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Official Central Bank of Iraq (CBI) Dinar Rate:
1184 IQD to 1 USD
Dinar Market Rate:(CBI last reported May 21, 2018)
1200 IQD to 1 USD
Rates Are Within IMF 2% Rule: YES
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5-21-2018 Newshound/Intel Guru Mnt Goat I told everyone that if I make a mistake I will be the first to admit it openly and freely. So now I am stating that I may have made a mistake on the ending date of the MCP (90 day) audit monitoring by the IMF. What I have learned is that the MCP monitoring did occur but it is not ending until June not the end of March. So the start date I heard was off mid-March which was actually the start date. The date was technically not moved but the process was “restarted” again due to violations. The previous time period the IMF did begin monitoring process however they encountered a violation and has to start the clock all over again. That clock started in mid March. It was not easy to get real-time information on this topic and it was confusing at first. It was finally sorted out. I know this sounds phony and fake news but I assure you this is occurring and is confirmed.
5-21-2018 Newshound/Intel Guru Mnt Goat Just in on Sunday morning - MOQTADA AL-SADR, AGREED TO GIVE PRIME MINISTER HAIDER ABADI A SECOND TERM, DURING THE MEETING THEY HAD JUST GATHERED IN BAGHDAD. ...Folks this is really happening. The unexpected miracle already did happen with the Sadar Movement (the underdogs) having won the popular vote...So for our investment these recent events are all very good and the news could not possibly get any better than if they did announce the RV. But they didn’t however we know it is coming shortly and sooner than you might think... [post 2 of 2]
5-21-2018 Newshound/Intel Guru Mnt Goat The Independent High Electoral Commission announced Saturday the results of the final elections of parliament. We know that Nori al-Malaki is contesting the voting process and demands a recount. The electoral commission has said there is no reason for it and the judiciary has ruled also in favor of the same. So, I do not believe there will be a recount. Remember: 1. the judiciary still has to ratify these results from the electoral commission and so this is part of the 90 day timeline too. 2. The new Parliament members must also be sworn in on the first session of the new Parliament expected to take place on June 1st. So the Sadr Movement had to submit its candidate to lead the country as prime minister shortly afterwards. 3. Parliament must ratify this candidate (give its approval) then the prime minister will have 30 days to put the new government together once this clock starts to tick. Got a total of 90 days to complete this entire process. [post 1 of 2....stay tuned]
5-21-2018 Newshound Guru Kaperoni The truth is MCP has nothing to do with dual currencies, or using one currency over another, it has to do with a spread that exists of more than 2% between the Official Rate and Market Rate. In the case of Iraq, they are currently meeting that requirement hoping to fulfill the 3 month condition. About 28 days to go. The fact is, Iraq will always have more than one currency in the country. They will have dinar as the official currency of Iraq and dollars as a currency that comes in from oil sales.
5-21-2018 Newshound Guru MilitiaMan ...we had articles out on 05/09/2018 saying they were having to put off travelers for the Hajj, as the banks in the Iranian region had no currency infrastructure to accommodate the people, yet, today we learn they will be using IQD by this coming Tuesday in that region...Now, if one thinks about it there has been ample time to gear for this to be initiated. The very last of the process may take hours to a few days, but, it is now presently after elections, thus, the process is said to be un-abating, therefore logic suggests the timing is very powerful going forward now.. imo. [post 2 of 2]
5-21-2018 Newshound Guru MilitiaMan Article: "IRANIAN CONSULATES IN IRAQ REPLACE THE DOLLAR WITH DINAR IN ITS DEALING" There is effectively one thing we wait for and that is the RI to complete the process that is underway, imo. That process as of today is proceeding just fine, as we see the very recent call for ceasing of the Multi Currency Practices (MCPs) which is an IMF mandate, whereby now, Iran has given the order to her embassies to cease using the Dollar and use Dinar only. It apparently stems from the USA sanctions imposed on 05/08/2018 in this instance anyway. imo [post 1 of 2....stay tuned]
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5-20-2018 *** Dinar Guru News Election Update *** The election votes are "officially" in. 1st place- Al-Sadr's Block won 54 seats. 2nd place - Hadi al-Amiri's Block (widely considered the Iran block) won 47 seats. 3rd place - PM Abadi's Block won 42 seats. It was a close race with no majority, so a consensus must be made to decide the next Prime Minister. Quote "Al-Sadr himself cannot become prime minister as he did not run in the election.." As several gurus have stated, negotiations between the blocks is underway to compromise on the next Prime Minister. Former PM Maliki's group came in a distant 4th place with twenty something seats. The latest guru updates will continue below...
5-20-2018 Newshound/Intel Guru BGG Folks are constantly wanting a “run down” on where we’re at in this investment…Unfortunately, this is a tough call. ...For instance, until late last night, we were still waiting for the real results to be published by the IHEC. Up until then, everything was speculation. Will Sadr have a much bigger hand in the next GOI? Highly likely. Is he the overall winner? Now we know for sure… but he still needs help. He needs a legitimate coalition. Will Abadi be in the next GOI? Also highly likely. Will he remain as the next PM? Maybe, maybe not. You get what I’m saying. Let this thing play out a little bit... My bet? We have a couple of twists and turns coming real soon. So relax… and even if Abadi isn’t the next PM – RELAX. He may not be the best thing for Iraq’s future. Since you are betting on Iraq and their economy, you want the best for them. As do I.
