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4-26-2015 Intel/Newshound Guru Poppy3 [I heard from a company that deals in bonds that the holdup with th RV is due to the US vetoing the votes at the UN and IMF to allow the RV. Can you comment on that?] THAT STATEMENT IS TOTALLY AGAINST WHAT OUR UST AND THE WORLD BANK AND IMF TOLD IRAQ ON THEIR VISIT. THEY ARE FULLY BEHIND IRAQ GETTING REFORM DONE .
4-26-2015 Newshound/Intel Guru BGG ...I believe we are as close - right now - as we ever have been....that is my honest opinion (and nothing more)...too many financial moves being made in Iraq - ie "smoke" - for there not to be some fire. I don't care what number it starts at - let's just get started!! having spoken with some very learned economists - if it does start low - it won't be long before it's right were it belongs.
4-26-2015 Newshound Guru Millionday [I heard from a company that deals in bonds that the holdup with th RV is due to the US vetoing the votes at the UN and IMF to allow the RV. Can you comment on that?] I DONT KNOW ABOUT THE VETO...BECAUSE I HAVE NO INK ON IT BUT THE REPORT...WITH COMMENTS FROM SALEH LEADS US TO BELIEVE WITH THE MANY FROM THE US DUE TO THE WASHINGTON VISIT ARE MAKING CONTRACT BIDS THAT ARE BEING CONSIDERED RIGHT NOW FOR THE ACTIVATION OF THE SFA -- THAT IS VERY ENCOURAGING DUE TO THE CONTENT OF THAT AGREEMENT AND ITS APPLICATION TO THE MARKET ECONOMY GOAL OF IRAQ. ALSO THE LAW BEING WORKED ON FOR THE SFA IS GREAT NEWS AND WOULD NOT IMPLY ANY SORT OF VETO FROM ANYONE OR MAKE ANY SENSE BUT I HAVE NOT SEEN INK.
4-26-2015 Newshound Guru wmawhite [whats your take on the "float from 1166" theory?] Never will happen...why start selling your country for $0.00086 per share? ...open the entire country up via the ISX at $0.00086 then Iraq gives away their country...we are being told day after day of what we want to hear. The CBI, GOI and others are telling us what their plans are. Again, they want the world to invest in their country. Does anybody believe that they will sell their country to the world at $0.00086 per share? I don't! IMO, the IQD already has a much greater value than 1166 and that is why the CBI will release it at a value greater than 1166. IMO, it will be released at a value that will bring the costs of imported goods down substantially. The immediate lowering of the costs of goods will spark spending by the citizens ...something they haven't had in many years. ...we have reason to believe that they are very close to the end of the process of introducing the IQD back into the world currency markets.
4-26-2015 Intel/Newshound Guru tman23 Abadi back in January asked the citizens to be patient until June... This was in regards to back pay and raises that are to be retroactive back to January 2014. That being said...These citizens are EXPECTING back pay including the raises which are at the least 400,000 IQD per month. This has not gone away as citizens keep inquiring and are told the "State is not Bankrupt" and to remain patient. Then Abadi announced a few days ago that starting July all payments will be made on time. So YES it appears June may be a strong month...very strong!
4-26-2015 Newshound/Intel Guru Bluedog MANY THINGS HAVE TO BE IN PLACE...AS THE BASKET OF LAWS... THIS COUNTRY HAS STARTING OVER...THEY ARE VERY READY AS THEY HAVE WORKED ALMOST CONTINUALLY LIKE WORK HORSES SINCE LAST YEAR.
4-26-2015 Newshound Guru Millionday Article quote: "The President of the Republic Fuad Masum that "achieved victories against the terrorist organization Daash create an atmosphere appropriate for national reconciliation and justice to the oppressed and to prevent dictatorship and monopolize power." THIS SPEECH WAS MADE TO THE PUBLIC BY PRESIDENT MASUM CLAIMING THAT THE COUNTRY HAS ACHIEVED VICTORIES THAT CREATE ATMOSPHERE FOR THE NATIONAL RECONCILIATION CONFERENCE -- WHOOOPOW -- WE HAVE SEEN PREPARATIONS FOR THE IMF FUND AND NOW THE ANNOUNCEMENT OF AN ATMOSPHERE FOR NATIONAL RECONCILIATION --- WHOOOPOW. [post 2 of 2]
4-26-2015 Newshoung Guru Millionday Article quote: "Commission revealed the economy and investment parliamentary Saturday, its intention to submit a proposal law establishing a sovereign wealth fund to attract investment in Iraq, while showed that this fund will be linked to the International Monetary Fund to give guarantees to investors." THE FACT THAT THEY ARE ESTABLISHING THIS AS LAW SHOWS US THAT THE FUND IS GOING TO BE SET UP WITH THE IMF OR THEY WOULD NOT BE TO THIS STEP -- THE FUND ITSELF IS FOR THE STABILIZATION. IT SEEMS AS THOUGH THE CONTRACTS ETC...AND THE MANY INVESTORS MAY CAUSE AN IMMEDIATE NEED FOR THE FUND...THE DEVELOPMENT IS GOING TO BRING IN HUGE FOREIGN CURRENCY EXCHANGES WE WOULD ASSUME. ...INTERNATIONAL INVESTORS AND THE EXCHANGE AT PORTS AND THE EXCHANGE AT AIRPORTS AND THE FUND CALCULATIONS WOULD LEAD YOU TO BELIEVE THEY ALSO NEED TO HAVE AN INTERNATIONALLY ACCEPTED CURRENCY... WHOOOPOW. [post 1 of 2....stay tuned]
4-26-2015 Newshound Guru Enorrste I misspoke in saying that it would be $1 to 1 dinar when the notes are issued. [reference Enorrste's post 4-25-2015] What I meant to say is that WHEN it gets to $1 per dinar then these notes would be worth $50 and $100 respectively as Saleh said in 2011. The error is mine. ...the smaller notes will come out as needed, as the value rises. Since a 25000 note will be worth $2500 at 10 cents per dinar it is clear that the removal of the large notes will occur even before then. This means that the smaller notes, including the 50 and 100 talked...will have to come out well before $1 per dinar, and probably as low as 10 cents per dinar, when they would be worth $5 and $10 each. Then they would rise to an "eventual" value of $50 or $100 according to Saleh. Of course we believe it will go even higher eventually.
4-26-2015 Newshound Guru Millionday Article quote: "Commission revealed the economy and investment parliamentary Saturday, its intention to submit a proposal law establishing a sovereign wealth fund to attract investment in Iraq, while showed that this fund will be linked to the International Monetary Fund to give guarantees to investors." THIS IS THE CONNECTION TO THE IMF FOR INTERNATIONAL INVESTMENT -- THIS IS A FUND THAT IS USED IN MULTIPLE COUNTRIES AND OBVIOUSLY HAS NOT BEEN NEEDED IN IRAQ. THIS IS A STEP SOME HAVE BEEN WAITING FOR SO THIS SUBMISSION IS SOMETHING SOME WILL BE VERY HAPPY ABOUT... THIS IS REALLY HUGE...
4-26-2015 Intel/Newshound Guru Backdoc [Are we now waiting until October for the RV?] Terminology: IR INDEPENDENT RATE; RI REINSTATEMENT; RV. REVALUATION. MY UNDERSTANDING IS A CURRENCY MUST BE REINSTATED AND LOCKED IN WITHIN 90 DAYS. ONCE THAT IS IN PLACE A REVAL IS POSSIBLE AT ANY TIME PER [GURU] EAGLE ONE. WE ALL EXPECT A REINSTATEMENT SOON DONT WE? AN RV IN JUST MY OWN CRAZY OPINION MAY BE LIKELY LATER IN EARLY FALL. IMHO. 4-25-2015 Intel/Newshound Guru Poppy3 WOW! ALL NEWS FROM BAGDAD IS VERY POSITIVE AND ENCOURAGING. HEARD LATE LAST NIGHT THAT THE CITIZENS ARE EXCITED AND WERE TOLD LAST WEEK TWICE THEIR CARDS WOULD BE CHARGED WITH CURRENCY ON NEW HIGHER RATE ASAP. THEY SAID IT IS SUPPOSED TO HAVE ALREADY HAPPENED BUT THAT THERE WERE DETAILS THAT WERE THOUGHT TO HAVE BEEN COMPLETED THAT THEY FOUND STILL HAVE MINOR ISSUES TO BE CORRECTED ...AND THAT ON THURSDAY ABADI ANNOUNCED THAT HE WAS CANCELLING ALL TIME OFF TILL THE GOI COMPLETED ALL THEIR DETAILS NEEDED BEFORE ANYONE WOULD GET TIME OFF FOR ANY REASON. PEOPLE ARE VERY EXCITED AND KNOW ABADI IS SHOWING THE PEOPLE HE IS A GOOD LEADER . HE HAS AND IS WINNING THE PUBLIC'S RESPECT. THIS REPORT SHOULD BE VERY ENCOURAGING FOR ALL OF US. PENDING ANY UNFORESEEN PROBLEMS NEW RATE CAN POP AT ANYTIME.
4-25-2015 Newshound Guru Enorrste [reference Enorrste's post 4-26-2015 for update on this post] Article quote: "the Central Bank of Iraq continues to work for the issuance of two new categories of currency fifty-two thousand and one hundred thousand dinars, "noting that" the central bank has taken the necessary preparations for it." KAP [Guru Kaperoni] ...pointed me back to the 2011 article...in which Saleh clearly states that the use of the phrase "50000" and "100000" dinars actually refers to the "value" in today's dinars (about $50 and $100) that these new notes will have once issued. The notes themselves, however, will have the zeros removed, as Saleh stated, meaning that what will actually be printed will be 50 dinar and 100 dinar notes, worth about $50 and $100 respectively when they are issued. In other words, the CBI is expecting to issue these newer notes after the dinar rises to about $1 to 1 dinar in value. Overall, this is a great article, because it is saying clearly that the "preparations" are in place and that the "plan" is underfoot. All good news!
4-25-2015 Intel Guru Mnt Goat we are moving closer and closer to a June timeframe with much optimism...there is a close at hand future timeframe coming to us when we will see this revaluation. It is coming soon and it MUST happen. The Iraqi RV will be a final event that will turn the page on the entire middle eastern region. Yes – it is now not just about Iraq or saving the global economy but about an entire middle eastern regional event. I want to also state and stand my ground. Maliki must be dealt with prior to any peace in Iraq and any RV!
4-25-2015 Newshound/Intel Guru BGG ...there is an extraordinary amount of "financial mechanations" going on in Iraq as follow-up to Abadi's DC trip... I will say Abadi came home with all the prizes... he left nothing on the table...respect, money, aid, credibility, good PR - he got it all...after all we have seen - it is hard to jump to early conclusions, but he does appear to be getting the job done.
4-25-2015 Newshounds Guru Millionday Article quote: "Announced by National Forces Alliance victory for al-Jubouri Cancel House of Representatives legislative holiday for its members for the month of May with a view to the next important laws..." HOLIDAYS ARE CANCELLED FOR THE MONTH OF MAY TO VOTE IN THE IMPORTANT LAWS. Article quote: "Jubouri also demanded the adoption of important laws...as the law of the Federal Court and the law of parties, and the law of oil and gas in addition to the National Guard Law." THE HCL IS ONE OF THE LAWS THEY ARE GOING TO BE CANCELLING HOLIDAY TO COMPLETE.
4-25-2015 Intel Guru DC Absolutely should have gone Monday night. A lot of promises have been made for the next four days. Everything on the edge. Everyone planning for it. We are very, very close again.
4-25-2015 Intel Guru TerryK GOT A FEW CALLS TODAY...SOME OF THEM TELLING ME...MON TUESDAY THIS COMING WEEK...OTHERS SAYING FRIDAY NEXT WEEK AS THE DEADLINE FOR 50 DINAR NOTES IS DUE AND THEY WILL MOVE AFTER THEY ARE NO LONGER GOOD...TAKING THOSE BILLIONS OUT OF CIRCULATION...THEN HERE IS ANOTHER LITTLE TID BIT I HEARD...THEY MAY DO THE SAME WITH THE 250 NOTES AND GIVE THAT 60 DAYS AS WELL. IF THAT HAPPENS THEN THAT WILL PUSH WINDOW OUT FURTHER.
4-25-2014 Intel Guru TD ...The IMF is providing emergency assistance as recently announced. The Kurds are getting loans from Turkey . Prices of goods are under inflationary pressures . Make no mistake about it the declining oil prices are hitting their coffers hard. Abadi is asking for help from anyone who will listen to him but many are just not listening . Bottom line : Iraq not only has its military challenges with ISIS but also is in a financial mess . Before any real international confidence of foreign capital is viable, it's own citizens must have the confidence and "believe" in the viability of the internal banking system and STILL Iraqis are skeptical of its own banks. All this equates to months of sorting out paths to get out of deep holes. It is therefore "wild speculation" to think Iraq can ( in the foreseeable future) regroup fast enough to execute any serious monetary reforms and enter the international arena with a stable, sustainable and increased rate of it's currency rate to compete in direct proportion ( peg) to other major currencies of the world . 4-24-2015 Intel Guru TNT Tony The good news is everything is moving forward. Everyone is feeling the pressure…from governments, from the people of Iraq. We are hearing from the citizens themselves. Our understanding is over the weekend or first of next week. We are expecting it. Everyone is on the highest of alerts.
4-24-2015 Newshound Guru Adam Montana I don't think there's another currency with this kind of potential. We're in a once in a lifetime situation. Actually, a once in EVER situation. Fortunes will be made, lost, squandered, multiplied, donated, ignored... this is an amazing time. I'm so happy and blessed to even be a part of it! I have 100% proof that big money is [invested] in IQD…Follow the money, my friends! We are getting close.
4-24-2015 Newshound Guru Kaperoni Article quote: “head of the parliamentary bloc behind Abdul Samad behind, on Thursday, a decision Customs Directorate of the southern region, the private activated the tariff law in all centers and ports, which oversees them.” Of course prices go up with tariffs! This is exactly why the CBI cannot sit still and do nothing
4-24-2015 Newshound Guru tlm724 Article quote: "special private banks urged to find partnerships with international banks to create investment opportunities and operation of labor," in addition to "educate citizens to deposit their money in banks.” there have been so many articles and statements from the Private Banking Assocation lately, they have been screaming for help and inclusion in the banking sector and now they have it…it proves they are serious about the economic reform ! …these are the moves that will bring about a strong financial system in Iraq and with that strength comes the courage and confidence to go forward with the currency reform !!! NO doubt about it and this is just what the doctor ordered !! ( Dr. Shabibi that is ! )
4-24-2015 Newshound Guru Breitling …they are going to add value to the currency. Why would they put laws into place where Iraq is interacting with other countries when their currency is at a tenth of a penny? There's no need! That's why you and I are speculating...we're getting in at the streets are bloody level…it doesn't sound pretty but that's when we got in…that's when you're supposed to…at the end of a war or right in the middle of a war. They are getting to the level where countries are going to start participating. It's a big deal to hand out bonds like this cause you have to guarantee them...
4-24-2015 Newshound Guru Breitling [Why bonds in dollars would lead us to believe they are about to raise the value of the dinar?] This is a very important subject. 1. The CBI is trying to suck up the US dollars in Iraq and that has to do with competition within Iraq itself…If they are not using the Dinar they are using the dollar. As long as there are a certain amount of dollars in the economy that destroys the velocity of the dinar. So they simply want to soak it up. It's very simple. 2. They also want to get Foreign investors in Iraq. And they want to take those Dollars and put it into their foreign currency account…so they can back up what? The dinar and the value of the dinar going up. It's actually a beautiful plan. They are taking the plays from the playbook of Japan and Germany…it's no coincidence they have these banking laws coming up…they want to have control of the imports and the exports and that's why there is banking laws and tariffs and all these new laws they are putting in place…it means 1 thing…[Post 1 of 2 stay tuned for the rest of the story]
4-24-2015 Intel Guru Jester THERE IS A LOT OF POSITIVE EXPECTATIONS RIGHT NOW...THINGS ARE CREEPING EVER SO SLIGHTLY THE RIGHT DIRECTION...IT IS ONLY A MATTER OF TIME...DO NOT BE CONCERNED THAT IT IS NOT GOING TO HAPPEN...IT IS HAPPENING.
4-24-2015 Newshound Guru Kaperoni Article quote: “Iraq agreed at the closing of his talks with the International Monetary Fund, the Fund to provide emergency financial assistance within the government's plans to reduce public expenditure.” Iraq does seem to be creating the perfect storm for currency reform...higher prices in the markets, loans, investment agreements, low oil prices, delayed wages and salaries,etc. It would seems something has to give soon. 4-23-2015 Newshound Guru FrostyTheSnowman Get excited! IMO ... these "50's" aren't expiring just because the CBI wants to look busy.
4-23-2015 Intel Guru Frank26 Article quote: “Directorate decided Comerk southern region, activation of the customs tariff in all centers and ports, which are supervised by law.” IMF ONLY WANTS TWO THINGS TO CONTINUE HELPING IRAQ...ONE WAS ARTICLE 8 COMPLIANCE WHICH IS LIFT THE 000'S AND THE SECOND WAS...THIS !!! These LAWS are a REALITY in formation ... Creation ... Manifestation. This is good ... Real good... Our TEAMS told YOU what to look for this week and You are SEEING it.
4-23-2015 Intel Guru TNT Tony [via Already Blessed] WE ARE STILL HEARING IT COULD HAPPEN ANYTIME...STILL HEARING THE BANKS ARE ON HIGH ALERT....STILL HEARING THE RATES ARE THE SAME AND COUNTRIES AROUND THE WORLD ARE ON ALERT....SO WE JUST HAVE TO WAIT FOR IT TO HAPPEN.
4-23-2015 Intel Guru EXOGEN THE 4G LTE MOBILE EXPLOSION IS NOW LIVE IN IRAQ. So, look out world – Iraq is ready for the international community. The future is coming.
4-23-2015 Newshound Guru wmawhite [How long do you think it will take to get HCL done…?] IMO...it is done...now comes the implementation and the many agreements that make it up. [will ISIS hold this up IYO?] I believe in what PM Abadi has stated many times that he is not letting ISIL stop the growth of Iraq. Remember, this will be a financial event and the success of it will come from the confidence the international community has in Iraq. Right now the face of Iraq and its future success is PM Abadi.
4-23-2015 Newshound/Intel Gurus BGG & wmawhite Guru wmawhite: I have seen the translation of the original statement by the CBI from several different translators and they stated it is not speaking about 50,000 and 100,000 notes. Instead, the CBI statement was about "like value" similar value. Guru BGG: I agree - IMHO - everytime they raise this 50k - 100k issue it is a "value" statement and not an actual "printing on the face" comment…it is meant to get their own people used to the coming value...part of the "educational campaign" Shabibi was known for discussing…and if we are in the "educational campaign phase..." which it looks like…then we are VERY close to seeing a shift in value. Guru wmawhite: I am very excited about where we are based upon FACTS GIVEN TO US BY THE cbi/goi... AND THAT IS NOT RUMOR.
4-23-2015 Newshound/Intel Guru Adam Montana My day has been PHENOMENAL. I mean REALLY exciting - but like a few people mentioned… we're still waiting. But I'll tell you one thing... this is the most excited and... what's the word... I don't know, maybe "buzzy". This is the most excited and buzzy I've seen my dinar contacts in a LONG time!
4-23-2015 Newshound/Intel Guru Bluedog I ALWAYS REMIND MYSELF THIS IS A SPECULATIVE INVESTMENT AND THINGS COULD OCCUR BUT YOU WANT TO KNOW IM VERY EXCITED RIGHT NOW. ALL THE THINGS I HAVE STUDIED…ALL THE MOVING PARTS ARE COMING INTO LINE…KNOWING WHAT I HAVE RESEARCHED SO FAR…I AM MORE EXCITED THAN EVER NOW I BELIEVE…
4-23-2015 Newshound Guru wmawhite This is involving two different events...the change of currency inside Iraq, thus getting the citizen to understand what they will have to use...and an different event outside of Iraq which is the change in the value of the currency.
4-23-2015 Newshound/Intel Guru BGG The recent trip to DC could not have gone better for Abadi. He has gained the attention of world leaders and…quite literally, gained the attention of the FINANCIAL WORLD!! I think Abadi came back from DC with the broad based support here, there and in the financial world he will need to get things done in short order. This flurry of activity by both ISIS and his enemies within – was all just “knee-jerk” reaction or attempted counter to how well things were going for the new GOI. Ramadi is now getting serious support from Baghdad – (as soon as he showed back up there), Baiji turned out to be little more than a diversion and the bit about his spokesperson being somehow affiliated with Saddam was handled quickly and appropriately. He stole all the thunder from these potential detractors. He got massive support from the IMF various banks, the US (weapons and aid) and HUGE credibility – which he will need in the near future…and then…We’ve had this rash of “secret meetings” (in the press – ??) lately – more than I can ever recall…one of which was Parliament on Sat and then one with the IMF “allowing” Zebari to sit in…The last week or so has seen a MASSIVE SHIFT in our fortunes… Those of us invested in the currency of this country.
4-22-2015 Intel Guru EXOGEN IRAQ IS ON FAST TRACK TO GET ALL LAWS PASSED WITH 3RD READINGS. IRAQ LEGAL TEAM IS NOW GOING BACK AND EDITING AND CORRECTING LAWS STRUCTURED VIA USA/MALIKI TEAM. UST IS PLACING PRESSURE ON IRAQ TO MOVE. THE STAGE IS NOW SET. PREPARE FOR YOUR BLESSING AND STAY STRONG AS THE FINISH LINE SURFACES FROM THEORY AND DREAMS, TO REALITY. ARE YOU READY!!!
THE GLOBAL BLESSING IS NOW CLOSER THAN EVER!!!
4-22-2015 Intel Guru TNT Tony [via Adept1] All laws pending are being passed today, both the necessary and unnecessary laws. Abadi has been on television with statements running and also in print that he has taken over the economic reform (and electricity). He is assuming responsibility for everything in the public eye. The announcements have been made, “this time we’re not joking”… I do think we are close. Every agency and sources in different countries are telling us that we are super-close.
4-22-2015 Intel Guru DC [via Adept1] Dr. Shabibi and Dr. Abadi have been in constant communication about the RI/RV, trying to get everyone up to a place where they can handle this. They started 36 hours ago and the rest of the world said, “Yeah, sure” with eyes rolling. So they have been spending time on international phone calls getting everyone ramped up. Everyone in Iraq ran through procedures again concerning lower currencies, and such. Those have gone out. In the newspapers and on television, there is more of the same: monetary reform will be done in the next few days, quoting CBI, Finance Ministry, etc…Iraq is prepared and getting everyone ready for the RV. Bank security, law enforcement and intelligence guys are ramping up as we speak, like the banks. The US and the rest of the world banks are being prepped now. We expect to see this in the next few days. We hope this is the final deal. Everything looks really, really good...
4-22-2015 Intel Guru Frank26 A New Mexico WF told someone on [Guru] Eagle1’s team today that the WF Wealth Managers told their customer that he now has the authority to begin early exchange for premier clients. Eagle1 said there is a rate … and it’s been showing for weeks … on the administrative screens … all over the country of Wells Fargo banks.
4-22-2015 Newshound Guru Adam Montana This is an unusual situation for me to be in... but I'm just going to go out on a limb and spit it out. For the past couple months, I've been getting messages and more importantly... "feelings"... from my banking partners and investment people. And as of just last week, a few of our offshore banks started letting me and my staff know that big changes were coming. As of a couple days ago, they started sending out messages to other clients as well. The messages are varied, but they all point in the same direction - towards something significant. One says they expect us to be dealing with stricter US investment and reporting laws shortly, another is stating they expect MY clients to be dealing with larger amounts of cash soon, another is anxious to get all of our current affairs finalized and quite a few are starting to hint that they will not be taking new clients in a very short manner. I'm not saying I'm being told directly that we're on the brink of something major. Fingers crossed!
4-22-2015 Intel Guru Frank26 [via FrostyTheSnowman] [Finance Minister Zebari went to the IMF regarding an emergency type of loan....I believe this is what is being granted...the emergency loan.] That’s right…and the end of every month…there is always an emergency loan to help them get by. It’s never at the beginning or the 2nd week and although they do not talk of the amount in today's articles...the articles from last week were speaking in terms of $700 million dollars for this particular loan request. NOTE: ONLY enough for less than two weeks...The remainder of this month's worth. [The question now becomes, are the funds enough to keep Iraq "going" up to Ramadan or until after Ramadan!?”] NO ! Don’t pay attention to it. Don’t let it bother you. [You stated that the HCL is HOT. IYO only, will we SEE it before the rate change or after?] EVERYONE...everything...Waits for THE RATE. The rate must come first because everything bows to it. Once the 3 zeros are lifted it will trigger the laws in the budget…it will activate the budget and it will send every citizen in Iraq to run to the banks in order to get their currency because it will be in lower denoms. Dr. S [Shabibi] is being pushed tremendously. There isn’t anyone else but Shabibi now. He is moving fast.
4-22-2015 Intel Guru EXOGEN [Rumor that Abadi may have made a soft Announcement and the main Announcement to citizens of Iraq and the World is projected to be completed within the next 24-48 hours. Abadi Announcement is rumored to be approved by the G20 already. What was the result of this Intel ...?] HE DID A SOFT ANNOUNCEMENT AND THAT WAS IT…BASICALLY ABADI TOLD THEM THE SAME THING HE HAS BEEN TELLING THEM "IN THE COMING DAYS". DOES SOFT ANNOUNCEMENT MEAN RV/RI EXCHNAGE IMMEDIATELY…100% NO.
4-22-2015 Intel Guru Hocus Pocus well everything has been pretty quiet up until today but i talked to my contact earlier and he tells me that things have ramped up again…they are playing the "our money will soon be worth more" across the television again…it has been a few weeks since they were playing this information on the televisions and now since it has come back to the forefront the Iraqis are encouraged…when things are looking good they want to let their people know…they do not want to mislead anyone. the smart cards have not been loaded yet and those saying that are not getting it right. it is also apparent that the military is taking care of business and the security is good…those saying that that is the hold up are not in the know according to my sources.
4-22-2015 Intel Guru Frank26 [“Didn't Frank say the IMF said "NO" to a loan? Seems someone is confused. But not sure who…”] Not i…Did You not see the articles last week where IMF said NO to any more loans? Of course You did. REALIZE…the IMF ...Does a 360 on this subject......... Why? Because just like EVERYONE else … We and the IMF are in a long line that WAITS and SUPPORTS THE IQD !!! [we have a deep relationship with this country … hundreds … maybe thousands of things are now imbedded in Iraq … and nobody is going anywhere … it’s just the constant “support” … WHY? Because we want them to lift the 3 zeros so that we can make money with this country] …
4-22-2015 Newshound Guru Millionday Article quote: “Revealed the economy parliamentary committee introduced a number of new items on the investment law to promote the reality of investment for the country.” THEY HAVE AMENDED THE INVESTMENT LAW...WHOOPOW --- THIS IS TO PROMOTE THE LARGEST INVESTORS -- TO OPEN THE SINGLE WINDOW--AND PROMOTE THE REALITY PUBLIC INVESTMENT TO THE COUNTRY – WOW Quote: "The House of Representatives read the second reading of the investment law,…" ...YESTERDAY … THE INVESTMENT LAW WAS READ FOR THE SECOND TIME.
4-22-2015 Newshound Guru Millonday [I have also seen from many currency pros, that that IMF… will put a major hold on RV, your thoughts?] MY THOUGHTS ARE THAT IT IS GREAT NEWS AND IS ALL ABOUT THE BEST FINANCIAL POSITION FOR IRAQ AND THE DEVELOPMENT THEY ARE RACING FORWARD TO ACHIEVE. [so your saying it has no effect on an RV?] NOT A HOLD UP -- SOMETHING WAITED FOR FOR THE REFORMS AND ALSO FOR THE LOWEST DEBT -- AS FAR AS GLOBAL DEBTS -- THEY WOULD RATHER HAVE GLOBAL INVESTMENT. MY OPINION IS THAT THIS IS GREAT NEWS AND NOT A MOVE TAKEN LIGHTLY. I THINK IT WILL IMPACT THE MONETARY POLICY ETC --- CURRENCY MARKET FOR IRAQ -- JUST NOT IN THE WAY SOME ARE SAYING.
4-21-2015 *** Dinar Guru WARNING *** In less than 10 days your 50 dinar notes will officially be retired and will CEASE to have value as a currency. If you have 50 dinar notes, find an online broker, airport exchange house or other currency exchange to exchange for a different dinar note class or currency. Do not delay any longer! This is the first time we have seen the CBI retire a note...As of now, ALL other dinar notes are SAFE and are not being retired. Stay tuned as the ramifications of these unprecedented actions unfold. If you are not a Dinar Guru member, now is a good time to get on the Alert List by clicking here. The latest Guru Updates will continue below...
4-21-2015 Newshound Guru Mailman17 ...FOR THEM TO MAKE A BRASH STATEMENT TO REPLACE AND INTRODUCE A NEW DENOM THAT IS AS SCARCE IN IRAQ AS A PIG ROAST, GIVING THEM TILL THE END OF THE MONTH TO TURN IN WHAT VERY LITTLE IS ACTUALLY IS IN THE HANDS OF IRAQS WHO PROBABLY DONT EVEN REMEMBER WHAT ONE LOOKS LIKE SEEING AS THAT BILL NOTE WAS MINISCULE AND NEVER USED, LET ALONE ITS VALUE RAISES A RED FLAG. I STILL THINK THEY JUST WANT THIS NOTE OFF THE STREET ( WHATEVERS LEFT) BECAUSE IT COINCIDES WITH THE ONLY NOTE THAT WOULD COINCIDE WITH THE NEW SET OF NOTES. AGAIN I REITERATE THE SECURITY FEATURES ON THE 50 ARE NO DIFFERENT THAN THE 250 OR 500. AND TO TAKE A NOTE THAT IS NEVER USED WITH A VALUE OF 4 CENTS AND REISSUE IT TELLS ME A RATE CHANGE IS IMMINENT ASAP..JMO
4-21-2015 Newshound Guru Mailman17 …ALSO REMEMBER THAT IRAQ WILL HAVE TO MAINTAIN AND KEEP STABLE A 1-1. AFTER THEY PROVE THEY CAN DO THAT, THEN ITS OFF TO THE RACES. AGAIN, THEY MUST BE ABLE TO BACK...THE VALUE. THEY WILL NOT BITE OFF MORE THAN THEY CAN CHEW AND THE IMF MOST LIEKLY AGREES AS DOES SHABS. ONCE THE DE-DOLLARIZE, THE IRAQS WILL HAVE FAITH IN THEIR CURRENCY AND WHAT IT WILL BUY. WITH THAT SAID, I AGAIN REFER TO PAST ARTICLES FROM THE SHABS AND THE FINANCE COMMITEE THAT MONETARY REFORM WILL NOT WAIT FOR ISIS...AND MUST BE SURE ON THE COMING DAYS REGARDING SECURITY AND THE RELEASE OF THE NEW NOTES. TIME WILL TELL. THERE HAS BEEN NOTHING BUT POSITIVE REMARKS FROM ALL INVOLVED REGARDING THERE COMING OUT PARTY AND IT IS NOT MONTHS AWAY..IT IS ANYDAY. AS ALWAYS...JMHO [Post 2 of 2]
4-21-2015 Intel/Newshound Guru tman23 ...the fact of the matter is the KURDS...And we know that 400 million a month does not support the region...We know they want to open their economy and Baghdad has stalled the Kurd progress...The Kurds need 2 million displaced people to GO HOME...The Kurds will go to June but do not believe they plan on waiting until October or 2016...So 5/2 expect some change on cards being loaded for displaced etc...
4-21-2015 Newshound/Intel Guru BGG ...Maliki is a goner!! this DC visit was bad for him... good for us...the one thing Abadi really - really needs - is the same thing you and I do... MONEY!!
4-21-2015 Newshound Guru Mailman17 TO CLEAR THING UP A BIT, SHABS GOAL FROM THE GITGO WAS TO HAVE THE DINAR ON PAR WITH THE DOLLAR. IRAQ IS A U.S. DOLLAR BASED COUNTRY USING THE VALUE OF THAT DOLLAR FOR DAILY PURCHASES. I TRULY DONT SEE THE IMF APPROVING A RATE AT THE START OF ANYTHING MORE OR LESS. WITH THAT SAID, THAT DOES NOT MEAN IT WILL NOT GO UP. I AM COUNTING ON THAT. MOST LIKELY IN TIME TO EQUAL OR EVEN PASS KUWAITS RATE, BUT THE AVERAGE IRAQI IS ACCUSTOMED TO THE VALUE...VALUE OF WHAT 1 U.S DOLLAR CAN BUY IN THE MARKET PLACE, AND HAVING THE DINAR DO THE SAME WILL EASE THE CONFUSION. I THINK ONCE THEY GET USED TO USING THE DINAR AT THAT VALUE, THEN A MANAGED FLOAT WILL MAKE ITS ADJUSTMENT... [Post 1 of 2 stay tuned for the rest of the story!]
4-21-2015 Intel/Newshound Guru Poppy3 CALL FROM THE STREETS OF BAGDAD SAYING THE PEOPLE ARE VERY HAPPY AND HAVE BEEN TOLD THEIR CARDS WILL SOON BE USABLE AND THEY WILL HAVE MONEY AVAILABLE IN THE NEXT FEW SAYS AND MOST THINK THIS WILL HAPPEN IN THE NEXT WEEK. SOUNDS VERY PROMISING. WHILE WE HAVE HEARD THIS INFO BEFORE I COULD HEAR TRUE EXCITEMENT IN THE VOICE.
4-21-2015 Intel Guru Frank26 The bonds (at 1166) are not working. They are not really tradeable for the world at the 1166 rate. Not internationally tradable. Dr. Shabibi everyone is waiting...the IMF...the WorldBank...everyone is in line waiting for you! The market economy needs the lifting of the 3 zeros and Dr. Shabibi knows it. Do you understand how close we are? Only the CBI can give you Article 8 compliance and the only thing left is to lift the 3 zeros! The laws...especially the mother of all laws...the HCL...investment...tariff...is all in the budget. All they need is Article 8 compliance and they can lift the 3 zeros and it’s done! IMO – Dr. Shabibi is probably not ready to lift the 3 zeros because of security. You and me and everyone who has dinars is waiting in a long-line. It is coming. I promise you. The lava flow cannot be stopped... [post 3 of 3]
4-21-2015 Intel Guru Frank26 The line is so long of everyone [and everything] waiting. Those in line ...IMF...WorldBank...budget...ISX...wages and salaries... QiCards...USA...US Treasury...BIS...private sector...citizens and even Abadi is in line to run his GOI. Abadi is running out of time because if this goes into Ramadan that will be self-inflicted suicide for Iraq...you will never see anything during Ramadan or EID...Ramadan starts in June. If Iraq doesn’t do something soon...the citizens could start an uproar and could result in war. Iraq needs to do two simple things: #1- Pass the tariff laws! #2- Lift the 3 zeros! Before Ramadan...that’s it says the IMF...if you give us Article 8 compliance you can have all the loans you want. As you know...there is no liquidity in Iraq and that is the key! There is no money. [post 2 of 3....stay tuned]
4-21-2015 Intel Guru Frank26 [via FrostyTheSnowman] It is EXTREMELY important that we pay attention ONLY to the governor of the CBI! Do your best to understand everything that the governor of the CBI is doing. It doesn’t matter if you call “him” Turki...Ali or whatever name they want to call him...we all know that Dr. Shabibi is the governor of the CBI. Period. End of story. The two people that mean the world to us in the MR [Monetary Reform] is Dr. Shabibi and Dr. Abadi. The CBI has all the money they need and the green-light. the GOI is broke...now what? Abadi told them that they...already told our citizens and they are “expecting” something. Something [bad] is expected to happen in the next 2 days (or so) that will shock most people. [Don’t let it rock you!] We all know that the IMF gave the CBI the green light and they haven’t moved forward with it yet. IMF said they would help Iraq and said they were proud of Iraq but since Iraq hasn’t raised their value yet they won’t help them anymore. The debt that Iraq has racked up will disappear once they raise the value of their currency. The IMF has told them what to do. [post 1 of 3....stay tuned]
4-21-2015 Newshound Guru Millionday [perhaps initial rollout is smart card in country only?] ...THIS REPORT HAS STATED THAT IT HAS BEEN TESTED WITH THE MILITARY PAY AND THIS IS CLEAR IN SAYING THAT IT CAN BE SENT TO WHEREVER THEY ARE...WE KNOW THE DISPLACED ARE OUT AND IN OF THE COUNTRY THAT ARE IRAQI. [the global card you mentioned is the same card as the international smart card we are waiting for, and will bring our RV?] OR THE SMART CARD (MODERN AND SOPHISTICATED) IS A GLOBAL CARD PER WHAT I HAVE READ EVERYWHERE TO DO WITH THE REFORMS. [To my knowledge, swiping "that" card is one of the vehicles that will open the budget is that true?] IF THEY SWIPE THE CARD -- THIS WOULD BE TO PULL FROM AN ACCOUNT FOR BENEFITS THAT WERE BUDGETED FOR --GOOD POINT. [post 2 of 2]
4-21-2015 Newshound Guru Millionday Article quote: "Parliamentary Finance Committee demanded, on Monday, the Iraqi government to implement the smart card system in the pay of state employees..." THE PARLIAMENT THAT HAS BEEN IN A CLOSED DOOR MEETING FOR TWO DAYS --- IS DEMANDING THAT THE SALARIES OF ALL STATE EMPLOYEES BE PLACED ON A -- SMART CARD --(ATM)...THIS IS AN EXECUTIVE ISSUE AND SUPPORTED -- NO CHOICE. I HAVE NO IDEA WHY THEY WOULD BE ABLE TO DO THIS WITHOUT ---UMMMMMM AN EXCHANGABLE RATE...THE SMART CARD IS A GLOBAL CARD -- HOW WOULD THIS WORK IF THEY COULD NOT LEAVE THE COUNTRY? HMMMM. NOW LOOK AT THAT --->>> "can each employee receiving his salary within the geographical area that houses them," --- THAT MEANS WHEREVER THEY ARE IT WILL WORK? WHOOOPOW THIS IS HUGE. [post 1 of 2....stay tuned]
4-21-2015 Newshound/Intel Guru BGG [How come the CBI still shows daily auctions?] because they are having daily currency auctions. [I thought they stopped?] They did - based on urging from Parliament... however, I suspect, for the short term - they were "instructed" to restart them (likely at the behest of Dr Shabibi)... as the primary short term tool for stabilizing the exchange rate...that has traditionally been Shabibi's stance - which is why - once he made his recent appearance they went back to something of an "auction environment".
4-21-2015 Newshound Guru wmawhite [Do you think it will happen around the 1st when the 50s are finished?] This is not date driven, instead, it is event drive. However, IMO this event may coincide with certains dates. But, IMO it is just as likely to happen on a 3rd, or a 14th or 22th of a month. So is there something significant about the 30th...Yes, IMO the door gets kicked wide open. Could it happen prior to the 30th... it sure can for other reasons....bottom line is this:..if Iraq wanted to continue for ever to use to USD they could and they would not ever have to change a thing because the world is already using the USD and Iraq has used it for the last 15 years. So why are they spending so much time educating their citizens about new currencies? Because they are very close to replacing the USD with new IQD and nobody will use it unless it is of greater value....how do I know this? Because they (CBI, GOI, Parliament) has told us this very information I just typed. Oh yes,...if Iraq was "holding off" why have they done all of what they have done up to today...why go to Davos and Berlin, and Washington D.C. to tell the world what?...we are holding off? What? How silly. Of course, IMO. 4-20-2015 Intel/Newshound Guru tman23 Those who may recall my explanation of the function of the ESF (exchange stabilization fund) inside the UST...they are the architects that make economies work regarding exchange rates...Jack Lew commenting on exchange rates and warning countries of manipulating their currencies... Point being...Iraq meets IMF in Jordan... 2 weeks later Iraq meets IMF in Kuwait with the appearance of Shabibi... Week later Iraq meets with IMF in Washington and meetings take place with the UST... Present in Photo... Abadi/Zebari/Alak (equivalent to our Obama/Lew /Yellen) ...This was not about 5 billion in BONDS as a loan...And certainly not about F16 airplanes!! (and making payments)... And you don't sit at the table in these meetings unless you have a HCL that companies can work under AND a HCL that gives you the right to claim all oil belongs to Iraq thus giving you the right to make a deal using it as collateral.
4-20-2015 Intel Guru TNT Tony Friday...we heard...that the Iraqi banks were open and doing early exchanges... Iraqis were excited because their banks had never been open on the holy day. Many people went to the bank and people got their lower denominations and fils and everyone was excited. They were hearing the process had started and we were told it was actually going through this time. On Sunday, PM Abadi told everyone about his trip, what happened, the money he got for the loans for the budget, and assistance to complete the economic reforms, including 25 million dollar deficit in their budget do to reduction in oil prices and the problems with ISIL. On the US television, they showed Abadi announcing that this week is the end of the economic strategy. He was saying that this would end in the coming days – but we have been hearing this for three months now! Now that Abadi has said this, though, it should be in the next couple of days. Our sources in Iraq have told us that riots are scheduled for this week if it doesn’t happen... It’s all great news; we are in a great place, more public than ever. We are so close to this. It’s being processed...they are doing more and more things in public that will make it happen, so we are closer and closer to the RV...they are expecting this today.
4-20-2015 Intel Guru Mnt Goat Even in the last interview with the finance minister of Iraq and Shabibi (with the IMF), it was said that in fact Iraq has ample resources and is by no means bankrupt. They were preparing the public to hear a refusal by the IMF on their request for some 700 million in funds. As investors, we of course do not want the IMF to loan them the money. This will only delay Iraq from the RV that much longer. Now having said all this what comes next? Since Shabibi made a deal with the head of the finance minister of Iraq for coming back and the deal contained these conditions: 1) his personal safety, 2) a free hand to manage the reserves, 3) a free hand to do what he needs to do to protect and stabilize the value of the Iraqi dinar, (if it means the RV than he will go forward) 4) no more interference from the GOI. So now knowing all this. What do you think Dr Sinan Al-Shabibi is planning to do next? [post 2 of 2]
4-20-2015 Intel Guru Mnt Goat FACT: Dr Sinan Al-Shabibi tried to RV only one time and it was back in 2012 and was abruptly stopped by Maliki. FACT: Weeks ago Shabibi was asked to return to Iraq and the CBI. FACT: Only 11 days ago (and once again this weekend) we read articles where Shabibi being referenced as head of the CBI. I don’t believe they will ever make a formal announcement since legally Shabibi was never formally/legally stripped of his position as the governor of the CBI. So technically and legally he never left the position. FACT: Shabibi refused to come back to Iraq unless he could be provided full security for his personal protection.. This was provided in the deal for him to return. He is not physically back in Iraq, his country. FACT: The 2014 budget law limits the currency auctions to only a small percentage of former amounts. Why did they do this? FACT: Iraq does not need the currency auctions to raise this capital for the cash flow (liquidity) issue they keep complaining about. What they need to do is to RV their currency and go international. [post 1 of 2....stay tuned]
4-20-2015 Intel Guru DC [via Adept1] In Iraq, everything is looking very good, with everything promised to happen very quickly... IN the US, everyone is ready, too. ...remember that last week Abadi and his team were at the White House, State Dept, and IMF and all those meetings were very successful. Those meetings secured financial and military help, with a few meetings about the RI/RV. A lot of merchants changed their currency to the lower denominations, including fils. Most of those coins are barely worth scrap metal, pre-RV, so why would they pass them out...the only way for that to make sense is in terms of an RV. There has been training, again on a Friday and Saturday, on the use of the lower notes and coins, for retailers. Abadi did talk to many folks on Saturday, and said the monetary reform will come in the next few days, and this was repeated in the different papers and from the CBI and Finance Ministry. Iraq is ready to go...they are tied to getting this process moving.
4-20-2015 Newshound Guru Kaperoni Article: "Parliament reads today seven laws, including anti-drug and Investment Law" ...we have confirmation it was on the agenda for today and was read.
4-20-2015 Intel Guru TerryK ...GOT A UPDATE FROM SOURCE THIS AM THAT WE WILL NOT SEE ANYTHING UNTIL WED THIS WEEK... ANOTHER MOVING TARGET.
4-20-2015 Intel/Newshound Guru Poppy3 ...THEY ARE NOT STOPPING TILL THIS IS COMPLETED...THIS WILL BE THE BIGGEST FINANCIAL CHANGE EVER AND THEY ARE DOING GREAT GETTING IT DONE.
4-20-2015 Newshound Guru My Ladies IS THERE ANYTHING TO BE EXCITED ABOUT AT ALL? THERE SURE IS. WE ARE VERY CLOSE WE KNOW THAT...WE ARE SEEING GREAT PROGRESS WITH SECURITY AND IT LOOKS LIKE THEY ARE ABOUT TO STABILIZE ANBAR AGAIN. WE ARE SEEING GREAT PROGRESS IN THE PRIVATE SECTOR, AND THE PRIVATE BANKING SECTOR. IRAQ IS FOLLOWING THE ARTICLE 4 IMF RECOMMENDATIONS TO THE LETTER. WE DO NOT KNOW WHEN THIS IS GOING TO HAPPEN, BUT AS [GURU] NOVA AND I HAVE SAID OVER AND OVER AND OVER AGAIN...THERE ARE A HANDFUL OF ABSOLUTES IN THIS PASSIVE INVESTMENT AND SO FAR IRAQ HAS NOT BROKEN ANY OF THEM. SO WE MAINTAIN A HIGH LEVEL OF EXPECTATION...HOLD ON A BIT LONGER...IT IS ALL COMING TOGETHER!
4-20-2015 Newshound Guru Aggiedad77 Article: "Parliament to raise its 28 April" Today's Parliament session did get through the second reading of the Investment Law...woohoo...some progress...as well as a couple of other readings...then announced its next meeting to be April 28.
4-20-2015 Newshound Guru Millionday Article quotes: "Iraq plans to cover the budget deficit for the current year amounting to more than 25 000 billion dinars, through internal and external borrowing and amounts retained cash in the Ministry of Finance account..." "The government is facing a deficit of $25 billion in the current year's budget..." THE BUDGET DEFICIT OF MORE THAN 25000 BILLION DINAR. THEY ARE TO ANNOUNCE THE BOND PLAN SOON FOR THIS YEAR (NOT GIVING A TIME) AND --- THE HUGE NEWS IS THAT THE REMITTANCE SYTEM HAS REDUCED THE NEED FOR ALL EXTERNAL BORROWING ENTIRELY ---AS WELL AS THE INTEREST ON THE FOREIGN LOANS -- THEY WOULD LIKE FOR INTERNATIONAL INTEREST TO BE REMOVED AS WELL -- THEY NEED >>NO<< EXTERNAL BORROWING -- WHOOOPOW. [Is not the deficit 25 Billion (USD)?] IT IS 25 BILLION US DOLLAR --- WHICH ACCORDING TO THIS IS 25,000 BILLION DINAR. ISNT THAT STRANGE? SMILE.
4-20-2015 Intel Guru TerryK WE MAY HEAR OF AN ANNOUNCEMENT TOMORROW [MONDAY] FROM ABADI. [so, you are hearing maybe in the next few days?] IM HEARING IN HOURS... NOT DAYS. [I also cannot imagine a rate of 86 cents. They need a higher rate than that. IMO.] NOT WHAT U WANT OR WE THOUGHT... BUT EVEN IF THEY DO THAT .86 X 25,000 IS NOT BAD FOR AN INVESTMENT...21,500 PER 25K NOTE. [...if it is it won't be there for very long.] I AGREE. COME ON RV...IM HOPING THAT TOMORROW [MONDAY] BRINGS US OUR BLESSING. 4-19-2015 Intel/Newshound Guru Backdoc REGARDLESS OF WHEN THEY DECIDE TO IMPLEMENT A RATE I DOUBT WE WILL SEE THE SMALLS (denominations) FOR A WHILE. IMO THEY WILL CONTINUE TO FORCE DOLLARS FOR PERSON TO PERSON TRANSACTIONS WITH THE MONEY CHANGERS TO IMPROVE SECURITY THROUGHOUT THE COUNTRY WHILE PREVENTING DINARS GETTING INTO THE TERRORISTS HANDS! THIS ONE WAY TICKET WILL FORCE THE MONEY CHANGERS TO GIVE UP DINARS UNTIL THEY CAN'T GET ANYMORE OUT OF THEM... BY STAYING DIGITAL IN DINAR AS I SAY, THEY WILL BLEED DINAR OUT OF THE MONEY CHANGERS HANDS SINCE IT WILL BE THE ONLY WAY FOR THEM TO MAKE MONEY! THE DIGITAL CURRENCY CAN BE ADJUSTED FOR VALUE, SINCE THEY HAVE COMPLETE CONTROL OF THE NOTE COUNT DIGITALLY! THEY WILL KEEP SILENT ON THE VALUE ISSUE UNTIL THE RATE IS INTERNATIONAL! IN OUR OPINION!!
4-19-2015 Newshound Guru Mailman17 DINAR INSIDE IRAQ IS AT THE LEVEL THEY ARE SATISFIED WITH. THE Q CARDS ALONG WITH MOST LIKELY 75% OF SALARIES WILL BE ELECTRONIC. CASH WILL STILL BE NEEDED ON THE STREETS BUT NOT AT WHAT YOU THINK. AND THE PREVIOUS MEETING WITH ABADI AND EVERY MAJOR BIG COMPANY IN THE U.S. WENT OFF WITHOUT A HITCH. THEY ARE READY TO COME IN, AND THEY WILL NOT COME IN WITHOUT A STABLE, REVALUED, INTERNATIONALLY RECOGNIZED DINAR. THE PEOPLE IN IRAQ ARE READY, THE GOI IS READY, THE CBI IS READY, IMF AND WB [WORLD BANK]ARE READY..AND SO ARE WE. STAY FOCUSED, THIS RIDES OVER...AND IT SEEMS THAT PESKY LITTLE 86 CENTS I HAVE BEEN FORECASTING FOR 7 YEARS NOW JUST MAY BE WHAT WE ARE LOOKING AT FOR THE RATE AS ALWAYS..JMO (BASED ON NEWS AND FACTS) NOT INTEL. [post 2 of 2]
4-19-2015 Newshound Guru Mailman17 ABADI HAS STATED MORE THAN ONCE THAT HE WILL NOT...REPEAT NOT WAIT FOR ISIS TO BE CLEARED OUT TO START MONETARY REFORMS. YES, SECURITY IS IMPORTANT, BUT ABADI MUST KNOW A LITTLE MORE ABOUT THIS THAN ANYONE ELSE FOR HIM TO MAKE SUCH A STATEMENT LET ALONE INFORM IRAQS THE SAME. THE IMF, WORLD BANK AND O [OBAMA] HAVE COME OUT REFUTEDLY SAYING IRAQ IS READY AND WE HAVE YOUR BACK FOR YOU TO IMPLEMENT...NOT THINK ABOUT, NOT PLAN, NOT HAVE MEETINGS, NOT DISCUSS...BUT TO IMPLEMENT, EXECUTE, AND MOVE TO A MARKET ECONOMY...NOW..NOT LATER. APRIL 30TH IS COMING UP. THE KURDS HAVE WHAT THEY WANTED ALL ALONG...THE HCL, THE BUDGET IS DONE AND OUT, AND ISIS SHOULD BE DEALT WITH AND UNDER CONTROL ENOUGH FOR THE RV TO BE IMPLEMENTED. THAT IS WHAT THE NEWS TELLS US. [post 1 of 2....stay tuned]
4-19-2015 Newshound Guru Millionday MANY AGREEMENTS ARE INCLUSIVE OF OTHER ISSUES INCLUDED IN OTHER LAWS AND AGREEMENTS -- WHICH IS WHAT MAKES THIS SUCH A HUGE PROJECT --- ALL AT THE SAME TIME TO BE COMPLIANT. I THINK THAT THIS IS GOING TO RESOLVE THE HCL AND WE WILL SEE IT AS WE HAVE BEEN TOLD THIS IS TO BE ON THE AGENDA WITH ALL THE IMPORTANT LAWS. I JUST DONT THINK THIS IS THE HCL. ABADI PUBLICLY ANNOUNCED COMPLETE COMMITMENT FOR ALL REFORMS UPON RETURN SO I THINK IT APPEARS AS -- THIS LACK OF PAY AND OIL WILL GO AGAINST THE CONSTITUTION... AND THEY ARE GOING ABOUT THIS RIGHT AND CHANGING IT NOW... THE UNITY IT SHOWS IS HUGE HUGE AND VERY IMPORTANT. [post 2 of 2]
4-19-2015 Newshound Guru Millionday "the oil agreement between the federal government and the Kurdistan region became law and published in the Iraqi Gazette on according to the Iraqi constitution," denying non-delivery of the provincial government of Baghdad and imports nearly two million barrels of oil exported during the past months. " I WOULD LOVE TO SAY THIS IS THE HCL BUT IT IS NOT THE ENTIRE HCL... THE HCL IS INCLUSIVE OF MANY AGREEMENTS -- NOT JUST THE OIL AGREEMENT BETWEEN THE KURDS AND IRAQI FEDERAL -- BUT ALSO THE INTERNATIONAL AND FINANCIAL AND MARKETING AS WELL -- ALL ASPECTS OF HYDROCARBON AND OIL LAW TO DO WITH IRAQ. THE AGREEMENT IS JUST BEING AMENDED SO ALL ARE COMPLIANT...AND THEY ARE REACTING AS A UNIFIED GOVERNMENT. [post 1 of 2....stay tuned]
4-19-2015 Intel Guru EXOGEN Rumor that Abadi may have made a soft Announcement and the main Announcement to citizens of Iraq and the World is projected to be completed within the next 24-48 hours. Abadi Announcement is rumored to be approved by the G20 already.
4-19-2015 Intel Guru Mnt Goat The Abadi trip to the USA was very successful and set the ground work for the good that lays ahead in the coming weeks. As commander and chief of the military he was inundated with yet with more bad news of ISIS and the inability of the Iraq generals to take command and get the job done. Sorry folks no RV this weekend and for the next couple weeks maybe months, at least. All these rumors of a pending RV are just that RUMORS! On the flip side Abadi did make a speech today to the citizens of Iraq. In the speech he said next week he is going to announce a huge initiative that will solve all the economic issues for Iraq. Personally I do not think it is going to be the RV announcement we wait for but who knows for sure. On the other flip side we all should know by now that the 2014 budget stipulates the currency auctions are to be very limited. They will not bring them back! The auctions were supposed to be a temporary measure to raise capital until they gained their sovereignty. So now they have it. It is time to RV. We know it and Iraq knows it. THIS IS THE SOLUTION! 4-18-2015 Intel/Newshound Guru Poppy3 PEOPLE NEED TO UNDERSTAND THIS IS THE BIGGEST WORLD FINANCE MOVEMENT IN THE HISTORY OF THE WORLD AND WILL EFFECT MORE COUNTRIES THAN ANY BEFORE. THIS IS WHY IT HAS TO BE DONE PERFECT AND IS TAKING SO LONG. MOST PEOPLE JUST CAN'T PHANTOM THE SIZE AND EFFECT THIS IS GOING TO MAKE ON OUR WORLD. BUT OLD ALLEN GREENSPAN DID AND CONVINCED DICK CHENEY TO CONVINCE GWB [GEORGE W. BUSH] THIS IS RIGHT FOR AMERICA.
4-18-2015 Intel Guru TD Few comments from my Kurdish friend, which are few and far in between these days (treat all as rumor and due your own sound diligence). Reason for such sporadic news is the lack of "any significant news or policy
changes". Austerity measures still big talk around most of the country. Abadi asking for more assistance. Progress with ISIS is two steps forward, one step back. Although economic and monetary reform programs are on drawing boards that's where they will stay until a clearer picture of the "map" of Iraq is defined. For those waiting for currency reform: pull up a chair it will still be a long wait.
4-18-2015 Intel/Newshound Gurus Millionday & Poppy3 Millionday: HAVE TO SALUTE OUR TROOPS -- I KNOW THEY ARE NOT ALONE BUT GOD BLESS AMERICA AND THOSE THAT MADE IT POSSIBLE FOR ALL OF US TO SIT HERE RIGHT NOW AND ANYTIME. poppy3: AMEN IF IT WASNT FOR THEM THIS WHOLE INVESTMENT WOULD NOT BE AVAILABLE TO US . Millionday: THANK YOU ALL OUR VETS...THANK YOU.
4-18-2015 Intel/Newshound Guru tman23 Article quote: "the oil agreement between the federal government and the Kurdistan region became law and published in the Iraqi Gazette on according to the Iraqi constitution," The HCL was contingent on a census and to the demarcation of borders in which Kirkut became the focal point...an oil rich territory that was once under Kurd rule and taken by Saddam... So Maliki argued Kirkut was not part of Kurdistan..... Under Abadi...he told the Ministers and Governor of Kirkut that the GOI is now recognizing Kirkut as a subsidiary of Kurdistan... A quick fix IMO to get an agreement into law...The HCL has many details but as far as I'm concerned...the oil agreement between Kurdistan and Iraq was always referred to as the HCL and that agreement now is law in the Gazzette and meeting the CONSTITUTION...IT IS LAW!
4-18-2015 Newshound Guru Millionday UPON ABADI`S RETURN THIS IS WHAT HE STATED: "Iraqi prime minister says committed to reforms to attract business Iraq is committed to making difficult reforms to its bureaucracy and regulations for foreign companies in order to attract much-needed investment, Prime Minister Haidar al-Abadi said at a Washington forum on April 16." WHOOPOW. INTERNATIONAL TRADE WILL COME FROM A MOVE TO A MARKET ECONOMY AND THOSE REFORMS HE HAS ANNOUNCED HE IS COMMITTED TO. THEY HAVE TO MOVE TO A MARKET ECONOMY WITH GLOBAL MARKETING... [post 2 of 2]
4-18-2015 Newshound Guru Millionday ABADI HAD HUGE RESULTS IN IRAQ...THE IMF AND WORLD BANK HAS AGREED TO FUND PROJECTS AND DEVELOPMENT IN IRAQ...THE IMF WAS JUST ONE OF THE ENDING RESULTS OF ABADI`S MEETING -- ONE OF THE REASONS THAT ABADI CAME TO THE US ACCORDING TO REPORTS WAS TO MEET WITH OBAMA AND ASK FOR THE INTERNATIONAL COALITION TO RETURN AND CLEAN UP A BIT -- HE MET WITH AMERICAN BUSINESS LEADERS AND TOLD THEM SOME OF THE THINGS TO ENCOURAGE THEM TO WANT TO INVEST IN IRAQ -- REMEMBER THAT THEY ARE REPORTABLY -- REMOVING ALL OBSTACLES THAT WOULD STAND IN THE WAY OF PROMOTING IRAQ AS A GREAT BUSINESS INVESTMENT PLATFORM. THIS GUY IS GREAT FOR IRAQ -ABADI IS BACK HOME. [post 1 of 2....stay tuned]
4-18-2015 Newshound Guru Kaperoni Found this article from a few years ago that makes it very clear... "Iraq plans to coin a new category of 50 dinars issued after deletion of zeros" Quote: "the Iraqi Ministry of Finance that the deletion of zeros will liberate the Iraqi economy from the constraints and enhances the value of the dinar in the International Monetary Fund." It seems to me that if they were prepared to do this in late 2011, it can be easily implemented now especially since they removed the old 50 effect April 30th.
4-18-2015 Newshound Guru Millionday Article quote: "The Bank will contribute to the financing of several projects in the electricity, water and infrastructure sectors in addition to the urgent projects related to the liberated areas will also support economic and financial reforms and confront the challenges that Iraq is going through." And expressed the World Bank president for the "full support for awarding Bank of Iraq and the follow-up in person to support Iraq in many sectors." HOW LONG HAVE WE WAITED TO HEAR THOSE WORDS? AND WHY WOULD THEY SAY THEM? SO IRAQ IS TO A POINT THAT THE IMF AND THE WORLD BANK AND THE US AND CHINA ETC --- ARE GIVING THEIR FULL SUPPORT? -- I THINK THAT THEY ARE NOT TELLING US EVERYTHING -- WHAT DO YOU THINK? -- WHOOOPOW
4-17-2015 Intel Guru TNT Tony If you are not ready, you’d better get ready. Get your paperwork and documentation together and know what you want to do. It’s a great day, a lot of excited people...There were some things that we were asked not to talk to you about, and we succeeded with that, but it’s really good news. Be prepared, and be excited. I fully expect to be talking to you over the weekend...possibly with the RV itself.
4-17-2015 Intel/Newshound Guru Poppy3 ...THERE WILL ALWAYS BE...JUST LIKE HERE IN AMERICA...THERE WILL BE LAWS ETC. THAT NEED AMENDING AND CHANGES BUT BOTTOM LINE IS IN IRAQ DOESNT MATTER TO YOU AND I. WHAT IS THE MOST IMPORTANT THING FOR US TO BE CONCERNED ABOUT IS THAT THE GOI NEEDS THE NEW RATE AND THEIR LEADERS AND THE CBI LEADERS ARE ALL IN AGREEMENT AND ARE DOING EVERY STEP AS FAST AS POSSIBLE TO COMPLETE ALL NECESSARY THINGS TO ACCOMPLISH AND BRING ABOUT FULL FINANCIAL REFORM AND DO IT AS FAST AS THEY CAN POSSIBLY GET IT DONE. RELAX AND LOVE THE RIDE ITS ABOUT OVER.
4-17-2015 Intel Guru TerryK Article quote: "Saad Maan announced on Thursday, that the security forces were able to regain control over Ramadi..." THATS GREAT NEWS. GOT A CALL FROM A SOURCE TELLING ME THAT THE MEETINGS WITH ABADI IN THE USA WERE A SMASH HIT, HOME RUN. THEY ARE GOING TO GET MORE SUPPORT FROM THE USA AS WELL AS...AND IM GOING TO QUOTE: "THE IMF IS IN FULL SUPPORT OF THEIR ECONOMIC DEVELOPMENTS". MAYBE THEY WILL TURN THIS THING ON SOON.
4-17-2015 Intel/Newshound Guru tman23 The Kurd Parliament held a special session and it got heated over Baghdad...payments...economy etc... and then payments to the displaced...A Trade Bank rep at the meeting told them that 5/2 it would see a change... This also fit the rumors that followed on the streets...and from Kurdistan to Baghdad the rumor spread that fast... But guarantee 5/2 there will be some major change...not saying currency change.
4-17-2015 Intel Guru DC Iraq is having a really good day. They had a very successful week in Washington DC, and when it comes to ISIL, budget funding, and the few meetings relating to the RI/RV. Most everyone is home in Iraq. On television there, they are announcing the economic reforms are now ending and they are soon to be the richest country in the world. We have had four confirmations of that process coming to an end. I’m amazed that has not been announced in public yet, but it will be. Iraq is prepared to go through and has started something it would be hard to come back from. In the US, there are even more in lockdown... Everyone is sitting on the starting line!
4-17-2015 Newshound Guru FrostyTheSnowman Article quote: "On his official visit to the United States, Prime Minister Haider al-Abadi met a group of CEOs and chairmen of major US corporations in Washington on Tuesday." Why would any MAJOR US CEO bother to sit down and discuss business with a country that does not have INTERNATIONAL BANKING LAWS to protect their "investments" in that country ... especially if their currency is basically worthless and not INTERNATIONALLY recognized? IMO - they wouldn't!
4-17-2015 Newshound Guru Aggiedad77 Article: "Iraq calls for a review of the dinar exchange rate" The CBI has recently made efforts to provide more windows to be opened to deal with currency sales in Iraq, essentially doubling the number of banks and companies involved in the process and has seen some improvement in the exchange rate between the USD and the IQD...Dr. Saleh spoke on behalf of PM Abadi and stated that the price of the IQD against the USD is unrealistic at the current time...he continues to stress the need to remove cap restrictions placed on the CBI by Article 50 of the budget...this gives the CBI no operating room to conduct its business of stabilizing the IQD...The problems created by Article 50 made supply and demand a big issue and pitted the USD against the IQD leading to increases in the USD over the IQD....I think he is very politely trying to say that whoever implemented the cap didn't fully understand what they were doing or the repercussions of their actions.
4-17-2015 Newshound Guru wmawhite [...I was wondering if even though the CBI gave the green light, whether these meetings in Washington was the world's way of saying, okay, go for it?] Remember, they will continue to grow their country looooong after this happens. The meetings today are for events weeks and months away. What happens tomorrow or the day after have already been decided upon weeks/months ago.
4-17-2015 Intel/Newshound Guru Backdoc I NOTICED A COUPLE NEW TWEAKS WERE MADE TO THE INVESTMENT LAW TO IMPROVE IT! THIS WILL MAKE THOSE CEO'S SITTING WITH ABADI SMILE! WHAT BETTER WAY TO ACTIVATE THE PRIVATE SECTOR THAN TO SIT DOWN AND MAKE PLANS WITH THE EMPIRES' BEST COMPANIES TO ACTIVATE THE PRIVATE SECTOR IN IRAQ! THEY WANT TO BE UP AND RUNNING QUICKLY! WE CAN SEE BY THE ACTION OF THESE CEO'S, MEETING WITH ABADI AFTER THEY JUST LEFT THE WHITE HOUSE WITH A SLAP ON THE BACK AND SMILES ON THEIR FACES! ...WHY ELSE WOULD THEY BE TWEAKING THE INVESTMENT LAW RIGHT AWAY? BECAUSE THE CEOS WANT IT! PROTECT OUR INVESTMENTS.
4-17-2015 Newshound Guru Millionday ...FOUND A REPORT ON THE LAWS AND PARLIAMENT. Article quote: "...the Parliamentary Integrity Commission, on Wednesday, the Federal Court's decision to give Parliament the right to submit bills and vote on them within the Council..." THE STEPS FOR LAWS ARE BEING MINIMIZED. THEY NO LONGER WILL HAVE TO GO TO EVERYONE IN THE NATION FOR A READ OVER ETC. [Is this saying that the Parliament can now go ahead an vote on and read laws without them having to go to the Council of Ministers first (and then be returned to Parliament with their approval)?] YES IT IS...IMO? THEY ARE ALSO GOING TO CHANGE THE PROXY POSITIONING...IMO THIS IS A GREAT GREAT MOVE AND WE WISH IT WOULD HAVE BEEN DONE YEARS AGO.
4-16-2015 Newshound Guru wmawhite [do we have any info on whether Shabibi has been brought back to the CBI, or is his showing up at crucial finance meetings just a coincidence?] I do not think Shabbi has returned to the CBI because when PM Abadi met with Christine LaGarde (IMF) the current governor of the CBI Ali Alac was to the PM left and Lagarde was to his right. [How long do you think it will be before Ali Alac is finally removed?] If Ali Alac was on the way out why move him now at the most critical time and why take him to DC with you? This is upon us and all critical members need to be in place and doing their jobs. If they wanted alac out they would have done it sooner. Instead, they are in the middle to the end of changing the currency in preparation for a change in the value (IMO)...they are not changing key positions now.
4-16-2015 Newshound Guru sczin11 POPPY3, I AGREE 100%... FOR THOSE THAT TRULY BELIEVE ISIS MUST BE ELIMINATED, OR MOSUL MUST BE LIBERATED, BEFORE WE WILL SEE THE SIGNIFICANT INCREASE IN THE DINAR, NOW MIGHT BE A GOOD TIME FOR A BREAK...AT LEAST IF YOU BELIEVE NEWS RELEASES FROM THE PRIME MINISTER...WHILE HE IS ON OUR TURF, NO LESS...(BTW, IF YOU DON'T KNOW ALREADY, I AM NOT OF THIS BELIEF). [see Poppy3 post below]
4-16-2015 Intel/Newshound Guru Poppy3 ...all leadership that has anything to do with the RV STATED VERY DELIBERATELY THAT DASSH, ISIS, ALKADA, SECURITY ISSUES WILL NOT DELAY FINANCIAL REFORM THEY WILL CONTINUE TO MOVE FORWARD TILL COMPLETION.
4-16-2015 Newshound/Intel Guru Eagle1 ...Jack Lew was quoted on FOX Business News as saying that the financial community needs to be aware that several currencies will be undergoing a major revaluation during the next few days. How 'bout them apples!
4-16-2015 Newshound Guru Millionday Article quote: "the Prime Minister Haider al-Abadi, received at his residence in Washington, president of Occidental Petroleum Corporation Steve Jazan and president of Exxon Mobil Corporation..." THIS IS ONE OF THE SIDELINE MEETINGS IN WASHINGTON... THEY ARE HUSTLING. IF YOU LOOK UP THE REFINERIES IN THE WORLD AND THEIR AGE -- YOU WOULD BE SHOCKED -- IRAQ HAS MANY OPPORTUNITIES TO EXPAND AND BRING IN THE REVENUES THEY WERE EXPECTING -- THEY JUST NEED DEVELOPMENT MONEY TO SWAP SOMETHINGS AROUND AND GET ON THEIR FEET BUT THE RETURNS? OH HONEY.
4-16-2015 Intel/Newshound Guru tman23 The only reason the CBI would reinstate the auction is to preserve their foreign currency reserves... Which is a signal that the CBI reserves have begun to plunge... Nothing more Nothing less... Lack of Liquidity is a nice term for being broke... The CBI now needs international purchasing power...
4-16-2015 Intel Guru Frank26 [via FrostyTheSnowman] You all ask for a date/rate...the CBI website shows you the spread calculations of .85 ...no more “sucker bet” ... to about a $1.27 at the very highest $1.35. What’s the date? Well...they finished collecting the 3 zeros and you see they are now working on the opposite end of the spectrum ...7 coins...the 50... they work with the lower denoms under the 50. They’ve give the citizens until April 30th to turn in their old 50’s before they’re null and void! Wow!
4-16-2015 Intel Guru Delta [via FrostyTheSnowman] The rate of the Iraqi dinars has to increase to .85 or .86 cents and at the same time they should introduce the 50 dinar. About a week ago...one leak came out of a Kurdistan newspaper and someone said that they saw the 50 dinar note is ready for distribution. And they looked at it, and said that it had the Kurdish language on it. We all know that there is a lot going on behind closed doors. They are ready to do that and the second question is are they going to wait until they basically collect all of the [old] 50’s which are due to expire by the end of the month? It’s possible that they might do that but they might not because...you hardly see 50 dinar notes inside of Iraq. They might wait a week or 10 day before they pull the trigger. ...based on all of this information...it looks like the 50 dinar note is ready and could come out at any time BUT...they cannot introduce it without changing the rate first. Reports are that they expect to see the rate change at any moment!
4-16-2015 Intel/Newshound Guru Poppy3 TALKED TO A FRIEND FROM WASHINGTON...AND HE INFORMED ME HE HAS BEEN TOLD THE MEETING TOMORROW [THURSDAY] BETWEEN UST, IMF, WORLD BANK LEADERS HAVE DELIBERATELY BANNED OTHER DIGNITARIES ...IN ORDER MAINTAIN THE TOPIC STRICTLY ON FINANCE...SOUNDS LIKE A SERIOUS FINANCE MEETING... WOW.
4-16-2015 Newshound Guru wmawhite strangely enough, they have been telling us for a long time their idea of a rate and date. Months ago, PM Abadi [said] that as soon as they met their challenges with security that Iraq would join the world on the World Economic Stage. He also said that the defeat of ISIL would not take long to accomplish. He is doing exactly what he said he would do.
4-16-2015 Newshound Guru Millionday AS WE KNOW ABADI IS MEETING WITH OBAMA -- A VERY LONG AWAITED MEETING. Article quote: ''Obama expressed his full support to the Iraqi Government in combating terrorists and liberating occupied areas as well in addressing the financial and economic challenges,'' WHOOOPOW. I NORMALLY DONT GIVE MY OPINION BUT FOR OBAMA TO STATE THAT HE IS GIVING FULL FINANCIAL AND ECONOMIC SUPPORT AFTER ALL OF THE SUPPORT THAT IS GIVEN ALREADY -- IT SEEMS STRANGE TO ME AND APPEARS AS IF IT IS TO DO WITH THE DEVELOPMENT THAT WILL BRING IRAQ TO A MARKET ECONOMY -- IMO ONLY. IMF AND WORLD BANK LEADERS ARE IN WASHINGTON REPORTEDLY... [History in the making... It's all unfolding right before our eyes!] YOU ARE VERY RIGHT -- HISTORICAL AND LONG AWAITED -- THESE MEETINGS ARE WITH THE MOST POWERFUL AND RICHEST.
4-16-2015 Intel Guru EXOGEN THE BONDS WERE MOVING DAYS AGO...HOW CAN YOU DO A GLOBAL INTERNATIONAL BOND OFFERING WITHOUT I. T. INFRASTRUCTURE & E-COMMERCE FUNCTIONALITY IN PLACE... THIS IS NOT ROCKET SCIENCE IF YOU PAY ATTENTION AND READ...ABADI COMES TO USA, MEETS WITH CONGRESS, MEETS WITH WORLD BANK, MEETS WITH IMF, MEETS WITH UNITED NATIONS AND OUT OF THIN AIR IRAQ IS NOW DOING A GLOBAL INTERNATIONAL BOND OFFERING WITH I.T. AND E-COMMERCE FUNCTIONALITY READY TO GO.
4-16-2015 Intel Guru TNT Tony [via Adept1] Security was a big issue over the last 48 hours, proving to the banks and oil companies that they are stable enough and have plans in place to protect the oil, etc. We know they are waiting for the announcement of the RV. ...they are excited about seeing something in the next two days, about a currency change... On Monday, we were told the banks should be exchanging on Thursday, and in Baghdad they are saying over the next few days. It could go as long as the weekend.
4-16-2015 Intel Guru DC Now, Iraq has asked the US, IMF, UN and World Bank for money – why? Won’t they be swimming in money? Because they pull the trigger, that doesn’t mean that they will have unlimited amount to spend immediately. There is a deficit in the 2015 budget when it comes to fighting ISIL. The money they are talking about is almost all about fighting ISIL and related groups. So they are asking for cash and also weapons systems so that they can keep fighting. Regardless of the RV, they have to fight ISIL and that is not part of their budget. Iraq doesn’t have lots of spare cash. It’s not like CBI can open its doors and invite the government to spend what it likes. So part of this is about timing, part is about ISIL, part is about having a backup plan, and also about keeping everyone on edge about when this is going through. Right now, everything is fine and they plan to roll this out. [post 2 of 2]
4-16-2015 Intel Guru DC [via Adept1] In Iraq, they are saying that there are many television mantras like “in the next few days, the completion of the economic reform will conclude”, the “economic crisis will be finished in the coming days”, and also “be prepared for the finality of the economic reform.” There is restricted communication between various places, because of things CBI is preparing for. Everything is ready there. In the mosques, they are still saying “it’s coming, it’s coming – it’s for real this time!” PM Abadi...had extremely successful meetings with the President and VP... Abadi is now meeting with bankers in the US and Europe, at the IMF and the World Bank. [Guru] Tony and I believe that it is unlikely that they will do the RI/RV while he is out of country. There is also a very strong argument in favor of Abadi being out of country for security reasons while this goes through...although my money is still on his being in-country. [post 1 of 2....stay tuned]
4-15-2015 Newshound Guru Kaperoni Just because they have not transitioned as fast as we would like to a market economy does not mean what they are doing is not logical. They are being guided by professional organizations, like the IMF, World Bank, and others..they are not going backwards, sideways, or some other direction. It is Iraq, and it will happen on their timeline, not yours.
4-15-2015 Newshound Guru Adam Montana [I have read the HCL is completed and...Do you see this going on much more seeing what has been completed now? Also, shed some light on Malaki...why hasn't he been arrested yet? How much influence does he have?] HCL is Agreed, not Law - so we're still waiting on that. Maliki - I'm not concerned with him. If he's to be arrested, it will happen eventually. I don't see him as an influential figure in the value of the Dinar. If anything, since his political strength is waning, he would want to see it RV ASAP so he can benefit just like us.
4-15-2015 Newshound Guru sczin11 WHY IS PRIME MINISTER ABADI, AND CREW...MOF, MOP, AND OTHERS, IN THE UNITED STATES OF AMERICA, ASKING FOR MONEY, LOANS, MEETING WITH THE WORLD BANK AND IMF, TRYING TO SOLIDIFY A 10+ YEAR 1.5 BILLION DOLLAR, INTEREST FREE LOAN FROM A USA BANK, FOR IRAQI AIRWAYS? YOU DO NOT HAVE TO BE EBULLIENT, TO SEE THE WRITINGS ON THE WALL? THIS IS ABOUT BEING EXPECTANT...THIS IS ABOUT BEING HAPPY SOMEONE TOLD YOU TO BUY IRAQI DINAR....THIS IS ABOUT THE BIRTH OF THE " NEW IRAQ ", THE ONE WHO WILL EMERGE AS THE MOST POWERFUL, THE MOST WEALTHY, PROUD, SOVEREIGN. DEMOCRATIC COUNTRY IN THE MIDDLE EAST! AND GUESS WHAT? YOU ARE A PART OF THIS HISTORIC CHANGE! [post 2 of 2]
4-15-2015 Newshound Guru sczin11 A LITTLE FOOD FOR THOUGHT...DO YOU SEE ALL THE "ECONOMIC NEWS" BEING RELEASED? AIRPORTS WITH LARGE SCREENS FOR INFORMATION AND SUGGESTIONS (MARKETING & SALES)... MORE FLIGHTS TO NEW LOCATIONS ANNOUNCED...TRAINS WITH ADDITIONAL AND MORE SCHEDULES...CABLE/INTERNET WIRING SERVICE/ COMMUNICATIONS...HUGE COMPANIES RENEWING THEIR CONVICTION TO WORK IN IRAQ (JOBS AND MONEY)... AND MANY MORE...WHAT CAN ALL THIS MEAN? WHERE ARE THEY GOING WITH ALL THESE UPGRADES/ IMPROVEMENTS? WHY ARE THEY FOCUSING ON TOURISM NOW? WHAT IS HAPPENING, ASIDE FROM WAR CONTINUING, THAT WOULD REMOTELY ADDRESS THE NEED FOR ALL THESE UPGRADES? [post 1 of 2....stay tuned]
4-15-2015 Newshound Guru Adam Montana [GOI + HCL = RV !! Still standing by that or no?] Absolutely.
4-15-2015 Intel Guru EXOGEN THE BIG BOY GLOBAL 4G LTE NO BID CONTRACTS IN IRAQ ARE ALREADY COMPLETED AND IN FULL MOTION AS OF RIGHT NOW TODAY (HINT HINT) AND WORK ORDERS HAVE BEEN EXECUTED!! [Wikipedia - 4G, short for fourth generation, is the fourth generation of mobile telecommunications technology... LTE, an acronym for Long-Term Evolution, commonly marketed as 4G LTE, is a standard for wireless communication of high-speed data for mobile phones and data terminals.]
4-15-2015 Newshound Guru Adam Montana [I see they restarted on 4-6. Is this due to a liquidity issue in Iraq, or have they moved the process back? What is your opinion on this?] The CBI is a masterful manipulator of the currency, it's value, and the amount in circulation. The auctions are a major part of their M.O. in controlling the situation, and they will never let on to their full plan. I don't watch the auctions as an indicator to the future. ...I focus on the fundamentals - progress, stability, intent. As long as those things stay positive, I'm content to let the CBI do their job.
4-15-2015 Intel Guru EXOGEN HIGH ALERT...SOMETHING GIGANTIC JUST TOOK PLACE IN IRAQ TIED TO GLOBAL BANKING AND INTERNATIONAL E-COMMERCE (HINT HINT) HIGH ALERT: INTEL: AS OF 10:37 AM EST TODAY THE INVESTMENT IS NOW AT THE HIGHEST LEVEL AND POSSIBILITY FOR DREAMS TO BECOME REALITY IF THE USA COMPLETES EVERYTHING THAT NEEDS TO BE COMPLETED... WE HAVE NEVER POSTED A HIGH ALERT SIGN!!! NEVER EVER!
4-15-2015 Newshound/Intel Guru BGG I have recently heard some people expressing frustration over “being on this roller coaster ride”… Wait a sec. No one promised us anything. We bought Dinar as an investment. The only thing it offers is a chance. I, for one – am most thankful to be in on it. Are we close? IMHO – Most likely – 2 days, 2 weeks – 2 months? Tough to say...but close. There have been way too many goings-on in the Iraqi Finance/currency world lately for there not to be something up. I even heard recently – it is likely Iraq will need to add value (while still in Chapter 8 ) to even be considered for entry into Chapter 14 – which is why I have constantly said “not to worry” – I have thought much the same all along. [post 3 of 3]
4-15-2015 Newshound/Intel Guru BGG The auctions have restarted – but relax...I am encouraged. They are working hard on monetary policy. Dr Shabibi shows up at the IMF meeting in Kuwait City (for whatever reason) – the auctions restart (which were Shabibi’s main instrument). Abadi points out he’ll replace critical Maliki appointees – namely, the CBI Gov...and with the auctions the CBI pretty much has to declare autonomy from the GOI and Parliament – meaning they can’t abide by the 75 mil per day limit Parliament put on them. FYI – Dr Shabibi was also a big “separation” of the CBI and GOI kind of guy – very much into the autonomy of the CBI. This move has his prints all over it. JMHO. It stands to reason they would enlist his help – he is one of the architects of the MR plan…not impossible to think he would be a legit contender for the CBI Gov again if they remove Alak anytime soon. [post 2 of 3....stay tuned]
4-15-2015 Newshound/Intel Guru BGG Article: "Parliamentary Finance proposes to make large cash categories" quote: “expected to” measure will reduce the demand for the dollar and away by all the dollarization of the Iraqi currency and the sale, purchase, exchange and trade in Iraqi currency instead of dollars." We believe they are saying it is not larger denominations, but smaller denominations with a larger value – 1, 5, 10, 20, 50 and 100’s...this is Iraq’s way of saying we are about to delete the zeros (through appreciation) and releasing new “higher value” bills. Further – much of the recent rhetoric is starting very much to sound like an educational campaign to their citizens. Seriously (this was part of a Shabibi plan). [post 1 of 3....stay tuned]
4-15-2015 Intel Guru Frank26 The other thing that you have to understand is right now it’s no longer the physical 3 zeros being lifted. RIGHT NOW they are lifting the 3 zeros from the EXCHANGE RATE. So...what is the exchange rate? (Rounding off it’s .00086) HERE’S THE OTHER PART OF THE 3 ZEROS THAT GET PEOPLE CONFUSED... .00086 <<< see that? Take that decimal point and move it [to the right] over 3 places..which give you .86 which is what starts to match up with what’s on the spreadsheet...it started off around 85 cents. If you remove these 3 zeros...what do you get? [post 2 of 2]
4-15-2015 Intel Guru Frank26 [via FrostyTheSnowman] Many of you look at that currency and say they are going to remove these zeros (3 zeros) and all I’m going to be left with is $25. No! That’s where a lot of mistakes are occurring. They’re [CBI] is not doing it from that. At this phase...part 4 of the monetary reform plan...they’ve already collected the 3 zeros [notes...10,000, 25,000, etc.]...off of the streets [in Iraq]...That phase is gone... Why do you think they’re collecting the 50? Because they’re now at the other end of the spectrum. So...before they removed the 50 they went all the way to the other end of the spectrum and what did they go to? [CBI says] 7 Coins in a few days...weeks..it’s coming! [post 1 of 2....stay tuned]
4-15-2015 Newshound Guru Millionday DID YOU SEE IN WASHINGTON THAT THE IMF AND THE WORLD BANK IS THERE AND ALSO SO MANY ECONOMIC MEETINGS BEFORE AS WELL. IT CAUSES ASSUMPTIONS THAT THEY WILL BE INVOLVED WITH AN EVENT SO LARGE. 4-14-2015 Newshound Guru Millionday [Are we waiting for two events? 1. The RV of the Iraqi dinar, and 2. The move to an international currency. How soon after a raise in the rate will the currency be international, or will it happen simultaneously? Does the IMF have to approval of this rate make it international?] THEY ARE THE SAME THING. IF THE CURRENCY IS INTERNATIONAL IT HAS BEEN PRICED BY THE GLOBAL PRICING INDEX. THE CBI HAS THE RIGHT -- INDEPENDENT RIGHT TO SET THE EXCHANGE RATES BUT WE DO NOT KNOW FOR SURE IN THIS CASE IF THE IMF WILL HAVE TO APPROVE WHAT THEY PUT FORTH.
4-14-2015 Newshound/Intel Guru BGG [U FEEL WE ARE CLOSE HONESTLY? WITH IN DAYS?] close - IMHO - yes, days?? Hard to say.
4-14-2015 Intel Guru Delta URGENT FROM IRAQIA TV: THE COMING DAYS WILL WITNESS A NEW CLASS TRADING 50 DINAR IN LOCAL MARKET!!! WE WILL SEE WHAT HAPPEN THIS WEEK!!
4-14-2015 Newshound Guru sczin11 WE MIGHT BE SEEING IN PRINT HERE, FOR THE FIRST TIME, IN TALKING ABOUT THE POSITIONS THAT ARE TEMPORARY AND NEED REPLACING, THE ONE WE HAVE BEEN LOOKING FOR SINCE THE FIRST RELEASE, SEVERAL WEEKS AGO. Quote: "The administration positions proxy will end After the political blocs agree to provide the names of candidates to vote in the House of Representatives to fill these presidencies my own name." IT APPEARS THEY ARE NAMING THE POSITIONS, AND THE NAMES, OF THOSE BEING QUESTIONED, REPLACED...I THINK. IT STATES THE GOVERNOR OF THE CBI, KEYWORDS, IS ONE OF THE POSITIONS THAT IS EARMARKED AS TEMP AND WILL BE REPLACED. ALI ALAQ, MOSHIN ISMAIL, WHATEVER YOU WANT TO CALL HIM TODAY, THE ACTING GOVERNOR OF THE CBI, MALIKI SUPPORTER. WHERE OR WHERE IS...SINAN AL SHABIBI, WOULD YOU SHOW YOUR FACE...OH HOW HAPPY, I WOULD BE!
4-14-2015 Newshound Guru Kaperoni Article quote: "The CBI has decided to take action to stop the decline of the dinar against the dollar in the local foreign exchange market, by doubling the share exchange companies in the Auction of foreign exchange, and open ports to sell the dollar in a number of government banks." Since the CBI is suppose to be independent, and monetary policy is the responsibility of the CBI, I don't see this as a problem. The cap on auctions placed in the budget is IMO a violation of that independence. That being said, the CBI seems to be "again" learning on the job at the expense of the exchange rate. It has also been implied that this is "planned." Who knows? It could be and we may be in the process of seeing a disorderly exit from the peg to a float.
4-14-2015 Newshound Guru sczin11 I AM NAIVE, AND TRULY HAVE NO CLUE HOW TO UNDERSTAND THIS... NO LIQUIDITY, LITTLE BUDGET FUNDING, WAR TORN COUNTRY, BOMBINGS AND KILLINGS EVERYWHERE, CONFLICTS BETWEEN REGIONS, FULLY SEATED GOVERNMENT STILL IN THE WORKS, CURRENCY NOT INTERNATIONALLY RECOGNIZED, TOURISM DOWN...THE KEY TO THE VERY EXISTENCE OF THIS BEAUTIFUL NATION...TOURISM...I REPEAT IS DOWN...HOTELS CLOSING...YET, AIRLINE FLIGHTS INCREASING TO MANY NEW LOCATIONS, PASSPORT/VISA OFFICES OPENINGS, TRAFFIC LAWS/CONTROLS/SAFETY CONTINUE TO BE PASSED, BUILT, AND ENFORCED...NEW TRAINS AND SCHEDULES FROM PORTS TO MAIN CITIES ARRIVE...AND THERE IS MONEY FOR THIS? WHY? YOU MUST BE BLIND IF YOU REALLY DONT SEE THIS PICTURE, IT IS AS CLEAR AS DAY! IT CAN ONLY MEAN ONE THING...THIS IS ANOTHER AREA PREPARING FOR THE POWER OF THE MIDDLE EAST, IF NOT THE POWER OF THE WORLD, TO EMERGE, A WEALTHY, SOVEREIGN DEMOCRATIC SOCIETY, BY THE PEOPLE, FOR THE PEOPLE OF THE NEW IRAQ.
4-14-2015 Intel Guru Jester [Have your heard anything new from HP [Guru Hocus Pocus] or the sandbox today?] ACTUALLY I DID. WE BEEN TRYING TO RUN DOWN ALL THE "BUDGET IS IN THE GAZETTE" STUFF... NO JOY SO FAR... JUST REPORTING IT THE WAY I AM GETTING IT... HOWEVER... THE TV NEWS HAS RAMPED BACK UP AND THEY ARE DOING THE "OUR MONEY IS GOING TO BE WORTH MORE SOON" THINGIE...WE ARE WATCHING THIS ONE CAREFULLY AND TRYING TO GET ALL THE INFORMATION WE CAN... BUT IT IS NOT ON THE STREETS IN IRAQ YET... THAT IS WHERE OUR GUY IS. [Do you see any positive from Abadi's meeting in Washington?] ACTUALLY I HOPE SO... I HAVE SOME VERY INTERESTING NEWS ABOUT WHY HE IS HERE...THE FACT OF THE MATTER IS THE REASON HE IS HERE IS PURELY CONJECTURE. THE WAY I HEAR IT...FROM [GURU] HOCUS POCUS... IS HE IS HERE TO WORK OUT SOME FUTURE POLITICAL, ECONOMIC AND MILITARY ISSUES WITH IRAQ AFTER THE RI...[they seem to be moving along here.] WELL IT SEEMS SO ANYWAY...WE WILL HAVE TO WAIT AND SEE...
4-14-2014 Intel Guru Frank26 [Abadi] will also give the IMF a report while here [in the USA]...what does the IMF hold? Article 8. The CBI spreadsheet has a rate family between 85 cents to a dollar plus. And they tell you they will remove the 50 by April 30, 2015. Let’s see here a rate and a date. Well now that’s interesting – rarely seen that close together. The change of the monetary policy typically occurs in the middle of the month but I don’t think that’s going to happen in this case. There is a committee right now to monitor the IQD currency process. These committees are set up to monitor the process of the switch of the rate. The HCL is in the BUDGET and will come out when the GOI CBI says so. Our Teams are telling us that they’ll show it to us next month. Dr. Shabibi is taking his time. There is constant progress in what we’re seeing! The CBI is in the process of lifting the 3 zeros to add value... both the GOI and CBI are boasting of the MR of the IQD. [post 2 of 2]
4-14-2015 Intel Guru Frank26 SECURITY..SECURITY...SECURITY! The IQD is being SECURED and is much farther along than you may think. The banks in IRAQ have been taken back. Does that secure the MR of the IQD. Yes! How about Maliki? He’s ancient history – it’s like he doesn’t exist anymore. What other form of SECURITY do we want? The currency itself needs to be SECURED. Have you seen the COINS or LOWER DENOMS? “How’s that for SECURITY?” Do you see counterfeiting/smuggling being an issue? No, actually they talk about preventing it now. That’s SECURITY for the IQD! The lower denoms are Dr. Shabibi’s plan. You didn’t even know that Dr. Shabibi was being protected by iTeam did you? There are 4 parts to the monetary reform of the IQD established back in 2006. We are in the last and 4th part. The MR is working well! [post 1 of 2....stay tuned]
4-14-2015 Newshound Guru Millionday [...if they are working this much...and going thru so many changes...do you think they will want to have a mediocre currency? one that will fit nicely towards the bottom of the M.E. countries?] THEY HAVE MADE IT VERY CLEAR IN MANY STATEMENTS HOW LARGE THEY WANT THE DINAR TO BE TO THE GLOBE --- SMILE --- I BELIEVE IT WAS THE STRONGEST IN THE REGION THEY STATED --- I WOULD THINK IT WOULD BE BY GLOBAL PRICING INDEX CALCULATION THOUGH NOT THE NUMBER PAIRED -- IT REFERS TO THE GLOBAL PRICING INDEX.
4-14-2015 Newshound Guru tlm724 Articles: "Parliamentary Finance proposes to issue large cash classes to maintain the value of the dinar against foreign currencies" "House extends the legislative term second extra months" "Formation of a committee to issue coins of 50 categories and 100 dinars pave the way for the abolition of zeros" "Finance Committee announced on Saturday, for the formation of a committee to study the issuance of coins" "Parliamentary Economic reveal the issuance of new currency of the type 50 and 100 000 dinars" thats at least 5 sources...that we have for this news...Iraq is putting out a media blitz to inform the public to be on the look out for a change in the currency imo!
4-14-2015 Newshound Guru Millionday [with all the articles over the last week about green lights, and oil prices, and the zero project underway and large coins and less dinar numbers and the north passing their HCL and now the budget law and on and on...is there ANY reason you can think of that we shouldn't be excited?] I CAN SAY WITH THE MANY THINGS ECONOMICALLY GOING ON AND THE MILITARY SUCCESS AS WELL WE HAVE SEEN -- I AM EXCITED -- I SEE GREAT SUCCESS AND KNOW THIS IS A LONG TIME INVESTMENT BUT IT HAS BEEN YEARS AND IT APPEARS WITH THE BUDGET AND THE INVITE OF INVESTORS THEY ARE HEADED FOR A MARKET ECONOMY -- THAT REQUIRES A PRICE -- I DONT KNOW WHEN OR HOW MUCH BUT IT LOOKS LIKE PROGRESS TO ME AND EXCITING. 4-13-2015 *** Dinar Guru News Update *** Prime Minister Abadi will meet personally with United States President Obama THIS Tuesday in the White House in Washington DC...they are expected to discuss a road map for the long term plan for Iraq and US relations. Stay Tuned as the Gurus report on this monumental and very rare get together. The latest Guru updates will continue below...
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4-13-2015 Intel Guru TerryK HERE IS SOME NEWS...I WILL KEEP IT VERY SHORT...GET YOUR SHOES READY...THAT'S ALL IM GOING TO SAY.
4-13-2015 Intel/Newshound Guru Backdoc WE SEE BANKS ACCEPTING OLD DAMAGED AND WORN OUT BILLS DEPOSITED INTO DIGITAL FORMAT BUT NOT REPLACED! MMMMM SMART! THE IMPORTANT THING TO NOTE HERE IS THAT DIGITAL CAN BE ADJUSTED WHEN THE RATE GOES LIVE! YOU SEE, "VALUE CAN BE ADJUSTED INSTANTANEOUSLY”. IT'S HAPPENING RIGHT BEFORE OUR EYES! IT’S HIDING IN PLAIN SIGHT! ONE STEP AT A TIME! THE FRONT DOOR IS OPEN BUT WHEN THE BACK DOOR CLOSES YOU WILL WAKE UP TO AN ACTIVATED ECONOMY WITH THE INTERNATIONAL RATE! [post 2 of 2]
4-13-2015 Intel/Newshound Guru Backdoc THE OIL MINISTER AS WELL AS PM ABADI CALLED FOR ACTIVATING THE ECONOMY AND TODAY THEY ARE IN THE USA IN A HIGH DELEGATION... DISCUSSING MAJOR ISSUES OF WHICH THEY MENTION, DEFENSE, AND ACTIVATING THE IRAQI ECONOMY! CURRENTLY, WE SEE THEM BEGINNING TO IMPLEMENT THE BUDGET PIECE BY PIECE NOW THAT IT IS PRINTED AND IN THE GAZETTE. AS THEY SAID IN THE NEXT FEW DAYS THEY WILL DISBURSE THE REMAINING 70% OF THE BUDGET! OF COURSE CURRENTLY, WHAT THEY ARE DOING ON THE DISBURSEMENT SIDE IS ALL DIGITAL! SALARIES ARE BEING DISBURSED DIGITALLY ON THE SMART CARDS! [post 1 of 2....stay tuned]
4-13-2015 Intel Guru TNT Tony Abadi and his entourage are in the US right now, and they are scheduled to have an appointment with President tomorrow, plus many meetings over the next three days while they are here. The news on television is still saying the final phase is coming to an end in the coming days… even though that has been seven days now. Announcements have been made in the mosques, too. The people of Iraq were told this was going on Sunday. Banks told their people to be prepared for a huge crowd on Tuesday morning. That was the plan as of last Sunday, so people were very exciting. It didn’t happen Sunday or today, but there is another projection. I don’t imagine it will happen while PM Abadi is here...
4-13-2015 Intel/Newshound Guru tman23 ...the pulling of the 50 is not only to avoid confusion but also an exchange test run AND transfer to destroy the notes...There is to be a major change scheduled on 5/2... speculation could run wild on what it involves..But I guarantee you a change to money or Qi Cards or some payment system is scheduled on 5/2... And this is NOT SAYING RV.
4-13-2015 Intel Guru DC We are still where we were on Friday, everyone is on call, ...Everyone is still on lockdown. Iraq is very ready, preparing things. Abadi is in the US right now, but the Iraqi television is still expecting monetary reform in the next few days, Iraq is the strongest country in the world, etc. In Iraq, they strongly believe this is the final week. They are not prepping for the RV to be months away but to go through now, by the 15th. Can things change? Sure. Everybody is prepared for this to go through... we believe they will wait for Dr. Abadi to get back to Iraq on Wednesday... let’s hope and pray this goes across the finish line.
4-13-2015 Newshound Guru Millionday "Iraqi Central Bank was established as an independent entity by virtue of the law ratified in March 2004. It is responsible for maintaining stable prices and implementing monetary policies including exchange rates policies, managing foreign reserves, issuing and managing currency in addition to organizing the banking sector to promote an independent and competitive financial system." SO AS WE SEE -- THAT IS THE JOB OF CBI FOR THOSE OF US THAT ARE NEW...
4-13-2015 Newshound Guru sczin11 REALITY RATE = TRUE VALUE - TRUE VALUE = SUPPLY AND DEMAND. THE MONEY SUPPLY IS/HAS BEEN IN PROCESS OF BEING REDUCED FOR A WHILE NOW. WE HAVE SEEN THE MEETINGS OF TRAINING THE BANK EMPLOYEES FOR COUNTERFEITING- WE HAVE SEEN THE ANTI MONEY LAUNDERING WORKSHOPS - WE HAVE SEEN 50 DINAR NOTES RECALLED TO A WORTHLESS VALUE IN JUST 60 DAYS OF TIME...ER [ECONOMIC REFORM] CAN NOT GET TO WHERE IT NEEDS TO BE WITHOUT MR [MONETARY REFORM]... JMHO
4-13-2015 Intel Guru Mnt Goat to our surprise the other day out pops a major 2014 budget revision as it gets raced through parliament, gets ratified and posted in the Gazette in record time. It also now includes sections related to HCL that were left out of the first draft budget completed and posted in the Gazette. This was expected since we know they have been paying out already on HCL. This also confirms to use once again HCL is done.
4-13-2015 Intel Guru TerryK GOT WORD LATE LAST NIGHT THAT IRAQ IS ON A TIPPING PLATFORM...IN OTHER WORDS IF THEY DON'T MAKE SOMETHING HAPPEN WITH THE VALUE OF THEIR CURRENCY THEY ARE GOING TO CRUMBLE TO NOTHING. THE INFRUSTRUCTURE AS WE KNOW IT WILL FALL. HEARING THAT ABADI IS ASKING FOR RELEASEMENT THRU OBAMA AND THE UST TO THE IMF TO LET THEM INCREASE THE VALUE OF THE CURRENCY. NOW WITH THAT SAID I'M REALLY CONFUSED HOW THE USA CAN STILL HOLD ONTO THIS AND WHY. I THINK THIS WEEK WE SHALL SEE ALOT OF THINGS HAPPEN.
4-13-2015 Newshound Guru Kaperoni the dinar will rise in value based on economic pressure. That pressure comes through the capital account. As more investors come into Iraq, it creates inflationary pressure which then the dinar rises to compensate...the rate of the dinar will be set by supply and demand...it should not say weak long. But it must start weak to reduce the money supply. Iraq is an emerging market. They are doing things to succeed not fail. Slow and gradual.
4-13-2015 Intel Guru Frank26 [i am sick of this roller coaster.] When You bought Your dinars no one promised You anything. But I can Promise You this MR [Monetary Reform] Lave Flow is Hot and progressing...IMO...We...You are at the end of this race. PS...For those confused???...HCL IS DONE...Hence it's coming.
4-13-2015 Intel/Newshound Guru Poppy3 IF YOU BEEN READING THE NEWS FLOWING LIKE MILK AND HONEY FOR THE LAST 8 DAYS...EVERY REPORT HAS POINTED TO THE COMPLETION OF FINANCIAL REFORM...FROM ABADI TO DR SHABIBI, IMF, WORLD BANK, ETC. ...THEY KNOW EVERY DETAIL THAT MUST BE DONE...AND ARE PUSHING TO GET IT THERE. ...LIKE [GURU] BGG SAID THE OTHER DAY...THEY WANT AND NEED THE SAME THING WE DO. THAT IS TRUE SO OUR REWARD IS INEVITABLE AS SOON AS THEY CAN LINE THINGS UP TO PRESENT THE NEW RATE TO US.
4-13-2015 Newshound Guru Millionday THE BUDGET WAS PRINTED IN THE GAZETTE TODAY. THIS IS FROM THE PRINTED BUDGET IN THE GAZETTE. "The House of Representatives voted nine minutes of the second legislative term in the first legislative Psonth (29/01/2015), the draft federal budget for the 2015 law, the value of 119.5 trillion dinars and a deficit of about 25 trillion" ...SO THERE IT IS...FINALLY...WHOOOPOW...THE BUDGET IS LAW.
4-13-2015 Intel Guru EXOGEN IRAQ IS NOW OUT OF TIME & GAMES ARE OVER...UST NOW PLACING PRESSURE ON IRAQ TO EXECUTE. THIS WEEK WILL BE VERY BUSY...HIGH LEVEL PLATFORM ACTIVITY-NO HOLDS.
4-13-2015 Newshound Guru Millionday Article Quote: "Prime Minister Haider al-Abadi will discuss four files with the US administration during his visit to Washington, while calling for the need to have the Iraqi delegation "marginal" with the US administration on the outstanding issues. "Prime Minister Haider al-Abadi visit to the United States acquires meanings of special importance being the first visit to Ebadi to Washington," noting that "agendas files Abadi in this visit will be a big and complex." THE AGENDA IS BIG AND COMPLEX -- NICE. THIS VISIT IS VITAL AND TO ADD CONFIDENCE...THE VISIT WILL BE FOR DAYS -- AND COVER FOUR SUBJECTS...HE LEAVES TOMORROW [MONDAY] MORN.
Read more: http://www.dinarguru.com/#ixzz3YW2gC8AN
4-26-2015 Newshound/Intel Guru BGG ...I believe we are as close - right now - as we ever have been....that is my honest opinion (and nothing more)...too many financial moves being made in Iraq - ie "smoke" - for there not to be some fire. I don't care what number it starts at - let's just get started!! having spoken with some very learned economists - if it does start low - it won't be long before it's right were it belongs.
4-26-2015 Newshound Guru Millionday [I heard from a company that deals in bonds that the holdup with th RV is due to the US vetoing the votes at the UN and IMF to allow the RV. Can you comment on that?] I DONT KNOW ABOUT THE VETO...BECAUSE I HAVE NO INK ON IT BUT THE REPORT...WITH COMMENTS FROM SALEH LEADS US TO BELIEVE WITH THE MANY FROM THE US DUE TO THE WASHINGTON VISIT ARE MAKING CONTRACT BIDS THAT ARE BEING CONSIDERED RIGHT NOW FOR THE ACTIVATION OF THE SFA -- THAT IS VERY ENCOURAGING DUE TO THE CONTENT OF THAT AGREEMENT AND ITS APPLICATION TO THE MARKET ECONOMY GOAL OF IRAQ. ALSO THE LAW BEING WORKED ON FOR THE SFA IS GREAT NEWS AND WOULD NOT IMPLY ANY SORT OF VETO FROM ANYONE OR MAKE ANY SENSE BUT I HAVE NOT SEEN INK.
4-26-2015 Newshound Guru wmawhite [whats your take on the "float from 1166" theory?] Never will happen...why start selling your country for $0.00086 per share? ...open the entire country up via the ISX at $0.00086 then Iraq gives away their country...we are being told day after day of what we want to hear. The CBI, GOI and others are telling us what their plans are. Again, they want the world to invest in their country. Does anybody believe that they will sell their country to the world at $0.00086 per share? I don't! IMO, the IQD already has a much greater value than 1166 and that is why the CBI will release it at a value greater than 1166. IMO, it will be released at a value that will bring the costs of imported goods down substantially. The immediate lowering of the costs of goods will spark spending by the citizens ...something they haven't had in many years. ...we have reason to believe that they are very close to the end of the process of introducing the IQD back into the world currency markets.
4-26-2015 Intel/Newshound Guru tman23 Abadi back in January asked the citizens to be patient until June... This was in regards to back pay and raises that are to be retroactive back to January 2014. That being said...These citizens are EXPECTING back pay including the raises which are at the least 400,000 IQD per month. This has not gone away as citizens keep inquiring and are told the "State is not Bankrupt" and to remain patient. Then Abadi announced a few days ago that starting July all payments will be made on time. So YES it appears June may be a strong month...very strong!
4-26-2015 Newshound/Intel Guru Bluedog MANY THINGS HAVE TO BE IN PLACE...AS THE BASKET OF LAWS... THIS COUNTRY HAS STARTING OVER...THEY ARE VERY READY AS THEY HAVE WORKED ALMOST CONTINUALLY LIKE WORK HORSES SINCE LAST YEAR.
4-26-2015 Newshound Guru Millionday Article quote: "The President of the Republic Fuad Masum that "achieved victories against the terrorist organization Daash create an atmosphere appropriate for national reconciliation and justice to the oppressed and to prevent dictatorship and monopolize power." THIS SPEECH WAS MADE TO THE PUBLIC BY PRESIDENT MASUM CLAIMING THAT THE COUNTRY HAS ACHIEVED VICTORIES THAT CREATE ATMOSPHERE FOR THE NATIONAL RECONCILIATION CONFERENCE -- WHOOOPOW -- WE HAVE SEEN PREPARATIONS FOR THE IMF FUND AND NOW THE ANNOUNCEMENT OF AN ATMOSPHERE FOR NATIONAL RECONCILIATION --- WHOOOPOW. [post 2 of 2]
4-26-2015 Newshoung Guru Millionday Article quote: "Commission revealed the economy and investment parliamentary Saturday, its intention to submit a proposal law establishing a sovereign wealth fund to attract investment in Iraq, while showed that this fund will be linked to the International Monetary Fund to give guarantees to investors." THE FACT THAT THEY ARE ESTABLISHING THIS AS LAW SHOWS US THAT THE FUND IS GOING TO BE SET UP WITH THE IMF OR THEY WOULD NOT BE TO THIS STEP -- THE FUND ITSELF IS FOR THE STABILIZATION. IT SEEMS AS THOUGH THE CONTRACTS ETC...AND THE MANY INVESTORS MAY CAUSE AN IMMEDIATE NEED FOR THE FUND...THE DEVELOPMENT IS GOING TO BRING IN HUGE FOREIGN CURRENCY EXCHANGES WE WOULD ASSUME. ...INTERNATIONAL INVESTORS AND THE EXCHANGE AT PORTS AND THE EXCHANGE AT AIRPORTS AND THE FUND CALCULATIONS WOULD LEAD YOU TO BELIEVE THEY ALSO NEED TO HAVE AN INTERNATIONALLY ACCEPTED CURRENCY... WHOOOPOW. [post 1 of 2....stay tuned]
4-26-2015 Newshound Guru Enorrste I misspoke in saying that it would be $1 to 1 dinar when the notes are issued. [reference Enorrste's post 4-25-2015] What I meant to say is that WHEN it gets to $1 per dinar then these notes would be worth $50 and $100 respectively as Saleh said in 2011. The error is mine. ...the smaller notes will come out as needed, as the value rises. Since a 25000 note will be worth $2500 at 10 cents per dinar it is clear that the removal of the large notes will occur even before then. This means that the smaller notes, including the 50 and 100 talked...will have to come out well before $1 per dinar, and probably as low as 10 cents per dinar, when they would be worth $5 and $10 each. Then they would rise to an "eventual" value of $50 or $100 according to Saleh. Of course we believe it will go even higher eventually.
4-26-2015 Newshound Guru Millionday Article quote: "Commission revealed the economy and investment parliamentary Saturday, its intention to submit a proposal law establishing a sovereign wealth fund to attract investment in Iraq, while showed that this fund will be linked to the International Monetary Fund to give guarantees to investors." THIS IS THE CONNECTION TO THE IMF FOR INTERNATIONAL INVESTMENT -- THIS IS A FUND THAT IS USED IN MULTIPLE COUNTRIES AND OBVIOUSLY HAS NOT BEEN NEEDED IN IRAQ. THIS IS A STEP SOME HAVE BEEN WAITING FOR SO THIS SUBMISSION IS SOMETHING SOME WILL BE VERY HAPPY ABOUT... THIS IS REALLY HUGE...
4-26-2015 Intel/Newshound Guru Backdoc [Are we now waiting until October for the RV?] Terminology: IR INDEPENDENT RATE; RI REINSTATEMENT; RV. REVALUATION. MY UNDERSTANDING IS A CURRENCY MUST BE REINSTATED AND LOCKED IN WITHIN 90 DAYS. ONCE THAT IS IN PLACE A REVAL IS POSSIBLE AT ANY TIME PER [GURU] EAGLE ONE. WE ALL EXPECT A REINSTATEMENT SOON DONT WE? AN RV IN JUST MY OWN CRAZY OPINION MAY BE LIKELY LATER IN EARLY FALL. IMHO. 4-25-2015 Intel/Newshound Guru Poppy3 WOW! ALL NEWS FROM BAGDAD IS VERY POSITIVE AND ENCOURAGING. HEARD LATE LAST NIGHT THAT THE CITIZENS ARE EXCITED AND WERE TOLD LAST WEEK TWICE THEIR CARDS WOULD BE CHARGED WITH CURRENCY ON NEW HIGHER RATE ASAP. THEY SAID IT IS SUPPOSED TO HAVE ALREADY HAPPENED BUT THAT THERE WERE DETAILS THAT WERE THOUGHT TO HAVE BEEN COMPLETED THAT THEY FOUND STILL HAVE MINOR ISSUES TO BE CORRECTED ...AND THAT ON THURSDAY ABADI ANNOUNCED THAT HE WAS CANCELLING ALL TIME OFF TILL THE GOI COMPLETED ALL THEIR DETAILS NEEDED BEFORE ANYONE WOULD GET TIME OFF FOR ANY REASON. PEOPLE ARE VERY EXCITED AND KNOW ABADI IS SHOWING THE PEOPLE HE IS A GOOD LEADER . HE HAS AND IS WINNING THE PUBLIC'S RESPECT. THIS REPORT SHOULD BE VERY ENCOURAGING FOR ALL OF US. PENDING ANY UNFORESEEN PROBLEMS NEW RATE CAN POP AT ANYTIME.
4-25-2015 Newshound Guru Enorrste [reference Enorrste's post 4-26-2015 for update on this post] Article quote: "the Central Bank of Iraq continues to work for the issuance of two new categories of currency fifty-two thousand and one hundred thousand dinars, "noting that" the central bank has taken the necessary preparations for it." KAP [Guru Kaperoni] ...pointed me back to the 2011 article...in which Saleh clearly states that the use of the phrase "50000" and "100000" dinars actually refers to the "value" in today's dinars (about $50 and $100) that these new notes will have once issued. The notes themselves, however, will have the zeros removed, as Saleh stated, meaning that what will actually be printed will be 50 dinar and 100 dinar notes, worth about $50 and $100 respectively when they are issued. In other words, the CBI is expecting to issue these newer notes after the dinar rises to about $1 to 1 dinar in value. Overall, this is a great article, because it is saying clearly that the "preparations" are in place and that the "plan" is underfoot. All good news!
4-25-2015 Intel Guru Mnt Goat we are moving closer and closer to a June timeframe with much optimism...there is a close at hand future timeframe coming to us when we will see this revaluation. It is coming soon and it MUST happen. The Iraqi RV will be a final event that will turn the page on the entire middle eastern region. Yes – it is now not just about Iraq or saving the global economy but about an entire middle eastern regional event. I want to also state and stand my ground. Maliki must be dealt with prior to any peace in Iraq and any RV!
4-25-2015 Newshound/Intel Guru BGG ...there is an extraordinary amount of "financial mechanations" going on in Iraq as follow-up to Abadi's DC trip... I will say Abadi came home with all the prizes... he left nothing on the table...respect, money, aid, credibility, good PR - he got it all...after all we have seen - it is hard to jump to early conclusions, but he does appear to be getting the job done.
4-25-2015 Newshounds Guru Millionday Article quote: "Announced by National Forces Alliance victory for al-Jubouri Cancel House of Representatives legislative holiday for its members for the month of May with a view to the next important laws..." HOLIDAYS ARE CANCELLED FOR THE MONTH OF MAY TO VOTE IN THE IMPORTANT LAWS. Article quote: "Jubouri also demanded the adoption of important laws...as the law of the Federal Court and the law of parties, and the law of oil and gas in addition to the National Guard Law." THE HCL IS ONE OF THE LAWS THEY ARE GOING TO BE CANCELLING HOLIDAY TO COMPLETE.
4-25-2015 Intel Guru DC Absolutely should have gone Monday night. A lot of promises have been made for the next four days. Everything on the edge. Everyone planning for it. We are very, very close again.
4-25-2015 Intel Guru TerryK GOT A FEW CALLS TODAY...SOME OF THEM TELLING ME...MON TUESDAY THIS COMING WEEK...OTHERS SAYING FRIDAY NEXT WEEK AS THE DEADLINE FOR 50 DINAR NOTES IS DUE AND THEY WILL MOVE AFTER THEY ARE NO LONGER GOOD...TAKING THOSE BILLIONS OUT OF CIRCULATION...THEN HERE IS ANOTHER LITTLE TID BIT I HEARD...THEY MAY DO THE SAME WITH THE 250 NOTES AND GIVE THAT 60 DAYS AS WELL. IF THAT HAPPENS THEN THAT WILL PUSH WINDOW OUT FURTHER.
4-25-2014 Intel Guru TD ...The IMF is providing emergency assistance as recently announced. The Kurds are getting loans from Turkey . Prices of goods are under inflationary pressures . Make no mistake about it the declining oil prices are hitting their coffers hard. Abadi is asking for help from anyone who will listen to him but many are just not listening . Bottom line : Iraq not only has its military challenges with ISIS but also is in a financial mess . Before any real international confidence of foreign capital is viable, it's own citizens must have the confidence and "believe" in the viability of the internal banking system and STILL Iraqis are skeptical of its own banks. All this equates to months of sorting out paths to get out of deep holes. It is therefore "wild speculation" to think Iraq can ( in the foreseeable future) regroup fast enough to execute any serious monetary reforms and enter the international arena with a stable, sustainable and increased rate of it's currency rate to compete in direct proportion ( peg) to other major currencies of the world . 4-24-2015 Intel Guru TNT Tony The good news is everything is moving forward. Everyone is feeling the pressure…from governments, from the people of Iraq. We are hearing from the citizens themselves. Our understanding is over the weekend or first of next week. We are expecting it. Everyone is on the highest of alerts.
4-24-2015 Newshound Guru Adam Montana I don't think there's another currency with this kind of potential. We're in a once in a lifetime situation. Actually, a once in EVER situation. Fortunes will be made, lost, squandered, multiplied, donated, ignored... this is an amazing time. I'm so happy and blessed to even be a part of it! I have 100% proof that big money is [invested] in IQD…Follow the money, my friends! We are getting close.
4-24-2015 Newshound Guru Kaperoni Article quote: “head of the parliamentary bloc behind Abdul Samad behind, on Thursday, a decision Customs Directorate of the southern region, the private activated the tariff law in all centers and ports, which oversees them.” Of course prices go up with tariffs! This is exactly why the CBI cannot sit still and do nothing
4-24-2015 Newshound Guru tlm724 Article quote: "special private banks urged to find partnerships with international banks to create investment opportunities and operation of labor," in addition to "educate citizens to deposit their money in banks.” there have been so many articles and statements from the Private Banking Assocation lately, they have been screaming for help and inclusion in the banking sector and now they have it…it proves they are serious about the economic reform ! …these are the moves that will bring about a strong financial system in Iraq and with that strength comes the courage and confidence to go forward with the currency reform !!! NO doubt about it and this is just what the doctor ordered !! ( Dr. Shabibi that is ! )
4-24-2015 Newshound Guru Breitling …they are going to add value to the currency. Why would they put laws into place where Iraq is interacting with other countries when their currency is at a tenth of a penny? There's no need! That's why you and I are speculating...we're getting in at the streets are bloody level…it doesn't sound pretty but that's when we got in…that's when you're supposed to…at the end of a war or right in the middle of a war. They are getting to the level where countries are going to start participating. It's a big deal to hand out bonds like this cause you have to guarantee them...
4-24-2015 Newshound Guru Breitling [Why bonds in dollars would lead us to believe they are about to raise the value of the dinar?] This is a very important subject. 1. The CBI is trying to suck up the US dollars in Iraq and that has to do with competition within Iraq itself…If they are not using the Dinar they are using the dollar. As long as there are a certain amount of dollars in the economy that destroys the velocity of the dinar. So they simply want to soak it up. It's very simple. 2. They also want to get Foreign investors in Iraq. And they want to take those Dollars and put it into their foreign currency account…so they can back up what? The dinar and the value of the dinar going up. It's actually a beautiful plan. They are taking the plays from the playbook of Japan and Germany…it's no coincidence they have these banking laws coming up…they want to have control of the imports and the exports and that's why there is banking laws and tariffs and all these new laws they are putting in place…it means 1 thing…[Post 1 of 2 stay tuned for the rest of the story]
4-24-2015 Intel Guru Jester THERE IS A LOT OF POSITIVE EXPECTATIONS RIGHT NOW...THINGS ARE CREEPING EVER SO SLIGHTLY THE RIGHT DIRECTION...IT IS ONLY A MATTER OF TIME...DO NOT BE CONCERNED THAT IT IS NOT GOING TO HAPPEN...IT IS HAPPENING.
4-24-2015 Newshound Guru Kaperoni Article quote: “Iraq agreed at the closing of his talks with the International Monetary Fund, the Fund to provide emergency financial assistance within the government's plans to reduce public expenditure.” Iraq does seem to be creating the perfect storm for currency reform...higher prices in the markets, loans, investment agreements, low oil prices, delayed wages and salaries,etc. It would seems something has to give soon. 4-23-2015 Newshound Guru FrostyTheSnowman Get excited! IMO ... these "50's" aren't expiring just because the CBI wants to look busy.
4-23-2015 Intel Guru Frank26 Article quote: “Directorate decided Comerk southern region, activation of the customs tariff in all centers and ports, which are supervised by law.” IMF ONLY WANTS TWO THINGS TO CONTINUE HELPING IRAQ...ONE WAS ARTICLE 8 COMPLIANCE WHICH IS LIFT THE 000'S AND THE SECOND WAS...THIS !!! These LAWS are a REALITY in formation ... Creation ... Manifestation. This is good ... Real good... Our TEAMS told YOU what to look for this week and You are SEEING it.
4-23-2015 Intel Guru TNT Tony [via Already Blessed] WE ARE STILL HEARING IT COULD HAPPEN ANYTIME...STILL HEARING THE BANKS ARE ON HIGH ALERT....STILL HEARING THE RATES ARE THE SAME AND COUNTRIES AROUND THE WORLD ARE ON ALERT....SO WE JUST HAVE TO WAIT FOR IT TO HAPPEN.
4-23-2015 Intel Guru EXOGEN THE 4G LTE MOBILE EXPLOSION IS NOW LIVE IN IRAQ. So, look out world – Iraq is ready for the international community. The future is coming.
4-23-2015 Newshound Guru wmawhite [How long do you think it will take to get HCL done…?] IMO...it is done...now comes the implementation and the many agreements that make it up. [will ISIS hold this up IYO?] I believe in what PM Abadi has stated many times that he is not letting ISIL stop the growth of Iraq. Remember, this will be a financial event and the success of it will come from the confidence the international community has in Iraq. Right now the face of Iraq and its future success is PM Abadi.
4-23-2015 Newshound/Intel Gurus BGG & wmawhite Guru wmawhite: I have seen the translation of the original statement by the CBI from several different translators and they stated it is not speaking about 50,000 and 100,000 notes. Instead, the CBI statement was about "like value" similar value. Guru BGG: I agree - IMHO - everytime they raise this 50k - 100k issue it is a "value" statement and not an actual "printing on the face" comment…it is meant to get their own people used to the coming value...part of the "educational campaign" Shabibi was known for discussing…and if we are in the "educational campaign phase..." which it looks like…then we are VERY close to seeing a shift in value. Guru wmawhite: I am very excited about where we are based upon FACTS GIVEN TO US BY THE cbi/goi... AND THAT IS NOT RUMOR.
4-23-2015 Newshound/Intel Guru Adam Montana My day has been PHENOMENAL. I mean REALLY exciting - but like a few people mentioned… we're still waiting. But I'll tell you one thing... this is the most excited and... what's the word... I don't know, maybe "buzzy". This is the most excited and buzzy I've seen my dinar contacts in a LONG time!
4-23-2015 Newshound/Intel Guru Bluedog I ALWAYS REMIND MYSELF THIS IS A SPECULATIVE INVESTMENT AND THINGS COULD OCCUR BUT YOU WANT TO KNOW IM VERY EXCITED RIGHT NOW. ALL THE THINGS I HAVE STUDIED…ALL THE MOVING PARTS ARE COMING INTO LINE…KNOWING WHAT I HAVE RESEARCHED SO FAR…I AM MORE EXCITED THAN EVER NOW I BELIEVE…
4-23-2015 Newshound Guru wmawhite This is involving two different events...the change of currency inside Iraq, thus getting the citizen to understand what they will have to use...and an different event outside of Iraq which is the change in the value of the currency.
4-23-2015 Newshound/Intel Guru BGG The recent trip to DC could not have gone better for Abadi. He has gained the attention of world leaders and…quite literally, gained the attention of the FINANCIAL WORLD!! I think Abadi came back from DC with the broad based support here, there and in the financial world he will need to get things done in short order. This flurry of activity by both ISIS and his enemies within – was all just “knee-jerk” reaction or attempted counter to how well things were going for the new GOI. Ramadi is now getting serious support from Baghdad – (as soon as he showed back up there), Baiji turned out to be little more than a diversion and the bit about his spokesperson being somehow affiliated with Saddam was handled quickly and appropriately. He stole all the thunder from these potential detractors. He got massive support from the IMF various banks, the US (weapons and aid) and HUGE credibility – which he will need in the near future…and then…We’ve had this rash of “secret meetings” (in the press – ??) lately – more than I can ever recall…one of which was Parliament on Sat and then one with the IMF “allowing” Zebari to sit in…The last week or so has seen a MASSIVE SHIFT in our fortunes… Those of us invested in the currency of this country.
4-22-2015 Intel Guru EXOGEN IRAQ IS ON FAST TRACK TO GET ALL LAWS PASSED WITH 3RD READINGS. IRAQ LEGAL TEAM IS NOW GOING BACK AND EDITING AND CORRECTING LAWS STRUCTURED VIA USA/MALIKI TEAM. UST IS PLACING PRESSURE ON IRAQ TO MOVE. THE STAGE IS NOW SET. PREPARE FOR YOUR BLESSING AND STAY STRONG AS THE FINISH LINE SURFACES FROM THEORY AND DREAMS, TO REALITY. ARE YOU READY!!!
THE GLOBAL BLESSING IS NOW CLOSER THAN EVER!!!
4-22-2015 Intel Guru TNT Tony [via Adept1] All laws pending are being passed today, both the necessary and unnecessary laws. Abadi has been on television with statements running and also in print that he has taken over the economic reform (and electricity). He is assuming responsibility for everything in the public eye. The announcements have been made, “this time we’re not joking”… I do think we are close. Every agency and sources in different countries are telling us that we are super-close.
4-22-2015 Intel Guru DC [via Adept1] Dr. Shabibi and Dr. Abadi have been in constant communication about the RI/RV, trying to get everyone up to a place where they can handle this. They started 36 hours ago and the rest of the world said, “Yeah, sure” with eyes rolling. So they have been spending time on international phone calls getting everyone ramped up. Everyone in Iraq ran through procedures again concerning lower currencies, and such. Those have gone out. In the newspapers and on television, there is more of the same: monetary reform will be done in the next few days, quoting CBI, Finance Ministry, etc…Iraq is prepared and getting everyone ready for the RV. Bank security, law enforcement and intelligence guys are ramping up as we speak, like the banks. The US and the rest of the world banks are being prepped now. We expect to see this in the next few days. We hope this is the final deal. Everything looks really, really good...
4-22-2015 Intel Guru Frank26 A New Mexico WF told someone on [Guru] Eagle1’s team today that the WF Wealth Managers told their customer that he now has the authority to begin early exchange for premier clients. Eagle1 said there is a rate … and it’s been showing for weeks … on the administrative screens … all over the country of Wells Fargo banks.
4-22-2015 Newshound Guru Adam Montana This is an unusual situation for me to be in... but I'm just going to go out on a limb and spit it out. For the past couple months, I've been getting messages and more importantly... "feelings"... from my banking partners and investment people. And as of just last week, a few of our offshore banks started letting me and my staff know that big changes were coming. As of a couple days ago, they started sending out messages to other clients as well. The messages are varied, but they all point in the same direction - towards something significant. One says they expect us to be dealing with stricter US investment and reporting laws shortly, another is stating they expect MY clients to be dealing with larger amounts of cash soon, another is anxious to get all of our current affairs finalized and quite a few are starting to hint that they will not be taking new clients in a very short manner. I'm not saying I'm being told directly that we're on the brink of something major. Fingers crossed!
4-22-2015 Intel Guru Frank26 [via FrostyTheSnowman] [Finance Minister Zebari went to the IMF regarding an emergency type of loan....I believe this is what is being granted...the emergency loan.] That’s right…and the end of every month…there is always an emergency loan to help them get by. It’s never at the beginning or the 2nd week and although they do not talk of the amount in today's articles...the articles from last week were speaking in terms of $700 million dollars for this particular loan request. NOTE: ONLY enough for less than two weeks...The remainder of this month's worth. [The question now becomes, are the funds enough to keep Iraq "going" up to Ramadan or until after Ramadan!?”] NO ! Don’t pay attention to it. Don’t let it bother you. [You stated that the HCL is HOT. IYO only, will we SEE it before the rate change or after?] EVERYONE...everything...Waits for THE RATE. The rate must come first because everything bows to it. Once the 3 zeros are lifted it will trigger the laws in the budget…it will activate the budget and it will send every citizen in Iraq to run to the banks in order to get their currency because it will be in lower denoms. Dr. S [Shabibi] is being pushed tremendously. There isn’t anyone else but Shabibi now. He is moving fast.
4-22-2015 Intel Guru EXOGEN [Rumor that Abadi may have made a soft Announcement and the main Announcement to citizens of Iraq and the World is projected to be completed within the next 24-48 hours. Abadi Announcement is rumored to be approved by the G20 already. What was the result of this Intel ...?] HE DID A SOFT ANNOUNCEMENT AND THAT WAS IT…BASICALLY ABADI TOLD THEM THE SAME THING HE HAS BEEN TELLING THEM "IN THE COMING DAYS". DOES SOFT ANNOUNCEMENT MEAN RV/RI EXCHNAGE IMMEDIATELY…100% NO.
4-22-2015 Intel Guru Hocus Pocus well everything has been pretty quiet up until today but i talked to my contact earlier and he tells me that things have ramped up again…they are playing the "our money will soon be worth more" across the television again…it has been a few weeks since they were playing this information on the televisions and now since it has come back to the forefront the Iraqis are encouraged…when things are looking good they want to let their people know…they do not want to mislead anyone. the smart cards have not been loaded yet and those saying that are not getting it right. it is also apparent that the military is taking care of business and the security is good…those saying that that is the hold up are not in the know according to my sources.
4-22-2015 Intel Guru Frank26 [“Didn't Frank say the IMF said "NO" to a loan? Seems someone is confused. But not sure who…”] Not i…Did You not see the articles last week where IMF said NO to any more loans? Of course You did. REALIZE…the IMF ...Does a 360 on this subject......... Why? Because just like EVERYONE else … We and the IMF are in a long line that WAITS and SUPPORTS THE IQD !!! [we have a deep relationship with this country … hundreds … maybe thousands of things are now imbedded in Iraq … and nobody is going anywhere … it’s just the constant “support” … WHY? Because we want them to lift the 3 zeros so that we can make money with this country] …
4-22-2015 Newshound Guru Millionday Article quote: “Revealed the economy parliamentary committee introduced a number of new items on the investment law to promote the reality of investment for the country.” THEY HAVE AMENDED THE INVESTMENT LAW...WHOOPOW --- THIS IS TO PROMOTE THE LARGEST INVESTORS -- TO OPEN THE SINGLE WINDOW--AND PROMOTE THE REALITY PUBLIC INVESTMENT TO THE COUNTRY – WOW Quote: "The House of Representatives read the second reading of the investment law,…" ...YESTERDAY … THE INVESTMENT LAW WAS READ FOR THE SECOND TIME.
4-22-2015 Newshound Guru Millonday [I have also seen from many currency pros, that that IMF… will put a major hold on RV, your thoughts?] MY THOUGHTS ARE THAT IT IS GREAT NEWS AND IS ALL ABOUT THE BEST FINANCIAL POSITION FOR IRAQ AND THE DEVELOPMENT THEY ARE RACING FORWARD TO ACHIEVE. [so your saying it has no effect on an RV?] NOT A HOLD UP -- SOMETHING WAITED FOR FOR THE REFORMS AND ALSO FOR THE LOWEST DEBT -- AS FAR AS GLOBAL DEBTS -- THEY WOULD RATHER HAVE GLOBAL INVESTMENT. MY OPINION IS THAT THIS IS GREAT NEWS AND NOT A MOVE TAKEN LIGHTLY. I THINK IT WILL IMPACT THE MONETARY POLICY ETC --- CURRENCY MARKET FOR IRAQ -- JUST NOT IN THE WAY SOME ARE SAYING.
4-21-2015 *** Dinar Guru WARNING *** In less than 10 days your 50 dinar notes will officially be retired and will CEASE to have value as a currency. If you have 50 dinar notes, find an online broker, airport exchange house or other currency exchange to exchange for a different dinar note class or currency. Do not delay any longer! This is the first time we have seen the CBI retire a note...As of now, ALL other dinar notes are SAFE and are not being retired. Stay tuned as the ramifications of these unprecedented actions unfold. If you are not a Dinar Guru member, now is a good time to get on the Alert List by clicking here. The latest Guru Updates will continue below...
4-21-2015 Newshound Guru Mailman17 ...FOR THEM TO MAKE A BRASH STATEMENT TO REPLACE AND INTRODUCE A NEW DENOM THAT IS AS SCARCE IN IRAQ AS A PIG ROAST, GIVING THEM TILL THE END OF THE MONTH TO TURN IN WHAT VERY LITTLE IS ACTUALLY IS IN THE HANDS OF IRAQS WHO PROBABLY DONT EVEN REMEMBER WHAT ONE LOOKS LIKE SEEING AS THAT BILL NOTE WAS MINISCULE AND NEVER USED, LET ALONE ITS VALUE RAISES A RED FLAG. I STILL THINK THEY JUST WANT THIS NOTE OFF THE STREET ( WHATEVERS LEFT) BECAUSE IT COINCIDES WITH THE ONLY NOTE THAT WOULD COINCIDE WITH THE NEW SET OF NOTES. AGAIN I REITERATE THE SECURITY FEATURES ON THE 50 ARE NO DIFFERENT THAN THE 250 OR 500. AND TO TAKE A NOTE THAT IS NEVER USED WITH A VALUE OF 4 CENTS AND REISSUE IT TELLS ME A RATE CHANGE IS IMMINENT ASAP..JMO
4-21-2015 Newshound Guru Mailman17 …ALSO REMEMBER THAT IRAQ WILL HAVE TO MAINTAIN AND KEEP STABLE A 1-1. AFTER THEY PROVE THEY CAN DO THAT, THEN ITS OFF TO THE RACES. AGAIN, THEY MUST BE ABLE TO BACK...THE VALUE. THEY WILL NOT BITE OFF MORE THAN THEY CAN CHEW AND THE IMF MOST LIEKLY AGREES AS DOES SHABS. ONCE THE DE-DOLLARIZE, THE IRAQS WILL HAVE FAITH IN THEIR CURRENCY AND WHAT IT WILL BUY. WITH THAT SAID, I AGAIN REFER TO PAST ARTICLES FROM THE SHABS AND THE FINANCE COMMITEE THAT MONETARY REFORM WILL NOT WAIT FOR ISIS...AND MUST BE SURE ON THE COMING DAYS REGARDING SECURITY AND THE RELEASE OF THE NEW NOTES. TIME WILL TELL. THERE HAS BEEN NOTHING BUT POSITIVE REMARKS FROM ALL INVOLVED REGARDING THERE COMING OUT PARTY AND IT IS NOT MONTHS AWAY..IT IS ANYDAY. AS ALWAYS...JMHO [Post 2 of 2]
4-21-2015 Intel/Newshound Guru tman23 ...the fact of the matter is the KURDS...And we know that 400 million a month does not support the region...We know they want to open their economy and Baghdad has stalled the Kurd progress...The Kurds need 2 million displaced people to GO HOME...The Kurds will go to June but do not believe they plan on waiting until October or 2016...So 5/2 expect some change on cards being loaded for displaced etc...
4-21-2015 Newshound/Intel Guru BGG ...Maliki is a goner!! this DC visit was bad for him... good for us...the one thing Abadi really - really needs - is the same thing you and I do... MONEY!!
4-21-2015 Newshound Guru Mailman17 TO CLEAR THING UP A BIT, SHABS GOAL FROM THE GITGO WAS TO HAVE THE DINAR ON PAR WITH THE DOLLAR. IRAQ IS A U.S. DOLLAR BASED COUNTRY USING THE VALUE OF THAT DOLLAR FOR DAILY PURCHASES. I TRULY DONT SEE THE IMF APPROVING A RATE AT THE START OF ANYTHING MORE OR LESS. WITH THAT SAID, THAT DOES NOT MEAN IT WILL NOT GO UP. I AM COUNTING ON THAT. MOST LIKELY IN TIME TO EQUAL OR EVEN PASS KUWAITS RATE, BUT THE AVERAGE IRAQI IS ACCUSTOMED TO THE VALUE...VALUE OF WHAT 1 U.S DOLLAR CAN BUY IN THE MARKET PLACE, AND HAVING THE DINAR DO THE SAME WILL EASE THE CONFUSION. I THINK ONCE THEY GET USED TO USING THE DINAR AT THAT VALUE, THEN A MANAGED FLOAT WILL MAKE ITS ADJUSTMENT... [Post 1 of 2 stay tuned for the rest of the story!]
4-21-2015 Intel/Newshound Guru Poppy3 CALL FROM THE STREETS OF BAGDAD SAYING THE PEOPLE ARE VERY HAPPY AND HAVE BEEN TOLD THEIR CARDS WILL SOON BE USABLE AND THEY WILL HAVE MONEY AVAILABLE IN THE NEXT FEW SAYS AND MOST THINK THIS WILL HAPPEN IN THE NEXT WEEK. SOUNDS VERY PROMISING. WHILE WE HAVE HEARD THIS INFO BEFORE I COULD HEAR TRUE EXCITEMENT IN THE VOICE.
4-21-2015 Intel Guru Frank26 The bonds (at 1166) are not working. They are not really tradeable for the world at the 1166 rate. Not internationally tradable. Dr. Shabibi everyone is waiting...the IMF...the WorldBank...everyone is in line waiting for you! The market economy needs the lifting of the 3 zeros and Dr. Shabibi knows it. Do you understand how close we are? Only the CBI can give you Article 8 compliance and the only thing left is to lift the 3 zeros! The laws...especially the mother of all laws...the HCL...investment...tariff...is all in the budget. All they need is Article 8 compliance and they can lift the 3 zeros and it’s done! IMO – Dr. Shabibi is probably not ready to lift the 3 zeros because of security. You and me and everyone who has dinars is waiting in a long-line. It is coming. I promise you. The lava flow cannot be stopped... [post 3 of 3]
4-21-2015 Intel Guru Frank26 The line is so long of everyone [and everything] waiting. Those in line ...IMF...WorldBank...budget...ISX...wages and salaries... QiCards...USA...US Treasury...BIS...private sector...citizens and even Abadi is in line to run his GOI. Abadi is running out of time because if this goes into Ramadan that will be self-inflicted suicide for Iraq...you will never see anything during Ramadan or EID...Ramadan starts in June. If Iraq doesn’t do something soon...the citizens could start an uproar and could result in war. Iraq needs to do two simple things: #1- Pass the tariff laws! #2- Lift the 3 zeros! Before Ramadan...that’s it says the IMF...if you give us Article 8 compliance you can have all the loans you want. As you know...there is no liquidity in Iraq and that is the key! There is no money. [post 2 of 3....stay tuned]
4-21-2015 Intel Guru Frank26 [via FrostyTheSnowman] It is EXTREMELY important that we pay attention ONLY to the governor of the CBI! Do your best to understand everything that the governor of the CBI is doing. It doesn’t matter if you call “him” Turki...Ali or whatever name they want to call him...we all know that Dr. Shabibi is the governor of the CBI. Period. End of story. The two people that mean the world to us in the MR [Monetary Reform] is Dr. Shabibi and Dr. Abadi. The CBI has all the money they need and the green-light. the GOI is broke...now what? Abadi told them that they...already told our citizens and they are “expecting” something. Something [bad] is expected to happen in the next 2 days (or so) that will shock most people. [Don’t let it rock you!] We all know that the IMF gave the CBI the green light and they haven’t moved forward with it yet. IMF said they would help Iraq and said they were proud of Iraq but since Iraq hasn’t raised their value yet they won’t help them anymore. The debt that Iraq has racked up will disappear once they raise the value of their currency. The IMF has told them what to do. [post 1 of 3....stay tuned]
4-21-2015 Newshound Guru Millionday [perhaps initial rollout is smart card in country only?] ...THIS REPORT HAS STATED THAT IT HAS BEEN TESTED WITH THE MILITARY PAY AND THIS IS CLEAR IN SAYING THAT IT CAN BE SENT TO WHEREVER THEY ARE...WE KNOW THE DISPLACED ARE OUT AND IN OF THE COUNTRY THAT ARE IRAQI. [the global card you mentioned is the same card as the international smart card we are waiting for, and will bring our RV?] OR THE SMART CARD (MODERN AND SOPHISTICATED) IS A GLOBAL CARD PER WHAT I HAVE READ EVERYWHERE TO DO WITH THE REFORMS. [To my knowledge, swiping "that" card is one of the vehicles that will open the budget is that true?] IF THEY SWIPE THE CARD -- THIS WOULD BE TO PULL FROM AN ACCOUNT FOR BENEFITS THAT WERE BUDGETED FOR --GOOD POINT. [post 2 of 2]
4-21-2015 Newshound Guru Millionday Article quote: "Parliamentary Finance Committee demanded, on Monday, the Iraqi government to implement the smart card system in the pay of state employees..." THE PARLIAMENT THAT HAS BEEN IN A CLOSED DOOR MEETING FOR TWO DAYS --- IS DEMANDING THAT THE SALARIES OF ALL STATE EMPLOYEES BE PLACED ON A -- SMART CARD --(ATM)...THIS IS AN EXECUTIVE ISSUE AND SUPPORTED -- NO CHOICE. I HAVE NO IDEA WHY THEY WOULD BE ABLE TO DO THIS WITHOUT ---UMMMMMM AN EXCHANGABLE RATE...THE SMART CARD IS A GLOBAL CARD -- HOW WOULD THIS WORK IF THEY COULD NOT LEAVE THE COUNTRY? HMMMM. NOW LOOK AT THAT --->>> "can each employee receiving his salary within the geographical area that houses them," --- THAT MEANS WHEREVER THEY ARE IT WILL WORK? WHOOOPOW THIS IS HUGE. [post 1 of 2....stay tuned]
4-21-2015 Newshound/Intel Guru BGG [How come the CBI still shows daily auctions?] because they are having daily currency auctions. [I thought they stopped?] They did - based on urging from Parliament... however, I suspect, for the short term - they were "instructed" to restart them (likely at the behest of Dr Shabibi)... as the primary short term tool for stabilizing the exchange rate...that has traditionally been Shabibi's stance - which is why - once he made his recent appearance they went back to something of an "auction environment".
4-21-2015 Newshound Guru wmawhite [Do you think it will happen around the 1st when the 50s are finished?] This is not date driven, instead, it is event drive. However, IMO this event may coincide with certains dates. But, IMO it is just as likely to happen on a 3rd, or a 14th or 22th of a month. So is there something significant about the 30th...Yes, IMO the door gets kicked wide open. Could it happen prior to the 30th... it sure can for other reasons....bottom line is this:..if Iraq wanted to continue for ever to use to USD they could and they would not ever have to change a thing because the world is already using the USD and Iraq has used it for the last 15 years. So why are they spending so much time educating their citizens about new currencies? Because they are very close to replacing the USD with new IQD and nobody will use it unless it is of greater value....how do I know this? Because they (CBI, GOI, Parliament) has told us this very information I just typed. Oh yes,...if Iraq was "holding off" why have they done all of what they have done up to today...why go to Davos and Berlin, and Washington D.C. to tell the world what?...we are holding off? What? How silly. Of course, IMO. 4-20-2015 Intel/Newshound Guru tman23 Those who may recall my explanation of the function of the ESF (exchange stabilization fund) inside the UST...they are the architects that make economies work regarding exchange rates...Jack Lew commenting on exchange rates and warning countries of manipulating their currencies... Point being...Iraq meets IMF in Jordan... 2 weeks later Iraq meets IMF in Kuwait with the appearance of Shabibi... Week later Iraq meets with IMF in Washington and meetings take place with the UST... Present in Photo... Abadi/Zebari/Alak (equivalent to our Obama/Lew /Yellen) ...This was not about 5 billion in BONDS as a loan...And certainly not about F16 airplanes!! (and making payments)... And you don't sit at the table in these meetings unless you have a HCL that companies can work under AND a HCL that gives you the right to claim all oil belongs to Iraq thus giving you the right to make a deal using it as collateral.
4-20-2015 Intel Guru TNT Tony Friday...we heard...that the Iraqi banks were open and doing early exchanges... Iraqis were excited because their banks had never been open on the holy day. Many people went to the bank and people got their lower denominations and fils and everyone was excited. They were hearing the process had started and we were told it was actually going through this time. On Sunday, PM Abadi told everyone about his trip, what happened, the money he got for the loans for the budget, and assistance to complete the economic reforms, including 25 million dollar deficit in their budget do to reduction in oil prices and the problems with ISIL. On the US television, they showed Abadi announcing that this week is the end of the economic strategy. He was saying that this would end in the coming days – but we have been hearing this for three months now! Now that Abadi has said this, though, it should be in the next couple of days. Our sources in Iraq have told us that riots are scheduled for this week if it doesn’t happen... It’s all great news; we are in a great place, more public than ever. We are so close to this. It’s being processed...they are doing more and more things in public that will make it happen, so we are closer and closer to the RV...they are expecting this today.
4-20-2015 Intel Guru Mnt Goat Even in the last interview with the finance minister of Iraq and Shabibi (with the IMF), it was said that in fact Iraq has ample resources and is by no means bankrupt. They were preparing the public to hear a refusal by the IMF on their request for some 700 million in funds. As investors, we of course do not want the IMF to loan them the money. This will only delay Iraq from the RV that much longer. Now having said all this what comes next? Since Shabibi made a deal with the head of the finance minister of Iraq for coming back and the deal contained these conditions: 1) his personal safety, 2) a free hand to manage the reserves, 3) a free hand to do what he needs to do to protect and stabilize the value of the Iraqi dinar, (if it means the RV than he will go forward) 4) no more interference from the GOI. So now knowing all this. What do you think Dr Sinan Al-Shabibi is planning to do next? [post 2 of 2]
4-20-2015 Intel Guru Mnt Goat FACT: Dr Sinan Al-Shabibi tried to RV only one time and it was back in 2012 and was abruptly stopped by Maliki. FACT: Weeks ago Shabibi was asked to return to Iraq and the CBI. FACT: Only 11 days ago (and once again this weekend) we read articles where Shabibi being referenced as head of the CBI. I don’t believe they will ever make a formal announcement since legally Shabibi was never formally/legally stripped of his position as the governor of the CBI. So technically and legally he never left the position. FACT: Shabibi refused to come back to Iraq unless he could be provided full security for his personal protection.. This was provided in the deal for him to return. He is not physically back in Iraq, his country. FACT: The 2014 budget law limits the currency auctions to only a small percentage of former amounts. Why did they do this? FACT: Iraq does not need the currency auctions to raise this capital for the cash flow (liquidity) issue they keep complaining about. What they need to do is to RV their currency and go international. [post 1 of 2....stay tuned]
4-20-2015 Intel Guru DC [via Adept1] In Iraq, everything is looking very good, with everything promised to happen very quickly... IN the US, everyone is ready, too. ...remember that last week Abadi and his team were at the White House, State Dept, and IMF and all those meetings were very successful. Those meetings secured financial and military help, with a few meetings about the RI/RV. A lot of merchants changed their currency to the lower denominations, including fils. Most of those coins are barely worth scrap metal, pre-RV, so why would they pass them out...the only way for that to make sense is in terms of an RV. There has been training, again on a Friday and Saturday, on the use of the lower notes and coins, for retailers. Abadi did talk to many folks on Saturday, and said the monetary reform will come in the next few days, and this was repeated in the different papers and from the CBI and Finance Ministry. Iraq is ready to go...they are tied to getting this process moving.
