Newshound Guru Doc Many more articles focusing on HCL and "deleting the zeros" came to light in the last few days. Most of the ones about HCL focused on getting a law that "meets" the constitution. One member of the Oil and Gas Committee shared there were 2 proposals and possibly a third forthcoming. Her concern seemed to be narrowing them down one so the law could be passed or at least voted on. This tells us there at least to some degree appears to be a sense of urgency are this issue. Then again when Maliki wants something delayed he simply throws up obstacles. We remain encouraged that the issue seems to remain center stage. [post 1 of 3...stay tuned!]
7-31-2012 Intel Guru TerryK I’M BEING TOLD ITS MIN BY MIN NOW...WAITING FOR A PHONE CALL TO TELL ME TO TELL YOU ITS RV’ED.
7-31-2012 Intel Guru Hammerman I do not think we will see an rv in July...people waiting in towns to cash out are wasting their time...there were some motels bought out by government in a few cities, this has nothing to do with rv. I am being told we have a small shot of rv on Thursday, very, very small, imo we are looking at at least 10 days out, but I could be wrong and hope I am...little bit on the vnd, more and more intel peeps thinking the rate is getting higher, 30 to 60 cents, woo, we can hope...looks like vnd an iqd will rv together, following this closely. [post 2 of 2]
7-31-2012 Intel Guru Hammerman there is starting to be a lot of civil unrest in Iraq, military is moving around. I don’t like this at all but all intel over there is very, very positive and upbeat...look for some big articles and meeting to be coming out. I think by Friday ya'll will get pieces of good info, and most will be smiling...madame wu was upbeat today, said China is pushing for rv on Wednesday. I don’t believe it; info was too freely given to me but we can hope. [post 1 of 2...stay tuned!] 7-30-2012 Intel/Newshound Guru Poppy3 I TOLD ALL OF YOU last month that we would not see RV till Sept 15. Well there is reason for saying that, which I will not go into at this time. What has happened in the last 6 days now has me totally thinking things are better than originally thought and I think we will see the RV much sooner, in fact before the end of August. We all have to be patient either way, but between me and u, I am feeling much better about our timing status.
7-30-2012 Intel Guru Tony What I am hearing, I told you guys, that if it didn't happen before Ramadan, it wouldn't happen until after Ramadan. Also, Iraq no longer has the power over the RV and there are some issues in the ME that have to be resolved before this RV will be activated. I firmly believe that one, because it makes sense to me. This could have happened over the weekend. On the financial side, there are meetings going on in Washington and hopefully it can be over with by Wednesday, Thursday or Friday. Banks are ready for when the final decision comes down. I know the rate they put out was equal to $1 over there for them & $3 here. Later this week, all of the Central Banks are to get together and make some kind of announcement. This could be it. It's a great day to be involved in the Iraqi dinar!
7-30-2012 Intel Guru Gary There have been alot of meetings & alot of things happening, moving forward on alot of fronts. Meetings going on regarding currency baskets, on guidelines on what is to happen when that is released, announcements to come out regarding that in the next 24 hours, not the RV, but about the currency basket itself. We know that the National Conference in Iraq was completed over the weekend and people were discussing the HCL, Erbil, Ministers, etc., it's been more solidified than it has in the past. The banks are being told to be prepared for the next couple of weeks, at any time they are expecting some action. They are coming down to the final stages to make this work. Everything we are hearing is good news.
7-30-2012 Intel Guru Okie_Oil_Man I MAY BE LANDING THE BLACK JET SOONER THAN I HAD EXPECTED---STAY TUNED FOR FURTHER INTEL NOT PUBLISHABLE AT THIS EXACT MOMENT. THIS HAS BEEN AN I.F.R. FLIGHT AND ACCORDING TO INSTRUMENTS I HAVE CROSSED THE OUTER MARKER. CMDRPILOT 3 DOWN AND 3 GREEN LIGHTS ON THE GEAR. [OK Dinar Guru Community, get your decoder rings out again...need help with this post also!! Best interpretation gets posted on our Dinar Guru site!! Thanks again for your help!! : ) ]
7-30-2012 Newshound/Intel Guru BGG Here’s the bottom line – I know things have not looked good lately…we aren’t the crowd that “calls it” everyday. We follow the “real developments”. While it does look treacherous right now – this is exactly what the White House did not want, a civil war right before the election. As I have said all along – to them, it was always all about votes. An explosion in Iraq – would publicly highlight their moronic handling of the whole affair. They cannot afford one. The good news is – as Maliki continues along this path of aggression and dramatics – his value as a US ally becomes exponentially smaller. Once his perceived value to the US is gone – I don’t look for him to last long. Again – I am pretty sure he saw something coming that no one else did and he cooked this thing up as one final delay, which I think is successful – for now. But in the end this move will just add fuel to the fire for his removal. [post 2 of 2]
7-30-2012 Newshound Guru SWFloridaGuy [Article quote:] Iraq’s Oil Ministry announced the end of an important part of the problems with Kuwait on the common fields. The Oil Ministry announced a solution for a large part of the problems with Kuwait on joint oil fields. The Joint Committee between Iraq and Kuwait was able to resolve a large part of the problems between the two sides on the standardization of production and organization of work the oil fields. The Commission has been able to reach important results for the resolution of this file and start a new phase of economic relations, particularly with respect to the field of oil.
7-30-2012 Intel/Newshound Guru Poppy3 this is going to be a very interesting week...many unconfirmed rumors but all very promising and have come in from very different sources. They seem to be a bit premature but are for real. The news that shot the stock market up over 13 last week is part of the reason for some of the premature dates for the RV along with the Syria situation Maliki has been promoting. I now see him back peddling and changing his direction again trying to save face with people...TO LITTLE TO LATE...sooner or later he can't squirm any further in the corner. Be very alert to all the news this week...When the news starts clearing up it will come fast and furious...LETS ALL JUST PRAY NO MORE TURMOIL STARTS BEFORE THE CLIMAX. THE RUMORS I REFERED TO ABOVE ARE VERY VERY PROMISING, just like i said a bit early.
7-30-2012 Newshound/Intel Guru BGG Maliki has a fairly intricate security apparatus in place. He has a pretty good handle on things. It looks like to me – that Maliki saw something that spooked him into cooking up this Syrian border crisis…which it is…all cooked up. I think he may have gotten the heads up on a National Meeting coming – I initially thought it might be the invite to be interrogated by Parliament that had him spooked – but a National Meeting is equally bad for him in the end. If everyone on both sides of the isle wants a National Meeting and he’s the only one that doesn’t – what does that tell you?? [post 1 of 2...stay tuned!]
7-30-2012 Intel Guru Bluwolf PLEASE BE ADVISE THAT ALL BANKS ARE IN THE HIGHEST ALERT, CAN'T SAY MORE, LET'S SEE IF ALL GOES WELL AND THIS BLESSING POPS UP.
7-30-2012 Newshound Guru Med I DO ALSO BELIEVE THAT THE EXCHANGE RATE AND THE NEW DENOMS WILL NOT COME OUT AT THE SAME TIME. I AM GOING BY SOME FACTS THAT THERE WILL BE AT LEAST A MIN 7 DAYS BEFORE THE NEW DENOMS ARE READY FOR ISSUE. THE BEST GUESS AND BASED ON WHAT WE KNOW THE SAFEST GUESS ON THE RV IS DECEMBER AND THE EARLIEST IS OCTOBER, I BELIEVE BASED ON A NEW FISCAL YEAR. [post 2 of 2]
7-30-2012 Newshound Guru Med KNOWING ALL THE PRECAUTIONS THAT THE IMF HAS IN PLACE AS A GENERAL RULE TO PROTECT HUGE INCREASES AND HOW A LEAK CAN IMPACT A CURRENCY AND DEVASTATE AN ECONOMY... I DONT BELIEVE THAT WE ARE NOT GOING TO BE TOTALLY SURPRISED HOW IT SHOWS UP AND WHEN. ONE WAY IT COULD END UP SURPRISING US IS THROUGH THE SUPPLEMENTAL BUDGET. [post 1 of 2...stay tuned!] 7-29-2012 Newshound Guru SWFloridaGuy article quote: "The National Conference Names Advisory Council Members Without Vote. Iraq's fractious National Conference has come to an end after organizers announced late yesterday that it had accomplished its job. That job was to choose 81 people to fill the majority of seats on a new advisory council to oversee the interim government. But the way the conference concluded is far from satisfying all those who took part. The reason? The council members were selected, not elected in a vote among the 1,300 delegates, as initially planned. Some critics say that process assures the advisory council will mostly be a reflection of the government itself, with little room for independent voices."
7-29-2012 Intel Guru FreewayBill If you follow Bloomberg's "What keeps you from sleeping" [Dinar Guru sent this video out to member on Friday...if you are not a member get signed up in the blue box above so you don't miss awesome things like this again] or something like that, you should feel pretty good as they are predicting a revaluation of all currencies "SOONER", starting with the elimination of the EURO. The expert stated that we should go to bed one Saturday or whatever day and wake up the next morning to a whole new financial world with the revaluation of ALL currencies which is mandatory in order to straighten the world's finances out. Well, you have been waiting for all of this to start hitting the airwaves and there it is... HOPE THAT we see this SOONER as they believe it will be.
7-29-2012 Intel Guru Blaino Here's what i think we have FOUND...there has been much speculation on a new "asset backed currency" and a global RESET... (think "euro" last few days) and this may be the meeting where it all gets "done"...as this develops, we'll tell you what you need to actually KNOW... But there is enough here that after the 1st or so, when i feel it's safe to say MORE...You'll all know that this was "IT".... Mebby. so, if this is what i think it IS AND with the United States fiscal year starting one month later (just enought time for a huge tax inflow from US!)...There seems to be too much in one place, one TIME. [post 2 of 2]
7-29-2012 Intel Guru Blaino the SCENE...A historic PLACE...A hotel with a strong connection to some world wide financial matters from decades AGO...our intrepid intel guy gets a whiff of something...Irregular...There is a secret MEETING...all the "currency" types from everywhere appear to be in HOUSE...security and police are e v e r y w h e r e on the property of this PLACE...Appears to be 3 letter inner ring of security. many...have their schedules blocked out with meetings re: "global economic and finance ISSUES"...And for the same DAYS...Thru WEDNESDAY. But there is interconnecting STUFF...Lets discuss "reno" for a minute...There was some depositing made by a few "lucky", "special", __________ (add your own WORD...) last WEEK...here is what 'is' important...no rate was disclosed...But access was promised BY WEDNESDAY. Seeing a pattern here? [post 1 of 2...stay tuned!]
7-29-2012 Newshound/Intel Guru BGG "Head of the National Alliance, Ibrahim al-Jaafari, a connection was between him and the Kurdistan Region President Masoud Barzani discussed the issue of preventing the Peshmerga security forces of the army and police from entering the crossing Vichabour..." This whole mess cannot be making Jaafari and Talibani happy. They both had their hearts set on a political solution and Maliki has continually made it hard on everyone. I will be curious as to the outcome next week. Jaafari and Maliki will meet, maybe Maliki and Talibani and there might even be a request sent to bring Maliki into Parliament. Intentionally starting a civil war (over personal interests) is sure to be an issue.
7-29-2012 Newshound Guru SWFloridaGuy Iraq discloses designs for redenominated banknotes slated for July 2013. The Finance Committee received specimens of the new Iraq banknotes from the CBI. The specimens were of the 25, 50, 100, and 200 dinars. The committee urged the central bank to delay the introduction of the new currency from January 2013 to July 2013 to study all the aspects of the process. Other Iraqi media reports state that the new currency will be issued in denominations of 5, 10, 25, 50, 100, and 200 dinars for banknotes and 25, 50, 100, 250, and 500 fils, plus 1 and 2 dinars for coins.
7-29-2012 Intel Guru Jonnywg there are strong rumours out there today that our wait may be over in the next few days...as we have all been here before, who know for sure. THERE HAS BEEN LITTLE NEW INFO PERIOD. ALL IS DONE BUT TIMING IS NOT THERE. ANYTHING OUT OF IRAQ IS WRITTEN BY A HOLLYWOOD SCREEN WRITER...THEY ARE FAR REMOVED FROM ANY CONTROL OVER THE RV. CANADA WILL CASH IN AT INTERNATIONAL RATES WHEN THEY GO LIVE...PROJECTED TO BE $3.35 TO $7. MY SOURCES ARE EXCITED AND EXPECTING THINGS TO HAPPEN. I FEEL YET AGAIN THAT WE ARE EXTREMELY CLOSE.
7-29-2012 Intel Guru Cap1 THERE'A ALOT GOING ON BEHIND THE SCENES FOR US! WE ARE SO VERY CLOSE. THAT'S ALL I CAN SAY. BUT I AM AT PEACE.
7-29-2012 Newshound Guru 8Ball The big news is that the Deputy PM is back to work with broader powers. This to me means agreement. Pressure of questioning Maliki caused an agreement on the reform paper. The UNAMI extension must have come with a promise from Iraq to form the government by a certain time. The DFI fund sits in the MOF must be moved to CBI to be recognized as reserves. This is a primary responsibility of the CBI. As soon as the DFI makes it to the CBI the CBI will adjust the exchange rate from the MOF. I do believe RV season is between now and September.
7-29-2012 Newshound/Intel Guru BGG everyone seems to be waiting on Talibani to either show up – or show himself (if he actually has been back for some time). There is a report out that he is delaying his return until after Rhamadan – another says he has meetings scheduled for next week. I personally suspect he is already in Iraq and will show soon.
7-29-2012 Newshound Guru SWFloridaGuy There is a meeting today for the selection of the HCL. "The Oil & Energy Commission and the Legal Committee are meeting in the House of Representatives today for the selection of a HCL that is consistent with the Constitution." That's great to see versions of the HCL submitted for approval. Last year the GOI ratified the HCL draft and submitted it to Parliament. The GOI introduced some amendments which were then reviewed by the Energy Committee. The Commission on oil and energy decided the draft law of oil and gas had constitutional violations and moved to amend the bill to reach a suitable formula that would be agreed upon between the political blocs. The NA objected and postponed it until now. Also today, NA leader Jaafari said "they can resolve the problem of Defense and Interior Ministries within 2 weeks." If the political blocs reach a consensus on these issues (HCL & Ministers), that would be a huge step in the right direction for the GOI.
7-29-2012 Intel Guru Blaino I have several people informing me about EXCHANGES. The next 36 hours or so could be...The apex of our journey together. Impeccable sources from Europe, China, the ME and others say: now! Announcements may come as early as 7AM EDT.
7-29-2012 Intel Guru Hammerman It is total BS that some people cashed in today in Houston. About 35 people in the USA have cashed in. About 75% were crooked politicians that bribed bankers. They got caught and their funds are now frozen until Nov 10th. I got a call from way up, way up, way up in the bank heading the RV and was told that HSBC sent word to UST all the necessary paperwork to process the RV. Send out their letters to all banks worldwide get prepared to imminent RV. Happen before Tuesday is the word on the street. It was supposed to happen by 10 pm central tonight [Saturday]; if not, then midnight tonight [Saturday]; if not, then by next Tuesday. They caught hackers in the system twice today.
7-29-2012 Intel Guru BellaGrits all is well as far as my intel goes...things are moving along swiftly at this point...you have every reason to feel confident you are in the right place in this speculative investment....note I say SPECULATIVE ...wow, I don't think anyone could argue that in the least!!! the intel is rather slow...as we are in a wonderful position...quiet is good...no roadblocks as far as my intel provides...timing, that's it. However, things are looking very well, and I hope I can at least leave you with that-- if nothing else. 7-28-2012 Newshound Guru Med WE ARE IN ABOUT A 3 TO 4 STEP PROCESS. FIRST, THE PRINTING OF THE NEW SMALLER DENOMS. SECOND, THE 2013 BUDGET. THIRD, THE EXCHANGE RATE CHANGE. FOURTH, THE ISSUE OF THE NEW DENOMS, WHICH WE DONT CARE ABOUT NOW, THAT IS IT. I KNOW THE BUDGET MAY NOT BE AN EASY ISSUE BUT SHABIBI IS ON A TIMELINE.
7-28-2012 Newshound/Intel Guru BGG Baghdad hadn’t paid the Kurds their oil share in nearly a year and Maliki kept on and kept on with the political “jackassery” until Barzani just shut off the pipeline. Maliki calls it “oil smuggling” – the Kurds don’t agree. They are tired of his dictatorial tendencies and not getting paid. All they asked for was what he has already promised but never produced.
7-28-2012 Intel Guru Bluwolf I HAVE BEEN AWAY FROM POSTING...BUT I STILL MONITER THINGS FOR YOU, STILL ON TOP OF THINGS...[IT] IS A MATTER OF CLEARING THE AIR, ACCORDING TO MOST, THAT HAS BEEN DONE, WE ARE CLOSE...WE ARE SECOND BY SECOND, AT ANY MOMNT WE CAN BE SURPRISE...LET IT BE KNOWN THAT WE ARE IN THE HIGHEST ALERT EVER.
7-28-2012 Intel Guru Okie_Oil_Man [via SAMBO] OKIE is good. I talked to him earlier today lots happening in the preparation end. He is still under gag order and wont even tell me dangit LOL but that’s ok as long as he is well and we are moving in a positive direction.
7-28-2012 Newshound/Intel Guru BGG Maliki is famous for antics that usually involve him getting two (or more) opposing parties fighting amongst themselves so they forget about him. The two parties he’s using right now are the Iraqi people and the Kurds – he’s stirring up sectarian strife for nothing more than to save his own @xx. I have a sneaking suspicion he knows something was coming down on the Parliament side and he lit this crisis up just to slow things down.
7-27-2012 Newshound/Intel Guru BGG The fact that Deputy PM Al-Mutlag is coming back to work next week and with “broad powers” as per Maliki infers Maliki knows time is short. As before – he knows he cannot derail this completely – just delay it. This is just one of the very encouraging signs recently.
7-27-2012 Intel Guru Jonnywg here to clarify the CANADIAN CASH IN...no Canadian bank has responded period to our inquiries...However several branches have talked to individuals...As the currency will be international, cash in can also take place at airports and other currency exchanges...there should be no problems at a currency exchange within a bank in CANADA but as they will not make a statement to publish...who knows...other exchanges have stated that they will cash in...expect the international rate at a low single digit price all... RATES IN CANADA AND OTHER INTERNATIONAL LOCATIONS WILL COME OUT LOWER ...it is known that BNS and RBC branches have tolerated the IQD questions. .
7-27-2012 Intel Guru Tony The good news is that we are in a perfect situation. There were meetings Wednesday and decisions were made and agreements signed because of what is going on in the Middle East. What is going on in the Middle East is the only thing holding this up. The banking industry is ready. The world stage [in the Middle East] is changing this weekend and I think that will be the deciding point of if we see this or not. A lot of people are expecting this today and that is why it has been so quiet. China (HSBC) doesn’t own 51% or 15% or even 5% of Wells Fargo bank. Wells Fargo will be a big part of this but they do not decide how, when, or where this is done. The good part is we know the RV has been done for months.
7-27-2012 Newshound Guru Kaperoni A week with economic progress would best describe events. It appears Iraq is trying to put the reforms on the fast track and implement them at or around the end of 2012.
7-27-2012 Newshound/Intel Guru BGG I do think the “term limits” issue will be handled shortly. Maliki won’t get a third term... They will get this law handled and while the Courts have been “bought and paid for” by Maliki – the mass of support will be so broad they will reverse it at their own peril. Much like the 200 votes for this law…if Maliki winds up in front of Parliament (for any reason) he’s “PORKED”!! Do not confuse this lull in the action for dissipation. It is not.
7-27-2012 Intel Guru Jonnywg RATES ARE SET AT IMF/INTERNATIONAL LEVEL AND AGREED UPON BY MANY COUNTRIES INVOLVED. VND IS A COMPLETED PROJECT BUT IS RELIANT ON THE IQD RELEASE. I FEEL THAT THE RV IS CLOSE...WE EXPECTED IT BY THE END OF LAST MONTH...BUT THE PTB HAVE A COURSE THAT IS NOT DISCLOSED. WE ALL FEEL THINGS ARE COMPLETED AND READY TO FINISH UP BUT IT IS CONTINUALLY DELAYED. I AM TRYING TO GET PRINTABLE DETAILS.
7-27-2012 Newshound Guru Med I AM WAITING TO SEE IF INFO INCREASES IN AUGUST ON THE PRINTING OF THE SMALLER DENOMS. WE KNOW THAT THEY ARE MOVING ON THE BUDGETS AND THAT IS THE KEY TO ENDING THIS. GOOD OR BAD, THIS WILL BE OVER WITH THE NEXT 4 MONTHS.
7-27-2012 Intel Guru TerryK MY UST GAL TALKED TO ME LAST NIGHT AND WAS TELLING ME WE ARE SET TO GO AT ANY TIME. VND WAS THE PROBLEM AND I GUESS WHAT SHE SAID MAY HAVE HELD THINGS UP. THIS IS COMPLICATED, SHE SAID THAT ALL 11 CURRENCIES HAVE TO BE READY TO MOVE AT THE SAME TIME. THIS ALL HAS TO DO WITH CHAPTER 7 FORGIVENESS FROM ALL 10 0THER COUNTRIES.
7-27-2012 Newshound Guru Doc As for timing we continue to maintain October-ish timing as earliest probable. Another recent article talked about the budget process starting now. Shabibi has repeatedly said he wants currency reform to be built into the 2013 budget and not have to implement it in the middle of a financial year. The fact that the Finance Committee has indicated the start of the 2013 budget process is very encouraging and we speculate it is in response to Shabibi's request. This is just another data point that gives credence to implementation later this year. While we wish the blog site rumors of an "at any second" RV were correct, the actual real data suggests later this year. Continue to look for resolution around Ebril and the seated GOI as precursors. We report, you decide. [post 2 of 2]
7-27-2012 Newshound/Intel Guru BGG Looking very good on the pressure front. Even the US is acting like they are jumping on the “get it done” bandwagon. The reason being Maliki and his gang are “not returning” or remembering their commitments to the US.
7-27-2012 Newshound Guru Doc Shabibi made a statement yesterday that we think pretty well sums up the situation. Said Central Bank Governor Sinan Shabibi that "put the currency early next year is uncertain because of the recent discussions and negotiations with the government." He Shabibi "It would be great in the process of cooperation with the government." We go back to what we have be postulating for many months now. The CBI is ready, the GOI is not. Remember Shabibi had said several weeks ago that January 2013 was when the new currency would be issued. Our opinion is that he is not backing off that date but is obviously frustrated with the lack of progress on the part of the GOI. He has been and is pushing every way he can for the GOI to act like a stable functional government. [post 1 of 2...stay tuned!]
7-27-2012 Intel Guru Arizona Heat we have information that comes our way...that shows we are moving forward. [what is the waiting about?] This is just my opinion, the problems surrounding the Iraqi borders [like Syria, Iran, etc.].
7-27-2012 Newshound Guru Med NOW HERE IS GOOD NEWS, I READ THAT THE BUDGET FOR 2013 IS BEING ADDRESSED ALREADY. THIS IS A MAJOR CHANGE FROM PAST PRACTICES. I BELIEVE THAT THE PARLIAMENTARY FINANCE COMMITTEE IS APPARENTLY ON THE BALL HERE SO THAT THE NEW BUDGET WILL REFLECT THE NEW RATE AND THE NEW CURRENCY AND IT IS NOT A NEW CURRENCY IT IS STILL DINAR, THE SAME AS KUWAIT DID. THIS PART PARALLELS THEM AND SOMEWHERE BETWEEN SEPTEMBER AND JAN 1 WILL BE THE RATE OF EXCHANGE IF THE FACTS WE HAVE ARE BEING FOLLOWED. SO FAR NOTHING I HAVE READ MAKES ME THINK OTHERWISE.
7-27-2012 Newshound/Intel Guru BGG The NEWS has been right where we need – it…headed the perfect direction. The Mandates law being put into Parliament today [Thursday]...that term limits thing is really big news. Mutlag goes back to work next week. Al-Hashemi trial postponed until after NC meeting annoucnement. the reference to an NC meeting this morning. Allawi in Parliament this morning…(he hasn’t been there in months). the whole Government being excused tomorrow EXCEPT Parliament – can you say “COVER-UP”??? Mutlag going back to work for the first time in 8 months. That’s not big – it’s MONUMENTAL. President Obama “inviting them to pass” and oil and gas law today??? there was a lot of good stuff going on – too much to be a coincidence. All the above was out in the news today [Thursday]. Can you say “BIG DAY”???
7-27-2012 Intel/Newshound Guru Poppy3 News today has been limited but very encouraging...Had a couple calls today that said they where hearing information the RV should be implimented by the last day of august. I am waiting for the announcement of the NC before I begin to get very excited. i also heard some ding a ling is trying to say it is going to be a lop...rest assured it will not happen just like the .86 cent nonsense.
7-27-2012 Newshound Guru Med WE ARE ABOUT ONE MONTH AWAY FROM SEPTEMBER AND THAT MONTH SEEMS TO BE THE KICK OFF FOR THE FINAL PHASE OF THIS VENTURE. IF WE BELIEVE WHAT IS IN PRINT, THAT IS WHEN THE DINAR WILL BE PRINTED AND THE COINS MINTED.
Read more: http://www.dinarguru.com/index.html#ixzz22QuQo05x
7-26-2012 Intel Guru Jonnywg It is felt that the main components of the RV are completed (We have known that for a while). sources say that the release is agreed upon (I know not when) and there are no items other than timing. talked to all the major banks and they are ready...the banks have no clue, so DO NOT CALL THE BANKS...it was heard today that WELLS FARGO will issue a new policy statement regarding the IQD AND VND by Tuesday. bank screens are live at the currency level for a week, but not at the teller screens which is where we cash in...it is so close.
7-26-2012 Guest Guru Interpreter AWN92 Okie's comments are Air Force related. He is basically saying that there is a lot of things happening very fast (MACH 2.2 is over twice the speed of sound). J-4 is JP-4, a type of jet fuel used. He is saying that he does not need a refueling and is down to his last few drops of fuel, which means he is going to have to land soon. Take this to mean it is very, very, very close and that a lot is happening in these last hours. Once he lands (RV happens) he is not going to need the plane anymore to fly around looking for intel. I hope this helps! [Thanks members, you sent in some VERY "interesting" interpretations!! : ) ]
7-26-2012 Intel Guru Footforward There is nothing reliable saying it's going into 2013. We are still looking for this any time, any day.
7-26-2012 Newshound Guru SWFloridaGuy there is a big meeting coming up in September... If we truly believe a large currency appreciation is on the horizon for the IQD in the near future, of course this would then be a major topic of interest. So, we should be interested in what is discussed in these meetings.
7-26-2012 Newshound Guru Mike we hear international all the time...countries [are] ready to come in and invest - they are still there and they are NOT pulling out which means the situation is becoming stable.
7-26-2012 Intel/Newshound Guru Poppy3 all news is positive from Iraq... they are actually addressing several issues and all of them are in our favor. BE AND STAY POSITIVE...THERE IS ZERO REASON NOT TO BE.
7-26-2012 Intel Guru Okie_Oil_Man I PASSED THRU THIS MORNING ON THIS SITE AT MACH 2.2--THAT IS AS FAST AS I CAN FLY--THAT WITHIN ITSELF SHOULD TELL YOU SOMETHING--KEEP WATCHING AS MY SPEED IS INCREASING EACH DAY. FLYING AT THE SPEED OF MACH 2.2 CONSUMES A LOT OF FUEL WHICH INDICATES I WILL HAVE TO LAND SOON FOR RE-FUELING AS NO AIRBORNE KC135 IS AVAILABLE FOR MID-AIR REFUELING--READ WITH COMPREHENSION. MY F-4 HAS 6 SEPERATE FUEL POD'S--I AM ON MY LAST FEW POUNDS OF J-4 - READ WITH COMPREHENSION, LAST TANK NEARING EMPTY. AFTER I LAND---I WILL HAVE NO FURTHER USE FOR MY F-4. [OK, does anybody out there have their decoder rings available? Obviously Okie is giving us some info in special code...need help interpreting. Best interpretation gets his/her interpretation posted as our "Guest Guru Interpreter". Thanks, I really need help with this one!! : )]
7-26-2012 Intel Guru Okie_Oil_Man THE OVERNIGHT INTEL AND NEWS WAS ABSOLUTELY FABULOUS. THE IMPORTANT ISSUES THAT NEEDED AMMENDING OR CORRECTING WAS ACCOMPOLISHED. WE ARE NOW IN THE MOST WONDERFUL POSITION THAT WE HAVE EVER BEEN IN. I AM STILL UNDER A N.D.A.--BUT AM EXPECTING TO BE REMOVED FROM THAT IN A VERY SHORT WHILE. I WISH I COULD SAY MORE BUT VERY SOON I WILL BE ABLE TOO. YOUR FAITH AND PRAYERS WILL BE REALIZED VERY SOON.
7-26-2012 Newshound Guru Adam Montana They aren't going to tell us exactly when they will be issuing the lower denoms, it's going to be covered with smoke and mirrors. They are going to do it swiftly and with no real warning to keep people from a huge speculative run on the IQD. it's Ramadan - don't expect anything crazy for the next couple weeks...unless Iraq proves me wrong.
7-26-2012 Newshound Guru Breitling You can only go by what the CBI says or policy...they are talking about printing the currency in September and then re-denominating in January but don't place your bets on the table, because I don't believe them...but, you have to watch it, you have to be aware on it. But, it's the best opportune window...the windows that lets them get out of chapter 7 is when the U. N. Security Council meets to vote every 4 months. As far as revaluing at a buck, that's from articles & from reports from the Minister of Planning and what the CBI has said...actually my range is from a few cents up to a buck.
7-26-2012 Newshound/Intel Guru BGG Two biggies happened in the last couple of days…Al-Mutlag is being welcomed back and the trial of Al-Hashemi got put off till next month. Both political “hot buttons” over there. Al- Mutlag is being promised the ability to come back to work for the first time since last December. Big news – Allawi hasn’t been in Baghdad for 6-8 months until just recently – and now he’s leading meetings in the Halls of Parliament. Hmmmmmmm…The main two things...is the mention of a National Conference as though it were a foregone conclusion that it will happen and the inference of a guaranteed “time-line”. Both excellent points…maybe the only two things that matter to anyone right now.
7-26-2012 Intel Guru Bluwolf THE WORLD IS GETTING TIRED AND THE ECONOMY WORLDWIDE IS CRUMBELLIN. THE WHOLE WORLD NEEDS THE INTERNATIONAL RELEASE OF CURRENCIES. WE STILL ARE ON TRACK, WAITING ON THE OUTCOME, ALL IS SILENT, BUT NO BAD NEWS. IT IS STILL SECOND BY SECOND.
7-26-2012 Intel Guru Bulldog75 TOO MANY CIRCUMSTANCES BEHIND THE CURTAIN; GOOD VS. BAD; NINTH INNING AND GOOD GUYS AHEAD. IN REALITY, ITS AS CLOSE AS IT GETS WITHOUT BEING DONE.
7-25-2012 Newshound Guru Adam Montana this never has nor ever was an "overnight" thing. I've been preaching that for YEARS! This is something that must be meticulously planned, thoroughly thought out, and masterfully orchestrated. It is NOT an "overnight" deal. the good news is that we have been seeing ALL of the right things happen, and I think we can all agree that Iraq is on the right track.
7-25-2012 Newshound Guru Mike CBI is done. They need no more information to go ahead and get the currency going... it is time now to get the parties together - time to stop the bickering - time to start moving forward - and its time to Let Dr Shabibi do his stuff...know that it is coming...let Shabibi work his magic...THE CBI IS READY.
7-25-2012 Newshound Guru Adam Montana Ramadan is a month long holiday - let me explain it a little During the month of Ramadan, all Muslims are supposed to not eat, drink, have sex, etc during daylight hours. This is a practice in self control. They can eat after the sun goes down. The idea is that if they can control (abstain) from indulging in those things which are commonly acceptable during your every day life for one month, then they are much stronger to resist the things that may NOT be as acceptable for the other 11 months...with that said, it is indeed like Christmas or Hannukuh - it is a time that they set aside for their religion and nothing huge seems to get done...now, another reason the RV woudn't make sense to be announced during Ramadan is because... well, don't you think they will celebrate when the RV is announced? If they announce it during Ramadan, they can't celebrate!!!
7-25-2012 Intel Guru Hammerman Checking on a lot of great stuff. There are 2 articles out today saying national meeting was done on Sunday-Monday. If this is true my intel of 3 weeks ago...was spot on. Time will tell but yes we are that close IF INTEL IS TRUE WE SHOULD SEE SOMETHING WORLD WIDE PUBLIC WITHIN 96 HOURS or so.
7-25-2012 Intel Guru Bluwolf news from Iraq has no bearings on the outcome of this international release, all has been set and done and all is out of their hands [Iraq]...the issues that be is in country [U.S.] and we now wait for their ascertains...all is still on track and there has been no changes anywhere, we are in the best position ever and all should transpire in the short run...one last thought all the people will be cashing in at the same time, no preference on any certain group.
7-25-2012 Newshound Guru Historian [is accession into the WTO holding off the RV?] I don't think Iraq's status has anything to do with timing for the RV. The timing is set by larger issues. Then Iraq and other orgs will execute any paperwork they need. So you can watch for articles on Iraq, and they are an indicator, but they are not the driver. Iraq influenced timing until about June 2011, possibly earlier. But from that point on, everything they needed to do was ready to go. They have had to do a song and dance since then. Very trying for them. There is news out there that shows significant movement. VERY exciting!
7-25-2012 Intel Guru Bear5642 My sources say 100% Maliki is no longer an issue. China is the heavy player in this and no one has cashed out period. Our World and this NATION needs the revalue. I know there are a lot of people who have become frustrated and disappointed. Please do not be discouraged and make sure your documents are in order and what is needed to be in place for the receiving of such great of a Blessing.