5-20-2018 Intel Guru Dr. Clarke Followed Up immediately, maybe Sunday the 27th or so, with an OFFICIAL & PUBLIC Substantial Increase in the Dinar, IN THE MONTH OF MAY. Not JUNE, or ANY MONTH THEREAFTER. In, “MAY 2018”. The ONLY thing we’ve ever said about JUNE, is that we are Planning & Choosing to EXCHANGE in the Month of JUNE - Earlier than Later. To make it SIMPLE, this is how we “SEE” it: The NEW, substantially increased Rate (Re-Valued), is Printed PUBLICLY, by the CBI: “MAY 2018” (Latter Days 25-31st) We Plan & Choose, to Exchange in JUNE - Earlier than Later. (Actually, we really really like the 27th & 28th for some reason...and even the 24th possibility, because the 24th, we expect something Very Important to come out.) “IN ANY EVENT - MAY 2018” P.S. HOUSTON, this is NOT a Drill! “THERE ARE NO GUARANTEES IN LIFE. NONE.” We’re EXCITED NOW... [post 3 of 3]
5-20-2018 Intel Guru Dr. Clarke ...You & EVERYONE on the Internet, only “SEE”, what’s printed in the articles coming out, AND thus make all these determinations, based on “VERY LIMITED VISION”. WE’VE BEEN SAYING, “MAY 2018”, since back in our April 4, 2018 POST - FOR A GOOD GOOD REASON! Then, we narrowed it down Even Further, just 4 Days ago in our 5-16-18 POST, by pointing out the Dates of “MAY 25 - 31st, 2018”. TODAY, without going into Detail, we can say this: “If you don’t already have all your Paperwork READY, you better get on it...NOW...We mean get on it, TODAY!” RAMADAN, Tis the Season! We fully expect, just ANY DAY NOW, some very Misleading, Diversionary, “FALSE FLAG “ information to come out in Iraq, in Opposition to an RV...probably between TODAY, and MAY 26th (This Saturday)..."Blow it Off". [post 2 of 3....stay tuned]
5-20-2018 Intel Guru Dr. Clarke This partnership was PLANNED, months ago...
...for Abadi to NOT push an RV BEFORE the Election - But AFTER.
...for Abadi to NOT campaign vigorously, for Re-election.
...for Sadr to “Make it Look Like” a “FORCED RV”, from “God”, for the CBI to move, AFTER the election, once Sadr Publicly picked his PM (Abadi).
* IMPORTANT - (The WORLD will Like & Approve of this, NOW, in this Way.”...especially the RV. [post 1 of 3....stay tuned]
5-20-2018 Intel Guru Frank26 Article: “Abadi meets Sadr in Baghdad .. and confirm the speed in forming the government” YUUUUUUUUUUUUUUP ... (big Grin)... NO WORRIES ABOUT MOSUL ... NO WORRIES ABOUT CH 7 ... NO WORRIES ABOUT THE KURDS ... AND NO WORRIES ABOUT THE ELECTIONS ...
5-20-2018 Newshound Guru Kaperoni There is an interesting article out today that Abadi does not want to be PM for a second term. Some think it's bogus or it could be he does not want to be the one chasing the corrupt. We shall see. There is also an interesting article about the UN and Iraq. It implies that if the US does not get the government it seeks in Iraq it could ask the UNSC to put Iraq back under UN Chapter 7.
5-20-2018 Newshound/Intel Guru BGG Article: "Source reveals the meeting of Abadi and Sadr .. conditional Second Term!" real question is… will Abadi agree? Can he? We’re about to see what’s what…
5-20-2018 Intel Guru Frank26 [via sunny] ...Maliki’s party is contesting the election. A lot of jockeying for power right now in Iraq...Yes, we have a "hiccup" but this will be settled...Last time of the elections, this same thing occurred but the USA told Maliki to stand down. ...Sadr, as far as I’m concerned won. He wants an "all inclusive government" and that's called a democracy. Maliki wants a dictatorship. And that’s not going to happen on Abadi’s watch, Sadr’s watch, Donald Trump’s watch! No! Maliki is dealing with President Donald Trump... Trump will not allow money and oil to be stolen again. The election is on one road and the RI is on another. Iran's banks were just sanctioned and Iraq’s banks would not allow them to participate in their auctions. Corruption needs to be removed to bring you the “suitable conditions” for the RI of the Iraqi dinar...
5-20-2018 Newshound Guru Kaperoni People won't seem to let go of some random act (RV, RI)... I assure you nothing is random in monetary policy. If the dinar is ever going to rise in value, it will be as a result of inflationary pressure created through the CBI's Capital Account. That pressure is created by investors bringing money to Iraq to invest in the economy and rebuild Iraq. These go hand in hand. So what we need is a solid banking system (which they have been working on - which includes Article VIII), a solid government, and laws to support investors (many are passed). If they do these things, investors will come to Iraq.