4-20-2015 Newshound Guru Kaperoni Article: "Parliament reads today seven laws, including anti-drug and Investment Law" ...we have confirmation it was on the agenda for today and was read.
4-20-2015 Intel Guru TerryK ...GOT A UPDATE FROM SOURCE THIS AM THAT WE WILL NOT SEE ANYTHING UNTIL WED THIS WEEK... ANOTHER MOVING TARGET.
4-20-2015 Intel/Newshound Guru Poppy3 ...THEY ARE NOT STOPPING TILL THIS IS COMPLETED...THIS WILL BE THE BIGGEST FINANCIAL CHANGE EVER AND THEY ARE DOING GREAT GETTING IT DONE.
4-20-2015 Newshound Guru My Ladies IS THERE ANYTHING TO BE EXCITED ABOUT AT ALL? THERE SURE IS. WE ARE VERY CLOSE WE KNOW THAT...WE ARE SEEING GREAT PROGRESS WITH SECURITY AND IT LOOKS LIKE THEY ARE ABOUT TO STABILIZE ANBAR AGAIN. WE ARE SEEING GREAT PROGRESS IN THE PRIVATE SECTOR, AND THE PRIVATE BANKING SECTOR. IRAQ IS FOLLOWING THE ARTICLE 4 IMF RECOMMENDATIONS TO THE LETTER. WE DO NOT KNOW WHEN THIS IS GOING TO HAPPEN, BUT AS [GURU] NOVA AND I HAVE SAID OVER AND OVER AND OVER AGAIN...THERE ARE A HANDFUL OF ABSOLUTES IN THIS PASSIVE INVESTMENT AND SO FAR IRAQ HAS NOT BROKEN ANY OF THEM. SO WE MAINTAIN A HIGH LEVEL OF EXPECTATION...HOLD ON A BIT LONGER...IT IS ALL COMING TOGETHER!
4-20-2015 Newshound Guru Aggiedad77 Article: "Parliament to raise its 28 April" Today's Parliament session did get through the second reading of the Investment Law...woohoo...some progress...as well as a couple of other readings...then announced its next meeting to be April 28.
4-20-2015 Newshound Guru Millionday Article quotes: "Iraq plans to cover the budget deficit for the current year amounting to more than 25 000 billion dinars, through internal and external borrowing and amounts retained cash in the Ministry of Finance account..." "The government is facing a deficit of $25 billion in the current year's budget..." THE BUDGET DEFICIT OF MORE THAN 25000 BILLION DINAR. THEY ARE TO ANNOUNCE THE BOND PLAN SOON FOR THIS YEAR (NOT GIVING A TIME) AND --- THE HUGE NEWS IS THAT THE REMITTANCE SYTEM HAS REDUCED THE NEED FOR ALL EXTERNAL BORROWING ENTIRELY ---AS WELL AS THE INTEREST ON THE FOREIGN LOANS -- THEY WOULD LIKE FOR INTERNATIONAL INTEREST TO BE REMOVED AS WELL -- THEY NEED >>NO<< EXTERNAL BORROWING -- WHOOOPOW. [Is not the deficit 25 Billion (USD)?] IT IS 25 BILLION US DOLLAR --- WHICH ACCORDING TO THIS IS 25,000 BILLION DINAR. ISNT THAT STRANGE? SMILE.
4-20-2015 Intel Guru TerryK WE MAY HEAR OF AN ANNOUNCEMENT TOMORROW [MONDAY] FROM ABADI. [so, you are hearing maybe in the next few days?] IM HEARING IN HOURS... NOT DAYS. [I also cannot imagine a rate of 86 cents. They need a higher rate than that. IMO.] NOT WHAT U WANT OR WE THOUGHT... BUT EVEN IF THEY DO THAT .86 X 25,000 IS NOT BAD FOR AN INVESTMENT...21,500 PER 25K NOTE. [...if it is it won't be there for very long.] I AGREE. COME ON RV...IM HOPING THAT TOMORROW [MONDAY] BRINGS US OUR BLESSING. 4-19-2015 Intel/Newshound Guru Backdoc REGARDLESS OF WHEN THEY DECIDE TO IMPLEMENT A RATE I DOUBT WE WILL SEE THE SMALLS (denominations) FOR A WHILE. IMO THEY WILL CONTINUE TO FORCE DOLLARS FOR PERSON TO PERSON TRANSACTIONS WITH THE MONEY CHANGERS TO IMPROVE SECURITY THROUGHOUT THE COUNTRY WHILE PREVENTING DINARS GETTING INTO THE TERRORISTS HANDS! THIS ONE WAY TICKET WILL FORCE THE MONEY CHANGERS TO GIVE UP DINARS UNTIL THEY CAN'T GET ANYMORE OUT OF THEM... BY STAYING DIGITAL IN DINAR AS I SAY, THEY WILL BLEED DINAR OUT OF THE MONEY CHANGERS HANDS SINCE IT WILL BE THE ONLY WAY FOR THEM TO MAKE MONEY! THE DIGITAL CURRENCY CAN BE ADJUSTED FOR VALUE, SINCE THEY HAVE COMPLETE CONTROL OF THE NOTE COUNT DIGITALLY! THEY WILL KEEP SILENT ON THE VALUE ISSUE UNTIL THE RATE IS INTERNATIONAL! IN OUR OPINION!!
4-19-2015 Newshound Guru Mailman17 DINAR INSIDE IRAQ IS AT THE LEVEL THEY ARE SATISFIED WITH. THE Q CARDS ALONG WITH MOST LIKELY 75% OF SALARIES WILL BE ELECTRONIC. CASH WILL STILL BE NEEDED ON THE STREETS BUT NOT AT WHAT YOU THINK. AND THE PREVIOUS MEETING WITH ABADI AND EVERY MAJOR BIG COMPANY IN THE U.S. WENT OFF WITHOUT A HITCH. THEY ARE READY TO COME IN, AND THEY WILL NOT COME IN WITHOUT A STABLE, REVALUED, INTERNATIONALLY RECOGNIZED DINAR. THE PEOPLE IN IRAQ ARE READY, THE GOI IS READY, THE CBI IS READY, IMF AND WB [WORLD BANK]ARE READY..AND SO ARE WE. STAY FOCUSED, THIS RIDES OVER...AND IT SEEMS THAT PESKY LITTLE 86 CENTS I HAVE BEEN FORECASTING FOR 7 YEARS NOW JUST MAY BE WHAT WE ARE LOOKING AT FOR THE RATE AS ALWAYS..JMO (BASED ON NEWS AND FACTS) NOT INTEL. [post 2 of 2]
4-19-2015 Newshound Guru Mailman17 ABADI HAS STATED MORE THAN ONCE THAT HE WILL NOT...REPEAT NOT WAIT FOR ISIS TO BE CLEARED OUT TO START MONETARY REFORMS. YES, SECURITY IS IMPORTANT, BUT ABADI MUST KNOW A LITTLE MORE ABOUT THIS THAN ANYONE ELSE FOR HIM TO MAKE SUCH A STATEMENT LET ALONE INFORM IRAQS THE SAME. THE IMF, WORLD BANK AND O [OBAMA] HAVE COME OUT REFUTEDLY SAYING IRAQ IS READY AND WE HAVE YOUR BACK FOR YOU TO IMPLEMENT...NOT THINK ABOUT, NOT PLAN, NOT HAVE MEETINGS, NOT DISCUSS...BUT TO IMPLEMENT, EXECUTE, AND MOVE TO A MARKET ECONOMY...NOW..NOT LATER. APRIL 30TH IS COMING UP. THE KURDS HAVE WHAT THEY WANTED ALL ALONG...THE HCL, THE BUDGET IS DONE AND OUT, AND ISIS SHOULD BE DEALT WITH AND UNDER CONTROL ENOUGH FOR THE RV TO BE IMPLEMENTED. THAT IS WHAT THE NEWS TELLS US. [post 1 of 2....stay tuned]
4-19-2015 Newshound Guru Millionday MANY AGREEMENTS ARE INCLUSIVE OF OTHER ISSUES INCLUDED IN OTHER LAWS AND AGREEMENTS -- WHICH IS WHAT MAKES THIS SUCH A HUGE PROJECT --- ALL AT THE SAME TIME TO BE COMPLIANT. I THINK THAT THIS IS GOING TO RESOLVE THE HCL AND WE WILL SEE IT AS WE HAVE BEEN TOLD THIS IS TO BE ON THE AGENDA WITH ALL THE IMPORTANT LAWS. I JUST DONT THINK THIS IS THE HCL. ABADI PUBLICLY ANNOUNCED COMPLETE COMMITMENT FOR ALL REFORMS UPON RETURN SO I THINK IT APPEARS AS -- THIS LACK OF PAY AND OIL WILL GO AGAINST THE CONSTITUTION... AND THEY ARE GOING ABOUT THIS RIGHT AND CHANGING IT NOW... THE UNITY IT SHOWS IS HUGE HUGE AND VERY IMPORTANT. [post 2 of 2]
4-19-2015 Newshound Guru Millionday "the oil agreement between the federal government and the Kurdistan region became law and published in the Iraqi Gazette on according to the Iraqi constitution," denying non-delivery of the provincial government of Baghdad and imports nearly two million barrels of oil exported during the past months. " I WOULD LOVE TO SAY THIS IS THE HCL BUT IT IS NOT THE ENTIRE HCL... THE HCL IS INCLUSIVE OF MANY AGREEMENTS -- NOT JUST THE OIL AGREEMENT BETWEEN THE KURDS AND IRAQI FEDERAL -- BUT ALSO THE INTERNATIONAL AND FINANCIAL AND MARKETING AS WELL -- ALL ASPECTS OF HYDROCARBON AND OIL LAW TO DO WITH IRAQ. THE AGREEMENT IS JUST BEING AMENDED SO ALL ARE COMPLIANT...AND THEY ARE REACTING AS A UNIFIED GOVERNMENT. [post 1 of 2....stay tuned]
4-19-2015 Intel Guru EXOGEN Rumor that Abadi may have made a soft Announcement and the main Announcement to citizens of Iraq and the World is projected to be completed within the next 24-48 hours. Abadi Announcement is rumored to be approved by the G20 already.
4-19-2015 Intel Guru Mnt Goat The Abadi trip to the USA was very successful and set the ground work for the good that lays ahead in the coming weeks. As commander and chief of the military he was inundated with yet with more bad news of ISIS and the inability of the Iraq generals to take command and get the job done. Sorry folks no RV this weekend and for the next couple weeks maybe months, at least. All these rumors of a pending RV are just that RUMORS! On the flip side Abadi did make a speech today to the citizens of Iraq. In the speech he said next week he is going to announce a huge initiative that will solve all the economic issues for Iraq. Personally I do not think it is going to be the RV announcement we wait for but who knows for sure. On the other flip side we all should know by now that the 2014 budget stipulates the currency auctions are to be very limited. They will not bring them back! The auctions were supposed to be a temporary measure to raise capital until they gained their sovereignty. So now they have it. It is time to RV. We know it and Iraq knows it. THIS IS THE SOLUTION! 4-18-2015 Intel/Newshound Guru Poppy3 PEOPLE NEED TO UNDERSTAND THIS IS THE BIGGEST WORLD FINANCE MOVEMENT IN THE HISTORY OF THE WORLD AND WILL EFFECT MORE COUNTRIES THAN ANY BEFORE. THIS IS WHY IT HAS TO BE DONE PERFECT AND IS TAKING SO LONG. MOST PEOPLE JUST CAN'T PHANTOM THE SIZE AND EFFECT THIS IS GOING TO MAKE ON OUR WORLD. BUT OLD ALLEN GREENSPAN DID AND CONVINCED DICK CHENEY TO CONVINCE GWB [GEORGE W. BUSH] THIS IS RIGHT FOR AMERICA.
4-18-2015 Intel Guru TD Few comments from my Kurdish friend, which are few and far in between these days (treat all as rumor and due your own sound diligence). Reason for such sporadic news is the lack of "any significant news or policy
changes". Austerity measures still big talk around most of the country. Abadi asking for more assistance. Progress with ISIS is two steps forward, one step back. Although economic and monetary reform programs are on drawing boards that's where they will stay until a clearer picture of the "map" of Iraq is defined. For those waiting for currency reform: pull up a chair it will still be a long wait.
4-18-2015 Intel/Newshound Gurus Millionday & Poppy3 Millionday: HAVE TO SALUTE OUR TROOPS -- I KNOW THEY ARE NOT ALONE BUT GOD BLESS AMERICA AND THOSE THAT MADE IT POSSIBLE FOR ALL OF US TO SIT HERE RIGHT NOW AND ANYTIME. poppy3: AMEN IF IT WASNT FOR THEM THIS WHOLE INVESTMENT WOULD NOT BE AVAILABLE TO US . Millionday: THANK YOU ALL OUR VETS...THANK YOU.
4-18-2015 Intel/Newshound Guru tman23 Article quote: "the oil agreement between the federal government and the Kurdistan region became law and published in the Iraqi Gazette on according to the Iraqi constitution," The HCL was contingent on a census and to the demarcation of borders in which Kirkut became the focal point...an oil rich territory that was once under Kurd rule and taken by Saddam... So Maliki argued Kirkut was not part of Kurdistan..... Under Abadi...he told the Ministers and Governor of Kirkut that the GOI is now recognizing Kirkut as a subsidiary of Kurdistan... A quick fix IMO to get an agreement into law...The HCL has many details but as far as I'm concerned...the oil agreement between Kurdistan and Iraq was always referred to as the HCL and that agreement now is law in the Gazzette and meeting the CONSTITUTION...IT IS LAW!
4-18-2015 Newshound Guru Millionday UPON ABADI`S RETURN THIS IS WHAT HE STATED: "Iraqi prime minister says committed to reforms to attract business Iraq is committed to making difficult reforms to its bureaucracy and regulations for foreign companies in order to attract much-needed investment, Prime Minister Haidar al-Abadi said at a Washington forum on April 16." WHOOPOW. INTERNATIONAL TRADE WILL COME FROM A MOVE TO A MARKET ECONOMY AND THOSE REFORMS HE HAS ANNOUNCED HE IS COMMITTED TO. THEY HAVE TO MOVE TO A MARKET ECONOMY WITH GLOBAL MARKETING... [post 2 of 2]
4-18-2015 Newshound Guru Millionday ABADI HAD HUGE RESULTS IN IRAQ...THE IMF AND WORLD BANK HAS AGREED TO FUND PROJECTS AND DEVELOPMENT IN IRAQ...THE IMF WAS JUST ONE OF THE ENDING RESULTS OF ABADI`S MEETING -- ONE OF THE REASONS THAT ABADI CAME TO THE US ACCORDING TO REPORTS WAS TO MEET WITH OBAMA AND ASK FOR THE INTERNATIONAL COALITION TO RETURN AND CLEAN UP A BIT -- HE MET WITH AMERICAN BUSINESS LEADERS AND TOLD THEM SOME OF THE THINGS TO ENCOURAGE THEM TO WANT TO INVEST IN IRAQ -- REMEMBER THAT THEY ARE REPORTABLY -- REMOVING ALL OBSTACLES THAT WOULD STAND IN THE WAY OF PROMOTING IRAQ AS A GREAT BUSINESS INVESTMENT PLATFORM. THIS GUY IS GREAT FOR IRAQ -ABADI IS BACK HOME. [post 1 of 2....stay tuned]
4-18-2015 Newshound Guru Kaperoni Found this article from a few years ago that makes it very clear... "Iraq plans to coin a new category of 50 dinars issued after deletion of zeros" Quote: "the Iraqi Ministry of Finance that the deletion of zeros will liberate the Iraqi economy from the constraints and enhances the value of the dinar in the International Monetary Fund." It seems to me that if they were prepared to do this in late 2011, it can be easily implemented now especially since they removed the old 50 effect April 30th.
4-18-2015 Newshound Guru Millionday Article quote: "The Bank will contribute to the financing of several projects in the electricity, water and infrastructure sectors in addition to the urgent projects related to the liberated areas will also support economic and financial reforms and confront the challenges that Iraq is going through." And expressed the World Bank president for the "full support for awarding Bank of Iraq and the follow-up in person to support Iraq in many sectors." HOW LONG HAVE WE WAITED TO HEAR THOSE WORDS? AND WHY WOULD THEY SAY THEM? SO IRAQ IS TO A POINT THAT THE IMF AND THE WORLD BANK AND THE US AND CHINA ETC --- ARE GIVING THEIR FULL SUPPORT? -- I THINK THAT THEY ARE NOT TELLING US EVERYTHING -- WHAT DO YOU THINK? -- WHOOOPOW
4-17-2015 Intel Guru TNT Tony If you are not ready, you’d better get ready. Get your paperwork and documentation together and know what you want to do. It’s a great day, a lot of excited people...There were some things that we were asked not to talk to you about, and we succeeded with that, but it’s really good news. Be prepared, and be excited. I fully expect to be talking to you over the weekend...possibly with the RV itself.
4-17-2015 Intel/Newshound Guru Poppy3 ...THERE WILL ALWAYS BE...JUST LIKE HERE IN AMERICA...THERE WILL BE LAWS ETC. THAT NEED AMENDING AND CHANGES BUT BOTTOM LINE IS IN IRAQ DOESNT MATTER TO YOU AND I. WHAT IS THE MOST IMPORTANT THING FOR US TO BE CONCERNED ABOUT IS THAT THE GOI NEEDS THE NEW RATE AND THEIR LEADERS AND THE CBI LEADERS ARE ALL IN AGREEMENT AND ARE DOING EVERY STEP AS FAST AS POSSIBLE TO COMPLETE ALL NECESSARY THINGS TO ACCOMPLISH AND BRING ABOUT FULL FINANCIAL REFORM AND DO IT AS FAST AS THEY CAN POSSIBLY GET IT DONE. RELAX AND LOVE THE RIDE ITS ABOUT OVER.
4-17-2015 Intel Guru TerryK Article quote: "Saad Maan announced on Thursday, that the security forces were able to regain control over Ramadi..." THATS GREAT NEWS. GOT A CALL FROM A SOURCE TELLING ME THAT THE MEETINGS WITH ABADI IN THE USA WERE A SMASH HIT, HOME RUN. THEY ARE GOING TO GET MORE SUPPORT FROM THE USA AS WELL AS...AND IM GOING TO QUOTE: "THE IMF IS IN FULL SUPPORT OF THEIR ECONOMIC DEVELOPMENTS". MAYBE THEY WILL TURN THIS THING ON SOON.
4-17-2015 Intel/Newshound Guru tman23 The Kurd Parliament held a special session and it got heated over Baghdad...payments...economy etc... and then payments to the displaced...A Trade Bank rep at the meeting told them that 5/2 it would see a change... This also fit the rumors that followed on the streets...and from Kurdistan to Baghdad the rumor spread that fast... But guarantee 5/2 there will be some major change...not saying currency change.
4-17-2015 Intel Guru DC Iraq is having a really good day. They had a very successful week in Washington DC, and when it comes to ISIL, budget funding, and the few meetings relating to the RI/RV. Most everyone is home in Iraq. On television there, they are announcing the economic reforms are now ending and they are soon to be the richest country in the world. We have had four confirmations of that process coming to an end. I’m amazed that has not been announced in public yet, but it will be. Iraq is prepared to go through and has started something it would be hard to come back from. In the US, there are even more in lockdown... Everyone is sitting on the starting line!
4-17-2015 Newshound Guru FrostyTheSnowman Article quote: "On his official visit to the United States, Prime Minister Haider al-Abadi met a group of CEOs and chairmen of major US corporations in Washington on Tuesday." Why would any MAJOR US CEO bother to sit down and discuss business with a country that does not have INTERNATIONAL BANKING LAWS to protect their "investments" in that country ... especially if their currency is basically worthless and not INTERNATIONALLY recognized? IMO - they wouldn't!
4-17-2015 Newshound Guru Aggiedad77 Article: "Iraq calls for a review of the dinar exchange rate" The CBI has recently made efforts to provide more windows to be opened to deal with currency sales in Iraq, essentially doubling the number of banks and companies involved in the process and has seen some improvement in the exchange rate between the USD and the IQD...Dr. Saleh spoke on behalf of PM Abadi and stated that the price of the IQD against the USD is unrealistic at the current time...he continues to stress the need to remove cap restrictions placed on the CBI by Article 50 of the budget...this gives the CBI no operating room to conduct its business of stabilizing the IQD...The problems created by Article 50 made supply and demand a big issue and pitted the USD against the IQD leading to increases in the USD over the IQD....I think he is very politely trying to say that whoever implemented the cap didn't fully understand what they were doing or the repercussions of their actions.
4-17-2015 Newshound Guru wmawhite [...I was wondering if even though the CBI gave the green light, whether these meetings in Washington was the world's way of saying, okay, go for it?] Remember, they will continue to grow their country looooong after this happens. The meetings today are for events weeks and months away. What happens tomorrow or the day after have already been decided upon weeks/months ago.
4-17-2015 Intel/Newshound Guru Backdoc I NOTICED A COUPLE NEW TWEAKS WERE MADE TO THE INVESTMENT LAW TO IMPROVE IT! THIS WILL MAKE THOSE CEO'S SITTING WITH ABADI SMILE! WHAT BETTER WAY TO ACTIVATE THE PRIVATE SECTOR THAN TO SIT DOWN AND MAKE PLANS WITH THE EMPIRES' BEST COMPANIES TO ACTIVATE THE PRIVATE SECTOR IN IRAQ! THEY WANT TO BE UP AND RUNNING QUICKLY! WE CAN SEE BY THE ACTION OF THESE CEO'S, MEETING WITH ABADI AFTER THEY JUST LEFT THE WHITE HOUSE WITH A SLAP ON THE BACK AND SMILES ON THEIR FACES! ...WHY ELSE WOULD THEY BE TWEAKING THE INVESTMENT LAW RIGHT AWAY? BECAUSE THE CEOS WANT IT! PROTECT OUR INVESTMENTS.
4-17-2015 Newshound Guru Millionday ...FOUND A REPORT ON THE LAWS AND PARLIAMENT. Article quote: "...the Parliamentary Integrity Commission, on Wednesday, the Federal Court's decision to give Parliament the right to submit bills and vote on them within the Council..." THE STEPS FOR LAWS ARE BEING MINIMIZED. THEY NO LONGER WILL HAVE TO GO TO EVERYONE IN THE NATION FOR A READ OVER ETC. [Is this saying that the Parliament can now go ahead an vote on and read laws without them having to go to the Council of Ministers first (and then be returned to Parliament with their approval)?] YES IT IS...IMO? THEY ARE ALSO GOING TO CHANGE THE PROXY POSITIONING...IMO THIS IS A GREAT GREAT MOVE AND WE WISH IT WOULD HAVE BEEN DONE YEARS AGO.
4-16-2015 Newshound Guru wmawhite [do we have any info on whether Shabibi has been brought back to the CBI, or is his showing up at crucial finance meetings just a coincidence?] I do not think Shabbi has returned to the CBI because when PM Abadi met with Christine LaGarde (IMF) the current governor of the CBI Ali Alac was to the PM left and Lagarde was to his right. [How long do you think it will be before Ali Alac is finally removed?] If Ali Alac was on the way out why move him now at the most critical time and why take him to DC with you? This is upon us and all critical members need to be in place and doing their jobs. If they wanted alac out they would have done it sooner. Instead, they are in the middle to the end of changing the currency in preparation for a change in the value (IMO)...they are not changing key positions now.
4-16-2015 Newshound Guru sczin11 POPPY3, I AGREE 100%... FOR THOSE THAT TRULY BELIEVE ISIS MUST BE ELIMINATED, OR MOSUL MUST BE LIBERATED, BEFORE WE WILL SEE THE SIGNIFICANT INCREASE IN THE DINAR, NOW MIGHT BE A GOOD TIME FOR A BREAK...AT LEAST IF YOU BELIEVE NEWS RELEASES FROM THE PRIME MINISTER...WHILE HE IS ON OUR TURF, NO LESS...(BTW, IF YOU DON'T KNOW ALREADY, I AM NOT OF THIS BELIEF). [see Poppy3 post below]
4-16-2015 Intel/Newshound Guru Poppy3 ...all leadership that has anything to do with the RV STATED VERY DELIBERATELY THAT DASSH, ISIS, ALKADA, SECURITY ISSUES WILL NOT DELAY FINANCIAL REFORM THEY WILL CONTINUE TO MOVE FORWARD TILL COMPLETION.
4-16-2015 Newshound/Intel Guru Eagle1 ...Jack Lew was quoted on FOX Business News as saying that the financial community needs to be aware that several currencies will be undergoing a major revaluation during the next few days. How 'bout them apples!
4-16-2015 Newshound Guru Millionday Article quote: "the Prime Minister Haider al-Abadi, received at his residence in Washington, president of Occidental Petroleum Corporation Steve Jazan and president of Exxon Mobil Corporation..." THIS IS ONE OF THE SIDELINE MEETINGS IN WASHINGTON... THEY ARE HUSTLING. IF YOU LOOK UP THE REFINERIES IN THE WORLD AND THEIR AGE -- YOU WOULD BE SHOCKED -- IRAQ HAS MANY OPPORTUNITIES TO EXPAND AND BRING IN THE REVENUES THEY WERE EXPECTING -- THEY JUST NEED DEVELOPMENT MONEY TO SWAP SOMETHINGS AROUND AND GET ON THEIR FEET BUT THE RETURNS? OH HONEY.
4-16-2015 Intel/Newshound Guru tman23 The only reason the CBI would reinstate the auction is to preserve their foreign currency reserves... Which is a signal that the CBI reserves have begun to plunge... Nothing more Nothing less... Lack of Liquidity is a nice term for being broke... The CBI now needs international purchasing power...
4-16-2015 Intel Guru Frank26 [via FrostyTheSnowman] You all ask for a date/rate...the CBI website shows you the spread calculations of .85 ...no more “sucker bet” ... to about a $1.27 at the very highest $1.35. What’s the date? Well...they finished collecting the 3 zeros and you see they are now working on the opposite end of the spectrum ...7 coins...the 50... they work with the lower denoms under the 50. They’ve give the citizens until April 30th to turn in their old 50’s before they’re null and void! Wow!
4-16-2015 Intel Guru Delta [via FrostyTheSnowman] The rate of the Iraqi dinars has to increase to .85 or .86 cents and at the same time they should introduce the 50 dinar. About a week ago...one leak came out of a Kurdistan newspaper and someone said that they saw the 50 dinar note is ready for distribution. And they looked at it, and said that it had the Kurdish language on it. We all know that there is a lot going on behind closed doors. They are ready to do that and the second question is are they going to wait until they basically collect all of the [old] 50’s which are due to expire by the end of the month? It’s possible that they might do that but they might not because...you hardly see 50 dinar notes inside of Iraq. They might wait a week or 10 day before they pull the trigger. ...based on all of this information...it looks like the 50 dinar note is ready and could come out at any time BUT...they cannot introduce it without changing the rate first. Reports are that they expect to see the rate change at any moment!
4-16-2015 Intel/Newshound Guru Poppy3 TALKED TO A FRIEND FROM WASHINGTON...AND HE INFORMED ME HE HAS BEEN TOLD THE MEETING TOMORROW [THURSDAY] BETWEEN UST, IMF, WORLD BANK LEADERS HAVE DELIBERATELY BANNED OTHER DIGNITARIES ...IN ORDER MAINTAIN THE TOPIC STRICTLY ON FINANCE...SOUNDS LIKE A SERIOUS FINANCE MEETING... WOW.
4-16-2015 Newshound Guru wmawhite strangely enough, they have been telling us for a long time their idea of a rate and date. Months ago, PM Abadi [said] that as soon as they met their challenges with security that Iraq would join the world on the World Economic Stage. He also said that the defeat of ISIL would not take long to accomplish. He is doing exactly what he said he would do.
4-16-2015 Newshound Guru Millionday AS WE KNOW ABADI IS MEETING WITH OBAMA -- A VERY LONG AWAITED MEETING. Article quote: ''Obama expressed his full support to the Iraqi Government in combating terrorists and liberating occupied areas as well in addressing the financial and economic challenges,'' WHOOOPOW. I NORMALLY DONT GIVE MY OPINION BUT FOR OBAMA TO STATE THAT HE IS GIVING FULL FINANCIAL AND ECONOMIC SUPPORT AFTER ALL OF THE SUPPORT THAT IS GIVEN ALREADY -- IT SEEMS STRANGE TO ME AND APPEARS AS IF IT IS TO DO WITH THE DEVELOPMENT THAT WILL BRING IRAQ TO A MARKET ECONOMY -- IMO ONLY. IMF AND WORLD BANK LEADERS ARE IN WASHINGTON REPORTEDLY... [History in the making... It's all unfolding right before our eyes!] YOU ARE VERY RIGHT -- HISTORICAL AND LONG AWAITED -- THESE MEETINGS ARE WITH THE MOST POWERFUL AND RICHEST.
4-16-2015 Intel Guru EXOGEN THE BONDS WERE MOVING DAYS AGO...HOW CAN YOU DO A GLOBAL INTERNATIONAL BOND OFFERING WITHOUT I. T. INFRASTRUCTURE & E-COMMERCE FUNCTIONALITY IN PLACE... THIS IS NOT ROCKET SCIENCE IF YOU PAY ATTENTION AND READ...ABADI COMES TO USA, MEETS WITH CONGRESS, MEETS WITH WORLD BANK, MEETS WITH IMF, MEETS WITH UNITED NATIONS AND OUT OF THIN AIR IRAQ IS NOW DOING A GLOBAL INTERNATIONAL BOND OFFERING WITH I.T. AND E-COMMERCE FUNCTIONALITY READY TO GO.
4-16-2015 Intel Guru TNT Tony [via Adept1] Security was a big issue over the last 48 hours, proving to the banks and oil companies that they are stable enough and have plans in place to protect the oil, etc. We know they are waiting for the announcement of the RV. ...they are excited about seeing something in the next two days, about a currency change... On Monday, we were told the banks should be exchanging on Thursday, and in Baghdad they are saying over the next few days. It could go as long as the weekend.
4-16-2015 Intel Guru DC Now, Iraq has asked the US, IMF, UN and World Bank for money – why? Won’t they be swimming in money? Because they pull the trigger, that doesn’t mean that they will have unlimited amount to spend immediately. There is a deficit in the 2015 budget when it comes to fighting ISIL. The money they are talking about is almost all about fighting ISIL and related groups. So they are asking for cash and also weapons systems so that they can keep fighting. Regardless of the RV, they have to fight ISIL and that is not part of their budget. Iraq doesn’t have lots of spare cash. It’s not like CBI can open its doors and invite the government to spend what it likes. So part of this is about timing, part is about ISIL, part is about having a backup plan, and also about keeping everyone on edge about when this is going through. Right now, everything is fine and they plan to roll this out. [post 2 of 2]
4-16-2015 Intel Guru DC [via Adept1] In Iraq, they are saying that there are many television mantras like “in the next few days, the completion of the economic reform will conclude”, the “economic crisis will be finished in the coming days”, and also “be prepared for the finality of the economic reform.” There is restricted communication between various places, because of things CBI is preparing for. Everything is ready there. In the mosques, they are still saying “it’s coming, it’s coming – it’s for real this time!” PM Abadi...had extremely successful meetings with the President and VP... Abadi is now meeting with bankers in the US and Europe, at the IMF and the World Bank. [Guru] Tony and I believe that it is unlikely that they will do the RI/RV while he is out of country. There is also a very strong argument in favor of Abadi being out of country for security reasons while this goes through...although my money is still on his being in-country. [post 1 of 2....stay tuned]
4-15-2015 Newshound Guru Kaperoni Just because they have not transitioned as fast as we would like to a market economy does not mean what they are doing is not logical. They are being guided by professional organizations, like the IMF, World Bank, and others..they are not going backwards, sideways, or some other direction. It is Iraq, and it will happen on their timeline, not yours.
4-15-2015 Newshound Guru Adam Montana [I have read the HCL is completed and...Do you see this going on much more seeing what has been completed now? Also, shed some light on Malaki...why hasn't he been arrested yet? How much influence does he have?] HCL is Agreed, not Law - so we're still waiting on that. Maliki - I'm not concerned with him. If he's to be arrested, it will happen eventually. I don't see him as an influential figure in the value of the Dinar. If anything, since his political strength is waning, he would want to see it RV ASAP so he can benefit just like us.
4-15-2015 Newshound Guru sczin11 WHY IS PRIME MINISTER ABADI, AND CREW...MOF, MOP, AND OTHERS, IN THE UNITED STATES OF AMERICA, ASKING FOR MONEY, LOANS, MEETING WITH THE WORLD BANK AND IMF, TRYING TO SOLIDIFY A 10+ YEAR 1.5 BILLION DOLLAR, INTEREST FREE LOAN FROM A USA BANK, FOR IRAQI AIRWAYS? YOU DO NOT HAVE TO BE EBULLIENT, TO SEE THE WRITINGS ON THE WALL? THIS IS ABOUT BEING EXPECTANT...THIS IS ABOUT BEING HAPPY SOMEONE TOLD YOU TO BUY IRAQI DINAR....THIS IS ABOUT THE BIRTH OF THE " NEW IRAQ ", THE ONE WHO WILL EMERGE AS THE MOST POWERFUL, THE MOST WEALTHY, PROUD, SOVEREIGN. DEMOCRATIC COUNTRY IN THE MIDDLE EAST! AND GUESS WHAT? YOU ARE A PART OF THIS HISTORIC CHANGE! [post 2 of 2]
4-15-2015 Newshound Guru sczin11 A LITTLE FOOD FOR THOUGHT...DO YOU SEE ALL THE "ECONOMIC NEWS" BEING RELEASED? AIRPORTS WITH LARGE SCREENS FOR INFORMATION AND SUGGESTIONS (MARKETING & SALES)... MORE FLIGHTS TO NEW LOCATIONS ANNOUNCED...TRAINS WITH ADDITIONAL AND MORE SCHEDULES...CABLE/INTERNET WIRING SERVICE/ COMMUNICATIONS...HUGE COMPANIES RENEWING THEIR CONVICTION TO WORK IN IRAQ (JOBS AND MONEY)... AND MANY MORE...WHAT CAN ALL THIS MEAN? WHERE ARE THEY GOING WITH ALL THESE UPGRADES/ IMPROVEMENTS? WHY ARE THEY FOCUSING ON TOURISM NOW? WHAT IS HAPPENING, ASIDE FROM WAR CONTINUING, THAT WOULD REMOTELY ADDRESS THE NEED FOR ALL THESE UPGRADES? [post 1 of 2....stay tuned]
4-15-2015 Newshound Guru Adam Montana [GOI + HCL = RV !! Still standing by that or no?] Absolutely.
4-15-2015 Intel Guru EXOGEN THE BIG BOY GLOBAL 4G LTE NO BID CONTRACTS IN IRAQ ARE ALREADY COMPLETED AND IN FULL MOTION AS OF RIGHT NOW TODAY (HINT HINT) AND WORK ORDERS HAVE BEEN EXECUTED!! [Wikipedia - 4G, short for fourth generation, is the fourth generation of mobile telecommunications technology... LTE, an acronym for Long-Term Evolution, commonly marketed as 4G LTE, is a standard for wireless communication of high-speed data for mobile phones and data terminals.]
4-15-2015 Newshound Guru Adam Montana [I see they restarted on 4-6. Is this due to a liquidity issue in Iraq, or have they moved the process back? What is your opinion on this?] The CBI is a masterful manipulator of the currency, it's value, and the amount in circulation. The auctions are a major part of their M.O. in controlling the situation, and they will never let on to their full plan. I don't watch the auctions as an indicator to the future. ...I focus on the fundamentals - progress, stability, intent. As long as those things stay positive, I'm content to let the CBI do their job.
4-15-2015 Intel Guru EXOGEN HIGH ALERT...SOMETHING GIGANTIC JUST TOOK PLACE IN IRAQ TIED TO GLOBAL BANKING AND INTERNATIONAL E-COMMERCE (HINT HINT) HIGH ALERT: INTEL: AS OF 10:37 AM EST TODAY THE INVESTMENT IS NOW AT THE HIGHEST LEVEL AND POSSIBILITY FOR DREAMS TO BECOME REALITY IF THE USA COMPLETES EVERYTHING THAT NEEDS TO BE COMPLETED... WE HAVE NEVER POSTED A HIGH ALERT SIGN!!! NEVER EVER!
4-15-2015 Newshound/Intel Guru BGG I have recently heard some people expressing frustration over “being on this roller coaster ride”… Wait a sec. No one promised us anything. We bought Dinar as an investment. The only thing it offers is a chance. I, for one – am most thankful to be in on it. Are we close? IMHO – Most likely – 2 days, 2 weeks – 2 months? Tough to say...but close. There have been way too many goings-on in the Iraqi Finance/currency world lately for there not to be something up. I even heard recently – it is likely Iraq will need to add value (while still in Chapter 8 ) to even be considered for entry into Chapter 14 – which is why I have constantly said “not to worry” – I have thought much the same all along. [post 3 of 3]
4-15-2015 Newshound/Intel Guru BGG The auctions have restarted – but relax...I am encouraged. They are working hard on monetary policy. Dr Shabibi shows up at the IMF meeting in Kuwait City (for whatever reason) – the auctions restart (which were Shabibi’s main instrument). Abadi points out he’ll replace critical Maliki appointees – namely, the CBI Gov...and with the auctions the CBI pretty much has to declare autonomy from the GOI and Parliament – meaning they can’t abide by the 75 mil per day limit Parliament put on them. FYI – Dr Shabibi was also a big “separation” of the CBI and GOI kind of guy – very much into the autonomy of the CBI. This move has his prints all over it. JMHO. It stands to reason they would enlist his help – he is one of the architects of the MR plan…not impossible to think he would be a legit contender for the CBI Gov again if they remove Alak anytime soon. [post 2 of 3....stay tuned]
4-15-2015 Newshound/Intel Guru BGG Article: "Parliamentary Finance proposes to make large cash categories" quote: “expected to” measure will reduce the demand for the dollar and away by all the dollarization of the Iraqi currency and the sale, purchase, exchange and trade in Iraqi currency instead of dollars." We believe they are saying it is not larger denominations, but smaller denominations with a larger value – 1, 5, 10, 20, 50 and 100’s...this is Iraq’s way of saying we are about to delete the zeros (through appreciation) and releasing new “higher value” bills. Further – much of the recent rhetoric is starting very much to sound like an educational campaign to their citizens. Seriously (this was part of a Shabibi plan). [post 1 of 3....stay tuned]
4-15-2015 Intel Guru Frank26 The other thing that you have to understand is right now it’s no longer the physical 3 zeros being lifted. RIGHT NOW they are lifting the 3 zeros from the EXCHANGE RATE. So...what is the exchange rate? (Rounding off it’s .00086) HERE’S THE OTHER PART OF THE 3 ZEROS THAT GET PEOPLE CONFUSED... .00086 <<< see that? Take that decimal point and move it [to the right] over 3 places..which give you .86 which is what starts to match up with what’s on the spreadsheet...it started off around 85 cents. If you remove these 3 zeros...what do you get? [post 2 of 2]
4-15-2015 Intel Guru Frank26 [via FrostyTheSnowman] Many of you look at that currency and say they are going to remove these zeros (3 zeros) and all I’m going to be left with is $25. No! That’s where a lot of mistakes are occurring. They’re [CBI] is not doing it from that. At this phase...part 4 of the monetary reform plan...they’ve already collected the 3 zeros [notes...10,000, 25,000, etc.]...off of the streets [in Iraq]...That phase is gone... Why do you think they’re collecting the 50? Because they’re now at the other end of the spectrum. So...before they removed the 50 they went all the way to the other end of the spectrum and what did they go to? [CBI says] 7 Coins in a few days...weeks..it’s coming! [post 1 of 2....stay tuned]
4-15-2015 Newshound Guru Millionday DID YOU SEE IN WASHINGTON THAT THE IMF AND THE WORLD BANK IS THERE AND ALSO SO MANY ECONOMIC MEETINGS BEFORE AS WELL. IT CAUSES ASSUMPTIONS THAT THEY WILL BE INVOLVED WITH AN EVENT SO LARGE. 4-14-2015 Newshound Guru Millionday [Are we waiting for two events? 1. The RV of the Iraqi dinar, and 2. The move to an international currency. How soon after a raise in the rate will the currency be international, or will it happen simultaneously? Does the IMF have to approval of this rate make it international?] THEY ARE THE SAME THING. IF THE CURRENCY IS INTERNATIONAL IT HAS BEEN PRICED BY THE GLOBAL PRICING INDEX. THE CBI HAS THE RIGHT -- INDEPENDENT RIGHT TO SET THE EXCHANGE RATES BUT WE DO NOT KNOW FOR SURE IN THIS CASE IF THE IMF WILL HAVE TO APPROVE WHAT THEY PUT FORTH.
4-14-2015 Newshound/Intel Guru BGG [U FEEL WE ARE CLOSE HONESTLY? WITH IN DAYS?] close - IMHO - yes, days?? Hard to say.
4-14-2015 Intel Guru Delta URGENT FROM IRAQIA TV: THE COMING DAYS WILL WITNESS A NEW CLASS TRADING 50 DINAR IN LOCAL MARKET!!! WE WILL SEE WHAT HAPPEN THIS WEEK!!
4-14-2015 Newshound Guru sczin11 WE MIGHT BE SEEING IN PRINT HERE, FOR THE FIRST TIME, IN TALKING ABOUT THE POSITIONS THAT ARE TEMPORARY AND NEED REPLACING, THE ONE WE HAVE BEEN LOOKING FOR SINCE THE FIRST RELEASE, SEVERAL WEEKS AGO. Quote: "The administration positions proxy will end After the political blocs agree to provide the names of candidates to vote in the House of Representatives to fill these presidencies my own name." IT APPEARS THEY ARE NAMING THE POSITIONS, AND THE NAMES, OF THOSE BEING QUESTIONED, REPLACED...I THINK. IT STATES THE GOVERNOR OF THE CBI, KEYWORDS, IS ONE OF THE POSITIONS THAT IS EARMARKED AS TEMP AND WILL BE REPLACED. ALI ALAQ, MOSHIN ISMAIL, WHATEVER YOU WANT TO CALL HIM TODAY, THE ACTING GOVERNOR OF THE CBI, MALIKI SUPPORTER. WHERE OR WHERE IS...SINAN AL SHABIBI, WOULD YOU SHOW YOUR FACE...OH HOW HAPPY, I WOULD BE!
4-14-2015 Newshound Guru Kaperoni Article quote: "The CBI has decided to take action to stop the decline of the dinar against the dollar in the local foreign exchange market, by doubling the share exchange companies in the Auction of foreign exchange, and open ports to sell the dollar in a number of government banks." Since the CBI is suppose to be independent, and monetary policy is the responsibility of the CBI, I don't see this as a problem. The cap on auctions placed in the budget is IMO a violation of that independence. That being said, the CBI seems to be "again" learning on the job at the expense of the exchange rate. It has also been implied that this is "planned." Who knows? It could be and we may be in the process of seeing a disorderly exit from the peg to a float.
4-14-2015 Newshound Guru sczin11 I AM NAIVE, AND TRULY HAVE NO CLUE HOW TO UNDERSTAND THIS... NO LIQUIDITY, LITTLE BUDGET FUNDING, WAR TORN COUNTRY, BOMBINGS AND KILLINGS EVERYWHERE, CONFLICTS BETWEEN REGIONS, FULLY SEATED GOVERNMENT STILL IN THE WORKS, CURRENCY NOT INTERNATIONALLY RECOGNIZED, TOURISM DOWN...THE KEY TO THE VERY EXISTENCE OF THIS BEAUTIFUL NATION...TOURISM...I REPEAT IS DOWN...HOTELS CLOSING...YET, AIRLINE FLIGHTS INCREASING TO MANY NEW LOCATIONS, PASSPORT/VISA OFFICES OPENINGS, TRAFFIC LAWS/CONTROLS/SAFETY CONTINUE TO BE PASSED, BUILT, AND ENFORCED...NEW TRAINS AND SCHEDULES FROM PORTS TO MAIN CITIES ARRIVE...AND THERE IS MONEY FOR THIS? WHY? YOU MUST BE BLIND IF YOU REALLY DONT SEE THIS PICTURE, IT IS AS CLEAR AS DAY! IT CAN ONLY MEAN ONE THING...THIS IS ANOTHER AREA PREPARING FOR THE POWER OF THE MIDDLE EAST, IF NOT THE POWER OF THE WORLD, TO EMERGE, A WEALTHY, SOVEREIGN DEMOCRATIC SOCIETY, BY THE PEOPLE, FOR THE PEOPLE OF THE NEW IRAQ.
4-14-2015 Intel Guru Jester [Have your heard anything new from HP [Guru Hocus Pocus] or the sandbox today?] ACTUALLY I DID. WE BEEN TRYING TO RUN DOWN ALL THE "BUDGET IS IN THE GAZETTE" STUFF... NO JOY SO FAR... JUST REPORTING IT THE WAY I AM GETTING IT... HOWEVER... THE TV NEWS HAS RAMPED BACK UP AND THEY ARE DOING THE "OUR MONEY IS GOING TO BE WORTH MORE SOON" THINGIE...WE ARE WATCHING THIS ONE CAREFULLY AND TRYING TO GET ALL THE INFORMATION WE CAN... BUT IT IS NOT ON THE STREETS IN IRAQ YET... THAT IS WHERE OUR GUY IS. [Do you see any positive from Abadi's meeting in Washington?] ACTUALLY I HOPE SO... I HAVE SOME VERY INTERESTING NEWS ABOUT WHY HE IS HERE...THE FACT OF THE MATTER IS THE REASON HE IS HERE IS PURELY CONJECTURE. THE WAY I HEAR IT...FROM [GURU] HOCUS POCUS... IS HE IS HERE TO WORK OUT SOME FUTURE POLITICAL, ECONOMIC AND MILITARY ISSUES WITH IRAQ AFTER THE RI...[they seem to be moving along here.] WELL IT SEEMS SO ANYWAY...WE WILL HAVE TO WAIT AND SEE...
4-14-2014 Intel Guru Frank26 [Abadi] will also give the IMF a report while here [in the USA]...what does the IMF hold? Article 8. The CBI spreadsheet has a rate family between 85 cents to a dollar plus. And they tell you they will remove the 50 by April 30, 2015. Let’s see here a rate and a date. Well now that’s interesting – rarely seen that close together. The change of the monetary policy typically occurs in the middle of the month but I don’t think that’s going to happen in this case. There is a committee right now to monitor the IQD currency process. These committees are set up to monitor the process of the switch of the rate. The HCL is in the BUDGET and will come out when the GOI CBI says so. Our Teams are telling us that they’ll show it to us next month. Dr. Shabibi is taking his time. There is constant progress in what we’re seeing! The CBI is in the process of lifting the 3 zeros to add value... both the GOI and CBI are boasting of the MR of the IQD. [post 2 of 2]
4-14-2015 Intel Guru Frank26 SECURITY..SECURITY...SECURITY! The IQD is being SECURED and is much farther along than you may think. The banks in IRAQ have been taken back. Does that secure the MR of the IQD. Yes! How about Maliki? He’s ancient history – it’s like he doesn’t exist anymore. What other form of SECURITY do we want? The currency itself needs to be SECURED. Have you seen the COINS or LOWER DENOMS? “How’s that for SECURITY?” Do you see counterfeiting/smuggling being an issue? No, actually they talk about preventing it now. That’s SECURITY for the IQD! The lower denoms are Dr. Shabibi’s plan. You didn’t even know that Dr. Shabibi was being protected by iTeam did you? There are 4 parts to the monetary reform of the IQD established back in 2006. We are in the last and 4th part. The MR is working well! [post 1 of 2....stay tuned]
4-14-2015 Newshound Guru Millionday [...if they are working this much...and going thru so many changes...do you think they will want to have a mediocre currency? one that will fit nicely towards the bottom of the M.E. countries?] THEY HAVE MADE IT VERY CLEAR IN MANY STATEMENTS HOW LARGE THEY WANT THE DINAR TO BE TO THE GLOBE --- SMILE --- I BELIEVE IT WAS THE STRONGEST IN THE REGION THEY STATED --- I WOULD THINK IT WOULD BE BY GLOBAL PRICING INDEX CALCULATION THOUGH NOT THE NUMBER PAIRED -- IT REFERS TO THE GLOBAL PRICING INDEX.
4-14-2015 Newshound Guru tlm724 Articles: "Parliamentary Finance proposes to issue large cash classes to maintain the value of the dinar against foreign currencies" "House extends the legislative term second extra months" "Formation of a committee to issue coins of 50 categories and 100 dinars pave the way for the abolition of zeros" "Finance Committee announced on Saturday, for the formation of a committee to study the issuance of coins" "Parliamentary Economic reveal the issuance of new currency of the type 50 and 100 000 dinars" thats at least 5 sources...that we have for this news...Iraq is putting out a media blitz to inform the public to be on the look out for a change in the currency imo!
4-14-2015 Newshound Guru Millionday [with all the articles over the last week about green lights, and oil prices, and the zero project underway and large coins and less dinar numbers and the north passing their HCL and now the budget law and on and on...is there ANY reason you can think of that we shouldn't be excited?] I CAN SAY WITH THE MANY THINGS ECONOMICALLY GOING ON AND THE MILITARY SUCCESS AS WELL WE HAVE SEEN -- I AM EXCITED -- I SEE GREAT SUCCESS AND KNOW THIS IS A LONG TIME INVESTMENT BUT IT HAS BEEN YEARS AND IT APPEARS WITH THE BUDGET AND THE INVITE OF INVESTORS THEY ARE HEADED FOR A MARKET ECONOMY -- THAT REQUIRES A PRICE -- I DONT KNOW WHEN OR HOW MUCH BUT IT LOOKS LIKE PROGRESS TO ME AND EXCITING. 4-13-2015 *** Dinar Guru News Update *** Prime Minister Abadi will meet personally with United States President Obama THIS Tuesday in the White House in Washington DC...they are expected to discuss a road map for the long term plan for Iraq and US relations. Stay Tuned as the Gurus report on this monumental and very rare get together. The latest Guru updates will continue below...
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4-13-2015 Intel Guru TerryK HERE IS SOME NEWS...I WILL KEEP IT VERY SHORT...GET YOUR SHOES READY...THAT'S ALL IM GOING TO SAY.
4-13-2015 Intel/Newshound Guru Backdoc WE SEE BANKS ACCEPTING OLD DAMAGED AND WORN OUT BILLS DEPOSITED INTO DIGITAL FORMAT BUT NOT REPLACED! MMMMM SMART! THE IMPORTANT THING TO NOTE HERE IS THAT DIGITAL CAN BE ADJUSTED WHEN THE RATE GOES LIVE! YOU SEE, "VALUE CAN BE ADJUSTED INSTANTANEOUSLY”. IT'S HAPPENING RIGHT BEFORE OUR EYES! IT’S HIDING IN PLAIN SIGHT! ONE STEP AT A TIME! THE FRONT DOOR IS OPEN BUT WHEN THE BACK DOOR CLOSES YOU WILL WAKE UP TO AN ACTIVATED ECONOMY WITH THE INTERNATIONAL RATE! [post 2 of 2]
4-13-2015 Intel/Newshound Guru Backdoc THE OIL MINISTER AS WELL AS PM ABADI CALLED FOR ACTIVATING THE ECONOMY AND TODAY THEY ARE IN THE USA IN A HIGH DELEGATION... DISCUSSING MAJOR ISSUES OF WHICH THEY MENTION, DEFENSE, AND ACTIVATING THE IRAQI ECONOMY! CURRENTLY, WE SEE THEM BEGINNING TO IMPLEMENT THE BUDGET PIECE BY PIECE NOW THAT IT IS PRINTED AND IN THE GAZETTE. AS THEY SAID IN THE NEXT FEW DAYS THEY WILL DISBURSE THE REMAINING 70% OF THE BUDGET! OF COURSE CURRENTLY, WHAT THEY ARE DOING ON THE DISBURSEMENT SIDE IS ALL DIGITAL! SALARIES ARE BEING DISBURSED DIGITALLY ON THE SMART CARDS! [post 1 of 2....stay tuned]
4-13-2015 Intel Guru TNT Tony Abadi and his entourage are in the US right now, and they are scheduled to have an appointment with President tomorrow, plus many meetings over the next three days while they are here. The news on television is still saying the final phase is coming to an end in the coming days… even though that has been seven days now. Announcements have been made in the mosques, too. The people of Iraq were told this was going on Sunday. Banks told their people to be prepared for a huge crowd on Tuesday morning. That was the plan as of last Sunday, so people were very exciting. It didn’t happen Sunday or today, but there is another projection. I don’t imagine it will happen while PM Abadi is here...
4-13-2015 Intel/Newshound Guru tman23 ...the pulling of the 50 is not only to avoid confusion but also an exchange test run AND transfer to destroy the notes...There is to be a major change scheduled on 5/2... speculation could run wild on what it involves..But I guarantee you a change to money or Qi Cards or some payment system is scheduled on 5/2... And this is NOT SAYING RV.
4-13-2015 Intel Guru DC We are still where we were on Friday, everyone is on call, ...Everyone is still on lockdown. Iraq is very ready, preparing things. Abadi is in the US right now, but the Iraqi television is still expecting monetary reform in the next few days, Iraq is the strongest country in the world, etc. In Iraq, they strongly believe this is the final week. They are not prepping for the RV to be months away but to go through now, by the 15th. Can things change? Sure. Everybody is prepared for this to go through... we believe they will wait for Dr. Abadi to get back to Iraq on Wednesday... let’s hope and pray this goes across the finish line.
4-13-2015 Newshound Guru Millionday "Iraqi Central Bank was established as an independent entity by virtue of the law ratified in March 2004. It is responsible for maintaining stable prices and implementing monetary policies including exchange rates policies, managing foreign reserves, issuing and managing currency in addition to organizing the banking sector to promote an independent and competitive financial system." SO AS WE SEE -- THAT IS THE JOB OF CBI FOR THOSE OF US THAT ARE NEW...
4-13-2015 Newshound Guru sczin11 REALITY RATE = TRUE VALUE - TRUE VALUE = SUPPLY AND DEMAND. THE MONEY SUPPLY IS/HAS BEEN IN PROCESS OF BEING REDUCED FOR A WHILE NOW. WE HAVE SEEN THE MEETINGS OF TRAINING THE BANK EMPLOYEES FOR COUNTERFEITING- WE HAVE SEEN THE ANTI MONEY LAUNDERING WORKSHOPS - WE HAVE SEEN 50 DINAR NOTES RECALLED TO A WORTHLESS VALUE IN JUST 60 DAYS OF TIME...ER [ECONOMIC REFORM] CAN NOT GET TO WHERE IT NEEDS TO BE WITHOUT MR [MONETARY REFORM]... JMHO
4-13-2015 Intel Guru Mnt Goat to our surprise the other day out pops a major 2014 budget revision as it gets raced through parliament, gets ratified and posted in the Gazette in record time. It also now includes sections related to HCL that were left out of the first draft budget completed and posted in the Gazette. This was expected since we know they have been paying out already on HCL. This also confirms to use once again HCL is done.
4-13-2015 Intel Guru TerryK GOT WORD LATE LAST NIGHT THAT IRAQ IS ON A TIPPING PLATFORM...IN OTHER WORDS IF THEY DON'T MAKE SOMETHING HAPPEN WITH THE VALUE OF THEIR CURRENCY THEY ARE GOING TO CRUMBLE TO NOTHING. THE INFRUSTRUCTURE AS WE KNOW IT WILL FALL. HEARING THAT ABADI IS ASKING FOR RELEASEMENT THRU OBAMA AND THE UST TO THE IMF TO LET THEM INCREASE THE VALUE OF THE CURRENCY. NOW WITH THAT SAID I'M REALLY CONFUSED HOW THE USA CAN STILL HOLD ONTO THIS AND WHY. I THINK THIS WEEK WE SHALL SEE ALOT OF THINGS HAPPEN.
4-13-2015 Newshound Guru Kaperoni the dinar will rise in value based on economic pressure. That pressure comes through the capital account. As more investors come into Iraq, it creates inflationary pressure which then the dinar rises to compensate...the rate of the dinar will be set by supply and demand...it should not say weak long. But it must start weak to reduce the money supply. Iraq is an emerging market. They are doing things to succeed not fail. Slow and gradual.
4-13-2015 Intel Guru Frank26 [i am sick of this roller coaster.] When You bought Your dinars no one promised You anything. But I can Promise You this MR [Monetary Reform] Lave Flow is Hot and progressing...IMO...We...You are at the end of this race. PS...For those confused???...HCL IS DONE...Hence it's coming.
4-13-2015 Intel/Newshound Guru Poppy3 IF YOU BEEN READING THE NEWS FLOWING LIKE MILK AND HONEY FOR THE LAST 8 DAYS...EVERY REPORT HAS POINTED TO THE COMPLETION OF FINANCIAL REFORM...FROM ABADI TO DR SHABIBI, IMF, WORLD BANK, ETC. ...THEY KNOW EVERY DETAIL THAT MUST BE DONE...AND ARE PUSHING TO GET IT THERE. ...LIKE [GURU] BGG SAID THE OTHER DAY...THEY WANT AND NEED THE SAME THING WE DO. THAT IS TRUE SO OUR REWARD IS INEVITABLE AS SOON AS THEY CAN LINE THINGS UP TO PRESENT THE NEW RATE TO US.
4-13-2015 Newshound Guru Millionday THE BUDGET WAS PRINTED IN THE GAZETTE TODAY. THIS IS FROM THE PRINTED BUDGET IN THE GAZETTE. "The House of Representatives voted nine minutes of the second legislative term in the first legislative Psonth (29/01/2015), the draft federal budget for the 2015 law, the value of 119.5 trillion dinars and a deficit of about 25 trillion" ...SO THERE IT IS...FINALLY...WHOOOPOW...THE BUDGET IS LAW.
4-13-2015 Intel Guru EXOGEN IRAQ IS NOW OUT OF TIME & GAMES ARE OVER...UST NOW PLACING PRESSURE ON IRAQ TO EXECUTE. THIS WEEK WILL BE VERY BUSY...HIGH LEVEL PLATFORM ACTIVITY-NO HOLDS.
4-13-2015 Newshound Guru Millionday Article Quote: "Prime Minister Haider al-Abadi will discuss four files with the US administration during his visit to Washington, while calling for the need to have the Iraqi delegation "marginal" with the US administration on the outstanding issues. "Prime Minister Haider al-Abadi visit to the United States acquires meanings of special importance being the first visit to Ebadi to Washington," noting that "agendas files Abadi in this visit will be a big and complex." THE AGENDA IS BIG AND COMPLEX -- NICE. THIS VISIT IS VITAL AND TO ADD CONFIDENCE...THE VISIT WILL BE FOR DAYS -- AND COVER FOUR SUBJECTS...HE LEAVES TOMORROW [MONDAY] MORN.
Read more: http://www.dinarguru.com/#ixzz3YW2gC8AN
4-12-2015 Newshound Guru Kaperoni Now, as for the 50 dinar that is expiring...there are many reasons why it is being demonetized. But let me explain something...Most countries of the world size the currency depending on value (the US does not)...the 50 dinar is very small. Almost like play money with dimensions like 2" x 4". This represents the lowest denomination and value. Here is why they removed them...As the dinar rises in value and the new lower bills are issued, it creates a new set of sizes based on the new value of the dinar...with the 50 ultimately being the second largest dinar and not the smallest...ie. 1, 5, 10, 20, 50, 100. Continuing with the theme, Iraq could not have a 50 this size in circulation as it would not be correctly identified (size) within the new bills. Removing it and allowing the CBI to issue an entire new set solves that issue. [post 2 of 2]
4-12-2015 Newshound Guru Kaperoni I will try to explain a few things as clear as I can...Iraq has no intention of releasing any larger denominations. There is no 50,000 or 100,000 or any intent to make them...it does them no good. You must view this investment with the vision that Iraq wants to engage and open a market economy with the world. It has been said over and over they need to reduce the physical notes from 4 billion to 1 billion. They need to remove the zeros for many reasons including accounting purposes, they need to create a monetary system on par with the world, etc. etc. This information is stated in numerous articles and documents... And in doing so...adding any denominations with "zeros" does not acheive these goals. In fact it does not help in one instance. Therefore, we know factually that Iraq will not go backwards. It is not in their interest. [post 1 of 2....stay tuned]
4-12-2015 Newshound Guru Millionday Article quote: "A statement by the bank on Saturday, said that "the Bank of Iraq intends to smart card adoption in the mechanism of the distribution of salaries of employees in departments and all state institutions, rather than the manual method of criticism." "this method reduces the importance of the monetary circulation and keep the money in the form that allows for circulation at any time and any place." ANYTIME AND ANYPLACE -- THAT MEANS THAT THIS CARD CAN BE USED GLOBALLY. [any date on the use of the smart card?] NO DATE YET. IN FACT IF WE THINK ABOUT IT THEY ARE HOLDING DATES ON ALL THAT IS TO BE DONE -- THAT LEADS ME TO THINK THAT THE DATES ARE ALL AT THE SAME TIME DUE TO THE REFORMS AND OF COURSE THE MARKET NEWS IT WOULD RELEASE. ONE DATE ON SOME THINGS WOULD LET US KNOW SO SO MUCH. [I DON'T THINK THERE WILL BE A DATE ANNOUNCED, IT WILL JUST HAPPEN IMO.] RIGHT AS SHABIBI STATED IT WILL JUST BE THERE.
4-12-2015 Intel Guru Frank26 Article: "US Embassy: Abadi will meet with a broad spectrum of US officials" IMO...He [Abadi] is here...Has been here ...Yet media will tell You he arrived today ...Will be in WH on Tuesday and return home on Thursday.
4-12-2015 Newshound Guru tlm724 Article: "The formation of a finance committee to issue fifty-categories and one hundred thousand dinars a prelude to delete the zeros" Quote: "the combined committee is studying all aspects of the safe and compared with other currencies began to release." "The work on the issuance of these two categories booting to remove zeros from the Iraqi currency in the future,..." I believe they will begin to issue the lower denoms in the very near future. I believe they are at the end stages of the reform...as always we have to wait this out as [Guru] Bondlady encourages caution when it comes to Iraq, we have seen several times where we knew they wanted to move forward and didn't BUT times and circumstances are different now!
4-12-2015 Newshound Guru sczin11 HE [MALIKI] MAY BE SOMEWHAT "UNDER CONTROL", BUT HE IS NOT OUT OF THERE BY ANY MEANS...YET. IS DR. SINAN AL SHABIBI, WAITING IN THE BACKGROUND, AND IF HE IS, DOES MALIKI'S PRESENCE IN GOVT, IN IRAQ IN GENERAL ON THE LOOSE, DELAY THE RETURN OF THE DOCTOR? THE ONLY QUESTION I WISH COULD BE ANSWERED, DOES HIS PRESENCE IMPEDE THE COMPLETION OF THE IRAQI MONETARY REFORM?
4-12-2015 Newshound Guru Millionday Article quote: "Jabbar al-Abadi told all of Iraq [where] that "oil and gas from the important laws law but had previously introduced in the previous legislative session of the parliament did not get agreement on the approval," adding that "in the current session of the House of Representatives, there will be a political consensus to pass the Act by the political blocs." THEY ARE IN AGREEMENT ON THE HCL AND IN SESSION SO THERE ARE TWO ANSWERS WE HAVE BEEN LOOKING FOR. Quote: "...the Commission has not yet with the Presidency decided to read it, adding that the laws that can read Committee, are exempt foreign contractors and secondary, fees contractors on the geographic area within the oil rounds..." WHAT WE ARE MISSING ARE THE FOREIGN CONTRACTORS AND FEES. THEY ARE WORKING ON THIS AND ARE IN AGREEMENT...NOTICE THE OIL MINISTER STATES THIS IS THE HOLD UP FOR IRAQ...THIS IS FINALLY COMING TO AN END.
4-12-2015 Intel Guru Frank26 Last week [GURU] DELTA'S TEAM finds out a reporter interviewed The CBI Governor and told the Citizens on National TV the MR [Monetary Reform] is lifting the 000's in two weeks...An Expectation of it! Today this economist learns the same thing that THE MR PROCESS...Is almost over with. It is Not the Start of it ...It is The End of it.
4-12-2015 Intel/Newshound Guru Backdoc I LOVE THIS CALL TO ACTIVATE THE HUNDREDS OF LAWS IN WAITING, INCLUDING THE REMAINING PARTS OF THE HCL! EVERYTHING IS WAITING TO ACTIVATE JUST LIKE THEY TOLD US WEEKS AGO, IN "ONE BASKET"! WITH DIGITAL DINAR BEGINNING TO FIND ITS WAY OUT OF THE BUDGET AND INTO ITS' PROPER HANDS, THE SMALLS READY TO ROLL, DAMAGED CURRENCY BEING COLLECTED AND DIGITALLY DEPOSITED, ITS CLEAR TO SEE THE FINAL PREPARATIONS ARE BEING MADE INSIDE THE CBI FOR A LAUNCH POINT! WHAT A NICE SPOT TO BE IN...
4-12-2015 Newshound Guru Mailman17 IS SHABS IN OR OUT? WHO CARES. IF HE WAS IN HE WOULD HAVE BEEN REINSTATED. HE MAY BE A CONSULTANT. ANYTHING THIS BIG WOULD BE IN THE NEWS...NOT RUMORS. AND THERE WILL BE NO FLOAT FROM 1166 AND INCREASE THE VALUE AS NOTES ARE TAKEN AWAY. THAT IS THE STUPIDEST THEORY I HAVE EVER HEARD. TALK ABOUT CREATING SPECULATION, WHICH IRAQ DOES NOT WANT. THEY WILL COME OUT ON PAR AS PLANNED, STAY STABLE AND LET THE PEOPLE GET ADJUSTED AND THEN GO TO A MANAGED FLOAT...AS PLANNED...JMO. [post 3 of 3]
4-12-2015 Newshound Guru Mailman17 AS PER SHABS THESE NOTES ALONG WITH THE LARGER WILL COINCIDE WITH THE NEW NOTES FOR A BRIEF PERIOD, MOST LIKELY 2 YEARS. THERE IS NO NEW 50 DINAR NOTE IN CIRCULATION...CHECK THE CBI. IF IT WAS BEING USED TO REPLACE THE OLD IT WOULD BE LISTED AS A USABLE CURRENCY...IT IS NOT. IN THE END WE KNEW THE BS WOULD BE HEAVY. BE CAREFUL WHAT YOU READ AND DO YOUR OWN THINKING. IRAQ WAS MEANT TO SUCCEED AND THE WORLD WILL RIDE ITS COAT-TAIL. THAT HAS AND ALWAYS WAS THE PLAN FROM DAY ONE. NOTE COUNT? I CAN SEE IT...BUT ONLY NOTE COUNT INSIDE IRAQ...NOT OUTSIDE. WE HAVE AND ALWAYS WERE ACCOUNTED FOR. PLEASE BEWARE OF BOGUS ARTICLES, ESPECIALLY THOSE PUT OUT BY SOMEONE WHO ABSOLUTELY HAS NO SAY SO...MPS ETC. [post 2 of 3....stay tuned]
4-12-2015 Newshound Guru Mailman17 I HAVE STAYED SILENT FOR QUITE AWHILE NOW WAITING FOR THE CBI TO SHOW ME THE PROOF I NEED TO EITHER ACCEPT OR DENY THE SUPPOSED CxxP ARTICLES CONCERNING THE REMOVAL OF THE 50 DINAR NOTE AND ALSO THE NEWER NOTES OF 50 AND A HUNDRED THOUSAND. LOOK AT THE FACTS FOLKS. WE HAVE SEEN ARTICLES SAYING THE 50 NOTE WILL BE RETIRED AND A NEW 50 WILL REPLACE IT AND THE PEOPLE OF IRAQ HAVE TILL THE 30TH OF APRIL. WE ALREADY KNOW THEY HAVE NEAR ZERO DINAR INSIDE IRAQ, WHETHER IN THE PEOPLES HANDS OR BANKS FOR THAT MATTER LET ALONE THE KURDS BEING PAID IN USD. HAS ANYONE SEEN A PICTURE OF A NEW 50 DINAR NOTE? NO YOU HAVE NOT BECAUSE ITS RELEASE WILL COINCIDE WITH ALL THE OTHER SMALLS INTENDED. THEY HAVE PUT OUT A BxxxCxxP ARTICLE TO SCARE THE PEOPLE TO TURN IN THEIR LOWER DENOMS... INCLUDING THE FIFTY AND MOST LIKELY THE 250 AND 500. THE SECURITY FEATURES ON THESE 3 NOTES ARE THE SAME...PERIOD. THE 50 HAS NOTHING LESS THAN THE 250 OR THE 500. [post 1 of 3....stay tuned]
4-12-2015 Newshound Guru Kaperoni "Najib added that "the project to delete the zeros from the currency will not apply because the economic environment is favorable for the success of this project, despite being one of the objectives of the Central Bank." Najib is saying we are not deleting the zeros from the currency... because the economic conditions are favorable..in other words they are raising the value and not going to LOP.
4-12-2015 Newshound Guru Millionday [is there a chance that they will say "turn in your 25k note for a 100 iraqi coin with a stronger buying power"... similar to the way they did with the 50 note?] IN COUNTRY THAT COULD HAPPEN BUT IN OTHER COUNTRIES YOU WOULD EXCHANGE FOR THE CURRENCY YOU NEED IN THAT COUNTRY. [so basically the 50 dinar delete the zeros that started March 3rd got official in regards to the green light?] THEY SEEM TO BE ALWAYS LATE IN REPORTS SO HOW FAR THEY ARE...WE HAVE NO WAY OF KNOWING... [post 2 of 2]
4-12-2015 Newshound Guru Millionday FIRST LET ME SAY...THE RATE IS AT 1166 TO I US DOLLAR -- SO ANY USE OF SMALL DENOMS WOULD MAKE NO SENSE...THE USE OF 50 AND 100 HAS TO IMPACT THE PRICE INDEX OF IRAQ... Article quote: "the central bank governor and the problem is studying the matter and study the safe aspects and compared with other currencies in preparation for the start of release," pointing out that "there is a procedure to remove three zeroes as..." SO THE BEGINNING OF THE REMOVAL OF THE THREE ZEROS IS TO BEGIN --- AS IN GREEN LIGHT...THIS IS ANNOUNCED TO BE THE BEGINNING... [is this just in country...] THE INTERNATIONAL RATES ARE A RESULT OF REDENOMINATION IN IRAQ -- AS IT WOULD BE FOR OUR COUNTRY -- IT IS A RESULT THAT WE WANT TO SEE NOW. VERY EXCITING TO SEE THE BEGINNING OF THE PROCESS. IT GIVES NO TIME JUST THAT THEY ARE FORMING AN ECONOMIC COMMITTEE TO BEGIN. [post 1 of 2....stay tuned]
4-12-2015 Intel/Newshound Guru American Contractor The State banks Rafidain and Rasheed will be distributing the hard currency to other banking facilities and currency exchange centers. The new procedure is going to be the workaround for the CBI restriction of the $75 million dollars. Instead of the Central Bank conducting the auctions it will allow other banking facilities and currency exchange centers to distribute the US dollar at a pre-arranged rate. The CBI is trying its best to control the value of the Iraqi dinar and increase the value. Limiting the US dollars in the market have had a negative impact on the value of the Iraqi dinar. The Central Bank is increasing the amount of banks and currency exchange centers inside Iraq. I would look for additional printing of higher value banknotes like the 50k and 100k in the future. [post 2 of 2]
4-12-2015 Intel/Newshound Guru American Contractor The Central Bank of Iraq (CBI) realizes that they have a major problem with the exchange rate of the Iraqi Dinar. The CBI has filed a lawsuit against the Parliament Economic Committee to lift the currency auctions restrictions of only $75 million per auction day. There has been no published date scheduled for the hearing in the Iraqi court system. Meanwhile, the Central Bank has limited the dollar currency auctions to two times per month, trying to limit the US dollars in circulation. The current market rate for one US Dollar is 1340 Iraqi dinar. The market rate for the Iraqi Dinar has not been this high in several years. The Central Bank will be increasing the number of exchange companies inside Iraq and will be utilizing both state banks to assist in distributing the hard currency US dollars to Iraqi citizens. [post 1 of 2....stay tuned]
4-11-2015 Newshound Guru FrostyTheSnowman [new guru] Humm ...could history repeat itself (minus Saddam) and cater to an INSTANT level of understanding for the Iraqi people? What I mean is...could the CBI release coins / / shapes / sizes that Iraqi people are/were already familiar with ...except this time with more "VALUE?" After all...if the CBI releases ANY coin that DOES NOT have MORE purchasing power or VALUE than what the coin is worth melted down ...well then the citizens will just melt them down again like they did before. So IMO if they don't have more INSTANT VALUE and possibly INSTANT RECOGNITION...WHAT'S THE POINT?
4-11-2015 Newshound Guru Aggiedad77 [Since April 30 is the date, does that mean we are waiting for the ri/rv till May or later and not this mid month (April) as some had thought possible (mid month being when other revaluations took place)?] No IMO...I believe the stated windows for April remains valid...and yet another opinion...we remain in a day to day time frame...things in Iraq are happening much more quickly than we have ever seen...not sure about PM Abadi's upcoming trip...and how it will play on things...but watchful as ever.
4-11-2015 Newshound Guru Breitling [I heard you say the CBI will be retiring the notes in stages…I have different note categories 25K, 10K, 500 for most of them I have no receipt and no certificate…can I exchange them if I don't have receipt or certificate?] Absolutely you can! There is no law that says you can't…This is a countries currency. The dinar IS international….I bought mine from Chase Bank. The biggest misconceptions is that you need a receipt to exchange your currency. NO YOU DO NOT.
4-11-2015 Intel Guru DC [via Already Blessed] MORE CONFIRMATIONS THAT WE ARE IN A GREAT PLACE.
4-11-2015 Intel/Newshound Guru Backdoc Article quote: "MP from the Parliamentary Finance Committee, said Haitham al-Jubouri, the committee proposed the issuance of large cash categories to control inflation and to preserve the value of the dinar against the dollar, as he emphasized that the central bank is now working to develop a thorough study on the introduction of new categories." GET READY FOR A FLOOD OF LOWER DENOMS! AND IT LOOKS LIKE THE DIGITAL DINAR IS STARTING TO FLOW OUT TO THOSE SALARIES. THE NICE THING IS THE RATE ON THOSE CARDS WILL CHANGE INSTANTLY WHEN THE RATE CHANGES! THEY NEED TO DE-DOLLARIZE WHEN THOSE LOWER DENOMS FLOOD THE MARKET! WHAT WILL MOTIVATE THEM TO GIVE UP THOSE DOLLARS? A CURRENCY WITH VALUE HIGHER THAN A BUCK!! REMEMBER? DONOR CURRENCY!! IF WE SEE A FREE FLOAT IT WILL SOAR LIKE AN EAGLE!
4-11-2015 Newshound Guru Kaperoni the appreciation will be gradual...that is the only way they collect those notes and retire them [But still a float?] absolutely...that is what will happen...as the value raises, the notes are retired and new smaller notes with that additional purchasing power come out...in the end, Iraq has a 1, 5, 10, 20, 50, 100 equal to the dollar. [is 1166 the start rate or do you think it will go international at different rate?] it will start there but it wont stay long. they could never afford a RV not even at a .10. it has to be gradual or the money supply in the trillions would bankrupt them. if iraq creates the right environment, laws, stability, etc. the dinar is undervalued and should rise fast! forget about $3 never happening...the goal is 1 to $1. I believe it will happen over a 1-2 years...we may see .10 by end of year...if were lucky and .50 by end of 2016. [post 3 of 3]
4-11-2015 Newshound Guru Kaperoni now part 2 of that sentence...they want to use large banknotes to reduce the number...that is also confusing...they are not going to use large banknotes and there is a new campaign starting talking about 50,000 dinar or 100,000 dinar...not happening! How do I know this? because introducing larger notes does not reduce the note count either...in fact it creates more! so what does Allaq mean? he means they will use notes with higher value to reduce the note count...in other words...lower denominations with a higher exchange rate...that is the only way to reduce the note count. in fact I can also prove this...back in 2012 the CBI told the Currency book that they were going to release a 50,000 dinar note (but marked at a 50)... So the CBI is going to raise the value, introduce new lower denominations with "higher value" and that will allow them to reduce the paper notes from 4 billion to 1 billion. ...I have direct information from an economist in Iraq supporting this. [post 2 of 3....stay tuned]
4-11-2015 Newshound Guru Kaperoni ...earlier this week...an article...mentioned the CBI met with the Parliamentary Finance Committee. Quote: "In turn, justified the Governor of the Central Bank, according to the statement in response to queries from members of the committee not to implement the project to delete the zeros because it Aigll of paper the size of likely benefit to export more to reduce the number of categories in advance..." it is huge news...it is a quote direct from Ali al-Allaq's mouth...Ali al-Allaq is the CBI gov...it does not get any better. here is the correct translation..."From his side the governor of the central bank explained to the members of the monetary committee why the central bank is not implementing the deletion of zeros right now because it does not lessen the quantity of banknotes preferring the larger banknotes to reduce the number!" ...it is just great news! ...we know they want to reduce the physical note count from 4 billion to 1 billion and Allaq says he is not doing the deletion of zeros because that does not reduce the count. Only a lop reduces the value, but not the count...so he is saying clearly...we are not going to LOP...because that does not reduce the note count. that is rock solid proof that the dinar will not LOP because it is direct from Allaq's lips. [post 1 of 3....stay tuned]
4-11-2015 Intel/Newshound Guru tman23 Abadi's schedule says he will be in the US 4/14...Tuesday (4/14) is the day the CoM meets...So evidently there are no pressing items on the agenda. The biggest unanswered question is...Who will be the traveling companions of Abadi to the US? And as soon as Abadi returns to Iraq will we be seeing the Kurd delegation heading to Baghdad? (like flash gordon IMO)...To receive prepayment on oil means collateral required. Prepay for oil! Not on your WORD and SECURITY capabilities, which I might add have past history showing to be subpar (putting it lightly)! IMO this visit to the USA is the "closing" with all signatures required. The protection of "PTB" interests in Iraq giving rights to protect those assets...IMO...The chicken or the egg? Iraq asset protection before Iran agreement.
4-11-2015 Newshound/Intel Guru BGG I will pass along some info I got...from a legit translator... It may well be that Alak was not talking about "larger notes" in front of the Finance Committee. it is possible (and I leave room for possible) he was saying "larger valued notes"... in other words... the 1, 5, 10 and raising the exchange rate in conjunction with this action... - which would effect the "paper" - or note count... [LARGER AND LARGER VALUED ARE TWO VERY DIFFERENT MEANINGS.] going the other direction - in his own words "would not reduce the paper" - or note count... So - very good news and falls right in line with the reasoning for them taking the 50 Dinar note out of circulation. I can easily see why they did it now... a 50 doesn't conflict with a 500 - that is absurd... but to an Iraqi - the 50 and the 5 are trouble. plus - if they are going to wind up "equal to the dollar" - they don't really need a 50. [ARE YOU SUGGESTING THE VALUE WILL BE EQUAL TO THE DOLLAR?] I am not - according to various reports - they have suggested as much.
4-11-2015 Newshound Guru Millionday THE INPUT FROM OIL PRODUCING WILL HAVE MORE IMPACT IT SEEMS. THERE ARE SOME CHANGES COMING WITH OIL AGREEMENTS AND THIS MAY BE WHY SO MUCH TIME IS BEING TAKEN WITH AGREEMENTS IN IRAQ OTHER THAN FINANCIAL AS WELL. THIS WILL BE A HISTORIC CHANGE... I DONT EXPECT NOR SHOULD YOU THAT OPEC IS GONE ETC -- BUT SOME CHANGES SEEM TO BE COMING. 4-10-2015 Intel Guru TNT Tony Information from all directions are super-positive... On the television, they are saying that ‘phase four’ is to be concluded in the next couple of days. We heard the cards are all being adjusted to the new rates... and banks authorized to exchange starting at a certain time today ...tells us we are closer than ever.
4-10-2015 Intel Guru DC [via Adept1] There are so many things going on Iraqi television; some are saying “economic reform is completed in the next few day” and some “in the next DAY”, and that Iraq will be the wealthiest country in the region. “The economic reform will conclude in a major economic rebirith for Iraq in the next come days” meaning three days or less. My understanding is that Abadi and Shabibi are coming to the US for the 13 - 14th, or maybe even later next week. The banks are prepped and ready to go, they have been trained and...Every person is either in place or on call... Bottom line is that we expect this to happen before the 15th.
4-10-2015 Newshound Guru Breitling …Iraq is NOT exchanging their notes for US dollars or "cashing in"…it's an exchange. There's a value on the dinar and there is a value on the US dollar and they just do an exchange and that's it. It's that simple. There's still a lot of people thinking where is Iraq going to get all this money to cash in? We don't need Iraq to have dollars to be able to "cash in". It's an exchange. People don't understand that concept. It's value per value. [Post 2 of 2]
4-10-2015 Intel Guru Mnt Goat So where do we now stand on the revaluation?
In my opinion if they could revalued the entire countries currency all at once they would have done so already and be done with it. But do to ISIS held control of some of the regions this was not possible...So now what is the plan going forward? Will they find a way to offset the increase in USD against the IQD? The news is telling us they have a solution and it will be implemented prior to the end of April. So my interpretation is this – we can expect to see the resuming of the project to delete the zeroes prior to or at the end of April. This is all I can say and we must wait and see what happens between now and then. They will most definitely tell us in the upcoming news what they plan to do.
4-10-2015 Newshound Guru Breitling There are two ways Iraq can do this… they can retire all their notes at one shot…them getting rid of the 50 dinar notes instead of all the other notes is an indicator of what they're thinking…they are going to get rid of one note at a time and retire them as they start gaining value…there is no reason to have the 50 dinar note at this point so they got rid of it to reduce the note count...[Post 1 of 2 Stay tuned for the rest of the story]
4-10-2015 Intel Guru Delta We saw the amazing article from the governor of the CBI who said “we got the green-light” and most people thought in 3-4 days we would see something but nothing happened. So we re-read the article...the governor of the CBI told us exactly what they needed to do before they could pull the trigger. Prior to that...they said they had something to do. They are trying to train the employees about the new models and the new currencies. They want to make sure that everything is under control – (money laundering, e-banking, Qi-Cards, Visa cards)...We all know they have the lower denominations and they have trained everybody to do that. Again there is a lot of pressure on the CBI to pull the trigger.
4-10-2015 Newshound Guru Kaperoni Article quote: "Tomorrow press Baghdad: parliamentary Finance Committee, revealed Friday that it was seeking to restructure the Rafidain and Rasheed Bank and transferred to the private sector to improve and develop them." I believe this is huge for us. If they are going to make these private banks and sell stock on the ISX we are getting close to the restructuring of the dinar as well.
4-10-2015 Intel Guru Jester HEARD EARLIER IN THE WEEK LOOK TO THE 15TH... WAITING OF VERIFICATION AND ALL THAT...I LIKE TO HEAR IT LINING UP FROM SEVERAL GOOD SOURCES...SO I AM GETTING THAT DATE FROM A FEW PLACES NOW...SO WE HAVE APPARENTLY RELOADED FROM MARCH 31ST TO THE 15TH... WE WILL SEE...
4-10-2015 Newshound/Intel Guru Bluedog [Does anyone know who Mary Woolford is? Her name comes up when I try to unlock the spreadsheet! Very Interesting.] Mary Woolford... "BECAME AN INTERNATIONAL ADVISER SPECIALIZING IN THE AREA OF BANKING SUPERVISION... NOT ONLY IN IRAQ... BUT IN OTHER COUNTRIES OF THE WORLD" THIS LADY HAS WORKED HARD FOR IRAQ... SHE HAS BEEN THERE FOR A LONG TIME [5 years] AND SHE HAS BEEN WORKING THE FIGURES FOR IRAQ AND YOU...SHE IMO HAS BEEN WORKING WITH SHABIBI AND THE CBI. IMO, YOU ARE ABOUT TO REAP WHAT SHE HAS ACCOMPLISHED WITH THEIR COUNTRY.
4-10-2014 Intel/Newshound Guru Poppy3 [Has anyone heard that the Dong and Dinar will RV at the same time?] THE MINISTER OF FINANCE IN V N STATED BEFORE THEY WOULD NOT RV WITH THE DINAR AND WOULD BE 14 TO 18 MONTHS BETWEEN THEM. HOWEVER V N HAS BEEN LISTED ACCORDING TO WALL STREET JOURNAL AS THE 5TH FASTEST GROWING ECONOMY IN THE WORLD SO THEY MAY WIND UP GOING FIRST.
4-10-2015 Newshound Guru sczin11 AS FAR AS THE LAWS...MR [MONETARY REFORM] DOESNT NEED LAWS...NEEDS ADMINISTRATION, ORGANIZATION, AND MAYBE COMPUTER/BANKING MACHINE UPGRADES AND TRAINING- DONE, DONE AND DONE! LAWS CAN COME AFTER OR ANYTIME OR SIMULTANEOUS...AND...THE CBI DOESNT NEED PARLIAMENT TO BRING ON THE NEW IRAQI DINAR... THE CBI MEETING WITH THE FINANCE COMMITTEE, AS REPORTED...ABOUT MANY MANY ISSUES, WE KNOW HAVE BEEN WORKED ON FOR A LONG TIME...TELLS ME THEY ARE AT THE END OF THE LINE...THE COMPLETION OF THE IRAQI MONETARY REFORM PLAN...OR THEY WOULDNT BE TALKING OUT LOUD, AT ALL!
4-10-2015 Intel Guru Delta One thing that keeps coming up on Iraqi TV is that some of the money transfer companies with offices in Baghdad...are not sending dinars from city to city. For example, you have people in Baghdad who have relatives in Kurdistan. When they try to send money to their relatives...the money transfer companies are protecting the dinars and NOT sending the dinar, but sending [US] dollars. The money transfer companies are acting as if they know something is going to happen... 4-9-2015 Newshound/Intel Guru BGG when you look at the last few weeks in context - it is my humble assessment - the Parliament (both the Economic and Finance Committees) is keeping the heat on Alak [CBI]...and for me this is very good news...in fact, the GOI and Iraq needs exactly what you and I do.
4-9-2015 Intel/Newshound Guru Backdoc IMO THE HEART OF ACTIVATION OF THE PRIVATE SECTOR WILL BEGIN HERE FIRST BEFORE THEY SHOW US THE RATE MECHANISM WHETHER ITS A FREE FLOAT OR A MANAGED FLOAT. RETURNING TO ITS PREVIOUS GLORY DOESN'T SOUND LIKE A GRADUAL PROCESS BUT TIME WILL REVEAL THE TRUTH...
4-9-2015 Newshound Guru sczin11 HOW DOES THE PHYSICAL NOTE COUNT, HELP IN ANY WAY SHAPE OR FORM, INCREASE OR DECREASE THE VALUE OF THE DINAR, OR THE "STRENGTH" OF THE DINAR. TO ME, THE TOTAL VALUE OF THE CURRENCY OUT IN CIRCULATION, IS THE FACTOR! PRINTING MORE MONEY IS BAD, CAUSE WE ARE ADDING MORE $$$$ VALUES OUT IN THE MARKET...AGAIN, IT IS EXACTLY AS I AM STATING AS THE REASON FOR MY OPINION - IT IS NOT ABOUT THE PHYSICAL NOTE COUNTS, IE HOW MANY PHYSICAL NOTES OUT THERE, IT IS ABOUT HOW MUCH VALUE IS OUT THERE..AGAIN IMHO. [post 2 of 2]
4-9-2015 Newshound Guru sczin11 Article quote: "Parliamentary Finance Committee revealed on Thursday that the Central Bank is likely to issue a large coins in order to minimize the number..." THIS THEORY SEEMS TO SUPPORT WHAT SOME HAVE BEEN SAYING, THAT IS, THE CBI WANTS TO REDUCE THE AMOUNT OF PHYSICAL NOTES IN CIRCULATION, WHICH WILL THEN IN TURN STABILIZE/INCREASE THE VALUE OF THE DINAR... BY ISSUING LARGER "COINS"/ NOTES, THEY CAN GET SMALLER NOTES OUT OF CIRCULATION./.... IE; 5 / 10K NOTES OFF, AND 2 25K NOTES INSTEAD...THUS REDUCING NOTE COUNT BY 3. IMHO, I DO NOT UNDERSTAND THE ECONOMICS/ACTUARIAL/STATISTICALLY SPEAKING/LOGIC OF THIS THEORY. [post 1 of 2....stay tuned]
4-9-2015 Intel Guru Delta I’d like to ask you some questions...which you already know the answer to: #1 – WHY (until now) did they not activate the PRIVATE SECTOR and the MARKET ECONOMY? #2 – WHY did they NOT issue the Qi-Cards (with the Visa/MasterCard)? 400,000 retirees are waiting for those cards that they could use anywhere. #3 – WHY has the budget not been completely distributed? ...there is only ONE answer. They need to increase the value of their currency by changing the rate! Everyone is waiting for it! Everyone knows the rate is going to be close to a dollar and that is what everybody is expecting. We are definitely very close... There is an urgency! They need this to happen as soon as possible!
4-9-2015 Intel Guru Frank26 Things are moving very fast now! Things are much farther than you think. The monetary reform and SECURITY is moving very fast. iTeam and our ground team found the broadcast. [reference Guru Delta's post 4-9-15] ...the reporter...they are repeating it every day ...they repeat what Delta said. We said Shabibi was still there. iTeam is protecting Dr. Shabibi. Finally yesterday we see confirmations of Shabibi – as Governor of the CBI. Teams don’t see 85 cents. They see $1.17 and up. Again...no one knows the date/rate.
4-9-2015 Intel Guru Delta The reporter said it was EXPECTED to increase in value. Everybody there including the government is EXPECTING an increase value but no one knows the exact date. Abadi doesn’t know the date. It’s classified. Probably the only ones who know would be the board of directors of the CBI. No one can pull the trigger except the Central Bank of Iraq...a lot of pressure on the CBI from all angles. So they said within 2 weeks. So we are going to wait and see what happens...the announcement could come by the end of the month. We looked back in history and Iraq’s monetary policy where changes typically occurred at the middle of the month. [post 2 of 2]
4-9-2015 Intel Guru Delta Basically every day in Iraq they have a FINANCIAL NEWS [segment] that is broadcast at 5pm Iraqi time. That segment is “LIVE” for about 12 hours, and...you’ve all seen the article...the Financial Committee and Abadi are meeting with the CBI. The reporter was saying that he had an interview with the Financial Committee but before he did that he did an introduction. The way that he [the reporter] said it was...it was EXPECTED for the Iraqi Dinar value to reach pretty close to a dollar within two weeks. This is a legitimate TV station -- sponsored by funds allocated from the budget. For a reporter on Iraqi TV to say that is incredible. We have a team who is watching that TV news channel all the time. [post 1 of 2....stay tuned]
4-9-2015 Intel/Newshound Guru tman23 I will share some news...NOT in the news or in INK... Kirkut is officially referred to as a subsidiary of Kurdistan... Abadi has informed the Governor of Kirkut as such and is exactly how Baghdad will treat it... Now the displaced in Kurdistan have been rushing to get Qi Cards over the past few weeks as they were promised "grant money"... That has been POSTPONED during the Abadi/Barzani meeting... A Trade Bank representative said that there is "change" coming 5/2 that will benefit citizens of the card of displaced... This is all FACT!! ...it does not mean RV or RV before that... It simply means a date of significance... Anything applied is pure speculation...but I assure you they have something to be planned to change on 5/2 regarding the displaced and Kurd region etc...
4-9-2015 Newshound Guru Kaperoni Article quote: "the project to delete the zeros is based was put into practice, and we gave the green light to start with," Another good article...that shows we are in the process...and what we are seeing in the media now...the talk about the auctions/remittances, market rate, and smuggling is part of that process that precedes the event!
4-9-2015 Newshound Guru sczin11 DR SHABIBI, HAS BEEN RUMORED IN THE GREEN ZONE, OUTSIDE THE COUNTRY, IN THE CBI OFFICES...SEEN AND READ IT ALL... REGARDLESS OF HIS PHYSICAL LOCATION, HE HAS PLAYED SOME ROLE IN THE MR REFORM PROCESS, AS IT HAS BEEN PLAYING OUT SINCE THE NEW REGIME HAS TAKEN OVER, IMHO.
4-9-2015 Newshound/Intel Guru BGG This article showing Dr Shabibi next to the current Finance Minister in Kuwait is HUGE NEWS (Getty Images is no small potatoes outfit). Him being labeled “the Gov of the CBI” could be taken a couple of ways. First, he was at one time the Gov of the CBI. This could simply be a title of respect. Which I am suspicious of… even so – it is big to see him acting in concert with the financial upper leadership of Iraq. On the other hand, this piece – taken in context with the Alliraqnews...article and Abbadi essentially giving a “veiled declaration” that Allaq would be replaced soon is HUGE NEWS!!! It should be noted this meeting took place in Kuwait…and he attended openly. Even though Dr Shabibi was exonerated – according to my sources he won’t come back to Iraq (for any term of stay) with Maliki still “on the loose”. 4-8-2015 Intel Guru Frank26 You know I talked to [Guru] Delta...and Delta’s team is telling Delta … “let go of the sucker bet sir!” There is no way you’re going to see a 10, 20 to 30 cent rate. God only knows the rate … but we believe it is at least one-to-one or above!
4-8-2015 Newshound Guru My Ladies WE CAN ELEVATE...TO A HIGH LEVEL OF EXPECTATION. ...THEY POSSIBLY DECIDED TO DO AWAY WITH THE DELETION OF ZERO’S AND INSTEAD THEY WILL INTRODUCE THE LOWER DENOMS AND CHANGE THE VALUE AT THE SAME TIME...IRAQ IS AT THE END OF THE PROCESS. I DON’T KNOW BUT IT SEEMS TO US THAT THEY ARE INTRODUCING A NEW CURRENCY (LOWER DENOMS) THE IMF ALLOWS APPLICATION SORT OF FOR THE CURRENCY AND THE BIS TURNS THE CURRENCY ON, OR SETS THE VALUE. NOW AGAIN I WILL SAY WE ARE SPECULATING HERE. WE WERE WONDERING HOW KURDISTAN PASSED INTO LAW THE HCL FUND LAW IF BAGDAD HAS NOT DONE IT YET...SEEMS THE CAT IS OUT OF THE BAG ON THAT ONE TOO. WE ARE SPECULATING THAT HCL HAS BEEN PASSED AND IS BEING HIDDEN ALONG WITH SHABBIBI…LOL… I WILL SAY KEEP YOUR CRASH HELMETS ON AND YOUR SEAT BELTS FASTENED. THIS IS HUGE NEWS ALL AROUND BUT UNTIL WE SEE IT ON THE CBI SITE WE NEED TO STAY GROUNDED.
4-7-2015 Newshound Guru Breitling Guru Roger interviews Breitling cont.: …they were trying to make it cheaper and cheaper to restructure their country and then they finally reached a point where for the last 2 years they have been reducing it and that's from the reports coming out from the CBI where they went from 6 billion notes to 4 billion notes and now their strategy is to get to a billion notes and that's where we are going to gain our value. They basically want to get it to a dollar then they will have a completely different strategy and that will get them to the $3 plus range. [So you've bet on the rebirth of Iraq and the country not just the dinar?] Absolutely. [Post 3 of 3]
4-8-2015 Intel Guru TNT Tony [via Adept1] Some are saying the HCL has not been completed. Kurdistan has just published what they are paying their citizens according to the HCL...Their payments cannot happen without the HCL agreement having happened. [...is there any validity...that the RV will not come to pass because they are waiting for two years for the value of the dinar to increase?] They have people sitting in banks right now who are trained to do this. They are on standby for a rate change today. Abadi saying the Iraqis will have this in a few days, and their television is saying that as well. People are waiting on pins and needles, and it doesn’t make sense that they are waiting for two years. They have no currency in Iraq – they de-dollarized, but people are still using dollars because there are no dinar. In Iraq, they were supposed to get approval at noon today and we don’t know yet if they have that. it’s a great day with great information.
4-8-2015 Newshound Guru Aggiedad77 Article "Iraqi PM Haider al-Abadi to Visit US Next Week" PM Abadi to Washington next week...not this week...unless something has grossly changed...I'm thinking he is due in Washington around the 14th...whenever he shows up I hope he brings his A-Team and his best game to present before whoever he meets with here in the US...and I hope they listen well.
4-7-2015 Newshound Guru Breitling Guru Roger interviews Breitling cont. You had to be brave when I first got into this around 2006 because they were adding MORE notes…they were basically diluting the value of the dinar. You had to believe what the CBI was saying…'one of these days we are going to remove 70% of these notes off the market and we are going to reduce the note count and we are going to get it back up to three dollars.' So for YEARS you HAD to have full on faith because they weren't reducing the note count they were actually adding to the note count… [Post 2 of 3 stay tuned for the rest of the story]
4-8-2015 Newshound Guru Kaperoni Article quote: "Iraq’s Finance Minister Hoshyar Zebari (left) and Iraqi Central Bank’s governor Sinan Al Shabibi attend a meeting of Arab Financial Institutions yesterday in Kuwait City." That is an interesting article...I would guess if the picture is current...he [Shabibi] is simply attending the Arab financial conference as some kind of advisor/or consultant. We know that Ali al-Allaq has the title of CBI gov at this time. I believe the captions should probably read: Iraq’s Finance Minister Hoshyar Zebari...and (former) Iraqi Central Bank’s governor Sinan Al Shabibi attend a meeting of Arab Financial Institutions yesterday in Kuwait City.
4-8-2015 Intel Guru Frank26 The HCL was approved and passed...iTeam told us they witnessed it back in January/February. ...why do you think the citizens are becoming impatient? They know what it’s going to do for them. They will have more purchasing power ...retirement benefits...salaries...a portion of the land that pays them...so many factors to help them...they will finally see money coming! In a couple of weeks...a lot of activity in Iraq!
4-8-2015 Newshound Guru Adam Montana Article quote: "A member of the citizen Bloc Hassan Khalati Wednesday that the general budget entirely dependent on oil imports must be to speed up the enactment of the oil and gas law, which ensures that regulate the relationship between the center and Iraqi Kurdistan." last week I made mention of how the HCL has been suspiciously absent in the news feed... well, not any more! The HCL is back on the table and it's possible that we'll see it addressed in the next Parliament session. ...this looks like the beginning of a finale, but we aren't standing in line at the bank just yet. As promising as this is, it's STILL Iraq we're talking about. We're all on a "wait-and-see" status for the HCL, so let's all...cross our fingers for some major HCL movement tomorrow or any other upcoming day (SOON!).
4-8-2015 Newshound Guru sczin11 IS DR. SINAN AL SHABIBI, IN LINE, PATIENTLY WAITING FOR HIS TURN? ...WE STILL HAVE NO FURTHER CONFIRMATIONS... WE NEED MULTIPLE CONFIRMATIONS...SO FAR ONLY 1 ARTICLE, 1 SOURCE...COULD BE A FABRICATED SOURCE/BLOG.
4-8-2015 Intel Guru Frank26 [via FrostytheSnowman] ...the CBI and GOI meet every day at 5AM to discuss the MR...and TODAY the articles finally tell you Dr. Shabibi is the Governor of the CBI! ...the GOI is currently consulting with several international banks to set up Treasure Bills. (5 Billion worth). That’s all? Huh...well...unless they do something about the 1166 rate [it will be a joke].
4-8-2015 Newshound Guru Kaperoni ...I haven't seen any photographs that support that Shabibi has anything to do with the CBI any longer. last I heard he was acting as a consultant which may be possible but I wouldn't get your hopes up.
4-7-2015 Newshound Guru Breitling Guru Roger interviews Breitling cont.: [Why did you get involved in Iraq and the dinar and where are you're going with it?] When people get into investing it's different from person to person. What did I do? I got out of the US dollar and into the dinar. So the value of the US dollar went down and the value of the dinar went up a percentage…so I've already made 26% just sitting on the dinar. People may have bought at a different time or at a different price…but I've already won so it is NOT a debate of if it's going to happen…it's already happened. Some people may have just got into it and they have not seen an increase yet… [Post 1 of 3 stay tuned for the rest of the story]
4-8-2015 Newshound Guru Millionday Article quote: "Iraq’s Finance Minister Hoshyar Zebari (left) and Iraqi Central Bank’s governor Sinan Al Shabibi attend a meeting of Arab Financial Institutions yesterday in Kuwait City." SHABIBI IS THE GOVERNOR OF CENTRAL BANK OF KUWAIT AS IT APPEARS HERE. Quote: "Iraq plans to raise $1.8bn this year by using Iraq’s Special Drawing Rights at the IMF, which would be different than an emergency loan program." “Iraq is not bankrupt — we have plenty of assets we can use,” he said yesterday. But he also said, “We have a serious cash flow problem,” adding that Iraq’s financial squeeze was “very serious”. SO AS WE SEE THE IRAQI DECISION IS TO USE THE SDR [SPECIAL DRAWING RIGHTS]. [If Iraq is able to get major financial assistance from the IMF programs, would this now allow them to hold off the revaluation of their currency for what they may consider a more appropriate and safer time climate?] NO THIS WOULD ALLOW THEM TO MOVE FORWARD WITH DEVELOPMENT AND THE IMF TO INVEST IN THE DEVELOPMENT. [what does it mean borrow from SDR?] I THINK THAT IT MEANS TO PAIR TO THE SDR. [and pairing to the SDR would mean a rise in value of the dinar?] YES IT WOULD WITH THE CONDITION OF THE US DOLLAR AND THE FLUCTUATION OF THE US DOLLAR.
4-7-2015 Newshound Gurus Chattels, sczin11 & OOTW Article quote: "Iraq’s Finance Minister Hoshyar Zebari (left) and Iraqi Central Bank’s governor Sinan Al Shabibi attend a meeting of Arab Financial Institutions yesterday in Kuwait City." WHAT!? Iraqi Central Bank’s governor Sinan Al Shabibi? FOLKS...STAY GROUNDED, BUT THIS COULD BE THE REAL BREAK SINCE DEC 22, WHEN DR. SINAN AL SHABIBI WAS ACQUITTED BY JUDGE MAHMOOD. I THINK SHABS MAY BE HELPING IRAQ NEGOTIATE WITH THE IMF. sczin11 says: "I HAVE SHARED WITH ALL OF YOU, MY COMMUNITY OF FRIENDS, SINCE DEC 22, 2014, I FELT HE WAS THE KEY TO THE COMPLETION OF THE IRAQI MONETARY REFORM...IT IS CERTAINLY NOT OVER, BUT CERTAINLY SOMETHING TO SMILE ABOUT!!"
4-7-2015 Newshound Guru sczin11 THE RAISING OF THE VALUE OF THE DINAR, IS A LONGER TERM BENEFIT FOR THE CITIZENS, AS THE GOODS THEY WILL PURCHASE IN COUNTRY, SHOULD COME DOWN IN PRICE, DUE TO THE IMPROVED PURCHASING POWER BY THE IMPORTERS...FOR THE GOVERNMENT, FOREIGN INVESTORS COMING IN, SPENDING THEIR BILLIONS ON THE INFRASTRUCTURE AND TOURISM ETC...AND THE TARIFFS AND TAXES AS A RESULT, THAT WILL BRING BIG BUCKS INTO IRAQ, BUT NOT SO FAST...HENCE, THE REASON THEY HAVE BEEN LOOKING FOR, AND GETTING, SHORT TERM LOANS/CREDIT/REPRIEVES... 1, 3, AND 5 YR BONDS - 1 YEAR POSTPONEMENT TO KUWAIT, ETC. [post 2 of 2]
4-7-2015 Newshound Guru sczin11 WHAT YOU MUST REALIZE, RAISING THE VALUE OF THE IRAQI DINAR, AGAINST OTHER CURRENCIES, ON THE EXCHANGE MARKET, DOES NOT...SOLVE IMMEDIATE LIQUIDITY PROBLEMS... THE IMMEDIATE GRATIFICATION ON THE "RV" PROCESS IS FOR THOSE OUT THERE, LIKE US, WHO WILL EXCHANGE DINAR FOR US DOLLAR. THE IRAQI PEOPLE DO NOT HAVE THAT PRIVILEGE NOR DOES THE IRAQI GOVERNMENT... A VERY BIG MISUNDERSTANDING OF THE PROCESS...BY MANY...THE IMMEDIATE EFFECT, JUST THE OPPOSITE FOR THE IRAQI GOVERNMENT, IT WILL COST THEM, AS THEY HAVE TO BUY OUR CURRENCY BACK... CASH OUT OF THEIR POCKET... AFTER IT GOES INT'L, NORMAL TRADING, BUYING AND SELLING, BID/ASK PRICES COME INTO PLAY. [post 1 of 2....stay tuned]
4-7-2015 Intel Guru Frank26 Iraq needs 7 BILLION DOLLARS per month just to function as a government. That’s 7 TRILLION DINARS! You can do the math. They need to raise the value of their currency. The next 2 weeks are going to be crucial for Iraq. CBI cannot give the GOI a date...so they tell them “get off my back.” We’re doing it. What else needs to “GET IN LINE?” BONDS also need to get in line. Bonds will kiss their “futures” goodbye if they don’t see VALUE soon EVERYTHING is waiting in line.
4-7-2015 Newshound Guru Shredd this project to remove the zeros is a huge one, both in process and meaning. In my opinion, the FC [Finance Committee] is at the "go, no-go" point of the project. They are ready but need to know activating this project will not cause problems perhaps unforeseen...security is a concern, inflation, counterfeiting not sure but I suspect some are scared to make this change the dollar has kept them afloat...they need to make the change, thats for sure, they just gotta agree on timing, the CBI is pushing for it...I imagine it's like that last moment before you get married.... you are looking in the mirror taking a last look, deep breath then go!
4-7-2015 Newshound/Intel Guru BGG [Does anyone have a take on the RV timing and Abadi's scheduled meeting with Obama in the US on the 14th?] there are a number of factors behind Abadi's visit to the US. Were we to fully grasp the depth of that influence we might just have a peek at a potential time frame. [So no RV April 30th?] that is an interesting date. The 50's [notes] won't be valid anymore.
4-7-2015 Intel Guru EXOGEN HOW LONG HAVE WE BEEN POSTING THE KURDS ARE NOT HAPPY AND THERE IS NO LIVE IMPLEMENTED, ACTIVATED AND EXECUTED HCL AGREEMENT IN PLACE. WHAT SENSE WOULD IT MAKE TO REVALUE A CURRENCY PRIOR TO THE 15TH WHICH IS THE PROJECTED DATE THAT ENDS THE 50 DINAR IQD NOTES. THE 50 NOTES BECOME WALLPAPER OFFICIALLY ON THAT DATE BASED ON PROJECTED DATES. IT MAKES NO LOGICAL SENSE TO RAISE ANY CURRENCY VALUES PRIOR TO THAT DATE THE 15TH.
4-7-2015 Newshound Guru Breitling Guru Roger interviews Breitling cont. : …They are going to reduce the note count by 70% and they are going to retire the notes at different stages. This is proof [removing the 50 dinar note] that they are not going to remove all notes at once and is proof that they are reducing the note count…they used it as a strategy to reduce the note count. So they're reducing the note count and reducing the US dollar count in the Iraq market. [Part 3 of 3]
4-7-2015 Intel Guru Frank26 Abadi is under extreme pressure because he is in charge of the 2015 budget which controls everything. The patience on behalf of the citizens is growing very thin. They are waiting for the new value of their currency. ...if you look back at the histories of countries currency revaluations...they almost occur in the middle of the month. Always. This whole process must be done correctly. Controlled correctly. All nations are EXPECTING for the value to change. We believe that this past Saturday and Sunday ...many laws were voted on. We believe that these had to do with the monetary reform. These laws could be the last ones that are needed. We believe an article may surface soon about that. ...they got the green light on March the 3rd and now it’s a glowing green light. [post 2 of 2]
4-7-2015 Intel Guru Frank26 Abadi is being pressured...a good type of pressure...and that is a wonderful thing. Abadi and Ali (GOICBI)...are still meeting and talking about how to increase the value of the IQD. Everyone in Iraq knows that they’re meeting and everyone knows what’s happening in Iraq. [Guru] Delta’s brother-in-law called...EXCITED...and said...“Delta on TV they are showing some important information that you might want to know about. There is a reporter who went to the CBI and asks “WHEN” is all of this going to happen?" The answer came from the CBI directly to the reporter that they are working on it and in a couple of weeks our goal is to get the IQD equal one-to-one with the USD. “THERE IS AN EXPECTATION WITHIN THE NEXT 2 WEEKS TO BE ONE-TO-ONE ON PAR WITH THE USD.” Is this “insider information?” No. Currently the IQD is not “International” – there is no “insider information” – because this is a speculative investment. If the IQD was on the ISX as International – then yes...then there might be a problem. [post 1 of 2....stay tuned]
4-7-2015 Newshound Guru Breitling Guru Roger interviews Breitling: [People would think, Oh no, the 50 is going away. that must mean for sure that they are not revaluing the currency or the currency is not going to go up anytime soon…what is your response to that?] If they were going to take your and my dinar and they were just going to put a new currency out there then they would have done it in one shot. There's no reason to keep certain notes on the market…They got rid of the old Saddam Currency all in one shot…it was all done in six months. They [Iraq] are talking a 2 or 3 year process and they are going to remove one note at a time as the value is added to the currency. they told everyone what they were going to do... [Post 2 of 3 stay tuned for the rest of the story]
4-7-2015 Newshound Guru Breitling Guru Roger interviews Breitling: [Tell me what's going on with the 50 dinar notes.] It's part of their policy to reduce the note count. This is something we've been watching for a long time. The most amount of notes they had was about 9 billion notes that represented 30 Trillion Dinar…1 note has 25,000 thousand dinar in it…a 25K note. They are reducing the note count...the wealth that's represented by that note get's crunched up into small and smaller amount of notes…that's where the wealth is always going to come from. It always works like this…Right now the US is adding currency to it's economy so the value of the dollar is going down. With Iraq you have to believe they are going to reduce the note count…They decided to get rid of the 50 dinar note and this reduces the note count. [Post 1 of 3 stay tuned for the rest of the story...]
4-7-2015 Intel/Newshound Guru tman23 "Kirkuk’s Deputy Governor, said Rakan Saeed Al-Juburi, Monday…said in an interview for alsumaria news, “the Commerce Ministry has converted $ 40 billion dinars to banks of Kirkuk”, pointing out that the amount “is the financial benefits of conservative farmers who have marketed crops wheat, barley silo Kirkuk.” ...Access to $$$ will be Tuesday...and waiting to see what denoms are used to pay at the window…more so keeping an eye out to see if any of the “new” 25k” notes hit the streets.
4-7-2015 Newshound/Intel Guru BGG "...the Council of Ministers took an important decision to speed up the granting of visas to investors to no more than 72 hours, ..." ...very curious set of events. the big headlines in the ME were - the "fast tracking" of investor Visas... Uh - might I ask - just who are these mystery investors needing immediate access - and why do they need such access...and two - the Kurds are apparently getting /or have gotten paid 455 million in USD. where did they get that money...or are getting that money? 4-6-2015 Newshound Guru Arthur There is absolute ZERO credibility to any unfounded claims that the HCL has been fully implemented. Just in the past 48 hours we see an article stating: "Deputy for the National Adoption of the oil and gas will set the oil policy in the country"...... also stating "must be to speed up the enactment of the oil and gas law", and that "the next HOR sessions will see the inclusion of oil and gas law (HCL) on the agenda for the purpose of reading and discussion by the political blocs." It also stated that there is "a wide interest by the parliamentary blocs to complete the enactment of this law." I can confirm by my contacts that this is now being taken very seriously as all concerned are fully aware that nothing can move substantially forward until this is done and that it is in process to be fully implemented in short order. I can also assure you that the security situation is going according to internal and external planning and, although a very important component to the overall reform package, at this juncture it is not a major impediment to the MR that is currently in process therefore it is certainly no coincidence that the Gov. of the CBI Alaq is accompanying PM Abadi during the historic visit to the Kurdistan region prompting contractors and other Iraqi contacts to now be on high alert for upcoming payments in revalued IQD.
4-6-2015 Intel Guru TerryK TODAY IS MONDAY AND I WAS TOLD BY TUESDAY...TOMORROW IS TO BE A BIG DAY WE SHALL SEE.
4-6-2015 Intel Guru TNT Tony [via Adept1] Everybody, all around the world, was expecting this to go on Sunday. There are bank personnel at work right now, trying to figure out when this didn’t happen. Iraqi television is still saying that stage four will come to an end in the next few days. People we are talking to in Baghdad still have not received their money, but they have relatives in other parts of the country who have received theirs. Baghdad will be last to receive, and then it will be announced. I did get another window of time from Iraq. They are highly upset about this weekend because most thought this was going. Everyone is just waiting. The actual RV has already been done for some weeks; we are just waiting for an announcement.
4-6-2015 Newshound Guru Mnt Goat This week we had the best confirmation ever by Kurdistan and the oil ministry of the full and now undisputed evidence of the implementation of the hydrogen carbon law (HCL). There were many articles on this subject. ...I believe it is only a confirmation and this issue has been settled for some time already. Article quote: "Finance Minister Hoshyar Zebari, on Thursday, that the Iraqi government had sent $ 455 million to the province of Kurdistan." We can now see the proof for ourselves in this article as yet another payment is being made to the Kurdistan region in the sum of $455 million this month. It is becoming now routine...they are making payments on the 17% as agreed! This is wonderful and exciting news. [post 2 of 2]
4-6-2015 Intel Guru Mnt Goat Honestly if I thought it was going to RV any time soon (within the next days or weeks) I would honestly say so but this is just not going to be the case since there is absolutely no sound evidence of this being the case. We still may have a couple months to go. It is still all about SECURITY, SECURITY and more STABILIZATION in Iraq. This is the holdup and the IMF or the BIS are not going to release the currency to the international arena unless these reasons for down grading the currency in the first place no longer exists. ...I hate to tell you but...Tikrit was not in fact secure and ISIS was not gone. Abadi speech on this topic last week was premature and my contacts in the area has told me. As I have said...Iraq needs the following laws prior to any revaluation of their currency...I believe entirely this to be true from the high level sources I am communicating with....they are an integral part needed in the process of regaining the needed SECURITY and STABILITY of Iraq. 1) National Guard Law 2) Amnesty Law 3) Full implementation of the new Iraqi Constitution 4) Full implementation of all reforms formerly agreed upon as part of the reconciliation process. [post 1 of 2....stay tuned]
4-6-2015 Intel Guru Hub i have a small tidbit...and understand this is not from me, but a contact in iraq...he is a contractor... he was informed they are going to be payed at $4.20. [did they say when?] talked like now...but again i dont know.
4-6-2015 Intel Guru Jester WE DID NOT RECEIVE ANY NEWS TODAY FROM THE SANDBOX... BUT YESTERDAY THEY WERE CERTAINLY THINKING THINGS WERE GOING THE RIGHT DIRECTION... WE WILL SEE I SUPPOSE...LET'S HOPE IT IS A BRIGHT NEW DAY WHEN THEY SEE IT...
4-6-2015 Newshound Guru sczin11 Article: "Parliamentary Finance Committee proposes to cancel the auction currency Central Bank" WHAT DO WE SEE HERE...AS SOME TRANSLATIONS HAVE STATED, THEY ARE IN FACT, HOLDING AUCTIONS? THE CBI WEBSITE SHOWS LAST AUCTION FEBRUARY 19, 2015.. CAN NOT FIND AUCTIONS ANYWHERE ELSE BEING DIVULGED...WE WERE TOLD NEW MECHANISMS...WE WERE TOLD REMITTANCES...AND NOW WE SEE, AUCTIONS, AGAIN? 4-5-2015 Intel Guru TNT Tony BANK WEALTH MANAGERS HAD A MEETING ... THEY SHARED SOME INFO AND WERE ADVISED TO BE AWARE OF A CUSTOMER SURGE THIS WEEK...
4-5-2015 Newshound Guru Kaperoni ...clearly we are..."in the process"...and as stated..."this process will be preceded by regulatory and administrative processes and the form in which it will start with a walk," I believe what we are seeing now with the shortage of liquidity, the new currency remittance program, tightening up on smuggling, etc. is the beginning (walk) as said by the CBI. That they are in the process of deleting the zeros..and we will have to just watch as it plays out. It is clearly a plan that takes time...looking forward to the next step.
4-5-2015 Intel Guru Jester AFTER 3-4 WEEKS OF NO CHANGE... YESTERDAY GOT A REPORT THAT THINGS ARE RAMPING UP IN THE NEWS AND THE MOSQUES... AND TODAY GOT THE REPORT THAT THINGS ARE REALLY RAMPING UP AND GETTING RATHER EXPECTANT... THAT THEY ARE EXPECTING THINGS TO HAPPEN THIS WEEKEND...
4-5-2015 Intel/Newshound Guru Poppy3 [if they spent 30% of the budget and they have 75% of the year left; How will they survive?] ...THEY WOULD HAVE 70% LEFT BUT THE FUNDS SET ASIDE COUPLED WITH THEIR GROWTH AND OIL SALES CASH FLOW CAN PUT THEM OVER. HOWEVER FROM CONTACT ON THE GROUND THERE, WHEN THEY WERE BUDGETING FOR THE 2015 BUDGET AND STILL TRYING TO FINISH THE 2014 BUDGET HE WAS TOLD THE BUDGET FOR 2015 WAS BASED ON $1.41 SO THEIR NEW BUDGET WHICH HAD MORE ADDED TO IT TO PAY THE LOAN ON THE 2014 BORROWED TO FINISH IT REQUIRES THEM TO RV HIGHER TO FULLY FUND THIS YEAR. 4-4-2015 Newshound Guru Millionday [I think we are in the last phase...how do you feel about that?] I THINK THAT WITH ALL OF THE OTHER PHASES DONE WE ARE AT THE IMPLEMENTATION PHASE ACCORDING TO...THE REPORTS WE HAVE SEEN...
4-4-2015 Intel/Newshound Guru Poppy3 ...MY CONTACT TOLD ME VERY CLEARLY THE LEADERSHIP HAD A MEETING IN PRIVATE AND I MEAN ABADI, JABORI, BARZANI, CBI ETC ETC MET FROM 8AM TILL AFTER 10PM IN ONE SETTING AND TOTALLY AGREED ON WHAT IS REQUIRED OF ALL OF THEM TO COMPLETE FINANCIAL REFORM. HE SAID THEY NOT ONLY SHOOK ON IT THEY DID THE UNTHINKABLE AND HUGGED ON IT STATING THEY WILL NOT BE DETURED FROM THE COMPLETION BY ANYTHING. THATS WAS 11 WEEKS AGO NOW AND THEN 3 WEEKS AGO HE REPORTED THEY HAD ANNOUNCED TO IRAQ GOI LEADERS THEY HAVE ENTERED THE FINAL PHASE. WHAT IS REQUIRED IS NOT PUBLIC TO YOU AND I... THE TIME FOR FINAL PHASE IS NOT AND WILL NEVER BE KNOWN EITHER. LIKE THE LAST TWO WEEKS ABADI AND THE CBI LEADER SAID A FEW DAYS.
4-4-2015 Newshound/Intel Guru BGG ...we are - we're WAAAY closer than we were when I first looked at this thing. I just make a comment on the context of where we are at...from 2003 to now - HUGE difference. We at least stand a fighting chance...whereas - even under Maliki the odds were way worse than they are now. [But how can the fund the rest of the budget without an RV?] I wouldn't normally make this comment - but IMHO it will be very difficult to do so without added value from somewhere.
4-4-2015 Newshound/Intel Guru Arthur Part of the problem has been that the once solid and consistent leadership in Kurdistan is in a transitional phase which has led to a new level of mistrust between the center and the region and have slowed negotiations, but with the assistance of several entities there has been some substantial headway made of late leading to the payment of $455 million and quieting the dissenting voices in the region. There has also been a settlement in the sticky issue of the $300 million lawsuit Baghdad filed against the Greek shipping company the Kurds used to deliver oil which Baghdad deemed as illegal back in September of last year. All this has happened in the past few days and I am now getting that we could be just days away from the HCL agreement finally being read in to law. This is the reason Iraqiya News is now confidently predicting that we are within days of finally seeing a reality rate for the Iraqi dinar. [post 2 of 2]
4-4-2015 Newshound/Intel Guru Arthur There has been a lot of progress in recent days in several areas both political and security. The final part of the security phase is now being completed with the final liberation of Mosul and other occupied areas and the political leash being put on Iran. Any notions that security concerns will hold up anything till June are totally unfounded as it will not take nearly that long to finish up these operations. Which leaves what we are and have been waiting on all along and that is the finality to our long awaited equation GOI + HCL = RV. The final negotiations for this historic Law has everything to do with everything, the budget, reconciliation, amnesty, etc. As I said before nothing will move substantially forward until the HCL is finally and permanently implemented. Which is the reason for this update. Due to sheer time and liquidity constraints both internal and external, there have been several breakthroughs over the past few days. [post 1 of 2....stay tuned]
4-4-2015 Newshound Guru Adam Montana ...for all you newbies here - a "major change in the rate of the Dinar" is what we're waiting on. It's the so-called "RV" or "RI" that everyone talks about. Don't expect Iraq to call it an "RV". Most likely, they will simply announce something like this: "CBI announces change in exchange to equal 1 dinar equal to 10 cents USD". I don't foresee any fanfare or press releases. The CBI won't have time to enjoy the party that people will want to throw for them, accept awards, or anything else. My expectation is that they will be excruciatingly silent about their reasons, future intentions, and everything else related. They will simply issue directives to banks, manage an explosion of activity with their auctions, and tell the world "This is now how it is. We do not need to answer questions." And the world will just have to accept it.
4-4-2015 Newshound Guru Millionday PER THE IMF -- THERE ARE FOUR PHASES AND WE ARE AT THE LAST ACCORDING TO REPORTS AND ARE TO THE END WHICH IS --- IMPLEMENTATION. SO -- (FOUR PHASES) --- POLICIES FINANCIAL LEGISLATION EITHER IN PLACE OR UNDER WAY (DONE) --- NEXT ---SETTING UP POLICIES TO DO WITH REFORMS (DONE)-- NEXT --- A DETAILED COUNTRY BUDGET (DONE) -- NEXT -- PRODUCTION OF THE NEW CURRENCY (DONE) AND THE NEXT AND FINAL ---IMPLEMENTATION --- WHOOOPOW.
4-4-2015 Intel/Newshound Guru Poppy3 i think we are on the very verge of a new exchange rate and not 1166...way beyond. I DID HEAR FROM A WASHINGTON CONTACT, THEY THERE ARE TRUELY EXPECTING A RATE OF $1.13 BUT I TOLD HIM THAT DOESNT SOLVE ANY OF THEIR PROBLEMS. THEY NEED $3.00 PLUS TO FILL THE BUDGET MUCH LESS PAY ALL THEIR OBLIGATIONS PROMISED DURING THIS YEARS BUDGET INCLUDING DRAWING IN INTERNATIONAL INVESTORS. JUST CAN'T HAPPEN THAT LOW.
4-4-2015 Intel Guru EXOGEN THERE WILL PROBABLY NEVER BE AN ARTICLE OR POST ABOUT A GCR OR RV PUBLISHED BY ANY NEWS OR FINANCIAL ENTITY GLOBALLY. RV IS NOT EVEN A BANKING TERM AND NEITHER IS GCR. YOU HAVE TO PUT THE PUZZLE PIECES TOGETHER FROM A GLOBAL PERSPECTIVE AS EVENTS ARE RELATED DIRECTLY AND INDIRECTLY.
4-3-2015 Newshound Guru Administrator Bob [Reminder]...the Central Bank of Iraq will demonetize (cancel) the value of the 50 dinar note....CBI deadline...April 30th, 2015. After that time, the banknote will be considered void and will no longer be legal tender or have any purchasing power.
4-3-2015 Intel Guru EXOGEN IF KURDISTAN WAS HAPPY THERE WOULD BE A 100% LIVE, ACTIVATED, IMPLEMENTED AND EXECUTED HCL AND AS OF TODAY THAT IS NOT IN PLACE YET...IT IS AGREED UPON BUT NOT ACTIVATED, IMPLEMENTED, AND EXECUTED.
4-3-2015 Intel Guru TNT Tony [via Sunny] I think all the information is great. Still telling people it's sometime this weekend for their currency to change value. Our guy calls from Iraq and says every government agency is on high alert this weekend. I am telling you exactly what I'm being told...any min...2 hours...2 days...anytime...the entire system is connected...banks finalized their plans, rates are there. Waiting for the magic moment to announce it to the public. Abadhi says he will do that this weekend. Other countries have paid people. We know the system works. Everyone thinks something should happen over the weekend. No reason, I know of for it not to happen. Could be next couple of hours.
4-3-2015 Newshound Guru tlm724 Article quote: "Kurdistan Parliament approves oil and gas law and the fund is a private body has Arbil / long-Presse Kurdistan region's parliament approved on Wednesday a draft oil and gas revenue fund for the Kurdistan region code..." they seem to have compromised and we should see great progress on the Iraq's HCL now.
4-3-2015 Newshound Guru Breitling Article "The month of next April will see the stability dollar against the dinar return to the normal price due to the series of steps carried out…" What's that mean? They are manipulating the market and that's a good thing! What they are trying to do is control the amount of US dollars that are in Iraq so it has a controlled competitive effect against the dinar…that's exactly what they're doing. They are moving forward.
4-3-2015 Newshound Guru Shredd Article: "Kurdistan Parliament approves oil and gas law and the fund is a private body..." Quote: "the law provides for the allocation of two dollars for every barrel of the realms and districts oil producers," pointing out that "the meeting decided to set up a special fund Authority revenue, comprising six people, will be the ratification of the appointment by the Parliament of Kurdistan ." Very nice. Getting closer to this being a reality and checked off the list! [See the Dinar Guru Resource List on the left to see the "possible to do list"]
4-3-2015 Newshound Guru Chattels Article quote: "House Speaker Salim al-Jubouri on Wednesday decided to cancel all vacations for members of the House of Representatives until the end of the current legislative term 1 / next May." if the foregoing means May 1, 2015 then we have almost 30 days of a working Parliament without leave or vacation.
4-3-2015 Intel Guru Jester BOEHNER IS STILL IN THE MIDDLE EAST... WHAT THE HECK ARE THEY DOING HANGING OUT THERE ALL WEEK DO YOU THINK? WORKING ON GETTING THINGS FINALIZED MAYBE? I LIKE THE FACT THAT EVERYONE IS LINED UP... THREE DAY WEEKEND ON THE WAY... AND ON A FRIDAY THIS TIME... THE SAME DAY THE OTHER GUYS ARE USUALLY OFF TOO...
4-3-2015 Intel/Newshound Guru tman23 I just question the chance of any rate change during the exchange and elimination of the 50 IQD note... [...which ends April 30th right?] That is my understanding.
4-3-2015 Intel/Newshound Guru Poppy3 [WHATS THE WORD ON THE STREET?] WORD ARE SAME AS LAST WEEK...THEY ARE IN THE LAST PHASE AND WILL NOT STOP TILL COMPLETION. PLUS WE HAVE HAD ABADI AND CBI STATE THEY WILL COMPLETE IN THE NEXT FEW DAYS. I KNOW WE DON'T KNOW THEIR DEFINITION OF FEW DAYS BUT FROM THEIR HISTORY I SUSPECT IT WOULD BE 30 DAYS OR LESS AT ANYTIME. THEY WILL TALK OF THINGS NEEDING TO BE DONE BUT THEY WILL NOT STOP PROGRESS. THEY WILL NOT GIVE HINTS OF IT HAPPENING...THEY WILL LEAD US TO THINK IT'S A LONG WAY OFF THEN DROP IT ON US WHEN WE LEAST EXPECT. REMEMBER HISTORY...CHINA AND KUWAIT BOTH SAID THEY WOULD NOT RAISE RATES FOR MONTHS THEN RV'ED AT 3PM THE SAME AFTERNOON THEY SAID THEY WOULD NOT RV. I EXPECT SIMILAR THING HERE WITH IRAQ.
4-3-2015 Intel Guru TerryK ITS ABOUT TO KNOCK THE DOOR DOWN. I WOULD NOT BE AT ALL SURPRISED TO SEE THIS SUNDAY. 4-2-2015 Intel Guru Delta FROM IRAQIA TV FINANCIAL NEWS…REPORTER SAID: IT'S EXPECTED FOR THE IQD VALUE TO BE CLOSE TO A DOLLAR WITHIN 2 WEEKS!!! AND THAT WAS BASED ON THE INFORMATION TOLD BY THE CBI TO THE FINANCIAL COMMITTEE AT THE PARLIAMENT!!!
4-2-2015 Newshound Guru Millionday PER THE IMF --THE THIRD STAGE IS THE PRODUCTION OF THE CURRENCY THAT HAS BEEN INCLUSIVE OF THE NEW DESIGN AND THE SECURITY STRIP. THERE ARE FOUR PHASES AND WE ARE AT THE LAST ACCORDING TO REPORTS AND ARE TO THE END WHICH IS ---- IMPLEMENTATION. THIS IS...VERY, VERY ENCOURAGING...WHOOOPOW. ...OBVIOUSLY THE IMPLEMENTATION WOULD BE THE ISSUANCE OF THE CURRENCY...
4-2-2015 Newshound Guru Adam Montana [Does the RV HAVE to happen ONLY during a Sunday night into Monday morning due to the FOREX markets being closed during that time?] Of course not. The CBI is not obligated to do anything on any day, ever, for any reason whatsoever.
4-2-2015 Newshound Guru Breitling They are not going to turn the dinar into electronic money…it's not that kind of economy. They are still trying to piece this country together. There are not ATMs on every corner. 30% of the Iraqi economy is based off of the US dollar but the IQD is based on the USD anyway …they are after the US dollar so they can put it in their foreign currency reserve and back their notes up that much more…the 50 dinar note being taken off is a HUGE chunk. It's a big deal. You should be very very happy.
4-2-2015 Newshound Guru Millionday [Some reports say that Iran talks have to conclude before RV - any truth to that?] I HAVE AN OPINION -- I DONT SEE HOW THE TALKS WITH IRAN WILL STOP THE TRANSITION OF IRAQ`S MARKET.
4-2-2015 Intel/Newshound Guru Poppy3 LETS HOPE ALL THESE DIGNITARIES FROM THE US, CHINA, UNITED NATIONS, WORLD BANK REPS, ETC ETC. DON'T SLOW THEM DOWN AND ABADI MEETS THE DEADLINE OF TOMORROW NIGHT AT MIDNIGHT AND GET THESE PEOPLE PAID AS PROMISED LAST MONTH.
4-2-2015 Newshound Guru Millionday [Does anyone know if the United nations operational rates are posted first or the Central banks, Because the UN operational rates are always posted on the first day of any given month?] THE MOST ACCEPTABLE TIMING FOR A CURRENCY MARKET CHANGE FALLS GLOBALLY ON THE 1ST AND THE 15TH OF EVERY MONTH. THE TWO DIFFERENT TIMES ARE THE BEST TIMES MARKET WISE -- EVEN THOUGH SOMETIMES THEY MAY NOT LIST CHANGES MADE YET -- MATHMATICALLY -- ECONOMICALLY ETC THE MARKET DICTATES THAT THE 1ST AND THE 15TH ARE THE BEST AND THE LESS NEGATIVELY IMPACTED BY CURRENCY CHANGES.
4-2-2015 Intel/Newshound Guru tman23 Salim Al-jubouri, Wednesday, to cancel all leave the House until the end of the current legislative term, beginning May 1...CANCEL ALL! They are going to committee to work on laws... Mustafa visited Baghdad for a meeting...(Gorran Party Head for Kurd region)... Barzani (KDP) and Talibani (PUK) both agreed that it is time for the Kurds to begin the move towards independence from Baghdad. Truth be told... THE KURDS ARE NOT HAPPY! There are foreign investors in Iraq that are ready to BOLT from the Kurd region...Investors on the sideline in Kurdistan are not happy...they have $$$ tied up that they cannot get out of the country right now and progress has been at a stand still for too long. The "coming days" verse by Baghdad does not work in the business world...especially when your company has shareholders that you have a fiduciary duty to uphold. This is a very interesting move by Jabouri... We can speculate that the RV may be on the table for release right now...or there is serious political differences between The Kurds and Baghdad...And I from what I'm told...Kurds will go to June and then shift sails...$$$$ solves a lot of problems.
4-2-2015 Newshound Guru Aggiedad77 Article: "Parliamentary Finance: taxation to raise the dollar's exchange rate against the dinar" ...this Finance Committee member has now come forward with probably 4-5 reasons why the USD continues to rise against the IQD...it is called supply and demand...There is less available on the street these days so the price has to go up if the demand is there...but he continues to point to all sorts of things...today claiming it is the taxation process that the government is implementing that is the cause...He does say it will now stabilize and not go any higher...wonder what he basis that on...
4-2-2015 Newshound Guru Millionday Article quote: "Parliamentary Finance Committee, announced Wednesday, all hosted by Finance Minister Hoshyar Zebari, and the Governor of the Central Bank on the Keywords to discuss important financial issues concerning the country." PARLIAMENT HAS HOSTED GOVERNOR OF CBI (NO NAME AGAIN). HERE IS THE BEST PART AND THE BEST GOAL WE COULD SEE IN OUR POSITION IMO. Quote: "The goal of hosting is to discuss the issue of the Iraqi currency and strength in the global market, as well as discuss the current financial crisis in Iraq." SO THEY ARE HOSTING TO DISCUSS THE ISSUING OF THE CURRENCY AND ALSO THE STRENGTH IN THE >>>GLOBAL MARKET<<<WHOOOPOW!
4-2-2015 Intel/Newshound Guru Poppy3 [Heard Sec of Treasury and J. Beahnor are over there...Confirmed? Wonder what they are doing there?] ALSO BAN KI MOON FROM UNITED NATIONS IS REPORTED THERE AND A GROUP FROM THE UST...WORLD BANK. THEY ARN'T THERE TO EAT SHRIMP AND DRINK? TIME WILL TELL VERY SOON.
4-2-2015 Newshound Guru Adam Montana [How confident should we be that all currency (pre- and post- August 2014) will be honored in an RV?] I am very confident that all currently honored notes will be honored for however long they say they will honor them. At this time, only the 50 dinar notes are being pulled, and they were very clear about the timeframe and exchange policy.
4-2-2015 Intel Guru TNT Tony [via Adept1] Yes, some people in Iraq have been paid, from the top down, and one day it will be turned on for the masses...When they get to the masses, we will also get paid. The PM himself is going from province to province, telling them when this is going to happen ...the system connecting all the banks was hooked up, and that was needed for the masses to go. We still haven’t gone, and it could be another few days, but all the final pieces have been put into place...The banks are ready, the rates have been set, the currency has been passed out in Iraq, they have announced many times that they will do this within a couple of days on their television; the banks over here have connected their system...Everybody is ready to do this, and they have a new window that is being broadcast over there.
4-2-2015 Intel Guru ScottiG ...keep your eyes on the court systems. We may see some interesting things happen over the next few days. Cannot go into details…but not blowing smoke. Could be very positive for us...court system in Iraq. Seen enough smoke over there, maybe see some traction soon…Rate of $3.84. Don't know why we haven't seen it…I think we are in good shape…I think we are extremely close…The CBI is in control of the release of this…know that the Central Bank is very eager to get this thing going… Put all the pieces together and you have a picture. Who pulls trigger? Cannot say…More than one entity involved. Iran is 2d largest holder of dinar (IQD). I think what they may be holding onto is they want all these sanctions lifted…Iran wants all these sanctions lifted from USA and other countries I got a gut feeling they (Iran) are putting pressure on the CBI not to do anything until they get what they want. Don't know if someone is stopping someone else from doing it, or someone standing in the middle of the road - don't know. May see some activity in next few days. 4-1-2015 *** Dinar Guru News Flash *** CNN is reporting the Iraqi Army along with their allies have taken back Tikrit and the Iraq flag is flying over the city...If they are able to hold the city it would be a very big victory for the new army...stay tuned as the gurus chime in on what impact this holds for the Iraqi security, economy and the dinar...The latest guru updates will continue below...
4-1-2015 Newshound Guru Millionday Article quote: "Parliamentary finance committee, said that the Governor of the Central Bank of Iraq, told her that the exchange rate of the Iraqi dinar against the dollar will return to normal in the coming weeks." THE FIXED RATE OF 1166 WILL BE RETURNED IN THE COMING WEEKS -- OR WHATEVER RATE THEY PLAN ON -- SMILE. YEARS AGO SALEH USED TO REFER TO THE ECONOMIC REALITY AS A RETURN TO "NORMAL" -- SO INTERESTING INDEED
4-1-2015 Newshound Guru Adam Montana [If the HCL was to pass tomorrow that does not mean that the RV would follow shortly after that. You have always said that the CBI will pull the trigger on the RV when they think it is the right time to do so. So it could be right after or a week after or a year for then correct?] ...when the HCL is announced, that will be when the CBI is ready and I don't see the RV being delayed beyond that.
4-1-20-14 Newshound Guru sczin11 FOLKS, THE CHANGE IN THE VALUE OF THE IRAQI DINAR, MUST BE A SIGNIFICANT INCREASE, OR THEY WOULD NOT HAVE GONE THROUGH THE STEPS THEY HAVE, THUS FAR…AND WE ONLY REALLY KNOW, THAT WHICH THEY HAVE CHOSEN TO SHARE! WE ARE IN A GREAT PLACE…WE ARE IN A GREAT INVESTMENT …AND MOST IMPORTANT, THE IRAQI CITIZENS, WILL FINALLY BE PUT IN A POSITION, OF TRUE ECONOMIC PROSPERITY…PEACE, HEALTH, AND MOST OF ALL, PROSPERITY TO THE CITIZENS OF IRAQ, AND TO US! [post 4 of 4]
4-1-20-14 Newshound Guru sczin11 WE DO NOT NEED TO...GO OVER ALL THE CHANGES THEY HAVE MADE THUS FAR, BUT THE PHRASE MANY ARE HARPING ON, IS ENOUGH TO JUSTIFY MY PREVIOUS STATEMENT…THEY HAVE BEEN GIVEN THE GREEN LIGHT! NOW, PUT THESE PUZZLE PIECES TOGETHER, WHAT I STATED AT THE TOP OF THIS PIECE ABOUT THE RATE OF EXCHANGE, AND THE TELEGRAPHING, WITH WHAT I HAVE STATED JUST ABOVE, WITH THE CHANGES, AND STEPS THEY HAVE TAKEN, AND WHAT DO YOU GET? A CHANGE IN THE EXCHANGE RATE OF THE IRAQI DINAR, IN THE POSITIVE DIRECTION, HIGHER VALUE AGAINST THE USD… REMEMBER, WHEN THE RATE GOES FROM 1270 TO 1166, THAT IS A RAISE IN VALUE…A HIGHER VALUE IF YOU WILL…AND WHY MAKE ALL THE CHANGES THEY HAVE, OVER LAST MONTHS AND YEARS, MOST SIGNIFICANTLY, DURING THE NEW ABADI REGIME, ONLY TO WATCH DINAR GO FROM 1166 TO 1270 AND BACK TO 1166? [post 3 of 4....stay tuned]
4-1-20-14 Newshound Guru sczin11 NEXT, DO ANY OF YOU REALLY BELIEVE THERE ARE NO INTELLIGENT, GENIUSES IN IRAQ IN ALL FIELD OF BUSINESS, INDUSTRY? DO NOT KID YOUR SELF…EACH AND EVERY “I” GETS DOTTED, AND EVERY “T” GETS CROSSED…WHY DO YOU THINK EACH NEW LAW AND AMENDMENT GETS READ 3 TIMES...BEFORE A VOTE...MOST WITH COMMITTEES FORMED TO REVIEW BEFORE THE VOTE, AS WELL…DO YOU BELIEVE, THAT THESE ARCHITECTS DIDN’T KNOW WHAT WOULD HAPPEN WITH THE DINAR PAIRINGS, EXCHANGE RATES, VALUES, AS THEY WENT THROUGH THE STEPS, TO INITIATE MONETARY FORM, AND BEGIN THE ENTRY OF THE NEW IRAQI DINAR, INTO THE INTERNATIONAL, GLOBAL, OPEN MARKET ECONOMY, AND COMPLETE THE MONETARY REFORM PROJECT? [post 2 of 4....stay tuned]
4-1-2015 Newshound Guru sczin11 THE CBI WILL BRING THE EXCHANGE RATE OF THE DINAR/DOLLAR BACK TO THE IMPOSED ARTIFICIAL RATE OF 1166/1 USD...THIS CAN BE GREAT NEWS. WHY YOU ASK? FIRST OF ALL, THIS NEWS HAS BEEN COMING OUT FOR OVER A WEEK NOW…THE FIRST ARTICLES SAID IN A FEW DAYS…THE NEXT RELEASES SAID IN A FEW WEEKS…THEN TODAY SAID NEXT MONTH, IMPLYING APRIL…DO ANY OF YOU REALLY BELIEVE, THAT ANY OF THE FEW PEOPLE IN GOVERNMENT WHO KNOW THE DATE/TRIGGER, WOULD TELEGRAPH WHEN THAT WAS? IT IS CALLED, IN OUR WORLD INSIDER TRADING…IT WOULD POSSIBLY BE A BREACH OF NATIONAL SECURITY…IT WOULD ANNOUNCE TO ALL SMUGGLERS, COUNTERFEITERS, AND OTHER CRIMINALS HOW MUCH TIME IS LEF. [post 1 of 4....stay tuned]
4-1-2015 Intel Guru DC [via Adept1] Not much has changed; we are sitting here right on the edge. In the USA and the rest of the world, the banks have reloaded the system several times in the last few days. They have done test exchanges over the last few days as well. Banks in other countries are doing so as well, mainly with test exchanges... Shabibi has done what he was supposed to do, and it’s now a matter of coordination and timing with the IMF and BIS. Banks have been sent notifications from IMF and BIS, then there was some paperwork to do, which they have completed. They then have to choose the best time...Iraq is coordinating with BIS+IMF and this should go in 4-5 days. That’s what they are briefing all over the world.
4-1-2015 Intel/Newshound Guru tman23 The CBI made an announcement giving THE GREEN LIGHT to lift the 3 zeros...Green light means GO!! Shabibi when in office said it was a 3 stage process with each stage taking approximately 6 months...Now you can speculate what stage the CBI is in. They issued orders to pull the 50 notes out of the market and will no longer honor them at the end of April. IT IS WORK IN PROGRESS. They have begun monetary reform! These are FACTS! And huge news has been the G20 with new system and codes for international settlements.
4-1-2015 Intel Guru Mnt Goat Honestly if I thought it was going to RV any time soon (within the next days or weeks) I would honestly say so but this is just not going to be the case. So Relax! We still may have a couple months. Fighting ISIS...I know for a fact that Turik, as stated in yesterday’s news from Iraq, is NOT yet free of ISIS. I have talked to many of my contacts in that region yesterday and they are all saying the fighting continues. About these RV “timeframes” we keep getting news of - Iraq council of ministers has weekly meetings and the CBI is invited. They ask the CBI to come up with 2 windows of possible timeframes to RV, if they had to. One is the first choice and the second is backup window. They do this every week and I mean every week since last October 2014. We may say this RV is in the joint hands of the CBI and the Iraq GOI but does this mean the USA still does not hold the POWER to make the final decision? Yes they do!
4-1-2015 Intel Guru Jester ...WHAT WAS BOEHNER DOING IN IRAQ... WHAT WAS MCCONNEL DOING IN IRAQ.... WHAT WAS LEW DOING IN CHINA... THE GAME IS AFOOT... I AM TOLD THINGS WILL GET INTERESTING IN THE NEXT COUPLE DAYS... I AM LOOKING FORWARD TO IT...I HAVE NOT HAD THIS MUCH INFORMATION LINING UP IN A LONG TIME... AND IF MY SOURCES ARE CORRECT... WE WILL NOT BE WAITING MUCH LONGER...I AM PRETTY EXCITED MYSELF.