7-25-2012 Newshound Guru Adam Montana ...it's Ramadan. I don't expect the RV to be announced DURING Ramadan. Of course I could be wrong, it is not IMPOSSIBLE for it to be announced during Ramadan but I think it's much more likely that they are going to use this time to get all the ducks lined up and be ready to pop after August 20. Case in point, they just announced that there was a 500 million dollar deal settled in order to clear the air ( pun intended) over a dispute with Kuwait airways...this is something that leads directly into Chapter 7 and is a good sign that they are doing MUCH more than they are letting onto at this point. In order for a successful RV to occur, we need to see Chapter 7 and the HCL resolved. They ARE working on it!
7-25-2012 Intel Guru Tony HOPEFULLY TODAY [THURSDAY] THEY WILL ANNOUNCE 3RD MINISTER. NEWS SAYS THIS WILL BE COMPLETED BEFORE THE END OF RAMADAN. IF THIS WAS GOING TO HAPPEN IN JANUARY OR IN JULY, 2013, THE GOVERNMENT WOULD NOT HAVE THE BANKS SENDING NOTICES OUT TO MAKE SURE THEIR PEOPLE ARE PREPARED...IT WOULD BE STARTED CLOSER TO THAT TIME FRAME. OUR GOVERNMENT KNOWS THE EXACT DATE THAT THIS IS GOING TO HAPPEN. ALL THIS STUFF IS HAPPENING NOW, BECAUSE IT IS HAPPENING NOW. EVERY ARTICLE COMING OUT SAYS CBI IS READY.
7-25-2012 Intel Guru Hammerman I got confirmations last night that today or tomorrow that Erbil, HCL will be finalized and announced. The National Conference could happen anywhere from the 25th through the 2nd. We do not have to worry about Ramadan. We will RV within days of the National Conference. I am looking from Tuesday to ten days out.
7-25-2012 Newshound Guru Kaperoni lets look a bit closer on where the dinar will go post RV...Can Iraq collect it and pay for it? I don’t think that this the plan. The Dinar will not he bought or sold overseas. The CBI will be the Central Bank for the dinar handling the monetary policy. And once they RV, the dinar will become an international reserve currency (as the dinar you and I own is collected and held). When will it become a foreign reserve currency? The answer is clear…That once they “delete 3 zeros” that will start the process (collection) to create the foreign reserves “they aspire to be part of.” As well we see they want to “give power” to the Iraqi currency internationally. Only a RV can accomplish this...the goal is to make the dinar equal to the USD. Or 1 to 1.
7-25-2012 Intel Guru Gary BEFORE 1989, THE IQD WAS A STAND WORLD CURRENCY. IT WAS TAKEN OFF THE MARKET AND PUT ON THE EXOTIC CURRENCY STATUS, BUT...IT CAN BE CHANGED AT ANY POINT, ESPECIALLY WHEN THE MARKET INCREASES. IT WILL BE ON THE BOARDS AND BE A TRADABLE CURRENCY. IRAQ IS MOVING FORWARD WITH WTO AND THEY MUST HAVE A TRADABLE CURRENCY...AT THIS POINT IT WILL NO LONGER BE EXOTIC.
7-25-2012 Intel Guru Tony THIS DOESNT MAKE SENSE THAT...IT IS JUST GOING TO COME OUT ON FOREX. WHAT INTERNATIONAL CURRENCY DO YOU KNOW IS NOT TRADED ON FOREX...WHY WOULD THE BANKS NOT BE INVOLVED IN IT IF ITS TO RESET EVERYONES ECONOMY. THE BANKS HAVE PKGS PREPARED FOR THIS...PEOPLE TRAINED FOR THIS...TELL ME WHAT CURRENCY THATS RATED ABOVE KUWAIT THAT IS LISTED AS AN EXOTIC CURRENCY. ONCE IT IS INTERNATIONAL TRADED...HOW COULD IT POSSIBLY BE AN EXOTIC CURRENCY. I WOULD NOT PAY ATTENTION TO ONE PERSON SAYING ITS NOT COMING OUT THAT WAY.
7-25-2012 Newshound Guru Mailman17 IF SHABS WASNT READY TO AT LEAST IMPLEMENT THE RATE ALONG WITH THE OLD BILLS GATHERING DUST IN HIS VAULT HE WOULD BE SO BOISTEROUS IN HIS COMMENTS REGARDING THIS. TO ME THAT SAYS HES GATHERING STEAM AND GETTING READY TO PULL THAT TRIGGER AND MAKING SURE ANYONE IN THE GOI KNOWS ITS HIS TRIGGER AND NO ONE ELSES. SHABS IS A QUIET MAN AND HES MAKING A LOT OF NOISE RIGHT NOW, MORE THAN HE EVER HAS. HE PRETTY MUCH GAVE US EVERYTHING BUT THE DATE. HE WOULDNT DO THAT 6 MONTHS IN ADVANCE.
7-25-2012 Newshound Guru Doc Shabibi continues to make it very clear of the things he is looking for to make currency reform a reality. Chief among these seems to be a stable GOI. Right now to get there we contend he is looking for things like Ebril and a power sharing arrangement to be enacted. The good news is these things are center stage in the media currently. All the talk about world-wide conspiracy theories and PTBs are simply theories not based in reality. Shabibi is in control of our situation. Also all the talk of tiered buy-outs and a cover-up for the fact that the RV has already occurred are more false rumors. When the event occurs everyone will know it. We report, you decide. [post 3 of 3]
7-25-2012 Intel Guru Hammerman MOST PEOPLE WILL NEVER STEP FOOT IN A BANK TO CASH OUT. MOST CASH OUTS WILL BE DONE AT PRIVATE SPOTS IS WHAT I AM BEING TOLD. COULD THAT CHANGE? YES IT COULD, BUT AS OF TODAY AND FOR THE LAST FEW MONTHS MOST WILL NOT GO TO BANKS AS IN A PLACE WITH TELLERS. NO BIG DEAL. CASH OUT WILL BE BANK AFFILIATED IN SOME CASES. HEDGE FUND GROUPS, INVESTMENT FIRMS, PRIVATE WEALTH GROUPS, CURRENCY LOCATIONS, ETC. WHEN WE SAY BANK IT DOESNT MEAN BANK WITH TELLERS. I THINK THIS IS FOR THE BETTER FOR ALL US. ...AT SOME POINT IT COULD CHANGE AND WE GO TO BANKS BUT NOT AS OF YET.
7-24-2012 Intel Guru Soonerfan62 IT IS AN UNDERSTATEMENT TO SAY THIS HAS BEEN A GREAT DAY. I...HAVE TALKED TO EVERYONE THAT I BELIEVE HAS THE BEST INTEL IN THE GAME. THE MEETING MY FRIEND OKIE WAS REFERRING...WAS IT IMPORTANT? YES. THE MEETING WAS HUGE. NOTHING ELSE IS IN THE WAY. YOUR LIFE WILL BE A LOT DIFFERENT THIS TIME NEXT MONTH. VND WILL GO WITH IQD, IT’S THAT SIMPLE. NO TIERS, SAME RATE FOR ALL. [Are you still thinking double digits?] YES. FOR THE ONES ON THIS SIDE OF THE WORLD, IT WILL BE TIED TO THE USD. ON THE OTHER SIDE OF THE WORLD IT WILL BE TIED TO THE GBP. THIS IS FINALLY COMING TO AN END.
7-24-2012 Newshound Guru Kaperoni We can ask if a LOP or Redenomination possible? Let’s go with the full 27 trillion dinar in circulation. If they LOP or re-denominate 27 trillion to 27 billion (delete 3 zeros) and gave it all to the US, they would not come close to paying off the war debt of 800 billion and climbing. So, one can come to a reasonable conclusion, that neither of these solutions will happen. Only a RV will solve the financial expense. Only a RV will pay off the kind of global debt. [post 2 of 2]
7-24-2012 Newshound Guru Kaperoni Ok, so we know that Iraq will pay for this war, like it or not...you have to assume either tankers full of oil are coming to America soon or they will simply RV the currency to pay off some 800 billion and growing debt. This is only the USA side of the expense. Estimates worldwide are 3 trillion plus for the cost of the war with Iraq. The next thought is if it’s not boatloads of oil, it must be the dinar. The dinar is the vehicle in which they will pay. [post 1 of 2...stay tuned!]
7-24-2012 Intel/Newshound Guru Poppy3 there are no tier 1, 2 or 3 ?? It will trade on forex even if clasified as exotic and the banks have already said they will be cashing the dinar and the dong??
7-24-2012 Newshound Guru Doc We were also encouraged by comments directly for Shabibi. He said he did not want to implement currency reform in the middle of a financial year. He has also told the GOI several times he is ready to go. Of course the GOI is not ready and hence all the stall tactics we have seen reported recently. This is also why Shabibi is pushing to have the new currency in place by years end and have the 2013 budget reflective of this change. This is a pretty clear indication Shabibi is targeting this event no latter than years end. He is still trying to engage the GOI and partner with them. However, even his patience can only be so long. He made it perfectly claer that he does not want this delayed past the start of the 2013 financial year. [post 2 of 3...stay tuned!]
7-24-2012 Newshound Guru Mailman17 THE PRINTING AND RELEASE OF THE NEW NOTES COULD COME AS EARLY AS SEPT...BUT NO LATER THAN JAN. BUT, AS MUCH AS SHABS AND OTHERS SAY THAT IT SHOULD NOT HAPPEN IN THE MIDDLE OF A YEAR, BULLCRAP, WHAT BETTER WAY THAN TO ALTER FROM THE ORDINARY AND DO IT WHEN LEAST EXPECTED. THATS WHAT I SEE AND THATS JMO.
7-24-2012 Intel Guru Blaino According to a couple of our top sources and a major bank TYPE, Tomorrow could be very sweet if these guys are on the level...hours will tell the TRUTH...on the other HAND... Our us govt "financial" guys think Thursday. If we see the last few markers DROP...Then it's a game of HOURS... But so far we have not seen those go down! (unless i missed something in the last few HOURS...If i did, we ought to know real soon!)
7-24-2012 Newshound Guru Doc the HCl appears to on a fast track. A member of Parliament was quoted as saying "the HCl law is ready and there is no reason for delay". He went on to say this is the single largest issue with the current political situation. We continue to speculate that even though it is Ramadan there are many under-the-table deal going on and when Parliament returns in mid August the vote will be rapid and a formality. We can only hope that when passed Maliki will finally live up to its commitments. If he does not this time around we are certain the fallout response will be enormous and rapid. [post 1 of 3...stay tuned!]
7-24-2012 Newshound Guru SWFloridaGuy Bank policies aren't even place until the currency becomes tradable. We'll have plenty of options when the time comes. Whether it be with an exchange or other. It's a real currency and like any other we will be convertible into another (in our case USD). The rules haven't even been established yet. No one will know what the rules are until the IQD shows a significant currency appreciation.
7-24-2012 Intel Guru BWM there's really not much to say right now in regards to the actual RV...banks not dealing with the dinar because it would remain an "exotic" currency is just so far out there...it completely defeats the purpose of giving value to your currency whatsoever.
7-24-2012 Intel Guru Okie_Oil_Man I WAS JUST INFORMED--VERY VERY VERY IMPORTANT MEETING IN SESSION PRESENTLY. HOPEFULLY FOR ALL OUR BENEFIT--WILL POST AFTER RESULTS OF MEETING IS AVAILABLE.
7-24-2012 Newshound/Intel Guru BGG Allawi can only organize his group to "nominate." Maliki has to submit the names and Parliament has to approve. I think the hold-up right now is the NA wants the IS and KA to put the idea of a NC vote "post-power sharing" to bed. That's my take and has always been Maliki's big fear. Which could be over at any time. There has been talk of interrogating Maliki no matter what - once the NC meeting is held. Maliki does have something to fear - he isn't in danger - he is the danger. Maliki is "the real deal" when it comes to bad guys - if they get him in front of Parliament he's cooked. They don't have to dig deep to find some pretty appalling stuff - no one could stand with him and survive (politically).
7-24-2012 Intel Guru Cap1 I WOULD BE GETTING MY PLANS IN ORDER...WE'RE THAT CLOSE. EVERYTHING IS POSITIVE...WE'RE ALMOST AT THE FINISH LINE. I CAN SEE IT NOW!!!
7-24-2012 Intel Guru DinarWishes Its looking very good as many have said. Does things and situations Change??? YES, YES THEY DO!!!! Could it happen today, tonight, or tomorrow???? YES, Yes it could...But, will it???? I hope so but I have no Idea if it will. I guess my message from the NO HYPE ZONE is be prepared for the Best and the Worst...Luck Favors the prepared!!!
7-24-2012 Newshound Guru SWFloridaGuy Iraq has set a goal of WTO accession in the next 2 years and to accomplish that we believe they must have a fully convertible currency prior. Also today we saw that the HCL was submitted for approval. Last year the GOI ratified the HCL draft and submitted it to Parliament. The GOI introduced some amendments which then were reviewed by the Energy Committee. The Commission on oil and energy decided the draft law of oil and gas had constitutional violations and moved to amend the bill to reach a suitable formula that would be agreed upon between the political blocs. The NA objected and postponed it until now. Let's hope it is approved and implemented along with the General Amnesty law.
7-24-2012 Newshound Guru Enorrste CBI has said they will go ahead without the approval from the Council of Ministers so it could happen at any time now. Like everyone else I am just waiting. There is no such thing as "tiers".
7-24-2012 Intel Guru Hammerman got confirmation that ministers are moving forward and news would be coming out that HCL is being voted on this week and erbil should be implemented.
7-24-2012 Intel/Newshound Guru Poppy3 HCL LAW IS READY FOR A VOTE AGAIN AND LET ME EXPLAIN, THEY HAVE A HCL LAW IN PLACE AND IT HAS BEEN SINCE 2004 HOWEVER IT IS NOT COMPLETE AND IS OUT DATED NOW THAT THE OIL PRODUCTION IS GROWING, WHAT THEY ARE VOTING ON AND TRYING TO GET EMPLIMENTED ARE AMMENDMENTS TO THAT LAW.. THEY HAVE SEVERAL AMMENDMENTS FOCUSED ON FAIR OIL EXCHANGE AND GETTING BALANCE BETWEEN THE REGIONS. THINGS ARE MOVING IN OUR DIRECTION AND I AM BELIEVING WHAT THEY SAID YESTERDAY ABOUT ALL BEING SOLVED BEFORE THE END OF RAMADAN. I GOT TO SAY THAT TYPE THING FROM THEM IS VERY EXCITING.
7-24-2012 Newshound Guru SWFloridaGuy All we care about is implementation of what was formerly agreed upon. Maliki’s political future is not as much our concern as is what he has failed to do as Prime Minister. The best solution for us, is for them to come to an agreement. Cohesion with the GOI is what we want to see. I believe they are in the process of reaching a deal and until that time, Maliki’s opposition will continue to apply pressure.
7-24-2012 Intel Guru Hammerman They caught more than 100 bad guys who had illegal tier 1 codes and so it was stopped once again for a few days. There are only 8 sovereign people/countries in the world with tier 1 codes. Hopefully we will be back on track by Tuesday. No new intel on Dong.
7-24-2012 **** BREAKING NEWS **** " Shabibi announces the selection of British and German companies for the printing of the currency... " Kerplunk...that's the sound of ANOTHER major piece to this puzzle falling into place! :) More details to come in your Dinar Guru member email...not a member? Get signed up in the blue box at the top of this page...
7-23-2012 Newshound Guru Kaperoni Just so you know, the dinar will not be on Forex. Its an exotic currency and the plan is for it to be bought/sold amongst central banks on an "institutional level". This process will be handled by a "Equity Fund" or similar type ECM (Equity Capital Market). All will be disclosed publicly in Sept- IMO. The impact is going to be watching how this plays out. Cash in, whom, and how is still not fully known. Banks are probably not going to be involved on an end user (us) level as they do not want to take the risk or deal with validation/authentication of dinar. Most of the dinar dealers as well have no idea of this plan and will be effected once the RV occurs.
7-23-2012 Newshound Guru SWFloridaGuy They have many reforms currently submitted for approval. The GOI continues to make progress toward Erbil implementation, permanent Ministers and the announcement of the Strategic Council, while the CBI and Finance Committee continue their studies and take preparatory steps that will ensure the success of the project. The CBI is working in tandem with the Finance Committee and Council of Ministers. The Finance Commission is supervising the CBI on the management of the monetary policy while they are investigating the economic impact this currency reform project will have inside of Iraq. The feasibility of the project is being addressed by the Council of Ministers and the CBI. They are working toward removing all remaining obstacles. Preferably, the CBI will receive the approbative nod from the Council of Ministers. The IMF has already instructed the CBI on the necessary reforms to accomplish this. It's up to the GOI to provide the necessary stability that will ensure the success of the project.
7-23-2012 Newshound/Intel Guru BGG [Article] "Member of the Committee on Energy: Oil Law is ready for a vote in the House there is no justification for delaying" This is tremendous news!! The HCL is a lot more significant than most of the other “fringe” items we’ve been directed to – this is “the biggie” (other than Maliki).
7-23-2012 Newshound Guru Med I DO NOT...THINK THE TARIFFS ARE GOING TO IMPACT LIKE WE FIRST THOUGHT AND THE REASON WHY IS THIS. THEY ARE NOT GOING TO PUT TARIFFS ON ANY IMPORTED CLOTHING OR FOOD. THOSE ARE THE TWO PROBABLY MOST SPENT IMPORTS BY THE IRAQI CITIZEN. SEE HOW THIS WILL NOT BE AS BIG A DEAL AS WE THOUGHT. NOW IF THEY DID PUT TARIFFS ON THOSE, IT WILL REDLINE FASTER THAN A GREASY TACO RUNS THROUGH MY INTESTINES. [Oh, my, LOL]
7-23-2012 Intel Guru Hammerman alot did go on cant share yet, this i am sure of, 100% they [have] not started on tier 2 yet...still working on tier one...no movement at all over the week end in the usa...now over seas im hearing alot different, tier 2 overseas could be over half way finished but i can not prove yet at all.
7-23-2012 Newshound Guru Arthur in order to be the country that we know Iraq is going to be they have to have a robust stock exchange....these stock systems around the world need sophisticated technology - Preparations in the final stages...usually when we see this it is already in place..finished and they are just testing....This will put them in the global international financial market to gain that access to the intl stock market. They will have to be traded on Forex - to do that obviously you need a tradable viable currency...a revalued currency...it has to be coming very soon because they are putting systems in place for this to go...one more step in the process.
7-23-2012 Newshound Guru Mike CBI is all on board...they have read the Future of Iraq Project...FOI project has to do with the economic side....Shabibi is worried about the economics...would he love to have a great government thats all for the future of his people...Yes he would...but what is more worried about is the economic future of his people and that differs...he is not there to pick the people who are in office...he is not there to give his approval to the people in office...he is there to do what he needs to do and get it done....so that when his term is over he can say what he was sent there to do which was to build the economy...get the new currency going..and get it RV'd to the point where they have viable economic circumstances.
7-23-2012 Intel Guru Okie_Oil_Man WE AS INDIVIDUALS CAN ONLY WAIT--WE DON'T CONTROL ANY PART OF THIS PLAN. NOTHING IS OFFICIAL TILL THE BANK SCREEN'S POST'S THE NEW RATES. I WOULD PRESUME IT WILL OCCUR WHEN ALL BANK'S ARE OPEN BUT THAT PART IS STILL UNCLEAR. MANY DIFFERENT CURRENCIES ARE SLATED TO GO AT APPROXIMATELY THE SAME TIME. I WILL STATE THIS THOUGH--------I AM ON STANDBY.
7-23-2012 Intel Guru ScottiG This is bigger than Iraq, yet it is all about Iraq. I am here to state that great progress continues to be made. Last week, subsequent to successful meetings and events taking place in France, Germany and England that several meetings were held here with leaders of the CBI and representatives in our government. Of course we know that the meeting of these officials at the UN on Thursday was about monetary and financial matters. Though I too thought that the announcement would come forth at that meeting, I understand that it was another of those necessary steps. When will we get to the end? Not certain but I am led to believe that the last pieces of the reinstatement to WTO are coming together and that to me is a key sign. [post 3 of 3]
7-23-2012 Intel/Newshound Guru Poppy3 MUCH GOOD NEWS HAPPENING AND ERBIL IS PART OF SOME GOOD NEWS. I have heard many solid details this weekend from several sources and they all see them positioning for some solid movement in the next week to settle many of their problems and that is what every source I have is telling me. There is not one shred on negative against the end being very near for our wait...anxious for the next couple days.
7-23-2012 Newshound/Intel Guru BGG Talk about the ultimate pressure point = Vice Kurd: We will interrogate al-Maliki in absentia if they do not attend to the House of Representatives. WOWSERS!! I guess the opposition isn't quite so dead after all?? If that doesn't motivate him to get along - nothing will... he's terrified of what's coming. they are nearing a deal - not by his choice and he is trying to "derail" it - is my take. Jaafari and Talibani have Maliki by the "nap of the neck" and are going to stick his nose in it if he won't go willingly. I think it will be significant when Maliki's tenure is not extended. That's what I think will be the most significant piece and it appears we are drawing near.
7-23-2012 Newshound Guru SWFloridaGuy for over a year now the CBI has been referencing Sept and January, the closer we get the more credence that gains in my opinion. It could always be sooner. I'm very excited to see what this year has to offer. I think for the first time Iraq really does have a shot at seeing a large currency appreciation. I do think it's imperative to the process though to have a seated GOI and Erbil/HCL implementation. I believe they may be close to coming to a resolution and implementing the applicable reforms. No matter how you slice it, I'd say we're in a great spot.
7-23-2012 Newshound Guru Med CBI WAS GOING TO COMMUNICATE WITH THE GOI, MOF AND PARLIAMENTARY FINANCE COMMITTEE. THIS WAS TO SET A TIME LINE TO ISSUE OFFICIALLY THE NEW DENOMS. CBI DOES NOT REQUIRE ANY LAW OR LEGISLATION TO REVALUE BUT THEY WANT AN AGREEMENT ON THE DESIGN OF THE NEW CURRENCY. ALOT HAS TO HAPPEN AND THIS TO ME HAS TO HAPPEN SOMETIME BETWEEN NOW AND NOV., WHY BECAUSE THEY WANT THE NEW RATE AND ISSUE OF DENOMS IN THE 2013 BUDGET. SO THIS IS ON A SHORT ROPE HERE. THEY WANT...A SPECIFIC DATE SET. I EXPECT IT TO RV IN DECEMBER, APPROX 7 DAYS BEFORE THE ISSUE DATE.
7-23-2012 Intel Guru ScottiG When will it come? What needs to happen for us to see it? I know we are not waiting on the big O to do anything….he signed off on the RV weeks ago. I know Maliki is not the obstacle as he has been neutered (Oh did you know that he went to China recently and was not welcomed there!!!). The Governor of the CBI stated unequivocally a while back that he did not need the Parliament or anyone else to release the RI/RV, that he would do it when it was right for Iraq. I do believe and am hopeful that we are closer than ever before seeing our hopes fulfilled. I say we are closer than before because every time we have thought a specific event was the trigger...we actually find out that another critical element has fit into place. [post 2 of 3...stay tuned!]
7-23-2012 Intel Guru FreewayBill Iraq has handled everything they can and...us getting our blessing is way out of their hands. Read all of the articles you want. They want this to be done as bad as we do.
7-23-2012 Intel Guru Okie_Oil_Man THE OOM TEAM ONLY PASSES ON WHAT THEY HEAR NOTHING ADDED - NO FALSE PROMISES ONLY WHAT THEY HAVE BEEN TOLD - WHAT PEOPLE NEED TO REALIZE IS THAT THE COMPLEXITY AND MAGNITUDE OF THIS EVENT IS SO GREAT AND THEN TO COMPOUND IT WITH HUNDREDS - NO MAKE THAT THOUSANDS OF DIFFERENT PEOPLE FROM ALL OVER THE WORLD STICKING THIER FINGERS IN THE RV PIE. WE ALL (MYSELF INCLUDED) HAVE PUT TOO MUCH EMPHASIS UP TILL NOW ON IRAQ ONLY---IRAQ IS ONLY A SMALL PIECE OF THE PUZZLE. IRAQ WAS TO BE THE CATALYST OF THE INITIATION OF THE ENTIRE PLAN AND HAS BEEN USED AS AN EXCUSE UP TILL NOW------BUT THE TRUE FACT'S ARE NOW EVIDENT.
7-23-2012 Newshound Guru Med I HAVE NOT USED INTEL IN ABOUT TWO YRS. INFORMATION I JUST RECIEVED FROM PROBABLY THE MOST RELIABLE PERSON I KNOW, WHO WORKS AT THE EMBASSY, WHO I HAVE NOT TALKED TO IN ALMOST TWO YRS JUST TOLD ME THAT I PROBABLY MADE A GOOD MOVE ON PLANNING THE RV PARTY FOR THIS YR. I WAS GIVEN INFORMATION ABOUT MOVES BY CERTAIN ENTITIES AND GIVEN INFO ABOUT A PERSONAL CONVERSATION THAT THE BET IS ON FOR THIS YR. THE RATE IS DEBATABLE. ALL WE KNOW IS THE REMOVAL OF THE 3 ZERO'S FROM THE NOMINAL VALUE, WHAT EVER IT IS AFTER THAT, WE DONT KNOW FOR CERTAIN. FOR EXAMPLE, THE WORST IT COULD BE IS 1 CENT AND THE BEST .85. 1 CENT THOUGH, IN OUR DISCUSSION, WOULD NOT BENEFIT THE IRAQI ECONOMY AND WOULD NOT BE WORTH ALL THIS EFFORT THAT CBI HAS GONE THROUGH. ALL WE KNOW FROM SHABIBI'S OWN MOUTH IS THAT HIS EFFORTS ARE TO HAVE IT EQUAL TO THE USD
7-22-2012 Intel Guru TerryK I’M HEARING SOME GOOD THINGS FOR THE NEXT TWO WEEKS. TREAT THIS AS RUMOR AS ALWAYS. WITHIN TWO WEEKS EVERYTHING SHOULD BE IRONED OUT.
7-22-2012 Intel Guru ScottiG I honestly had hoped that we would have experienced the major adjustment in value of the IQD by now. Given the wealth of insight and information I have received over the last several months, I continue to remain optimistic and most hopeful. Is this wait totally frustrating? Absolutely! In this post, I cannot break down the many pieces of the puzzle that have been coming together but they appear to still be in play. [post 1 of 3...stay tuned!]
7-22-2012 Intel Guru FreewayBill there is no such thing as a "Live" Rate on Forex Pro and Banks will not cash you out based on Forex Pro. It may have had a rate flash, but there is NO LIVE RATE that you can cash in with right this minute. NOBODY has received money for their dinar as that would constitute a insider trading incident and people would be charged. It also would encourage double dipping, which would also be insider trading...I agree that some may have deposited their dinar in banks and will have access to their money once we all do, but not until.
7-22-2012 Intel Guru BWM I can tell you this...news at this time is still good... when it happens we'll know.
7-22-2012 Intel Guru Okie_Oil_Man I HAVE NEVER UNDERSTOOD THE DELAY TILL LAST WEEK WHEN I WAS EXPOSED TO THE INNER-WORKING'S OF THE PLAN AND WHAT ALL WAS ENTAILED IN INITIATING THE PLAN---VERY COMPLICATED AND INVOLVED PLAN--WHEN YOU TAKE INTO CONSIDERATION THIS IS TO AFFECT THE ENTIRE WORLD'S ECONOMIC CONDITION. CONFIDENCE LEVEL IS VERY HIGH THIS AFTERNOON. THIS CURRENCY EXCHANGE MUST OCCUR SOON ACCORDING TO THOSE WHO ARE IN CHARGE ON A GLOBAL BASIS.
7-22-2012 Newshound Guru Mailman17 DO NOT WORRY ABOUT GOI CRAP ONLY CBI. WE ARE STANDING GOLDEN, VERY GOLDEN WHY? THERES NO WAY IN **** SHABS AND THE CBI WOULD ANNOUNCE NOT ONLY THE RATE BUT THE DENOM NOTES SO EARLY IF THEY ACTUALLY INTENDED TO RELEASE THE RATE IN JAN, NO WAY YOU ANNOUNCE THE ACTUAL RV 6 MONTHS AHEAD OF TIME. ARTICLE...STATES THE NEW NOTES WOULD APPEAR IN JAN WITH A RATE OF 1-1. NO WHERE DOES IT SAY THAT THE RATE WOULDNT BE ALREADY ESTABLISHED AT A 1-1. SEPT 1 MIGHT BE OUR NEXT WINDOW...WHAT I AM BETTING ON EITHER WAY, ITS COMING AND FAST. [post 2 of 2]
7-22-2012 Newshound Guru Mailman17 I AM NOT SO MUCH INTERESTED IN THE GOVT AS I AM THE CBI. THE THING I WATCH...AND VERY CLOSELY IS THIS WITH THE DELAY OF THE NEW NOTES, DUE TO POSSIBLE COUNTERFEITING, WILL SHABS BRING OUT THE NOTES FROM 2003 AND WAIT TILL JAN TO RELEASE THE MODIFIED NOTES WITH THE KURDISH LANGUAGE? THE ONLY THING THAT I DONT KNOW IS JUST HOW FAST HE CAN GET THESE NEW NOTES DONE FAST ENOUGH TO NOT RELEASE THOSE FROM 2003? EITHER WAY THE RATE ADJUSTMENT IS COMING AND IT IS COMING REAL FAST. [post 1 of 2...stay tuned!]
7-22-2012 Newshound/Intel Guru BGG Kaperoni...had uncovered an article that implied they would not reprint until after the 000′s had been “lifted” (as in – removed) from the marketplace. This would also imply a raising of the value prior to a “reprint” – meaning the smaller denoms from this same family of currency would have to be used and therefore the larger notes would be worth more as well. This article seems to lean heavily that direction.
7-22-2012 Intel Guru Okie_Oil_Man I LIKE EACH OF YOU HAVE BEEN IMPATIENT FOR THIS TO OCCUR BUT UNTIL LAST WEEK WAS TOTALLY UNAWARE OF THE DEPTH OF THE PLAN AND THE LOGISTICS NECESSARY TO BRING ABOUT A ONCE IN HISTORY CHANGE IN THE GLOBAL ECONOMIC SYSTEM. SOMETHING OF THIS MAGNITUDE INVOLVES MUCH MORE THAN ANY OF US HAD EVER IMAGINED AND CERTAINLY REQUIRES MORE THAN "SIMPLY PUSHING THE BUTTON" TO INITIATE. I NOW, THOUGH NOT COMPLETELY, UNDERSTAND THE DELAY UP TO THIS POINT IN TIME. I AM VERY SATISFIED OF THE VALIDITY AND THE IMMENENCE OF THIS OPPORTUNITY FOR EACH OF US. I AS MANY OF YOU HAVE BEEN ON PINS AND NEEDLES WONDERING WHEN--WHEN---WHEN----NOW I KNOW--IT'S VERY CLOSE NOW. [post 3 of 3]
7-22-2012 Intel Guru Okie_Oil_Man BEHIND THE SCENES MYSELF AND MANY OTHERS THAT SOME OF YOU KNOW HAS BEEN TRYING OUR BEST TO CO-ORDINATE WHAT IS ABOUT TO TRANSPIRE AND TRYING TO HAVE A POSITIVE EFFECT ON THE TIMING OF THE OUTCOME---THE RESULT OF OUR EFFORTS ARE UNKNOWN BUT OUR VOICE HAS BEEN HEARD AND PRAYERFULLY HEEDED. IT IS ENTIRELY IN THE PURCHASING ENTITY'S HAND'S NOW...THIS IS A PRIVATE TREATY PURCHASE ON AN INDIVIDUAL BASIS---NUFF SAID. AFTER THIS PAST 10 DAY'S I AM BETTER SATISFIED WITH OUR POSITION THAN EVER BEFORE. [post 2 of 3...stay tuned!]
7-22-2012 Intel Guru Okie_Oil_Man THERE ARE NO NEGATIVE OR BAD NEW'S TONIGHT--ON THE CONTRARY--THING'S ARE WONDERFUL AND GETTING MORE SO EACH PASSING HOUR. I AM STILL UNDER A GAG ORDER ON SPECIFIC'S OF THE CURRENCY EXCHANGE BUT I CAN SAY WITH FAITH MORESO THAN EVER BEFORE THIS IS REAL--THIS IS GOING TO HAPPEN AND IT'S SCHEDULED TO HAPPEN SOON. I CAN'T BE MORE SPECIFIC THAN THAT BECAUSE WE DON'T KNOW EXACTLY WHEN IT WILL BE LAUNCHED BUT AM TOLD TO BE ON HIGH ALERT FOR MOVEMENT AT ANYTIME HENCEFORTH. [post 1 of 3...stay tuned!]
7-21-2012 Intel Guru Soonerfan62 WE ARE STILL GETTING INTEL IN TONIGHT WHICH IS RARE FOR SATURDAY AND I STILL BELIEVE THAT WE ARE HOURS OR MAYBE A DAY OR TWO FROM OUR BLESSING.
7-21-2012 Newshound Guru Vic1 MOST DO NOT KNOW ANYTHING ABOUT RAMADAN...RAMADAN CALLS FOR THE MUSLIM TO FAST FROM SUNRISE TO SUNSET OR 6AM TILL 6PM. A MUSLIM PRAYS 5 TIMES A DAY...ALL IS CALM IN THE MUSLIM WORLD...PEOPLE SHOW THEIR LOVE FOR COMMON MAN...THE RICH HELP WITH SUPPLYING FOOD FOR THE POOR...MUCH WEALTH CHANGES HANDS DURING RAMADAN...IMHO... RAMADAN...AND THE MONTH OF RAMADAN AS, SALEH HAS SAID, WILL STABILIZE THE DINAR... IS NOT GIVING THE DOLLAR MORE VALUE!!! THINK ABOUT THAT, TO GET THE DOLLAR OUT OF THE HANDS OF YOUR PUBLIC...THE DINAR WILL HAVE GREATER VALUE THAN THE DOLLAR VALUE...IN THE COMING DAYS...WE WILL SEE THIS IN A (SHORT) TIME FRAME.
