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Official Central Bank of Iraq (CBI) Dinar Rate:
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1-19-2018 Newshound Guru mike Article: "The House of Representatives is preparing to vote on a bill to create a "new Parliamentary Union" Quote: "...seeks to defend the moral and material rights of members, reveals that this law opens a big door to protect any of the defendants in corruption cases and the form of legal stipulated in the Official Gazette, as well as for the protection of the rights of members mentioned and defend them if exposed..." Apparently Abadi's threats of going after those who are corrupt are spooking these guys, they're trying to pass a law that protects the "rights" of those accused. This is why things are moving so slowly in Iraq, the ruling elite are the most corrupt and now they're trying to legislate corruption...
1-19-2018 Intel Gurus Frank26 and Delta CREDIT BANK OF IRAQ: With Automated Teller Machines (ATMs) you have access to your funds from many convenient locations across Iraq and all over the world 24 hours a day, 7 days a week. (wink). GURU WALKINGSTICK TOLD YOU ALL ABOUT THIS TO COME...!!! FOR THE FOOTSTEPS...ARE SOUNDING LOUDER AND CLOSER.
1-19-2018 Newshound Guru G-Lin Article: "The House of Representatives is preparing to vote on a law to create a "new parliamentary union" Quote: "the parliament is in the process of enacting a new law that includes the establishment of a new union that includes members of the Governing Council, members of the Council, members of the National Assembly and members of the House of Representatives," Good grief. They wrote themselves a little "get out of jail free" law. This is a bit shocking. I hope ICC supercedes this b.s.
1-19-2018 Intel Guru Bruce ...we also understood today that the Forex is going through testing with US and Asia, with US and Africa, and I believe this has to do taking the Forex from the Swift system that it has been on and putting it on the new Fentech System which is tied to the Cipps System, the new super commuter satellite that system is on. That additional testing today...may continue for another day to day and half until that is complete. However, my understanding is we may be able to begin exchanges even if the Forex is not completely set and ready to go. Maybe this needs to occur before we have viable rates on the screens so we can exchange. This is ready to go. We just don’t have the exact day or hour. [post 3 of 3]
1-19-2018 Intel Guru Bruce The other thing we heard regarding Iraq was one of their banks, Rafidain bank, is working with a relationship with Citibank to issue new credit, debit cards or Qi cards. Some new Citibank cards were to be issued to dual citizens of Iraqi and America today. They were supposed to...reflect a much higher spending rate or to have the greater ability to spend based on 7 to 8 times than they were seeing before...and that is due to a rate increase. We are waiting to see in fact that has happened. We have not confirmed it. [post 2 of 3....stay tuned]
1-19-2018 Intel Guru Bruce ...we still have a blackout in Iraq right now...Information blackout. We know they had a rate tradable on the Forex. We know several traders who are working with certain exchanges trading that. First as futures and preloads, now it is as currencies. We know the rate was being trading up as of yesterday and was being traded up and all of a sudden it went on hold in that particular trading platform. I do not know why other than maybe they are getting ready to make a rate change or syncing some systems together, not really sure. [post 1 of 3....stay tuned]
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1-18-2018 Newshound/Intel Guru Mnt Goat I believe we have 13 days for the US Treasury to complete their part of the re-instatement process. This must be done in order for the CBI to go forward with their next step. There are so many...reasons we...have read about as to the need to re-instate the currency such as trading partner’s need to trade in middle eastern currencies and not US dollars. ...we are hearing rumblings from the US govt on the funneling of dollars to terrorist organizations thru the currency auctions. Well…there is a solution to the problem - it is to shut down the auctions. But if they do this they must re-instate the currency and thus allow them to pay the foreign debtors with dinars and not US dollars.
1-18-2018 Newshound Guru mike Articles: "Sunday .. the heads of blocs hold a meeting to discuss the budget and elections" "Kurdish blocs decide to boycott all parliamentary sessions related to the budget" Complete lack of cooperation, nothing's changed. The Shia want the election's held on time but the Sunni's are opposed, millions of their constituents are living in camps for the displaced. The budget's hang up is not with just the Kurd's, there are also concerns with how much the GOI is reducing pay for the government workers and other cost saving measures the IMF/WB have put on them for the loans they're receiving. Hopefully they get this sorted out quickly.
1-18-2018 Newshound/Intel Guru Mnt Goat Whenever the CBI targeted a re-instatement in the past (2011, 2013, 2016 and 2017) it was always in January, with a massive educational campaign just prior to the scheduled event. I have confirmation that the CBI fully intends to educate the citizens in Iraq prior to the re-instatement. I have just heard from the CBI on Jan 16th...That they have already written statements for the news media and are waiting on the US to go ahead with the next step of the re-instatement process. The CBI also told me on Jan 16th that a main news broadcast will give us an overview of the intended “next step” of the process and will be followed up with a deluge of other more detailed articles. In the articles they will tell the citizens what they need to know for this transition. Knowing all this information what would you think is about to happen? [post 2 of 2]
1-18-2018 Newshound/Intel Guru Mnt Goat List of known FACTS: In late December Iraq was finally released “fully” from Chapter VII sanctions. Being released “fully” from sanctions enables Iraq to be a stand-alone sovereign nation once again. Being a sovereign nation allowed Iraq to request the re-instatement of the Iraqi dinar. In late December the CBI requested the re-instatement of the Iraqi dinar. In later December the CBI coordinated with the US Treasury to roll out the process to the international exchanges (and other files and needed data). We have read that the Iraqi fiscal year ends Dec 15th. Whenever the CBI initiated any rate change (to the program rate) it was always done in January. [post 1 of 2....stay tuned]
1-18-2018 Intel Guru RayRen98 [Among what we all seek what would you say brings you the highest confidence we will be exchanging soon...?] CBI, rumors from the UST and BIS, new rates showing up… all that gives me more confidence.
1-18-2018 Newshound Guru Kaperoni Article: "Arab Monetary looking the role of the "exchange rate policy" in reducing inflation" Quote: "The course focuses on the basics of different exchange rates systems analysis, and how to read the international currency and exchange rates , market indices axes, as well as ways of determining the adequacy of foreign reserves for the states, as well as the relationship between the exchange rate policy and macroeconomic policies, and to discuss common problems in the exchange rate policies , the fundamental shift from a fixed exchange rate to the flexible data and indicators of currency crises within the framework of the early warning system." yes, time for a more flexible exchange rate policy.