4-1-2015 Newshound Guru Adam Montana It's my strong opinion that the HCL is done... in fact, just last week it was announced that there are no objections between the Kurds and Baghdad on it. They are also on the same page about boundaries. Ban Ki Moon reports that he's happy with the situation between Erbil and Baghdad. So if there are no objections, what else is there? I believe it's as simple as sorting out a few small items, such as: 1. Amending the banking laws to support CBI's actions for the increase. This has been going on for the last month, and is nearing a finish. Parliament is checking off major items in a very methodical manner. I like it. 2. Defining where the money will go when it's found. This is no different than forming a new company... you have to determine ownership in the shares etc. Again, they are making very timely progress on these things. So with the HCL all but rubber-stamped and announced in the Gazette, and Parliament still moving forward in a peaceful and cooperative fashion, I only have one thing left to say on it. Stay patient, my friends. We all wanted this to pop a decade ago, but when there's no need to panic... well, there's no need to panic! We're still in the "Go Zone", and it's just a matter of time before we're launched. [post 2 of 2]
4-1-2015 Newshound Guru Adam Montana So, what's the hold up on the change in rate?! Let's start with the stability of the rate. This is one of the key factors to the CBI actually having the ability to raise it in the first place. Throughout the last dozen years, the CBI has proven beyond a doubt that they are capable of supporting whatever rate they set. Their track record is impeccable, and when they decide to raise the value of the Iraqi Dinar, there is not one power on earth that will successfully challenge their right and ability to do so. Next we have the stability of the country that owns the currency. With the recently changed leadership in Iraq, we have witnessed an amazing spurt of progress. Under Abadi's leadership, Iraq was sprinting forward at a pace we had not seen in over 10 years! And then, suddenly...silence. It's been my opinion over the last couple months that the HCL is the numero uno factor in raising the rate. We haven't heard much on the HCL in the past month or so, and interestingly (or accordingly) we also haven't heard much about the "0's" or an increase in the "strength"of the dinar. Coincidence? I think not. [post 1 of 2....stay tuned]
4-1-2015 Newshound Guru Kaperoni ...reality is, there is no delay, other than the same process of events we are waiting on...which is the development of the economy and banking system to the point where they can begin to raise the value of the dinar. ...people forget a portion of the country has a terrorist organization stealing every nickel and dime they can to survive...that includes the banking system, the citizens, and destroying anything including infrastructure that seems to impede that greed. We all want this done...like yesterday...but the point is...they are not there yet plain and simple. ...Iraq has some work to do...and once they get those laws passed we will be in a better position for the event to start.
4-1-2015 Newshound Guru Millionday Article quote: "Managed security forces and the popular crowd, on Monday, editor of the government complex downtown Tikrit, and raising the Iraqi flag over it, as well as the liberalization of three other areas in the city occupied by "Daash" IRAQ HAS RAISED THE IRAQI FLAG IN TIKRIT AND THREE OTHER CITIES... Quote: "When he said Abadi, Secretary-General of the United Nations Ban Ki-moon, who is currently visiting Baghdad, near the announcement of final victory in Tikrit, followed by Anbar and Mosul." SO MOON AND ABADI ARE VERY CLOSE AS OF WHEN THIS REPORT CAME OUT TO ALSO BE ABLE TO ANNOUNCE THE FINAL VICTORY FOR TIKRIT AND FOLLOWED BY ANBAR AND MOSUL --- HUGE SUCCESS. THAT IS GREAT NEWS AND SUCH A BOOST FOR MORAL AND ALSO CONFIDENCE FOR THE INVESTORS IN THEIR SAFETY.
Read more: http://www.dinarguru.com/#ixzz3XCFWEaid
4-12-2015 Newshound Guru Kaperoni I will try to explain a few things as clear as I can...Iraq has no intention of releasing any larger denominations. There is no 50,000 or 100,000 or any intent to make them...it does them no good. You must view this investment with the vision that Iraq wants to engage and open a market economy with the world. It has been said over and over they need to reduce the physical notes from 4 billion to 1 billion. They need to remove the zeros for many reasons including accounting purposes, they need to create a monetary system on par with the world, etc. etc. This information is stated in numerous articles and documents... And in doing so...adding any denominations with "zeros" does not acheive these goals. In fact it does not help in one instance. Therefore, we know factually that Iraq will not go backwards. It is not in their interest. [post 1 of 2....stay tuned]
4-12-2015 Newshound Guru Millionday Article quote: "A statement by the bank on Saturday, said that "the Bank of Iraq intends to smart card adoption in the mechanism of the distribution of salaries of employees in departments and all state institutions, rather than the manual method of criticism." "this method reduces the importance of the monetary circulation and keep the money in the form that allows for circulation at any time and any place." ANYTIME AND ANYPLACE -- THAT MEANS THAT THIS CARD CAN BE USED GLOBALLY. [any date on the use of the smart card?] NO DATE YET. IN FACT IF WE THINK ABOUT IT THEY ARE HOLDING DATES ON ALL THAT IS TO BE DONE -- THAT LEADS ME TO THINK THAT THE DATES ARE ALL AT THE SAME TIME DUE TO THE REFORMS AND OF COURSE THE MARKET NEWS IT WOULD RELEASE. ONE DATE ON SOME THINGS WOULD LET US KNOW SO SO MUCH. [I DON'T THINK THERE WILL BE A DATE ANNOUNCED, IT WILL JUST HAPPEN IMO.] RIGHT AS SHABIBI STATED IT WILL JUST BE THERE.
4-12-2015 Intel Guru Frank26 Article: "US Embassy: Abadi will meet with a broad spectrum of US officials" IMO...He [Abadi] is here...Has been here ...Yet media will tell You he arrived today ...Will be in WH on Tuesday and return home on Thursday.
4-12-2015 Newshound Guru tlm724 Article: "The formation of a finance committee to issue fifty-categories and one hundred thousand dinars a prelude to delete the zeros" Quote: "the combined committee is studying all aspects of the safe and compared with other currencies began to release." "The work on the issuance of these two categories booting to remove zeros from the Iraqi currency in the future,..." I believe they will begin to issue the lower denoms in the very near future. I believe they are at the end stages of the reform...as always we have to wait this out as [Guru] Bondlady encourages caution when it comes to Iraq, we have seen several times where we knew they wanted to move forward and didn't BUT times and circumstances are different now!
4-12-2015 Newshound Guru sczin11 HE [MALIKI] MAY BE SOMEWHAT "UNDER CONTROL", BUT HE IS NOT OUT OF THERE BY ANY MEANS...YET. IS DR. SINAN AL SHABIBI, WAITING IN THE BACKGROUND, AND IF HE IS, DOES MALIKI'S PRESENCE IN GOVT, IN IRAQ IN GENERAL ON THE LOOSE, DELAY THE RETURN OF THE DOCTOR? THE ONLY QUESTION I WISH COULD BE ANSWERED, DOES HIS PRESENCE IMPEDE THE COMPLETION OF THE IRAQI MONETARY REFORM?
4-12-2015 Newshound Guru Millionday Article quote: "Jabbar al-Abadi told all of Iraq [where] that "oil and gas from the important laws law but had previously introduced in the previous legislative session of the parliament did not get agreement on the approval," adding that "in the current session of the House of Representatives, there will be a political consensus to pass the Act by the political blocs." THEY ARE IN AGREEMENT ON THE HCL AND IN SESSION SO THERE ARE TWO ANSWERS WE HAVE BEEN LOOKING FOR. Quote: "...the Commission has not yet with the Presidency decided to read it, adding that the laws that can read Committee, are exempt foreign contractors and secondary, fees contractors on the geographic area within the oil rounds..." WHAT WE ARE MISSING ARE THE FOREIGN CONTRACTORS AND FEES. THEY ARE WORKING ON THIS AND ARE IN AGREEMENT...NOTICE THE OIL MINISTER STATES THIS IS THE HOLD UP FOR IRAQ...THIS IS FINALLY COMING TO AN END.
4-12-2015 Intel Guru Frank26 Last week [GURU] DELTA'S TEAM finds out a reporter interviewed The CBI Governor and told the Citizens on National TV the MR [Monetary Reform] is lifting the 000's in two weeks...An Expectation of it! Today this economist learns the same thing that THE MR PROCESS...Is almost over with. It is Not the Start of it ...It is The End of it.
4-12-2015 Intel/Newshound Guru Backdoc I LOVE THIS CALL TO ACTIVATE THE HUNDREDS OF LAWS IN WAITING, INCLUDING THE REMAINING PARTS OF THE HCL! EVERYTHING IS WAITING TO ACTIVATE JUST LIKE THEY TOLD US WEEKS AGO, IN "ONE BASKET"! WITH DIGITAL DINAR BEGINNING TO FIND ITS WAY OUT OF THE BUDGET AND INTO ITS' PROPER HANDS, THE SMALLS READY TO ROLL, DAMAGED CURRENCY BEING COLLECTED AND DIGITALLY DEPOSITED, ITS CLEAR TO SEE THE FINAL PREPARATIONS ARE BEING MADE INSIDE THE CBI FOR A LAUNCH POINT! WHAT A NICE SPOT TO BE IN...
4-12-2015 Newshound Guru Mailman17 IS SHABS IN OR OUT? WHO CARES. IF HE WAS IN HE WOULD HAVE BEEN REINSTATED. HE MAY BE A CONSULTANT. ANYTHING THIS BIG WOULD BE IN THE NEWS...NOT RUMORS. AND THERE WILL BE NO FLOAT FROM 1166 AND INCREASE THE VALUE AS NOTES ARE TAKEN AWAY. THAT IS THE STUPIDEST THEORY I HAVE EVER HEARD. TALK ABOUT CREATING SPECULATION, WHICH IRAQ DOES NOT WANT. THEY WILL COME OUT ON PAR AS PLANNED, STAY STABLE AND LET THE PEOPLE GET ADJUSTED AND THEN GO TO A MANAGED FLOAT...AS PLANNED...JMO. [post 3 of 3]
4-12-2015 Newshound Guru Mailman17 AS PER SHABS THESE NOTES ALONG WITH THE LARGER WILL COINCIDE WITH THE NEW NOTES FOR A BRIEF PERIOD, MOST LIKELY 2 YEARS. THERE IS NO NEW 50 DINAR NOTE IN CIRCULATION...CHECK THE CBI. IF IT WAS BEING USED TO REPLACE THE OLD IT WOULD BE LISTED AS A USABLE CURRENCY...IT IS NOT. IN THE END WE KNEW THE BS WOULD BE HEAVY. BE CAREFUL WHAT YOU READ AND DO YOUR OWN THINKING. IRAQ WAS MEANT TO SUCCEED AND THE WORLD WILL RIDE ITS COAT-TAIL. THAT HAS AND ALWAYS WAS THE PLAN FROM DAY ONE. NOTE COUNT? I CAN SEE IT...BUT ONLY NOTE COUNT INSIDE IRAQ...NOT OUTSIDE. WE HAVE AND ALWAYS WERE ACCOUNTED FOR. PLEASE BEWARE OF BOGUS ARTICLES, ESPECIALLY THOSE PUT OUT BY SOMEONE WHO ABSOLUTELY HAS NO SAY SO...MPS ETC. [post 2 of 3....stay tuned]
4-12-2015 Newshound Guru Mailman17 I HAVE STAYED SILENT FOR QUITE AWHILE NOW WAITING FOR THE CBI TO SHOW ME THE PROOF I NEED TO EITHER ACCEPT OR DENY THE SUPPOSED CxxP ARTICLES CONCERNING THE REMOVAL OF THE 50 DINAR NOTE AND ALSO THE NEWER NOTES OF 50 AND A HUNDRED THOUSAND. LOOK AT THE FACTS FOLKS. WE HAVE SEEN ARTICLES SAYING THE 50 NOTE WILL BE RETIRED AND A NEW 50 WILL REPLACE IT AND THE PEOPLE OF IRAQ HAVE TILL THE 30TH OF APRIL. WE ALREADY KNOW THEY HAVE NEAR ZERO DINAR INSIDE IRAQ, WHETHER IN THE PEOPLES HANDS OR BANKS FOR THAT MATTER LET ALONE THE KURDS BEING PAID IN USD. HAS ANYONE SEEN A PICTURE OF A NEW 50 DINAR NOTE? NO YOU HAVE NOT BECAUSE ITS RELEASE WILL COINCIDE WITH ALL THE OTHER SMALLS INTENDED. THEY HAVE PUT OUT A BxxxCxxP ARTICLE TO SCARE THE PEOPLE TO TURN IN THEIR LOWER DENOMS... INCLUDING THE FIFTY AND MOST LIKELY THE 250 AND 500. THE SECURITY FEATURES ON THESE 3 NOTES ARE THE SAME...PERIOD. THE 50 HAS NOTHING LESS THAN THE 250 OR THE 500. [post 1 of 3....stay tuned]
4-12-2015 Newshound Guru Kaperoni "Najib added that "the project to delete the zeros from the currency will not apply because the economic environment is favorable for the success of this project, despite being one of the objectives of the Central Bank." Najib is saying we are not deleting the zeros from the currency... because the economic conditions are favorable..in other words they are raising the value and not going to LOP.
4-12-2015 Newshound Guru Millionday [is there a chance that they will say "turn in your 25k note for a 100 iraqi coin with a stronger buying power"... similar to the way they did with the 50 note?] IN COUNTRY THAT COULD HAPPEN BUT IN OTHER COUNTRIES YOU WOULD EXCHANGE FOR THE CURRENCY YOU NEED IN THAT COUNTRY. [so basically the 50 dinar delete the zeros that started March 3rd got official in regards to the green light?] THEY SEEM TO BE ALWAYS LATE IN REPORTS SO HOW FAR THEY ARE...WE HAVE NO WAY OF KNOWING... [post 2 of 2]
4-12-2015 Newshound Guru Millionday FIRST LET ME SAY...THE RATE IS AT 1166 TO I US DOLLAR -- SO ANY USE OF SMALL DENOMS WOULD MAKE NO SENSE...THE USE OF 50 AND 100 HAS TO IMPACT THE PRICE INDEX OF IRAQ... Article quote: "the central bank governor and the problem is studying the matter and study the safe aspects and compared with other currencies in preparation for the start of release," pointing out that "there is a procedure to remove three zeroes as..." SO THE BEGINNING OF THE REMOVAL OF THE THREE ZEROS IS TO BEGIN --- AS IN GREEN LIGHT...THIS IS ANNOUNCED TO BE THE BEGINNING... [is this just in country...] THE INTERNATIONAL RATES ARE A RESULT OF REDENOMINATION IN IRAQ -- AS IT WOULD BE FOR OUR COUNTRY -- IT IS A RESULT THAT WE WANT TO SEE NOW. VERY EXCITING TO SEE THE BEGINNING OF THE PROCESS. IT GIVES NO TIME JUST THAT THEY ARE FORMING AN ECONOMIC COMMITTEE TO BEGIN. [post 1 of 2....stay tuned]
4-12-2015 Intel/Newshound Guru American Contractor The State banks Rafidain and Rasheed will be distributing the hard currency to other banking facilities and currency exchange centers. The new procedure is going to be the workaround for the CBI restriction of the $75 million dollars. Instead of the Central Bank conducting the auctions it will allow other banking facilities and currency exchange centers to distribute the US dollar at a pre-arranged rate. The CBI is trying its best to control the value of the Iraqi dinar and increase the value. Limiting the US dollars in the market have had a negative impact on the value of the Iraqi dinar. The Central Bank is increasing the amount of banks and currency exchange centers inside Iraq. I would look for additional printing of higher value banknotes like the 50k and 100k in the future. [post 2 of 2]
4-12-2015 Intel/Newshound Guru American Contractor The Central Bank of Iraq (CBI) realizes that they have a major problem with the exchange rate of the Iraqi Dinar. The CBI has filed a lawsuit against the Parliament Economic Committee to lift the currency auctions restrictions of only $75 million per auction day. There has been no published date scheduled for the hearing in the Iraqi court system. Meanwhile, the Central Bank has limited the dollar currency auctions to two times per month, trying to limit the US dollars in circulation. The current market rate for one US Dollar is 1340 Iraqi dinar. The market rate for the Iraqi Dinar has not been this high in several years. The Central Bank will be increasing the number of exchange companies inside Iraq and will be utilizing both state banks to assist in distributing the hard currency US dollars to Iraqi citizens. [post 1 of 2....stay tuned]
4-11-2015 Newshound Guru FrostyTheSnowman [new guru] Humm ...could history repeat itself (minus Saddam) and cater to an INSTANT level of understanding for the Iraqi people? What I mean is...could the CBI release coins / / shapes / sizes that Iraqi people are/were already familiar with ...except this time with more "VALUE?" After all...if the CBI releases ANY coin that DOES NOT have MORE purchasing power or VALUE than what the coin is worth melted down ...well then the citizens will just melt them down again like they did before. So IMO if they don't have more INSTANT VALUE and possibly INSTANT RECOGNITION...WHAT'S THE POINT?
4-11-2015 Newshound Guru Aggiedad77 [Since April 30 is the date, does that mean we are waiting for the ri/rv till May or later and not this mid month (April) as some had thought possible (mid month being when other revaluations took place)?] No IMO...I believe the stated windows for April remains valid...and yet another opinion...we remain in a day to day time frame...things in Iraq are happening much more quickly than we have ever seen...not sure about PM Abadi's upcoming trip...and how it will play on things...but watchful as ever.
4-11-2015 Newshound Guru Breitling [I heard you say the CBI will be retiring the notes in stages…I have different note categories 25K, 10K, 500 for most of them I have no receipt and no certificate…can I exchange them if I don't have receipt or certificate?] Absolutely you can! There is no law that says you can't…This is a countries currency. The dinar IS international….I bought mine from Chase Bank. The biggest misconceptions is that you need a receipt to exchange your currency. NO YOU DO NOT.
4-11-2015 Intel Guru DC [via Already Blessed] MORE CONFIRMATIONS THAT WE ARE IN A GREAT PLACE.
4-11-2015 Intel/Newshound Guru Backdoc Article quote: "MP from the Parliamentary Finance Committee, said Haitham al-Jubouri, the committee proposed the issuance of large cash categories to control inflation and to preserve the value of the dinar against the dollar, as he emphasized that the central bank is now working to develop a thorough study on the introduction of new categories." GET READY FOR A FLOOD OF LOWER DENOMS! AND IT LOOKS LIKE THE DIGITAL DINAR IS STARTING TO FLOW OUT TO THOSE SALARIES. THE NICE THING IS THE RATE ON THOSE CARDS WILL CHANGE INSTANTLY WHEN THE RATE CHANGES! THEY NEED TO DE-DOLLARIZE WHEN THOSE LOWER DENOMS FLOOD THE MARKET! WHAT WILL MOTIVATE THEM TO GIVE UP THOSE DOLLARS? A CURRENCY WITH VALUE HIGHER THAN A BUCK!! REMEMBER? DONOR CURRENCY!! IF WE SEE A FREE FLOAT IT WILL SOAR LIKE AN EAGLE!
4-11-2015 Newshound Guru Kaperoni the appreciation will be gradual...that is the only way they collect those notes and retire them [But still a float?] absolutely...that is what will happen...as the value raises, the notes are retired and new smaller notes with that additional purchasing power come out...in the end, Iraq has a 1, 5, 10, 20, 50, 100 equal to the dollar. [is 1166 the start rate or do you think it will go international at different rate?] it will start there but it wont stay long. they could never afford a RV not even at a .10. it has to be gradual or the money supply in the trillions would bankrupt them. if iraq creates the right environment, laws, stability, etc. the dinar is undervalued and should rise fast! forget about $3 never happening...the goal is 1 to $1. I believe it will happen over a 1-2 years...we may see .10 by end of year...if were lucky and .50 by end of 2016. [post 3 of 3]
4-11-2015 Newshound Guru Kaperoni now part 2 of that sentence...they want to use large banknotes to reduce the number...that is also confusing...they are not going to use large banknotes and there is a new campaign starting talking about 50,000 dinar or 100,000 dinar...not happening! How do I know this? because introducing larger notes does not reduce the note count either...in fact it creates more! so what does Allaq mean? he means they will use notes with higher value to reduce the note count...in other words...lower denominations with a higher exchange rate...that is the only way to reduce the note count. in fact I can also prove this...back in 2012 the CBI told the Currency book that they were going to release a 50,000 dinar note (but marked at a 50)... So the CBI is going to raise the value, introduce new lower denominations with "higher value" and that will allow them to reduce the paper notes from 4 billion to 1 billion. ...I have direct information from an economist in Iraq supporting this. [post 2 of 3....stay tuned]
4-11-2015 Newshound Guru Kaperoni ...earlier this week...an article...mentioned the CBI met with the Parliamentary Finance Committee. Quote: "In turn, justified the Governor of the Central Bank, according to the statement in response to queries from members of the committee not to implement the project to delete the zeros because it Aigll of paper the size of likely benefit to export more to reduce the number of categories in advance..." it is huge news...it is a quote direct from Ali al-Allaq's mouth...Ali al-Allaq is the CBI gov...it does not get any better. here is the correct translation..."From his side the governor of the central bank explained to the members of the monetary committee why the central bank is not implementing the deletion of zeros right now because it does not lessen the quantity of banknotes preferring the larger banknotes to reduce the number!" ...it is just great news! ...we know they want to reduce the physical note count from 4 billion to 1 billion and Allaq says he is not doing the deletion of zeros because that does not reduce the count. Only a lop reduces the value, but not the count...so he is saying clearly...we are not going to LOP...because that does not reduce the note count. that is rock solid proof that the dinar will not LOP because it is direct from Allaq's lips. [post 1 of 3....stay tuned]
4-11-2015 Intel/Newshound Guru tman23 Abadi's schedule says he will be in the US 4/14...Tuesday (4/14) is the day the CoM meets...So evidently there are no pressing items on the agenda. The biggest unanswered question is...Who will be the traveling companions of Abadi to the US? And as soon as Abadi returns to Iraq will we be seeing the Kurd delegation heading to Baghdad? (like flash gordon IMO)...To receive prepayment on oil means collateral required. Prepay for oil! Not on your WORD and SECURITY capabilities, which I might add have past history showing to be subpar (putting it lightly)! IMO this visit to the USA is the "closing" with all signatures required. The protection of "PTB" interests in Iraq giving rights to protect those assets...IMO...The chicken or the egg? Iraq asset protection before Iran agreement.
4-11-2015 Newshound/Intel Guru BGG I will pass along some info I got...from a legit translator... It may well be that Alak was not talking about "larger notes" in front of the Finance Committee. it is possible (and I leave room for possible) he was saying "larger valued notes"... in other words... the 1, 5, 10 and raising the exchange rate in conjunction with this action... - which would effect the "paper" - or note count... [LARGER AND LARGER VALUED ARE TWO VERY DIFFERENT MEANINGS.] going the other direction - in his own words "would not reduce the paper" - or note count... So - very good news and falls right in line with the reasoning for them taking the 50 Dinar note out of circulation. I can easily see why they did it now... a 50 doesn't conflict with a 500 - that is absurd... but to an Iraqi - the 50 and the 5 are trouble. plus - if they are going to wind up "equal to the dollar" - they don't really need a 50. [ARE YOU SUGGESTING THE VALUE WILL BE EQUAL TO THE DOLLAR?] I am not - according to various reports - they have suggested as much.
4-11-2015 Newshound Guru Millionday THE INPUT FROM OIL PRODUCING WILL HAVE MORE IMPACT IT SEEMS. THERE ARE SOME CHANGES COMING WITH OIL AGREEMENTS AND THIS MAY BE WHY SO MUCH TIME IS BEING TAKEN WITH AGREEMENTS IN IRAQ OTHER THAN FINANCIAL AS WELL. THIS WILL BE A HISTORIC CHANGE... I DONT EXPECT NOR SHOULD YOU THAT OPEC IS GONE ETC -- BUT SOME CHANGES SEEM TO BE COMING. 4-10-2015 Intel Guru TNT Tony Information from all directions are super-positive... On the television, they are saying that ‘phase four’ is to be concluded in the next couple of days. We heard the cards are all being adjusted to the new rates... and banks authorized to exchange starting at a certain time today ...tells us we are closer than ever.
4-10-2015 Intel Guru DC [via Adept1] There are so many things going on Iraqi television; some are saying “economic reform is completed in the next few day” and some “in the next DAY”, and that Iraq will be the wealthiest country in the region. “The economic reform will conclude in a major economic rebirith for Iraq in the next come days” meaning three days or less. My understanding is that Abadi and Shabibi are coming to the US for the 13 - 14th, or maybe even later next week. The banks are prepped and ready to go, they have been trained and...Every person is either in place or on call... Bottom line is that we expect this to happen before the 15th.
4-10-2015 Newshound Guru Breitling …Iraq is NOT exchanging their notes for US dollars or "cashing in"…it's an exchange. There's a value on the dinar and there is a value on the US dollar and they just do an exchange and that's it. It's that simple. There's still a lot of people thinking where is Iraq going to get all this money to cash in? We don't need Iraq to have dollars to be able to "cash in". It's an exchange. People don't understand that concept. It's value per value. [Post 2 of 2]
4-10-2015 Intel Guru Mnt Goat So where do we now stand on the revaluation?
In my opinion if they could revalued the entire countries currency all at once they would have done so already and be done with it. But do to ISIS held control of some of the regions this was not possible...So now what is the plan going forward? Will they find a way to offset the increase in USD against the IQD? The news is telling us they have a solution and it will be implemented prior to the end of April. So my interpretation is this – we can expect to see the resuming of the project to delete the zeroes prior to or at the end of April. This is all I can say and we must wait and see what happens between now and then. They will most definitely tell us in the upcoming news what they plan to do.
4-10-2015 Newshound Guru Breitling There are two ways Iraq can do this… they can retire all their notes at one shot…them getting rid of the 50 dinar notes instead of all the other notes is an indicator of what they're thinking…they are going to get rid of one note at a time and retire them as they start gaining value…there is no reason to have the 50 dinar note at this point so they got rid of it to reduce the note count...[Post 1 of 2 Stay tuned for the rest of the story]
4-10-2015 Intel Guru Delta We saw the amazing article from the governor of the CBI who said “we got the green-light” and most people thought in 3-4 days we would see something but nothing happened. So we re-read the article...the governor of the CBI told us exactly what they needed to do before they could pull the trigger. Prior to that...they said they had something to do. They are trying to train the employees about the new models and the new currencies. They want to make sure that everything is under control – (money laundering, e-banking, Qi-Cards, Visa cards)...We all know they have the lower denominations and they have trained everybody to do that. Again there is a lot of pressure on the CBI to pull the trigger.
4-10-2015 Newshound Guru Kaperoni Article quote: "Tomorrow press Baghdad: parliamentary Finance Committee, revealed Friday that it was seeking to restructure the Rafidain and Rasheed Bank and transferred to the private sector to improve and develop them." I believe this is huge for us. If they are going to make these private banks and sell stock on the ISX we are getting close to the restructuring of the dinar as well.
4-10-2015 Intel Guru Jester HEARD EARLIER IN THE WEEK LOOK TO THE 15TH... WAITING OF VERIFICATION AND ALL THAT...I LIKE TO HEAR IT LINING UP FROM SEVERAL GOOD SOURCES...SO I AM GETTING THAT DATE FROM A FEW PLACES NOW...SO WE HAVE APPARENTLY RELOADED FROM MARCH 31ST TO THE 15TH... WE WILL SEE...
4-10-2015 Newshound/Intel Guru Bluedog [Does anyone know who Mary Woolford is? Her name comes up when I try to unlock the spreadsheet! Very Interesting.] Mary Woolford... "BECAME AN INTERNATIONAL ADVISER SPECIALIZING IN THE AREA OF BANKING SUPERVISION... NOT ONLY IN IRAQ... BUT IN OTHER COUNTRIES OF THE WORLD" THIS LADY HAS WORKED HARD FOR IRAQ... SHE HAS BEEN THERE FOR A LONG TIME [5 years] AND SHE HAS BEEN WORKING THE FIGURES FOR IRAQ AND YOU...SHE IMO HAS BEEN WORKING WITH SHABIBI AND THE CBI. IMO, YOU ARE ABOUT TO REAP WHAT SHE HAS ACCOMPLISHED WITH THEIR COUNTRY.
4-10-2014 Intel/Newshound Guru Poppy3 [Has anyone heard that the Dong and Dinar will RV at the same time?] THE MINISTER OF FINANCE IN V N STATED BEFORE THEY WOULD NOT RV WITH THE DINAR AND WOULD BE 14 TO 18 MONTHS BETWEEN THEM. HOWEVER V N HAS BEEN LISTED ACCORDING TO WALL STREET JOURNAL AS THE 5TH FASTEST GROWING ECONOMY IN THE WORLD SO THEY MAY WIND UP GOING FIRST.
4-10-2015 Newshound Guru sczin11 AS FAR AS THE LAWS...MR [MONETARY REFORM] DOESNT NEED LAWS...NEEDS ADMINISTRATION, ORGANIZATION, AND MAYBE COMPUTER/BANKING MACHINE UPGRADES AND TRAINING- DONE, DONE AND DONE! LAWS CAN COME AFTER OR ANYTIME OR SIMULTANEOUS...AND...THE CBI DOESNT NEED PARLIAMENT TO BRING ON THE NEW IRAQI DINAR... THE CBI MEETING WITH THE FINANCE COMMITTEE, AS REPORTED...ABOUT MANY MANY ISSUES, WE KNOW HAVE BEEN WORKED ON FOR A LONG TIME...TELLS ME THEY ARE AT THE END OF THE LINE...THE COMPLETION OF THE IRAQI MONETARY REFORM PLAN...OR THEY WOULDNT BE TALKING OUT LOUD, AT ALL!
4-10-2015 Intel Guru Delta One thing that keeps coming up on Iraqi TV is that some of the money transfer companies with offices in Baghdad...are not sending dinars from city to city. For example, you have people in Baghdad who have relatives in Kurdistan. When they try to send money to their relatives...the money transfer companies are protecting the dinars and NOT sending the dinar, but sending [US] dollars. The money transfer companies are acting as if they know something is going to happen... 4-9-2015 Newshound/Intel Guru BGG when you look at the last few weeks in context - it is my humble assessment - the Parliament (both the Economic and Finance Committees) is keeping the heat on Alak [CBI]...and for me this is very good news...in fact, the GOI and Iraq needs exactly what you and I do.
4-9-2015 Intel/Newshound Guru Backdoc IMO THE HEART OF ACTIVATION OF THE PRIVATE SECTOR WILL BEGIN HERE FIRST BEFORE THEY SHOW US THE RATE MECHANISM WHETHER ITS A FREE FLOAT OR A MANAGED FLOAT. RETURNING TO ITS PREVIOUS GLORY DOESN'T SOUND LIKE A GRADUAL PROCESS BUT TIME WILL REVEAL THE TRUTH...
4-9-2015 Newshound Guru sczin11 HOW DOES THE PHYSICAL NOTE COUNT, HELP IN ANY WAY SHAPE OR FORM, INCREASE OR DECREASE THE VALUE OF THE DINAR, OR THE "STRENGTH" OF THE DINAR. TO ME, THE TOTAL VALUE OF THE CURRENCY OUT IN CIRCULATION, IS THE FACTOR! PRINTING MORE MONEY IS BAD, CAUSE WE ARE ADDING MORE $$$$ VALUES OUT IN THE MARKET...AGAIN, IT IS EXACTLY AS I AM STATING AS THE REASON FOR MY OPINION - IT IS NOT ABOUT THE PHYSICAL NOTE COUNTS, IE HOW MANY PHYSICAL NOTES OUT THERE, IT IS ABOUT HOW MUCH VALUE IS OUT THERE..AGAIN IMHO. [post 2 of 2]
4-9-2015 Newshound Guru sczin11 Article quote: "Parliamentary Finance Committee revealed on Thursday that the Central Bank is likely to issue a large coins in order to minimize the number..." THIS THEORY SEEMS TO SUPPORT WHAT SOME HAVE BEEN SAYING, THAT IS, THE CBI WANTS TO REDUCE THE AMOUNT OF PHYSICAL NOTES IN CIRCULATION, WHICH WILL THEN IN TURN STABILIZE/INCREASE THE VALUE OF THE DINAR... BY ISSUING LARGER "COINS"/ NOTES, THEY CAN GET SMALLER NOTES OUT OF CIRCULATION./.... IE; 5 / 10K NOTES OFF, AND 2 25K NOTES INSTEAD...THUS REDUCING NOTE COUNT BY 3. IMHO, I DO NOT UNDERSTAND THE ECONOMICS/ACTUARIAL/STATISTICALLY SPEAKING/LOGIC OF THIS THEORY. [post 1 of 2....stay tuned]
4-9-2015 Intel Guru Delta I’d like to ask you some questions...which you already know the answer to: #1 – WHY (until now) did they not activate the PRIVATE SECTOR and the MARKET ECONOMY? #2 – WHY did they NOT issue the Qi-Cards (with the Visa/MasterCard)? 400,000 retirees are waiting for those cards that they could use anywhere. #3 – WHY has the budget not been completely distributed? ...there is only ONE answer. They need to increase the value of their currency by changing the rate! Everyone is waiting for it! Everyone knows the rate is going to be close to a dollar and that is what everybody is expecting. We are definitely very close... There is an urgency! They need this to happen as soon as possible!
4-9-2015 Intel Guru Frank26 Things are moving very fast now! Things are much farther than you think. The monetary reform and SECURITY is moving very fast. iTeam and our ground team found the broadcast. [reference Guru Delta's post 4-9-15] ...the reporter...they are repeating it every day ...they repeat what Delta said. We said Shabibi was still there. iTeam is protecting Dr. Shabibi. Finally yesterday we see confirmations of Shabibi – as Governor of the CBI. Teams don’t see 85 cents. They see $1.17 and up. Again...no one knows the date/rate.
4-9-2015 Intel Guru Delta The reporter said it was EXPECTED to increase in value. Everybody there including the government is EXPECTING an increase value but no one knows the exact date. Abadi doesn’t know the date. It’s classified. Probably the only ones who know would be the board of directors of the CBI. No one can pull the trigger except the Central Bank of Iraq...a lot of pressure on the CBI from all angles. So they said within 2 weeks. So we are going to wait and see what happens...the announcement could come by the end of the month. We looked back in history and Iraq’s monetary policy where changes typically occurred at the middle of the month. [post 2 of 2]
4-9-2015 Intel Guru Delta Basically every day in Iraq they have a FINANCIAL NEWS [segment] that is broadcast at 5pm Iraqi time. That segment is “LIVE” for about 12 hours, and...you’ve all seen the article...the Financial Committee and Abadi are meeting with the CBI. The reporter was saying that he had an interview with the Financial Committee but before he did that he did an introduction. The way that he [the reporter] said it was...it was EXPECTED for the Iraqi Dinar value to reach pretty close to a dollar within two weeks. This is a legitimate TV station -- sponsored by funds allocated from the budget. For a reporter on Iraqi TV to say that is incredible. We have a team who is watching that TV news channel all the time. [post 1 of 2....stay tuned]
4-9-2015 Intel/Newshound Guru tman23 I will share some news...NOT in the news or in INK... Kirkut is officially referred to as a subsidiary of Kurdistan... Abadi has informed the Governor of Kirkut as such and is exactly how Baghdad will treat it... Now the displaced in Kurdistan have been rushing to get Qi Cards over the past few weeks as they were promised "grant money"... That has been POSTPONED during the Abadi/Barzani meeting... A Trade Bank representative said that there is "change" coming 5/2 that will benefit citizens of the card of displaced... This is all FACT!! ...it does not mean RV or RV before that... It simply means a date of significance... Anything applied is pure speculation...but I assure you they have something to be planned to change on 5/2 regarding the displaced and Kurd region etc...
4-9-2015 Newshound Guru Kaperoni Article quote: "the project to delete the zeros is based was put into practice, and we gave the green light to start with," Another good article...that shows we are in the process...and what we are seeing in the media now...the talk about the auctions/remittances, market rate, and smuggling is part of that process that precedes the event!
4-9-2015 Newshound Guru sczin11 DR SHABIBI, HAS BEEN RUMORED IN THE GREEN ZONE, OUTSIDE THE COUNTRY, IN THE CBI OFFICES...SEEN AND READ IT ALL... REGARDLESS OF HIS PHYSICAL LOCATION, HE HAS PLAYED SOME ROLE IN THE MR REFORM PROCESS, AS IT HAS BEEN PLAYING OUT SINCE THE NEW REGIME HAS TAKEN OVER, IMHO.
4-9-2015 Newshound/Intel Guru BGG This article showing Dr Shabibi next to the current Finance Minister in Kuwait is HUGE NEWS (Getty Images is no small potatoes outfit). Him being labeled “the Gov of the CBI” could be taken a couple of ways. First, he was at one time the Gov of the CBI. This could simply be a title of respect. Which I am suspicious of… even so – it is big to see him acting in concert with the financial upper leadership of Iraq. On the other hand, this piece – taken in context with the Alliraqnews...article and Abbadi essentially giving a “veiled declaration” that Allaq would be replaced soon is HUGE NEWS!!! It should be noted this meeting took place in Kuwait…and he attended openly. Even though Dr Shabibi was exonerated – according to my sources he won’t come back to Iraq (for any term of stay) with Maliki still “on the loose”. 4-8-2015 Intel Guru Frank26 You know I talked to [Guru] Delta...and Delta’s team is telling Delta … “let go of the sucker bet sir!” There is no way you’re going to see a 10, 20 to 30 cent rate. God only knows the rate … but we believe it is at least one-to-one or above!
4-8-2015 Newshound Guru My Ladies WE CAN ELEVATE...TO A HIGH LEVEL OF EXPECTATION. ...THEY POSSIBLY DECIDED TO DO AWAY WITH THE DELETION OF ZERO’S AND INSTEAD THEY WILL INTRODUCE THE LOWER DENOMS AND CHANGE THE VALUE AT THE SAME TIME...IRAQ IS AT THE END OF THE PROCESS. I DON’T KNOW BUT IT SEEMS TO US THAT THEY ARE INTRODUCING A NEW CURRENCY (LOWER DENOMS) THE IMF ALLOWS APPLICATION SORT OF FOR THE CURRENCY AND THE BIS TURNS THE CURRENCY ON, OR SETS THE VALUE. NOW AGAIN I WILL SAY WE ARE SPECULATING HERE. WE WERE WONDERING HOW KURDISTAN PASSED INTO LAW THE HCL FUND LAW IF BAGDAD HAS NOT DONE IT YET...SEEMS THE CAT IS OUT OF THE BAG ON THAT ONE TOO. WE ARE SPECULATING THAT HCL HAS BEEN PASSED AND IS BEING HIDDEN ALONG WITH SHABBIBI…LOL… I WILL SAY KEEP YOUR CRASH HELMETS ON AND YOUR SEAT BELTS FASTENED. THIS IS HUGE NEWS ALL AROUND BUT UNTIL WE SEE IT ON THE CBI SITE WE NEED TO STAY GROUNDED.
4-7-2015 Newshound Guru Breitling Guru Roger interviews Breitling cont.: …they were trying to make it cheaper and cheaper to restructure their country and then they finally reached a point where for the last 2 years they have been reducing it and that's from the reports coming out from the CBI where they went from 6 billion notes to 4 billion notes and now their strategy is to get to a billion notes and that's where we are going to gain our value. They basically want to get it to a dollar then they will have a completely different strategy and that will get them to the $3 plus range. [So you've bet on the rebirth of Iraq and the country not just the dinar?] Absolutely. [Post 3 of 3]
4-8-2015 Intel Guru TNT Tony [via Adept1] Some are saying the HCL has not been completed. Kurdistan has just published what they are paying their citizens according to the HCL...Their payments cannot happen without the HCL agreement having happened. [...is there any validity...that the RV will not come to pass because they are waiting for two years for the value of the dinar to increase?] They have people sitting in banks right now who are trained to do this. They are on standby for a rate change today. Abadi saying the Iraqis will have this in a few days, and their television is saying that as well. People are waiting on pins and needles, and it doesn’t make sense that they are waiting for two years. They have no currency in Iraq – they de-dollarized, but people are still using dollars because there are no dinar. In Iraq, they were supposed to get approval at noon today and we don’t know yet if they have that. it’s a great day with great information.
4-8-2015 Newshound Guru Aggiedad77 Article "Iraqi PM Haider al-Abadi to Visit US Next Week" PM Abadi to Washington next week...not this week...unless something has grossly changed...I'm thinking he is due in Washington around the 14th...whenever he shows up I hope he brings his A-Team and his best game to present before whoever he meets with here in the US...and I hope they listen well.
4-7-2015 Newshound Guru Breitling Guru Roger interviews Breitling cont. You had to be brave when I first got into this around 2006 because they were adding MORE notes…they were basically diluting the value of the dinar. You had to believe what the CBI was saying…'one of these days we are going to remove 70% of these notes off the market and we are going to reduce the note count and we are going to get it back up to three dollars.' So for YEARS you HAD to have full on faith because they weren't reducing the note count they were actually adding to the note count… [Post 2 of 3 stay tuned for the rest of the story]
4-8-2015 Newshound Guru Kaperoni Article quote: "Iraq’s Finance Minister Hoshyar Zebari (left) and Iraqi Central Bank’s governor Sinan Al Shabibi attend a meeting of Arab Financial Institutions yesterday in Kuwait City." That is an interesting article...I would guess if the picture is current...he [Shabibi] is simply attending the Arab financial conference as some kind of advisor/or consultant. We know that Ali al-Allaq has the title of CBI gov at this time. I believe the captions should probably read: Iraq’s Finance Minister Hoshyar Zebari...and (former) Iraqi Central Bank’s governor Sinan Al Shabibi attend a meeting of Arab Financial Institutions yesterday in Kuwait City.
4-8-2015 Intel Guru Frank26 The HCL was approved and passed...iTeam told us they witnessed it back in January/February. ...why do you think the citizens are becoming impatient? They know what it’s going to do for them. They will have more purchasing power ...retirement benefits...salaries...a portion of the land that pays them...so many factors to help them...they will finally see money coming! In a couple of weeks...a lot of activity in Iraq!
4-8-2015 Newshound Guru Adam Montana Article quote: "A member of the citizen Bloc Hassan Khalati Wednesday that the general budget entirely dependent on oil imports must be to speed up the enactment of the oil and gas law, which ensures that regulate the relationship between the center and Iraqi Kurdistan." last week I made mention of how the HCL has been suspiciously absent in the news feed... well, not any more! The HCL is back on the table and it's possible that we'll see it addressed in the next Parliament session. ...this looks like the beginning of a finale, but we aren't standing in line at the bank just yet. As promising as this is, it's STILL Iraq we're talking about. We're all on a "wait-and-see" status for the HCL, so let's all...cross our fingers for some major HCL movement tomorrow or any other upcoming day (SOON!).
4-8-2015 Newshound Guru sczin11 IS DR. SINAN AL SHABIBI, IN LINE, PATIENTLY WAITING FOR HIS TURN? ...WE STILL HAVE NO FURTHER CONFIRMATIONS... WE NEED MULTIPLE CONFIRMATIONS...SO FAR ONLY 1 ARTICLE, 1 SOURCE...COULD BE A FABRICATED SOURCE/BLOG.
4-8-2015 Intel Guru Frank26 [via FrostytheSnowman] ...the CBI and GOI meet every day at 5AM to discuss the MR...and TODAY the articles finally tell you Dr. Shabibi is the Governor of the CBI! ...the GOI is currently consulting with several international banks to set up Treasure Bills. (5 Billion worth). That’s all? Huh...well...unless they do something about the 1166 rate [it will be a joke].
4-8-2015 Newshound Guru Kaperoni ...I haven't seen any photographs that support that Shabibi has anything to do with the CBI any longer. last I heard he was acting as a consultant which may be possible but I wouldn't get your hopes up.
4-7-2015 Newshound Guru Breitling Guru Roger interviews Breitling cont.: [Why did you get involved in Iraq and the dinar and where are you're going with it?] When people get into investing it's different from person to person. What did I do? I got out of the US dollar and into the dinar. So the value of the US dollar went down and the value of the dinar went up a percentage…so I've already made 26% just sitting on the dinar. People may have bought at a different time or at a different price…but I've already won so it is NOT a debate of if it's going to happen…it's already happened. Some people may have just got into it and they have not seen an increase yet… [Post 1 of 3 stay tuned for the rest of the story]
4-8-2015 Newshound Guru Millionday Article quote: "Iraq’s Finance Minister Hoshyar Zebari (left) and Iraqi Central Bank’s governor Sinan Al Shabibi attend a meeting of Arab Financial Institutions yesterday in Kuwait City." SHABIBI IS THE GOVERNOR OF CENTRAL BANK OF KUWAIT AS IT APPEARS HERE. Quote: "Iraq plans to raise $1.8bn this year by using Iraq’s Special Drawing Rights at the IMF, which would be different than an emergency loan program." “Iraq is not bankrupt — we have plenty of assets we can use,” he said yesterday. But he also said, “We have a serious cash flow problem,” adding that Iraq’s financial squeeze was “very serious”. SO AS WE SEE THE IRAQI DECISION IS TO USE THE SDR [SPECIAL DRAWING RIGHTS]. [If Iraq is able to get major financial assistance from the IMF programs, would this now allow them to hold off the revaluation of their currency for what they may consider a more appropriate and safer time climate?] NO THIS WOULD ALLOW THEM TO MOVE FORWARD WITH DEVELOPMENT AND THE IMF TO INVEST IN THE DEVELOPMENT. [what does it mean borrow from SDR?] I THINK THAT IT MEANS TO PAIR TO THE SDR. [and pairing to the SDR would mean a rise in value of the dinar?] YES IT WOULD WITH THE CONDITION OF THE US DOLLAR AND THE FLUCTUATION OF THE US DOLLAR.
4-7-2015 Newshound Gurus Chattels, sczin11 & OOTW Article quote: "Iraq’s Finance Minister Hoshyar Zebari (left) and Iraqi Central Bank’s governor Sinan Al Shabibi attend a meeting of Arab Financial Institutions yesterday in Kuwait City." WHAT!? Iraqi Central Bank’s governor Sinan Al Shabibi? FOLKS...STAY GROUNDED, BUT THIS COULD BE THE REAL BREAK SINCE DEC 22, WHEN DR. SINAN AL SHABIBI WAS ACQUITTED BY JUDGE MAHMOOD. I THINK SHABS MAY BE HELPING IRAQ NEGOTIATE WITH THE IMF. sczin11 says: "I HAVE SHARED WITH ALL OF YOU, MY COMMUNITY OF FRIENDS, SINCE DEC 22, 2014, I FELT HE WAS THE KEY TO THE COMPLETION OF THE IRAQI MONETARY REFORM...IT IS CERTAINLY NOT OVER, BUT CERTAINLY SOMETHING TO SMILE ABOUT!!"
4-7-2015 Newshound Guru sczin11 THE RAISING OF THE VALUE OF THE DINAR, IS A LONGER TERM BENEFIT FOR THE CITIZENS, AS THE GOODS THEY WILL PURCHASE IN COUNTRY, SHOULD COME DOWN IN PRICE, DUE TO THE IMPROVED PURCHASING POWER BY THE IMPORTERS...FOR THE GOVERNMENT, FOREIGN INVESTORS COMING IN, SPENDING THEIR BILLIONS ON THE INFRASTRUCTURE AND TOURISM ETC...AND THE TARIFFS AND TAXES AS A RESULT, THAT WILL BRING BIG BUCKS INTO IRAQ, BUT NOT SO FAST...HENCE, THE REASON THEY HAVE BEEN LOOKING FOR, AND GETTING, SHORT TERM LOANS/CREDIT/REPRIEVES... 1, 3, AND 5 YR BONDS - 1 YEAR POSTPONEMENT TO KUWAIT, ETC. [post 2 of 2]
4-7-2015 Newshound Guru sczin11 WHAT YOU MUST REALIZE, RAISING THE VALUE OF THE IRAQI DINAR, AGAINST OTHER CURRENCIES, ON THE EXCHANGE MARKET, DOES NOT...SOLVE IMMEDIATE LIQUIDITY PROBLEMS... THE IMMEDIATE GRATIFICATION ON THE "RV" PROCESS IS FOR THOSE OUT THERE, LIKE US, WHO WILL EXCHANGE DINAR FOR US DOLLAR. THE IRAQI PEOPLE DO NOT HAVE THAT PRIVILEGE NOR DOES THE IRAQI GOVERNMENT... A VERY BIG MISUNDERSTANDING OF THE PROCESS...BY MANY...THE IMMEDIATE EFFECT, JUST THE OPPOSITE FOR THE IRAQI GOVERNMENT, IT WILL COST THEM, AS THEY HAVE TO BUY OUR CURRENCY BACK... CASH OUT OF THEIR POCKET... AFTER IT GOES INT'L, NORMAL TRADING, BUYING AND SELLING, BID/ASK PRICES COME INTO PLAY. [post 1 of 2....stay tuned]
4-7-2015 Intel Guru Frank26 Iraq needs 7 BILLION DOLLARS per month just to function as a government. That’s 7 TRILLION DINARS! You can do the math. They need to raise the value of their currency. The next 2 weeks are going to be crucial for Iraq. CBI cannot give the GOI a date...so they tell them “get off my back.” We’re doing it. What else needs to “GET IN LINE?” BONDS also need to get in line. Bonds will kiss their “futures” goodbye if they don’t see VALUE soon EVERYTHING is waiting in line.
4-7-2015 Newshound Guru Shredd this project to remove the zeros is a huge one, both in process and meaning. In my opinion, the FC [Finance Committee] is at the "go, no-go" point of the project. They are ready but need to know activating this project will not cause problems perhaps unforeseen...security is a concern, inflation, counterfeiting not sure but I suspect some are scared to make this change the dollar has kept them afloat...they need to make the change, thats for sure, they just gotta agree on timing, the CBI is pushing for it...I imagine it's like that last moment before you get married.... you are looking in the mirror taking a last look, deep breath then go!
4-7-2015 Newshound/Intel Guru BGG [Does anyone have a take on the RV timing and Abadi's scheduled meeting with Obama in the US on the 14th?] there are a number of factors behind Abadi's visit to the US. Were we to fully grasp the depth of that influence we might just have a peek at a potential time frame. [So no RV April 30th?] that is an interesting date. The 50's [notes] won't be valid anymore.
4-7-2015 Intel Guru EXOGEN HOW LONG HAVE WE BEEN POSTING THE KURDS ARE NOT HAPPY AND THERE IS NO LIVE IMPLEMENTED, ACTIVATED AND EXECUTED HCL AGREEMENT IN PLACE. WHAT SENSE WOULD IT MAKE TO REVALUE A CURRENCY PRIOR TO THE 15TH WHICH IS THE PROJECTED DATE THAT ENDS THE 50 DINAR IQD NOTES. THE 50 NOTES BECOME WALLPAPER OFFICIALLY ON THAT DATE BASED ON PROJECTED DATES. IT MAKES NO LOGICAL SENSE TO RAISE ANY CURRENCY VALUES PRIOR TO THAT DATE THE 15TH.
4-7-2015 Newshound Guru Breitling Guru Roger interviews Breitling cont. : …They are going to reduce the note count by 70% and they are going to retire the notes at different stages. This is proof [removing the 50 dinar note] that they are not going to remove all notes at once and is proof that they are reducing the note count…they used it as a strategy to reduce the note count. So they're reducing the note count and reducing the US dollar count in the Iraq market. [Part 3 of 3]
4-7-2015 Intel Guru Frank26 Abadi is under extreme pressure because he is in charge of the 2015 budget which controls everything. The patience on behalf of the citizens is growing very thin. They are waiting for the new value of their currency. ...if you look back at the histories of countries currency revaluations...they almost occur in the middle of the month. Always. This whole process must be done correctly. Controlled correctly. All nations are EXPECTING for the value to change. We believe that this past Saturday and Sunday ...many laws were voted on. We believe that these had to do with the monetary reform. These laws could be the last ones that are needed. We believe an article may surface soon about that. ...they got the green light on March the 3rd and now it’s a glowing green light. [post 2 of 2]
4-7-2015 Intel Guru Frank26 Abadi is being pressured...a good type of pressure...and that is a wonderful thing. Abadi and Ali (GOICBI)...are still meeting and talking about how to increase the value of the IQD. Everyone in Iraq knows that they’re meeting and everyone knows what’s happening in Iraq. [Guru] Delta’s brother-in-law called...EXCITED...and said...“Delta on TV they are showing some important information that you might want to know about. There is a reporter who went to the CBI and asks “WHEN” is all of this going to happen?" The answer came from the CBI directly to the reporter that they are working on it and in a couple of weeks our goal is to get the IQD equal one-to-one with the USD. “THERE IS AN EXPECTATION WITHIN THE NEXT 2 WEEKS TO BE ONE-TO-ONE ON PAR WITH THE USD.” Is this “insider information?” No. Currently the IQD is not “International” – there is no “insider information” – because this is a speculative investment. If the IQD was on the ISX as International – then yes...then there might be a problem. [post 1 of 2....stay tuned]
4-7-2015 Newshound Guru Breitling Guru Roger interviews Breitling: [People would think, Oh no, the 50 is going away. that must mean for sure that they are not revaluing the currency or the currency is not going to go up anytime soon…what is your response to that?] If they were going to take your and my dinar and they were just going to put a new currency out there then they would have done it in one shot. There's no reason to keep certain notes on the market…They got rid of the old Saddam Currency all in one shot…it was all done in six months. They [Iraq] are talking a 2 or 3 year process and they are going to remove one note at a time as the value is added to the currency. they told everyone what they were going to do... [Post 2 of 3 stay tuned for the rest of the story]
4-7-2015 Newshound Guru Breitling Guru Roger interviews Breitling: [Tell me what's going on with the 50 dinar notes.] It's part of their policy to reduce the note count. This is something we've been watching for a long time. The most amount of notes they had was about 9 billion notes that represented 30 Trillion Dinar…1 note has 25,000 thousand dinar in it…a 25K note. They are reducing the note count...the wealth that's represented by that note get's crunched up into small and smaller amount of notes…that's where the wealth is always going to come from. It always works like this…Right now the US is adding currency to it's economy so the value of the dollar is going down. With Iraq you have to believe they are going to reduce the note count…They decided to get rid of the 50 dinar note and this reduces the note count. [Post 1 of 3 stay tuned for the rest of the story...]
4-7-2015 Intel/Newshound Guru tman23 "Kirkuk’s Deputy Governor, said Rakan Saeed Al-Juburi, Monday…said in an interview for alsumaria news, “the Commerce Ministry has converted $ 40 billion dinars to banks of Kirkuk”, pointing out that the amount “is the financial benefits of conservative farmers who have marketed crops wheat, barley silo Kirkuk.” ...Access to $$$ will be Tuesday...and waiting to see what denoms are used to pay at the window…more so keeping an eye out to see if any of the “new” 25k” notes hit the streets.
4-7-2015 Newshound/Intel Guru BGG "...the Council of Ministers took an important decision to speed up the granting of visas to investors to no more than 72 hours, ..." ...very curious set of events. the big headlines in the ME were - the "fast tracking" of investor Visas... Uh - might I ask - just who are these mystery investors needing immediate access - and why do they need such access...and two - the Kurds are apparently getting /or have gotten paid 455 million in USD. where did they get that money...or are getting that money? 4-6-2015 Newshound Guru Arthur There is absolute ZERO credibility to any unfounded claims that the HCL has been fully implemented. Just in the past 48 hours we see an article stating: "Deputy for the National Adoption of the oil and gas will set the oil policy in the country"...... also stating "must be to speed up the enactment of the oil and gas law", and that "the next HOR sessions will see the inclusion of oil and gas law (HCL) on the agenda for the purpose of reading and discussion by the political blocs." It also stated that there is "a wide interest by the parliamentary blocs to complete the enactment of this law." I can confirm by my contacts that this is now being taken very seriously as all concerned are fully aware that nothing can move substantially forward until this is done and that it is in process to be fully implemented in short order. I can also assure you that the security situation is going according to internal and external planning and, although a very important component to the overall reform package, at this juncture it is not a major impediment to the MR that is currently in process therefore it is certainly no coincidence that the Gov. of the CBI Alaq is accompanying PM Abadi during the historic visit to the Kurdistan region prompting contractors and other Iraqi contacts to now be on high alert for upcoming payments in revalued IQD.
4-6-2015 Intel Guru TerryK TODAY IS MONDAY AND I WAS TOLD BY TUESDAY...TOMORROW IS TO BE A BIG DAY WE SHALL SEE.
4-6-2015 Intel Guru TNT Tony [via Adept1] Everybody, all around the world, was expecting this to go on Sunday. There are bank personnel at work right now, trying to figure out when this didn’t happen. Iraqi television is still saying that stage four will come to an end in the next few days. People we are talking to in Baghdad still have not received their money, but they have relatives in other parts of the country who have received theirs. Baghdad will be last to receive, and then it will be announced. I did get another window of time from Iraq. They are highly upset about this weekend because most thought this was going. Everyone is just waiting. The actual RV has already been done for some weeks; we are just waiting for an announcement.
4-6-2015 Newshound Guru Mnt Goat This week we had the best confirmation ever by Kurdistan and the oil ministry of the full and now undisputed evidence of the implementation of the hydrogen carbon law (HCL). There were many articles on this subject. ...I believe it is only a confirmation and this issue has been settled for some time already. Article quote: "Finance Minister Hoshyar Zebari, on Thursday, that the Iraqi government had sent $ 455 million to the province of Kurdistan." We can now see the proof for ourselves in this article as yet another payment is being made to the Kurdistan region in the sum of $455 million this month. It is becoming now routine...they are making payments on the 17% as agreed! This is wonderful and exciting news. [post 2 of 2]
4-6-2015 Intel Guru Mnt Goat Honestly if I thought it was going to RV any time soon (within the next days or weeks) I would honestly say so but this is just not going to be the case since there is absolutely no sound evidence of this being the case. We still may have a couple months to go. It is still all about SECURITY, SECURITY and more STABILIZATION in Iraq. This is the holdup and the IMF or the BIS are not going to release the currency to the international arena unless these reasons for down grading the currency in the first place no longer exists. ...I hate to tell you but...Tikrit was not in fact secure and ISIS was not gone. Abadi speech on this topic last week was premature and my contacts in the area has told me. As I have said...Iraq needs the following laws prior to any revaluation of their currency...I believe entirely this to be true from the high level sources I am communicating with....they are an integral part needed in the process of regaining the needed SECURITY and STABILITY of Iraq. 1) National Guard Law 2) Amnesty Law 3) Full implementation of the new Iraqi Constitution 4) Full implementation of all reforms formerly agreed upon as part of the reconciliation process. [post 1 of 2....stay tuned]
4-6-2015 Intel Guru Hub i have a small tidbit...and understand this is not from me, but a contact in iraq...he is a contractor... he was informed they are going to be payed at $4.20. [did they say when?] talked like now...but again i dont know.
4-6-2015 Intel Guru Jester WE DID NOT RECEIVE ANY NEWS TODAY FROM THE SANDBOX... BUT YESTERDAY THEY WERE CERTAINLY THINKING THINGS WERE GOING THE RIGHT DIRECTION... WE WILL SEE I SUPPOSE...LET'S HOPE IT IS A BRIGHT NEW DAY WHEN THEY SEE IT...
4-6-2015 Newshound Guru sczin11 Article: "Parliamentary Finance Committee proposes to cancel the auction currency Central Bank" WHAT DO WE SEE HERE...AS SOME TRANSLATIONS HAVE STATED, THEY ARE IN FACT, HOLDING AUCTIONS? THE CBI WEBSITE SHOWS LAST AUCTION FEBRUARY 19, 2015.. CAN NOT FIND AUCTIONS ANYWHERE ELSE BEING DIVULGED...WE WERE TOLD NEW MECHANISMS...WE WERE TOLD REMITTANCES...AND NOW WE SEE, AUCTIONS, AGAIN? 4-5-2015 Intel Guru TNT Tony BANK WEALTH MANAGERS HAD A MEETING ... THEY SHARED SOME INFO AND WERE ADVISED TO BE AWARE OF A CUSTOMER SURGE THIS WEEK...
4-5-2015 Newshound Guru Kaperoni ...clearly we are..."in the process"...and as stated..."this process will be preceded by regulatory and administrative processes and the form in which it will start with a walk," I believe what we are seeing now with the shortage of liquidity, the new currency remittance program, tightening up on smuggling, etc. is the beginning (walk) as said by the CBI. That they are in the process of deleting the zeros..and we will have to just watch as it plays out. It is clearly a plan that takes time...looking forward to the next step.
4-5-2015 Intel Guru Jester AFTER 3-4 WEEKS OF NO CHANGE... YESTERDAY GOT A REPORT THAT THINGS ARE RAMPING UP IN THE NEWS AND THE MOSQUES... AND TODAY GOT THE REPORT THAT THINGS ARE REALLY RAMPING UP AND GETTING RATHER EXPECTANT... THAT THEY ARE EXPECTING THINGS TO HAPPEN THIS WEEKEND...
4-5-2015 Intel/Newshound Guru Poppy3 [if they spent 30% of the budget and they have 75% of the year left; How will they survive?] ...THEY WOULD HAVE 70% LEFT BUT THE FUNDS SET ASIDE COUPLED WITH THEIR GROWTH AND OIL SALES CASH FLOW CAN PUT THEM OVER. HOWEVER FROM CONTACT ON THE GROUND THERE, WHEN THEY WERE BUDGETING FOR THE 2015 BUDGET AND STILL TRYING TO FINISH THE 2014 BUDGET HE WAS TOLD THE BUDGET FOR 2015 WAS BASED ON $1.41 SO THEIR NEW BUDGET WHICH HAD MORE ADDED TO IT TO PAY THE LOAN ON THE 2014 BORROWED TO FINISH IT REQUIRES THEM TO RV HIGHER TO FULLY FUND THIS YEAR. 4-4-2015 Newshound Guru Millionday [I think we are in the last phase...how do you feel about that?] I THINK THAT WITH ALL OF THE OTHER PHASES DONE WE ARE AT THE IMPLEMENTATION PHASE ACCORDING TO...THE REPORTS WE HAVE SEEN...
4-4-2015 Intel/Newshound Guru Poppy3 ...MY CONTACT TOLD ME VERY CLEARLY THE LEADERSHIP HAD A MEETING IN PRIVATE AND I MEAN ABADI, JABORI, BARZANI, CBI ETC ETC MET FROM 8AM TILL AFTER 10PM IN ONE SETTING AND TOTALLY AGREED ON WHAT IS REQUIRED OF ALL OF THEM TO COMPLETE FINANCIAL REFORM. HE SAID THEY NOT ONLY SHOOK ON IT THEY DID THE UNTHINKABLE AND HUGGED ON IT STATING THEY WILL NOT BE DETURED FROM THE COMPLETION BY ANYTHING. THATS WAS 11 WEEKS AGO NOW AND THEN 3 WEEKS AGO HE REPORTED THEY HAD ANNOUNCED TO IRAQ GOI LEADERS THEY HAVE ENTERED THE FINAL PHASE. WHAT IS REQUIRED IS NOT PUBLIC TO YOU AND I... THE TIME FOR FINAL PHASE IS NOT AND WILL NEVER BE KNOWN EITHER. LIKE THE LAST TWO WEEKS ABADI AND THE CBI LEADER SAID A FEW DAYS.
4-4-2015 Newshound/Intel Guru BGG ...we are - we're WAAAY closer than we were when I first looked at this thing. I just make a comment on the context of where we are at...from 2003 to now - HUGE difference. We at least stand a fighting chance...whereas - even under Maliki the odds were way worse than they are now. [But how can the fund the rest of the budget without an RV?] I wouldn't normally make this comment - but IMHO it will be very difficult to do so without added value from somewhere.
4-4-2015 Newshound/Intel Guru Arthur Part of the problem has been that the once solid and consistent leadership in Kurdistan is in a transitional phase which has led to a new level of mistrust between the center and the region and have slowed negotiations, but with the assistance of several entities there has been some substantial headway made of late leading to the payment of $455 million and quieting the dissenting voices in the region. There has also been a settlement in the sticky issue of the $300 million lawsuit Baghdad filed against the Greek shipping company the Kurds used to deliver oil which Baghdad deemed as illegal back in September of last year. All this has happened in the past few days and I am now getting that we could be just days away from the HCL agreement finally being read in to law. This is the reason Iraqiya News is now confidently predicting that we are within days of finally seeing a reality rate for the Iraqi dinar. [post 2 of 2]
4-4-2015 Newshound/Intel Guru Arthur There has been a lot of progress in recent days in several areas both political and security. The final part of the security phase is now being completed with the final liberation of Mosul and other occupied areas and the political leash being put on Iran. Any notions that security concerns will hold up anything till June are totally unfounded as it will not take nearly that long to finish up these operations. Which leaves what we are and have been waiting on all along and that is the finality to our long awaited equation GOI + HCL = RV. The final negotiations for this historic Law has everything to do with everything, the budget, reconciliation, amnesty, etc. As I said before nothing will move substantially forward until the HCL is finally and permanently implemented. Which is the reason for this update. Due to sheer time and liquidity constraints both internal and external, there have been several breakthroughs over the past few days. [post 1 of 2....stay tuned]
4-4-2015 Newshound Guru Adam Montana ...for all you newbies here - a "major change in the rate of the Dinar" is what we're waiting on. It's the so-called "RV" or "RI" that everyone talks about. Don't expect Iraq to call it an "RV". Most likely, they will simply announce something like this: "CBI announces change in exchange to equal 1 dinar equal to 10 cents USD". I don't foresee any fanfare or press releases. The CBI won't have time to enjoy the party that people will want to throw for them, accept awards, or anything else. My expectation is that they will be excruciatingly silent about their reasons, future intentions, and everything else related. They will simply issue directives to banks, manage an explosion of activity with their auctions, and tell the world "This is now how it is. We do not need to answer questions." And the world will just have to accept it.
4-4-2015 Newshound Guru Millionday PER THE IMF -- THERE ARE FOUR PHASES AND WE ARE AT THE LAST ACCORDING TO REPORTS AND ARE TO THE END WHICH IS --- IMPLEMENTATION. SO -- (FOUR PHASES) --- POLICIES FINANCIAL LEGISLATION EITHER IN PLACE OR UNDER WAY (DONE) --- NEXT ---SETTING UP POLICIES TO DO WITH REFORMS (DONE)-- NEXT --- A DETAILED COUNTRY BUDGET (DONE) -- NEXT -- PRODUCTION OF THE NEW CURRENCY (DONE) AND THE NEXT AND FINAL ---IMPLEMENTATION --- WHOOOPOW.
4-4-2015 Intel/Newshound Guru Poppy3 i think we are on the very verge of a new exchange rate and not 1166...way beyond. I DID HEAR FROM A WASHINGTON CONTACT, THEY THERE ARE TRUELY EXPECTING A RATE OF $1.13 BUT I TOLD HIM THAT DOESNT SOLVE ANY OF THEIR PROBLEMS. THEY NEED $3.00 PLUS TO FILL THE BUDGET MUCH LESS PAY ALL THEIR OBLIGATIONS PROMISED DURING THIS YEARS BUDGET INCLUDING DRAWING IN INTERNATIONAL INVESTORS. JUST CAN'T HAPPEN THAT LOW.
4-4-2015 Intel Guru EXOGEN THERE WILL PROBABLY NEVER BE AN ARTICLE OR POST ABOUT A GCR OR RV PUBLISHED BY ANY NEWS OR FINANCIAL ENTITY GLOBALLY. RV IS NOT EVEN A BANKING TERM AND NEITHER IS GCR. YOU HAVE TO PUT THE PUZZLE PIECES TOGETHER FROM A GLOBAL PERSPECTIVE AS EVENTS ARE RELATED DIRECTLY AND INDIRECTLY.
4-3-2015 Newshound Guru Administrator Bob [Reminder]...the Central Bank of Iraq will demonetize (cancel) the value of the 50 dinar note....CBI deadline...April 30th, 2015. After that time, the banknote will be considered void and will no longer be legal tender or have any purchasing power.
4-3-2015 Intel Guru EXOGEN IF KURDISTAN WAS HAPPY THERE WOULD BE A 100% LIVE, ACTIVATED, IMPLEMENTED AND EXECUTED HCL AND AS OF TODAY THAT IS NOT IN PLACE YET...IT IS AGREED UPON BUT NOT ACTIVATED, IMPLEMENTED, AND EXECUTED.
4-3-2015 Intel Guru TNT Tony [via Sunny] I think all the information is great. Still telling people it's sometime this weekend for their currency to change value. Our guy calls from Iraq and says every government agency is on high alert this weekend. I am telling you exactly what I'm being told...any min...2 hours...2 days...anytime...the entire system is connected...banks finalized their plans, rates are there. Waiting for the magic moment to announce it to the public. Abadhi says he will do that this weekend. Other countries have paid people. We know the system works. Everyone thinks something should happen over the weekend. No reason, I know of for it not to happen. Could be next couple of hours.
4-3-2015 Newshound Guru tlm724 Article quote: "Kurdistan Parliament approves oil and gas law and the fund is a private body has Arbil / long-Presse Kurdistan region's parliament approved on Wednesday a draft oil and gas revenue fund for the Kurdistan region code..." they seem to have compromised and we should see great progress on the Iraq's HCL now.
4-3-2015 Newshound Guru Breitling Article "The month of next April will see the stability dollar against the dinar return to the normal price due to the series of steps carried out…" What's that mean? They are manipulating the market and that's a good thing! What they are trying to do is control the amount of US dollars that are in Iraq so it has a controlled competitive effect against the dinar…that's exactly what they're doing. They are moving forward.
4-3-2015 Newshound Guru Shredd Article: "Kurdistan Parliament approves oil and gas law and the fund is a private body..." Quote: "the law provides for the allocation of two dollars for every barrel of the realms and districts oil producers," pointing out that "the meeting decided to set up a special fund Authority revenue, comprising six people, will be the ratification of the appointment by the Parliament of Kurdistan ." Very nice. Getting closer to this being a reality and checked off the list! [See the Dinar Guru Resource List on the left to see the "possible to do list"]
4-3-2015 Newshound Guru Chattels Article quote: "House Speaker Salim al-Jubouri on Wednesday decided to cancel all vacations for members of the House of Representatives until the end of the current legislative term 1 / next May." if the foregoing means May 1, 2015 then we have almost 30 days of a working Parliament without leave or vacation.
4-3-2015 Intel Guru Jester BOEHNER IS STILL IN THE MIDDLE EAST... WHAT THE HECK ARE THEY DOING HANGING OUT THERE ALL WEEK DO YOU THINK? WORKING ON GETTING THINGS FINALIZED MAYBE? I LIKE THE FACT THAT EVERYONE IS LINED UP... THREE DAY WEEKEND ON THE WAY... AND ON A FRIDAY THIS TIME... THE SAME DAY THE OTHER GUYS ARE USUALLY OFF TOO...
4-3-2015 Intel/Newshound Guru tman23 I just question the chance of any rate change during the exchange and elimination of the 50 IQD note... [...which ends April 30th right?] That is my understanding.
4-3-2015 Intel/Newshound Guru Poppy3 [WHATS THE WORD ON THE STREET?] WORD ARE SAME AS LAST WEEK...THEY ARE IN THE LAST PHASE AND WILL NOT STOP TILL COMPLETION. PLUS WE HAVE HAD ABADI AND CBI STATE THEY WILL COMPLETE IN THE NEXT FEW DAYS. I KNOW WE DON'T KNOW THEIR DEFINITION OF FEW DAYS BUT FROM THEIR HISTORY I SUSPECT IT WOULD BE 30 DAYS OR LESS AT ANYTIME. THEY WILL TALK OF THINGS NEEDING TO BE DONE BUT THEY WILL NOT STOP PROGRESS. THEY WILL NOT GIVE HINTS OF IT HAPPENING...THEY WILL LEAD US TO THINK IT'S A LONG WAY OFF THEN DROP IT ON US WHEN WE LEAST EXPECT. REMEMBER HISTORY...CHINA AND KUWAIT BOTH SAID THEY WOULD NOT RAISE RATES FOR MONTHS THEN RV'ED AT 3PM THE SAME AFTERNOON THEY SAID THEY WOULD NOT RV. I EXPECT SIMILAR THING HERE WITH IRAQ.
4-3-2015 Intel Guru TerryK ITS ABOUT TO KNOCK THE DOOR DOWN. I WOULD NOT BE AT ALL SURPRISED TO SEE THIS SUNDAY. 4-2-2015 Intel Guru Delta FROM IRAQIA TV FINANCIAL NEWS…REPORTER SAID: IT'S EXPECTED FOR THE IQD VALUE TO BE CLOSE TO A DOLLAR WITHIN 2 WEEKS!!! AND THAT WAS BASED ON THE INFORMATION TOLD BY THE CBI TO THE FINANCIAL COMMITTEE AT THE PARLIAMENT!!!
4-2-2015 Newshound Guru Millionday PER THE IMF --THE THIRD STAGE IS THE PRODUCTION OF THE CURRENCY THAT HAS BEEN INCLUSIVE OF THE NEW DESIGN AND THE SECURITY STRIP. THERE ARE FOUR PHASES AND WE ARE AT THE LAST ACCORDING TO REPORTS AND ARE TO THE END WHICH IS ---- IMPLEMENTATION. THIS IS...VERY, VERY ENCOURAGING...WHOOOPOW. ...OBVIOUSLY THE IMPLEMENTATION WOULD BE THE ISSUANCE OF THE CURRENCY...
4-2-2015 Newshound Guru Adam Montana [Does the RV HAVE to happen ONLY during a Sunday night into Monday morning due to the FOREX markets being closed during that time?] Of course not. The CBI is not obligated to do anything on any day, ever, for any reason whatsoever.
4-2-2015 Newshound Guru Breitling They are not going to turn the dinar into electronic money…it's not that kind of economy. They are still trying to piece this country together. There are not ATMs on every corner. 30% of the Iraqi economy is based off of the US dollar but the IQD is based on the USD anyway …they are after the US dollar so they can put it in their foreign currency reserve and back their notes up that much more…the 50 dinar note being taken off is a HUGE chunk. It's a big deal. You should be very very happy.
4-2-2015 Newshound Guru Millionday [Some reports say that Iran talks have to conclude before RV - any truth to that?] I HAVE AN OPINION -- I DONT SEE HOW THE TALKS WITH IRAN WILL STOP THE TRANSITION OF IRAQ`S MARKET.
4-2-2015 Intel/Newshound Guru Poppy3 LETS HOPE ALL THESE DIGNITARIES FROM THE US, CHINA, UNITED NATIONS, WORLD BANK REPS, ETC ETC. DON'T SLOW THEM DOWN AND ABADI MEETS THE DEADLINE OF TOMORROW NIGHT AT MIDNIGHT AND GET THESE PEOPLE PAID AS PROMISED LAST MONTH.
4-2-2015 Newshound Guru Millionday [Does anyone know if the United nations operational rates are posted first or the Central banks, Because the UN operational rates are always posted on the first day of any given month?] THE MOST ACCEPTABLE TIMING FOR A CURRENCY MARKET CHANGE FALLS GLOBALLY ON THE 1ST AND THE 15TH OF EVERY MONTH. THE TWO DIFFERENT TIMES ARE THE BEST TIMES MARKET WISE -- EVEN THOUGH SOMETIMES THEY MAY NOT LIST CHANGES MADE YET -- MATHMATICALLY -- ECONOMICALLY ETC THE MARKET DICTATES THAT THE 1ST AND THE 15TH ARE THE BEST AND THE LESS NEGATIVELY IMPACTED BY CURRENCY CHANGES.
4-2-2015 Intel/Newshound Guru tman23 Salim Al-jubouri, Wednesday, to cancel all leave the House until the end of the current legislative term, beginning May 1...CANCEL ALL! They are going to committee to work on laws... Mustafa visited Baghdad for a meeting...(Gorran Party Head for Kurd region)... Barzani (KDP) and Talibani (PUK) both agreed that it is time for the Kurds to begin the move towards independence from Baghdad. Truth be told... THE KURDS ARE NOT HAPPY! There are foreign investors in Iraq that are ready to BOLT from the Kurd region...Investors on the sideline in Kurdistan are not happy...they have $$$ tied up that they cannot get out of the country right now and progress has been at a stand still for too long. The "coming days" verse by Baghdad does not work in the business world...especially when your company has shareholders that you have a fiduciary duty to uphold. This is a very interesting move by Jabouri... We can speculate that the RV may be on the table for release right now...or there is serious political differences between The Kurds and Baghdad...And I from what I'm told...Kurds will go to June and then shift sails...$$$$ solves a lot of problems.
4-2-2015 Newshound Guru Aggiedad77 Article: "Parliamentary Finance: taxation to raise the dollar's exchange rate against the dinar" ...this Finance Committee member has now come forward with probably 4-5 reasons why the USD continues to rise against the IQD...it is called supply and demand...There is less available on the street these days so the price has to go up if the demand is there...but he continues to point to all sorts of things...today claiming it is the taxation process that the government is implementing that is the cause...He does say it will now stabilize and not go any higher...wonder what he basis that on...
4-2-2015 Newshound Guru Millionday Article quote: "Parliamentary Finance Committee, announced Wednesday, all hosted by Finance Minister Hoshyar Zebari, and the Governor of the Central Bank on the Keywords to discuss important financial issues concerning the country." PARLIAMENT HAS HOSTED GOVERNOR OF CBI (NO NAME AGAIN). HERE IS THE BEST PART AND THE BEST GOAL WE COULD SEE IN OUR POSITION IMO. Quote: "The goal of hosting is to discuss the issue of the Iraqi currency and strength in the global market, as well as discuss the current financial crisis in Iraq." SO THEY ARE HOSTING TO DISCUSS THE ISSUING OF THE CURRENCY AND ALSO THE STRENGTH IN THE >>>GLOBAL MARKET<<<WHOOOPOW!
4-2-2015 Intel/Newshound Guru Poppy3 [Heard Sec of Treasury and J. Beahnor are over there...Confirmed? Wonder what they are doing there?] ALSO BAN KI MOON FROM UNITED NATIONS IS REPORTED THERE AND A GROUP FROM THE UST...WORLD BANK. THEY ARN'T THERE TO EAT SHRIMP AND DRINK? TIME WILL TELL VERY SOON.
4-2-2015 Newshound Guru Adam Montana [How confident should we be that all currency (pre- and post- August 2014) will be honored in an RV?] I am very confident that all currently honored notes will be honored for however long they say they will honor them. At this time, only the 50 dinar notes are being pulled, and they were very clear about the timeframe and exchange policy.
4-2-2015 Intel Guru TNT Tony [via Adept1] Yes, some people in Iraq have been paid, from the top down, and one day it will be turned on for the masses...When they get to the masses, we will also get paid. The PM himself is going from province to province, telling them when this is going to happen ...the system connecting all the banks was hooked up, and that was needed for the masses to go. We still haven’t gone, and it could be another few days, but all the final pieces have been put into place...The banks are ready, the rates have been set, the currency has been passed out in Iraq, they have announced many times that they will do this within a couple of days on their television; the banks over here have connected their system...Everybody is ready to do this, and they have a new window that is being broadcast over there.
4-2-2015 Intel Guru ScottiG ...keep your eyes on the court systems. We may see some interesting things happen over the next few days. Cannot go into details…but not blowing smoke. Could be very positive for us...court system in Iraq. Seen enough smoke over there, maybe see some traction soon…Rate of $3.84. Don't know why we haven't seen it…I think we are in good shape…I think we are extremely close…The CBI is in control of the release of this…know that the Central Bank is very eager to get this thing going… Put all the pieces together and you have a picture. Who pulls trigger? Cannot say…More than one entity involved. Iran is 2d largest holder of dinar (IQD). I think what they may be holding onto is they want all these sanctions lifted…Iran wants all these sanctions lifted from USA and other countries I got a gut feeling they (Iran) are putting pressure on the CBI not to do anything until they get what they want. Don't know if someone is stopping someone else from doing it, or someone standing in the middle of the road - don't know. May see some activity in next few days. 4-1-2015 *** Dinar Guru News Flash *** CNN is reporting the Iraqi Army along with their allies have taken back Tikrit and the Iraq flag is flying over the city...If they are able to hold the city it would be a very big victory for the new army...stay tuned as the gurus chime in on what impact this holds for the Iraqi security, economy and the dinar...The latest guru updates will continue below...
4-1-2015 Newshound Guru Millionday Article quote: "Parliamentary finance committee, said that the Governor of the Central Bank of Iraq, told her that the exchange rate of the Iraqi dinar against the dollar will return to normal in the coming weeks." THE FIXED RATE OF 1166 WILL BE RETURNED IN THE COMING WEEKS -- OR WHATEVER RATE THEY PLAN ON -- SMILE. YEARS AGO SALEH USED TO REFER TO THE ECONOMIC REALITY AS A RETURN TO "NORMAL" -- SO INTERESTING INDEED
4-1-2015 Newshound Guru Adam Montana [If the HCL was to pass tomorrow that does not mean that the RV would follow shortly after that. You have always said that the CBI will pull the trigger on the RV when they think it is the right time to do so. So it could be right after or a week after or a year for then correct?] ...when the HCL is announced, that will be when the CBI is ready and I don't see the RV being delayed beyond that.
4-1-20-14 Newshound Guru sczin11 FOLKS, THE CHANGE IN THE VALUE OF THE IRAQI DINAR, MUST BE A SIGNIFICANT INCREASE, OR THEY WOULD NOT HAVE GONE THROUGH THE STEPS THEY HAVE, THUS FAR…AND WE ONLY REALLY KNOW, THAT WHICH THEY HAVE CHOSEN TO SHARE! WE ARE IN A GREAT PLACE…WE ARE IN A GREAT INVESTMENT …AND MOST IMPORTANT, THE IRAQI CITIZENS, WILL FINALLY BE PUT IN A POSITION, OF TRUE ECONOMIC PROSPERITY…PEACE, HEALTH, AND MOST OF ALL, PROSPERITY TO THE CITIZENS OF IRAQ, AND TO US! [post 4 of 4]
4-1-20-14 Newshound Guru sczin11 WE DO NOT NEED TO...GO OVER ALL THE CHANGES THEY HAVE MADE THUS FAR, BUT THE PHRASE MANY ARE HARPING ON, IS ENOUGH TO JUSTIFY MY PREVIOUS STATEMENT…THEY HAVE BEEN GIVEN THE GREEN LIGHT! NOW, PUT THESE PUZZLE PIECES TOGETHER, WHAT I STATED AT THE TOP OF THIS PIECE ABOUT THE RATE OF EXCHANGE, AND THE TELEGRAPHING, WITH WHAT I HAVE STATED JUST ABOVE, WITH THE CHANGES, AND STEPS THEY HAVE TAKEN, AND WHAT DO YOU GET? A CHANGE IN THE EXCHANGE RATE OF THE IRAQI DINAR, IN THE POSITIVE DIRECTION, HIGHER VALUE AGAINST THE USD… REMEMBER, WHEN THE RATE GOES FROM 1270 TO 1166, THAT IS A RAISE IN VALUE…A HIGHER VALUE IF YOU WILL…AND WHY MAKE ALL THE CHANGES THEY HAVE, OVER LAST MONTHS AND YEARS, MOST SIGNIFICANTLY, DURING THE NEW ABADI REGIME, ONLY TO WATCH DINAR GO FROM 1166 TO 1270 AND BACK TO 1166? [post 3 of 4....stay tuned]
4-1-20-14 Newshound Guru sczin11 NEXT, DO ANY OF YOU REALLY BELIEVE THERE ARE NO INTELLIGENT, GENIUSES IN IRAQ IN ALL FIELD OF BUSINESS, INDUSTRY? DO NOT KID YOUR SELF…EACH AND EVERY “I” GETS DOTTED, AND EVERY “T” GETS CROSSED…WHY DO YOU THINK EACH NEW LAW AND AMENDMENT GETS READ 3 TIMES...BEFORE A VOTE...MOST WITH COMMITTEES FORMED TO REVIEW BEFORE THE VOTE, AS WELL…DO YOU BELIEVE, THAT THESE ARCHITECTS DIDN’T KNOW WHAT WOULD HAPPEN WITH THE DINAR PAIRINGS, EXCHANGE RATES, VALUES, AS THEY WENT THROUGH THE STEPS, TO INITIATE MONETARY FORM, AND BEGIN THE ENTRY OF THE NEW IRAQI DINAR, INTO THE INTERNATIONAL, GLOBAL, OPEN MARKET ECONOMY, AND COMPLETE THE MONETARY REFORM PROJECT? [post 2 of 4....stay tuned]
4-1-2015 Newshound Guru sczin11 THE CBI WILL BRING THE EXCHANGE RATE OF THE DINAR/DOLLAR BACK TO THE IMPOSED ARTIFICIAL RATE OF 1166/1 USD...THIS CAN BE GREAT NEWS. WHY YOU ASK? FIRST OF ALL, THIS NEWS HAS BEEN COMING OUT FOR OVER A WEEK NOW…THE FIRST ARTICLES SAID IN A FEW DAYS…THE NEXT RELEASES SAID IN A FEW WEEKS…THEN TODAY SAID NEXT MONTH, IMPLYING APRIL…DO ANY OF YOU REALLY BELIEVE, THAT ANY OF THE FEW PEOPLE IN GOVERNMENT WHO KNOW THE DATE/TRIGGER, WOULD TELEGRAPH WHEN THAT WAS? IT IS CALLED, IN OUR WORLD INSIDER TRADING…IT WOULD POSSIBLY BE A BREACH OF NATIONAL SECURITY…IT WOULD ANNOUNCE TO ALL SMUGGLERS, COUNTERFEITERS, AND OTHER CRIMINALS HOW MUCH TIME IS LEF. [post 1 of 4....stay tuned]
4-1-2015 Intel Guru DC [via Adept1] Not much has changed; we are sitting here right on the edge. In the USA and the rest of the world, the banks have reloaded the system several times in the last few days. They have done test exchanges over the last few days as well. Banks in other countries are doing so as well, mainly with test exchanges... Shabibi has done what he was supposed to do, and it’s now a matter of coordination and timing with the IMF and BIS. Banks have been sent notifications from IMF and BIS, then there was some paperwork to do, which they have completed. They then have to choose the best time...Iraq is coordinating with BIS+IMF and this should go in 4-5 days. That’s what they are briefing all over the world.
4-1-2015 Intel/Newshound Guru tman23 The CBI made an announcement giving THE GREEN LIGHT to lift the 3 zeros...Green light means GO!! Shabibi when in office said it was a 3 stage process with each stage taking approximately 6 months...Now you can speculate what stage the CBI is in. They issued orders to pull the 50 notes out of the market and will no longer honor them at the end of April. IT IS WORK IN PROGRESS. They have begun monetary reform! These are FACTS! And huge news has been the G20 with new system and codes for international settlements.
4-1-2015 Intel Guru Mnt Goat Honestly if I thought it was going to RV any time soon (within the next days or weeks) I would honestly say so but this is just not going to be the case. So Relax! We still may have a couple months. Fighting ISIS...I know for a fact that Turik, as stated in yesterday’s news from Iraq, is NOT yet free of ISIS. I have talked to many of my contacts in that region yesterday and they are all saying the fighting continues. About these RV “timeframes” we keep getting news of - Iraq council of ministers has weekly meetings and the CBI is invited. They ask the CBI to come up with 2 windows of possible timeframes to RV, if they had to. One is the first choice and the second is backup window. They do this every week and I mean every week since last October 2014. We may say this RV is in the joint hands of the CBI and the Iraq GOI but does this mean the USA still does not hold the POWER to make the final decision? Yes they do!
4-1-2015 Intel Guru Jester ...WHAT WAS BOEHNER DOING IN IRAQ... WHAT WAS MCCONNEL DOING IN IRAQ.... WHAT WAS LEW DOING IN CHINA... THE GAME IS AFOOT... I AM TOLD THINGS WILL GET INTERESTING IN THE NEXT COUPLE DAYS... I AM LOOKING FORWARD TO IT...I HAVE NOT HAD THIS MUCH INFORMATION LINING UP IN A LONG TIME... AND IF MY SOURCES ARE CORRECT... WE WILL NOT BE WAITING MUCH LONGER...I AM PRETTY EXCITED MYSELF.
4-1-2015 Newshound Guru Adam Montana It's my strong opinion that the HCL is done... in fact, just last week it was announced that there are no objections between the Kurds and Baghdad on it. They are also on the same page about boundaries. Ban Ki Moon reports that he's happy with the situation between Erbil and Baghdad. So if there are no objections, what else is there? I believe it's as simple as sorting out a few small items, such as: 1. Amending the banking laws to support CBI's actions for the increase. This has been going on for the last month, and is nearing a finish. Parliament is checking off major items in a very methodical manner. I like it. 2. Defining where the money will go when it's found. This is no different than forming a new company... you have to determine ownership in the shares etc. Again, they are making very timely progress on these things. So with the HCL all but rubber-stamped and announced in the Gazette, and Parliament still moving forward in a peaceful and cooperative fashion, I only have one thing left to say on it. Stay patient, my friends. We all wanted this to pop a decade ago, but when there's no need to panic... well, there's no need to panic! We're still in the "Go Zone", and it's just a matter of time before we're launched. [post 2 of 2]
4-1-2015 Newshound Guru Adam Montana So, what's the hold up on the change in rate?! Let's start with the stability of the rate. This is one of the key factors to the CBI actually having the ability to raise it in the first place. Throughout the last dozen years, the CBI has proven beyond a doubt that they are capable of supporting whatever rate they set. Their track record is impeccable, and when they decide to raise the value of the Iraqi Dinar, there is not one power on earth that will successfully challenge their right and ability to do so. Next we have the stability of the country that owns the currency. With the recently changed leadership in Iraq, we have witnessed an amazing spurt of progress. Under Abadi's leadership, Iraq was sprinting forward at a pace we had not seen in over 10 years! And then, suddenly...silence. It's been my opinion over the last couple months that the HCL is the numero uno factor in raising the rate. We haven't heard much on the HCL in the past month or so, and interestingly (or accordingly) we also haven't heard much about the "0's" or an increase in the "strength"of the dinar. Coincidence? I think not. [post 1 of 2....stay tuned]
4-1-2015 Newshound Guru Kaperoni ...reality is, there is no delay, other than the same process of events we are waiting on...which is the development of the economy and banking system to the point where they can begin to raise the value of the dinar. ...people forget a portion of the country has a terrorist organization stealing every nickel and dime they can to survive...that includes the banking system, the citizens, and destroying anything including infrastructure that seems to impede that greed. We all want this done...like yesterday...but the point is...they are not there yet plain and simple. ...Iraq has some work to do...and once they get those laws passed we will be in a better position for the event to start.
4-1-2015 Newshound Guru Millionday Article quote: "Managed security forces and the popular crowd, on Monday, editor of the government complex downtown Tikrit, and raising the Iraqi flag over it, as well as the liberalization of three other areas in the city occupied by "Daash" IRAQ HAS RAISED THE IRAQI FLAG IN TIKRIT AND THREE OTHER CITIES... Quote: "When he said Abadi, Secretary-General of the United Nations Ban Ki-moon, who is currently visiting Baghdad, near the announcement of final victory in Tikrit, followed by Anbar and Mosul." SO MOON AND ABADI ARE VERY CLOSE AS OF WHEN THIS REPORT CAME OUT TO ALSO BE ABLE TO ANNOUNCE THE FINAL VICTORY FOR TIKRIT AND FOLLOWED BY ANBAR AND MOSUL --- HUGE SUCCESS. THAT IS GREAT NEWS AND SUCH A BOOST FOR MORAL AND ALSO CONFIDENCE FOR THE INVESTORS IN THEIR SAFETY.
Read more: http://www.dinarguru.com/#ixzz3XCFWEaid
3-30-2015 Intel/Newshound Guru Backdoc THIS PROCESS APPROACHES CONCLUSION BY THEIR WORDS ...WITH 30% OF THE BUDGET OFFERED UP AND THE REMAINING TO BECOME LIQUIFIED IN "DAYS" AS THEY SAY! WITH A LOI APPROACHING MATURITY, THE GREEN LIGHT WILL SOON BE HISTORY!
3-30-2015 Newshound Guru sczin11 NOW WE SEE IN LAST COUPLE OF DAYS, COURT IS RULING OR HAS COMPLETED ITS RULING ON THIS CBI CLAIM...AND WHAT DO WE NOW SEE TODAY RELEASED? THE BUDGET HAS ONLY BEEN FUNDED 30%, AND THE REMAINING 70% WILL BE FUNDED IN THE NEXT FEW DAYS...PUT THOSE PUZZLE PIECES TOGETHER...WE ARE ON OUR WAY...THE NEW IRAQI DINAR, THE FOREIGN INVESTOR, THE CITIZENS OF IRAQ, AND ALL OF US...MUCH TO BE ENCOURAGED ABOUT HERE! [post 4 of 4]
3-30-2015 Newshound Guru sczin11 THEN WE WAIT FOR CBI TO FUND BUDGET...WE FINALLY SEE SOME IN COUNTRY SALARIES PAID, BUT NOTHING ON INVESTMENT OR PROJECT SIDE, WITH CONTRACTS FOR INTERNATIONAL COMPANIES, OTHER THAN ONES ON CREDIT OR WITH TERMS...SO, WE OPINE, THE BUDGET HAS NOT BEEN FULLY ACTIVATED, OR IMPLEMENTED...THEN WE READ THAT THE CBI HAS FILED A COURT ACTION, REGARDING MANY PROBLEMS THEY SEE WITH THE BUDGET...MANY ARE SPECULATING AS TO WHY THE BUDGET IS NOT BEING FUNDED BY THE CBI...HOW CAN THE CBI FUND SOMETHING THAT MAY BE FORCED TO BE CHANGED...RESULTS FROM THE COURT ACTION MUST BE RULED IN ORDER FOR THE CBI TO KNOW WHAT AND HOW MUCH THEY CAN FUND...HOW COULD THE CBI FUND A BUDGET LINE ITEM, AND THEN WATCH IT CHANGE BY A COURT RULING... BASICALLY, AN INJUNCTION AGAINST FUNDING THE BUDGET IS WHAT HAS TRANSPIRED... [post 3 of 4....stay tuned]
3-30-2015 Newshound Guru sczin11 CERTAIN BANKS TESTED IN AND OUT OF COUNTRY...BANKS TRYING TO LURE CUSTOMERS BACK IN... LAWS, BANKING AND INVESTMENT BEING READ, AMENDED, AND VOTED... PRIVATE SECTOR IS IN SPOTLIGHT..THE FOREFRONT OF MOST DISCUSSIONS RELATING TO THE ECONOMIC REFORM...CBI HAS CALLED IN OLD FIFTY DINAR NOTES...NO SECURITY WORTH TALKING ABOUT ON THEM...ONLY GIVING 60 DAYS FOR THAT PROCESS, OR CONSIDER THEM WORTHLESS...NULL AND VOID...IS THEIR OTHER CURRENCY GOING TO BE WORTH THAT MUCH MORE? THE BUDGET GETS PASSED, AND WE WAITED FOR PRESIDENTIAL RATIFICATION...FINALLY, THAT BEING COMPLETED, WE WAITED FOR GAZETTE ENTRY...THEN WE WERE TOLD IT WAS ENTERED INTO LAW...THE GAZETTE...FIRST WE HEAR PART ONE, AND THERE WERE SEVERAL PARTS, THEN WE HEAR WHOLE THING... [post 2 of 4....stay tuned]
3-30-2015 Newshound Guru sczin11 I HAVE STATED MANY TIMES, I DIDN'T BELIEVE THERE WAS ANY DELAY IN THE MONETARY REFORM PROCESS AND THAT THE PLAN WAS ROLLING OUT METICULOUSLY, AS PER THEIR DESIGN...EVEN THOUGH IT APPEARED YEARS AGO, DR. SHABIBI WAS READY TO GO WITH THE REVALUATION OF THEIR CURRENCY, ONE MUST REALIZE, EVERYDAY NEW ISSUES ARISE, AND THE BEST LAID PLAN, OF MICE AND MEN, MUST BE ADJUSTED TO CONFORM TO THE ISSUES OF THE DAY! THAT BEING SAID, WE HAVE BEEN GIVEN MANY INDICATORS ADDRESSING THE NEEDS OF MONEY, LIQUIDITY, AND THAT MANY ADVANCEMENTS HAVE BEEN MADE IN THE BANKING SECTOR... ELECTRONIC PROCESSING, E-GOVERNMENT PLAN, CUSTOMS AND TARIFFS, QI CARDS, SMART CARDS, NATIONAL DATA CARDS, MC AND VISA, RATION, AND MORE... [post 1 of 4....stay tuned]
3-30-20215 Intel Guru TNT Tony This was scheduled for Saturday; there is a schedule for this week, and we’ll see what happens. The people at the banks are ready to go, and they removed some defenses so that it can go through more smoothly. They have been practicing with the dinar and the dong, at different rates, and one person exchanged zim overseas. Cards are loaded, and the process has been explained. They are in the final phase of four...We are all just waiting for that final word.
3-30-2015 Intel Guru DC Everyone is frustrated that it didn’t go down this weekend. They haven’t backed off, they are still at a high level of readiness. Iraq announced all weekend that they are doing this, and announced that they are doing everything in dinar now, no dollars. The CBI and all the ministries are ready in Iraq, and that is being announced on the television. Everything else is just sitting there ready; nothing has changed much from Friday. CBI and Abadi’s office are telling everyone to relax, it is happening. I am watching what they are doing at CBI, the banks and the ministries, and they are all lined up. Everything is good in Iraq. The USA is waiting on Iraq and the IMF lead. There were some exchanges going through over the weekend, but those were test cases. We are glad that the system is going so well, and we are eager to get in that line. They are waiting on Iraq. Banks, security, politicians are still on high alert...
3-30-2015 Newshound Guru tlm724 Article: "Today the launch of social protection salaries" they are finally paying the people for the first 3 months of the year!" Quote: "The preparation of this meal amounted to 439 thousand and 461 beneficiaries in Baghdad and the provinces." meal means the salary. Quote: "adding that the review of the receipt of the subsidy will be through banks and the offices of smart card to card" that tells us the smart card system is running correctly this time!
3-30-2015 Newshound Guru Kaperoni Articel quote: "the rise in the dollar's exchange rate against the dinar "serve" Iraq, through the creation of the phrase "positive" variables such as the provision of new jobs and stimulate different working local production sectors, indicating that the low price is a "support" to the importer foreign national account." Looks to me like they are trying to create inflation through taxation so they can raise the value of the dinar. We can hope.
3-30-2015 Intel Guru Mnt Goat The financial or political sectors are not now the major concern of the CBI and Iraqi government in delaying the international rollout of their currency. It is now the security and the stabilization of the country that is the under laying factor. When will it all end? The government of Iraq itself has stated (I do not quote): that it could be as late as early summer before Iraq gets rid of ISIS and DAASH. Early summer is sometime in mid June...right? The good news is June is not really that far off but it could be 2-3 months before we see any chance of any real substantial movement at all in the value of the IQD currency. This is not just my opinion but now seems to be the direction Iraq is now taking.
3-30-2015 Intel Guru Jester [Have you got any updates from HP? (Guru Hocus Pocus)] I HAVE TALKED TO HER A COUPLE TIMES THIS WEEKEND...WE GOT THE INFORMATION ON SATURDAY EARLY THAT THINGS SEEM TO BE RAMPING UP WITH THE INTERNAL COMMUNICATIONS AT THE STREET LEVEL IN IRAQ...I AM TOLD THAT IF SOMETHING SIGNIFICANT HAPPENS WE WILL KNOW...JUST FOR THE RECORD...THERE ARE NO SMART CARDS BEING USED...THERE HAS BEEN NO PAYOUTS THERE... I AM 99% SURE THE INFORMATION WE ARE GETTING IS ACCURATE BECAUSE I KNOW WHERE IT IS COMING FROM... HOWEVER... THINGS ARE CHANGING SOMEWHAT AND THERE SEEMS TO BE SOME URGENCY WITH THE LOCAL COMMUNICATIONS...SO HOPEFULLY THAT IS A GOOD SIGN... I KNOW THEY ARE LOOKING FORWARD TO THIS MORE THAN WE ARE.
3-30-2015 Intel Guru EXOGEN ...THERE IS NO LIVE ACTIVATED, IMPLEMENTED, AND ACTIVATED HCL IN IRAQ AND THE KURDS ARE NOT HAPPY!
3-30-2015 Newshound Guru Millionday [Are they making HCL a law now and not just an agreement that can be broken?] THE AGREEMENT IS BEING ADDRESSED REPORTEDLY BY THE UN AND MANY OFFICIALS BETWEEN ERBIL AND IRAQI FEDERAL --- SO THE RESOLVE IN THE HCL HAS BEEN DONE IN FINANCIAL DUE TO THE BUDGET AND EXPANSION ETC -- SO THERE ARE JUST PORTIONS THEY WANT CHANGED -- NOT STARTING FROM GROUND ZERO AS WE SAW YEARS AGO. [post 2 of 2]
3-30-2015 Newshound Guru Millionday Article quote: "The Speaker of the Parliament, Salim al-Jobouri, stressed the importance to exert more efforts by the parliamentary committees to accelerate in accomplishing important laws." [What laws do you think they are referring to?] THE FINISHING OF THE HCL -- PARTIES-- FEDERAL COURT ACT --TRANSFER OF POWER TO PROVINCES AND AMENDMENTS TO THE BUDGET -- THAT IS ON AGENDA WITH THE NATIONAL GUARD LAW AND ALSO SOME OF THE INVESTMENT LAWS HAVE NOT BEEN PUT TO LAW -- ALL OF THESE LAWS WITH AGREEMENTS WILL ALL IMPACT EACH OTHER AND IMO HAVE TO BE DONE AND PUT TO LAW TOGETHER...THEY MET ON SECOND READING ON MOST AND THEY ARE WORKING TO MOVE FORWARD... [post 1 of 2....stay tuned]
3-30-2015 Newshound Guru sczin11 I AM VERY ENCOURAGED RIGHT NOW, AND AM CERTAIN THE IRAQI DINAR AT SOME TIME WILL BE ONE OF THE MOST POWERFUL IF NOT THE MOST POWERFUL CURRENCY IN THE WORLD...ANYONE THAT CAN CONTINUOUSLY STATE THERE IS NO CHANGE TODAY, AS COMPARED TO THE PAST, NEEDS TO TAKE A REALITY CHECK...
3-30-2015 Newshound Guru Aggiedad77 Article: "Jubouri meet with the heads of parliamentary committees to discuss ways to approve the pending laws" Speaker Jubouri met with heads of Parliamentary committees today and I am reasonably sure the message was loud and clear...get the lead out...and get your laws out of committee and onto the Parliament floor...enough...delays....lets see some action...he doesn't want to see things return to how they were with the former Parliament and he is trying to light some fires in appropriate places. 3-29-2015 Intel Guru EXOGEN WHAT IQD LAND DOES NOT REALIZE IS MANY PEOPLE ARE NOT GETTING PAID THEIR MONEY IN IRAQ LIKE YOU THINK! THERE ARE PROTESTS IN IRAQ RIGHT NOW OVER PAST DUE SALARIES, YET BABYLON PUTS OUT OUT MANUFACTURED STORIES THAT LEAD IQD LAND THE BELIEVE KURDISTAN IS HAPPY...THE PROBLEM IS PEOPLE ONLY READ THE MANUFACTURED NEWS FROM BABYLON, AND THEY DO NOT LOOK AT KURDISTAN REGION...KURDISTAN IS STILL NOT HAPPY. PROVINCES IN IRAQ ARE STILL NOT HAPPY. MANY OF THE MANUFACTURED NEWS ARTICLES...ABOUT KURDISTAN RECEIVING BILLIONS IS 100% B.S. AND THAT IS WHY THERE IS NO 100% FULLY ACTIVATED, IMPLEMENTED AND EXECUTED HCL. THE HCL IS AGREED UPON, BUT NOT ACTIVATED, IMPLEMENTED AND EXECUTED AND UNTIL KURDISTAN IS MADE WHOLE...THERE WILL BE NO HCL!
3-29-2015 Newshound Guru Aggiedad77 SECURITY...SECURITY... SECURITY... SECURITY... we are at that crux of things that one thing is going to cause the gelling of so many other aspects of life for the Iraqis...and it is spelled...SECURITY.....no matter how you focus....no matter where you look.....no matter what you read...one thing sums it all up...SECURITY...But we've said that for months...what makes it different today...the difference is in the actions being taken...these are exciting times and they are proving through their actions they are in control...get ready for your world to be changed and rocked in a way that may seem unfathomable...wait for it...the BEST is yet to come.
3-29-2015 Newshound Guru Chattels my sense is that Abadi is in a bit of a trick bag - he has to decide between Iranian ground "support" or American air support since neither will work with the other at the same time and then politically and economically matters are not much better - small wonder there is no " RV ".
3-29-2015 Intel/Newshound Guru Poppy3 [GCR=GLOBAL CURRENCY RESET?] CHRISTINE LAGUARD HERSELF STATED TWICE IN NATIONAL NEWS INTERVIEWS THERE WILL BE NO GCR AND THAT IT IS NOT EVEN A TERM THEY HAVE EVER USED. PURE FICTION...SHE STATED THAT COUNTRIES THAT TRADE WITH A COUNTRY THAT HAS A SIGNIFICANT CHANGE IN CURRENCY MAY BE IMPACTED TO RAISE OR LOWER TO EVEN OUT TRADE IMPACT BUT THAT IS DONE ALL THE TIME.
3-29-2015 Newshound Guru Tlar If this had been done in 2010 as Shabibi wanted to do, it would have come out at .86. 5 years later the conditions have changed. More currency reserves, a sizable amount of gold, more production, more oil reserves, less dinar, and less debt. The makings of a better stew. Had it come out in 2010 as Shabibi wanted, it would have to have increased 3x...in order to reach its potential today, hardly likely with ISIS around. I for one like the odds and am glad we are here instead of there. 3-28-2015 Intel Guru Bulldog75 ITS MY BELIEF, AND IMHO, IN MY HUMBLE OPINION, ONE OF THE MAJOR REASONS WE HAVE NOT SEEN THE REVALUE/EXCHANGE OF NEW CURRENCY RATES IS, THIS IS ABOUT THE GCR OF THE PLANET WHICH INVOLVES THE NEW GOLD AND SILVER PRICES. IMHO, WE SIMPLY HAVE TO TAKE THIS ONE DAY AT A TIME. WE PROBABLY WILL SEE THE GCR WITH THE IQN/DONG ALL AT ONE TIME. THE ODDS ARE GOOD FOR NEXT WEEK...
3-28-2015 Intel Guru Bluwolf Bottom line all data has been fed, all acceptable rates are in, based on the request of each country, this effect has taken a toll of 7 years and now has come to an end. The GCR will transpire in a question of days, the international rates are in and no outside source has the power to impose themselves over the accords of economic values of any given country. What some see are just some specific place holders and its value will change simultaneously reflected both in banks screens and forex...the rates no one has access to for they have been locked down.
3-28-2015 Intel/Newshound Guru Poppy3 WELL ANOTHER RIDICULOUS RUMOR TO HEAD OFF. RECEIVING REPORT MANY ARE BEING TOLD BANKS WILL BE LIMITING CASH IN TO A MAXIMUM EXCHANGE OF 20 MILLION. THIS...HAS NO, ZERO VALIDITY... ONE MORE THING TO DEFUNK --- obama HAS ZERO TO DO WITH SLOWING DOWN OR HOLDING THIS UP.
3-28-2015 Newshound Guru My Ladies SO WHAT DOES ALL THIS MEAN. I THINK IT MEANS THAT IRAQ IS RIGHT AT THE POINT OF ADOPTING A RATE FOR ITS CURRENCY. WE LOOK AROUND AT ALL THE GLOBAL CHANGES TAKING PLACE AND WE SEE THE BIS TELLING ALL THE CENTRAL BANKS THE SAME THING, WE SEE IRAQ BEING INCLUDED IN THE CENTRAL BANK ARENA EVEN THOUGH THEY HAVE BEEN OUT OF THE LOOP FOR 10 YEARS. [GURU] NOVA AND I THOUGHT THE DINAR WOULD CHANGE FIRST AND COME OUT AS THE SUPPORT CURRENCY AND FROM THERE CAUSE MANY CHANGES IN GLOBAL CURRENCY BUT IT DOES LOOK LIKE WE MAY HAVE BEEN WRONG. I THINK WE HAD IT BACKWARDS. FROM WHAT WE SEE AND WHAT WE READ IT SEEMS THAT THE GLOBAL BANKING SYSTEM IS CHANGING FOR SURE AND IT SEEMS LIKE IT’S CHANGING HERE AND NOW NOT LATER. SO I THINK THAT AMID THE CHAOS WOULD BE A GOOD TIME FOR IRAQ TO RE PRICE AND I THINK THAT TIME IS UPON US. IN VIEW OF THIS WEEKS EVENTS IN AND OUT OF IRAQ I THINK WE CAN ENTERTAIN A LOW LEVEL OF EXPECTATION FOR A VERY CLOSE FINALE TO THIS INVESTMENT. [post 3 of 3] I THINK WE HAD IT BACKWARDS. FROM WHAT WE SEE AND WHAT WE READ IT SEEMS THAT THE GLOBAL BANKING SYSTEM IS CHANGING FOR SURE AND IT SEEMS LIKE IT’S CHANGING HERE AND NOW NOT LATER. SO I THINK THAT AMID THE CHAOS WOULD BE A GOOD TIME FOR IRAQ TO RE PRICE AND I THINK THAT TIME IS UPON US. IN VIEW OF THIS WEEKS EVENTS IN AND OUT OF IRAQ I THINK WE CAN ENTERTAIN A LOW LEVEL OF EXPECTATION FOR A VERY CLOSE FINALE TO THIS INVESTMENT. [post 3 of 3]
3-28-2015 Newshound Guru My Ladies LET’S LOOK AT A BIT MORE, SECURITY IS THE MAIN CONCERN OF EVERYONE IN IRAQ, SO WHAT IS ON TODAYS AGENDA REGARDING SECURITY. HOW ABOUT THE UNITED NATIONS AND THE VATICAN? Article: "Conference for dialogue and peace in Baghdad tomorrow with the participation of delegations from the United Nations and the Vatican" AND THE ENVOY FROM THE UNITED NATIONS BEGINS WORK TODAY IN IRAQ AND THEY ARE GOING TO PROMOTE NATIONAL RECONCILIATION. AND NOW TAKE A LOOK AT PARLIAMENT PLEASE TODAY. Article: "House of Representatives vote on the Federal service law and end the reading of four bills". WELL CAN YOU GUESS WHAT ONE OF THE BILLS WAS? THIS IS VERY EXCITING, IRAQI FOREIGN LAW DOCUMENTS WERE READ TO ELIMINATE FOREIGN EXCHANGE CONTROLS AND LIFT ALL RESTRICTIONS BETWEEN THE COUNTRIES OF MEMBERS OF THE FREE TRADE AREA. [post 2 of 3....stay tuned]
3-28-2015 Newshound Guru My Ladies THE BIS IS INTRODUCING A NEW SETTLEMENT SYSTEM. AND THE ARAB MONETARY FUND WILL BE MEETING WITH A REPRESENTATIVE FROM THE WORLD BANK WHO WILL BE EXPLAINING THE APPLICATION OF NEW INTERNATIONAL PRINCIPLES. THIS IS VERY BIG NEWS...AND...THE COUNCIL OF MINISTERS ANNOUNCED THEY APPROVE OF THE SUGGESTION FROM THE CENTRAL BANK TO LET THE PRIVATE BANKS HANDLE THE TAXES. ON THURSDAY THE 26TH CAME THIS REPORT FROM BLOOMBERG. THIS ARTICLE IS SAYING CENTRAL BANKS IN THE HUGEST CURRENCY MARKETS WILL SEE NEW PRINCIPLES PUBLISHED ON MONDAY. WELL WHAT DO WE THINK OF ALL THIS? WE THINK WE MAY BE IN A STATE OF EXPECTATION SOON. [post 1 of 3....stay tuned]
3-28-2015 Newshound Guru Millionday [do you think the economic crisis will end by the end of this quarter?] THEY STATED THAT THE ECONOMIC CRISIS WOULD END WITHIN A FEW DAYS A DAY OR TWO AGO -- VERY INTERESTING -- I AM VERY INTERESTED IN THE CODING SYSTEM INFORMATION AND ECONOMIC CONFERENCE THIS WEEKEND -- WE HAVE NO WAY OF KNOWING A DATE THOUGH --THE CODING SYSTEM IS IRONICALLY THE INTERNATIONAL INFORMATION ON MANY THINGS BUT IT DOES TELL THE COUNTRY`S LIQUIDITY TOO. SO MANY YEARS OF PREPARATION ARE VERY COSTLY AND SHOWS MUCH MUCH MUCH DONE THAT HAD TO BE --- NOW THE INFORMATION SYSTEM SET UP FOR PAYMENT SYSTEM AND REMITTANCE AND ALL DATA CONNECTED INTERNATIONALLY? -- WE LOVE IT.
3-28-2015 Intel/Newshound Guru Backdoc THE REPRICING IS NOW UNDERWAY AND IF I'M SEEING THINGS CORRECTLY WE MAY BE ABOUT TO SEE TWO COUNTRIES COMPLETE THEIR BUDGETS AT THE SAME SYMBIOTIC TIME! WITH ZEROS DROPPED AND ON THEIR WAY TO HEROS THIS LONG TRAIN RUNNING WILL EVENTUALLY COME INTO A STATION!! TAXES, TARIFFS, AUCTIONS ENDED WITH THE NEW REMITTANCE SYSTEM IN PLACE...KURDS PAID AND FIST FIGHTING OVER THEIR FUTURE LEADERSHIP...SECURITY MASSIVELY IMPROVED...REMEMBER, THE CBI TOLD US IN MANY ARTICLES THAT SECURITY WOULD NOT HOLD UP MONETARY REFORM! INFLATION WILL CONTINUE TO EAT THEIR LUNCH UNDER THESE CIRCUMSTANCES IF THEY DON'T MOVE FORWARD! ...I SEE MANY UNUSUAL THINGS BEGINNING TO DOVE TAIL!
3-28-2015 Intel/Newshound Guru Poppy3 [what are the odds in your opinion that the rv would happen before the end of the 1st quarter so all promises Abadi has made can be retroactive to January 1st. I understand that will not be the case if rv after 1st qtr ends?] I KNOW FROM SOURCES HE IS DOING EVERYTHING WITHIN HIS POWER TO MAKE IT HAPPEN. I WILL ALSO REPEAT WHAT THE BEST IN THE KNOW SOURCE IN THE USA STATED --- HE SAID THEY ARE IN THE FINAL STAGE OF FINANCIAL REFORM AND WILL NOT STOP TILL THEY GET THERE REGARDLESS OF ISIS, DAASH...ETC. HE ALSO SAID ENDING A QUARTER OR HOLIDAY OR RELIGIOUS DAY ETC WILL NOT HAVE EFFECT...THAT WHEN THEY COMPLETE THEIR STEPS THEY WILL THAT DAY RELEASE THE RATE. PERIOD. THAT SAYS IT ALL TO ME AND I AM ENCOURAGED AND VERY RELAXED THAT THE END IS NEAR TO US. HEARING THEY WILL NOT STOP TILL WE ARE PAID SOUNDS LIKE THE BEST NEWS WE COULD HEAR. NO NEED TO WASTE TIME TRYING TO FIGURE IF THIS OR THAT IS THE HOLDUP BECAUSE NO ONE THING IS AND ONLY THEY KNOW THE STEPS STILL NEEDED.
3-28-2015 Newshound Guru Millionday Article quote: "Central banks in the world’s biggest currency markets will publish on Monday principles of behavior and ethics for foreign-exchange trading..." ACCORDING TO THIS WE ARE GOING TO SEE NEW REGULATIONS FOR FOREIGN EXCHANGE -- I EXPECTED SOME NEW REGULATIONS AND HAVE HEARD OTHERS BRING IT UP AS WELL -- THIS IS VERY INTERESTING TO SAY THE LEAST -- VERY INTERESTING TO SEE THAT THE GOAL IS TO COMPLETE THIS BY THE END OF THIS MONTH. Quote: "The Wall Street Journal earlier reported that central banks had agreed on a set of guidelines for the currency market. It said that the principles would ban traders from sharing client identities and information and disclosing data that could allow someone to deduce that information." SO AS WE READ HERE -- THEY HAVE AGREED ON REGULATIONS TO PROTECT THE INVESTOR... 3-27-2015 Intel Guru DC Iraq is absolutely ready, they have prepped more bankers, and they have announced it in the mosque (again) saying it’s happening this weekend, with details on the radio and internet sites. They increased some of their payments in Baghdad. Prevailing wisdom is that they have pushed that as far as they can and the next round is the whole public release. The interior ministry is good, prepared and ready, and so is the finance ministry, CBI and Abadi’s office. They have been briefed on the global plans. Parliament has met all week, and they are voting on minor laws and tweaking/updating the HCL. Is that what they’re waiting on? According to their treasury and ours, and a few other financial sources, yes – but others say we are not. In the US...Banks and everyone else is ready. On the political front, some folks in the administration are strongly of the opinion that as soon as Forex closes for the weekend, this will happen... We are hearing that from US, European and some Asian banks. They say they are fully prepped for this weekend. They would not be calling people in if they were not planning to start tonight. The rate is still moving up slightly in our favor. Dinar: $3.91- 4.10, zim .13 to .18, decided last weekend. Iraq is ready for any moment from this evening onwards. Some believe it will happen after the HCL tweaks tomorrow evening in Iraq.
3-27-2015 Intel Guru TNT Tony There is so much intel to be excited about! It’s been a good week in Iraq. They have finally lined up all their banks, and in the mosques they said the financial crisis will end for all Iraqi citizens this weekend. The Parliament is supposed to briefed on what will happen before it occurs. They can do the RI before the briefing or the other way round. Everyone is geared up and it’s scrolling on the television. They have changed the rate slightly from $3.91. The dinar has been seen at $4.10 on some screens right now. We have seen dong at $1.57 to $1.77, and zim at .15 to .18 minus six zeroes. In Iraq, they are saying the financial crisis should be over for every Iraqi citizen this weekend. They are supposed to briefing everyone by Saturday morning on the final process of phase four. It could be sooner.
3-27-2015 Newshound Guru Bondlady Article: "Bakhtiar Titanic: Kurdish forces did not agree so far on a candidate for the presidency of Iraqi Kurdistan" this is good because they really really want that HCL law, so much so that they broke into a fight over who will represent the Kurds as pm to get it done. Barzani said let me continue so I can pressure Baghdad to do it, the others want no more terms, basic dictator if more than 2 terms and Barzani or his family have been in office over 50 years.
3-27-2015 Newshound Guru Millionday Article quote: "The national working to convene an international conference on Iraq, with the participation of a large number of countries, in order to promote a new strategy for the region and the development of international cooperation among the participating countries the conference." THIS IS NOT JUST ABOUT THE MILITARY ACTION...THEY ALSO ARE GOING TO BE ADDRESSING THE ECONOMIC HUBS OUT OF THE CRISIS -- [COULD THIS BE PART OF THE NATIONAL RECONCILIATION MEETING?] YES THIS COULD... [what is that National reconciliation meeting?] IT IS THE ADDRESS OF THE NATIONAL RECONCILIATION DOCUMENT AS IT WILL BE PRESENTED TO THE GLOBAL ENTITIES THAT ATTEND -- IT IS A WRITTEN DOCUMENT OF THE NEW IRAQ AND THE SIGNATURES THAT HAVE BEEN GIVEN IN AGREEMENT FOR PEACE AND PLANS ACCORDING TO WHERE IRAQ`S FUTURE LIES.
3-27-2015 Newshound Guru Kaperoni Article quote: "In the past, there was a difference between the two rates: the official price and the market price, but this difference was within the universally accepted standards, the 2% up, whereas the current difference is the 7% up to - 8%..." This is a pretty good confirmation article of what they should be doing vs, what they really are doing and the fallout as a result. No matter what the excuse, 8% or higher market rate spread is unacceptable and needs to be corrected soon. Since they probably won't be going to IMF Article VIII anytime soon (not in compliance) and Dr. Bakri implied in my interview that they will strengthen the dinar before Article VIII, hopefully they will use this time wisely and begin the process to correct the nominal exchange rate more in line with the dollar. It's always good to have confirmation that what we present and study is correct. No matter if good or bad.
3-26-2015 Newshound Guru Millionday THE ENTIRE INTERNATIONAL CODING SYSTEM HAS BEEN REDONE AND IS BEING PRESENTED AND SHOWN TO ARAB REGION ON SATURDAY AND PARLIAMENT HAS THE HUGE LAWS ON THE TABLE THIS WEEKEND FOR SECOND [READING] -- THAT PREPARES THEM FOR ACTIVATION THROUGH VOTE WHEN THEY ARE PREPARED. THE SECOND READING OF MOST SHOULD BE SAT ACCORDING TO AGENDA --- AND THEN WHENEVER THEY ARE PREPARED THEY WOULD VOTE THE NEXT MEETING.
3-26-2015 Newshound Guru Kaperoni Reading these older articles can really get one excited when you see the current progress and how it relates to statements made in these older articles. I do believe we will begin to see change this year, but first we need some laws...I would like to see the new securities law, along with the economic laws and banking laws. And finally, Dr. Bakri seems confident...that the plan discussed in his paper (which raises the value) will be implemented by the CBI when the conditions are right. That seems to be coming soon since the announcement on March 3rd, 2015 giving the green light. [post 2 of 2]
3-26-2015 Newshound Guru Kaperoni Economist Report: "Proposal to raise zeros from the dinar Ala a paper" "A. M. D. Jawad Kazem al-Bakri" This...was published...June, 2011. I have read his report over and over again...and find that this report is confirmation that the dinar will appreciate in value. Though his references imply a near 1 dinar to $1 example when buying goods, it does not say it would be achieved "overnight", in fact he says through...a study and sound policy. Therefore I continue to believe the dinar will float up in value based on economic investment. This theory was further supported a few weeks ago when Dr. Salam Smeisim mentioned floating the dinar. [post 1 of 2....stay tuned]
3-26-2015 Newshound Guru Millionday [Do you believe we are still waiting on any laws before an RV can happen?] I DO BELIEVE THAT SOME OF THE COMMERCE LAWS AND INTERNATIONAL LAWS ARE NEEDED BUT THEY HAVE MADE IT SO CONFUSING WITH WHAT IS DONE AND WHAT IS BEING DONE OR EVEN WHAT IS IN A BASKET -- ON THE SHELF OR UNDER THE BED THAT IT HAS BECOME VERY HARD TO FOLLOW THE ECONOMIC LAWS. [ I thought we might hear the CBI say parliament needs to pass laws if they were needed?] THEY HAVE NOT REPORTED SOME OF THE LAWS THAT ARE OBVIOUSLY DONE -- AND STATE THAT THE ERBIL AGREEMENT IS ACTIVATED BUT SOME OF THE HCL IS STILL BEING AGREED UPON? -- IT IS RIDICULOUS.
3-26-2015 Intel Guru TerryK [could they be rolling out the rv 1 section...at a time?] I DON'T THINK THEY CAN HAVE ONE PART GET INCREASE IN VALUE AND ANOTHER NOT. YOU WOULD HAVE MASS PEEPS GOING INTO THAT SECTION. THAT WOULD BE LIKE KENTUCKY GETTING OUR DOLLAR AT 1.50 AND OHIO AT .50. IT DOES NOT WORK THAT WAY...IT JUST DOES NOT. [Any news today on when we might see this?] I'M THINKING FRIDAY NIGHT. [...they are again talking about investment law and the necessity for it before anything will happen?] THOSE LAWS ARE ON THE BOOKS FOR SATURDAY ...WHAT I WAS TOLD YESTERDAY.
3-26-2015 Intel/Newshound Guru tman23 Article quote: "On Wednesday, UN economic advisor and special representative of the UN Secretary General for Iraq Ashraf Abdua’al visited Erbil, capital of the Kurdistan Region. During his visit he met with KRG Finance and Economy Minister Rebaz Hamlan to get an idea of the size of the problems facing the Kurdistan Region and discussed the impact of the shortfall on the region. According to an announcement by the ministry, Abdul’al told Hamlan that they are attempting to resolve the financial dispute between Erbil and Baghdad. Abdul’al said that in the coming days, they will discuss the situation the officials from the World Bank and International Monetary Fund (IMF), and set out the financial needs of the Kurdistan Region." THIS NEWS IS BIG WITH REGARDS TO MONETARY REFORM...WE HAVE NOT WITNESSED THE IMF OR WORLD BANK DEALING WITHIN THE KURD GOVERNMENT UNTIL NOW... YOU CAN'T HAVE $$ REFORM WITHOUT UPDATING AND EDUCATING THIS REGION WITH THE CHANGES TO BE IMPLEMENTED BY THE CBI AND NOW WE HAVE INK.
3-26-2015 Newshound Guru Shredd Article: "Appearance Saleh warns of deterioration of the dinar and rumors denied" Saleh is basically saying to the people that things are under control, the central bank knows what it is doing, we have a plan and we need to control the exchange mechanism. aka; "It's all good, we got this".
3-26-2015 Intel Guru Hub ...the rv will occur when Iraq moves to a world wide provider of products and services, eco 101, all the laws put the govt in place for security and protection, but until the economy opens to a free international market you wont see an rv. Look at any other import export economy in the world and they have a valued, internationally traded currency. Look at any county with a worthless currency and you will see zip in the trade column...with out world trade no need for valued currency...they can law them selfs to death, but until the markets open, no need for a tradable currency.
3-26-2015 Newshound Guru Millionday Article quote: "...economic Academic Dr. Majid Baidhani to accept a large audience of traders stock in the stock market on the acquisition of government bonds by the Ministry of Finance plans to launch soon." WE HAVE SEEN IN MANY REPORTS --- BONDS BEING LAUNCHED SOON -- THEY ARE REPORTING THEY ONLY NEED ONE MORE CREDIT RATING...THERE ARE THREE... "Fitch, Moody's and Standard & Poor's" IS THE LAST OF THE THREE TO REPORT THE CREDIT RATING FOR IRAQ -- THEY NEED THE THIRD AND ARE STATING HERE THAT THIS WILL ALLOW INVESTMENT COMPANIES AND ALSO ACCESS TO CAPITAL MARKETS -- THAT IS CURRENCY MARKETS... THESE ARE GLOBAL/INTERNATIONAL BONDS -- THEY REQUIRE THE MOVE TO A TRADABLE CURRENCY. WHOOOPOW!
3-26-2015 Newshound Guru sczin11 I HAVE NEVER EVER THOUGHT THERE WAS A HOLD-UP, AND THE MORE WE SEE HAPPENING, THAT WE DIDNT EVEN KNOW ABOUT, THE MORE I AM CONVINCED, THEY KNOW EXACTLY WHAT THEY ARE DOING... REMEMBER, "WE DON'T KNOW, WHAT WE DON'T KNOW!"...WE THINK WE ARE THERE, AND A NEW LAW GETS BROUGHT TO THE TABLE...DOES THAT MEAN WE NEED THAT LAW...I BELIEVE NOTHING IS NEEDED FOR THE RAISING OF THE VALUE OF THE DINAR, AND THE MOVE TO THE INTERNATIONAL OPEN MARKET ECONOMY...IF INVESTMENT LAWS ARE NEEDED TO LURE INVESTORS, DOESN'T MEAN THEY CAN NOT COMPLETE MONITARY REFORM, AND LAWS TO FOLLOW...
3-26-2015 Newshound Guru Tlar Iraqi leadership is not incompetent as they might seem at times. They just have a monumental task in front of them... Iraq will install Monetary change. The delete the zero program will be activated this year and security will come to the country. Those are the knowns. What is left as always, is the when. Iraq is very close as articles have told us. How close? That is the question. The intel says we are very close but as always we wait. We are coming on to the end of the first quarter by Tuesday of next week - March 31st. It is at that time the CBI will make a strategic decision of whether to do it now or continue to wait. If they pass the 31st, they cannot go back. In other words if the 31st comes and goes they have lost their opportunity to retroactively take this back to the first of January 2015 because the second quarter will have begun. If they pass this opportunity it removes the pressure on the CBI in one respect. The CBI under Shabibi always felt it would be best to do this at the beginning of a year. It doesn't change a thing though if they bypass this opportunity at this time. Iraq is working hard and will change its monetary system as well as its economic system this year. You have seen this in article after article. So don't get too discouraged and certainly don't give up. We are close. I stand by the intel - over $3.00 and this year - maybe the end of this quarter.
3-25-2015 Intel/Newshound Guru Poppy3 [any news on WTO?] I VERY MUCH EXPECT THAT WILL HAPPEN ALMOST SIMULTANEOUSLY WITH THE NEW RATE. I DON'T BELIEVE THEY WOULD BE ADMITTED AS A FULL MEMBER WITH 1166. THEY COULD BUT AT THAT RATE WOULD BE OF ZERO BENEFIT TO THEM OR ANYONE.
3-25-2015 Intel Guru Terry GOT WORD YESTERDAY THAT WE ARE TO SEE THIS BEFORE THE 1ST WHICH WOULD GO WITH THE INFO IM SEEING ABOUT THREE LAWS BEING BROUGHT FORTH. MONIES THAT WERE TO BE PAID TO A CERTAIN GROUP DID NOT REACH THEM AND WHAT I WAS TOLD IS BAGDAD HELD THEM TO PAY SALARIES AND NOW THEY ARE IN A BIG PICKLE AND HAVE TO DO THIS LIKE NOW. SO ABADI IS MAKING COMMITMENTS THAT HE CANT DO SO HE IS PULLING FAVORS TO PUSH THIS...WE SHALL SEE.
3-25-2015 Newshound Guru Adam Montana Here we are...another Wednesday...and I know what most of you really want to know. You don’t care about the HCL, the GOI or the CBI...heck, I’m there with you. The question is simple: DO I GET THE CHA-CHING THIS WEEK OR NOT?! Well, my friends...not YET...I can only relay what I'm hearing and feeling based on my contacts, the conversations I have with them, and then also the news that we all have access to. So, here goes. There is not an HCL in place yet. Don't start kicking things! I said “we don't have an HCL” at this moment. It IS coming! This whole thing is coming to a head. It simply can NOT keep being delayed. Wheels are in motion, and the snowball is rolling DOWNhill.
3-25-2015 Intel Guru DC In Iraq, everyone is ready to go, announcing it on their television that the financial crisis will end within the next few days. Everything is ramped up, and in all the ministries, the CBI and Dr Abadi’s office, everyone is ready. The exact time and day are only known by the PM and Dr. Shabibi. He has been reassuring everyone around the world that it will get done, to stay ready. They have nearly completed what they are doing in Tikrit, really breaking the back of ISIL. Even on television, they are saying that the financial reforms will be done in the next day. All the ministries are on high alert, waiting for the word from Abadi and Shabibi. Banks worldwide are coordinating and ready for that as well. Banks in the US and around the world have been on high alert, ramped up and ready to go. Iraq is absolutely ready and everyone is on the highest level of alert because they anticipate it going now.
3-25-2015 Intel Guru TNT Tony I don’t think we’ll get out of this month, because news is saying any minute, hour, or day. Their television is scrolling “economic reforms will be done for all citizens of Iraq” and that is being shown here in the US on Iraqi stations, which are usually two days behind events in Iraq. We have contacts in Iraq saying that has been done in-country, with a rate of $3.91 or slightly higher. It’s happened over there, but it is being revealed in stages. We always thought that it would be revealed everywhere at the same time, but they have decided to reveal it in controlled stages. We are not waiting for the RV and GCR to happen – it’s already happening. Too many people are being exchanged or given appointments right now, here and around the world. This is a good thing! ...in Iraq they expect this any time within the next few days.
3-25-2015 Newshound Guru Aggiedad77 Article: "Appearance Saleh warns of deterioration of the dinar and rumors denied" I think it is important to recall PM Abadi's background...very much heavy on the side of financial wisdom...the former head of the Financial Committee in Parliament I believe...you don't see him dancing with the Finance Committee pointing fingers at the CBI...no he chooses to meet with the governor of the CBI and backs the belief that the CBI needs to be independent of the government...they have their own governance to stand on...proudly...Dr. Saleh has been there and wore that CBI t-shirt, he understands the role the CBI has in Iraq's future...neither of these gentlemen are siding with the Finance Committee at this stage of their game....pay close attention to what both of them say and do...one is the spokes person for the other...the one has the clout in his hand to change things...what for change to evolve soon for Iraq...IMO.
3-25-2015 Intel/Newshound Guru Poppy3 there are laws that need passing but according to CBI the one's pending to be put is action as law don't effect the CBI giving the green light to turn the new RATE LOOSE. ABADI'S GOI NEEDS CASH FLOW DESPERATELY, HE HAS MADE THAT VERY CLEAR AND THE NEW RATE IS THE ONLY WAY LEFT TO PROVIDE THOSE FUNDS. WE ARE LOOKING VERY GOOD AT THIS POINT.
3-25-2015 Intel Guru Frank26 [via FrostyTheSnowman] The governor of the CBI and PM Abadi are still talking...SECURITY is extremely important! The SECURITY within the CBI...meaning the “laws”...there are like 1,500 or more...many will become active once the budget is opened. Why isn’t the budget open? We don’t have a rate yet. In the meantime, all of the math is being done on the CBI spreadsheet. The slate was cleaned...completely wiped clean mathematically. Are we going past March? We don’t know but we don’t think so. We don’t know a date/rate.
3-25-2015 Newshound Guru sczin11 WE KNOW PROGRESS IS CONTINUING...I KNOW MR [MONETARY REFORM] IS IN PROCESS... I JUST AM NOT CERTAIN HOW OR WHERE WE WILL SEE IT FIRST...WHAT I DO KNOW, IT WONT BE IN AN ANNOUNCEMENT BEFORE IT HAPPENS... WE MUST ALL STOP AND REALIZE, ONCE AND FOR ALL...NO-ONE KNOWS DATE...AND IF THEY WANTED US TO KNOW, THEY HAVE HAD NUMEROUS OPPORTUNITIES TO DIVULGE...THEY HAVENT, AND WONT...YOU MUST REALIZE THAT THE CBI WILL SHOW THE RATE, THE FOREX WILL SHOW A BUY AND SELL PRICE, AND THE BANKS WILL ALL SHOW THE EXCHANGE RATES THEY ARE OFFERING, JUST LIKE THEY DO NOW FOR THE DONG, EURO, AND OTHERS...
3-35-2015 Newshound Guru Millionday "...the decline in oil prices to unprecedented levels form a major challenge for the government and ministries of the state in the implementation of its development, noting the current financial crisis will be gone within the next few days..." THE ECONOMIC CRISIS -- WILL BE GONE IN THE NEXT FEW DAYS! NOW THAT WE LIKE. THEY PLAN TO RESCUE THE NATIONAL ECONOMY AND NO OIL PRICE OR TERRORISM WILL STAND IN THE WAY OF THE PROGRAM FOR THE ECONOMIC RESCUE -- WHOOOPOW. [COULD THAT MEAN AN RV?] THAT COULD INCLUDE THE ECONOMIC REALITY FOR THE MARKET ECONOMY THEY HAVE AS A GOAL...
3-24-2015 Intel/Newshound Guru tman23 The Kurd delegation coming to Baghdad to "restructure the agreement"... Lets just say... the Kurds are not coming to renegotiate anything...The Kurds need 1.2 billion per month and this is NOTHING NEW...Kirkut is told they will begin receiving $2 per barrel starting April...and they are set to deliver 400k barrels per day...Kurds consider Kirkut part of their territory...Point here is...lots of confusion and with Mustafa in Baghdad for the Kurd region before the arrival of the delegation...Abadi and team best have the ultimate game plan and offer...Again all eyes should be on the Kurds. 3-24-2015 Newshound Guru Kaperoni Article: "Government agrees to accept the proposal of the central instruments of private banks to taxes and fees" I remember back to early March when Allaq said he was giving the "green light" to delete the zeros...he said..."this process will be preceded by regulatory and administrative operations" Sure looks to me like they are putting those procedures in place now.
3-24-2015 Newshound Guru sczin11 I AM MORE ENCOURAGED ABOUT THE FACT THAT ABADI MET WITH CBI GOVERNOR PRIVATELY, FIRST TIME I EVER SAW SOMETHING LIKE THAT, THEN I AM ABOUT THE "TRANSLATIONS" OF WHAT WAS DISCUSSED...THE TRANSLATIONS CAN BE VERY AMBIGUOUS...BUT WHY PRIVATE MEETING AT ALL, AT THIS TIME? THAT IS EXCITING.
3-24-2015 Newshound Guru Kaperoni Article quotes: "Iraqis Economists Association predicted, Iraq was able to overcome its financial crisis... "...that the government, despite its preoccupation war and military operations against terrorist groups, but it has developed an economic program aimed at development and emerge from the current financial crisis." ...there are several ways to overcome a financial crisis...such as the sale of bonds, increase in oil exports, price changes, etc. ...we know the solution is opening the market economy. Clearly there is a plan and Abadi appears to be determined to make sure it succeeds. Where exactly currency reform fits in that strategy is unknown...but it is required for a market economy to succeed so it is coming. I personally do think that the meeting between Abadi and Allaq was important and what was discussed appears to be very private as in the past when such a meeting would occur, usually some staff accompanies. Personally, I continue to believe laws must be passed before the CBI will make any moves and this ISIL war needs to be more under control.
3-24-2015 Newshound/Intel Guru BGG Article quote: "Prime Minister, Dr. Haider al-Abadi, received in his office on Monday, the governor of the Central Bank on the Keywords. During the meeting, they discussed the work of the central bank’s strategy for the coming period and the control of the Iraqi dinar exchange rate against foreign currencies." That statement is so powerful. Apparently they intend to have dinar exchanged against foreign currencies...not just a foreign currency...foreign currencies...plural...it means international. I think the CBI governor is feeling the heat right now...will he play ball or will he be removed? It was a one on one meeting and the fact that they are meeting and talking in that context is fantastic.
3-24-2015 Intel Guru DC WE DON'T KNOW THE DATE OR TIME...IT VERY WELL COULD BE TODAY OR WHATEVER!
3-24-2015 Newshound Guru Millionday Article quote: "Prime Minister ", received in his office today, Governor of the Central Bank on the Keywords," noting that "During the meeting, they discussed the work of the central bank's strategy for the coming period and the control of the Iraqi dinar exchange rate against currencies foreign." THIS IS A MEETING WITH ABADI AND CBI GOVERNOR. ABADI IS STRESSING THE INDEPENDENCE OF CBI BUT IS STATING THAT THE ECONOMIC AND FINANCIAL REALITY AND ALL POLICIES NEED TO BE MOVED FORWARD TO REACH THEIR GOALS.
3-24-2015 Intel Guru TNT Tony [via Already Blessed] EVERYTHING IS LOOKING GOOD AND MOVING... HANG ON! ...IT IS STILL OUR WEEK!
3-24-2015 Newshound Guru Millionday THIS WILL CHANGE THE WAY THAT ECONOMIC DATA IS DONE WITH FINANCIAL IMPACT A NEW CODING SYSTEM. I THINK THAT THE REFORMS MAY HAVE BEEN RELIANT ON THE NEW SYSTEM AS IT WOULD NOT BE SMART TO ACTIVATE THE OLD SYSTEM WHEN THE NEW SYSTEM WAS ABOUT DONE --- SO LOOKS LIKE THIS WAS IMPORTANT TO BE DONE BEFORE IRAQ ECONOMIC REFORMS OR EVEN COUNTRY REFORMS. [post 2 of 2]
3-24-2015 Newshound Guru Millionday Article quote: "A statement by the Arab Monetary Fund, seen by the "morning" will participate in the meeting of the World Bank representative...it is scheduled to attend the President of the Board of Directors overseeing the coding system Consolidated global legal related Council financial stability, which will give a presentation about the new coding system and its impact on payment and settlement systems." THE MEETING THEY ARE TALKING ABOUT IS HUGE AND IS ABOUT THE IMPLEMENTATION OF A NEW SYSTEM IN THE INFRASTRUCTURE FOR CAPITAL MARKETS AND THIS IS ISSUED BY BIS (BANK OF INTERNATIONAL SETTLEMENTS). THIS INTERNATIONAL CODING SYSTEM WILL BE PRESENTED TO SHOW HOW IT WILL BE IMPLEMENTED AND ALSO ITS IMPACT ON THE ARAB REGION. [post 1 of 2....stay tuned]
3-24-2015 Intel Guru Jester THE FACT OF THE MATTER IS THE INFORMATION I RECEIVE IS THAT EVERYTHING IS DONE THAT NEEDS TO BE DONE...THAT THERE IS NOT ONE OTHER THING THAT NEEDS TO BE DONE...SO THAT LEAVES ONE THING LEFT... WHY IS IT NOT MOVING FORWARD? THE US IS THE HOLD UP. MY SOURCES SAY THERE IS NOTHING LEFT TO DO...EXACT WORD WERE ACTUAL...NOT ONE THING LEFT TO DO...
3-24-2015 Newshound Guru sczin11 WHAT MANY DO NOT UNDERSTAND, IS THAT THE RAISING OF THE VALUE OF THE DINAR, AGAINST INTERNATIONAL CURRENCIES, THE PAIRING IF YOU WILL, HAS LITTLE DIRECT EFFECT ON THE IN COUNTRY CITIZENS...FOR EXCHANGE PURPOSES...THE CITIZENS WILL REAP THE BENEFITS, WHEN THE COSTS OF THEIR GOODS PURCHASED ARE REDUCED, AS A RESULT OF LARGER PURCHASING POWER BY THE IMPORTERS...
3-24-2015 Newshound Guru Kaperoni Article quote: "The head of the House of Representatives has called for a conference with friendly countries to get Iraq out of its economic crisis" ...these economic conferences are a waste of time and money. Until Iraq passes the laws for economic and banking support, the market economy is stalled. Rather than hold these conferences asking everyone to help, turn to parliament and find a way to get the job done.
3-24-2015 Intel Guru Frank26 Today the GOI and CBI work together...the governor of the CBI (whoever that is) and Abadi got together and Abadi tells him maybe I should be in control of the IQD mechanism. I’ve never seen the PM and the governor of the CBI discuss these facts and add value to their currency and talk about the mechanism to do it. ...the governor of CBI in my strong opinion is Dr. Shabbi. The head of the CBI and the GOI met together. They need to be Article 8 compliant. They need to add value to their currency! If you take everything I’m saying right now and literally put it all across a piece of paper you will see an evolution a growth pattern leading to adding value of the IQD and Article 8 compliance! We now have 2 leaders working on the mechanism to lift the zeros! It doesn’t get any better than that! [post 3 of 3]
3-24-2015 Intel Guru Frank26 The Finance Committee said that the IQD is collapsing...if this country [Iraq] does not comply with Article 8 very soon it will collapse! Abadi basically said [in Germany] that “I want the RI/RV but we need to see peace and security in our neighborhoods first.” Abadi wants Article 8 compliance! ...there may be no RI/RV until ISIS is secured and we see security. The international community got the message. Security is taking charge! ISIS is being choked. We are much farther along than most people think! Meanwhile the IMF praises the steps that Iraq is taking. [post 2 of 3....stay tuned]
3-24-2015 Intel Guru Frank26 [via Frosty the Snowman] Everything is going in the direction to add value to the IQD. They cleaned-off the 1166 rate on the spreadsheet and we were excited! [Guru] Delta told us to pay attention to the Bank of Baghdad who was making some amazing announcements. The Bank of Baghdad is literally telling the international world and the citizens of Iraq that we are going to take good care of you...we’ve got some good services for you...some good products for you, etc. All of that ain’t true. There’s no liquidity. Yes they have a new technology system but none of it is realistic until they comply with Article 8 and raise the value of their currency! [post 1 of 3....stay tuned]
3-24-2015 Newshound Guru sczin11 YOU MUST CRAWL BEFORE YOU CAN RUN...(TO THE BANK)...WE ARE SEEING STEPS IN A METICULOUSLY PLANNED OUT PROCESS...FOR 2 MONTHS NOW, MR [MONETARY REFORM] HAS BEEN IN PROCESS... JUST BY THE RELEASES WE HAVE SEEN, THAT IS OBVIOUS...WE DON'T KNOW THE LAST STEP, WE DON'T KNOW WHEN, BUT WE MUST BE ENCOURAGED...Quote: "Mr. Prime Minister, Dr. Haider al-Abadi, received in his office on Monday, the governor of the Central Bank on the Keywords. During the meeting, they discussed the work of the central bank's strategy for the coming period and the control of the Iraqi dinar exchange rate against foreign currencies" WHEN HAVE WE EVER SEEN A MEETING IN THE PM'S OFFICE WITH THE CBI GOVERNOR, DISCUSSING EXCHANGE RATES?