7-21-2012 Guru SWFloridaGuy This article looks very positive but we still need more confirmation...this is coming from the Iraqi List (Maliki's opposition) along with the NA and not just his own camp. "No need for more dialogue and alliance, said the reforms implemented. Allawi, with the head of the National Alliance, Jaafari said that it was constructive and brotherly.... Allawi stressed that the coalition in Iraq is looking forward mentality open to the initiative of the National Alliance to conduct reforms, based on the close political reform approved by the House of Representatives and former Conventions Erbil first, second, and that implementation is the prerogative of the National Alliance, which leads to power in Iraq and he has to implement the reforms prescribed, no need for new dialogue."
7-21-2012 Intel Guru Hammerman MY TIME LINE: WILL FINISH TIER 1 ABOUT 7-28, THEN START TIER 2; FINISH IT ABOUT 8-18, THEN TIER 3. NO INTEL AT ALL SAYING THAT, I’M JUST FOLLOWING THE TRENDS OF THE PAST AND HOW EVERYTHING ALWAYS GETS PUT OFF. I SURE HOPE MY GUT IS WRONG. INTEL IS NOTHING BUT POSITIVE, AND 90 % OF IT SAYING ANY MIN. LET’S SIT BACK AND SEE.
7-21-2012 Intel Guru Footforward IM SHOCKED THAT ITS NEARING THE END OF JULY AND WE STILL HAVENT SEEN AN RV YET...THIS REALLY SHOULD HAVE HAPPENED ALREADY, SEVERAL TIMES OVER. IF I REALLY THOUGHT THIS WAS GOING TO BE A LONG WAY OFF, I WOULD TELL YOU GUYS. I DONT JUST TELL YOU GUYS STUFF TO MAKE YOU FEEL GOOD. I HAVE NO REASON TO EXPECT WE GET OUT OF JULY WITHOUT AN RV. IM NOT PROMISING ANYTHING.
7-21-2012 Intel Guru BOBGET6 I am perplexed this morning as we should have already gotten our RV, or we are close. If this does not happen by the next few days, or by the end of the month, September looms large. Something has to have happened for Wells Fargo to give vouchers for the PTB, polititions, and the whales. That is a lot of work to create those accounts and vouchers. The good thing is they cannot get theirs until we all can. Our only hope is that they can exert pressure to get this done in order to have access to their funds. They could care less about us, but can't get there without us.
7-20-2012 Intel Guru Footforward RAMADAN DOESNT MATTER. WE ARENT GOING TO HEAR ABOUT A "NATIONAL CONFERENCE" UNTIL AFTER THE RV SHOWS. MAGICLY IT WILL JUST ALL BE ANNOUNCED. WE DONT REALLY CARE ABOUT WHEN THEY GET INTO WTO. BY THEN WE WILL ALL BE WEALTHY. THE LONGER IT GOES THE HIGHER THE RATE GOES. THAT I DO KNOW. IM NOT REALLY WORRIED ABOUT ANYTHING. I KNOW HOW THE STORY ENDS, SO ITS HARD TO WORRY.
7-20-2012 Intel Guru Blaino What I can share with you is we should relax and be calm through the weekend, but I expect some exciting news after 9 p.m. tonight. I have seen on my computer with some friends screen shot. I saw some remarkable things and checked with the calculator. Had one of my friends check out what I saw. I saw live on my computer live facts. Not a screen shot but the real deal. I saw with my own eyes. There are some groups doing stuff.
7-20-2012 Intel Guru Soonerfan62 FOR THOSE OF YOU WHO WERE AROUND LAST YEAR, JUNE 30TH WAS AN ABSOLUTE DROP DEAD DATE, THE NEXT DAY HUNDEREDS OR THOUSANDS OF PEOPLE CASHED IN THEIR DINAR BELIEVING IT WAS NEVER GOING TO HAPPEN...YESTERDAY, THE 19th OF JULY HAS BEEN A DROP DEAD DATE OF MANY INTEL PROVIDERS FOR A MONTH NOW, NOW THAT IT HAS COME AND GONE I WILL GUARANTEE YOU HUNDREDS SOLD THEIR DINAR BACK TODAY. WHEN KUWAIT RVed THE DAY BEFORE THE MEDIA COUNTRY WIDE AND WORLD WIDE STATED THAT IT WOULD BE ABOUT A YEAR, AND THOUSANDS SOLD THEIR KUWAIT DINAR BACK...GUESS WHAT HAPPENED THE NEXT DAY? CHINS UP GUYS. REMEMBER: "IN GODS TIMING", "REMEMBER THE ALAMO", "REMEMBER KUWAIT".
7-20-2012 Newshound Guru Sonny1 [long time, no see] This situation Iraq is in has never been. When in the history of the world has any country had the third most oil, the 2nd most natural gas and had a currency that was negative? The answer is never. Why would all of these countries, China and U.S. included, just waive Iraq's debt in the middle of the worst economic time in decades? Probably because they are holding dinar, and Iraq didnt want to pay them twice (debt plus rv) so Iraq obviously took the RV payoff instead of paying them twice. Iraq will RV between .30-1.00, we will cash in our dinar. Iraq will again RV probably to $2.00, then Iraq will double the value of dinar we turned back to them, giving them trillions in profit. Simple if you think about it. Once these coins hit the streets it's over.
7-20-2012 Newshound Guru Vic1 RV...CAN HAPPEN AT ANYTIME!!! IMHO!!! SOONER THAN LATER!
7-20-2012 Newshound Guru Mike This is a prime time NOW for Shabibi to get control of his money so that he realizes that when he RV’s this it is not going to be going to Syria, Iran...that it all comes back to the economy of Iraq. He is working hard at that and it looks like he is making some in roads and I am anxious to see in the coming days as to what will actually happen. The CBI is ready…they are doing and defending each and every day. Be patient – it’s a process – its moving forward and we are happy with the process.
7-20-2012 Intel Guru Bluwolf NOTHING HAS CHANGED, NO NEWS FROM IRAQ HAS ANYTHING TO DO WITH THIS RELEASE, WE ARE JUST WAITING FOR THE PHONE CALL, PERIOD.
7-20-2012 Intel Guru BWM I have to say that several contacts expected us to wake up to this today...there has been a great deal of information out already. Ramadan starts this evening our time supposedly and I know that would be convenient but not a necessary timeline...we'll see what the day brings information-wise and go from there...you only need to hear one thing at this point...and that will be the "go to the bank" directive.
7-20-2012 Intel Guru Hammerman Six major banks (e.g., Citibank, Deutsche) will be opening in Iraq the first week of September and they will only deal with the new (lower denom) currency. That is wonderful news for us. Do we have to wait until September for the RV? Absolutely not; it can RV any minute. Those who got their money early got their funds frozen and converted to voucher form and will not have access to those funds until November 10th. China is 100% on our side. Everything is looking very good for us.
7-20-2012 Intel/Newshound Guru Poppy3 The night before last there was a very important meeting. I have 2 inside contacts who told me exactly what took place. There was a meeting at the U.S. Embassy by video conference with Talabani, Barzani, Sadr, Maliki and a U.S. dignitary. They are trying to get everyone together to make a decision. The rumor is that there was some progress made during that meeting. They feel like now the National Meeting will be held in seclusion by video conference. Direct from the US embassy, if the banks are completed in time, Ramadan will not interfere with implementation. I think they are trying to get this done before the next election. The dollar won't collapse. When this hits, the dollar will be boosted. I'm anxious to see our country come back.
7-20-012 Newshound Guru Doc News does continue to focus on HCL, chapter 7 and vacant posts all getting resolved. In fact these items seem to be dominating the reports over the last several weeks. Again we view this is very good. We still contend the timing is not in the short term (any second). We do not believe it will occur during Ramadan but do concede many deals could be done during this time so when Parliament returns in mid August these issues could be voted on rapidly. This is why we continue with our earliest time of September to October. We report, you decide. [post 3 of 3]
7-20-2012 Newshound Guru Adam Montana I think a ten cent RV makes a lot of sense, especially if it happens AFTER they move the value from 1166:1 to 1000:1. A ten cent RV then becomes simple math for everyone involved. Is that the way it will happen? I can't tell you for sure, but it makes more sense to do that than it does to slam the value up to $3.86. They get an increase in value, they get to retain control, and the math is easy enough for EVERYONE to understand, which will assist in making the move successful.
7-20-2012 Newshound/Intel Guru BGG Sadr is on board once Maliki winds up in Parliament...everyone has been saying Maliki’s not going anywhere and they will do a deal – JMHO (and I know the odds aren’t good) He won’t last. He’s just messed everyone around sooooo often – even Talibani. Think about it…Talibani steps down – Najafi steps up. Problem is fixed in about 12 hours. If he actually retires – which he wanted to last year – Maliki is “deader than a door-nail”. If a month slides by – I will be shocked.
7-19-2012 Intel Guru Soonerfan62 WE ARE ALMOST THERE. IT COULD BE 1 HOUR OR 1 DAY, NOBODY KNOWS FOR SURE. I'M CONFIDENT IN THE NEXT FEW HOURS...INFO IS COMING IN HOT AND HEAVY TONIGHT...WE ARE TRULY AT THE END.
7-19-2012 Intel Guru Blaino We are happy and expectant...I have no information that it will NOT happen overnight or tomorrow. Read that twice! Several "Banker" types have gotten into some limited exchange situations. Naturally, these people are all secure under the NDA (Non Disclosure Agreement) and cannot or will not talk...period. Even so, we are getting some coded messages from a handful of these people who desire to share with their circle (ME) and I cannot disclose the institutions, names or additional information, but suffice it to say that none of this could happen if there were not a high confidence in a timely revaluation.
7-19-012 Newshound Guru Doc We suggest everyone needs to be ecstatic with the $1 rate. We only see these high rates as possible with a true LOP first and then a RV. The reason for this is the economic impact of these high rates on Iraq. We should remember that fiat currency is nothing more than debt instruments of a particular government and only backed by that government's ability to honor it. Shabibi obviously understands this and is why he is looking for things like a seated government, HCL and chapter 7 issues to be resolved. Besides if it RVs to $1 we all make 1000 times our investment, however if it LOPs and then RVs to say $5 we would only make about 5 times our investment. We vote for the 1000 times scenario, how about you? [post 2 of 3...stay tuned!]
7-19-2012 Intel Guru Hammerman china, big 0, bis and imf all signed off on what i hope to be the last of the papers to be signed...i was told point blank no more papers...there was a alot of big talk and large movement in reno yesterday and today on all 3 tiers...mainly talk on tier 3 movement...china is pushing this ahead still...the UN really coming down on iraq also to get this done...they are also try to force feed the rv soon soon...there are some oil issues...all is totally in our favor for a rv soon, pressure from all sides an all industries...the real full brunt of ramadan dont start until tuesday, so i think we got a great great shot until then, but no matter 30 more days is not that long.
7-19-2012 Intel Guru Ray Just got this update from one of my contacts. He heard it on Iraqi TV yesterday and he said it was in the newspapers too. This contact has never been wrong yet. He said that four large international banks will be opening offices in Baghdad in late August. One of the banks is Citibank and the other three are from other countries. Here’s the good part: They are going to be operating with strictly the new dinar only. Not the current dinar. That totally fits what Shabibi has been saying all along. He also said that family members have told him that the local banks are ready to start exchanging the currency. They have the new dinar in stock and they have De La Rue machines too. The bank personnel are saying September 1 also. I will pass on more info when I get it.
7-19-2012 Newshound Guru Vic1 Ladies and Gentlemen...there is incredible information coming forth! We shall soon read!!! Extra...Extra...read all about it!!!! Iraqi...Dinar RV...read all About it!!!
7-19-2012 Newshound Guru Adam Montana If they don't delete the 0's, but introduce new denominations, and allow all bills to hold face value, that will be a straight RV. If they introduce new denominations but remove the value of the old (current) notes, that is a 0-gain 0-loss l0p. It's really that simple.
7-19-012 Newshound Guru Doc Just when we thought it was safe to get back into the water the fantasy rate prognosticators have popped back up stating rates anywhere from mid $3 to $8. We would have thought the SIGR report would have ended the debate. We find it almost humorous at this speculation when the news out of Iraq continues to state around $1. Just yesterday Mahma Khalil, decision-maker of the parliament's Economic and Finance Committee, said "The zeros are removed for the purpose of increasing the value of Iraqi Dinars in a way that one Iraqi Dinar will be equal to one US Dollar," We have SIGR, 2008 five year plan, Shabibi, Shibibi's deputy, multiple members of Parliament and now Finance committee members all saying the same thing which is the initial rate will be around $1. With all the people in the true know stating the same $1 rate we find it impossible to give any creditability to these reported high rates. [post 1 of 3...stay tuned!]
7-19-2012 Newshound Guru Randy Koonce There is no RV yet and Not incountry RV and it will not come out at .86 or 7 dollars...Talabani is in Iraq not Germany...the reason for the misinformation is Iraq did not want to be pressured into the National Meeting...the meeting will take place, we believe, still before the end of the month...This is Event Driven not Date Driven ... the only articles to watch for is the announcement of the ministers or the national meeting the rest is only for show "unless you you see it in at least 7 different papers." ...Breathe we are close.
7-19-2012 Newshound Guru Historian We actually look at the Dinar as being a safe haven currency because it can’t go anywhere but up. There is no stock, mutual fund, interest rate or real estate that is going to make me the same amount what this will make because this is so cheap right now and they can’t keep it down there forever because they have way too much wealth. The part driving this RV are likely set up to turn it on whenever they choose and all we can see is the progress towards it.
7-19-2012 Newshound/Intel Guru BGG Maliki has strung this out numerous times – just as he did recently. He actually gave an interview where he offered Allawi the full Erbil – who agreed, as long as he did it quickly. That was two weeks ago – now he won’t even meet with him. It’s been a shell game with him all along – soon as we get him close to the water – he backs away. They are getting closer to having him sewed up though – they have finished the legal issues with the interrogation – now to get it done.
7-19-2012 Intel Guru Blaino Talibani, allawi and the others are now pressing for the national conference at an almost hysterical level after months of their surrogates and lieutenants nibbling away at the mass of complexities separating each of the various groups from reaching some common agreement that might allow for some kind of forward movement. the national conference is indeed the time and place where the major issues of iraq will (supposedly) be settled with some degree of finality, the fully and publicly recognized goi will be displayed and the entire matter will be brought off in a very scripted and programmed way. Everyone is now writing the script and learning their parts, and that is the current delay.
7-19-2012 Newshound Guru Adam Montana I'm positive that they have the new currency ready to go, at this point it's a matter of Chapter 7 and the HCL. REgarding "when" we are going to see those new notes - they originally said September, now they are saying early 2013, and in another article they said it would take 2 years to get them out so that would put us into 2014. Now... which of those is accurate? I don't think any of them reflects the TRUE intent of Iraq, and I find that to be a positive thing... if they had ONE story and stuck to it, I would believe it...but that's not the case. They bounce all over the place with conflicting stories, as if they had something to hide. If the plan is to dramatically increase the value of the Dinar, they DO have something to hide! They don't want that announced, because massive amounts of speculation would occur and it would drive down the value. They want the opposite to happen.
7-19-2012 Newshound Guru Mike Shabibi...knows exactly what he is doing...once this government situation gets done and he knows where thats at and he can have the laws and everything he needs he is going to take this forward...he has not stopped once - we say sometimes this RV has been postponed or that it hasnt been done but he has done nothing but move forward. You should have confidence in whats going on over there...we just have to realize it is in their time not ours. Just sit back...watch and enjoy the view as we take this ride together.
7-19-2012 Newshound Guru Med COUNTRIES WITH TWICE AS MANY PEOPLE IN POPULATION USE A BUDGET FOR THAT COUNTRY OF ABOUT 1/2. THIS SO FAR SINCE THE BEGINNING, EVEN WHAT THE CPA WAS IN CHARGE, HAS BEEN THE WORST MISMANAGEMENT OF A COUNTRIES FUNDS I HAVE EVER WITNESSED.
7-19-2012 Newshound Guru Adam Montana I think we can be reasonably confident that when they choose to raise the value, we will know about it relatively fast - it is a big deal and it's not going to be done quietly! In other words...who cares about how fresh the "intel" is - none of it matters until we get to cash in. Iraq is moving in the right direction, and all the rumors in the world won't get you closer to cashing in. When Iraq is ready to do this, they will.
7-19-2012 Newshound/Intel Guru BGG "Breaking News: Kurdistan Region President Calls for Urgent Iraqi national Conference": This is the most incredible news!! There are several different ways to look at this piece of news – all of them good. My take – Barzani has just called Maliki and the NA’s hand. They had made it look like they were all for “reforms” which they are, in reality, just 2 years late making good on their agreements. Talibani has wanted this NC meeting since last January (in the worst of ways) – if it looks like Barzani is leading the charge on this thing and any one of the above characters stumble getting out of the gate – it won’t go well for them.
7-18-2012 Newshound Guru Adam Montana inflation is lower in June than it was in May, showing that they are STILL moving in the right direction and one more thing...is the fact that they are talking about how much it will cost them to bring out new currency, one article specifically mentioned 172 billion Dinars. Now, with inflation going down, the HCL getting closer to being resolved, the fact that they keep talking about their WEALTH...why would they waste 172 billion dinars on swapping out currency if they were just going to keep the value the same? I don't think that makes sense. The only way this plan makes sense is if they are planning on raising the value of the Dinar, and if they do that WE MAKE MONEY. (So do they, of course!).
7-18-2012 Intel Guru Blaino Intel has been flowing...Several higher up and connected people have apparently exchanged FOR... Escrow deposit account or some kind of "voucher"' program. Nothing so far on rate but i'm told we are "very very close." i am awaiting additional confirmation. However due to source i am not discounting this as rumor. This source is direcly linked to a major bank and has also strong foreign connections. Please know that as soon as their is either additional news or additional confirmation i will get the news to you.
7-18-2012 Intel/Newshound Guru Poppy3 News flash - they informed me today that they have been assured they will move forward and if things in GOI are completed, Ramadan will not interfere with implementation??
7-18-2012 Newshound Guru Mike article quote: "The central bank adviser: the integration of small banks with large management will help to build strong banking" Why would they be giving out this advice now?? Its almost like they are urging these banks to get their act together quickly because something is going to happen...they want the banking system to be set for this event to happen. Once this RV's the floodgates open...This process is moving very quickly - and he [Saleh] wants it to get done now and wants it to be soon rather than later. [post 2 of 3...stay tuned!]
7-18-2012 Intel/Newshound Guru Poppy3 i have gotten encouraging words today from federal contact on the document signed today with the leaders of the us embassy in Bagdad. The delegation from America that Biden sent there and he has joined twice since they have been there are trying to intervene and move things along, the only problem i see with them there is that they are trying to save Maliki's position and get things done and leave him till the end of his TERM.
7-18-2012 Intel Guru BellaGrits my understanding is those rates are not live on the teller screens...a "live" rate can be 2 different things...back screens and teller screens....teller screens mean live to the people...the public...that's what we all await. The rate could potentially fluctuate based on how it comes out...as a managed float, a dirty float or just a float...managed is simple to understand meaning the Central bank will manage the rate and can chg it in 90 days...it would be fixed til then...a dirty float would be managed as the Central Bank deemed necessary per market conditions, and a float would simply be moved with the market. I can't see it going much longer-- honestly. stay steady...we are heading for a victory.
7-18-2012 Intel Guru BOBGETZ6 Have heard nothing negative. I am of the opinion that if we don't see it this week, we could be heading toward September. That is only 1 1/2 months away.
7-18-2012 Newshound Guru Adam Montana I believe we have seen a TON of progress in the last year! The CBI has stated that they are not going to wait for Parliament to agree before they make a move on the Currency...everywhere I look this morning I see Iraq referring to their WEALTH...and their RICHES - they state that Iraq should be one of the richest countries in the world, they state that they are sitting on vast resources worth tons of cash, and they state that they are focused on getting the HCL taken care of.
7-18-2012 Intel Guru Hammerman yesterday...started getting call from bankers saying alot of movement, also got 5 calls from over seas saying stuff happening at the banks there...all places were getting big signs of happening...warka bank says it rv'ed along with an iraq officel, but i cant find it. imf, bis, an wb...said all troubles are taking care of and they are processing some kind of codes again...ust and wells fargo are generating codes again to teir 1, 2, 3 And now maybe talking 4...rumars all as always, but trying to prove now. china says yes, yes, yes on go rv but they say not before thursday evening usa time although they admit that it is looking so good an so close to ramadon and iraq appears to be ready, so both told shabbie could pull the trigger without any one saying go for it, so this sounds like iraq still has a big say on doing the rv.
7-18-2012 Intel/Newshound Guru Poppy3 You and I can get together and discuss all their issues also and it would have the same effect on the outcome. The pattern is set every day now two or three of them are getting together and discussing how to solve their crisis. They are all still refusing to all get together and really solve their problems and while Maliki is the leader of the problem, they are all guilty of promoting the delays.
7-18-2012 Newshound Guru Vic1 WE are in a very "CRITICAL CROSS-ROADS". We are throwing on...the SEARCH LIGHTS... LOOKING for The BOMBERS...DROPPING...Those DINARS! WE ARE IN POSITION...THAT THESE BOMBERS ARE ABOUT TO DELIVER OUR...PAYLOAD!!! I CANNOT BE ANY MORE CLEARER THAN THAT!!! BAAA BOOMMMMM...IS ABOUT TO BE HEARD...AND SEEN!!! JUST NEED TO SIT STILL. MANY WITH GREAT KNOWLEDGE ARE DOING WHAT THEY NEED TO DO TO DROP THIS IN!!!
7-18-2012 Intel Guru Hammerman HEAVY FORWARD PROGRESS. 100% POSITIVE HAPPENED YESTERDAY AFTERNOON AND INTO LATE LAST NITE BUT STILL I NEED TO VERY CAUTIOUS ON WHAT I SAY. I’M HAPPY AND VERY TIRED.
7-18-2012 Newshound Guru Mike They are telling us something is going to happen in the coming days on an international level with this currency with a NEW mechanism which has something to do with the dollar exchange rate...I am not saying it is an RV...we may see things we have not seen before - there are some things out in the community...fluctuations on the forex...certain things that are going on that are leading us to believe that internationally this currency may be coming onto the market soon. [post 1 of 3...stay tuned!]
7-18-2012 Newshound Guru Adam Montana Ramadan. that's pretty much it for the next 30 days. I'm very sure that that day [raising the value of the Dinar] is not going to be today nor any of the next 30 days, because mark my words: NOTHING BIG will happen during Ramadan...that's not exactly a bad thing, because while I don't believe a major change will happen or be announced during Ramadan, it is a great opportunity for deals to be prepared and plans to be made. Ramadan starts tomorrow and ends Saturday August 18...while the GOI has stopped making a big deal about September, it's still very possible for a big bang anytime between August 19 and September. So let's stay positive and give them the moral support they need to get this thing done. Iraq, I'm rooting for you!
7-18-2012 Newshound/Intel Guru BGG I am suspicious the US is over there “slinking around” trying to exert some influence again. There have been two main characters keeping Maliki stable - from the beginning Talibani and the US. The only reason they are skulking around in the shadows right now – it’s like I said the other day, something is up!! Soon.
7-18-2012 Newshound Guru Med WE ARE ALL SITTING GOOD. WE KNOW BY FACT THAT THE CENTRAL BANK HAS ISSUED A STATEMENT, DESPITE THE COUNCIL OF MINISTERS ATTEMPTS TO STOP THE RV, THE CENTRAL BANK IS MOVING FORWARD AND IT WILL BE DONE. WE ALSO KNOW BY FACT THAT 1 DINAR WILL EQUAL 1 USD. WE ALSO KNOW BY FACT WHAT THE NEW CURRENCY VALUES WILL BE AND THE FILS. WE ALSO KNOW THIS BY STATEMENTS FROM CBI THEY DO NOT WANT TO ENTER THE NEW CURRENCY IN THE MIDDLE OF A FISCAL YR. NOW WE KNOW BY FACT THAT THE NEW BUDGET FOR 2013 IS WHEN THEY WANT TO ENTER INTO THE NEW RATE AND NEW ISSUE. OK GRANTED THEY HAVE NEVER AGREED ON ONE BEFORE, IT WAS DUE, BUT THEY DID STATE THEY WANTED TO MOVE ON IT EARLY. SO ON THAT, ALL WE CAN DO IS HOPE. HOPE THAT THEY DO GET IT DONE SO IT IS BENEFICIAL FOR ALL, INCLUDING US.
7-18-2012 Intel Guru Cap1 A FLOAT CAN BE A MANAGED FLOAT OR A DIRTY FLOAT. A MANAGED FLOAT...IS ONE WHERE THE RATE STAYS THE SAME FOR A PERIOD OF 90 DAYS AND AFTER THAT 90 DAY PERIOD, IT CAN GO UP OR DOWN 2% EVERY 90 DAYS. A DIRTY FLOAT CAN GO UP OR DOWN HOURLY AND IT'S VALUE IS DICTATED BY MARKET CONDITIONS. THE LAW OF SUPPLY AND DEMAND. IT WILL SETTLE OUT AROUND $4.76, IMO.
7-18-2012 Intel Guru Bulldog75 IRAQ NEEDS RV DESPPERATELY FOR RECOGNIZED WORLD CURRENCY AND ADMISSION TO WTO AND OUT OF CH7:..(NOT TO MENTION ELECTRICITY). HIGHER RATE MAY STAY FOR 7-10 IMHO. DIRTY FLOATS: RATES CHANGE 24/7/365 AND MANAGED IS 2% CHANGE DURING A 90 DAY PERIOD. [RV WILL] PROB BE A 'DIRTY FLOAT' CAUSE RATE WILL NOT STAY WITHIN 2% FOR 90 DAYS, IMHO.
7-17-2012 Intel Guru Soonerfan62 I BELIEVE THAT JONNY AND ALL OF US BELIEVE THE RATE WILL BE MUCH HIGHER FOR A FEW DAYS AND THEN SETTLE IN...AT ABOUT $4.50 OR SO...THUS THE DEFINITION OF FLOATING. I BELIEVE WE WILL HAVE ABOUT 7 DAYS OF A DOUBLE DIGET RATE AND THEN WILL SETTLE AT ABOUT WHAT KUWAIT IS. GUYS AGAIN I WILL SAY, THIS IS NOT ABOUT US, IT IS ABOUT ALL THE OTHER COUNTRIES THAT NEED A HIGH RATE TO SURVIVE. I BELIEVE WE ARE HOURS OR DAY FROM OUR BLESSING AND NOT SEPT. OF 2013. SO THERE YOU GO, YOU GOT MY OPINION.
7-17-2012 Intel Guru BWM the managed float makes perfect sense...win, win for everyone...it allows Iraq to have a rate that is extremely desirable to the international market while still getting their ppl to a place where they can rebuild and crawl out of the poor position the average Iraqi is in.
7-17-2012 Intel Guru Cap1 EVERYTHING IS STILL MOVING FORWARD AT A FASTER PACE THAN BEFORE TO GET THIS "PROJECT" COMPLETED. ALL IS VERY POSITIVE. I DON'T SEE ANY THING STANDING IN THE WAY. I HAVE BEEN INVOLVED IN EXTENSIVE RESEARCH, PHONE CALLS, ETC. TRYING MY BEST TO GET TO THE BOTTOM OF WHERE WE ARE AND I BELIEVE WE ARE TRULY ABOUT TO REACH THE END. I CAN'T SEE IT GOING INTO SEPTEMBER OR EVEN AUGUST FOR THAT MATTER. I BELIEVE IN MY HEART OF HEARTS THAT WE DON'T HAVE BUT DAYS LEFT. ALL SEEMS TO BE POINTING FROM A GEO-POLITICAL PERSPECTIVE AS WELL AS A FINANCIAL PERSPECTIVE THAT WE ARE SO VERY CLOSE. IT WILL RV. NO RI. [RATE] WILL SETTLE OUT AROUND $4.76 IMO. BE READY TO MOVE AT A MOMENTS NOTICE.
7-17-2012 Intel Guru Hammerman news out of iraq is good, good so good i was ordered not to say anything just yet...word for word...you cant say this info first...Being watched...wait and fill in the blanks after it leaks out. ok, calling china now, then ill call switerland and london...please stay calm...nothing can be done till tomorrow at the soonest...dont get hopes up to high yet...the fall hurts us...im on this.
7-17-2012 Intel Guru Blaino may be revaluing now! Sensitive info reveals foreign curr bank officials under N.D.A.s standby...rv alert...more info as things clarify. Steady please! Not a drill (mehopes!)—Today 6:37 pm. A senior (bank) foreign currency exec departed last evening to a location where he/she/they may have access to several dlrue machines. They are awaiting "exchange" instructions right now which were due hours ago and MAY, "may" be delivered as soon as the next few HOURS...In which case 'these' folks can exchange at these locations (overnight?) and THEN Mebby we get a turn!!! Tomorrow am is the first realistic opportunity for us to position for The surge, considering the clock and the logistics, employees, Etc. in all honesty, the best case scenario for most of us here is more likely thursday or friday to be in the "window", the cash out window! These institutions will need time to inform and educate all their "peeps" Procedures and so on, after having told them for years that this was a SCAM. I'm sharing what i can from what i got from several contacts. do not get overly carried away just yet! We need to see something develop first, THEN We need to ride this wave, not get dumped in the deep WATER...(sharks in there!).
7-17-2012 Intel Guru Cap1 ALL THAT CAN BE SAID HAS BEEN SAID...WE ARE IN A TERRIFICALLY GREAT PLACE NOW. NOW IS THE TIME!! WE'RE ALMOST DONE! HANG TUFF.
7-17-2012 Intel Guru Jonnywg imo this rv is the PTB'S bread and butter if we make a big noise there gonna get real pxxxxx. IT DOES NOT MAKE SENSE FOR ANY RATE TO BE FIXED, IT IS A CURRENCY AND THE PRICE WILL CHANGE FROM THE FIRST DAY IN MY OPINION...it will not be a managed float but a free float based on demand. AS IT CHANGES OR GET CONFIRMED I WILL COME BACK. AFTER THIS LONG WE CANNOT BE NEGATIVE, JUST INFORMED AND PREPARED FOR ANYTHING.
7-17-2012 Newshound Guru SWFloridaGuy With the issuance of Investment Law No.13, the economic approach in Iraq has transferred from the centrally guided economy to a market economy, which of course is an important change in the economic philosophy. There are many aspects and contributing factors we will never be fully aware of, but we can follow the general progress and recognize that (with a lot of help) Iraq is moving forward economically and their goal (clearly) is not only integration but establishing sustainability. [post 5 of 5]
7-17-2012 Intel Guru Jonnywg I admit that I have been involved in trying to resolve issues re the RV but cannot discuss detail per requests. It is also true that I did get to more than a few other RV strongholds over the past few weeks but I am not cashed in and will do so when everyone else does. there are no issues left to resolve...there are no IRAQ ISSUES...almost everything now stated as a problem is smoke…the real reason is that the PTB cannot agree as to time to release…greed is also involved…We just must wait and be prepared to react to the announcement. The monster rates are just not true but cannot be discussed…bank back screens are showing very low rates but they are still not live.
7-17-2012 Newshound Guru Breitling They said they are going to print the money in September and come out with it in January. There are articles that are saying they are kicking it down the road, but this is not from the CBI, this if from the Economic Committee. With all the articles that came out, the CBI hasn't said anything that says it has changed their view right now. But, I'm not putting in my budget, or hopes and dreams in January. I know how these guys are. The deletion of the zeroes means they are going to move the decimal over the nominal value, in my view. I don't know the exact rate, they keep saying they are going to come out at a buck. Sooner or later they are going to revalue.
7-17-2012 Newshound Guru SWFloridaGuy Iraq is also looking into global guarantees applied for by contractors and issued by the banks for a given period. For foreign firms they will use guarantees of banking institutions based in their countries of origin, then register with the Iraqi banks. The Iraqi banking system plays an important role in these transactions. The bottom line is: for Iraq to successfully implement the next stage of their economic reforms, they must continue to consult with representatives from the private sector, bilateral donor agencies and international organizations - such as the UN, WTO, IMF and the European Union - to ensure they are in compliance with international "proviso" or requirements. [post 4 of 5...stay tuned!]
7-17-2012 Newshound/Intel Guru BGG In an ironic turn – [Maliki] made a veiled threat toward the Kurds. Then telling the police they can’t be like the former regime – however, just this once – let’s crush my political enemies!! This guy is unbelievable. Which his current allies have to be seeing...This may well be his undoing. By hook or by crook – they intend to get Maliki in front of Parliament for an “interrogation session”. It wouldn’t surprise me if they lure him there under the auspices of him “lecturing” them. No matter what – he’s not wanting to land in front of the House.
7-17-2012 Newshound Guru Doc All-in-all things seem to be progressing in our favor. We do not see anything happening until after Ramadon since there is little time to get in place those things Shabibi has said he needs to see before currency reform can happen. Our opinion continues to point to the September to October time frame. This is based on published information to date. This information simply does not support imminent (second to second) timing. We encourage all to keep the big picture in focus and look for concrete events and not fantasy Forex rumors that will disappoint. We report, you decide.
7-17-2012 Newshound Guru SWFloridaGuy In Iraq, government procurement plays an important role in supporting the reconstruction and rehabilitation of the national economy as well providing the necessary infrastructure for the development of the private sector. The goal is to enhance economic integrity, transparency, credibility and prevent misconduct. Actually, Iraq is the one requesting (and receiving) help in these areas. Iraqi officials frequently fail to act for fear of violating new rules and procedures which they don’t understand. However, some of the responsibility of supervision has now been transferred over to the Council of Ministers, which is a good sign. [post 3 of 5...stay tuned!]