3-24-2015 Newshound Guru Millionday [Do you think they are working behind the scenes and are farther long then we think?] YES -- I THINK THAT BY THE TIME THE NEWS HAS BEEN IN SOME INSTANCES -- APPROVED-- IT IS A COUPLE DAYS LATE AND WE HAVE SEEN THAT AS WELL -- ALSO...FOR SECURITY PURPOSES --- I WOULD SAY THAT MANY ARE LATE IN REPORTING AS FAR AS MILITARY ACTION AND MOVEMENT OF PEOPLE AS WE HAVE SEEN IN THE PAST. ALSO -- WE HAVE SEEN LAWS GO TO PARLIAMENT AND NO COMMENT FOR A WHILE AND THEN THE ACTION OF THAT LAW IN THE NEWS.
3-24-2015 Intel Guru TD After a long drought of no information from my Kurdish friend I reached out to check on the rumors that an "RV rollout had begun ". Of course as usual treat ALL you hear or read as rumor and please due your own diligence. He humored me by calling a few contacts in different provinces of Iraq and no one including bankers know of any such claims. ...he indicated that Abadi's government is complying with terms reached with the Kurdistan region including timely payments. The major push this spring/summer against ISIS remains the main and only focus of action and other social, economic and monetary reform programs are being worked through but simply on a planning and development basis with implementation on most to be further evaluated and implemented later this year as conditions on the ground warrant any rollout. Right now and near term addressing the security and stability situation of the country is priority ONE. Don't expect much else for months to come.
3-23-2015 Newshound Guru Millionday [do you see Iraq waiting on other Global economic moves and strategy before they RV or are they simply on their own timeline acting independently?] I THINK THAT THIS WILL HAVE A GLOBAL IMPACT DUE TO THE MARKET ECONOMY THAT IS THEIR GOAL ALONG WITH THE WTO THAT MANY COUNTRIES ARE A PART OF -- THE EMERGING ECONOMIES MUST HAVE AN IMPACT OR THEY NEED TO GO BACK TO THE DRAWING BOARD BUT -- THIS ONE HAS BEEN ANNOUNCED TO BE AN EVENT THAT WILL IMPACT THE GLOBE AND THERE ARE MANY REFERENCES TO AGREEMENTS IN TRADE AND ALSO THE ISX HAS BEEN HOOKED TO NASDAQ SO THE AVOIDANCE OF AN IMPACT CANT BE DONE -- SO I THINK AN IMPACT NOT A RELIANCE.
3-23-2015 Newshound Guru Kaperoni The bottom line is Allaq has his hands tied right now...until the GOI gets parliament to set the stage (pass the laws of economic and banking) for investment and investors, the CBI cannot float the dinar. They work hand in hand to drive the exchange rate up..and so we wait. This is not new, we have been saying this for a very long time. Article quote: "Mr. Prime Minister, Dr. Haider al-Abadi, received in his office on Monday, Governor of the Central Bank, Mr. Ali relationship. During the meeting, they discussed the work of the central bank's strategy for the coming period and the control of the Iraqi dinar exchange rate against foreign currencies." I was thinking about this...usually when there are meetings like this a few more players are involved. One on one with the PM is probably very sensitive in nature...which IMO is a good sign. We may be close.
3-23-2015 Intel Guru TerryK HEARING A LOT OF GOOD STUFF...BRACE YOURSELF...IM GETTING INFO DUE TO PARLIAMENT NOT MEETING TOMORROW AND COMING BACK SATURDAY THIS MAY PUSH OUT...THEY ALWAYS SAY SATURDAY NIGHT FOR THEM TO CLICK AND WITH SUNDAY BANKING DAY IN IRAQ MAKES SENSE. IM THINKING NO LATER THAN THIS WEEKEND BASED ON THE PARTY BOYS NOT COMING BACK UNTIL SATURDAY. 1.09 DONG...WHAT IM HEARING.
3-23-2015 Intel/Newshound Guru tman23 ...I am looking to see what takes place before April 2...because it starts a new quarter...and I do not believe they will RV in the middle of a quarter...They have said as much in past articles (lift the zeros).
3-23-2015 Intel Guru TNT Tony [via Adept1] On Saturday there was an article saying Dr. Abadi will activate the private sector on Tuesday. On Sunday, there were announcements in the mosques explaining how their cards would operate in Iraq and overseas. ON Thursday, there were letters saying their cards would be activated at $3.91 on Monday, and that didn’t happen so far today. People we talked to today in Iraq said they are expecting this any moment, and on television they showed the celebrations all weekend. They also said that tomorrow they will briefed on new rates of Iraq to dollars. We are in a good place so far as Iraq is concerned. So senior people are sequestered, and everyone else is being called in including security. Everyone is excited and on their toes because they are anticipating this happening today, tomorrow… this is right now, and the information can change in an hour. It changed five times yesterday! But we are ready to go right now.
3-23-2015 Intel Guru DC [via Adept1] Bottom line, it’s phenomenally good...it should have happened this weekend. But they didn’t send everyone home, they just pushed it back 24-36 hours. Everyone is still in place.... everyone is on the highest of high alerts because this is getting done. Iraq continues prep work, and it’s been public in the mosques. They have said there will be re-instatement or revaluation of their currency in the next day or two, and some have said Tuesday in the mosques. The rest of the cards were supposed to be activated for the general public at $3.91 by today; that has not happened. The rates are the same as we talked about last week. There have been announcements from the finance ministry and Dr. Abadi’s office that private sector will be activated on Tuesday.
3-23-2015 Newshound Guru Shredd I agree Saleh is on board for what is obvious to be Abadi's plan to economically move Iraq forward...it's crystal clear there must be solid protections for investor money before investment can come into iraq. the concerns around security will continue but that must be mitigated with assurances that investors aren't going to lose their butts. all the news we've seen over the last few months is pointing to that... investment insurance, fx protections, account balance protection and high returns will give comfort to investors risking their principal cash...this all plays into the "internationally accepted/recognized dinar"...
3-23-2015 Newshound Guru sczin11 They have stated they want full accession to the world trade organization...we see progress there, with a recent update on their web site... They have stated they want the dinar to be their sole currency...they are implementing changes to the economy and the private sector...they have upgraded their banking system, checks and balances, anti money laundering controls, counterfeiting preventions, electronic techniques, high security featured notes, etc... Judicial intervention is rampant...seeking to take down all involved in corruption, now and from the past...Many foreign companies are coming into iraq, opening consulates and embassies, bringing business, and offering loans and credit terms... International banks opening in iraq? Why? Do you have any idea of the cost, to set up a bank in a new, foreign location? Here is what we do know...we own the currency of a country... Not just any country, a country that is being sought after, defended, and guided, by most of the international world...To me that is very telling, i hope it is to you as well! [post 2 of 2]
3-23-2015 Newshound Guru sczin11 what to believe...and what not to believe! We read, we talk, we ponder, we dream...we hope to see progress...and every time we think we see motion in a positive direction, either it is debunked by something new, proven false, or seemingly un-confirmed! Case in point most recently... baghdad sends $420 million dollars to kurds...490 billion dinars...4-5 days later, $250 million dollars is stated...and implied, not even there yet... For some strange reason, it appears one hand doesn't know what the other is saying or doing...or on purpose, they choose to placate their people, and attempt to misguide the rest of the world... What we do know is very telling, however... They have a new government, one that believes in the democratic process, one that wants to show the world, the real iraq... The new iraq... The wealthy, powerful, sovereign, caring country in the middle east. [post 1 of 2....stay tuned]
3-23-2015 Intel Guru Bulldog75 GCR [Global Currency Reset] is around the corner. Watch gold and silver go to probable $5000 and $300 respectively along with the currency reset. Buckle up.
3-23-2015 Newshound Guru Millionday PARLIAMENT...MET TODAY [SUNDAY] AND KURDS HAVE ASKED TO HAVE SESSION MOVED TO MARCH 28TH...SHIA NEW YEAR -- SHIA CELEBRATE IT ALL AROUND THE WORLD... BUT THEY WILL CONTINUE WORKING THROUGH THE WEEK AS WELL... [will they be able to vote on anything without the kurds there?] I WOULD SAY THEY WOULD NOT -- BUT IT DEPENDS ON HOW MANY PEOPLE ARE THERE BY WHAT WE HAVE SEEN IN THE PAST. [do they need the kurds in house to pass an RV or can it happen when they are away...can swift action occur while they are celebrating their holiday?] CBI IS AN INDEPENDENT AND IT HAS THE POWER TO SET THE EXCHANGE RATE IN THE COUNTRY BY WHAT WE READ. 3-22-2015 Intel/Newshound Guru Poppy3 ...WHY WOULD A BANK NEED EMPLOYEES TO COME IN EARLY...THERE WILL BE NO RUN ON A BANK THERE ARE LESS THAN ONE PERCENT OF THE PEOPLE IN AMERICA EVEN KNOWS WHAT A DINAR IS MUCH LESS INVESTED. IT WILL NOT EVEN MATCH NUMBERS ON A NORMAL FRIDAY PAY DAY. I ALSO KNOW FROM A FORMER TREASURY CONTACT THERE WILL BE LESS THAN 5 PEOPLE IN AMERICA THAT WILL KNOW AHEAD OF TIME AND THEY WILL NOT KNOW TILL LESS THAN 30 MINS BEFORE IT WILL GO GLOBAL!
3-22-2015 Intel/Newshoud Guru tman23 3 parties in Kurdistan ...PUK..(Talibani)...KDP (Barzani)...Mustafa (Gorran)...Talibani and Barzani are speaking of independence from Baghdad...Mustafa party has a large say after last election in Kurd region...Mustafa is meeting NOW with Baghdad...So we wait and see what pressure he applies...Kurd leaders have had enough of Baghdad...The pressure is being applied by the Kurds!!
3-22-2015 Newshound Guru Millionday Article quote: "Rafidain Bank announced on Saturday the launch of the short message service sms to report the date of disbursement of pensions through the smart card..."the last and in coordination with the global smart card agreed with Zain Telecom..." THEY HAVE LAUNCHED THE ELECTRONIC INFORMATION TO INFORM OF BENEFITS OF RETIREMENT FOR SMART CARDS ...THEY ALSO WILL BE ABLE TO USE THIS CARD GLOBAL ACCORDING TO REPORTS.
3-22-2015 Newshound Guru sczin11 ALOT GOING ON, AND YET AT SAME TIME FEELS LIKE NOTHING IS HAPPENING... IT IS TOUGH TO STAY ENCOURAGED... BUT, IF YOU JUST LOOK AT ALL THE VARIOUS THINGS TAKING PLACE, IN ALL ASPECTS OF ECONOMIC AND MONETARY REFORM, IT IS VERY HARD NOT TO BE EXCITED AT THE PROGRESS WE CONTINUE TO SEE...
3-22-2015 Newshound Guru OOTW i'm hoping that they're working quickly on the census...the constitution states that there has to be a census done for art 140 - in re to distribution of oil payments to the kurds/citizens. I don't think it's a condition for monetary reform...it's a condition for the oil distribution payments.
3-22-2015 Intel/Newshound Guru Poppy3 ...I HAVE BEEN TOLD ON TWO OCCASIONS FROM THE BEST POSSIBLE HIGH RANKING SOURCES THAT IRAQ IS IN THE FINAL STAGES OF THE PROCESS OF BEING ON THE ECONOMIC GLOBAL STAGE ...THE LEADERS KNOW WHAT IS NEEDED AND THEY ARE GOING 110% TRYING TO GET TO THAT POINT. I AM RELAXED AND CONFIDENT IN OUR INVESTMENT.
3-22-2015 Newshound Guru Enorrste I don't see anything in this short article that indicates that the plan has been put on hold. Instead, I see that the IMF is pointing out that the street rate and official rate are separating; nothing more than that. This isn't news to the CBI. They are clearly aware of the situation. The solution, as I have stated before, is to move to a new exchange rate regime. Once that is done then the street rate and the offical rate become synonymous. Ninety days later, should they want to, Iraq could move to Article VIII of the IMF Charter. To conclude: this article is simply stating the facts: Iraq is not in compliance. It implies that the Parliamentary restrictions are the source of this lack of compliance and that something should be done to tell Parliament to "bug off." [post 2 of 2]
3-22-2015 Newshound Guru Enorrste Article: "IMF Staff Concludes the 2015 Article IV Mission for Iraq" Quote: "The foreign exchange market has remained stable in 2014 following steps taken by the CBI to liberalize it, and the parallel market spread had declined to 3.5 percent at the end of the year. However, the authorities should reconsider the caps on CBI foreign exchange sales and the collection of custom duties through commercial banks. These measures are effectively restricting the supply of foreign exchange to the Iraqi economy and have boosted the parallel market rates to record levels in the past weeks." I don't think the article is referring to the remittances...but only to the Parliament's illegal action to limit the CBI's ability to do its work. With respect to the overall impact of the Article IV consultation, I believe we should wait for more details and their official statement before we get riled up. [post 1 of 2....stay tuned]
3-22-2015 Newshound Guru Millionday Article quote: "Zubaidi said according to the statement of Ministers to the importance of "investing in Iraq, especially in the land, sea and air transport projects to serve the common interests of our Arab". ...THEY ANNOUNCED THIS WEEK THEY ARE READY TO RECEIVE ALL THE ARAB COMPANIES TO INVEST -- WHOOPOW. [would keeping the rate at 1166 give foreign countries more investing power?] NOT AT THE PRICES THEY HAVE SET -- AND THE LACK OF THE ABILITY TO JOIN THE MARKET ECONOMY... TO OPEN THE DOORS TO INVEST THE COMPANIES THAT ARE INVESTING WOULD ALSO LIKE TOURISM AND ALL SECTORS TO BE OPEN -- WITH NO MARKET ECONOMY THE ABILITY TO MAKE MONEY IS MINIMIZED WITH A GLOBAL ECONOMY AS WE ARE USED TO AND MANY IN THE GLOBE ARE AS WELL.
3-22-2015 Newshound Guru wmawhite What we do not have are the details of each event we are told about. However, most of what they want to do eventually requires the IQD to move back and forth electronically through the central bank system. Prime Minister Abadi has already told the world (when in Davos and Berlin) that Iraq is joining them on the world economic stage. That means that the IQD will have true value. Every week or so they tell us a little more. They are preparing to walk up onto that stage. ...remember that the revaluing/repricing of the IQD is only one of many, many events that need to happen for Iraq. To us, it is the only event. I believe that Abadi is going to do what is best for Iraq at the best time for Iraq. Not necessarily the best time for me. [post 2 of 2]
3-22-2015 Newshound Guru wmawhite [Do you have an opinion on the ISX Glitch.. Feed error? Or maybe not?] It is difficult for me to believe such a large % change is an error in the state of the art trading system they the ISX just put into operation. [what is the hold up with rv any ideas?] I do not believe there is any hold up with the re pricing of the IQD. To say there is a hold up implies that we know their schedule. However, we do not know their schedule so we do not know that there is a hold up. We know what is going on...they continue to tell us every few days. We were told two weeks ago that the green light was given to process with the "project". Prime Minister Abadi told us last week that he is activating the private sector. [post 1 of 2....stay tuned]
3-22-2015 Newshound Guru sczin11 THIS WEEK IN REVIEW...IMF REPORTS 2015 CONSULTATION...WTO REPORTS REVISION 9...ISX SHOWS EITHER A MAJOR GLITCH, STILL NOT CORRECTED, OR A TREMENDOUS INFLUX OF MONEY, A FEW DAYS AFTER REPORTING A COMPLETE WITHDRAWAL OF INVESTMENT MONEY, THE WORST THEY HAVE SEEN IN A LONG WHILE, IF EVER...CBI SAYS DINAR IS FINE, DON'T WORRY ABOUT WHAT YOU SEE...WILL ALL BE CORRECTED IN A FEW DAYS...MONEY, AND A NICE CHUNK, WAS SENT BY BAGHDAD TO THE KURDS...LOTS OF TALK ABOUT TIKRIT BEING TAKEN BACK BY IRAQ....MAJOR BONDS BEING OFFERED TO PAY OFF OIL COMPANY DEBTS... INVESTMENT LAW AMENDMENTS BEING TALKED ABOUT AGAIN...LOTS TO BE ENCOURAGED ABOUT...YET WE STILL WAIT, AND SEE...
3-22-2015 Intel Guru EXOGEN NOBODY IN IQD LAND KNOWS THE DATE OR THE RATE...HOWEVER...THE INTEL TODAY IS ON STEROIDS. I WILL TELL YOU THIS THE NUMBERS GURUS ARE THROWING AROUND HAVE BEEN ACTUALLY SPOTTED AND ARE NOT MAKE BELIEVE. 3-21-2015 Newshound Guru sczin11 IT IS NOT ABOUT HOPE...IT IS ABOUT WHEN? WE ARE DEALING WITH THE CURRENCY OF ONE OF THE WEALTHIEST COUNTRIES IN THE WORLD, IF NOT THE WEALTHIEST...WHARE TRYING DESPERATELY HARD, DILIGENTLY, AND METICULOUSLY, TO REBUILD THEIR INFRASTRUCTURE, REGAIN CONFIDENCE OF THEIR PEOPLE, AND LURE IN THE FOREIGN INVESTOR...ALL AT THE SAME TIME AS KEEPING PEACE, MAKING AMENDS, AND SUPPORTING THEIR BROTHERLY NEIGHBORS!!
3-21-2015 Intel Guru Mnt Goat ...they have begun to rollout the new rate of $3.91 to the provinces but not yet to the international arena. All the mechanisms to do so are implemented, even the banks have the new rates and are live (but you need exchange codes to conduct transactions) but until the new rates flow to the international money markets and exchanges, the money spigot is not yet opened entirely to the rest of the world. This is what we need. [post 3 of 3]
3-21-2015 Intel Guru Mnt Goat ...the IMF said...the IQD would come out at least equal to the value of $1.00 USD. The IMF needed a stable currency. They would not RV until it could be valued at least to $1.00. This is all they were saying. Then in being questioned by the news media in 2010, Dr Shabibi even said the dinar could sustain a value up to $16.00. Why would he say announce this to the world if he intended to come out with initial value of 1166 or 40 cents or even $1.00? The rate upon going international is going to be way over $3.00 ($3.91+). [post 2 of 3....stay tuned]
3-21-2015 Intel Guru Mnt Goat ...the RV rollout has begun...The major obstacle is ISIS as it is slowing down the rollout more than was in the original plan. But be assured it is occurring. Some...are still...talking about the IQD rate coming out at the provisional or program rate (around 1166). This is of course foolish... First we know for a fact that Iraq is already paying out on Qi cards the adjusted rate of $3.91. This is a converted rate from their 1166 program rate to USD. Second if the rate was to come out so low...the hedge funds and money managers would come in and gobble up trillions worth literally within hours...and drive up the value very quickly in doing so. [post 1 of 3....stay tuned]
3-21-2015 Intel Guru Jester [what is going on with the Kurds and Baghdad...have you heard anything new there?] I AM TOLD IT IS ALL WORKED OUT...WE WILL SEE...I AM TOLD THEY ARE PAID AND WAITING SAME AS US...OTHERS SAY THEY ARE TICKED...AND IF THAT IS TRUE THEN WHY NOT? THEY WILL LIKE TO BE PAID TODAY SAME AS YOU.
3-21-2015 Newshound/Intel Guru Bluedog Article quote: "The United Nations expressed, on Saturday, welcomed the announcement by the Iraqi government to send $ 420 million to the Kurdistan region, calling on both parties to proceed with the implementation of the oil agreement." IMO...JUST STALLING WAITING FOR THE COMING RATE...COULD IT BE WAITING FOR THE LAST DAASH (ISIS) OR WHATEVER...ALL TERROR... KILLED...? NO...THERE WILL ALWAYS BE CONFLICT AND TERRORIST IN THE MIDDLE EAST...BUT AS SOON AS THE NEW RATE GOES FORTH...THINGS WILL CALM WAY DOWN AS IN KUWAIT AND DUBIA WHERE FOLKS SHARE IN THE COUNTRIES RICHES AND BETTER BUYING POWER.
3-21-2015 Newshound Guru Millionday [do we know what happened with the ISX yesterday? any solid information on why it jumped so high?] NO IT IS STILL ON THERE. Quote: "Close price index ISX 60 in the Sunday session on 15/3/2015 (879.180 points)...] SO AS WE SEE -- THEY STATE HERE THAT THEY CLOSED THE PRICE INDEX ISX 60 -- ON SUNDAY THE 15TH OF MARCH. Quote: "The market value for the current week 8.906 trillion dinars. Compared with the market value last week's 7.981 trillion dinars, an increase of 11%." I HAVE TO SAY AS WELL...KNOW THAT AN INCREASE OF 11% DOES NOT SEEM TO MANY TO BE BAD NEWS EVEN THOUGH IT IS NOT 1100%+ --- THAT IS HUGE AMOUNT IN MY OPINION ONLY.
3-21-2015 Newshound Guru Breitling There's one guy out there who's pretty smart…he talked about the dinar will never revalue because they have 30 Trillion dinar out there. That's true. But I've always said that. The clues are you HAVE to believe they are going to reduce the note count…so there is not 30 trillion anymore, they lowered it. For some reason they never listened to Dr. Shabibi who was the governor of the CBI talking about 'we're going to reduce the note count by 70% and add value to it.' That's where the rate justification report came in…but it's based on a certain note count. They want to add value to the currency…when is it going to happen? That's the question… [Post 2 of 2...See Breitling's update on 3-20-2015 for more info about note count]
3-21-2015 Newshound Guru sczin11 THE WTO HAS AN...UPDATE ON ACCESSION OF IRAQ TO WORLD TRADE ORGANIZATION. LOOKS LIKE WE ARE ON REVISION 9, AS OPPOSED TO LAST JULY REVISION 8. [wont the rv happen b4 the wto?] WTO NEEDS RV, RV DOESNT NEED WTO//SO YES U R CORRECT. ...THE MERE FACT THERE IS AN UPDATE TODAY...MEANS WHAT? SOMETHING IS HAPPENING.
3-21-2015 Newshound Guru Breitling ...people are saying "you're not posting as much…if you think it's not going to revalue or it's going to be a little bit down the road say something." People are starting to panic a little bit…It has nothing to do with that [Breitling's Dad got very sick in November, spent a lot of time with him and recently passed :( ] …I'm very very motivated and have more confidence in this investment more than ever…There's nothing I'm seeing that there's cracks in this or anything like that it's completely the opposite…it's [the dinar] is recognized by the IMF. Period end of story. Their definition of internationally recognized is it's supply X velocity…how much is it used. It's ALREADY "official" but they have to add purchasing power to it so people will use it. They can't have a currency that's worth a 10th of a penny and they say 'hey you should use our currency.' That's not going to work… [Post 1 of 2 stay tuned for the rest of the story]
Read more: http://www.dinarguru.com/#ixzz3W3nV2LMl
3-30-2015 Newshound Guru sczin11 NOW WE SEE IN LAST COUPLE OF DAYS, COURT IS RULING OR HAS COMPLETED ITS RULING ON THIS CBI CLAIM...AND WHAT DO WE NOW SEE TODAY RELEASED? THE BUDGET HAS ONLY BEEN FUNDED 30%, AND THE REMAINING 70% WILL BE FUNDED IN THE NEXT FEW DAYS...PUT THOSE PUZZLE PIECES TOGETHER...WE ARE ON OUR WAY...THE NEW IRAQI DINAR, THE FOREIGN INVESTOR, THE CITIZENS OF IRAQ, AND ALL OF US...MUCH TO BE ENCOURAGED ABOUT HERE! [post 4 of 4]
3-30-2015 Newshound Guru sczin11 THEN WE WAIT FOR CBI TO FUND BUDGET...WE FINALLY SEE SOME IN COUNTRY SALARIES PAID, BUT NOTHING ON INVESTMENT OR PROJECT SIDE, WITH CONTRACTS FOR INTERNATIONAL COMPANIES, OTHER THAN ONES ON CREDIT OR WITH TERMS...SO, WE OPINE, THE BUDGET HAS NOT BEEN FULLY ACTIVATED, OR IMPLEMENTED...THEN WE READ THAT THE CBI HAS FILED A COURT ACTION, REGARDING MANY PROBLEMS THEY SEE WITH THE BUDGET...MANY ARE SPECULATING AS TO WHY THE BUDGET IS NOT BEING FUNDED BY THE CBI...HOW CAN THE CBI FUND SOMETHING THAT MAY BE FORCED TO BE CHANGED...RESULTS FROM THE COURT ACTION MUST BE RULED IN ORDER FOR THE CBI TO KNOW WHAT AND HOW MUCH THEY CAN FUND...HOW COULD THE CBI FUND A BUDGET LINE ITEM, AND THEN WATCH IT CHANGE BY A COURT RULING... BASICALLY, AN INJUNCTION AGAINST FUNDING THE BUDGET IS WHAT HAS TRANSPIRED... [post 3 of 4....stay tuned]
3-30-2015 Newshound Guru sczin11 CERTAIN BANKS TESTED IN AND OUT OF COUNTRY...BANKS TRYING TO LURE CUSTOMERS BACK IN... LAWS, BANKING AND INVESTMENT BEING READ, AMENDED, AND VOTED... PRIVATE SECTOR IS IN SPOTLIGHT..THE FOREFRONT OF MOST DISCUSSIONS RELATING TO THE ECONOMIC REFORM...CBI HAS CALLED IN OLD FIFTY DINAR NOTES...NO SECURITY WORTH TALKING ABOUT ON THEM...ONLY GIVING 60 DAYS FOR THAT PROCESS, OR CONSIDER THEM WORTHLESS...NULL AND VOID...IS THEIR OTHER CURRENCY GOING TO BE WORTH THAT MUCH MORE? THE BUDGET GETS PASSED, AND WE WAITED FOR PRESIDENTIAL RATIFICATION...FINALLY, THAT BEING COMPLETED, WE WAITED FOR GAZETTE ENTRY...THEN WE WERE TOLD IT WAS ENTERED INTO LAW...THE GAZETTE...FIRST WE HEAR PART ONE, AND THERE WERE SEVERAL PARTS, THEN WE HEAR WHOLE THING... [post 2 of 4....stay tuned]
3-30-2015 Newshound Guru sczin11 I HAVE STATED MANY TIMES, I DIDN'T BELIEVE THERE WAS ANY DELAY IN THE MONETARY REFORM PROCESS AND THAT THE PLAN WAS ROLLING OUT METICULOUSLY, AS PER THEIR DESIGN...EVEN THOUGH IT APPEARED YEARS AGO, DR. SHABIBI WAS READY TO GO WITH THE REVALUATION OF THEIR CURRENCY, ONE MUST REALIZE, EVERYDAY NEW ISSUES ARISE, AND THE BEST LAID PLAN, OF MICE AND MEN, MUST BE ADJUSTED TO CONFORM TO THE ISSUES OF THE DAY! THAT BEING SAID, WE HAVE BEEN GIVEN MANY INDICATORS ADDRESSING THE NEEDS OF MONEY, LIQUIDITY, AND THAT MANY ADVANCEMENTS HAVE BEEN MADE IN THE BANKING SECTOR... ELECTRONIC PROCESSING, E-GOVERNMENT PLAN, CUSTOMS AND TARIFFS, QI CARDS, SMART CARDS, NATIONAL DATA CARDS, MC AND VISA, RATION, AND MORE... [post 1 of 4....stay tuned]
3-30-20215 Intel Guru TNT Tony This was scheduled for Saturday; there is a schedule for this week, and we’ll see what happens. The people at the banks are ready to go, and they removed some defenses so that it can go through more smoothly. They have been practicing with the dinar and the dong, at different rates, and one person exchanged zim overseas. Cards are loaded, and the process has been explained. They are in the final phase of four...We are all just waiting for that final word.
3-30-2015 Intel Guru DC Everyone is frustrated that it didn’t go down this weekend. They haven’t backed off, they are still at a high level of readiness. Iraq announced all weekend that they are doing this, and announced that they are doing everything in dinar now, no dollars. The CBI and all the ministries are ready in Iraq, and that is being announced on the television. Everything else is just sitting there ready; nothing has changed much from Friday. CBI and Abadi’s office are telling everyone to relax, it is happening. I am watching what they are doing at CBI, the banks and the ministries, and they are all lined up. Everything is good in Iraq. The USA is waiting on Iraq and the IMF lead. There were some exchanges going through over the weekend, but those were test cases. We are glad that the system is going so well, and we are eager to get in that line. They are waiting on Iraq. Banks, security, politicians are still on high alert...
3-30-2015 Newshound Guru tlm724 Article: "Today the launch of social protection salaries" they are finally paying the people for the first 3 months of the year!" Quote: "The preparation of this meal amounted to 439 thousand and 461 beneficiaries in Baghdad and the provinces." meal means the salary. Quote: "adding that the review of the receipt of the subsidy will be through banks and the offices of smart card to card" that tells us the smart card system is running correctly this time!
3-30-2015 Newshound Guru Kaperoni Articel quote: "the rise in the dollar's exchange rate against the dinar "serve" Iraq, through the creation of the phrase "positive" variables such as the provision of new jobs and stimulate different working local production sectors, indicating that the low price is a "support" to the importer foreign national account." Looks to me like they are trying to create inflation through taxation so they can raise the value of the dinar. We can hope.
3-30-2015 Intel Guru Mnt Goat The financial or political sectors are not now the major concern of the CBI and Iraqi government in delaying the international rollout of their currency. It is now the security and the stabilization of the country that is the under laying factor. When will it all end? The government of Iraq itself has stated (I do not quote): that it could be as late as early summer before Iraq gets rid of ISIS and DAASH. Early summer is sometime in mid June...right? The good news is June is not really that far off but it could be 2-3 months before we see any chance of any real substantial movement at all in the value of the IQD currency. This is not just my opinion but now seems to be the direction Iraq is now taking.
3-30-2015 Intel Guru Jester [Have you got any updates from HP? (Guru Hocus Pocus)] I HAVE TALKED TO HER A COUPLE TIMES THIS WEEKEND...WE GOT THE INFORMATION ON SATURDAY EARLY THAT THINGS SEEM TO BE RAMPING UP WITH THE INTERNAL COMMUNICATIONS AT THE STREET LEVEL IN IRAQ...I AM TOLD THAT IF SOMETHING SIGNIFICANT HAPPENS WE WILL KNOW...JUST FOR THE RECORD...THERE ARE NO SMART CARDS BEING USED...THERE HAS BEEN NO PAYOUTS THERE... I AM 99% SURE THE INFORMATION WE ARE GETTING IS ACCURATE BECAUSE I KNOW WHERE IT IS COMING FROM... HOWEVER... THINGS ARE CHANGING SOMEWHAT AND THERE SEEMS TO BE SOME URGENCY WITH THE LOCAL COMMUNICATIONS...SO HOPEFULLY THAT IS A GOOD SIGN... I KNOW THEY ARE LOOKING FORWARD TO THIS MORE THAN WE ARE.
3-30-2015 Intel Guru EXOGEN ...THERE IS NO LIVE ACTIVATED, IMPLEMENTED, AND ACTIVATED HCL IN IRAQ AND THE KURDS ARE NOT HAPPY!
3-30-2015 Newshound Guru Millionday [Are they making HCL a law now and not just an agreement that can be broken?] THE AGREEMENT IS BEING ADDRESSED REPORTEDLY BY THE UN AND MANY OFFICIALS BETWEEN ERBIL AND IRAQI FEDERAL --- SO THE RESOLVE IN THE HCL HAS BEEN DONE IN FINANCIAL DUE TO THE BUDGET AND EXPANSION ETC -- SO THERE ARE JUST PORTIONS THEY WANT CHANGED -- NOT STARTING FROM GROUND ZERO AS WE SAW YEARS AGO. [post 2 of 2]
3-30-2015 Newshound Guru Millionday Article quote: "The Speaker of the Parliament, Salim al-Jobouri, stressed the importance to exert more efforts by the parliamentary committees to accelerate in accomplishing important laws." [What laws do you think they are referring to?] THE FINISHING OF THE HCL -- PARTIES-- FEDERAL COURT ACT --TRANSFER OF POWER TO PROVINCES AND AMENDMENTS TO THE BUDGET -- THAT IS ON AGENDA WITH THE NATIONAL GUARD LAW AND ALSO SOME OF THE INVESTMENT LAWS HAVE NOT BEEN PUT TO LAW -- ALL OF THESE LAWS WITH AGREEMENTS WILL ALL IMPACT EACH OTHER AND IMO HAVE TO BE DONE AND PUT TO LAW TOGETHER...THEY MET ON SECOND READING ON MOST AND THEY ARE WORKING TO MOVE FORWARD... [post 1 of 2....stay tuned]
3-30-2015 Newshound Guru sczin11 I AM VERY ENCOURAGED RIGHT NOW, AND AM CERTAIN THE IRAQI DINAR AT SOME TIME WILL BE ONE OF THE MOST POWERFUL IF NOT THE MOST POWERFUL CURRENCY IN THE WORLD...ANYONE THAT CAN CONTINUOUSLY STATE THERE IS NO CHANGE TODAY, AS COMPARED TO THE PAST, NEEDS TO TAKE A REALITY CHECK...
3-30-2015 Newshound Guru Aggiedad77 Article: "Jubouri meet with the heads of parliamentary committees to discuss ways to approve the pending laws" Speaker Jubouri met with heads of Parliamentary committees today and I am reasonably sure the message was loud and clear...get the lead out...and get your laws out of committee and onto the Parliament floor...enough...delays....lets see some action...he doesn't want to see things return to how they were with the former Parliament and he is trying to light some fires in appropriate places. 3-29-2015 Intel Guru EXOGEN WHAT IQD LAND DOES NOT REALIZE IS MANY PEOPLE ARE NOT GETTING PAID THEIR MONEY IN IRAQ LIKE YOU THINK! THERE ARE PROTESTS IN IRAQ RIGHT NOW OVER PAST DUE SALARIES, YET BABYLON PUTS OUT OUT MANUFACTURED STORIES THAT LEAD IQD LAND THE BELIEVE KURDISTAN IS HAPPY...THE PROBLEM IS PEOPLE ONLY READ THE MANUFACTURED NEWS FROM BABYLON, AND THEY DO NOT LOOK AT KURDISTAN REGION...KURDISTAN IS STILL NOT HAPPY. PROVINCES IN IRAQ ARE STILL NOT HAPPY. MANY OF THE MANUFACTURED NEWS ARTICLES...ABOUT KURDISTAN RECEIVING BILLIONS IS 100% B.S. AND THAT IS WHY THERE IS NO 100% FULLY ACTIVATED, IMPLEMENTED AND EXECUTED HCL. THE HCL IS AGREED UPON, BUT NOT ACTIVATED, IMPLEMENTED AND EXECUTED AND UNTIL KURDISTAN IS MADE WHOLE...THERE WILL BE NO HCL!
3-29-2015 Newshound Guru Aggiedad77 SECURITY...SECURITY... SECURITY... SECURITY... we are at that crux of things that one thing is going to cause the gelling of so many other aspects of life for the Iraqis...and it is spelled...SECURITY.....no matter how you focus....no matter where you look.....no matter what you read...one thing sums it all up...SECURITY...But we've said that for months...what makes it different today...the difference is in the actions being taken...these are exciting times and they are proving through their actions they are in control...get ready for your world to be changed and rocked in a way that may seem unfathomable...wait for it...the BEST is yet to come.
3-29-2015 Newshound Guru Chattels my sense is that Abadi is in a bit of a trick bag - he has to decide between Iranian ground "support" or American air support since neither will work with the other at the same time and then politically and economically matters are not much better - small wonder there is no " RV ".
3-29-2015 Intel/Newshound Guru Poppy3 [GCR=GLOBAL CURRENCY RESET?] CHRISTINE LAGUARD HERSELF STATED TWICE IN NATIONAL NEWS INTERVIEWS THERE WILL BE NO GCR AND THAT IT IS NOT EVEN A TERM THEY HAVE EVER USED. PURE FICTION...SHE STATED THAT COUNTRIES THAT TRADE WITH A COUNTRY THAT HAS A SIGNIFICANT CHANGE IN CURRENCY MAY BE IMPACTED TO RAISE OR LOWER TO EVEN OUT TRADE IMPACT BUT THAT IS DONE ALL THE TIME.
3-29-2015 Newshound Guru Tlar If this had been done in 2010 as Shabibi wanted to do, it would have come out at .86. 5 years later the conditions have changed. More currency reserves, a sizable amount of gold, more production, more oil reserves, less dinar, and less debt. The makings of a better stew. Had it come out in 2010 as Shabibi wanted, it would have to have increased 3x...in order to reach its potential today, hardly likely with ISIS around. I for one like the odds and am glad we are here instead of there. 3-28-2015 Intel Guru Bulldog75 ITS MY BELIEF, AND IMHO, IN MY HUMBLE OPINION, ONE OF THE MAJOR REASONS WE HAVE NOT SEEN THE REVALUE/EXCHANGE OF NEW CURRENCY RATES IS, THIS IS ABOUT THE GCR OF THE PLANET WHICH INVOLVES THE NEW GOLD AND SILVER PRICES. IMHO, WE SIMPLY HAVE TO TAKE THIS ONE DAY AT A TIME. WE PROBABLY WILL SEE THE GCR WITH THE IQN/DONG ALL AT ONE TIME. THE ODDS ARE GOOD FOR NEXT WEEK...
3-28-2015 Intel Guru Bluwolf Bottom line all data has been fed, all acceptable rates are in, based on the request of each country, this effect has taken a toll of 7 years and now has come to an end. The GCR will transpire in a question of days, the international rates are in and no outside source has the power to impose themselves over the accords of economic values of any given country. What some see are just some specific place holders and its value will change simultaneously reflected both in banks screens and forex...the rates no one has access to for they have been locked down.
3-28-2015 Intel/Newshound Guru Poppy3 WELL ANOTHER RIDICULOUS RUMOR TO HEAD OFF. RECEIVING REPORT MANY ARE BEING TOLD BANKS WILL BE LIMITING CASH IN TO A MAXIMUM EXCHANGE OF 20 MILLION. THIS...HAS NO, ZERO VALIDITY... ONE MORE THING TO DEFUNK --- obama HAS ZERO TO DO WITH SLOWING DOWN OR HOLDING THIS UP.
3-28-2015 Newshound Guru My Ladies SO WHAT DOES ALL THIS MEAN. I THINK IT MEANS THAT IRAQ IS RIGHT AT THE POINT OF ADOPTING A RATE FOR ITS CURRENCY. WE LOOK AROUND AT ALL THE GLOBAL CHANGES TAKING PLACE AND WE SEE THE BIS TELLING ALL THE CENTRAL BANKS THE SAME THING, WE SEE IRAQ BEING INCLUDED IN THE CENTRAL BANK ARENA EVEN THOUGH THEY HAVE BEEN OUT OF THE LOOP FOR 10 YEARS. [GURU] NOVA AND I THOUGHT THE DINAR WOULD CHANGE FIRST AND COME OUT AS THE SUPPORT CURRENCY AND FROM THERE CAUSE MANY CHANGES IN GLOBAL CURRENCY BUT IT DOES LOOK LIKE WE MAY HAVE BEEN WRONG. I THINK WE HAD IT BACKWARDS. FROM WHAT WE SEE AND WHAT WE READ IT SEEMS THAT THE GLOBAL BANKING SYSTEM IS CHANGING FOR SURE AND IT SEEMS LIKE IT’S CHANGING HERE AND NOW NOT LATER. SO I THINK THAT AMID THE CHAOS WOULD BE A GOOD TIME FOR IRAQ TO RE PRICE AND I THINK THAT TIME IS UPON US. IN VIEW OF THIS WEEKS EVENTS IN AND OUT OF IRAQ I THINK WE CAN ENTERTAIN A LOW LEVEL OF EXPECTATION FOR A VERY CLOSE FINALE TO THIS INVESTMENT. [post 3 of 3] I THINK WE HAD IT BACKWARDS. FROM WHAT WE SEE AND WHAT WE READ IT SEEMS THAT THE GLOBAL BANKING SYSTEM IS CHANGING FOR SURE AND IT SEEMS LIKE IT’S CHANGING HERE AND NOW NOT LATER. SO I THINK THAT AMID THE CHAOS WOULD BE A GOOD TIME FOR IRAQ TO RE PRICE AND I THINK THAT TIME IS UPON US. IN VIEW OF THIS WEEKS EVENTS IN AND OUT OF IRAQ I THINK WE CAN ENTERTAIN A LOW LEVEL OF EXPECTATION FOR A VERY CLOSE FINALE TO THIS INVESTMENT. [post 3 of 3]
3-28-2015 Newshound Guru My Ladies LET’S LOOK AT A BIT MORE, SECURITY IS THE MAIN CONCERN OF EVERYONE IN IRAQ, SO WHAT IS ON TODAYS AGENDA REGARDING SECURITY. HOW ABOUT THE UNITED NATIONS AND THE VATICAN? Article: "Conference for dialogue and peace in Baghdad tomorrow with the participation of delegations from the United Nations and the Vatican" AND THE ENVOY FROM THE UNITED NATIONS BEGINS WORK TODAY IN IRAQ AND THEY ARE GOING TO PROMOTE NATIONAL RECONCILIATION. AND NOW TAKE A LOOK AT PARLIAMENT PLEASE TODAY. Article: "House of Representatives vote on the Federal service law and end the reading of four bills". WELL CAN YOU GUESS WHAT ONE OF THE BILLS WAS? THIS IS VERY EXCITING, IRAQI FOREIGN LAW DOCUMENTS WERE READ TO ELIMINATE FOREIGN EXCHANGE CONTROLS AND LIFT ALL RESTRICTIONS BETWEEN THE COUNTRIES OF MEMBERS OF THE FREE TRADE AREA. [post 2 of 3....stay tuned]
3-28-2015 Newshound Guru My Ladies THE BIS IS INTRODUCING A NEW SETTLEMENT SYSTEM. AND THE ARAB MONETARY FUND WILL BE MEETING WITH A REPRESENTATIVE FROM THE WORLD BANK WHO WILL BE EXPLAINING THE APPLICATION OF NEW INTERNATIONAL PRINCIPLES. THIS IS VERY BIG NEWS...AND...THE COUNCIL OF MINISTERS ANNOUNCED THEY APPROVE OF THE SUGGESTION FROM THE CENTRAL BANK TO LET THE PRIVATE BANKS HANDLE THE TAXES. ON THURSDAY THE 26TH CAME THIS REPORT FROM BLOOMBERG. THIS ARTICLE IS SAYING CENTRAL BANKS IN THE HUGEST CURRENCY MARKETS WILL SEE NEW PRINCIPLES PUBLISHED ON MONDAY. WELL WHAT DO WE THINK OF ALL THIS? WE THINK WE MAY BE IN A STATE OF EXPECTATION SOON. [post 1 of 3....stay tuned]
3-28-2015 Newshound Guru Millionday [do you think the economic crisis will end by the end of this quarter?] THEY STATED THAT THE ECONOMIC CRISIS WOULD END WITHIN A FEW DAYS A DAY OR TWO AGO -- VERY INTERESTING -- I AM VERY INTERESTED IN THE CODING SYSTEM INFORMATION AND ECONOMIC CONFERENCE THIS WEEKEND -- WE HAVE NO WAY OF KNOWING A DATE THOUGH --THE CODING SYSTEM IS IRONICALLY THE INTERNATIONAL INFORMATION ON MANY THINGS BUT IT DOES TELL THE COUNTRY`S LIQUIDITY TOO. SO MANY YEARS OF PREPARATION ARE VERY COSTLY AND SHOWS MUCH MUCH MUCH DONE THAT HAD TO BE --- NOW THE INFORMATION SYSTEM SET UP FOR PAYMENT SYSTEM AND REMITTANCE AND ALL DATA CONNECTED INTERNATIONALLY? -- WE LOVE IT.
3-28-2015 Intel/Newshound Guru Backdoc THE REPRICING IS NOW UNDERWAY AND IF I'M SEEING THINGS CORRECTLY WE MAY BE ABOUT TO SEE TWO COUNTRIES COMPLETE THEIR BUDGETS AT THE SAME SYMBIOTIC TIME! WITH ZEROS DROPPED AND ON THEIR WAY TO HEROS THIS LONG TRAIN RUNNING WILL EVENTUALLY COME INTO A STATION!! TAXES, TARIFFS, AUCTIONS ENDED WITH THE NEW REMITTANCE SYSTEM IN PLACE...KURDS PAID AND FIST FIGHTING OVER THEIR FUTURE LEADERSHIP...SECURITY MASSIVELY IMPROVED...REMEMBER, THE CBI TOLD US IN MANY ARTICLES THAT SECURITY WOULD NOT HOLD UP MONETARY REFORM! INFLATION WILL CONTINUE TO EAT THEIR LUNCH UNDER THESE CIRCUMSTANCES IF THEY DON'T MOVE FORWARD! ...I SEE MANY UNUSUAL THINGS BEGINNING TO DOVE TAIL!
3-28-2015 Intel/Newshound Guru Poppy3 [what are the odds in your opinion that the rv would happen before the end of the 1st quarter so all promises Abadi has made can be retroactive to January 1st. I understand that will not be the case if rv after 1st qtr ends?] I KNOW FROM SOURCES HE IS DOING EVERYTHING WITHIN HIS POWER TO MAKE IT HAPPEN. I WILL ALSO REPEAT WHAT THE BEST IN THE KNOW SOURCE IN THE USA STATED --- HE SAID THEY ARE IN THE FINAL STAGE OF FINANCIAL REFORM AND WILL NOT STOP TILL THEY GET THERE REGARDLESS OF ISIS, DAASH...ETC. HE ALSO SAID ENDING A QUARTER OR HOLIDAY OR RELIGIOUS DAY ETC WILL NOT HAVE EFFECT...THAT WHEN THEY COMPLETE THEIR STEPS THEY WILL THAT DAY RELEASE THE RATE. PERIOD. THAT SAYS IT ALL TO ME AND I AM ENCOURAGED AND VERY RELAXED THAT THE END IS NEAR TO US. HEARING THEY WILL NOT STOP TILL WE ARE PAID SOUNDS LIKE THE BEST NEWS WE COULD HEAR. NO NEED TO WASTE TIME TRYING TO FIGURE IF THIS OR THAT IS THE HOLDUP BECAUSE NO ONE THING IS AND ONLY THEY KNOW THE STEPS STILL NEEDED.
3-28-2015 Newshound Guru Millionday Article quote: "Central banks in the world’s biggest currency markets will publish on Monday principles of behavior and ethics for foreign-exchange trading..." ACCORDING TO THIS WE ARE GOING TO SEE NEW REGULATIONS FOR FOREIGN EXCHANGE -- I EXPECTED SOME NEW REGULATIONS AND HAVE HEARD OTHERS BRING IT UP AS WELL -- THIS IS VERY INTERESTING TO SAY THE LEAST -- VERY INTERESTING TO SEE THAT THE GOAL IS TO COMPLETE THIS BY THE END OF THIS MONTH. Quote: "The Wall Street Journal earlier reported that central banks had agreed on a set of guidelines for the currency market. It said that the principles would ban traders from sharing client identities and information and disclosing data that could allow someone to deduce that information." SO AS WE READ HERE -- THEY HAVE AGREED ON REGULATIONS TO PROTECT THE INVESTOR... 3-27-2015 Intel Guru DC Iraq is absolutely ready, they have prepped more bankers, and they have announced it in the mosque (again) saying it’s happening this weekend, with details on the radio and internet sites. They increased some of their payments in Baghdad. Prevailing wisdom is that they have pushed that as far as they can and the next round is the whole public release. The interior ministry is good, prepared and ready, and so is the finance ministry, CBI and Abadi’s office. They have been briefed on the global plans. Parliament has met all week, and they are voting on minor laws and tweaking/updating the HCL. Is that what they’re waiting on? According to their treasury and ours, and a few other financial sources, yes – but others say we are not. In the US...Banks and everyone else is ready. On the political front, some folks in the administration are strongly of the opinion that as soon as Forex closes for the weekend, this will happen... We are hearing that from US, European and some Asian banks. They say they are fully prepped for this weekend. They would not be calling people in if they were not planning to start tonight. The rate is still moving up slightly in our favor. Dinar: $3.91- 4.10, zim .13 to .18, decided last weekend. Iraq is ready for any moment from this evening onwards. Some believe it will happen after the HCL tweaks tomorrow evening in Iraq.
3-27-2015 Intel Guru TNT Tony There is so much intel to be excited about! It’s been a good week in Iraq. They have finally lined up all their banks, and in the mosques they said the financial crisis will end for all Iraqi citizens this weekend. The Parliament is supposed to briefed on what will happen before it occurs. They can do the RI before the briefing or the other way round. Everyone is geared up and it’s scrolling on the television. They have changed the rate slightly from $3.91. The dinar has been seen at $4.10 on some screens right now. We have seen dong at $1.57 to $1.77, and zim at .15 to .18 minus six zeroes. In Iraq, they are saying the financial crisis should be over for every Iraqi citizen this weekend. They are supposed to briefing everyone by Saturday morning on the final process of phase four. It could be sooner.
3-27-2015 Newshound Guru Bondlady Article: "Bakhtiar Titanic: Kurdish forces did not agree so far on a candidate for the presidency of Iraqi Kurdistan" this is good because they really really want that HCL law, so much so that they broke into a fight over who will represent the Kurds as pm to get it done. Barzani said let me continue so I can pressure Baghdad to do it, the others want no more terms, basic dictator if more than 2 terms and Barzani or his family have been in office over 50 years.
3-27-2015 Newshound Guru Millionday Article quote: "The national working to convene an international conference on Iraq, with the participation of a large number of countries, in order to promote a new strategy for the region and the development of international cooperation among the participating countries the conference." THIS IS NOT JUST ABOUT THE MILITARY ACTION...THEY ALSO ARE GOING TO BE ADDRESSING THE ECONOMIC HUBS OUT OF THE CRISIS -- [COULD THIS BE PART OF THE NATIONAL RECONCILIATION MEETING?] YES THIS COULD... [what is that National reconciliation meeting?] IT IS THE ADDRESS OF THE NATIONAL RECONCILIATION DOCUMENT AS IT WILL BE PRESENTED TO THE GLOBAL ENTITIES THAT ATTEND -- IT IS A WRITTEN DOCUMENT OF THE NEW IRAQ AND THE SIGNATURES THAT HAVE BEEN GIVEN IN AGREEMENT FOR PEACE AND PLANS ACCORDING TO WHERE IRAQ`S FUTURE LIES.
3-27-2015 Newshound Guru Kaperoni Article quote: "In the past, there was a difference between the two rates: the official price and the market price, but this difference was within the universally accepted standards, the 2% up, whereas the current difference is the 7% up to - 8%..." This is a pretty good confirmation article of what they should be doing vs, what they really are doing and the fallout as a result. No matter what the excuse, 8% or higher market rate spread is unacceptable and needs to be corrected soon. Since they probably won't be going to IMF Article VIII anytime soon (not in compliance) and Dr. Bakri implied in my interview that they will strengthen the dinar before Article VIII, hopefully they will use this time wisely and begin the process to correct the nominal exchange rate more in line with the dollar. It's always good to have confirmation that what we present and study is correct. No matter if good or bad.
3-26-2015 Newshound Guru Millionday THE ENTIRE INTERNATIONAL CODING SYSTEM HAS BEEN REDONE AND IS BEING PRESENTED AND SHOWN TO ARAB REGION ON SATURDAY AND PARLIAMENT HAS THE HUGE LAWS ON THE TABLE THIS WEEKEND FOR SECOND [READING] -- THAT PREPARES THEM FOR ACTIVATION THROUGH VOTE WHEN THEY ARE PREPARED. THE SECOND READING OF MOST SHOULD BE SAT ACCORDING TO AGENDA --- AND THEN WHENEVER THEY ARE PREPARED THEY WOULD VOTE THE NEXT MEETING.
3-26-2015 Newshound Guru Kaperoni Reading these older articles can really get one excited when you see the current progress and how it relates to statements made in these older articles. I do believe we will begin to see change this year, but first we need some laws...I would like to see the new securities law, along with the economic laws and banking laws. And finally, Dr. Bakri seems confident...that the plan discussed in his paper (which raises the value) will be implemented by the CBI when the conditions are right. That seems to be coming soon since the announcement on March 3rd, 2015 giving the green light. [post 2 of 2]
3-26-2015 Newshound Guru Kaperoni Economist Report: "Proposal to raise zeros from the dinar Ala a paper" "A. M. D. Jawad Kazem al-Bakri" This...was published...June, 2011. I have read his report over and over again...and find that this report is confirmation that the dinar will appreciate in value. Though his references imply a near 1 dinar to $1 example when buying goods, it does not say it would be achieved "overnight", in fact he says through...a study and sound policy. Therefore I continue to believe the dinar will float up in value based on economic investment. This theory was further supported a few weeks ago when Dr. Salam Smeisim mentioned floating the dinar. [post 1 of 2....stay tuned]
3-26-2015 Newshound Guru Millionday [Do you believe we are still waiting on any laws before an RV can happen?] I DO BELIEVE THAT SOME OF THE COMMERCE LAWS AND INTERNATIONAL LAWS ARE NEEDED BUT THEY HAVE MADE IT SO CONFUSING WITH WHAT IS DONE AND WHAT IS BEING DONE OR EVEN WHAT IS IN A BASKET -- ON THE SHELF OR UNDER THE BED THAT IT HAS BECOME VERY HARD TO FOLLOW THE ECONOMIC LAWS. [ I thought we might hear the CBI say parliament needs to pass laws if they were needed?] THEY HAVE NOT REPORTED SOME OF THE LAWS THAT ARE OBVIOUSLY DONE -- AND STATE THAT THE ERBIL AGREEMENT IS ACTIVATED BUT SOME OF THE HCL IS STILL BEING AGREED UPON? -- IT IS RIDICULOUS.
3-26-2015 Intel Guru TerryK [could they be rolling out the rv 1 section...at a time?] I DON'T THINK THEY CAN HAVE ONE PART GET INCREASE IN VALUE AND ANOTHER NOT. YOU WOULD HAVE MASS PEEPS GOING INTO THAT SECTION. THAT WOULD BE LIKE KENTUCKY GETTING OUR DOLLAR AT 1.50 AND OHIO AT .50. IT DOES NOT WORK THAT WAY...IT JUST DOES NOT. [Any news today on when we might see this?] I'M THINKING FRIDAY NIGHT. [...they are again talking about investment law and the necessity for it before anything will happen?] THOSE LAWS ARE ON THE BOOKS FOR SATURDAY ...WHAT I WAS TOLD YESTERDAY.
3-26-2015 Intel/Newshound Guru tman23 Article quote: "On Wednesday, UN economic advisor and special representative of the UN Secretary General for Iraq Ashraf Abdua’al visited Erbil, capital of the Kurdistan Region. During his visit he met with KRG Finance and Economy Minister Rebaz Hamlan to get an idea of the size of the problems facing the Kurdistan Region and discussed the impact of the shortfall on the region. According to an announcement by the ministry, Abdul’al told Hamlan that they are attempting to resolve the financial dispute between Erbil and Baghdad. Abdul’al said that in the coming days, they will discuss the situation the officials from the World Bank and International Monetary Fund (IMF), and set out the financial needs of the Kurdistan Region." THIS NEWS IS BIG WITH REGARDS TO MONETARY REFORM...WE HAVE NOT WITNESSED THE IMF OR WORLD BANK DEALING WITHIN THE KURD GOVERNMENT UNTIL NOW... YOU CAN'T HAVE $$ REFORM WITHOUT UPDATING AND EDUCATING THIS REGION WITH THE CHANGES TO BE IMPLEMENTED BY THE CBI AND NOW WE HAVE INK.
3-26-2015 Newshound Guru Shredd Article: "Appearance Saleh warns of deterioration of the dinar and rumors denied" Saleh is basically saying to the people that things are under control, the central bank knows what it is doing, we have a plan and we need to control the exchange mechanism. aka; "It's all good, we got this".
3-26-2015 Intel Guru Hub ...the rv will occur when Iraq moves to a world wide provider of products and services, eco 101, all the laws put the govt in place for security and protection, but until the economy opens to a free international market you wont see an rv. Look at any other import export economy in the world and they have a valued, internationally traded currency. Look at any county with a worthless currency and you will see zip in the trade column...with out world trade no need for valued currency...they can law them selfs to death, but until the markets open, no need for a tradable currency.
3-26-2015 Newshound Guru Millionday Article quote: "...economic Academic Dr. Majid Baidhani to accept a large audience of traders stock in the stock market on the acquisition of government bonds by the Ministry of Finance plans to launch soon." WE HAVE SEEN IN MANY REPORTS --- BONDS BEING LAUNCHED SOON -- THEY ARE REPORTING THEY ONLY NEED ONE MORE CREDIT RATING...THERE ARE THREE... "Fitch, Moody's and Standard & Poor's" IS THE LAST OF THE THREE TO REPORT THE CREDIT RATING FOR IRAQ -- THEY NEED THE THIRD AND ARE STATING HERE THAT THIS WILL ALLOW INVESTMENT COMPANIES AND ALSO ACCESS TO CAPITAL MARKETS -- THAT IS CURRENCY MARKETS... THESE ARE GLOBAL/INTERNATIONAL BONDS -- THEY REQUIRE THE MOVE TO A TRADABLE CURRENCY. WHOOOPOW!
3-26-2015 Newshound Guru sczin11 I HAVE NEVER EVER THOUGHT THERE WAS A HOLD-UP, AND THE MORE WE SEE HAPPENING, THAT WE DIDNT EVEN KNOW ABOUT, THE MORE I AM CONVINCED, THEY KNOW EXACTLY WHAT THEY ARE DOING... REMEMBER, "WE DON'T KNOW, WHAT WE DON'T KNOW!"...WE THINK WE ARE THERE, AND A NEW LAW GETS BROUGHT TO THE TABLE...DOES THAT MEAN WE NEED THAT LAW...I BELIEVE NOTHING IS NEEDED FOR THE RAISING OF THE VALUE OF THE DINAR, AND THE MOVE TO THE INTERNATIONAL OPEN MARKET ECONOMY...IF INVESTMENT LAWS ARE NEEDED TO LURE INVESTORS, DOESN'T MEAN THEY CAN NOT COMPLETE MONITARY REFORM, AND LAWS TO FOLLOW...
3-26-2015 Newshound Guru Tlar Iraqi leadership is not incompetent as they might seem at times. They just have a monumental task in front of them... Iraq will install Monetary change. The delete the zero program will be activated this year and security will come to the country. Those are the knowns. What is left as always, is the when. Iraq is very close as articles have told us. How close? That is the question. The intel says we are very close but as always we wait. We are coming on to the end of the first quarter by Tuesday of next week - March 31st. It is at that time the CBI will make a strategic decision of whether to do it now or continue to wait. If they pass the 31st, they cannot go back. In other words if the 31st comes and goes they have lost their opportunity to retroactively take this back to the first of January 2015 because the second quarter will have begun. If they pass this opportunity it removes the pressure on the CBI in one respect. The CBI under Shabibi always felt it would be best to do this at the beginning of a year. It doesn't change a thing though if they bypass this opportunity at this time. Iraq is working hard and will change its monetary system as well as its economic system this year. You have seen this in article after article. So don't get too discouraged and certainly don't give up. We are close. I stand by the intel - over $3.00 and this year - maybe the end of this quarter.
3-25-2015 Intel/Newshound Guru Poppy3 [any news on WTO?] I VERY MUCH EXPECT THAT WILL HAPPEN ALMOST SIMULTANEOUSLY WITH THE NEW RATE. I DON'T BELIEVE THEY WOULD BE ADMITTED AS A FULL MEMBER WITH 1166. THEY COULD BUT AT THAT RATE WOULD BE OF ZERO BENEFIT TO THEM OR ANYONE.
3-25-2015 Intel Guru Terry GOT WORD YESTERDAY THAT WE ARE TO SEE THIS BEFORE THE 1ST WHICH WOULD GO WITH THE INFO IM SEEING ABOUT THREE LAWS BEING BROUGHT FORTH. MONIES THAT WERE TO BE PAID TO A CERTAIN GROUP DID NOT REACH THEM AND WHAT I WAS TOLD IS BAGDAD HELD THEM TO PAY SALARIES AND NOW THEY ARE IN A BIG PICKLE AND HAVE TO DO THIS LIKE NOW. SO ABADI IS MAKING COMMITMENTS THAT HE CANT DO SO HE IS PULLING FAVORS TO PUSH THIS...WE SHALL SEE.
3-25-2015 Newshound Guru Adam Montana Here we are...another Wednesday...and I know what most of you really want to know. You don’t care about the HCL, the GOI or the CBI...heck, I’m there with you. The question is simple: DO I GET THE CHA-CHING THIS WEEK OR NOT?! Well, my friends...not YET...I can only relay what I'm hearing and feeling based on my contacts, the conversations I have with them, and then also the news that we all have access to. So, here goes. There is not an HCL in place yet. Don't start kicking things! I said “we don't have an HCL” at this moment. It IS coming! This whole thing is coming to a head. It simply can NOT keep being delayed. Wheels are in motion, and the snowball is rolling DOWNhill.
3-25-2015 Intel Guru DC In Iraq, everyone is ready to go, announcing it on their television that the financial crisis will end within the next few days. Everything is ramped up, and in all the ministries, the CBI and Dr Abadi’s office, everyone is ready. The exact time and day are only known by the PM and Dr. Shabibi. He has been reassuring everyone around the world that it will get done, to stay ready. They have nearly completed what they are doing in Tikrit, really breaking the back of ISIL. Even on television, they are saying that the financial reforms will be done in the next day. All the ministries are on high alert, waiting for the word from Abadi and Shabibi. Banks worldwide are coordinating and ready for that as well. Banks in the US and around the world have been on high alert, ramped up and ready to go. Iraq is absolutely ready and everyone is on the highest level of alert because they anticipate it going now.
3-25-2015 Intel Guru TNT Tony I don’t think we’ll get out of this month, because news is saying any minute, hour, or day. Their television is scrolling “economic reforms will be done for all citizens of Iraq” and that is being shown here in the US on Iraqi stations, which are usually two days behind events in Iraq. We have contacts in Iraq saying that has been done in-country, with a rate of $3.91 or slightly higher. It’s happened over there, but it is being revealed in stages. We always thought that it would be revealed everywhere at the same time, but they have decided to reveal it in controlled stages. We are not waiting for the RV and GCR to happen – it’s already happening. Too many people are being exchanged or given appointments right now, here and around the world. This is a good thing! ...in Iraq they expect this any time within the next few days.
3-25-2015 Newshound Guru Aggiedad77 Article: "Appearance Saleh warns of deterioration of the dinar and rumors denied" I think it is important to recall PM Abadi's background...very much heavy on the side of financial wisdom...the former head of the Financial Committee in Parliament I believe...you don't see him dancing with the Finance Committee pointing fingers at the CBI...no he chooses to meet with the governor of the CBI and backs the belief that the CBI needs to be independent of the government...they have their own governance to stand on...proudly...Dr. Saleh has been there and wore that CBI t-shirt, he understands the role the CBI has in Iraq's future...neither of these gentlemen are siding with the Finance Committee at this stage of their game....pay close attention to what both of them say and do...one is the spokes person for the other...the one has the clout in his hand to change things...what for change to evolve soon for Iraq...IMO.
3-25-2015 Intel/Newshound Guru Poppy3 there are laws that need passing but according to CBI the one's pending to be put is action as law don't effect the CBI giving the green light to turn the new RATE LOOSE. ABADI'S GOI NEEDS CASH FLOW DESPERATELY, HE HAS MADE THAT VERY CLEAR AND THE NEW RATE IS THE ONLY WAY LEFT TO PROVIDE THOSE FUNDS. WE ARE LOOKING VERY GOOD AT THIS POINT.
3-25-2015 Intel Guru Frank26 [via FrostyTheSnowman] The governor of the CBI and PM Abadi are still talking...SECURITY is extremely important! The SECURITY within the CBI...meaning the “laws”...there are like 1,500 or more...many will become active once the budget is opened. Why isn’t the budget open? We don’t have a rate yet. In the meantime, all of the math is being done on the CBI spreadsheet. The slate was cleaned...completely wiped clean mathematically. Are we going past March? We don’t know but we don’t think so. We don’t know a date/rate.
3-25-2015 Newshound Guru sczin11 WE KNOW PROGRESS IS CONTINUING...I KNOW MR [MONETARY REFORM] IS IN PROCESS... I JUST AM NOT CERTAIN HOW OR WHERE WE WILL SEE IT FIRST...WHAT I DO KNOW, IT WONT BE IN AN ANNOUNCEMENT BEFORE IT HAPPENS... WE MUST ALL STOP AND REALIZE, ONCE AND FOR ALL...NO-ONE KNOWS DATE...AND IF THEY WANTED US TO KNOW, THEY HAVE HAD NUMEROUS OPPORTUNITIES TO DIVULGE...THEY HAVENT, AND WONT...YOU MUST REALIZE THAT THE CBI WILL SHOW THE RATE, THE FOREX WILL SHOW A BUY AND SELL PRICE, AND THE BANKS WILL ALL SHOW THE EXCHANGE RATES THEY ARE OFFERING, JUST LIKE THEY DO NOW FOR THE DONG, EURO, AND OTHERS...
3-35-2015 Newshound Guru Millionday "...the decline in oil prices to unprecedented levels form a major challenge for the government and ministries of the state in the implementation of its development, noting the current financial crisis will be gone within the next few days..." THE ECONOMIC CRISIS -- WILL BE GONE IN THE NEXT FEW DAYS! NOW THAT WE LIKE. THEY PLAN TO RESCUE THE NATIONAL ECONOMY AND NO OIL PRICE OR TERRORISM WILL STAND IN THE WAY OF THE PROGRAM FOR THE ECONOMIC RESCUE -- WHOOOPOW. [COULD THAT MEAN AN RV?] THAT COULD INCLUDE THE ECONOMIC REALITY FOR THE MARKET ECONOMY THEY HAVE AS A GOAL...
3-24-2015 Intel/Newshound Guru tman23 The Kurd delegation coming to Baghdad to "restructure the agreement"... Lets just say... the Kurds are not coming to renegotiate anything...The Kurds need 1.2 billion per month and this is NOTHING NEW...Kirkut is told they will begin receiving $2 per barrel starting April...and they are set to deliver 400k barrels per day...Kurds consider Kirkut part of their territory...Point here is...lots of confusion and with Mustafa in Baghdad for the Kurd region before the arrival of the delegation...Abadi and team best have the ultimate game plan and offer...Again all eyes should be on the Kurds. 3-24-2015 Newshound Guru Kaperoni Article: "Government agrees to accept the proposal of the central instruments of private banks to taxes and fees" I remember back to early March when Allaq said he was giving the "green light" to delete the zeros...he said..."this process will be preceded by regulatory and administrative operations" Sure looks to me like they are putting those procedures in place now.
3-24-2015 Newshound Guru sczin11 I AM MORE ENCOURAGED ABOUT THE FACT THAT ABADI MET WITH CBI GOVERNOR PRIVATELY, FIRST TIME I EVER SAW SOMETHING LIKE THAT, THEN I AM ABOUT THE "TRANSLATIONS" OF WHAT WAS DISCUSSED...THE TRANSLATIONS CAN BE VERY AMBIGUOUS...BUT WHY PRIVATE MEETING AT ALL, AT THIS TIME? THAT IS EXCITING.
3-24-2015 Newshound Guru Kaperoni Article quotes: "Iraqis Economists Association predicted, Iraq was able to overcome its financial crisis... "...that the government, despite its preoccupation war and military operations against terrorist groups, but it has developed an economic program aimed at development and emerge from the current financial crisis." ...there are several ways to overcome a financial crisis...such as the sale of bonds, increase in oil exports, price changes, etc. ...we know the solution is opening the market economy. Clearly there is a plan and Abadi appears to be determined to make sure it succeeds. Where exactly currency reform fits in that strategy is unknown...but it is required for a market economy to succeed so it is coming. I personally do think that the meeting between Abadi and Allaq was important and what was discussed appears to be very private as in the past when such a meeting would occur, usually some staff accompanies. Personally, I continue to believe laws must be passed before the CBI will make any moves and this ISIL war needs to be more under control.
3-24-2015 Newshound/Intel Guru BGG Article quote: "Prime Minister, Dr. Haider al-Abadi, received in his office on Monday, the governor of the Central Bank on the Keywords. During the meeting, they discussed the work of the central bank’s strategy for the coming period and the control of the Iraqi dinar exchange rate against foreign currencies." That statement is so powerful. Apparently they intend to have dinar exchanged against foreign currencies...not just a foreign currency...foreign currencies...plural...it means international. I think the CBI governor is feeling the heat right now...will he play ball or will he be removed? It was a one on one meeting and the fact that they are meeting and talking in that context is fantastic.
3-24-2015 Intel Guru DC WE DON'T KNOW THE DATE OR TIME...IT VERY WELL COULD BE TODAY OR WHATEVER!
3-24-2015 Newshound Guru Millionday Article quote: "Prime Minister ", received in his office today, Governor of the Central Bank on the Keywords," noting that "During the meeting, they discussed the work of the central bank's strategy for the coming period and the control of the Iraqi dinar exchange rate against currencies foreign." THIS IS A MEETING WITH ABADI AND CBI GOVERNOR. ABADI IS STRESSING THE INDEPENDENCE OF CBI BUT IS STATING THAT THE ECONOMIC AND FINANCIAL REALITY AND ALL POLICIES NEED TO BE MOVED FORWARD TO REACH THEIR GOALS.
3-24-2015 Intel Guru TNT Tony [via Already Blessed] EVERYTHING IS LOOKING GOOD AND MOVING... HANG ON! ...IT IS STILL OUR WEEK!
3-24-2015 Newshound Guru Millionday THIS WILL CHANGE THE WAY THAT ECONOMIC DATA IS DONE WITH FINANCIAL IMPACT A NEW CODING SYSTEM. I THINK THAT THE REFORMS MAY HAVE BEEN RELIANT ON THE NEW SYSTEM AS IT WOULD NOT BE SMART TO ACTIVATE THE OLD SYSTEM WHEN THE NEW SYSTEM WAS ABOUT DONE --- SO LOOKS LIKE THIS WAS IMPORTANT TO BE DONE BEFORE IRAQ ECONOMIC REFORMS OR EVEN COUNTRY REFORMS. [post 2 of 2]
3-24-2015 Newshound Guru Millionday Article quote: "A statement by the Arab Monetary Fund, seen by the "morning" will participate in the meeting of the World Bank representative...it is scheduled to attend the President of the Board of Directors overseeing the coding system Consolidated global legal related Council financial stability, which will give a presentation about the new coding system and its impact on payment and settlement systems." THE MEETING THEY ARE TALKING ABOUT IS HUGE AND IS ABOUT THE IMPLEMENTATION OF A NEW SYSTEM IN THE INFRASTRUCTURE FOR CAPITAL MARKETS AND THIS IS ISSUED BY BIS (BANK OF INTERNATIONAL SETTLEMENTS). THIS INTERNATIONAL CODING SYSTEM WILL BE PRESENTED TO SHOW HOW IT WILL BE IMPLEMENTED AND ALSO ITS IMPACT ON THE ARAB REGION. [post 1 of 2....stay tuned]
3-24-2015 Intel Guru Jester THE FACT OF THE MATTER IS THE INFORMATION I RECEIVE IS THAT EVERYTHING IS DONE THAT NEEDS TO BE DONE...THAT THERE IS NOT ONE OTHER THING THAT NEEDS TO BE DONE...SO THAT LEAVES ONE THING LEFT... WHY IS IT NOT MOVING FORWARD? THE US IS THE HOLD UP. MY SOURCES SAY THERE IS NOTHING LEFT TO DO...EXACT WORD WERE ACTUAL...NOT ONE THING LEFT TO DO...
3-24-2015 Newshound Guru sczin11 WHAT MANY DO NOT UNDERSTAND, IS THAT THE RAISING OF THE VALUE OF THE DINAR, AGAINST INTERNATIONAL CURRENCIES, THE PAIRING IF YOU WILL, HAS LITTLE DIRECT EFFECT ON THE IN COUNTRY CITIZENS...FOR EXCHANGE PURPOSES...THE CITIZENS WILL REAP THE BENEFITS, WHEN THE COSTS OF THEIR GOODS PURCHASED ARE REDUCED, AS A RESULT OF LARGER PURCHASING POWER BY THE IMPORTERS...
3-24-2015 Newshound Guru Kaperoni Article quote: "The head of the House of Representatives has called for a conference with friendly countries to get Iraq out of its economic crisis" ...these economic conferences are a waste of time and money. Until Iraq passes the laws for economic and banking support, the market economy is stalled. Rather than hold these conferences asking everyone to help, turn to parliament and find a way to get the job done.
3-24-2015 Intel Guru Frank26 Today the GOI and CBI work together...the governor of the CBI (whoever that is) and Abadi got together and Abadi tells him maybe I should be in control of the IQD mechanism. I’ve never seen the PM and the governor of the CBI discuss these facts and add value to their currency and talk about the mechanism to do it. ...the governor of CBI in my strong opinion is Dr. Shabbi. The head of the CBI and the GOI met together. They need to be Article 8 compliant. They need to add value to their currency! If you take everything I’m saying right now and literally put it all across a piece of paper you will see an evolution a growth pattern leading to adding value of the IQD and Article 8 compliance! We now have 2 leaders working on the mechanism to lift the zeros! It doesn’t get any better than that! [post 3 of 3]
3-24-2015 Intel Guru Frank26 The Finance Committee said that the IQD is collapsing...if this country [Iraq] does not comply with Article 8 very soon it will collapse! Abadi basically said [in Germany] that “I want the RI/RV but we need to see peace and security in our neighborhoods first.” Abadi wants Article 8 compliance! ...there may be no RI/RV until ISIS is secured and we see security. The international community got the message. Security is taking charge! ISIS is being choked. We are much farther along than most people think! Meanwhile the IMF praises the steps that Iraq is taking. [post 2 of 3....stay tuned]
3-24-2015 Intel Guru Frank26 [via Frosty the Snowman] Everything is going in the direction to add value to the IQD. They cleaned-off the 1166 rate on the spreadsheet and we were excited! [Guru] Delta told us to pay attention to the Bank of Baghdad who was making some amazing announcements. The Bank of Baghdad is literally telling the international world and the citizens of Iraq that we are going to take good care of you...we’ve got some good services for you...some good products for you, etc. All of that ain’t true. There’s no liquidity. Yes they have a new technology system but none of it is realistic until they comply with Article 8 and raise the value of their currency! [post 1 of 3....stay tuned]
3-24-2015 Newshound Guru sczin11 YOU MUST CRAWL BEFORE YOU CAN RUN...(TO THE BANK)...WE ARE SEEING STEPS IN A METICULOUSLY PLANNED OUT PROCESS...FOR 2 MONTHS NOW, MR [MONETARY REFORM] HAS BEEN IN PROCESS... JUST BY THE RELEASES WE HAVE SEEN, THAT IS OBVIOUS...WE DON'T KNOW THE LAST STEP, WE DON'T KNOW WHEN, BUT WE MUST BE ENCOURAGED...Quote: "Mr. Prime Minister, Dr. Haider al-Abadi, received in his office on Monday, the governor of the Central Bank on the Keywords. During the meeting, they discussed the work of the central bank's strategy for the coming period and the control of the Iraqi dinar exchange rate against foreign currencies" WHEN HAVE WE EVER SEEN A MEETING IN THE PM'S OFFICE WITH THE CBI GOVERNOR, DISCUSSING EXCHANGE RATES?
3-24-2015 Newshound Guru Millionday [Do you think they are working behind the scenes and are farther long then we think?] YES -- I THINK THAT BY THE TIME THE NEWS HAS BEEN IN SOME INSTANCES -- APPROVED-- IT IS A COUPLE DAYS LATE AND WE HAVE SEEN THAT AS WELL -- ALSO...FOR SECURITY PURPOSES --- I WOULD SAY THAT MANY ARE LATE IN REPORTING AS FAR AS MILITARY ACTION AND MOVEMENT OF PEOPLE AS WE HAVE SEEN IN THE PAST. ALSO -- WE HAVE SEEN LAWS GO TO PARLIAMENT AND NO COMMENT FOR A WHILE AND THEN THE ACTION OF THAT LAW IN THE NEWS.
3-24-2015 Intel Guru TD After a long drought of no information from my Kurdish friend I reached out to check on the rumors that an "RV rollout had begun ". Of course as usual treat ALL you hear or read as rumor and please due your own diligence. He humored me by calling a few contacts in different provinces of Iraq and no one including bankers know of any such claims. ...he indicated that Abadi's government is complying with terms reached with the Kurdistan region including timely payments. The major push this spring/summer against ISIS remains the main and only focus of action and other social, economic and monetary reform programs are being worked through but simply on a planning and development basis with implementation on most to be further evaluated and implemented later this year as conditions on the ground warrant any rollout. Right now and near term addressing the security and stability situation of the country is priority ONE. Don't expect much else for months to come.
3-23-2015 Newshound Guru Millionday [do you see Iraq waiting on other Global economic moves and strategy before they RV or are they simply on their own timeline acting independently?] I THINK THAT THIS WILL HAVE A GLOBAL IMPACT DUE TO THE MARKET ECONOMY THAT IS THEIR GOAL ALONG WITH THE WTO THAT MANY COUNTRIES ARE A PART OF -- THE EMERGING ECONOMIES MUST HAVE AN IMPACT OR THEY NEED TO GO BACK TO THE DRAWING BOARD BUT -- THIS ONE HAS BEEN ANNOUNCED TO BE AN EVENT THAT WILL IMPACT THE GLOBE AND THERE ARE MANY REFERENCES TO AGREEMENTS IN TRADE AND ALSO THE ISX HAS BEEN HOOKED TO NASDAQ SO THE AVOIDANCE OF AN IMPACT CANT BE DONE -- SO I THINK AN IMPACT NOT A RELIANCE.
3-23-2015 Newshound Guru Kaperoni The bottom line is Allaq has his hands tied right now...until the GOI gets parliament to set the stage (pass the laws of economic and banking) for investment and investors, the CBI cannot float the dinar. They work hand in hand to drive the exchange rate up..and so we wait. This is not new, we have been saying this for a very long time. Article quote: "Mr. Prime Minister, Dr. Haider al-Abadi, received in his office on Monday, Governor of the Central Bank, Mr. Ali relationship. During the meeting, they discussed the work of the central bank's strategy for the coming period and the control of the Iraqi dinar exchange rate against foreign currencies." I was thinking about this...usually when there are meetings like this a few more players are involved. One on one with the PM is probably very sensitive in nature...which IMO is a good sign. We may be close.
3-23-2015 Intel Guru TerryK HEARING A LOT OF GOOD STUFF...BRACE YOURSELF...IM GETTING INFO DUE TO PARLIAMENT NOT MEETING TOMORROW AND COMING BACK SATURDAY THIS MAY PUSH OUT...THEY ALWAYS SAY SATURDAY NIGHT FOR THEM TO CLICK AND WITH SUNDAY BANKING DAY IN IRAQ MAKES SENSE. IM THINKING NO LATER THAN THIS WEEKEND BASED ON THE PARTY BOYS NOT COMING BACK UNTIL SATURDAY. 1.09 DONG...WHAT IM HEARING.
3-23-2015 Intel/Newshound Guru tman23 ...I am looking to see what takes place before April 2...because it starts a new quarter...and I do not believe they will RV in the middle of a quarter...They have said as much in past articles (lift the zeros).
3-23-2015 Intel Guru TNT Tony [via Adept1] On Saturday there was an article saying Dr. Abadi will activate the private sector on Tuesday. On Sunday, there were announcements in the mosques explaining how their cards would operate in Iraq and overseas. ON Thursday, there were letters saying their cards would be activated at $3.91 on Monday, and that didn’t happen so far today. People we talked to today in Iraq said they are expecting this any moment, and on television they showed the celebrations all weekend. They also said that tomorrow they will briefed on new rates of Iraq to dollars. We are in a good place so far as Iraq is concerned. So senior people are sequestered, and everyone else is being called in including security. Everyone is excited and on their toes because they are anticipating this happening today, tomorrow… this is right now, and the information can change in an hour. It changed five times yesterday! But we are ready to go right now.
3-23-2015 Intel Guru DC [via Adept1] Bottom line, it’s phenomenally good...it should have happened this weekend. But they didn’t send everyone home, they just pushed it back 24-36 hours. Everyone is still in place.... everyone is on the highest of high alerts because this is getting done. Iraq continues prep work, and it’s been public in the mosques. They have said there will be re-instatement or revaluation of their currency in the next day or two, and some have said Tuesday in the mosques. The rest of the cards were supposed to be activated for the general public at $3.91 by today; that has not happened. The rates are the same as we talked about last week. There have been announcements from the finance ministry and Dr. Abadi’s office that private sector will be activated on Tuesday.
3-23-2015 Newshound Guru Shredd I agree Saleh is on board for what is obvious to be Abadi's plan to economically move Iraq forward...it's crystal clear there must be solid protections for investor money before investment can come into iraq. the concerns around security will continue but that must be mitigated with assurances that investors aren't going to lose their butts. all the news we've seen over the last few months is pointing to that... investment insurance, fx protections, account balance protection and high returns will give comfort to investors risking their principal cash...this all plays into the "internationally accepted/recognized dinar"...
3-23-2015 Newshound Guru sczin11 They have stated they want full accession to the world trade organization...we see progress there, with a recent update on their web site... They have stated they want the dinar to be their sole currency...they are implementing changes to the economy and the private sector...they have upgraded their banking system, checks and balances, anti money laundering controls, counterfeiting preventions, electronic techniques, high security featured notes, etc... Judicial intervention is rampant...seeking to take down all involved in corruption, now and from the past...Many foreign companies are coming into iraq, opening consulates and embassies, bringing business, and offering loans and credit terms... International banks opening in iraq? Why? Do you have any idea of the cost, to set up a bank in a new, foreign location? Here is what we do know...we own the currency of a country... Not just any country, a country that is being sought after, defended, and guided, by most of the international world...To me that is very telling, i hope it is to you as well! [post 2 of 2]
3-23-2015 Newshound Guru sczin11 what to believe...and what not to believe! We read, we talk, we ponder, we dream...we hope to see progress...and every time we think we see motion in a positive direction, either it is debunked by something new, proven false, or seemingly un-confirmed! Case in point most recently... baghdad sends $420 million dollars to kurds...490 billion dinars...4-5 days later, $250 million dollars is stated...and implied, not even there yet... For some strange reason, it appears one hand doesn't know what the other is saying or doing...or on purpose, they choose to placate their people, and attempt to misguide the rest of the world... What we do know is very telling, however... They have a new government, one that believes in the democratic process, one that wants to show the world, the real iraq... The new iraq... The wealthy, powerful, sovereign, caring country in the middle east. [post 1 of 2....stay tuned]
3-23-2015 Intel Guru Bulldog75 GCR [Global Currency Reset] is around the corner. Watch gold and silver go to probable $5000 and $300 respectively along with the currency reset. Buckle up.
3-23-2015 Newshound Guru Millionday PARLIAMENT...MET TODAY [SUNDAY] AND KURDS HAVE ASKED TO HAVE SESSION MOVED TO MARCH 28TH...SHIA NEW YEAR -- SHIA CELEBRATE IT ALL AROUND THE WORLD... BUT THEY WILL CONTINUE WORKING THROUGH THE WEEK AS WELL... [will they be able to vote on anything without the kurds there?] I WOULD SAY THEY WOULD NOT -- BUT IT DEPENDS ON HOW MANY PEOPLE ARE THERE BY WHAT WE HAVE SEEN IN THE PAST. [do they need the kurds in house to pass an RV or can it happen when they are away...can swift action occur while they are celebrating their holiday?] CBI IS AN INDEPENDENT AND IT HAS THE POWER TO SET THE EXCHANGE RATE IN THE COUNTRY BY WHAT WE READ. 3-22-2015 Intel/Newshound Guru Poppy3 ...WHY WOULD A BANK NEED EMPLOYEES TO COME IN EARLY...THERE WILL BE NO RUN ON A BANK THERE ARE LESS THAN ONE PERCENT OF THE PEOPLE IN AMERICA EVEN KNOWS WHAT A DINAR IS MUCH LESS INVESTED. IT WILL NOT EVEN MATCH NUMBERS ON A NORMAL FRIDAY PAY DAY. I ALSO KNOW FROM A FORMER TREASURY CONTACT THERE WILL BE LESS THAN 5 PEOPLE IN AMERICA THAT WILL KNOW AHEAD OF TIME AND THEY WILL NOT KNOW TILL LESS THAN 30 MINS BEFORE IT WILL GO GLOBAL!
3-22-2015 Intel/Newshoud Guru tman23 3 parties in Kurdistan ...PUK..(Talibani)...KDP (Barzani)...Mustafa (Gorran)...Talibani and Barzani are speaking of independence from Baghdad...Mustafa party has a large say after last election in Kurd region...Mustafa is meeting NOW with Baghdad...So we wait and see what pressure he applies...Kurd leaders have had enough of Baghdad...The pressure is being applied by the Kurds!!
3-22-2015 Newshound Guru Millionday Article quote: "Rafidain Bank announced on Saturday the launch of the short message service sms to report the date of disbursement of pensions through the smart card..."the last and in coordination with the global smart card agreed with Zain Telecom..." THEY HAVE LAUNCHED THE ELECTRONIC INFORMATION TO INFORM OF BENEFITS OF RETIREMENT FOR SMART CARDS ...THEY ALSO WILL BE ABLE TO USE THIS CARD GLOBAL ACCORDING TO REPORTS.
3-22-2015 Newshound Guru sczin11 ALOT GOING ON, AND YET AT SAME TIME FEELS LIKE NOTHING IS HAPPENING... IT IS TOUGH TO STAY ENCOURAGED... BUT, IF YOU JUST LOOK AT ALL THE VARIOUS THINGS TAKING PLACE, IN ALL ASPECTS OF ECONOMIC AND MONETARY REFORM, IT IS VERY HARD NOT TO BE EXCITED AT THE PROGRESS WE CONTINUE TO SEE...
3-22-2015 Newshound Guru OOTW i'm hoping that they're working quickly on the census...the constitution states that there has to be a census done for art 140 - in re to distribution of oil payments to the kurds/citizens. I don't think it's a condition for monetary reform...it's a condition for the oil distribution payments.
3-22-2015 Intel/Newshound Guru Poppy3 ...I HAVE BEEN TOLD ON TWO OCCASIONS FROM THE BEST POSSIBLE HIGH RANKING SOURCES THAT IRAQ IS IN THE FINAL STAGES OF THE PROCESS OF BEING ON THE ECONOMIC GLOBAL STAGE ...THE LEADERS KNOW WHAT IS NEEDED AND THEY ARE GOING 110% TRYING TO GET TO THAT POINT. I AM RELAXED AND CONFIDENT IN OUR INVESTMENT.
3-22-2015 Newshound Guru Enorrste I don't see anything in this short article that indicates that the plan has been put on hold. Instead, I see that the IMF is pointing out that the street rate and official rate are separating; nothing more than that. This isn't news to the CBI. They are clearly aware of the situation. The solution, as I have stated before, is to move to a new exchange rate regime. Once that is done then the street rate and the offical rate become synonymous. Ninety days later, should they want to, Iraq could move to Article VIII of the IMF Charter. To conclude: this article is simply stating the facts: Iraq is not in compliance. It implies that the Parliamentary restrictions are the source of this lack of compliance and that something should be done to tell Parliament to "bug off." [post 2 of 2]
3-22-2015 Newshound Guru Enorrste Article: "IMF Staff Concludes the 2015 Article IV Mission for Iraq" Quote: "The foreign exchange market has remained stable in 2014 following steps taken by the CBI to liberalize it, and the parallel market spread had declined to 3.5 percent at the end of the year. However, the authorities should reconsider the caps on CBI foreign exchange sales and the collection of custom duties through commercial banks. These measures are effectively restricting the supply of foreign exchange to the Iraqi economy and have boosted the parallel market rates to record levels in the past weeks." I don't think the article is referring to the remittances...but only to the Parliament's illegal action to limit the CBI's ability to do its work. With respect to the overall impact of the Article IV consultation, I believe we should wait for more details and their official statement before we get riled up. [post 1 of 2....stay tuned]
3-22-2015 Newshound Guru Millionday Article quote: "Zubaidi said according to the statement of Ministers to the importance of "investing in Iraq, especially in the land, sea and air transport projects to serve the common interests of our Arab". ...THEY ANNOUNCED THIS WEEK THEY ARE READY TO RECEIVE ALL THE ARAB COMPANIES TO INVEST -- WHOOPOW. [would keeping the rate at 1166 give foreign countries more investing power?] NOT AT THE PRICES THEY HAVE SET -- AND THE LACK OF THE ABILITY TO JOIN THE MARKET ECONOMY... TO OPEN THE DOORS TO INVEST THE COMPANIES THAT ARE INVESTING WOULD ALSO LIKE TOURISM AND ALL SECTORS TO BE OPEN -- WITH NO MARKET ECONOMY THE ABILITY TO MAKE MONEY IS MINIMIZED WITH A GLOBAL ECONOMY AS WE ARE USED TO AND MANY IN THE GLOBE ARE AS WELL.
3-22-2015 Newshound Guru wmawhite What we do not have are the details of each event we are told about. However, most of what they want to do eventually requires the IQD to move back and forth electronically through the central bank system. Prime Minister Abadi has already told the world (when in Davos and Berlin) that Iraq is joining them on the world economic stage. That means that the IQD will have true value. Every week or so they tell us a little more. They are preparing to walk up onto that stage. ...remember that the revaluing/repricing of the IQD is only one of many, many events that need to happen for Iraq. To us, it is the only event. I believe that Abadi is going to do what is best for Iraq at the best time for Iraq. Not necessarily the best time for me. [post 2 of 2]
3-22-2015 Newshound Guru wmawhite [Do you have an opinion on the ISX Glitch.. Feed error? Or maybe not?] It is difficult for me to believe such a large % change is an error in the state of the art trading system they the ISX just put into operation. [what is the hold up with rv any ideas?] I do not believe there is any hold up with the re pricing of the IQD. To say there is a hold up implies that we know their schedule. However, we do not know their schedule so we do not know that there is a hold up. We know what is going on...they continue to tell us every few days. We were told two weeks ago that the green light was given to process with the "project". Prime Minister Abadi told us last week that he is activating the private sector. [post 1 of 2....stay tuned]
3-22-2015 Newshound Guru sczin11 THIS WEEK IN REVIEW...IMF REPORTS 2015 CONSULTATION...WTO REPORTS REVISION 9...ISX SHOWS EITHER A MAJOR GLITCH, STILL NOT CORRECTED, OR A TREMENDOUS INFLUX OF MONEY, A FEW DAYS AFTER REPORTING A COMPLETE WITHDRAWAL OF INVESTMENT MONEY, THE WORST THEY HAVE SEEN IN A LONG WHILE, IF EVER...CBI SAYS DINAR IS FINE, DON'T WORRY ABOUT WHAT YOU SEE...WILL ALL BE CORRECTED IN A FEW DAYS...MONEY, AND A NICE CHUNK, WAS SENT BY BAGHDAD TO THE KURDS...LOTS OF TALK ABOUT TIKRIT BEING TAKEN BACK BY IRAQ....MAJOR BONDS BEING OFFERED TO PAY OFF OIL COMPANY DEBTS... INVESTMENT LAW AMENDMENTS BEING TALKED ABOUT AGAIN...LOTS TO BE ENCOURAGED ABOUT...YET WE STILL WAIT, AND SEE...
3-22-2015 Intel Guru EXOGEN NOBODY IN IQD LAND KNOWS THE DATE OR THE RATE...HOWEVER...THE INTEL TODAY IS ON STEROIDS. I WILL TELL YOU THIS THE NUMBERS GURUS ARE THROWING AROUND HAVE BEEN ACTUALLY SPOTTED AND ARE NOT MAKE BELIEVE. 3-21-2015 Newshound Guru sczin11 IT IS NOT ABOUT HOPE...IT IS ABOUT WHEN? WE ARE DEALING WITH THE CURRENCY OF ONE OF THE WEALTHIEST COUNTRIES IN THE WORLD, IF NOT THE WEALTHIEST...WHARE TRYING DESPERATELY HARD, DILIGENTLY, AND METICULOUSLY, TO REBUILD THEIR INFRASTRUCTURE, REGAIN CONFIDENCE OF THEIR PEOPLE, AND LURE IN THE FOREIGN INVESTOR...ALL AT THE SAME TIME AS KEEPING PEACE, MAKING AMENDS, AND SUPPORTING THEIR BROTHERLY NEIGHBORS!!
3-21-2015 Intel Guru Mnt Goat ...they have begun to rollout the new rate of $3.91 to the provinces but not yet to the international arena. All the mechanisms to do so are implemented, even the banks have the new rates and are live (but you need exchange codes to conduct transactions) but until the new rates flow to the international money markets and exchanges, the money spigot is not yet opened entirely to the rest of the world. This is what we need. [post 3 of 3]
3-21-2015 Intel Guru Mnt Goat ...the IMF said...the IQD would come out at least equal to the value of $1.00 USD. The IMF needed a stable currency. They would not RV until it could be valued at least to $1.00. This is all they were saying. Then in being questioned by the news media in 2010, Dr Shabibi even said the dinar could sustain a value up to $16.00. Why would he say announce this to the world if he intended to come out with initial value of 1166 or 40 cents or even $1.00? The rate upon going international is going to be way over $3.00 ($3.91+). [post 2 of 3....stay tuned]
3-21-2015 Intel Guru Mnt Goat ...the RV rollout has begun...The major obstacle is ISIS as it is slowing down the rollout more than was in the original plan. But be assured it is occurring. Some...are still...talking about the IQD rate coming out at the provisional or program rate (around 1166). This is of course foolish... First we know for a fact that Iraq is already paying out on Qi cards the adjusted rate of $3.91. This is a converted rate from their 1166 program rate to USD. Second if the rate was to come out so low...the hedge funds and money managers would come in and gobble up trillions worth literally within hours...and drive up the value very quickly in doing so. [post 1 of 3....stay tuned]
3-21-2015 Intel Guru Jester [what is going on with the Kurds and Baghdad...have you heard anything new there?] I AM TOLD IT IS ALL WORKED OUT...WE WILL SEE...I AM TOLD THEY ARE PAID AND WAITING SAME AS US...OTHERS SAY THEY ARE TICKED...AND IF THAT IS TRUE THEN WHY NOT? THEY WILL LIKE TO BE PAID TODAY SAME AS YOU.
3-21-2015 Newshound/Intel Guru Bluedog Article quote: "The United Nations expressed, on Saturday, welcomed the announcement by the Iraqi government to send $ 420 million to the Kurdistan region, calling on both parties to proceed with the implementation of the oil agreement." IMO...JUST STALLING WAITING FOR THE COMING RATE...COULD IT BE WAITING FOR THE LAST DAASH (ISIS) OR WHATEVER...ALL TERROR... KILLED...? NO...THERE WILL ALWAYS BE CONFLICT AND TERRORIST IN THE MIDDLE EAST...BUT AS SOON AS THE NEW RATE GOES FORTH...THINGS WILL CALM WAY DOWN AS IN KUWAIT AND DUBIA WHERE FOLKS SHARE IN THE COUNTRIES RICHES AND BETTER BUYING POWER.
3-21-2015 Newshound Guru Millionday [do we know what happened with the ISX yesterday? any solid information on why it jumped so high?] NO IT IS STILL ON THERE. Quote: "Close price index ISX 60 in the Sunday session on 15/3/2015 (879.180 points)...] SO AS WE SEE -- THEY STATE HERE THAT THEY CLOSED THE PRICE INDEX ISX 60 -- ON SUNDAY THE 15TH OF MARCH. Quote: "The market value for the current week 8.906 trillion dinars. Compared with the market value last week's 7.981 trillion dinars, an increase of 11%." I HAVE TO SAY AS WELL...KNOW THAT AN INCREASE OF 11% DOES NOT SEEM TO MANY TO BE BAD NEWS EVEN THOUGH IT IS NOT 1100%+ --- THAT IS HUGE AMOUNT IN MY OPINION ONLY.
3-21-2015 Newshound Guru Breitling There's one guy out there who's pretty smart…he talked about the dinar will never revalue because they have 30 Trillion dinar out there. That's true. But I've always said that. The clues are you HAVE to believe they are going to reduce the note count…so there is not 30 trillion anymore, they lowered it. For some reason they never listened to Dr. Shabibi who was the governor of the CBI talking about 'we're going to reduce the note count by 70% and add value to it.' That's where the rate justification report came in…but it's based on a certain note count. They want to add value to the currency…when is it going to happen? That's the question… [Post 2 of 2...See Breitling's update on 3-20-2015 for more info about note count]
3-21-2015 Newshound Guru sczin11 THE WTO HAS AN...UPDATE ON ACCESSION OF IRAQ TO WORLD TRADE ORGANIZATION. LOOKS LIKE WE ARE ON REVISION 9, AS OPPOSED TO LAST JULY REVISION 8. [wont the rv happen b4 the wto?] WTO NEEDS RV, RV DOESNT NEED WTO//SO YES U R CORRECT. ...THE MERE FACT THERE IS AN UPDATE TODAY...MEANS WHAT? SOMETHING IS HAPPENING.
3-21-2015 Newshound Guru Breitling ...people are saying "you're not posting as much…if you think it's not going to revalue or it's going to be a little bit down the road say something." People are starting to panic a little bit…It has nothing to do with that [Breitling's Dad got very sick in November, spent a lot of time with him and recently passed :( ] …I'm very very motivated and have more confidence in this investment more than ever…There's nothing I'm seeing that there's cracks in this or anything like that it's completely the opposite…it's [the dinar] is recognized by the IMF. Period end of story. Their definition of internationally recognized is it's supply X velocity…how much is it used. It's ALREADY "official" but they have to add purchasing power to it so people will use it. They can't have a currency that's worth a 10th of a penny and they say 'hey you should use our currency.' That's not going to work… [Post 1 of 2 stay tuned for the rest of the story]
Read more: http://www.dinarguru.com/#ixzz3W3nV2LMl
3-21-2015 Newshound Guru Millionday [do we know what happened with the ISX yesterday? any solid information on why it jumped so high?] NO IT IS STILL ON THERE. Quote: "Close price index ISX 60 in the Sunday session on 15/3/2015 (879.180 points)...] SO AS WE SEE -- THEY STATE HERE THAT THEY CLOSED THE PRICE INDEX ISX 60 -- ON SUNDAY THE 15TH OF MARCH. Quote: "The market value for the current week 8.906 trillion dinars. Compared with the market value last week's 7.981 trillion dinars, an increase of 11%." I HAVE TO SAY AS WELL...KNOW THAT AN INCREASE OF 11% DOES NOT SEEM TO MANY TO BE BAD NEWS EVEN THOUGH IT IS NOT 1100%+ --- THAT IS HUGE AMOUNT IN MY OPINION ONLY. 3-20-2015 Intel/Newshound Guru Backdoc WE HAVE ALREADY SEEN IMPLEMENTATION OF THE HCL LAW AND NOW AWAIT THE FINAL IMPLEMENTATION OF A FEW PARAGRAPHS ON THE 28TH THAT THEY HAVE TWEEKED. WE KNOW THEY HAVE ALSO SAID THEY ARE IN AGREEMENT! THE ABADI EXPRESS IS COMING INTO THE STATION...
3-20-2015 Intel Guru TNT Tony We understand where we are in the process. Everything that was on the television Wednesday was on the television today as well. The person who got their cards upgraded has family who are now at $3.91. They could possibly drag it out until next Monday or Tuesday, but I don’t think so. We were told that it was going live yesterday morning and it did go live but for only 3-4 hours. They ran some people through to make sure it working. Announcements went out in Iraq to prepare for celebrations in all government offices, although they didn’t say when. We aren’t at the edge, we are over the edge, we just don’t know when they will let us drop. I 100% do NOT see it happening today, although the weekend is something different.
3-20-2015 Newshound Guru Breitling Only this crowd makes this mistake…Iraq does not have 95 trillion dinar rolling around anywhere…that is what the country is WORTH. This is the exact same formula we use here in the United States, they use in Vietnam, in China...it doesn't matter. We've had 4 reports come out of the CBI…9 billion notes, 6 billion notes, 4 billion notes and another saying their target is 1 billion notes…where is it at? I have absolutely no clue…nobody does. What do they say? they say they're going to add value that they are going to reduce the note count…If they were just going to reduce the note count by introducing a new currency and they weren't going to use the currency you and I have then there would be no reason to reduce the notes you and I have…they would simply retire them and introduce the new note. So those are the indicators that there is growth…[Post 2 of 2]
3-20-2015 Intel Guru DC [via Adept1] Everything looks really good. The summary is simple...we don’t know the exact time; we are hanging off the edge but not falling. Everyone is waiting. Iraq is ready...they are still on the fourth stage of the economic reform. The majority of Qi cards have been adjusted from $3.58 to $3.91. They did have a celebration about beating Da’ash and how that group is eroding; they are expecting to have more parities this weekend, too. In the USA, the Fed, bankers, UST, etc., have all been on lockdown all week. The systems were live on Wednesday and Thursday for hours at a time. They were exchanging a few people, one at a time, to make sure the systems were working correctly. That has been going on for a week, and full on since Wednesday afternoon, in the US and throughout the world. The banks are geared up again for as early as this evening and this weekend. The US and the rest of the world is on super-duper high alert all week, and they anticipate this going down at any time. We are just waiting for Shabibi and Abadi to push the button.
3-20-2015 Newshound Guru Breitling ...The note count IS the dinar. Where people get confused is when they say that Iraq has 95 trillion dinar…that's its country's value. That's it's total value. It's the M0, M1, M2 and M3 reports and they break it up into the different parts…you have the commodities, the short term deposits, the long term deposits, you have the oil, you have the foreign currency reserve and then they add up how much it's worth…they DON'T have 95 trillion dinar…what they are is WORTH 95 trillion dinar and the reserve is worth in U.S. dollars 80 Billion. But what represents all this wealth? What was the last report we got from the CBI? 4 Billion notes…I don't know exactly how many dinar that represents but remember…the hight of the note count was 9 billion notes that represented 30 trillion dinar. And they said they were going to get it down 70%. So it's a classic mistake… [Post 1of 2 stay tuned for the rest of the story]
3-20-2015 Intel/Newshound Guru Backdoc WHEN THINGS LOOK THE WORST, THEY ARE THE BEST! CLEARLY, THERE IS A FOCUS ON SECURITY AS WE SEE! JUST HOW FAR ALONG WE ARE WE MAY NOT EXACTLY KNOW! THE MORE WE SEE ON THE FACTS WITH THURSDAYS ISX SESSION I AM HIGHLY SUSPICIOUS WHEN I SEE A SESSION CLOSE DOWN FOR THE DAY AND LATER WE SEE A 1000% CHANGE ON THE INDEXES' VALUE WITH TRADING CLOSED FOR THE DAY! TIME WILL WRITE THE HISTORY ON THIS ISSUE OF COURSE! ONE HAS TO WONDER IF THAT CHANGE IS SIMPLY A VALUE CHANGE IF ZEROS WERE REMOVED. THE NEW VALUE WOULD BE REFLECTED BY THIS INCREASE DIFFERENCE! WE SIMPLY NEED TO WAIT TILL THE MARKET RE-OPENS FOR THE ANSWER! WILL THE MARKET RE-OPEN ON SUNDAY? IF NOT AND WE HAVEN'T SEEN AN INTERNATIONAL RATE THE ODDS INCREASE MY THOUGHT COULD BE RIGHT! TIME WILL TELL.
3-20-2015 Newshound Guru Adam Montana [I still do not see how Iraq can ever RV at any rate that most of us would like to see due to approximately 30-40 trillion dollars in circulation. That is an almost astronomical number... I...wish they really were taking money out of circulation with these auctions but no one really seems to know the true story there.] The rate: I don't know what rate you are referring to, but if it's over 1:1 I simply don't think that will happen regardless of how much is or isn't in circulation. But to address the "amount in circulation" issue, that is controlled by the CBI and when they want to pull money out of circulation, they will. When they want to RV, they will.
3-20-2015 Newshsound Guru American Contractor This year, the Central Bank has two goals. Both were initially reported in the media in 2004. First one being, the deletion of the zeros and the second, restructuring the category of the banknotes. You will see the Central Bank remove banknotes from circulation with a window for execution. More than likely, they will once again, follow a 60 day window of exchange, just like they did for the fifty dinar banknotes. You will also see new categories being introduced like the 50k and the 100k banknotes. The Central Bank will definitely be restructuring their current banknote categories like the 250, 500, 1000, 10,000, 25,000. [Post 2 of 2]
3-20-2015 Newshound Guru American Contractor …they printed approximately one trillion of the 50 dinar banknotes. A small amount compared to the 68 trillion in circulation. The current Central Bank reports outlined how the money supply has increased in January 2015 by 4 trillion dinars. The delete the zeros project or the printing of new Iraqi dinar currency has not started and will not start until the green light is given by the Government. The Central Bank has to have authorization from the Iraqi parliament to print the new categories of the Iraqi dinar currency. Recently, the Central Bank stopped the currency auctions because it was decreasing the foreign currency reserves. We know this because Hoshyar Zebari, Iraq Minister of Finance stated on February 27, “Iraqi Central Bank’s reserves of hard currency (USD) fell to $68 billion which decreased 12.5% or $9.7 billion. This year, the Central Bank has two goals…[Post 1 of 2 stay tuned for the rest of the story…]
3-20-2015 Newshound Guru tlm724 Article: "The high value of trading during the current week sessions of the Iraqi market for securities" Quote: "...announced the Iraq Stock Exchange, on Thursday, a rise in the value of the trading sessions during the week, reaching (8.906) trillion dinars, compared with the market value last week (7.981) trillion dinars, an increase of 11%." There could be an issue with the ISX post from yesterday. Appears to be an 11% not 1100 % increase...someone must have forgotten the decimal point lol still great to see gains. Their site is still showing that 1100% but it also has NOT been updated so that makes sense.
3-20-2015 Newshound Guru OOTW Article quote: "Kurdistan region received $420 million from the budget of Baghdad dues, according to the announcement, Finance Minister in the federal government, Hoshyar Zebari. He said Zebari's remarks, told Reuters on Thursday that such payments mean that the parties are committed to the agreement of oil." wow...so...the last [article] i saw stated they were going to pay 250 million and now this? woah! everyone we please need to be on the lookout for announcements showing the people celebrating over this - that's when we know we're good.
3-20-2015 Newshound Guru Millionday [what does that mean for the RV?] I WISH I HAD THE EXACT ANSWER FOR YOU...BUT WITHOUT THE MARKET REPORT OF WHAT IMPACT THIS HAD TO THE CURRENCY MARKET AND THE GLOBAL MARKET I DONT KNOW YET. I HAVE TO SAY THE MISTAKE IF THAT IS WHAT IT IS VERY INTERESTING...IF NOTHING ELSE -- OF COURSE US AS LOGICAL PEOPLE HAVE TO LOOK MORE BEFORE WE CAN STATE ANY POSITIVE CHANGE OR IMPACT ETC...WE CAN NOT GET EXCITED ETC WITH ONE DAY WITH NO NEWS OF SUCH A HUGE CHANGE ETC. -- THIS HOWEVER VERY INTERESTING... [post 2 of 2]
3-20-2015 Newshound Guru Millionday THE ISX...ANYONE SEE IT? [yes and there are mixed reviews on that - some "in the know" say it's a glitch. check the market reports and you'll see that yesterday was just a normal day and this is a mistake.] GLITCH WITH A MAJOR STOCK MARKET? HERE IS WHAT I SEE. Market Summary General index 928.35Change 852.98 % Change 1,131.72% Value traded 1,938,899,339 Shares traded 2,035,424,172. THE CHANGE IN THE ISX IS OVER 1100%. THIS IS A MAJOR MAJOR CHANGE. ...THAT HUGE % OF CHANGE IS SOMETHING THAT WILL SHOW SOME TYPE OF NEWS FOR US VERY QUICK. [post 1 of 2....stay tuned]
3-20-2015 Newshound Guru Breitling Isn't funny that they just announced from the CBI that they are going to go ahead and start this 3 year process of adding value to their currency and also don't you find it strange that they are going to take their 50 dinar note off and retire it because it's part of reducing the note count process…these guys are actually making things happen. It's very very exciting!
3-20-2015 Newshound Guru Adam Montana [When is Ramadan? ...we know once Ramadan takes place everything slows down...Your opinion, with Al-Abadi in place, do you think progress will continued forward once Ramadan arrives, or will we have the normal slow down taking affect and our wait continues into 2016?] Ramadan is June 17 to July 17 this year. I don't think we'll make it that far without seeing something major. Will Ramadan be any different for Parliament under Abadi as opposed to Maliki? I would certainly think so, but "how much" different remains to be seen.
3-20-2015 Intel/Newshound Guru tman23 they have an HCL agreement in large...the devil is in the details...and those details cannot be defined until there is a article 140...which cannot happen without a census...which cannot take place with all the displaced people...so if we need a HCL to have a RV... were a looong ways away. 3-19-2015 Intel Guru SteveI I talked to [Guru] Ray last week and none of our contacts have anything new. We all felt that February was a very time for this to appear, but Iraq did not feel that they were quite ready. We are being told that the banks are ready and the CBI is ready, but one of the hold ups could be the continued security regarding ISIS. It is my understanding that ISIS still controls the border between Iraq and Syria, thus causing a problem if the border does need to be closed for a short period of time. I believe the lack of news is very encouraging and what news is coming out, is very positive regarding this investment. Iraq simply cannot support the budget and development at the rate they currently have. Hang in there and hopefully it will all be over soon...
3-19-2015 Newshound Guru sczin11 [whats your take on the ISX hype?] ...THE ISX IS KEY TO ER/MR REFORM GROWTH... WITHOUT IT, NO MONEY OF ANY CONSEQUENCE COMES INTO IRAQ - I STATED THAT THE COUNTRY WOULD IMPLODE, RETURN TO TRIBAL LEADERSHIP... THIS IS MUCH MORE PRESSURE ON THE CBI, THAT CAN NOT CONTINUE...AND IN LAST 24 HRS, WE ARE SEEING BIG COMPANIES TAKING MONEY OUT OF THE BANKS, AND THE BANKS BEGGING THEM TO COME BACK.
3-19-2015 Newshound Guru Breitling The ISX is correcting a little bit. The rich have one thing in mind…to buy at garage sale discounts. So what happened? The ISIS came in the ISX [Iraqi Stock Exchange] took a hit…I personally started buying more and more and guess what? It's going up.
3-19-2015 Newshound Guru Kaperoni As we have stated, the dinar will rise as a result of inflationary pressure created by investment. What we are seeing the past couple of weeks appears to be measures that will create the environment for that pressure to happen. Raising the value of the dinar is sorta like a consequence and not a "just because" action. The remittances, tariffs are just the start...we will simply need to watch and see how Iraq's economy progresses. Just because the CBI is not following the IMF Article IV requirements is not necessarily a bad thing if the goal is the same. And we believe the goal is to open the banking system so investors can participate. If they do, the dinar will rise. What happens after that is still to be determined. No need to panic. Let it come to us. [post 2 of 2]
3-19-2015 Newshound Guru Kaperoni The reality is they are not going to achieve Article VIII anytime soon. That being said, whatever they are doing..it does not appear to have the blessing of the IMF either. And that is cause for some concern. We have to hope they are doing what Dr. Bakri stated when I asked about Article VIII accession..."Iraqi dinar first needs to improve before coming to such a work, and improvement comes through delete some zeros from the Iraqi dinar,.." I don't believe the CBI is ignoring monetary policy (though they are apparently not really interested in IMF compliance at this point) especially when we see the all the economic articles. The Prime Minister is working hard on changes, there are conferences and such going on... quote from a dinar article..."And between Yasiri that the Finance Committee "supports changes to the local currency because of the economic importance of the country." The central bank says that the deletion of zeros is part of a plan to develop its monetary policy and currency reform management." [post 1 of 2....stay tuned]
3-19-2015 Newshound Guru Chattels "Zebari said that the delay is due to the financial crisis and not to political factors, and added that the two sides remain committed to the agreement...the agreement is still a mainstay of relations between the two parties, noting that a comprehensive agreement is of great importance to all." MY SENSE OF "COMPREHENSIVE AGREEMENT " IS THAT SUCH IS A REFERENCE TO A PERMANENT, EXPANSIVE AND INCLUSIVE HCL AS OPPOSED TO THE " DECEMBER AGREEMENT " WHICH IS INCORPORATED INTO THE 2015 BUDGET AS LAW FOR THAT YEAR, BUT NOT BEYOND. THE CURRENT UNDERSTANDING BETWEEN BAGHDAD/GOI AND ERBIL/KRG DOES NOT RESOLVE SOME IMPORTANT ISSUES, TO WIT: 1) ENTITLEMENT ON EXCESS PRODUCTION OF 550,000 BARRELS, AND 2) MANAGEMENT OF SUCH PRODUCTION BY SOMO OR KOMO OR ANOTHER ENTITY.
3-19-2015 Intel Guru Frank26 K notes were made and designed solely for a Program rate that started around 4500. Today it sits at 1166 AND LD's / Fils coins Were made and re-designed with Kurd language solely for a HIGHER IQD RATE. S.S. at The CBI is doing that right now.
3-19-2015 Intel Guru Delta WOW IRAQI STOCK EXCHANGE UP OVER 1000%. IRAQI MEDIA SAID THAT ISX IS DOWN, BUT ISX SITE IS SHOWING HUGE INCREASE.. IMO...AFTER HOURS MARKET FOREIGN INVESTOR.
3-19-2015 Newshound Guru tlm724 ISX is up 1100% over night Today at 8:03 am. [...something is up and I believe its a good thing.] It appears you are correct. The ISX increase appears to have an huge influx of liquidity into mainly Bank and Insurance stocks to the varying tune of a 60-90 % increase. ...big investors are pumping money into the banks in Iraq and this shows a tremendous amount of confidence.
3-19-2015 Intel/Newshound Guru tman23 There are no pending laws that hold back a monetary change...ALL EXCUSES. How many times...have you heard and read they need this and or that...Only to be posted...that Shabibi was ready to pull the trigger in 2012...AHHHHHHH Guess that law expired!! The only thing holding Iraq back is IRAQ...Barzani told them (knowing the ESX was scheduled to open)...DROP THE 3 ZEROS BECAUSE KURDISTAN WILL NOT DEAL WITH THEM IN THE NEW MARKET... Quite frankly I don't believe the Kurds care for the excuses...YOU JUST GET IT DONE! They mention payment...And by good source I am informed of an amount of 1 billion dollars...This payment will be made BEFORE APRIL. Let's see how it "pans out"...but this is usually right on the money...no pun intended.
3-19-2015 Intel Guru Jester [So did (Guru) Hocus Pocus say the folks are still excited?] THEY ARE WAITING...SAME AS US...BUT VERY EXPECTANT. [Somewhere in Dinarville I read...that the TV over in Iraq is saying they are now on step 4 of the reform...Just wondered if HP (Guru Hocus Pocus) had heard the same?] I DO NOT THINK THAT IS SO... WE TALKED ABOUT IT SPECIFICALLY TODAY AND OUR SOURCES ARE NOT SEEING THAT.
3-19-2015 Intel/Newshound Guru Backdoc THIS EVENING [WEDNESDAY] I NOTICED A CHANGE IN PATTERN WITH THE CURRENCY RATE! THE RATE ROSE TO AROUND 1130 TO 1140 DINARS TO A DOLLAR! THE DROP ON THE GRAPH WAS AROUND 6 TO 7 PM...INTERESTING! ONCE THE ZEROS ARE REMOVED FROM THE RATE WE POTENTIALLY COULD SEE A STARTING POINT FOR THE FREE FLOAT IF THAT IS THEIR INTENT. WE DON'T KNOW BUT IT SURE IS AN INTERESTING MOVE TO SAY THE LEAST!
3-19-2015 Intel Guru Frank26 I-Team on the ground tell us that the citizens in Iraq were demonstrating today. They know it’s going to happen! 5 Providences are going to get 250 Billion dinars. At 1166? Why that is only about 50 billion per providence. 50 Billion can’t allow them to function for too long. But what if that 250 Billion was say at the “NEW RATE”?! The articles are now in BILLIONS...NOT in TRILLIONS! This is huge!!! This is NEW MATH...NEW NUMBERS... NEW RATE! What was supposed to happen today (18th of March)? The private sector was supposed to be launched today. Did it? No...it’s waiting for the new rate! Meanwhile the IMF comes out today and says “the IMF staff concludes that the 2015 Article mission 4 is completed!” WOW! Let’s see what happens between now and Saturday the 21st! [post 2 of 2]
3-19-2015 Intel Guru Frank26 [via FrostyTheSnowman] The spreadsheet...on the 18th shows 1166 but don’t be concerned about that at all. What if I told you it was to send a message to the “bad guys”? ...the spreadsheet directs your eyes to the numbers that will add value to the end of their calculations that they are doing right now. This action is not only historical but the spreadsheet is following a step-by-step process to add value to the end. Now we told you it would be up there at 1166 but we also told you about the rider. It looks like right now they may be trying to go between 70 to 75 cents. Maybe $1.20...maybe $1.30 or something like that. I don’t know. Because based on where they are at that may be as far as they can go right now. Our Teams also want you to remember that you should NOT ever compare Iraq to Kuwait! Kuwait was not a MR...it was a reinstatement of their value. Iraq is a monetary reform. They are going to surprise the living daylights out of everyone real soon. [post 1 of 2....stay tuned]
3-19-2015 Newshound Guru Millionday [What happened to GREEN LIGHT by CBI?] THE SYSTEM THEY HAD THE GREEN LIGHT FOR INCLUDED THE REMOVAL OF THE THREE ZERO CURRENCY FOR THE FOLLOWING TWO YEARS. THIS IS OBVIOUSLY PART OF IT TO HOLD SOME OF THE US DOLLAR IN INVESTMENT BUT GREEN LIGHT LOOKS YELLOW.
3-19-2015 Newshound Guru Adam Montana [I have read some articles saying that the Kurds and Baghdad have agreed to most of the points of the HCL law. Is this what you are hearing?] Yes, you are correct - the majority is done and we are looking for it to be 100% complete any time now. 3-18-2015 Intel Guru DC [via Adept1] ...everything looks good. On television, they announced stage four of the economic reforms. There are celebrations while the UN folks are in town, both for Da’ash and the economic reform. They announced it in the mosques and on the radio that there is a special celebration tonight. The Council of ministers, Federation Council and their military are expecting this right now. They have started to change over to the rate of $3.91 on the Qi cards, to contractors, past payments, payments to provinces, to widows and orphans and everyday people in the northern and southern provinces. They are now starting that in Baghdad. They are saying on television that the completion of economic reform will be finished in the next day or so... We are not betting the farm on this, but that is what they are saying... Abadi and Shabibi have an idea of what they want to do, but are feeling their way forward, and it’s in their hands to choose. We are very, very close. Everyone in Iraq is ready for stage four, which is us. The US banks are ready for this to go down at any moment... Everyone in the world just waiting for the big man to pull the trigger.
3-18-2015 Newshound Guru Backdoc WITH CONTINUED WORK ON LAWS, PROGRESS CONTINUES TO EXPLODE! THEY STATE THAT THEY PLAN TO IMPLEMENT THE FINAL PARAGRAPHS OF THE HCL LAW BY THE 28TH! PAYMENTS TO OIL COMPANIES ARE PLANNED TO BE PAID BY APRIL 1ST AS WELL! WE ALSO HEAR OF THEIR CONCERN FOR FINALIZING SECURITY BEFORE LAUNCHING THEIR MARKET ECONOMY BY THE END OF MARCH, WHICH THEY HAVE STATED! WITH A GREEN LIGHT GIVEN FROM THE CBI AND A 3 DAY HOLIDAY COMING THIS WEEKEND, POSSIBILITIES ARE RISING! IMO. [post 2 of 2]
3-18-2015 Newshound Guru Backdoc WE SEE AN ARTICLE STATING WE ARE IN BETWEEN THE DELETING OF THE ZEROS AND THE RELEASE OF THE NEW EDITIONS OF CURRENCY! NEXT, WE SEE THAT SWIFT CODES HAVE BEEN ACTIVATED BY EVIDENCE OF THE ISX TAKING DOWN ITS’ MESSAGE THAT A DATA FEED HAS BEEN INTERRUPTED! A LIVE CONNECTION TO THE WORLD APPEARS READY! THE IMF JUST STATED THAT THEIR CONSULTATIVE WORK WITH IRAQ IS NOW CONCLUDED! THE IMF JUST GAVE THEM A SLAP ON THE BACK AND SAID NOW GETTR DONE BOYS! [post 1 of 2....stay tuned]
3-18-2015 Intel Guru TNT Tony [via Adept1] There is a lot of great news. We are not promising anything, no crystal ball, but it’s all looking good. This is NOT being shown on Iraqi television here, but on their television there: “Stage 4 of the economic strategy has begun". They are starting celebrations today for Iraqi soldiers for driving ISIL from Iraq and also to celebrate the final stage of the economic strategy.” Monday they started in the outer provinces, clearing Da’ash and paying people. They are starting from the out in, and one reason is to make sure ISIL doesn’t get their hands on this money. They have now started in Baghdad. All systems are go, all lights are green, everyone is on standby – we cannot be at a higher state of readiness. WE have never been THIS close before, and we’ve been ten minutes away... Let’s see what happens.
3-18-2015 Newshound Guru Adam Montana ...this last week was a bit slow. We've seen continued evidence that Abadi is "the man" we want at the helm, as he continues to do great things to advance Iraq in every aspect possible. Parliament has been working diligently, accomplishing more in a week than they used to in 2 months! It appears that the Oil & Gas issue is paused at the moment...I'm going to cut them some slack and give the benefit of the doubt at this time, since they are actually working... There's a few ways to look at this...the most logical, in my opinion, is pretty simple - the CBI probably informed Parliament that they were not ready yet, so hold off on the HCL. So, what might be holding the CBI back? Again IMO, not much! The CBI is excellent at what they do, so perhaps it's a simple matter of aligning all of the banks that participate in the auctions. Maybe it's a last minute tweak on the Post-RV spreadsheets that they will be using. If that's what is happening, I believe that's great for us. It means we are a few words away from seeing this all come together. We need some HCL news before I start packing my bags...
3-18-2015 Intel Guru Frank26 The CBI and GOI both did something historical... the biggest advancement in the monetary reform of the IQD. The combination of these things are incredible! #1 – The banks of Iraq have their own SWIFT code for Int’l communication. These banks have been transferring money and doing wiring-transfers for years – which is no big deal...but they have never been able to do it with a SWIFT code. This is the first time. Which is an Article 8 requirement. Question -- What is another Article 8 requirement? Answer: the lifting of the 3 zeros. #2 -- ...the governor of the CBI came out and said...“yes we are in the process of lifting the 3 zeros.” When you go to the CBI website and you don’t see 1166 anymore...it’s because they lifted the 3 zeros. 1166 is not in the column where it should be. Normally it is on the 18th it disappears for a few hours and then comes back. Why would they need SWIFT codes for 1166? It may be that on the 18th we may see 1166...then the rider kicks in ...and God willing...we may see a new rate. [Guru] Delta’s team has told us that there will be something on the 18th – let’s see what happens.
3-18-2015 Newshound Guru Aggiedad77 Article: "Daash" hamper Iraq's accession to the World Trade Organization" Security issues within Iraq that are obviously associated with threats from DAASH terrorists are putting Iraq's efforts to join the WTO on hold for at least the time being.....at the same time Iraqi forces have been making very good progress in ousting terrorists from some areas around Iraq...more work is needed to get things moving again with the WTO.
3-18-2015 Newshound Guru Millionday [Wouldn't it be safe to say, that Iraq could buy a whole lot more security and support with an RI'd currency?] THE COALITION IS HELPING IRAQ TO NOT GAIN IN FUNDS BUT TO PROTECT THE GLOBE FROM TERRORISM --- THEY ARE WORKING HARD TO GET CONTROL IN THE WHOLE REGION AND IT IS IMPORTANT TO US ALL --- THE STATEMENTS WE HAVE SEEN -- SEEM TO TELL US THAT THEY ARE WANTING THE TERRORISTS...TO BE CLEARED FROM SOME AREAS...IF A MARKET ECONOMY WILL SHOW SUCCESS AND THE CITIZENS WOULD BE SAFE AS WELL...SOME EMBASSIES HAVE HELD OFF OPENING DUE TO SAFETY. SO AS WE SEE -- THE PROBLEM HAS BEEN THE TERRORISM THEY HAVE BEEN SETTLING AND WITH SUCCESS ACCORDING TO REPORTS. [post 3 of 3]
3-18-2015 Newshound Guru Millionday [have the iraqi army liberated tikrit and have moved onto mosul yet?] IT WAS ANNOUNCED THAT TIKRIT IS DONE AND THEY HAVE MOVED ON TO MANY AREA. THEY ARE ALSO DISCUSSING WORKING TOGETHER IN THE REGION -- UNIFYING THE SUPPORT. EVEN KUWAIT IS INVOLVED SO THE PLAN IS TO WORK TOGETHER. ...IN THE LAST FEW DAYS -- EGYPT HAS STATED THAT THEY WILL HELP IRAQ IN TERRORISM SUPPORT. IRAQ IS MAKING IT VERY CLEAR HOW IMPORTANT THE SECURITY ISSUES AND THEIR RESOLVE ARE -- ABADI IS ALSO STATING FROM HIS OFFICE... HARMONY BETWEEN POLITICAL AND MILITARY POSITIONS-- FOR A UNIFIED POSITION. [post 2 of 3....stay tuned]
3-18-2015 Newshound Guru Millionday "those relationships and brothers laid the foundations in March 1970 agreement but unfortunately, successive governments have worked day and night in order to pre-empt this agreement and actually got through to create sedition among the Iraqi people, especially between Arabs and Kurds, and what happened recently from historic agreement between Baghdad and Erbil represents a new and honorable page to build a democratic Iraq." THE ERBIL AGREEMENT... THE UNIFICATION OF THE COUNTRY IN THE WAR ON TERRORISM. THIS IS THE NEW AGREEMENT BEING ACTIVATED -- ERBIL AGREEMENT WITH IRAQ FEDERAL -- GREAT NEWS. [post 1 of 3....stay tuned]
3-18-2015 Newshound Guru My Ladies [why would you publish a spreadsheet and then remove a line? To me, that would negate the spreadsheet. If you did that, wouldn't you have to re-date the spreadsheet?] YES I READ SPREAD SHEETS OFTEN AND THIS ONE IS EASY TO FOLLOW, HOWEVER IT GOES ALL THE WAY BACK TO 2003 SO IF IN FACT ANY NUMBERS OR RELATION TO 1166 WAS THERE THE ENTIRE FLOW OF THE SHEET WOULD REFLECT THAT, AND IT DOES NOT. THE CURRENT MONTH MIGHT POSSIBLY BE REMOVED GOING FORWARD, BUT NEVER WOULD THE PAST BE ERASED. IMO.
3-18-2015 Intel/Newshound Guru tman23 I have asked for weeks now one question to those in Iraq...Has anyone seen the NEW 25,000 note with the NEW security features that the CBI posted on their website...And the answer has been NO!! So as long as the boy holding the water jug with sheaves of wheat on the 25,000 note are the only ones in circulation...we are still in a positive place. 3-17-2015 Newshound Guru sczin11 ...THE CHANGE TO INTERNATIONAL RECOGNIZED CURRENCY, AT A TRUE VALUE REALITY RATE, CAN HAPPEN ANY TIME...THE LAWS THEY SEEK COMPLETED, CAN HAPPEN AFTER, BEFORE, OR SIMULTANEOUS...WHAT DIFFERENCE WILL IT MAKE IF INVESTMENT LAW IS APPROVED OR NOT? IT WOULD JUST DELAY FOREIGN INVESTORS FROM RACING IN...HOW DOES THAT SAY THE CHANGE CAN NOT OCCUR NOW?
3-17-2015 Intel Guru TerryK ONE PERSON...SOURCE TOLD ME TODAY HE WAS PACKING HIS BAGS. I ASKED, FOR A VACATION. HE SAID YOU COULD SAY THAT WAS HIS REPLY. HEARING THAT WED THUR NIGHT IS THE NIGHT BUT HEY WE HAVE HEARD THAT BEFORE RIGHT. I'M HOPING THAT TOMORROW BRINGS US HAPPINESS.
3-17-2015 Intel Guru Frank26 [...How do I know the 1166 was once where u said it was?] Pics of the spread sheet from the 18th of February are in our file...
3-17-2015 Newshound Guru Kaperoni We have said for a long time...pressure is what will raise the value the dinar. Either through investors, taxes, or other. They are trying to create pressure so they can let the dinar go. Give it a bit of time..its coming.
3-17-2015 Intel Guru Mnt Goat I believe they are slowly rolling out the currency reform providence by providence and town by town. I have confirmed this many times... It is really happening! I am told soon the pace will quicken but all provinces do not have to be completed prior to a formal announcement. I reaffirm to you now that the CBI is in total control over the reinstatement but it is also working closely with the GOI cabinet finance ministry... The urgency in the news articles are also telling me they are now planning to begin imposing the new taxes soon. This many feel can not be done without currency reform completion. So it is all very near. [post 2 of 2]
3-17-2015 Intel Guru Mnt Goat What we do know for a fact is that Iraq, the IMF and the USA has all agreed that the Iraqi citizens will benefit first from any currency reform. The was at the request of Iraq. Once Iraq is convinced that the in-country of Iraq can handle the revalued currency and new rate they will turn the attention to releasing it to the rest of the world. All we can do is look at the progress of the in-country rollout, the progress with fighting ISIS and the parliamentary progress in the needed laws to support the budget. Actually I am hearing nothing but very positive news about a forthcoming reinstatement and I am told to wait just a little bit longer and we will get our pretty green presents... [post 1 of 2....stay tuned]
3-17-2015 Newshound Guru My Ladies I KNOW WE ARE WAITING FOR THE PRIVATE SECTOR AND I HATE BEING THE PORCUPINE IN THE BALLOON FACTORY BUT... THE CBI FILED A MOTION IN COURT FOR COMPLETE SEPARATION FROM THE GOI, THEY WANT TO PASS THEIR LAWS WITH OUT PARLIAMENT LIKE ALL CENTRAL BANKS DO. I THINK WE NEED TO LOOK FOR THE FEDERAL DATE FOR THE HEARING FOR THE CBI. WE NEED TO SEE THE SEPARATION OFFICIALLY AND THE CBI NEEDS TO ACT LIKE A CENTRAL BANK. THERE IS EVERY POSSIBILITY THAT WE WILL SEE SOMETHING TOMORROW... WE ARE IN A SOUND INVESTMENT AND THE CBI IS MOVING ALONG. WE ARE STILL VERY POSITIVE AND BELIEVE WE WILL SEE THIS SOONER THAN LATER. [post 2 of 2]
3-17-2015 Newshound Guru My Ladies DO NOT BE SURPRISED IF TOMORROW DOES NOT SHOW US THE PRIVATE SECTOR BEING ACTIVATED. ABADI IS SAYING LIBERATING THE COUNTRY OF DAASH IS A PRIORITY FOLLOWED BY ACTIVATING THE PRIVATE SECTOR. SO PLEASE BE PREPARED FOR THE WORSE. I HAVE A VIDEO ...AND MANY LINKS TO SHOW...THAT IRAQ HAS HAD SWIFT CODES SINCE 2003. I ALSO HAVE A STATEMENT FROM TRADE BANK IRAQ SAYING THAT CARDS HAVE BEEN USED IN THE USA FOR YEARS AND YEARS WITH NO PROBLEMS. I DO NOT WANT ANY OF YOU HANGING HOPES ON SWIFT CODES. THIS TIME IS COMING VERY SOON BUT NOT BECAUSE OF SPREAD SHEETS OR SWIFT CODES. THIS TIME IS COMING BECAUSE THE COUNTRY IS READY. [post 1 of 2....stay tuned]
3-17-2015 Intel Guru Frank26 Is this CBI spreadsheet PDF file an “illusion”? We don’t believe so. The ISX is green – meaning they are profitable now! (How did that happen at 1166?) Things are going to make a whole lot more sense very soon. Here’s some more news. This just came in. Some of the data on the spreadsheet...more of its missing. Again yesterday the governor of the CBI came out and said we’ve got the green-light! Let’s see what the IMF has to say in the next few days...and what the CBI does!
3-17-2015 Intel Guru Delta All indications from the CBI...and one of the biggest confirmations is when the CBI finally said (on March 3, 2015) they had the “green light” to implement and delete the zeros. It’s in Iraq’s best interest to revalue their currency...it really is all that is going to save them. We know something is about to happen. There is no liquidity. They can’t survive at 1166. When the country accepts Article 8...they have to send a letter of intent to the IMF. They basically have about 2 more days. Very interesting when they took the numbers out of the chart...indirectly it looks like they got Article 8. The only thing we are waiting for is the announcement from the CBI. What are they waiting for? They are waiting for the new numbers. A new rate!...and IMO...very, very soon!
3-17-2015 Newshound Guru Tlar I believe that monetary reform is not waiting on ISIS removal and that it is a separate issue that is happening right in front of us. Time will tell what's right or wrong. There [are] many things that indicate they are ready to do it this month.
3-17-2015 Intel/Newshound Guru tman23 The ONE THING WE CAN BE 100% CERTAIN ABOUT...The lifting of the 3 zeros is NOT A NEUTRAL EVENT!! What profit there is to be made is unknown...but they made it quite clear that it would increase the value of the dinar...
3-17-2015 Newshound Guru Aggiedad77 Article: "Fayad reveals lingered in the oil and gas law" The Chairman of the Parliament Energy Affairs says that Speaker Jubouri has sent a letter to the COM requesting they delay sending the oil and gas law to Parliament because of work within the committee formed by the COM still works on amendments to satisfy the political blocs and sending now would be premature of their efforts...he speaks to a "NEW FORMULA" after some additions are made to some paragraphs within the law...a "NEW FORMULA." Could this new formula provide the necessary mechanism, the calculation that would identify an international rate change...
3-17-2015 Intel Guru TerryK Article quote: "Kurdish source said that "high-level Kurdish delegation will visit Baghdad today, to complete the negotiations on outstanding issues with the government of the center and the most important of which the conditions of the Peshmerga and exports of oil and financial benefits to the region." LOOK AT THE NEWS LOOK WHAT'S GOING DOWN...LOOK AT THE BIG SHOTS MEETING TODAY IN BAGDAD COMING IN FROM KURDISTAN... WOW. ASK YOURSELF IF THEY ARE NOT GOING TO RV HOW CAN THEY PAY FOR THE IMPORT AND EXPORT. THERE WERE OVER 60 SHIPS DUMPING GOODS INTO WAREHOUSES IN IRAQ LAST WEEK NEVER REPORTED. SO ASK YOURSELF HOW CAN THEY UNLOAD SHIPS. WE ARE SO THERE.
3-17-2015 Intel Gurus Frank26 & Delta Meantime, the banks develop a SWIFT code for “INTERNATIONAL” communication. (Imports, exports, taxes, tariffs). All products have these codes now. The SWIFT codes...very, very important. All banks have a digital address (SWIFT code) – sending money from country to country. Is the IQD international? Not yet. They didn’t do it before. Why? Because, IMO, the rate is about to change. The SWIFT codes were activated on Friday. All banks can now communicate with each other. The tariff is in place. Before it was only for “luxury” goods. The draft laws have the duty tax code on the new rate. Many things are in position right now. As soon as they put a new rate up...like flipping a switch...instantly things can change. When the CBI pulls the trigger...any bank/exchange center will see the SWIFT code for the IQD. We believe we have an excellent window this week! We believe they will not revalue the currency in the middle of the day. Everything is lining up. The only thing we are waiting for is the announcement from the CBI. [post 2 of 2]
3-17-2015 Intel Gurus Frank26 & Delta [via Frosty the Snowman] Yesterday we discovered that the program rate of 1166 is gone! 1166 has been there for years. We have watched this spreadsheet very closely...Why would they delete the 1166 rate? For them to take these numbers out it tells us...in our opinion...that the program rate may be changing. This is very significant. What they are doing behind the scene is including a new rate – we just can’t see it yet. The numbers on the spreadsheet are still false. Something is going on with the book of systems with the CBI. The Excel spreadsheet...is no longer a PDF file! It’s an OPEN document! ...so far this looks HUGE! [post 1 of 2....stay tuned]
3-17-2015 Newshound Guru Millionday WE HAD READ A REPORT THAT THEY WERE GOING TO TRY TO ADD TO REVENUES BY SELLING LAND DUE TO ECONOMIC CRISIS. THEY HAVE HALTED THAT PROGRAM DUE TO THE LACK OF NEED NOW -- WHOOPOW. Article quote: "the economic and financial situation will be controlled well in the coming months." FINANCIAL CONTROLLED IN COMING MONTHS -- LOVE IT.
3-17-2015 Newshound Guru sczin11 [Should we assume after 2 years the 25000 notes will be worthless, or is the 2 years simply an objective?] SEEN A FEW VERSIONS MENTIONING DIFFERENT TIME FRAMES...I ASSUME IT WILL BE MORE DEPENDENT ON WHAT THEY TAKE IN...THEN THEY WILL MAKE FINAL DEADLINE.
3-17-2015 Newshound Guru Kaperoni Article quote: "The President of the advisers in the Cabinet Thamer Ghadhban determine on the 18th of this month as the date for the development of mechanisms for implementing the strategy of the private sector in an expanded meeting..." Interesting...since most of the financial people were busy all weekend with the IMF it makes sense that this conference was postponed. Wed. may be interesting day.
3-16-2015 Intel Guru TerryK I WANTED TO TELL YOU SOURCES ARE ALL JUICED UP. THEY ARE TELLING ME, ALL OF THEM, NO WORRIES DONE BY 24TH...ALL 7 OF THEM...SAME THING...NO LATER THAN 24TH... IN FACT THEY ARE SO DONE THAT PARLIAMENT WAS DISMISSED TODAY AND NOT COMING BACK UNTIL NEXT WEEK SOMETIME. IT'S ANY MOMENT...THIS IS IT.
3-16-2015 Newshound Guru Millionday Article quote: "Parliamentary Finance Committee on Monday expressed, concern about the continuing rise in the dollar's exchange rate against the dinar...the reasons may be behind the rise in the dollar's exchange rate against the dinar, and that this has been getting used to it in Iraqi market and rare lasts until he returns to normal." THE COMMITTEE IS NOT THRILLED WITH CBI AND THE RATE CHANGE OF SLIGHT THEY DID, BUT LOOK "UNTIL HE RETURNS TO NORMAL" NORMAL IS GOOD. SO OBVIOUSLY THEY WANT TO MOVE FORWARD AND SAVE THE DINAR AND THEIR ECONOMY -- WHAT THEY NEED IS THE ENTIRE ECONOMIC REFORM OR THEY WOULD NOT HAVE DEVELOPED IT FOR THE COUNTRY... AS WE KNOW THEY ARE WORKING ON EACH STEP TO ENSURE SUCCESS...THEY ARE IN A HUGE RUSH BY WHAT WE HAVE SEEN...
3-16-2015 Newshound Guru Aggiedad77 Article: "Kurdish delegation in Baghdad on Tuesday" A Kurdish delegation returns to Baghdad on Tuesday to discuss outstanding issues with the oil and gas agreement between themselves and Baghdad...no mention of who is leading the group this time...they do mention that they bring "high-level" entities with them...
3-16-2015 Newshound Guru sczin11 WHAT IS IT THAT IRAQ IS DOING BEHIND THE SCENES, PRIVATELY, TO HIDE THE PROCESS FROM THE WORLD... I REALIZED, THEY ARE DOING NOTHING DIFFERENT THAN A COMPANY GOING PUBLIC GOES THROUGH WHEN THEY ARE BEING UNDERWRITTEN BY A BROKERAGE HOUSE IN PREPARATION FOR THE IPO. THE PROCESS IS UNDERWAY, WE WOULD LOVE TO KNOW WHEN, THAT IS UNREALISTIC...WOULD BE LIKE INSIDER TRADING...A TOTAL CRIMINAL ACT...THERE IS NO CHECKLIST...NO ONE KNOWS WHEN...IT COULD BE ANYTIME...PRESSURE IS MOUNTING FROM ALL OVER.
3-16-2015 Intel Guru TNT Tony [via Adept1] We know it was supposed to go Saturday night, and we expected to have a great weekend, but they didn’t get that far. Why are people still saying laws have to be passed? We know that the budget has been passed and all the relevant laws have been passed. We know that all the banks connected internationally a week ago Sunday, with the Swift codes being issued. That means the system is free-flowing. We know people have sent and received international funds. The system has already been approved, and we are in the middle of the RV process. It hasn’t hit our shores yet. In Iraq, they are paying from the top down, starting with the government, then the contractors, then those owed money by the government. The citizens will be last, like we are last. The banks can actually see the international rate, and they know the system is working. Everything is done, the banks are ready, the Swift codes are done... I don’t see how they make this go much longer.
3-16-2015 Intel Guru EXOGEN [...can you now say HCL is passed and verified...?] SOME COMPONENTS OF IT HAVE BEEN ACTIVATED BUT NOT ALL. THE HCL WAS AGREED UPON LAST YEAR. KURDISTAN IS NOT 100% HAPPY YET. ALL SHOULD BE REVEALED ABOUT THE HCL THIS WEEK IF ALL GOES AS PLANNED!! HOPEFULLY OTHER GOODIES WILL BE REVEALED THIS WEEK AS WELL! IS THE SYSTEM NOW TURNED ON & IMPLEMENTED & ACTIVATED FOR IRAQ TO DO INTERNATIONAL BUSINESS AND GLOBAL BANKING - 100% YES.
3-16-2015 Intel Guru DC [via Adept1] We’re all a little frustrated it didn’t come out this weekend. They have started to pay people out in areas of Iraq, in a planned way. We are all taken aback by how methodical and slow they are doing this in Iraq. They have started paying contractors owed money by the country and by provinces...Some everyday citizens have also been paid... Tension is rising, and part of the country is still 1166, some is at $3.91, and they wonder what the heck is going on. I am being told every eight hours that they are getting their act together and preparing for rolling it out to everyone in the next few days...it’s being actively managed by the CBI and the Finance Ministry. That is good. The US and the rest of the world are in lockdown, in ‘hurry up and wait’ mode. Bankers have been told strictly not to talk to people like us; they don’t want their employees talking about their process. Several times they have been flashed that this is ready and then it hasn’t gone through – on all levels, from bank executives and wealth managers down to the tellers. I know we are all frustrated that it continues to inch ahead, but the RV process has actually begun. Everyone is just waiting.
3-16-2015 Intel/Newshound Guru Poppy3 FOR THOSE HAVING DOUBT ABOUT YOUR INVESTMENT ---7 TIMES IN HISTORY WHEN COUNTRIES HAVE BEEN LIBERATED BY WAR THEY HAVE HAD THEIR CURRENCY DROP TO PRACTICALLY NOTHING DURING THE WAR AS IRAQ HAS. THEN USUALLY WITHIN 4 YEARS AFTER LIBERATION THEY HAVE REVALUED THEIR CURRENCY TO AT LEAST WHAT IT WAS PRE WAR. KEEP IN MIND ALL THESE COUNTRIES STILL HAD A WORKING GOVERNMENT WHICH IRAQ DIDN'T HAVE. THEY HAVE HAD TO FORM A COMPLETE NEW GOVERNMENT... PLUS THE REASONS A VERY LIMITED PEOPLE EVER MADE MONEY OFF THESE EARLIER REVALS IS ONLY HIGH RANKING OFFICIALS KNEW ABOUT THEM. THERE WASN'T THE COMMUNICATION WORLD WIDE AS TODAY. I TRULY THINK THEY HAVE DONE A VERY GOOD JOB THUS FAR...MY THOUSANDS INVESTED AND MY 11 YEARS OF FOLLOWING PROGRESS HAS BEEN VERY WELL SPENT.
3-16-2015 Newshound Guru Millionday I AM ASKED MANY TIMES IF THIS OR THAT IS WHAT WE ARE WAITING ON WHEN IT IS AN ENTIRE PROCESS -- IT IS NOT A SWITCH OR ONE ITEM IT IS AN ENTIRE EVENT /PROGRAM THAT HAS BEEN INGENIOUSLY DESIGNED.
3-16-2015 Newshound Guru Chattels Article: "Shawki: Parliament sessions will be for four days in a row" much emphasis was made to this singular report and suggestive of some great developments, which was then misguided, IMO. the KUrds are not there in Parliament...nothing really " big " is going to happen in Parliament without the Kurds, IMO.
3-16-2015 Newshound Guru Aggiedad77 Iraqi advisors and economists are working side by side with the GOI/COM to bring an end to the financial crisis they are in today...they expect to see mechanisms put into play on the 18th that will bring more support to the private sector and provide that sector with more opportunities in which to help in the crisis situation.
3-16-2015 Newshound Guru tlm724 Article: "Abadi and infallible underline the importance of the arrival of Baghdad and Erbil, the mechanisms of implementation of the oil agreement" Quote: "the importance of the arrival of the federal government and the Kurdistan Regional Government to necessary to implement the last oil agreement between the two mechanism" that's right from Abadi...tomorrow they will meet!
3-16-2015 Newshound Guru Tlar All indicators point to the fact we should know the truth of this investment this month. There appears to be no more stoppers, but remember it is Iraq and there are people who don't want to see Iraq prosper at all both inside and outside of the country starting with Maliki. Some will do anything to stop this.
3-16-15 Newshound Guru Millionday HUGE NEWS. THE NEWS IS SHOWING HUGE PROGRESS ECONOMICALLY AND ALSO THE ENTIRE NATION SWIFT CODES ARE OUT AND THEY ARE PART OF SYSTEM. THIS MEAN HOOKED TO THOUSANDS OF BANKS FOR INFORMATION SYSTEM. 3-15-2015 Newshound Guru OOTW something to consider - private sector development and solidity would help sure up/stabilize the currency - and remember a WTO requirement is to have an internationally traded currency - so I would suspect they want to perhaps get their private sector solid, then change the value and ascend to the wto near the same time.
3-15-2015 Intel Guru Frank26 Today the CBI removed its programmed rate of 1166 from their...”BOOKS”. ...where the program rate of 1166 always used to be. It was always there... It is gone now. It is blank. ...many of you are running to the CBI and still seeing 1166 on some pages but you have to go to the page on their website that only deals with their inflation or M1 M2 and M3 figures because this is the totality of their money and expenditures. Needless to say we were shocked...we are awed. We have a lot of information about the bank's swift codes (BIC)...we found out that they are activated and fully functioning...not just functional. With the swift codes now activated in Iraqi banks it means that they are international and functioning that way as you read this. This sentence means that Iraq internationally is now Article 8 compliant.
3-15-2015 Intel/Newshound Guru Backdoc THE OLD FIFTY DINAR GETS RETIRED TO PREVENT COUNTERFEITING AND PREPARES THE WAY FOR LOWER DENOMS TO BE RELEASED! AS WE HAVE SEEN, THIS PROCESS WAS PAINFUL YET NECESSARY! WITH PAYMENTS SAID TO BE SENT FROM THE CBI, RECEIPT OF THOSE PAYMENTS NEEDS CONFIRMATION BY A RATE! WITH KURDISTAN EMPLOYEES WAITING TO BE PAID FOR SALARIES WELL OVERDUE, THE PRESSURE MOUNTS AS EVIDENCED BY PROTESTS. RECENTLY I REMINDED US ALL, "IT’S NOT ABOUT YOU,” THIS WAS ABOUT THE RESTORATION OF THE EMPIRE! WE WERE JUST FORTUNATE TO HITCH A RIDE ON THE ABADI EXPRESS!! WE NOW AWAIT FOR THE CBI GOVERNOR TO SAY, "ENGAGE NUMBER ONE” IN THE NEXT FEW DAYS! [post 2 of 2]
3-15-2015 Intel/Newshound Guru Backdoc RECENTLY, WE SAW THE CBI CROSS A LINE IN THE SAND WHEN THEY INITIATED A NEW FINANCIAL MECHANISM OF COMMITMENT. THIS OF COURSE WAS A NECESSARY PREPARATORY STEP FOR LAUNCHING THE NUMBER ONE PRODUCT OF IRAQ, THEIR CURRENCY! CONTROLLING CASH IN THE PUBLIC FLOAT HAS CAUSED A NUMBER OF ITEMS TO BEGIN TO "FIT LIKE A GLOVE"! THIS STARVATION OF CASH FROM THEIR ECONOMY WAS PAINFUL FOR THOSE WAITING AND PROTESTING FOR THEIR SALARIES, BUT NEEDED! REDUCING ALL CASH BEGINS THE PROCESS OF DE-DOLLARIZING. [post 1 of 2....stay tuned]
3-15-2015 Newshound Guru Millionday Article quote: "Rafidain Bank confirmed his quest hard to open up the banking cooperation at the Arab and international levels" HUGE NEWS...RAFIDAIN BANK OPENING UP THE INTERNATIONAL LOCATIONS. Quote: "MP for the coalition of citizen Shawqi properly torque the House of Representatives pass laws, which would facilitate the process of investment and investors to enter Iraq." PARLIAMENT IS WORKING TOWARD ALL LAWS THAT WILL ALLOW INTERNATIONAL INVESTMENT -- WHOOPOW.
3-15-2015 Newshound Guru Aggiedad77 BIG BIG words from the IMF today that Iraq needs to listen to...look for it...Parliament is committing to meeting Monday-Thursday this week, consecutive days...wow.
3-15-2015 Intel/Newshound Guru tman23 Since March 9 - 10th there has been some really weird reports concerning payments, oil exports, etc... It is as if parts of the system have stopped...And there have been NO CHANGES APPEARING TO BE ON_LINE PAYING since 3/10/2105... I don't have an answer other than ...They are preparing the system for a change...and it's gone on for a week now!!
3-15-2015 Newshound Guru sczin11 Article quote: "Saadi: speculators rush toward their money in foreign currency in search of profit led to the withdrawal of cash from the stock market" THE MR [MONETARY REFORM] MUST, I REPEAT, MUST, BE COMPLETED...OR THIS COUNTRY WILL RETURN TO TRIBAL LEADERSHIP, AND IMPLODE! THE ISX IS THE KEY TO THEIR ECONOMIC FUTURE...
3-15-2015 Newshound Guru Kaperoni The question is when will they start? Ali al-Allaq wants his float to succeed. His window is over the next two years he wants to delete the zeros ( 1 to 1 exchange rate). So it is very important that the economic laws are in place so investor confidence occurs. When you have investors, you have an influx of capital. The result will cause the dinar to rise. I see this starting as soon as the laws are passed to support this investment process. [post 2 of 2]
3-15-2015 Newshound Guru Kaperoni Article quote: "The basic choice that a government faces with its policy toward the exchange rate itself is between an exchange rate that is floating and one that is set or fixed by the government. In the polar case of a clean float the government permits private market demand and supply to set the exchange rate with no direct involvement by government officials. In a managed float or dirty float the government officials do intervene at times to try to influence the exchange rate, which otherwise is driven by private demand and supply." This is a very important statement..."through the mechanisms already put in order not to influence the market." This is confirming they are going to float the dinar and let the natural effects of the float (supply and demand) set the rate of the dinar. And more importantly, it confirms it will be a free float that the CBI will not intervene to try and influence the rate. This statement by Allaq is very clear and the only one that fits that criteria (two years without influence). [post 1 of 2....stay tuned]
3-15-2015 Newshound Guru Millionday Article quote: "Erbil - detecting a senior leader of the Kurdistan on Saturday that the region's parliament approved the main points of contention in the oil and gas revenues fund law in Iraqi Kurdistan." THEY HAVE APPROVED THE OIL AND GAS FUND LAW...THIS IS HISTORIC AND HAS BEEN WAITED ON FOR A VERY LONG TIME [this is the HCL we were waiting for?] THIS IS THE FINANCIAL SIDE OF THE OIL PROCEEDS -- THE FUND ITSELF. [is the financial side of the hcl all we're concerned about moving forward with a rate?] THIS MEANS THAT THE AGREEMENT WITH KURDISTAN AND IRAQ ON THE BUDGET AND OIL PAYMENTS IS READY AND SET UP -- SO THIS IS A HUGE STEP FOR IRAQ AND BUDGET. THIS MEANS THAT MONEY WILL BE MOVING ON OIL SALES.
3-15-2015 Intel Guru TerryK I GOT WORD TODAY THAT NO WAY NO HOW THIS WILL GO PAST THE 24TH...THEY ALSO SAID FROM TONIGHT TO THE 24TH AND THEY RECONFIRMED THE RATE OF 3.90. THIS SOURCE IS WAY UP THE TEE PEE POLE. AND REMEMBER WHERE LAST WEEK I STATED THAT SOMEONE NEEDED FINAL SIGN OFF...WELL I WAS TOLD THAT HE WOULD BE DOING THIS TONIGHT [SATURDAY].
3-15-2015 Intel Guru Mnt Goat We know for a fact the Qi cards (for social benefits and retirement pay to Iraqi citizens) are loaded with a new rate but can’t be used as of yet. It was announced in Iraq on Friday these cards would be activated in the next few days. We are being told that this capability of the Qi cards will be turned on during Sunday March 15th . How far must the security issue be addressed prior to the final rollout of the RV? I am also told they need the Amnesty law passed along with the funding law for the National Guard (part of the power sharing agreement). Both these laws are up for final vote next week. [post 2 of 2]
3-15-2015 Intel Guru Mnt Goat we are still now witnessing extreme pressure from many parliamentary members to complete the currency reforms. The Iraqi news media is telling the citizens that it has been completed already yet in Europe and in the West we still get news of it’s near completion. The truth is this current slow, methodical rollout is in the hands of the CBI. They are in the driver’s seat. I tell you the budget is opened but the cash flow spigot is very limited. Only selected provinces are receiving funds if deemed safe from ISIS. The next step is for the individual providence to push out the lower denominations when needed from the banks to make transactions for reconstruction. What rate do they use? Some are using the $3.91 rate already. This is fact and not my opinion! It appears to me ( I could wrong) that this rollout schedule is very dynamic and was first started with Kurdistan and then the other major cities free of ISIS. Then as they are liberated the others follow. [post 1 of 2....stay tuned]
3-20-2015 Intel Guru TNT Tony We understand where we are in the process. Everything that was on the television Wednesday was on the television today as well. The person who got their cards upgraded has family who are now at $3.91. They could possibly drag it out until next Monday or Tuesday, but I don’t think so. We were told that it was going live yesterday morning and it did go live but for only 3-4 hours. They ran some people through to make sure it working. Announcements went out in Iraq to prepare for celebrations in all government offices, although they didn’t say when. We aren’t at the edge, we are over the edge, we just don’t know when they will let us drop. I 100% do NOT see it happening today, although the weekend is something different.
3-20-2015 Newshound Guru Breitling Only this crowd makes this mistake…Iraq does not have 95 trillion dinar rolling around anywhere…that is what the country is WORTH. This is the exact same formula we use here in the United States, they use in Vietnam, in China...it doesn't matter. We've had 4 reports come out of the CBI…9 billion notes, 6 billion notes, 4 billion notes and another saying their target is 1 billion notes…where is it at? I have absolutely no clue…nobody does. What do they say? they say they're going to add value that they are going to reduce the note count…If they were just going to reduce the note count by introducing a new currency and they weren't going to use the currency you and I have then there would be no reason to reduce the notes you and I have…they would simply retire them and introduce the new note. So those are the indicators that there is growth…[Post 2 of 2]
3-20-2015 Intel Guru DC [via Adept1] Everything looks really good. The summary is simple...we don’t know the exact time; we are hanging off the edge but not falling. Everyone is waiting. Iraq is ready...they are still on the fourth stage of the economic reform. The majority of Qi cards have been adjusted from $3.58 to $3.91. They did have a celebration about beating Da’ash and how that group is eroding; they are expecting to have more parities this weekend, too. In the USA, the Fed, bankers, UST, etc., have all been on lockdown all week. The systems were live on Wednesday and Thursday for hours at a time. They were exchanging a few people, one at a time, to make sure the systems were working correctly. That has been going on for a week, and full on since Wednesday afternoon, in the US and throughout the world. The banks are geared up again for as early as this evening and this weekend. The US and the rest of the world is on super-duper high alert all week, and they anticipate this going down at any time. We are just waiting for Shabibi and Abadi to push the button.
3-20-2015 Newshound Guru Breitling ...The note count IS the dinar. Where people get confused is when they say that Iraq has 95 trillion dinar…that's its country's value. That's it's total value. It's the M0, M1, M2 and M3 reports and they break it up into the different parts…you have the commodities, the short term deposits, the long term deposits, you have the oil, you have the foreign currency reserve and then they add up how much it's worth…they DON'T have 95 trillion dinar…what they are is WORTH 95 trillion dinar and the reserve is worth in U.S. dollars 80 Billion. But what represents all this wealth? What was the last report we got from the CBI? 4 Billion notes…I don't know exactly how many dinar that represents but remember…the hight of the note count was 9 billion notes that represented 30 trillion dinar. And they said they were going to get it down 70%. So it's a classic mistake… [Post 1of 2 stay tuned for the rest of the story]
3-20-2015 Intel/Newshound Guru Backdoc WHEN THINGS LOOK THE WORST, THEY ARE THE BEST! CLEARLY, THERE IS A FOCUS ON SECURITY AS WE SEE! JUST HOW FAR ALONG WE ARE WE MAY NOT EXACTLY KNOW! THE MORE WE SEE ON THE FACTS WITH THURSDAYS ISX SESSION I AM HIGHLY SUSPICIOUS WHEN I SEE A SESSION CLOSE DOWN FOR THE DAY AND LATER WE SEE A 1000% CHANGE ON THE INDEXES' VALUE WITH TRADING CLOSED FOR THE DAY! TIME WILL WRITE THE HISTORY ON THIS ISSUE OF COURSE! ONE HAS TO WONDER IF THAT CHANGE IS SIMPLY A VALUE CHANGE IF ZEROS WERE REMOVED. THE NEW VALUE WOULD BE REFLECTED BY THIS INCREASE DIFFERENCE! WE SIMPLY NEED TO WAIT TILL THE MARKET RE-OPENS FOR THE ANSWER! WILL THE MARKET RE-OPEN ON SUNDAY? IF NOT AND WE HAVEN'T SEEN AN INTERNATIONAL RATE THE ODDS INCREASE MY THOUGHT COULD BE RIGHT! TIME WILL TELL.
3-20-2015 Newshound Guru Adam Montana [I still do not see how Iraq can ever RV at any rate that most of us would like to see due to approximately 30-40 trillion dollars in circulation. That is an almost astronomical number... I...wish they really were taking money out of circulation with these auctions but no one really seems to know the true story there.] The rate: I don't know what rate you are referring to, but if it's over 1:1 I simply don't think that will happen regardless of how much is or isn't in circulation. But to address the "amount in circulation" issue, that is controlled by the CBI and when they want to pull money out of circulation, they will. When they want to RV, they will.
3-20-2015 Newshsound Guru American Contractor This year, the Central Bank has two goals. Both were initially reported in the media in 2004. First one being, the deletion of the zeros and the second, restructuring the category of the banknotes. You will see the Central Bank remove banknotes from circulation with a window for execution. More than likely, they will once again, follow a 60 day window of exchange, just like they did for the fifty dinar banknotes. You will also see new categories being introduced like the 50k and the 100k banknotes. The Central Bank will definitely be restructuring their current banknote categories like the 250, 500, 1000, 10,000, 25,000. [Post 2 of 2]
3-20-2015 Newshound Guru American Contractor …they printed approximately one trillion of the 50 dinar banknotes. A small amount compared to the 68 trillion in circulation. The current Central Bank reports outlined how the money supply has increased in January 2015 by 4 trillion dinars. The delete the zeros project or the printing of new Iraqi dinar currency has not started and will not start until the green light is given by the Government. The Central Bank has to have authorization from the Iraqi parliament to print the new categories of the Iraqi dinar currency. Recently, the Central Bank stopped the currency auctions because it was decreasing the foreign currency reserves. We know this because Hoshyar Zebari, Iraq Minister of Finance stated on February 27, “Iraqi Central Bank’s reserves of hard currency (USD) fell to $68 billion which decreased 12.5% or $9.7 billion. This year, the Central Bank has two goals…[Post 1 of 2 stay tuned for the rest of the story…]
3-20-2015 Newshound Guru tlm724 Article: "The high value of trading during the current week sessions of the Iraqi market for securities" Quote: "...announced the Iraq Stock Exchange, on Thursday, a rise in the value of the trading sessions during the week, reaching (8.906) trillion dinars, compared with the market value last week (7.981) trillion dinars, an increase of 11%." There could be an issue with the ISX post from yesterday. Appears to be an 11% not 1100 % increase...someone must have forgotten the decimal point lol still great to see gains. Their site is still showing that 1100% but it also has NOT been updated so that makes sense.
3-20-2015 Newshound Guru OOTW Article quote: "Kurdistan region received $420 million from the budget of Baghdad dues, according to the announcement, Finance Minister in the federal government, Hoshyar Zebari. He said Zebari's remarks, told Reuters on Thursday that such payments mean that the parties are committed to the agreement of oil." wow...so...the last [article] i saw stated they were going to pay 250 million and now this? woah! everyone we please need to be on the lookout for announcements showing the people celebrating over this - that's when we know we're good.
3-20-2015 Newshound Guru Millionday [what does that mean for the RV?] I WISH I HAD THE EXACT ANSWER FOR YOU...BUT WITHOUT THE MARKET REPORT OF WHAT IMPACT THIS HAD TO THE CURRENCY MARKET AND THE GLOBAL MARKET I DONT KNOW YET. I HAVE TO SAY THE MISTAKE IF THAT IS WHAT IT IS VERY INTERESTING...IF NOTHING ELSE -- OF COURSE US AS LOGICAL PEOPLE HAVE TO LOOK MORE BEFORE WE CAN STATE ANY POSITIVE CHANGE OR IMPACT ETC...WE CAN NOT GET EXCITED ETC WITH ONE DAY WITH NO NEWS OF SUCH A HUGE CHANGE ETC. -- THIS HOWEVER VERY INTERESTING... [post 2 of 2]
3-20-2015 Newshound Guru Millionday THE ISX...ANYONE SEE IT? [yes and there are mixed reviews on that - some "in the know" say it's a glitch. check the market reports and you'll see that yesterday was just a normal day and this is a mistake.] GLITCH WITH A MAJOR STOCK MARKET? HERE IS WHAT I SEE. Market Summary General index 928.35Change 852.98 % Change 1,131.72% Value traded 1,938,899,339 Shares traded 2,035,424,172. THE CHANGE IN THE ISX IS OVER 1100%. THIS IS A MAJOR MAJOR CHANGE. ...THAT HUGE % OF CHANGE IS SOMETHING THAT WILL SHOW SOME TYPE OF NEWS FOR US VERY QUICK. [post 1 of 2....stay tuned]
3-20-2015 Newshound Guru Breitling Isn't funny that they just announced from the CBI that they are going to go ahead and start this 3 year process of adding value to their currency and also don't you find it strange that they are going to take their 50 dinar note off and retire it because it's part of reducing the note count process…these guys are actually making things happen. It's very very exciting!
3-20-2015 Newshound Guru Adam Montana [When is Ramadan? ...we know once Ramadan takes place everything slows down...Your opinion, with Al-Abadi in place, do you think progress will continued forward once Ramadan arrives, or will we have the normal slow down taking affect and our wait continues into 2016?] Ramadan is June 17 to July 17 this year. I don't think we'll make it that far without seeing something major. Will Ramadan be any different for Parliament under Abadi as opposed to Maliki? I would certainly think so, but "how much" different remains to be seen.
3-20-2015 Intel/Newshound Guru tman23 they have an HCL agreement in large...the devil is in the details...and those details cannot be defined until there is a article 140...which cannot happen without a census...which cannot take place with all the displaced people...so if we need a HCL to have a RV... were a looong ways away. 3-19-2015 Intel Guru SteveI I talked to [Guru] Ray last week and none of our contacts have anything new. We all felt that February was a very time for this to appear, but Iraq did not feel that they were quite ready. We are being told that the banks are ready and the CBI is ready, but one of the hold ups could be the continued security regarding ISIS. It is my understanding that ISIS still controls the border between Iraq and Syria, thus causing a problem if the border does need to be closed for a short period of time. I believe the lack of news is very encouraging and what news is coming out, is very positive regarding this investment. Iraq simply cannot support the budget and development at the rate they currently have. Hang in there and hopefully it will all be over soon...
3-19-2015 Newshound Guru sczin11 [whats your take on the ISX hype?] ...THE ISX IS KEY TO ER/MR REFORM GROWTH... WITHOUT IT, NO MONEY OF ANY CONSEQUENCE COMES INTO IRAQ - I STATED THAT THE COUNTRY WOULD IMPLODE, RETURN TO TRIBAL LEADERSHIP... THIS IS MUCH MORE PRESSURE ON THE CBI, THAT CAN NOT CONTINUE...AND IN LAST 24 HRS, WE ARE SEEING BIG COMPANIES TAKING MONEY OUT OF THE BANKS, AND THE BANKS BEGGING THEM TO COME BACK.
3-19-2015 Newshound Guru Breitling The ISX is correcting a little bit. The rich have one thing in mind…to buy at garage sale discounts. So what happened? The ISIS came in the ISX [Iraqi Stock Exchange] took a hit…I personally started buying more and more and guess what? It's going up.
3-19-2015 Newshound Guru Kaperoni As we have stated, the dinar will rise as a result of inflationary pressure created by investment. What we are seeing the past couple of weeks appears to be measures that will create the environment for that pressure to happen. Raising the value of the dinar is sorta like a consequence and not a "just because" action. The remittances, tariffs are just the start...we will simply need to watch and see how Iraq's economy progresses. Just because the CBI is not following the IMF Article IV requirements is not necessarily a bad thing if the goal is the same. And we believe the goal is to open the banking system so investors can participate. If they do, the dinar will rise. What happens after that is still to be determined. No need to panic. Let it come to us. [post 2 of 2]
3-19-2015 Newshound Guru Kaperoni The reality is they are not going to achieve Article VIII anytime soon. That being said, whatever they are doing..it does not appear to have the blessing of the IMF either. And that is cause for some concern. We have to hope they are doing what Dr. Bakri stated when I asked about Article VIII accession..."Iraqi dinar first needs to improve before coming to such a work, and improvement comes through delete some zeros from the Iraqi dinar,.." I don't believe the CBI is ignoring monetary policy (though they are apparently not really interested in IMF compliance at this point) especially when we see the all the economic articles. The Prime Minister is working hard on changes, there are conferences and such going on... quote from a dinar article..."And between Yasiri that the Finance Committee "supports changes to the local currency because of the economic importance of the country." The central bank says that the deletion of zeros is part of a plan to develop its monetary policy and currency reform management." [post 1 of 2....stay tuned]
3-19-2015 Newshound Guru Chattels "Zebari said that the delay is due to the financial crisis and not to political factors, and added that the two sides remain committed to the agreement...the agreement is still a mainstay of relations between the two parties, noting that a comprehensive agreement is of great importance to all." MY SENSE OF "COMPREHENSIVE AGREEMENT " IS THAT SUCH IS A REFERENCE TO A PERMANENT, EXPANSIVE AND INCLUSIVE HCL AS OPPOSED TO THE " DECEMBER AGREEMENT " WHICH IS INCORPORATED INTO THE 2015 BUDGET AS LAW FOR THAT YEAR, BUT NOT BEYOND. THE CURRENT UNDERSTANDING BETWEEN BAGHDAD/GOI AND ERBIL/KRG DOES NOT RESOLVE SOME IMPORTANT ISSUES, TO WIT: 1) ENTITLEMENT ON EXCESS PRODUCTION OF 550,000 BARRELS, AND 2) MANAGEMENT OF SUCH PRODUCTION BY SOMO OR KOMO OR ANOTHER ENTITY.
3-19-2015 Intel Guru Frank26 K notes were made and designed solely for a Program rate that started around 4500. Today it sits at 1166 AND LD's / Fils coins Were made and re-designed with Kurd language solely for a HIGHER IQD RATE. S.S. at The CBI is doing that right now.
3-19-2015 Intel Guru Delta WOW IRAQI STOCK EXCHANGE UP OVER 1000%. IRAQI MEDIA SAID THAT ISX IS DOWN, BUT ISX SITE IS SHOWING HUGE INCREASE.. IMO...AFTER HOURS MARKET FOREIGN INVESTOR.
3-19-2015 Newshound Guru tlm724 ISX is up 1100% over night Today at 8:03 am. [...something is up and I believe its a good thing.] It appears you are correct. The ISX increase appears to have an huge influx of liquidity into mainly Bank and Insurance stocks to the varying tune of a 60-90 % increase. ...big investors are pumping money into the banks in Iraq and this shows a tremendous amount of confidence.
3-19-2015 Intel/Newshound Guru tman23 There are no pending laws that hold back a monetary change...ALL EXCUSES. How many times...have you heard and read they need this and or that...Only to be posted...that Shabibi was ready to pull the trigger in 2012...AHHHHHHH Guess that law expired!! The only thing holding Iraq back is IRAQ...Barzani told them (knowing the ESX was scheduled to open)...DROP THE 3 ZEROS BECAUSE KURDISTAN WILL NOT DEAL WITH THEM IN THE NEW MARKET... Quite frankly I don't believe the Kurds care for the excuses...YOU JUST GET IT DONE! They mention payment...And by good source I am informed of an amount of 1 billion dollars...This payment will be made BEFORE APRIL. Let's see how it "pans out"...but this is usually right on the money...no pun intended.
3-19-2015 Intel Guru Jester [So did (Guru) Hocus Pocus say the folks are still excited?] THEY ARE WAITING...SAME AS US...BUT VERY EXPECTANT. [Somewhere in Dinarville I read...that the TV over in Iraq is saying they are now on step 4 of the reform...Just wondered if HP (Guru Hocus Pocus) had heard the same?] I DO NOT THINK THAT IS SO... WE TALKED ABOUT IT SPECIFICALLY TODAY AND OUR SOURCES ARE NOT SEEING THAT.
3-19-2015 Intel/Newshound Guru Backdoc THIS EVENING [WEDNESDAY] I NOTICED A CHANGE IN PATTERN WITH THE CURRENCY RATE! THE RATE ROSE TO AROUND 1130 TO 1140 DINARS TO A DOLLAR! THE DROP ON THE GRAPH WAS AROUND 6 TO 7 PM...INTERESTING! ONCE THE ZEROS ARE REMOVED FROM THE RATE WE POTENTIALLY COULD SEE A STARTING POINT FOR THE FREE FLOAT IF THAT IS THEIR INTENT. WE DON'T KNOW BUT IT SURE IS AN INTERESTING MOVE TO SAY THE LEAST!
3-19-2015 Intel Guru Frank26 I-Team on the ground tell us that the citizens in Iraq were demonstrating today. They know it’s going to happen! 5 Providences are going to get 250 Billion dinars. At 1166? Why that is only about 50 billion per providence. 50 Billion can’t allow them to function for too long. But what if that 250 Billion was say at the “NEW RATE”?! The articles are now in BILLIONS...NOT in TRILLIONS! This is huge!!! This is NEW MATH...NEW NUMBERS... NEW RATE! What was supposed to happen today (18th of March)? The private sector was supposed to be launched today. Did it? No...it’s waiting for the new rate! Meanwhile the IMF comes out today and says “the IMF staff concludes that the 2015 Article mission 4 is completed!” WOW! Let’s see what happens between now and Saturday the 21st! [post 2 of 2]
3-19-2015 Intel Guru Frank26 [via FrostyTheSnowman] The spreadsheet...on the 18th shows 1166 but don’t be concerned about that at all. What if I told you it was to send a message to the “bad guys”? ...the spreadsheet directs your eyes to the numbers that will add value to the end of their calculations that they are doing right now. This action is not only historical but the spreadsheet is following a step-by-step process to add value to the end. Now we told you it would be up there at 1166 but we also told you about the rider. It looks like right now they may be trying to go between 70 to 75 cents. Maybe $1.20...maybe $1.30 or something like that. I don’t know. Because based on where they are at that may be as far as they can go right now. Our Teams also want you to remember that you should NOT ever compare Iraq to Kuwait! Kuwait was not a MR...it was a reinstatement of their value. Iraq is a monetary reform. They are going to surprise the living daylights out of everyone real soon. [post 1 of 2....stay tuned]
3-19-2015 Newshound Guru Millionday [What happened to GREEN LIGHT by CBI?] THE SYSTEM THEY HAD THE GREEN LIGHT FOR INCLUDED THE REMOVAL OF THE THREE ZERO CURRENCY FOR THE FOLLOWING TWO YEARS. THIS IS OBVIOUSLY PART OF IT TO HOLD SOME OF THE US DOLLAR IN INVESTMENT BUT GREEN LIGHT LOOKS YELLOW.
3-19-2015 Newshound Guru Adam Montana [I have read some articles saying that the Kurds and Baghdad have agreed to most of the points of the HCL law. Is this what you are hearing?] Yes, you are correct - the majority is done and we are looking for it to be 100% complete any time now. 3-18-2015 Intel Guru DC [via Adept1] ...everything looks good. On television, they announced stage four of the economic reforms. There are celebrations while the UN folks are in town, both for Da’ash and the economic reform. They announced it in the mosques and on the radio that there is a special celebration tonight. The Council of ministers, Federation Council and their military are expecting this right now. They have started to change over to the rate of $3.91 on the Qi cards, to contractors, past payments, payments to provinces, to widows and orphans and everyday people in the northern and southern provinces. They are now starting that in Baghdad. They are saying on television that the completion of economic reform will be finished in the next day or so... We are not betting the farm on this, but that is what they are saying... Abadi and Shabibi have an idea of what they want to do, but are feeling their way forward, and it’s in their hands to choose. We are very, very close. Everyone in Iraq is ready for stage four, which is us. The US banks are ready for this to go down at any moment... Everyone in the world just waiting for the big man to pull the trigger.
3-18-2015 Newshound Guru Backdoc WITH CONTINUED WORK ON LAWS, PROGRESS CONTINUES TO EXPLODE! THEY STATE THAT THEY PLAN TO IMPLEMENT THE FINAL PARAGRAPHS OF THE HCL LAW BY THE 28TH! PAYMENTS TO OIL COMPANIES ARE PLANNED TO BE PAID BY APRIL 1ST AS WELL! WE ALSO HEAR OF THEIR CONCERN FOR FINALIZING SECURITY BEFORE LAUNCHING THEIR MARKET ECONOMY BY THE END OF MARCH, WHICH THEY HAVE STATED! WITH A GREEN LIGHT GIVEN FROM THE CBI AND A 3 DAY HOLIDAY COMING THIS WEEKEND, POSSIBILITIES ARE RISING! IMO. [post 2 of 2]
3-18-2015 Newshound Guru Backdoc WE SEE AN ARTICLE STATING WE ARE IN BETWEEN THE DELETING OF THE ZEROS AND THE RELEASE OF THE NEW EDITIONS OF CURRENCY! NEXT, WE SEE THAT SWIFT CODES HAVE BEEN ACTIVATED BY EVIDENCE OF THE ISX TAKING DOWN ITS’ MESSAGE THAT A DATA FEED HAS BEEN INTERRUPTED! A LIVE CONNECTION TO THE WORLD APPEARS READY! THE IMF JUST STATED THAT THEIR CONSULTATIVE WORK WITH IRAQ IS NOW CONCLUDED! THE IMF JUST GAVE THEM A SLAP ON THE BACK AND SAID NOW GETTR DONE BOYS! [post 1 of 2....stay tuned]
3-18-2015 Intel Guru TNT Tony [via Adept1] There is a lot of great news. We are not promising anything, no crystal ball, but it’s all looking good. This is NOT being shown on Iraqi television here, but on their television there: “Stage 4 of the economic strategy has begun". They are starting celebrations today for Iraqi soldiers for driving ISIL from Iraq and also to celebrate the final stage of the economic strategy.” Monday they started in the outer provinces, clearing Da’ash and paying people. They are starting from the out in, and one reason is to make sure ISIL doesn’t get their hands on this money. They have now started in Baghdad. All systems are go, all lights are green, everyone is on standby – we cannot be at a higher state of readiness. WE have never been THIS close before, and we’ve been ten minutes away... Let’s see what happens.
3-18-2015 Newshound Guru Adam Montana ...this last week was a bit slow. We've seen continued evidence that Abadi is "the man" we want at the helm, as he continues to do great things to advance Iraq in every aspect possible. Parliament has been working diligently, accomplishing more in a week than they used to in 2 months! It appears that the Oil & Gas issue is paused at the moment...I'm going to cut them some slack and give the benefit of the doubt at this time, since they are actually working... There's a few ways to look at this...the most logical, in my opinion, is pretty simple - the CBI probably informed Parliament that they were not ready yet, so hold off on the HCL. So, what might be holding the CBI back? Again IMO, not much! The CBI is excellent at what they do, so perhaps it's a simple matter of aligning all of the banks that participate in the auctions. Maybe it's a last minute tweak on the Post-RV spreadsheets that they will be using. If that's what is happening, I believe that's great for us. It means we are a few words away from seeing this all come together. We need some HCL news before I start packing my bags...
3-18-2015 Intel Guru Frank26 The CBI and GOI both did something historical... the biggest advancement in the monetary reform of the IQD. The combination of these things are incredible! #1 – The banks of Iraq have their own SWIFT code for Int’l communication. These banks have been transferring money and doing wiring-transfers for years – which is no big deal...but they have never been able to do it with a SWIFT code. This is the first time. Which is an Article 8 requirement. Question -- What is another Article 8 requirement? Answer: the lifting of the 3 zeros. #2 -- ...the governor of the CBI came out and said...“yes we are in the process of lifting the 3 zeros.” When you go to the CBI website and you don’t see 1166 anymore...it’s because they lifted the 3 zeros. 1166 is not in the column where it should be. Normally it is on the 18th it disappears for a few hours and then comes back. Why would they need SWIFT codes for 1166? It may be that on the 18th we may see 1166...then the rider kicks in ...and God willing...we may see a new rate. [Guru] Delta’s team has told us that there will be something on the 18th – let’s see what happens.
3-18-2015 Newshound Guru Aggiedad77 Article: "Daash" hamper Iraq's accession to the World Trade Organization" Security issues within Iraq that are obviously associated with threats from DAASH terrorists are putting Iraq's efforts to join the WTO on hold for at least the time being.....at the same time Iraqi forces have been making very good progress in ousting terrorists from some areas around Iraq...more work is needed to get things moving again with the WTO.
3-18-2015 Newshound Guru Millionday [Wouldn't it be safe to say, that Iraq could buy a whole lot more security and support with an RI'd currency?] THE COALITION IS HELPING IRAQ TO NOT GAIN IN FUNDS BUT TO PROTECT THE GLOBE FROM TERRORISM --- THEY ARE WORKING HARD TO GET CONTROL IN THE WHOLE REGION AND IT IS IMPORTANT TO US ALL --- THE STATEMENTS WE HAVE SEEN -- SEEM TO TELL US THAT THEY ARE WANTING THE TERRORISTS...TO BE CLEARED FROM SOME AREAS...IF A MARKET ECONOMY WILL SHOW SUCCESS AND THE CITIZENS WOULD BE SAFE AS WELL...SOME EMBASSIES HAVE HELD OFF OPENING DUE TO SAFETY. SO AS WE SEE -- THE PROBLEM HAS BEEN THE TERRORISM THEY HAVE BEEN SETTLING AND WITH SUCCESS ACCORDING TO REPORTS. [post 3 of 3]
3-18-2015 Newshound Guru Millionday [have the iraqi army liberated tikrit and have moved onto mosul yet?] IT WAS ANNOUNCED THAT TIKRIT IS DONE AND THEY HAVE MOVED ON TO MANY AREA. THEY ARE ALSO DISCUSSING WORKING TOGETHER IN THE REGION -- UNIFYING THE SUPPORT. EVEN KUWAIT IS INVOLVED SO THE PLAN IS TO WORK TOGETHER. ...IN THE LAST FEW DAYS -- EGYPT HAS STATED THAT THEY WILL HELP IRAQ IN TERRORISM SUPPORT. IRAQ IS MAKING IT VERY CLEAR HOW IMPORTANT THE SECURITY ISSUES AND THEIR RESOLVE ARE -- ABADI IS ALSO STATING FROM HIS OFFICE... HARMONY BETWEEN POLITICAL AND MILITARY POSITIONS-- FOR A UNIFIED POSITION. [post 2 of 3....stay tuned]
3-18-2015 Newshound Guru Millionday "those relationships and brothers laid the foundations in March 1970 agreement but unfortunately, successive governments have worked day and night in order to pre-empt this agreement and actually got through to create sedition among the Iraqi people, especially between Arabs and Kurds, and what happened recently from historic agreement between Baghdad and Erbil represents a new and honorable page to build a democratic Iraq." THE ERBIL AGREEMENT... THE UNIFICATION OF THE COUNTRY IN THE WAR ON TERRORISM. THIS IS THE NEW AGREEMENT BEING ACTIVATED -- ERBIL AGREEMENT WITH IRAQ FEDERAL -- GREAT NEWS. [post 1 of 3....stay tuned]
3-18-2015 Newshound Guru My Ladies [why would you publish a spreadsheet and then remove a line? To me, that would negate the spreadsheet. If you did that, wouldn't you have to re-date the spreadsheet?] YES I READ SPREAD SHEETS OFTEN AND THIS ONE IS EASY TO FOLLOW, HOWEVER IT GOES ALL THE WAY BACK TO 2003 SO IF IN FACT ANY NUMBERS OR RELATION TO 1166 WAS THERE THE ENTIRE FLOW OF THE SHEET WOULD REFLECT THAT, AND IT DOES NOT. THE CURRENT MONTH MIGHT POSSIBLY BE REMOVED GOING FORWARD, BUT NEVER WOULD THE PAST BE ERASED. IMO.
3-18-2015 Intel/Newshound Guru tman23 I have asked for weeks now one question to those in Iraq...Has anyone seen the NEW 25,000 note with the NEW security features that the CBI posted on their website...And the answer has been NO!! So as long as the boy holding the water jug with sheaves of wheat on the 25,000 note are the only ones in circulation...we are still in a positive place. 3-17-2015 Newshound Guru sczin11 ...THE CHANGE TO INTERNATIONAL RECOGNIZED CURRENCY, AT A TRUE VALUE REALITY RATE, CAN HAPPEN ANY TIME...THE LAWS THEY SEEK COMPLETED, CAN HAPPEN AFTER, BEFORE, OR SIMULTANEOUS...WHAT DIFFERENCE WILL IT MAKE IF INVESTMENT LAW IS APPROVED OR NOT? IT WOULD JUST DELAY FOREIGN INVESTORS FROM RACING IN...HOW DOES THAT SAY THE CHANGE CAN NOT OCCUR NOW?
3-17-2015 Intel Guru TerryK ONE PERSON...SOURCE TOLD ME TODAY HE WAS PACKING HIS BAGS. I ASKED, FOR A VACATION. HE SAID YOU COULD SAY THAT WAS HIS REPLY. HEARING THAT WED THUR NIGHT IS THE NIGHT BUT HEY WE HAVE HEARD THAT BEFORE RIGHT. I'M HOPING THAT TOMORROW BRINGS US HAPPINESS.
3-17-2015 Intel Guru Frank26 [...How do I know the 1166 was once where u said it was?] Pics of the spread sheet from the 18th of February are in our file...
3-17-2015 Newshound Guru Kaperoni We have said for a long time...pressure is what will raise the value the dinar. Either through investors, taxes, or other. They are trying to create pressure so they can let the dinar go. Give it a bit of time..its coming.
3-17-2015 Intel Guru Mnt Goat I believe they are slowly rolling out the currency reform providence by providence and town by town. I have confirmed this many times... It is really happening! I am told soon the pace will quicken but all provinces do not have to be completed prior to a formal announcement. I reaffirm to you now that the CBI is in total control over the reinstatement but it is also working closely with the GOI cabinet finance ministry... The urgency in the news articles are also telling me they are now planning to begin imposing the new taxes soon. This many feel can not be done without currency reform completion. So it is all very near. [post 2 of 2]
3-17-2015 Intel Guru Mnt Goat What we do know for a fact is that Iraq, the IMF and the USA has all agreed that the Iraqi citizens will benefit first from any currency reform. The was at the request of Iraq. Once Iraq is convinced that the in-country of Iraq can handle the revalued currency and new rate they will turn the attention to releasing it to the rest of the world. All we can do is look at the progress of the in-country rollout, the progress with fighting ISIS and the parliamentary progress in the needed laws to support the budget. Actually I am hearing nothing but very positive news about a forthcoming reinstatement and I am told to wait just a little bit longer and we will get our pretty green presents... [post 1 of 2....stay tuned]
3-17-2015 Newshound Guru My Ladies I KNOW WE ARE WAITING FOR THE PRIVATE SECTOR AND I HATE BEING THE PORCUPINE IN THE BALLOON FACTORY BUT... THE CBI FILED A MOTION IN COURT FOR COMPLETE SEPARATION FROM THE GOI, THEY WANT TO PASS THEIR LAWS WITH OUT PARLIAMENT LIKE ALL CENTRAL BANKS DO. I THINK WE NEED TO LOOK FOR THE FEDERAL DATE FOR THE HEARING FOR THE CBI. WE NEED TO SEE THE SEPARATION OFFICIALLY AND THE CBI NEEDS TO ACT LIKE A CENTRAL BANK. THERE IS EVERY POSSIBILITY THAT WE WILL SEE SOMETHING TOMORROW... WE ARE IN A SOUND INVESTMENT AND THE CBI IS MOVING ALONG. WE ARE STILL VERY POSITIVE AND BELIEVE WE WILL SEE THIS SOONER THAN LATER. [post 2 of 2]
3-17-2015 Newshound Guru My Ladies DO NOT BE SURPRISED IF TOMORROW DOES NOT SHOW US THE PRIVATE SECTOR BEING ACTIVATED. ABADI IS SAYING LIBERATING THE COUNTRY OF DAASH IS A PRIORITY FOLLOWED BY ACTIVATING THE PRIVATE SECTOR. SO PLEASE BE PREPARED FOR THE WORSE. I HAVE A VIDEO ...AND MANY LINKS TO SHOW...THAT IRAQ HAS HAD SWIFT CODES SINCE 2003. I ALSO HAVE A STATEMENT FROM TRADE BANK IRAQ SAYING THAT CARDS HAVE BEEN USED IN THE USA FOR YEARS AND YEARS WITH NO PROBLEMS. I DO NOT WANT ANY OF YOU HANGING HOPES ON SWIFT CODES. THIS TIME IS COMING VERY SOON BUT NOT BECAUSE OF SPREAD SHEETS OR SWIFT CODES. THIS TIME IS COMING BECAUSE THE COUNTRY IS READY. [post 1 of 2....stay tuned]
3-17-2015 Intel Guru Frank26 Is this CBI spreadsheet PDF file an “illusion”? We don’t believe so. The ISX is green – meaning they are profitable now! (How did that happen at 1166?) Things are going to make a whole lot more sense very soon. Here’s some more news. This just came in. Some of the data on the spreadsheet...more of its missing. Again yesterday the governor of the CBI came out and said we’ve got the green-light! Let’s see what the IMF has to say in the next few days...and what the CBI does!
3-17-2015 Intel Guru Delta All indications from the CBI...and one of the biggest confirmations is when the CBI finally said (on March 3, 2015) they had the “green light” to implement and delete the zeros. It’s in Iraq’s best interest to revalue their currency...it really is all that is going to save them. We know something is about to happen. There is no liquidity. They can’t survive at 1166. When the country accepts Article 8...they have to send a letter of intent to the IMF. They basically have about 2 more days. Very interesting when they took the numbers out of the chart...indirectly it looks like they got Article 8. The only thing we are waiting for is the announcement from the CBI. What are they waiting for? They are waiting for the new numbers. A new rate!...and IMO...very, very soon!
3-17-2015 Newshound Guru Tlar I believe that monetary reform is not waiting on ISIS removal and that it is a separate issue that is happening right in front of us. Time will tell what's right or wrong. There [are] many things that indicate they are ready to do it this month.
3-17-2015 Intel/Newshound Guru tman23 The ONE THING WE CAN BE 100% CERTAIN ABOUT...The lifting of the 3 zeros is NOT A NEUTRAL EVENT!! What profit there is to be made is unknown...but they made it quite clear that it would increase the value of the dinar...
3-17-2015 Newshound Guru Aggiedad77 Article: "Fayad reveals lingered in the oil and gas law" The Chairman of the Parliament Energy Affairs says that Speaker Jubouri has sent a letter to the COM requesting they delay sending the oil and gas law to Parliament because of work within the committee formed by the COM still works on amendments to satisfy the political blocs and sending now would be premature of their efforts...he speaks to a "NEW FORMULA" after some additions are made to some paragraphs within the law...a "NEW FORMULA." Could this new formula provide the necessary mechanism, the calculation that would identify an international rate change...
3-17-2015 Intel Guru TerryK Article quote: "Kurdish source said that "high-level Kurdish delegation will visit Baghdad today, to complete the negotiations on outstanding issues with the government of the center and the most important of which the conditions of the Peshmerga and exports of oil and financial benefits to the region." LOOK AT THE NEWS LOOK WHAT'S GOING DOWN...LOOK AT THE BIG SHOTS MEETING TODAY IN BAGDAD COMING IN FROM KURDISTAN... WOW. ASK YOURSELF IF THEY ARE NOT GOING TO RV HOW CAN THEY PAY FOR THE IMPORT AND EXPORT. THERE WERE OVER 60 SHIPS DUMPING GOODS INTO WAREHOUSES IN IRAQ LAST WEEK NEVER REPORTED. SO ASK YOURSELF HOW CAN THEY UNLOAD SHIPS. WE ARE SO THERE.
3-17-2015 Intel Gurus Frank26 & Delta Meantime, the banks develop a SWIFT code for “INTERNATIONAL” communication. (Imports, exports, taxes, tariffs). All products have these codes now. The SWIFT codes...very, very important. All banks have a digital address (SWIFT code) – sending money from country to country. Is the IQD international? Not yet. They didn’t do it before. Why? Because, IMO, the rate is about to change. The SWIFT codes were activated on Friday. All banks can now communicate with each other. The tariff is in place. Before it was only for “luxury” goods. The draft laws have the duty tax code on the new rate. Many things are in position right now. As soon as they put a new rate up...like flipping a switch...instantly things can change. When the CBI pulls the trigger...any bank/exchange center will see the SWIFT code for the IQD. We believe we have an excellent window this week! We believe they will not revalue the currency in the middle of the day. Everything is lining up. The only thing we are waiting for is the announcement from the CBI. [post 2 of 2]
3-17-2015 Intel Gurus Frank26 & Delta [via Frosty the Snowman] Yesterday we discovered that the program rate of 1166 is gone! 1166 has been there for years. We have watched this spreadsheet very closely...Why would they delete the 1166 rate? For them to take these numbers out it tells us...in our opinion...that the program rate may be changing. This is very significant. What they are doing behind the scene is including a new rate – we just can’t see it yet. The numbers on the spreadsheet are still false. Something is going on with the book of systems with the CBI. The Excel spreadsheet...is no longer a PDF file! It’s an OPEN document! ...so far this looks HUGE! [post 1 of 2....stay tuned]
3-17-2015 Newshound Guru Millionday WE HAD READ A REPORT THAT THEY WERE GOING TO TRY TO ADD TO REVENUES BY SELLING LAND DUE TO ECONOMIC CRISIS. THEY HAVE HALTED THAT PROGRAM DUE TO THE LACK OF NEED NOW -- WHOOPOW. Article quote: "the economic and financial situation will be controlled well in the coming months." FINANCIAL CONTROLLED IN COMING MONTHS -- LOVE IT.
3-17-2015 Newshound Guru sczin11 [Should we assume after 2 years the 25000 notes will be worthless, or is the 2 years simply an objective?] SEEN A FEW VERSIONS MENTIONING DIFFERENT TIME FRAMES...I ASSUME IT WILL BE MORE DEPENDENT ON WHAT THEY TAKE IN...THEN THEY WILL MAKE FINAL DEADLINE.
3-17-2015 Newshound Guru Kaperoni Article quote: "The President of the advisers in the Cabinet Thamer Ghadhban determine on the 18th of this month as the date for the development of mechanisms for implementing the strategy of the private sector in an expanded meeting..." Interesting...since most of the financial people were busy all weekend with the IMF it makes sense that this conference was postponed. Wed. may be interesting day.
3-16-2015 Intel Guru TerryK I WANTED TO TELL YOU SOURCES ARE ALL JUICED UP. THEY ARE TELLING ME, ALL OF THEM, NO WORRIES DONE BY 24TH...ALL 7 OF THEM...SAME THING...NO LATER THAN 24TH... IN FACT THEY ARE SO DONE THAT PARLIAMENT WAS DISMISSED TODAY AND NOT COMING BACK UNTIL NEXT WEEK SOMETIME. IT'S ANY MOMENT...THIS IS IT.
3-16-2015 Newshound Guru Millionday Article quote: "Parliamentary Finance Committee on Monday expressed, concern about the continuing rise in the dollar's exchange rate against the dinar...the reasons may be behind the rise in the dollar's exchange rate against the dinar, and that this has been getting used to it in Iraqi market and rare lasts until he returns to normal." THE COMMITTEE IS NOT THRILLED WITH CBI AND THE RATE CHANGE OF SLIGHT THEY DID, BUT LOOK "UNTIL HE RETURNS TO NORMAL" NORMAL IS GOOD. SO OBVIOUSLY THEY WANT TO MOVE FORWARD AND SAVE THE DINAR AND THEIR ECONOMY -- WHAT THEY NEED IS THE ENTIRE ECONOMIC REFORM OR THEY WOULD NOT HAVE DEVELOPED IT FOR THE COUNTRY... AS WE KNOW THEY ARE WORKING ON EACH STEP TO ENSURE SUCCESS...THEY ARE IN A HUGE RUSH BY WHAT WE HAVE SEEN...
3-16-2015 Newshound Guru Aggiedad77 Article: "Kurdish delegation in Baghdad on Tuesday" A Kurdish delegation returns to Baghdad on Tuesday to discuss outstanding issues with the oil and gas agreement between themselves and Baghdad...no mention of who is leading the group this time...they do mention that they bring "high-level" entities with them...
3-16-2015 Newshound Guru sczin11 WHAT IS IT THAT IRAQ IS DOING BEHIND THE SCENES, PRIVATELY, TO HIDE THE PROCESS FROM THE WORLD... I REALIZED, THEY ARE DOING NOTHING DIFFERENT THAN A COMPANY GOING PUBLIC GOES THROUGH WHEN THEY ARE BEING UNDERWRITTEN BY A BROKERAGE HOUSE IN PREPARATION FOR THE IPO. THE PROCESS IS UNDERWAY, WE WOULD LOVE TO KNOW WHEN, THAT IS UNREALISTIC...WOULD BE LIKE INSIDER TRADING...A TOTAL CRIMINAL ACT...THERE IS NO CHECKLIST...NO ONE KNOWS WHEN...IT COULD BE ANYTIME...PRESSURE IS MOUNTING FROM ALL OVER.
3-16-2015 Intel Guru TNT Tony [via Adept1] We know it was supposed to go Saturday night, and we expected to have a great weekend, but they didn’t get that far. Why are people still saying laws have to be passed? We know that the budget has been passed and all the relevant laws have been passed. We know that all the banks connected internationally a week ago Sunday, with the Swift codes being issued. That means the system is free-flowing. We know people have sent and received international funds. The system has already been approved, and we are in the middle of the RV process. It hasn’t hit our shores yet. In Iraq, they are paying from the top down, starting with the government, then the contractors, then those owed money by the government. The citizens will be last, like we are last. The banks can actually see the international rate, and they know the system is working. Everything is done, the banks are ready, the Swift codes are done... I don’t see how they make this go much longer.
3-16-2015 Intel Guru EXOGEN [...can you now say HCL is passed and verified...?] SOME COMPONENTS OF IT HAVE BEEN ACTIVATED BUT NOT ALL. THE HCL WAS AGREED UPON LAST YEAR. KURDISTAN IS NOT 100% HAPPY YET. ALL SHOULD BE REVEALED ABOUT THE HCL THIS WEEK IF ALL GOES AS PLANNED!! HOPEFULLY OTHER GOODIES WILL BE REVEALED THIS WEEK AS WELL! IS THE SYSTEM NOW TURNED ON & IMPLEMENTED & ACTIVATED FOR IRAQ TO DO INTERNATIONAL BUSINESS AND GLOBAL BANKING - 100% YES.
3-16-2015 Intel Guru DC [via Adept1] We’re all a little frustrated it didn’t come out this weekend. They have started to pay people out in areas of Iraq, in a planned way. We are all taken aback by how methodical and slow they are doing this in Iraq. They have started paying contractors owed money by the country and by provinces...Some everyday citizens have also been paid... Tension is rising, and part of the country is still 1166, some is at $3.91, and they wonder what the heck is going on. I am being told every eight hours that they are getting their act together and preparing for rolling it out to everyone in the next few days...it’s being actively managed by the CBI and the Finance Ministry. That is good. The US and the rest of the world are in lockdown, in ‘hurry up and wait’ mode. Bankers have been told strictly not to talk to people like us; they don’t want their employees talking about their process. Several times they have been flashed that this is ready and then it hasn’t gone through – on all levels, from bank executives and wealth managers down to the tellers. I know we are all frustrated that it continues to inch ahead, but the RV process has actually begun. Everyone is just waiting.
3-16-2015 Intel/Newshound Guru Poppy3 FOR THOSE HAVING DOUBT ABOUT YOUR INVESTMENT ---7 TIMES IN HISTORY WHEN COUNTRIES HAVE BEEN LIBERATED BY WAR THEY HAVE HAD THEIR CURRENCY DROP TO PRACTICALLY NOTHING DURING THE WAR AS IRAQ HAS. THEN USUALLY WITHIN 4 YEARS AFTER LIBERATION THEY HAVE REVALUED THEIR CURRENCY TO AT LEAST WHAT IT WAS PRE WAR. KEEP IN MIND ALL THESE COUNTRIES STILL HAD A WORKING GOVERNMENT WHICH IRAQ DIDN'T HAVE. THEY HAVE HAD TO FORM A COMPLETE NEW GOVERNMENT... PLUS THE REASONS A VERY LIMITED PEOPLE EVER MADE MONEY OFF THESE EARLIER REVALS IS ONLY HIGH RANKING OFFICIALS KNEW ABOUT THEM. THERE WASN'T THE COMMUNICATION WORLD WIDE AS TODAY. I TRULY THINK THEY HAVE DONE A VERY GOOD JOB THUS FAR...MY THOUSANDS INVESTED AND MY 11 YEARS OF FOLLOWING PROGRESS HAS BEEN VERY WELL SPENT.
3-16-2015 Newshound Guru Millionday I AM ASKED MANY TIMES IF THIS OR THAT IS WHAT WE ARE WAITING ON WHEN IT IS AN ENTIRE PROCESS -- IT IS NOT A SWITCH OR ONE ITEM IT IS AN ENTIRE EVENT /PROGRAM THAT HAS BEEN INGENIOUSLY DESIGNED.
3-16-2015 Newshound Guru Chattels Article: "Shawki: Parliament sessions will be for four days in a row" much emphasis was made to this singular report and suggestive of some great developments, which was then misguided, IMO. the KUrds are not there in Parliament...nothing really " big " is going to happen in Parliament without the Kurds, IMO.
3-16-2015 Newshound Guru Aggiedad77 Iraqi advisors and economists are working side by side with the GOI/COM to bring an end to the financial crisis they are in today...they expect to see mechanisms put into play on the 18th that will bring more support to the private sector and provide that sector with more opportunities in which to help in the crisis situation.
3-16-2015 Newshound Guru tlm724 Article: "Abadi and infallible underline the importance of the arrival of Baghdad and Erbil, the mechanisms of implementation of the oil agreement" Quote: "the importance of the arrival of the federal government and the Kurdistan Regional Government to necessary to implement the last oil agreement between the two mechanism" that's right from Abadi...tomorrow they will meet!
3-16-2015 Newshound Guru Tlar All indicators point to the fact we should know the truth of this investment this month. There appears to be no more stoppers, but remember it is Iraq and there are people who don't want to see Iraq prosper at all both inside and outside of the country starting with Maliki. Some will do anything to stop this.
3-16-15 Newshound Guru Millionday HUGE NEWS. THE NEWS IS SHOWING HUGE PROGRESS ECONOMICALLY AND ALSO THE ENTIRE NATION SWIFT CODES ARE OUT AND THEY ARE PART OF SYSTEM. THIS MEAN HOOKED TO THOUSANDS OF BANKS FOR INFORMATION SYSTEM. 3-15-2015 Newshound Guru OOTW something to consider - private sector development and solidity would help sure up/stabilize the currency - and remember a WTO requirement is to have an internationally traded currency - so I would suspect they want to perhaps get their private sector solid, then change the value and ascend to the wto near the same time.
3-15-2015 Intel Guru Frank26 Today the CBI removed its programmed rate of 1166 from their...”BOOKS”. ...where the program rate of 1166 always used to be. It was always there... It is gone now. It is blank. ...many of you are running to the CBI and still seeing 1166 on some pages but you have to go to the page on their website that only deals with their inflation or M1 M2 and M3 figures because this is the totality of their money and expenditures. Needless to say we were shocked...we are awed. We have a lot of information about the bank's swift codes (BIC)...we found out that they are activated and fully functioning...not just functional. With the swift codes now activated in Iraqi banks it means that they are international and functioning that way as you read this. This sentence means that Iraq internationally is now Article 8 compliant.
3-15-2015 Intel/Newshound Guru Backdoc THE OLD FIFTY DINAR GETS RETIRED TO PREVENT COUNTERFEITING AND PREPARES THE WAY FOR LOWER DENOMS TO BE RELEASED! AS WE HAVE SEEN, THIS PROCESS WAS PAINFUL YET NECESSARY! WITH PAYMENTS SAID TO BE SENT FROM THE CBI, RECEIPT OF THOSE PAYMENTS NEEDS CONFIRMATION BY A RATE! WITH KURDISTAN EMPLOYEES WAITING TO BE PAID FOR SALARIES WELL OVERDUE, THE PRESSURE MOUNTS AS EVIDENCED BY PROTESTS. RECENTLY I REMINDED US ALL, "IT’S NOT ABOUT YOU,” THIS WAS ABOUT THE RESTORATION OF THE EMPIRE! WE WERE JUST FORTUNATE TO HITCH A RIDE ON THE ABADI EXPRESS!! WE NOW AWAIT FOR THE CBI GOVERNOR TO SAY, "ENGAGE NUMBER ONE” IN THE NEXT FEW DAYS! [post 2 of 2]
3-15-2015 Intel/Newshound Guru Backdoc RECENTLY, WE SAW THE CBI CROSS A LINE IN THE SAND WHEN THEY INITIATED A NEW FINANCIAL MECHANISM OF COMMITMENT. THIS OF COURSE WAS A NECESSARY PREPARATORY STEP FOR LAUNCHING THE NUMBER ONE PRODUCT OF IRAQ, THEIR CURRENCY! CONTROLLING CASH IN THE PUBLIC FLOAT HAS CAUSED A NUMBER OF ITEMS TO BEGIN TO "FIT LIKE A GLOVE"! THIS STARVATION OF CASH FROM THEIR ECONOMY WAS PAINFUL FOR THOSE WAITING AND PROTESTING FOR THEIR SALARIES, BUT NEEDED! REDUCING ALL CASH BEGINS THE PROCESS OF DE-DOLLARIZING. [post 1 of 2....stay tuned]
3-15-2015 Newshound Guru Millionday Article quote: "Rafidain Bank confirmed his quest hard to open up the banking cooperation at the Arab and international levels" HUGE NEWS...RAFIDAIN BANK OPENING UP THE INTERNATIONAL LOCATIONS. Quote: "MP for the coalition of citizen Shawqi properly torque the House of Representatives pass laws, which would facilitate the process of investment and investors to enter Iraq." PARLIAMENT IS WORKING TOWARD ALL LAWS THAT WILL ALLOW INTERNATIONAL INVESTMENT -- WHOOPOW.
3-15-2015 Newshound Guru Aggiedad77 BIG BIG words from the IMF today that Iraq needs to listen to...look for it...Parliament is committing to meeting Monday-Thursday this week, consecutive days...wow.
3-15-2015 Intel/Newshound Guru tman23 Since March 9 - 10th there has been some really weird reports concerning payments, oil exports, etc... It is as if parts of the system have stopped...And there have been NO CHANGES APPEARING TO BE ON_LINE PAYING since 3/10/2105... I don't have an answer other than ...They are preparing the system for a change...and it's gone on for a week now!!
3-15-2015 Newshound Guru sczin11 Article quote: "Saadi: speculators rush toward their money in foreign currency in search of profit led to the withdrawal of cash from the stock market" THE MR [MONETARY REFORM] MUST, I REPEAT, MUST, BE COMPLETED...OR THIS COUNTRY WILL RETURN TO TRIBAL LEADERSHIP, AND IMPLODE! THE ISX IS THE KEY TO THEIR ECONOMIC FUTURE...
3-15-2015 Newshound Guru Kaperoni The question is when will they start? Ali al-Allaq wants his float to succeed. His window is over the next two years he wants to delete the zeros ( 1 to 1 exchange rate). So it is very important that the economic laws are in place so investor confidence occurs. When you have investors, you have an influx of capital. The result will cause the dinar to rise. I see this starting as soon as the laws are passed to support this investment process. [post 2 of 2]
3-15-2015 Newshound Guru Kaperoni Article quote: "The basic choice that a government faces with its policy toward the exchange rate itself is between an exchange rate that is floating and one that is set or fixed by the government. In the polar case of a clean float the government permits private market demand and supply to set the exchange rate with no direct involvement by government officials. In a managed float or dirty float the government officials do intervene at times to try to influence the exchange rate, which otherwise is driven by private demand and supply." This is a very important statement..."through the mechanisms already put in order not to influence the market." This is confirming they are going to float the dinar and let the natural effects of the float (supply and demand) set the rate of the dinar. And more importantly, it confirms it will be a free float that the CBI will not intervene to try and influence the rate. This statement by Allaq is very clear and the only one that fits that criteria (two years without influence). [post 1 of 2....stay tuned]
3-15-2015 Newshound Guru Millionday Article quote: "Erbil - detecting a senior leader of the Kurdistan on Saturday that the region's parliament approved the main points of contention in the oil and gas revenues fund law in Iraqi Kurdistan." THEY HAVE APPROVED THE OIL AND GAS FUND LAW...THIS IS HISTORIC AND HAS BEEN WAITED ON FOR A VERY LONG TIME [this is the HCL we were waiting for?] THIS IS THE FINANCIAL SIDE OF THE OIL PROCEEDS -- THE FUND ITSELF. [is the financial side of the hcl all we're concerned about moving forward with a rate?] THIS MEANS THAT THE AGREEMENT WITH KURDISTAN AND IRAQ ON THE BUDGET AND OIL PAYMENTS IS READY AND SET UP -- SO THIS IS A HUGE STEP FOR IRAQ AND BUDGET. THIS MEANS THAT MONEY WILL BE MOVING ON OIL SALES.
3-15-2015 Intel Guru TerryK I GOT WORD TODAY THAT NO WAY NO HOW THIS WILL GO PAST THE 24TH...THEY ALSO SAID FROM TONIGHT TO THE 24TH AND THEY RECONFIRMED THE RATE OF 3.90. THIS SOURCE IS WAY UP THE TEE PEE POLE. AND REMEMBER WHERE LAST WEEK I STATED THAT SOMEONE NEEDED FINAL SIGN OFF...WELL I WAS TOLD THAT HE WOULD BE DOING THIS TONIGHT [SATURDAY].
3-15-2015 Intel Guru Mnt Goat We know for a fact the Qi cards (for social benefits and retirement pay to Iraqi citizens) are loaded with a new rate but can’t be used as of yet. It was announced in Iraq on Friday these cards would be activated in the next few days. We are being told that this capability of the Qi cards will be turned on during Sunday March 15th . How far must the security issue be addressed prior to the final rollout of the RV? I am also told they need the Amnesty law passed along with the funding law for the National Guard (part of the power sharing agreement). Both these laws are up for final vote next week. [post 2 of 2]
3-15-2015 Intel Guru Mnt Goat we are still now witnessing extreme pressure from many parliamentary members to complete the currency reforms. The Iraqi news media is telling the citizens that it has been completed already yet in Europe and in the West we still get news of it’s near completion. The truth is this current slow, methodical rollout is in the hands of the CBI. They are in the driver’s seat. I tell you the budget is opened but the cash flow spigot is very limited. Only selected provinces are receiving funds if deemed safe from ISIS. The next step is for the individual providence to push out the lower denominations when needed from the banks to make transactions for reconstruction. What rate do they use? Some are using the $3.91 rate already. This is fact and not my opinion! It appears to me ( I could wrong) that this rollout schedule is very dynamic and was first started with Kurdistan and then the other major cities free of ISIS. Then as they are liberated the others follow. [post 1 of 2....stay tuned]
3-14-2015 Intel/Newshound Guru Poppy3 I RECEIVED ABOUT A MONTH AGO THAT INSIDERS IN THE GREEN ZONE WHERE SAYING THE NEW RATE WAS GOING TO BE HIGHER THAN ORIGINALLY EXPECTED IN ORDER TO MEET BUDGET INCREASES. TIME WILL TELL SOON. I KNOW YA'LL HATE THAT WORD LIKE I DO BUT I FEEL IT FINALLY APPLIES.
3-14-2015 Newshound Guru sczin11 Article quotes: "Parliamentary Finance Committee announced on Friday, near the starting point for ministries and local government allocations in the current year budget and grades and in the form of payments" "It added that the "functional assignments and grades will be launched in a few days and be in the form of payments due." THIS IS SAYING THE CBI WILL BE FUNDING THE BUDGET...THE WAY THIS ARTICLE IS WRITTEN, DESCRIBING THE STEPS, BUDGET APPROVED, RATIFIED BY PRES, WRITTEN IN GAZETTE, AND NEXT STEP IS FINANCE COMMITTEE ENFORCING, IMPLEMENTING THE LAW, AND CBI NEEDED TO PROVIDE THEM WITH THE TOOLS...THE KEY TO THE CAR...IF TRUE, THIS WOULD BE NICE... SUGGESTING THAT THE CBI WILL BE FUNDING BUDGET IN A FEW DAYS...
3-14-2015 Intel Guru Delta WE HAVE A CONFIRMATION THROUGH ONE OF IRAQI BROKERAGE... THAT CBI HAS SUSPENDED ALL OUTGOING WIRES THROUGH IRAQI BANK SINCE LAST WEEK!!!
3-14-2015 Intel/Newshound Guru Poppy3 Reference Guru tman23 post 3-13-2015: "Fact…Monday the 16th the 3 Presidents are scheduled to meet…Abadi, Jabouri, and Masoum…It is also being said that the Kurdistan region will begin receiving their full share of the 2015 Budget as voted to law starting April 1st…IMO…I believe from news and what is happening on the streets regarding the economy…that after Saturdays Conference and Mondays Presidential meeting…then Tuesday’s CoM meeting… I believe we are about to see the directives to the Ministers on Tuesday that will be to implement the 2015 budget and open the economy." I AM HEARING SAME INFO FROM TOTALLY DIFFERENT SOURCE...IF ALL GOES AS PLANNED TIME AND ACTION WILL TELL.
3-14-2015 Newshound Guru Aggiedad77 Article: "Member of the parliamentary energy: government asked to wait a law of oil and gas to the presence of talks around" A member of the Parliamentary Committee on Energy is asking Parliament to wait in bringing the oil and gas law to the floor of Parliament...this request for such a delay appears to be coming from the GOI, not from Parliament and is centered around differences seen between political blocs that may hinder approval at this time....however the lack of an oil and gas law hinders much of the work needed to be accomplished between Iraq and the foreign oil companies who work on oil production today....it also slows up the process of sharing the wealth from the oil revenues with the Iraqi people...and at the same time the Oil Minister recently spoke about the fact that the lack of an oil and gas law is a big part of the current Iraqi crisis.
3-14-2015 Intel/Newshound Guru Poppy3 ...REPORTED FROM THE GREEN ZONE ON TUESDAY THE PEOPLE THERE ARE THINKING IT [RATE] WILL BE VERY CLOSE TO KUWAIT. I CAN'T SEE HOW IT COULD...BE MUCH LOWER AND FUND ALL THE BUDGET AND PAY ALL THEIR DEBT MUCH LESS REBUILD ANY INFRASTRUCTURE.
3-14-2015 Newshound Guru My Ladies I USUALLY DO NOT LIKE TO GIVE TIME LINES OR POINT OUT SPECIFIC EVENTS BUT I HAVE BEEN WATCHING SOMETHING. LAST WEEK THIS NEWS ARTICLE CAME OUT "The advisory board determines Moaadaloda implementation of private sector strategy mechanisms" ...SO WE KNOW DEFINITIVELY THEY WILL BE ACTIVATING THE PRIVATE SECTOR ON WEDNESDAY...BUT THEN TONIGHT THIS CAME OUT "Saturday .. Conference to activate the partnership between the public and private sectors" AND IT SPEAKS TO TOMORROW [SATURDAY] STARTING THE PROCESS FOR WEDNESDAY. SO NOW SEEING IT TWICE AND KNOWING THE UNITED NATIONS WILL BE THERE WEDNESDAY SPEAKS TO THE DATE NOT GETTING SWITCHED. LET'S SEE HOW THIS PLAYS OUT AND WHAT HAPPENS TOMORROW FOR STARTERS. THE MECHANISM FOR THE PRIVATE SECTOR BEING READY IS SORT OF A BIG DEAL AND THE ACTIVATION OF THE PRIVATE SECTOR ON WEDNESDAY SPEAKS VOLUMES AND TAKES US VERY CLOSE TO A CURTAIN CALL. AFTER THE CONFERENCE TOMORROW WE SHOULD KNOW MORE. OK NOW HERE IS SOMETHING ELSE, THE MECHANISM FOR THE CENTRAL BANK TO BE ABLE TO DETERMINE THE TAX AUTOMATICALLY IS IN PLACE NOW...
3-14-2015 Intel/Newshound Guru Poppy3 Article quote: "the war on Iraq is facing economic terms started with low oil prices..." I DONT BUY FOR ONE MINUTE THAT THE PRICE OF OIL DROPPING HAS INTERRUPTED THE PROCESS OF FINANCIAL REFORM OR ECONOMIC REFORM. THAT IS JUST DECEPTION FOR OTHER REASONS. ECONOMIST AND EVEN ME HAVE SAID FOR 3 YEARS OR MORE THAT WHEN IRAQ OIL WENT BACK TO SELLING AND SHIPPING GLOBALLY THAT THE OIL MARKET WOULD GET FLOODED AND OUR GAS PRICES WOULD FALL. IT IS VERY OBVIOUS THAT HAS HAPPENED AND TO THINK THEY WHERE NOT AWARE OF THIS IS BULL. THEY KNEW LONG AGO HOW MUCH THEIR OIL WOULD EFFECT THE MARKETS. PLUS THE FACT STILL REMAINS THE DINAR RATE BACK WHEN SADDAM WAS PM OIL WAS ONLY $31.00 A BARREL AND THE DINAR RATE WAS $3.00 PLUS FOR YEARS. FOOD FOR THOUGHT. BUT FACTUAL.
3-14-2015 Newshound Guru Kaperoni Article: "Hatim George Hatim *: the role of the exchange rate in determining the general level of prices and the problem of monetary policy in Iraq" Anytime they say..."also warns that the exchange rate is close to exhausting its potential in the course of the general level of prices of control," is a good thing for us. When monetary policies fail, it creates inflation. IMO, this economist is simply telling us that the CBI is running out of time.
3-14-2015 Newshound Guru tlm724 I'll tell ya straight up, no one is stopping it! The CBI gave the green light, Ali Alak told us he needed 6 six [laws?] done to move to a free market economy, most importantly the 2 banks laws, once in place and the electronic link is fully connected then I believe he will move forward...then I think he will be ready to show the real value of the dinar and I don't mean 1166 either. I don't think the CBI is hiding anything from us, they seem to tell us as each step is taken. [See the possible "to do list" in the Dinar Guru Resource bar on the left]
3-13-2015 Intel Guru TNT Tony The economic reform is in its final stages, completed by mid-March – that is what they are saying in Iraq. That message is now on Iraqi television in the United States (via satellite). In Iraq itself, they are saying that the economic reform has been completed. The rates are there. We think there are two time-frames, and everyone is happy and excited. Even though we got the news it might happen tomorrow, everything is laid out, but let’s see what happens tomorrow. We’ve been ready on our side all week. Their rate is $3.91 over there. We are really happy and all our connections all around the world are all excited, so you should be too...I’m looking for something to happy this weekend...
3-13-2015 Newshound Guru Millionday [To the best of your knowledge, at this point in time, what "has" to be done before rate change?] WE CAN FOLLOW WHAT THEY ARE DOING TO ENTER A MARKET ECONOMY AND KNOW THROUGH WORLD ECONOMICS AND FAIR TRADE THAT THEY WILL SET PRICES THAT CARRY A VALUE FOR ALL THEY HAVE AND THEIR CURRENCY -- A MARKET ECONOMY -- I KNOW WE HAVE SEEN HUGE PROGRESS -- NO ONE CAN TELL YOU A DATE BUT CBI HAS STATED THEY ARE READY AND HAVE GOTTEN THE GREEN LIGHT TO MOVE FORWARD.
3-13-2015 Intel/Newshound Guru tman23 Article quote: "Said the Iraqi National Business Council, on Friday, new mechanisms central bank capable of creating a banking market in Iraq has supported economic activity, indicating that the banks will take over the work of the taxes levied in accordance with the pricing and detailed tables furnished by the Customs and Excise." IMO, from what is taking place in different sectors...and the delays with explanations that are not being truthful...We are going to see with in the next 18 days MAX...EXPLODE or IMPLODE (regarding Iraq economy and monetary reform).
3-13-2015 Intel Guru DC [via Adept1] ...in Iraq, for the past three days, folks in different cities have been paid. In two big cities, not Baghdad, they have switched over the rate at the merchants and exchanging in the banks, with many CBI folk monitoring. On television throughout the country, they are saying that the economic reforms are in their final stages to be completed in the next day, and one show said that it is complete. Banks are set up throughout the country tomorrow, when they normally are not open in Iraq. They have been trained and briefed throughout the system, and everyone is very ready. They have announced in the mosques this morning that this is the real deal, and many have heard the same from their relatives. Celebrations are starting in various areas. They are getting $3.91… [You keep referring to the RV – has it changed from an RI back to an RV?] Yes, we should be saying RI. Re-instatement is what they are saying in Iraq. [I heard you say that $3.91 is the re-instatement. How much time will we have to exchange?] Through November 2016, at which time they will retire the three-zero notes. Iraq expects this thing to be pushed out this weekend.
3-13-2015 Intel/Newshound Guru Poppy3 CBI IS READY BUT THEY HAVE TO HAVE THE SUPPORT FROM THE GOI SO THEY CAN OPERATE. EXPECTING IN THE NEXT 10 DAYS OR LESS TO SEE SOME COMPLETION AND MOVEMENT TO THE MARKET RATE ALL OF US ARE WAITING.
3-13-2015 Newshound/Intel Guru My Ladies & Nova THIS IS ALL NORMAL PROCEDURES AND WE ARE GLAD TO SEE THIS ACTION BECAUSE IT SIGNALS THE CBI IS GETTING READY TO BE ON PAR WITH ALL THE OTHER CENTRAL BANKS OF THE WORLD AND ARE FOLLOWING INTERNATIONAL PRACTICES. THINGS ARE ABOUT TO CHANGE AND THEY ARE BEGINNING TO IMPLEMENT THE LAWS THAT ALL CENTRAL BANKS FOLLOW. THE TRAINING WHEELS ARE COMING OFF THE CBI AND THEY WILL BE INDEPENDENT OF THE GOI IN NO TIME. THIS WILL ALL BE OVER SOON. [post 2 of 2]
3-13-2015 Newshound/Intel Gurus My Ladies & Nova ...THERE ARE NO DELIBERATE DELAYS... THE PRIORITY FOR IRAQ RIGHT NOW IS THEIR BATTLE AGAINST ISIS. ABADI HAS UNITED MOST OF THE MIDDLE EAST AND EVERYONE IS WORKING TOGETHER TO RID THE REGION OF ISIS. ...THERE ARE SO MANY IMPORTANT LAWS THAT NEED TO BE DONE BUT PARLIAMENT HAS NOT BEEN DOING A READING ON ANY OF THEM IN THE PAST FEW SESSIONS, MANY OF THESE LAWS REQUIRE FUNDS AND THAT SOMETHING IRAQ IS LACKING IN THESE DAYS. THE CBI CAME OUT YESTERDAY AND SAID THERE ARE MANY BANKING LAWS THAT NEED TO BE REDONE AND THEY WOULD PUT THEM IN PLACE ACCORDING TO INTERNATIONAL BANKING LAWS AND NONE OF THESE LAWS PERTAINING TO BANKING WILL BE READ IN PARLIAMENT AS THEY HAVE NOTHING TO DO WITH THE GOI. [post 1 of 2....stay tuned]
3-13-2015 Intel/Newshound Guru Poppy3 WHEN THEY RAISE THE RATE THEN AND ONLY THEN WILL PEOPLE EXCHANGE THEIR THREE ZERO DINAR AND THAT REMOVES THE 3 ZERO FROM CIRCULATION. REMOVING THE THREE ZEROS DON'T MAKE IT A 25 DOLLAR NOTE. IT JUST MEANS THE THREE ZERO NOTE HAVE BEEN REMOVED FROM CIRCULATION.
3-13-2015 Newshound Guru tlm724 Article: "Abdul-Mahdi: the enemies of Baghdad and Erbil agreement on the rise and should be the age of the oil law" Abdul-Mahdi is the minister of oil, he knows it's time for the HCL. Quote: "that "enemies" of the oil agreement between Baghdad and Erbil on the rise, stressing the need to enact an oil law to overcome the crisis." ...get the law enacted and it will put a stop to most of the BS surrounding it. ...this is a diff source: Quote: "there must be a law establishing the relationship between the province and the central government and the provinces and the central government to get rid of random personal interpretations, and high and low level of demands for each hand." so they need it not only for the Kurds and Baghdad but for all the oil producing provinces so there is no question as to the rules.
3-13-2015 Intel Guru Jester I DO NOT BELIEVE THE US IS HOLDING IT UP RIGHT NOW... BELIEVE IRAQ HAS A FEW THINGS GOING ON. SEEMS AS IF IRAQ IS THE HOLD UP RIGHT NOW... AND MAYBE ON PURPOSE... HARD TO DECIPHER THE NEWS OF WHAT IS REALLY GOING ON...
3-13-2015 Intel/Newshound Guru tman23 Fact...Monday the 16th the 3 Presidents are scheduled to meet...Abadi, Jabouri, and Masoum...It is also being said that the Kurdistan region will begin receiving their full share of the 2015 Budget as voted to law starting April 1st...IMO...I believe from news and what is happening on the streets regarding the economy...that after Saturdays Conference and Mondays Presidential meeting...then Tuesday's CoM meeting... I believe we are about to see the directives to the Ministers on Tuesday that will be to implement the 2015 budget and open the economy.. 3-12-20915 Intel/Newshound Guru Poppy3 LAWS HAVE BEEN SENT TO PARLIAMENT NUMEROUS TIMES AND REJECTED AND SENT BACK FOR AMENDING. ACCORDING TO SOURCES AND INK MANY HAVE BEEN AMENDED AND SENT BACK TO PARLIAMENT WE CAN ONLY PRAY THAT THIS TIME THEY CAN AGREE AND PROCEED TO VOTE THEM INTO LAW. THERE ARE NO GUARANTEE THEY WILL OR WON'T WE MUST JUST WAIT AND WATCH THEIR ACTIONS...ALWAYS WATCH THEIR ACTIONS...
3-12-2015 Newshound Guru OOTW WHEN WE SEE THAT THE DEPOSITOR'S LAW IS IN FORCE, AND WHICH, BTW, COULD BE AMENDED TO /WITHIN ANY/EITHER OF THE BANKING ACTS, AND IT INCLUDES PROTECTING INVESTORS IN EVERY REGARD...WE'RE ON OUR WAY... AND ANYONE WHO KNOWS ME, KNOWS I DO NOT RIDE THE "THIS THING'S ABOUT TO POP ANY MINUTE" TRAIN...
3-12-2015 Intel/Newshound Guru Poppy3 WE ARE WAITING ON THE 16 MAJOR BANKING LAWS THAT WILL PROTECT THE INVESTORS OF MAJOR CORPORATION SO THE 86 OF THEM CAN BE SAFE ON INVESTING. LIKE FORD MOTOR CO WANTS TO BUILD A MANUFACTORY THERE. HCL IS ONLY A PART OF THE ITEMS THAT NEED VOTING INTO LAW. THEY ARE SAID TO HAVE AGREEMENT ON ALL BUT TWO NEW AMENDMENTS AND COMPLETION OF THE HCL AGREEMENTS. All are to be back IN PARLIAMENT THIS WEEK AND PRESENTED EARLY NEXT WEEK FOR READING AND VOTING. ACCORDING TO WASHINGTON THE GOI AND CBI ARE IN THE FINAL PHASES OF FINANCIAL REFORM AND CURRENCY REFORM.
3-12-2015 Intel/Newshound Guru tman23 The 10th, 11th, and today the 12th it is being reported that payments have slowed and some who are at ports to collect $$$ using their cards are being told to check back...equipment is not connecting with data...This is 3 days now...Consider the 3 days that they stopped oil flow to Ceyhan to audit the meters...and consider the rumor of the southern fields that were also being cut...Then consider the vendors in the streets and local businesses that are saying that in another month they will be out of business...The streets are empty as no one has $$$$...These are facts...We can speculate but it does not appear time for delay is on their side.
3-12-2015 Newshound Guru Administrator Bob This Saturday in Iraq will be an intergovernmental conference discussing the executive procedures for the initiative to activate the partnership between the public and private sectors - this is a significant event.
3-12-2015 Newshound Guru Kaperoni We have told people over and over..that this is not an overnight event or RV...Its a gradual appreciation via float and it will take at least 2 years to accomplish the goal of deleting the zeros once they start. ...the sooner they get all these laws, agreements, and decisions done, the sooner investment can start. When investment comes into Iraq, it will cause the dinar to rise.
3-12-2015 Newshound Guru Aggiedad77 Article: "Keywords: cash sales dollar continuously .. no ceilings on the withdrawal of funds" The CBI has been reported to have given the green light on deleting the 000's....as well as creating new mechanisms to be used in trading the USD....claims that stopping the auctions have proven to stop the smuggling of currency out of the country....and that some see a strengthening of the IQD at this time...The governor of the CBI stated that the mechanisms they have currently chosen to follow help to eliminate money laundering and at the same time work towards maintaining a market economy for Iraq.... meanwhile the CBI is working to support the private banking industry by pushing Parliament for guarantees of deposits for the banks....stating that the Bank is working on a new deposit law that will be presented to Parliament in the next few days...he does touch on the 000's project stating that it is not off the table that it is being studied carefully because its implementation will be a serious endeavor for them.
3-12-2015 Intel/Newshound Guru tman23 I was told...The counters were shut down along with oil flow to Kirkut for 3 days to do audit and inventory and final readings...I was also told that April the Kurds will receive the full 17% of the 2015 Budget...I was told that contractors in Kurdistan were promised without delay payments second week of April... I hold back sharing such as I read different media articles that elude to different scenarios...but take note that when I'm told it has usually happened just as said. That is why I say we could see a rate change any day...especially since the streets are drying up form a recession moving in AND inflation beginning to creep up also.
3-12-2015 Newshound Guru Mailman17 THE BANKS WILL HAVE JUST ENOUGH TO DO DAILY TRANSACTIONS BUT ANYTHING BIG WILL BE DONE IN VIRTUAL CURRENCY JUST LIKE HERE. AND THE PEOPLE WILL GET WHAT THEY WERE PROMISED...PURCHASING POWER. ENTER THE Q-CARDS, PAYROLL, RETIREMENT, ETC. ALL DONE ON A CARD. JUST FOOD FOR THOUGHT AS TO HOW THIS MAY HAVE BEEN PLANNED ON GOING DOWN...I MIGHT BE WRONG BUT IT DOES RAISE AN EYEBROW OR 2 AS TO HOW THEY INTEND TO GO FORWARD WITH ALL REFORMS PLANNED...JMO. I MUST REITERATE THAT IRAQ IS AND NEVER WAS WORRIED ABOUT THE DINAR OUTSIDE THEIR COUNTRY. THAT DINAR HAS A PLAN AND ALWAYS WAS TO BE PUT FOR OUTSIDE COUNTRIES RESERVES. HOW THAT EVENTUALLY FILTERS BACK TO IRAQ IS ANY ONES GUESS, BUT A REVALUED DINAR IS A GLOBAL LIFESAVER TO ALL ECONOMIES. AND YES...ME AND YOU AS WELL. BUT WE WERE ALWAYS GUPPIES IN THIS FISH POND FROM THE START. THATS OK THOUGH...WE WILL BE RICH GUPPIES..JMO. [post 3 of 3]
3-12-2015 Newshound Guru Mailman17 THE BANKS TURN IN EVERY DINAR THEY OBTAIN IN EXCHANGE FOR U.S. AT 1166. NOW, THE CBI ASSUMES THEY HAVE THE STREETS CLEAN OF IRAQI CURRENCY. ...LETS ASSUME EVERY INDIVIDUAL BANK NOW HOLDS 50 MILLION US IN EXCHANGE FOR 50 BILLION DINAR (ESTIMATED). NOW THE RATE CHANGE OCCURS AND THE COUNTRY IS NOW OFFICIALLY DE-DOLLARIZED. THE BANKS NOW NEED DINAR IN THEIR VAULTS FOR RESERVE AND DAILY EXPENDITURES. LETS SAY THE RATE IS 3 BUCKS. THE BANKS NOW TURN THE U.S. OVER BACK TO THE CBI FOR...READY...DRUM ROLL...16,666,66 DINAR. NOW WE KNOW THEY WONT GET ALL THAT IN SMALLS...BUT THEY WILL GET SOME...WITH THE REMAINING BEING ON THE BOOKS AS CREDIT. NOW HERE COME THE LOANS FOR BUSINESSES AND INFRASTRUCTURE...ALL DONE WITH NUMBERS ON PAPER AND NOT PHYSICAL CURRENCY... [post 2 of 3....stay tuned]
3-12-2015 Newshound Guru Mailman17 NOT ONLY DO WE NOW HAVE THE PARLIAMENTARY FINANCE SCREAMING FOR THE RATE CHANGE BUT ALSO THE BANKS SCREAMING THEY ARE LOW ON FUNDS. THE IRAQ ECONOMY NEEDS THIS PLAN ACTIVATED ASAP. THE BANKS ARE GETTING AND TURNING IN MOST EVERY DINAR THEY COLLECT OFF THE STREETS AND IN EXCHANGE THEY ARE GIVEN US DOLLARS. THAT DOES NOTHING FOR A BANK TO DO DAILY BUSINESS...THEY NEED THE CURRENCY OF THEIR OWN COUNTRY. THE BANKS ARE TURNING IN THEIR DINAR AT 1166 AND IN EXCHANGE GET 1 US DOLLAR. SO NOW WHAT ARE THE BANKS GONNA DO WITH ALL THAT US DOUGH? HERES SOME FOOD FOR THOUGHT... [post 1 of 3....stay tuned]
3-12-2015 Intel/Newshound Guru tman23 Article quote: "This is a decision taken by the Central Bank of Iraq, which represented by Mr. conservative relationship greatly influenced and the evidence now talking of the means of streets, a one way street in which a beautiful job now become almost empty as a result of the rise of the dollar." The streets are saying the rise of the dollar is KILLING BUSINESS... THE PAYING FOR IMPORTS ARE KILLING THE PRICE IN THE STREETS...THEY NEED PURCHASING POWER NOW...AND THE ONLY WAY IS TO RAISE THE VALUE OF THE DINAR.
3-12-2015 Newshound Guru Millionday [how do we go from...having to get er done...and then today Abadi telling people to be patient. Either they need to get it done or they don't . Asking for patience says we still have a ways to go and no urgency... How many times do you have to say implementation and not implement?] I DO AGREE -- AN INTERNATIONAL RATE WOULD MAKE PEOPLE FEEL MUCH MORE CONFIDENT...HE [ABADI] IS SAYING JUST BECAUSE IT IS NOT TODAY DOES NOT MEAN THAT IT IS NOT COMING -- THERE IS NO DATE GIVEN --I THINK THIS IS GREAT WHAT ABADI IS SAYING AND AM VERY EXCITED OVER IT -- HE IS SAYING THAT THE ECONOMIC REFORM IS COMING. 3-11-2015 Intel/Newshound Guru Poppy3 I WAS TOLD LAST WEEK THERE ARE NOW 86 MAJOR CORPORATIONS FROM AROUND THE WORLD WAITING TO INVEST IN IRAQ. EVEN HEARD FORD MOTOR COMPANY WANTS TO BUILD A MANUFACTURING PLANT THERE. THEY ARE ALL ON HOLD TILL BANKING LAWS ARE IN PLACE TO PROTECT THEIR DOLLAR INVESTMENT. THIS IS THE BIG REASON THEY KEEP TALKING ABOUT DRAWING THE INVESTORS IN TO IRAQ. IT PUTS EVERYTHING IN PERSPECTIVE ABOUT WHY THE PUSH TO GET THINGS IN PLACE. ALSO TIES INTO THEM GETTING THE MAJOR OPERATING LOANS IN PLACE.
3-11-2015 Newshound Guru Kaperoni Article quote: "Alaa al-Tai kicks off next Saturday acts Intergovernmental Conference to discuss the executive procedures for the initiative to activate the partnership between the public and private sectors, in order to proceed with the implementation of the strategy recently launched by the government to support the economic reality in the country." I don't want to get overly excited, but this follow up conference to the one held last month by Abadi is making sure the directives are being implemented. Saleh says..they will launch the recommendations (from the previous conference) which includes executive measures. IMO, knowing how significant the currency is to the market economy this conference could set the stage for the beginning of the float or at least the procedures to get it started. We may be very close.
3-11-2015 Newshound/Intel Guru BGG if they don't do something with the purchasing power - it is likely they will pull back on the tariffs (or need to)...which is a dead give-away as to what was/is intended to be happening right now.
3-11-2015 Intel Guru TNT Tony [via Adept1] The RV could have been done a year ago, two years ago, and everything done up to today could have been done after the RV. It might have been more dangerous, but that was the plan until those in key positions didn’t do what they agreed to do, once they were in power. We report what is happening right now, what we see and what they are trying to get accomplished. ...we have NEVER been in this position. Even though we were within ten minutes of the RV happening, we were never in this place before, with all these parts done. Everything is good, no bad news....they just don’t want everyone to know the exact day and time...we are there, numbers are there...All we’re waiting for is the moment of truth. Everyone in key positions in the US and in Iraq are very excited today, and you should be too.
3-11-2015 Newshound Guru Adam Montana I'll just get to the point immediately - We are, as we have for the past few weeks, on an HCL watch. We had two potential scenarios - A: Parliament slammed it on the books and we blazed right into an RV and we all scrambled. B: They don't do A. Obviously they chose option B. The only way I'd be getting discouraged is if there was backwards or negative progress...and that's not the case. March 9th 2 more points in the HCL passed Parliament. March 10th 5 more were approved. 2 more were slated for today if I'm not mistaken, and also if my information is accurate there is a total of 16 items to get through...They *could* do all 9 (?) by tomorrow, which would be absolutely AMAZING! My gut feeling, however, is that this will drag out to next week... sorry to everyone hoping that Friday was "payday". I'll eat a whole table full of crow pie if I'm wrong, with a huge smile on my face! That's just my opinion, nothing more. So, where are we right now? That's easy - we're sitting on the sidelines, watching our team march towards the goal, steady and sure. That's a pretty good feeling if you ask me!
3-11-2015 Intel Guru DC [via Adept1] Everything is incredibly awesome. Everything is ready to go and we’re waiting on the exact time. The CBI has all technical and legal processes loaded and ready. They are up and running. Laws and regulations are all where they should be. On television they have been saying to get ready for the economic reform, and “currency will have a higher value than ever before.” Everyone is getting excited with lots of wonderful expectations that this will go down in the next day or so.
3-11-2015 Newshound Guru Millionday Article quote: "He denied the Iraqi Central Bank, last week reduced its reserves of hard currency (the dollar), indicating that it covers the Iraqi currency traded at more than one and half times the size, without setting a specific value of the reserve." AS WE SEE ONCE AGAIN IT IS 150% OF THE DINAR VALUE THAT THE RESERVES ARE AT BUT -- THE MOST INTERESTING PART IS THAT THE AMOUNT HAS NOT BEEN RELEASED DUE TO THE EASY CALCULATION THAT WOULD PROVIDE OBVIOUSLY.
3-11-2015 Intel Guru Okie_Oil_Man [via Sambo] ...we are on high alert tonight...praying that this latest news is correct and not another episode go Murphys law.
3-11-2015 Newshound Guru Millionday Article quote: "it has to be from the central bank to take swift action to restore the dinar exchange and save it from degradation rate." THEY ARE SAYING THAT THE POSITION THEY ARE IN RIGHT NOW REQUIRES THAT THE CBI MOVES FORWARD AND WITH A HUGE RUSH TO RESTORE THE DINAR EXCHANGE RATE FOR IRAQ. SO THEY ARE SAYING (PARLIAMENT ECONOMY) THAT THEY ARE READY FOR CBI TO MOVE RIGHT NOW AND PUT IN THE EXCHANGE RATE AS CALCULATED --- PARLIAMENT IS STATING IT IS TIME TO RESTORE THE DINAR EXCHANGE RATE AND IN A HURRY TO SAVE THE IRAQI ECONOMY, MARKET, AND THE PLAN THAT HAS BEEN PUT IN PLACE FOR ALL AGREEMENTS AND ALL TRADE -- THEY HAVE STATED THAT THEY WANT IT TO BE DONE URGENTLY -- SO VERY FAST ACCORDING TO WHAT I HAVE READ.
3-11-2015 Intel Guru Mnt Goat This past week we have read many articles from the CBI and the parliamentary finance committee on the currency reform. I do know they are completing the currency reforms as I write this...I havn’t heard of any delays. I also read in article that Kurdistan has been paid in full for all debt owed by the GOI. It confirms once again HCL is done and implemented. In the news was a statement by the finance committee telling the CBI they are ready to begin the “project to delete the zeros”, they called it the go ahead and gave the “green light”. I totally believe they have begun this process already even much more deeper than the collection of over 90% of the in-country 3 zero notes held by the citizens. We have seen once again this week the buying of yet more gold by the CBI. This is how they are going to get the rate to come out so high (around $3.90+ USD to the IQD in exchange). First the reinstatement followed by a major revaluation just days or a week afterwards. I still believe this is the plan. This reinstatement and later a major revaluation are about to happen. The clock is ticking.
3-11-2015 Newshound Guru Kaperoni Article: "Dr. Salam smeisim *: the financial market and the Iraqi dinar and the economy" Quote: "The stock market ", according to the laws of market economy" requires a set of procedures to do its part, and these actions: 1. move the interest rates banks according to the size of the stocks and other securities on the market, 2. freedom of foreign exchange input and output, 3 and floating exchange rate of the national currency," Floating the dinar is coming. [Guru] Enorrste is so right...the first two are done. The question is going to be at what point do they flip to the new exchange rate regime.
3-10-2015 Intel/Newshound Guru Poppy3 5 YEAR PLAN DOESNT MATTER WE ARE ONLY INTERESTED IN THE RV AND THEY HAVE STATED SEVERAL TIMES THEY WILL FINISH THE REMOVAL OF THE 3 ZERO NOTES IN 24 TO 36 MONTHS AND THIS TIME LINE HAS STARTED. ALL THEY NEED IS THE RATE AND THE 3 ZERO NOTES WILL FLOW IN. REMEMBER THEY HAVE ALREADY COLLECTED MOST WITHIN COUNTRY. NEXT WILL BE OURS AND WHAT IS THROUGHOUT THE WORLD. THEY HAVE JUST THIS WEEK BEEN PREPARING TO TAKE IN INTERNATIONAL DINAR. IT SOUND AWESOME TO ME. [ you really dont think we need to wait 24 - 36 months right?] ABSOLUTELY NOT THAT IS HOW LONG THEY ARE ALLOWING TO CLEAR ALL OF THEM FROM CIRCULATION...THEY NEED TO START WITH THE RATE asap TO GET THEM COMING IN AND INCREASE THEIR CASH FLOW.
3-10-2015 Intel Guru Frank26 "Jurisdiction of Complaint: Defendant “Nouri Kamel Al Maliki” assumed the post of Prime Minister of theCouncil of Ministers and Commander-in-Chief of the Armed Forces of Iraq between the years 2006-thru-2014, and during the period of his governance committed numerous of egregious violations and crimes..." (the charges against Maliki) This spells SECURITY for everyone who has an interest in the middle-east. IMO - This will expedite the monetary reform. The bad guys wanted to steal the money. M [Maliki] and his buddies tried to do it. This puts the Monetary Reform on the fast-track!
3-10-2015 Newshound Guru Millionday THEY ARE WORKING TO MOVE FORWARD TO MEET ALL GOALS THEY HAVE SET AND ARE ACTUALLY SHOWING THE IMPORTANCE OF THESE TIMELINES...THIS WE ARE IMPRESSED BY AND ALSO ENCOURAGED TO SEE SUCH DRIVE IN THIS GOVERNMENT. WE HAVE LITTLE NEWS AND IT ALL HAS SHOWN US THAT THEY ARE WORKING TO REFORM THE COUNTRY -- THIS I AM VERY HAPPY WITH.
3-10-2015 Newshound Guru Enorrste Article: "Dr. Salam smeisim *: the financial market and the Iraqi dinar and the economy" Quote: "The stock market ", according to the laws of market economy" requires a set of procedures to do its part, and these actions: 1. move the interest rates banks according to the size of the stocks and other securities on the market, 2. freedom of foreign exchange input and output, 3 and floating exchange rate of the national currency," What is really nice is that she lists three things, the first two of which have already occurred. This means we are only waiting for the float to be announced. Number two was activated on Sunday, so we are definitely in Allaq's "green light" zone.
3-10-2015 Newshound/Intel Guru Arthur ...although a lot of progress has been made on many fronts, we are still waiting on the same thing: GOI + HCL = RV... Based on what I am getting from Iraq the negotiations have heated up on another level due to an international team there to expedite this final piece to the monetary reform of Iraq. Nothing and I repeat NOTHING moves substantially forward until this is officially completed and the GOI, CBI, and the PTB are aware of this and are working feverishly to get it done. Without going into too much detail, several minor mistakes were made by all concerned...the Region and the Center for their respective expectations and the CBI and GOI for their policies set based on the anticipations thereof that, hindsight now being 20/20 would not have occurred, but the numbers are now being recrunched and the parliament will soon get the final version to sign into permanent law hopefully by the beginning of next week shortly after which the budget to be fully implemented and opened with the agreed upon monetary reality of the new Iraqi economy.
3-10-2015 Newshound Guru Millionday EVERY TIME THE OIL AND GAS LAW (hcl) HAS BEEN SENT TO PARLIAMENT IT HAS BEEN SENT BACK FOR A CHANGE TO BE MADE RIGHT AWAY --- UNTIL NOW---NO NEW STUDY HAS BEEN ANNOUNCED YET FOR THIS TIME. RIGHT NOW IT IS EXPECTED TO BE READ TWICE AND VOTED THROUGH DUE TO THE AGREEMENTS AND TIME SPENT THIS TIME...THIS IS GREAT NEWS...PROGRESS IT APPEARS THAT WE HAVE HOPED TO SEE. [is the bill in parliament now to be read and approved?] YES IT IS ACCORDING TO THE REPORTS I HAVE READ -- IT IS FINALLY THERE AND READY FOR THE STEPS TO LAW -- THE WAY I UNDERSTAND IS THAT THE FINANCIAL PART OF THE LAW IS DONE DUE TO THE BUDGET BEING DONE...THEY DO NOT EXPECT IT TO BE RETURNED AND THEY HAVE ANNOUNCED THAT THEY AGREE ON BOTH SIDES ON ALL ISSUES TO DO WITH HCL...
3-10-2015 Newshound Guru Breitling No body knows why the CBI took the announcement down. (It's back up so it's official) They are retiring the 50 dinar note that's going to help reduce the note count and because no body uses the 50 dinar note. As far as our investment is concerned it's…either they are going to float it from this rate on up [1166] or they are going to revalue it to a higher number and float up from THAT number. How long will it take? No body knows. It's hard to figure out what pace they are going to do it…When they go through the process it's going to take 2 or 3 years…that's the only time from a the CBI has given.
3-10-2015 Newshound Guru sczin11 I HAVE STATED MANY TIMES, THE QUESTIONS AROUND HOW WE WILL KNOW, WHEN THE INCREASE OF THE DINAR VALUE OCCURRED... YOU SEE, THE TRANSFORMATION TO AN OPEN MARKET GLOBAL, INTERNATIONAL ECONOMY, FOR THE BENEFIT OF ALL OF IRAQ, NOT JUST THE ELITE...THE NEW IRAQ, THE NEW GOVERNMENT, THE SOVEREIGN WEALTHY POWERFUL POWER OF THE MIDDLE EAST AND THE WORLD...REQUIRES A TRUE VALUE REALITY RATE! IT IS IN THE MOMENT, IN PROCESS, AND WILL SHOW WHEN THE FINAL PIECES ARE IN PLACE. ...IS THAT A FEW LAWS, IS THAT A UNIFIED GOVERNMENT, IS THAT THE START OF A MONTH, IS IT WHEN CBI IS OPEN OR CLOSED? WE DONT KNOW, NO ONE DOES...JUST KNOW, what WE ARE CERTAIN ABOUT...IRAQ IS OPEN FOR BUSINESS, AND THE IRAQI DINAR, IS THE CURRENCY OF THE NEW IRAQ!!!
3-10-2015 Newshound/Intel Guru BGG [so it looks like we are waiting on HCL?] IMHO - no. We may be waiting - but not on that. Further, while I think it excellent news they are even talking about a comprehensive HCL - I doubt it is the "lynch-pin" for an RV.
3-10-2015 Newshound Guru Chattels Article: "Parliamentary Energy: There is no bill for oil and gas in the House of Representatives" EVEN IF THE OIL AND GAS LEGISLATION / HYDROCARBON LAW IS " IN " PARLIAMENT THIS WEEK AND ASSUMING THAT THE "INTENSIVE DIALOGUE" IS SUCCESSFUL IN ATTAINING A CONSENSUS THEREON, THERE IS NOT ENOUGH TIME IN A WEEK, AND ESPECIALLY A FOUR DAY WORK WEEK AS THIS IS TUESDAY ALREADY, TO ACCOMPLISH TWO READINGS AND ALLOW FOR THE FOUR DAYS ADVANCE SCHEDULING FOR A VOTE.
3-10-2015 Intel Guru Frank26 [via FrostyTheSnowman] Excitement was in the air for last Sunday...but no one was paid on Sunday. They said they were going to start remittance. What happened? The HCL is in the budget...that’s why there was no remittance on Sunday. We knew it was going to take a few weeks for them to show it to you. The CBI knows that without auctions...inflation is growing in Iraq...and the only way to combat that is to RAISE THEIR CURRENCY! GOI has never felt as if they wanted a low rate...but the CBI does. Iraq is ready to show the world the VALUE of their currency! The rate MUST be worthy of what their country holds. They want it to be a TRUE MARKET VALUE...based on their assets. Pay attention to time from now thru 3/17/15...It is coming...just at their own time and speed.
3-10-2015 Intel Guru TerryK dong 1.57...ZIM SAME AND DINAR 3.90 IS OR ARE THE RATES I'M HEARING. I'M HEARING TUE NIGHT TO THURSDAY NOT ANYTHING PAST THAT BUT THEN WE WILL HEAR SOMETHING ELSE IM SURE ... WAY IT'S BEEN GOING ALL THESE YEARS BUT MUCH FASTER THE PAST FEW MONTHS. I KNOW WE ARE THERE.
3-10-2015 Intel/Newshound Guru Poppy3 WAS TOLD TODAY [MONDAY] FROM BAGDAD THAT AGREEMENT ON TWO OF THE AMENDMENTS TO THE HCL WAS REACHED AND THEY EXPECT IT WILL BE BACK AT PARLIAMENT IN THE NEXT COUPLE DAYS. ...THERE ARE ZERO GUARANTEE THAT THEY WILL PASS IT THIS TIME LIKE THE LAST 6 TIMES THEY HAVE HAD IT. ALL WE CAN BE SURE OF IS THEY ARE TRYING TO REACH SOLID AGREEMENTS.
3-10-2015 Newshound Guru Aggiedad77 ...a couple of article(s)...speak to an auction that the CBI held today [Monday] ...this auction is nothing like the daily auctions they stopped on 2/20/15...they are not starting up again...this auction has been a periodic thing for them for a number of years, more like bond auctions...good for typically 91 days to maturity I believe...no need for excitement here.
3-10-2015 Newshound Guru Millionday MARCH 8TH IS THE DATE OF THE BEGINNING OF THE REMITTANCE SYSTEM -- A REMITTANCE SYSTEM IS THE SYSTEM THAT ALLOWS A COUNTRY TO SEND AND RECEIVE FUNDS FROM ALL OTHER COUNTRIES -- THAT WOULD BE THROUGH INTERNATIONAL BANKS AND ALSO MONEY TRANSFER COMPANIES IN AND OUT OF THE COUNTRY -- ALL THROUGH WIRE. [how can they do that without a real rate?] THAT WOULD BE WHY EVERYONE IS VERY EXCITED -- THIS WOULD REQUIRE INTERNATIONAL COMPLIANCE -- AND THIS LEADS US ALL TO BELIEVE IT ALSO SHOULD LOGICALLY REQUIRE INTERNATIONALLY RECOGNIZED CURRENCY -- SO WE ARE HOPEFUL THAT IT DOES. [did they begin the remittance...?] THEY HAVE REPORTED THAT THEY HAVE BEGUN THE SYSTEM. [I guess the rate has not changed?] IT DOES NOT APPEAR THAT ANY RATES HAVE BEEN CHANGED AT THIS TIME.
3-10-2015 Newshound Guru Kaperoni Article quote: "preparations for this process began, but will not end, and it will take some years to come long"..."the fact that the process will raise the exchange of currency and improve its value in the domestic and global market" [It still looks like we are a way off the RV.] there is no overnight RV. the float or unpegging of the dinar to the dollar will allow the dinar to rise gradually over time as investment flows into Iraq. As stated already by the CBI they expect this process to take at least 2 years or more to complete. This is not an overnight event. 3-9-2015 Newshound Guru sczin11 ...IRAQ CAN SURVIVE, HAVE SURVIVED, AND CAN CONTINUE TO SURVIVE, USING THE US DOLLAR, KEEPING THE POOR , POOR...AND THE WEALTHY, RICH...SURE THEY CAN...THE NEW IRAQ, IS NOT LOOKING FOR ANY OF THE ABOVE, TO BE THE WAY OF THEIR COUNTRY...BECAUSE THE NEW IRAQ, WANTS A SOVEREIGN DEMOCRACY, USING THE DINAR, THE NEW IRAQI DINAR, AS THEIR SOLE CURRENCY... BECAUSE THEY WANT COMPLETE CONTROL OF THEIR FUTURE...BECAUSE THEY HAVE PRIDE, POWER, AND THE GOODS TO WALK THE WALK, AND TALK THE TALK, THEY ARE READY TO PUT THEIR MONEY WHERE THEIR MOUTHS HAVE BEEN, AND SHOW THE WORLD, THEY ARE A FORCE TO BE RECKONED WITH...AND AS GOVERNOR TURKI STATED, ON MAY 2, 2014... THEY CAN SUPPORT THE VALUE OF THE DINAR, TO THE ROOF!!!
3-9-2015 Newshound Guru Millionday THE HCL WILL BE IN PARLIAMENT THIS WEEK TO BE PASSED AND FINISHED. I THINK IT IS GREAT -- HCL TO BE LAW THIS WEEK OR AT LEAST PLANNED TO BE AND ONLY TWO ISSUES LEFT... IT APPEARS THE CHANGES WERE TO DO WITH IMPORTS -- EXCELLENT. SO THE ISSUES OF CONTENTION WILL CONTINUE TO BE DISCUSSED TOMORROW -- AND ARE VERY SMALL AS FAR AS THAT GOES... AND ARE ON THE BRINK OF COMPLETION -- WHOOOOPOW...THE HCL IS IN BETTER SHAPE NOW THEN EVER...GREAT NEWS. THEY HAVE ANNOUNCED FROM CBI THAT THEY HAVE THE GREEN LIGHT SO NOW WE ARE WATCHING THE STEPS AS THEY TAKE THEM.
3-9-2015 Intel Guru MarkZ There is a tremendous amount of intel pointing to a big announcement tomorrow. The banking side seems to think we are there. I honestly am not sure, I am getting mixed information from the Iraqi side right now that is pointing to “not quite yet”. On the banking side I am repeatedly being told there will be a wait of up to ten days between the announcement and anyone having any money. Treat it as rumor, remember NO ONE will know the exact process until it happens.
3-9-2015 Intel Guru TNT Tony Cards were updated on Saturday, successfully. They updated their international wire system, and that works; we know someone who has received funds that way. We contacted four of the major banks, and they all got the same rates, and the same instructions for the time to be ready to go. The laws have all been passed, the system has been checked and double-checked, the people have it on their cards and it has been announced that the rates will change. A few tests have been run through with a few big companies. We are the last to go, and it’s our turn. We’re in a good place, all systems are Go... We did expect it over the weekend, and there was a delay. The banks have been given another date and time. It’s not March 15th, nor 2016! The rate is there, it’s live, and it’s on hold. Everyone had the green light, and it went international on Sunday. All that remains is for this to be announced. There is no US delay. The information cannot get much better...I don’t see any negatives apart from the fact that I’m not at the bank this minute, but I know I’m on my way.
3-9-2015 Intel Guru DC On Friday we said in 3-4 days we should be ready to go, and that is still the case. It’s 3-4 days from Friday and we are sitting on the Go. Various laws and procedures were passed or refined in Iraq so that they can send payments all over at the new rates. On Wednesday and Thursday, all the central banks in the world were pinged with the correct numbers, and those were correctly received throughout the world. The IMF and CBI sent out the numbers, and those tests all went very well. The rest of the world is ready. We had more confirmations that everything has been tested throughout their system. Everyone and everything is ready to go. Everything looks wonderful. The Go signal is expected from Dr Abadi and Dr Shabibi – they are being cautious and making sure everything is ready and prepped to go...we understand everyone is prepared throughout the world.
3-9-2015 Newshound Guru Aggiedad77 Article: "Parliamentary oil: the draft oil law is still with the government" ...the HCL is still sitting in the laps of the COM...has not been made law...not yet anyway...Parliament still has to read it twice and do a vote...but it is coming baby.
3-9-2015 Intel Guru EXOGEN [MARKET ACTION looks excellent for the BREAKTHROUGH TONIGHT.] THE BOTTOM LINE IS NOBODY KNOWS THE DATE AND THE RATE...ALL WE CAN STUDY IS WHAT ARE THE NEXT ITEMS ON THE CHECK LIST THAT ARE REQUIRED TO GET US TO THE FINISH LINE...AND RIGHT NOW THERE IS NO FULLY IMPLEMENTED, ACTIVATED AND EXECUTED HCL, THE MONETARY REFORM IS NOT COMPLETED, AND THERE IS STILL AN ISIS PROBLEM. [What happened to $3.90 live on all the screens, just waiting on transaction codes?] UNTIL NUMBERS ON SCREENS SHOW LIVE WITH ACTIVATION OF BUY/SELL WE HAVE NADA.
3-9-2015 Newshound Guru Millionday Article quote: "...it is true that the completion of this project the improvement of payments and to facilitate the circulation of currency, the fact that the process will raise the currency exchange and improve value in the domestic and global market..." IT SAYS HERE THAT IT IS TRUE THAT THE COMPLETION OF SWITCHING THE CURRENCY AND THE REMOVAL OF THE THREE ZEROS WILL RAISE THE CURRENCY EXCHANGE AND IMPROVE THE VALUE IN THE DOMESTIC AND GLOBAL MARKET --- WHOOOPOW.
3-9-2015 Intel Guru Jester [is it understood that Dinar and Dong will go at the same time?] NO THE DONG WILL GO AFTER... [When the dinar goes, will the dong go within hours, days, or we don't really know when?] HAVE NO WAY OF KNOWING... [...had any news from the sandbox today?] NOTHING CHANGED THERE... THAT IS THE NEWS I HAVE GOT SO FAR TODAY...NOTHING HAS MUCH CHANGED... I AM STILL CAUTIOUSLY OPTIMISTIC...I THINK WE ARE TRACKING A FEW DAY WINDOW...
3-9-2015 Intel Guru EXOGEN FOR IRAQ TO DO GLOBAL AND INTERNATIONAL BUSINESS THEY NEED A GLOBALLY INTERNATIONALLY TRADEABLE CURRENCY. There was progress on Sunday... Article: "Banks proceed with the implementation of remittances to their customers Sunday" Yes we are hearing good news as well but does that mean RI/RV this week. No it does NOT. There is NO Activated & 100% Fully Implemented HCL in place as of TODAY at 8:00 am EST. This is the REALITY!
3-9-2015 Intel Guru TerryK CBI STARTED A NEW SYSTEM TODAY, AND NOW EVERY BANK IS CONNECTED TO THE CBI AND THE WORLD. THIS IS THE FIRST TIME THAT ALL BANKS IN IRAQ HAVE BEEN CONNECTED ELECT. TO THE CBI. I...AM BEING TOLD BY A WHITE HOUSE SOURCE AND WE HAVE HEARD THIS BEFORE THAT IRAQ IS A LOT FURTHER ALONG THAN THEY ARE POSTING IN ARTICLES. JUST GOT OFF ANOTHER CALL...THIS SOURCE BACKED UP EVERYTHING I SAID TONIGHT AND THINKS WE MAY SEE THIS TOMORROW [MONDAY]. IM THINKING WE GOT TO BE DANG CLOSE.
3-9-2015 Newshound Guru Millionday Article quote: "...A unified account of all state institutions in order to accrue interest over the central bank, stressing the need to expand the adoption of electronic payment for its importance in controlling liquidity movement." SO AS WE SEE HERE -- ELECTRONIC BANKING WILL BE USED/NEEDED...THIS MY FRIENDS IS THE BEGINNING OF THE ECONOMIC PLAN THAT WE HAVE BEEN WAITING FOR --- HUGE CLUE TO SAY THE LEAST. THE HUGE REFORMS WE HAVE BEEN WAITING ON ARE NOW EASY TO SEE AND READY TO GO --- I AM VERY EXCITED --- WHOOOPOW. 3-8-2015 Intel Guru Frank26 ALL TEAMS reported today ... ZERO INTEL. GOICBI are in one room being protected. They do New Math. No one knows the Date nor Rate but we do KNOW ... No MR advancement this week. As for what is happening on this SUNDAY ... We share tomorrow on MONDAY. The MR is Good but NOT as advanced as we wish at the moment.
3-8-2015 Newshound/Intel Guru Tlar The physical currency will not be lopped. Anyone holding physical currency will get the advantage of a new exchange rate. in otherwords a dinar will always be a dinar...Only the physical currency being in the hands of the people will see an increase in value, just as it will over here...That's why the CBI has been pulling in the currency as fast as it could. The currency too will be adjusted but it's value will be inhanced because of whatever the new rate is. A dinar will be whatever the exchange rate is up or down. A dinar is and will always be their currency. So if it comes out at one to one, a 10,000 dinar note will have a new equivalent value of 10,000 US dollars.
3-8-2015 Newshound Guru My Ladies [GURU] NOVA AND I...HAVE SEEN NO EVIDENCE OF THE CENTRAL BANK PAYING OTHER CENTRAL BANKS. WE ALSO HAVE SEEN NO EVIDENCE OF THE ZEROS BEING DROPPED AND THAT WOULD TRIGGER AN ENTIRE MOVEMENT THAT WOULD NOT BE ABLE TO CONCEAL. ADDITIONALLY THE CENTRAL BANK AND ALL CENTRAL BANKS ARE TIED IN TOGETHER ON THE SAME SYSTEM AND IF THE DINAR HAD VOLUME IT WOULD BE SEEN ON THE CENTRALS SITE. THE CBI SETS THE RATE AND WOULD HAVE AN INTERACTIVE SCROLLING OF THE MARKETS IF IT WAS GIVEN INTERNATIONAL STATUS. THIS IS NOT IN OUR OPINION THIS IS FACT. WE STILL FEEL WE ARE RIGHT ON TRACK AND WE WILL SEE THE MONETARY REFORM VERY VERY SOON.
3-8-2015 Intel/Newshound Guru tman23 Yesterday Mahdi announced that Saturday was the BEGINNING (THE START)....of decentralization...Think of it as hanging a banner...GRAND OPENING!
3-8-2015 Newshound Guru Kaperoni (Press release) "A source in the Iraqi Central Bank that banks will start to implement transfers to its customers starting from Sunday , 2015/3/8" ...the CBI posted confirmation...
3-8-2015 Intel/Newshound Guru Backdoc JUST AS STATED THE CBI DID WHAT THEY SAID THEY WOULD DO BY DROPPING THE ZEROS AND BRINGING VALUE TO THE DINAR! JUST LIKE I TOLD YOU, AT FIRST THIS METAMORPHOSIS WOULD NOT BE FOR YOUR EYES! JUST LIKE THAT BUTTERFLY WHEN HE COMES OUT OF HIS CACOON, HE NEEDS TO BLEND IN WITH HIS SURROUNDINGS, HIDDEN FROM VIEW UNTIL HIS WINGS ARE DRY! IN THE NEXT FEW DAYS, GOD ONLY KNOWS WHEN HE WILL BE RELEASED INTO THE SUNSHINE FOR ALL TO SEE. FOR OZ TO MAKE THIS NEW REALITY BEGIN HE HAS TO LET IT GO INTERNATIONALLY! IN A FEW DAYS WE WILL SEE JUST THAT! RIGHT NOW OZ NEEDS TO TAKE CARE OF PAYING OFF SOME BILLS IN HOUSE BEFORE THAT HAPPENS! [post 2 of 2]
3-8-2015 Intel/Newshound Guru Backdoc ...TODAY HAPPENED JUST AS TEAM ABADI PROMISED IT WOULD. THE CBI BEGAN TO MAKE PAYMENTS AS PLANNED TO OTHER CENTRAL BANKS. REALIZE, THIS CONFIRMS THAT THE ZEROS ARE DROPPED AS STATED THEY WOULD BE! THIS IS OUR CONFIRMATION! THIS IS WHAT WE WAITED TO SEE! SINCE SEPT. 8TH AT 8:00 TEAM ABADI PARTNERED WITH THE INDEPENDENT CBI/OZ AND COMPLETED A MOMENTOUS TASK! THATS RIGHT MONETARY REFORM FOR THE IRAQI DINAR! TODAY HISTORY WAS TRULY MADE ON THIS 8TH DAY OF MARCH! (Oz=IMF, WORLD BANK, U.S.TREASURY, AND CBI) [post 1 of 2....stay tuned]
3-8-2015 Intel Guru DC [via Already Blessed] EVERYONE IS READY...WE ARE ALL JUST WAITING!
3-8-2015 Newshound Guru wmawhite There has been a lot of talk recently from the CBI, members of Parliament as well as the Prime Minister about Iraq returning the greatness/strength... With this in mind, I see them using their currency as a statement of power and 1 to 1 just doesn't get it. ...for those that can not understand the logic of the CBI coming out with a true/realty rate that truly reflect the value of their currency and it being more than 1 to 1...then what is their true value? Is it 1166 or is it 1000 IQD = 1 USD...of course not! Is it 1 to 1...of course not! Then what is it? They are the ones telling us "powerful...great" So what is it? ...the CBI, GOI, Parliament and other folks within Iraq are giving us their opinion/intentions of what their currency is valued at. [post 2 of 2]
3-8-2015 Newshound Guru wmawhite IMO...within one act, the CBI tells the banks of Iraq that they have permission to make foreign payments...remittances. The process of sending IQD out of country in order to remit...paying a debt is what changes tomorrow [Sunday]. Let that sink in...up until tomorrow [Sunday] the banks within Iraq that the CBI controls were not permitted to do so. [They said they gave the green light.] Yes they did...The CBI has told the banks to start paying the foreign remittances/debts/bills...show me the money! ...they certainly do not what to start sending 1166 IQD out of the country for every 1 USD of debt. If the CBI wanted 1166 to be an international rate it could do that...however, paying 1166 IQD for every 1 USD of debt...Iraq would be broke in hours because there is not enough IQD to paying at that rate. [post 1 of 2....stay tuned]
3-8-2015 Newshound Guru Shredd Article: "Finance Committee in connection with legislation guarantee deposits in the banking law" This legislation is huge, especially at this time with the project to delete the zeros starting.
Protection of bank balances while transitioning from the dollar to the dinar and building confidence in electronic banking can only be possible if account balances will be protected. It's no coincidence that investment boomed in the US after balances had protection.
3-8-2015 Newshound Guru Millionday WHERE WE ARE NOW IS VERY INTERESTING -- THEY HAVE STATED FROM CBI THAT ON THE 8TH OF MARCH THEY WILL BEGIN THE REMITTANCE SYSTEM AND THAT IS TOMORROW [SUNDAY] AND SO IT MAY BE A GREAT DAY TOMORROW [SUNDAY]... 3-7-2015 Intel/Newshound Guru Poppy3 THIS REMITTANCE IS ALSO SAID TO ACTIVATE THE Q1 CARDS USABLE OUT OF THE COUNTRY AND GLOBAL. THIS WOULD DEFINITELY CALL FOR A RATE AND THAT RATE BEING INTERNATIONAL. CAUTION IS THAT THEY HAVE SAID THIS WAS HAPPENING ON SEVERAL OCCASIONS AND WE KNOW IT JUST DOESNT GET COMPLETED...DIFFERENCE THIS TIME IS THAT EVERYTHING ABADI HAS [SAID]...HAS HAPPENED...DURING HIS PM SHIP...MAKING TOMORROW VERY PROMISING TO ME. TIME AND ACTIONS WILL TELL US TOMORROW. ABADI told the world in ink that their currency will be stronger than at any other time in their history as well. This is in ink. NOT ONE OFFICIAL WORD FROM CBI HA EVER SUGGESTED A LOW RATE NOT ONE. I THINK I WILL SIDE WITH THE NEW PRIME MINISTER...
3-7-2015 Intel/Newshound Guru Tlar IMO the program that started out in 2007 known as "delete the zeros" was terminated on or around Sept/Oct of 2012 by Shabibi. He changed it to "just bring the currency out at 1166" (FLOAT), and then program was changed back again under Turki to the originaql plan of "deleting the zeros" which is where I believe we are today. Some folks got stuck in the middle where Shabibi was going to just float the currency, but most followed the articles and moved on with the change back to deleting the zeros.
3-7-2015 Intel Guru Frank26 We are surprised. Stunned. The AMOUNT... VOLUME of INFO coming from both The GOICBI at once. This is rare. Especially for a Saturday. Causing interest for Sunday...Tomorrow...articles are packed with foundational LAWS!!!
3-7-2015 Newshound Guru Enorrste I have never...espoused the idea that there would be an RV to $1 and a float thereafter. The RV is simply not possible. If they tried to say, "Our dinar is now worth $1", then, overnight, their money supply would be worth $40 trillion, or about 15 times the money supply of the world. That is why an RV won't work. Put another way, that is why a start rate of $1 per dinar won't work, either. As we have said before, once the exchange rate regime is changed to a freely floating currency, the OFFICIAL rate and the STREET rate become the same thing. The 2% rule is thereby satisfied immediately. 90 days later, in theory, Iraq could move to Article VIII.
3-14-2015 Newshound Guru sczin11 Article quotes: "Parliamentary Finance Committee announced on Friday, near the starting point for ministries and local government allocations in the current year budget and grades and in the form of payments" "It added that the "functional assignments and grades will be launched in a few days and be in the form of payments due." THIS IS SAYING THE CBI WILL BE FUNDING THE BUDGET...THE WAY THIS ARTICLE IS WRITTEN, DESCRIBING THE STEPS, BUDGET APPROVED, RATIFIED BY PRES, WRITTEN IN GAZETTE, AND NEXT STEP IS FINANCE COMMITTEE ENFORCING, IMPLEMENTING THE LAW, AND CBI NEEDED TO PROVIDE THEM WITH THE TOOLS...THE KEY TO THE CAR...IF TRUE, THIS WOULD BE NICE... SUGGESTING THAT THE CBI WILL BE FUNDING BUDGET IN A FEW DAYS...
3-14-2015 Intel Guru Delta WE HAVE A CONFIRMATION THROUGH ONE OF IRAQI BROKERAGE... THAT CBI HAS SUSPENDED ALL OUTGOING WIRES THROUGH IRAQI BANK SINCE LAST WEEK!!!
3-14-2015 Intel/Newshound Guru Poppy3 Reference Guru tman23 post 3-13-2015: "Fact…Monday the 16th the 3 Presidents are scheduled to meet…Abadi, Jabouri, and Masoum…It is also being said that the Kurdistan region will begin receiving their full share of the 2015 Budget as voted to law starting April 1st…IMO…I believe from news and what is happening on the streets regarding the economy…that after Saturdays Conference and Mondays Presidential meeting…then Tuesday’s CoM meeting… I believe we are about to see the directives to the Ministers on Tuesday that will be to implement the 2015 budget and open the economy." I AM HEARING SAME INFO FROM TOTALLY DIFFERENT SOURCE...IF ALL GOES AS PLANNED TIME AND ACTION WILL TELL.
3-14-2015 Newshound Guru Aggiedad77 Article: "Member of the parliamentary energy: government asked to wait a law of oil and gas to the presence of talks around" A member of the Parliamentary Committee on Energy is asking Parliament to wait in bringing the oil and gas law to the floor of Parliament...this request for such a delay appears to be coming from the GOI, not from Parliament and is centered around differences seen between political blocs that may hinder approval at this time....however the lack of an oil and gas law hinders much of the work needed to be accomplished between Iraq and the foreign oil companies who work on oil production today....it also slows up the process of sharing the wealth from the oil revenues with the Iraqi people...and at the same time the Oil Minister recently spoke about the fact that the lack of an oil and gas law is a big part of the current Iraqi crisis.
3-14-2015 Intel/Newshound Guru Poppy3 ...REPORTED FROM THE GREEN ZONE ON TUESDAY THE PEOPLE THERE ARE THINKING IT [RATE] WILL BE VERY CLOSE TO KUWAIT. I CAN'T SEE HOW IT COULD...BE MUCH LOWER AND FUND ALL THE BUDGET AND PAY ALL THEIR DEBT MUCH LESS REBUILD ANY INFRASTRUCTURE.
3-14-2015 Newshound Guru My Ladies I USUALLY DO NOT LIKE TO GIVE TIME LINES OR POINT OUT SPECIFIC EVENTS BUT I HAVE BEEN WATCHING SOMETHING. LAST WEEK THIS NEWS ARTICLE CAME OUT "The advisory board determines Moaadaloda implementation of private sector strategy mechanisms" ...SO WE KNOW DEFINITIVELY THEY WILL BE ACTIVATING THE PRIVATE SECTOR ON WEDNESDAY...BUT THEN TONIGHT THIS CAME OUT "Saturday .. Conference to activate the partnership between the public and private sectors" AND IT SPEAKS TO TOMORROW [SATURDAY] STARTING THE PROCESS FOR WEDNESDAY. SO NOW SEEING IT TWICE AND KNOWING THE UNITED NATIONS WILL BE THERE WEDNESDAY SPEAKS TO THE DATE NOT GETTING SWITCHED. LET'S SEE HOW THIS PLAYS OUT AND WHAT HAPPENS TOMORROW FOR STARTERS. THE MECHANISM FOR THE PRIVATE SECTOR BEING READY IS SORT OF A BIG DEAL AND THE ACTIVATION OF THE PRIVATE SECTOR ON WEDNESDAY SPEAKS VOLUMES AND TAKES US VERY CLOSE TO A CURTAIN CALL. AFTER THE CONFERENCE TOMORROW WE SHOULD KNOW MORE. OK NOW HERE IS SOMETHING ELSE, THE MECHANISM FOR THE CENTRAL BANK TO BE ABLE TO DETERMINE THE TAX AUTOMATICALLY IS IN PLACE NOW...
3-14-2015 Intel/Newshound Guru Poppy3 Article quote: "the war on Iraq is facing economic terms started with low oil prices..." I DONT BUY FOR ONE MINUTE THAT THE PRICE OF OIL DROPPING HAS INTERRUPTED THE PROCESS OF FINANCIAL REFORM OR ECONOMIC REFORM. THAT IS JUST DECEPTION FOR OTHER REASONS. ECONOMIST AND EVEN ME HAVE SAID FOR 3 YEARS OR MORE THAT WHEN IRAQ OIL WENT BACK TO SELLING AND SHIPPING GLOBALLY THAT THE OIL MARKET WOULD GET FLOODED AND OUR GAS PRICES WOULD FALL. IT IS VERY OBVIOUS THAT HAS HAPPENED AND TO THINK THEY WHERE NOT AWARE OF THIS IS BULL. THEY KNEW LONG AGO HOW MUCH THEIR OIL WOULD EFFECT THE MARKETS. PLUS THE FACT STILL REMAINS THE DINAR RATE BACK WHEN SADDAM WAS PM OIL WAS ONLY $31.00 A BARREL AND THE DINAR RATE WAS $3.00 PLUS FOR YEARS. FOOD FOR THOUGHT. BUT FACTUAL.
3-14-2015 Newshound Guru Kaperoni Article: "Hatim George Hatim *: the role of the exchange rate in determining the general level of prices and the problem of monetary policy in Iraq" Anytime they say..."also warns that the exchange rate is close to exhausting its potential in the course of the general level of prices of control," is a good thing for us. When monetary policies fail, it creates inflation. IMO, this economist is simply telling us that the CBI is running out of time.
3-14-2015 Newshound Guru tlm724 I'll tell ya straight up, no one is stopping it! The CBI gave the green light, Ali Alak told us he needed 6 six [laws?] done to move to a free market economy, most importantly the 2 banks laws, once in place and the electronic link is fully connected then I believe he will move forward...then I think he will be ready to show the real value of the dinar and I don't mean 1166 either. I don't think the CBI is hiding anything from us, they seem to tell us as each step is taken. [See the possible "to do list" in the Dinar Guru Resource bar on the left]
3-13-2015 Intel Guru TNT Tony The economic reform is in its final stages, completed by mid-March – that is what they are saying in Iraq. That message is now on Iraqi television in the United States (via satellite). In Iraq itself, they are saying that the economic reform has been completed. The rates are there. We think there are two time-frames, and everyone is happy and excited. Even though we got the news it might happen tomorrow, everything is laid out, but let’s see what happens tomorrow. We’ve been ready on our side all week. Their rate is $3.91 over there. We are really happy and all our connections all around the world are all excited, so you should be too...I’m looking for something to happy this weekend...
3-13-2015 Newshound Guru Millionday [To the best of your knowledge, at this point in time, what "has" to be done before rate change?] WE CAN FOLLOW WHAT THEY ARE DOING TO ENTER A MARKET ECONOMY AND KNOW THROUGH WORLD ECONOMICS AND FAIR TRADE THAT THEY WILL SET PRICES THAT CARRY A VALUE FOR ALL THEY HAVE AND THEIR CURRENCY -- A MARKET ECONOMY -- I KNOW WE HAVE SEEN HUGE PROGRESS -- NO ONE CAN TELL YOU A DATE BUT CBI HAS STATED THEY ARE READY AND HAVE GOTTEN THE GREEN LIGHT TO MOVE FORWARD.
3-13-2015 Intel/Newshound Guru tman23 Article quote: "Said the Iraqi National Business Council, on Friday, new mechanisms central bank capable of creating a banking market in Iraq has supported economic activity, indicating that the banks will take over the work of the taxes levied in accordance with the pricing and detailed tables furnished by the Customs and Excise." IMO, from what is taking place in different sectors...and the delays with explanations that are not being truthful...We are going to see with in the next 18 days MAX...EXPLODE or IMPLODE (regarding Iraq economy and monetary reform).
3-13-2015 Intel Guru DC [via Adept1] ...in Iraq, for the past three days, folks in different cities have been paid. In two big cities, not Baghdad, they have switched over the rate at the merchants and exchanging in the banks, with many CBI folk monitoring. On television throughout the country, they are saying that the economic reforms are in their final stages to be completed in the next day, and one show said that it is complete. Banks are set up throughout the country tomorrow, when they normally are not open in Iraq. They have been trained and briefed throughout the system, and everyone is very ready. They have announced in the mosques this morning that this is the real deal, and many have heard the same from their relatives. Celebrations are starting in various areas. They are getting $3.91… [You keep referring to the RV – has it changed from an RI back to an RV?] Yes, we should be saying RI. Re-instatement is what they are saying in Iraq. [I heard you say that $3.91 is the re-instatement. How much time will we have to exchange?] Through November 2016, at which time they will retire the three-zero notes. Iraq expects this thing to be pushed out this weekend.
3-13-2015 Intel/Newshound Guru Poppy3 CBI IS READY BUT THEY HAVE TO HAVE THE SUPPORT FROM THE GOI SO THEY CAN OPERATE. EXPECTING IN THE NEXT 10 DAYS OR LESS TO SEE SOME COMPLETION AND MOVEMENT TO THE MARKET RATE ALL OF US ARE WAITING.
3-13-2015 Newshound/Intel Guru My Ladies & Nova THIS IS ALL NORMAL PROCEDURES AND WE ARE GLAD TO SEE THIS ACTION BECAUSE IT SIGNALS THE CBI IS GETTING READY TO BE ON PAR WITH ALL THE OTHER CENTRAL BANKS OF THE WORLD AND ARE FOLLOWING INTERNATIONAL PRACTICES. THINGS ARE ABOUT TO CHANGE AND THEY ARE BEGINNING TO IMPLEMENT THE LAWS THAT ALL CENTRAL BANKS FOLLOW. THE TRAINING WHEELS ARE COMING OFF THE CBI AND THEY WILL BE INDEPENDENT OF THE GOI IN NO TIME. THIS WILL ALL BE OVER SOON. [post 2 of 2]
3-13-2015 Newshound/Intel Gurus My Ladies & Nova ...THERE ARE NO DELIBERATE DELAYS... THE PRIORITY FOR IRAQ RIGHT NOW IS THEIR BATTLE AGAINST ISIS. ABADI HAS UNITED MOST OF THE MIDDLE EAST AND EVERYONE IS WORKING TOGETHER TO RID THE REGION OF ISIS. ...THERE ARE SO MANY IMPORTANT LAWS THAT NEED TO BE DONE BUT PARLIAMENT HAS NOT BEEN DOING A READING ON ANY OF THEM IN THE PAST FEW SESSIONS, MANY OF THESE LAWS REQUIRE FUNDS AND THAT SOMETHING IRAQ IS LACKING IN THESE DAYS. THE CBI CAME OUT YESTERDAY AND SAID THERE ARE MANY BANKING LAWS THAT NEED TO BE REDONE AND THEY WOULD PUT THEM IN PLACE ACCORDING TO INTERNATIONAL BANKING LAWS AND NONE OF THESE LAWS PERTAINING TO BANKING WILL BE READ IN PARLIAMENT AS THEY HAVE NOTHING TO DO WITH THE GOI. [post 1 of 2....stay tuned]
3-13-2015 Intel/Newshound Guru Poppy3 WHEN THEY RAISE THE RATE THEN AND ONLY THEN WILL PEOPLE EXCHANGE THEIR THREE ZERO DINAR AND THAT REMOVES THE 3 ZERO FROM CIRCULATION. REMOVING THE THREE ZEROS DON'T MAKE IT A 25 DOLLAR NOTE. IT JUST MEANS THE THREE ZERO NOTE HAVE BEEN REMOVED FROM CIRCULATION.
3-13-2015 Newshound Guru tlm724 Article: "Abdul-Mahdi: the enemies of Baghdad and Erbil agreement on the rise and should be the age of the oil law" Abdul-Mahdi is the minister of oil, he knows it's time for the HCL. Quote: "that "enemies" of the oil agreement between Baghdad and Erbil on the rise, stressing the need to enact an oil law to overcome the crisis." ...get the law enacted and it will put a stop to most of the BS surrounding it. ...this is a diff source: Quote: "there must be a law establishing the relationship between the province and the central government and the provinces and the central government to get rid of random personal interpretations, and high and low level of demands for each hand." so they need it not only for the Kurds and Baghdad but for all the oil producing provinces so there is no question as to the rules.
3-13-2015 Intel Guru Jester I DO NOT BELIEVE THE US IS HOLDING IT UP RIGHT NOW... BELIEVE IRAQ HAS A FEW THINGS GOING ON. SEEMS AS IF IRAQ IS THE HOLD UP RIGHT NOW... AND MAYBE ON PURPOSE... HARD TO DECIPHER THE NEWS OF WHAT IS REALLY GOING ON...
3-13-2015 Intel/Newshound Guru tman23 Fact...Monday the 16th the 3 Presidents are scheduled to meet...Abadi, Jabouri, and Masoum...It is also being said that the Kurdistan region will begin receiving their full share of the 2015 Budget as voted to law starting April 1st...IMO...I believe from news and what is happening on the streets regarding the economy...that after Saturdays Conference and Mondays Presidential meeting...then Tuesday's CoM meeting... I believe we are about to see the directives to the Ministers on Tuesday that will be to implement the 2015 budget and open the economy.. 3-12-20915 Intel/Newshound Guru Poppy3 LAWS HAVE BEEN SENT TO PARLIAMENT NUMEROUS TIMES AND REJECTED AND SENT BACK FOR AMENDING. ACCORDING TO SOURCES AND INK MANY HAVE BEEN AMENDED AND SENT BACK TO PARLIAMENT WE CAN ONLY PRAY THAT THIS TIME THEY CAN AGREE AND PROCEED TO VOTE THEM INTO LAW. THERE ARE NO GUARANTEE THEY WILL OR WON'T WE MUST JUST WAIT AND WATCH THEIR ACTIONS...ALWAYS WATCH THEIR ACTIONS...
3-12-2015 Newshound Guru OOTW WHEN WE SEE THAT THE DEPOSITOR'S LAW IS IN FORCE, AND WHICH, BTW, COULD BE AMENDED TO /WITHIN ANY/EITHER OF THE BANKING ACTS, AND IT INCLUDES PROTECTING INVESTORS IN EVERY REGARD...WE'RE ON OUR WAY... AND ANYONE WHO KNOWS ME, KNOWS I DO NOT RIDE THE "THIS THING'S ABOUT TO POP ANY MINUTE" TRAIN...
3-12-2015 Intel/Newshound Guru Poppy3 WE ARE WAITING ON THE 16 MAJOR BANKING LAWS THAT WILL PROTECT THE INVESTORS OF MAJOR CORPORATION SO THE 86 OF THEM CAN BE SAFE ON INVESTING. LIKE FORD MOTOR CO WANTS TO BUILD A MANUFACTORY THERE. HCL IS ONLY A PART OF THE ITEMS THAT NEED VOTING INTO LAW. THEY ARE SAID TO HAVE AGREEMENT ON ALL BUT TWO NEW AMENDMENTS AND COMPLETION OF THE HCL AGREEMENTS. All are to be back IN PARLIAMENT THIS WEEK AND PRESENTED EARLY NEXT WEEK FOR READING AND VOTING. ACCORDING TO WASHINGTON THE GOI AND CBI ARE IN THE FINAL PHASES OF FINANCIAL REFORM AND CURRENCY REFORM.
3-12-2015 Intel/Newshound Guru tman23 The 10th, 11th, and today the 12th it is being reported that payments have slowed and some who are at ports to collect $$$ using their cards are being told to check back...equipment is not connecting with data...This is 3 days now...Consider the 3 days that they stopped oil flow to Ceyhan to audit the meters...and consider the rumor of the southern fields that were also being cut...Then consider the vendors in the streets and local businesses that are saying that in another month they will be out of business...The streets are empty as no one has $$$$...These are facts...We can speculate but it does not appear time for delay is on their side.
3-12-2015 Newshound Guru Administrator Bob This Saturday in Iraq will be an intergovernmental conference discussing the executive procedures for the initiative to activate the partnership between the public and private sectors - this is a significant event.
3-12-2015 Newshound Guru Kaperoni We have told people over and over..that this is not an overnight event or RV...Its a gradual appreciation via float and it will take at least 2 years to accomplish the goal of deleting the zeros once they start. ...the sooner they get all these laws, agreements, and decisions done, the sooner investment can start. When investment comes into Iraq, it will cause the dinar to rise.
3-12-2015 Newshound Guru Aggiedad77 Article: "Keywords: cash sales dollar continuously .. no ceilings on the withdrawal of funds" The CBI has been reported to have given the green light on deleting the 000's....as well as creating new mechanisms to be used in trading the USD....claims that stopping the auctions have proven to stop the smuggling of currency out of the country....and that some see a strengthening of the IQD at this time...The governor of the CBI stated that the mechanisms they have currently chosen to follow help to eliminate money laundering and at the same time work towards maintaining a market economy for Iraq.... meanwhile the CBI is working to support the private banking industry by pushing Parliament for guarantees of deposits for the banks....stating that the Bank is working on a new deposit law that will be presented to Parliament in the next few days...he does touch on the 000's project stating that it is not off the table that it is being studied carefully because its implementation will be a serious endeavor for them.
3-12-2015 Intel/Newshound Guru tman23 I was told...The counters were shut down along with oil flow to Kirkut for 3 days to do audit and inventory and final readings...I was also told that April the Kurds will receive the full 17% of the 2015 Budget...I was told that contractors in Kurdistan were promised without delay payments second week of April... I hold back sharing such as I read different media articles that elude to different scenarios...but take note that when I'm told it has usually happened just as said. That is why I say we could see a rate change any day...especially since the streets are drying up form a recession moving in AND inflation beginning to creep up also.
3-12-2015 Newshound Guru Mailman17 THE BANKS WILL HAVE JUST ENOUGH TO DO DAILY TRANSACTIONS BUT ANYTHING BIG WILL BE DONE IN VIRTUAL CURRENCY JUST LIKE HERE. AND THE PEOPLE WILL GET WHAT THEY WERE PROMISED...PURCHASING POWER. ENTER THE Q-CARDS, PAYROLL, RETIREMENT, ETC. ALL DONE ON A CARD. JUST FOOD FOR THOUGHT AS TO HOW THIS MAY HAVE BEEN PLANNED ON GOING DOWN...I MIGHT BE WRONG BUT IT DOES RAISE AN EYEBROW OR 2 AS TO HOW THEY INTEND TO GO FORWARD WITH ALL REFORMS PLANNED...JMO. I MUST REITERATE THAT IRAQ IS AND NEVER WAS WORRIED ABOUT THE DINAR OUTSIDE THEIR COUNTRY. THAT DINAR HAS A PLAN AND ALWAYS WAS TO BE PUT FOR OUTSIDE COUNTRIES RESERVES. HOW THAT EVENTUALLY FILTERS BACK TO IRAQ IS ANY ONES GUESS, BUT A REVALUED DINAR IS A GLOBAL LIFESAVER TO ALL ECONOMIES. AND YES...ME AND YOU AS WELL. BUT WE WERE ALWAYS GUPPIES IN THIS FISH POND FROM THE START. THATS OK THOUGH...WE WILL BE RICH GUPPIES..JMO. [post 3 of 3]
3-12-2015 Newshound Guru Mailman17 THE BANKS TURN IN EVERY DINAR THEY OBTAIN IN EXCHANGE FOR U.S. AT 1166. NOW, THE CBI ASSUMES THEY HAVE THE STREETS CLEAN OF IRAQI CURRENCY. ...LETS ASSUME EVERY INDIVIDUAL BANK NOW HOLDS 50 MILLION US IN EXCHANGE FOR 50 BILLION DINAR (ESTIMATED). NOW THE RATE CHANGE OCCURS AND THE COUNTRY IS NOW OFFICIALLY DE-DOLLARIZED. THE BANKS NOW NEED DINAR IN THEIR VAULTS FOR RESERVE AND DAILY EXPENDITURES. LETS SAY THE RATE IS 3 BUCKS. THE BANKS NOW TURN THE U.S. OVER BACK TO THE CBI FOR...READY...DRUM ROLL...16,666,66 DINAR. NOW WE KNOW THEY WONT GET ALL THAT IN SMALLS...BUT THEY WILL GET SOME...WITH THE REMAINING BEING ON THE BOOKS AS CREDIT. NOW HERE COME THE LOANS FOR BUSINESSES AND INFRASTRUCTURE...ALL DONE WITH NUMBERS ON PAPER AND NOT PHYSICAL CURRENCY... [post 2 of 3....stay tuned]
3-12-2015 Newshound Guru Mailman17 NOT ONLY DO WE NOW HAVE THE PARLIAMENTARY FINANCE SCREAMING FOR THE RATE CHANGE BUT ALSO THE BANKS SCREAMING THEY ARE LOW ON FUNDS. THE IRAQ ECONOMY NEEDS THIS PLAN ACTIVATED ASAP. THE BANKS ARE GETTING AND TURNING IN MOST EVERY DINAR THEY COLLECT OFF THE STREETS AND IN EXCHANGE THEY ARE GIVEN US DOLLARS. THAT DOES NOTHING FOR A BANK TO DO DAILY BUSINESS...THEY NEED THE CURRENCY OF THEIR OWN COUNTRY. THE BANKS ARE TURNING IN THEIR DINAR AT 1166 AND IN EXCHANGE GET 1 US DOLLAR. SO NOW WHAT ARE THE BANKS GONNA DO WITH ALL THAT US DOUGH? HERES SOME FOOD FOR THOUGHT... [post 1 of 3....stay tuned]
3-12-2015 Intel/Newshound Guru tman23 Article quote: "This is a decision taken by the Central Bank of Iraq, which represented by Mr. conservative relationship greatly influenced and the evidence now talking of the means of streets, a one way street in which a beautiful job now become almost empty as a result of the rise of the dollar." The streets are saying the rise of the dollar is KILLING BUSINESS... THE PAYING FOR IMPORTS ARE KILLING THE PRICE IN THE STREETS...THEY NEED PURCHASING POWER NOW...AND THE ONLY WAY IS TO RAISE THE VALUE OF THE DINAR.