7-17-2012 Newshound/Intel Guru BGG I promise I am rooting for an immediate RV as much as anyone. I just don't believe we'll get the RV until Maliki is gone...Hope I'm wrong.
7-17-2012 Newshound Guru Doc Other news we find encouraging is that Maliki has supposedly nominated 3 persons for vacant posts one being the defense minister. This leads us to believe he most likely struck a deal to avoid the no confidence vote and remain in power. Honestly we do not care as long as the government is seated and there is a semblance of stability. We also speculate that the deal would include a level of power sharing and implementation of Ebril. One report said the HCl law would be reviewed in Parliament during their next session. However, that is yet to be seen. If the deal is true and Maliki actually goes through with his part we maintain these are the last events Shabibi has been waiting on and we would see currency reform fairly rapidly following. Unfortunately Maliki has a history of not living up to his promises but we are extremely encouraged that the pressure continues to mount upon him. [post 2 of 3...stay tuned!]
7-17-2012 Newshound Guru SWFloridaGuy This is no simple task and after decades of war, Iraq alone does not have the capacity to accomplish this. They don't have to. This has been a joint effort from the beginning...together with the IMF, World Bank and countless other government entities, commissions and organizations. We need to keep in mind many governments and corporations are heavily invested in Iraq and continue to support their reconstruction because like us, they see Iraq's potential and have invested heavily in order to reap the benefits themselves. There are certain key factors they monitor closely and will support (to protect their interests) such as political stability and the health of sectors which can maximize net economic gain. They can increase benefits by improving Iraq's image on an international level. [post 2 of 5...stay tuned!]
7-16-2012 Newshound Guru Eagle1 If we assume a stairstep in 90-day increments, (And remember, this is speculation! We have no specific intel that tells us what the individual steps will be.) we might look for a $3 or $3+ rate in 90 days with incremental steps until they reach their objective. The fact that the .81 IQD to 1 Euro continues to show up in Frankfurt and Paris is highly significant. That tells me we have a high possibility -- even a probability, if I may be so bold -- that we will see something either Tuesday or Thursday of this week. Keep your eyes peeled and your spirits alert! [post 2 of 2]
7-16-2012 Newshound Guru Eagle1 When the FOREX was showing the .16 rate, it also had the initials FRA following. That was a signal to folks in the financial markets to prepare for a rate (I'm assuming this here since I have no hard intel) that we should see probably in the 2013 budget. The Fixed Rate Agreement and Forward Rate Adjustment signal something that is coming down the pike. Once again, that .16 rate was .16 IQD to 1 Euro, meaning 6.25 Euros per IQD. As already noted, 6.25 Euros is equal to $7.62. My warning to people was to NOT look for that rate coming out immediately, but rather to expect that as a target rate (read that: future) for the IQD. The .81 rate which showed up Sunday (and still appears today) is the rate I believe we should expect when the actual RV announcement is made. It is the first of a probable stairstepped sequence in which we will see the IQD's value raised to the point where 1 Euro = .81 IQD. Depending on where the USD happens to be vs. the Basket of Currencies when the announcement is made, that gives us an opening rate of $1.50 - $1.51 per IQD. [post 1 of 2...stay tuned!]
7-16-2012 Intel/Newshound Guru Poppy3 [Maliki] should have been canned long ago but when they started, the first three weeks they spent waiting on their courts to deside if and how they could...it is a very complicated process. Now it seems they are positioning to pull the trigger on him and he is doing things that are really out of the ordinary even for him. I think he is losing touch with reallity in some areas.
7-16-2012 Newshound Guru SWFloridaGuy Today there were two reports released that show us the direction Iraq headed. According to the World Bank, Iraq is now ready to comply with their obligations and their application for full WTO accession is currently being reviewed for acceptance as negotiations continue. In addtion to forming a complete and functioning GOI, Iraq has six major issues they are working on right now. Iraq must have a tradeable currency to accomplish their goals and reclaim their economic prowess in the region (as it should be). [post 1 of 2...stay tuned!]
7-16-2012 Intel Guru Blaino A PUBLIC RATE IS POPPING IN SOME EURO MARKETS... LOOKING FOR SOME INFO ON THAT ALL DAY...$7+...TAKE AS RUMOR ONLY. THEY NEED IT "UP" SOMEPLACE IN THE WORLD TO MAKE IT "LEGAL" TO EXCHANGE CERTAIN FOLKS...SO, A SMALL EURO EXCHANGE IS HOSTING THE NUMBER.
7-16-2012 Newshound Guru Doc There is a lot of good information being reported out of Iraq. For one several reports indicate high level discussions with WTO entry. This is important since they will need an internationally traded currency for entry. We are also aware to get to that state they must come out of chapter 7 and have article 8 status for their currency. The good news here is that there have been several articles reporting chapter 7 exit is close. We do know the UNSC extended its involvement in this until the end of the year, however, the exit could come earlier. [post 1 of 3...stay tuned!]
7-16-2012 Newshound Guru Kaperoni The CBI is stating because of the delays, due to the layout decisions on the new currency, they will issue the smaller bills to cover in the meantime. That is spectacular news for us! The CBI is NOT stopping. The articles about 2014 are simply stating the new currency with the Kurdish language will not be ready as expected in time for the 2013 budget. Yes, now we have confirmation that back in 2003 when the 3 zero notes were printed, they also printed lower denoms. So, what the CBI is going to do…is use the dinar that is already printed. Awesome stuff! These notes are within the same family and will be introduced...There is no value unless the rate rises. So there, we have confirmation that smaller denoms do exist.
7-16-2012 Newshound Guru Mike They [Iraq] are one of the top 10 wealthiest countries in the world based on natural resources. So, if you start backing your money with those natural resources as we see that they are trying to do and what they are trying to accomplish here, it gives alot of value to that. We are learning more and more from the CBI that their economy is huge compared to where it is at - There are some great numbers when you look at the size of GDP...when you look at the size of the growth and you look at the size of what they have in oil production it puts them in the top 10 of the world among natural resources...This is just huge!!! they are going to add value to this currency at some point here and we are seeing the steps being fulfilled bit by bit.
7-16-2012 Intel/Newshound Guru Poppy3 I have gotten some very good sounding news today but I will not share unless BGG, myself or some more of our sources can further confirm. all these rates that appear from time to time can come from imf, ust, fed, etc and they all run test every month on their system and they can post any rate at any time but it is never activated, this information from a 19 year top executive within the fed.
7-16-2012 Newshound Guru SWFloridaGuy Be careful wishing for high rates. Keep things in perspective. 1 to 1 is 100,000%. People throw out numbers around 3 and 4 like it's nothing because they don't understand what that would do to the system. The higher the rate the better chance for a Lop. The largest currency appreciations in history range from 10%-40% and actually even that high of a change presents a ton of challenges. We need to understand what we're talking about here. I'm always surprised when people say from .00086 to .86 would be a small RV. That makes no sense.
7-16-2012 Intel Guru Blaino The National Conference is going to be a scripted showcase for the people. What we are seeing now is the preliminaries where they are trying to get their act together. The major players are all there doing their thing and meeting together with surrogates negotiating settlements but so far nothing has been signed and finished. How long they will drag this out is anyone's guess but I think we're getting close. When they get this all ironed out we'll see a public show of unity. We have video and news reports from Iraqi TV of citizens exchanging dollars and taking Iraqi Dinar back out. They did comment several times that the IQD was up substantially against the USD but I don't think this qualifies as an in-country RV. Tomorrow morning still looks pretty good for around 9am est. I'm looking for some things to happen tonight.
7-16-2012 Newshound/Intel Guru BGG Everytime [Maliki] gets close to solving Iraq’s troubles he pulls something like...putting troops up on the Kurdistan border. At some point everyone has to recognize this to be intentional. The NA had better make good on their promise to vote him out – because he’s not even close to doing anything they ask – not even for them!! This NCV [no confidence vote] is not nearly as “dead” or ineffective as everyone is thinking. With Maliki’s recent actions (yesterday and today) – it may all be a moot point. The good news is – they aren’t that far out of position with regard to removing him, if need be.
7-16-2012 Newshound Guru SWFloridaGuy Other than seeing WTO accession as general progress for Iraq, this issue in particular (convertible currency) is something we as Dinarians find may have some applicability. I'm not expecting it before Ramadan, so it doesn't slow things down the way I see it. I'm looking Sept-January for movement, which is right around the corner for the people who lay out economic policy 10 years at a time. I also don't pretend to know the date or rate though. It could be sooner, could be later.
7-16-2012 Newshound Guru Mike This is what I really like Shabibi...he came out full force and he supports everything that is going on...from a monetary standpoint they want to move forward....and letting people know they are ready...ready to go for it. its the government and everything else kinda sitting there and fighting them along the way...but they are smart enough to get by it ...even when it looks like they take a step back, they take 4 steps forward. CBI IS READY...BEEN READY AND MOVING FORWARD...FULL SPEED AHEAD.
7-16-2012 Intel Guru Ray things are really moving forward in Iraq. September is looking very, very good. The CBI is even selling De La Rue machines to the money changers so that they can verify the dinar when people start exchanging it for the new dinar. Has to be a reason for that. TV, radio and newspapers are still telling the people daily about the coming change and they are still saying September. Nothing will happen until after the feast of Ramadan. Shabibi is still saying 30 days in country to exchange and 45 out of country.
7-16-2012 Newshound Guru Vic1 THE IRAQI GOVERNMENT NEEDS THIS RV MUCH MORE THEN YOU AND I! THE CBI IS THE CENTRAL BANK OF IRAQ! A SELF STANDING AND SOUVERIGN BANKING STRUCTURE! THEY ARE RESPONSIBLE FOR THE MONETARY POLICY OF IRAQ! THEY WORK WITH THE GOVERNMENT! THE MONEY IS THE BACK BONE OF THAT COUNTRY! ...SHAB'S SAYS HE WILL RETURN HIS CURRENCY TO THE HAY DAYS OF THE 70'S AND 80'S. SO NOW THE TIME HAS COME TO GET HIS COUNTRY THE MONEY THEY NEED!
7-16-2012 Newshound Guru SWFloridaGuy the fact that they are negotiating Iraq's accession to the WTO is substantial. Iraq has to have a convertible currency. Membership is considered on an individual, case-specific basis. Once the terms are finalized, they are submitted to the WTO's General Council. If two-thirds of the members vote in favor, than Iraq may accede to the WTO. To convolute matters, since Iraq's plan is to dedollarize and not continue using the USD as their primary currency, they need to make the IQD a convertible one as accession stipulates. They are up for review and negotiating now. This is a great sign for us and one that points to the IQD becoming an internationally tradeable currency.
7-16-2012 Newshound Guru Kaperoni i saw an article yesterday that said the 500 and 250s will not be destroyed from the current currency and will be used, which means they must rv. yes, [no lop].
7-15-2012 Intel Guru FreewayBill Movers and shakers are in good shape right now...The good is kicking the bad's behind and things are progressing.
7-16-2012 Intel Guru Soonerfan62 I’M IN A GREAT MOOD...BECAUSE WE ARE TRULY ON A ANYTIME MOMENT NOW.
7-16-2012 Intel Guru Footforward the forex stuff is true, but understand this was a FUTURES contract, not a live rate on forex. WHAT THIS WHOLE FOREX DEAL WAS, IMO, WAS A FUTURES CONTRACT, BASICLY SAYING AT SOME POINT THE VALUE OF THE DINAR WILL GO UP, BUT WE KNOW THAT ALREADY. I DO THINK I KNOW WHY THIS HAPPENED, BUT I CANT GET INTO IT WITHOUT GETTING IN TROUBLE. ITS JUST GOOD NEWS. IGNOR THE FOREX RATE. THINGS ARE PROGRESSING AS THEY NEED TO.
7-15-2012 Intel Guru Blaino Iraqi tv is showing what appears to be many people exchanging dollars for IQD. It appears that they are indicating the IQD is now worth more than the USD. Working on confirmation. More when I get it. Be back soon!
7-15-2012 Newshound Guru Bondlady some dont seem to understand this but the higher the rate u can bet on a lop, the lower the rate, the rv chances get 85% higher...so im inclined to go the opisite way than the high rate but none of us will know till it happens.
7-15-2012 Intel Guru Hammerman The IQD showing on the London Forex on Thursday for several hours is correct, alot of confirmation of tier 1 cash outs, rumors of tier 2, can't confirm. Also, there are rumors that they are trying to delay tier 3 in order to apply more taxes. The U. S. does not want the little people to have this money. I have heard they will tax you, the little people, up to 89%, this comes from high up government sources. Heard that IQD was being cashed in for USD at $4.78 inside Iraq. Shabibi's last day in office is Nov. 27th. I don't think he will leave without this happening. I do believe Shabibi will have the final say.
7-15-2012 Intel/Newshound Guru Poppy3 Well, the Minister list has been submitted again. This time they have submitted 5 names for three opening. Now this is the fourth time names have been submitted. I hope someone stands their ground this time and gets the vote and seating completed. GET-R-DONE BOYS Poppa needs and brand new bag.
7-15-2012 Intel Guru Enorrste If it doesn't happen by September 1, I will be very disappointed. Shabibi has made his commitment. Now he just needs to live up to it.
7-15-2012 Newshound Guru Eagle1 As far as I know, the general rule of thumb is that when these items show up like this on FOREX, we can usually expect the actual currency change to occur within 72 hours. Notice, also, that the announcement came just prior to a weekend. No trading takes place over the weekend, and by making the announcement at the close of business on a Thursday, it limits speculative trading. Traders generally know that (and there are restrictions in place -- TOUGH RESTRICTIONS) they can't implement any currency transactions with that particular currency during the following 72 hours. Hence, the weekend announcement. [post 3 of 3]
7-15-2012 Newshound Guru Eagle1 As far as whether they would wait for a week or not to implement the actual rate change, because of the possibility of investors scooping up the currency (and some will do that anyway!) and expecting to reap their dividend within 24 hours or even a week, the actual release time is kept a closely guarded secret, and could delay as much as 30 days (and even 90 days in some cases) if the IMF and Central Bank thought it appropriate. [post 2 of 3...stay tuned!]
7-15-2012 Newshound Guru Eagle1 Follow-up to Frankfort Forex: One would think that the 17th is the next logical day, and that may well be the case. Honestly, I look for the announcement virtually any minute. Normally, however, when an item like this shows up on FOREX and it is still there at the end of the business day, it will remain there until trading resumes, whether it begins the next morning at 8:00 AM or, in the case of a weekend, when trading resumes on Monday morning. [post 1 of 3...stay tuned!]
7-15-2012 Newshound/Intel Guru BGG National Alliance and the Kurdistan agree on dialogue and the adoption of all papers of meetings. Just out now. feeling better about it now...My main concern has been the Kurds getting left out all along. The "Other Shoe" just dropped. I'm starting to think they could really pull it off...looking more and more like it.
7-15-2012 Newshound Guru Med READ THE POSTS ON THE ZERO'S TODAY...TWO FROM SEPARATE BLOCS, ONE FROM THE LIST, THE OTHER FROM THE KURDS BOTH SUPPORTING THE RV. ONE OTHER NOTE IS THAT THE KURDS SAID WHY PUT OFF TILL TOMORROW WHEN YOU CAN DO IT TODAY IF YOU ARE READY. THEY CALLED FOR THE MOVE NOW.
7-15-2012 Newshound Guru Eagle1 Take the current value of the Euro against the US Dollar and we have a valuation of the IQD against the USD equal to $7.62. I would highly caution all of you to consider this figure with a lot of question marks. For those of us who have analyzed this piece of information, it would seem like that would cause a shock in many economies, and that a gradual increase over a six-to-twelve month (or even an 18-month) span in 90-day increments, the first being at Ernst & Young’s suggested $1.30 rate being the more logical and probable. If we get anything like $7.62 at the outset, you’ll have to cover your ears to protect your hearing from the deafening roar of excitement! What I do know is that the wheels are turning and Shabibi’s announcement is imminent. [post 3 of 3]
7-15-2012 Newshound/Intel Guru BGG I did not call an RV today, but things are leading us in that direction. A few weeks ago in the news, Maliki actually offered Allawi the Erbil deal for them not to go forward with the no confidence. Allawi accepted the deal as long as he hurried up what he needed to do. I'm not sure if the National Meeting didn't start today, I believe that if we get an announcement for the National Meeting, or this is the National Meeting that is taking place, as soon as there is a power sharing agreement, I believe this will go very quickly. We are looking at 24 hours to a week. We are in a prime window to see some ground breaking news.
7-15-2012 Newshound Guru SWFloridaguy Allawi said that the IMA meeting is over and they need to more forward with the No Confidence vote on Maliki, this is direct from Allawi. I wouldn't be surprised if they are trying to get a deal in the works by keeping the pressure on in order to come to a compromise. This governments stability is vital for Iraq to more forward with economic reforms, IMO. This has drawn on longer than any of us expected, but it will be resolved.
7-15-2012 Newshound Guru Eagle1 Now, let me go back to the posting which appeared Thursday night on Frankfurt’s FOREX exchange. You will see the following notation: EUR-IQD.F EUR/IQD 0.16 Currencies FRA. Here’s where things get interesting. The FRA notation has a double meaning. The first is “Fixed Rate Adjustment.” The second is “Forward Rate Agreement.” In short, a forward rate agreement (FRA) is an over-the-counter financial futures contract on short-term deposits. Both of these uses of the FRA notation indicate an increase in value and advise currency traders and businesses/nations engaged in contract negotiations with Iraq that the IQD is about to revalue and that future contracts will need to incorporate the new rate. [post 2 of 3...stay tuned!]
7-15-2012 Newshound Guru Vic1 CHAPTER 7 HAS NOTHING TO DO WITH THEM RV'ING THEIR CURRENCY! THEY ARE A SOUVERIGN NATION. THE LAST BIT OF CHAPTER 7 IS THE IRAQ/KUWAIT BOUNDARIES.
7-15-2012 Intel Guru Bluwolf the fact is that all has been said and is positive till this point. No delays and no problems have occur what so ever...all is still positive and on track, we are in a second by second alert, waiting on the phone call.
7-15-2012 Newshound Guru Eagle1 The past 24 hours have brought about some extremely interesting developments. Thursday at roughly 5:00 PM Eastern, the IQD showed up on FOREX at the Frankfurt Exchange, and shortly thereafter on the Paris Exchange. For reasons explained otherwise, it did not appear on Citibank’s FOREX site in the U.S., and that may be because the USD was not referenced in this announcement. the IQD was referenced to the Euro. The Euro was equal (in this posting) to .16 IQD. That would make the IQD worth Eu6.25. Take the current value of the Euro against the US Dollar and we have a valuation of the IQD against the USD equal to $7.62. the rate continued to display for some seven hours. (Update: The rate was still there, by the way, as of noon Friday.) We’ve seen glitches before, but they generally last for a few minutes, and maybe an hour at the absolute outside. On the day following the appearance of this rate with both Frankfurt and Paris FOREX exchanges, we learn that the Iraqi Minister of Finance as well as other representatives from the GOI were in Frankfurt and Paris to open up embassies. Makes you go, HMMMMMMMM. [post 1 of 3...stay tuned!]
7-15-2012 Intel Guru Footforward EVERYTHING IS IN PLACE THAT NEEDS TO BE FOR THIS TO HAPPEN. ITS A BATTLE FOR CONTROL, THAT SIMPLE. THERE SEEMS TO BE FORWARD MOTION, AND I EXPECT THE RATE TO BE "REAL GOOD". I DO THINK THE RATE GOES UP THE LONGER THIS GOES. IF I EXPECTED THIS TO BE A WAYS OFF I WOULD TELL YOU. IT CAN BE ANY TIME.
7-15-2012 Intel Guru Soonerfan62 ALL DONE, GET READY.
7-16-2012 Coming Soon....You've asked for it so here it comes! Thousand and thousands of Dinar Guru community members downloaded the LOP vs RV Report last week...NOW I'm giving you have the opportunity to get The Guru Rate Debate Special Report. You've heard the predicted rates from ZERO to .10 cents to .86 on up to $5.45 and above. Inside this special report you'll see WHY each guru feels their rate is the rate and the proof behind it.
Make sure you're signed up in the blue box at the top right of the site (above) so you can get your copy when its released...
Gurus, get your RATE info to me ASAP so you can be included...
7-14-2012 Newshound Guru Vic1 Shabibi says I'm lifting the 000's from the market place!!! So less "supply" will mean a HIGHER Value of his currency!!! the WTO has lowered qualification to inter the WTO. That date is July 25, 2012! Not saying that is the date...however...That date is very encouraging to me! The CBI set up 4 other CBI offices around the country, they have 5. "IF" your Currency is NOT going to BE WORTH The Paper IT is PRINTED ON WHY would you SPEND money on More CBI LOCATIONS then Begin plans ON a NEW CBI H/Q for 500MILLION dollars!!! IT TELLS ME MONEY BE GET'S MONEY!!! Ramadan!!! It starts on july 20th. I did not say RV cannot happen before, during or after! It can happen at any moment!! ALL IS GOOD to GO.
7-14-2012 Newshound Guru Phoenix3333 Iraq is meeting with the UN Security Council Thursday, July 19th, 2012. 9:45 AM - 10:45 AM Security Council Media Stakeout (Consultations on the United Nations Assistance Mission for Iraq (UNAMI). 10:00 AM - 11:00 AM Security Council Meeting: Briefing on the United Nations Assistance Mission for Iraq (UNAMI)"
7-14-2012 Newshound Guru SWFloridaGuy I believe this is all part of a well-orchestrated plan and while the IQD will not be the world's savior by any means, it does present a unique opportunity for the Central Banks to rebalance the system and use this currency as an adjustment tool or stimulus during this global financial crisis. In this respect, a significant revaluation somewhere on par with the USD gains a bit more tenability. If all the reports out of the CBI lately are true, one way or another Iraq will be added to the history books in 2012 and my research has led me to believe that it will be a VERY "large exchange rate event." This is just my opinion, which may or may not be correct.
7-14-2012 Intel Guru TerryK JUST GOT THIS...In the streets of Baghdad they are hearing that many changes are coming... That their currency will be made new... And changing...but not how or why. THIS JUST CAME TO ME VIA THRU A CONTRACTOR IN IRAQ.
7-14-2012 Newshound/Intel Guru BGG They have been making noise about this National Meeting for a little while now...If this...deal being “in the works”...turns out to be the National Conference and if it’s over quickly and with resolution…we could be much closer than anyone realizes.
7-14-2012 Newshound Guru SWFloridaGuy there are many different mechanisms that lead country's currency to appreciate and all would pale in comparison (both numerically and strategically) to what we believe is on the horizon for the Iraqi dinar. We believe the goal for the IQD is to increase purchasing power, maintain long-term stability and to be a globally traded currency. Although after decades of war there is still much work to be done, the CBI, Finance Committee and IMF have worked to improve the fiscal and political outlook by collaborating with Iraqi Parliament, financial experts along with their international counterparts. The value in the IQD is still there. Now just as they didn't get to their current value alone, I also don't believe they can recover alone. [post 2 of 3...stay tuned!]
7-13-2012 Intel Guru TerryK I GOT WORD TODAY THAT WHAT I HAVE BEEN SAYING FOR THE PAST 8 MONTHS IS INDEED TRUE THAT O [OBAMA] IS THE ONE HOLDING THIS UP. HE ASKED IMF AND IRAQ TO HOLD OFF TIL MID AUGUST. IMF TOLD HIM NO AS WELL AS IRAQ. NOW THIS IS POISED TO HAPPEN ANY TIME ACCORDING TO UST SOURCE, THATS WHERE THIS CAME FROM.
7-13-2012 Intel Guru Bluwolf THERE ARE NO CHANGES, NO NEGATIVES. I DID SAY THAT SOME WERE BUYING TIME BUT THAT BUYING OF TIME IS OVER. ITS [VND] IN THE BASKET LOCKED AND LOADED JUST LIKE THE DINAR. WE ARE SECOND BY SECOND ON ALERT, WAITING FOR THE FINAL PHONE CALL.
7-13-2012 Newshound Guru L.J. [new guru] Adoption of the smart cards in one of the provinces ..sort of a test market for these cards....they are going to deliver their salaries to these smart cards - excited about bolstering the banking system in that area..excited about these smart cards getting into the peoples hands...we do not think this is not going to cause the RV....it is not event driven...it is a part of the process of building the banks...eventually they will add value to it but they are going to get the people used to it.
7-13-2012 Newshound Guru Arthur "90% of intl trade are member of the WTO" You can bet that Chapter 7 and Ascension into the WTO were included in those High Level Meetings..these are things that they are doing...they are on-going - all part of what we need to get to where we need to be...you can see the progression...seeing a robust economy...I always go back to what the CBI is doing...laws being passed...Shabibi doing things in order to get us where they and we need to be...we know part of that is going to indeed soon be the revaluation of the Iraqi Dinar.
7-13-2012 Newshound Guru SWFloridaGuy It's no secret that the IQD's current rate was government imposed and is grossly undervalued but that doesn't mean we should down-play the significance of what we believe they are trying to accomplish. To put things in perspective; for Iraq to revalue to even a fraction of what we expect (on par with USD/100,000% appreciation) would make this currency reform project a singularity and considered an extremely ambitious economic phenomenon even to Heterodox economists who take "power" and the global elite more into consideration. I will continue to promulgate the theory that the Iraqi dinar will revalue, while also recognizing the challenges it presents. [post 1 of 3...stay tuned!]
7-13-2012 Intel Guru Footforward EVERYTHING IS STILL OK. IT SHOULD HAVE HAPPENED TUESDAY. IT DIDN’T, WE DO KNOW WHY. IT’S BEING DEALT WITH AND THINGS ARE GOING FORWARD...IF WE WERE A LONG WAY OFF I’D TELL YOU...this can still go any time.
7-13-2012 Intel Guru Blaino We continue to dig for facts and pieces to this massive puzzle. There were several meetings and events this week that had an impact on the RV. We hope that it's CLOSE!
7-13-2012 Newshound Guru SWFloridaGuy There is an interesting meeting that is being held in September [September 18-19 2012] and I would imagine that the currency reform project and the future of the IQD will certainly be a topic of interest. Maybe the timing of the Conference has significance. The goal of this meeting is to facilitate constructive dialogue and exchanges between all the key players to rebuild a world-class banking and financial services industry in Iraq.
7-12-2012 Newshound/Intel Guru BGG I have confidence that either Maliki will be removed or (the lesser of the options) he will bend over and give up the Erbil (finally). I still have more confidence they will remove Maliki, than he will implement anything during a National Meeting. We're a ways off from Maliki actually "doing it." I'm hearing the National Meeting will be announced shortly (very credible). However, I still don't think he'll change his stripes and do right even under the threats he is now.
7-12-2012 Newshound Guru Adam Montana Why do people insist that they have to have "cash on hand" to back up an RV when the US doesn't even follow that guideline? The US does NOT have gold, assets, or "cash" to back up the "value" of our monetary system. The debt we have IS part of the "value" of our money, it is on our balance sheet. Ever since we left the gold standard our "value" has basically been given to us by China and every other country that we owe money to based on one thing: CREDIT. So, if the US doesn't have to have "cash on hand" to back up our debts, why does Iraq?
7-12-2012 Intel Guru Blaino the issue for now appears to be these un-announced ministers. They have been appointed and working since last fall...the question is this, are these two getting announced Or are they getting replaced since they have yet to be announced and as the political winds have shifted in the last 9 months. i have no one (as yet) able to penetrate the national council meetings to reveal the direction that this will GO. But we know THIS, there is not much of an excuse or reason WHY. the reports of banks, especially chase in houston having cashed out their employees are totally confirmed to be unconfirmable...i have spoken to chase and wf management in a number of REGIONS...It's all bs.
7-12-2012 Newshound/Intel Guru BGG It looks to me, there is still a significant grounds well of support to remove Maliki. Maybe more so now than before. I know both Iran and the US would like him to stay (for purely selfish reasons) but I just don’t see it that way. I think the inside scoop is the info is good thru early next week...we should hear some info no later than late into the weekend.
7-12-2012 Newshound Guru Enorrste It will NOT happen in the next two days. There are still a few things that have to be handled by the CBI and the Parliament and the government, and until those issues are resolved you can forget about all...saying "today or tomorrow." Don't expect anything until late this month or early next month, at the earliest.
7-12-2012 Newshound Guru Adam Montana Lots of people will compare Iraq to Turkey simply to back up their negative points. True, there are some similarities... but the big picture is very different. Iraq is NOT Turkey, so we can't expect them to make the same choices Turkey made. The lopsters will deny that. [post 7 of 8...stay tuned!]
7-12-2012 Intel Guru Blaino our monday pass holds for NOW...a pass is a time during which the rv is unlikely to occur, but the end of the pass is not the signal that the rv is to appear at that moment...after issuing the pass, i recieved information that makes tuesday am seem... "interesting"...we shall await tuesday and see what, if anything develops...on a 1 to 100 SCALE, Tuesday's odds are roughly 70, IMO.
7-12-2012 Intel/Newshound Guru Poppy3 pray that they follow through and rid themself of MALIKI, here is why!! I know DR SHABIBI has stated several times he wants the complete goi and all issued emplimented but remember MALIKI tried to get the DR out of the CBI position and Shabi doesn't like Maliki at all and for sure doesn't trust him for the future...if he stays it may take a lot of time for dr shabibi to gain trust enough to rv the MONEY. PRAY...MALIKI WILL BE REMOVED AND DR SHABIBI WILL FIND FAVOR WITH THE NEW COMPLETE ADMINISTRATION.
7-12-2012 Newshound Guru Vic1 many calls from non-intel folks, get the drift! London Investment people that are into serious overall Markets that are all over this! Remember, We are looking at a One Time RV. These Guys are in it for the LONG HAUL! This is no...JOKE!!! BIG Players are NOT holding this UP!!! They need their MONEY!!! Investors do NOT come in on a WHIM. These are people that have studied the Market and KNOW what the final outcome Represents! Nathaniel Rothschild has a 50%/50% All Stock split with a turkish oil company in kurdistan! HE does NOT and WILL NOT Bet on a LAME HORSE! I really need you all to understand, we really are at a any moment...Drop the Green Flag Moment! We are really in a GREAT POSITION!!! GOT IT! "ALL IS COMING TO an ABRUPT TRAIN STATION STOP!
7-12-2012 Intel Guru Bluwolf we are in the best position ever, just waiting on the...phone call, whatever news you may see coming out of iraq has no relation with this international release...iraq is now known as becoming the highest currency in the middle east as part of the GCC, it's rate should be the highest, way over Kuwait and the highest of all middle eastern countries...it is here and we know it, the rates are locked in in our banks, hopefully all the time buying is officially over and done with, we are in a second by second alert.
7-12-2012 Newshound Guru Adam Montana Iraq does have more natural resources and definitely should have a currency valued at or higher than a country like Egypt. That's another reason I'm hanging onto my IQD. [post 6 of 8...stay tuned!]
7-12-2012 Newshound/Intel Guru BGG it looks alot like Maliki and the NA is up to it’s normal tricks of delay and deny. Does this surprise anyone?? I know Talibani is in town, as were the other actors we have talked about. However, at this point – it would be a dream come true if the news articles about Talibani threatening to retire were true. That would move this process along soooooo much faster. With Al-Hashemi unable to fulfill the duties – the POR job would go to Najafi. We all know how much he likes Maliki. The “official request” for a NCV would take about 4 nanoseconds to get sent to the Speakers office.
7-12-2012 Newshound Guru Adam Montana I think Iraq is more concerned with Iraq than they are with the US. Will our elections have an impact? Absolutely yes! Will Iraq wait for the outcome? I doubt it. Iraq is focused on Iraq. When they are in the right position and their ducks are reasonable in place, that's when it will happen. [post 5 of 8...stay tuned!]
7-12-2012 Newshound Guru Med UNLESS THERE IS SOME MAJOR UPROAR MALIKI WILL SURVIVE AND IT HAS TO BE PUBLIC. HIS MEMBERS IN THE STATE ARE FANATICS AND I AM SURE THEY ARE ALL IN DEEP IN THE CORRUPTION, THEY HAVE TO BE YOU DONT BECOME A BILLIONARE IN 6 YRS WITH NO INVESTMENTS, NO MONEY TO INVEST...WHEN ALL ARE CORRUPT WHO MAKES HIM ACCOUNTABLE.
7-12-2012 Newshound Guru SWFloridaGuy Right now they are investigating the economic impact this currency reform project will have inside of Iraq. The feasibility of the project is being addressed by the Council of Ministers and the CBI. They are working toward removing all remaining obstacles. Preferably, the CBI will receive the approbative nod from the Council of Ministers. This coordination would promote a smooth transition and the success of the national project. Everything points to their plan (of which we are forced to speculate on and have no infallible confirmation), being accomplished in 2012.
7-12-2012 Intel Guru Bulldog75 THERE IS NOTHING HOLDING THIS BACK ON THE SURFACE. BEHIND THE CURTAIN IS A POWER STRUGGLE OF THE GOOD VS. BAD. [do you feel this is going to go through or to the weekend?] MY INTUITION SAYS NO. EXTREMELY OPTIMISTIC HERE. ITS A DEAD END STREET. NO TURNS. RIVER OF NO RETURN.
7-11-2012 Newshound Guru Adam Montana Every day we are seeing more and more articles about Iraq's progress and their determination to make improvements in their economy, government, and value of their currency. I'm not going to blow smoke up your butt and tell you that it's likely to happen tomorrow... but that doesn't mean it CAN'T happen tomorrow. It could, it might, or it might not. There is nothing set in concrete stopping it. [post 4 of 8...stay tuned!]