3-12-2015 Newshound Guru Millionday [how do we go from...having to get er done...and then today Abadi telling people to be patient. Either they need to get it done or they don't . Asking for patience says we still have a ways to go and no urgency... How many times do you have to say implementation and not implement?] I DO AGREE -- AN INTERNATIONAL RATE WOULD MAKE PEOPLE FEEL MUCH MORE CONFIDENT...HE [ABADI] IS SAYING JUST BECAUSE IT IS NOT TODAY DOES NOT MEAN THAT IT IS NOT COMING -- THERE IS NO DATE GIVEN --I THINK THIS IS GREAT WHAT ABADI IS SAYING AND AM VERY EXCITED OVER IT -- HE IS SAYING THAT THE ECONOMIC REFORM IS COMING. 3-11-2015 Intel/Newshound Guru Poppy3 I WAS TOLD LAST WEEK THERE ARE NOW 86 MAJOR CORPORATIONS FROM AROUND THE WORLD WAITING TO INVEST IN IRAQ. EVEN HEARD FORD MOTOR COMPANY WANTS TO BUILD A MANUFACTURING PLANT THERE. THEY ARE ALL ON HOLD TILL BANKING LAWS ARE IN PLACE TO PROTECT THEIR DOLLAR INVESTMENT. THIS IS THE BIG REASON THEY KEEP TALKING ABOUT DRAWING THE INVESTORS IN TO IRAQ. IT PUTS EVERYTHING IN PERSPECTIVE ABOUT WHY THE PUSH TO GET THINGS IN PLACE. ALSO TIES INTO THEM GETTING THE MAJOR OPERATING LOANS IN PLACE.
3-11-2015 Newshound Guru Kaperoni Article quote: "Alaa al-Tai kicks off next Saturday acts Intergovernmental Conference to discuss the executive procedures for the initiative to activate the partnership between the public and private sectors, in order to proceed with the implementation of the strategy recently launched by the government to support the economic reality in the country." I don't want to get overly excited, but this follow up conference to the one held last month by Abadi is making sure the directives are being implemented. Saleh says..they will launch the recommendations (from the previous conference) which includes executive measures. IMO, knowing how significant the currency is to the market economy this conference could set the stage for the beginning of the float or at least the procedures to get it started. We may be very close.
3-11-2015 Newshound/Intel Guru BGG if they don't do something with the purchasing power - it is likely they will pull back on the tariffs (or need to)...which is a dead give-away as to what was/is intended to be happening right now.
3-11-2015 Intel Guru TNT Tony [via Adept1] The RV could have been done a year ago, two years ago, and everything done up to today could have been done after the RV. It might have been more dangerous, but that was the plan until those in key positions didn’t do what they agreed to do, once they were in power. We report what is happening right now, what we see and what they are trying to get accomplished. ...we have NEVER been in this position. Even though we were within ten minutes of the RV happening, we were never in this place before, with all these parts done. Everything is good, no bad news....they just don’t want everyone to know the exact day and time...we are there, numbers are there...All we’re waiting for is the moment of truth. Everyone in key positions in the US and in Iraq are very excited today, and you should be too.
3-11-2015 Newshound Guru Adam Montana I'll just get to the point immediately - We are, as we have for the past few weeks, on an HCL watch. We had two potential scenarios - A: Parliament slammed it on the books and we blazed right into an RV and we all scrambled. B: They don't do A. Obviously they chose option B. The only way I'd be getting discouraged is if there was backwards or negative progress...and that's not the case. March 9th 2 more points in the HCL passed Parliament. March 10th 5 more were approved. 2 more were slated for today if I'm not mistaken, and also if my information is accurate there is a total of 16 items to get through...They *could* do all 9 (?) by tomorrow, which would be absolutely AMAZING! My gut feeling, however, is that this will drag out to next week... sorry to everyone hoping that Friday was "payday". I'll eat a whole table full of crow pie if I'm wrong, with a huge smile on my face! That's just my opinion, nothing more. So, where are we right now? That's easy - we're sitting on the sidelines, watching our team march towards the goal, steady and sure. That's a pretty good feeling if you ask me!
3-11-2015 Intel Guru DC [via Adept1] Everything is incredibly awesome. Everything is ready to go and we’re waiting on the exact time. The CBI has all technical and legal processes loaded and ready. They are up and running. Laws and regulations are all where they should be. On television they have been saying to get ready for the economic reform, and “currency will have a higher value than ever before.” Everyone is getting excited with lots of wonderful expectations that this will go down in the next day or so.
3-11-2015 Newshound Guru Millionday Article quote: "He denied the Iraqi Central Bank, last week reduced its reserves of hard currency (the dollar), indicating that it covers the Iraqi currency traded at more than one and half times the size, without setting a specific value of the reserve." AS WE SEE ONCE AGAIN IT IS 150% OF THE DINAR VALUE THAT THE RESERVES ARE AT BUT -- THE MOST INTERESTING PART IS THAT THE AMOUNT HAS NOT BEEN RELEASED DUE TO THE EASY CALCULATION THAT WOULD PROVIDE OBVIOUSLY.
3-11-2015 Intel Guru Okie_Oil_Man [via Sambo] ...we are on high alert tonight...praying that this latest news is correct and not another episode go Murphys law.
3-11-2015 Newshound Guru Millionday Article quote: "it has to be from the central bank to take swift action to restore the dinar exchange and save it from degradation rate." THEY ARE SAYING THAT THE POSITION THEY ARE IN RIGHT NOW REQUIRES THAT THE CBI MOVES FORWARD AND WITH A HUGE RUSH TO RESTORE THE DINAR EXCHANGE RATE FOR IRAQ. SO THEY ARE SAYING (PARLIAMENT ECONOMY) THAT THEY ARE READY FOR CBI TO MOVE RIGHT NOW AND PUT IN THE EXCHANGE RATE AS CALCULATED --- PARLIAMENT IS STATING IT IS TIME TO RESTORE THE DINAR EXCHANGE RATE AND IN A HURRY TO SAVE THE IRAQI ECONOMY, MARKET, AND THE PLAN THAT HAS BEEN PUT IN PLACE FOR ALL AGREEMENTS AND ALL TRADE -- THEY HAVE STATED THAT THEY WANT IT TO BE DONE URGENTLY -- SO VERY FAST ACCORDING TO WHAT I HAVE READ.
3-11-2015 Intel Guru Mnt Goat This past week we have read many articles from the CBI and the parliamentary finance committee on the currency reform. I do know they are completing the currency reforms as I write this...I havn’t heard of any delays. I also read in article that Kurdistan has been paid in full for all debt owed by the GOI. It confirms once again HCL is done and implemented. In the news was a statement by the finance committee telling the CBI they are ready to begin the “project to delete the zeros”, they called it the go ahead and gave the “green light”. I totally believe they have begun this process already even much more deeper than the collection of over 90% of the in-country 3 zero notes held by the citizens. We have seen once again this week the buying of yet more gold by the CBI. This is how they are going to get the rate to come out so high (around $3.90+ USD to the IQD in exchange). First the reinstatement followed by a major revaluation just days or a week afterwards. I still believe this is the plan. This reinstatement and later a major revaluation are about to happen. The clock is ticking.
3-11-2015 Newshound Guru Kaperoni Article: "Dr. Salam smeisim *: the financial market and the Iraqi dinar and the economy" Quote: "The stock market ", according to the laws of market economy" requires a set of procedures to do its part, and these actions: 1. move the interest rates banks according to the size of the stocks and other securities on the market, 2. freedom of foreign exchange input and output, 3 and floating exchange rate of the national currency," Floating the dinar is coming. [Guru] Enorrste is so right...the first two are done. The question is going to be at what point do they flip to the new exchange rate regime.
3-10-2015 Intel/Newshound Guru Poppy3 5 YEAR PLAN DOESNT MATTER WE ARE ONLY INTERESTED IN THE RV AND THEY HAVE STATED SEVERAL TIMES THEY WILL FINISH THE REMOVAL OF THE 3 ZERO NOTES IN 24 TO 36 MONTHS AND THIS TIME LINE HAS STARTED. ALL THEY NEED IS THE RATE AND THE 3 ZERO NOTES WILL FLOW IN. REMEMBER THEY HAVE ALREADY COLLECTED MOST WITHIN COUNTRY. NEXT WILL BE OURS AND WHAT IS THROUGHOUT THE WORLD. THEY HAVE JUST THIS WEEK BEEN PREPARING TO TAKE IN INTERNATIONAL DINAR. IT SOUND AWESOME TO ME. [ you really dont think we need to wait 24 - 36 months right?] ABSOLUTELY NOT THAT IS HOW LONG THEY ARE ALLOWING TO CLEAR ALL OF THEM FROM CIRCULATION...THEY NEED TO START WITH THE RATE asap TO GET THEM COMING IN AND INCREASE THEIR CASH FLOW.
3-10-2015 Intel Guru Frank26 "Jurisdiction of Complaint: Defendant “Nouri Kamel Al Maliki” assumed the post of Prime Minister of theCouncil of Ministers and Commander-in-Chief of the Armed Forces of Iraq between the years 2006-thru-2014, and during the period of his governance committed numerous of egregious violations and crimes..." (the charges against Maliki) This spells SECURITY for everyone who has an interest in the middle-east. IMO - This will expedite the monetary reform. The bad guys wanted to steal the money. M [Maliki] and his buddies tried to do it. This puts the Monetary Reform on the fast-track!
3-10-2015 Newshound Guru Millionday THEY ARE WORKING TO MOVE FORWARD TO MEET ALL GOALS THEY HAVE SET AND ARE ACTUALLY SHOWING THE IMPORTANCE OF THESE TIMELINES...THIS WE ARE IMPRESSED BY AND ALSO ENCOURAGED TO SEE SUCH DRIVE IN THIS GOVERNMENT. WE HAVE LITTLE NEWS AND IT ALL HAS SHOWN US THAT THEY ARE WORKING TO REFORM THE COUNTRY -- THIS I AM VERY HAPPY WITH.
3-10-2015 Newshound Guru Enorrste Article: "Dr. Salam smeisim *: the financial market and the Iraqi dinar and the economy" Quote: "The stock market ", according to the laws of market economy" requires a set of procedures to do its part, and these actions: 1. move the interest rates banks according to the size of the stocks and other securities on the market, 2. freedom of foreign exchange input and output, 3 and floating exchange rate of the national currency," What is really nice is that she lists three things, the first two of which have already occurred. This means we are only waiting for the float to be announced. Number two was activated on Sunday, so we are definitely in Allaq's "green light" zone.
3-10-2015 Newshound/Intel Guru Arthur ...although a lot of progress has been made on many fronts, we are still waiting on the same thing: GOI + HCL = RV... Based on what I am getting from Iraq the negotiations have heated up on another level due to an international team there to expedite this final piece to the monetary reform of Iraq. Nothing and I repeat NOTHING moves substantially forward until this is officially completed and the GOI, CBI, and the PTB are aware of this and are working feverishly to get it done. Without going into too much detail, several minor mistakes were made by all concerned...the Region and the Center for their respective expectations and the CBI and GOI for their policies set based on the anticipations thereof that, hindsight now being 20/20 would not have occurred, but the numbers are now being recrunched and the parliament will soon get the final version to sign into permanent law hopefully by the beginning of next week shortly after which the budget to be fully implemented and opened with the agreed upon monetary reality of the new Iraqi economy.
3-10-2015 Newshound Guru Millionday EVERY TIME THE OIL AND GAS LAW (hcl) HAS BEEN SENT TO PARLIAMENT IT HAS BEEN SENT BACK FOR A CHANGE TO BE MADE RIGHT AWAY --- UNTIL NOW---NO NEW STUDY HAS BEEN ANNOUNCED YET FOR THIS TIME. RIGHT NOW IT IS EXPECTED TO BE READ TWICE AND VOTED THROUGH DUE TO THE AGREEMENTS AND TIME SPENT THIS TIME...THIS IS GREAT NEWS...PROGRESS IT APPEARS THAT WE HAVE HOPED TO SEE. [is the bill in parliament now to be read and approved?] YES IT IS ACCORDING TO THE REPORTS I HAVE READ -- IT IS FINALLY THERE AND READY FOR THE STEPS TO LAW -- THE WAY I UNDERSTAND IS THAT THE FINANCIAL PART OF THE LAW IS DONE DUE TO THE BUDGET BEING DONE...THEY DO NOT EXPECT IT TO BE RETURNED AND THEY HAVE ANNOUNCED THAT THEY AGREE ON BOTH SIDES ON ALL ISSUES TO DO WITH HCL...
3-10-2015 Newshound Guru Breitling No body knows why the CBI took the announcement down. (It's back up so it's official) They are retiring the 50 dinar note that's going to help reduce the note count and because no body uses the 50 dinar note. As far as our investment is concerned it's…either they are going to float it from this rate on up [1166] or they are going to revalue it to a higher number and float up from THAT number. How long will it take? No body knows. It's hard to figure out what pace they are going to do it…When they go through the process it's going to take 2 or 3 years…that's the only time from a the CBI has given.
3-10-2015 Newshound Guru sczin11 I HAVE STATED MANY TIMES, THE QUESTIONS AROUND HOW WE WILL KNOW, WHEN THE INCREASE OF THE DINAR VALUE OCCURRED... YOU SEE, THE TRANSFORMATION TO AN OPEN MARKET GLOBAL, INTERNATIONAL ECONOMY, FOR THE BENEFIT OF ALL OF IRAQ, NOT JUST THE ELITE...THE NEW IRAQ, THE NEW GOVERNMENT, THE SOVEREIGN WEALTHY POWERFUL POWER OF THE MIDDLE EAST AND THE WORLD...REQUIRES A TRUE VALUE REALITY RATE! IT IS IN THE MOMENT, IN PROCESS, AND WILL SHOW WHEN THE FINAL PIECES ARE IN PLACE. ...IS THAT A FEW LAWS, IS THAT A UNIFIED GOVERNMENT, IS THAT THE START OF A MONTH, IS IT WHEN CBI IS OPEN OR CLOSED? WE DONT KNOW, NO ONE DOES...JUST KNOW, what WE ARE CERTAIN ABOUT...IRAQ IS OPEN FOR BUSINESS, AND THE IRAQI DINAR, IS THE CURRENCY OF THE NEW IRAQ!!!
3-10-2015 Newshound/Intel Guru BGG [so it looks like we are waiting on HCL?] IMHO - no. We may be waiting - but not on that. Further, while I think it excellent news they are even talking about a comprehensive HCL - I doubt it is the "lynch-pin" for an RV.
3-10-2015 Newshound Guru Chattels Article: "Parliamentary Energy: There is no bill for oil and gas in the House of Representatives" EVEN IF THE OIL AND GAS LEGISLATION / HYDROCARBON LAW IS " IN " PARLIAMENT THIS WEEK AND ASSUMING THAT THE "INTENSIVE DIALOGUE" IS SUCCESSFUL IN ATTAINING A CONSENSUS THEREON, THERE IS NOT ENOUGH TIME IN A WEEK, AND ESPECIALLY A FOUR DAY WORK WEEK AS THIS IS TUESDAY ALREADY, TO ACCOMPLISH TWO READINGS AND ALLOW FOR THE FOUR DAYS ADVANCE SCHEDULING FOR A VOTE.
3-10-2015 Intel Guru Frank26 [via FrostyTheSnowman] Excitement was in the air for last Sunday...but no one was paid on Sunday. They said they were going to start remittance. What happened? The HCL is in the budget...that’s why there was no remittance on Sunday. We knew it was going to take a few weeks for them to show it to you. The CBI knows that without auctions...inflation is growing in Iraq...and the only way to combat that is to RAISE THEIR CURRENCY! GOI has never felt as if they wanted a low rate...but the CBI does. Iraq is ready to show the world the VALUE of their currency! The rate MUST be worthy of what their country holds. They want it to be a TRUE MARKET VALUE...based on their assets. Pay attention to time from now thru 3/17/15...It is coming...just at their own time and speed.
3-10-2015 Intel Guru TerryK dong 1.57...ZIM SAME AND DINAR 3.90 IS OR ARE THE RATES I'M HEARING. I'M HEARING TUE NIGHT TO THURSDAY NOT ANYTHING PAST THAT BUT THEN WE WILL HEAR SOMETHING ELSE IM SURE ... WAY IT'S BEEN GOING ALL THESE YEARS BUT MUCH FASTER THE PAST FEW MONTHS. I KNOW WE ARE THERE.
3-10-2015 Intel/Newshound Guru Poppy3 WAS TOLD TODAY [MONDAY] FROM BAGDAD THAT AGREEMENT ON TWO OF THE AMENDMENTS TO THE HCL WAS REACHED AND THEY EXPECT IT WILL BE BACK AT PARLIAMENT IN THE NEXT COUPLE DAYS. ...THERE ARE ZERO GUARANTEE THAT THEY WILL PASS IT THIS TIME LIKE THE LAST 6 TIMES THEY HAVE HAD IT. ALL WE CAN BE SURE OF IS THEY ARE TRYING TO REACH SOLID AGREEMENTS.
3-10-2015 Newshound Guru Aggiedad77 ...a couple of article(s)...speak to an auction that the CBI held today [Monday] ...this auction is nothing like the daily auctions they stopped on 2/20/15...they are not starting up again...this auction has been a periodic thing for them for a number of years, more like bond auctions...good for typically 91 days to maturity I believe...no need for excitement here.
3-10-2015 Newshound Guru Millionday MARCH 8TH IS THE DATE OF THE BEGINNING OF THE REMITTANCE SYSTEM -- A REMITTANCE SYSTEM IS THE SYSTEM THAT ALLOWS A COUNTRY TO SEND AND RECEIVE FUNDS FROM ALL OTHER COUNTRIES -- THAT WOULD BE THROUGH INTERNATIONAL BANKS AND ALSO MONEY TRANSFER COMPANIES IN AND OUT OF THE COUNTRY -- ALL THROUGH WIRE. [how can they do that without a real rate?] THAT WOULD BE WHY EVERYONE IS VERY EXCITED -- THIS WOULD REQUIRE INTERNATIONAL COMPLIANCE -- AND THIS LEADS US ALL TO BELIEVE IT ALSO SHOULD LOGICALLY REQUIRE INTERNATIONALLY RECOGNIZED CURRENCY -- SO WE ARE HOPEFUL THAT IT DOES. [did they begin the remittance...?] THEY HAVE REPORTED THAT THEY HAVE BEGUN THE SYSTEM. [I guess the rate has not changed?] IT DOES NOT APPEAR THAT ANY RATES HAVE BEEN CHANGED AT THIS TIME.
3-10-2015 Newshound Guru Kaperoni Article quote: "preparations for this process began, but will not end, and it will take some years to come long"..."the fact that the process will raise the exchange of currency and improve its value in the domestic and global market" [It still looks like we are a way off the RV.] there is no overnight RV. the float or unpegging of the dinar to the dollar will allow the dinar to rise gradually over time as investment flows into Iraq. As stated already by the CBI they expect this process to take at least 2 years or more to complete. This is not an overnight event. 3-9-2015 Newshound Guru sczin11 ...IRAQ CAN SURVIVE, HAVE SURVIVED, AND CAN CONTINUE TO SURVIVE, USING THE US DOLLAR, KEEPING THE POOR , POOR...AND THE WEALTHY, RICH...SURE THEY CAN...THE NEW IRAQ, IS NOT LOOKING FOR ANY OF THE ABOVE, TO BE THE WAY OF THEIR COUNTRY...BECAUSE THE NEW IRAQ, WANTS A SOVEREIGN DEMOCRACY, USING THE DINAR, THE NEW IRAQI DINAR, AS THEIR SOLE CURRENCY... BECAUSE THEY WANT COMPLETE CONTROL OF THEIR FUTURE...BECAUSE THEY HAVE PRIDE, POWER, AND THE GOODS TO WALK THE WALK, AND TALK THE TALK, THEY ARE READY TO PUT THEIR MONEY WHERE THEIR MOUTHS HAVE BEEN, AND SHOW THE WORLD, THEY ARE A FORCE TO BE RECKONED WITH...AND AS GOVERNOR TURKI STATED, ON MAY 2, 2014... THEY CAN SUPPORT THE VALUE OF THE DINAR, TO THE ROOF!!!
3-9-2015 Newshound Guru Millionday THE HCL WILL BE IN PARLIAMENT THIS WEEK TO BE PASSED AND FINISHED. I THINK IT IS GREAT -- HCL TO BE LAW THIS WEEK OR AT LEAST PLANNED TO BE AND ONLY TWO ISSUES LEFT... IT APPEARS THE CHANGES WERE TO DO WITH IMPORTS -- EXCELLENT. SO THE ISSUES OF CONTENTION WILL CONTINUE TO BE DISCUSSED TOMORROW -- AND ARE VERY SMALL AS FAR AS THAT GOES... AND ARE ON THE BRINK OF COMPLETION -- WHOOOOPOW...THE HCL IS IN BETTER SHAPE NOW THEN EVER...GREAT NEWS. THEY HAVE ANNOUNCED FROM CBI THAT THEY HAVE THE GREEN LIGHT SO NOW WE ARE WATCHING THE STEPS AS THEY TAKE THEM.
3-9-2015 Intel Guru MarkZ There is a tremendous amount of intel pointing to a big announcement tomorrow. The banking side seems to think we are there. I honestly am not sure, I am getting mixed information from the Iraqi side right now that is pointing to “not quite yet”. On the banking side I am repeatedly being told there will be a wait of up to ten days between the announcement and anyone having any money. Treat it as rumor, remember NO ONE will know the exact process until it happens.
3-9-2015 Intel Guru TNT Tony Cards were updated on Saturday, successfully. They updated their international wire system, and that works; we know someone who has received funds that way. We contacted four of the major banks, and they all got the same rates, and the same instructions for the time to be ready to go. The laws have all been passed, the system has been checked and double-checked, the people have it on their cards and it has been announced that the rates will change. A few tests have been run through with a few big companies. We are the last to go, and it’s our turn. We’re in a good place, all systems are Go... We did expect it over the weekend, and there was a delay. The banks have been given another date and time. It’s not March 15th, nor 2016! The rate is there, it’s live, and it’s on hold. Everyone had the green light, and it went international on Sunday. All that remains is for this to be announced. There is no US delay. The information cannot get much better...I don’t see any negatives apart from the fact that I’m not at the bank this minute, but I know I’m on my way.
3-9-2015 Intel Guru DC On Friday we said in 3-4 days we should be ready to go, and that is still the case. It’s 3-4 days from Friday and we are sitting on the Go. Various laws and procedures were passed or refined in Iraq so that they can send payments all over at the new rates. On Wednesday and Thursday, all the central banks in the world were pinged with the correct numbers, and those were correctly received throughout the world. The IMF and CBI sent out the numbers, and those tests all went very well. The rest of the world is ready. We had more confirmations that everything has been tested throughout their system. Everyone and everything is ready to go. Everything looks wonderful. The Go signal is expected from Dr Abadi and Dr Shabibi – they are being cautious and making sure everything is ready and prepped to go...we understand everyone is prepared throughout the world.
3-9-2015 Newshound Guru Aggiedad77 Article: "Parliamentary oil: the draft oil law is still with the government" ...the HCL is still sitting in the laps of the COM...has not been made law...not yet anyway...Parliament still has to read it twice and do a vote...but it is coming baby.
3-9-2015 Intel Guru EXOGEN [MARKET ACTION looks excellent for the BREAKTHROUGH TONIGHT.] THE BOTTOM LINE IS NOBODY KNOWS THE DATE AND THE RATE...ALL WE CAN STUDY IS WHAT ARE THE NEXT ITEMS ON THE CHECK LIST THAT ARE REQUIRED TO GET US TO THE FINISH LINE...AND RIGHT NOW THERE IS NO FULLY IMPLEMENTED, ACTIVATED AND EXECUTED HCL, THE MONETARY REFORM IS NOT COMPLETED, AND THERE IS STILL AN ISIS PROBLEM. [What happened to $3.90 live on all the screens, just waiting on transaction codes?] UNTIL NUMBERS ON SCREENS SHOW LIVE WITH ACTIVATION OF BUY/SELL WE HAVE NADA.
3-9-2015 Newshound Guru Millionday Article quote: "...it is true that the completion of this project the improvement of payments and to facilitate the circulation of currency, the fact that the process will raise the currency exchange and improve value in the domestic and global market..." IT SAYS HERE THAT IT IS TRUE THAT THE COMPLETION OF SWITCHING THE CURRENCY AND THE REMOVAL OF THE THREE ZEROS WILL RAISE THE CURRENCY EXCHANGE AND IMPROVE THE VALUE IN THE DOMESTIC AND GLOBAL MARKET --- WHOOOPOW.
3-9-2015 Intel Guru Jester [is it understood that Dinar and Dong will go at the same time?] NO THE DONG WILL GO AFTER... [When the dinar goes, will the dong go within hours, days, or we don't really know when?] HAVE NO WAY OF KNOWING... [...had any news from the sandbox today?] NOTHING CHANGED THERE... THAT IS THE NEWS I HAVE GOT SO FAR TODAY...NOTHING HAS MUCH CHANGED... I AM STILL CAUTIOUSLY OPTIMISTIC...I THINK WE ARE TRACKING A FEW DAY WINDOW...
3-9-2015 Intel Guru EXOGEN FOR IRAQ TO DO GLOBAL AND INTERNATIONAL BUSINESS THEY NEED A GLOBALLY INTERNATIONALLY TRADEABLE CURRENCY. There was progress on Sunday... Article: "Banks proceed with the implementation of remittances to their customers Sunday" Yes we are hearing good news as well but does that mean RI/RV this week. No it does NOT. There is NO Activated & 100% Fully Implemented HCL in place as of TODAY at 8:00 am EST. This is the REALITY!
3-9-2015 Intel Guru TerryK CBI STARTED A NEW SYSTEM TODAY, AND NOW EVERY BANK IS CONNECTED TO THE CBI AND THE WORLD. THIS IS THE FIRST TIME THAT ALL BANKS IN IRAQ HAVE BEEN CONNECTED ELECT. TO THE CBI. I...AM BEING TOLD BY A WHITE HOUSE SOURCE AND WE HAVE HEARD THIS BEFORE THAT IRAQ IS A LOT FURTHER ALONG THAN THEY ARE POSTING IN ARTICLES. JUST GOT OFF ANOTHER CALL...THIS SOURCE BACKED UP EVERYTHING I SAID TONIGHT AND THINKS WE MAY SEE THIS TOMORROW [MONDAY]. IM THINKING WE GOT TO BE DANG CLOSE.
3-9-2015 Newshound Guru Millionday Article quote: "...A unified account of all state institutions in order to accrue interest over the central bank, stressing the need to expand the adoption of electronic payment for its importance in controlling liquidity movement." SO AS WE SEE HERE -- ELECTRONIC BANKING WILL BE USED/NEEDED...THIS MY FRIENDS IS THE BEGINNING OF THE ECONOMIC PLAN THAT WE HAVE BEEN WAITING FOR --- HUGE CLUE TO SAY THE LEAST. THE HUGE REFORMS WE HAVE BEEN WAITING ON ARE NOW EASY TO SEE AND READY TO GO --- I AM VERY EXCITED --- WHOOOPOW. 3-8-2015 Intel Guru Frank26 ALL TEAMS reported today ... ZERO INTEL. GOICBI are in one room being protected. They do New Math. No one knows the Date nor Rate but we do KNOW ... No MR advancement this week. As for what is happening on this SUNDAY ... We share tomorrow on MONDAY. The MR is Good but NOT as advanced as we wish at the moment.
3-8-2015 Newshound/Intel Guru Tlar The physical currency will not be lopped. Anyone holding physical currency will get the advantage of a new exchange rate. in otherwords a dinar will always be a dinar...Only the physical currency being in the hands of the people will see an increase in value, just as it will over here...That's why the CBI has been pulling in the currency as fast as it could. The currency too will be adjusted but it's value will be inhanced because of whatever the new rate is. A dinar will be whatever the exchange rate is up or down. A dinar is and will always be their currency. So if it comes out at one to one, a 10,000 dinar note will have a new equivalent value of 10,000 US dollars.
3-8-2015 Newshound Guru My Ladies [GURU] NOVA AND I...HAVE SEEN NO EVIDENCE OF THE CENTRAL BANK PAYING OTHER CENTRAL BANKS. WE ALSO HAVE SEEN NO EVIDENCE OF THE ZEROS BEING DROPPED AND THAT WOULD TRIGGER AN ENTIRE MOVEMENT THAT WOULD NOT BE ABLE TO CONCEAL. ADDITIONALLY THE CENTRAL BANK AND ALL CENTRAL BANKS ARE TIED IN TOGETHER ON THE SAME SYSTEM AND IF THE DINAR HAD VOLUME IT WOULD BE SEEN ON THE CENTRALS SITE. THE CBI SETS THE RATE AND WOULD HAVE AN INTERACTIVE SCROLLING OF THE MARKETS IF IT WAS GIVEN INTERNATIONAL STATUS. THIS IS NOT IN OUR OPINION THIS IS FACT. WE STILL FEEL WE ARE RIGHT ON TRACK AND WE WILL SEE THE MONETARY REFORM VERY VERY SOON.
3-8-2015 Intel/Newshound Guru tman23 Yesterday Mahdi announced that Saturday was the BEGINNING (THE START)....of decentralization...Think of it as hanging a banner...GRAND OPENING!
3-8-2015 Newshound Guru Kaperoni (Press release) "A source in the Iraqi Central Bank that banks will start to implement transfers to its customers starting from Sunday , 2015/3/8" ...the CBI posted confirmation...
3-8-2015 Intel/Newshound Guru Backdoc JUST AS STATED THE CBI DID WHAT THEY SAID THEY WOULD DO BY DROPPING THE ZEROS AND BRINGING VALUE TO THE DINAR! JUST LIKE I TOLD YOU, AT FIRST THIS METAMORPHOSIS WOULD NOT BE FOR YOUR EYES! JUST LIKE THAT BUTTERFLY WHEN HE COMES OUT OF HIS CACOON, HE NEEDS TO BLEND IN WITH HIS SURROUNDINGS, HIDDEN FROM VIEW UNTIL HIS WINGS ARE DRY! IN THE NEXT FEW DAYS, GOD ONLY KNOWS WHEN HE WILL BE RELEASED INTO THE SUNSHINE FOR ALL TO SEE. FOR OZ TO MAKE THIS NEW REALITY BEGIN HE HAS TO LET IT GO INTERNATIONALLY! IN A FEW DAYS WE WILL SEE JUST THAT! RIGHT NOW OZ NEEDS TO TAKE CARE OF PAYING OFF SOME BILLS IN HOUSE BEFORE THAT HAPPENS! [post 2 of 2]
3-8-2015 Intel/Newshound Guru Backdoc ...TODAY HAPPENED JUST AS TEAM ABADI PROMISED IT WOULD. THE CBI BEGAN TO MAKE PAYMENTS AS PLANNED TO OTHER CENTRAL BANKS. REALIZE, THIS CONFIRMS THAT THE ZEROS ARE DROPPED AS STATED THEY WOULD BE! THIS IS OUR CONFIRMATION! THIS IS WHAT WE WAITED TO SEE! SINCE SEPT. 8TH AT 8:00 TEAM ABADI PARTNERED WITH THE INDEPENDENT CBI/OZ AND COMPLETED A MOMENTOUS TASK! THATS RIGHT MONETARY REFORM FOR THE IRAQI DINAR! TODAY HISTORY WAS TRULY MADE ON THIS 8TH DAY OF MARCH! (Oz=IMF, WORLD BANK, U.S.TREASURY, AND CBI) [post 1 of 2....stay tuned]
3-8-2015 Intel Guru DC [via Already Blessed] EVERYONE IS READY...WE ARE ALL JUST WAITING!
3-8-2015 Newshound Guru wmawhite There has been a lot of talk recently from the CBI, members of Parliament as well as the Prime Minister about Iraq returning the greatness/strength... With this in mind, I see them using their currency as a statement of power and 1 to 1 just doesn't get it. ...for those that can not understand the logic of the CBI coming out with a true/realty rate that truly reflect the value of their currency and it being more than 1 to 1...then what is their true value? Is it 1166 or is it 1000 IQD = 1 USD...of course not! Is it 1 to 1...of course not! Then what is it? They are the ones telling us "powerful...great" So what is it? ...the CBI, GOI, Parliament and other folks within Iraq are giving us their opinion/intentions of what their currency is valued at. [post 2 of 2]
3-8-2015 Newshound Guru wmawhite IMO...within one act, the CBI tells the banks of Iraq that they have permission to make foreign payments...remittances. The process of sending IQD out of country in order to remit...paying a debt is what changes tomorrow [Sunday]. Let that sink in...up until tomorrow [Sunday] the banks within Iraq that the CBI controls were not permitted to do so. [They said they gave the green light.] Yes they did...The CBI has told the banks to start paying the foreign remittances/debts/bills...show me the money! ...they certainly do not what to start sending 1166 IQD out of the country for every 1 USD of debt. If the CBI wanted 1166 to be an international rate it could do that...however, paying 1166 IQD for every 1 USD of debt...Iraq would be broke in hours because there is not enough IQD to paying at that rate. [post 1 of 2....stay tuned]
3-8-2015 Newshound Guru Shredd Article: "Finance Committee in connection with legislation guarantee deposits in the banking law" This legislation is huge, especially at this time with the project to delete the zeros starting.
Protection of bank balances while transitioning from the dollar to the dinar and building confidence in electronic banking can only be possible if account balances will be protected. It's no coincidence that investment boomed in the US after balances had protection.
3-8-2015 Newshound Guru Millionday WHERE WE ARE NOW IS VERY INTERESTING -- THEY HAVE STATED FROM CBI THAT ON THE 8TH OF MARCH THEY WILL BEGIN THE REMITTANCE SYSTEM AND THAT IS TOMORROW [SUNDAY] AND SO IT MAY BE A GREAT DAY TOMORROW [SUNDAY]... 3-7-2015 Intel/Newshound Guru Poppy3 THIS REMITTANCE IS ALSO SAID TO ACTIVATE THE Q1 CARDS USABLE OUT OF THE COUNTRY AND GLOBAL. THIS WOULD DEFINITELY CALL FOR A RATE AND THAT RATE BEING INTERNATIONAL. CAUTION IS THAT THEY HAVE SAID THIS WAS HAPPENING ON SEVERAL OCCASIONS AND WE KNOW IT JUST DOESNT GET COMPLETED...DIFFERENCE THIS TIME IS THAT EVERYTHING ABADI HAS [SAID]...HAS HAPPENED...DURING HIS PM SHIP...MAKING TOMORROW VERY PROMISING TO ME. TIME AND ACTIONS WILL TELL US TOMORROW. ABADI told the world in ink that their currency will be stronger than at any other time in their history as well. This is in ink. NOT ONE OFFICIAL WORD FROM CBI HA EVER SUGGESTED A LOW RATE NOT ONE. I THINK I WILL SIDE WITH THE NEW PRIME MINISTER...
3-7-2015 Intel/Newshound Guru Tlar IMO the program that started out in 2007 known as "delete the zeros" was terminated on or around Sept/Oct of 2012 by Shabibi. He changed it to "just bring the currency out at 1166" (FLOAT), and then program was changed back again under Turki to the originaql plan of "deleting the zeros" which is where I believe we are today. Some folks got stuck in the middle where Shabibi was going to just float the currency, but most followed the articles and moved on with the change back to deleting the zeros.
3-7-2015 Intel Guru Frank26 We are surprised. Stunned. The AMOUNT... VOLUME of INFO coming from both The GOICBI at once. This is rare. Especially for a Saturday. Causing interest for Sunday...Tomorrow...articles are packed with foundational LAWS!!!
3-7-2015 Newshound Guru Enorrste I have never...espoused the idea that there would be an RV to $1 and a float thereafter. The RV is simply not possible. If they tried to say, "Our dinar is now worth $1", then, overnight, their money supply would be worth $40 trillion, or about 15 times the money supply of the world. That is why an RV won't work. Put another way, that is why a start rate of $1 per dinar won't work, either. As we have said before, once the exchange rate regime is changed to a freely floating currency, the OFFICIAL rate and the STREET rate become the same thing. The 2% rule is thereby satisfied immediately. 90 days later, in theory, Iraq could move to Article VIII.
3-6-2015 Intel/Newshound Guru Poppy3 ...THE $3.00 PLUS I HAVE PREACHED SINCE 2010 IS STILL WHERE THE OFFICIAL CBI PEEPS ARE SAYING WE WILL SEE.
3-6-2015 Newshound Guru Millionday THE BEGINNING OF THE REMITTANCE WILL BE ON THE 8TH OF MARCH -- THIS IS SUNDAY COMING UP. [what are remittances?] IT IS THE ABILITY TO WIRE BACK AND FORTH WITH A COUNTRY THROUGH MONEY COMPANIES AND BANKS --- WIRING SYSTEM. [With the start of the new mechanism regarding the remittance program/system...could this mean that it is internationally recognized?] YES IT WOULD HAVE TO BE INTERNATIONALLY RECOGNIZED. REMITTANCE CAN BE EXPLAINED THAT INTERNATIONAL BANKS AND MONEY TRANSFER COMPANIES CAN WIRE ACROSS THE GLOBE BY SUPPLY AND DEMAND. [can the rv be expected on the 8th...what can be expected on the 8th...?] WE DONT KNOW THE DATE...OR THE RATE. THE BEGINNING OF THE REMITTANCE AND WHATEVER STEPS THAT MAY BE -- CBI CAN SET THE VALUE AND THE INTERNATIONAL RATES AT ANYTIME THEY WANT -- THEY HAVE THE GREEN LIGHT. THEY WILL BE EXCHANGING CURRENCY BY WIRE -- HOW THEY WOULD DO THAT WITHOUT A NEW VALUE AND INTERNATIONAL RATES IS BEYOND ME -- BUT IT WILL BE SEEN ON SUNDAY.
3-6-2015 Intel Guru TNT Tony [via Adept1] We’ve talked about $3.89 or $3.90 a few weeks ago, and last night they were confirmed at $3.90. We talked to bank managers and tellers, and they are all seeing the same live rate at this moment. However, no one can do a transaction that we know of – that’s what we are waiting for. Iraq is scheduling a major announcement for this weekend, and they are expecting celebrations this weekend about Tikrit. Even though banks in Iraq will be able to do international bank transfers as of Sunday, that doesn’t mean the RV has to wait until Sunday. On their television, they are saying that this is happening in the next few days. We are waiting for the moment of impact. I’m feeling super-fantastic...
3-6-2015 Intel Guru DC [via Adept1] There have been last-minute meetings and everyone has been told to do the green light. That last meeting has occurred and been given a time, and we don’t know when that is. IN the last 24 hours, signals have been sent to update all world-wide rates to 3.90 – that has been sent out and tested with small exchanges. WE have got that from high to low level bankers throughout the world, but no one has been given a time...every country has been put on alert... We don’t know the time, but we know it is live across the entire world, but they have not announced it. We are simply waiting on the announcement from Iraq. It doesn’t have to be a big one, but Iraqis get it first, then the Kurds, then we will get it. It is live, but transaction codes have not been given. We are waiting on Dr Abadi and Dr Shabibi to get this done. The timing is being tightly held. It could happen in the next minute, Saturday night, Sunday night… we don’t know.
3-6-2015 Intel/Newshound Guru tman23 A few weeks ago when Abadi asked for citizens to be patient until June...THERE ARE NO DATES BEING IMPLIED BY ABADI FOR A REVALUATION OF THE CURRENCY...BUT RATHER MORE SO THE CITIZENS BEING PAID BACK PAY...AND REMEMBER HE PROMISED THEM RETROACTIVE FROM JANUARY 2014 ALONG WITH PAY INCREASES...AND TO DATE/ ABADI HAS KEPT ALL PROMISES. [do you think we will have to wait until june according to that statement or that they will get all of their money by then (backpay)?] I look to June...But there absolutely no doubt that we are in the moments of monetary reform and an announce could come at any time.
3-6-2015 Intel Guru TerryK THERE IS NOT A BASES FOR THEM NOR WILL IRAQ AGREE TO A FLOAT AS THIS WILL NOT PAY THE BILLS NOR PAYMENTS TO SHELL THE OIL COMPANY....PERIOD. I TALK TO THESE PEEPS AND IM TELLING YOU THAT WILL NOT HAPPEN. I AGREE THEY WILL FLOAT AFTER THE RI/RV...THEY CANT START AT 1166 AND WILL NOT. MY IMF CONTACT...TELLS ME...THAT THEY HAVE AGREED TO ALLOW IRAQ CBI TO OPEN AT A AGREED RATE THEN FLOAT...NOT AT 1166. THEY HAVE ALREADY AGREED AT LEAST A RI RATE. NO WHERE HAVE I SEEN WHERE THEY SAY THEY ARE GOING TO FLOAT FROM 1166...ITS GOING TO BE FROM A RATE OF 3.22 OR HIGHER...IN FACT IM BEING TOLD 3.90 AND THEN FLOAT. I HAVE IT ON GOOD HANDS THAT WE WILL OPEN AT 3.90.
3-6-2015 Newshound Guru Enorrste ...it would not surprise me to see the dinar get to $1 by the end of the year. The CBI says that it will take 2 to 4 years (more recently they are leaning toward 2 rather than 4 according to the articles) and we would assume that all large notes would be off the streets at $.50 per dinar. Even a 1000 dinar note would be worth $500 at that point. So, I suspect that they are projecting to get to $.50 in two years. I can live with that, but I think that international speculation will have more to say about it and that it will actually move up much more quickly, especially as investment moves into Iraq. I would not be surprised to see oil denominated in dinars after the change in the exchange rate regime, although not immediately. Imagine what that would do to the value...I am quite optomistic at this point. I can wait a few more weeks to see the ticker start to move. [post 2 of 2]
3-6-2015 Newshound Guru Enorrste My personal belief is that this could happen sooner rather than later because, as I have stated many times before, once the cat is out of the bag and a new exchange rate regime is created there is really nothing to hold it back, unless, of course, the CBI intervenes. However, I don't believe that it is in their best interest to intervene and create a "ratchet" effect on the rising of the dinar. Their main concern will be on getting the large notes off the street in Iraq, and to the extent that they can do that seamlessly I see no reason for them to intervene in the international market. [post 1 of 2....stay tuned]
3-6-2015 Intel/Newshound Guru Backdoc JUST TO BE CLEAR HERE I IN NO WAY AM CALLING THE INTERNATIONAL RATE ON THE 8TH! THE 8TH IS WHEN THEY SAY THEY ARE DROPPING THE ZEROS AND ADDING VALUE, RIGHT? SO WE DO EXPECT IT BEFORE THE END OF MARCH SINCE THAT IS WHEN THEY INTEND TO LAUNCH THEIR MARKET ECONOMY! I THINK SOME FOLKS HAVE MISREAD MY POST, READ DEEPER! WE WILL SEE VALUE DONE ON THE 8TH BUT NOT FOR OUR EYES YET!!! PLEASE RE-READ CLOSER! BUT SOON! [reference Backdoc's earlier post 3-6-2015]
3-6-2016 Newshound Guru Millionday ...RUMORS BY SOME STATING THAT CBI DOES NOT HAVE ENOUGH RESERVES ARE NOT TRUE --- IN FACT THEY HAVE 150% TO BACK THE VALUE INTENDED FOR THE DINAR. [do we Know what the "value" is 2 "back the dinar is?] NO -- WE DO NOT KNOW THE RATE OR THE DATE YET -- WE HAVE TO WAIT ON CBI TO RELEASE IT HOWEVER THEY SAID...THAT CBI WILL BE THE ONES THAT LISTS THE DINAR ON THEIR ISX. CBI HAS ANNOUNCED THAT THEY HAVE THE GREEN LIGHT TO MOVE FORWARD WITH THE REMOVAL OF THE THREE ZERO CURRENCY -- THIS WOULD BE A RESULT OF THE NEED FOR THEM SO IT IS SAFE TO SAY THAT THE PRICES WILL REFLECT THOSE THAT DONT REQUIRE SUCH HIGH DENOMINATIONS.
3-6-2015 Intel/Newshound Guru Backdoc WHY ARE THEY BUYING SO MUCH GOLD? PARTLY, WE KNOW ITS A STABILIZING FACTOR IN CURRENCY VALUE. IT MAKES THEM A MORE STABLE DONOR! ALSO ITS A WAY TO DE-DOLLARIZE AS THEY MAKE THE SHIFT TO THEIR OWN CURRENCY NOW. AND FINALLY, IT WILL ALLOW THEM A MUCH HIGHER RATE! LET’S GO BACK TO OUR DISCUSSION ABOUT THE LAUNCH ON THE 8TH! WE KNOW THEY ARE GOING TO START MAKING PAYMENTS BUT I’M NOT SO SURE WE WILL SEE THE RATE INTERNATIONAL UNTIL OZ TAKES CARE OF OZ FIRST, THEN HE WILL LET IT GO TO US! WE SHAN’T BE WAITING LONG NOW MY FRIENDS! OZ TOLD THE TRIGGER MAN AT THE SAFE HOUSE TO JUST RELAX BECAUSE THE CAT IS OUT OF THE BAG NOW FOR SUNDAY,THE 8TH DAY! HE SAID HE WILL TELL HIM WHEN TO PUSH THE INTERNATIONAL SWITCH WHILE FOLKS ARE SLEEPING... [post 2 of 2]
3-6-2015 Intel/Newshound Guru Backdoc ...THE CBI OF IRAQ...SPOKE LOUDLY AND PROUD! THEY TOLD US THEY WOULD DROP THE ZEROS AND RAISE THE VALUE OF THEIR CURRENCY AND THEY TOLD US WHEN! WOW! ...THEY TELL US THEY ARE BRINGING VALUE TO LAUNCH THEIR CURRENCY ON SUNDAY THE 8TH ! MMMM. TODAY THEY DID MORE THAN TELL US WHAT DAY THEY WILL BRING A REAL VALUE TO THEIR CURRENCY, THEY TOLD US THEY NEEDED TO PAY SOME BILLS...THEY SAID THEY ARE SENDING DISBURSEMENTS ON SUNDAY SO THAT IS CONFIRMATION OF A RATE AND THE FACT THAT THE CURRENCY REFORM HAS BEEN ACCOMPLISHED! WITH THE NOTE COUNT NOW SO LOW THEY WILL COME OUT WITH A HIGH SUPPORTIVE RATE AND THEY WILL DO THEIR JOB AS BEING A SUPPORT CURRENCY TO THE BASKET! [post 1 of 2....stay tuned]
3-6-2015 Newshound Guru Tlar ...delete the zeros is the name of this project...it is an event and is an overnight RV at some level...it is a process. The only way the lower denoms could be released is with an immediate increase in value high enough to warrant their release. How many times has the CBI told us that both currencies will circulate for two years since 2010...15, 20? Very, very few articles coming out support a float. More and more continue to support an immediate rate change in value which at almost any rate kills [the] float theory starting at 1166... A good question...Why would they want to bring out a currency at less than its true value. Quite simply they would not. So now with the government firmly behind this project and Maliki not being able to stop or threaten the project or the people at the CBI as he did when he was PM, and with the fundamentals being at least 3x's better than they were in 2008 when the strategic study said that they could support an immediate increase of 1.13 to 1, I ask again, why in the world would they want to start the currency at 1166? I can give you 20 good reasons why they would not, starting with it could potentially damage an already fragile economy struggling to recover.
3-6-2015 Newshound Guru Breitling You're seeing counties taking shots at each other by devaluing their currency and everyone is adding to their money supply…their note count. [China, United States, Vietnam, Russia, Switzerland and the Euro and now Australia] What's the only country we know taking away from their note count? It's that simple. We know what Iraq is doing cause there is no reason to take notes out of the market if they were not going to add value to it…why would they take notes out of the market? Why make those moves? It's very simple…if you know someone is putting gas in a car you know they are going to drive it. You know if someone is taking the engine out of the car you know that car is not drivable.
3-6-2015 Newshound Guru Kaperoni ...delete the zeros is the name for a project, not a single event. If you look at that way...you will realize this is not an overnight RV or some other action...it is a process...and the goal is 1 to $1. The dinar will rise gradually over a period of 2 years or more as stated...with the end result a new currency without the zeros.
3-6-2015 Newshound Guru Enorrste Article quote: "... confirmed an economic expert d. Peace Sumaisem, on Thursday, on the importance of the subject of the deletion of zeros from the Iraqi dinar, considering it as a support of the national currency, and a reduction of inflation in the country. Sumaisem said, in a statement to "Ein Iraq News", "delete the zeros includes two basic objectives, the deletion of zeros, and the restructuring of the Iraqi currency, instead of the $ 100 equals 120 000 Iraqi dinars, after deleting three zeros become a $ 100 equals 100 Iraqi dinars, which is equal to the dollar and the dinar This means strengthening the Iraqi currency." I really get disgusted at the "economic experts" who still don't understand the process. It is a process, not an event...the process involves a change in the exchange rate regime rather than a LOP or an RV.
3-6-2015 Newshound Guru Adam Montana [...if Iraq is going to rv, ri or whatever...AND...the CBI is going to take the 50 dinar notes out of the equation during the two month period of March 1 to April 30 - why should we expect anything to happen before those said 50 dinar notes are out of circulation?] Don't let them fool you. They will move the rate whenever they think it is best for them, and the best time could certainly be when everyone thinks it would be hardest... like right now, in the middle of a 50-note test.
3-6-2015 Newshound Guru Mailman17 ONE OF MY CLOSEST CONTACTS AND A LONG TIME FRIEND WHO I WILL CALL BUBBA FOR NOW...HAS ALSO GONE OVER THE RECENT NEWS AND ARTICLES ESPECIALLY CBI ARTICLES AND WE BOTH CONCUR THAT THE CBI WOULD NEVER HAVE LET THE CAT OUT OF THE BAG AND TELL US IN SHORT THEIR INTENTIONS. THEY ARE READY TO IMPLEMENT ALL MONETARY AND ECONOMIC REFORMS THAT THEY HAS BEEN WORKING ON FOR YEARS AND ACCELERATED SINCE ABADI TOOK OFFICE. IMPLEMENT...NOT PLAN, NOT LOOK AT...NOT LOOKEY SEE, TALK ABOUT OVER COFFEE...BUT IMPLEMENT...ACTIVATE....MAKE IT HAPPEN...NOW. THE NEXT FEW DAYS SHOULD BE VERY INTERESTING...
3-6-2015 Newshound Guru Tlar Article quote: "Sumaisem said, in a statement to "Ein Iraq News", "delete the zeros includes two basic objectives", "the deletion of zeros", and the "restructuring of the Iraqi currency", The article implies that the zeros that are being deleted are not the zeros on the currency. She reiterates that they are going to "delete the zeros" and then "restructure the currency". If this was a move to lop she would definitely have stated it differently. She might have said something like we are going to delete the zeros off the currency. It is understood that if you delete the "leading" zeros off the nominal rate, that it follows you would have to restructure the currency. Phrasing here is very important as it allows us to see inside the project exactly what they are going to do. Of course this assumes she is an insider with accurate information. The way she phrased it, it is an RV only. If it were a float only, again she would have phrased it differently maybe saying something like the intentions are to allow the currency to get to a dollar and when it does we will restructure the currency. She certainly thinks and talks like she is an insider with accurate knowledge of the project, but the question remains she is privy to the actual rate or is just stating this because it has a long time goal of Shabibi's.
3-5-2015 Newshound Guru Millionday Article quote: "...the Finance Committee and an expert in economic affairs the central bank to the need to activate the financial trading by linking the Iraqi dinar to a basket of foreign currencies..." CBI WANTS TO DIVERSIFY THE ECONOMY BY NOT PAIRING WITH THE US DOLLAR BUT WITH THE SDR (BASKET OF CURRENCIES). THE US DOLLAR IS WHAT OIL IS PURCHASED WITH SO THEY WILL USE IT FOR TRADE BUT...PEGGING TO THE SDR WILL ADD STABILITY TO THE EXCHANGE RATE AND MINIMIZE ANY FLUXUATION THAT MAY HAVE BEEN AVOIDED. SOMETIMES ONE CURRENCY IN THE BASKET MAY NOT BE DOING AS WELL AS ANOTHER -- SO THIS WILL HELP EVEN OUT THAT SHOCK WITH THE VALUE OF THE DINAR. IF THE DINAR IS USED IN THE SDR -- THAT WOULD MEAN THEY ARE A VERY STRONG CURRENCY AS WELL. VERY HUGE NEWS THAT WAS -- THEY ARE HEADED FOR INTERNATIONAL RECOGNITION BY PEGGING BECAUSE THAT IS WHAT IT SIGNIFIES. THEY ARE TALKING ABOUT HOW TO COME OUT INTERNATIONALLY AND PREPARING FOR IT.
3-5-2015 Newshound Guru OOTW Article quote: "The country suffers the deficit as Iraq could not support its currency only if it received grants from third parties, and if possible its implementation is important (THE ZEROES PROJECT), reframes the currency indirectly supporting the national currency, and when the currency they restructure will reduce inflation in Iraq." AFTER THIS ARTICLE CAME OUT, I'VE BEEN INUNDATED WITH QUESTIONS ASKING ME IF I BELIEVE THIS IS A 'LOP' ARTICLE - ALL I CAN SAY IS A LOP WILL NOT ADDRESS INFLATION - SHE'S SAYING (IT SEEMS TO ME) THAT THE ONLY WAY THEY CAN SUPPORT THE WORTH OF THE CURRENCY IS TO ASSIGN MORE VALUE TO IT, IF NOT, THEY'LL NEED (ADDITIONAL) LOANS. WHY WOULD THEY NEED ADDITIONAL LOANS WITH ALL OF THE RESERVES, INCL GOLD THEY HOLD, IF THEY WERE NOT GOING TO INCREASE THE WORTH OF THE DINAR, VIA THE PROJECT "DELETE THE ZEROS"?...JIMO
3-5-2015 Intel Guru DC [via Adept1] I’m very excited about many things. Tikrit is looking very successful... The CBI prepped, with some adjustment to rates and now that that is pushed out to the other major banks. The rate has been pushed up a bit. Everyone is ready for this, in the government and elsewhere; they were mainly watching Tikrit and also debating a few other things. But they are ready. Our anticipation is that this gets done in the next few days. Tikrit is going well, everyone is ready, and we are just waiting.
2-5-2015 Intel Guru TNT Tony [via Adept1] On Iraqi television right now they are saying it will revalue in the next few days and it will be the strongest currency in the region. Qi cards got funded electronically, and they have converted the rate... We have been informed that on Sunday their banking system will be able to do wires and transfers in Iraq and internationally. We don’t have to wait until Sunday, but everything will be done when it goes into effect on Sunday. ...all the meetings went well and everyone has been given that green light. Worst case, everyone in Iraq expects this to be done by Sunday when the new banking laws come into effect.
3-5-2015 Newshound Guru Mailman17 DOESNT IT SEEM ODD THAT OF ALL THE BILLS IRAQ IS WORRIED ABOUT IS THE ALMOST NON EXISTENT ONES IN THE ACTUAL POSSESSION OF IRAQIS? LETS FACE IT..THERE ARE BUT A FEW OF THE ACTUAL PRINTED 50'S IN IRAQ. MOST ARE IN OUR HANDS. THEY LOOK AT THE 50 LIKE THE COINS...USELESS AND THEY ALWAYS HAVE FROM DAY ONE. WHENEVER IRAQ NEEDED MORE OF A CURRENCY PRINTED...THEY NEVER DID THE 50. WHAT WAS OUT WAS OUT. BUT...THAT SINGLE DENOM IS ALSO THE ONLY DENOM THAT WILL BE REPRESENTED BY THE NEW NOTES AND IF IRAQ IS TO START A NEW MONETARY REGIME WHICH INCLUDES A NEW BATCH OF NOTES TO REPRESENT THEIR NEW RATE (WHICH I STILL SAY 1-1)THEY NEED TO GET THAT PESKY OLD 50 DINAR NOTE OUT OF THE WAY...THE VERY LITTLE AMOUNT THAT IS PRESENT. THEY NEED THE NEW NOTES TO REPRESENT THE NEW IRAQ AND THAT WILL FINALIZE DE-DOLLARIZATION. WE SHOULD BE ABLE TO CASH IN OUR 50 NOTES AT THE BANKS PENDING IRAQ RELEASING THE NEW RATE ASAP. I OWN QUITE A FEW STACKS MYSELF AND AM NOT WORRIED... LETS SEE WHAT THEY DO IN THE COMING DAYS..JMO
3-5-2015 Intel Guru TerryK IM VERY EXCITED AND LOOKS LIKE THIS RIDE IS ABOUT OVER.
3-5-2015 Newshound Guru Tlar Article quote: "A source in the Iraqi Central Bank, on Thursday, the banks will begin the implementation of remittances to their customers starting next Sunday, noting that it came after the completion of all the procedures and mechanisms by banks." [Is this the same remittance with international banks which it would need internationally accepted currency?] Unfortunately it is not the definitive stopper we are hoping to see. All banks that will be doing remittances are set up to buy USD directly from the CBI under the new mechanism. So far they are just doing the same job that the CBI was doing before the CBI passed this responsibility to these banks. That means the banks will or can send USD on behalf of their clients. So they do not have to have an internationally accepted currency (dinar) to complete this task at this time. The currency they will be sending (USD) is internationally accepted.
3-5-2015 Intel/Newshound Guru Poppy3 IF YOUR REMEMBER DR SHABIBI STATED SEVERAL TIMES IRAQ WOULD HAVE AND CAN SUPPORT THE HIGHEST RATE IN THE MIDDLE EAST AND THEY ARE CONFIRMING AGAIN JUST EXACTLY WHAT HE STATED LONG AGO. BY THE WAY THE HIGHEST IN THE MIDDLE EAST ALSO MEANS THE HIGHEST IN THE WORLD BECAUSE KUWAITS IS THE HIGHEST. THIS IS ALSO WHY POPPY3 HAS ALWAY SAID $3.00 PLUS WILL BE THE INTRO RATE. NOT ANYTHING LOW. LOW RATES JUST WILL NOT WORK FOR THEM TO ACCOMPLISH ANY OF THE THINGS THEY HAVE SAID PLAINLY THEY WILL COMPLETE INTERNATIONALLY.
3-5-2015 Newshound Guru Adam Montana [...do you feel that anything less than a dollar would stop the people from using the dinar and cause a major run on the US dollar? It just seems to me that there a so many resources to justify at least a dollar.] You stated that there are so many resources to justify at least a dollar - I agree, but the reason I propose it will be lower is because they can come out at a dime and then profit on the way up to a dollar via the spread on the exchanges. The CBI makes a profit on every exchange, regardless of which way the dinar goes.
3-5-2015 Newshound Guru My Ladies I THINK 3 THINGS WILL HAPPEN AT THE SAME TIME...THE BIS WILL SAY GO...THE UN WILL MAKE AN ANNOUNCEMENT OF IRAQ HAVING THEIR CURRENCY BACK AND IMF WILL FINISH ARTICLE 8 COMPLIANCES. [But U forgot 1 thing-WHEN?] CRYSTAL BALL IS STILL FOGGY.
3-5-2015 Newshound Guru Tlar Abadi has done a great job in turning the country in the right direction. It is my belief we will see currency change shortly or the country will financially implode.
3-5-2015 Newshound Guru Mailman17 NO WHERE IN HISTORY HAS A NATION RELEASED THEIR NEW DENOMS ONE BY ONE...EVER. THE SMALLS WILL COME OUT TOGETHER INCLUDING THE FILS AND 10 CENTS IS NOT AN OPTION IMO. AS FAR AS THE 50 DINAR NOTE IS CONCERNED...ASSUMING THEY GET A RATE OUT WITHIN THE NEXT WEEK OR AT LEAST WITHIN THE SUPPOSED 60 DAY MARK, I DO NOT SEE CASHING THEM IN AT YOUR LOCAL BANK WILL BE A PROBLEM...ON PAR HAS ALWAYS BEEN THE PLAN FROM DAY ONE. WHEN AND IF THE BUDGET IS TRULY RELEASED, AND FUNDS ARE ALLOCATED, TEN CENTS AND A FLOAT WILL NOT SUFFICE. THEY NEED TO COME OUT STRONG. NOW, IF THEY WANT TO GO BY THEIR ORIGINAL PLAN AND MANAGE A FLOAT FROM A 1-1...THAT IS VERY POSSIBLE. IRAQ HAS A GREEN LIGHT AND I SEE THEM LAYING RUBBER WITH THEIR ECONOMIC AND MONETARY PROBLEMS IN THEIR REAR VIEW MIRROR...JMO.
3-5-2015 Newshound Guru Adam Montana [Once currency is international, won't most banks exchange it?] Once the currency is international, you are correct, most major banks will be exchanging it. [Is there a scenario, in your opinion, where Iraq would NOT honor any dinar outside of their country?] Yes, but it's more complicated than that. Iraq doesn't actually do business "outside" of their country. Every exchange happens at the head desk of the CBI. If they want to move up in the world, they will raise their exchange rate and start doing business with the major world banks.
3-5-2015 Newshound Guru Millionday Article quote: "Said the Iraqi Central Bank, on Wednesday, he has a tendency to increase gold reserves basket, stressing that he shall move the basket almost daily." CBI WILL BE ADDING TO GOLD RESERVES VERY OFTEN TO SUPPORT THE VALUE OF THE DINAR. THEY HAVE HUGE RESERVES TO HOLD THE VALUE OF THE DINAR -- THAT IS WHAT RESERVES ARE FOR -- HARD BACKED VALUE AND CONFIDENCE IN THE CURRENCY. Quote: "...the CBI independent bank under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies..." THEY ARE REMINDING ONE MORE TIME THAT THEY ARE INDEPENDENT AND ALSO HAVE THE ABILITY TO SET THE EXCHANGE RATE.
3-5-2015 Intel/Newshound Gurus My Ladies & NOVA NO ONE IN IRAQ HAS BEEN PAID ANYTHING. IRAQ HAS NOT ADOPTED A CURRENCY YET. THEY CAN NOT ADOPT 1166 WHICH IS A PROGRAM RATE AND USE IT TO FULFILL THE OBLIGATIONS IN THE BUDGET. IF WE SEE IRAQ PAY ANYONE AT 1166 THIS WILL SIGNAL THEY HAVE ADOPTED 1166 AS AN OFFICIAL RATE AND WE CALL IT GAME OVER. SO NO ONE GETTING PAID = GOOD FOR US. ARE WE CLOSE TO THE END? YES WE ARE, BUT NOT BECAUSE WE SAY SO BUT BECAUSE THE CBI AND THE GOI SAY SO.
3-5-2015 Newshound Guru Tlar Article: "the file to delete the zeros of the Iraqi currency is put into effect, and the World Bank gave the green light to implement it." It occurs to me that if they can get it done before March 31st, the end of the first quarter, their accounting system can still be made retroactive back to the first of the year. For accounting purposes, I would think March 31st or anytime before would be the best time to do this for the CBI as they themselves have stated a number of times. There has been no intel other than the bond issue I reported on 2 weeks back. It was reported back then that the bonds were being held up and that Iraq would be back and sign the agreement, providing a new rate before they would actually commence sales of these bonds. Everything seems to be lining up nicely. Here's to hope 3-4-2015 Newshound Guru sczin11 I THINK WE ARE IN A VERY GOOD POSITION RIGHT NOW...I AM A BELIEVER THERE WILL BE NO FLOATS, AND THAT THE ORIGINAL IMF REPORT STATED $3.22, + 20% INFLATION, AND WITHIN 50 CENTS OF KUWAIT...I AM LOOKING AT $3.86-4.25.
3-4-2015 Intel Guru NOVA OIL EXPORTS STAYING HIGH AND NOTE COUNT STAYING LOW IS WHAT DEMANDS THE EXCHANGE RATE EVERYONE WANTS.
3-4-2015 Intel/Newshound Guru Backdoc I CANT SEE THEM COMING OUT WITH A RIDICULOUS RATE WHICH WOULD DESTROY THE CURRENCY VALUE AFTER PULLING THE MAJORITY OUT... WHY WOULD THEY PULL OUT THAT MUCH CURRENCY ONLY TO INJECT A BUNCH AT .10? CRAZY. THE RATE MUST BE HIGH. I BELIEVE THE RATE WILL BE HIGHER THAN MOST THINK. I THINK IRAQ HAS TRIED TO BE VERY EVASIVE ON THE GOLD AMOUNTS THEY NOW HAVE... IF OIL DROPS OR JUST STAYS LOW IRAQ WILL NEED A HIGHER RATE.
3-4-2015 Newshound Guru Millionday "Iraqi Central Bank announced in May 2012 that the process of deletion of zeros from the country of Iraq will be transferred to the trillions of billions, indicating that the process of replacing the currency needs to be approved by parliament." THIS MEANS THAT IT MAY TO TAKE ONE OR TWO YEARS TO COMPLETE. [does this mean we may not see any change in rate for at least a year or two?] NO THIS MEANS THAT IT MAY TAKE ONE OR TWO YEARS FOR ALL OF THE THREE ZERO CURRENCY TO MAKE IT BACK TO CBI. [Do you think that the removal of the 50s was the start?] YES I THINK IT WAS THE FIRST STEP... THE REASON THEY GAVE FOR THAT MOVE WAS TO LESSON CONFUSION FOR THE DELETION OF THE THREE ZERO CURRENCY. THE REMOVAL OF THE THREE ZERO CURRENCY IS A NEED FROM LACK OF USE DUE TO A CHANGE IN PRICES THEY MUST BE DOING -- IF THEY DONT NEED THEM THEY WILL REMOVE THEM IMO.
3-4-2015 Newshound Guru My Ladies HCL IS FINISHED AND IN THE BUDGET...THE BUDGET IS PUBLISHED IN THE GAZETTE ...THERE ARE 50 PAGES PUBLISHED INCLUDING GRAPHS AND CHARTS. ...10 - 30 CENTS WILL NOT WORK...COMMON SENSE DOES NOT WASH WITH THOSE NUMBERS. WHEN THE BANKING SYSTEM GOES LIVE IT GOES EVERY WHERE, THERE CAN BE NO PRICE FOR THIS HERE AND PRICE FOR THAT THERE, IT JUST DOESN'T WORK. ...ARTICLE WE SAW LAST NIGHT...THE CBI SAYS THE DINAR WILL RISE TO STRENGTH IN THE COMING DAYS AND I THINK WE ARE EVER CLOSER TO THIS HAPPENING. THIS IS A COUNTRY REBUILDING ITSELF FROM DUST, THIS IS A CURRENCY COMING OUT WITH SOME HEAVY RESPONSIBILITY...THINGS ARE MOVING VERY NICELY. IN TWO OCCASIONS THE GOI AND THE CBI HAVE TOLD US IN THE COMING DAYS IRAQ WILL RISE.
3-4-2015 Intel Guru TerryK SO WE READY FOR THIS TO HAPPEN TONIGHT OR TOMORROW. IM SEEING ALOT OF GOOD ARTICLES AND HEARING WONDERFUL THINGS. NOW I WILL TELL YOU THE FLOAT THING WILL ONLY HAPPEN AFTER THE RI / RV. IT IS NOT GOING TO FLOAT FROM 1166. SOME CAN THINK THAT... IM TELLING YOU IT IS NOT GOING TO HAPPEN THAT WAY.
3-4-2015 Newshound Guru Adam Montana 3. Here's the real silver lining. Since this was announced, have you seen any kind of pandemonium or an irregular blast of news about the ISX dropping or pillaging and plundering because of a Great Depression coming to Iraq? No, you haven't. And that's because axing the 50s isn't a major negative... in fact, it has more upside than most people realize. On that note, I'll wrap up...by mentioning that I am VERY anxious to get some HCL news. There is a lot going on right now, and hopefully that can all play out in the next week or 2, then we can have some HCL news. [post 3 of 3]
3-4-2015 Newshound Guru Adam Montana My thoughts on this are pretty straight forward. 1. No need to panic. A 50 dinar note is worth a nickel right now, so this is a perfect way for the CBI to do such a "practice run". If you're heavily invested in Iraqi nickels, my condolences to you... if that was my situation, I'd be looking for a dealer that will trade them, or I'd keep them as souvenirs. 2. I STRONGLY doubt that they plan on doing the same thing with the larger notes, but even IF they do, I understand that we are going to have a lot more options for exchanging. The game changes drastically when you switch from nickels to hundreds! Again... no reason to freak out... [post 2 of 3....stay tuned]
3-4-2015 Newshound Guru Adam Montana ...regarding the 50 dinar notes being squashed by the CBI...For most of us, this isn't a big deal when it's related to our actual physical holdings. But it IS a big deal when you apply this situation to what we expect to happen when the CBI pulls the BIG trigger. When a country changes value or actual notes, they can choose to let the old notes run at the same time as the new notes, or they can implement a "cash in" time. This is completely arbitrary - they can say 10 days, 10 weeks, 10 years, or whatever they want. In this situation, the CBI appears to be doing a "trial run" on the cash-in time. I always thought they would give us a minimum of 90 days, but with the 50 notes, they basically did a ~45 day cash in timeframe. Get your 50's turned in within that timeframe, or they are worthless. [post 1 of 3....stay tuned]
3-4-2015 Intel Guru Frank26 ...the CBI gave the green-light to lift the 3 zeros from the exchange rate. WOW!!! The article is NOT an opinion piece from an economist. Verified...confirmed...Seriously...this is a monumental step!!! The MR for the IQD has been done in 4 stages. We believe we are in the final stages right now. I believe we are going to see the process speed up as we head towards March 14th of this month.
3-4-2015 Intel Guru Delta we have several sources confirmed...this CBI article is for real...100% original fact! This is what we’ve been waiting for! This is amazing! Wonderful confirmation...right from the horses-mouth...this was the announcement from the CBI. The first thing they are going to do is increase the value of the IQD...and gradually introduce the lower denoms. We believe that everything is done. We should/must see the new rate from the CBI in the next 24/48 hours...because of the distributions of the budget. Based on what we see...the budget...and what the Kurds got...the starting rate...could come up at 10 cents...I don’t see the rate coming out higher than 30 cents. Between 10 and 30 cents. We may not have to wait for 2 years to see the rate go higher. Free float may drive it up. We believe they are about ready to pull the trigger.
3-4-2015 Intel/Newshound Guru tman23 Here is some factual news I will share...They are distributing Qi Cards out of country through the Iraq Embassy...And to cut to the chase...1 million IQD had a ATM show the balance available as $678 USD. The ATM was in AMERICA...There are a selected few that are working being part of a beta phase pre se'...They are working on opening distribution in America ...I don't look at the Qi Card for a rate but more so the banks and the process of clearing payments...International!
3-4-2015 Newshound Guru Millionday IT APPEARS THERE IS ALOT GOING ON AND I AM EXCITED. THE BEST PART IS THE COORDINATION OF THE CBI AND PRIVATE BANKS. THIS MY FRIENDS MEANS THE CURRENCY WILL BE SOLD AT --- SUPPLY AND DEMAND -- A MARKET ECONOMY DEFINITION. [do I understand they will continue selling their currency in supply and demand?] THEY WILL BE SELLING IT ONLY UNDER A MARKET ECONOMY STAGE OF SUPPLY AND DEMAND AS WITH MANY OTHER COUNTRIES... WE ARE SEEING NORMALCY.
3-4-2015 Intel/Newshound Guru Poppy3 NO OFFICIAL FROM ANY AGENCY THAT HAS ANYTHING TO DO WITH ANY RATE HAS EVER SUGGESTED A LOW RATE? PERIOD. IMF SAID AND APPROVED AND POSTED ON THEIR WEB SITE IN OCT 2010 THEY APPROVED $3.22 CENTS PLUS UP TO 20% FOR INFLATION AND ALL THAT HAS CHANGE FINANCIALLY SINCE THEN...THEY HAVE ALMOST DOUBLED THEIR FINANCIAL RESERVES. AT LEAST 10 TIMES CBI OFFICIALS HAVE TALKED CLOSE TO KUWAIT RATE BUT ABOVE AND THEY ARE AT $3.50 PLUS.
3-4-2015 Newshound Guru Breitling [Is it safe to assume that if the process to retire the 50 dinar note will take till the end of April that the dinar won't change in value during the process of exchange, therefor our next window won't begin until the process is complete?] Nope has nothing to do with it…the float could start today. It could have started 2 years ago. It's always been on the table that they were going to revalue at a small rate and then float from that point or float from the rate we are at right now…it will float from 1166 dinar on up. Can they come up with 5 or 6 cents or 10 cents? Sure! Because they reduced the note count so much…the language they are using is they want to float it from the rate that it is and that's basically what they've told us...
3-4-2015 Newshound/Intel Guru BGG On Tuesday the CBI gave the green light for the "delete the zeros project". This is the best news of the dinar decade. There has not been any news better than that in print. For the CBI to talk about this publicly, for us investors, it is huge news because the deletion of the 3 zeros project is in some form or fashion a shift in the value of the currency. It's going to take something to get those notes out of the marketplace. There's really no reason to take those notes out of the marketplace. This is a huge step forward for the investment and let's hope they move forward quickly & hope they implement it in short order. I think they will. There is conversation in the guru realm about the $.10 mark. I am not as concerned about the number as I am about the "when" and I think it's not impossible to believe it will start a lot lower.
3-4-2015 Newshound Guru sczin11 [do you know of an article which states a 25k will equal 25 'only' in country?] HAVE NEVER SEEN AN ARTICLE LIKE THAT IN OR OUT- ...HAVE SEEN NOTHING ON A LOP...IT IS ALL INTERPRETATION ON "REMOVING THE ZEROES" OR " DELETION OF ZEROES". WHY WOULD THEY NEED 2 YEARS TO LOP?
3-4-2015 Intel Guru TD Monday's Central Bank's announcement of the "green light" being given of the deletion of the zeros program is the Abadi's stamp of approval of the steps and mechanics preceding the start of this program. Now Parliament must also vote and approve the contents of this study. In addition the "regulatory" parts refer to the banking and investment laws still needed to be passed. Also gluing the country's banking system is needed before implementation can begin. As was stressed in the release the ongoing priority of "security and stability" as priority steps before the country can initiate the monetary reforms it wants to do. There is growing optimism that the Iraqi army can and will launch successful military offensives to defeat ISIS here this spring and summer and therefore regain lost cities and begin the economic programs countrywide. Can they initiate the deletion of the zeros program still this year (late this year?) . Conditions on the ground will dictate that. Lastly, they once again spelled out very clearly the true meaning of what "deletion of the zeros" truly means when the article said that the program will bring the country's notes from "trillions to billions". That confirms that it means LOP. Plain & Simple!
3-4-2015 Intel Guru TerryK DONG WILL COME OUT AT THE SAME TIME AT 1.09 - 1.39. WILL STAY STRONG ...MAYBE GO TO FREE FLOAT WILL HOLD FOR 6-8 WEEKS THEN MAY CAP AT OVER 2.00. 4. ZIM IS DROPPING 6 ZEROS IN THE MORNING [WEDNESDAY] IF THEY HAVE NOT DONE IT ALREADY AND WILL THEN COME OUT AT .15. THAT’S FOR THE TRILLION NOTES AND BILLIONS. THE MILLIONS THEY ARE DOING SOMETHING BUT CAN’T FIND OUT WHAT. SMALLER BILLS WILL BE LEFT ALONE. SINCE THEY HAVE LIKE 24 DIFFERENT BILLS I HAVE NOT LEDGEND WHAT THEY ARE GOING TO DO IF ANYTHING. SO NOW YOU HAVE IT...RATES AND DATES AND A LITTLE WHY BEHIND THE PICTURE WHY IT HAS NOT GONE YET. [post 2 of 2]
3-4-2015 Intel Guru TerryK HERE IS WHAT I WAS TOLD TODAY...4 SOURCES. 1. WE ARE TO SEE THE RV THIS WEEK...NO DOUBTS...
MAYBE...(2) AM WED MORNING...I DOUBT THAT ONE...BUT HAS LEGS. 2. MOST LIKE THURSDAY NO LATER. RATE BEING TOLD IS 3.90. THE HOLD UP WAS...CBI WANTED SUCKER RATE. IRAQ GOV SAID NO WE HAVE TO MANY COMMITMENTS WE NEED 3.90. IT WAS AGREED TODAY. 3. IRAQ WILL COME OUT AT 3.90 AND HOLD FOR A FEW DAYS TO A WEEK THEN IT WILL CLIMB PAST 8.00 NO MORE THAN 9.79. IT WILL HOLD FOR MAYBE A WEEK OR TWO THEN DROP TO WHATEVER RATE KUWAIT IS AT PLUS .50. [post 1 of 2....stay tuned] 3-2-2015 *** Dinar Guru NEWS FLASH *** The CBI has announced the 50 dinar note will be retired and worthless after April 30th. This means if you have a significant number of 50 dinar notes you MUST exchange them by then or lose their value. Most online brokers are offering exchange procedures...do your research and pick the one that works best for you. Read the guru updates from the 28th and 1st to see how the gurus feel retiring the 50's effects the overall dinar investment...Guru Breitling's posts offer a very interesting perspective. Stay tuned as more light is shed on this BOMBSHELL of an announcement by the CBI...
3-3-2015 Newshound Guru Aggiedad77 Article: "New mechanisms for auction currency in the Central Bank" The CBI governor spoke today and declared there is no decline in hard currency in Iraq today and there are no worries in this direction...the IQD is COVERED AT 150% BY HARD CURRENCY...strong words...that we've heard several times...words that convey a surety of things to come...and he did say there is no longer a daily auction window.
3-3-2015 Intel Guru EXOGEN LOOK FOR THE RI/RV, LIBERATION OF TIKRIT, DELETION OF ZEROES, HCL, IRAQ BEAT THE BAD GUYS NEWS TO ALL TAKE PLACE SIMULTANEOUSLY.
3-3-2015 Intel Guru Delta CBI announcement about the 50 IQD note...surprised everyone. It’s not a bad thing. The Iraqi coins and the 50 dinar note has never been popular in Iraq. (Equivalent of 4 cents USD - at the 1166 rate). IMO, the rate is going to come up around 10 cents. So many indications showing that. The reason...if you do it at 10 cents...the 500 dinars would be equivalent to around 50 dollars. Because Iraqi’s use a lot of US currency there is going to be a lot of confusion in the marketplace with this 50 and the 500. You hardly see 50 dinar notes in Iraq. Most people who hold 50 IQD notes are investors outside of Iraq. About 90% of those 50 notes are outside of Iraq. People have 2 months to redeem 50 dinar notes. The CBI knows exactly what they have outside of Iraq. Most people won’t bother to cash-in the 50 dinar notes because they are only worth about 4 cents.
3-3-2015 Newshound Guru sczin11 IMHO, MONETARY REFORM CONTINUES ... SMART CARDS FOR MANY PENSION RECEIVERS, WENT LIVE TODAY... DELETION OF THE ZEROES PROJECT WAS GIVEN THE "GREEN LIGHT" BY ACTING GOVERNOR OF THE CBI, TODAY...TAKING 2 YEARS TO REMOVE THE NOTES FROM THE STREET IN IMF STANDARDS AND PROTOCOLS...TARIFFS AND TAXES SUPPOSEDLY BEING IMPOSED, NOW...THEY ARE NECESSARY AS PER THE BUDGET, IN ORDER TO REDUCE THE BUDGET DEFICIT...THEY CAN NOT AFFORD TO DELAY THE IMPLEMENTATION/COLLECTION, OF THESE VERY INTEGRAL REVENUES, IN ORDER TO BALANCE THE BUDGET...THE 50 DINAR NOTES COMING IN ALREADY...NO VALUE NOW, BUT WITH A SIGNIFICANT CHANGE IN VALUE, THEY DONT HAVE THE NECESSARY SECURITY NEEDED TO COMPLY WITH THE INTL REGULATIONS AND STANDARDS FOR ANTI MONEY LAUNDERING AND COUNTERFEITING, THAT ALL THE OTHER DENOMS POSSESS...DE-DOLLARIZING HAS BEEN PROGRESSING...MAINTAINING STABILITY OF THE IRAQI DINAR HAS BEEN A PRIORITY...FOLKS...THERE IS A PLAN, IT IS IN PROCESS, WE DON'T HAVE A CHECKLIST...BUT, WE ARE A PART OF IT!
3-3-2015 Newshound Guru Aggiedad77 The news is full of green lights ...PM Abadi has even been given a green light by the COM to do some things to the budget, this is probably why the delay in us seeing the budget...looking for laws associated with the budget still...but am starting to believe they may show up when the budget is completely unveiled to the world...DAASH is taking a pounding from the air and now from land in the Salahuddin province and specifically Tikrit...so says the news...
3-3-2015 Intel/Newshound Guru tman23 IMO, PM Abadi has what he needs...The Currency Reform Board at the CBI has what they need...Barzani last week borrowed 500 million dollars from Turkey to pay salaries and is in Italy cutting more deals...The Kurds had said they will not open their economy dealing with 3 zero accounting...Abadi told his Ministers to prepare to resume work in the liberated areas...The CBI has given the green light...For what we are interested in...CURRENCY VALUE... Forget about Parliament...they are now riding in the back seat of the RV vehicle.
3-3-2015 Newshound Guru sczin11 [ISN'T THE ISX SUPPOSED TO DO SOMETHING ON MARCH 5TH...?] MORE MISUNDERSTANDING OR MISINTERPRETATION...ISX HAS BEEN OPEN SINCE 1/11/15.
3-3-2015 Intel Guru Frank26 Article quote: "delete the zeros existing project and we have given the green light for its implementation announced the Governor of the Central Bank" It is a GREEN LIGHT...Given by a GREEN ZONE effort that history will never show. They are READY...Well alright alright then ...Let's Roll! I like numbers ...31415.
3-3-2015 Newshound Guru Enorrste Article quote: "Governor of the Central Bank announced...on Tuesday, the deletion of zeros existing project, as pointed out it was given the green light for its implementation..." I am literally "tickled pink" at this announcement. We get a green light on starting the process and, in the same article, a statement that it will take up to two years to implement. That means that a LOP is out of the question and that the float will begin shortly, in my view. I can't wait to see the first tick up on the official rate!
3-3-2015 Intel Guru Delta ISX – finished testing the system...waiting to go...waiting on the rate...waiting for the feed to go Int’l. Qi Card – they said by the middle of March...they will start distributing the money. They have a global contract with MasterCard. You cannot do business with MasterCard unless your currency is international (Article 8 compliance). ...they cannot implement taxes...which were supposed to go on the 1st...without a better rate. They said by the end of this month – the market economy will “kick-out”. Everything is lined up very nicely. We don’t care about the rate because it can come out at 10 cents and free-float from there. We are expecting something big to happen! All indications are that we are very, very close. [post 2 of 2]
3-3-2015 Intel Guru Delta [via Frosty the Snowman] They are not going to delete the 3 zeros right away. Based on Abadi’s statement the rate could come out around 10 cents and free float over the next 3 or 4 months. Not sure. If the CBI increases the value to 10 cents they can bridge the gap in the budget with the revaluation. The meeting that took place about 24 hours ago between the acting financial committee and the acting governor of the CBI...talked about the deletion of the zeros. They talked about a lot things...and we don’t have a lot of details but it appears that the CBI is about to pull the trigger. They don’t know exactly when but the financial committee knows that when they are ready...in the next 24-48 hours the ministries will start the distribution of the money. Very powerful confirmation. They might drop the 2 zeros and come up with about 10 cents. IMO -- It will start from there. [post 1 of 2....stay tuned]
3-3-2015 Intel Guru Frank26 [via Frosty the Snowman] Article: “Parliamentary Finance hosts the Governor of the CBI and looking him Cancel zeros from currency.” ...looking for ways to cancel the 3 zero’s on the Dinar. Good clarity...no confusion about this article. Abolish the 3 zero’s! They are going to raise the value of their currency. The evidence is pouring in daily. The GOI and CBI are doing this together. We told you the budget is not yet for your eyes ...give it at least 2 weeks because a lot of little things are still being done. Will it take another 2 weeks? I don’t know. The reinstatement of the value of the dinar will be done “electronically” – and so will be the budget. There is a reason why the budget isn’t opened up yet. The price of oil is one of them. We were looking on March 1st for the laws. They are in position but not approved (yet). Once we see the budget opened (exposed) you will see a bunch of information. IMO – we are very close to seeing the MR of the IQD.
3-3-2014 Newshound Guru Breitling Is it possible the CBI is pulling the 50 dinar note to replace it with the 25 and 100 coins? No! They are supposedly going to mint coins mixed with precious metal…they are not going to mint coins with a precious metal at a tenth of a penny. What happens to those 50 dinar notes? There is a certain amount of wealth …and there is a certain number of notes that represent that wealth. If they pull notes out of the market that same wealth is still there and it's got to be represented by what's left over. And it goes in reverse if they add [notes]…
3-3-2015 Intel/Newshound Guru Poppy3 KEEP IN MIND THINGS CHANGE GOOD AND BAD IN IRAQ IN MINUTES. ALL INFO STILL SHOWING THEY ARE IN A HURRY AND KNOW WHERE THEY NEED TO BE TO BECOME GLOBAL AND HAVE SHOWN NO SIGNS OF SLOWING DOWN IN MEETING THEIR GOALS AS FAST AS POSSIBLE. I HAVE SEEN THEM NO LESS THAN 10 TIMES IN THE LAST TWO MONTHS...SAY THEY ARE NOT COMING BACK FOR DAYS OR WEEKS AND DO YOU KNOW HOW MANY DAYS THEY HAVE TAKEN OFF ---- ZERO --- THERE HAVE BEEN COMMITTEE MEETING S EVERY DAY PERIOD.
3-3-2015 Newshound Guru sczin11 TODAY [MONDAY] THEY ANNOUNCE THEY WILL BE LOADED FOR USE TOMORROW [TUESDAY]...INTERESTINGLY, NOTHING STATING INSIDE AND OUTSIDE OF COUNTRY...LEFT TO OUR IMAGINATION...IF THE CARDS ARE LOADED TOMORROW [TUESDAY] IN SAUDIA ARABIA ETC.. IT WOULD MEAN TO ME THEY ARE INTERNATIONALLY RECOGNIZED... PLAIN AND SIMPLE. AND IF THAT HAPPENED, AT 1166, THE COUNTRY WILL IMPLODE...IMHO...THERE IS NOT ENOUGH DINAR IN THEIR COUNTRY TO MAINTAIN STABILITY AS THEY CLAIM THEY WILL HAVE NO PROBLEM DOING. THEY WOULDNT BE ABLE TO REDUCE BUDGET DEFICIT WITH TARIFFS AND TAXES, AS THE AMOUNTS THEY WOULD RECEIVE WOULD BE NEGLIGIBLE...WOULDNT HAVE A SIGNIFICANT IMPACT ON THEIR DEFICIT. [post 2 of 2]
3-3-2015 Newshound Guru sczin11 SINCE THE RAISING OF THE VALUE OF THE IRAQI DINAR, HAS LITTLE DIRECT BEARING ON THE CITIZENS OF IRAQ, I DO NOT THINK THE SALARIES, OR MONIES SENT BY BAGHDAD TO KURDS IS A SIGNIFICANT EVENT TO MONITOR... THE BENEFIT TO THE CITIZENS WILL BE THE PURCHASING POWER OF THE COUNTRY...MORE CURIOUS TO ME IS, THEY HAVE BEEN ANNOUNCING FOR THE LAST 30 DAYS OR SO, THE RELEASING OF PENSION MONEY ONTO THE SMART CARDS, TO BE USED "INSIDE AND OUTSIDE" OF THEIR COUNTRY...OVER THE WEEKEND WE SAW, THEY WERE GOING TO RELEASE IN NEXT FEW DAYS, IN 4 COUNTRIES... LEBANON, JORDAN, UAE, AND SAUDIA ARABIE, I THINK... [post 1 of 2....stay tuned]
3-3-2015 Newshound Guru Millionday CBI HAS BEEN ASKED TO MAKE THE CHANGES FOR THE STOCK MARKET...THERE ARE MANY CHANGES THAT HAVE TO OCCUR FOR THE REFORMS AND THEY ARE IN THE MIDDLE OF SHIFTING CBI TO THE PROGRAMS FOR THE PRIVATE SECTOR. THIS IS THE BEGINNING OF THE MONETARY POLICY - WHOOPOW. THIS IS A HUGE STEP TO MOVE FORWARD FOR THE IRAQI REFORMS. THE MOVE NOW IS TO ACTIVATE ALL ECONOMIC LAWS. [THEY ARE TOLD TO ACTIVATE, DO THEY HAVE A TIME FRAME TO DO IT IN?] THEY ARE IN THE STAGE NOW TO ACTIVATE. [Did they activate the smart cards yet?] NO ACTIVATION YET. [...is the HCL finalized... ?] THEY MET ON IT YESTERDAY AND HAVE REACHED AN AGREEMENT. THEY ARE PREPARING EVERYTHING TO MOVE FORWARD WITH REFORMS AND ALSO WITH THE MARKET ECONOMY. 3-2-2015 Intel Guru MarkZ I know many are wondering what happened this time, why is it Monday and we do not have this finished yet...None of us, even the VERY connected will nail the timing. The event is designed that way for safety. On the positive side we still have great progress... Are we close? I think so, I am told so but at the same time I am still looking for an event or two before I let myself get all giddy. In the sandbox they look to be poised more for a RI and a float than a true RV. My best advice is just to buckle up, grab your popcorn and watch closely as we progress.
3-2-2015 Intel Guru TerryK I WAS TOLD... WE WOULD SEE THIS WED OR THUR MORNING. BLAME IT ON IRAQ...THEY POSTED THE HCL IN THE GAZETTE AND IT WAS NOT FULLY AGREED UPON WITH THE KURDS...3% DIFFERENCE FROM WHAT WAS POSTED...KURDS 14% NOT 17%. SO MY UNDERSTANDING THAT IS TO BE COMPLETED TOMORROW AND OFF TO THE RACES WE ARE TO BE GOING. IT WILL BE TAKEN CARE OF...A MIS UNDERSTANDING.
3-2-2015 Intel Guru TNT Tony [via Adept1] Everything has been completed. IN the US everything is done. The military did get paid at the new revalued rate, all the way back to January. The Iraqi citizens know that, and they are waiting to get their own checks and cash. All the merchants know it as well. They didn’t want to do this as the initiative started in Tikrit, on the day they started taking back the city. [You said the Iraqis are waiting for the right time. There will never be a perfect time because there is always something going on.] It will never be perfect, so they will choose the time with the best advantage for them. The taxes and tariffs are already in effect, and they have paid their military for the last two months. The people are now waiting to go to the bank. Rates were changed, and they are on screens all around the world... Everything is done, and this is about to get real. I do believe there is a plan for this to go out this week. We are just waiting for a flip of the switch.
3-2-2015 Intel Guru DC [It’s been mentioned a few times that they are trying to clear out these large bills. Is there any chance that the people who don’t want us to have this will leave us hanging, that we cannot exchange these large bills?] It’s a very faint possibility. Those who have exchanged, especially since 30. October or with SKRs, if they were able to exchange and make a ton of money and the rest of us cannot, that will cause all sorts of troubles. I think that is insurance on that. All the major banks are ready to go through and this is a massive stimulus for the economy. The five million in this are an essential part of the plan to stimulate the economy and the oil credits. We are part of the plan, just the last to get off the bus. Many get worked up about this, and because this is wildly speculative investment, it invites a lot of conspiracy-minded people. But we are part of the plan and we are going to be paid. [post 2 of 2]
3-2-2015 Intel Guru DC [via Adept1] Iraq got up to the plate on Saturday night, lined up and ready to go, and they had a meeting about the RV, taxes, customs rules and enforcement ready to go on 1 March. They agreed to keep the tariffs and customs rules in place, and not to restart the auctions, but to hold off on the public side of the RV. They are holding off on who can exchange in Iraq for a few days. The tariffs are in place throughout the country. They decided several things in that Saturday meeting, and we have some confirmation on one of them. Abadi and his Council of Ministers decided that it would be better to take back a part of Iraq, Tikrit? That might take weeks or even a few months. They don’t need to have the entire town be re-taken, they just need some wins on the board. That was not part of the equation until Saturday night. The RV is absolutely part of their military plan. They want to announce it at the end of the military action, not the beginning. We may have to wait a few days... It will happen when Dr Shabibi gets comfortable. I know this is not the news you wanted, but this is another step towards this being done. [post 1 of 2....stay tuned]
3-2-2015 Newshound Guru Aggiedad77 Article quote: "Iraqi Oil Minister Adel Abdul-Mahdi, said that his ministry will ask the government to issue treasury bonds (Treasury) worth $ 12 billion broadcast reassuring foreign oil companies that will reach their dues by the end of this year to 27 billion dollars." How can the government issue $12 billion dollars in treasury bonds today payable at the end of the year for $27 billion dollars unless they have a currency at the time that will allow such a gain to be made...HUGE HUGE news...add this to the contracts they work under that were set in place in 2009 and 2010...remember those days old timers...that would complicate the apple carts for them...to say the least...but am still working those bond numbers...incredible.
3-2-2015 Intel/Newshound Guru Poppy3 ...CAN NOW SHED MORE LITE ON MY GOOD NEWS I AM EXCITED ABOUT. I WAS TOLD IN THE FINANCE MEETING THIS MORNING THAT THE ARGUMENT WAS ABOUT A RATE THAT IS BEING ASK FOR AND DISCUSSED TO DEAL WITH THE VALUE OF DINAR AND THAT RATE IN DISPUTE IS IN THE $3.90 CENT RANGE. THE ARGUMENT IS THAT THE OIL MINISTERS ARE WANTING A HIGHER RATE AND THE CBI IS ARGUING TO BEGIN AT A MORE NOMINAL MEDIAN RATE BUT THE OIL MINISTER SAYS THEY CAN'T MEET PAYMENTS TO THE PRODUCERS WITHOUT THE HIGHER RATE. NOTHING HAS BEEN SETTLED AND IT IS GOING TO REQUIRE MORE DISCUSSION. THEY ARE LOOKING FOR MIDDLE GROUND AND THE WAY TO ACCOMPLISH WHAT BOTH NEED...MEETING NEEDS AND REMOVING THE THREE ZERO'S WITHOUT CAUSING UNCONTROLLED INFLATION. THIS IS EXCITING NEWS TO ME BECAUSE WHAT WE NEED THEM TO DO IS FRONT AND CENTER AND THEY ARE IN A HURRY.
3-2-2015 Intel/Newshound Guru Poppy3 ...NO RV YET BUT CLOSER THAN EVER AND COMPLETELY A FOREGONE CONCLUSION ITS JUST AROUND THE CORNER. I AM SO HAPPY TODAY AND IF YA'LL KNEW WHY YOU WOULD BE FULL OF JOY ALSO.
3-2-2015 Newshound Guru tlm724 Article: "Parliamentary Finance searching with the Governor of the Central Bank of the issue of the Iraqi dinar and the abolition of zeros" we have several diff source articles for this...basically all the other articles are saying the same thing...lets have a talk about getting rid of the zero's. you all do realize how fast things are happening don't you? I am talking about the fact that we are smack dab in the middle of the currency reform.
3-2-2015 Newshound/Intel Guru BGG the one thing our Baghdad contact has maintained is Baghdad needs money to fight ISIS. Period. He felt like one of the main ways to get it was via currency reform - ''removing the 3 zero's"... it seems a little early to me based on the press releases over the last few days - but what do I know?? This is an emergency.
3-2-2015 Intel Guru Hocus Pocus [via Guru Jester] NO CHANGE OVER THERE... BUDGET NOT IN THE PAPER... THEY ARE STILL OPTIMISTIC AND THE NEWS FEED SAYS SOON THEIR MONEY WILL BE WORTH MORE... SAME INFORMATION WE HAVE BEEN GETTING FOR A WEEK.
3-2-2015 Newshound Guru My Ladies DINAR LAND THINKS THE OPPOSITE, THEY THINK LAWS NEEDS TO COME FIRST, AND SALARIES ARE PAID THEN WE ARE NEXT, BUT NO, NO NO NO NO NO, YOU CAN NOT DO THINGS IN REVERSE LIKE THAT, BASIC BANKING PRINCIPLES. IF THEY GO INTERNATIONAL AT 1166 THEY ARE NOT GOING TO "RV" OR "RI" AFTER THAT. THE SYSTEM DOES NOT WORK LIKE THAT. IF THEY GO INTERNATIONAL AND PASS LAWS AND PAY SALARIES AT THE IMPOSED RATE THEN THEY HAVE DEFIED ECONOMICS AND WE ARE IN FOR ANOTHER 10 YEAR WAIT. WELL 5 AT LEAST BECAUSE THAT IS WHAT THEY SAID THEY NEED TO FINISH THEIR MONETARY REFORM. WE ARE STILL IN THE GAME AS OF TODAY. [post 2 of 2]
3-2-2015 Newshound My Ladies THE WAY I SEE THINGS AS LONG AS NO LAWS REQUIRING FUNDING ARE PASSED AND NO SALARIES ARE PAID, AND NOTHING IS HAPPENING CAUSING IRAQ TO CROSS BORDERS WE ARE OK. YES WE ARE STILL WAITING, BUT WE ARE STILL HOPEFUL THE WAIT IS SHORT. NOW IF WE SEE MONEY MOVING, AND INTERNATIONAL OBLIGATIONS BEING FULFILLED, AND THE SMART CARDS BEING ACTIVATED WITH NO RATE CHANGE THEN WE WILL NEED TO BE REALISTIC WITH WHERE WE ARE. SO HERE IS HOPING FOR IRAQ ADOPTS A CURRENCY VALUE OTHER THAN 1166 AND DOES IT BEFORE MAKING ANY MANY CHANGES IN MONEY AND POLICY. [post 1 of 2....stay tuned]
3-2-2015 Intel Guru Jester THEY ARE WAITING ON SOME THINGS TO BE SIGNED WITH THE US... ALL INDICATIONS ARE THE BUDGET IS READY TO GO... THIS IS JUST SOMETHING THAT HAD TO HAPPEN WHEN THE BUDGET WAS READY TO GO... OTHERWISE IT WAS A MOOT POINT...LOOKS LIKE THINGS ARE GOING THE RIGHT DIRECTION.... I BELIEVE THIS IS JUST A SMALL HOLD UP... THAT THINGS ARE STILL GOING JUST FINE... THE BUDGET JUST NEEDS TO BE PRINTED INDICATING THINGS ARE DONE AND THEN POOF... IRAQ WILL BE ON IT'S WAY.
3-2-2015 Newshound Guru Millionday [They can't RV without the Article 140 implemented, right?] UNDERSTAND THAT THE BUDGET DISTRIBUTION IS IMPACTED BUT CBI HAS REPORTED THAT INVESTMENT FUNDS COULD BE USED TO MOVE FORWARD WITH THE MONETARY POLICY. SO AS FAR AS AN ACCURATE EXACT TO THAT ANSWER -- IT CANT BE GIVEN UNLESS BY CBI WHO HAS THE INDEPENDENCE IN THE MONETARY POLICY. [post 2 of 2]
3-2-2015 Newshound Guru Millionday Article quote: "Office of the Prime Minister Saad al- Sabri, that the application of Article 140 of the Constitution after the procedure will eliminate Daash terrorist gangs in the disputed areas." THEY ARE NOT ACTIVATING ARTICLE 140 UNTIL DAASH IS ELIMINATED PER THIS REPORT. IT IS NOT THAT THE BORDERS ARE NOT BEING DEFINED -- IT IS THAT IT IS NOT AN EASY TASK WITH DAASH ON THEM OR IMPACTING THE PROCESS. [What is article 140...?] ARTICLE 140 IS PART OF THE CONSTITUTION THAT DEFINES THE AREAS THAT ARE PART OF KURDISTAN... IMPORTANT FOR COSTS AND BUDGET ETC. [post 1 of 2....stay tuned]
3-2-2015 Intel/Newshound Guru Backdoc ...A FEW MORE LAWS WILL LIKELY BE READ SO THAT ALL IS IN PLACE FOR THE ONE BASKET! THE LAW OF PARTIES MAY BE ONE OF THOSE GETTING FINISHED! WITH THE MARKET ECONOMY READY TO LAUNCH AT THE END OF THE MONTH, THEY ARE IN A HURRY TO PUT THINGS IN ORDER! IT MAKES SENSE THAT A RATE WOULD PRECEDE THE LAUNCH OF THE MARKET ECONOMY SINCE IT WILL TAKE A FEW DAYS TO ADJUST TO THE NEW CURRENCY! [post 2 of 2]
3-2-2015 Intel/Newshound Guru Backdoc WE ALL EXPECTED TODAY [SUNDAY] TO SEE THEM START TARIFFS AND TAXES AS THE ARTICLES INDICATED! EITHER THEY HAVE ACHIEVED THEIR GOAL ON REDUCING LIQUIDITY FROM THE PUBLIC FLOAT AND ARE SIMPLY WAITING TO LAUNCH EVERYTHING ALL AT ONCE OR POSSIBLY THEY ARE WAITING TO SEE SECURITY IMPROVE IN THE NEXT WEEK OR TWO BEFORE A RATE CAN BE RELEASED! WE KNOW THAT THE KURDS ARE NOW VERY HAPPY BUT THE SUNNIS HAVE ONE MORE REQUEST BEFORE THE NATIONAL RECONCILIATION IS COMPLETE, ARREST MALIKI AND BRING HIM TO JUSTICE! [post 1 of 2....stay tuned] 3-1-2015 Intel Guru WILDDUCK ...WARKA BANK IS GIVING OUT CARDS TO ACCOUNT HOLDERS, FIRST TIME EVER ...SO HOW DO THE DO THAT WITH OUT AN RV? [...guess something changed?] SO OVERSEAS ACCOUNT HOLDERS CAN ACCESS THEIR RV'D DINAR. [So we can really see the light at the end of this tunnel?] YES... LET'S SEE WHAT OVER NIGHT BRINGS AS BANKS OPEN AROUND THE WORLD IN A FEW HOURS.
3-1-2015 Newshound Guru BondLady "The World Gold Council announced (WGC), said that "the Iraqi Central Bank had bought 48 tons of gold during 2014, bringing the country's reserves of gold material by three times what it was during the year." Remember they already said they had enough reserves to cover one and a half right? "The Iraqi Central Bank to invest cash reserves of hard currency through the purchase of gold" So now they have more.
3-1-2015 Newshound Guru tlm724 "The Iraqi Central Bank to invest cash reserves of hard currency through the purchase of gold" Kinda looks like the CBI is heading (maybe considering) buying even more gold especially after the decline in gold prices in world markets over the past months. Gold is gonna cover everything the CBI wants to accomplish with currency reform including the deletion of the zeros. Brings the dinar up front with dollar allowing them remove the dollar imo. Gold has the value needed to protect and guarantee the economy...it’s a safe haven for Iraq which contribute to maintaining the value of the dinar Iraqi. The decision to buy gold is to protect the dinar not the dollar! The dinar is safe no matter what the currency baskets does because it is protected!
3-1-2015 Intel Guru EXOGEN GETTING MONEY AND HAVING A FULLY IMPLEMENTED AND ACTIVATED HCL ARE 2 TOTALLY DIFFERENT ANIMALS. WHEN THE KURDS ARE 100% HAPPY, THEN IQD LAND WILL BE HAPPY! ARE WE CLOSER THAN EVER? 100% YES.
3-1-2015 Newshound Guru Millionday Article quote: "...The Iraqi government has bought 36 tons of gold bullion to raise the value of the Iraqi currency in the global markets..." CBI HAS BOUGHT MORE GOLD TO RAISE THE VALUE IN THE GLOBAL MARKETS --- THIS WOULD MEAN THEY ARE GOING TO THE GLOBAL MARKETS... IN THE NEAR FUTURE...WHOOPOW. [so where is the money coming from to buy this gold?] CBI HAS MONEY AND FUNDS THEY HAVE NOT DISTRIBUTED FOR BUDGET AND ALSO HUGE RESERVES...CBI INVESTED IN MORE GOLD TO BACK THE VALUE OF THE DINAR PER THIS REPORT.
3-1-2015 Newshound Guru My Ladies THE GLOBAL MASTERCARD WILL BE IN EFFECT IN PLACES OTHER THAN THE 4 ARAB STATES. THEY WILL BE GLOBAL, AS SOON AS THE GOI DEPOSITS THE MONEY TO RAFIDAIN THE CARDS ARE INTERNATIONAL. THEY HAVE BEEN EXPERIMENTING WITH TRIAL CARDS IN ABU DABI AND EVERYTHING IS WORKING FINE. ALL THEY NEED NOW IS TO FUND THE ACCOUNTS..THE CARDS WILL GO LIVE AS SOON AS THEY DO.
3-1-2015 Newshound Guru Millionday Article quote: "Rafidain Bank, announced its intention to issue smart card, in the coming days for retirees in four Arab countries." THE SMART CARD IS TO BE ISSUED IN THE COMING DAYS AND IT IS USED FOR BENEFITS FOR IRAQIS AS PROMISED -- SO IT WILL NEED TO BE ABLE TO BE USED THROUGH THESE COUNTRIES BUT -- PREVIOUS REPORTS HAVE STATED THAT THE SMART CARD WHEN ACTIVATED WILL BE ABLE TO BE USED GLOBALLY. THIS IS A HUGE STEP FROM THE BANK AND ALSO WILL BE ORDERED FOR ACTIVATION BY CBI PER DISTRIBUTION OF BUDGETED BENEFITS. [Will the rate attach to the Cards?] THEY WILL HAVE TO HAVE AN EXCHANGE RATE FOR THE CITIZENS TO USE THE CARDS OUTSIDE THE COUNTRY FOR THE LOCAL CURRENCY THEY STAND IN.
3-1-2015 Intel Guru Jester A BUDGET HAS NOT BEEN PRINTED YET... THAT IS WHAT WE ARE WAITING FOR...THAT IS STILL SIMPLY AN INDICATOR OF THINGS TO COME.
3-1-2015 Newshound Guru Breitling We're in a very very good spot. the 50 dinar note being taken off the market means more notes being taken off the market period end of story. The last report we got they were at 4 billion notes…at it's height they were at 9 billion notes. 3 things we know. We know the number that they're at…so they can raise the value whenever they want. 2. They're taken away even more notes by taking the 50 dinar note off. 3. They stopped the auction floor which is what they used to help keep the value of the note down…NOT up…they kept it down that way. What would be great to know…is remember the US dollar represented 30% of the markets inside Iraq. Who knows where they are at today. I would LOVE to see those numbers cause that would tell us a lot. [Post 2 of 2]
3-1-2015 Intel Guru TerryK IM PRAYING THAT WE RV TOMORROW [SUNDAY]...WHAT IM HEARING IS THIS...SUCKER RATE...RI...THEN RV BETTER RATE...THEN FLOAT...BELOW 3...HIGHER THAN 2...RV RATE BELOW 4...HIGHER THAN 3.50.
3-1-2015 Newshound Guru Tlar Some very intelligent people IMO got stuck in the float theory and haven't ever come around that the program to delete the zeros is back on. All the safe guards in protecting the currency also support that the deleting the zeros program is back on. It is very telling that the 50 is being removed, and the 250, 500, and the 1000 all are in the process of being replaced by expensive high security notes. All are less than a dollar and are not worth being counterfeited as witnessed by the fact they have never been counterfeited. It is only in a situation that the rate changes significantly that these not would need to be protected. And IMO we are seeing just that. The precursor to the deletion of the zeros project being implemented. [post 3 of 3]
3-1-2015 Newshound Guru Tlar Maliki then promoted Turki to be the Governor of the CBI thinking he could control him. Turki did not play ball with Maliki and went right back to supporting removing the zeros program within 30 days. IMO we know this because the articles that had been talking about deleting the zeros earlier under Shabibi had all but disappeared, having been replaced by articles stating the CBI intended to release the dinar at 1166 and float it up from there. But when Turki took over, within a month articles started to resurface again talking about deleting the zeros and have continued since then using the name deleting the zeros. [post 2 of 3....stay tuned]
3-1-2015 Newshound Guru Tlar ...the "delete the zeros" program is a real program. There was about a four month period in 2012 that Shabibi decided to change the program and we saw articles attesting to that decision. The decision had been made by Shabibi to just release the currency at 1166 and "let the market decide its value". He had stated that he was going to do this whether or not the government was on board. The float theory was not a theory but a real change in policy in late 2012. Shabibi had done this because every time he tried to implement the delete the zero program it was thwarted by Maliki. As we know, Shabibi did not get a chance to just float the currency because he was charged with crimes and removed by Maliki before he could do it. [post 1 of 3....stay tuned]
3-1-2015 Newshound Guru Breitling The intent of the CBI is EXACTLY the same…what do they want to do? They want to get it to a US dollar and after that they want to change the economic policies a little bit and get it to $3.00…and that's that. This [50 dinar note retirement] revealed to us the time frame…they are not going to come out at a buck…this tells us they are going to come out as a float. There is always a couple scenarios so we'll see how it goes…the wealth of the 50 dinar notes is going into your dinar coming up pretty quick so Happy Birthday! [post 1 of 2 stay tuned for the rest of the story]
3-1-2015 Intel/Newshound Guru Poppy3 RICH FRIENDS, EARLY THIS MORNING [SATURDAY] PARLIAMENT MEETING REPORTS SEVERAL OF THE MAIN LAWS WE BEEN WAITING ON WILL BE FINISHED AND IMPLEMENTED TODAY [SATURDAY] AND TOMORROW [SUNDAY]. THE ABSOLUTE RUSH IS STILL ON TO COMPLETE THE FINANCIAL REFORM AND CURRENCY REFORM AND I AM MORE ENCOURAGED THAN EVER. ALL INDICATIONS ARE THE NEW RATE WILL SHOW ANY DAY NOW AT ANYTIME. ANY SPECIFIC DATE WILL NOT MATTER WHEN THEY FINISH THEIR CHECK LIST THEY HAVE TO COMPLETE...WE WILL SEE THE NEW RATE AND ALSO THERE HAS BEEN MANY REPORTS THAT THE NEW RATE WILL BE CLOSE TO WHAT I HAVE ALWAYS STATED I THOUGHT IT WOULD BE IN THE $3.00 PLUS RANGE...
3-1-2015 Newshound/Intel Guru BGG [...can you tell us...what they are doing with the 50s over there...replacing for better security ones. or removing the 50 note for good?] ...that I do not know for sure...however, the change under the cover of a possible removing of the 3 zero's implication is VERY, VERY GOOD NEWS.
3-1-2015 Newshound Guru Backdoc [WE FELT VERY STRONGLY THAT THE TARIFF AND TAXES WERE TO START MARCH 1 ...DO WE STILL THINK THAT WILL HAPPEN?] HERES MY TAKE…IF WE DONT SEE THE RATE AND THEY LAUNCH THE TARIFFS AND TAXES IT WILL ONLY ACCELERATE WHAT WE WANT TO HAPPEN UNDER THE NEW MECHANISM. THE POINT HERE IS TO PULL OUT ANY REMAINING LIQUIDITY OR CASH OUT OF THE ECONOMY. IF THE RATE IS NOT GIVEN ITS BECAUSE THEY WANT MORE OUT!!! THIS WILL MAKE THE RELEASE OF THE LOWER DENOMS EVEN MORE SUCCESSFUL. 2-28-2014 Newshound Guru Aggiedad77 Article 140 is said to be delayed until DAASH issues are over...Former President Talabani has visitors...CBI is still in the news, slightly...Sunday still appears to be the launch day for the removal of the 50 dinar notes.
2-28-2015 Newshound Guru Millionday [do you think our back wall is now pushed back 60 days to get the 50's in?] NO I JUST THINK THAT THEY ARE BEGINNING TO REDENOMINATE PER THE REPORT WE HAD TODAY...TO REMOVE THE THREE ZEROS IS WHAT WAS SAID AND THE LACK OF USE OF THESE THAT WERE FROM THE 2003 SERIES... JUST A FIRST STEP.
2-28-2015 Newshound Guru Breitling 2. This tells us that instead of coming out at a certain rate, they are going to float it up little by little. 3. They are going to get more notes out of the market by doing this. The wealth that WAS in the 50 dinar notes goes into YOUR dinar…that's not bad news that's good news. The wealth of Iraq is not going anywhere it's just going to be crunched up and represented in the remaining notes. This is the way it works with every currency…With every country if they reduce it [Their currency]. [Post 2 of 2]
2-28-2015 Newshound Guru My Ladies MANY THINGS ARE TAKING PLACE IN IRAQ BEGINNING TOMORROW AND MOST OF THEM POINT TO THE COUNTRY BEING INTERNATIONALLY RECOGNIZED. THE QI CARDS ARE GETTING READY TO REACH OUT AND TOUCH SOMEONE! THEY’RE SAYING THAT STARTING VERY SOON THE RETIREES LIVING OUTSIDE WILL RECEIVE THEIR PENSIONS ON THE CARD. UP TO NOW THEY HAVE BEEN SENDING THEM PHYSICAL MONEY. SO HERE IS ANOTHER SIGN THAT SPEAKS TO BEING INTERNATIONAL...THEY ARE SENDING THESE CARDS TO 4 COUNTRIES TO START. WE HAVE DONE SEVERAL COUNTDOWNS OVER THE YEARS, LET'S HOPE THIS OUR LAST ONE.
2-28-2015 Newshound Guru Breitling The CBI announced they are going to retire the 50 dinar notes at the end of April…we basically have 2 months [to exchange them]. Is this something BAD that's happening? NO…nothing of the sort! This does not effect everyone, but this effects me cause I have a ton of 50 dinar notes. Here are the 3 things that this reveals: 1. The reason they are taking the 50 dinar note out of circulation is because it's value is so low that it's not efficient. [Post 1 of 2 stay tuned for important points two and three coming shortly]
2-28-2015 Intel Guru Jester WE BELIEVE THIS THING IS CLOSE. WHEN SUNDAY ROLLS AROUND I AM HOPING TO BE ABLE TO UPDATE YOU ALL QUICKLY ON WHAT WE ARE HEARING...IT MIGHT TAKE SOME TIME FOR US TO SEE IT... BUT I AM BETTING WE WILL HAVE A GOOD IDEA...
2-28-2015 Intel/Newshound Guru tman23 AS FOR ANYONE SAYING THAT HERE IN THE USA THEY WILL STILL HONOR THE 50 IQD NOTE EVEN THOUGH THE CBI SAYS THEY NO LONGER WILL.......WELL THAT JUST ISN'T SO.....AND IF THEY SAY IT IS THEN ASK THEM IF THEY WILL EXCHANGE SOME OLD IRAQI SADDAM NOTES!
2-28-2015 Newshound Guru Kaperoni Article quote: "...the 50 dinars born "dead" because they are too small and can not be accepted compared to other groups." [I take this as just more confirmation of good things to come and it has started.] I do agree..and the time limit of only 60 days seems to tell me that they wanted to get this over with quickly so they can pursue that new policy. Quote: "A source in the CBI told the "term" that "the Bank does not want a conflict between the currency category of 50 dinars and 500 dinars in case of deletion of zeros from the last." I think the very fact that they mention deletion of zeros as a possible reason in this article implies that process is coming sooner than later. Especially when they are only providing 60 days to redeem. [...if an initial revaluation was coming first, the 50 note would definitely have value. to see it being removed leads me to believe the plan is already in place to come out with a float which means at least for a stretch of time the 50 note will have no significance and should be removed.] ...it will come out at 1166 and rise. Not including any correction that may occur.
2-28-2015 Newshound Guru Millionday THEY HAVE BEEN WORKING ALL DAY [FRIDAY] TO FINISH THE ENTIRE OIL AGREEMENT WITH KURDS AND IRAQI FED. THEY HAVE STATED THEY ARE VERY HAPPY WITH AGREEMENT ON BOTH SIDES. THEY HAVE FORMED A GROUP OF KURDS AND IRAQI MINISTERS THAT WILL MONITOR THE AGREEMENT. AS WE KNOW THEY HAVE ALSO AGREED ON FINANCIAL DISTRIBUTION SO NOW THEY ARE GOING OVER THE POINTS AND ENSURING THAT THE AGREEMENT IS ALL THAT BOTH SIDES WANT AND EXPECT. THEY ARE SPENDING A LOT OF TIME FORMING GROUPS TO WATCH ALL ASPECTS OF REFORM AND ADVANCEMENT -- IT HAS TO BE FOR SOMETHING OR THEY HAVE RUSHED AND WORKED LIKE THIS TO SIT IN A CHAIR AND THAT I DOUBT. PARLIAMENT MEETS TOMORROW [SATURDAY] AND THE NEWS IS NOT REPORTING MUCH AT ALL BUT WE HAVE HUGE LAWS ON THE AGENDA...
2-28-2015 Intel Guru Frank26 On Sunday the 1st of March in this 2015 ...History will change in Iraq.
2-28-2015 Intel Guru TerryK HOW CAN THEY JUST DUMP THE 50 DINAR NOTES...IS IRAQ MAYBE WANTING US TO PANIC AND DUMP THE INVESTMENT ALL TOGETHER...MAYBE. THINKING BACK TO THE DAYS OF KUWAIT, AND WHAT I LEARNED AFTER THAT BLESSING IS THIS...A LOT OF THINGS TO SCARE EVERYONE WAS BEING SAID. SO IF WE HAVE THE BLESSING THIS SUNDAY WHICH IS A STRONG POSSIBILITY THEN THAT WOULD NOT MATTER...JUST DUMP THE 50'S RIG
2-27-2015 Intel Guru TNT Tony [via Adept1] The rates haven’t changed on their screens for three days, and multiple banks now have live rates. Our banking contacts have been told that Sunday is their day. That is what the bankers are being told. It’s the same message being given to the Iraqi people in the towns and country, that this is going to be IT. Also the tariff laws and tax brackets go into effect on Sunday...it’s all coming into effect on Sunday. We’re looking good!
2-27-2015 Intel Guru DC [via Adept1] All the banks in the US have been prepped... The CBI has sent test messages to the central banks, and the central banks have sent them to Wells Fargo, Citi Bank, etc., the Bank of England have pushed it to their local banks, and so on. The initial exchange centers have received the rates, made sure they loaded successfully – and they have...They have also allowed a few test exchanges to make sure their systems work, and those codes have gone through. The vast majority will be informed when this is ready to go through. The screens are being guarded carefully. It is NOT on administrative hold, it is LIVE. Again, it is live; they are just restricting access, and the codes are limited to a few per location to make sure they work out. That is throughout the US. They are ready to go. Also, this is not single-source information here. All our intel is consistently dual-source, typically three sources or more... Abadi has had meetings and the technical staff and other consultants believe that all systems are go, and they can deal with security issues if they come up. They are ready. The only thing we are waiting for is Dr Abadi and Dr Shabibi’s go-ahead. Everyone knows we are waiting on them to make an announcement. they could make an announcement today or tomorrow saying that from Sunday ‘we are the richest country in the world’. They are ready.
2-27-2015 Intel/Newshound Guru Backdoc NOTHING AND I MEAN NOTHING WILL BE PAID OUT AT 1166...! THE BUDGET CAN NOT BE OPENED UNTIL OZ LETS IT GO OR 6 PLUS YEARS OF WORK REDUCING THE NOTE COUNT WILL BE OUT THE DOOR! WE SAW ARTICLES ABOUT THE KURDS GETTING PAID, WELL, SORT OF. THE CENTRAL BANK SENT THE MONEY TO ANOTHER CENTRAL BANK IN THE KURD REGION...NO ACTIVE BUDGET! WHAT IS ACTIVE IS THE NEW MECHANISM CONTINUING TO STARVE CASH DOLLARS AND "ANY 50 DINAR NOTES"...IN THE ECONOMY RIGHT OUT OF EXISTENCE! WHEN THE TIME IS RIGHT OZ WILL TELL THE CBI TO OPEN THEIR BUDGET BECAUSE HE WILL ACTIVATE THE FUNDING! IT’S NOT IF IT WILL COME, BUT RATHER WHEN IT WILL COME... WHEN? ON OR BEFORE THEY LAUNCH THEIR MARKET ECONOMY! IRAQ WILL BE ON ITS WAY TO BECOME THE NUMBER 1 CURRENCY IN THE WORLD... [post 3 of 3]
2-27-2015 Intel/Newshound Guru Backdoc ...IF THE CURRENCY WAS ONLY GOING TO START AT .10 WHY BOTHER TO GET RID OF THE 50 DINAR NOTE? NOT THAT BIG OF A DEAL RIGHT? RIGHT! BUT...IF THE DINAR RETURNS TO NORMAL AS THE ARTICLES STATE “WHICH HAS BEEN OVER 3 FOR DECADES...”, THEN HOUSTON WE HAVE A PROBLEM! IT’S POSSIBLE THEY MIGHT NOT EVEN HAVE THE 50 PRINTED YET SINCE IT’S NOT REALLY THAT IMPORTANT ONCE THE LOWER DENOMS GET LAUNCHED SOON! WITH A BUDGET PASSED, PUBLISHED, AND WAITING TO BE OPENED IRAQ IS NOW AT THE MERCY OF THE INDEPENDENT CBI/OZ TO TELL THEM WHEN THEY CAN HAVE A LIVE CHANGED VALUE! [post 2 of 3....stay tuned]
2-27-2015 Intel/Newshound Guru Backdoc NOW LETS TAKE A LOOK AT THE WORTHLESS 50 DINAR NOTE. ...THIS IS AN AWESOME CLUE RIGHT BEFORE YOUR EYES! ...WE WON’T BE LOOKING AT IT MUCH LONGER SINCE THIS WORTHLESS PAPER IN 60 DAYS WILL GET A FACELIFT! WHY BOTHER WITH AN ESSENTIALLY WORTHLESS 4 TO 5 CENT PIECE OF PAPER? SINCE WE HAVE SEEN ARTICLES TELLING US IRAQ WANTS TO LAUNCH ITS’ MARKET ECONOMY BY THE END OF MARCH THEY WILL NEED A INTERNATIONAL CURRENCY RIGHT? RIGHT! THE CURRENT 5O DINAR WILL VERY SOON BE A TARGET FOR COUNTERFEITERS SINCE IT WILL GO FROM CENTS TO DINARS RIGHT? RIGHT, THEREFORE A MORE SECURE NOTE WILL BE NEEDED! [post 1 of 3....stay tuned]
2-27-2015 Newshound Guru Breitling It will revalue. There are 2 stated goals by the CBI and this is backed up by the MOP and MOF…first they want to get to a buck and this is a process and then they want to get to 3 dollars and this is a process. so let the process happen…"They" talk about these "laws" [that are supposedly out there], saying only so much dinar can come out of Iraq…How is it then that the Bank of America has a seat on the auction floor and literally bought millions and millions of US dollars worth of dinar who sold it to Chase bank who then sold it to me? So basically there are two banks who "illegally" sold dinar…none of that fits…it's common sense. It's tougher and tougher to get dinar cause it's not the wild wild west anymore and will get tougher. [Post 2 of 2]
2-27-2015 Newshound Guru tlm724 Article: "Kurdistan announce the dinars from Baghdad and is preparing to pay salaries next week" Quote: "The amount of 250 billion dinars, arrived this afternoon from the central government to Arbil," noting that "the amount will be transferred to the Central Bank ". the budget money is flowing like water now...Wink.
2-27-2015 Newshound Guru Breitling I've always stated that if they ever did close the auction floor that something is coming down the road…this is still true today. This is good news for us but it doesn't mean it's going to happen next Friday. Here's the most important thing…the idea going around is that it's getting harder and harder to get dinar out of Iraq. The reason it's getting harder and harder is cause they reduced the note count. This is a big deal. You will always be able to get it but it's getting tougher and tougher. [Post 1 of 2 stay tuned for the rest of the story]
2-27-2015 Newshound Guru Shredd FATCA...this Act focuses on US-based investors having foreign accounts and accurately paying taxes on them. Iraq officially looking to join Foreign Account Tax Compliance Act. what people need to understand is in many ways, investment couldn't have happened prior to this because the compliance and protections were not in place. It's a big deal and fits perfectly with how Iraq has been paving the way for US investors to be able to invest in iraqi-originated debt. This means when the dinar is stronger and investors want to get into the iraqi market, they'll be able to. This is part of the horse before the cart!
2-27-2015 Newshound Guru Millionday HERE IS A GREAT ANNOUNCEMENT... Quote: "Under the auspices of the Iraqi government of national reconciliation .. (Baghdad Declaration) .. Location: Baghdad (House of Representatives - House of the People) When: Month February 2015..." ACCORDING TO THIS -- THE NATIONAL RECONCILIATION DECLARATION WILL BE WITHIN THIS MONTH -- WOW...THAT IS HUGE AND WITH ALL WE ARE SEEING AS WELL WITH THE MONTH OF MARCH BEGINNING -- HOLD ON TO YOUR HAT.
2-27-2015 Intel Guru TD Discussions with my Kurdish friend (as always treat as rumor and please due your own sound diligence) . The old 50 notes are being exchanged due to wear and tear and to have better security enhancements with the new notes. Citizens inside the country will have 60 days to exchange them. What about the 50 notes outside the country? Well .... Try selling them back or try exchanging those and you'll find out the answer. The deletion of the zeros program has now been given an extra year to start and complete. It was originally to be a 4 year program and due to the need to still achieve security, stability and rollout the banking and capital investment initiatives it will now be delayed an extra year. The program was to initiate later this year but now won't be till 2016. The major goal of crushing ISIS, retaking cities like Mosul, Anbar province, etc. is THE top agenda item this summer and fall with then gluing the national banking system and attracting foreign capital investments in the 4th quarter of this year. ALL is based on progress and conditions on the ground.
2-27-2015 Newshound Guru Chattels [if kurds got paid does that mean HCL is in effect?] it means that there has been part performance on the temporary HCL agreement from december which is incorporated into the 2015 budget.
2-27-2015 Newshound Guru Millionday [THEY DIDNT ANNOUNCE THAT I RECALL, PRINTING NEW 50 DINAR NOTES. DO YOU RECALL THAT THEY ARE?] THAT IS ALREADY DONE...PER REPORTS WE HAD SOME TIME AGO. [were you excited and happy to hear about the 50 notes being called in?] YES I WAS -- IT IS THE BEGINNING OF THE REDENOMINATION AND RELEASE OF THE NEW SERIES TO THE IRAQI CITIZENS AND THE VERY LOW ONE -- SMILE. [post 2 of 2]
2-27-2015 Newshound Guru Millionday CBI IS PULLING THE 50 DINAR FROM THE STREETS OF IRAQ RIGHT NOW AND WILL BEGIN ON MARCH 1ST AND END APRIL 30TH. THESE NOTES WERE ISSUED AFTER THE 2003 ECONOMIC CHANGES THAT OCCURRED -- HOWEVER AT THAT TIME IN THIS SERIES THEY WERE NOT VERY USABLE DUE TO THE REFLECTED PRICING THAT OCCURRED WITH THE IMPOSED RATE -- SO THE NEW SERIES WILL BE PUT ON THE STREET IN THIS CATEGORY. [is this in country and outside too? All?] THIS IS RELEASED TO THE CITIZENS SO THAT THE 50 DENOMINATION CAN BE EXCHANGED TO BE THE NEW SERIES AT THIS TIME -- NO REGULATIONS HAVE BEEN RELEASED YET IN INK TO TELL CITIZENS OR INVESTORS OUTSIDE THE COUNTRY OF ANY NEW REGULATIONS FOR THE BILL OR WHAT TO DO WITH THEM ETC. THERE ARE IRAQIS OUTSIDE THE COUNTRY AND PEOPLE THAT HAVE 50`S OUTSIDE OF IRAQ...WE WOULD EXPECT SOME REGULATION RELEASED FOR THAT -- WE HAVE TO WAIT AND SEE. [post 1 of 2....stay tuned] 2-26-2015 Intel/Newshound Guru Poppy3 ...THEY KNOW WHAT THEY MUST FINISH AND ARE WORKING FRANTICALLY TO GET THERE. WHEN ITS DONE IS WHEN WE WILL SEE IT NOT BEFORE. NO DATE MATTERS, THEY HAVE A LIST THEY ALL AGREED ON 6 PLUS WEEKS AGO AND SET IN MOTION TO FINISH ALL ON THE LIST ASAP. THE BOTTOM LINE IS THEY ARE DOING THEIR JOB FOR THEIR COUNTRY AND WHEN THEY FINISH WE WIN AND BENEFIT JUST LIKE THEY WILL. WE SHOULD ALL BE DANCING AND PREPARING FOR CELEBRATION...
2-26-2015 Newshound Guru Millionday IRAQ HAS ANNOUNCED THAT THE FIRST DISTRIBUTION WILL BE TOMORROW TO KURDISTAN...THEY HAVE STATED THEY ARE FLYING THE CURRENCY TO KURDISTAN -- NOW LETS ASK OURSELVES BECAUSE WE DONT HAVE INK -- WHY WOULD IT NOT BE WIRED? WHY IS IT BEING FLOWN IN?...VERY INTERESTING.
2-26-2015 Intel Guru Frank26 IF I was The CBI and was about to distribute LD's let alone further sub divisional fils of COINS then this is exactly what I would do. Because they are needed when 000's are lifted. 1166 works well with 000's but NOT with LD's and coins. You see...There is no other lower denomination. Hence You start with THIS 50 as EITHER replacing it OR... MAKE CHANGE. LOL...Actually in more ways than one...LOL. ...They will destroy the lowest and replace it with even lower categories of currency such as ...I's ... 5's ... 10's and coins of 1/4 ... 1/2 ... 3/4. Here is another of my cookies...IOO ...The 50 will be made into change for The Citizens inside while outside ...You will get a new rate to return ET Home.
2-26-2015 Newshound Guru Shredd ...what is happening now to the 50 dinar note already happened to the large 000 notes last year and the CBI didn't discontinue the older versions which are the ones we hold. So, unless their plan has drastically changed since then, I think we can safely hope the cbi won't discontinue them before we decide to exchange them. That said, like it's always been, we just need to wait this out. Additionally, if the cbi's plan had changed, why wouldn't they do it now along with the 50 dinar note (announcing the "old" versions of the newly upgraded dinar shall be discontinued after 60 days)? I look at this move as something the CBI was going to eventually do anyways but I was thinking they would have done it much further down the road once a strong dinar value demanded usage of the 50 dinar note. Seeing they are making this move now, before any exchange rate change has occurred, makes me think the 50 dinar note will have a purpose much sooner than we thought.
2-26-2015 Newshound Guru Tlar Article quotes: "Thursday February 26, 2015 14:35 said the Iraqi Central Bank, on Thursday, for the withdrawal of currency 50 dinars category of trading, indicating that the replacement will continue for two months." "the banks and their branches will start replacing these banknotes presented to it and without fee or commission," The only bill they did not reprint of the bills in circulation, is the 50. I am guessing that the CBI saw this as a vulnerability so they made another strategic decision, the decision to release the new 50 and quickly swap them out... The 50 is part of the new smalls... Once the current 50 has a reality value, Iran would definitely counterfeit it and we can assume Iran has known what the plan is since its inception . Iran already has its distribution system in place along with the plates and more than likely the first counterfeits would be delivered in a few days. There aren't many 50's being used in Iraq because of their low value. I surmize the 50 will be the very first release of the new small even before they raise the rate.
2-26-2015 Intel Guru TNT Tony CONFIRMED Kurdistan received their payment today. THE IRAQI PEOPLE SHOULD BE NEXT and then???
2-26-2015 Newshound Guru tlm724 Article "Finance Minister announces staff self-financing companies paying salaries" Quote: "Zebari called during a meeting with a number of media self-financing companies to review the banks to take over the salaries of its employees..." money is starting to flow out of the budget...appears the budget is open for business!
2-26-2015 Newshound Guru Aggiedad77 ...they give no details to HOW they intend to replace the 50 dinar notes...or what they will replace them with...2 20 dinar notes and a 10 dinar note? OR...maybe this is the METHOD they will use to introduce the LOWER DENOMS! ...if it is the LD's that are coming...they would not telegraph this intent to us I don't think...because it would have to mean a rate change too...IMO. [IS IT POSSIBLE THAT THEY WOULD ONLY REPLACE WITH ELECTRONIC VALUE IN THE BANK ACCOUNT?] yes that is also a possibility...and a means for them to push out more smart cards since so many Iraqis do not trust banks at this time and may not have bank accounts...perhaps movement towards more e-banking...we continue to look for more concrete information as to what is really going on.
2-26-2015 Newshound Guru Enorrste Article quote: "Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars currency from circulation category, pointing out that the replacement will continue for two months." Here is the way I see this: (1) The 50 dinar note, worth about 4 cents, is not being used in Iraq at this time. (2) The newer and more secure currency that has been printed did not include the 50 dinar note, as I understand it. (3) Therefore, since it isn't the more secure note and isn't used anyway, the CBI is removing it from circulation. (4) They are giving about 60 days to get them all in, after which time the currency will be worthless. (5) Doing this at this time...is probably in preparation for a rise in the value of the dinar. (6) I say this because if and when the value rises, the CBI would not want these "old" notes in circulation since they do not have the proper security features. (7) Finally, "replacement" does not necessarily mean a new 50 dinar note will be issued. I suspect that over time a new note will be issued, once the value has risen. That is implied in the article, in my opinion. Therefore, I see this as part of the "clean up" process to get ready for the float.
2-26-2015 Newshound Guru Administrator Bob Article quote: "Iraqi Central Bank announced on Thursday, for the withdrawal of 50 dinars currency from circulation category, pointing out that the replacement will continue for two months." It appears that the Central Bank of Iraq has decided to demonetize the 50 dinar note. They are giving Iraqi citizens a period from March 1st -April 30 to deposit or receive equivalent currency as replacement. After that the 50 dinar will have no value in Iraq. Currently, the 50 dinar is worth less than 5 cents US.
2-26-2015 Newshound Guru My Ladies I THINK STILL WE NEED TO SEE MONEY BEFORE THESE IMPORTANT LAWS ARE EVEN READ IN THE HOUSE. JUST IN NOW...THE AGENDA FOR THE NEXT PARLIAMENT SESSION, SATURDAY THE 28TH AT 11AM. GUESS WHAT FOLKS THOSE VERY, VERY, VERY, IMPORTANT LAWS THAT THE CABINET FINISHED AND JABOURI IS CALLING ON TO HURRY UP AND READ, WELL THEY ARE NOT IN THERE AGAIN. I DON'T THINK WE EVER SEE THEM GET PASSED BECAUSE IF WE ARE CORRECT IN OUR LINE OF THINKING THEY NEED TO FUND FIRST. [post 2 of 2]
2-26-2015 Newshound Guru My Ladies THE 24 HOURS HAVE PASSED AND THE BUDGET IS AN OFFICIAL LAW...THEY SAY THEY HAVE APPROVED THE ALL THE FINANCIAL ALLOCATIONS OF THE BUDGET AND THEY ARE GOING TO START IMPLEMENTING THEM. WE SEE THEY HAVE THE ENTIRE PLAN WELL THOUGHT OUT, BUT NOW TO IMPLEMENT IT IS SOMETHING ELSE. WE WILL SEE MUCH ACTION IN THE COMING DAYS BUT HOPEFULLY THEY WILL ADJUST THEIR CURRENCY FIRST...THE CABINET HAS THE IMPORT LAWS TO VOTE ON SENT TO THEM ON TUESDAY, THE NATIONAL GUARD LAW, THE INVESTMENT LAW, THE AMNESTY LAW AND YET IN TODAYS SESSION THEY READ A BILL FOR PAVING THE STREETS? HUMMM SORRY FOLKS BUT THAT STILL DOESN’T PASS THE COMMON SENSE TEST. [post 1 of 2...stay tuned]
2-26-2015 Newshound Guru Arthur Q. Are we really close or are we waiting on June or further out? IMO based on everything I see and am hearing from our Arteam we are closer than close. Although nothing is impossible in Iraq, an unforeseen circumstance would have to occur to prolong this process indefinitely. The GOI/CBI has fast tracked their own procedures by the cessation of the auction regime. This tells us that they are assured of the timely passing of the necessary laws and riders needed to ensure the soon upcoming strength and international structuring of the IQD or they could have easily maintained their auction protocol for a longer period and not added to the already unwieldy liquidity dilemma on top of the inflationary event that the tariffs will engender, tariffs of which they no longer have the luxury of postponing as they are part of the 2015 budget. All indications are is that the cessations of the auctions was the beginning of a new mechanism and process that will by necessity soon include the revaluation of the Iraqi Dinar to an international reality rate commensurate with the current and future wealth of Iraq. [Post 2 of 2]
2-26-2015 Newshound Guru Arthur People are asking me the same questions over and over so I will address them now. Q. Is the HCL done? A. NO. It is not done and anybody saying it is either misinformed or doesn't understand the process. They have agreed to agree on many parts of it and still working out the bugs on other issues....there can be no fully implemented budget and subsequent revaluation without it. Q. Is the budget in the Gazette? A. NO. The budget has been outlined in the law review of the MOJ site and has been signed, ratified, and agreed upon at every level but not placed in the official Gazette for immediate implementation and disbursement of all provincial funding. It can't be be for obvious reasons but if it were, and still at the 1166 level we would all know it and it would not be anything to be excited about. [post 1 of 2....stay tuned]
2-26-2015 Intel/Newshound Guru Poppy3 I AM TELLING YOU THE PROCESS IS MOVING AS FAST AS THEY CAN GET IT DONE. THIS WEEK, NEXT WEEK OR 30 DAYS FROM NOW, IT IS WHAT IT IS. THEY KNOW THE DETAILS AND THEIR JOB AND THEY HAVE ALL ASSURED ONE ANOTHER THEY ARE GOING TO FINISH. NO DATE IS A DEADLINE BUT THE PROCESS AND WHEN IT IS FINISHED WE WILL ALL BE BLESSED. IRAQ WILL BE SAFE FOR MCDONALD’S, CITI BANK, DOMINO’S OR FORD MOTOR CO. OR ANY INDUSTRY TO DO BUSINESS IN. THEIR MONEY WILL BE HIGHLY VALUED AND TRADEABLE AROUND THE GLOBE. LET ME ASSURE EACH OF YOU THE WAIT IS SHORT AND THE BURDEN HAS BEEN LIGHTENED – WE CAN SEE THE PROGRESS AND HAVE BEEN ASSURED OF THE BLESSING COMING. [post 2 of 2]
2-26-2015 Intel/Newshound Guru Poppy3 JUST IN....MANY ARE LOOKING AT THIS INVESTMENT AND WHAT IS HAPPENING ALL WRONG…THINKING SOMETHING OR SOMEONE IS HOLDING THIS BACK. THAT IS THE FARTHEST THING FROM THE TRUTH. I HAVE A KEY PERSON THAT IS BEYOND REPROACH IN HIS STATUS AND INSIDE POSITION. HE HAS EXPLAINED THE PROCESS THEY ARE IN IS A PLANNED AND AGREED UPON PROCESS. ABADI, JUBOURI, BARZANI AND ALL THE LEADERSHIP HAVE AGREED ON IT, APPROVED AND THEY ARE CARRYING OUT STEP BY STEP. I BEEN INFORMED TODAY THE FINAL PHASE OF THE PROCESS HAS STARTED. IT WILL PLAY OUT AS IT IS SUPPOSED TO PLAY OUT. FORGET ALL THE MINOR DETAILS OF THIS LAW OR THAT REASON – IT DOESN’T MATTER TO THE END RESULTS. [post 1 of 2....stay tuned]
2-26-2015 Newshound Guru wmawhite tic toc, tic toc...that is the clock that is ticking at the CBI, BIS and at all of the central banks around to world as the CBI prepares to make their next and final move...JIMO.
2-26-2015 Newshound Guru Millionday IT LOOKS LIKE THEY ARE ASKING FOR EXECUTIVE ORDERS WITH HCL -- FROM BASRA...THEY ARE ASKING THE PRESIDENT TO MOVE FORWARD WITH THE HCL PER AGREEMENTS MADE. [Does the HCL have to be done before they can do anything with the Dinar?] THAT WOULD BE UP TO THE PLAN THEY HAVE FOR THE COUNTRY... THE TIMELINE THEY ARE WORKING WITH HAS NOT BEEN RELEASED TO US -- WE DONT KNOW THE DATE...THEY...ARE WORKING VERY HARD TO MOVE FORWARD -- ABADI PROMISED TODAY TO THE CITIZENS THAT THE ECONOMIC CRISIS WOULD END -- THAT IS A HUGE STATEMENT.
2-26-2015 Newshound Guru OOTW well the budget, in full, is posted at the ministry of justice site - today [Wednesday] - it's an active law.
2-26-2015 Newshound Guru Tlar The CBI just released the pressure on this side of the equation by announcing they would again sell dollars to these banks, but just to cover remittances. What they have yet to resolve is the liquidity problem in these same 32 banks. Until they can resolve the liquidity issue for these banks, Iraq remains in critical mass IMO. IMO they just don't have enough dinars to open the budget at 1166. To me that says something has to change before March 1st when they implement the tariffs and taxes, not 45-60 days down the road. To me they can't stay where they are, they have to move forward with monetary policy change or this problem will exacerbate. [post 2 of 2]
2-26-2015 Newshound Guru Tlar The CBI made at the least a temporary strategic decision to start selling the dollar again to the banks to cover the remittance side of what was the auctions. When they pushed the responsibility for remittances over to the independent banks and cut off the auctions at the same time, they essentially left the bank with few options and almost no way to obtain the hard currency needed to pay these imports with. On the one hand they said you have to now pay for international orders and imports but we won't sell you the USD to be able to pay for it. This immediately pressurized the system because potentially it stood to bring purchases to a stand still if not fixed. [post 1 of 2....stay tuned]
*** 2-25-2015 Dinar Guru News Flash *** UPDATE 2 *** Slowly but surely the guru reports are coming in and the consensus is the budget has in fact been published! They feel the next phase is implementation--releasing funds and enacting the laws...but the steps are yet unclear. The gurus are sorting through the intel and information as it comes to light. After 11 years...the daily CBI currency auctions have remained STOPPED! Everyone is waiting with bated breath to what Iraq's next move will be...stay tuned as this super exciting and interesting story unfolds! If you are not on the official Dinar Guru Alert List now is a fantastic time to do so...it's free as always...get on the list by clicking here now... [the latest guru updates will continue below]
2-25-2015 Newshound Guru Millionday KURDISTAN IS DENYING IN THE PRESS THAT THEY HAVE AN ISSUE WITH THE OIL AGREEMENT AND THAT THE PREVIOUS GOV CAUSED THE ISSUE BUT NOW THEY ARE AGREEING. THEY ARE ANNOUNCING THAT THEY HAVE COME TO AN AGREEMENT ON THE DISTRIBUTIONS ACCORDING TO REPORTS I HAVE. [ IS THE VOTE ON SCHEDULE FOR THIRSDAY FOR HCL?] THE MONEY BEING SENT IS ON THE SCHEDULE...MONEY TO BE SENT TO KURDISTAN WILL BE DONE ON THURSDAY.
2-25-2015 Newshound Guru Kaperoni I am not expecting much at the start..maybe a few dinar from 1166 to 1160 or so. Parliament has work to do to get the economic train moving down the tracks...IMO, this will start slow and progressively get better as investment and economic progress takes hold. This is not some overnight event. Remember the CBI said just a few months ago that they have slated 4 years for the process.
2-25-2015 Newshound Guru LJ [via KJWayne] the "stability" we are looking for is to have LAWS, not the "stop blowing things up" kind of stability. ...some of the laws cannot be done in that basket and will have to be passed separately...they amended changes to the oil and gas law to make the Kurds happy...HCL is NOT done...if we get to June and no changes have taken place regarding the Sunnis and Kurds, things will not look so pretty.