7-11-2012 Newshound Guru SWFloridaGuy They are attempting the most ambitious financial project in history and they are receiving a lot of help to accomplish this. The CBI is working in tandem with the Finance Committee and Council of Ministers, although under Law 56 of COA the CBI has the power to replace the currency without reference to the government. The Finance Committee released a statement saying that, "The central bank has the powers to replace a single currency without reference to the Council of Ministers." Jubouri also said that the central bank has the powers of the currency exchange alone, without reference to the cabinet which has the support of the Finance Committee under Law 56 for the Coalition Provisional Authority. Under the supervision of the Finance Commission, this authorizes the CBI on the management of the monetary policy. [post 2 of 3...stay tuned!]
7-11-2012 Intel Guru Bluwolf STILL NO INTEL AVAILABLE, ALL IS LIKE IT IS SUPPOSE TO BE SILENT. NO CHANGES, WE ARE STILL ON TRACK, NO DIRECT INFO AS OF YET, WE ARE STILL WAITING ON THAT CALL...THE RESULTS ARE AROUND THE CORNER.
7-11-2012 Newshound Guru Mike Beginning of the first of the year they were all ready moving forward with the deletion of the zeroes...At that particular time they got news from the IMF about their banking system - gave them a report saying we would really like to see these reforms take place in your banking system…Remember in the Future of Iraq Project one of the last things needing to be done was the development of the banking system. Over the last 3 months we have seen more movement in the development of the Banking System…Shabibi coming out and talking about the private sector and getting his banks healthy and ready for fractional banking…You don't do this if your currency is going to be worthless...they are doing this and acting like there is value to their currency already.
7-11-2012 Newshound/Intel Guru BGG "Currency exchange between rejection and acceptance" Well, well, well….this article seems to indicate the market conditions are good for the project to begin. It says the economy won’t be harmed and it will improve things. It also says that both currencies will exist in the market place at the same time…which would seem to “fly in the face” of a LOP scenario…JMHO
7-11-2012 Newshound Guru Adam Montana Best case scenario: We see a major rise in the value of the Iraqi Dinar, Iraq's economy is kick-started with a serious shot of jet fuel, and the ISX values outperform even the value of the rapidly strengthening Dinar. Quite honestly - this potential upside is what I love about being involved in the ISX and the IQD in general. Yes, there is a potential downside...but the upside possibilities are staggering and I am not going to simply ignore it. [post 3 of 8...stay tuned!]
7-11-2012 Intel Guru Blaino Additional confirmations this MORNING...Tracking appears to be holding... We remain at level 5 alert...Probably $4 range, simple exchange... Everyone WINS...pass stands [A pass is a time when an rv is essentially impossible], but it may commence 9am edt tuesday!
7-11-2012 Newshound Guru Adam Montana "worst case scenario". We see the dreaded (lop) bunny-ear, all of our cash values are reset to a neutral value, and we are forced to wait for the value to grow naturally. In this case, I'm looking at about 6 months before things really start to grow. After that 6 month period, I would expect to see MAJOR growth, giving me 2-3-4-5x my investment. Not what I am hoping for, but it's sure better than what my 401k has done over the last 5 years! [post 2 of 8...stay tuned for the best case scenario!]
7-11-2012 Newshound Guru SWFloridaGuy We see many processes working independently of each other, while still interrelated. The GOI continues to make progress toward Erbil implementation, permanent Ministers and the announcement of the Strategic Council, while the CBI and Finance Committee continue their studies and take preparatory steps that will ensure the success of the project. This really is the home stretch. [post 1 of 3...stay tuned!]
7-11-2012 Newshound Guru Mailman17 PALIAMENT IS TAKING THE CORRECT MEASURES TO WEED OUT AS MUCH AS THEY CAN AND BEGIN FRESH. IRAQ WILL SUCCEED. THEY WILL BE A FORCE. THEY WILL BE A RICH COUNTRY AND AS A BONUS...WE WILL RIDE THEIR COAT TAILS ALONG WITH EVERY INDUSTRIALIZED NATION THAT HAS THE FORSIGHT TO GET INVOLVED IN IRAQS PLAN. ALTHOUGH THIS WAS A HIGH RISK AND A VERY LENGTHY RIDE WE HAVE BEEN ON...PAYDAY IS ABOUT TO HIT.
7-11-2012 Newshound Guru Mailman17 IRAQ IS A SEED THAT WILL SLOWLY GROW INTO THE MIGHT OAK OF THE MIDDLE EAST. THAT IS WHY THE DINAR WAS PUT OUT FOR NOT ONLY US BUT COUNTRIES AS A RESERVE CURRENCY...IT ONLY MAKES IRAQ STRONGER DAY TO DAY AND YEAR TO YEAR. NOW IT IS TIME FOR THEM TO SHOW THEY CAN TAKE CARE OF CORRUPTION ON THEIR OWN AND THATS WHAT THE UN LOOKS AT, THE US, EUROPE AND YES...EVEN CHINA. THAT IS WHY WE WILL BE CASHING IN VERY SHORTLY BECAUSE IRAQ IS NOW READY...THE NEWS TELL US SO, SHABS TELLS US SO...ITS COMING PEEPS. [post 1 of 2...stay tuned!]
7-11-2012 Newshound Guru Adam Montana Shabibbi is implicated as head button-pusher (this is good!), they are starting to show weakness in their "resolve" to "delete the zeros" (this is good!) and the Chapter 7 issue is ready to buckle once and for all (this is also good!) The only bad news I have is that we still have to wait. [post 1 of 8...stay tuned!]
7-11-2012 Newshound Guru Med IF ONE WERE TO LOOK AT...THE BIG PICTURE SCENARIO, [MALIKI] DID MONOPOLIZE POWER. HE CONTROLLED THE MILITARY BY NOT APPOINTING ANYONE AND HIM BEING THE PROXY, SAME WITH THE SECURITY, HE IS THE PROXY FOR THAT, SAME WITH THE COUNCIL HE HEADS IT. NOW DOING THIS SHOWED HOW ONE MAN CAN STEAL 7 BILLION USD AND NOT BE HELD ACCOUNTABLE. BUT, SOMEHOW AN AUDIT SHOWED HE DID THIS WITHOUT APPROVAL AND I BELIEVE IT WAS THE INTEGRITY COMMISSION THAT FOUND IT OUT. 7 BILLION, THAT IS OVER TWICE WHAT IT COST TO PUT ELECTRICITY IN ALL OF IRAQ BY GE AND SEIMANS. I HOPE HE KEPT RECEIPTS. LOL
7-11-2012 Newshound Guru Mailman17 THE TRADE BANK HAS BEEN SET FOR A LONG TIME. ALL THE STATE BANKS ARE READY AND NOW THE LOCAL ONES ARE TOO. GO BACK IN TIME TO ALL THE THINGS THAT WERE DONE BUT FORGOTTEN BY MOST, ESPECIALLY CONCERNING THE BANKS THEN ADD IN…THE CBIS EXTENSIVE PROCEDURES AND THEN THROW IN A LITTLE CHEESE FOR FLAVORING AND YOU GET AN RV SANDWICH. BUT THE MAIN CONCERN IS STILL THE GOI AND MALIKI. THE FINANCE PART OF THIS IS DONE.
7-11-2012 Newshound Guru Breitling I completely agree with what Med's explanation "RIGHT NOW THE DINAR IS 1166 BUT THE NOMINAL VALUE IS .00086 AND SINCE CBI STATED THEY ARE REMOVING THE ZERO FROM THE NOMINAL VALUE OR THE THOUSANDTH, THIS IS WHERE THIS THOUSAND TO ONE KEEPS POPPING UP, THE DINAR IS RECOGNIZED IN THE THOUSANDTH THE USD IS NOT. BY REMOVING THE 3 ZERO'S OR THE THOUSANDTH POSITIONS THEY ARE NOW BROUGHT IN LINE WITH THE NOMINAL VALUE OF THE USD. NOW WHAT IT THE CONVERTED VALUE AFTER THE REMOVAL OF THE ZERO'S? 1.17 DINARS = 1 US DOLLAR OR .86 CENTS", that is how I see it. They are going to come in at a buck or completely ignor the new currency & new money supply & come in at a lower rate. We are at the mercy of the CBI. Print in September, distribute in January...just below a buck.
7-10-2012 Intel Guru SteveI With my involvement and listening to my sources, (actually in Iraq) the continued promotion towards a better Iraq and the increased value of their currency is real. You can believe or not believe, but this investment, if you let it play out, will be worth it.
7-10-2012 Intel Guru Blaino due to intel from 2 top govt sources HERE...One official there (goi) and 3 confirms, i'm issuing a pass till monday morning at 9am, eastern TIME...A pass is a time when an rv is essentially impossible...And the end of the pass doesn't mean "instant rv" EITHER...this is not my favorite NEWS...Keeping it real.
7-10-2012 Newshound Guru Mailman17 OF COURSE THERES THAT LITTLE THING CALLED THE RV...SHABS NEEDS NO ONES PERMISSION TO NOT ONLY RELEASE THE RATE BUT THE NEW BILLS AS WELL AND HE HAS ALL THE BLESSINGS HE NEEDS. SHABS HAS THE ARM, THE CONTROL, ALWAYS DID. WE ALREADY KNOW THE TAX/TARRIF WILL EFFECT SHABS. WE KNOW THE RATES COMING. WE KNOW THE NEW NOTES ARE COMING. SO NOW LETS SAY...MALIKI IS OUT, THE NEW GOI IS FORMED AND REAL QUICK. ISNT THAT WHAT SHABS HAS BEEN WAITING FOR ALL ALONG? WHATS STOPPING HIM FROM ACCELERATING HIS TIMELINE...INSTEAD OF JAN 1, ASAP...AS SOON AS HE IS SATISFIED ALL THE GOI LOOSE ENDS ARE TIED? WAS IT PLANNED?...IMO..YOU BETCHYA.
7-10-2012 Newshound Guru Kaperoni Parliament is back for a few days to pass some well needed laws (hopefully) before the beginning of Ramadan on July 20th.
7-10-2012 Intel Guru Soonerfan62 Will this happen tonight or tomorrow, who knows...now that we all know (well most) that we are there is very exciting to me...i promise you this ride is almost over.
7-10-2012 Intel/Newshound Guru Poppy3 This info came directly out of Iraq...Talabani is in Iraq and he and Alawi were part of the meeting today. Parliament is ready to put the ministers in place. National Conference will probably be Saturday or Sunday, this is not set yet but they are to decide on this, we are on the agenda. No ruling or action yet on Maliki.
7-10-2012 Newshound Guru SWFloridaGuy We all know the value in the IQD is still there. Iraq's wealth has only increased with the discovery of large amounts of gold and oil & mineral deposits since their currency was devalued due to a war strategy. We will never have a complete understanding of the plan but we do think political stability and inflation are key factors. The IMF and World Bank has continued to instruct the CBI on how to improve economic efficiency, correct abuses, implement policies and enter the next phase of their currency reform project. (Which we also hope to profit from). Although there are still many areas in need of improvement, Iraq has come a long way. When we have announcements of the Strategic Council, HCL and full Erbil implementation, the political environment may be stable enough to ensure the success of the project and the CBI will make their move. These of course are no more than my opinions, which may or may not be correct.
7-10-2012 Newshound Guru Randy Koonce Keep looking for the National meeting. Talabani did get back and they are voting today on the last ministers in parliament...Yeah, this is coming to an end.
7-10-2012 Newshound/Intel Guru BGG Alawi and Barzani are in or headed to Bagdad right now. We are headed to a solution. They're either cooking a deal or cookig Maliki. All the players are in the right place.
7-10-2012 Intel Guru Blaino The Final Days of the "Great dinar Ride!" Citizens, Dinarians and readers across the chat-o-sphere...we are STILL on "Launch Standby" for the orbital shot of the IQD!
7-10-2012 Newshound Guru Mailman17 I WOULDNT WANNA BE MALIKI RIGHT NOW GOING INTO THAT INTERROGATION...AS FAR AS THE COUNT GOES...ITS 124 GOING INTO THE ROOM AGAINST, WITH SADRS GROUP CASTING THEIR 40 AFTERWARDS AND I REALLY CANT SEE EVEN THE NA NOT GOING ALL IN AGAINST HIM. JUST CAUSE THE NO VOTE SEEMED STALLED DIDNT MEAN IT WAS PUT IN A DRAWER. IT WAS STILL GOING STRONG JUST NOT IN THE MEDIA LIKE MALIKI USES. WE SAID THEY MUST DO THIS BY THE BOOK AND FOLLOW THE RULES AS TO NOT GIVE HIM ANY WAY OUT DUE TO A MISSED STAGE.
7-10-2012 Newshound Guru Kaperoni Its been an amazing week with all the CBI articles. Iraqi citizens will be forced to turn their dinar into the banks which will not only force them to get bank accounts but also address counterfeiting. This is a process, not a single event. It's a collection of events. In order for the dinar to have value a series of events have to take place that complement each other. For example: The IQD cannot simply RV when they want to, it's not that simple.
7-10-2012 Newshound Guru SWFloridaGuy I do believe that Iraq will revalue. Will I ever be able to prove this? Of course not. If I was able to provide such luminous evidence of a RV that would eliminate all other possibilities, there would be a serious glitch in the process. I DO NOT believe in this constant barrage of "second to second" hype with ridiculously high rates, but if Shabibi's goal is to establish credibility, eventually be respected as a borrower and prime location for private investment in the eyes of global capital markets, then I would expect a RV at some level. The powerful governments, corporations and central banks that have invested so heavily in Iraq's reconstruction, debt forgiveness, technology sharing and bank revitalization, would have never done this unless they planned on being heavily compensated. [post 6 of 7...stay tuned!]
7-10-2012 Newshound/Intel Guru ArizonaHeat we all focus on Iraq and china with vietnam so much, we all seem to miss so much other financial news and meeting going on that have everything to do with the final outcome...the situation is still moving forward, but nothing at the banks as of yet.
7-10-2012 Newshound Guru SWFloridaGuy Many will say, "what about Kuwait, they RVd just like we want the IQD to." That's just not true. Kuwait never revalued their currency. The central bank did not change the rate. Saddam outlawed the Kuwaiti dinar and it fell in value. He told people to trade in their Kuwaiti dinar for Iraqi dinar before Oct. 6, 1990. When the U.S. stepped in, the value did again rise. This was not due to the bank changing the rate but rather the black market, similar to what Saddam did with the dinar in the late 80s. The Kuwait Central Bank never adjusted the rate below 3 dollars. They were occupied by Iraq and business was halted. Seven months later when Kuwait was back on their feet, they redenominated with the previous exchange rate. Actually, this was neither a RI or RD, by the true definition. This was a unique circumstance due to the invasion. Their currency was not adjusted due to sanctions like Iraq. [post 5 of 7...stay tuned!]
7-10-2012 Newshound Guru Med A REVALUE IS THE SAME AS A VALUATION OR THE SAME IN THIS CASE AS REMOVING THE ZERO'S ANY AMOUNT FROM THE NOMINAL VALUE. WHAT IS THE NOMINAL VALUE? THE NOMINAL VALUE IS WHAT IS USED WHEN COMPARING ANY CURRENCY AGAINST THE USD. RIGHT NOW THE DINAR IS 1166 BUT THE NOMINAL VALUE IS .00086 AND SINCE CBI STATED THEY ARE REMOVING THE ZERO FROM THE NOMINAL VALUE OR THE THOUSANDTH, THIS IS WHERE THIS THOUSAND TO ONE KEEPS POPPING UP, THE DINAR IS RECOGNIZED IN THE THOUSANDTH THE USD IS NOT. BY REMOVING THE 3 ZERO'S OR THE THOUSANDTH POSITIONS THEY ARE NOW BROUGHT IN LINE WITH THE NOMINAL VALUE OF THE USD. NOW WHAT IS THE CONVERTED VALUE AFTER THE REMOVAL OF THE ZERO'S? 1.17 DINARS = 1 USDOLLAR OR .86 CENTS. FORGET THE WORDS RV.
7-25-2012 Newshound Guru Mike CBI is done. They need no more information to go ahead and get the currency going... it is time now to get the parties together - time to stop the bickering - time to start moving forward - and its time to Let Dr Shabibi do his stuff...know that it is coming...let Shabibi work his magic...THE CBI IS READY.
7-25-2012 Newshound Guru Adam Montana Ramadan is a month long holiday - let me explain it a little During the month of Ramadan, all Muslims are supposed to not eat, drink, have sex, etc during daylight hours. This is a practice in self control. They can eat after the sun goes down. The idea is that if they can control (abstain) from indulging in those things which are commonly acceptable during your every day life for one month, then they are much stronger to resist the things that may NOT be as acceptable for the other 11 months...with that said, it is indeed like Christmas or Hannukuh - it is a time that they set aside for their religion and nothing huge seems to get done...now, another reason the RV woudn't make sense to be announced during Ramadan is because... well, don't you think they will celebrate when the RV is announced? If they announce it during Ramadan, they can't celebrate!!!
7-25-2012 Intel Guru Hammerman Checking on a lot of great stuff. There are 2 articles out today saying national meeting was done on Sunday-Monday. If this is true my intel of 3 weeks ago...was spot on. Time will tell but yes we are that close IF INTEL IS TRUE WE SHOULD SEE SOMETHING WORLD WIDE PUBLIC WITHIN 96 HOURS or so.
7-25-2012 Intel Guru Bluwolf news from Iraq has no bearings on the outcome of this international release, all has been set and done and all is out of their hands [Iraq]...the issues that be is in country [U.S.] and we now wait for their ascertains...all is still on track and there has been no changes anywhere, we are in the best position ever and all should transpire in the short run...one last thought all the people will be cashing in at the same time, no preference on any certain group.
7-25-2012 Newshound Guru Historian [is accession into the WTO holding off the RV?] I don't think Iraq's status has anything to do with timing for the RV. The timing is set by larger issues. Then Iraq and other orgs will execute any paperwork they need. So you can watch for articles on Iraq, and they are an indicator, but they are not the driver. Iraq influenced timing until about June 2011, possibly earlier. But from that point on, everything they needed to do was ready to go. They have had to do a song and dance since then. Very trying for them. There is news out there that shows significant movement. VERY exciting!
7-25-2012 Intel Guru Bear5642 My sources say 100% Maliki is no longer an issue. China is the heavy player in this and no one has cashed out period. Our World and this NATION needs the revalue. I know there are a lot of people who have become frustrated and disappointed. Please do not be discouraged and make sure your documents are in order and what is needed to be in place for the receiving of such great of a Blessing.
7-25-2012 Newshound Guru Adam Montana ...it's Ramadan. I don't expect the RV to be announced DURING Ramadan. Of course I could be wrong, it is not IMPOSSIBLE for it to be announced during Ramadan but I think it's much more likely that they are going to use this time to get all the ducks lined up and be ready to pop after August 20. Case in point, they just announced that there was a 500 million dollar deal settled in order to clear the air ( pun intended) over a dispute with Kuwait airways...this is something that leads directly into Chapter 7 and is a good sign that they are doing MUCH more than they are letting onto at this point. In order for a successful RV to occur, we need to see Chapter 7 and the HCL resolved. They ARE working on it!
7-25-2012 Intel Guru Tony HOPEFULLY TODAY [THURSDAY] THEY WILL ANNOUNCE 3RD MINISTER. NEWS SAYS THIS WILL BE COMPLETED BEFORE THE END OF RAMADAN. IF THIS WAS GOING TO HAPPEN IN JANUARY OR IN JULY, 2013, THE GOVERNMENT WOULD NOT HAVE THE BANKS SENDING NOTICES OUT TO MAKE SURE THEIR PEOPLE ARE PREPARED...IT WOULD BE STARTED CLOSER TO THAT TIME FRAME. OUR GOVERNMENT KNOWS THE EXACT DATE THAT THIS IS GOING TO HAPPEN. ALL THIS STUFF IS HAPPENING NOW, BECAUSE IT IS HAPPENING NOW. EVERY ARTICLE COMING OUT SAYS CBI IS READY.
7-25-2012 Intel Guru Hammerman I got confirmations last night that today or tomorrow that Erbil, HCL will be finalized and announced. The National Conference could happen anywhere from the 25th through the 2nd. We do not have to worry about Ramadan. We will RV within days of the National Conference. I am looking from Tuesday to ten days out.
7-25-2012 Newshound Guru Kaperoni lets look a bit closer on where the dinar will go post RV...Can Iraq collect it and pay for it? I don’t think that this the plan. The Dinar will not he bought or sold overseas. The CBI will be the Central Bank for the dinar handling the monetary policy. And once they RV, the dinar will become an international reserve currency (as the dinar you and I own is collected and held). When will it become a foreign reserve currency? The answer is clear…That once they “delete 3 zeros” that will start the process (collection) to create the foreign reserves “they aspire to be part of.” As well we see they want to “give power” to the Iraqi currency internationally. Only a RV can accomplish this...the goal is to make the dinar equal to the USD. Or 1 to 1.
7-25-2012 Intel Guru Gary BEFORE 1989, THE IQD WAS A STAND WORLD CURRENCY. IT WAS TAKEN OFF THE MARKET AND PUT ON THE EXOTIC CURRENCY STATUS, BUT...IT CAN BE CHANGED AT ANY POINT, ESPECIALLY WHEN THE MARKET INCREASES. IT WILL BE ON THE BOARDS AND BE A TRADABLE CURRENCY. IRAQ IS MOVING FORWARD WITH WTO AND THEY MUST HAVE A TRADABLE CURRENCY...AT THIS POINT IT WILL NO LONGER BE EXOTIC.
7-25-2012 Intel Guru Tony THIS DOESNT MAKE SENSE THAT...IT IS JUST GOING TO COME OUT ON FOREX. WHAT INTERNATIONAL CURRENCY DO YOU KNOW IS NOT TRADED ON FOREX...WHY WOULD THE BANKS NOT BE INVOLVED IN IT IF ITS TO RESET EVERYONES ECONOMY. THE BANKS HAVE PKGS PREPARED FOR THIS...PEOPLE TRAINED FOR THIS...TELL ME WHAT CURRENCY THATS RATED ABOVE KUWAIT THAT IS LISTED AS AN EXOTIC CURRENCY. ONCE IT IS INTERNATIONAL TRADED...HOW COULD IT POSSIBLY BE AN EXOTIC CURRENCY. I WOULD NOT PAY ATTENTION TO ONE PERSON SAYING ITS NOT COMING OUT THAT WAY.
7-25-2012 Newshound Guru Mailman17 IF SHABS WASNT READY TO AT LEAST IMPLEMENT THE RATE ALONG WITH THE OLD BILLS GATHERING DUST IN HIS VAULT HE WOULD BE SO BOISTEROUS IN HIS COMMENTS REGARDING THIS. TO ME THAT SAYS HES GATHERING STEAM AND GETTING READY TO PULL THAT TRIGGER AND MAKING SURE ANYONE IN THE GOI KNOWS ITS HIS TRIGGER AND NO ONE ELSES. SHABS IS A QUIET MAN AND HES MAKING A LOT OF NOISE RIGHT NOW, MORE THAN HE EVER HAS. HE PRETTY MUCH GAVE US EVERYTHING BUT THE DATE. HE WOULDNT DO THAT 6 MONTHS IN ADVANCE.
7-25-2012 Newshound Guru Doc Shabibi continues to make it very clear of the things he is looking for to make currency reform a reality. Chief among these seems to be a stable GOI. Right now to get there we contend he is looking for things like Ebril and a power sharing arrangement to be enacted. The good news is these things are center stage in the media currently. All the talk about world-wide conspiracy theories and PTBs are simply theories not based in reality. Shabibi is in control of our situation. Also all the talk of tiered buy-outs and a cover-up for the fact that the RV has already occurred are more false rumors. When the event occurs everyone will know it. We report, you decide. [post 3 of 3]
7-25-2012 Intel Guru Hammerman MOST PEOPLE WILL NEVER STEP FOOT IN A BANK TO CASH OUT. MOST CASH OUTS WILL BE DONE AT PRIVATE SPOTS IS WHAT I AM BEING TOLD. COULD THAT CHANGE? YES IT COULD, BUT AS OF TODAY AND FOR THE LAST FEW MONTHS MOST WILL NOT GO TO BANKS AS IN A PLACE WITH TELLERS. NO BIG DEAL. CASH OUT WILL BE BANK AFFILIATED IN SOME CASES. HEDGE FUND GROUPS, INVESTMENT FIRMS, PRIVATE WEALTH GROUPS, CURRENCY LOCATIONS, ETC. WHEN WE SAY BANK IT DOESNT MEAN BANK WITH TELLERS. I THINK THIS IS FOR THE BETTER FOR ALL US. ...AT SOME POINT IT COULD CHANGE AND WE GO TO BANKS BUT NOT AS OF YET.
7-24-2012 Intel Guru Soonerfan62 IT IS AN UNDERSTATEMENT TO SAY THIS HAS BEEN A GREAT DAY. I...HAVE TALKED TO EVERYONE THAT I BELIEVE HAS THE BEST INTEL IN THE GAME. THE MEETING MY FRIEND OKIE WAS REFERRING...WAS IT IMPORTANT? YES. THE MEETING WAS HUGE. NOTHING ELSE IS IN THE WAY. YOUR LIFE WILL BE A LOT DIFFERENT THIS TIME NEXT MONTH. VND WILL GO WITH IQD, IT’S THAT SIMPLE. NO TIERS, SAME RATE FOR ALL. [Are you still thinking double digits?] YES. FOR THE ONES ON THIS SIDE OF THE WORLD, IT WILL BE TIED TO THE USD. ON THE OTHER SIDE OF THE WORLD IT WILL BE TIED TO THE GBP. THIS IS FINALLY COMING TO AN END.
7-24-2012 Newshound Guru Kaperoni We can ask if a LOP or Redenomination possible? Let’s go with the full 27 trillion dinar in circulation. If they LOP or re-denominate 27 trillion to 27 billion (delete 3 zeros) and gave it all to the US, they would not come close to paying off the war debt of 800 billion and climbing. So, one can come to a reasonable conclusion, that neither of these solutions will happen. Only a RV will solve the financial expense. Only a RV will pay off the kind of global debt. [post 2 of 2]
7-24-2012 Newshound Guru Kaperoni Ok, so we know that Iraq will pay for this war, like it or not...you have to assume either tankers full of oil are coming to America soon or they will simply RV the currency to pay off some 800 billion and growing debt. This is only the USA side of the expense. Estimates worldwide are 3 trillion plus for the cost of the war with Iraq. The next thought is if it’s not boatloads of oil, it must be the dinar. The dinar is the vehicle in which they will pay. [post 1 of 2...stay tuned!]
7-24-2012 Intel/Newshound Guru Poppy3 there are no tier 1, 2 or 3 ?? It will trade on forex even if clasified as exotic and the banks have already said they will be cashing the dinar and the dong??
7-24-2012 Newshound Guru Doc We were also encouraged by comments directly for Shabibi. He said he did not want to implement currency reform in the middle of a financial year. He has also told the GOI several times he is ready to go. Of course the GOI is not ready and hence all the stall tactics we have seen reported recently. This is also why Shabibi is pushing to have the new currency in place by years end and have the 2013 budget reflective of this change. This is a pretty clear indication Shabibi is targeting this event no latter than years end. He is still trying to engage the GOI and partner with them. However, even his patience can only be so long. He made it perfectly claer that he does not want this delayed past the start of the 2013 financial year. [post 2 of 3...stay tuned!]
7-24-2012 Newshound Guru Mailman17 THE PRINTING AND RELEASE OF THE NEW NOTES COULD COME AS EARLY AS SEPT...BUT NO LATER THAN JAN. BUT, AS MUCH AS SHABS AND OTHERS SAY THAT IT SHOULD NOT HAPPEN IN THE MIDDLE OF A YEAR, BULLCRAP, WHAT BETTER WAY THAN TO ALTER FROM THE ORDINARY AND DO IT WHEN LEAST EXPECTED. THATS WHAT I SEE AND THATS JMO.
7-24-2012 Intel Guru Blaino According to a couple of our top sources and a major bank TYPE, Tomorrow could be very sweet if these guys are on the level...hours will tell the TRUTH...on the other HAND... Our us govt "financial" guys think Thursday. If we see the last few markers DROP...Then it's a game of HOURS... But so far we have not seen those go down! (unless i missed something in the last few HOURS...If i did, we ought to know real soon!)
7-24-2012 Newshound Guru Doc the HCl appears to on a fast track. A member of Parliament was quoted as saying "the HCl law is ready and there is no reason for delay". He went on to say this is the single largest issue with the current political situation. We continue to speculate that even though it is Ramadan there are many under-the-table deal going on and when Parliament returns in mid August the vote will be rapid and a formality. We can only hope that when passed Maliki will finally live up to its commitments. If he does not this time around we are certain the fallout response will be enormous and rapid. [post 1 of 3...stay tuned!]
7-24-2012 Newshound Guru SWFloridaGuy Bank policies aren't even place until the currency becomes tradable. We'll have plenty of options when the time comes. Whether it be with an exchange or other. It's a real currency and like any other we will be convertible into another (in our case USD). The rules haven't even been established yet. No one will know what the rules are until the IQD shows a significant currency appreciation.
7-24-2012 Intel Guru BWM there's really not much to say right now in regards to the actual RV...banks not dealing with the dinar because it would remain an "exotic" currency is just so far out there...it completely defeats the purpose of giving value to your currency whatsoever.
7-24-2012 Intel Guru Okie_Oil_Man I WAS JUST INFORMED--VERY VERY VERY IMPORTANT MEETING IN SESSION PRESENTLY. HOPEFULLY FOR ALL OUR BENEFIT--WILL POST AFTER RESULTS OF MEETING IS AVAILABLE.
7-24-2012 Newshound/Intel Guru BGG Allawi can only organize his group to "nominate." Maliki has to submit the names and Parliament has to approve. I think the hold-up right now is the NA wants the IS and KA to put the idea of a NC vote "post-power sharing" to bed. That's my take and has always been Maliki's big fear. Which could be over at any time. There has been talk of interrogating Maliki no matter what - once the NC meeting is held. Maliki does have something to fear - he isn't in danger - he is the danger. Maliki is "the real deal" when it comes to bad guys - if they get him in front of Parliament he's cooked. They don't have to dig deep to find some pretty appalling stuff - no one could stand with him and survive (politically).
7-24-2012 Intel Guru Cap1 I WOULD BE GETTING MY PLANS IN ORDER...WE'RE THAT CLOSE. EVERYTHING IS POSITIVE...WE'RE ALMOST AT THE FINISH LINE. I CAN SEE IT NOW!!!
7-24-2012 Intel Guru DinarWishes Its looking very good as many have said. Does things and situations Change??? YES, YES THEY DO!!!! Could it happen today, tonight, or tomorrow???? YES, Yes it could...But, will it???? I hope so but I have no Idea if it will. I guess my message from the NO HYPE ZONE is be prepared for the Best and the Worst...Luck Favors the prepared!!!
7-24-2012 Newshound Guru SWFloridaGuy Iraq has set a goal of WTO accession in the next 2 years and to accomplish that we believe they must have a fully convertible currency prior. Also today we saw that the HCL was submitted for approval. Last year the GOI ratified the HCL draft and submitted it to Parliament. The GOI introduced some amendments which then were reviewed by the Energy Committee. The Commission on oil and energy decided the draft law of oil and gas had constitutional violations and moved to amend the bill to reach a suitable formula that would be agreed upon between the political blocs. The NA objected and postponed it until now. Let's hope it is approved and implemented along with the General Amnesty law.
7-24-2012 Newshound Guru Enorrste CBI has said they will go ahead without the approval from the Council of Ministers so it could happen at any time now. Like everyone else I am just waiting. There is no such thing as "tiers".
7-24-2012 Intel Guru Hammerman got confirmation that ministers are moving forward and news would be coming out that HCL is being voted on this week and erbil should be implemented.
7-24-2012 Intel/Newshound Guru Poppy3 HCL LAW IS READY FOR A VOTE AGAIN AND LET ME EXPLAIN, THEY HAVE A HCL LAW IN PLACE AND IT HAS BEEN SINCE 2004 HOWEVER IT IS NOT COMPLETE AND IS OUT DATED NOW THAT THE OIL PRODUCTION IS GROWING, WHAT THEY ARE VOTING ON AND TRYING TO GET EMPLIMENTED ARE AMMENDMENTS TO THAT LAW.. THEY HAVE SEVERAL AMMENDMENTS FOCUSED ON FAIR OIL EXCHANGE AND GETTING BALANCE BETWEEN THE REGIONS. THINGS ARE MOVING IN OUR DIRECTION AND I AM BELIEVING WHAT THEY SAID YESTERDAY ABOUT ALL BEING SOLVED BEFORE THE END OF RAMADAN. I GOT TO SAY THAT TYPE THING FROM THEM IS VERY EXCITING.
7-24-2012 Newshound Guru SWFloridaGuy All we care about is implementation of what was formerly agreed upon. Maliki’s political future is not as much our concern as is what he has failed to do as Prime Minister. The best solution for us, is for them to come to an agreement. Cohesion with the GOI is what we want to see. I believe they are in the process of reaching a deal and until that time, Maliki’s opposition will continue to apply pressure.
7-24-2012 Intel Guru Hammerman They caught more than 100 bad guys who had illegal tier 1 codes and so it was stopped once again for a few days. There are only 8 sovereign people/countries in the world with tier 1 codes. Hopefully we will be back on track by Tuesday. No new intel on Dong.
7-24-2012 **** BREAKING NEWS **** " Shabibi announces the selection of British and German companies for the printing of the currency... " Kerplunk...that's the sound of ANOTHER major piece to this puzzle falling into place! :) More details to come in your Dinar Guru member email...not a member? Get signed up in the blue box at the top of this page...
7-23-2012 Newshound Guru Kaperoni Just so you know, the dinar will not be on Forex. Its an exotic currency and the plan is for it to be bought/sold amongst central banks on an "institutional level". This process will be handled by a "Equity Fund" or similar type ECM (Equity Capital Market). All will be disclosed publicly in Sept- IMO. The impact is going to be watching how this plays out. Cash in, whom, and how is still not fully known. Banks are probably not going to be involved on an end user (us) level as they do not want to take the risk or deal with validation/authentication of dinar. Most of the dinar dealers as well have no idea of this plan and will be effected once the RV occurs.
7-23-2012 Newshound Guru SWFloridaGuy They have many reforms currently submitted for approval. The GOI continues to make progress toward Erbil implementation, permanent Ministers and the announcement of the Strategic Council, while the CBI and Finance Committee continue their studies and take preparatory steps that will ensure the success of the project. The CBI is working in tandem with the Finance Committee and Council of Ministers. The Finance Commission is supervising the CBI on the management of the monetary policy while they are investigating the economic impact this currency reform project will have inside of Iraq. The feasibility of the project is being addressed by the Council of Ministers and the CBI. They are working toward removing all remaining obstacles. Preferably, the CBI will receive the approbative nod from the Council of Ministers. The IMF has already instructed the CBI on the necessary reforms to accomplish this. It's up to the GOI to provide the necessary stability that will ensure the success of the project.
7-23-2012 Newshound/Intel Guru BGG [Article] "Member of the Committee on Energy: Oil Law is ready for a vote in the House there is no justification for delaying" This is tremendous news!! The HCL is a lot more significant than most of the other “fringe” items we’ve been directed to – this is “the biggie” (other than Maliki).
7-23-2012 Newshound Guru Med I DO NOT...THINK THE TARIFFS ARE GOING TO IMPACT LIKE WE FIRST THOUGHT AND THE REASON WHY IS THIS. THEY ARE NOT GOING TO PUT TARIFFS ON ANY IMPORTED CLOTHING OR FOOD. THOSE ARE THE TWO PROBABLY MOST SPENT IMPORTS BY THE IRAQI CITIZEN. SEE HOW THIS WILL NOT BE AS BIG A DEAL AS WE THOUGHT. NOW IF THEY DID PUT TARIFFS ON THOSE, IT WILL REDLINE FASTER THAN A GREASY TACO RUNS THROUGH MY INTESTINES. [Oh, my, LOL]
7-23-2012 Intel Guru Hammerman alot did go on cant share yet, this i am sure of, 100% they [have] not started on tier 2 yet...still working on tier one...no movement at all over the week end in the usa...now over seas im hearing alot different, tier 2 overseas could be over half way finished but i can not prove yet at all.
7-23-2012 Newshound Guru Arthur in order to be the country that we know Iraq is going to be they have to have a robust stock exchange....these stock systems around the world need sophisticated technology - Preparations in the final stages...usually when we see this it is already in place..finished and they are just testing....This will put them in the global international financial market to gain that access to the intl stock market. They will have to be traded on Forex - to do that obviously you need a tradable viable currency...a revalued currency...it has to be coming very soon because they are putting systems in place for this to go...one more step in the process.
7-23-2012 Newshound Guru Mike CBI is all on board...they have read the Future of Iraq Project...FOI project has to do with the economic side....Shabibi is worried about the economics...would he love to have a great government thats all for the future of his people...Yes he would...but what is more worried about is the economic future of his people and that differs...he is not there to pick the people who are in office...he is not there to give his approval to the people in office...he is there to do what he needs to do and get it done....so that when his term is over he can say what he was sent there to do which was to build the economy...get the new currency going..and get it RV'd to the point where they have viable economic circumstances.
7-23-2012 Intel Guru Okie_Oil_Man WE AS INDIVIDUALS CAN ONLY WAIT--WE DON'T CONTROL ANY PART OF THIS PLAN. NOTHING IS OFFICIAL TILL THE BANK SCREEN'S POST'S THE NEW RATES. I WOULD PRESUME IT WILL OCCUR WHEN ALL BANK'S ARE OPEN BUT THAT PART IS STILL UNCLEAR. MANY DIFFERENT CURRENCIES ARE SLATED TO GO AT APPROXIMATELY THE SAME TIME. I WILL STATE THIS THOUGH--------I AM ON STANDBY.
7-23-2012 Intel Guru ScottiG This is bigger than Iraq, yet it is all about Iraq. I am here to state that great progress continues to be made. Last week, subsequent to successful meetings and events taking place in France, Germany and England that several meetings were held here with leaders of the CBI and representatives in our government. Of course we know that the meeting of these officials at the UN on Thursday was about monetary and financial matters. Though I too thought that the announcement would come forth at that meeting, I understand that it was another of those necessary steps. When will we get to the end? Not certain but I am led to believe that the last pieces of the reinstatement to WTO are coming together and that to me is a key sign. [post 3 of 3]
7-23-2012 Intel/Newshound Guru Poppy3 MUCH GOOD NEWS HAPPENING AND ERBIL IS PART OF SOME GOOD NEWS. I have heard many solid details this weekend from several sources and they all see them positioning for some solid movement in the next week to settle many of their problems and that is what every source I have is telling me. There is not one shred on negative against the end being very near for our wait...anxious for the next couple days.
7-23-2012 Newshound/Intel Guru BGG Talk about the ultimate pressure point = Vice Kurd: We will interrogate al-Maliki in absentia if they do not attend to the House of Representatives. WOWSERS!! I guess the opposition isn't quite so dead after all?? If that doesn't motivate him to get along - nothing will... he's terrified of what's coming. they are nearing a deal - not by his choice and he is trying to "derail" it - is my take. Jaafari and Talibani have Maliki by the "nap of the neck" and are going to stick his nose in it if he won't go willingly. I think it will be significant when Maliki's tenure is not extended. That's what I think will be the most significant piece and it appears we are drawing near.
7-23-2012 Newshound Guru SWFloridaGuy for over a year now the CBI has been referencing Sept and January, the closer we get the more credence that gains in my opinion. It could always be sooner. I'm very excited to see what this year has to offer. I think for the first time Iraq really does have a shot at seeing a large currency appreciation. I do think it's imperative to the process though to have a seated GOI and Erbil/HCL implementation. I believe they may be close to coming to a resolution and implementing the applicable reforms. No matter how you slice it, I'd say we're in a great spot.
7-23-2012 Newshound Guru Med CBI WAS GOING TO COMMUNICATE WITH THE GOI, MOF AND PARLIAMENTARY FINANCE COMMITTEE. THIS WAS TO SET A TIME LINE TO ISSUE OFFICIALLY THE NEW DENOMS. CBI DOES NOT REQUIRE ANY LAW OR LEGISLATION TO REVALUE BUT THEY WANT AN AGREEMENT ON THE DESIGN OF THE NEW CURRENCY. ALOT HAS TO HAPPEN AND THIS TO ME HAS TO HAPPEN SOMETIME BETWEEN NOW AND NOV., WHY BECAUSE THEY WANT THE NEW RATE AND ISSUE OF DENOMS IN THE 2013 BUDGET. SO THIS IS ON A SHORT ROPE HERE. THEY WANT...A SPECIFIC DATE SET. I EXPECT IT TO RV IN DECEMBER, APPROX 7 DAYS BEFORE THE ISSUE DATE.
7-23-2012 Intel Guru ScottiG When will it come? What needs to happen for us to see it? I know we are not waiting on the big O to do anything….he signed off on the RV weeks ago. I know Maliki is not the obstacle as he has been neutered (Oh did you know that he went to China recently and was not welcomed there!!!). The Governor of the CBI stated unequivocally a while back that he did not need the Parliament or anyone else to release the RI/RV, that he would do it when it was right for Iraq. I do believe and am hopeful that we are closer than ever before seeing our hopes fulfilled. I say we are closer than before because every time we have thought a specific event was the trigger...we actually find out that another critical element has fit into place. [post 2 of 3...stay tuned!]
7-23-2012 Intel Guru FreewayBill Iraq has handled everything they can and...us getting our blessing is way out of their hands. Read all of the articles you want. They want this to be done as bad as we do.
7-23-2012 Intel Guru Okie_Oil_Man THE OOM TEAM ONLY PASSES ON WHAT THEY HEAR NOTHING ADDED - NO FALSE PROMISES ONLY WHAT THEY HAVE BEEN TOLD - WHAT PEOPLE NEED TO REALIZE IS THAT THE COMPLEXITY AND MAGNITUDE OF THIS EVENT IS SO GREAT AND THEN TO COMPOUND IT WITH HUNDREDS - NO MAKE THAT THOUSANDS OF DIFFERENT PEOPLE FROM ALL OVER THE WORLD STICKING THIER FINGERS IN THE RV PIE. WE ALL (MYSELF INCLUDED) HAVE PUT TOO MUCH EMPHASIS UP TILL NOW ON IRAQ ONLY---IRAQ IS ONLY A SMALL PIECE OF THE PUZZLE. IRAQ WAS TO BE THE CATALYST OF THE INITIATION OF THE ENTIRE PLAN AND HAS BEEN USED AS AN EXCUSE UP TILL NOW------BUT THE TRUE FACT'S ARE NOW EVIDENT.
7-23-2012 Newshound Guru Med I HAVE NOT USED INTEL IN ABOUT TWO YRS. INFORMATION I JUST RECIEVED FROM PROBABLY THE MOST RELIABLE PERSON I KNOW, WHO WORKS AT THE EMBASSY, WHO I HAVE NOT TALKED TO IN ALMOST TWO YRS JUST TOLD ME THAT I PROBABLY MADE A GOOD MOVE ON PLANNING THE RV PARTY FOR THIS YR. I WAS GIVEN INFORMATION ABOUT MOVES BY CERTAIN ENTITIES AND GIVEN INFO ABOUT A PERSONAL CONVERSATION THAT THE BET IS ON FOR THIS YR. THE RATE IS DEBATABLE. ALL WE KNOW IS THE REMOVAL OF THE 3 ZERO'S FROM THE NOMINAL VALUE, WHAT EVER IT IS AFTER THAT, WE DONT KNOW FOR CERTAIN. FOR EXAMPLE, THE WORST IT COULD BE IS 1 CENT AND THE BEST .85. 1 CENT THOUGH, IN OUR DISCUSSION, WOULD NOT BENEFIT THE IRAQI ECONOMY AND WOULD NOT BE WORTH ALL THIS EFFORT THAT CBI HAS GONE THROUGH. ALL WE KNOW FROM SHABIBI'S OWN MOUTH IS THAT HIS EFFORTS ARE TO HAVE IT EQUAL TO THE USD
7-22-2012 Intel Guru TerryK I’M HEARING SOME GOOD THINGS FOR THE NEXT TWO WEEKS. TREAT THIS AS RUMOR AS ALWAYS. WITHIN TWO WEEKS EVERYTHING SHOULD BE IRONED OUT.
7-22-2012 Intel Guru ScottiG I honestly had hoped that we would have experienced the major adjustment in value of the IQD by now. Given the wealth of insight and information I have received over the last several months, I continue to remain optimistic and most hopeful. Is this wait totally frustrating? Absolutely! In this post, I cannot break down the many pieces of the puzzle that have been coming together but they appear to still be in play. [post 1 of 3...stay tuned!]
7-22-2012 Intel Guru FreewayBill there is no such thing as a "Live" Rate on Forex Pro and Banks will not cash you out based on Forex Pro. It may have had a rate flash, but there is NO LIVE RATE that you can cash in with right this minute. NOBODY has received money for their dinar as that would constitute a insider trading incident and people would be charged. It also would encourage double dipping, which would also be insider trading...I agree that some may have deposited their dinar in banks and will have access to their money once we all do, but not until.
7-22-2012 Intel Guru BWM I can tell you this...news at this time is still good... when it happens we'll know.
7-22-2012 Intel Guru Okie_Oil_Man I HAVE NEVER UNDERSTOOD THE DELAY TILL LAST WEEK WHEN I WAS EXPOSED TO THE INNER-WORKING'S OF THE PLAN AND WHAT ALL WAS ENTAILED IN INITIATING THE PLAN---VERY COMPLICATED AND INVOLVED PLAN--WHEN YOU TAKE INTO CONSIDERATION THIS IS TO AFFECT THE ENTIRE WORLD'S ECONOMIC CONDITION. CONFIDENCE LEVEL IS VERY HIGH THIS AFTERNOON. THIS CURRENCY EXCHANGE MUST OCCUR SOON ACCORDING TO THOSE WHO ARE IN CHARGE ON A GLOBAL BASIS.
7-22-2012 Newshound Guru Mailman17 DO NOT WORRY ABOUT GOI CRAP ONLY CBI. WE ARE STANDING GOLDEN, VERY GOLDEN WHY? THERES NO WAY IN **** SHABS AND THE CBI WOULD ANNOUNCE NOT ONLY THE RATE BUT THE DENOM NOTES SO EARLY IF THEY ACTUALLY INTENDED TO RELEASE THE RATE IN JAN, NO WAY YOU ANNOUNCE THE ACTUAL RV 6 MONTHS AHEAD OF TIME. ARTICLE...STATES THE NEW NOTES WOULD APPEAR IN JAN WITH A RATE OF 1-1. NO WHERE DOES IT SAY THAT THE RATE WOULDNT BE ALREADY ESTABLISHED AT A 1-1. SEPT 1 MIGHT BE OUR NEXT WINDOW...WHAT I AM BETTING ON EITHER WAY, ITS COMING AND FAST. [post 2 of 2]
7-22-2012 Newshound Guru Mailman17 I AM NOT SO MUCH INTERESTED IN THE GOVT AS I AM THE CBI. THE THING I WATCH...AND VERY CLOSELY IS THIS WITH THE DELAY OF THE NEW NOTES, DUE TO POSSIBLE COUNTERFEITING, WILL SHABS BRING OUT THE NOTES FROM 2003 AND WAIT TILL JAN TO RELEASE THE MODIFIED NOTES WITH THE KURDISH LANGUAGE? THE ONLY THING THAT I DONT KNOW IS JUST HOW FAST HE CAN GET THESE NEW NOTES DONE FAST ENOUGH TO NOT RELEASE THOSE FROM 2003? EITHER WAY THE RATE ADJUSTMENT IS COMING AND IT IS COMING REAL FAST. [post 1 of 2...stay tuned!]
7-22-2012 Newshound/Intel Guru BGG Kaperoni...had uncovered an article that implied they would not reprint until after the 000′s had been “lifted” (as in – removed) from the marketplace. This would also imply a raising of the value prior to a “reprint” – meaning the smaller denoms from this same family of currency would have to be used and therefore the larger notes would be worth more as well. This article seems to lean heavily that direction.
7-22-2012 Intel Guru Okie_Oil_Man I LIKE EACH OF YOU HAVE BEEN IMPATIENT FOR THIS TO OCCUR BUT UNTIL LAST WEEK WAS TOTALLY UNAWARE OF THE DEPTH OF THE PLAN AND THE LOGISTICS NECESSARY TO BRING ABOUT A ONCE IN HISTORY CHANGE IN THE GLOBAL ECONOMIC SYSTEM. SOMETHING OF THIS MAGNITUDE INVOLVES MUCH MORE THAN ANY OF US HAD EVER IMAGINED AND CERTAINLY REQUIRES MORE THAN "SIMPLY PUSHING THE BUTTON" TO INITIATE. I NOW, THOUGH NOT COMPLETELY, UNDERSTAND THE DELAY UP TO THIS POINT IN TIME. I AM VERY SATISFIED OF THE VALIDITY AND THE IMMENENCE OF THIS OPPORTUNITY FOR EACH OF US. I AS MANY OF YOU HAVE BEEN ON PINS AND NEEDLES WONDERING WHEN--WHEN---WHEN----NOW I KNOW--IT'S VERY CLOSE NOW. [post 3 of 3]
7-22-2012 Intel Guru Okie_Oil_Man BEHIND THE SCENES MYSELF AND MANY OTHERS THAT SOME OF YOU KNOW HAS BEEN TRYING OUR BEST TO CO-ORDINATE WHAT IS ABOUT TO TRANSPIRE AND TRYING TO HAVE A POSITIVE EFFECT ON THE TIMING OF THE OUTCOME---THE RESULT OF OUR EFFORTS ARE UNKNOWN BUT OUR VOICE HAS BEEN HEARD AND PRAYERFULLY HEEDED. IT IS ENTIRELY IN THE PURCHASING ENTITY'S HAND'S NOW...THIS IS A PRIVATE TREATY PURCHASE ON AN INDIVIDUAL BASIS---NUFF SAID. AFTER THIS PAST 10 DAY'S I AM BETTER SATISFIED WITH OUR POSITION THAN EVER BEFORE. [post 2 of 3...stay tuned!]
7-22-2012 Intel Guru Okie_Oil_Man THERE ARE NO NEGATIVE OR BAD NEW'S TONIGHT--ON THE CONTRARY--THING'S ARE WONDERFUL AND GETTING MORE SO EACH PASSING HOUR. I AM STILL UNDER A GAG ORDER ON SPECIFIC'S OF THE CURRENCY EXCHANGE BUT I CAN SAY WITH FAITH MORESO THAN EVER BEFORE THIS IS REAL--THIS IS GOING TO HAPPEN AND IT'S SCHEDULED TO HAPPEN SOON. I CAN'T BE MORE SPECIFIC THAN THAT BECAUSE WE DON'T KNOW EXACTLY WHEN IT WILL BE LAUNCHED BUT AM TOLD TO BE ON HIGH ALERT FOR MOVEMENT AT ANYTIME HENCEFORTH. [post 1 of 3...stay tuned!]
7-21-2012 Intel Guru Soonerfan62 WE ARE STILL GETTING INTEL IN TONIGHT WHICH IS RARE FOR SATURDAY AND I STILL BELIEVE THAT WE ARE HOURS OR MAYBE A DAY OR TWO FROM OUR BLESSING.
7-21-2012 Newshound Guru Vic1 MOST DO NOT KNOW ANYTHING ABOUT RAMADAN...RAMADAN CALLS FOR THE MUSLIM TO FAST FROM SUNRISE TO SUNSET OR 6AM TILL 6PM. A MUSLIM PRAYS 5 TIMES A DAY...ALL IS CALM IN THE MUSLIM WORLD...PEOPLE SHOW THEIR LOVE FOR COMMON MAN...THE RICH HELP WITH SUPPLYING FOOD FOR THE POOR...MUCH WEALTH CHANGES HANDS DURING RAMADAN...IMHO... RAMADAN...AND THE MONTH OF RAMADAN AS, SALEH HAS SAID, WILL STABILIZE THE DINAR... IS NOT GIVING THE DOLLAR MORE VALUE!!! THINK ABOUT THAT, TO GET THE DOLLAR OUT OF THE HANDS OF YOUR PUBLIC...THE DINAR WILL HAVE GREATER VALUE THAN THE DOLLAR VALUE...IN THE COMING DAYS...WE WILL SEE THIS IN A (SHORT) TIME FRAME.
7-21-2012 Guru SWFloridaGuy This article looks very positive but we still need more confirmation...this is coming from the Iraqi List (Maliki's opposition) along with the NA and not just his own camp. "No need for more dialogue and alliance, said the reforms implemented. Allawi, with the head of the National Alliance, Jaafari said that it was constructive and brotherly.... Allawi stressed that the coalition in Iraq is looking forward mentality open to the initiative of the National Alliance to conduct reforms, based on the close political reform approved by the House of Representatives and former Conventions Erbil first, second, and that implementation is the prerogative of the National Alliance, which leads to power in Iraq and he has to implement the reforms prescribed, no need for new dialogue."
7-21-2012 Intel Guru Hammerman MY TIME LINE: WILL FINISH TIER 1 ABOUT 7-28, THEN START TIER 2; FINISH IT ABOUT 8-18, THEN TIER 3. NO INTEL AT ALL SAYING THAT, I’M JUST FOLLOWING THE TRENDS OF THE PAST AND HOW EVERYTHING ALWAYS GETS PUT OFF. I SURE HOPE MY GUT IS WRONG. INTEL IS NOTHING BUT POSITIVE, AND 90 % OF IT SAYING ANY MIN. LET’S SIT BACK AND SEE.
7-21-2012 Intel Guru Footforward IM SHOCKED THAT ITS NEARING THE END OF JULY AND WE STILL HAVENT SEEN AN RV YET...THIS REALLY SHOULD HAVE HAPPENED ALREADY, SEVERAL TIMES OVER. IF I REALLY THOUGHT THIS WAS GOING TO BE A LONG WAY OFF, I WOULD TELL YOU GUYS. I DONT JUST TELL YOU GUYS STUFF TO MAKE YOU FEEL GOOD. I HAVE NO REASON TO EXPECT WE GET OUT OF JULY WITHOUT AN RV. IM NOT PROMISING ANYTHING.
7-21-2012 Intel Guru BOBGET6 I am perplexed this morning as we should have already gotten our RV, or we are close. If this does not happen by the next few days, or by the end of the month, September looms large. Something has to have happened for Wells Fargo to give vouchers for the PTB, polititions, and the whales. That is a lot of work to create those accounts and vouchers. The good thing is they cannot get theirs until we all can. Our only hope is that they can exert pressure to get this done in order to have access to their funds. They could care less about us, but can't get there without us.
7-20-2012 Intel Guru Footforward RAMADAN DOESNT MATTER. WE ARENT GOING TO HEAR ABOUT A "NATIONAL CONFERENCE" UNTIL AFTER THE RV SHOWS. MAGICLY IT WILL JUST ALL BE ANNOUNCED. WE DONT REALLY CARE ABOUT WHEN THEY GET INTO WTO. BY THEN WE WILL ALL BE WEALTHY. THE LONGER IT GOES THE HIGHER THE RATE GOES. THAT I DO KNOW. IM NOT REALLY WORRIED ABOUT ANYTHING. I KNOW HOW THE STORY ENDS, SO ITS HARD TO WORRY.
7-20-2012 Intel Guru Blaino What I can share with you is we should relax and be calm through the weekend, but I expect some exciting news after 9 p.m. tonight. I have seen on my computer with some friends screen shot. I saw some remarkable things and checked with the calculator. Had one of my friends check out what I saw. I saw live on my computer live facts. Not a screen shot but the real deal. I saw with my own eyes. There are some groups doing stuff.
7-20-2012 Intel Guru Soonerfan62 FOR THOSE OF YOU WHO WERE AROUND LAST YEAR, JUNE 30TH WAS AN ABSOLUTE DROP DEAD DATE, THE NEXT DAY HUNDEREDS OR THOUSANDS OF PEOPLE CASHED IN THEIR DINAR BELIEVING IT WAS NEVER GOING TO HAPPEN...YESTERDAY, THE 19th OF JULY HAS BEEN A DROP DEAD DATE OF MANY INTEL PROVIDERS FOR A MONTH NOW, NOW THAT IT HAS COME AND GONE I WILL GUARANTEE YOU HUNDREDS SOLD THEIR DINAR BACK TODAY. WHEN KUWAIT RVed THE DAY BEFORE THE MEDIA COUNTRY WIDE AND WORLD WIDE STATED THAT IT WOULD BE ABOUT A YEAR, AND THOUSANDS SOLD THEIR KUWAIT DINAR BACK...GUESS WHAT HAPPENED THE NEXT DAY? CHINS UP GUYS. REMEMBER: "IN GODS TIMING", "REMEMBER THE ALAMO", "REMEMBER KUWAIT".
7-20-2012 Newshound Guru Sonny1 [long time, no see] This situation Iraq is in has never been. When in the history of the world has any country had the third most oil, the 2nd most natural gas and had a currency that was negative? The answer is never. Why would all of these countries, China and U.S. included, just waive Iraq's debt in the middle of the worst economic time in decades? Probably because they are holding dinar, and Iraq didnt want to pay them twice (debt plus rv) so Iraq obviously took the RV payoff instead of paying them twice. Iraq will RV between .30-1.00, we will cash in our dinar. Iraq will again RV probably to $2.00, then Iraq will double the value of dinar we turned back to them, giving them trillions in profit. Simple if you think about it. Once these coins hit the streets it's over.
7-20-2012 Newshound Guru Vic1 RV...CAN HAPPEN AT ANYTIME!!! IMHO!!! SOONER THAN LATER!
7-20-2012 Newshound Guru Mike This is a prime time NOW for Shabibi to get control of his money so that he realizes that when he RV’s this it is not going to be going to Syria, Iran...that it all comes back to the economy of Iraq. He is working hard at that and it looks like he is making some in roads and I am anxious to see in the coming days as to what will actually happen. The CBI is ready…they are doing and defending each and every day. Be patient – it’s a process – its moving forward and we are happy with the process.
7-20-2012 Intel Guru Bluwolf NOTHING HAS CHANGED, NO NEWS FROM IRAQ HAS ANYTHING TO DO WITH THIS RELEASE, WE ARE JUST WAITING FOR THE PHONE CALL, PERIOD.
7-20-2012 Intel Guru BWM I have to say that several contacts expected us to wake up to this today...there has been a great deal of information out already. Ramadan starts this evening our time supposedly and I know that would be convenient but not a necessary timeline...we'll see what the day brings information-wise and go from there...you only need to hear one thing at this point...and that will be the "go to the bank" directive.
7-20-2012 Intel Guru Hammerman Six major banks (e.g., Citibank, Deutsche) will be opening in Iraq the first week of September and they will only deal with the new (lower denom) currency. That is wonderful news for us. Do we have to wait until September for the RV? Absolutely not; it can RV any minute. Those who got their money early got their funds frozen and converted to voucher form and will not have access to those funds until November 10th. China is 100% on our side. Everything is looking very good for us.
7-20-2012 Intel/Newshound Guru Poppy3 The night before last there was a very important meeting. I have 2 inside contacts who told me exactly what took place. There was a meeting at the U.S. Embassy by video conference with Talabani, Barzani, Sadr, Maliki and a U.S. dignitary. They are trying to get everyone together to make a decision. The rumor is that there was some progress made during that meeting. They feel like now the National Meeting will be held in seclusion by video conference. Direct from the US embassy, if the banks are completed in time, Ramadan will not interfere with implementation. I think they are trying to get this done before the next election. The dollar won't collapse. When this hits, the dollar will be boosted. I'm anxious to see our country come back.
7-20-012 Newshound Guru Doc News does continue to focus on HCL, chapter 7 and vacant posts all getting resolved. In fact these items seem to be dominating the reports over the last several weeks. Again we view this is very good. We still contend the timing is not in the short term (any second). We do not believe it will occur during Ramadan but do concede many deals could be done during this time so when Parliament returns in mid August these issues could be voted on rapidly. This is why we continue with our earliest time of September to October. We report, you decide. [post 3 of 3]
7-20-2012 Newshound Guru Adam Montana I think a ten cent RV makes a lot of sense, especially if it happens AFTER they move the value from 1166:1 to 1000:1. A ten cent RV then becomes simple math for everyone involved. Is that the way it will happen? I can't tell you for sure, but it makes more sense to do that than it does to slam the value up to $3.86. They get an increase in value, they get to retain control, and the math is easy enough for EVERYONE to understand, which will assist in making the move successful.
7-20-2012 Newshound/Intel Guru BGG Sadr is on board once Maliki winds up in Parliament...everyone has been saying Maliki’s not going anywhere and they will do a deal – JMHO (and I know the odds aren’t good) He won’t last. He’s just messed everyone around sooooo often – even Talibani. Think about it…Talibani steps down – Najafi steps up. Problem is fixed in about 12 hours. If he actually retires – which he wanted to last year – Maliki is “deader than a door-nail”. If a month slides by – I will be shocked.
7-19-2012 Intel Guru Soonerfan62 WE ARE ALMOST THERE. IT COULD BE 1 HOUR OR 1 DAY, NOBODY KNOWS FOR SURE. I'M CONFIDENT IN THE NEXT FEW HOURS...INFO IS COMING IN HOT AND HEAVY TONIGHT...WE ARE TRULY AT THE END.
7-19-2012 Intel Guru Blaino We are happy and expectant...I have no information that it will NOT happen overnight or tomorrow. Read that twice! Several "Banker" types have gotten into some limited exchange situations. Naturally, these people are all secure under the NDA (Non Disclosure Agreement) and cannot or will not talk...period. Even so, we are getting some coded messages from a handful of these people who desire to share with their circle (ME) and I cannot disclose the institutions, names or additional information, but suffice it to say that none of this could happen if there were not a high confidence in a timely revaluation.
7-19-012 Newshound Guru Doc We suggest everyone needs to be ecstatic with the $1 rate. We only see these high rates as possible with a true LOP first and then a RV. The reason for this is the economic impact of these high rates on Iraq. We should remember that fiat currency is nothing more than debt instruments of a particular government and only backed by that government's ability to honor it. Shabibi obviously understands this and is why he is looking for things like a seated government, HCL and chapter 7 issues to be resolved. Besides if it RVs to $1 we all make 1000 times our investment, however if it LOPs and then RVs to say $5 we would only make about 5 times our investment. We vote for the 1000 times scenario, how about you? [post 2 of 3...stay tuned!]
7-19-2012 Intel Guru Hammerman china, big 0, bis and imf all signed off on what i hope to be the last of the papers to be signed...i was told point blank no more papers...there was a alot of big talk and large movement in reno yesterday and today on all 3 tiers...mainly talk on tier 3 movement...china is pushing this ahead still...the UN really coming down on iraq also to get this done...they are also try to force feed the rv soon soon...there are some oil issues...all is totally in our favor for a rv soon, pressure from all sides an all industries...the real full brunt of ramadan dont start until tuesday, so i think we got a great great shot until then, but no matter 30 more days is not that long.
7-19-2012 Intel Guru Ray Just got this update from one of my contacts. He heard it on Iraqi TV yesterday and he said it was in the newspapers too. This contact has never been wrong yet. He said that four large international banks will be opening offices in Baghdad in late August. One of the banks is Citibank and the other three are from other countries. Here’s the good part: They are going to be operating with strictly the new dinar only. Not the current dinar. That totally fits what Shabibi has been saying all along. He also said that family members have told him that the local banks are ready to start exchanging the currency. They have the new dinar in stock and they have De La Rue machines too. The bank personnel are saying September 1 also. I will pass on more info when I get it.
7-19-2012 Newshound Guru Vic1 Ladies and Gentlemen...there is incredible information coming forth! We shall soon read!!! Extra...Extra...read all about it!!!! Iraqi...Dinar RV...read all About it!!!
7-19-2012 Newshound Guru Adam Montana If they don't delete the 0's, but introduce new denominations, and allow all bills to hold face value, that will be a straight RV. If they introduce new denominations but remove the value of the old (current) notes, that is a 0-gain 0-loss l0p. It's really that simple.
7-19-012 Newshound Guru Doc Just when we thought it was safe to get back into the water the fantasy rate prognosticators have popped back up stating rates anywhere from mid $3 to $8. We would have thought the SIGR report would have ended the debate. We find it almost humorous at this speculation when the news out of Iraq continues to state around $1. Just yesterday Mahma Khalil, decision-maker of the parliament's Economic and Finance Committee, said "The zeros are removed for the purpose of increasing the value of Iraqi Dinars in a way that one Iraqi Dinar will be equal to one US Dollar," We have SIGR, 2008 five year plan, Shabibi, Shibibi's deputy, multiple members of Parliament and now Finance committee members all saying the same thing which is the initial rate will be around $1. With all the people in the true know stating the same $1 rate we find it impossible to give any creditability to these reported high rates. [post 1 of 3...stay tuned!]
7-19-2012 Newshound Guru Randy Koonce There is no RV yet and Not incountry RV and it will not come out at .86 or 7 dollars...Talabani is in Iraq not Germany...the reason for the misinformation is Iraq did not want to be pressured into the National Meeting...the meeting will take place, we believe, still before the end of the month...This is Event Driven not Date Driven ... the only articles to watch for is the announcement of the ministers or the national meeting the rest is only for show "unless you you see it in at least 7 different papers." ...Breathe we are close.
7-19-2012 Newshound Guru Historian We actually look at the Dinar as being a safe haven currency because it can’t go anywhere but up. There is no stock, mutual fund, interest rate or real estate that is going to make me the same amount what this will make because this is so cheap right now and they can’t keep it down there forever because they have way too much wealth. The part driving this RV are likely set up to turn it on whenever they choose and all we can see is the progress towards it.
7-19-2012 Newshound/Intel Guru BGG Maliki has strung this out numerous times – just as he did recently. He actually gave an interview where he offered Allawi the full Erbil – who agreed, as long as he did it quickly. That was two weeks ago – now he won’t even meet with him. It’s been a shell game with him all along – soon as we get him close to the water – he backs away. They are getting closer to having him sewed up though – they have finished the legal issues with the interrogation – now to get it done.
7-19-2012 Intel Guru Blaino Talibani, allawi and the others are now pressing for the national conference at an almost hysterical level after months of their surrogates and lieutenants nibbling away at the mass of complexities separating each of the various groups from reaching some common agreement that might allow for some kind of forward movement. the national conference is indeed the time and place where the major issues of iraq will (supposedly) be settled with some degree of finality, the fully and publicly recognized goi will be displayed and the entire matter will be brought off in a very scripted and programmed way. Everyone is now writing the script and learning their parts, and that is the current delay.
7-19-2012 Newshound Guru Adam Montana I'm positive that they have the new currency ready to go, at this point it's a matter of Chapter 7 and the HCL. REgarding "when" we are going to see those new notes - they originally said September, now they are saying early 2013, and in another article they said it would take 2 years to get them out so that would put us into 2014. Now... which of those is accurate? I don't think any of them reflects the TRUE intent of Iraq, and I find that to be a positive thing... if they had ONE story and stuck to it, I would believe it...but that's not the case. They bounce all over the place with conflicting stories, as if they had something to hide. If the plan is to dramatically increase the value of the Dinar, they DO have something to hide! They don't want that announced, because massive amounts of speculation would occur and it would drive down the value. They want the opposite to happen.
7-19-2012 Newshound Guru Mike Shabibi...knows exactly what he is doing...once this government situation gets done and he knows where thats at and he can have the laws and everything he needs he is going to take this forward...he has not stopped once - we say sometimes this RV has been postponed or that it hasnt been done but he has done nothing but move forward. You should have confidence in whats going on over there...we just have to realize it is in their time not ours. Just sit back...watch and enjoy the view as we take this ride together.