2-25-2015 Newshound Guru STRAIGHT TALKING MIKE [via KJWayne] ...the C.B.I. stopping the auctions...what this does is it forces everyone (the citizens) to go to the banks now and start using them...they want the banking system up and going and ready to go and that they are basically there...the auctions stopping is NOT a precursor to an rv...this was a great step for the C.B.I. in moving forward...we need the Investment Law in place to start to help out the bank side of things...stopping the auctions basically puts a stop to the money exchangers on the streets. They are strengthening the banking system now for people to start trusting the banks. This should cut out a lot of the corruption in the banking system...once they get through there crisis with the Kurds...they will start to focus on passing Laws. [IMO] there will never be another (currency) investment like this ever again!
2-25-2015 Newshound Guru My Ladies BUT IT IS REASONABLE TO ASSUME THAT SINCE THE ENTIRE REVENUE OF THE BUDGET IS BASED ON OIL THIS TIME THAT THERE WILL NEED TO BE A CONVERSION RATE FOR MONEY COMING IN BEFORE THEY CAN BEGIN SENDING MONEY OUT. NOW I DO NOT WANT ANY OF US TO GET STUCK IN A 24 HOUR WHEEL SPOKE BECAUSE THAT IS NOT WRITTEN ANY WHERE. BUT WE DO KNOW THAT THE MONEY IN NEEDS TO HAPPEN REASONABLY SOON. I ASSURE YOU 100% THAT NO ONE IS HIDING ANYTHING...IRAQ IS A COUNTRY...NOT A GAME OF HIDE AND SEEK. THEY ARE SHOWING US EVERYTHING WE NEED JUST TO KNOW WHERE TO LOOK AND PUSH ALL THE HORSE FEATHERS ASIDE TO SEE IT. THINGS ARE VERY GOOD ...VERY VERY GOOD...WE HAVE WHAT WE NEED THE BUDGET AND THE AUCTIONS AND NOW WE JUST WATCH AND WAIT. [post 2 of 2]
2-25-2015 Newshound Guru My Ladies THE PROCESS CONTINUES...THERE IS NO WORDING IN THE CONSTITUTION THAT SPEAKS TO FUNDING THE BUDGET PER SAY. HOWEVER IT IS IN THE CONSTITUTION THAT AFTER 24 HOURS OF PUBLICATION IN THE GAZETTE ANY PRINTING BECOMES LAW. SO FOLLOWING THAT IT IS REASONABLE TO ASSUME THE BUDGET IS LAW IN 24 HOURS FROM LAST NIGHT. WITH THE BUDGET BEING LAW IT IS REASONABLE TO ASSUME THEY WILL NEED TO GRADUALLY BEGIN FULFILLING OBLIGATIONS IN THE BUDGET. IT IS UNREASONABLE TO ASSUME THAT THE ENTIRE AMOUNT OF THE BUDGET WILL BE FUNDED IN 24 HOURS AS IT IS A 52 WEEK BUDGET, SO IT HAS MONEY IN AND MONEY OUT CONTINUOUSLY. [post 1 of 2....stay tuned]
2-25-2015 Intel Guru TNT Tony [via Adept1] Yesterday you saw the budget was fully publicized. We got the same information: it is fully publicized, and it was signed off two weeks ago. We had a guy who actually walked over, took a look at it, and said this: Just reviewed the Budget that was published today. We are getting closer. It is not yet complete. At least the portion put out for the public today was not complete. The number of subsections that are not publicized is down to 17 – they have been signed off, but not put out for the public yet. Sections not published include the HCL, tariff law. Articles say they want it to take effect by 1. March, but it’s not publicized in this Budget, even though the Budget itself has been signed off. These sections could come out any time between now and Saturday. On television, they are telling the Iraqi people that this will be completed this week, and that is all we can really go by. They also told them that when the banks re-open, they can exchange their currency at the new rate. Our guy on the ground says that no banks are open in Baghdad at all, although a few are open in Kurdistan. They are scheduled to open tomorrow. Our banks in the US have put their people on notice. This could happen at any moment.
2-25-2015 Newshound Guru Millionday THEY HAVE A SIGNED PLAN BY THE WORLD BANK AND IT HAS NOT YET BEEN ACTIVATED -- THE ADOPTION OF THE MONETARY POLICY AND THE REFORMS WILL ACTIVATE THAT PLAN FOR IRAQ. THEY NEED TO GO OVER EVERYTHING TO MAKE SURE THE ACTIVATION OF THE MONETARY POLICY AND REFORMS ARE ALL DONE CORRECTLY. THEY ARE STATING HERE THAT THEY HAVE BEGUN THE FOREIGN REMITTANCE SYSTEM -- THEY ARE MOVING FORWARD WITH THE PURPOSE OF THE BANK FOR THE STABILITY OF THE IRAQI DINAR EXCHANGE RATE AGAINST FOREIGN CURRENCY THROUGH EXCHANGE TO MEET THE NEEDS OF THE FUNCTIONS OF THE BANKING SYSTEM. THEY ARE WORKING TOWARD THE REFORMS AND MONETARY POLICY BUT HAVE NO DATE AS TO WHEN. THIS IS BEING STATED TO THE CITIZENS --VERY EXCITING. CBI IS SAYING THEY ARE MOVING FORWARD WITH MONETARY POLICY -- WHEN IS THE ??? THAT WE DO NOT KNOW.
2-25-2015 Newshound Guru Adam Montana [Do you think the Dinar will come out at 1166 in a FLOAT?] I don't see them doing that... [Do you think we will have RV by the first quarter (March 2015)? Also saw articles in regards to the HCL and wondering is this the hold-up of the RV?] I certainly hope we'll see the RV here in the first quarter, and yes the HCL is the holdup. [The biggest news this week seems to be CBI stopping their daily currency auctions.] I love it when the CBI starts playing with things. It means they are getting ready to do something! I have a feeling that I'll be getting some feedback here shortly, and at that time I'll do another "driveby" or formal post...With that said, I'm going to make this update short. Until that next post... hang tight, my friends! I'm just as eager as you are for some great news, and it looks like we're closing in! [post 2 of 2]
2-25-2015 Newshound Guru Adam Montana This week is an interesting one. The budget is 100% done, which is exactly what we want. The CBI is mucking around with their auctions... and there's a ripple effect happening right now, which will have an impact on the ISX and a lot more... but the fact that the CBI is changing things up has me asking questions, and I'm getting some VERY interesting responses. [ it appears that the budget has been passed and published in the Gazette. You have always talked about hca, budget, hcl and then rv. Would the hcl language be covered in the passed budget or should we be looking for an explicit law that will be passed and then also published in the Gazette?] It does appear that there was HCL-specific text in the budget, but the HCL has to be passed on it's own. In other words, the budget supports the HCL, but the HCL will be a completely separate deal. With any luck, it will be dealt in short order! [post 1 of 2....stay tuned]
2-25-2015 Newshound Guru My Ladies THE BUDGET IS PUBLISHED. WE HAVE SOME CLARITY ON THE AUCTIONS, THEY HAVE NOT STOPPED ALL TOGETHER. THEY JUST STARTED USING THE NEW MECHANISM TODAY APPARENTLY, AND WHAT THE NEW MECHANISM IS HAS TO WITH HOW DOLLAR IS PURCHASED. THEY ARE TRYING TO ELIMINATE MONEY LAUNDERING SO YOU CAN NO LONGER JUST SHOW UP AND MAKE EXCHANGES IN CASH OR DINAR. THEY WILL SELL THE DOLLAR AS FOREIGN CURRENCY FOR THE PURPOSES OF TRAVEL MEANING IN LIMITED SUPPLIES AND WITH A PAPER TRAIL, YOU NEED TO HAVE A WHAT THEY CALL MONEY ORDER IN ORDER TO PURCHASE ANY CURRENCY. THE CENTRAL WILL LIMIT THE TOTAL SOLD DAILY TO 75 MILLION AND THERE WILL BE A TIGHT PAPER TRAIL.
2-25-2015 Newshound Guru Millionday [Do we know for sure the whole budget has been printed in the Gazette?] THEY STATED IT WAS...HERE IT IS "Number (4352) to ensure the doors of the budget disbursement for fiscal year / 2015 Iraqi Gazette newspaper published the general budget of the Federal Republic of Iraq" BOTH CHAPTERS... THIS IS THE FORMAL SITE...THERE IT IS.
2-25-2015 Intel Guru Frank26 They are working on the math right now and they don’t want you to see anything right now. The budget is set at $60 a barrel. Anything past $60 a barrel is going to be fantastic! iTeam was called back from SA for a specific role...to protect Shabbi (in doing so you protect the budget) ...mathematics orchestrated by Shabbi. We asked them “Do you think the RI is in motion?” Usually they don’t say but this time they said “yeah...maybe.” Please pray for them and their safety. iTeam has told us that we have a “back-wall.” That back-wall is a week from [Monday]. The budget is at 1166 and that’s ok because that is the only way they could open the budget ...they have to activate the laws. We are looking for a law...the one on March 1st...tariff and tax laws...perhaps a rider to be “activated” on March 1st. iTeam says Shabbi will not talk...he is there to complete the budget...but it’s all contingent on the taxes and tariff laws coming out [approximately] 1st of March. Shabbi will have the budget retro back to January 1st once ACTIVATED. The date and the rate will come at the same time in the still of the night most likely on a Tuesday or a Thursday. Iraqi TV..on the TV...ticker tape shows they are getting ready. [post 2 of 2]
2-25-2015 Intel Guru Frank26 Most alphabet agencies are still in Iraq. The World Bank did a lot of work last week. The BIS did a lot of work this week. The CIA was in Iraq (as reported in the press) and other related agencies that protect and help out. Everyone knows what is about to happen with Iraq. There is a UNITY in the middle east...working together. Amazing. THREE FACTORS will affect our investment. #1 – The American Dollar going up in value. #2 – The American Economy going up #3 – Oil prices will go down. All 3 occurred and helped to accomplish the mission...laws in the budget (over a thousand of them) needed to be in place to ACTIVATE the budget. The HCL is my favorite. The budget approved, passed, signed and in the hands of the Gazette. Forget about the dates things should appear in the Gazette. The budget is published and will be shown to the world at their [Iraq’s] pace. The laws are in the budget but the budget is NOT activated. Published but not ACTIVATED. [post 1 of 2....stay tuned]
2-25-2015 Newshound Guru Enorrste The foreign remittances issue means that dollars can still be had by locals, IF they can find foreigners who will accept the dinars in trade. This is the crux: getting the dinar to be accepted as an international currency. It could be a jerky road, but I think that the CBI is convinced that there is sufficient backing of their currency to see this through. Hold on to your hats! The next few turns could be scary. [post 2 of 2]
2-25-2015 Newshound Guru Enorrste Article: "Experts: Central Bank faces the problem of the shortage of foreign currency and claiming to reassure customers" Can you imagine the reaction of a local Iraqi businessman when he goes to the bank to buy some dollars and is told that they don't have any? What else could he do except use dinars, right? Talk about turning the tables quickly! Sure, some will find ways to get dollars from other sources, but not nearly enough. Eventually, and probably sooner rather than later, people will realize that they have to use their own currency. This will stabilize the market, at which point the CBI will be in position to allow the float. As some have suggested, they may not even make a big thing about it. The value of the dinar will just begin to rise, and the official rate will rise with it. Of course at some point they will have to drop the fixed official rate. [post 1 of 2....stay tuned]
2-24-2015 Dinar Guru News Flash *** UPDATE *** The gurus are reporting a partial 2015 budget was published in the gazette yesterday (part of it was held back in secret) AND the CBI did stop currency auctions. Both MAJOR moves. As you see in the Dinar Guru Resource Bar on the left of this page...the official CBI rate has not changed. The gurus are not clear what the full ramifications of these major changes will be or how they will publish the remainder of the budget...stay tuned as these super exciting stories unfold! If you are not on the official Dinar Guru Alert List now is a fantastic time to do so...it's free as always...get on the list by clicking here now... [the latest guru updates will continue below]
2-24-2015 Newshound Guru Tlar Article quote: "Prime Minister Dr. Haider Al-Abadi recently received in his office the director of the World Bank ...On its part the delegation of the world bank expressed its intention to provide all kinds of support to Iraq and its readiness to establish programs and projects to activate public Banks, cooperate with the Iraqi Central Bank..." This is the same thing the WB did in 2010 and again in 2012. They said they would support the CBI and their deletion of the zero program with all tools necessary including loans. Maliki stopped it then but there is nothing standing in their way now except fear itself. This time they have committed and must follow through or not doing it could harm both their economy and their banking system.
2-24-2015 Intel Guru TNT Tony The full budget is published. It could happen at anytime.
2-24-2015 Intel Guru TerryK THIS IS OUR WEEK...SINCE CHINA BACKED IRAQ INTO A CORNER TODAY AND SAID PLAY NICE WITH CBI AND CBI SAID OK ...IRAQ CAN SUPPORT A UPPER RATE SURPASSING THE 8.16 MARK I HAVE BEEN TALKING ABOUT...KEEP IN MIND THAT THEY WILL GO INTO A FREE FLOAT AFTER A PERIOD OF TIME. VND IS LIVE NOW...THEY WILL DO AN ADJUSTMENT THIS WEEK. HEARING JUST OVER 1.00 ON VND... THEY ARE TRYING TO GET TO 2.21.
2-24-2015 Newshound Guru sczin11 THE TARIFFS MAKE NO SENSE AT THEIR CURRENT LEVEL OF DINAR VALUE...WOULDNT PAY FOR THE PAPER THE BUDGET IS PRINTED ON. THEY MUST HAVE A TRUE VALUE, AND THEY HAVE COUNTED ON THE REVENUES FROM THESE TAXES TO REDUCE THEIR BUDGET DEFICIT. THEY HAVE USED FORMULAS TO ESTIMATE THE REVENUE BASED ON THE NUMBER OF DAYS LEFT IN THE YEAR...BASED ON WHATEVER DATE THEY CHOSE TO IMPLEMENT, ACTIVATE, FUND THE BUDGET...THERE IS NO GOING BACKWARDS, AND THEY CANNOT ADD DAYS TO THE YEAR. THE BUDGET ONLY GOOD FOR THE YEAR...POSTPONING WILL BANKRUPT THE COUNTRY...THEY WILL IMPLODE. ...I FEEL THEIR PLAN IS IN PLAY. THEY KNOW THE CBI MUST PROVIDE THE KEYS TO THE CAR...THEY HAVE NOT COME THIS FAR TO DERAIL!
2-24-2015 Newshound/Intel Guru Randy Koonce 3rd is the banks are not getting the large bills for the last 2 weeks.. So this tells us all is ready to change the rate...and the question is will they do it...4th the salaries for Iraq to be paid.. the finance minister wants to pay salaries they cannot do that without a rate change. So the next few days are very big and tremendous pressure...So if Obama agrees that Iraq needs this done, we are out. Can something go wrong, yes but given everything that is going on we know this should be over very soon...the Auctions give us the timeline. if they get 10 days, each day after that would be tremendous pressure until they do it...And if they start the auctions up again.. we will have to wait longer. Pray very hard that they do not start the auctions. We are close.. Every large bank will exchange...Breathe... [post 2 of 2]
2-24-2015 Newshound/Intel Guru Randy Koonce Again No one has cashed in. There are no #800 numbers no groups that you have to get in...Let me say where we are at this time... The pressure that was suppose to come in the 1st of February is just now getting there. 1st pressure point is the budget passed and being posted in the gazette...(this also enacted the tariff laws article 33 which was in the budget. They need an weighted currency that is international to use the tariffs... every time they were going to start the tariffs they just moved them... well the budget being passed prevents iraq from moving the date... it still has not set the date. 2nd pressure which is very big is the auctions have been stopped. (so the only way for Iraq to generate money is Auctions or Bonds and they cannot do the bonds until they have a currency above 0). From Last sunday Iraq can go about 10 days without having the auctions or Bonds...can they restart the auction, yes...but why stop them just to restart them...so this is another pressure point... [post 1 of 2....stay tuned]
2-24-2015 Intel/Newshound Guru Backdoc WITH A BUDGET WAITING TO BE FULLY IMPLEMENTED WE ARE IN A GREAT SPOT! EVERY DAY THERE IS NO CASH THE ECONOMY GETS TIGHTER AND TIGHTER! THE HUNGER FOR CASH WILL GROW UNTIL BING BAMM BOOM IS RELEASED IN ONE BASKET! WITH A FRENCH AIRCRAFT CARRIER HANGING OUT FOR SUPPORT, THE UST BOYS PUTTING THE HOUSE IN ORDER AND A HEIGHTENED LEVEL OF ATTACKS ON DASH WE ARE SPRINTING TO THE FINISH LINE! AS I RECALL WE HAD ARTICLES CONFIRMING THE TARIFF AND TAXES LAUNCH ON MARCH 1ST? AS I SEE IT WE NEED TO SEE A RATE ON OR BEFORE THAT DATE OR IRAQ WILL SIMPLY SIT AND WAIT DEAD IN THE WATER TILL THERE IS ONE! [post 2 of 2]
2-24-2015 Intel/Newshound Guru Backdoc IMO GREAT INFO THE PAST FEW DAYS AS WE SEE THE MANY THINGS COME TOGETHER LIKE A HAND IN A GLOVE! I LIKE THE COMMITMENT OF CROSSING THE LINE IN THE PROVERBIAL SAND ON STOPPING OF THE AUCTIONS! "A NEW MECHANISM" IS NOW THE NEW ORDER!" NOT ONLY DID THEY STOP BUT FOR SOMETIME BEFORE THEY STOPPED WE SAW LOWER NUMBERS! VERY CLEVER AS THE CBI BEGAN EARLY TO BLEED THE DOLLARS OUT OF THE PUBLIC FLOAT AS WE SAW COMPLAINTS OF LACK OF CASH DINARS AND DOLLARS! [post 1 of 2....stay tuned]
2-24-2015 Intel Guru Frank26 I LOVE WHEN THEY HINT! Of course they do. It's called the 4th part of the HCL and is buried in the 2015 budget. LAWS and NEW MATH are turning the budget from 11 years as a caterpillar to a Butterfly.
2-24-2015 Newshound Guru Millionday IRAQ IS OFFICIALLY TRYING TO JOIN THE ORGANIZATION THAT PROTECTS COUNTRIES FROM TAX EVADING THAT HAS JUST RECENTLY BEEN OUT IN PLACE -- MEANING IT WILL NOT BE A TAX HAVEN FOR US CITIZENS OR ANY OTHER COUNTRIES. THIS MEANS THAT THEY ARE PUTTING INTO PLACE THE LAWS THAT KEEP AMERICANS ETC FROM HAVING ACCOUNTS OF CASH THAT THEY DONT PAY TAXES ON WITHIN THE US ETC. ...I SAY THIS IS HUGE -- WHY WOULD THEY NEED THIS TO BE APPLIED AND BE A PART OF IT UNLESS THEY WERE GOING TO BE INTERNATIONALLY RECOGNIZED? WHOOOPOW.
2-24-2015 Newshound Guru Tlar Article quote: "Mostafa Hashemi raised the issue of a study on Iraq's accession to Vta agreement...discussing the Ministry of Finance this issue with the government banks and the taxes and insurance companies." known "Alvta" which is an acronym for Foreign Account Tax Compliance Act as measures limiting evade US citizens from paying taxes to the government..." I wonder if the fact that Iraq has not signed off yet to FACTA that this might be a reason to hold them up until they do? Is the US muscling them into signing by not letting them finish their conversion until they do? To our treasury department, this is a very important issue because of all the tax it stands to collect from this unique, one time event. There is only one way that the Treasury can be assured of getting a handle on this and that is to get a complete accounting of any US citizen attempting to cash in Iraq by opening an account. Just a coincident that these two events, Iraq looking as if their stalled in their transition and the FACTA issue being brought up at this time. Might these things be connected?
2-24-2015 Intel/Newshound Guru tman23 Article quote: "{Baghdad: Euphrates News} central bank, announced Tuesday, to stop work and currency auction system"...AND...begins remittance system...THIS IS THE WHISPER OF INTERNATIONAL!
2-24-2015 Intel Guru TerryK TALKED TO TWO SOURCES THIS AM AND THEY ARE BOTH TELLING ME ANY TIME.
2-24-2015 Newshound Guru Millionday [Did we get confirmation that the rest of the budget got into the Gazette?] YES THEY ANNOUNCED THAT THE ENTIRE BUDGET HAS BEEN PRINTED --- ACCORDING TO A COUPLE REPORTS...SO ACCORDING TO THEM IT HAS AND IS TO BE ACTIVATED NOW AND DISTRIBUTIONS WILL BEGIN THE BEGINNING OF THIS WEEK. [ if the whole budget has been placed in the Gazette, doesn't that mean that the CBI has to fund it in the next 24 hours?] NO IT MEANS THAT THEY WILL BEGIN AND THEY HAVE STATED THAT THEY ARE AT THE BEGINNING OF THIS WEEK.
2-24-2015 Newshound/Intel Guru BGG to address...ISIS being some "hold-up" - my info and sense might lead me to the exact opposite conclusion - ISIS may well be a "catalyst factor" to a more immediate RV... further - I am suspicious the budget has been "slow walked" because they just don't have the $$...some time ago I mentioned they had applied for loans everywhere - knowing this was coming. It may be they haven't gotten the support they need to "cover" (which I'm thinking is the case) and had to "slow the process"...
2-24-2015 Newshound Guru Millionday ABADI IS TAKING CARE OF THE HCL -- FINISHING THE AMENDMENTS ACCORDING TO THE MEDIA. IRAQ AND KURDISTAN HAS ACCEPTED WHAT HE HAS AMENDED. THE AGREEMENT THEY MADE IS APPLIED IN THE NEW AMENDMENTS. IT CONTAINS THE DISTRIBUTION OF WEALTH AS AGREED -- GREAT NEWS. THE LAW WAS SENT TO PARLIAMENT AS IS EXPECTED TO BE VOTED THROUGH. [do you think oil & gas law will be in parliament tomorrow (Tuesday)?] THEY STATED THAT WHEN IT WAS READY THAT THEY WOULD BE HAVING AN EMERGENCY MEETING SO EVEN THOUGH IT IS NOT ON THE AGENDA...-- I WOULD NOT BE SURPRISED AT ALL.
2-24-2015 Newshound Guru Chattels yesterday much was made of the HCL being "done". It is NOT done. It may get done, but there is work remaining.
2-24-2015 Newshound Guru Tlar ...if they want the Iraqi's to trust banks again, they better not drag this out. This cannot continue for days ...I don't know what the holdup is but they better do it in the next couple of days or...reverse everything and re-start the auctions immediately...they can't stay where they are. They need to pull the trigger now before people loose total trust in the banks again and all the goodwill they have been attempting to install in the population is destroyed. ...my thoughts on the staging rate has never changed. I think it will be a managed float from a staged rate. That is what the 2008 Stategic Study suggested to the CBI as part of their summary. I believe the Study is what they are following but that the rate suggested in it has been modified to fit the new facts on the economy and changes since 2008.
2-24-2015 Newshound Guru Enorrste Furthermore...this change by the CBI allows for freely convertible currency between countries. This gets us very close to an internationally tradable currency. I am not sure that the dinar is quite to that point yet, but certainly it is heading in that direction. If we see it begin to be traded electronically instead of only physically as we have gotten our dinars, then the currency will be truly freely convertible. ...if they do not change to a flexible exchange rate regime once this gets rolling then Iraq will begin to suffer inflationary pressures. Therefore we may reasonably expect them to change the exchange rate regime in the near future. [post 2 of 2]
2-24-2015 Newshound Guru Enorrste Article quote: "the transition to a new phase is to conduct foreign remittances through the banking system within the mechanism developed for it." Iraq is under the protections of Article XIV which prevents other countries from suing it for war reparations or anything else, for that matter. Under this Article there are also restrictions placed on Iraq with the IMF. However, all of the "big boys" are under Article VIII, which allows full international commerce, banking, etc., including the right to sue if necessary. It is necessary for Iraq to move to Article VIII if it wants to open commerce completely. At this point, some companies and/or countries are leary of investing in Iraq because if something goes wrong they have no recourse. Opening up to foreign remittances goes a long way toward getting Iraq ready for Article VIII. ...foreign remittances acceptance means that people can move funds freely back and forth. This means that if a foreign company wants to invest in Iraq it will have the ability to send home the profits. This is huge. [post 1 of 2....stay tuned]
2-23-2015 Intel Guru Delta CBI will fund Budget by...de-dollarizing with lower denoms...removing remaining USD for lower IQD's...and to do so the rate must change... Date...in the still of the night; on a Tuesday or a Thursday.
2-23-2015 Intel Guru NOVA There is only two choices for the CBI, because as of yesterday the value of the IQD IS ZERO!!! No Auction and No Exchange Rate. That Tells Me The Value Of The IQD IS ZERO. SO THEY EITHER START THE AUCTION AGAIN AND SET A BUY /SELL RATE OR GIVE US THE EXCHANGE RATE. WHICH ONE DO YOU THINK THEY’RE ABOUT TO DO? We Really Are At The End!!
2-23-2015 Intel Guru DC Everyone fully anticipated this going down. . . people in key places showed up thinking this was real. CURRENT WINDOW: After 4:00 pm today still is a possibility. Banks were closed this weekend to do last minute accounting. Doing that because they think it’s now...everything else ready to go. US waiting on Iraq. International rate and market rate are the same. The Dinar RI rate expected to be around $3.22 - $3.95. Contract rate is backed by China and the rate ranges from $.50 to $38.50. Dinar contract rate is capped at 20 million dinar. we will have running chance at contract, as long as pool is available ...don't know how much. All currencies expected to go at the same time.
2-23-2015 Newshound Guru My Ladies THE CBI HAS BEEN CLOSED...NO AUCTIONS, NO MONEY IN AND NO MONEY OUT...THAT SPELLS CLOSED TO ME. THIS CLOCK IS FOR SURE TICKING DOWN...THEY ARE ALMOST READY TO IMPLODE NOW...I'M NOT SURE HOW MUCH LONGER IT WILL BE. Article quote: "The decision to stop the currency auction can be exploited in a positive way by the Central Bank and the Iraqi government," noting that "the implementation of the resolution correctly is not easy, because we must limit the dollar and not to take it out of the market and thus strengthen the Iraqi dinar." THEY ARE SAYING IN SHORT HAND WE ARE DONE NOW. [post 2 of 2]
2-23-2015 Newshound Guru My Ladies EVERYONE IS CALLING AND TEXTING AND FIXATING ON THE BUDGET TODAY...AND TAXES...WELL FOLKS WHO THE HECK CARES ABOUT THE BUDGET? WE SHOULD NOT BE HERE TO SEE THE EXPENDITURE SIDE OF IT ANYWAY. THIS IS MUCH BIGGER, MUCH BIGGER...LOOK AT TIMING...UST IS IN IRAQ! THIS POINTS TO INTERNATIONAL FOR SURE, IF NOT RATE CHANGE...UST DOES NOT CARE ABOUT SOMETHING THAT IS NOT TRADEABLE...FACTA IS FALLING INTO LINE IN IRAQ. [post 1 of 2....stay tuned]
2-23-2015 Intel Guru TNT Tony There is superfantastic information! Something could happen after 4:00 pm today. They...expected all of us in the bank today. ...everybody was ready to move. getting text messages that "Gazette is fully published at this point." ...they are absolutely ready to go. If they published entire thing in the Gazette they are absolutely ready to go.
2-23-2015 Newshound Guru Enorrste ...once the CBI changes its exchange rate regime from a fixed rate to a floating rate then, ipso facto, the official rate becomes the street rate.
2-23-2015 Newshound Guru Millionday THE BUDGET HAS BOTH CHAPTERS POSTED IN IT ACCORDING TO NEWS. [If the budget is complete ...now it'll go international...within 24/48 hrs?] THEY HAVE NOT SAID HOW LONG BUT THEY HAVE MANY AGREEMENTS THAT ARE PART OF THE ECONOMY. THE HCL IS ACCEPTED AND COMPLETE AND ALSO BEST OF ALL CONSTITUTIONAL...THE KURDS WILL BE GETTING THEIR FUNDS FOR OIL AND THE CITIZENS THAT WILL RECEIVE AS WELL...SO NOW IT GOES TO PARLIAMENT -- EXCELLENT NEWS...PARLIAMENT RETURNS TOMORROW. [do you think it is tomorrow parliament HCL?] I THINK IT IS IN A HUGE RUSH AND MAY BE HANDLED TOMORROW -- WE HAVE SEEN REPORTS THAT SAYS WHEN IT IS READY THEY WILL DO AN EMERGENCY VOTE ON IT.
2-23-2015 Intel Guru TerryK [the second part// its all in the gazette now//] TOTAL...ALL OF IT... SO WE ARE PRETTY MUCH DONE.
2-23-2015 Intel/Newshound Guru tman23 The strange thing is that the 2015 Budget could have been published in the Gazette all at one time...And a commencement order by Abadi to enact only certain parts and given a date of future for others...This is the NORMAL...BUT...they didn't do it this way which makes it sooooo strange...2 Possibilities exist...One is could there be more issues between Erbil and Baghdad that may exclude some portions of the Budget ...well once again Abadi could just work with commencement orders...The 2nd speculation could be the numbers actually change...The CoM meets tomorrow and then 3/2 being the next...We need to see what comes out tomorrow from the CoM...and will there be any implementation orders issued.
2-23-2015 Intel Guru TerryK IRAQ IS GOOD WITH THE HCL...THE KURDS HAVE NOT SIGNED OFF ON IT YET. [do you think we are ever going to be through?] THIS WEEK IS WHAT I WAS JUST TOLD BY A SOURCE. [do you think VND will go up in value before dinar?] IM HEARING AT THE SAME TIME...SAME BASKET OF CURRENCIES.
2-23-2015 Newshound Guru sczin11 I MAINTAIN IF TARIFFS ARE TO BE IMPLEMENTED NEXT MONDAY, WE SHOULD KNOW SOMETHING BY THEN...THEY CAN NOT CONTINUE TO DELAY, OR THE BUDGET DEFICIT WILL INCREASE. THEY NEED THE REVENUE FROM TARIFFS AS PART OF THEIR ATTEMPT TO BALANCE BUDGET...PART OF THEIR BUDGET DEFICIT REDUCTION PLAN...NEVER HAS IT, THE TARIFFS, BEEN MORE CRITICAL TO THE NEW IRAQ...AND IF THEY DELAY IMPLEMENTATION, THEY CANT MAKE UP FOR LOST DAYS OF REVENUE. I BELIEVE THE MR [MONETARY REFORM] PLAN IS IN MOTION, AND WE NEAR ITS END.
2-23-2015 Newshound Guru Enorrste As I see it, the CBI is giving up the fixed exchange rate so that it can seek free capital movement and an independent monetary policy (2 of the three mentioned above). This seems pretty evident to me based on the Mundell-Fleming Model mentioned above. They must give up one. They certainly won't give up their independence on monetary policy, and they are seeking free movement of capital. Ergo, the fixed rate regime must go. I am on record that it will begin within the next 15 to 45 days. Others...think it may take until August. I am arguing here for a sooner rather than later date for the reasons I have indicated. [post 2 of 2]
2-23-2015 Newshound Guru Enorrste The following is a quote on floating exchange rate systems: "The debate of making a choice between fixed and floating exchange rate regimes is set forth by the Mundell–Fleming model, which argues that an economy (or the government) cannot simultaneously maintain a fixed exchange rate, free capital movement, and an independent monetary policy. It must choose any two for control and leave the other to market forces." "The primary argument for a floating exchange rate is that it allows monetary policies to be useful for other purposes. Under fixed rates, monetary policy is committed to the single goal of maintaining exchange rate at its announced level. Yet the exchange rate is only one of the many macroeconomic variables that monetary policy can influence. A system of floating exchange rates leaves monetary policy makers free to pursue other goals such as stabilizing employment or prices." [post 1 of 2....stay tuned]
2-23-2015 Newshound Guru Tlar They still officially have not put out the whole budget. To my knowledge they have not put out the spending side of the budget as of late yesterday. I think this is a very calculated move... March 1st is the taxes and tariffs. ...the CBI does not have the tools for the budget at 1166 and...an RV is the only option left for them. They are boxed in so to speak. Logically speaking from what we think we know at this time, they don't have enough dinars on hand to open their budget without using the LD's. If they don't RV they will have three choices only IMO with which to fund this budget. Re-release the counterfeitable notes... Second, quickly order and print more of the uncounterfeitable notes... Third...They fund their budget with USD which would mean restart the auctions continuing as they have done in the past. I will not begin to worry or get nervous unless they publish the spending side of the budget and it is at 1166, and then they disburse the funds at 1166. Until then I am comfortable with what's going on and the feeling THIS IS IT AND MARCH 1ST IS NOW THE LAST BACKSTOP.
2-23-2015 Newshound Guru Millionday [Is there any ink on a constitutional timeframe requirement to open (fund) the budget once it is published in Gazette?] I KNOW THAT 24 HOURS PAST SIGNING WHICH THEY DID NOT FOLLOW SO I BELIEVE CORRECT IS WHAT THEY ARE SHOOTING FOR -- THEY MADE IT VERY CLEAR THAT THEY ARE WORKING WITH A TIMELINE IN THE MEETING OF THE THREE PRESIDENTS SO THIS WILL HAVE TO BE APPLIED ACCURATELY MORE THAN BY WHAT IS WRITTEN IMO. THEY NEED TO HAVE EVERYTHING PREPARED FOR SUCCESS. THIS PLAN FOR IRAQ IS HUGE -- IF THEY ARE NOT PREPARED IN ONE AREA OR THE OTHER -- SUCCESS TRUMPS ALL. THE PRINTING OF IT HAS BEEN ANNOUNCED TO ALL CITIZENS AND THE PRESSURE FROM THOSE SAME CITIZENS WILL BE GREAT -- THEY NEED JOBS AND ALSO TO SEE IRAQ MOVING FORWARD -- THIS GOV SEEMS TO SEE AND KNOW THAT AND ALSO SEEMS TO BE WANTING THE BEST FOR IRAQ...ABADI IS A GREAT PM IMO.
2-23-2015 Newshound Gruu Chattels Indicative rates - 23.02.2015 with no relevant change for us and no auction results since 19-02 -2015.
2-23-2015 Newshound Guru Millionday CBI HAS STATED THAT THEY ARE GOING TO STOP THE AUCTIONS FOR FOREIGN REMITTANCE AND THAT WOULD REQUIRE INTERNATIONAL ACCEPTANCE AND ALSO IS PART OF THE MONETARY POLICY PER THE REPORT -- THE BUDGET HAS BEEN PRINTED BUT THE REVENUES AND THEY HAVE DIVIDED THE BUDGET INTO TWO CHAPTERS -- WE DONT KNOW IF THIS IS BECAUSE OF THE DISTRIBUTION OR FOR ANOTHER REASON UNLESS WE GUESS AND WE ARE NOT GOING TO DO THAT ...THEY ARE NOT AND I REPEAT -- ARE NOT GOING TO RELEASE EVERYTHING BEFORE IT IS DONE. ...WHAT WE KNOW AND CAN SEE...THE BUDGET IS DIVIDED INTO TWO CHAPTERS -- AND DISTRIBUTION IS EXPECTED THE BEGINNING OF THIS WEEK -- WE HAVE TOMORROW A MEETING WITH PARLIAMENT AND ABADI...WE HAVE AMENDMENTS BEING DONE TO THE INVESTMENT LAWS PER REQUESTS BEING GIVEN TO THE GOV. I HAVE TO SAY -- THIS ALL LOOKS VERY POSITIVE...THEY ARE SHOWING HUGE PROGRESS THAT WE HAVE NOT SEEN BEFORE. 2-23-2015 *** Dinar Guru NEWS FLASH *** Multiple Intel and Newshound Gurus are all pointing to Sunday and Monday as pivotal days for the future of the dinar...they are reporting the budget is to be published, the CBI is making huge procedure changes and other international banking updates...Guru Millionday sum it up...WE STILL DONT HAVE A DATE OR RATE BUT CBI IS MAKING HUGE CHANGES THAT THEY HAVE BEEN WORKING ON FOR THEIR REFORMS AND WE SHALL SEE WHAT COMES OF THIS AND WHAT IMPACT IT HAS TO ALL THE VALUES OF THE IRAQI DINAR DUE TO THIS CHANGE...we don't know if all this happening at one time is coincidence or if there is something to the timing...stay tuned as this super exciting story unfolds over then next 48 hours! If you are not on the official Dinar Guru Alert List now is a fantastic time to do so...it's free as always...get on the list by clicking here now... [the latest guru updates will continue below]
2-22-2015 Intel Guru TerryK WELL I DON'T MIND TELLING YOU ALL THAT I'M PRETTY EXCITED...WE HAVE SOME BUDGET PUBLISHED. HEARING THE OTHER PORTIONS COULD BE AS SOON AS TOMORROW. THINGS MOVING FAST IN IRAQ.
2-22-2015 Intel Guru Frank26 [In order to enact or implement the Tariff Law by march 1, they must have a new rate? Correct?] Yes but REMEMBER...As they are doing with Budget...So they can do with March 1st. They are NOT breaking any rules. Just Your heart for taking it slowly. IMO...This is wise.
2-22-2015 Newshound Guru sczin11 I MAINTAIN NEXT MONDAY IS A BACKWALL FOR VERY TELLING INFO...THE TARIFFS ARE TO BE IMPLEMENTED BY THEN, AND THE NEED TODAY MORE THAN PREVIOUS YEARS, IS THAT THEY HAVE BEEN FIGURED INTO THE BUDGET DEFICIT REDUCTION PLAN, THE TARIFFS THAT IS... TARIFFS AT THE CURRENT RATE TELL ME IRAQ WILL IMPLODE AND RETURN TO TRIBAL LEADERSHIP, JMHO. SO NOW WE SEE WAIT THE NEXT FEW HRS, DAYS BRING...WILL THEY IMPOSE TARIFFS NEXT MONDAY? WILL THEY PUBLISH EXPENDITURES INTO THE GAZETTE? WILL THE CBI PROVIDE THE GO GO JUICE SO MOP AND MOFS CAN IMPLEMENT THE BUDGET? [post 2 of 2]
2-22-2015 Newshound Guru sczin11 IF IN FACT IT IS TRUE, THAT THEY HAVE WITHHELD THE EXPENDITURES PART OF BUDGET FROM THE GAZETTE...CAN ONLY MEAN ONE THING, IMHO, THEY ARE NOT READY TO FUND THE BUDGET...CBI NOT READY..OR GOVT NOT READY...SOMEONE NOT READY...THE GOOD NEWS, IMHO, THEY BETTER GET READY FAST IF THEY WANT TO IMPLEMENT TARIFFS BY NEXT MONDAY! [they have delayed the tarrifs before. Why not now?] THE ONLY EDUCATED ANSWER I CAN GIVE YOU IS THEY APPROVED A BUDGET BASED ON REVENUES FROM TARIFFS...IF THERE ARE NO REVENUES GENERATED BY TARIFFS, YOU CAN KISS THE NEW IRAQ GOOD BYE! JMHO. [post 1 of 2....stay tuned]
2-22-2015 Newshound/Intel Guru BGG ...the budget published and the CBI auctions being ended on the same day appears to be very good news. We should wait and see what the next few days brings.
2-22-2015 Newshound Guru Enorrste Finally, since the vast majority of goods in Iraq are imported, this will affect the entire economy, not just a small sector of it. Thus, the change in the exchange rate regime is, really, the only way to avoid massive inflation overnight. If, as I suspect will be the case, the dinar is allowed to float, it will rise in value at least fast enough to offset the inflationary pressure from the tariffs. My own view is that it will rise faster than the pressure from the tariffs and that there will be mild deflation in Iraq. This will, then, with the imposition of the new system by the CBI, allow free access to Iraqi markets, which will bring in more investment quickly. The new influx of money into Iraq from foreigners will offset the deflationary tendency from the imposition of the float. Thus, all will work together at the same time to bring Iraq into "parity" with the world market. I just cannot see how they can do one thing without the other (tariffs versus moving to the float). [post 2 of 2]
2-22-2015 Newshound Guru Enorrste The implementation of tariffs in Iraq almost certainly will require a change in the exchange rate regime at the same time. If the tariffs are implemented without a change in the currency regime, then prices in Iraq will go up overnight, literally. I suspect that the tariffs could be imposed gradually, but I see nothing to indicate that this is what is planned. On the other hand, the ...article that came out yesterday about ending the auctions tends to point to a major shift in strategy rather than a piecemeal movement toward openness. That being said, I am of the opinion that the institution of the float will commence either with, or shortly after the imposition of tariffs. Otherwise there will be inflation in Iraq, on the one hand, and an inability of the locals to purchase foreign goods, on the other, due to the rise in the prices of those commodities. [post 1 of 2....stay tuned]
2-22-2015 Intel/Newshound Guru Poppy3 TODAY IS AWESOME IN OUR INVESTMENT...IF YOU AREN'T EXCITED AT THE NEWS YOU SHOULD BE...BUDGET POSTED IN THE GAZETTE....I DIDN'T THINK THE NEW RATE WOULD SHOW TODAY BUT THEY HAVE TRULY SET THE STAGE FOR THEM TO RAISE THE RATE AT ANYTIME. EXPECT CONTINUED REPORTS TILL LATE TONIGHT AND MANY MORE UPDATES TOMORROW ON ALL THE CHANGES THEY HAVE MADE TODAY. THESE WERE NOT JUST ANNOUNCED THEY WHERE IMPLEMENTED. THIS WAS THE ACTIONS WE NEEDED TO TAKE PLACE.
2-22-2015 Intel Guru Frank26 We told You the budget would open at 1166...And on this date ...Now watch the next step of this budget with The Laws in the comings weeks. [Guru] DELTA told me yesterday that Iraqia TV is plastering the Budget and Economic Reform goals of the Budget to...THE CITIZENS. Unless later today they shows us...Auctions have ended.
2-22-2015 Intel Guru TNT Tony Budget published for everyone to see...banks closed yesterday and today. History is being made.
2-22-2015 Newshound/Intel Guru BGG Now here's something a little weird - indicative rates listed on the CBI website are for 2.22 [2-22-2015] - however, the last auction shown is for the 19th...usually when they update the rate - they have the most recent auction listed as well...in such circumstances they don't usually post the indicative rates for the day until they do the current auctions...they update the whole site at once. It would also appear they have stopped the currency auctions.
2-22-2015 Newshound Guru My Ladies THE CENTRAL BANK AUCTIONS HAVE STOPPED AS THEY SAID THEY WOULD...THE EXCHANGING OF FOREIGN CURRENCY IS NOW UP TO THE INDIVIDUAL BANKS...BIG STEP BUT NOT QUITE BIG ENOUGH BECAUSE IT DOES NOT SEEM THEY ARE MOVING THIS PROCESS OUTSIDE OF IRAQ YET. SO WHEN WE SEE THE AUCTIONS WITH ALL THE DIFFERENT CURRENCIES SOLD THAT IS BECAUSE THE CBI HAS BEEN DOING IT, BUT NOW WITH THAT JOB BEING ON THE INDIVIDUAL BANKS IT SEEMS TO ME THEY HAVE TO LEAVE THE BORDERS. SO WE ARE GOING TO SEE WHAT HAPPENS TOMORROW, THE DAY IS ENDED THERE ALREADY. TOMORROW THE WORLD WILL BE AWAKE AND READY TO PLAY.
[post 3 of 3]
2-22-2015 Newshound Guru My Ladies AS I THOUGHT THE FIRST CHAPTER MADE THE ERBIL AGREEMENT LEGAL...THE REVENUE PART OF THE BUDGET MADE THE AGREEMENT LAW BUT NOW THE KURDS WANT THE SECOND CHAPTER. THAT’S THE CHAPTER WHERE THEY GET PAID. THE KURDS ARE DEMANDING THE SECOND CHAPTER OF THE BUDGET. THEY ARE THREATENING TO WALK AWAY AGAIN. [post 2 of 3....stay tuned]
2-22-2015 Newshound Guru My Ladies Quote: "The new issue of the Iraqi Gazette number (4352), and included separating the first estimate of the federal budget for the financial year / 2015 revenue of $ (940,483,641,39) ninety-four thousand and forty-eight billion three hundred and sixty-four million one hundred and thirty-nine thousand dinars." THE BUDGET HAS BEEN PUBLISHED BUT IF YOU READ IT CLOSELY IT SEEMS THEY SEPARATED THE CHAPTERS AND ONLY CHAPTER ONE HAS BEEN PUBLISHED WHICH IS THE REVENUE. I THINK THEY PUBLISHED THE REVENUE CHAPTER AND THIS MADE THE AGREEMENT WITH ERBIL FOR PRODUCTION LEGAL... THEY STILL NEED THE EXPENDITURE CHAPTER TO BE PUBLISHED. SO WE WAIT AND SEE WHAT THEY DO NEXT. [post 1 of 3....stay tuned]
2-22-2015 Newshound Guru Chattels No currency auction report as yet. Indicative rates posted as of 22.02.2015 and without any relevant change. The latest ( LAST ? ) daily currency auction was held in the Central Bank of Iraq on the 19-02-2015...if there is to be a currency auction report then it is late.
2-22-2015 Newshound Guru Enorrste Article quote: “Governor of the Central Bank, explained that "It is not true that the central stays busy selling the currency like ATM daily", stressing that "the transition to a new phase is to conduct foreign remittances through the banking system within the mechanism developed for it." ...the definition of foreign remittances: Foreign remittance can be defined as ‘the purchase and sale of freely convertible foreign currencies'. The CBI is stopping the auctions, effective tomorrow morning. This is a fact. We know that the auctions were the primary monetary tool that the CBI used to hold the exchange rate on the street within 2% of the official CBI rate for the dinar. To summarize: the auctions are ending, being replaced with foreign remittances. Foreign remittances are only possible with a freely convertible currency. A freely convertible currency is one that is internationally recognized. In order for this to work, the CBI will have to move from a fixed rate regime to a floating currency or suffer from inflation. Therefore, I predict that they will do so sooner rather than later. I predict within the next 15 to 45 days...
2-22-2015 Intel Guru TerryK HEARING THAT THERE IS A LETTER OUT THERE THAT THE BANK OF IRAQ IS GOING INTERNATIONAL TOMORROW [SUNDAY] ...SOURCE TELLING ME THAT... I THINK TOMORROW IS OUR DAY AND TOO MANY THINGS GOING ON FOR IT NOT TO BE. 2-21-2015 Newshound/Intel Gurus NOVA & MY LADIES YESTERDAY THE CBI TOLD ALL OF IRAQ THAT EFFECTIVE FEB 22ND THEY WILL IMPLEMENT A SYSTEM THAT WILL ALLOW THEM TO HOLD FOREIGN REMITTANCES ON THEIR BALANCE SHEET, AND LIKEWISE FOREIGN ENTITIES WILL BE ABLE TO HOLD DINAR ON THEIR BALANCE SHEETS. THEY JUST TOLD US THAT THEY ARE GOING TO BE INTERNATIONAL ON THE 22ND. WE ALL LOOK TO THE CBI NOW TO SEE WHAT THEY HAVE DECIDED ON FOR AN EXCHANGE RATE.
2-21-2015 Newshound Guru Bondlady Article quote: "Iraqi Central Bank Governor disclosed the relationship to Sunday 22 of this month will see the discontinuation of the auction and the adoption of the banking system as a responsible foreign remittances..." tomorrow folks they stop the auctions...no more auctions, thats huge... we had to see that before there could be a monetary change...its time to throw out the old and in with the new CBI procedures in order to diversify and move the country forward and grow the economy and banking areas up to pre war status...imo they are doing it and moving on with the CBI monetary reform...after all these years of the same monetary policy to see all that change and to come off the programmed rate will be huge...we don't know what they will do yet and nobody does...we can guess all we want to but we don't know if it'll RV, do nothing for a minute or a RI or a float...they need to get Iraqi's used to dealing with dinar and not the dollar they have become so accustomed to...the CBI will release the new money...We don't know what rate will be on those notes no one does but I feel like imo the CBI is about to show us soon!
2-21-2015 Newshound Guru Tlar Article quote: "Tariq Al-araji Iraqi Central Bank Governor disclosed the relationship to Sunday 22 of this month will see the discontinuation of the auction and the adoption of the banking system as a responsible foreign remittances, referring to direct a study shows the feasibility of deletion of the historic heart in this stage." No more remittances. No more auctions = RV. They cannot RV without introducing a new currency. Like I have been saying, this is the weekend and this is what we have waited for. In the banks words, "Sunday it all changes". I feel pretty sure this is what we have been waiting for. No more auctions is great but no more remittances is even better. That means the banks will be doing wiring and such using the new swift codes. Everybody relax. It isn't over until it is over. We should know if this is it by Monday.
2-21-2015 Intel Guru Jester THE INTERNATIONAL BANKING CONTACTS ARE FEELING GOOD ABOUT THINGS...MAIN CONTACT THAT ORIGINALLY TOLD US THIS IS A GOOD TIME…ARE SAYING NO CHANGE...I DON'T HAVE ANYONE RAINING ON THE PARADE RIGHT NOW... FOR THE FIRST TIME I CAN REMEMBER.
2-21-2015 Newshound Guru Stryker [via rsskelton] Stryker does not do rates or dates, but does refer to windows of opportunity. In fact he specifically stated that... Does he feel that Sunday is one of those windows? Yes, he does. He did say he felt we had never been this close.
2-21-2015 Newshound Guru Millionday [So all this means is that Monday we have a great chance to go to the bank and cash in?] THIS MEANS WE STILL DONT HAVE A DATE OR RATE BUT CBI IS MAKING HUGE CHANGES THAT THEY HAVE BEEN WORKING ON FOR THEIR REFORMS AND WE SHALL SEE WHAT COMES OF THIS AND WHAT IMPACT IT HAS TO ALL THE VALUES OF THE IRAQI DINAR DUE TO THIS CHANGE. [Would you agree we will never have a date? Only a rate...?] I WOULD AGREE THAT IT WOULD JUST SHOW AND NO DATE WILL EVER BE GIVEN AHEAD OF TIME -- YES. SO ONE LAST THING TO SAY ABOUT THAT REPORT... IT SMELLS OF ECONOMIC PROGRESS AND THE FACT THAT IT IS SUNDAY MORNING IS SO VERY EXCITING -- SO I TOO CANT WAIT TO SEE WHAT COMES OF IT...WHOOPOW! [post 3 of 3]
2-21-2015 Newshound Guru Millionday [don't they have to have a rate to delete the zeros?] THE REMOVAL OF THE THREE ZERO CURRENCY WOULD BE A RESULT OF NOT NEEDING THE LARGER DENOMINATIONS. [does this mean that RV could happen at any time, maybe on publication of budget Sunday, or does the deletion of zeros refer to the RV, and is something that will still take much time in preparation?] YES THIS MEANS THAT THEY COULD BE SETTING THE INTERNATIONAL RATES AND THE NEW PURCHASING POWER FOR THE DINAR AS WELL PER THE GLOBAL PRICING INDEX AND ALSO ACTIVATE ALL INTERNATIONAL BANKING AND TRADE MECHANISMS AS THEY GO -- WE JUST DONT KNOW AND HAVE TO WAIT AND SEE BUT I HAVE TO SAY -- THIS IS VERY EXCITING. [post 2 of 3....stay tuned]
2-21-2015 Newshound Guru Millionday Quote: "All banks reported this mechanism", and as pointed out that "the Central no longer a party to the process of buying and selling the currency," revealed that "on Sunday will be the application of this mechanism." THIS IS...A STATEMENT FROM THE GOV OF CBI...ALL BANKS ARE READY AND HE IS PREPARED TO MONITOR THE ENTIRE POLICY- THE NEW ONE...NO LONGER WILL THE AUCTIONS BE PART OF THIS. THIS IS THE MARKET MECHANISM WE HAVE BEEN TOLD HAS BEEN PLANNED. HE WILL AND THE EXPERTS WILL BE CHECKING THE REMOVAL OF THREE ZEROS TRANSITION AND THE STEPS TO COMPLETE IT...AS IT WILL TAKE TIME...FOR THE PROCESS TO BE COMPLETE...FROM BEGINNING TO END. [So according to this...tomorrow (Saturday) should be the last auction correct?] YES...THAT IS THE FIRST SIGN WE SHOULD SEE -- NO MORE AUCTIONS. IN THE MORNING THE ACTIVATION OF THE MONEY LAWS WILL BE DONE AND ALSO ALL THE STEPS DESIGNED TO MOVE FORWARD WITH THE EXCHANGE RATES AND ITS STABILITY ALONG WITH FOREIGN EXCHANGE RESOURCES DESIGNED TO MEET THE NEEDS OF THE BANKING REFORM...THIS MEANS THE 22ND OF FEB -- SUNDAY. [post 1 of 3....stay tuned]
2-21-2015 Intel Guru TNT Tony [via Sunny & okrocks] IN THE MOSQUES THEY SAID WHEN THE BANKS OPEN...TOMORROW [FRIDAY]... AND ON TV...ECONOMIC REFORM WILL TAKE PLACE. They are saying it will be an RI. An RV could be days to months, but I don't believe the month part. The RI will reinstate the currency to the $3.22 level and then add for inflation and it's expected to be anywhere from $3.40 - $3.95 range. Hearing, we will see an RV after that... and...the rate goes up from there. THEIR 3 ZERO NOTES WILL BE GOOD FOR A SHORT PERIOD OF TIME, DONT THINK THAT EFFECTS US OVER HERE. IT COULD HAPPEN THERE TOMORROW MORNING [SATURDAY] OR EVEN SUNDAY WHEN THE GAZETTE COMES OUT... BUT WE MAY NOT SEE IT TIL MONDAY...SO WE ARE EXCITED.
2-21-2015 Intel Guru DC [via Sunny & okrocks] IRAQ TV and Mosques telling people the restructuring is coming; to listen to the media for directions and in the Mosques saying when they go to the bank tomorrow [Saturday] they will see the new rate! It will be an RI! Expect between $3.40 - $3.95. [What is different this time?] ...budget passed this time was very specific regarding departments, projects, ISIS. Lower denoms have been issued to the provinces. Then there are the banking laws in place, and cards tested. ALL ARE JUST WAITING ON IRAQ...BE CAUTIOUSLY OPTIMISTIC...BUT IT LOOKS REALLY GOOD.
Read more: http://www.dinarguru.com/#ixzz3T3DjOfOO
2-20-2015 Newshound Guru Kaperoni Article: "Tomorrow is a new mechanism for buying and selling the dollar" So my initial review of this is that the discussions last week about the auctions, the parliament limits, news rules for buying/selling are going into effect this Sunday. This is all related to market rate and IMO an attempt to get into IMF compliance. We will have to see how this new plan works come Sunday...with a current market rate of 1237 we have to hope that this will reduce the spread. Quote: "the project is still there "adding that he" has direct development of a study to demonstrate the feasibility of its application and to ensure the safety of its application procedures " ...these procedures are getting rid of the old ways of doing the auctions and the central bank is getting away from being a currency exchanger...the Central Bank has better things to do than deal in a currency auction....these new processes are what all other central banks do that engage with the global economy. So this is a good thing.
2-20-2015 Newshound Guru Millionday Quote: "Iraqi facts circle, on Thursday, confirmed on Sunday that the next date of publication of the Federal Budget Law for 2015 in the Journal of the facts..." THE BUDGET WILL BE PRINTED IN THE GAZETTE ON SUNDAY AND WORK IS BEING DONE NOW TO PREPARE TO SEND OUT THE FUNDS PER THE BUDGET. THE BUDGET WILL BE PRINTED IN 3 LOCATIONS -- THE GAZETTE -- DISTRIBUTION CENTERS -- AND THE LIBRARY OF JUSTICE AT THE MINISTERS LOCATION -- WHOOOPOW.
2-20-2015 Newshound Guru Tlar Article: "Announced the parliamentary finance committee member Masood Haider, Friday, for the central bank kept the deletion of zeros from the Iraqi currency." If they open the budget at 1166 and dispense funds at 1166, it will be a major disappointment...I will view it as a major mistake and failure of the Abadi government to follow through. While it is true it does not mean our investment failed, I do believe we will be in for another year of waiting if they miss this opportunity and another 12 months for Maliki to erode the effectiveness of the government...My fear is Abadi's program will sputter out if they don't do it now... The encouraging thing to me about this negative article is that the CBI thinks "this is the time"...meaning to me the decision has been made by the CBI. ...time will tell.
2-20-2015 Newshound Guru Adam Montana [WHY do you think the 2015 budget has NOT been published in the Gazette as of yet?] Calm before the storm if this is indeed our time! *fingers crossed* There is more that I'd comment on, but at this time I'm going to bite my tongue and wait to see what comes through the pipelines... we are close to the end of this ride, but we have to wait it out.
2-20-2015 Intel Guru Frank26 [Article] The CBI has terminated the buy and sell period process internally within their banks…The CBI has a new mechanism for the buy and sell process internally within their banks. They talk about the study of lifting the 000's ....... NOT the lifting of the 000's…IMO ...... This is stupendous !!! Such news should require an emergency ....... But TEAMS WANT to see what opens up this Sunday....... I agree…THE LAWS are about to be given LIFE via the legal opening of the 2015 BUDGET and THE CBI is saying .......... Yes....... They agree with this new ...... GOICBI! This is a serious accomplishment in the MR of the IQD ...Your investment. We have MORE…We need SUNDAY DATA first.
2-20-2015 Newshound Guru Breitling [Ultimately] They want to separate into 3 states (not 3 countries)…the Kurds, the Sunni and the Shia and they want to have equal representation and they want access to the oil and all that wealth. In the end it's all about that oil and it's all about that wealth. I don't care what anybody says…that's what they're after…that's what they're killing each other for.
2-20-2015 Newshound Guru Millionday [...is there a way for them to fund the budget without an increase in value?] THE REALITY VALUE DUE TO THE GLOBAL PRICE INDEX FOR A MARKET ECONOMY WOULD BE NICE TO SEE -- THEY HAVE ALOT OF INTERNATIONAL CONTRACTS AND AGREEMENTS IN THE BUDGET -- WHAT WE WANT IS TO SEE A MARKET ECONOMY AND KNOW THE TRUE VALUE OF THE DINAR FOR THAT MARKET -- THIS IS FINANCIAL PROGRESS FOR IRAQ -- AND WHAT IS NEXT WOULD TAKE A CRYSTAL BALL BUT WE ARE WATCHING FOR EVERY CLUE WE CAN FIND...STICKING TO THE INK IS WHAT I PREFER. IF THE VALUE OF THE PURCHASING POWER OF THE DINAR CHANGES AND THE INTERNATIONAL RATES ARE RELEASED IT WILL BE DONE BY DATA ENTRY ALL AT ONCE -- ELECTRONIC CHANGE IN THE MARKET -- INCLUDING THE NEEDS FOR THEIR BUDGET ETC. I DO NOT KNOW WHAT THIS WILL BRING FOR US -- I WILL NOT CALL IT -- SO KNOW THIS IS A HUGE WHOOPOW.
2-20-2015 Newshound Guru Tlar Article quote: "but he pointed out that" this is not the time to replace the currency, and that the lack of security and economic stability in Albulad." While security is important this article implies that the CBI thinks the timing is right. With all the recent changes in the banking sector, taxes and tariffs being implemented on March 1st, the swift coads being issued to independent banks, loc's being pushed and bacvked by the CBI,currency being flown to outlying territories, budget being posted on Sunday in the Gazzette, economic laws being passed shortly if not already but just not published, there is plenty of things that screem the timing is right. I have stated that we will know shortly because that is what I believe.
2-20-2015 Intel Guru Mnt Goat This all comes on the heals of this gold buying frenzy by the CBI we heard about recently. We also know that the chairman of the CBI wanted the revalued currency to come out at a very high rate to the international community and they were told they had to have solid assets to back it up. With the declining oil prices they needed to make this gold deal. Thus the gold. Do you see also why an RV rate of 10 cents or 40 cents, 1.17 or even anything less than the pre-war value is ridiculous? They didn’t need the gold to back that kind of initial rate. We know the free market is going to drive the rate into a buying frenzy once public but it is the initial rollout rate they must prove to the IMF its value. I believe its all about to happen very soon. I am hearing they need the weekend (and maybe into early next week) to prepare and distribute the lower denominations. I do not like to predict rates for the IQD but I am hearing that we could see a $3.58 up to $4.00 range when it goes international but certainly well over pre-war rates. Yes – it really is about to happen folks! [post 2 of 2]
2-20-2015 Intel Guru Mnt Goat We have been waiting for the opening of the 2015 budget and the distribution of allocated funds to each of the provinces. We know that in order to accomplish this they must complete the economic reforms and in particular the currency reform. So yesterday, Thursday 02/19 out pops news from the Parliamentary Finance telling us that next week all the provinces will see the release of the federal budget funds for the ministries...Article quote: "...the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week..." Earlier this week we also heard news of large sums of cash being delivered to Anbar providence. ...these can’t be more 3 zero notes since there was a massive effort by the CBI to collect nearly 75+% of these old notes from the citizens. I believe they must be the lower denominations since we heard earlier this month this distribution was about to begin. There are many other provinces that also received large sums for cash this week. [post 1 of 2....stay tuned]
2-20-2015 Intel Guru Jester THE IRAQI BUDGET SHOULD GO IN ON SUNDAY... GOT THAT FROM MY SOURCES...[GURU] TLAR...HE HAS IT RIGHT...THE WORD I AM GETTING IS IT WILL BE PUT IN THE GAZETTE ON SUNDAY... SAME AND WHAT HE IS SAYING...I AM NOT SAYING THAT SOMETHING COULD NOT HAPPEN TO MESS THINGS UP... IT COULD... IT HAS IN THE PAST... BUT FOR RIGHT NOW IT IS LOOKING PRETTY DANG GOOD. SO...IRAQ GETS THEIR STUFF DONE ON SUNDAY.. 48 HOURS TO GET IT INTO LAW... FROM WHAT I UNDERSTAND.
2-20-2015 Intel Guru Frank26 The Budget IS PUBLISHED but not for eyes until SUNDAY.
2-20-2015 Newshound Guru Adam Montana [In your opinion, Besides the HCL what is the single most important thing Iraq should do to achieve the RV/RI?] That's a tough one... I see the HCL as numero uno. If they pass the HCL and we don't have an RV in extremely short order, I will owe you an apology!
2-20-2015 Newshound Guru Millionday "the Iraqi government requires them to sell $119 million worth of crude oil per day to clog the employees' salaries," expected "overcome this crisis with cash that the Iraqi government is facing in the coming months. Mutlaq said that "the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week to enable them to exchange." THEY ARE REFERRING TO A COST ANALYSIS -- THEY MUST SELL 119 MILLION US DOLLAR TO COVER WHAT THEY HAVE BUDGETED FOR THE MINISTRIES...THOSE OF US THAT HAVE BEEN HERE A LONGTIME KNOW THAT WE HAVE NOT READ THESE WORDS BEFORE FROM IRAQ --- FUNDING THE MINISTRIES -- WHOOPOW ...I FIND IT INTERESTING THAT THEY DO NOT STATE THE DINAR AMOUNT -- THEY WILL ONLY BE USING THE DINAR FOR THEIR NATIONAL CURRENCY PER REGULATIONS BY THE CBI -- THE OIL IS PAID FOR IN US DOLLAR AND SENT TO THE CBI AND EXCHANGED THEN FOR DINAR.
2-20-2015 Intel/Newshound Guru tman23 "As for the exchange rate of the Central Bank kept linking the Iraqi dinar US dollar system, and narrowed the gap between the official exchange rate in the market and the budget until it reached 2.6% last September, thanks to the line taken by the central bank towards the liberalization of the foreign exchange market"...THIS WAS AN IMF STATEMENT 12/31/2014..."the official exchange rate in the market and the budget" ...SIGNIFYING MARKET RATE AND BUDGET ARE TIED TOGETHER. 2-19-2015 *** Dinar Guru News Update *** The gurus agree, Iraq's 2015 budget was passed weeks ago...there is disagreement on whether it has been placed in the Gazette to become law or not. Guru updates range from NO...to Yes, but not made public...to, there is a public investigation in Iraq to determine why it's not in the Gazette...obviously, something strange is going on here. Additionally, multiple gurus are reporting Maliki is planning to at BEST throw a monkey wrench into Abadi's GOI plans (which may be what's happening with the budget) to at WORST a out right coup of the GOI...a ton is on the line and it appears the budget is at the center of the tug-of-war. Stay tuned as these stories unfold. [the latest guru updates will continue below]
2-19-2015 Newshound Guru Chattels my belief has always been that any comparison between Kuwait and Iraq regarding the alleged RI /RV of Kuwait's currency after the Gulf is like comparing apples and oranges. Kuwait's currency value was depressed by the war and occupation and people bought it cheaply and made money when the value was no longer depressed...frankly, it is a fantasy to draw any favorable or insightful comparison(s) between the two events.
2-19-2015 Intel Guru MarkZ My phone has been busy and it does very much look like we are on the short side of this thing right now. I have no doubt we will see it soon but I like most of the intel world have been wrong on occasion…I can tell you that the wizards behind the curtains have been busy and I have seen tremendous progress.
2-19-2015 Newshound Guru Tlar Iraq has a liquidity problem. Not enough dinars to go forward. They either print more, or continue on dollarizing, or they must RV. The new dinars are the smalls. They are sitting and waiting release. The choice to me is clear because releasing the smalls with a higher rate dedollarizes the country, alows them to start using the own currency and instantly solves their liquidity problem. ...that's the only option to me that makes sense.
2-19-2015 Intel Guru TerryK TALKED TO THREE SOURCES...THEY ARE TELLING ME THIS SUNDAY IS THE DAY. THEY JUST ALL THREE PRETTY MUCH TOLD ME THE SAME THING AND THE RATE WILL BE OVER 8 BUCKS.
2-19-2015 Newshound Guru Millionday THEY ARE SAYING...THAT THE STOP IN PRODUCTION CHANGED THE COUNTRY`S BALANCE IN PRODUCTS AND OF COURSE SO DID THE INVESTMENT CLIMATE -- SO NOW IT WILL IMPROVE WITH THE OPENING OF THE PRIVATE SECTOR AND THE MARKET ECONOMY -- AN OPEN MARKET ECONOMY WILL ADD BALANCE AND IMPROVE THEIR INCOMES AS WELL SO THEY MUST BEGIN WRITING THE INVESTMENT LAW (AMENDING) AND ALSO CHANGING TO A SINGLE WINDOW -- THAT MEANS LESS RED TAPE A ONE STOP SHOP FOR INVESTMENT PAPERWORK ETC. THEY JUST NEED TO MAKE SURE IT IS SET UP JUST RIGHT FOR THE CHANGES OF REFORMS AND A MARKET ECONOMY -- THEIR GOAL. MEETINGS THEY ARE HAVING ARE ADDRESSING EVERYTHING THEY NEED TO MOVE FORWARD -- LOVE IT. THIS IS OBVIOUSLY REFERRING TO THE CHANGES FOR THE COUNTRY TO OPEN BACK UP TO THE GLOBE SO AS WE KNOW -- THEY HAVE COMPLETED A LOT OF IT -- SO THIS IS GREAT.
2-19-2015 Newshound Guru Kaperoni Article Quote: "the ruling Dawa party on the verge of cracking the fragmentation because of Maliki and practices with Abadi, who belongs to the same party" If the Dawa party (about 30-40 seats) falls apart it will only strengthen the other blocks. Which is good. And with the party falling apart, Maliki is losing control, and losing strength. Looks to me like his followers are abandoning him. Of course as Maliki gets more desperate, who knows what he will do.
2-19-2015 Newshound Guru Tlar With the publishing of the budget we will soon know the truth one way or another. If the budget comes out Sunday and a few days later they start disbursing the funds at 1166, then it is more than likely it will not happen this year. So this is likely the weekend we should see a change if they are going to do it this year. This budget takes all the guesswork out of this IMO... There is plenty of rumors, some supported by articles, and intel is once again heating up that support a change if that is what they do. I am, like so many of you keeping my fingers crossed they actually do it this time. This is a critical time for Iraq and we will see if they stand up to the challenges. IMO their liquidity problem, their lack of dinars, will be solved with an RV and the release of the smalls, or they will have to fund their budget in USD. All articles point to the fact that they want now to exclusively use dinar in country so again... Ministries are calling for de-dollarization now.
2-19-2015 Newshound Guru Aggiedad77 First...there is not likely to be a "new adjusted rate" ...within the budget ...there is likely to be the "language" that will allow for a rate change. Second...though it is possible I don't see a rate being announced ahead of the publication of the budget. Third... depending on what we see within the budget there definitely could be a time frame before we see the budget fully funded...we don't know that time period though...it could be minutes, hours, days...but the longer they wait...the more we believe they hurt themselves. Do not be excited about something we don't control...you will be disappointed...be excited by the action you do see...the BEST is yet to come!
2-19-2015 Intel Guru TerryK Article quote: "Iraqi facts circle, on Thursday, confirmed on Sunday that the next date of publication of the Federal Budget Law for 2015 in the Journal of the facts..." THE GAZETTE GOES TO PRINT SATURDAY...SO IT WILL SHOW IN THE PAPER SUNDAY...SATURDAY NIGHT SUN MORNING.
2-19-2015 Newshound/Intel Guru Arthur There is not some special Gazette where they keep secrets. The Gazette is the Gazette and there obviously is no budget in it yet because when it gets there the whole world will know that the budget is then legal, implemented and open and in the process of being distributed. The very fact that the budget has been signed and agreed upon but not yet in the Gazette tells us there are further steps that are still needed. These steps they are trying desperately to get done by Sunday earliest. Several two and three letter agencies are working feverishly with the GOI and the CBI to get this done. We have to remember this is way bigger than just us few dinarians wanting a pay day...this is big international business which needs this done immediately if not sooner but according to international protocols and mechanisms that make it legal and permanent.
2-19-2015 Newshound Guru Bondlady Article quote: "the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week to enable them to exchange." they are moving quickly to be able to release the fed budget next week...[I don't know what the hold up was on publishing the budget in the gazette...?] it could very well be all the laws needed to pull all this stuff off....to make this budget work. we still got a good shot for the 1st quarter imo. I had said a few weeks ago...If they could open it by say March we could be in good shape to see some sort of monetary change... imo even if it came out at a float instead of a RV or RI...supply and demand would drive up the rate pretty quickly... Abadi following the CBI instructions, CBI helping Abadis gov, Jubouri bringing the laws in an making them happen... its all good... CBI has to show us the way for sure and I feel they are about to...exciting times for us dinar investors for sure after all this time.
2-19-2015 Newshound Guru tlm724 Article quote: "Finance Committee in the House of Representatives member Haider Mutlaq, on Thursday, that the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week..." now they are getting right and we have confirmation from the Minister of Finance on this, let me show you... Quote: "Implement the decision of the Cabinet in its meeting last Tuesday February 17, 2015, and pursuant to the Budget Law for 2015, regardless staff salaries self-financing companies, the Ministry of Finance has taken all necessary steps to pay those salaries procedures and starting from next week." I don't know what the hold up was on publishing the budget in the gazette but they will probably publish it now. I like the way things are coming together.
2-19-2015 Intel Guru Bulldog75 THERE ARE NUMEROUS, MANY REASONS FOR THE HOLD. SOME OF THE CRUCIAL SITUATIONS... INVOLVE: LOWER DENOMS RELEASE, COLLECTION OF ALL THE THREE ZERO IQD, LAW & ORDER, BANKS, DE-DOLLARIZATION, ETC. THE ABOVE TOPICS ARE OF GRAVE IMPORTANCE. GAZETTE DATA WAS DELAYED. THAT MAY SURFACE WITHIN 24-48 HOURS. CRUCIAL AS WELL. RV/CE COMES ONLY WHEN THE TIMING, DATA, INFO, PTB, CBI, GOVT, GAZETTE, TOTAL ABSOLUTE READINESS OCCURS. ...WHEN ONE THINKS IT CAN'T GET ANY CLOSER; THE SNAIL TAKES ANOTHER STEP OF ONE INCH. ...CE/RESET WILL OCCUR IN A FLASH.
2-19-2015 Newshound Guru Millionday UPDATE ON THE PRESIDENTIAL MEETING THEY ARE HAVING... THEY ARE MAKING AN AGREEMENT TO FOLLOW THE CONSTITUTION AND ALSO THE AGREEMENT ON OIL-THE BUDGET -- AND THE ERBIL AGREEMENT WITH THE GOV PROGRAMS -- THEY HAVE MADE HUGE AGREEMENTS WITHIN THE COUNTRY AND THEY ARE STATING THEY HAVE TO MOVE FORWARD WITH ALL THAT HAS BEEN DONE -- THE MEETING WITH THE PRESIDENTS IS POSITIVE AND ALSO VERY PRODUCTIVE IF THEY FOLLOW THROUGH -- WHICH IT APPEARS THEY WILL BE HAVING SOME HUGE ANNOUNCEMENTS...IT APPEARS AS IF THEY WILL BE RESOLVING ALL OUTSTANDING ISSUES.
2-19-20-15 Intel Guru Hocus Pocus [new guru] here is the latest information that I have...Had a little convo with my friend today. Exact words were "things are ramping up over there" They are excited. Having celebrations in the mosques. Very good feeling about how things are going. The notes on the television there are "their money is going to be worth something again". The announcement from last week did not happen. I think they are waiting on it right now but the feeling is it is very close.
2-19-2015 Intel Guru TNT Tony [via Adept1] We know it was timed to go on Saturday and it didn’t because one of the MPs and his staff was killed. We also heard that possibly Maliki and his friends were behind that to get this RV stopped. After this is done, there is no reason for them NOT to get rid of him, so Maliki is stalling this to save his own neck. Then they can show what he did for eight years and the public will become aware. There was an agreement that certain things would be done afterwards...Then they decided to get everything done, because Maliki was using those rules to stall this again. They are publicly telling people that this is ready to go, including the leaders of the provinces, in articles, etc. They have special planes delivering the currency to the provinces...That is how close they are to delivering this to us...
2-19-2015 Newshound Guru Millionday ...PARLIAMENT FINANCE IS INVESTIGATING WHY THE BUDGET HAS NOT BEEN PRINTED IN THE GAZETTE. I HAVE TO SAY -- I JUST DON'T THINK IT IS PRINTED YET -- I WOULD SAY ALL MEDIA WOULD HAVE IN IT THAT IT WAS PRINTED SO I STILL DO NOT THINK IT IS PRINTED IN THE GAZETTE.
2-19-2015 Intel Guru DC [via Adedpt1] The Budget has gone through the normal process for the first time in years. There have been articles saying that the President has signed, it is ratified, and it is in the Gazette although that has not been made public. We talk to people who are intimately involved in the process, so we know for sure it is in the Gazette. However, because it puts the whole system into a bind, they have chosen not to publish it publicly. Maliki has brought up the old 2014 budget and working at causing problems/blocks to progress. Maliki is not controlling the process but it’s causing disruption and delay. So we are waiting on these final laws that are in agreement with the Budget... They have already been negotiated and agreed to... It just takes a quorum to get into Parliament and do it. If that is done tomorrow, we will have an RV in the morning [Thursday]; if it takes until tomorrow, we will have an RV on Friday. Everyone in Iraq is ready... 2-18-2015 Newshound Guru Tlar According to intel the smalls have been delivered and picked up twice before indicating a reversed decision by the CBI. This time this feels different though because recent articles tend to support that they might finally be ready to follow through...in my opinion I think this is all over but the soap. ...do I think this intel is good, YES. (we may be much closer than we think. They can't drag this out without the Abadi government loosing total credibility.)
2-18-2015 Newshound Guru Enorrste Finally, the highlighted part of this article clearly indicates that Maliki is preparing to take action against Abadi "in the coming months". Highlighted quote: "He added Mashhadani that "there is an effort and a clear and serious by al-Maliki and his political team to thwart the current government and put obstacles in front of the current prime minister Haider al-Abadi," likely that "the al-Maliki to bring down the current government or paralyzed as a result of planned al-Maliki implemented in the coming months." So, the question is this: will Abadi be able to stop him? Only time will tell, but the fact that no action has been taken thus far against Maliki seems to imply that he has some serious backing within the State of Law party (also Abadi's party), to the extent that Abadi is apparently helpless to act. I don't like this. [post 2 of 2]
2-18-2015 Newshound Guru Enorrste Article: "Expert: Maliki seeks to bring security chaos to scuttle the current government" This is a frightening article indeed. First, it indicates that Maliki's action are not entirely in secret, which also means that he has a degree of confidence that he will succeed. Second, we know that he has his own security force, but this article also seems to indicate that he is the "current deputy President of the Republic or the planning and implementation of security," which may mean that he has even wider influence over security matters in the country than we might have thought. [post 1 of 2....stay tuned]
2-18-2015 Newshound Guru Adam Montana [do you see all of this speculation playing out for a couple of more years as suggested by some or are we at the peak of something happening?] We are definitely on the brink of SOMETHING... I temper my excitement by reminding myself that regardless of how far they've come in the last couple months, this is still Iraq and things will happen when they happen, and not a moment sooner.
2-18-2015 Intel Guru Mnt Goat ...Prime Minister Barzani, has paid a visit to Baghdad last Sunday, to activate the oil agreement signed between Baghdad and Erbil from late last year. We know that Abadi negotiated a temporary deal for a partial payment to Kurdistan and could not fully implement the oil deal since it was claimed there was lack of liquidity in the banks to back up the 119 trillion budget bill. We believe this lack of liquidity in part is due to the failure to as of yet increase the value of the Iraq dinar.
2-18-2015 Intel Guru Delta If Iraq came out at 10 cents the Forex will drive it up like crazy and it won’t take months.
2-18-2015 Newshound Guru Millionday Article quote: "Governor of the Central Bank...announced the desire of foreign investment companies to enter the Iraqi market...and the adoption of the single window to encourage investment in the country, being a real breakthrough for the revival of the Iraqi economy." WOW, THE CBI GOVERNOR IS STATING THAT THEY NEED TO HAVE MORE INTERNATIONAL INVESTMENT IN THE COUNTRY... THEY WILL NEED TO BE INTERNATIONALLY RECOGNIZED TO OPEN TO A MARKET ECONOMY -- FREE TRADE AND CUSTOMS /TARIFF PER TRADE AGREEMENTS. VERY INTERESTING THAT IT IS CBI GOV AND ALSO INTERESTING THAT THEY HAVE INVESTED IN MORE GOLD IMO. IT SEEMS HE MAY BE EXPECTING THE CUSTOMS/TARIFF AND ALL OF THE SINGLE WINDOW SYSTEM TO BE IN PLACE FOR THE INTERNATIONAL INVESTMENTS TO BE DONE -- VERY INTERESTING.
2-18-2015 Newshound Guru Chattels there is a new urgency about business in Iraq which may favor our very selfish goals...let's...wait to see what happens with the publication and implementation of the budget...it should not be much longer.
2-18-2015 Newshound Guru Tlar Fact- private jets are flying currency to Anbar province. INTEL - LD's are being delivered to banks now.
2-18-2015 Intel Guru Mnt Goat ...on yesterday, Tuesday Feb 17 it was finally announced by the Iraqi government that the ratified budget was placed in the gazette after being delayed by two days. ...this would mean the budget law is fully implemented and must be funded within 24-48 hours, as the cash flow to the provinces would have to begin for the projects. So why are they not funding these projects now? Already we see an investigation as to what is holding up this process.
2-18-2015 Newshound Guru Arthur So it looks like everybody now understands that GOI + HCL = RV. You cannot pull the horse before the cart and have a budget before there is a legitimate Hydrocarbon Law in Iraq. It would be like trying to start a successful bread company without an official and legally binding contract with the companies that provide the dough that you make the bread with. So despite the confusion with the tense structure of the translation in some articles, there has been no ratification of the budget in the official Gazette as of yet. But this is not a delay. This is the world making sure this agreement is legal and binding and agreeable for the long term by all parties involved. If we remember only a little over a year ago Kurdistan was seriously threatening to secede from its partnership with Iraq and even did a referendum with their citizens who were overwhelmingly in favor of this idea yet now in such a relatively short time we now sit on the verge of this historic agreement which will set a series of steps in rapid motion including all the necessary laws and up to and including the long awaited revaluation of the Iraqi dinar.
2-18-2015 Intel/Newshound Guru Backdoc HOW LONG UNTIL REALITY FOR THEIR MARKET ECONOMY AND THE RETURN TO SUPPLY AND DEMAND ON BLACK GOLD? NOT LONG!! EARLY MARCH WILL ROCK!!! I ESPECIALLY LIKE THE 48 TONS OF SECURITY (Gold) IRAQ BOUGHT BY ADDING TO ITS RESERVES WHICH WAS SPECIFICALLY PURCHASED TO SUPPORT THE LAUNCH OF THIS NEW CURRENCY! I ALSO LOVE THE ARTICLES OF THEM CRYING ABOUT NOT HAVING MONEY, DINAR MONEY THAT IS, WHILE THEIR SEEMS TO BE A COOPERATIVE SPIRIT AMONG THE KURDS AND BAGDAD! [post 2 of 2]
2-18-2015 Intel/Newshound Guru Backdoc IT'S BEEN MORE THAN INTERESTING TO SEE THE CONTROL OZ HAS DISPLAYED ON CONTROLLING BLACK GOLD. (Oz=IMF, WORLD BANK, U.S.TREASURY, AND CBI). I BELIEVE WE WILL SEE PRICES REMAIN CLOSE TO WHERE THEY ARE UNTIL IRAQ LAUNCHES ITS NEW CURRENCY. WE ALL ARE VERY EXPECTANT OF THE LAUNCH OF THEIR MARKET ECONOMY. ONCE WE SEE IT, REALITY ON CRUDE PRICES WILL LIKELY PREVAIL SENDING PRICES LOWER! SUPPLY WILL HAVE TO MEET DEMAND AND THE REAL WAR WILL BE FOUGHT ON THE EXTRACTION PRICE LEVEL WHICH IRAQ HANDILY WINS! [post 1 of 2....stay tuned]
2-18-2015 Intel Guru TerryK I TOLD YOU ALL MONTHS AGO THE ONLY HOLD UP WAS WHAT THE AGREEMENTS ON THE HCL WHO WAS GETTING WHAT %. THIS IS THE SAME STALL SITUATION THAT OCCURRED DURING THE KUWAIT DAYS...DAYS OF DESPAIR AND GLOOM AND DOOM. IT WILL ALL OF A SUDDEN HAPPEN.
2-18-2015 Newshound Guru Adam Montana ...not much has changed since last week. We are no closer, but thankfully no further. The HCL remains on the top of my watch list, and I am confident they will move on that shortly...Until then we remain positive and patient.
2-18-2015 Intel Guru Delta Most of the 3 zero notes have been collected by the CBI over the last 10 years have been collected and shredded. The CBI doesn’t have 33 Trillion. They have no liquidity! The whole region of Kurdistan needs IQD to pay salaries. How? When the IQD goes international...do you think you’ll be able to walk into any bank and buy 1 Million IQD? No. You can’t buy more than $3,000 of any currency of another country (per day) in a US bank. After the IQD goes international … you won’t be able to take the IQD out of the country (in mass quantity). Nobody...right now is allowed to take more than 10k IQD out of an Iraq airport. This Sunday the new system with the CBI will take effect. 22nd of February – new bank regulations begin.
2-18-2015 Intel/Newshound Guru Poppy3 RATE RUMORED TO ME TODAY [TUESDAY] THAT IT WILL SHOW IN 7 DAYS OR LESS. SAID IT WAS SET TO GO ON THE 13TH BUT BECAUSE OF JABORI WANTING MORE BINDING CLAUSES IN THE HCL THAT THEY WILL GET THE FULL 17% AND ON TIME. THIS SOURCE IS SHARING INFO FROM INSIDE BAGDAD CONTACTS SO THIS IS REAL IF AGAIN THEY DON'T CHANGE SOMETHING ELSE.
2-18-2015 Newshound Guru Millionday Article quote: "Iraqi Central Bank to invest cash reserves of hard currency through the purchase of gold, especially after the decline in gold prices in world markets over the past months, in a move it to diversify its reserves, the fact that gold is a store relatively safe for the value of the local currency, where the Council announced International gold buying CBI 48 tonnes of gold during 2014." CBI IS DIVERSIFYING THEIR RESERVES TO INCLUDE MORE GOLD DUE TO THE DECLINE IN PRICES. THEY ARE SAYING...THAT THEY ARE USING IT TO COVER THE VALUE OF THEIR LOCAL CURRENCY AND AS A COVER FOR THE PROCESS OF REMOVING THE THREE ZEROS...TO DIVERSIFY THE ASSETS OF THE GUARANTEED VALUE...AND ALSO THAT THE US IS THE DRIVING FORCE BEHIND THIS. ...IT SURE IT NICE TO SEE IT IS FOR THE PROCESS OF REMOVING THE THREE ZEROS.
2-18-2015 Newshound Guru Kaperoni Article quote: "The meeting will also look positively to the agreement between the federal government and the Kurdistan Regional Government agreement regarding oil and Budget and the commitment of the two parties..." IMO this is part of the reason for no budget yet. The budget is based on a revenue amount which is joint oil exportation between the gov and KRG. Without the completed HCL/Oil and Gas agreement with the KRG, I don't see how they can release the budget.
2-18-2015 Guest Intel Guru Hocus Pocus I have a friend that has family in Iraq and they talk to them almost every day...A few weeks ago...they started having some ribbons running across the TV saying they would soon have a more valuable currency...that has been going on for a while and the Iraqis are anxious for things to happen too. They want to be back where they were before of course. By that I mean have the value of their currency back to where it was before the war. Last week there was a new ribbon saying they would have a big announcement by the end of the week but that has not happened yet. They are truly just as anxious for this to happen as we are.
2-18-2015 Intel Guru Jester WE HAVE LOTS OF REPORTS FROM THE SANDBOX SIDE STRAIGHT OFF THE TV THERE...THAT THINGS HAVE BEEN READY FOR WEEKS...THEY ARE RUNNING ANNOUNCEMENTS OF CHANGE... AND THERE WAS SUPPOSED TO BE A BIG ANNOUNCEMENT THE END OF LAST WEEK THAT DIDN'T HAPPEN...THEY HAVE HAD A COUPLE OF MILESTONES THEY THOUGHT WERE GOING TO OCCUR THAT SIMPLY DIDN'T... THEY JUMPED THE GUN AND STARTED PUTTING THE INFO OUT THINKING IT WAS HERE AND THEN...DIDN'T HAPPEN... I THINK THEY WERE READY TO DO IT ON THE PREVIOUS SCHEDULE THAT WE HAD AND IT WAS PUT OFF FOR WHATEVER REASON... NOW...WE GOT TOLD ALMOST A MONTH AGO TO WATCH FOR THE 19TH...SO THAT IS WHAT WE HAVE BEEN DOING...WE WILL SEE IF ALL OF THIS COMES TOGETHER THEN OR SOON THEREAFTER. IT IS APPARENT TO ME THAT THEY ARE READY BUT BEING HELD BACK FOR SOME REASON...I AM HOPING THAT THE INDICATIONS OF JUMPING THE GUN ON A COUPLE OF THINGS SAY THAT WE ARE THAT CLOSE. 2-17-2015 Newshound Guru Aggiedad77 I would not be surprised to see this next Parliament session chock full of laws of importance...poised and ready to be dealt with swiftly and in unison...perhaps in a basket of sorts...Speaker Jubouri is doing something that they rarely if ever have done...had a meeting to decide what the next session's agenda will be comprised of....it will be interesting to see what is forthcoming from this meeting tomorrow.
2-17-2015 Newshound Guru sczin11 THE BUDGET HAS GONE THROUGH THE ENTIRE PROCESS, WITH THE EXCEPTION OF THE FINAL IMPLEMENTATION INTO LAW...FIRST TIME IN OVER A DECADE COMPLETED ON TIME, AS PER THE CONSTITUTION AND OBVIOUSLY THERE IS A REASON...THE TIME IS NOW....THE PROCESS HAS BEEN COMPLETED AND TOLD TO THE WORLD, THE 328 MEMBERS OF THE HOR CAME TO A MAJORITY AGREEMENT ...YOU CAN SEE TREMENDOUS PROGRESS NOW, AS COMPARED TO THE PREVIOUS YEARS.
2-17-2015 Intel Guru Delta A lot of good news coming out of Iraq. Budget – nothing will be activated or effective until it goes into the Gazette – and then it is official. The electronic clearing system is hooked up. It will give the Iraqi citizen the ability to go into any bank, check their balance, etc. You cannot go international without all of these banking systems in place. The WB, IMF and UST plays a big part in finishing the steps. It should take place very soon.
2-17-2015 Intel Guru Frank26 iTeams are telling us that this government is working hard and fast together to bring out the budget so the CBI and the IMF can have the legality to raise the value. They know that the world is watching them. They are going to do it right – and that is why it is taking as long as it’s taking. Banks have NO liquidity. This shortage is just now starting to hit these banks...is beginning to trickle down. The CBI knows where all of their money is at. They know who they sold it to and who has it. There are no laws for taxes and tariffs because the budget is not open yet. They are preparing their currency for a new rate and the CBI needs laws to make sure everything is in working order. The laws must be in position FIRST then the budget can be opened for the economic explosion in Iraq! [post 2 of 2]
2-17-2015 Intel Guru Frank26 We felt as if the budget was going to come out last Saturday – but it didn’t. The President signed it. We thought we would see the budget printed in the Gazette...but didn’t. The budget is not published ANYWHERE! It needs the laws first! The laws allow the budget to be legal. Meetings continue to go on. Who is at these meetings? The UN, IMF, BIS, WB, UST – all want to make sure the math for the budget works out. They are not there to be “involved” with the CBI...they are watching them to make sure they take the right steps. [post 1 of 2....stay tuned]
2-17-2015 Newshound Guru Kaperoni Article: "The agenda of the Council of Ministers includes approving the recommendation of the Committee on Economic Affairs on the authorization to support the independence of the central bank." I think this is huge. To have the CoM supporting the independence of the CBI is very good news.
2-17-2015 Newshound Guru sczin11 ABADI DIDNT RUSH THE BUDGET THROUGH, AND THE KURDS DIDNT GIVE UP THEIR 90 DAY THREATS IN DECEMBER, ONLY TO BE STOPPED SHORT BY...WHO? WHO I ASK IS STOPPING THE PROCESS? NO ONE I SAY!! NO ONE KNOWS DATE ...OR RATE. I THINK THE NEXT 2 WEEKS WILL BE VERY TELLING...LETS SEE IF THEY HOLD TRUE THIS TIME TO TARIFF IMPLEMENTATION.
2-17-2015 Newshound Guru Tlar Article quote: "Deputy accused in the parliamentary finance committee monopolistic companies belonging to the political monopoly of the bank sales of currencies, causing serious material losses for the Iraqi economy," It's funny how history repeats itself. In 2010 Shabibi had to put a stop to the cottage bank industry that sprung up in the green zone. Many MP'S started stock piling the dollar, offering to buy the dinar at higher than the program rate. In other words they were attempting to stock pile dinar by offering more money in dollars than the system did. Why? because in 2010 the word was out that "IRAQ WAS GOING TO REDENOMINATE ITS CURRENCY BY THE END OF THE YEAR." You and I would most likely attempt to get as much dinar as we could if we were in the know (government employees/MP's), and if we had the money to buy and hold. It's only human nature. I see this article not as a bad thing, but maybe a good sign that we are real close.
2-17-2015 Newshound Guru sczin11 [why delay putting it in the Gazette? Isn't that self defeating?] NOT IF THE PLAN IS NOT READY FOR COMPLETION, AS GAZETTE ENTRY REQUIRES IMPLEMENTATION... ARTICLE 58 OF BUDGET. TO ME THAT IS VERY TELLING...IF SOMETHING SIGNIFICANT WASNT ON THE VERGE OF TAKING PLACE, WHY NOT JUST ENTER IN GAZETTE, AND LET THE CURRENT DINAR AND VALUE BECOME A REALITY...ANSWER IS...CAUSE ITS NOT GOING TO HAPPEN THAT WAY, IMHO.
2-17-2015 Intel Guru TerryK SOURCE...ON PHONE SAID GOOD THINGS ABOUT THIS WEEK...LETS SEE IF THE OLD MAN IN IRAQ MAKES IT HAPPEN...HEARING ITS ALL IN THEIR COURT. I HAVE THIS GUT FEELING THAT THURSDAY WILL BE A WONDERFUL DAY.
2-17-2015 Newshound Guru Millionday PARLIAMENT HAD MANY LAWS THEY WERE WORKING ON AND WERE EXPECTED TO HAVE FINISHED. Quote: "...under the chairmanship of Salim al-Jubouri, and the presence of 218 deputies, to next Tuesday..." HERE IT SAYS THEY WILL RETURN TOMORROW (TUESDAY). THEY HAVE PLANS OF ADDRESSING EACH LAW SEPARATELY...INSTEAD OF THE BASKET THEY ONCE REPORTED... THESE ARE LAWS THEY WANT TO HAVE COMPLETE ALL AT ONCE FOR THE REFORMS AND THE NEEDED REGULATIONS. [post 2 of 2]
2-17-2015 Newshound Guru Millionday TOMORROW NIGHT [TUESDAY] THERE IS A HUGE HUGE MEETING WITH ALL THREE PRESIDENCIES PRESENT. THEY HAVE BEEN WORKING ALOT ON THE SECURITY NEEDED FOR THE COUNTRY -- WE HAVE SEEN MULTIPLE REPORTS ABOUT IT IN THE LAST WEEK --CONTRACTS, THE BANKS, AND MANY MEETINGS. ...THEY ARE USING EXECUTIVE POWER TO DEAL WITH THE MURDER THAT TOOK PLACE...THE GOV IS EXPECTED TO ENSURE CONFIDENCE IN IRAQ AND ITS SAFETY FOR THE PEOPLE COMING TO THE INVESTMENT CONFERENCE AND THE MANY OTHERS COMING THERE BY INVITATION FOR MEETINGS ETC. [post 1 of 2....stay tuned] 2-16-2015 Intel Guru TNT Tony [via Adept1] We know this was supposed to go off on Friday evening or Saturday morning...but it was delayed because the MP was killed. There is a deadline for the Gazette, someone will have to implement it, and we are looking very, very good. We are right on time...and I am happy today – it’s not here but it’s about to be here. I do believe we will see it this week, unless something stupid happens.
2-16-2015 Newshound Guru Tlar ...the government, planning, economics and finance committees along with the CBI who are now pushing to de-dollarize Iraq and articles have suggested that to continue dollarizing now is punitive to the dinar. We also know that the budget calls for 119 trillion dinars to be spent. So unless they print more of the existing secured replacement notes or re-release the counterfietable notes or change the law that has boxed them in to paying in dinars, that they have created a major liquidity problem. There simply is not enough of the replacement notes to pay the budget or fund projects or operate on unless they change the value and release the smalls. Shortly articles have told us that even their international airport is to use dinars only as dictated by the government. I don't think they will print more or the large secure notes and I certainly don't believe they will re-release the counterfeitable notes again, leaving in my mind no less than a significant change in value and a release of the coins and LD as the only viable option left. Remember as hard as they have been working at it, Iraq is still predominantly a cash society in their evolutionary cycle. I hope this helps. So in my opinion it is not money they are out of, but dinars.
2-16-2015 Intel Guru DC [via Adept1] They are getting some last minute banking laws done. They did try to do it again on Sunday but didn’t have a quorum... In Iraq, everyone was pretty frustrated, and also sad because of the tribal leader who got killed...the assassination did cause a delay. They do have new dates and timelines, but I’m being told that this will be done before the time stated in the articles – the 19th and 22nd are mentioned... I am told this will happen before then.
2-16-2015 Newshound Guru sczin11 Article quote: "the Council has completed the first reading of the draft National Water Council Act and submitted by the committees of agriculture, water and marshes, legal and which aims to adopt a common strategy on securing Iraq shares of common international waters, and draw a national policy for the protection of water resources, maintain and ensure the proper use and distributed equitably between the province and the provinces and sectors used. Then I decided Presidency adjourn the meeting to next Tuesday 02/24/2015." SO NOW WE GET A DETAILED REPORT ON TODAY'S PARLIAMENT, SHOWING THEY SEEMED TO HAVE MADE SOME PROGRESS, BUT...CLEARLY STATES ADJOURNED TILL TUESDAY FEB 24...NOT TOMORROW...
2-16-2015 Intel Guru TerryK THEY ARE RIGHT ON COURSE...THEY DON'T HAVE TO DO ANYTHING UNTIL THE 18TH UNLESS A VETO HAPPENS. THERE IS NO HOLDUP...THE DOCUMENT WAS SIGNED ON THE 29TH. THE CLOCK DOES NOT START TICKING UNTIL IT HIT THE DESK FOR APPROVAL WHICH WAS THE 2ND OF FEB. THEY HAVE 15 DAYS TO COMMENT, VETO, OR SIGN OFF. AFTER THAT IT BECOMES LAW THEN GOES INTO THE GAZETTE WHICH IS...WED THE 18TH...SO IT IS NOT OVERDUE.
2-16-2015 Newshound Guru Kaperoni Article: "Finance Committee revealed in the House of Representatives for open electronic clearing system files across the banks. Said committee member Dr. Magda Abdel-Latif al-Tamimi, said in a statement singled out the "morning": that the Commission will open this existing system files in 32 banks..." Some...articles...talk about laws that are needed to activate this system. I don't know if they are passed yet, but it is clear that this is all tied together with the smart cards, project chunked and international transactions...And a requirement to get investment into Iraq for the market economy. Progress is being made.
2-16-2015 Intel/Newshound Guru Poppy3 I ASSURE ALL OF YOU ISIS HAS ZIP TO DO WITH THE NEW RATE PERIOD.
2-16-2015 Intel/Newshound Guru Poppy3 FAR AS IRAQ BEING BROKE...WELL THEY TRIPLED THEIR GOLD HOLDING IN 2014 WHEN THEY BOUGHT 48 MORE TONS OF GOLD GIVING THEM 148,000 TONS AS RESERVE. THEY ARE ONE OF THE RICHEST COUNTRIES IN THE WORLD. WHAT THEY DO HAVE IS A SHORTAGE OF CASH AND GUESS WHAT WILL SOLVE THAT PROBLEM WITHIN DAYS. THATS WHY THEY CAN STILL QUALIFY FOR BILLIONS IN LOANS. RIGHT NOW THEY ARE PITCHING SOME CURVE BALL AND IN THE DIRT PITCHES BUT RICH FRIENDS GET READY FOR OUR CLEANUP HITTER TO CLEAR THE BASES WITH ONE MIGHTY SWING AT ANYTIME.
2-16-2015 Intel Guru Mnt Goat We wait for the announcement of the ratified budget to reach the gazette for the final step in the process of implementation. This final step has now reached its deadline. I totally and whole heartedly believe they must pass this “package” of new laws and complete the currency reforms on or about the time they open this new budget. A formal announcement that the budget was posted in the gazette will be a clue for us that they are about to open the budget...So you see Al-Abadi along with the CBI have to make a decision soon on when to RV this currency. I believe this decision had already been made weeks ago and was postponed due to recent events in Iraq. We are now in the final countdown window now that the budget is truly ratified and the deadline for it to be posted in the gazette is now overdue. We should hear news of this next event (gazette posting) this week. Then Iraq must fully fund the budget within 24 hours (partly by a revaluation).
2-16-2015 Newshound Guru sczin11 THEY ARE NOT PUBLISHING IN GAZETTE, IT APPEARS, AS THEY NEED ALL DUCKS IN ORDER. I TAKE IT, THAT THEY KNOW THE BUDGET LAW STATES IT MUST BE IMPLEMENTED ONCE IN GAZETTE, AND THEY NEED LAWS FINISHED TO DO SO...THUS THE ALL AT ONCE THEORY, OR CLOSE TOGETHER.
2-16- 2015 Intel Guru TerryK BUDGET IS SIGNED. IT IS NOT DUE TO GO IN UNTIL THE 18TH. IF IT HIT THE DESK ON THE 2ND, WHICH IT DID, THEY HAVE 15 DAYS TO VETO IT AND THAT PUTS IT ON THE 17TH AND THEN INTO THE GAZETTE. THE NEXT TWO DAYS WILL BE VERY INTERESTING. IF IT IS NOT VETO IN THE NEXT TWO DAYS WE ARE IN. EVEN THOUGH ITS BEEN SIGNED THERE HAS TO BE A REASON IT HAS NOT GONE TO GAZETTE YET.
2-16-2015 Newshound Guru Millionday "Finance Committee revealed in the House of Representatives for open electronic clearing system files across the banks." THEY ARE OPENING THE ELECTRONIC CLEARING SYSTEM...THIS IS THE OPENING OF THE INTERNATIONAL BANKING SYSTEM PER COMPLIANCE AND HOW GLOBAL BANKING IS DONE AND LINKED. [32] BANKS...HAVE BEEN ISSUED AN INTERNATIONAL SWIFT CODE SYSTEM...[and] EXCHANGE FOR MONEY COMPANIES...HAVE SWIFT CODES AS WELL. THEY WILL BE CONNECTED TO MANY MANY BANKS ACROSS THE GLOBE WITH THE SWIFT SYSTEM. THIS IS SO VERY IMPORTANT FOR THE ENTIRE PROCESS OF IRAQS GLOBAL ENTRY ETC AND ALSO THE INTERNATIONAL ACCEPTANCE. EVERYONE NEEDS TO UNDERSTAND WHERE THIS PUTS IRAQ`S BANKING REFORM PROGRESS ON THE SCALE OF BEING DONE ACCORDING TO WHAT THE WORLD BANK SEES FOR ITS COMPLETION... HUGE HUGE WHOOOPOW.
2-16-2015 Newshound Guru Kaperoni Article: "Deputy for the Kurdish coalition, said on Sunday that the provincial delegation, headed by Prime Minister Barzani will meet today Prime Minister Haider al-Abadi." I said.."it isn't done!" This is a process. First the initial agreement to get oil flowing. Then a sign from each party that they will honor that first agreement. And now more discussions on the remainder of items that will be incorporated into the HCL law. The one hiccup seems to be a lack of funds by the GOI. Today's meetings implied that the GOI could not make the payment as stated to the KRG which could toss a wrench in these negotiations. Time will tell...but the good news is they are ironing out the HCL so that can go to CoM and parliament soon. 2-15-2015 Intel/Newshound Guru Poppy3 I TRUELY DON'T EXPECT TO SEE ABADI LET ANY DISRUPTION HAPPEN TO HIS PLANS FOR FINANCIAL REFORM. HE HAS NOT ALLOWED ANY TIME OFF AND ANY THING DISRUPT PROGRESS THUS FAR IN HIS ADMINISTRATION...FOR NOW I SEE NOTHING IN THE WAY TO STOP ABADI.
2-15-2015 Intel/Newshound Guru Backdoc Article quote: "...affirmed the decision of Parliament Niazi architecture Ihsanoglu, said on Sunday that the parliament session will witness a surprise, noting that all the political blocs will attend the meeting." WE ARE HEARING FROM A SOURCE...THAT THERE WILL BE A SURPRISE ANNOUNCEMENT TOMORROW! Quote: "Omar Abdel-Latif Finance Committee revealed in the House of Representatives for open electronic clearing system files across the banks." WE ALSO HEARD THAT...BANK ACCOUNTS ARE BEING RESTRUCTURED TO ACCOMMODATE ELECTRONIC CLEARING OF ALL THEIR PAYMENTS...
2-15-2015 Newshound Guru Kaperoni Article quote: "A member of the Committee for Economy and Investment parliamentary The Prime Minister, Haider al-Abadi, the face of the support of private banks, to ensure financial liquidity movement in the country." There appears to be a liquidity issue in Iraq right now. This is getting interesting. They don't have money. The meeting with the central gov and KRG went well...except they cannot pay them. There is a shortage of cash to pay people. What is so sad is...if they would pass the laws and open the economy/dinar there would be plenty of money coming into the country. Iraq is their own worst enemy. When people don't work, have jobs or even have a government that can pay them, why should a bank lend to them? They don't. Changing the value of the dinar won't change that...what will is putting people to work, creating businesses, etc through the successful launch of a market economy. Right now all the GOI is doing is trying to find a way to tread water until the laws are in place, security has taken hold (ISIL is gone).
2-15-2015 Newshound Guru Aggiedad77 "Parliamentary Finance denies the exception of the budget publication in the Official Gazette Law" It is my opinion that they will follow Constitutional protocol and publish the budget...who knows when...maybe today...maybe tomorrow...but the bottom line...they need to publish the budget as with all laws...I am of the opinion for them to "not" publish the budget in the Gazette would take an amendment to the Constitution to do so...just thinking practically here on the subject.
2-15-2015 Intel Guru Frank26 Article: "Parliamentary Finance denies the exception of the budget publication in the Official Gazette Law" LAWS ARE BRINGING THE 2015 BUDGET TO THE GAZETTE as you breath. I ALSO said LAWS are NOW MARRIED to the Budget!! YOU just can't SEE this yet as of today ...MAYBE tomorrow.
2-15-2015 Intel Guru EXOGEN Article: "Parliamentary Finance denies the exception of the budget publication in the Official Gazette Law" IN A NUT SHELL EITHER BUDGET GETS PUBLISHED ON THE 16TH OR THE CAN IS KICKED AGAIN...WE WILL HAVE ALL THE ANSWERS LATER TODAY BASED ON WHAT BARZANI DOES. THE STAGE IS NOW BEING SET FOR THIS TO POTENTIALLY GO TO MARCH. WE WILL KNOW WHERE THINGS ARE WITHIN THE NEXT 24 HOURS OR LESS.
2-15-2015 Newshound Guru Aggiedad77 Article: "Parliamentary Finance denies the exception of the budget publication in the Official Gazette Law" The Finance Committee is denying that the budget law has an exception for appearing in the Gazette, stating that all laws must appear in the Gazette to gain legal status...so any statements that the media may have published about not being required to be in the Gazette are false.
2-15-2015 Newshound Guru My Ladies THEY DID 1ST AND 2ND READINGS ON ODDLES OF LAWS. THEY COULD HAVE CONTINUED IF IT WAS THAT EASY. THEY WOULD NOT BE IN A STATE OF LIMBO. WHY DIDN’T THEY CONTINUE WITH THE VOTE ON THESE LAWS THEY RUSHED TO FIX? WHY DIDN’T THEY FINISH THE FEDERAL LAW? THAT’S A BIG ONE AND WHY DIDN’T THEY FINISH THE SECURITY GUARD LAW? THEY ONLY NEED 4 DAYS BETWEEN EACH READING AND THEN A VOTE, SO WHY NOT JUST DO IT? THEY CAN’T! KURDISTAN IS IN BAGHDAD. BIG BIG NEWS RIGHT? WELL I DON’T THINK SO....OF COURSE THEY ARE IN BAGHDAD, THEY WANT THEIR MONEY TOO. WELL GUESS WHAT? BAGHDAD DOESN’T HAVE IT. KUWAIT IS IN IRAQ TODAY TOO. WOW!! THAT HAS TO BE GOOD RIGHT? ...EVERYTHING WITH KUWAIT HAS BEEN SETTLED. ISN’T THAT WHAT THEY TOLD US LAST MONTH? SO WHY ARE THEY DISCUSSING BI-LATERAL RELATIONS AGAIN? SO FROM WHAT I SEE TODAY NOTHING HAS CHANGED AND THEY NEED AN INTERNATIONAL CURRENCY TO CONTINUE.
2-15-2014 Intel/Newshound Guru Poppy3 REMEMBER I STATED...SUNDAY WILL BE THE MOST INTERESTING DAY THIS WEEK. BARZANI...RELEASTED A POST THAT HE WOULD ARRIVE TODAY [SATURDAY] TO DISCUSS OIL RELATIONS... SO ANNOUNCEMENT CAN POSSIBLY BE ANNOUNCED SUNDAY AFTERNOON. SO WE WAIT AND PRAY ALL AGREEMENTS ARE STILL VALID AND ALL GOES WELL WITHOUT DISRUPTION FOR ANY REASON.
2-15-2015 Newshound Guru sczin11 HERES WHAT I AM SEEING, HOR SEEMS TO BE LOOKING FOR EXCUSES TO PROLONG THE READING AND PASSING OF LAWS, THIS TELLS ME THE PLAN IS NOT READY TO BE FINISHED...FOR THE SAME REASON, BUDGET NOT IN GAZETTE YET...AS WE KNOW, CERTAIN BANKING AND INVESTMENT LAWS NEED TO BE COMPLETED, SO THAT FOREIGN INVESTORS HAVE INCENTIVES TO COME IN...WITH TARIFFS SCHEDULED FOR MARCH 2 LAUNCH, I WOULD SAY THE NEXT TWO WEEKS SHOULD BE VERY TELLING!
2-15-2015 Newshound Guru Millionday Article quote: "the Kurdish delegation will arrive on Sunday to Baghdad; to supplement the discussions about the oil agreement between Baghdad and Erbil..." THEY ARE ARRIVING FROM KURDISTAN TO FINISH AGREEMENT FOR THE HCL -- REMEMBER THAT ORDERS TO HAVE THIS LAW AND ALL LAWS DONE BY THIS COMING WEEK SHOW US THAT THEY ARE LISTENING IT APPEARS -- THEY HAVE STATED URGENT IN MOST REPORTS I HAVE SEEN ABOUT THE WORK OF PARLIAMENT.
2-20-2015 Newshound Guru Millionday Quote: "Iraqi facts circle, on Thursday, confirmed on Sunday that the next date of publication of the Federal Budget Law for 2015 in the Journal of the facts..." THE BUDGET WILL BE PRINTED IN THE GAZETTE ON SUNDAY AND WORK IS BEING DONE NOW TO PREPARE TO SEND OUT THE FUNDS PER THE BUDGET. THE BUDGET WILL BE PRINTED IN 3 LOCATIONS -- THE GAZETTE -- DISTRIBUTION CENTERS -- AND THE LIBRARY OF JUSTICE AT THE MINISTERS LOCATION -- WHOOOPOW.
2-20-2015 Newshound Guru Tlar Article: "Announced the parliamentary finance committee member Masood Haider, Friday, for the central bank kept the deletion of zeros from the Iraqi currency." If they open the budget at 1166 and dispense funds at 1166, it will be a major disappointment...I will view it as a major mistake and failure of the Abadi government to follow through. While it is true it does not mean our investment failed, I do believe we will be in for another year of waiting if they miss this opportunity and another 12 months for Maliki to erode the effectiveness of the government...My fear is Abadi's program will sputter out if they don't do it now... The encouraging thing to me about this negative article is that the CBI thinks "this is the time"...meaning to me the decision has been made by the CBI. ...time will tell.
2-20-2015 Newshound Guru Adam Montana [WHY do you think the 2015 budget has NOT been published in the Gazette as of yet?] Calm before the storm if this is indeed our time! *fingers crossed* There is more that I'd comment on, but at this time I'm going to bite my tongue and wait to see what comes through the pipelines... we are close to the end of this ride, but we have to wait it out.
2-20-2015 Intel Guru Frank26 [Article] The CBI has terminated the buy and sell period process internally within their banks…The CBI has a new mechanism for the buy and sell process internally within their banks. They talk about the study of lifting the 000's ....... NOT the lifting of the 000's…IMO ...... This is stupendous !!! Such news should require an emergency ....... But TEAMS WANT to see what opens up this Sunday....... I agree…THE LAWS are about to be given LIFE via the legal opening of the 2015 BUDGET and THE CBI is saying .......... Yes....... They agree with this new ...... GOICBI! This is a serious accomplishment in the MR of the IQD ...Your investment. We have MORE…We need SUNDAY DATA first.
2-20-2015 Newshound Guru Breitling [Ultimately] They want to separate into 3 states (not 3 countries)…the Kurds, the Sunni and the Shia and they want to have equal representation and they want access to the oil and all that wealth. In the end it's all about that oil and it's all about that wealth. I don't care what anybody says…that's what they're after…that's what they're killing each other for.
2-20-2015 Newshound Guru Millionday [...is there a way for them to fund the budget without an increase in value?] THE REALITY VALUE DUE TO THE GLOBAL PRICE INDEX FOR A MARKET ECONOMY WOULD BE NICE TO SEE -- THEY HAVE ALOT OF INTERNATIONAL CONTRACTS AND AGREEMENTS IN THE BUDGET -- WHAT WE WANT IS TO SEE A MARKET ECONOMY AND KNOW THE TRUE VALUE OF THE DINAR FOR THAT MARKET -- THIS IS FINANCIAL PROGRESS FOR IRAQ -- AND WHAT IS NEXT WOULD TAKE A CRYSTAL BALL BUT WE ARE WATCHING FOR EVERY CLUE WE CAN FIND...STICKING TO THE INK IS WHAT I PREFER. IF THE VALUE OF THE PURCHASING POWER OF THE DINAR CHANGES AND THE INTERNATIONAL RATES ARE RELEASED IT WILL BE DONE BY DATA ENTRY ALL AT ONCE -- ELECTRONIC CHANGE IN THE MARKET -- INCLUDING THE NEEDS FOR THEIR BUDGET ETC. I DO NOT KNOW WHAT THIS WILL BRING FOR US -- I WILL NOT CALL IT -- SO KNOW THIS IS A HUGE WHOOPOW.
2-20-2015 Newshound Guru Tlar Article quote: "but he pointed out that" this is not the time to replace the currency, and that the lack of security and economic stability in Albulad." While security is important this article implies that the CBI thinks the timing is right. With all the recent changes in the banking sector, taxes and tariffs being implemented on March 1st, the swift coads being issued to independent banks, loc's being pushed and bacvked by the CBI,currency being flown to outlying territories, budget being posted on Sunday in the Gazzette, economic laws being passed shortly if not already but just not published, there is plenty of things that screem the timing is right. I have stated that we will know shortly because that is what I believe.
2-20-2015 Intel Guru Mnt Goat This all comes on the heals of this gold buying frenzy by the CBI we heard about recently. We also know that the chairman of the CBI wanted the revalued currency to come out at a very high rate to the international community and they were told they had to have solid assets to back it up. With the declining oil prices they needed to make this gold deal. Thus the gold. Do you see also why an RV rate of 10 cents or 40 cents, 1.17 or even anything less than the pre-war value is ridiculous? They didn’t need the gold to back that kind of initial rate. We know the free market is going to drive the rate into a buying frenzy once public but it is the initial rollout rate they must prove to the IMF its value. I believe its all about to happen very soon. I am hearing they need the weekend (and maybe into early next week) to prepare and distribute the lower denominations. I do not like to predict rates for the IQD but I am hearing that we could see a $3.58 up to $4.00 range when it goes international but certainly well over pre-war rates. Yes – it really is about to happen folks! [post 2 of 2]
2-20-2015 Intel Guru Mnt Goat We have been waiting for the opening of the 2015 budget and the distribution of allocated funds to each of the provinces. We know that in order to accomplish this they must complete the economic reforms and in particular the currency reform. So yesterday, Thursday 02/19 out pops news from the Parliamentary Finance telling us that next week all the provinces will see the release of the federal budget funds for the ministries...Article quote: "...the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week..." Earlier this week we also heard news of large sums of cash being delivered to Anbar providence. ...these can’t be more 3 zero notes since there was a massive effort by the CBI to collect nearly 75+% of these old notes from the citizens. I believe they must be the lower denominations since we heard earlier this month this distribution was about to begin. There are many other provinces that also received large sums for cash this week. [post 1 of 2....stay tuned]
2-20-2015 Intel Guru Jester THE IRAQI BUDGET SHOULD GO IN ON SUNDAY... GOT THAT FROM MY SOURCES...[GURU] TLAR...HE HAS IT RIGHT...THE WORD I AM GETTING IS IT WILL BE PUT IN THE GAZETTE ON SUNDAY... SAME AND WHAT HE IS SAYING...I AM NOT SAYING THAT SOMETHING COULD NOT HAPPEN TO MESS THINGS UP... IT COULD... IT HAS IN THE PAST... BUT FOR RIGHT NOW IT IS LOOKING PRETTY DANG GOOD. SO...IRAQ GETS THEIR STUFF DONE ON SUNDAY.. 48 HOURS TO GET IT INTO LAW... FROM WHAT I UNDERSTAND.
2-20-2015 Intel Guru Frank26 The Budget IS PUBLISHED but not for eyes until SUNDAY.
2-20-2015 Newshound Guru Adam Montana [In your opinion, Besides the HCL what is the single most important thing Iraq should do to achieve the RV/RI?] That's a tough one... I see the HCL as numero uno. If they pass the HCL and we don't have an RV in extremely short order, I will owe you an apology!
2-20-2015 Newshound Guru Millionday "the Iraqi government requires them to sell $119 million worth of crude oil per day to clog the employees' salaries," expected "overcome this crisis with cash that the Iraqi government is facing in the coming months. Mutlaq said that "the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week to enable them to exchange." THEY ARE REFERRING TO A COST ANALYSIS -- THEY MUST SELL 119 MILLION US DOLLAR TO COVER WHAT THEY HAVE BUDGETED FOR THE MINISTRIES...THOSE OF US THAT HAVE BEEN HERE A LONGTIME KNOW THAT WE HAVE NOT READ THESE WORDS BEFORE FROM IRAQ --- FUNDING THE MINISTRIES -- WHOOPOW ...I FIND IT INTERESTING THAT THEY DO NOT STATE THE DINAR AMOUNT -- THEY WILL ONLY BE USING THE DINAR FOR THEIR NATIONAL CURRENCY PER REGULATIONS BY THE CBI -- THE OIL IS PAID FOR IN US DOLLAR AND SENT TO THE CBI AND EXCHANGED THEN FOR DINAR.
2-20-2015 Intel/Newshound Guru tman23 "As for the exchange rate of the Central Bank kept linking the Iraqi dinar US dollar system, and narrowed the gap between the official exchange rate in the market and the budget until it reached 2.6% last September, thanks to the line taken by the central bank towards the liberalization of the foreign exchange market"...THIS WAS AN IMF STATEMENT 12/31/2014..."the official exchange rate in the market and the budget" ...SIGNIFYING MARKET RATE AND BUDGET ARE TIED TOGETHER. 2-19-2015 *** Dinar Guru News Update *** The gurus agree, Iraq's 2015 budget was passed weeks ago...there is disagreement on whether it has been placed in the Gazette to become law or not. Guru updates range from NO...to Yes, but not made public...to, there is a public investigation in Iraq to determine why it's not in the Gazette...obviously, something strange is going on here. Additionally, multiple gurus are reporting Maliki is planning to at BEST throw a monkey wrench into Abadi's GOI plans (which may be what's happening with the budget) to at WORST a out right coup of the GOI...a ton is on the line and it appears the budget is at the center of the tug-of-war. Stay tuned as these stories unfold. [the latest guru updates will continue below]
2-19-2015 Newshound Guru Chattels my belief has always been that any comparison between Kuwait and Iraq regarding the alleged RI /RV of Kuwait's currency after the Gulf is like comparing apples and oranges. Kuwait's currency value was depressed by the war and occupation and people bought it cheaply and made money when the value was no longer depressed...frankly, it is a fantasy to draw any favorable or insightful comparison(s) between the two events.
2-19-2015 Intel Guru MarkZ My phone has been busy and it does very much look like we are on the short side of this thing right now. I have no doubt we will see it soon but I like most of the intel world have been wrong on occasion…I can tell you that the wizards behind the curtains have been busy and I have seen tremendous progress.
2-19-2015 Newshound Guru Tlar Iraq has a liquidity problem. Not enough dinars to go forward. They either print more, or continue on dollarizing, or they must RV. The new dinars are the smalls. They are sitting and waiting release. The choice to me is clear because releasing the smalls with a higher rate dedollarizes the country, alows them to start using the own currency and instantly solves their liquidity problem. ...that's the only option to me that makes sense.
2-19-2015 Intel Guru TerryK TALKED TO THREE SOURCES...THEY ARE TELLING ME THIS SUNDAY IS THE DAY. THEY JUST ALL THREE PRETTY MUCH TOLD ME THE SAME THING AND THE RATE WILL BE OVER 8 BUCKS.
2-19-2015 Newshound Guru Millionday THEY ARE SAYING...THAT THE STOP IN PRODUCTION CHANGED THE COUNTRY`S BALANCE IN PRODUCTS AND OF COURSE SO DID THE INVESTMENT CLIMATE -- SO NOW IT WILL IMPROVE WITH THE OPENING OF THE PRIVATE SECTOR AND THE MARKET ECONOMY -- AN OPEN MARKET ECONOMY WILL ADD BALANCE AND IMPROVE THEIR INCOMES AS WELL SO THEY MUST BEGIN WRITING THE INVESTMENT LAW (AMENDING) AND ALSO CHANGING TO A SINGLE WINDOW -- THAT MEANS LESS RED TAPE A ONE STOP SHOP FOR INVESTMENT PAPERWORK ETC. THEY JUST NEED TO MAKE SURE IT IS SET UP JUST RIGHT FOR THE CHANGES OF REFORMS AND A MARKET ECONOMY -- THEIR GOAL. MEETINGS THEY ARE HAVING ARE ADDRESSING EVERYTHING THEY NEED TO MOVE FORWARD -- LOVE IT. THIS IS OBVIOUSLY REFERRING TO THE CHANGES FOR THE COUNTRY TO OPEN BACK UP TO THE GLOBE SO AS WE KNOW -- THEY HAVE COMPLETED A LOT OF IT -- SO THIS IS GREAT.
2-19-2015 Newshound Guru Kaperoni Article Quote: "the ruling Dawa party on the verge of cracking the fragmentation because of Maliki and practices with Abadi, who belongs to the same party" If the Dawa party (about 30-40 seats) falls apart it will only strengthen the other blocks. Which is good. And with the party falling apart, Maliki is losing control, and losing strength. Looks to me like his followers are abandoning him. Of course as Maliki gets more desperate, who knows what he will do.
2-19-2015 Newshound Guru Tlar With the publishing of the budget we will soon know the truth one way or another. If the budget comes out Sunday and a few days later they start disbursing the funds at 1166, then it is more than likely it will not happen this year. So this is likely the weekend we should see a change if they are going to do it this year. This budget takes all the guesswork out of this IMO... There is plenty of rumors, some supported by articles, and intel is once again heating up that support a change if that is what they do. I am, like so many of you keeping my fingers crossed they actually do it this time. This is a critical time for Iraq and we will see if they stand up to the challenges. IMO their liquidity problem, their lack of dinars, will be solved with an RV and the release of the smalls, or they will have to fund their budget in USD. All articles point to the fact that they want now to exclusively use dinar in country so again... Ministries are calling for de-dollarization now.
2-19-2015 Newshound Guru Aggiedad77 First...there is not likely to be a "new adjusted rate" ...within the budget ...there is likely to be the "language" that will allow for a rate change. Second...though it is possible I don't see a rate being announced ahead of the publication of the budget. Third... depending on what we see within the budget there definitely could be a time frame before we see the budget fully funded...we don't know that time period though...it could be minutes, hours, days...but the longer they wait...the more we believe they hurt themselves. Do not be excited about something we don't control...you will be disappointed...be excited by the action you do see...the BEST is yet to come!
2-19-2015 Intel Guru TerryK Article quote: "Iraqi facts circle, on Thursday, confirmed on Sunday that the next date of publication of the Federal Budget Law for 2015 in the Journal of the facts..." THE GAZETTE GOES TO PRINT SATURDAY...SO IT WILL SHOW IN THE PAPER SUNDAY...SATURDAY NIGHT SUN MORNING.
2-19-2015 Newshound/Intel Guru Arthur There is not some special Gazette where they keep secrets. The Gazette is the Gazette and there obviously is no budget in it yet because when it gets there the whole world will know that the budget is then legal, implemented and open and in the process of being distributed. The very fact that the budget has been signed and agreed upon but not yet in the Gazette tells us there are further steps that are still needed. These steps they are trying desperately to get done by Sunday earliest. Several two and three letter agencies are working feverishly with the GOI and the CBI to get this done. We have to remember this is way bigger than just us few dinarians wanting a pay day...this is big international business which needs this done immediately if not sooner but according to international protocols and mechanisms that make it legal and permanent.
2-19-2015 Newshound Guru Bondlady Article quote: "the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week to enable them to exchange." they are moving quickly to be able to release the fed budget next week...[I don't know what the hold up was on publishing the budget in the gazette...?] it could very well be all the laws needed to pull all this stuff off....to make this budget work. we still got a good shot for the 1st quarter imo. I had said a few weeks ago...If they could open it by say March we could be in good shape to see some sort of monetary change... imo even if it came out at a float instead of a RV or RI...supply and demand would drive up the rate pretty quickly... Abadi following the CBI instructions, CBI helping Abadis gov, Jubouri bringing the laws in an making them happen... its all good... CBI has to show us the way for sure and I feel they are about to...exciting times for us dinar investors for sure after all this time.
2-19-2015 Newshound Guru tlm724 Article quote: "Finance Committee in the House of Representatives member Haider Mutlaq, on Thursday, that the launch of the federal budget for 2015 by the Ministry of Finance to all ministries will be early next week..." now they are getting right and we have confirmation from the Minister of Finance on this, let me show you... Quote: "Implement the decision of the Cabinet in its meeting last Tuesday February 17, 2015, and pursuant to the Budget Law for 2015, regardless staff salaries self-financing companies, the Ministry of Finance has taken all necessary steps to pay those salaries procedures and starting from next week." I don't know what the hold up was on publishing the budget in the gazette but they will probably publish it now. I like the way things are coming together.
2-19-2015 Intel Guru Bulldog75 THERE ARE NUMEROUS, MANY REASONS FOR THE HOLD. SOME OF THE CRUCIAL SITUATIONS... INVOLVE: LOWER DENOMS RELEASE, COLLECTION OF ALL THE THREE ZERO IQD, LAW & ORDER, BANKS, DE-DOLLARIZATION, ETC. THE ABOVE TOPICS ARE OF GRAVE IMPORTANCE. GAZETTE DATA WAS DELAYED. THAT MAY SURFACE WITHIN 24-48 HOURS. CRUCIAL AS WELL. RV/CE COMES ONLY WHEN THE TIMING, DATA, INFO, PTB, CBI, GOVT, GAZETTE, TOTAL ABSOLUTE READINESS OCCURS. ...WHEN ONE THINKS IT CAN'T GET ANY CLOSER; THE SNAIL TAKES ANOTHER STEP OF ONE INCH. ...CE/RESET WILL OCCUR IN A FLASH.
2-19-2015 Newshound Guru Millionday UPDATE ON THE PRESIDENTIAL MEETING THEY ARE HAVING... THEY ARE MAKING AN AGREEMENT TO FOLLOW THE CONSTITUTION AND ALSO THE AGREEMENT ON OIL-THE BUDGET -- AND THE ERBIL AGREEMENT WITH THE GOV PROGRAMS -- THEY HAVE MADE HUGE AGREEMENTS WITHIN THE COUNTRY AND THEY ARE STATING THEY HAVE TO MOVE FORWARD WITH ALL THAT HAS BEEN DONE -- THE MEETING WITH THE PRESIDENTS IS POSITIVE AND ALSO VERY PRODUCTIVE IF THEY FOLLOW THROUGH -- WHICH IT APPEARS THEY WILL BE HAVING SOME HUGE ANNOUNCEMENTS...IT APPEARS AS IF THEY WILL BE RESOLVING ALL OUTSTANDING ISSUES.
2-19-20-15 Intel Guru Hocus Pocus [new guru] here is the latest information that I have...Had a little convo with my friend today. Exact words were "things are ramping up over there" They are excited. Having celebrations in the mosques. Very good feeling about how things are going. The notes on the television there are "their money is going to be worth something again". The announcement from last week did not happen. I think they are waiting on it right now but the feeling is it is very close.
2-19-2015 Intel Guru TNT Tony [via Adept1] We know it was timed to go on Saturday and it didn’t because one of the MPs and his staff was killed. We also heard that possibly Maliki and his friends were behind that to get this RV stopped. After this is done, there is no reason for them NOT to get rid of him, so Maliki is stalling this to save his own neck. Then they can show what he did for eight years and the public will become aware. There was an agreement that certain things would be done afterwards...Then they decided to get everything done, because Maliki was using those rules to stall this again. They are publicly telling people that this is ready to go, including the leaders of the provinces, in articles, etc. They have special planes delivering the currency to the provinces...That is how close they are to delivering this to us...
2-19-2015 Newshound Guru Millionday ...PARLIAMENT FINANCE IS INVESTIGATING WHY THE BUDGET HAS NOT BEEN PRINTED IN THE GAZETTE. I HAVE TO SAY -- I JUST DON'T THINK IT IS PRINTED YET -- I WOULD SAY ALL MEDIA WOULD HAVE IN IT THAT IT WAS PRINTED SO I STILL DO NOT THINK IT IS PRINTED IN THE GAZETTE.
2-19-2015 Intel Guru DC [via Adedpt1] The Budget has gone through the normal process for the first time in years. There have been articles saying that the President has signed, it is ratified, and it is in the Gazette although that has not been made public. We talk to people who are intimately involved in the process, so we know for sure it is in the Gazette. However, because it puts the whole system into a bind, they have chosen not to publish it publicly. Maliki has brought up the old 2014 budget and working at causing problems/blocks to progress. Maliki is not controlling the process but it’s causing disruption and delay. So we are waiting on these final laws that are in agreement with the Budget... They have already been negotiated and agreed to... It just takes a quorum to get into Parliament and do it. If that is done tomorrow, we will have an RV in the morning [Thursday]; if it takes until tomorrow, we will have an RV on Friday. Everyone in Iraq is ready... 2-18-2015 Newshound Guru Tlar According to intel the smalls have been delivered and picked up twice before indicating a reversed decision by the CBI. This time this feels different though because recent articles tend to support that they might finally be ready to follow through...in my opinion I think this is all over but the soap. ...do I think this intel is good, YES. (we may be much closer than we think. They can't drag this out without the Abadi government loosing total credibility.)
2-18-2015 Newshound Guru Enorrste Finally, the highlighted part of this article clearly indicates that Maliki is preparing to take action against Abadi "in the coming months". Highlighted quote: "He added Mashhadani that "there is an effort and a clear and serious by al-Maliki and his political team to thwart the current government and put obstacles in front of the current prime minister Haider al-Abadi," likely that "the al-Maliki to bring down the current government or paralyzed as a result of planned al-Maliki implemented in the coming months." So, the question is this: will Abadi be able to stop him? Only time will tell, but the fact that no action has been taken thus far against Maliki seems to imply that he has some serious backing within the State of Law party (also Abadi's party), to the extent that Abadi is apparently helpless to act. I don't like this. [post 2 of 2]
2-18-2015 Newshound Guru Enorrste Article: "Expert: Maliki seeks to bring security chaos to scuttle the current government" This is a frightening article indeed. First, it indicates that Maliki's action are not entirely in secret, which also means that he has a degree of confidence that he will succeed. Second, we know that he has his own security force, but this article also seems to indicate that he is the "current deputy President of the Republic or the planning and implementation of security," which may mean that he has even wider influence over security matters in the country than we might have thought. [post 1 of 2....stay tuned]
2-18-2015 Newshound Guru Adam Montana [do you see all of this speculation playing out for a couple of more years as suggested by some or are we at the peak of something happening?] We are definitely on the brink of SOMETHING... I temper my excitement by reminding myself that regardless of how far they've come in the last couple months, this is still Iraq and things will happen when they happen, and not a moment sooner.
2-18-2015 Intel Guru Mnt Goat ...Prime Minister Barzani, has paid a visit to Baghdad last Sunday, to activate the oil agreement signed between Baghdad and Erbil from late last year. We know that Abadi negotiated a temporary deal for a partial payment to Kurdistan and could not fully implement the oil deal since it was claimed there was lack of liquidity in the banks to back up the 119 trillion budget bill. We believe this lack of liquidity in part is due to the failure to as of yet increase the value of the Iraq dinar.
2-18-2015 Intel Guru Delta If Iraq came out at 10 cents the Forex will drive it up like crazy and it won’t take months.
2-18-2015 Newshound Guru Millionday Article quote: "Governor of the Central Bank...announced the desire of foreign investment companies to enter the Iraqi market...and the adoption of the single window to encourage investment in the country, being a real breakthrough for the revival of the Iraqi economy." WOW, THE CBI GOVERNOR IS STATING THAT THEY NEED TO HAVE MORE INTERNATIONAL INVESTMENT IN THE COUNTRY... THEY WILL NEED TO BE INTERNATIONALLY RECOGNIZED TO OPEN TO A MARKET ECONOMY -- FREE TRADE AND CUSTOMS /TARIFF PER TRADE AGREEMENTS. VERY INTERESTING THAT IT IS CBI GOV AND ALSO INTERESTING THAT THEY HAVE INVESTED IN MORE GOLD IMO. IT SEEMS HE MAY BE EXPECTING THE CUSTOMS/TARIFF AND ALL OF THE SINGLE WINDOW SYSTEM TO BE IN PLACE FOR THE INTERNATIONAL INVESTMENTS TO BE DONE -- VERY INTERESTING.
2-18-2015 Newshound Guru Chattels there is a new urgency about business in Iraq which may favor our very selfish goals...let's...wait to see what happens with the publication and implementation of the budget...it should not be much longer.
2-18-2015 Newshound Guru Tlar Fact- private jets are flying currency to Anbar province. INTEL - LD's are being delivered to banks now.
2-18-2015 Intel Guru Mnt Goat ...on yesterday, Tuesday Feb 17 it was finally announced by the Iraqi government that the ratified budget was placed in the gazette after being delayed by two days. ...this would mean the budget law is fully implemented and must be funded within 24-48 hours, as the cash flow to the provinces would have to begin for the projects. So why are they not funding these projects now? Already we see an investigation as to what is holding up this process.
2-18-2015 Newshound Guru Arthur So it looks like everybody now understands that GOI + HCL = RV. You cannot pull the horse before the cart and have a budget before there is a legitimate Hydrocarbon Law in Iraq. It would be like trying to start a successful bread company without an official and legally binding contract with the companies that provide the dough that you make the bread with. So despite the confusion with the tense structure of the translation in some articles, there has been no ratification of the budget in the official Gazette as of yet. But this is not a delay. This is the world making sure this agreement is legal and binding and agreeable for the long term by all parties involved. If we remember only a little over a year ago Kurdistan was seriously threatening to secede from its partnership with Iraq and even did a referendum with their citizens who were overwhelmingly in favor of this idea yet now in such a relatively short time we now sit on the verge of this historic agreement which will set a series of steps in rapid motion including all the necessary laws and up to and including the long awaited revaluation of the Iraqi dinar.
2-18-2015 Intel/Newshound Guru Backdoc HOW LONG UNTIL REALITY FOR THEIR MARKET ECONOMY AND THE RETURN TO SUPPLY AND DEMAND ON BLACK GOLD? NOT LONG!! EARLY MARCH WILL ROCK!!! I ESPECIALLY LIKE THE 48 TONS OF SECURITY (Gold) IRAQ BOUGHT BY ADDING TO ITS RESERVES WHICH WAS SPECIFICALLY PURCHASED TO SUPPORT THE LAUNCH OF THIS NEW CURRENCY! I ALSO LOVE THE ARTICLES OF THEM CRYING ABOUT NOT HAVING MONEY, DINAR MONEY THAT IS, WHILE THEIR SEEMS TO BE A COOPERATIVE SPIRIT AMONG THE KURDS AND BAGDAD! [post 2 of 2]
2-18-2015 Intel/Newshound Guru Backdoc IT'S BEEN MORE THAN INTERESTING TO SEE THE CONTROL OZ HAS DISPLAYED ON CONTROLLING BLACK GOLD. (Oz=IMF, WORLD BANK, U.S.TREASURY, AND CBI). I BELIEVE WE WILL SEE PRICES REMAIN CLOSE TO WHERE THEY ARE UNTIL IRAQ LAUNCHES ITS NEW CURRENCY. WE ALL ARE VERY EXPECTANT OF THE LAUNCH OF THEIR MARKET ECONOMY. ONCE WE SEE IT, REALITY ON CRUDE PRICES WILL LIKELY PREVAIL SENDING PRICES LOWER! SUPPLY WILL HAVE TO MEET DEMAND AND THE REAL WAR WILL BE FOUGHT ON THE EXTRACTION PRICE LEVEL WHICH IRAQ HANDILY WINS! [post 1 of 2....stay tuned]
2-18-2015 Intel Guru TerryK I TOLD YOU ALL MONTHS AGO THE ONLY HOLD UP WAS WHAT THE AGREEMENTS ON THE HCL WHO WAS GETTING WHAT %. THIS IS THE SAME STALL SITUATION THAT OCCURRED DURING THE KUWAIT DAYS...DAYS OF DESPAIR AND GLOOM AND DOOM. IT WILL ALL OF A SUDDEN HAPPEN.
2-18-2015 Newshound Guru Adam Montana ...not much has changed since last week. We are no closer, but thankfully no further. The HCL remains on the top of my watch list, and I am confident they will move on that shortly...Until then we remain positive and patient.
2-18-2015 Intel Guru Delta Most of the 3 zero notes have been collected by the CBI over the last 10 years have been collected and shredded. The CBI doesn’t have 33 Trillion. They have no liquidity! The whole region of Kurdistan needs IQD to pay salaries. How? When the IQD goes international...do you think you’ll be able to walk into any bank and buy 1 Million IQD? No. You can’t buy more than $3,000 of any currency of another country (per day) in a US bank. After the IQD goes international … you won’t be able to take the IQD out of the country (in mass quantity). Nobody...right now is allowed to take more than 10k IQD out of an Iraq airport. This Sunday the new system with the CBI will take effect. 22nd of February – new bank regulations begin.
2-18-2015 Intel/Newshound Guru Poppy3 RATE RUMORED TO ME TODAY [TUESDAY] THAT IT WILL SHOW IN 7 DAYS OR LESS. SAID IT WAS SET TO GO ON THE 13TH BUT BECAUSE OF JABORI WANTING MORE BINDING CLAUSES IN THE HCL THAT THEY WILL GET THE FULL 17% AND ON TIME. THIS SOURCE IS SHARING INFO FROM INSIDE BAGDAD CONTACTS SO THIS IS REAL IF AGAIN THEY DON'T CHANGE SOMETHING ELSE.
2-18-2015 Newshound Guru Millionday Article quote: "Iraqi Central Bank to invest cash reserves of hard currency through the purchase of gold, especially after the decline in gold prices in world markets over the past months, in a move it to diversify its reserves, the fact that gold is a store relatively safe for the value of the local currency, where the Council announced International gold buying CBI 48 tonnes of gold during 2014." CBI IS DIVERSIFYING THEIR RESERVES TO INCLUDE MORE GOLD DUE TO THE DECLINE IN PRICES. THEY ARE SAYING...THAT THEY ARE USING IT TO COVER THE VALUE OF THEIR LOCAL CURRENCY AND AS A COVER FOR THE PROCESS OF REMOVING THE THREE ZEROS...TO DIVERSIFY THE ASSETS OF THE GUARANTEED VALUE...AND ALSO THAT THE US IS THE DRIVING FORCE BEHIND THIS. ...IT SURE IT NICE TO SEE IT IS FOR THE PROCESS OF REMOVING THE THREE ZEROS.
2-18-2015 Newshound Guru Kaperoni Article quote: "The meeting will also look positively to the agreement between the federal government and the Kurdistan Regional Government agreement regarding oil and Budget and the commitment of the two parties..." IMO this is part of the reason for no budget yet. The budget is based on a revenue amount which is joint oil exportation between the gov and KRG. Without the completed HCL/Oil and Gas agreement with the KRG, I don't see how they can release the budget.
2-18-2015 Guest Intel Guru Hocus Pocus I have a friend that has family in Iraq and they talk to them almost every day...A few weeks ago...they started having some ribbons running across the TV saying they would soon have a more valuable currency...that has been going on for a while and the Iraqis are anxious for things to happen too. They want to be back where they were before of course. By that I mean have the value of their currency back to where it was before the war. Last week there was a new ribbon saying they would have a big announcement by the end of the week but that has not happened yet. They are truly just as anxious for this to happen as we are.
2-18-2015 Intel Guru Jester WE HAVE LOTS OF REPORTS FROM THE SANDBOX SIDE STRAIGHT OFF THE TV THERE...THAT THINGS HAVE BEEN READY FOR WEEKS...THEY ARE RUNNING ANNOUNCEMENTS OF CHANGE... AND THERE WAS SUPPOSED TO BE A BIG ANNOUNCEMENT THE END OF LAST WEEK THAT DIDN'T HAPPEN...THEY HAVE HAD A COUPLE OF MILESTONES THEY THOUGHT WERE GOING TO OCCUR THAT SIMPLY DIDN'T... THEY JUMPED THE GUN AND STARTED PUTTING THE INFO OUT THINKING IT WAS HERE AND THEN...DIDN'T HAPPEN... I THINK THEY WERE READY TO DO IT ON THE PREVIOUS SCHEDULE THAT WE HAD AND IT WAS PUT OFF FOR WHATEVER REASON... NOW...WE GOT TOLD ALMOST A MONTH AGO TO WATCH FOR THE 19TH...SO THAT IS WHAT WE HAVE BEEN DOING...WE WILL SEE IF ALL OF THIS COMES TOGETHER THEN OR SOON THEREAFTER. IT IS APPARENT TO ME THAT THEY ARE READY BUT BEING HELD BACK FOR SOME REASON...I AM HOPING THAT THE INDICATIONS OF JUMPING THE GUN ON A COUPLE OF THINGS SAY THAT WE ARE THAT CLOSE. 2-17-2015 Newshound Guru Aggiedad77 I would not be surprised to see this next Parliament session chock full of laws of importance...poised and ready to be dealt with swiftly and in unison...perhaps in a basket of sorts...Speaker Jubouri is doing something that they rarely if ever have done...had a meeting to decide what the next session's agenda will be comprised of....it will be interesting to see what is forthcoming from this meeting tomorrow.
2-17-2015 Newshound Guru sczin11 THE BUDGET HAS GONE THROUGH THE ENTIRE PROCESS, WITH THE EXCEPTION OF THE FINAL IMPLEMENTATION INTO LAW...FIRST TIME IN OVER A DECADE COMPLETED ON TIME, AS PER THE CONSTITUTION AND OBVIOUSLY THERE IS A REASON...THE TIME IS NOW....THE PROCESS HAS BEEN COMPLETED AND TOLD TO THE WORLD, THE 328 MEMBERS OF THE HOR CAME TO A MAJORITY AGREEMENT ...YOU CAN SEE TREMENDOUS PROGRESS NOW, AS COMPARED TO THE PREVIOUS YEARS.
2-17-2015 Intel Guru Delta A lot of good news coming out of Iraq. Budget – nothing will be activated or effective until it goes into the Gazette – and then it is official. The electronic clearing system is hooked up. It will give the Iraqi citizen the ability to go into any bank, check their balance, etc. You cannot go international without all of these banking systems in place. The WB, IMF and UST plays a big part in finishing the steps. It should take place very soon.
2-17-2015 Intel Guru Frank26 iTeams are telling us that this government is working hard and fast together to bring out the budget so the CBI and the IMF can have the legality to raise the value. They know that the world is watching them. They are going to do it right – and that is why it is taking as long as it’s taking. Banks have NO liquidity. This shortage is just now starting to hit these banks...is beginning to trickle down. The CBI knows where all of their money is at. They know who they sold it to and who has it. There are no laws for taxes and tariffs because the budget is not open yet. They are preparing their currency for a new rate and the CBI needs laws to make sure everything is in working order. The laws must be in position FIRST then the budget can be opened for the economic explosion in Iraq! [post 2 of 2]
2-17-2015 Intel Guru Frank26 We felt as if the budget was going to come out last Saturday – but it didn’t. The President signed it. We thought we would see the budget printed in the Gazette...but didn’t. The budget is not published ANYWHERE! It needs the laws first! The laws allow the budget to be legal. Meetings continue to go on. Who is at these meetings? The UN, IMF, BIS, WB, UST – all want to make sure the math for the budget works out. They are not there to be “involved” with the CBI...they are watching them to make sure they take the right steps. [post 1 of 2....stay tuned]
2-17-2015 Newshound Guru Kaperoni Article: "The agenda of the Council of Ministers includes approving the recommendation of the Committee on Economic Affairs on the authorization to support the independence of the central bank." I think this is huge. To have the CoM supporting the independence of the CBI is very good news.
2-17-2015 Newshound Guru sczin11 ABADI DIDNT RUSH THE BUDGET THROUGH, AND THE KURDS DIDNT GIVE UP THEIR 90 DAY THREATS IN DECEMBER, ONLY TO BE STOPPED SHORT BY...WHO? WHO I ASK IS STOPPING THE PROCESS? NO ONE I SAY!! NO ONE KNOWS DATE ...OR RATE. I THINK THE NEXT 2 WEEKS WILL BE VERY TELLING...LETS SEE IF THEY HOLD TRUE THIS TIME TO TARIFF IMPLEMENTATION.