7-19-2012 Newshound Guru Med COUNTRIES WITH TWICE AS MANY PEOPLE IN POPULATION USE A BUDGET FOR THAT COUNTRY OF ABOUT 1/2. THIS SO FAR SINCE THE BEGINNING, EVEN WHAT THE CPA WAS IN CHARGE, HAS BEEN THE WORST MISMANAGEMENT OF A COUNTRIES FUNDS I HAVE EVER WITNESSED.
7-19-2012 Newshound Guru Adam Montana I think we can be reasonably confident that when they choose to raise the value, we will know about it relatively fast - it is a big deal and it's not going to be done quietly! In other words...who cares about how fresh the "intel" is - none of it matters until we get to cash in. Iraq is moving in the right direction, and all the rumors in the world won't get you closer to cashing in. When Iraq is ready to do this, they will.
7-19-2012 Newshound/Intel Guru BGG "Breaking News: Kurdistan Region President Calls for Urgent Iraqi national Conference": This is the most incredible news!! There are several different ways to look at this piece of news – all of them good. My take – Barzani has just called Maliki and the NA’s hand. They had made it look like they were all for “reforms” which they are, in reality, just 2 years late making good on their agreements. Talibani has wanted this NC meeting since last January (in the worst of ways) – if it looks like Barzani is leading the charge on this thing and any one of the above characters stumble getting out of the gate – it won’t go well for them.
7-18-2012 Newshound Guru Adam Montana inflation is lower in June than it was in May, showing that they are STILL moving in the right direction and one more thing...is the fact that they are talking about how much it will cost them to bring out new currency, one article specifically mentioned 172 billion Dinars. Now, with inflation going down, the HCL getting closer to being resolved, the fact that they keep talking about their WEALTH...why would they waste 172 billion dinars on swapping out currency if they were just going to keep the value the same? I don't think that makes sense. The only way this plan makes sense is if they are planning on raising the value of the Dinar, and if they do that WE MAKE MONEY. (So do they, of course!).
7-18-2012 Intel Guru Blaino Intel has been flowing...Several higher up and connected people have apparently exchanged FOR... Escrow deposit account or some kind of "voucher"' program. Nothing so far on rate but i'm told we are "very very close." i am awaiting additional confirmation. However due to source i am not discounting this as rumor. This source is direcly linked to a major bank and has also strong foreign connections. Please know that as soon as their is either additional news or additional confirmation i will get the news to you.
7-18-2012 Intel/Newshound Guru Poppy3 News flash - they informed me today that they have been assured they will move forward and if things in GOI are completed, Ramadan will not interfere with implementation??
7-18-2012 Newshound Guru Mike article quote: "The central bank adviser: the integration of small banks with large management will help to build strong banking" Why would they be giving out this advice now?? Its almost like they are urging these banks to get their act together quickly because something is going to happen...they want the banking system to be set for this event to happen. Once this RV's the floodgates open...This process is moving very quickly - and he [Saleh] wants it to get done now and wants it to be soon rather than later. [post 2 of 3...stay tuned!]
7-18-2012 Intel/Newshound Guru Poppy3 i have gotten encouraging words today from federal contact on the document signed today with the leaders of the us embassy in Bagdad. The delegation from America that Biden sent there and he has joined twice since they have been there are trying to intervene and move things along, the only problem i see with them there is that they are trying to save Maliki's position and get things done and leave him till the end of his TERM.
7-18-2012 Intel Guru BellaGrits my understanding is those rates are not live on the teller screens...a "live" rate can be 2 different things...back screens and teller screens....teller screens mean live to the people...the public...that's what we all await. The rate could potentially fluctuate based on how it comes out...as a managed float, a dirty float or just a float...managed is simple to understand meaning the Central bank will manage the rate and can chg it in 90 days...it would be fixed til then...a dirty float would be managed as the Central Bank deemed necessary per market conditions, and a float would simply be moved with the market. I can't see it going much longer-- honestly. stay steady...we are heading for a victory.
7-18-2012 Intel Guru BOBGETZ6 Have heard nothing negative. I am of the opinion that if we don't see it this week, we could be heading toward September. That is only 1 1/2 months away.
7-18-2012 Newshound Guru Adam Montana I believe we have seen a TON of progress in the last year! The CBI has stated that they are not going to wait for Parliament to agree before they make a move on the Currency...everywhere I look this morning I see Iraq referring to their WEALTH...and their RICHES - they state that Iraq should be one of the richest countries in the world, they state that they are sitting on vast resources worth tons of cash, and they state that they are focused on getting the HCL taken care of.
7-18-2012 Intel Guru Hammerman yesterday...started getting call from bankers saying alot of movement, also got 5 calls from over seas saying stuff happening at the banks there...all places were getting big signs of happening...warka bank says it rv'ed along with an iraq officel, but i cant find it. imf, bis, an wb...said all troubles are taking care of and they are processing some kind of codes again...ust and wells fargo are generating codes again to teir 1, 2, 3 And now maybe talking 4...rumars all as always, but trying to prove now. china says yes, yes, yes on go rv but they say not before thursday evening usa time although they admit that it is looking so good an so close to ramadon and iraq appears to be ready, so both told shabbie could pull the trigger without any one saying go for it, so this sounds like iraq still has a big say on doing the rv.
7-18-2012 Intel/Newshound Guru Poppy3 You and I can get together and discuss all their issues also and it would have the same effect on the outcome. The pattern is set every day now two or three of them are getting together and discussing how to solve their crisis. They are all still refusing to all get together and really solve their problems and while Maliki is the leader of the problem, they are all guilty of promoting the delays.
7-18-2012 Newshound Guru Vic1 WE are in a very "CRITICAL CROSS-ROADS". We are throwing on...the SEARCH LIGHTS... LOOKING for The BOMBERS...DROPPING...Those DINARS! WE ARE IN POSITION...THAT THESE BOMBERS ARE ABOUT TO DELIVER OUR...PAYLOAD!!! I CANNOT BE ANY MORE CLEARER THAN THAT!!! BAAA BOOMMMMM...IS ABOUT TO BE HEARD...AND SEEN!!! JUST NEED TO SIT STILL. MANY WITH GREAT KNOWLEDGE ARE DOING WHAT THEY NEED TO DO TO DROP THIS IN!!!
7-18-2012 Intel Guru Hammerman HEAVY FORWARD PROGRESS. 100% POSITIVE HAPPENED YESTERDAY AFTERNOON AND INTO LATE LAST NITE BUT STILL I NEED TO VERY CAUTIOUS ON WHAT I SAY. I’M HAPPY AND VERY TIRED.
7-18-2012 Newshound Guru Mike They are telling us something is going to happen in the coming days on an international level with this currency with a NEW mechanism which has something to do with the dollar exchange rate...I am not saying it is an RV...we may see things we have not seen before - there are some things out in the community...fluctuations on the forex...certain things that are going on that are leading us to believe that internationally this currency may be coming onto the market soon. [post 1 of 3...stay tuned!]
7-18-2012 Newshound Guru Adam Montana Ramadan. that's pretty much it for the next 30 days. I'm very sure that that day [raising the value of the Dinar] is not going to be today nor any of the next 30 days, because mark my words: NOTHING BIG will happen during Ramadan...that's not exactly a bad thing, because while I don't believe a major change will happen or be announced during Ramadan, it is a great opportunity for deals to be prepared and plans to be made. Ramadan starts tomorrow and ends Saturday August 18...while the GOI has stopped making a big deal about September, it's still very possible for a big bang anytime between August 19 and September. So let's stay positive and give them the moral support they need to get this thing done. Iraq, I'm rooting for you!
7-18-2012 Newshound/Intel Guru BGG I am suspicious the US is over there “slinking around” trying to exert some influence again. There have been two main characters keeping Maliki stable - from the beginning Talibani and the US. The only reason they are skulking around in the shadows right now – it’s like I said the other day, something is up!! Soon.
7-18-2012 Newshound Guru Med WE ARE ALL SITTING GOOD. WE KNOW BY FACT THAT THE CENTRAL BANK HAS ISSUED A STATEMENT, DESPITE THE COUNCIL OF MINISTERS ATTEMPTS TO STOP THE RV, THE CENTRAL BANK IS MOVING FORWARD AND IT WILL BE DONE. WE ALSO KNOW BY FACT THAT 1 DINAR WILL EQUAL 1 USD. WE ALSO KNOW BY FACT WHAT THE NEW CURRENCY VALUES WILL BE AND THE FILS. WE ALSO KNOW THIS BY STATEMENTS FROM CBI THEY DO NOT WANT TO ENTER THE NEW CURRENCY IN THE MIDDLE OF A FISCAL YR. NOW WE KNOW BY FACT THAT THE NEW BUDGET FOR 2013 IS WHEN THEY WANT TO ENTER INTO THE NEW RATE AND NEW ISSUE. OK GRANTED THEY HAVE NEVER AGREED ON ONE BEFORE, IT WAS DUE, BUT THEY DID STATE THEY WANTED TO MOVE ON IT EARLY. SO ON THAT, ALL WE CAN DO IS HOPE. HOPE THAT THEY DO GET IT DONE SO IT IS BENEFICIAL FOR ALL, INCLUDING US.
7-18-2012 Intel Guru Cap1 A FLOAT CAN BE A MANAGED FLOAT OR A DIRTY FLOAT. A MANAGED FLOAT...IS ONE WHERE THE RATE STAYS THE SAME FOR A PERIOD OF 90 DAYS AND AFTER THAT 90 DAY PERIOD, IT CAN GO UP OR DOWN 2% EVERY 90 DAYS. A DIRTY FLOAT CAN GO UP OR DOWN HOURLY AND IT'S VALUE IS DICTATED BY MARKET CONDITIONS. THE LAW OF SUPPLY AND DEMAND. IT WILL SETTLE OUT AROUND $4.76, IMO.
7-18-2012 Intel Guru Bulldog75 IRAQ NEEDS RV DESPPERATELY FOR RECOGNIZED WORLD CURRENCY AND ADMISSION TO WTO AND OUT OF CH7:..(NOT TO MENTION ELECTRICITY). HIGHER RATE MAY STAY FOR 7-10 IMHO. DIRTY FLOATS: RATES CHANGE 24/7/365 AND MANAGED IS 2% CHANGE DURING A 90 DAY PERIOD. [RV WILL] PROB BE A 'DIRTY FLOAT' CAUSE RATE WILL NOT STAY WITHIN 2% FOR 90 DAYS, IMHO.
7-17-2012 Intel Guru Soonerfan62 I BELIEVE THAT JONNY AND ALL OF US BELIEVE THE RATE WILL BE MUCH HIGHER FOR A FEW DAYS AND THEN SETTLE IN...AT ABOUT $4.50 OR SO...THUS THE DEFINITION OF FLOATING. I BELIEVE WE WILL HAVE ABOUT 7 DAYS OF A DOUBLE DIGET RATE AND THEN WILL SETTLE AT ABOUT WHAT KUWAIT IS. GUYS AGAIN I WILL SAY, THIS IS NOT ABOUT US, IT IS ABOUT ALL THE OTHER COUNTRIES THAT NEED A HIGH RATE TO SURVIVE. I BELIEVE WE ARE HOURS OR DAY FROM OUR BLESSING AND NOT SEPT. OF 2013. SO THERE YOU GO, YOU GOT MY OPINION.
7-17-2012 Intel Guru BWM the managed float makes perfect sense...win, win for everyone...it allows Iraq to have a rate that is extremely desirable to the international market while still getting their ppl to a place where they can rebuild and crawl out of the poor position the average Iraqi is in.
7-17-2012 Intel Guru Cap1 EVERYTHING IS STILL MOVING FORWARD AT A FASTER PACE THAN BEFORE TO GET THIS "PROJECT" COMPLETED. ALL IS VERY POSITIVE. I DON'T SEE ANY THING STANDING IN THE WAY. I HAVE BEEN INVOLVED IN EXTENSIVE RESEARCH, PHONE CALLS, ETC. TRYING MY BEST TO GET TO THE BOTTOM OF WHERE WE ARE AND I BELIEVE WE ARE TRULY ABOUT TO REACH THE END. I CAN'T SEE IT GOING INTO SEPTEMBER OR EVEN AUGUST FOR THAT MATTER. I BELIEVE IN MY HEART OF HEARTS THAT WE DON'T HAVE BUT DAYS LEFT. ALL SEEMS TO BE POINTING FROM A GEO-POLITICAL PERSPECTIVE AS WELL AS A FINANCIAL PERSPECTIVE THAT WE ARE SO VERY CLOSE. IT WILL RV. NO RI. [RATE] WILL SETTLE OUT AROUND $4.76 IMO. BE READY TO MOVE AT A MOMENTS NOTICE.
7-17-2012 Intel Guru Hammerman news out of iraq is good, good so good i was ordered not to say anything just yet...word for word...you cant say this info first...Being watched...wait and fill in the blanks after it leaks out. ok, calling china now, then ill call switerland and london...please stay calm...nothing can be done till tomorrow at the soonest...dont get hopes up to high yet...the fall hurts us...im on this.
7-17-2012 Intel Guru Blaino may be revaluing now! Sensitive info reveals foreign curr bank officials under N.D.A.s standby...rv alert...more info as things clarify. Steady please! Not a drill (mehopes!)—Today 6:37 pm. A senior (bank) foreign currency exec departed last evening to a location where he/she/they may have access to several dlrue machines. They are awaiting "exchange" instructions right now which were due hours ago and MAY, "may" be delivered as soon as the next few HOURS...In which case 'these' folks can exchange at these locations (overnight?) and THEN Mebby we get a turn!!! Tomorrow am is the first realistic opportunity for us to position for The surge, considering the clock and the logistics, employees, Etc. in all honesty, the best case scenario for most of us here is more likely thursday or friday to be in the "window", the cash out window! These institutions will need time to inform and educate all their "peeps" Procedures and so on, after having told them for years that this was a SCAM. I'm sharing what i can from what i got from several contacts. do not get overly carried away just yet! We need to see something develop first, THEN We need to ride this wave, not get dumped in the deep WATER...(sharks in there!).
7-17-2012 Intel Guru Cap1 ALL THAT CAN BE SAID HAS BEEN SAID...WE ARE IN A TERRIFICALLY GREAT PLACE NOW. NOW IS THE TIME!! WE'RE ALMOST DONE! HANG TUFF.
7-17-2012 Intel Guru Jonnywg imo this rv is the PTB'S bread and butter if we make a big noise there gonna get real pxxxxx. IT DOES NOT MAKE SENSE FOR ANY RATE TO BE FIXED, IT IS A CURRENCY AND THE PRICE WILL CHANGE FROM THE FIRST DAY IN MY OPINION...it will not be a managed float but a free float based on demand. AS IT CHANGES OR GET CONFIRMED I WILL COME BACK. AFTER THIS LONG WE CANNOT BE NEGATIVE, JUST INFORMED AND PREPARED FOR ANYTHING.
7-17-2012 Newshound Guru SWFloridaGuy With the issuance of Investment Law No.13, the economic approach in Iraq has transferred from the centrally guided economy to a market economy, which of course is an important change in the economic philosophy. There are many aspects and contributing factors we will never be fully aware of, but we can follow the general progress and recognize that (with a lot of help) Iraq is moving forward economically and their goal (clearly) is not only integration but establishing sustainability. [post 5 of 5]
7-17-2012 Intel Guru Jonnywg I admit that I have been involved in trying to resolve issues re the RV but cannot discuss detail per requests. It is also true that I did get to more than a few other RV strongholds over the past few weeks but I am not cashed in and will do so when everyone else does. there are no issues left to resolve...there are no IRAQ ISSUES...almost everything now stated as a problem is smoke…the real reason is that the PTB cannot agree as to time to release…greed is also involved…We just must wait and be prepared to react to the announcement. The monster rates are just not true but cannot be discussed…bank back screens are showing very low rates but they are still not live.
7-17-2012 Newshound Guru Breitling They said they are going to print the money in September and come out with it in January. There are articles that are saying they are kicking it down the road, but this is not from the CBI, this if from the Economic Committee. With all the articles that came out, the CBI hasn't said anything that says it has changed their view right now. But, I'm not putting in my budget, or hopes and dreams in January. I know how these guys are. The deletion of the zeroes means they are going to move the decimal over the nominal value, in my view. I don't know the exact rate, they keep saying they are going to come out at a buck. Sooner or later they are going to revalue.
7-17-2012 Newshound Guru SWFloridaGuy Iraq is also looking into global guarantees applied for by contractors and issued by the banks for a given period. For foreign firms they will use guarantees of banking institutions based in their countries of origin, then register with the Iraqi banks. The Iraqi banking system plays an important role in these transactions. The bottom line is: for Iraq to successfully implement the next stage of their economic reforms, they must continue to consult with representatives from the private sector, bilateral donor agencies and international organizations - such as the UN, WTO, IMF and the European Union - to ensure they are in compliance with international "proviso" or requirements. [post 4 of 5...stay tuned!]
7-17-2012 Newshound/Intel Guru BGG In an ironic turn – [Maliki] made a veiled threat toward the Kurds. Then telling the police they can’t be like the former regime – however, just this once – let’s crush my political enemies!! This guy is unbelievable. Which his current allies have to be seeing...This may well be his undoing. By hook or by crook – they intend to get Maliki in front of Parliament for an “interrogation session”. It wouldn’t surprise me if they lure him there under the auspices of him “lecturing” them. No matter what – he’s not wanting to land in front of the House.
7-17-2012 Newshound Guru Doc All-in-all things seem to be progressing in our favor. We do not see anything happening until after Ramadon since there is little time to get in place those things Shabibi has said he needs to see before currency reform can happen. Our opinion continues to point to the September to October time frame. This is based on published information to date. This information simply does not support imminent (second to second) timing. We encourage all to keep the big picture in focus and look for concrete events and not fantasy Forex rumors that will disappoint. We report, you decide.
7-17-2012 Newshound Guru SWFloridaGuy In Iraq, government procurement plays an important role in supporting the reconstruction and rehabilitation of the national economy as well providing the necessary infrastructure for the development of the private sector. The goal is to enhance economic integrity, transparency, credibility and prevent misconduct. Actually, Iraq is the one requesting (and receiving) help in these areas. Iraqi officials frequently fail to act for fear of violating new rules and procedures which they don’t understand. However, some of the responsibility of supervision has now been transferred over to the Council of Ministers, which is a good sign. [post 3 of 5...stay tuned!]
7-17-2012 Newshound/Intel Guru BGG I promise I am rooting for an immediate RV as much as anyone. I just don't believe we'll get the RV until Maliki is gone...Hope I'm wrong.
7-17-2012 Newshound Guru Doc Other news we find encouraging is that Maliki has supposedly nominated 3 persons for vacant posts one being the defense minister. This leads us to believe he most likely struck a deal to avoid the no confidence vote and remain in power. Honestly we do not care as long as the government is seated and there is a semblance of stability. We also speculate that the deal would include a level of power sharing and implementation of Ebril. One report said the HCl law would be reviewed in Parliament during their next session. However, that is yet to be seen. If the deal is true and Maliki actually goes through with his part we maintain these are the last events Shabibi has been waiting on and we would see currency reform fairly rapidly following. Unfortunately Maliki has a history of not living up to his promises but we are extremely encouraged that the pressure continues to mount upon him. [post 2 of 3...stay tuned!]
7-17-2012 Newshound Guru SWFloridaGuy This is no simple task and after decades of war, Iraq alone does not have the capacity to accomplish this. They don't have to. This has been a joint effort from the beginning...together with the IMF, World Bank and countless other government entities, commissions and organizations. We need to keep in mind many governments and corporations are heavily invested in Iraq and continue to support their reconstruction because like us, they see Iraq's potential and have invested heavily in order to reap the benefits themselves. There are certain key factors they monitor closely and will support (to protect their interests) such as political stability and the health of sectors which can maximize net economic gain. They can increase benefits by improving Iraq's image on an international level. [post 2 of 5...stay tuned!]
7-16-2012 Newshound Guru Eagle1 If we assume a stairstep in 90-day increments, (And remember, this is speculation! We have no specific intel that tells us what the individual steps will be.) we might look for a $3 or $3+ rate in 90 days with incremental steps until they reach their objective. The fact that the .81 IQD to 1 Euro continues to show up in Frankfurt and Paris is highly significant. That tells me we have a high possibility -- even a probability, if I may be so bold -- that we will see something either Tuesday or Thursday of this week. Keep your eyes peeled and your spirits alert! [post 2 of 2]
7-16-2012 Newshound Guru Eagle1 When the FOREX was showing the .16 rate, it also had the initials FRA following. That was a signal to folks in the financial markets to prepare for a rate (I'm assuming this here since I have no hard intel) that we should see probably in the 2013 budget. The Fixed Rate Agreement and Forward Rate Adjustment signal something that is coming down the pike. Once again, that .16 rate was .16 IQD to 1 Euro, meaning 6.25 Euros per IQD. As already noted, 6.25 Euros is equal to $7.62. My warning to people was to NOT look for that rate coming out immediately, but rather to expect that as a target rate (read that: future) for the IQD. The .81 rate which showed up Sunday (and still appears today) is the rate I believe we should expect when the actual RV announcement is made. It is the first of a probable stairstepped sequence in which we will see the IQD's value raised to the point where 1 Euro = .81 IQD. Depending on where the USD happens to be vs. the Basket of Currencies when the announcement is made, that gives us an opening rate of $1.50 - $1.51 per IQD. [post 1 of 2...stay tuned!]
7-16-2012 Intel/Newshound Guru Poppy3 [Maliki] should have been canned long ago but when they started, the first three weeks they spent waiting on their courts to deside if and how they could...it is a very complicated process. Now it seems they are positioning to pull the trigger on him and he is doing things that are really out of the ordinary even for him. I think he is losing touch with reallity in some areas.
7-16-2012 Newshound Guru SWFloridaGuy Today there were two reports released that show us the direction Iraq headed. According to the World Bank, Iraq is now ready to comply with their obligations and their application for full WTO accession is currently being reviewed for acceptance as negotiations continue. In addtion to forming a complete and functioning GOI, Iraq has six major issues they are working on right now. Iraq must have a tradeable currency to accomplish their goals and reclaim their economic prowess in the region (as it should be). [post 1 of 2...stay tuned!]
7-16-2012 Intel Guru Blaino A PUBLIC RATE IS POPPING IN SOME EURO MARKETS... LOOKING FOR SOME INFO ON THAT ALL DAY...$7+...TAKE AS RUMOR ONLY. THEY NEED IT "UP" SOMEPLACE IN THE WORLD TO MAKE IT "LEGAL" TO EXCHANGE CERTAIN FOLKS...SO, A SMALL EURO EXCHANGE IS HOSTING THE NUMBER.
7-16-2012 Newshound Guru Doc There is a lot of good information being reported out of Iraq. For one several reports indicate high level discussions with WTO entry. This is important since they will need an internationally traded currency for entry. We are also aware to get to that state they must come out of chapter 7 and have article 8 status for their currency. The good news here is that there have been several articles reporting chapter 7 exit is close. We do know the UNSC extended its involvement in this until the end of the year, however, the exit could come earlier. [post 1 of 3...stay tuned!]
7-16-2012 Newshound Guru Kaperoni The CBI is stating because of the delays, due to the layout decisions on the new currency, they will issue the smaller bills to cover in the meantime. That is spectacular news for us! The CBI is NOT stopping. The articles about 2014 are simply stating the new currency with the Kurdish language will not be ready as expected in time for the 2013 budget. Yes, now we have confirmation that back in 2003 when the 3 zero notes were printed, they also printed lower denoms. So, what the CBI is going to do…is use the dinar that is already printed. Awesome stuff! These notes are within the same family and will be introduced...There is no value unless the rate rises. So there, we have confirmation that smaller denoms do exist.
7-16-2012 Newshound Guru Mike They [Iraq] are one of the top 10 wealthiest countries in the world based on natural resources. So, if you start backing your money with those natural resources as we see that they are trying to do and what they are trying to accomplish here, it gives alot of value to that. We are learning more and more from the CBI that their economy is huge compared to where it is at - There are some great numbers when you look at the size of GDP...when you look at the size of the growth and you look at the size of what they have in oil production it puts them in the top 10 of the world among natural resources...This is just huge!!! they are going to add value to this currency at some point here and we are seeing the steps being fulfilled bit by bit.
7-16-2012 Intel/Newshound Guru Poppy3 I have gotten some very good sounding news today but I will not share unless BGG, myself or some more of our sources can further confirm. all these rates that appear from time to time can come from imf, ust, fed, etc and they all run test every month on their system and they can post any rate at any time but it is never activated, this information from a 19 year top executive within the fed.
7-16-2012 Newshound Guru SWFloridaGuy Be careful wishing for high rates. Keep things in perspective. 1 to 1 is 100,000%. People throw out numbers around 3 and 4 like it's nothing because they don't understand what that would do to the system. The higher the rate the better chance for a Lop. The largest currency appreciations in history range from 10%-40% and actually even that high of a change presents a ton of challenges. We need to understand what we're talking about here. I'm always surprised when people say from .00086 to .86 would be a small RV. That makes no sense.
7-16-2012 Intel Guru Blaino The National Conference is going to be a scripted showcase for the people. What we are seeing now is the preliminaries where they are trying to get their act together. The major players are all there doing their thing and meeting together with surrogates negotiating settlements but so far nothing has been signed and finished. How long they will drag this out is anyone's guess but I think we're getting close. When they get this all ironed out we'll see a public show of unity. We have video and news reports from Iraqi TV of citizens exchanging dollars and taking Iraqi Dinar back out. They did comment several times that the IQD was up substantially against the USD but I don't think this qualifies as an in-country RV. Tomorrow morning still looks pretty good for around 9am est. I'm looking for some things to happen tonight.
7-16-2012 Newshound/Intel Guru BGG Everytime [Maliki] gets close to solving Iraq’s troubles he pulls something like...putting troops up on the Kurdistan border. At some point everyone has to recognize this to be intentional. The NA had better make good on their promise to vote him out – because he’s not even close to doing anything they ask – not even for them!! This NCV [no confidence vote] is not nearly as “dead” or ineffective as everyone is thinking. With Maliki’s recent actions (yesterday and today) – it may all be a moot point. The good news is – they aren’t that far out of position with regard to removing him, if need be.
7-16-2012 Newshound Guru SWFloridaGuy Other than seeing WTO accession as general progress for Iraq, this issue in particular (convertible currency) is something we as Dinarians find may have some applicability. I'm not expecting it before Ramadan, so it doesn't slow things down the way I see it. I'm looking Sept-January for movement, which is right around the corner for the people who lay out economic policy 10 years at a time. I also don't pretend to know the date or rate though. It could be sooner, could be later.
7-16-2012 Newshound Guru Mike This is what I really like Shabibi...he came out full force and he supports everything that is going on...from a monetary standpoint they want to move forward....and letting people know they are ready...ready to go for it. its the government and everything else kinda sitting there and fighting them along the way...but they are smart enough to get by it ...even when it looks like they take a step back, they take 4 steps forward. CBI IS READY...BEEN READY AND MOVING FORWARD...FULL SPEED AHEAD.
7-16-2012 Intel Guru Ray things are really moving forward in Iraq. September is looking very, very good. The CBI is even selling De La Rue machines to the money changers so that they can verify the dinar when people start exchanging it for the new dinar. Has to be a reason for that. TV, radio and newspapers are still telling the people daily about the coming change and they are still saying September. Nothing will happen until after the feast of Ramadan. Shabibi is still saying 30 days in country to exchange and 45 out of country.
7-16-2012 Newshound Guru Vic1 THE IRAQI GOVERNMENT NEEDS THIS RV MUCH MORE THEN YOU AND I! THE CBI IS THE CENTRAL BANK OF IRAQ! A SELF STANDING AND SOUVERIGN BANKING STRUCTURE! THEY ARE RESPONSIBLE FOR THE MONETARY POLICY OF IRAQ! THEY WORK WITH THE GOVERNMENT! THE MONEY IS THE BACK BONE OF THAT COUNTRY! ...SHAB'S SAYS HE WILL RETURN HIS CURRENCY TO THE HAY DAYS OF THE 70'S AND 80'S. SO NOW THE TIME HAS COME TO GET HIS COUNTRY THE MONEY THEY NEED!
7-16-2012 Newshound Guru SWFloridaGuy the fact that they are negotiating Iraq's accession to the WTO is substantial. Iraq has to have a convertible currency. Membership is considered on an individual, case-specific basis. Once the terms are finalized, they are submitted to the WTO's General Council. If two-thirds of the members vote in favor, than Iraq may accede to the WTO. To convolute matters, since Iraq's plan is to dedollarize and not continue using the USD as their primary currency, they need to make the IQD a convertible one as accession stipulates. They are up for review and negotiating now. This is a great sign for us and one that points to the IQD becoming an internationally tradeable currency.
7-16-2012 Newshound Guru Kaperoni i saw an article yesterday that said the 500 and 250s will not be destroyed from the current currency and will be used, which means they must rv. yes, [no lop].
7-15-2012 Intel Guru FreewayBill Movers and shakers are in good shape right now...The good is kicking the bad's behind and things are progressing.
7-16-2012 Intel Guru Soonerfan62 I’M IN A GREAT MOOD...BECAUSE WE ARE TRULY ON A ANYTIME MOMENT NOW.
7-16-2012 Intel Guru Footforward the forex stuff is true, but understand this was a FUTURES contract, not a live rate on forex. WHAT THIS WHOLE FOREX DEAL WAS, IMO, WAS A FUTURES CONTRACT, BASICLY SAYING AT SOME POINT THE VALUE OF THE DINAR WILL GO UP, BUT WE KNOW THAT ALREADY. I DO THINK I KNOW WHY THIS HAPPENED, BUT I CANT GET INTO IT WITHOUT GETTING IN TROUBLE. ITS JUST GOOD NEWS. IGNOR THE FOREX RATE. THINGS ARE PROGRESSING AS THEY NEED TO.
7-15-2012 Intel Guru Blaino Iraqi tv is showing what appears to be many people exchanging dollars for IQD. It appears that they are indicating the IQD is now worth more than the USD. Working on confirmation. More when I get it. Be back soon!
7-15-2012 Newshound Guru Bondlady some dont seem to understand this but the higher the rate u can bet on a lop, the lower the rate, the rv chances get 85% higher...so im inclined to go the opisite way than the high rate but none of us will know till it happens.
7-15-2012 Intel Guru Hammerman The IQD showing on the London Forex on Thursday for several hours is correct, alot of confirmation of tier 1 cash outs, rumors of tier 2, can't confirm. Also, there are rumors that they are trying to delay tier 3 in order to apply more taxes. The U. S. does not want the little people to have this money. I have heard they will tax you, the little people, up to 89%, this comes from high up government sources. Heard that IQD was being cashed in for USD at $4.78 inside Iraq. Shabibi's last day in office is Nov. 27th. I don't think he will leave without this happening. I do believe Shabibi will have the final say.
7-15-2012 Intel/Newshound Guru Poppy3 Well, the Minister list has been submitted again. This time they have submitted 5 names for three opening. Now this is the fourth time names have been submitted. I hope someone stands their ground this time and gets the vote and seating completed. GET-R-DONE BOYS Poppa needs and brand new bag.
7-15-2012 Intel Guru Enorrste If it doesn't happen by September 1, I will be very disappointed. Shabibi has made his commitment. Now he just needs to live up to it.
7-15-2012 Newshound Guru Eagle1 As far as I know, the general rule of thumb is that when these items show up like this on FOREX, we can usually expect the actual currency change to occur within 72 hours. Notice, also, that the announcement came just prior to a weekend. No trading takes place over the weekend, and by making the announcement at the close of business on a Thursday, it limits speculative trading. Traders generally know that (and there are restrictions in place -- TOUGH RESTRICTIONS) they can't implement any currency transactions with that particular currency during the following 72 hours. Hence, the weekend announcement. [post 3 of 3]
7-15-2012 Newshound Guru Eagle1 As far as whether they would wait for a week or not to implement the actual rate change, because of the possibility of investors scooping up the currency (and some will do that anyway!) and expecting to reap their dividend within 24 hours or even a week, the actual release time is kept a closely guarded secret, and could delay as much as 30 days (and even 90 days in some cases) if the IMF and Central Bank thought it appropriate. [post 2 of 3...stay tuned!]
7-15-2012 Newshound Guru Eagle1 Follow-up to Frankfort Forex: One would think that the 17th is the next logical day, and that may well be the case. Honestly, I look for the announcement virtually any minute. Normally, however, when an item like this shows up on FOREX and it is still there at the end of the business day, it will remain there until trading resumes, whether it begins the next morning at 8:00 AM or, in the case of a weekend, when trading resumes on Monday morning. [post 1 of 3...stay tuned!]
7-15-2012 Newshound/Intel Guru BGG National Alliance and the Kurdistan agree on dialogue and the adoption of all papers of meetings. Just out now. feeling better about it now...My main concern has been the Kurds getting left out all along. The "Other Shoe" just dropped. I'm starting to think they could really pull it off...looking more and more like it.
7-15-2012 Newshound Guru Med READ THE POSTS ON THE ZERO'S TODAY...TWO FROM SEPARATE BLOCS, ONE FROM THE LIST, THE OTHER FROM THE KURDS BOTH SUPPORTING THE RV. ONE OTHER NOTE IS THAT THE KURDS SAID WHY PUT OFF TILL TOMORROW WHEN YOU CAN DO IT TODAY IF YOU ARE READY. THEY CALLED FOR THE MOVE NOW.
7-15-2012 Newshound Guru Eagle1 Take the current value of the Euro against the US Dollar and we have a valuation of the IQD against the USD equal to $7.62. I would highly caution all of you to consider this figure with a lot of question marks. For those of us who have analyzed this piece of information, it would seem like that would cause a shock in many economies, and that a gradual increase over a six-to-twelve month (or even an 18-month) span in 90-day increments, the first being at Ernst & Young’s suggested $1.30 rate being the more logical and probable. If we get anything like $7.62 at the outset, you’ll have to cover your ears to protect your hearing from the deafening roar of excitement! What I do know is that the wheels are turning and Shabibi’s announcement is imminent. [post 3 of 3]
7-15-2012 Newshound/Intel Guru BGG I did not call an RV today, but things are leading us in that direction. A few weeks ago in the news, Maliki actually offered Allawi the Erbil deal for them not to go forward with the no confidence. Allawi accepted the deal as long as he hurried up what he needed to do. I'm not sure if the National Meeting didn't start today, I believe that if we get an announcement for the National Meeting, or this is the National Meeting that is taking place, as soon as there is a power sharing agreement, I believe this will go very quickly. We are looking at 24 hours to a week. We are in a prime window to see some ground breaking news.
7-15-2012 Newshound Guru SWFloridaguy Allawi said that the IMA meeting is over and they need to more forward with the No Confidence vote on Maliki, this is direct from Allawi. I wouldn't be surprised if they are trying to get a deal in the works by keeping the pressure on in order to come to a compromise. This governments stability is vital for Iraq to more forward with economic reforms, IMO. This has drawn on longer than any of us expected, but it will be resolved.
7-15-2012 Newshound Guru Eagle1 Now, let me go back to the posting which appeared Thursday night on Frankfurt’s FOREX exchange. You will see the following notation: EUR-IQD.F EUR/IQD 0.16 Currencies FRA. Here’s where things get interesting. The FRA notation has a double meaning. The first is “Fixed Rate Adjustment.” The second is “Forward Rate Agreement.” In short, a forward rate agreement (FRA) is an over-the-counter financial futures contract on short-term deposits. Both of these uses of the FRA notation indicate an increase in value and advise currency traders and businesses/nations engaged in contract negotiations with Iraq that the IQD is about to revalue and that future contracts will need to incorporate the new rate. [post 2 of 3...stay tuned!]
7-15-2012 Newshound Guru Vic1 CHAPTER 7 HAS NOTHING TO DO WITH THEM RV'ING THEIR CURRENCY! THEY ARE A SOUVERIGN NATION. THE LAST BIT OF CHAPTER 7 IS THE IRAQ/KUWAIT BOUNDARIES.
7-15-2012 Intel Guru Bluwolf the fact is that all has been said and is positive till this point. No delays and no problems have occur what so ever...all is still positive and on track, we are in a second by second alert, waiting on the phone call.
7-15-2012 Newshound Guru Eagle1 The past 24 hours have brought about some extremely interesting developments. Thursday at roughly 5:00 PM Eastern, the IQD showed up on FOREX at the Frankfurt Exchange, and shortly thereafter on the Paris Exchange. For reasons explained otherwise, it did not appear on Citibank’s FOREX site in the U.S., and that may be because the USD was not referenced in this announcement. the IQD was referenced to the Euro. The Euro was equal (in this posting) to .16 IQD. That would make the IQD worth Eu6.25. Take the current value of the Euro against the US Dollar and we have a valuation of the IQD against the USD equal to $7.62. the rate continued to display for some seven hours. (Update: The rate was still there, by the way, as of noon Friday.) We’ve seen glitches before, but they generally last for a few minutes, and maybe an hour at the absolute outside. On the day following the appearance of this rate with both Frankfurt and Paris FOREX exchanges, we learn that the Iraqi Minister of Finance as well as other representatives from the GOI were in Frankfurt and Paris to open up embassies. Makes you go, HMMMMMMMM. [post 1 of 3...stay tuned!]
7-15-2012 Intel Guru Footforward EVERYTHING IS IN PLACE THAT NEEDS TO BE FOR THIS TO HAPPEN. ITS A BATTLE FOR CONTROL, THAT SIMPLE. THERE SEEMS TO BE FORWARD MOTION, AND I EXPECT THE RATE TO BE "REAL GOOD". I DO THINK THE RATE GOES UP THE LONGER THIS GOES. IF I EXPECTED THIS TO BE A WAYS OFF I WOULD TELL YOU. IT CAN BE ANY TIME.
7-15-2012 Intel Guru Soonerfan62 ALL DONE, GET READY.
7-16-2012 Coming Soon....You've asked for it so here it comes! Thousand and thousands of Dinar Guru community members downloaded the LOP vs RV Report last week...NOW I'm giving you have the opportunity to get The Guru Rate Debate Special Report. You've heard the predicted rates from ZERO to .10 cents to .86 on up to $5.45 and above. Inside this special report you'll see WHY each guru feels their rate is the rate and the proof behind it.
Make sure you're signed up in the blue box at the top right of the site (above) so you can get your copy when its released...
Gurus, get your RATE info to me ASAP so you can be included...
7-14-2012 Newshound Guru Vic1 Shabibi says I'm lifting the 000's from the market place!!! So less "supply" will mean a HIGHER Value of his currency!!! the WTO has lowered qualification to inter the WTO. That date is July 25, 2012! Not saying that is the date...however...That date is very encouraging to me! The CBI set up 4 other CBI offices around the country, they have 5. "IF" your Currency is NOT going to BE WORTH The Paper IT is PRINTED ON WHY would you SPEND money on More CBI LOCATIONS then Begin plans ON a NEW CBI H/Q for 500MILLION dollars!!! IT TELLS ME MONEY BE GET'S MONEY!!! Ramadan!!! It starts on july 20th. I did not say RV cannot happen before, during or after! It can happen at any moment!! ALL IS GOOD to GO.
7-14-2012 Newshound Guru Phoenix3333 Iraq is meeting with the UN Security Council Thursday, July 19th, 2012. 9:45 AM - 10:45 AM Security Council Media Stakeout (Consultations on the United Nations Assistance Mission for Iraq (UNAMI). 10:00 AM - 11:00 AM Security Council Meeting: Briefing on the United Nations Assistance Mission for Iraq (UNAMI)"
7-14-2012 Newshound Guru SWFloridaGuy I believe this is all part of a well-orchestrated plan and while the IQD will not be the world's savior by any means, it does present a unique opportunity for the Central Banks to rebalance the system and use this currency as an adjustment tool or stimulus during this global financial crisis. In this respect, a significant revaluation somewhere on par with the USD gains a bit more tenability. If all the reports out of the CBI lately are true, one way or another Iraq will be added to the history books in 2012 and my research has led me to believe that it will be a VERY "large exchange rate event." This is just my opinion, which may or may not be correct.
7-14-2012 Intel Guru TerryK JUST GOT THIS...In the streets of Baghdad they are hearing that many changes are coming... That their currency will be made new... And changing...but not how or why. THIS JUST CAME TO ME VIA THRU A CONTRACTOR IN IRAQ.
7-14-2012 Newshound/Intel Guru BGG They have been making noise about this National Meeting for a little while now...If this...deal being “in the works”...turns out to be the National Conference and if it’s over quickly and with resolution…we could be much closer than anyone realizes.
7-14-2012 Newshound Guru SWFloridaGuy there are many different mechanisms that lead country's currency to appreciate and all would pale in comparison (both numerically and strategically) to what we believe is on the horizon for the Iraqi dinar. We believe the goal for the IQD is to increase purchasing power, maintain long-term stability and to be a globally traded currency. Although after decades of war there is still much work to be done, the CBI, Finance Committee and IMF have worked to improve the fiscal and political outlook by collaborating with Iraqi Parliament, financial experts along with their international counterparts. The value in the IQD is still there. Now just as they didn't get to their current value alone, I also don't believe they can recover alone. [post 2 of 3...stay tuned!]
7-13-2012 Intel Guru TerryK I GOT WORD TODAY THAT WHAT I HAVE BEEN SAYING FOR THE PAST 8 MONTHS IS INDEED TRUE THAT O [OBAMA] IS THE ONE HOLDING THIS UP. HE ASKED IMF AND IRAQ TO HOLD OFF TIL MID AUGUST. IMF TOLD HIM NO AS WELL AS IRAQ. NOW THIS IS POISED TO HAPPEN ANY TIME ACCORDING TO UST SOURCE, THATS WHERE THIS CAME FROM.
7-13-2012 Intel Guru Bluwolf THERE ARE NO CHANGES, NO NEGATIVES. I DID SAY THAT SOME WERE BUYING TIME BUT THAT BUYING OF TIME IS OVER. ITS [VND] IN THE BASKET LOCKED AND LOADED JUST LIKE THE DINAR. WE ARE SECOND BY SECOND ON ALERT, WAITING FOR THE FINAL PHONE CALL.
7-13-2012 Newshound Guru L.J. [new guru] Adoption of the smart cards in one of the provinces ..sort of a test market for these cards....they are going to deliver their salaries to these smart cards - excited about bolstering the banking system in that area..excited about these smart cards getting into the peoples hands...we do not think this is not going to cause the RV....it is not event driven...it is a part of the process of building the banks...eventually they will add value to it but they are going to get the people used to it.
7-13-2012 Newshound Guru Arthur "90% of intl trade are member of the WTO" You can bet that Chapter 7 and Ascension into the WTO were included in those High Level Meetings..these are things that they are doing...they are on-going - all part of what we need to get to where we need to be...you can see the progression...seeing a robust economy...I always go back to what the CBI is doing...laws being passed...Shabibi doing things in order to get us where they and we need to be...we know part of that is going to indeed soon be the revaluation of the Iraqi Dinar.
7-13-2012 Newshound Guru SWFloridaGuy It's no secret that the IQD's current rate was government imposed and is grossly undervalued but that doesn't mean we should down-play the significance of what we believe they are trying to accomplish. To put things in perspective; for Iraq to revalue to even a fraction of what we expect (on par with USD/100,000% appreciation) would make this currency reform project a singularity and considered an extremely ambitious economic phenomenon even to Heterodox economists who take "power" and the global elite more into consideration. I will continue to promulgate the theory that the Iraqi dinar will revalue, while also recognizing the challenges it presents. [post 1 of 3...stay tuned!]
7-13-2012 Intel Guru Footforward EVERYTHING IS STILL OK. IT SHOULD HAVE HAPPENED TUESDAY. IT DIDN’T, WE DO KNOW WHY. IT’S BEING DEALT WITH AND THINGS ARE GOING FORWARD...IF WE WERE A LONG WAY OFF I’D TELL YOU...this can still go any time.
7-13-2012 Intel Guru Blaino We continue to dig for facts and pieces to this massive puzzle. There were several meetings and events this week that had an impact on the RV. We hope that it's CLOSE!
7-13-2012 Newshound Guru SWFloridaGuy There is an interesting meeting that is being held in September [September 18-19 2012] and I would imagine that the currency reform project and the future of the IQD will certainly be a topic of interest. Maybe the timing of the Conference has significance. The goal of this meeting is to facilitate constructive dialogue and exchanges between all the key players to rebuild a world-class banking and financial services industry in Iraq.
7-12-2012 Newshound/Intel Guru BGG I have confidence that either Maliki will be removed or (the lesser of the options) he will bend over and give up the Erbil (finally). I still have more confidence they will remove Maliki, than he will implement anything during a National Meeting. We're a ways off from Maliki actually "doing it." I'm hearing the National Meeting will be announced shortly (very credible). However, I still don't think he'll change his stripes and do right even under the threats he is now.
7-12-2012 Newshound Guru Adam Montana Why do people insist that they have to have "cash on hand" to back up an RV when the US doesn't even follow that guideline? The US does NOT have gold, assets, or "cash" to back up the "value" of our monetary system. The debt we have IS part of the "value" of our money, it is on our balance sheet. Ever since we left the gold standard our "value" has basically been given to us by China and every other country that we owe money to based on one thing: CREDIT. So, if the US doesn't have to have "cash on hand" to back up our debts, why does Iraq?
7-12-2012 Intel Guru Blaino the issue for now appears to be these un-announced ministers. They have been appointed and working since last fall...the question is this, are these two getting announced Or are they getting replaced since they have yet to be announced and as the political winds have shifted in the last 9 months. i have no one (as yet) able to penetrate the national council meetings to reveal the direction that this will GO. But we know THIS, there is not much of an excuse or reason WHY. the reports of banks, especially chase in houston having cashed out their employees are totally confirmed to be unconfirmable...i have spoken to chase and wf management in a number of REGIONS...It's all bs.
7-12-2012 Newshound/Intel Guru BGG It looks to me, there is still a significant grounds well of support to remove Maliki. Maybe more so now than before. I know both Iran and the US would like him to stay (for purely selfish reasons) but I just don’t see it that way. I think the inside scoop is the info is good thru early next week...we should hear some info no later than late into the weekend.
7-12-2012 Newshound Guru Enorrste It will NOT happen in the next two days. There are still a few things that have to be handled by the CBI and the Parliament and the government, and until those issues are resolved you can forget about all...saying "today or tomorrow." Don't expect anything until late this month or early next month, at the earliest.
7-12-2012 Newshound Guru Adam Montana Lots of people will compare Iraq to Turkey simply to back up their negative points. True, there are some similarities... but the big picture is very different. Iraq is NOT Turkey, so we can't expect them to make the same choices Turkey made. The lopsters will deny that. [post 7 of 8...stay tuned!]
7-12-2012 Intel Guru Blaino our monday pass holds for NOW...a pass is a time during which the rv is unlikely to occur, but the end of the pass is not the signal that the rv is to appear at that moment...after issuing the pass, i recieved information that makes tuesday am seem... "interesting"...we shall await tuesday and see what, if anything develops...on a 1 to 100 SCALE, Tuesday's odds are roughly 70, IMO.
7-12-2012 Intel/Newshound Guru Poppy3 pray that they follow through and rid themself of MALIKI, here is why!! I know DR SHABIBI has stated several times he wants the complete goi and all issued emplimented but remember MALIKI tried to get the DR out of the CBI position and Shabi doesn't like Maliki at all and for sure doesn't trust him for the future...if he stays it may take a lot of time for dr shabibi to gain trust enough to rv the MONEY. PRAY...MALIKI WILL BE REMOVED AND DR SHABIBI WILL FIND FAVOR WITH THE NEW COMPLETE ADMINISTRATION.
7-12-2012 Newshound Guru Vic1 many calls from non-intel folks, get the drift! London Investment people that are into serious overall Markets that are all over this! Remember, We are looking at a One Time RV. These Guys are in it for the LONG HAUL! This is no...JOKE!!! BIG Players are NOT holding this UP!!! They need their MONEY!!! Investors do NOT come in on a WHIM. These are people that have studied the Market and KNOW what the final outcome Represents! Nathaniel Rothschild has a 50%/50% All Stock split with a turkish oil company in kurdistan! HE does NOT and WILL NOT Bet on a LAME HORSE! I really need you all to understand, we really are at a any moment...Drop the Green Flag Moment! We are really in a GREAT POSITION!!! GOT IT! "ALL IS COMING TO an ABRUPT TRAIN STATION STOP!
7-12-2012 Intel Guru Bluwolf we are in the best position ever, just waiting on the...phone call, whatever news you may see coming out of iraq has no relation with this international release...iraq is now known as becoming the highest currency in the middle east as part of the GCC, it's rate should be the highest, way over Kuwait and the highest of all middle eastern countries...it is here and we know it, the rates are locked in in our banks, hopefully all the time buying is officially over and done with, we are in a second by second alert.
7-12-2012 Newshound Guru Adam Montana Iraq does have more natural resources and definitely should have a currency valued at or higher than a country like Egypt. That's another reason I'm hanging onto my IQD. [post 6 of 8...stay tuned!]
7-12-2012 Newshound/Intel Guru BGG it looks alot like Maliki and the NA is up to it’s normal tricks of delay and deny. Does this surprise anyone?? I know Talibani is in town, as were the other actors we have talked about. However, at this point – it would be a dream come true if the news articles about Talibani threatening to retire were true. That would move this process along soooooo much faster. With Al-Hashemi unable to fulfill the duties – the POR job would go to Najafi. We all know how much he likes Maliki. The “official request” for a NCV would take about 4 nanoseconds to get sent to the Speakers office.
7-12-2012 Newshound Guru Adam Montana I think Iraq is more concerned with Iraq than they are with the US. Will our elections have an impact? Absolutely yes! Will Iraq wait for the outcome? I doubt it. Iraq is focused on Iraq. When they are in the right position and their ducks are reasonable in place, that's when it will happen. [post 5 of 8...stay tuned!]
7-12-2012 Newshound Guru Med UNLESS THERE IS SOME MAJOR UPROAR MALIKI WILL SURVIVE AND IT HAS TO BE PUBLIC. HIS MEMBERS IN THE STATE ARE FANATICS AND I AM SURE THEY ARE ALL IN DEEP IN THE CORRUPTION, THEY HAVE TO BE YOU DONT BECOME A BILLIONARE IN 6 YRS WITH NO INVESTMENTS, NO MONEY TO INVEST...WHEN ALL ARE CORRUPT WHO MAKES HIM ACCOUNTABLE.
7-12-2012 Newshound Guru SWFloridaGuy Right now they are investigating the economic impact this currency reform project will have inside of Iraq. The feasibility of the project is being addressed by the Council of Ministers and the CBI. They are working toward removing all remaining obstacles. Preferably, the CBI will receive the approbative nod from the Council of Ministers. This coordination would promote a smooth transition and the success of the national project. Everything points to their plan (of which we are forced to speculate on and have no infallible confirmation), being accomplished in 2012.
7-12-2012 Intel Guru Bulldog75 THERE IS NOTHING HOLDING THIS BACK ON THE SURFACE. BEHIND THE CURTAIN IS A POWER STRUGGLE OF THE GOOD VS. BAD. [do you feel this is going to go through or to the weekend?] MY INTUITION SAYS NO. EXTREMELY OPTIMISTIC HERE. ITS A DEAD END STREET. NO TURNS. RIVER OF NO RETURN.
7-11-2012 Newshound Guru Adam Montana Every day we are seeing more and more articles about Iraq's progress and their determination to make improvements in their economy, government, and value of their currency. I'm not going to blow smoke up your butt and tell you that it's likely to happen tomorrow... but that doesn't mean it CAN'T happen tomorrow. It could, it might, or it might not. There is nothing set in concrete stopping it. [post 4 of 8...stay tuned!]
7-11-2012 Newshound Guru SWFloridaGuy They are attempting the most ambitious financial project in history and they are receiving a lot of help to accomplish this. The CBI is working in tandem with the Finance Committee and Council of Ministers, although under Law 56 of COA the CBI has the power to replace the currency without reference to the government. The Finance Committee released a statement saying that, "The central bank has the powers to replace a single currency without reference to the Council of Ministers." Jubouri also said that the central bank has the powers of the currency exchange alone, without reference to the cabinet which has the support of the Finance Committee under Law 56 for the Coalition Provisional Authority. Under the supervision of the Finance Commission, this authorizes the CBI on the management of the monetary policy. [post 2 of 3...stay tuned!]
7-11-2012 Intel Guru Bluwolf STILL NO INTEL AVAILABLE, ALL IS LIKE IT IS SUPPOSE TO BE SILENT. NO CHANGES, WE ARE STILL ON TRACK, NO DIRECT INFO AS OF YET, WE ARE STILL WAITING ON THAT CALL...THE RESULTS ARE AROUND THE CORNER.
7-11-2012 Newshound Guru Mike Beginning of the first of the year they were all ready moving forward with the deletion of the zeroes...At that particular time they got news from the IMF about their banking system - gave them a report saying we would really like to see these reforms take place in your banking system…Remember in the Future of Iraq Project one of the last things needing to be done was the development of the banking system. Over the last 3 months we have seen more movement in the development of the Banking System…Shabibi coming out and talking about the private sector and getting his banks healthy and ready for fractional banking…You don't do this if your currency is going to be worthless...they are doing this and acting like there is value to their currency already.
7-11-2012 Newshound/Intel Guru BGG "Currency exchange between rejection and acceptance" Well, well, well….this article seems to indicate the market conditions are good for the project to begin. It says the economy won’t be harmed and it will improve things. It also says that both currencies will exist in the market place at the same time…which would seem to “fly in the face” of a LOP scenario…JMHO
7-11-2012 Newshound Guru Adam Montana Best case scenario: We see a major rise in the value of the Iraqi Dinar, Iraq's economy is kick-started with a serious shot of jet fuel, and the ISX values outperform even the value of the rapidly strengthening Dinar. Quite honestly - this potential upside is what I love about being involved in the ISX and the IQD in general. Yes, there is a potential downside...but the upside possibilities are staggering and I am not going to simply ignore it. [post 3 of 8...stay tuned!]
7-11-2012 Intel Guru Blaino Additional confirmations this MORNING...Tracking appears to be holding... We remain at level 5 alert...Probably $4 range, simple exchange... Everyone WINS...pass stands [A pass is a time when an rv is essentially impossible], but it may commence 9am edt tuesday!
7-11-2012 Newshound Guru Adam Montana "worst case scenario". We see the dreaded (lop) bunny-ear, all of our cash values are reset to a neutral value, and we are forced to wait for the value to grow naturally. In this case, I'm looking at about 6 months before things really start to grow. After that 6 month period, I would expect to see MAJOR growth, giving me 2-3-4-5x my investment. Not what I am hoping for, but it's sure better than what my 401k has done over the last 5 years! [post 2 of 8...stay tuned for the best case scenario!]
7-11-2012 Newshound Guru SWFloridaGuy We see many processes working independently of each other, while still interrelated. The GOI continues to make progress toward Erbil implementation, permanent Ministers and the announcement of the Strategic Council, while the CBI and Finance Committee continue their studies and take preparatory steps that will ensure the success of the project. This really is the home stretch. [post 1 of 3...stay tuned!]
7-11-2012 Newshound Guru Mailman17 PALIAMENT IS TAKING THE CORRECT MEASURES TO WEED OUT AS MUCH AS THEY CAN AND BEGIN FRESH. IRAQ WILL SUCCEED. THEY WILL BE A FORCE. THEY WILL BE A RICH COUNTRY AND AS A BONUS...WE WILL RIDE THEIR COAT TAILS ALONG WITH EVERY INDUSTRIALIZED NATION THAT HAS THE FORSIGHT TO GET INVOLVED IN IRAQS PLAN. ALTHOUGH THIS WAS A HIGH RISK AND A VERY LENGTHY RIDE WE HAVE BEEN ON...PAYDAY IS ABOUT TO HIT.
7-11-2012 Newshound Guru Mailman17 IRAQ IS A SEED THAT WILL SLOWLY GROW INTO THE MIGHT OAK OF THE MIDDLE EAST. THAT IS WHY THE DINAR WAS PUT OUT FOR NOT ONLY US BUT COUNTRIES AS A RESERVE CURRENCY...IT ONLY MAKES IRAQ STRONGER DAY TO DAY AND YEAR TO YEAR. NOW IT IS TIME FOR THEM TO SHOW THEY CAN TAKE CARE OF CORRUPTION ON THEIR OWN AND THATS WHAT THE UN LOOKS AT, THE US, EUROPE AND YES...EVEN CHINA. THAT IS WHY WE WILL BE CASHING IN VERY SHORTLY BECAUSE IRAQ IS NOW READY...THE NEWS TELL US SO, SHABS TELLS US SO...ITS COMING PEEPS. [post 1 of 2...stay tuned!]
7-11-2012 Newshound Guru Adam Montana Shabibbi is implicated as head button-pusher (this is good!), they are starting to show weakness in their "resolve" to "delete the zeros" (this is good!) and the Chapter 7 issue is ready to buckle once and for all (this is also good!) The only bad news I have is that we still have to wait. [post 1 of 8...stay tuned!]
7-11-2012 Newshound Guru Med IF ONE WERE TO LOOK AT...THE BIG PICTURE SCENARIO, [MALIKI] DID MONOPOLIZE POWER. HE CONTROLLED THE MILITARY BY NOT APPOINTING ANYONE AND HIM BEING THE PROXY, SAME WITH THE SECURITY, HE IS THE PROXY FOR THAT, SAME WITH THE COUNCIL HE HEADS IT. NOW DOING THIS SHOWED HOW ONE MAN CAN STEAL 7 BILLION USD AND NOT BE HELD ACCOUNTABLE. BUT, SOMEHOW AN AUDIT SHOWED HE DID THIS WITHOUT APPROVAL AND I BELIEVE IT WAS THE INTEGRITY COMMISSION THAT FOUND IT OUT. 7 BILLION, THAT IS OVER TWICE WHAT IT COST TO PUT ELECTRICITY IN ALL OF IRAQ BY GE AND SEIMANS. I HOPE HE KEPT RECEIPTS. LOL
7-11-2012 Newshound Guru Mailman17 THE TRADE BANK HAS BEEN SET FOR A LONG TIME. ALL THE STATE BANKS ARE READY AND NOW THE LOCAL ONES ARE TOO. GO BACK IN TIME TO ALL THE THINGS THAT WERE DONE BUT FORGOTTEN BY MOST, ESPECIALLY CONCERNING THE BANKS THEN ADD IN…THE CBIS EXTENSIVE PROCEDURES AND THEN THROW IN A LITTLE CHEESE FOR FLAVORING AND YOU GET AN RV SANDWICH. BUT THE MAIN CONCERN IS STILL THE GOI AND MALIKI. THE FINANCE PART OF THIS IS DONE.
7-11-2012 Newshound Guru Breitling I completely agree with what Med's explanation "RIGHT NOW THE DINAR IS 1166 BUT THE NOMINAL VALUE IS .00086 AND SINCE CBI STATED THEY ARE REMOVING THE ZERO FROM THE NOMINAL VALUE OR THE THOUSANDTH, THIS IS WHERE THIS THOUSAND TO ONE KEEPS POPPING UP, THE DINAR IS RECOGNIZED IN THE THOUSANDTH THE USD IS NOT. BY REMOVING THE 3 ZERO'S OR THE THOUSANDTH POSITIONS THEY ARE NOW BROUGHT IN LINE WITH THE NOMINAL VALUE OF THE USD. NOW WHAT IT THE CONVERTED VALUE AFTER THE REMOVAL OF THE ZERO'S? 1.17 DINARS = 1 US DOLLAR OR .86 CENTS", that is how I see it. They are going to come in at a buck or completely ignor the new currency & new money supply & come in at a lower rate. We are at the mercy of the CBI. Print in September, distribute in January...just below a buck.
7-10-2012 Intel Guru SteveI With my involvement and listening to my sources, (actually in Iraq) the continued promotion towards a better Iraq and the increased value of their currency is real. You can believe or not believe, but this investment, if you let it play out, will be worth it.
7-10-2012 Intel Guru Blaino due to intel from 2 top govt sources HERE...One official there (goi) and 3 confirms, i'm issuing a pass till monday morning at 9am, eastern TIME...A pass is a time when an rv is essentially impossible...And the end of the pass doesn't mean "instant rv" EITHER...this is not my favorite NEWS...Keeping it real.
7-10-2012 Newshound Guru Mailman17 OF COURSE THERES THAT LITTLE THING CALLED THE RV...SHABS NEEDS NO ONES PERMISSION TO NOT ONLY RELEASE THE RATE BUT THE NEW BILLS AS WELL AND HE HAS ALL THE BLESSINGS HE NEEDS. SHABS HAS THE ARM, THE CONTROL, ALWAYS DID. WE ALREADY KNOW THE TAX/TARRIF WILL EFFECT SHABS. WE KNOW THE RATES COMING. WE KNOW THE NEW NOTES ARE COMING. SO NOW LETS SAY...MALIKI IS OUT, THE NEW GOI IS FORMED AND REAL QUICK. ISNT THAT WHAT SHABS HAS BEEN WAITING FOR ALL ALONG? WHATS STOPPING HIM FROM ACCELERATING HIS TIMELINE...INSTEAD OF JAN 1, ASAP...AS SOON AS HE IS SATISFIED ALL THE GOI LOOSE ENDS ARE TIED? WAS IT PLANNED?...IMO..YOU BETCHYA.
7-10-2012 Newshound Guru Kaperoni Parliament is back for a few days to pass some well needed laws (hopefully) before the beginning of Ramadan on July 20th.
7-10-2012 Intel Guru Soonerfan62 Will this happen tonight or tomorrow, who knows...now that we all know (well most) that we are there is very exciting to me...i promise you this ride is almost over.
7-10-2012 Intel/Newshound Guru Poppy3 This info came directly out of Iraq...Talabani is in Iraq and he and Alawi were part of the meeting today. Parliament is ready to put the ministers in place. National Conference will probably be Saturday or Sunday, this is not set yet but they are to decide on this, we are on the agenda. No ruling or action yet on Maliki.
7-10-2012 Newshound Guru SWFloridaGuy We all know the value in the IQD is still there. Iraq's wealth has only increased with the discovery of large amounts of gold and oil & mineral deposits since their currency was devalued due to a war strategy. We will never have a complete understanding of the plan but we do think political stability and inflation are key factors. The IMF and World Bank has continued to instruct the CBI on how to improve economic efficiency, correct abuses, implement policies and enter the next phase of their currency reform project. (Which we also hope to profit from). Although there are still many areas in need of improvement, Iraq has come a long way. When we have announcements of the Strategic Council, HCL and full Erbil implementation, the political environment may be stable enough to ensure the success of the project and the CBI will make their move. These of course are no more than my opinions, which may or may not be correct.
7-10-2012 Newshound Guru Randy Koonce Keep looking for the National meeting. Talabani did get back and they are voting today on the last ministers in parliament...Yeah, this is coming to an end.
7-10-2012 Newshound/Intel Guru BGG Alawi and Barzani are in or headed to Bagdad right now. We are headed to a solution. They're either cooking a deal or cookig Maliki. All the players are in the right place.
7-10-2012 Intel Guru Blaino The Final Days of the "Great dinar Ride!" Citizens, Dinarians and readers across the chat-o-sphere...we are STILL on "Launch Standby" for the orbital shot of the IQD!
7-10-2012 Newshound Guru Mailman17 I WOULDNT WANNA BE MALIKI RIGHT NOW GOING INTO THAT INTERROGATION...AS FAR AS THE COUNT GOES...ITS 124 GOING INTO THE ROOM AGAINST, WITH SADRS GROUP CASTING THEIR 40 AFTERWARDS AND I REALLY CANT SEE EVEN THE NA NOT GOING ALL IN AGAINST HIM. JUST CAUSE THE NO VOTE SEEMED STALLED DIDNT MEAN IT WAS PUT IN A DRAWER. IT WAS STILL GOING STRONG JUST NOT IN THE MEDIA LIKE MALIKI USES. WE SAID THEY MUST DO THIS BY THE BOOK AND FOLLOW THE RULES AS TO NOT GIVE HIM ANY WAY OUT DUE TO A MISSED STAGE.
7-10-2012 Newshound Guru Kaperoni Its been an amazing week with all the CBI articles. Iraqi citizens will be forced to turn their dinar into the banks which will not only force them to get bank accounts but also address counterfeiting. This is a process, not a single event. It's a collection of events. In order for the dinar to have value a series of events have to take place that complement each other. For example: The IQD cannot simply RV when they want to, it's not that simple.
7-10-2012 Newshound Guru SWFloridaGuy I do believe that Iraq will revalue. Will I ever be able to prove this? Of course not. If I was able to provide such luminous evidence of a RV that would eliminate all other possibilities, there would be a serious glitch in the process. I DO NOT believe in this constant barrage of "second to second" hype with ridiculously high rates, but if Shabibi's goal is to establish credibility, eventually be respected as a borrower and prime location for private investment in the eyes of global capital markets, then I would expect a RV at some level. The powerful governments, corporations and central banks that have invested so heavily in Iraq's reconstruction, debt forgiveness, technology sharing and bank revitalization, would have never done this unless they planned on being heavily compensated. [post 6 of 7...stay tuned!]
7-10-2012 Newshound/Intel Guru ArizonaHeat we all focus on Iraq and china with vietnam so much, we all seem to miss so much other financial news and meeting going on that have everything to do with the final outcome...the situation is still moving forward, but nothing at the banks as of yet.
7-10-2012 Newshound Guru SWFloridaGuy Many will say, "what about Kuwait, they RVd just like we want the IQD to." That's just not true. Kuwait never revalued their currency. The central bank did not change the rate. Saddam outlawed the Kuwaiti dinar and it fell in value. He told people to trade in their Kuwaiti dinar for Iraqi dinar before Oct. 6, 1990. When the U.S. stepped in, the value did again rise. This was not due to the bank changing the rate but rather the black market, similar to what Saddam did with the dinar in the late 80s. The Kuwait Central Bank never adjusted the rate below 3 dollars. They were occupied by Iraq and business was halted. Seven months later when Kuwait was back on their feet, they redenominated with the previous exchange rate. Actually, this was neither a RI or RD, by the true definition. This was a unique circumstance due to the invasion. Their currency was not adjusted due to sanctions like Iraq. [post 5 of 7...stay tuned!]
7-10-2012 Newshound Guru Med A REVALUE IS THE SAME AS A VALUATION OR THE SAME IN THIS CASE AS REMOVING THE ZERO'S ANY AMOUNT FROM THE NOMINAL VALUE. WHAT IS THE NOMINAL VALUE? THE NOMINAL VALUE IS WHAT IS USED WHEN COMPARING ANY CURRENCY AGAINST THE USD. RIGHT NOW THE DINAR IS 1166 BUT THE NOMINAL VALUE IS .00086 AND SINCE CBI STATED THEY ARE REMOVING THE ZERO FROM THE NOMINAL VALUE OR THE THOUSANDTH, THIS IS WHERE THIS THOUSAND TO ONE KEEPS POPPING UP, THE DINAR IS RECOGNIZED IN THE THOUSANDTH THE USD IS NOT. BY REMOVING THE 3 ZERO'S OR THE THOUSANDTH POSITIONS THEY ARE NOW BROUGHT IN LINE WITH THE NOMINAL VALUE OF THE USD. NOW WHAT IS THE CONVERTED VALUE AFTER THE REMOVAL OF THE ZERO'S? 1.17 DINARS = 1 USDOLLAR OR .86 CENTS. FORGET THE WORDS RV.