2-17-2015 Newshound Guru Tlar Article quote: "Deputy accused in the parliamentary finance committee monopolistic companies belonging to the political monopoly of the bank sales of currencies, causing serious material losses for the Iraqi economy," It's funny how history repeats itself. In 2010 Shabibi had to put a stop to the cottage bank industry that sprung up in the green zone. Many MP'S started stock piling the dollar, offering to buy the dinar at higher than the program rate. In other words they were attempting to stock pile dinar by offering more money in dollars than the system did. Why? because in 2010 the word was out that "IRAQ WAS GOING TO REDENOMINATE ITS CURRENCY BY THE END OF THE YEAR." You and I would most likely attempt to get as much dinar as we could if we were in the know (government employees/MP's), and if we had the money to buy and hold. It's only human nature. I see this article not as a bad thing, but maybe a good sign that we are real close.
2-17-2015 Newshound Guru sczin11 [why delay putting it in the Gazette? Isn't that self defeating?] NOT IF THE PLAN IS NOT READY FOR COMPLETION, AS GAZETTE ENTRY REQUIRES IMPLEMENTATION... ARTICLE 58 OF BUDGET. TO ME THAT IS VERY TELLING...IF SOMETHING SIGNIFICANT WASNT ON THE VERGE OF TAKING PLACE, WHY NOT JUST ENTER IN GAZETTE, AND LET THE CURRENT DINAR AND VALUE BECOME A REALITY...ANSWER IS...CAUSE ITS NOT GOING TO HAPPEN THAT WAY, IMHO.
2-17-2015 Intel Guru TerryK SOURCE...ON PHONE SAID GOOD THINGS ABOUT THIS WEEK...LETS SEE IF THE OLD MAN IN IRAQ MAKES IT HAPPEN...HEARING ITS ALL IN THEIR COURT. I HAVE THIS GUT FEELING THAT THURSDAY WILL BE A WONDERFUL DAY.
2-17-2015 Newshound Guru Millionday PARLIAMENT HAD MANY LAWS THEY WERE WORKING ON AND WERE EXPECTED TO HAVE FINISHED. Quote: "...under the chairmanship of Salim al-Jubouri, and the presence of 218 deputies, to next Tuesday..." HERE IT SAYS THEY WILL RETURN TOMORROW (TUESDAY). THEY HAVE PLANS OF ADDRESSING EACH LAW SEPARATELY...INSTEAD OF THE BASKET THEY ONCE REPORTED... THESE ARE LAWS THEY WANT TO HAVE COMPLETE ALL AT ONCE FOR THE REFORMS AND THE NEEDED REGULATIONS. [post 2 of 2]
2-17-2015 Newshound Guru Millionday TOMORROW NIGHT [TUESDAY] THERE IS A HUGE HUGE MEETING WITH ALL THREE PRESIDENCIES PRESENT. THEY HAVE BEEN WORKING ALOT ON THE SECURITY NEEDED FOR THE COUNTRY -- WE HAVE SEEN MULTIPLE REPORTS ABOUT IT IN THE LAST WEEK --CONTRACTS, THE BANKS, AND MANY MEETINGS. ...THEY ARE USING EXECUTIVE POWER TO DEAL WITH THE MURDER THAT TOOK PLACE...THE GOV IS EXPECTED TO ENSURE CONFIDENCE IN IRAQ AND ITS SAFETY FOR THE PEOPLE COMING TO THE INVESTMENT CONFERENCE AND THE MANY OTHERS COMING THERE BY INVITATION FOR MEETINGS ETC. [post 1 of 2....stay tuned] 2-16-2015 Intel Guru TNT Tony [via Adept1] We know this was supposed to go off on Friday evening or Saturday morning...but it was delayed because the MP was killed. There is a deadline for the Gazette, someone will have to implement it, and we are looking very, very good. We are right on time...and I am happy today – it’s not here but it’s about to be here. I do believe we will see it this week, unless something stupid happens.
2-16-2015 Newshound Guru Tlar ...the government, planning, economics and finance committees along with the CBI who are now pushing to de-dollarize Iraq and articles have suggested that to continue dollarizing now is punitive to the dinar. We also know that the budget calls for 119 trillion dinars to be spent. So unless they print more of the existing secured replacement notes or re-release the counterfietable notes or change the law that has boxed them in to paying in dinars, that they have created a major liquidity problem. There simply is not enough of the replacement notes to pay the budget or fund projects or operate on unless they change the value and release the smalls. Shortly articles have told us that even their international airport is to use dinars only as dictated by the government. I don't think they will print more or the large secure notes and I certainly don't believe they will re-release the counterfeitable notes again, leaving in my mind no less than a significant change in value and a release of the coins and LD as the only viable option left. Remember as hard as they have been working at it, Iraq is still predominantly a cash society in their evolutionary cycle. I hope this helps. So in my opinion it is not money they are out of, but dinars.
2-16-2015 Intel Guru DC [via Adept1] They are getting some last minute banking laws done. They did try to do it again on Sunday but didn’t have a quorum... In Iraq, everyone was pretty frustrated, and also sad because of the tribal leader who got killed...the assassination did cause a delay. They do have new dates and timelines, but I’m being told that this will be done before the time stated in the articles – the 19th and 22nd are mentioned... I am told this will happen before then.
2-16-2015 Newshound Guru sczin11 Article quote: "the Council has completed the first reading of the draft National Water Council Act and submitted by the committees of agriculture, water and marshes, legal and which aims to adopt a common strategy on securing Iraq shares of common international waters, and draw a national policy for the protection of water resources, maintain and ensure the proper use and distributed equitably between the province and the provinces and sectors used. Then I decided Presidency adjourn the meeting to next Tuesday 02/24/2015." SO NOW WE GET A DETAILED REPORT ON TODAY'S PARLIAMENT, SHOWING THEY SEEMED TO HAVE MADE SOME PROGRESS, BUT...CLEARLY STATES ADJOURNED TILL TUESDAY FEB 24...NOT TOMORROW...
2-16-2015 Intel Guru TerryK THEY ARE RIGHT ON COURSE...THEY DON'T HAVE TO DO ANYTHING UNTIL THE 18TH UNLESS A VETO HAPPENS. THERE IS NO HOLDUP...THE DOCUMENT WAS SIGNED ON THE 29TH. THE CLOCK DOES NOT START TICKING UNTIL IT HIT THE DESK FOR APPROVAL WHICH WAS THE 2ND OF FEB. THEY HAVE 15 DAYS TO COMMENT, VETO, OR SIGN OFF. AFTER THAT IT BECOMES LAW THEN GOES INTO THE GAZETTE WHICH IS...WED THE 18TH...SO IT IS NOT OVERDUE.
2-16-2015 Newshound Guru Kaperoni Article: "Finance Committee revealed in the House of Representatives for open electronic clearing system files across the banks. Said committee member Dr. Magda Abdel-Latif al-Tamimi, said in a statement singled out the "morning": that the Commission will open this existing system files in 32 banks..." Some...articles...talk about laws that are needed to activate this system. I don't know if they are passed yet, but it is clear that this is all tied together with the smart cards, project chunked and international transactions...And a requirement to get investment into Iraq for the market economy. Progress is being made.
2-16-2015 Intel/Newshound Guru Poppy3 I ASSURE ALL OF YOU ISIS HAS ZIP TO DO WITH THE NEW RATE PERIOD.
2-16-2015 Intel/Newshound Guru Poppy3 FAR AS IRAQ BEING BROKE...WELL THEY TRIPLED THEIR GOLD HOLDING IN 2014 WHEN THEY BOUGHT 48 MORE TONS OF GOLD GIVING THEM 148,000 TONS AS RESERVE. THEY ARE ONE OF THE RICHEST COUNTRIES IN THE WORLD. WHAT THEY DO HAVE IS A SHORTAGE OF CASH AND GUESS WHAT WILL SOLVE THAT PROBLEM WITHIN DAYS. THATS WHY THEY CAN STILL QUALIFY FOR BILLIONS IN LOANS. RIGHT NOW THEY ARE PITCHING SOME CURVE BALL AND IN THE DIRT PITCHES BUT RICH FRIENDS GET READY FOR OUR CLEANUP HITTER TO CLEAR THE BASES WITH ONE MIGHTY SWING AT ANYTIME.
2-16-2015 Intel Guru Mnt Goat We wait for the announcement of the ratified budget to reach the gazette for the final step in the process of implementation. This final step has now reached its deadline. I totally and whole heartedly believe they must pass this “package” of new laws and complete the currency reforms on or about the time they open this new budget. A formal announcement that the budget was posted in the gazette will be a clue for us that they are about to open the budget...So you see Al-Abadi along with the CBI have to make a decision soon on when to RV this currency. I believe this decision had already been made weeks ago and was postponed due to recent events in Iraq. We are now in the final countdown window now that the budget is truly ratified and the deadline for it to be posted in the gazette is now overdue. We should hear news of this next event (gazette posting) this week. Then Iraq must fully fund the budget within 24 hours (partly by a revaluation).
2-16-2015 Newshound Guru sczin11 THEY ARE NOT PUBLISHING IN GAZETTE, IT APPEARS, AS THEY NEED ALL DUCKS IN ORDER. I TAKE IT, THAT THEY KNOW THE BUDGET LAW STATES IT MUST BE IMPLEMENTED ONCE IN GAZETTE, AND THEY NEED LAWS FINISHED TO DO SO...THUS THE ALL AT ONCE THEORY, OR CLOSE TOGETHER.
2-16- 2015 Intel Guru TerryK BUDGET IS SIGNED. IT IS NOT DUE TO GO IN UNTIL THE 18TH. IF IT HIT THE DESK ON THE 2ND, WHICH IT DID, THEY HAVE 15 DAYS TO VETO IT AND THAT PUTS IT ON THE 17TH AND THEN INTO THE GAZETTE. THE NEXT TWO DAYS WILL BE VERY INTERESTING. IF IT IS NOT VETO IN THE NEXT TWO DAYS WE ARE IN. EVEN THOUGH ITS BEEN SIGNED THERE HAS TO BE A REASON IT HAS NOT GONE TO GAZETTE YET.
2-16-2015 Newshound Guru Millionday "Finance Committee revealed in the House of Representatives for open electronic clearing system files across the banks." THEY ARE OPENING THE ELECTRONIC CLEARING SYSTEM...THIS IS THE OPENING OF THE INTERNATIONAL BANKING SYSTEM PER COMPLIANCE AND HOW GLOBAL BANKING IS DONE AND LINKED. [32] BANKS...HAVE BEEN ISSUED AN INTERNATIONAL SWIFT CODE SYSTEM...[and] EXCHANGE FOR MONEY COMPANIES...HAVE SWIFT CODES AS WELL. THEY WILL BE CONNECTED TO MANY MANY BANKS ACROSS THE GLOBE WITH THE SWIFT SYSTEM. THIS IS SO VERY IMPORTANT FOR THE ENTIRE PROCESS OF IRAQS GLOBAL ENTRY ETC AND ALSO THE INTERNATIONAL ACCEPTANCE. EVERYONE NEEDS TO UNDERSTAND WHERE THIS PUTS IRAQ`S BANKING REFORM PROGRESS ON THE SCALE OF BEING DONE ACCORDING TO WHAT THE WORLD BANK SEES FOR ITS COMPLETION... HUGE HUGE WHOOOPOW.
2-16-2015 Newshound Guru Kaperoni Article: "Deputy for the Kurdish coalition, said on Sunday that the provincial delegation, headed by Prime Minister Barzani will meet today Prime Minister Haider al-Abadi." I said.."it isn't done!" This is a process. First the initial agreement to get oil flowing. Then a sign from each party that they will honor that first agreement. And now more discussions on the remainder of items that will be incorporated into the HCL law. The one hiccup seems to be a lack of funds by the GOI. Today's meetings implied that the GOI could not make the payment as stated to the KRG which could toss a wrench in these negotiations. Time will tell...but the good news is they are ironing out the HCL so that can go to CoM and parliament soon. 2-15-2015 Intel/Newshound Guru Poppy3 I TRUELY DON'T EXPECT TO SEE ABADI LET ANY DISRUPTION HAPPEN TO HIS PLANS FOR FINANCIAL REFORM. HE HAS NOT ALLOWED ANY TIME OFF AND ANY THING DISRUPT PROGRESS THUS FAR IN HIS ADMINISTRATION...FOR NOW I SEE NOTHING IN THE WAY TO STOP ABADI.
2-15-2015 Intel/Newshound Guru Backdoc Article quote: "...affirmed the decision of Parliament Niazi architecture Ihsanoglu, said on Sunday that the parliament session will witness a surprise, noting that all the political blocs will attend the meeting." WE ARE HEARING FROM A SOURCE...THAT THERE WILL BE A SURPRISE ANNOUNCEMENT TOMORROW! Quote: "Omar Abdel-Latif Finance Committee revealed in the House of Representatives for open electronic clearing system files across the banks." WE ALSO HEARD THAT...BANK ACCOUNTS ARE BEING RESTRUCTURED TO ACCOMMODATE ELECTRONIC CLEARING OF ALL THEIR PAYMENTS...
2-15-2015 Newshound Guru Kaperoni Article quote: "A member of the Committee for Economy and Investment parliamentary The Prime Minister, Haider al-Abadi, the face of the support of private banks, to ensure financial liquidity movement in the country." There appears to be a liquidity issue in Iraq right now. This is getting interesting. They don't have money. The meeting with the central gov and KRG went well...except they cannot pay them. There is a shortage of cash to pay people. What is so sad is...if they would pass the laws and open the economy/dinar there would be plenty of money coming into the country. Iraq is their own worst enemy. When people don't work, have jobs or even have a government that can pay them, why should a bank lend to them? They don't. Changing the value of the dinar won't change that...what will is putting people to work, creating businesses, etc through the successful launch of a market economy. Right now all the GOI is doing is trying to find a way to tread water until the laws are in place, security has taken hold (ISIL is gone).
2-15-2015 Newshound Guru Aggiedad77 "Parliamentary Finance denies the exception of the budget publication in the Official Gazette Law" It is my opinion that they will follow Constitutional protocol and publish the budget...who knows when...maybe today...maybe tomorrow...but the bottom line...they need to publish the budget as with all laws...I am of the opinion for them to "not" publish the budget in the Gazette would take an amendment to the Constitution to do so...just thinking practically here on the subject.
2-15-2015 Intel Guru Frank26 Article: "Parliamentary Finance denies the exception of the budget publication in the Official Gazette Law" LAWS ARE BRINGING THE 2015 BUDGET TO THE GAZETTE as you breath. I ALSO said LAWS are NOW MARRIED to the Budget!! YOU just can't SEE this yet as of today ...MAYBE tomorrow.
2-15-2015 Intel Guru EXOGEN Article: "Parliamentary Finance denies the exception of the budget publication in the Official Gazette Law" IN A NUT SHELL EITHER BUDGET GETS PUBLISHED ON THE 16TH OR THE CAN IS KICKED AGAIN...WE WILL HAVE ALL THE ANSWERS LATER TODAY BASED ON WHAT BARZANI DOES. THE STAGE IS NOW BEING SET FOR THIS TO POTENTIALLY GO TO MARCH. WE WILL KNOW WHERE THINGS ARE WITHIN THE NEXT 24 HOURS OR LESS.
2-15-2015 Newshound Guru Aggiedad77 Article: "Parliamentary Finance denies the exception of the budget publication in the Official Gazette Law" The Finance Committee is denying that the budget law has an exception for appearing in the Gazette, stating that all laws must appear in the Gazette to gain legal status...so any statements that the media may have published about not being required to be in the Gazette are false.
2-15-2015 Newshound Guru My Ladies THEY DID 1ST AND 2ND READINGS ON ODDLES OF LAWS. THEY COULD HAVE CONTINUED IF IT WAS THAT EASY. THEY WOULD NOT BE IN A STATE OF LIMBO. WHY DIDN’T THEY CONTINUE WITH THE VOTE ON THESE LAWS THEY RUSHED TO FIX? WHY DIDN’T THEY FINISH THE FEDERAL LAW? THAT’S A BIG ONE AND WHY DIDN’T THEY FINISH THE SECURITY GUARD LAW? THEY ONLY NEED 4 DAYS BETWEEN EACH READING AND THEN A VOTE, SO WHY NOT JUST DO IT? THEY CAN’T! KURDISTAN IS IN BAGHDAD. BIG BIG NEWS RIGHT? WELL I DON’T THINK SO....OF COURSE THEY ARE IN BAGHDAD, THEY WANT THEIR MONEY TOO. WELL GUESS WHAT? BAGHDAD DOESN’T HAVE IT. KUWAIT IS IN IRAQ TODAY TOO. WOW!! THAT HAS TO BE GOOD RIGHT? ...EVERYTHING WITH KUWAIT HAS BEEN SETTLED. ISN’T THAT WHAT THEY TOLD US LAST MONTH? SO WHY ARE THEY DISCUSSING BI-LATERAL RELATIONS AGAIN? SO FROM WHAT I SEE TODAY NOTHING HAS CHANGED AND THEY NEED AN INTERNATIONAL CURRENCY TO CONTINUE.
2-15-2014 Intel/Newshound Guru Poppy3 REMEMBER I STATED...SUNDAY WILL BE THE MOST INTERESTING DAY THIS WEEK. BARZANI...RELEASTED A POST THAT HE WOULD ARRIVE TODAY [SATURDAY] TO DISCUSS OIL RELATIONS... SO ANNOUNCEMENT CAN POSSIBLY BE ANNOUNCED SUNDAY AFTERNOON. SO WE WAIT AND PRAY ALL AGREEMENTS ARE STILL VALID AND ALL GOES WELL WITHOUT DISRUPTION FOR ANY REASON.
2-15-2015 Newshound Guru sczin11 HERES WHAT I AM SEEING, HOR SEEMS TO BE LOOKING FOR EXCUSES TO PROLONG THE READING AND PASSING OF LAWS, THIS TELLS ME THE PLAN IS NOT READY TO BE FINISHED...FOR THE SAME REASON, BUDGET NOT IN GAZETTE YET...AS WE KNOW, CERTAIN BANKING AND INVESTMENT LAWS NEED TO BE COMPLETED, SO THAT FOREIGN INVESTORS HAVE INCENTIVES TO COME IN...WITH TARIFFS SCHEDULED FOR MARCH 2 LAUNCH, I WOULD SAY THE NEXT TWO WEEKS SHOULD BE VERY TELLING!
2-15-2015 Newshound Guru Millionday Article quote: "the Kurdish delegation will arrive on Sunday to Baghdad; to supplement the discussions about the oil agreement between Baghdad and Erbil..." THEY ARE ARRIVING FROM KURDISTAN TO FINISH AGREEMENT FOR THE HCL -- REMEMBER THAT ORDERS TO HAVE THIS LAW AND ALL LAWS DONE BY THIS COMING WEEK SHOW US THAT THEY ARE LISTENING IT APPEARS -- THEY HAVE STATED URGENT IN MOST REPORTS I HAVE SEEN ABOUT THE WORK OF PARLIAMENT.
2-14-2015 Newshound Guru Millionday "Rafidain Bank to start activating the MasterCard service in its branches inside and outside Iraq said in a statement that the bank has issued experimental cards from MasterCard..." THIS IS AN EXPERIMENT TO SEE IF ALL IS WORKING CORRECTLY WITH THE DATA ENTRY THIS REQUIRES IN BANKING THROUGHOUT THE NATION AND ALSO WITH ALL BANKS AND POINTS OF ENTRY. THE NEED TO CONDUCT THIS EXPERIMENT IS WHAT EXCITES US.
2-14-2015 Intel Guru TNT Tony Everything is still great! No bad news!
2-14-2015 Intel/Newshound Guru Poppy3 Article quote: "The MPs and the Ministers of the National Alliance withdrew from the parliament session of Saturday. MP, Abdul Karim Abtan, attributed the withdrawal to "The kidnap of the MP, Zaied al-Janabi, assassinating the chieftain of Janabi tribes and killing the MPs' guards." REMEMBER I SAID ALL WEEK TO DETAIN THINGS HAPPENING TODAY AND TOMORROW SOMETHING MAJOR WOULD HAVE TO HAPPEN AND THIS KIDNAPPING OF THE MAN AND HIS FAMILY ARE JUST THAT KIND OF ACT. KEEP IN MIND THE NEWS MEDIA THERE ARE VERY CONTROLLED. IT WILL TAKE TIME TO KNOW THE FACTS SO DONT JUMP TO CONCLUSIONS YET.
2-14-2015 Newshound Guru Aggiedad77 Article: "Keywords: important laws require further deliberation, the parliament is determined to approval" A member of the National Alliance states that the COM has worked hard to present laws to Parliament and Parliament in turn is working diligently to get these laws approved things like the oil and gas law, the law of parties....expect to see these laws showing up on Parliament's agenda in the coming timeframe to be read and then voted upon.
2-14-2015 Newshound Guru Millionday THE HOUSE HAS ORDERED AL-JABOURI TO ADDRESS ANY LAWS THAT HAVE BEEN DELAYED...HE HAS TO ADDRESS THEM THIS WEEK -- SO ANY LAWS THAT ARE NOT FINISHED OR ARE IN NEED OF A VOTE MUST BE COMPLETED THIS WEEK. MANY LAWS WE HAVE READ ABOUT MADE IT THROUGH THE SECOND READING AND THEN NO MORE WAS SAID ABOUT THEM...SO THEY ARE CALLING FOR ALL AT THE SAME TIME -- THIS WEEK-- THEY NEED TO BE VOTED ON AND FINISHED. THE GOV PROGRAMS AND AGREEMENTS NEED THESE LAWS TO BE COMPLETED SO THE TIMELINE TO HAVE THEM COMPLETE THIS WEEK IS OF COURSE VERY EXCITING...THIS INCLUDES THE HCL. THEY HAVE AROUND 90 LAWS THAT WILL BE ALL AT THE SAME TIME -- THEY MAY DO A MASSIVE PRINT IN THE GAZETTE TO BRING THEM TO LAW.
2-14-2015 Intel Guru TerryK I DON’T THINK TOMORROW EVEN THOUGH THAT’S THE GAZETTE NORMAL DAY TO PUBLISH. I THINK IT WILL ALL HAPPEN SUNDAY WHEN THE BANK OPENS NO BIG FAN FAIR. 3.56 is what im hearing for the ri rate then rv very soon after that OVER 8.16. WE ARE AT THE DOORSTEP OF LIFE CHANGING CRAP.
2-14-2015 Newshound Guru Aggiedad77 I believe "IF" the budget is seen on Sunday it will be 1166. "IF" we see 1166...they should be ready to release things. This should be short-lived IMO...otherwise Iraq as a country would implode due to what it owes. I'm thinking the real question here is "WILL" we see the budget Sunday. "WILL" the LAWS be ready is the other question that interests me. Currency shortages appear to tell a tale that our timing must be fairly short. Bottom line...something has to give...I think the budget will show at 1166.
2-14-2015 Intel Guru TNT Tony [via Adept1] The process calls for it to come out at 1166, then go to $3.91, and then it could go higher still. It could be [1166] for 20 seconds or 20 minutes, but you will soon see the rate go to $3.91. We know that HCL and signed agreements are already in place. We know they are supposed to pay Kurdistan tomorrow [Saturday]. Those have already been done and signed off. Everyone knows the time frame. We were given the information that it would be last Thursday or over the weekend. Everything has been approved and passed; in Iraq, they were just finalizing bank laws in-country and internationally. All that has been accomplished, so we wait for today, tomorrow, Sunday, Tuesday at the latest.
2-13-2014 Newshound/Intel Guru Arthur ...I have always maintained is that GOI + HCL = RV... And here we are at the doorstep of the final element of that historic and decisive equation. We have had several breakthroughs in the past few weeks with the HCL that resulted in the first historic step which was the HCA, and agreement in principal to all of the many moving parts of this agreement between the center and the region which has led us to the great place we are now in this process. Abadi and Barzani have been meeting to settle the few remaining technical issues such as SOMO and the fair amount to be exported by Kurdistan for their 17% and I am being told that, if all goes well, Sunday they will meet to formalize and sign the HCL for official implementation once and for all, an action which will give the green light to enact all economic related reform laws necessary to commence the long awaited revaluation of the Iraqi Dinar.
2-13-2015 Intel Guru DC [via Adept1] Iraq is very ready, they have prepared everything – they’re waiting for the public part of the Budget to be released, and if it doesn’t come out with the new rate, it will go up shortly afterwards. We are told it should go within a few hours after the publication, but they do have up to 72 hours after that if they choose to do that – ‘they’ meaning Abadi and Shabibi. ...the Budget IS in the Gazette. We know people there and it is in the Gazette. It will go public in the next day or so, but we just don’t know… could be as late as Tuesday. Abadi and Shabibi are working the phones to make sure everyone internationally is lined up and ready to go. They are talking to our President, LeGarde, the UST and Bank of England right now. The timelines have been agreed and they are abiding to them so far, and we hope that continues because it will make our lives very good really soon. Both Iraq and the US are making a strong attempt to get this done this weekend...
2-13-2015 Newshound Guru Millionday Article quote: "President Fuad Masum, on Thursday, with a member of the Committee on Energy and Oil parliamentary, Ibrahim Bahr al-Ulum, ways to accelerate the implementation of the oil agreement between Baghdad and Erbil." THEY HAVE MET ON THE OIL AGREEMENT WITH ERBIL -- I LIKE THEY NEED TO ACCELERATE IT. SO THEY ARE TRYING TO RUSH THE ACTIVATION -- GREAT NEWS -- THE ECONOMIC ASPECT OF THE AGREEMENT OBVIOUSLY IS NOT THE PROBLEM -- SO THIS IS POLITICS AS THEY SAY.
2-13-2015 Intel Guru TerryK [Barzani heading to Baghdad to meet w/ Abadi this weekend, final crossing of the T's and dotting the last I's.] I THINK YOUR SPOT ON WITH THAT. PARLIAMENT IS WORKING ON...LAWS...TODAY. THEY ARE FULL FORCE FORWARD. THEY HAVE BEEN TOLD GET ER DONE. [Do they think by the end of the weekend?] BY THE 18TH THEY ALL AGREE BASED ON LAW IN IRAQ AND ARTICLES POSTED THIS WEEK.
2-13-2015 Intel Guru Bulldog75 THESE ARE SOME OF THE BEST CONDITIONS WE HAVE SEEN IN A LONG TIME FOR IRAQ. THE MOST CRITICAL SITUATION HERE, RIGHT NOW, THIS VERY MOMENT, IS THE IRAQ BUDGET BEING OFFICIALLY RELEASED IN THE GAZETTE AND THE LOWER DEMONS ABOUT TO BE RELEASED FROM THE BANKS TO THE PUBLIC. REMEMBER, IRAQ CITIZENS ARE CURRENTLY USING THE US DOLLAR. IF EVERYTHING GOES AS PLANNED, THE USD WILL BE CALLED IN OVER THE WEEKEND AND THE LOWER DENOMS COME OUT IN EXCHANGE WITH A "RE-VALUE". THIS WILL NOT BE AN RI. MINIMUM RATES SHOULD BE 3.33 UP TO A MAXIMUM OF 11.11 DEPENDING WHO YOU ARE ; AND WHERE YOU ARE. THIS IS NOT A FIRE DRILL.
2-13-2015 Newshound Guru Aggiedad77 Article: "Kurdistan: Visit the region's delegation to Baghdad on Sunday" The Kurds continue to grow restless over the lack of salary payments from Baghdad and PM Barzani will lead a delegation to Baghdad on Sunday to discuss salary issues and any other remaining issues that pertain to the oil and gas agreement signed in December.
2-13-2015 Intel Guru Mnt Goat As we know president Masoum ratified the 2015 federal budget bill on Tuesday Feb 10 and we now wait for it to be posted in the gazette. But don’t be in such a hurry for this since there could be complications if this is done too quickly. Technically we DO NOT want the budget bill to be posted in the gazette without an increase in value to the Iraqi dinar first...if the budget gets posted in the gazette without some major financial changes/restructuring taking place, then Iraq can not meet its financial obligations as approved under this new budget to pay debtors. What I am hearing is simply that technical issues are holding up everything. These are not hard issues to fix and the GOI and the CBI want them fixed prior to moving forward. ...they are about to revalue the Iraqi dinar IQD and it MUST happen in the coming next few days ahead (not weeks). Do not be discouraged...we will see this RV very shortly.
2-13-2015 Intel/Newshound Guru Poppy3 I DON'T REALLY EXPECT A RATE BEFORE THE MEETING WITH BARZANI THIS SUNDAY BECAUSE THEY CAN'T PUBLISH THE FULL BUDGET TILL HE SIGNS OFF ON THE KURDISH PART OF THE BUDGET AGREEMENT. SUPPOSEDLY AT THAT POINT THEY CAN GIVE THE RATE AND PUBLISH. REMEMBER THE GAZETTE USUALLY PRINTS ON SATURDAY BUT THEY HAVE SAID SEVERAL TIMES THEY CAN PRINT A SPECIAL EDITION ANYTIME NEEDED. HANG TIGHT RICH FRIENDS IT ALL IS VERY PROMISING AT THIS POINT.
2-13-2015 Newshound Guru Millionday "Iraq has begun advancing steps forward to enhance its security and its economy, and that all political forces see in the political reforms the best solution, pointing to the presence of significant challenges will be to overcome the togetherness of everyone's efforts..." SO WE ARE NOW IN THE REFORM PROCESS. I HAVE AN ANNOUNCEMENT ABOUT THE ISX -- IRAQI STOCK MARKET AND WHAT CBI HAS STATED: "According to the announcement by the CBI, CBI Board of directors has taken decisions on its exceptional sessions no. 1519 on Jan. 25, 2015. According to the CBI’s Law No.(56) for the year 2004 (revised), CBI issued instructions to achieve the goals of the bank and the stability of the IQD exchange rate against foreign currency through the optimum use of the resources of foreign exchange resources..." THE DINAR RATE WAS IMPOSED AND NOW THEY ARE REFERRING TO CHANGES TAKING PLACE. The instructions will be applicable starting from Feb. 22, 2015. (Source: CBI)
2-13-2015 Intel/Newshound Guru Poppy3 MEETINGS OF FINANCE COMMITTEE'S IN BAGDAD WENT WAY INTO THE NIGHT TODAY [THURSDAY]. REPORTED THEY WHERE IN MEETING TILL AFTER 11 PM IRAQ TIME. NO WORD ON WHAT WAS DISCUSSED BUT SHOWS THEY ARE DETERMINED TO COMPLETE THEIR JOB. NO DELAYS AND NO STATUS QUO FROM HERE FORWARD. WE HAVE NO IDEA WHAT THE TRIGGER OF COMPLETION IS BUT KNOW THEY ARE WORKING TO GET TO THE CBI SATISFACTORY TRIGGER POINT.
2-13-2015 Newshound Guru Adam Montana [Could the (supposed) impending return of Dr. Shabbi to the CBI have any effect on the timing of an announcement?] Dr. Shabbs has always had my respect as an intelligent and capable person - if that's what's going on, I'm sure there's a good reason. My main focus right now is on the HCL.
2-12-2015 *** Dinar Guru NEWS FLASH *** Newshound and Intel Guru reports are coming in reporting the 2015 Iraqi Budget has been signed by President Masum! Next step is for the budget to be listed the Gazette (date unknown at this point). This could have far reaching repercussions on the dinar...stay tuned as this important story unfolds. If you are not on the official Dinar Guru Alert list now is a good time...as always it's free and is the easiest and best way to know when a major change happens with your dinar rate...click here now to join now [The latest guru updates will continue below.] 2-12-2015 Intel/Newshound Guru Poppy3 BUDGET SHOULD BE PUBLISHED SATURDAY. THAT IS THEIR REGULAR DISTRIBUTION DAY. THEN THE KURDS CAN GET PAID ON SUNDAY MEANING THE RATE HAS CHANGED. AT LEAST THATS HOW IT IS SUPPOSED TO WORK IF NOTHING GOES BAD BETWEEN NOW AND THEN. IF HE ANNOUNCED TODAY THAT ECONOMIC REFORM HAS STARTED THEN THE BUDGET IS POSTED AND IT HAS TO BE FUNDED FROM SOMEWHERE...
2-12-2015 Newshound Guru Millionday A MANAGED FLOAT MEANS THAT THE CURRENCY IS PUT ON THE MARKET ONLY ALLOWED TO MOVE 2% UP OR DOWN -- A FLOAT ALLOWS THE MARKET TO MOVE IT AS MUCH AS IT DOES BY SUPPLY AND DEMAND. THE REASON THAT MY OPINION IS THAT IT WILL BE A MANAGED FLOAT IS THAT THEY DID A BUSINESS TEST LAST YEAR WITH A "PROGRAM RATE" AND ONLY ALLOWED IT TO MOVE 2% TO TEST WHAT IT WOULD DO TO THE INFLATIONARY RATE -- SO I JUST GUESSED THAT IT MAY BE MANAGED BUT THEY COULD HAVE ALSO BEEN DOING THAT THEN TO SEE WHAT WORKS BEST TOO --- SO I DONT KNOW WHICH ONE.
2-12-2015 Intel Guru TerryK THE BUDGET IS NOT IN THE GAZETTE... [Do you think it will go deep into next week?] I DO NOT. [So are your sources pumped?] THEY ARE.
2-12-2015 Intel/Newshound Guru Poppy3 IT WAS REPORTED TO ME LAST NIGHT (UNCONFIRMED ) THAT THE HCL IS BEING POSTED SUNDAY AND IT IS ALL FINAL AND AGREED ON BUT BARZANI MUST SIGN IT AS ACCEPTED AND THEN IT CAN BE IMPLEMENTED IMMEDIATELY SO THE KURDS WILL START GETTING THEIR 17% OF THE NEW RATE.
2-12-2015 Newshound Guru sczin11 ...THE BUDGET IS NOT IN THE GAZETTE, YET, THAT WE KNOW OF...AND WHEN IT DOES GET THERE IT NEEDS TO BE FUNDED...THE LAW STATES SO...
2-12-2015 Intel Guru Mnt Goat Some say they will wait for March 1st to pull the trigger on the revaluation. Personally I do not see them waiting this long since we all know the legalities and the final process for funding the 2015 budget. So you see Al-Abadi along with the CBI have to make a decision soon on when to RV this currency. I believe this decision has already been made weeks ago and we are now in the final countdown window now that the budget is truly ratified and ready to be posted in the gazette. It is a process that must play out. We should hear news of this next event (gazette posting) today or tomorrow. Then Iraq must fully fund the budget within 24 hours (partly by a revaluation). ...there is NO WAY IN HELL Iraq is going to come out with a .10, .20, .30 or even a .40 cent rate. The value must be significant in the exchange process. Basic economic rules of supply and demand (and a little common sense) tells you they must come out with a higher rate than the USD currently has.
2-12-2015 Newshound/Intel Guru Bluedog ...THE UN IS IN IRAQ MEETING AND SITTING IN PARLIAMENT MEETINGS SO THE UN IS THERE TO GUIDE THIS LAST PROCESS TO INTERNATIONAL IMO.
2-12-2015 Newshound Guru sczin11 DO NOT BE DISAPPOINTED...MUCH WAS HOPED FROM ABADIS STATEMENT TODAY...HE IMPLIED IMPLEMENTATION IN HIS SPEECHES FROM DAVOS, AND MOST RECENTLY GERMANY...AT FIRST GLANCE, APPEARS TO BE SIMILAR RHETORIC TO WHAT WE SEE DAILY FROM ALL THE VARIOUS ECONOMISTS... THE BUDGET STILL NOT IN GAZETTE, THAT WE KNOW...THUS FUNDING THE BUDGET NOT IN PLAY, AS YET...WE WAIT FOR MORE DETAILS!! REMEMBER, NO MATTER WHAT YOU HEAR OUT "THERE", THE BUDGET IS NOT IN THE GAZETTE, YET! IF IT WERE THE CBI WOULD BE IN VIOLATION OF THE "LAW" AGAIN TODAY, WITH AUCTIONS OVER THE $75 MILLION NEW CAP.
2-12-2015 Newshound Guru Breitling The lowering of the note count and then introducing the lower notes and you and I getting value..that's three separate events. In other words if they lower the note count they don't have to introduce new notes for you and me to gain value in the dinar. Articles come out saying they aren't going to introduce new note for 5 years…so what! They've lowered the note count…they've added value to the overall country and those notes represent that country…it they lower the note count then more and more value is being added to the notes that are left on the table…it's very simple. If the value goes high enough they are going to have to introduce lower notes. They have a plan to retire notes but they have to add a lot of value to it first...
2-12-2015 Newshound Guru Chattels gold price still dropping 1,218.50 [awesome!!! right?] yes...according to my " pet theory ", that people in the know will dump their gold just before our liquidity event and re-invest at the low(er) price following the event.
2-12-2015 Newshound Guru My Ladies WE NEED TO SEE THE CURRENCY GO INTERNATIONAL FIRST THEN SEE THE GAZETTE. IF IT IS DONE THE OTHER WAY AROUND WE HAVE A SERIOUS PROBLEM. IF THE GAZETTE PUBLISHES AND THEY ARE NOT INTERNATIONAL THEN IRAQ HAS DEFIED BASIC ECONOMICS AND WE NEED TO SET IT ASIDE, BECAUSE THEY WILL NOT RE PRICE ANY TIME SOON. ...DON’T BE DISCOURAGED THAT WE ARE NOT SEEING IT IN THE GAZETTE...AS HARD AS IT IS TO BELIEVE THAT IS A GOOD SIGN. INTERNATIONAL CURRENCY IS NEEDED BEFORE THEY PRINT AND FUND THE BUDGET. [post 2 of 2]
2-12-2015 Newshound Guru My Ladies SOMEWHAT GOOD NEWS IS THE BUDGET IS NOT IN THE GAZETTE YET. SO WE JUST HAVE TO SEE WHAT HAPPENS. I AM STILL LOOKING TO THE GLOBE AND THE JOB THE DINAR WAS MEANT TO DO. IRAQ IS WAITING TOO. AND WHILE THEY WAIT THEY ARE GATHERING NEW BILLS AND OLD BROKEN LAWS AND MEETING IN PARLIAMENT A FEW HOURS EACH TIME AND DOING FIRST READINGS ON MANY THINGS AND SECOND READING ON SOME THINGS BUT NOTHING REALLY TO SPEAK OF IS GOING TO A VOTE. THEY ARE UNABLE TO VOTE IN SOMETHING THEY CAN NOT PAY FOR. [Post 1 of 2....stay tuned]
2-12-2015 Newshound Guru Adam Montana [Given all of the activity coming out of Iraq over the last 6-8 weeks, what are your current thoughts about the timing of an RV?] I try not to go into dates, but this has been THE most exciting time we have seen EVER! So... step 1, publish the budget. Step 2, HCL. Step 3, RV.
2-12-2015 Intel/Newshound Guru Poppy3 EXPECTING A RATE BY MONDAY EVENING AT THE LATEST UNLESS SOMETHING VERY DISRUPTIVE HAPPENS. TIME WILL TELL. THAT INFO FROM STREETS OF BAGDAD AND OFFICES IN WASHINGTON AND THESE ARE THEIR THOUGHTS AS TO WHERE IRAQ STANDS AS OF TODAY.
2-12-2015 Newshound Guru My Ladies EVERYTHING IS MOVING ALONG SLOWLY BUT STEADILY ON THE RIGHT TRACK. Abadi's Speech Quote: "Prime Minister Haider al-Abadi, on Thursday, an initiative to develop the private sector in Iraq, "stressing that" Iraq will emerge Aouky of economic and security Ozmteh but they need to be patient. " ...THE SPEECH FROM THIS MORNING...ABADI IS ADDRESSING THE ISSUES OF THE PRIVATE SECTOR AND FUTURE PLANS...ALL HE DID WAS GATHERED ALL THE THINGS THAT NEED TO BE DONE AND PUT THEM INTO ONE ADDRESS. HE SAYS THESE ARE ALL THINGS TO COME AND EVERYONE NEEDS TO BE PATIENT.
2-12-2015 Newshound Guru Millionday Article quote: "A government source said today, that the prime minister Haider al-Abadi, will announce on Thursday [private sector development strategy]..." ...THE PRIVATE SECTOR DEVELOPMENT PLANS/STRATEGY IS HUGE --- AND THAT SAYS TOMORROW [THURSDAY]. SO THIS GOES WITH MANY MANY OTHER THINGS FOR TOMORROW [THURSDAY]... THE PLAN WILL BE EXPLAINED AND TRANSPARENT. TOMORROW [THURSDAY] SHOULD BE THE BUDGET -- FIVE LAWS (INVESTMENT AND ECONOMIC) AND THE GOV PROGRAMS BEING ACTIVATED -- ALONG WITH THE MARKET ECONOMY STEPS PER LAW OF CONSTITUTION AND A FEW OTHER THINGS I DONT HAVE INK ON.
2-12-2015 Intel Guru DC It looks like it will come out at something like $3.58 to $3.95. The dong may come out at 8 cents but we believe it’s most likely to rise afterwards. We are just really, really close. We understand that Iraq is ready, the banking issues are resolved, pretty much. The Budget is now is the Gazette, and don’t be shocked if it comes out a 1166 rate. It could take 4-5 days to get pushed out, so don’t get jumpy. We’re looking for it at night...
2-12-2015 Intel Guru TNT Tony Everything is great and on time. The budget is signed and in today’s Gazette...It IS in the Gazette. Even an Iraqi official we talk to says HE has to wait for a couple of hours. But it is there, officially, in the Gazette... and we should hear about it tomorrow. We have been hearing rumors that the dinar will come out at the approved rate ($3+) and stabilize for a while. We hear rumors the dong will come out at 8 cents...So far as I know, it’s $1.05 for the rupiah and 11 cents on the zim. It’s a three-day weekend here, and I can’t see it going past that...
2-11-2015 Newshound Guru Adam Montana [Could the (supposed) impending return of Dr. Shabbi to the CBI have any effect on the timing of an announcement?] Dr. Shabbs has always had my respect as an intelligent and capable person - if that's what's going on, I'm sure there's a good reason. My main focus right now is on the HCL.
2-11-2015 Newshound Guru Aggiedad77 Article: "Kurdish delegation led by Barzani's visit to Baghdad on Sunday" Kurdish delegation led by PM Barzani will be in Baghdad on Sunday to discuss a misunderstanding over how much oil Erbil is capable of exporting...hopeful they can walk away with a bow tied over the whole oil deal.
2-11-2015 Intel/Newshound Guru tman23 The UN lifted Chapter 7...Iraq became SOVEREIGN...In other words; supreme, absolute, unlimited, unrestricted, boundless, ultimate, total, unconditional, full; principal, chief, dominant, predominant, ruling; ...Iraq can raise their currency value to whatever they want...but for it to be recognized at "whatever" value other countries have to be willing to accept it.
2-11-2015 Newshound Guru sczin11 THEY CERTAINLY DON'T WANT TO UNDERVALUE THEIR CURRENCY, WHICH COULD LEAD TO FOREIGN SKEPTICISM, OR BASICALLY NON-BELIEF, THAT IRAQ IS BACK ON THE GLOABL MARKET! THEY MUST INSTILL FAITH, CONFIDENCE... AND REMEMBER THE OLD ADDAGE... "LEADERSHIP STARTS AT THE TOP".
2-11-2015 Newshound Guru Mailman17 ECONOMIC REFORM IS WHAT WE SEEK...THE MOVE TO A MARKET ECONOMY. BUT THAT REQUIRES FUNDING. THAT FUNDING IS IN THE BUDGET. TO HAVE ECONOMIC REFORM REQUIRES A TRADEABLE CURRENCY, A RECOGNIZED CURRENCY AND FINALLY A STRONG CURRENCY ACCEPTED BY ALL NATIONS. THAT IS WHY IRAQ MUST COME OUT ON PAR. THIS EFFECTS NOT ONLY IRAQS FUTURE BUT ALL NATIONS AS THEY DEPEND ON THE STRENGTH OF THE DINAR FOR THEIR OWN CURRENCY. WHEN ABADI STARTS THE REFORM, LOOK FOR A RATE RIGHT THEN OR SHORTLY AFTER. JMO.
2-11-2015 Intel Guru TerryK A LITTLE BIRD TOLD ME LATE LATE LAST NIGHT THAT THURSDAY THE 12TH IS THE DAY OF THE BLESSING AND THE RATE IS WHAT IT IS. NO ONE REALLY KNOWS BUT HEARING THAT KUWAIT IS GOING TO BE IN THE FIRST BASKET WITH A RV RATE...YES THEY ARE OR GOING TO BE INCREASING THEIR VALUE SO THAT GIVES IRAQ A RI / RV OPPORTUNITY. AS SOON AS KUWAIT NUMBERS ARE POSTED IRAQ CAN RV THE CURRENCY AFTER THE RI. IRAQ KUWAIT WILL COME OUT IN SAME BASKET. WHAT I'M SAYING IS THIS...WE MAY SEE A RI RATE OF 3.56 WHAT I'M HEARING BUT AS SOON AS THE KUWAIT RATE IS POSTED IRAQ CAN CHANGE AND MAY THAT FAST. IN FACT YOU MAY NOT EVEN SEE IT HAPPEN AS IT MAYBE DONE BEFORE IT HITS MAINSTREAM. THAT'S WHAT I WAS TOLD LATE LATE LAST NIGHT.
2-11-2015 Newshound Guru Backdoc WE HAVE SEEN BANKING REFORMS, GOVT. CONTROLLED COMPANIES BECOME PRIVATIZED. WE HAVE SEEN INFRASTRUCTURE LOANS SIMILAR TO IRAQ FROM THE WORLD BANK! WE HAVE SEEN THEM ADMIT SIMILAR GOLD HOLDINGS TO IRAQ UNTIL RECENTLY WHEN IRAQ BOUGHT MORE. WE ALSO KNOW OF MASSIVE RESERVES OF GOLD, OIL, AND GAS ON TOP OF THEIR INCREDIBLE FOOD PRODUCTION AND MANUFACTURING! WE HAVE SEEN SUCCESSFUL BOND SALES! WE HAVE SEE TRADING PARTNERSHIPS WITH EMPIRE COUNTRIES WHICH WILL CREATE DEMAND FOR THE DONG CURRENCY! THIS INCREASED CURRENCY VELOCITY WILL NATURALLY INCREASE DEMAND FOR IT. I STILL THINK THIS IS A GOOD TRADE TO HOLD. I DON’T THINK YOU WILL BE A DING DONG WHEN IT TAKES A REALISTIC VALUE, WHENEVER THAT HAPPENS! [post 2 of 2]
2-11-2015 Newshound Guru Backdoc A NOTE HERE ON THE DONG. IF VNM WAS ABLE TO REDUCE ITS’ MONEY SUPPLY WE COULD SEE A SHOCKING SURPRISE TO THE UPSIDE ON THAT TRADE! IF THEY DIDN’T WE WILL LIKELY SEE THE STRATEGY THAT WE ALL HEAR ABOUT OF COMING OUT AT POSSIBLY .03 TO .05 AND GRADUALLY RISE! I FOR ONE WOULDN’T BE SURPRISED IF WE SEE A SURPRISE RATE SINCE WE HAVE SEEN SO MANY PARALLELS TO THE DINAR! THE REAL QUESTION FOR ME IS WHEN? DO THE CENTRAL BANKERS WANT TO PREVENT DOUBLE DIPPING? TIME WILL TELL. [post 1 of 2....stay tuned]
2-11-2015 Intel/Newshound Guru tman23 The Kurd region has not received money from Baghdad...There has not been threats or any outspoken words from those that matter...Barzani (PM) and ministers will be in Baghdad this coming Sunday...Do not expect anything tomorrow...Barzani going to Baghdad on Sunday, ...Very Big Day!
2-11-2015 Newshound Guru Adam Montana Unfortunately, the HCL wasn't passed ...so we're still here talking about it. Now let's talk about some GOOD stuff! "New CBI announcement 02/11/2015: To/banks authorized to exercise all banking -financial companies approved the conversion of all- all licensed exchange companies (sale and purchase of foreign currency instructions) 02/11/2015." That sounds to me like the CBI is preparing to open the doors and do some business! A little food for thought... does this announcement by the CBI have anything to do with the ISX jumping like it did? Do people in the know, know things we don't know? I guess we will see! [post 2 of 2]
2-11-2015 Newshound Guru Adam Montana After a crazy rush of excitement early this year, we seem to have stalled out a little... but I'm not worried. The positives are pretty plain to see - Budget approved amazingly fast, as opposed to last year when they NEVER passed one! If this had happened at any time in the last 12 years, we would have been seeing contrary statements from the "other side", but we are seeing less and less of an "other side"... they are truly working together and moving the ship forward. Abadi just continues to impress me! The next step is to publish the Budget in the Gazette, and that should happen any day now as it's been announced that the President has signed off on it. [post 1 of 2....stay tuned]
2-11-2015 Intel/Newshound Guru Backdoc WITH TEAM ABADI ANNOUNCING THE LAUNCH OF THE MARKET ECONOMY ON THURSDAY THE 12TH, THE COUNTDOWN CLOCK WILL BE RUNNING AND THE RACE TO BECOMING THE LONELIEST CURRENCY [#1] IN THE WORLD WILL BEGIN! WITH ALL THE CONTRACTS SIGNED SEALED AND DELIVERED FROM HUNDREDS OF COMPANIES AROUND THE GLOBE IRAQ IS SCREAMING TO LAUNCH!! ALL CONTRACTS HAVE TIME COMMITMENTS...THIS PUTS TIME IN OUR FAVOR! WITH THE BUDGET LAW NOW PASSED AND FUNDED, THE CLOCK JUST STARTED TICKING! THEY ARE NOW UNDER TIME PRESSURES! THEY WILL NOW PASS MULTIPLE LAWS IN “ONE BASKET” AS THEY HAVE STATED IN THE PAST! [post 2 of 2]
2-11-2015 Intel/Newshound Guru Backdoc ...IRAQ HAS MADE COMMENTS LIKE THEY HAVE ENOUGH RESERVES TO BACK THEIR CURRENCY BY 1.5 TIMES! OTHER COMMENTS LIKE THEY CAN BACK A CURRENCY WITHOUT A CEILING! THOSE ARE MORE THAN CONFIDENT STATEMENTS! DO THOSE COMMENTS COINCIDE WITH A .10 CURRENCY THAT WILL GO UP GRADUAL OVER TIME WITH A CURRENCY THAT HAS BEEN OBLITERATED IN THE PUBLIC FLOAT? NOT!! [post 1 of 2....stay tuned]
2-11-2015 Newshound Guru Mailman17 THEIR BUDGET BEING PASSED IS YES, VERY IMPORTANT. BUT THE LAWS NEEDED FOR THEM TO ENTER INTO THE WORLD ECONOMY ARE MORE IMPORTANT AND THEY WILL BE SEEN MOMENTITO. WE KNOW THEY HAVE BEEN IN PARLIAMENT IN SESSION READING AND VOTING...BUT THOSE ARTICLES ARE SCARCE AS FAR AS PROGRESS. BUT WE ALSO KNOW THINGS OF THIS NATURE THAT ARE NEEDED FOR THEM TO BE RECOGNIZED WILL NOT PRODUCE FANFARE IN THE MEDIA UNTIL IRAQ LETS IT. LOOK FOR THE LAWS TO COME OUT ALL AT ONCE...IN A BASKET. THEN IT WILL BE PARTY TIME AS THEY WILL HAVE NO CHOICE BUT TO ADJUST THEIR RATE TO ACCEPT OUTSIDE INVESTMENT AND PURCHASING POWER FOR THEIR PEOPLE...AND REMEMBER THAT THIS IS SO HUGE IN THAT THEM ANNOUNCING IT AHEAD OF TIME IS NOT AN OPTION...THIS WILL COME OVERNIGHT...BAM..JMO.
2-11-2015 Newshound Guru Millionday LETS...SUMMARIZE THIS -- THEY ARE GOING TO VOTE ON THE LAWS THIS WEEK ...FIVE LAWS -- NATIONAL GUARD -- SOME ECONOMIC -- ACCOUNTABILITY -- AMNESTY -- AND THEY HAVE A COUPLE TO READ AGAIN DUE TO CHANGES AND SOME JUST TO VOTE. THE CUSTOMS AND TARIFF WILL BE ACTIVE AFTER THE BUDGET IS PRINTED IN THE GAZETTE SO THAT THEY ARE FULLY COMPLIANT WITH THE WTO AND ITS ACTIVE MEMBERSHIP QUALIFICATIONS FOR IRAQ --- WTO ...TOMORROW THE GOV PROGRAMS WILL BE IMPLEMENTED. [do they not need funding if they are being implemented?] THEY WILL BE FUNDED -- THEY ARE VERY RICH AND HAVE A BUDGET -- IT IS BEING PRINTED IN THE GAZETTE. [post 3 of 3] [See the list of possible "to do's" on the left in the Dinar Guru Resource Bar]
2-11-2015 Newshound Guru Millionday [Can there be currency reform without a genuine unification of the government? Specifically the National Guard Law, the Justice and Accountability Law, the De-Baathification Law and Amnesty Law? Are these issues intimately linked with a currency reform or not?] THAT IS THE COMPLETE LIST OF THE PARLIAMENT AGENDA. [...those are on the parliament agenda for Thursday?] TUESDAY WAS FIRST READING AND TO BE VOTED IN BY THURSDAY. [post 2 of 3....stay tuned]
2-11-2015 Newshound Guru Millionday [When you said you have the date and then posted the article saying Thursday...what that mean? Date for what? RV?] ABADI ANNOUNCED THAT THIS WEEK HE WOULD BEGIN THE STRATEGIC MECHANISMS OF THE GOV FOR THE ECONOMIC ADVANCEMENTS/ REFORMS AND CBI STATED THAT THEY HAVE FUNDED THE DEVELOPMENT BANK AND CAN FUND THE GLOBAL SMART CARDS DISTRIBUTION -- THAT REPORT GAVE A DAY WHEN ABADI IS GOING TO BEGIN ON THURSDAY SPECIFICALLY -- ALSO A REPORT CAME OUT STATING THAT THE MOST IMPORTANT STEP OF THE MECHANISMS TO BEGIN WITH IS THE RETURN OF THE MONETARY POLICY BACK TO NORMAL -- AND THE SET PURCHASING POWER AND PRICING INDEX DUE TO THE GLOBAL CALCULATIONS -- SO WE ARE ALL EXCITED DUE TO THAT ALL TOGETHER. [post 1 of 3....say tuned]
2-11-2015 Intel/Newshound Guru Poppy3 budget of 2013 was never published in the gazette and never implemented after approved because Maliki caused mass disruption on the borders of kurdistan...and he also released 1500 prisoners to create more disruption. THIS IS A NEW DAY AND NEW LEADERSHIP IN EVERY DIRECTION IN IRAQ. I EXPECT TO SEE CONTINUED PUSH TO COMPLETE THEIR ECONOMIC REFORM AND THEY SAID SEVERAL TIMES ISIS, DAASH ETC WILL NOT STOP FINANCIAL REFORM.
2-11-2015 Newshound Guru Kaperoni Article quote: "Parliamentary Finance Committee confirmed on Monday, that the customs tariff law takes effect will be applied to the material covered in the near future." I think we pretty much know that they plan to implement tariffs starting March 1 or about. 2-10-2015 Intel Guru SteveI So far, based on all of the laws that have been passed and the upcoming discussion with the banks about the new notes, I believe without reasonable doubt that this is our month. I and many of my very close friends (contacts, sources, etc.) believe we are finally at the end of this journey. So, yes I believe this is without a doubt our month. I will not give you the name of a bank I deal with, but they are 100% ready and within hours will cash you in. This is as real as it gets. [are you saying the bank is aware of the impending RV?] Yes, they have been for a few months now. This is a fact...So far...I have never predicted a date, but gave a rate of $3.22 and that was due to the contracts we have in Iraq back in November of last year. I still will predict a rate of $3.20 based on facts and 100% reliable sources.
2-10-2015 Newshound Guru sczin11 I CAN NOT FATHOM HOW THEY CAN IMPLEMENT THEIR BUDGET WITHOUT A TRUE VALUE...TOO MUCH AT STAKE...BUT, AS ALWAYS, I COULD BE WRONG AGAIN. THE BUDGET, IF I UNDERSTAND ALL THE READING I HAVE DONE, WILL BE FUNDED MONTH BY MONTH, BASED ON PRIOR MONTHS REVENUES... THERE WILL BE SO MUCH MONEY THEY WILL FILL THEIR PILLOWS WITH THE PINKBACKS:) WITH ALL THE LOANS AND REPURCHASING OF BONDS, THEY WILL NOT HAVE A LIQUIDITY ISSUE WHATSOEVER...IMHO, THE KEY IS NOT THE NUMBERS, IT IS THE NEED TO BE USING A TRUE VALUE IN THEIR GLOBAL TRANSACTIONS.
2-10-2015 Intel/Newshound Guru tman23 The Budget will post in the Gazette tomorrow (2nd Wednesday of the month)...They are timing their events...As media news releases Masoum signing the budget today.
2-10-2015 Intel/Newshound Guru Poppy3 [BUDGET] SIGNED AT 7:30AM CENTRAL TIME TODAY. WE WILL SEE AND HEAR MORE MOVEMENT EVERYDAY THE REST OF THIS WEEK TILL OVER AND RATE ANNOUNCEMENT IS MADE.
2-10-2015 Newshound Guru Tlar The CBI under Shabibi mentioned a few times that one of his goals was for the dinar to be part of a foreign currency reserve in countries and it is my belief that this is what will happen as part of the plan. These dinars not circulating in Iraq, yours, mine and the central banks dinars, will remain not circulating and they do not have to be backed by Iraq's reserves. I am absolutely sure that only circulating dinars are what we need to be watching.
2-10-2015 Intel Guru TNT Tony Breaking News President ratifies Budget Law should be in Gazzette Wed.
2-10-2015 Intel Guru Angelquest Article quote: "President of the Republic Dr. Fuad Masum approved on Tuesday morning, the Federal Budget Law for 2015. A source in the Iraqi presidency office told PUKmedia that President Masum approved today, the federal budget law for the year 2015, noting that the law will be published in the Official Gazette of Iraq (Alwaqai Aliraqiya). For his part, Supervisor of the Finance Committee in the Council of Representatives, Ahmed Rashid in a statement to PUKmedia said that following the president's ratification of the law, the Ministry of Finance will issue instructions to implement the law. PUKmedia." STRAIGHT FROM THE HORSES MOUTH...HE DID RATIFY BY SIGNING AND THE HOUSE WILL IMPLEMENT THE LAWS...[I'm thinking then the LAW and the budget are one and the same. Just different words.] BINGO. THEY WILL IMPLEMENT THE MONETARY LAW.
2-10-2015 Intel Guru EXOGEN Article quote: "...confirmed the Presidency of the Republic, on Tuesday, President Fuad Masum has approved the budget Alathadsh Act of 2015." Infallible approve the draft budget for 2015.
2-10-2015 Newshound Guru Aggiedad77 Well, well, well....the media has released the info about the budget that President Masum has signed it...wooohooo...
2-10-2015 Newshound Guru Mailman17 IMO...THE IMF HAS BEEN RIGHT ALONGSIDE IRAQ IN THIS VENTURE SINCE 2003. THAT HAS BEEN THE PLAN SINCE DAY 1. NOW WE ARE AT THE END..LET IT PLAY OUT. THE NEWS IS OUTSTANDING...FOLLOW IT TO THE END OF THIS RIDE. YOU WILL NOT BE DISAPPOINTED. IRAQ IS READY TO JOIN THE GLOBE AS THE MOST POWERFUL ECONOMIC COUNTRY IN THE M.E. 10 CENTS IS NOT AN OPTION AND NEITHER IS A FLOAT. THAT WAS NEVER EVER SAID BY ANYONE PERTAINING TO THIS INVESTMENT IN OR OUTSIDE IRAQ. [post 3 of 3]
2-10-2015 Newshound Guru Mailman17 EVERY SINGLE DINAR THAT WE HOLD ALONG WITH GOVTS ARE ACCOUNTED FOR AND IRAQ WILL NOT WORRY ABOUT EXCHANGE OF SAID DINAR. THE DINAR HAS AND ALWAYS WAS PEGGED TO BE THE CURRENCY OF CHOICE FOR ANY GOVT INVOLVED AS THEIR RESERVE TO BACK THEIR OWN CURRENCY HENCE WIPED OFFED IRAQS LEDGER. AS THE DINAR GROWS STRONGER SO DOES FOREIGN CURRENCY ASSETS OF COUNTRIES...HENCE BACKING THEIR OWN CURRENCY IN THE WORLD. [post 2 of 3....stay tuned]
2-10-2015 Newshound Guru Mailman17 WHY SOME ARE STUCK ON AN M2 THAT IS AS QUESTIONABLE AS THE 2 SETS OF BOOKS THEY WERE CAUGHT WITH YEARS AGO REGARDING THEIR ACTUAL FINANCES IS BEYOND ME. I HAVE NEVER SEEN ANYONE FROM IRAQ LET ALONE THE CBI STATE WHETHER IN AN ARTICLE OR STATEMENT THAT THEY INTEND TO FLOAT FROM 1166. WHAT I HAVE SEEN IS REPEATED STATEMENTS FROM NOT ONLY SHABS BUT SALEH THAT THE GOAL...REPEAT GOAL OF THE CBI WHEN THE TIME WAS RIGHT TO MOVE TO A MARKET ECONOMY WAS TO HAVE THE DINAR READY TO BE ON PAR WITH THE DOLLAR. ON PAR MEANS EQUAL. PERIOD. THE M2 HAS BEEN MANAGED TO MEET THAT GOAL. THE CURRENCY WITHIN IRAQ IS THE ONLY THING THAT HAS EVER PERTAINED TO THAT GOAL BEING MET. [post 1 of 3....stay tuned]
2-10-2015 Newshound Guru Millionday "there is a new economic strategies, especially the private sector strategy which will launch two days later, and these strategies constitute the starting point for turning the economy of Iraq to the world economy," WE SEE TWO DAYS AFTER THE NEW ECONOMIC STRATEGIES ARE APPLIED THEY ARE PLANNING TO MOVE TO THE ECONOMIC REFORM -- THIS IS THE TRANSFORMATION FOR THE ECONOMY WE HAVE BEEN WAITING ON -- MOVING TO THE WORLD MARKETS REQUIRES INTERNATIONAL RECOGNITION...
2-10-2015 Intel Guru Jester THIS IS NOT GOING TO GO DOWN LIKE ALL...ARE TELLING YOU... IS GOING TO TAKE SOME TIME TO GET EVERYTHING WORKED THROUGH...YOU THINK IT IS JUST GOING TO SHOW UP ON THE BANK SCREEN AND YOU WILL CASH OUT... I CAN NEARLY GUARANTEE YOU THAT IS NOT THE CASE. IT IS COMING... NOT TO WORRY... BUT IT IS NOT GOING TO GO THE WAY EVERYONE THINKS... MONEY IS READY... THE ONLY THING YOU NEED TO KNOW IS THERE IS MONEY TO PAY YOU.
2-10-2015 Newshound Guru Kaperoni [Adabi is to have a special announcement this week.] Since no laws are passed...the CBI is out of compliance and still fighting with various groups over monetary policy, this announcement will be nothing more than an overview or outline of whats to come. I do not expect anything significant.
2-10-2015 Intel/Newshound Guru Poppy3 I HAVE NEVER SEEN ONE WORD OF LOW RATE OR FLOAT FROM A LOW RATE FROM ONE PERSON THAT HAS ANY RESPONSIBLE POSITION THAT DEALS WITH SETTING A RATE. NEITHER HAS ANYONE POSTING ANYTHING OFFICIAL ABOUT IT. I HAVE HOWEVER HEARD PEEPS STATE MANY TIMES IT WILL BE THE HIGHEST RATE IN THE MIDDLE EAST. WELL I DON'T HAVE A DOUBT IN THE WORLD ABOUT MY INVESTMENT...AND I STAND WITH THE OFFICIALS STATEMENT AT THE CBI, IMF MORE THAN ANYONE'S OPINION. ...UNTIL WE SEE THE RATE OR WE SEE SOMEONE OFFICIAL WITH THOSE TWO AGENCIES I KNOW MY INVESTMENT WILL RETURN IN THE $3.00 PLUS RANGE. BRING ME BLACK AND WHITE OR LIVE VIDEO UNTIL THEN I STAND WITH THE CBI'S OWN STATEMENTS.
2-10-2015 Newshound Guru sczin11 IF THE CBI COMES OUT WITH A LOWER RATE THEN THE INTERNATIONAL MARKET WARRANTS AND DEMANDS, WHAT KIND OF CONFIDENCE DOES THAT SHOW THE WORLD? NEXT, IF THE RATE CAME OUT LOW, HOW LONG WOULD IT TAKE THE MARKET TO ADJUST TO THE TRUE VALUE...BEFORE YOU COULD GET TO THE BANK, THE RATE WILL HAVE CHANGED... ONCE THEY RELEASE THE "NEW RATE", AT WHATEVER LEVEL THAT IS, IT IMMEDIATELY BEGINS TRADING ON THE FOREX CURRENCY EXCHANGE... AND AS OF A FEW DAYS AGO, PRIME MINISTER ABADI HAS CLEARLY STATED TO THE WORLD, FROM GERMANY, "IRAQ IS OPEN FOR BUSINESS". [post 2 of 2]
2-10-2015 Newshound Guru sczin11 ...BASED ON ALL THE REPORTS, RELEASES, AND ANNOUNCEMENTS, WE ARE LED TO BELIEVE THAT THE IRAQI DINAR, SHOULD BE SUPPORTED WITH EASE, BY THE CENTRAL BANK OF IRAQ, ( CBI ), AND FURTHER REPORTS INDICATE THE VALUE OF THE CURRENCY SHOULD BE ONE OF THE STRONGEST, IF NOT THE MOST POWERFUL CURRENCY IN THE WORLD! THE COST OF EXCHANGING THE OLD DINAR, ( WHAT WE OWN) WITH THE NEW VALUE PAIRED TO WHATEVER CURRENCY OR COMMODITY THEY CHOOSE, IS ONE OF SIGNIFICANT LEVELS...IT WOULD POSSIBLY BEHOOVE THE CBI TO PAY AS LITTLE AS POSSIBLE, THUS COMING UP WITH A LOWER INITIAL EXCHANGE RATE...CORRECT? I SAY NOT! [post 1 of 2....stay tuned]
2-9-2015 Intel Guru TNT Tony [via Adept1] Meetings are done, laws are passed, the budget has been signed off but not made public although they intend to do that shortly...Abadi already told people the economic reforms will go into effect on the12th. Iraq is being told the Qi cards will soon be usable internationally. That was on today’s television with someone from the finance ministry. Even though it didn’t happen over the weekend, the fact that Abadi is talking about it means that it is happening now, not in April or next year. I know that every time we get this close, something else seems to come up, but it really feels like we are just that close. They can activate this at any moment they want to from now on
2-9-2015 Intel Guru DC [via Adept1] Iraq got up to the plate on Friday, then decided they weren’t quite ready with a few things they would like lined up, such as banking laws. They said they needed another few days and the US agreed. They’ll have more meetings and if they are done, this will go through...it’s just the latest delay, and everyone is focused on getting this cleared and done. On Iraqi television they say the completed economic reforms will be done on the 12th which is this Thursday and the Budget as well. There is one report on the Budget being done before then...Let’s see how the meeting goes tonight; if it goes well, this could be as early as tomorrow.
2-9-2015 Newshound/Intel Guru EAGLE 1 IMF WILL BE MAKING A STATEMENT AT UNDISCLOSED LOCATION/TIME...IN REGARDS TO IRAQ AND THEIR CURRENCY. IN THE NEXT 24-36 HRS.
2-9-2015 Newshound Guru Tlar [come payoff time, doesn't Iraq have to honor all the dinars out there, circulating or not. Whoever comes to the bank with dinar is gonna want real money, or am I just flat wrong about that assumption?] Quite simply the answer to your question is no. They only have to cover circulating currency.
2-9-2015 Newshound Guru Millionday [has the budget even been signed yet or reached the president?] THE BUDGET WAS IN ARAMAIC AND HAD THE IMPRINT OF THE PRESIDENT ON THE DOCUMENT BUT NOW THEY ARE HAVING A DISAGREEMENT ABOUT THE PLANS OF CBI AND HOW IT IS WRITTEN SO -- NOT PRINTED IN GAZETTE YET OR SIGNED IT LOOKS LIKE BUT THEN AGAIN THE MEDIA IS CONTRADICTING ONE ANOTHER IN MANY THINGS AT THIS POINT. [Whats the latest on the HCL?] THEY HAVE IT ON THE AGENDA FOR TOMORROW TO COMPLETE WHAT HAS NOT BEEN ADDRESSED AND AGREED FOR FIRST READ.
2-9-2015 Intel Guru MarkZ We are seeing the signs and movement all around us of the impending global currency change but yet it is still not here. Could the reset occur this week? Absolutely! Could it drag weeks longer? Possibly. The truth is that nothing stalled it, the trigger will not be pulled until it is deemed relatively safe to do so.
2-9-2015 Newshound Guru Kaperoni Article: "Approve the recommendation on the application of the customs tariff law on imported goods" WOW! Looks like tariffs are in effect in a few short weeks.
2-9-2015 Intel Guru EXOGEN BUDGET BEING RATIFIED IN JUST HOURS...Quote: "Baghdad Parliamentary Finance Committee revealed, on Monday, that the next few hours will witness the Presidency of the Republic's ratification of the general budget for the year 2015..."
2-9-2015 Intel/Newshound Guru tman23 Has Abadi, Jabouri, or an official of importance come out and said anything negative that the Budget is not geeting done or is being held up...NO...Abadi said that he will launch the economy on February 12...ITS DONE!! The Budget is done... [so, is there any significance to the budget relative to our liquidity event?] I believe so this time around... when we witness contract cuts from 450 billion to 135 billion and then see this as a pattern... it appears that the 3 zeros will begin lifted when the budget opens along with a rate... how they do it is another question all together.
2-9-2015 Intel Guru Mnt Goat Al-Abadi along with the CBI have to make a decision soon on when to RV this currency. I believe this decision has already been made weeks ago and we are now in the final countdown window now that the budget is truly done and the government is fully formed. Can Iraq be fully positioned with all these new laws in time to open and begin spending this 2015 budget? ...a new window of opportunity for an RV is staring us right in the face for this week – and more than ever before! It could not get any better! ...we are literally just waiting for the news of a hand full of new laws to get forwarded to parliament and then voted on by parliament. [post 2 of 2]
2-9-2015 Intel Guru Mnt Goat THEY CAN’T OPEN THE NEW BUDGET WITHOUT ALL THE NEW LAWS VOTED ON BY PARLIAMENT BUT THEY CAN’T SEND THEM TO PARLIAMENT WITH THE FEDERATION COUNCIL PARTICIPATING IN THE REVIEW PROCESS. SINCE THE FEDERATION COUNCIL WAS NOT YET READY WE HAD TO WAIT. SO THIS IS THE SECRET TO UNLOCKING WHY WE ARE WAITING SO LONG TO SEE THE IMPLEMENTATION OF ALL THESE NEW LAWS. Could we be in for a VERY LONG wait for all these new laws, including the 2015 Budget bill, to reviewed by the Federation Council? Absolutely Not! At least this is what I am told by the GOI. They will be racing the clock since I believe the deadline for this voting completion is Feb 12th... that is the deadline for the president to ratify the 2015 Budget Bill and the budget needs these laws in order to support and make legal the allocations contained within it. [post 1 of 2....stay tuned]
2-9-2015 Newshound/Intel Guru BGG I really like where we are at right now - the best (based on real info) position we ever have been.
2-9-2015 Newshound Guru sczin11 IF IT IS NOT GOOD OUT THERE, I DONT KNOW WHEN IT EVER WILL BE...THERE IS SO MUCH HAPPENING, AND THE ONLY THING THAT IS NOT IN THE RACE IS THE DELIVERY OF THE BUDGET... QUITE FRANKLY, I THINK THAT IS JUST PART OF THE SHOW...NON RECEIPT, MEANS NO 15 DAY COUNTDOWN, THEREBY GIVING THE PTB IN IRAQ THE LEEWAY TO PROCEED WITH THE PLAN, AND NOT BE HELD DOWN BY SILLY DEADLINES, AS WE KNOW THE BUDGET IS DONE, AND HAS BEEN FOR A VERY LONG TIME... WHAT MORE NEEDS TO BE SAID... YES, WE WOULD LIKE A DATE... WHO REALLY CARES IN THE LONG RUN... THE KEY IS WE KNOW IT IS HAPPENING, AND HAPPENING NOW IT APPEARS...
2-9-2015 Newshound Guru Tlar In June of 2008, that number was 1.13 to 1 as determined by experts that did a strategic study. By the end of 2009 Forexes started to show the dinar at $1.49 until Shabibi stopped it and reversed it. That means by the end of 2009 the dinar had increased .36 based on the reserves and oil production increases. That was essentially deleting the 3 zeros but by 2009 it had grown. As the years have rolled by we see more oil production with a great future, we see an economy ready to open like a flower and less dinar circulating than in 2008. So please understand the name delete the zeros still applies. It means only that the 3 zeros will be gone. That is the term they are still using today. But IMO it only means that from .86 up it is descriptive of the program, but does not give us any indication of the new rate. Anything above .86, the term deleting the zeros still applies. So at $3 + the zeros are still deleted so the description of deleting the zeros tells us very little about the potential for the rate. Hang in folks this is getting exciting and IMO is almost over. [post 2 of 2]
2-9-2015 Newshound Guru Tlar We know they have not published nor have they opened the budget. So every number we see until then, will be stated in today's value (1166). We also know that the ATM's are being readied for operation...We also know that the government and all involved ministries have been meeting with the CBI and the CBI appears to be making all the proper moves coordinating with the independent banks to modernize both their systems and the functionality. Both government banks are being privatized and restructured again. Interesting timing? ...Iraq...admitted that they can back all the dinar ever let out 1.5 times, even the dinar you and I hold which is not circulating, by itself is amazing. I think they are not telling the whole truth on their numbers, neither the reserves nor the circulating currency. Their are many smart people in dinarland. If they ever did disclose these figures, many would be able to calculate a possible RV number. [post 1 of 2....stay tuned]
2-9-2015 Newshound Guru My Ladies Article quote: "...Rafidain Bank, on Sunday that the Arab countries will be the first stop for the beneficiaries of the smart card, stressing that the use of the card will be very soon." WELL WHEN EVER IRAQ SAYS VERY SOON THAT IS GOOD NEWS. THEY...SAID THEY ARE ACTIVATING THE QI CARDS INTERNATIONALLY AND THERE ARE PEOPLE FROM THE RAFIDAIN BANK READY TO TURN ON THE SOFTWARE TO ALLOW THE CARDS TO BE INTERNATIONAL….THEY ARE SO READY. THEY DID A TRIAL 2 WEEKS BACK WITH MASTER CARD AND I GUESS IT WAS A SUCCESS BECAUSE THEY ARE NOW GOING TO TRY THE QI CARDS IN THE NEIGHBORING ARAB STATES…WOW…GREAT GREAT NEWS.
2-9-2015 Newshound Guru American Contractor The Iraqi Parliament is continuing with their economic conference meetings in Baghdad. What you are going to see is the private banking institutions and the Iraqi government working together to facilitate government projects. The Iraqi government will remove the restrictions it had imposed on the private banks. The Private Banking had restrictions due to lack of capital and unable to fund multi-million dollar projects. Since that time the banks have raised their capital to the Central Bank requirements and now, are able to compete with the two state banks for government projects. Not all private banks have met the capital requirements, and they will not be able to participate in this program. The Central Bank has announced that this is not the time to delete the zeros from the Iraq currency, stating that lack of security and economic stability in the country. The State-owned Rafidain Bank has announced the first ever smart card used by Iraqi citizens who are living abroad and are collecting pensions and or subsidies. The Central Bank reserves have decreased, and this is another reason the CBI has limited the sales of the dollar into the market. The CBI is trying to protect the reserves.
2-9-2015 Newshound/Intel Guru BGG Article quote: "Approve the recommendation on the application of the customs tariff law on imported goods... that this decision is implemented, starting from Date of 03/01/2015." [Several...wondered about the effect of such and whether the event itself foreshadowed a rate change? and/or that the very existence of such a tax " required " a greater value to the dinar?] ...tarriffs without value are pretty meaningless...from a functional perspective.
2-9-2015 Newshound Guru Enorrste I agree 100% with KAP [Guru Kaperoni] on this one. There not only won't be an RV; there cannot be an RV. with 42 trillion dinars in circulation, an RV at only $1 per dinar would make the currency in circulation worth more than 80% of the country's currencies in the world, combined. It just is not possible to RV without first reducing the money supply. Furthermore, you cannot reduce the money supply unless you gradually raise the value of the dinar. It is a process that the CBI has stated will take up to 4 years.
2-9-2015 Newshound Guru Kaperoni The statement by Abadi the other day referring to 5 billion dinar and 440 million dollars was not referencing an exchange rate. He was simply stating an allocation of money..in other words..of the 5 billion, 440 million would be going towards..rebuilding. It is not appropriate nor his business to discuss monetary policy, exchange rates, etc. To many of you wear a RV hat looking for anything, any article, any video that you can interpret to confirm some kind of RV...I will say it again..there is no chance that an overnight RV can happen. None. Zero. [post 2 of 2]
2-9-2015 Newshound Guru Kaperoni ...there is no RV or RI. ...its going to be a gradual appreciation over several years. The IMF is a professional world class organization. They do not make things up. It is clear as day that the plan is to gradually raise the dinar as investment comes into Iraq. This is the only process that makes sense with all the other parts. Believe me...I would love to talk RV, RI or some other solution..but it is not happening. You cannot compare anything in Iraq to Kuwait. [post 1 of 2....stay tuned]
2-14-2015 Intel Guru TNT Tony Everything is still great! No bad news!
2-14-2015 Intel/Newshound Guru Poppy3 Article quote: "The MPs and the Ministers of the National Alliance withdrew from the parliament session of Saturday. MP, Abdul Karim Abtan, attributed the withdrawal to "The kidnap of the MP, Zaied al-Janabi, assassinating the chieftain of Janabi tribes and killing the MPs' guards." REMEMBER I SAID ALL WEEK TO DETAIN THINGS HAPPENING TODAY AND TOMORROW SOMETHING MAJOR WOULD HAVE TO HAPPEN AND THIS KIDNAPPING OF THE MAN AND HIS FAMILY ARE JUST THAT KIND OF ACT. KEEP IN MIND THE NEWS MEDIA THERE ARE VERY CONTROLLED. IT WILL TAKE TIME TO KNOW THE FACTS SO DONT JUMP TO CONCLUSIONS YET.
2-14-2015 Newshound Guru Aggiedad77 Article: "Keywords: important laws require further deliberation, the parliament is determined to approval" A member of the National Alliance states that the COM has worked hard to present laws to Parliament and Parliament in turn is working diligently to get these laws approved things like the oil and gas law, the law of parties....expect to see these laws showing up on Parliament's agenda in the coming timeframe to be read and then voted upon.
2-14-2015 Newshound Guru Millionday THE HOUSE HAS ORDERED AL-JABOURI TO ADDRESS ANY LAWS THAT HAVE BEEN DELAYED...HE HAS TO ADDRESS THEM THIS WEEK -- SO ANY LAWS THAT ARE NOT FINISHED OR ARE IN NEED OF A VOTE MUST BE COMPLETED THIS WEEK. MANY LAWS WE HAVE READ ABOUT MADE IT THROUGH THE SECOND READING AND THEN NO MORE WAS SAID ABOUT THEM...SO THEY ARE CALLING FOR ALL AT THE SAME TIME -- THIS WEEK-- THEY NEED TO BE VOTED ON AND FINISHED. THE GOV PROGRAMS AND AGREEMENTS NEED THESE LAWS TO BE COMPLETED SO THE TIMELINE TO HAVE THEM COMPLETE THIS WEEK IS OF COURSE VERY EXCITING...THIS INCLUDES THE HCL. THEY HAVE AROUND 90 LAWS THAT WILL BE ALL AT THE SAME TIME -- THEY MAY DO A MASSIVE PRINT IN THE GAZETTE TO BRING THEM TO LAW.
2-14-2015 Intel Guru TerryK I DON’T THINK TOMORROW EVEN THOUGH THAT’S THE GAZETTE NORMAL DAY TO PUBLISH. I THINK IT WILL ALL HAPPEN SUNDAY WHEN THE BANK OPENS NO BIG FAN FAIR. 3.56 is what im hearing for the ri rate then rv very soon after that OVER 8.16. WE ARE AT THE DOORSTEP OF LIFE CHANGING CRAP.
2-14-2015 Newshound Guru Aggiedad77 I believe "IF" the budget is seen on Sunday it will be 1166. "IF" we see 1166...they should be ready to release things. This should be short-lived IMO...otherwise Iraq as a country would implode due to what it owes. I'm thinking the real question here is "WILL" we see the budget Sunday. "WILL" the LAWS be ready is the other question that interests me. Currency shortages appear to tell a tale that our timing must be fairly short. Bottom line...something has to give...I think the budget will show at 1166.
2-14-2015 Intel Guru TNT Tony [via Adept1] The process calls for it to come out at 1166, then go to $3.91, and then it could go higher still. It could be [1166] for 20 seconds or 20 minutes, but you will soon see the rate go to $3.91. We know that HCL and signed agreements are already in place. We know they are supposed to pay Kurdistan tomorrow [Saturday]. Those have already been done and signed off. Everyone knows the time frame. We were given the information that it would be last Thursday or over the weekend. Everything has been approved and passed; in Iraq, they were just finalizing bank laws in-country and internationally. All that has been accomplished, so we wait for today, tomorrow, Sunday, Tuesday at the latest.
2-13-2014 Newshound/Intel Guru Arthur ...I have always maintained is that GOI + HCL = RV... And here we are at the doorstep of the final element of that historic and decisive equation. We have had several breakthroughs in the past few weeks with the HCL that resulted in the first historic step which was the HCA, and agreement in principal to all of the many moving parts of this agreement between the center and the region which has led us to the great place we are now in this process. Abadi and Barzani have been meeting to settle the few remaining technical issues such as SOMO and the fair amount to be exported by Kurdistan for their 17% and I am being told that, if all goes well, Sunday they will meet to formalize and sign the HCL for official implementation once and for all, an action which will give the green light to enact all economic related reform laws necessary to commence the long awaited revaluation of the Iraqi Dinar.
2-13-2015 Intel Guru DC [via Adept1] Iraq is very ready, they have prepared everything – they’re waiting for the public part of the Budget to be released, and if it doesn’t come out with the new rate, it will go up shortly afterwards. We are told it should go within a few hours after the publication, but they do have up to 72 hours after that if they choose to do that – ‘they’ meaning Abadi and Shabibi. ...the Budget IS in the Gazette. We know people there and it is in the Gazette. It will go public in the next day or so, but we just don’t know… could be as late as Tuesday. Abadi and Shabibi are working the phones to make sure everyone internationally is lined up and ready to go. They are talking to our President, LeGarde, the UST and Bank of England right now. The timelines have been agreed and they are abiding to them so far, and we hope that continues because it will make our lives very good really soon. Both Iraq and the US are making a strong attempt to get this done this weekend...
2-13-2015 Newshound Guru Millionday Article quote: "President Fuad Masum, on Thursday, with a member of the Committee on Energy and Oil parliamentary, Ibrahim Bahr al-Ulum, ways to accelerate the implementation of the oil agreement between Baghdad and Erbil." THEY HAVE MET ON THE OIL AGREEMENT WITH ERBIL -- I LIKE THEY NEED TO ACCELERATE IT. SO THEY ARE TRYING TO RUSH THE ACTIVATION -- GREAT NEWS -- THE ECONOMIC ASPECT OF THE AGREEMENT OBVIOUSLY IS NOT THE PROBLEM -- SO THIS IS POLITICS AS THEY SAY.
2-13-2015 Intel Guru TerryK [Barzani heading to Baghdad to meet w/ Abadi this weekend, final crossing of the T's and dotting the last I's.] I THINK YOUR SPOT ON WITH THAT. PARLIAMENT IS WORKING ON...LAWS...TODAY. THEY ARE FULL FORCE FORWARD. THEY HAVE BEEN TOLD GET ER DONE. [Do they think by the end of the weekend?] BY THE 18TH THEY ALL AGREE BASED ON LAW IN IRAQ AND ARTICLES POSTED THIS WEEK.
2-13-2015 Intel Guru Bulldog75 THESE ARE SOME OF THE BEST CONDITIONS WE HAVE SEEN IN A LONG TIME FOR IRAQ. THE MOST CRITICAL SITUATION HERE, RIGHT NOW, THIS VERY MOMENT, IS THE IRAQ BUDGET BEING OFFICIALLY RELEASED IN THE GAZETTE AND THE LOWER DEMONS ABOUT TO BE RELEASED FROM THE BANKS TO THE PUBLIC. REMEMBER, IRAQ CITIZENS ARE CURRENTLY USING THE US DOLLAR. IF EVERYTHING GOES AS PLANNED, THE USD WILL BE CALLED IN OVER THE WEEKEND AND THE LOWER DENOMS COME OUT IN EXCHANGE WITH A "RE-VALUE". THIS WILL NOT BE AN RI. MINIMUM RATES SHOULD BE 3.33 UP TO A MAXIMUM OF 11.11 DEPENDING WHO YOU ARE ; AND WHERE YOU ARE. THIS IS NOT A FIRE DRILL.
2-13-2015 Newshound Guru Aggiedad77 Article: "Kurdistan: Visit the region's delegation to Baghdad on Sunday" The Kurds continue to grow restless over the lack of salary payments from Baghdad and PM Barzani will lead a delegation to Baghdad on Sunday to discuss salary issues and any other remaining issues that pertain to the oil and gas agreement signed in December.
2-13-2015 Intel Guru Mnt Goat As we know president Masoum ratified the 2015 federal budget bill on Tuesday Feb 10 and we now wait for it to be posted in the gazette. But don’t be in such a hurry for this since there could be complications if this is done too quickly. Technically we DO NOT want the budget bill to be posted in the gazette without an increase in value to the Iraqi dinar first...if the budget gets posted in the gazette without some major financial changes/restructuring taking place, then Iraq can not meet its financial obligations as approved under this new budget to pay debtors. What I am hearing is simply that technical issues are holding up everything. These are not hard issues to fix and the GOI and the CBI want them fixed prior to moving forward. ...they are about to revalue the Iraqi dinar IQD and it MUST happen in the coming next few days ahead (not weeks). Do not be discouraged...we will see this RV very shortly.
2-13-2015 Intel/Newshound Guru Poppy3 I DON'T REALLY EXPECT A RATE BEFORE THE MEETING WITH BARZANI THIS SUNDAY BECAUSE THEY CAN'T PUBLISH THE FULL BUDGET TILL HE SIGNS OFF ON THE KURDISH PART OF THE BUDGET AGREEMENT. SUPPOSEDLY AT THAT POINT THEY CAN GIVE THE RATE AND PUBLISH. REMEMBER THE GAZETTE USUALLY PRINTS ON SATURDAY BUT THEY HAVE SAID SEVERAL TIMES THEY CAN PRINT A SPECIAL EDITION ANYTIME NEEDED. HANG TIGHT RICH FRIENDS IT ALL IS VERY PROMISING AT THIS POINT.
2-13-2015 Newshound Guru Millionday "Iraq has begun advancing steps forward to enhance its security and its economy, and that all political forces see in the political reforms the best solution, pointing to the presence of significant challenges will be to overcome the togetherness of everyone's efforts..." SO WE ARE NOW IN THE REFORM PROCESS. I HAVE AN ANNOUNCEMENT ABOUT THE ISX -- IRAQI STOCK MARKET AND WHAT CBI HAS STATED: "According to the announcement by the CBI, CBI Board of directors has taken decisions on its exceptional sessions no. 1519 on Jan. 25, 2015. According to the CBI’s Law No.(56) for the year 2004 (revised), CBI issued instructions to achieve the goals of the bank and the stability of the IQD exchange rate against foreign currency through the optimum use of the resources of foreign exchange resources..." THE DINAR RATE WAS IMPOSED AND NOW THEY ARE REFERRING TO CHANGES TAKING PLACE. The instructions will be applicable starting from Feb. 22, 2015. (Source: CBI)
2-13-2015 Intel/Newshound Guru Poppy3 MEETINGS OF FINANCE COMMITTEE'S IN BAGDAD WENT WAY INTO THE NIGHT TODAY [THURSDAY]. REPORTED THEY WHERE IN MEETING TILL AFTER 11 PM IRAQ TIME. NO WORD ON WHAT WAS DISCUSSED BUT SHOWS THEY ARE DETERMINED TO COMPLETE THEIR JOB. NO DELAYS AND NO STATUS QUO FROM HERE FORWARD. WE HAVE NO IDEA WHAT THE TRIGGER OF COMPLETION IS BUT KNOW THEY ARE WORKING TO GET TO THE CBI SATISFACTORY TRIGGER POINT.
2-13-2015 Newshound Guru Adam Montana [Could the (supposed) impending return of Dr. Shabbi to the CBI have any effect on the timing of an announcement?] Dr. Shabbs has always had my respect as an intelligent and capable person - if that's what's going on, I'm sure there's a good reason. My main focus right now is on the HCL.
2-12-2015 *** Dinar Guru NEWS FLASH *** Newshound and Intel Guru reports are coming in reporting the 2015 Iraqi Budget has been signed by President Masum! Next step is for the budget to be listed the Gazette (date unknown at this point). This could have far reaching repercussions on the dinar...stay tuned as this important story unfolds. If you are not on the official Dinar Guru Alert list now is a good time...as always it's free and is the easiest and best way to know when a major change happens with your dinar rate...click here now to join now [The latest guru updates will continue below.] 2-12-2015 Intel/Newshound Guru Poppy3 BUDGET SHOULD BE PUBLISHED SATURDAY. THAT IS THEIR REGULAR DISTRIBUTION DAY. THEN THE KURDS CAN GET PAID ON SUNDAY MEANING THE RATE HAS CHANGED. AT LEAST THATS HOW IT IS SUPPOSED TO WORK IF NOTHING GOES BAD BETWEEN NOW AND THEN. IF HE ANNOUNCED TODAY THAT ECONOMIC REFORM HAS STARTED THEN THE BUDGET IS POSTED AND IT HAS TO BE FUNDED FROM SOMEWHERE...
2-12-2015 Newshound Guru Millionday A MANAGED FLOAT MEANS THAT THE CURRENCY IS PUT ON THE MARKET ONLY ALLOWED TO MOVE 2% UP OR DOWN -- A FLOAT ALLOWS THE MARKET TO MOVE IT AS MUCH AS IT DOES BY SUPPLY AND DEMAND. THE REASON THAT MY OPINION IS THAT IT WILL BE A MANAGED FLOAT IS THAT THEY DID A BUSINESS TEST LAST YEAR WITH A "PROGRAM RATE" AND ONLY ALLOWED IT TO MOVE 2% TO TEST WHAT IT WOULD DO TO THE INFLATIONARY RATE -- SO I JUST GUESSED THAT IT MAY BE MANAGED BUT THEY COULD HAVE ALSO BEEN DOING THAT THEN TO SEE WHAT WORKS BEST TOO --- SO I DONT KNOW WHICH ONE.
2-12-2015 Intel Guru TerryK THE BUDGET IS NOT IN THE GAZETTE... [Do you think it will go deep into next week?] I DO NOT. [So are your sources pumped?] THEY ARE.
2-12-2015 Intel/Newshound Guru Poppy3 IT WAS REPORTED TO ME LAST NIGHT (UNCONFIRMED ) THAT THE HCL IS BEING POSTED SUNDAY AND IT IS ALL FINAL AND AGREED ON BUT BARZANI MUST SIGN IT AS ACCEPTED AND THEN IT CAN BE IMPLEMENTED IMMEDIATELY SO THE KURDS WILL START GETTING THEIR 17% OF THE NEW RATE.
2-12-2015 Newshound Guru sczin11 ...THE BUDGET IS NOT IN THE GAZETTE, YET, THAT WE KNOW OF...AND WHEN IT DOES GET THERE IT NEEDS TO BE FUNDED...THE LAW STATES SO...
2-12-2015 Intel Guru Mnt Goat Some say they will wait for March 1st to pull the trigger on the revaluation. Personally I do not see them waiting this long since we all know the legalities and the final process for funding the 2015 budget. So you see Al-Abadi along with the CBI have to make a decision soon on when to RV this currency. I believe this decision has already been made weeks ago and we are now in the final countdown window now that the budget is truly ratified and ready to be posted in the gazette. It is a process that must play out. We should hear news of this next event (gazette posting) today or tomorrow. Then Iraq must fully fund the budget within 24 hours (partly by a revaluation). ...there is NO WAY IN HELL Iraq is going to come out with a .10, .20, .30 or even a .40 cent rate. The value must be significant in the exchange process. Basic economic rules of supply and demand (and a little common sense) tells you they must come out with a higher rate than the USD currently has.
2-12-2015 Newshound/Intel Guru Bluedog ...THE UN IS IN IRAQ MEETING AND SITTING IN PARLIAMENT MEETINGS SO THE UN IS THERE TO GUIDE THIS LAST PROCESS TO INTERNATIONAL IMO.
2-12-2015 Newshound Guru sczin11 DO NOT BE DISAPPOINTED...MUCH WAS HOPED FROM ABADIS STATEMENT TODAY...HE IMPLIED IMPLEMENTATION IN HIS SPEECHES FROM DAVOS, AND MOST RECENTLY GERMANY...AT FIRST GLANCE, APPEARS TO BE SIMILAR RHETORIC TO WHAT WE SEE DAILY FROM ALL THE VARIOUS ECONOMISTS... THE BUDGET STILL NOT IN GAZETTE, THAT WE KNOW...THUS FUNDING THE BUDGET NOT IN PLAY, AS YET...WE WAIT FOR MORE DETAILS!! REMEMBER, NO MATTER WHAT YOU HEAR OUT "THERE", THE BUDGET IS NOT IN THE GAZETTE, YET! IF IT WERE THE CBI WOULD BE IN VIOLATION OF THE "LAW" AGAIN TODAY, WITH AUCTIONS OVER THE $75 MILLION NEW CAP.
2-12-2015 Newshound Guru Breitling The lowering of the note count and then introducing the lower notes and you and I getting value..that's three separate events. In other words if they lower the note count they don't have to introduce new notes for you and me to gain value in the dinar. Articles come out saying they aren't going to introduce new note for 5 years…so what! They've lowered the note count…they've added value to the overall country and those notes represent that country…it they lower the note count then more and more value is being added to the notes that are left on the table…it's very simple. If the value goes high enough they are going to have to introduce lower notes. They have a plan to retire notes but they have to add a lot of value to it first...
2-12-2015 Newshound Guru Chattels gold price still dropping 1,218.50 [awesome!!! right?] yes...according to my " pet theory ", that people in the know will dump their gold just before our liquidity event and re-invest at the low(er) price following the event.
2-12-2015 Newshound Guru My Ladies WE NEED TO SEE THE CURRENCY GO INTERNATIONAL FIRST THEN SEE THE GAZETTE. IF IT IS DONE THE OTHER WAY AROUND WE HAVE A SERIOUS PROBLEM. IF THE GAZETTE PUBLISHES AND THEY ARE NOT INTERNATIONAL THEN IRAQ HAS DEFIED BASIC ECONOMICS AND WE NEED TO SET IT ASIDE, BECAUSE THEY WILL NOT RE PRICE ANY TIME SOON. ...DON’T BE DISCOURAGED THAT WE ARE NOT SEEING IT IN THE GAZETTE...AS HARD AS IT IS TO BELIEVE THAT IS A GOOD SIGN. INTERNATIONAL CURRENCY IS NEEDED BEFORE THEY PRINT AND FUND THE BUDGET. [post 2 of 2]
2-12-2015 Newshound Guru My Ladies SOMEWHAT GOOD NEWS IS THE BUDGET IS NOT IN THE GAZETTE YET. SO WE JUST HAVE TO SEE WHAT HAPPENS. I AM STILL LOOKING TO THE GLOBE AND THE JOB THE DINAR WAS MEANT TO DO. IRAQ IS WAITING TOO. AND WHILE THEY WAIT THEY ARE GATHERING NEW BILLS AND OLD BROKEN LAWS AND MEETING IN PARLIAMENT A FEW HOURS EACH TIME AND DOING FIRST READINGS ON MANY THINGS AND SECOND READING ON SOME THINGS BUT NOTHING REALLY TO SPEAK OF IS GOING TO A VOTE. THEY ARE UNABLE TO VOTE IN SOMETHING THEY CAN NOT PAY FOR. [Post 1 of 2....stay tuned]
2-12-2015 Newshound Guru Adam Montana [Given all of the activity coming out of Iraq over the last 6-8 weeks, what are your current thoughts about the timing of an RV?] I try not to go into dates, but this has been THE most exciting time we have seen EVER! So... step 1, publish the budget. Step 2, HCL. Step 3, RV.
2-12-2015 Intel/Newshound Guru Poppy3 EXPECTING A RATE BY MONDAY EVENING AT THE LATEST UNLESS SOMETHING VERY DISRUPTIVE HAPPENS. TIME WILL TELL. THAT INFO FROM STREETS OF BAGDAD AND OFFICES IN WASHINGTON AND THESE ARE THEIR THOUGHTS AS TO WHERE IRAQ STANDS AS OF TODAY.
2-12-2015 Newshound Guru My Ladies EVERYTHING IS MOVING ALONG SLOWLY BUT STEADILY ON THE RIGHT TRACK. Abadi's Speech Quote: "Prime Minister Haider al-Abadi, on Thursday, an initiative to develop the private sector in Iraq, "stressing that" Iraq will emerge Aouky of economic and security Ozmteh but they need to be patient. " ...THE SPEECH FROM THIS MORNING...ABADI IS ADDRESSING THE ISSUES OF THE PRIVATE SECTOR AND FUTURE PLANS...ALL HE DID WAS GATHERED ALL THE THINGS THAT NEED TO BE DONE AND PUT THEM INTO ONE ADDRESS. HE SAYS THESE ARE ALL THINGS TO COME AND EVERYONE NEEDS TO BE PATIENT.
2-12-2015 Newshound Guru Millionday Article quote: "A government source said today, that the prime minister Haider al-Abadi, will announce on Thursday [private sector development strategy]..." ...THE PRIVATE SECTOR DEVELOPMENT PLANS/STRATEGY IS HUGE --- AND THAT SAYS TOMORROW [THURSDAY]. SO THIS GOES WITH MANY MANY OTHER THINGS FOR TOMORROW [THURSDAY]... THE PLAN WILL BE EXPLAINED AND TRANSPARENT. TOMORROW [THURSDAY] SHOULD BE THE BUDGET -- FIVE LAWS (INVESTMENT AND ECONOMIC) AND THE GOV PROGRAMS BEING ACTIVATED -- ALONG WITH THE MARKET ECONOMY STEPS PER LAW OF CONSTITUTION AND A FEW OTHER THINGS I DONT HAVE INK ON.
2-12-2015 Intel Guru DC It looks like it will come out at something like $3.58 to $3.95. The dong may come out at 8 cents but we believe it’s most likely to rise afterwards. We are just really, really close. We understand that Iraq is ready, the banking issues are resolved, pretty much. The Budget is now is the Gazette, and don’t be shocked if it comes out a 1166 rate. It could take 4-5 days to get pushed out, so don’t get jumpy. We’re looking for it at night...
2-12-2015 Intel Guru TNT Tony Everything is great and on time. The budget is signed and in today’s Gazette...It IS in the Gazette. Even an Iraqi official we talk to says HE has to wait for a couple of hours. But it is there, officially, in the Gazette... and we should hear about it tomorrow. We have been hearing rumors that the dinar will come out at the approved rate ($3+) and stabilize for a while. We hear rumors the dong will come out at 8 cents...So far as I know, it’s $1.05 for the rupiah and 11 cents on the zim. It’s a three-day weekend here, and I can’t see it going past that...
2-11-2015 Newshound Guru Adam Montana [Could the (supposed) impending return of Dr. Shabbi to the CBI have any effect on the timing of an announcement?] Dr. Shabbs has always had my respect as an intelligent and capable person - if that's what's going on, I'm sure there's a good reason. My main focus right now is on the HCL.
2-11-2015 Newshound Guru Aggiedad77 Article: "Kurdish delegation led by Barzani's visit to Baghdad on Sunday" Kurdish delegation led by PM Barzani will be in Baghdad on Sunday to discuss a misunderstanding over how much oil Erbil is capable of exporting...hopeful they can walk away with a bow tied over the whole oil deal.
2-11-2015 Intel/Newshound Guru tman23 The UN lifted Chapter 7...Iraq became SOVEREIGN...In other words; supreme, absolute, unlimited, unrestricted, boundless, ultimate, total, unconditional, full; principal, chief, dominant, predominant, ruling; ...Iraq can raise their currency value to whatever they want...but for it to be recognized at "whatever" value other countries have to be willing to accept it.
2-11-2015 Newshound Guru sczin11 THEY CERTAINLY DON'T WANT TO UNDERVALUE THEIR CURRENCY, WHICH COULD LEAD TO FOREIGN SKEPTICISM, OR BASICALLY NON-BELIEF, THAT IRAQ IS BACK ON THE GLOABL MARKET! THEY MUST INSTILL FAITH, CONFIDENCE... AND REMEMBER THE OLD ADDAGE... "LEADERSHIP STARTS AT THE TOP".
2-11-2015 Newshound Guru Mailman17 ECONOMIC REFORM IS WHAT WE SEEK...THE MOVE TO A MARKET ECONOMY. BUT THAT REQUIRES FUNDING. THAT FUNDING IS IN THE BUDGET. TO HAVE ECONOMIC REFORM REQUIRES A TRADEABLE CURRENCY, A RECOGNIZED CURRENCY AND FINALLY A STRONG CURRENCY ACCEPTED BY ALL NATIONS. THAT IS WHY IRAQ MUST COME OUT ON PAR. THIS EFFECTS NOT ONLY IRAQS FUTURE BUT ALL NATIONS AS THEY DEPEND ON THE STRENGTH OF THE DINAR FOR THEIR OWN CURRENCY. WHEN ABADI STARTS THE REFORM, LOOK FOR A RATE RIGHT THEN OR SHORTLY AFTER. JMO.
2-11-2015 Intel Guru TerryK A LITTLE BIRD TOLD ME LATE LATE LAST NIGHT THAT THURSDAY THE 12TH IS THE DAY OF THE BLESSING AND THE RATE IS WHAT IT IS. NO ONE REALLY KNOWS BUT HEARING THAT KUWAIT IS GOING TO BE IN THE FIRST BASKET WITH A RV RATE...YES THEY ARE OR GOING TO BE INCREASING THEIR VALUE SO THAT GIVES IRAQ A RI / RV OPPORTUNITY. AS SOON AS KUWAIT NUMBERS ARE POSTED IRAQ CAN RV THE CURRENCY AFTER THE RI. IRAQ KUWAIT WILL COME OUT IN SAME BASKET. WHAT I'M SAYING IS THIS...WE MAY SEE A RI RATE OF 3.56 WHAT I'M HEARING BUT AS SOON AS THE KUWAIT RATE IS POSTED IRAQ CAN CHANGE AND MAY THAT FAST. IN FACT YOU MAY NOT EVEN SEE IT HAPPEN AS IT MAYBE DONE BEFORE IT HITS MAINSTREAM. THAT'S WHAT I WAS TOLD LATE LATE LAST NIGHT.
2-11-2015 Newshound Guru Backdoc WE HAVE SEEN BANKING REFORMS, GOVT. CONTROLLED COMPANIES BECOME PRIVATIZED. WE HAVE SEEN INFRASTRUCTURE LOANS SIMILAR TO IRAQ FROM THE WORLD BANK! WE HAVE SEEN THEM ADMIT SIMILAR GOLD HOLDINGS TO IRAQ UNTIL RECENTLY WHEN IRAQ BOUGHT MORE. WE ALSO KNOW OF MASSIVE RESERVES OF GOLD, OIL, AND GAS ON TOP OF THEIR INCREDIBLE FOOD PRODUCTION AND MANUFACTURING! WE HAVE SEEN SUCCESSFUL BOND SALES! WE HAVE SEE TRADING PARTNERSHIPS WITH EMPIRE COUNTRIES WHICH WILL CREATE DEMAND FOR THE DONG CURRENCY! THIS INCREASED CURRENCY VELOCITY WILL NATURALLY INCREASE DEMAND FOR IT. I STILL THINK THIS IS A GOOD TRADE TO HOLD. I DON’T THINK YOU WILL BE A DING DONG WHEN IT TAKES A REALISTIC VALUE, WHENEVER THAT HAPPENS! [post 2 of 2]
2-11-2015 Newshound Guru Backdoc A NOTE HERE ON THE DONG. IF VNM WAS ABLE TO REDUCE ITS’ MONEY SUPPLY WE COULD SEE A SHOCKING SURPRISE TO THE UPSIDE ON THAT TRADE! IF THEY DIDN’T WE WILL LIKELY SEE THE STRATEGY THAT WE ALL HEAR ABOUT OF COMING OUT AT POSSIBLY .03 TO .05 AND GRADUALLY RISE! I FOR ONE WOULDN’T BE SURPRISED IF WE SEE A SURPRISE RATE SINCE WE HAVE SEEN SO MANY PARALLELS TO THE DINAR! THE REAL QUESTION FOR ME IS WHEN? DO THE CENTRAL BANKERS WANT TO PREVENT DOUBLE DIPPING? TIME WILL TELL. [post 1 of 2....stay tuned]
2-11-2015 Intel/Newshound Guru tman23 The Kurd region has not received money from Baghdad...There has not been threats or any outspoken words from those that matter...Barzani (PM) and ministers will be in Baghdad this coming Sunday...Do not expect anything tomorrow...Barzani going to Baghdad on Sunday, ...Very Big Day!
2-11-2015 Newshound Guru Adam Montana Unfortunately, the HCL wasn't passed ...so we're still here talking about it. Now let's talk about some GOOD stuff! "New CBI announcement 02/11/2015: To/banks authorized to exercise all banking -financial companies approved the conversion of all- all licensed exchange companies (sale and purchase of foreign currency instructions) 02/11/2015." That sounds to me like the CBI is preparing to open the doors and do some business! A little food for thought... does this announcement by the CBI have anything to do with the ISX jumping like it did? Do people in the know, know things we don't know? I guess we will see! [post 2 of 2]
2-11-2015 Newshound Guru Adam Montana After a crazy rush of excitement early this year, we seem to have stalled out a little... but I'm not worried. The positives are pretty plain to see - Budget approved amazingly fast, as opposed to last year when they NEVER passed one! If this had happened at any time in the last 12 years, we would have been seeing contrary statements from the "other side", but we are seeing less and less of an "other side"... they are truly working together and moving the ship forward. Abadi just continues to impress me! The next step is to publish the Budget in the Gazette, and that should happen any day now as it's been announced that the President has signed off on it. [post 1 of 2....stay tuned]
2-11-2015 Intel/Newshound Guru Backdoc WITH TEAM ABADI ANNOUNCING THE LAUNCH OF THE MARKET ECONOMY ON THURSDAY THE 12TH, THE COUNTDOWN CLOCK WILL BE RUNNING AND THE RACE TO BECOMING THE LONELIEST CURRENCY [#1] IN THE WORLD WILL BEGIN! WITH ALL THE CONTRACTS SIGNED SEALED AND DELIVERED FROM HUNDREDS OF COMPANIES AROUND THE GLOBE IRAQ IS SCREAMING TO LAUNCH!! ALL CONTRACTS HAVE TIME COMMITMENTS...THIS PUTS TIME IN OUR FAVOR! WITH THE BUDGET LAW NOW PASSED AND FUNDED, THE CLOCK JUST STARTED TICKING! THEY ARE NOW UNDER TIME PRESSURES! THEY WILL NOW PASS MULTIPLE LAWS IN “ONE BASKET” AS THEY HAVE STATED IN THE PAST! [post 2 of 2]
2-11-2015 Intel/Newshound Guru Backdoc ...IRAQ HAS MADE COMMENTS LIKE THEY HAVE ENOUGH RESERVES TO BACK THEIR CURRENCY BY 1.5 TIMES! OTHER COMMENTS LIKE THEY CAN BACK A CURRENCY WITHOUT A CEILING! THOSE ARE MORE THAN CONFIDENT STATEMENTS! DO THOSE COMMENTS COINCIDE WITH A .10 CURRENCY THAT WILL GO UP GRADUAL OVER TIME WITH A CURRENCY THAT HAS BEEN OBLITERATED IN THE PUBLIC FLOAT? NOT!! [post 1 of 2....stay tuned]
2-11-2015 Newshound Guru Mailman17 THEIR BUDGET BEING PASSED IS YES, VERY IMPORTANT. BUT THE LAWS NEEDED FOR THEM TO ENTER INTO THE WORLD ECONOMY ARE MORE IMPORTANT AND THEY WILL BE SEEN MOMENTITO. WE KNOW THEY HAVE BEEN IN PARLIAMENT IN SESSION READING AND VOTING...BUT THOSE ARTICLES ARE SCARCE AS FAR AS PROGRESS. BUT WE ALSO KNOW THINGS OF THIS NATURE THAT ARE NEEDED FOR THEM TO BE RECOGNIZED WILL NOT PRODUCE FANFARE IN THE MEDIA UNTIL IRAQ LETS IT. LOOK FOR THE LAWS TO COME OUT ALL AT ONCE...IN A BASKET. THEN IT WILL BE PARTY TIME AS THEY WILL HAVE NO CHOICE BUT TO ADJUST THEIR RATE TO ACCEPT OUTSIDE INVESTMENT AND PURCHASING POWER FOR THEIR PEOPLE...AND REMEMBER THAT THIS IS SO HUGE IN THAT THEM ANNOUNCING IT AHEAD OF TIME IS NOT AN OPTION...THIS WILL COME OVERNIGHT...BAM..JMO.
2-11-2015 Newshound Guru Millionday LETS...SUMMARIZE THIS -- THEY ARE GOING TO VOTE ON THE LAWS THIS WEEK ...FIVE LAWS -- NATIONAL GUARD -- SOME ECONOMIC -- ACCOUNTABILITY -- AMNESTY -- AND THEY HAVE A COUPLE TO READ AGAIN DUE TO CHANGES AND SOME JUST TO VOTE. THE CUSTOMS AND TARIFF WILL BE ACTIVE AFTER THE BUDGET IS PRINTED IN THE GAZETTE SO THAT THEY ARE FULLY COMPLIANT WITH THE WTO AND ITS ACTIVE MEMBERSHIP QUALIFICATIONS FOR IRAQ --- WTO ...TOMORROW THE GOV PROGRAMS WILL BE IMPLEMENTED. [do they not need funding if they are being implemented?] THEY WILL BE FUNDED -- THEY ARE VERY RICH AND HAVE A BUDGET -- IT IS BEING PRINTED IN THE GAZETTE. [post 3 of 3] [See the list of possible "to do's" on the left in the Dinar Guru Resource Bar]
2-11-2015 Newshound Guru Millionday [Can there be currency reform without a genuine unification of the government? Specifically the National Guard Law, the Justice and Accountability Law, the De-Baathification Law and Amnesty Law? Are these issues intimately linked with a currency reform or not?] THAT IS THE COMPLETE LIST OF THE PARLIAMENT AGENDA. [...those are on the parliament agenda for Thursday?] TUESDAY WAS FIRST READING AND TO BE VOTED IN BY THURSDAY. [post 2 of 3....stay tuned]
2-11-2015 Newshound Guru Millionday [When you said you have the date and then posted the article saying Thursday...what that mean? Date for what? RV?] ABADI ANNOUNCED THAT THIS WEEK HE WOULD BEGIN THE STRATEGIC MECHANISMS OF THE GOV FOR THE ECONOMIC ADVANCEMENTS/ REFORMS AND CBI STATED THAT THEY HAVE FUNDED THE DEVELOPMENT BANK AND CAN FUND THE GLOBAL SMART CARDS DISTRIBUTION -- THAT REPORT GAVE A DAY WHEN ABADI IS GOING TO BEGIN ON THURSDAY SPECIFICALLY -- ALSO A REPORT CAME OUT STATING THAT THE MOST IMPORTANT STEP OF THE MECHANISMS TO BEGIN WITH IS THE RETURN OF THE MONETARY POLICY BACK TO NORMAL -- AND THE SET PURCHASING POWER AND PRICING INDEX DUE TO THE GLOBAL CALCULATIONS -- SO WE ARE ALL EXCITED DUE TO THAT ALL TOGETHER. [post 1 of 3....say tuned]
2-11-2015 Intel/Newshound Guru Poppy3 budget of 2013 was never published in the gazette and never implemented after approved because Maliki caused mass disruption on the borders of kurdistan...and he also released 1500 prisoners to create more disruption. THIS IS A NEW DAY AND NEW LEADERSHIP IN EVERY DIRECTION IN IRAQ. I EXPECT TO SEE CONTINUED PUSH TO COMPLETE THEIR ECONOMIC REFORM AND THEY SAID SEVERAL TIMES ISIS, DAASH ETC WILL NOT STOP FINANCIAL REFORM.
2-11-2015 Newshound Guru Kaperoni Article quote: "Parliamentary Finance Committee confirmed on Monday, that the customs tariff law takes effect will be applied to the material covered in the near future." I think we pretty much know that they plan to implement tariffs starting March 1 or about. 2-10-2015 Intel Guru SteveI So far, based on all of the laws that have been passed and the upcoming discussion with the banks about the new notes, I believe without reasonable doubt that this is our month. I and many of my very close friends (contacts, sources, etc.) believe we are finally at the end of this journey. So, yes I believe this is without a doubt our month. I will not give you the name of a bank I deal with, but they are 100% ready and within hours will cash you in. This is as real as it gets. [are you saying the bank is aware of the impending RV?] Yes, they have been for a few months now. This is a fact...So far...I have never predicted a date, but gave a rate of $3.22 and that was due to the contracts we have in Iraq back in November of last year. I still will predict a rate of $3.20 based on facts and 100% reliable sources.
2-10-2015 Newshound Guru sczin11 I CAN NOT FATHOM HOW THEY CAN IMPLEMENT THEIR BUDGET WITHOUT A TRUE VALUE...TOO MUCH AT STAKE...BUT, AS ALWAYS, I COULD BE WRONG AGAIN. THE BUDGET, IF I UNDERSTAND ALL THE READING I HAVE DONE, WILL BE FUNDED MONTH BY MONTH, BASED ON PRIOR MONTHS REVENUES... THERE WILL BE SO MUCH MONEY THEY WILL FILL THEIR PILLOWS WITH THE PINKBACKS:) WITH ALL THE LOANS AND REPURCHASING OF BONDS, THEY WILL NOT HAVE A LIQUIDITY ISSUE WHATSOEVER...IMHO, THE KEY IS NOT THE NUMBERS, IT IS THE NEED TO BE USING A TRUE VALUE IN THEIR GLOBAL TRANSACTIONS.
2-10-2015 Intel/Newshound Guru tman23 The Budget will post in the Gazette tomorrow (2nd Wednesday of the month)...They are timing their events...As media news releases Masoum signing the budget today.
2-10-2015 Intel/Newshound Guru Poppy3 [BUDGET] SIGNED AT 7:30AM CENTRAL TIME TODAY. WE WILL SEE AND HEAR MORE MOVEMENT EVERYDAY THE REST OF THIS WEEK TILL OVER AND RATE ANNOUNCEMENT IS MADE.
2-10-2015 Newshound Guru Tlar The CBI under Shabibi mentioned a few times that one of his goals was for the dinar to be part of a foreign currency reserve in countries and it is my belief that this is what will happen as part of the plan. These dinars not circulating in Iraq, yours, mine and the central banks dinars, will remain not circulating and they do not have to be backed by Iraq's reserves. I am absolutely sure that only circulating dinars are what we need to be watching.
2-10-2015 Intel Guru TNT Tony Breaking News President ratifies Budget Law should be in Gazzette Wed.
2-10-2015 Intel Guru Angelquest Article quote: "President of the Republic Dr. Fuad Masum approved on Tuesday morning, the Federal Budget Law for 2015. A source in the Iraqi presidency office told PUKmedia that President Masum approved today, the federal budget law for the year 2015, noting that the law will be published in the Official Gazette of Iraq (Alwaqai Aliraqiya). For his part, Supervisor of the Finance Committee in the Council of Representatives, Ahmed Rashid in a statement to PUKmedia said that following the president's ratification of the law, the Ministry of Finance will issue instructions to implement the law. PUKmedia." STRAIGHT FROM THE HORSES MOUTH...HE DID RATIFY BY SIGNING AND THE HOUSE WILL IMPLEMENT THE LAWS...[I'm thinking then the LAW and the budget are one and the same. Just different words.] BINGO. THEY WILL IMPLEMENT THE MONETARY LAW.
2-10-2015 Intel Guru EXOGEN Article quote: "...confirmed the Presidency of the Republic, on Tuesday, President Fuad Masum has approved the budget Alathadsh Act of 2015." Infallible approve the draft budget for 2015.
2-10-2015 Newshound Guru Aggiedad77 Well, well, well....the media has released the info about the budget that President Masum has signed it...wooohooo...
2-10-2015 Newshound Guru Mailman17 IMO...THE IMF HAS BEEN RIGHT ALONGSIDE IRAQ IN THIS VENTURE SINCE 2003. THAT HAS BEEN THE PLAN SINCE DAY 1. NOW WE ARE AT THE END..LET IT PLAY OUT. THE NEWS IS OUTSTANDING...FOLLOW IT TO THE END OF THIS RIDE. YOU WILL NOT BE DISAPPOINTED. IRAQ IS READY TO JOIN THE GLOBE AS THE MOST POWERFUL ECONOMIC COUNTRY IN THE M.E. 10 CENTS IS NOT AN OPTION AND NEITHER IS A FLOAT. THAT WAS NEVER EVER SAID BY ANYONE PERTAINING TO THIS INVESTMENT IN OR OUTSIDE IRAQ. [post 3 of 3]
2-10-2015 Newshound Guru Mailman17 EVERY SINGLE DINAR THAT WE HOLD ALONG WITH GOVTS ARE ACCOUNTED FOR AND IRAQ WILL NOT WORRY ABOUT EXCHANGE OF SAID DINAR. THE DINAR HAS AND ALWAYS WAS PEGGED TO BE THE CURRENCY OF CHOICE FOR ANY GOVT INVOLVED AS THEIR RESERVE TO BACK THEIR OWN CURRENCY HENCE WIPED OFFED IRAQS LEDGER. AS THE DINAR GROWS STRONGER SO DOES FOREIGN CURRENCY ASSETS OF COUNTRIES...HENCE BACKING THEIR OWN CURRENCY IN THE WORLD. [post 2 of 3....stay tuned]
2-10-2015 Newshound Guru Mailman17 WHY SOME ARE STUCK ON AN M2 THAT IS AS QUESTIONABLE AS THE 2 SETS OF BOOKS THEY WERE CAUGHT WITH YEARS AGO REGARDING THEIR ACTUAL FINANCES IS BEYOND ME. I HAVE NEVER SEEN ANYONE FROM IRAQ LET ALONE THE CBI STATE WHETHER IN AN ARTICLE OR STATEMENT THAT THEY INTEND TO FLOAT FROM 1166. WHAT I HAVE SEEN IS REPEATED STATEMENTS FROM NOT ONLY SHABS BUT SALEH THAT THE GOAL...REPEAT GOAL OF THE CBI WHEN THE TIME WAS RIGHT TO MOVE TO A MARKET ECONOMY WAS TO HAVE THE DINAR READY TO BE ON PAR WITH THE DOLLAR. ON PAR MEANS EQUAL. PERIOD. THE M2 HAS BEEN MANAGED TO MEET THAT GOAL. THE CURRENCY WITHIN IRAQ IS THE ONLY THING THAT HAS EVER PERTAINED TO THAT GOAL BEING MET. [post 1 of 3....stay tuned]
2-10-2015 Newshound Guru Millionday "there is a new economic strategies, especially the private sector strategy which will launch two days later, and these strategies constitute the starting point for turning the economy of Iraq to the world economy," WE SEE TWO DAYS AFTER THE NEW ECONOMIC STRATEGIES ARE APPLIED THEY ARE PLANNING TO MOVE TO THE ECONOMIC REFORM -- THIS IS THE TRANSFORMATION FOR THE ECONOMY WE HAVE BEEN WAITING ON -- MOVING TO THE WORLD MARKETS REQUIRES INTERNATIONAL RECOGNITION...
2-10-2015 Intel Guru Jester THIS IS NOT GOING TO GO DOWN LIKE ALL...ARE TELLING YOU... IS GOING TO TAKE SOME TIME TO GET EVERYTHING WORKED THROUGH...YOU THINK IT IS JUST GOING TO SHOW UP ON THE BANK SCREEN AND YOU WILL CASH OUT... I CAN NEARLY GUARANTEE YOU THAT IS NOT THE CASE. IT IS COMING... NOT TO WORRY... BUT IT IS NOT GOING TO GO THE WAY EVERYONE THINKS... MONEY IS READY... THE ONLY THING YOU NEED TO KNOW IS THERE IS MONEY TO PAY YOU.
2-10-2015 Newshound Guru Kaperoni [Adabi is to have a special announcement this week.] Since no laws are passed...the CBI is out of compliance and still fighting with various groups over monetary policy, this announcement will be nothing more than an overview or outline of whats to come. I do not expect anything significant.
2-10-2015 Intel/Newshound Guru Poppy3 I HAVE NEVER SEEN ONE WORD OF LOW RATE OR FLOAT FROM A LOW RATE FROM ONE PERSON THAT HAS ANY RESPONSIBLE POSITION THAT DEALS WITH SETTING A RATE. NEITHER HAS ANYONE POSTING ANYTHING OFFICIAL ABOUT IT. I HAVE HOWEVER HEARD PEEPS STATE MANY TIMES IT WILL BE THE HIGHEST RATE IN THE MIDDLE EAST. WELL I DON'T HAVE A DOUBT IN THE WORLD ABOUT MY INVESTMENT...AND I STAND WITH THE OFFICIALS STATEMENT AT THE CBI, IMF MORE THAN ANYONE'S OPINION. ...UNTIL WE SEE THE RATE OR WE SEE SOMEONE OFFICIAL WITH THOSE TWO AGENCIES I KNOW MY INVESTMENT WILL RETURN IN THE $3.00 PLUS RANGE. BRING ME BLACK AND WHITE OR LIVE VIDEO UNTIL THEN I STAND WITH THE CBI'S OWN STATEMENTS.
2-10-2015 Newshound Guru sczin11 IF THE CBI COMES OUT WITH A LOWER RATE THEN THE INTERNATIONAL MARKET WARRANTS AND DEMANDS, WHAT KIND OF CONFIDENCE DOES THAT SHOW THE WORLD? NEXT, IF THE RATE CAME OUT LOW, HOW LONG WOULD IT TAKE THE MARKET TO ADJUST TO THE TRUE VALUE...BEFORE YOU COULD GET TO THE BANK, THE RATE WILL HAVE CHANGED... ONCE THEY RELEASE THE "NEW RATE", AT WHATEVER LEVEL THAT IS, IT IMMEDIATELY BEGINS TRADING ON THE FOREX CURRENCY EXCHANGE... AND AS OF A FEW DAYS AGO, PRIME MINISTER ABADI HAS CLEARLY STATED TO THE WORLD, FROM GERMANY, "IRAQ IS OPEN FOR BUSINESS". [post 2 of 2]
2-10-2015 Newshound Guru sczin11 ...BASED ON ALL THE REPORTS, RELEASES, AND ANNOUNCEMENTS, WE ARE LED TO BELIEVE THAT THE IRAQI DINAR, SHOULD BE SUPPORTED WITH EASE, BY THE CENTRAL BANK OF IRAQ, ( CBI ), AND FURTHER REPORTS INDICATE THE VALUE OF THE CURRENCY SHOULD BE ONE OF THE STRONGEST, IF NOT THE MOST POWERFUL CURRENCY IN THE WORLD! THE COST OF EXCHANGING THE OLD DINAR, ( WHAT WE OWN) WITH THE NEW VALUE PAIRED TO WHATEVER CURRENCY OR COMMODITY THEY CHOOSE, IS ONE OF SIGNIFICANT LEVELS...IT WOULD POSSIBLY BEHOOVE THE CBI TO PAY AS LITTLE AS POSSIBLE, THUS COMING UP WITH A LOWER INITIAL EXCHANGE RATE...CORRECT? I SAY NOT! [post 1 of 2....stay tuned]
2-9-2015 Intel Guru TNT Tony [via Adept1] Meetings are done, laws are passed, the budget has been signed off but not made public although they intend to do that shortly...Abadi already told people the economic reforms will go into effect on the12th. Iraq is being told the Qi cards will soon be usable internationally. That was on today’s television with someone from the finance ministry. Even though it didn’t happen over the weekend, the fact that Abadi is talking about it means that it is happening now, not in April or next year. I know that every time we get this close, something else seems to come up, but it really feels like we are just that close. They can activate this at any moment they want to from now on
2-9-2015 Intel Guru DC [via Adept1] Iraq got up to the plate on Friday, then decided they weren’t quite ready with a few things they would like lined up, such as banking laws. They said they needed another few days and the US agreed. They’ll have more meetings and if they are done, this will go through...it’s just the latest delay, and everyone is focused on getting this cleared and done. On Iraqi television they say the completed economic reforms will be done on the 12th which is this Thursday and the Budget as well. There is one report on the Budget being done before then...Let’s see how the meeting goes tonight; if it goes well, this could be as early as tomorrow.
2-9-2015 Newshound/Intel Guru EAGLE 1 IMF WILL BE MAKING A STATEMENT AT UNDISCLOSED LOCATION/TIME...IN REGARDS TO IRAQ AND THEIR CURRENCY. IN THE NEXT 24-36 HRS.
2-9-2015 Newshound Guru Tlar [come payoff time, doesn't Iraq have to honor all the dinars out there, circulating or not. Whoever comes to the bank with dinar is gonna want real money, or am I just flat wrong about that assumption?] Quite simply the answer to your question is no. They only have to cover circulating currency.
2-9-2015 Newshound Guru Millionday [has the budget even been signed yet or reached the president?] THE BUDGET WAS IN ARAMAIC AND HAD THE IMPRINT OF THE PRESIDENT ON THE DOCUMENT BUT NOW THEY ARE HAVING A DISAGREEMENT ABOUT THE PLANS OF CBI AND HOW IT IS WRITTEN SO -- NOT PRINTED IN GAZETTE YET OR SIGNED IT LOOKS LIKE BUT THEN AGAIN THE MEDIA IS CONTRADICTING ONE ANOTHER IN MANY THINGS AT THIS POINT. [Whats the latest on the HCL?] THEY HAVE IT ON THE AGENDA FOR TOMORROW TO COMPLETE WHAT HAS NOT BEEN ADDRESSED AND AGREED FOR FIRST READ.
2-9-2015 Intel Guru MarkZ We are seeing the signs and movement all around us of the impending global currency change but yet it is still not here. Could the reset occur this week? Absolutely! Could it drag weeks longer? Possibly. The truth is that nothing stalled it, the trigger will not be pulled until it is deemed relatively safe to do so.
2-9-2015 Newshound Guru Kaperoni Article: "Approve the recommendation on the application of the customs tariff law on imported goods" WOW! Looks like tariffs are in effect in a few short weeks.
2-9-2015 Intel Guru EXOGEN BUDGET BEING RATIFIED IN JUST HOURS...Quote: "Baghdad Parliamentary Finance Committee revealed, on Monday, that the next few hours will witness the Presidency of the Republic's ratification of the general budget for the year 2015..."
2-9-2015 Intel/Newshound Guru tman23 Has Abadi, Jabouri, or an official of importance come out and said anything negative that the Budget is not geeting done or is being held up...NO...Abadi said that he will launch the economy on February 12...ITS DONE!! The Budget is done... [so, is there any significance to the budget relative to our liquidity event?] I believe so this time around... when we witness contract cuts from 450 billion to 135 billion and then see this as a pattern... it appears that the 3 zeros will begin lifted when the budget opens along with a rate... how they do it is another question all together.
2-9-2015 Intel Guru Mnt Goat Al-Abadi along with the CBI have to make a decision soon on when to RV this currency. I believe this decision has already been made weeks ago and we are now in the final countdown window now that the budget is truly done and the government is fully formed. Can Iraq be fully positioned with all these new laws in time to open and begin spending this 2015 budget? ...a new window of opportunity for an RV is staring us right in the face for this week – and more than ever before! It could not get any better! ...we are literally just waiting for the news of a hand full of new laws to get forwarded to parliament and then voted on by parliament. [post 2 of 2]
2-9-2015 Intel Guru Mnt Goat THEY CAN’T OPEN THE NEW BUDGET WITHOUT ALL THE NEW LAWS VOTED ON BY PARLIAMENT BUT THEY CAN’T SEND THEM TO PARLIAMENT WITH THE FEDERATION COUNCIL PARTICIPATING IN THE REVIEW PROCESS. SINCE THE FEDERATION COUNCIL WAS NOT YET READY WE HAD TO WAIT. SO THIS IS THE SECRET TO UNLOCKING WHY WE ARE WAITING SO LONG TO SEE THE IMPLEMENTATION OF ALL THESE NEW LAWS. Could we be in for a VERY LONG wait for all these new laws, including the 2015 Budget bill, to reviewed by the Federation Council? Absolutely Not! At least this is what I am told by the GOI. They will be racing the clock since I believe the deadline for this voting completion is Feb 12th... that is the deadline for the president to ratify the 2015 Budget Bill and the budget needs these laws in order to support and make legal the allocations contained within it. [post 1 of 2....stay tuned]
2-9-2015 Newshound/Intel Guru BGG I really like where we are at right now - the best (based on real info) position we ever have been.
2-9-2015 Newshound Guru sczin11 IF IT IS NOT GOOD OUT THERE, I DONT KNOW WHEN IT EVER WILL BE...THERE IS SO MUCH HAPPENING, AND THE ONLY THING THAT IS NOT IN THE RACE IS THE DELIVERY OF THE BUDGET... QUITE FRANKLY, I THINK THAT IS JUST PART OF THE SHOW...NON RECEIPT, MEANS NO 15 DAY COUNTDOWN, THEREBY GIVING THE PTB IN IRAQ THE LEEWAY TO PROCEED WITH THE PLAN, AND NOT BE HELD DOWN BY SILLY DEADLINES, AS WE KNOW THE BUDGET IS DONE, AND HAS BEEN FOR A VERY LONG TIME... WHAT MORE NEEDS TO BE SAID... YES, WE WOULD LIKE A DATE... WHO REALLY CARES IN THE LONG RUN... THE KEY IS WE KNOW IT IS HAPPENING, AND HAPPENING NOW IT APPEARS...
2-9-2015 Newshound Guru Tlar In June of 2008, that number was 1.13 to 1 as determined by experts that did a strategic study. By the end of 2009 Forexes started to show the dinar at $1.49 until Shabibi stopped it and reversed it. That means by the end of 2009 the dinar had increased .36 based on the reserves and oil production increases. That was essentially deleting the 3 zeros but by 2009 it had grown. As the years have rolled by we see more oil production with a great future, we see an economy ready to open like a flower and less dinar circulating than in 2008. So please understand the name delete the zeros still applies. It means only that the 3 zeros will be gone. That is the term they are still using today. But IMO it only means that from .86 up it is descriptive of the program, but does not give us any indication of the new rate. Anything above .86, the term deleting the zeros still applies. So at $3 + the zeros are still deleted so the description of deleting the zeros tells us very little about the potential for the rate. Hang in folks this is getting exciting and IMO is almost over. [post 2 of 2]
2-9-2015 Newshound Guru Tlar We know they have not published nor have they opened the budget. So every number we see until then, will be stated in today's value (1166). We also know that the ATM's are being readied for operation...We also know that the government and all involved ministries have been meeting with the CBI and the CBI appears to be making all the proper moves coordinating with the independent banks to modernize both their systems and the functionality. Both government banks are being privatized and restructured again. Interesting timing? ...Iraq...admitted that they can back all the dinar ever let out 1.5 times, even the dinar you and I hold which is not circulating, by itself is amazing. I think they are not telling the whole truth on their numbers, neither the reserves nor the circulating currency. Their are many smart people in dinarland. If they ever did disclose these figures, many would be able to calculate a possible RV number. [post 1 of 2....stay tuned]
2-9-2015 Newshound Guru My Ladies Article quote: "...Rafidain Bank, on Sunday that the Arab countries will be the first stop for the beneficiaries of the smart card, stressing that the use of the card will be very soon." WELL WHEN EVER IRAQ SAYS VERY SOON THAT IS GOOD NEWS. THEY...SAID THEY ARE ACTIVATING THE QI CARDS INTERNATIONALLY AND THERE ARE PEOPLE FROM THE RAFIDAIN BANK READY TO TURN ON THE SOFTWARE TO ALLOW THE CARDS TO BE INTERNATIONAL….THEY ARE SO READY. THEY DID A TRIAL 2 WEEKS BACK WITH MASTER CARD AND I GUESS IT WAS A SUCCESS BECAUSE THEY ARE NOW GOING TO TRY THE QI CARDS IN THE NEIGHBORING ARAB STATES…WOW…GREAT GREAT NEWS.
2-9-2015 Newshound Guru American Contractor The Iraqi Parliament is continuing with their economic conference meetings in Baghdad. What you are going to see is the private banking institutions and the Iraqi government working together to facilitate government projects. The Iraqi government will remove the restrictions it had imposed on the private banks. The Private Banking had restrictions due to lack of capital and unable to fund multi-million dollar projects. Since that time the banks have raised their capital to the Central Bank requirements and now, are able to compete with the two state banks for government projects. Not all private banks have met the capital requirements, and they will not be able to participate in this program. The Central Bank has announced that this is not the time to delete the zeros from the Iraq currency, stating that lack of security and economic stability in the country. The State-owned Rafidain Bank has announced the first ever smart card used by Iraqi citizens who are living abroad and are collecting pensions and or subsidies. The Central Bank reserves have decreased, and this is another reason the CBI has limited the sales of the dollar into the market. The CBI is trying to protect the reserves.
2-9-2015 Newshound/Intel Guru BGG Article quote: "Approve the recommendation on the application of the customs tariff law on imported goods... that this decision is implemented, starting from Date of 03/01/2015." [Several...wondered about the effect of such and whether the event itself foreshadowed a rate change? and/or that the very existence of such a tax " required " a greater value to the dinar?] ...tarriffs without value are pretty meaningless...from a functional perspective.
2-9-2015 Newshound Guru Enorrste I agree 100% with KAP [Guru Kaperoni] on this one. There not only won't be an RV; there cannot be an RV. with 42 trillion dinars in circulation, an RV at only $1 per dinar would make the currency in circulation worth more than 80% of the country's currencies in the world, combined. It just is not possible to RV without first reducing the money supply. Furthermore, you cannot reduce the money supply unless you gradually raise the value of the dinar. It is a process that the CBI has stated will take up to 4 years.
2-9-2015 Newshound Guru Kaperoni The statement by Abadi the other day referring to 5 billion dinar and 440 million dollars was not referencing an exchange rate. He was simply stating an allocation of money..in other words..of the 5 billion, 440 million would be going towards..rebuilding. It is not appropriate nor his business to discuss monetary policy, exchange rates, etc. To many of you wear a RV hat looking for anything, any article, any video that you can interpret to confirm some kind of RV...I will say it again..there is no chance that an overnight RV can happen. None. Zero. [post 2 of 2]
2-9-2015 Newshound Guru Kaperoni ...there is no RV or RI. ...its going to be a gradual appreciation over several years. The IMF is a professional world class organization. They do not make things up. It is clear as day that the plan is to gradually raise the dinar as investment comes into Iraq. This is the only process that makes sense with all the other parts. Believe me...I would love to talk RV, RI or some other solution..but it is not happening. You cannot compare anything in Iraq to Kuwait. [post 1 of 2....stay tuned]
2-8-2015 Newshound Guru My Ladies SO FAR THERE IS NO INDICATION THEY ARE GONG TO POSTPONE THE PARLIAMENT SESSION ON TUESDAY. ALSO THE COUNCIL IS GOING TO RESUME IT’S REGULAR SESSIONS STARTING TUESDAY TOO.
2-8-2015 Newshound Guru sczin11 I do not believe they are going through this entire process with the hundreds of billions of dollars being invested and loans and the statements that they are the most powerful country and wealthiest country in the world to raise their currency to the equivalents of $.10 per dinar.
2-8-2015 Newshound Guru Aggiedad77 Article: "Special / new draft oil and gas law entitles "Sumo" manage the export of oil exclusively" It seems that a friend of a friend of an MP is saying that the new draft oil and gas law will allow SUMO exclusive rights to manage all oil exported from Iraq...well we shall see what is presented to Parliament in the coming days...because of strong differences in the first two versions of the law from 2007 and 2011, the COM has been in the process of rewriting the law and will soon present this effort to Parliament...there is a rush on this law to get it passed at this time.
2-8-2015 Newshound Guru My Ladies AND JUST TO BE CLEAR WE NEVER SAID THERE WERE NO LAWS NEEDED WE SAID THERE CAN NOT BE LAWS WITH OUT MONEY. AND TO DATE WE HAVE NOT SEEN THE MONEY AND GUESS WHAT…WE HAVE NOT SEEN THE LAWS EITHER. SO...AGAIN... $ B 4 LAWS. WE ARE SOOOOO CLOSE... THEY ARE CLAIMING...ABADI IS GOING TO ENACT THE ECONOMIC REFORMS ON THURSDAY THE 12TH, SO WE CONTINUE TO BUILD ANTICIPATION BECAUSE WE STILL SAY WE NEED TO SEE THE MONEY BEFORE ANY OF THIS CAN HAPPEN. [post 2 of 2]
2-8-2015 Newshound Guru My Ladies Article: "Hamoudi: Parliament intends to issue a new investment law to achieve development goals" THE INVESTMENT LAW SEEMS TO BE DONE FINALLY WITH JUST A FEW CHANGES. THEY HAVE THE CHANGES FROM THE COUNCIL OF MINISTERS AND THEY ARE GOING TO SEND IT TO THE HOUSE FOR...VOTE. THIS IS GREAT NEWS, BECAUSE YOU CAN NOT OPEN THE INVESTMENT LAW WITH OUT MONEY IN THE BANK. WE SEE THE NEED FOR LAWS BUT THE STALL OF IMPLEMENTING THOSE LAWS BECAUSE THEY NEED THE MONEY. SO THEY ARE REALLY PUTTING THEMSELVES OUT THERE WITH ALL THE RUSH RUSH TO FINISH THESE LAWS. [post 1 of 2....stay tuned]
2-8-2015 Newshound Guru sczin11 THE CAREFULLY PLANNED PROCESS CONTINUES... METHODICALLY, PRIME MINISTER ABADI, IS WEEDING OUT THE FORMER REGIME, FROM INTERIOR AND DEFENSE, TO JUDICIAL AND FINANCIAL... THE CBI IS DOING THEIR THING, REDUCING THE US DOLLARS AVAILABILITY, AND SETTING UP THEIR ELECTRONIC BANKING INFRASTRUCTURE...THE BUDGET...HISTORIC IN NATURE...READY TO FUND ECONOMIC AND MONETARY REFORM! IN TRANSIT TO THE PRESIDENT FOR RATIFICATION...BY SNAIL MAIL, WITH SO MUCH EMPHASIS OVER LAST WEEK ABOUT THE 15 DAY LIMIT, AFTER RECEIPT BY THE PRESIDENT...ALL THE RUSHING BY THE GOI AND HOR, AND NOW A SLOWDOWN...ABADIS SPEECH IN DAVOS AND THEN MOST RECENTLY GERMANY, IMPLYING SOME SORT OF IMPLEMENTATION NEXT WEEK, MEANING THIS WEEK...MaJOR COMPANIES COMING INTO IRAQ, MONEY BEING SENT AND LOANED FROM ALL OVER THE WORLD...WHAT ARE THEY GETTING READY FOR?
2-8-2015 Intel Guru TerryK I THINK THIS WEEK SHOULD PROVE TO BE VERY HOT HOT HOT. WHAT I'M GETTING IS THIS IT'S ALL DONE. THEY ARE WAITING WHAT I WAS TOLD AGAIN IS THE 12TH. PARLIAMENT HAS TO DO A FEW THINGS ON THE 10TH AND 11TH...SHOULD SEE IN PAPER ON 12TH.
2-8-2015 Newshound Guru Kaperoni ..."if" this plan is going to work, the CBI has to float the dinar so they can collect the 3 zero dinar at the lowest possible value and retire it. The CBI simply cannot afford to RV the currency at some rate like .10 or $1 and pay for the increase in value. As the one article states..the dinar will.."raise zeros from the dinar raise its value through sobriety," meaning as the dinar strengthens in value, the larger 3 zero notes are retired. I can find an article that says 1.13 to the dollar...that does not mean its going to happen overnight. Let's hope for a correction of around .10 but I am expecting much less out of the gate. [post 2 of 2]
2-8-2015 Newshound Guru Kaperoni Article: "Economists renew demands for the implementation of the deletion of zeros during the current year" Quote: "noting that the central bank governor said that the project will be implemented over the next four years." This is very important statement...that Ali al-Alaq himself stated that the project will be implemented over 4 years. This statement is not from an MP or some other economist, but direct from the CBI Gov. Clearly showing it is gradual and not an overnight event. ...at this point there is 30 trillion dinar or more in circulation...maybe even 40 trillion. The amount of currency in circulation is clearly printed in the CBI reports. [post 1 of 2....stay tuned]
2-8-2015 Newshound Guru Aggiedad77 Article: "Barzani meets with the oil and gas committee in the Iraqi parliament" PM Barzani met with the Parliament Oil and Gas Committee in Erbil today where they talked about issues with the oil and gas law, the Kurd aspect of this law, and how the Kurds plan on cooperating with PM Abadi to see the oil and gas law approved while final differences are worked out with the Kurds...it seems the Kurds remain happy at this point with things and will be worth watching in the coming days as we should see some positive activity in this direction.
2-8-2015 Newshound Guru Chattels [...where does the budget business stand?] a real mystery to me...Parliament says they sent it to the Prez, but the Office of the President says not received? ...it makes me think that the budget is not "revealed" because there is real significance to the ratification of the budget this time. the constitution talks in terms of 15 days after receipt then it is automatic, but the constitution is silent as to a budget passed and sent, but not received...it becomes a question of when does the 15 days begin? "Such laws are considered ratified after fifteen days from the date of receipt by the President." what happens if there is not a "receipt"?
2-8-2015 Intel/Newshound Guru tman23 FORGET THE BUDGET...that is old news...The action now is at the CBI...and it is rattling inside the walls...the news...says that 15 days after the vote it's automatic in play...so why chase your tail? Start looking at the CBI...thats where our interest now lies.
2-8-2015 Intel Guru TNT Tony Iraq not ready. Middle of the week. No problems.
2-8-2015 Intel Guru Frank26 We said they would NOT tell You ...But trust me ...Abadi is dying to tell You the mula is POURING IN LIKE A WATERFALL at this very nano second. THAT ACTION ...IS SECURITY! For what? The Economic Reform of Iraq.
2-8-2015 Intel/Newshound Guru Backdoc I LOOK FOR CHINA TO SHRINK SOME OF ITS RESERVES BY LOSING BUSINESS TO VIETNAM WHILE IT DEFENDS ITS’ CURRENCY AND TRIES TO DIVERSIFY FROM AN EXPORTING ECONOMY TO A MORE DIVERSE ECONOMY! IT WILL HAVE TO PAY A PREMIUM FOR OIL AS WELL! CHINA WILL HAVE TO PAY DEARLY FOR THE BLACK GOLD AND VIETNAM HAS PLENTY! I LOOK FOR A MAJOR INCREASE IN THE DEMAND FOR THE DONG REGARDLESS OF WHEN IT FINDS A REALISTIC VALUE SINCE IT HAS PASSED ARTICLE 4 REVIEW FROM THE IMF! 2-7-2015 Newshound Guru My Ladies THEY NEED TO FUND THAT BUDGET AND IN ABADI SPEECH YESTERDAY HE RE AFFIRMS THAT THE BUDGET IS APPROVED AND WILL BE ENACTED NEXT WEEK ALONG WITH MANY MANY LAWS...HE TOLD THE WORLD THAT YESTERDAY. HE IS ALSO SAYING NEXT WEEK HE WILL PUT THE "NEW" ECONOMIC SYSTEM INTO PLAY. THE GOVERNMENT HAS THE DETAILS WORKED OUT AND THE CBI HAS THE MONEY WORKED OUT. IF THE DINAR COMES PEGGED TO THE SDR AS WE THINK IT WILL IT WILL BE FIXED, NO SPIKES NO FLOATS.
2-7-2015 Intel/Newshound Guru Backdoc WE HEAR THE CURFEW ENDS SATURDAY IN BAGDAD! HAVE THEY BEEN HIDING THIS IMPROVED SECURITY AS GANGS HAVE BEEN ROUNDED UP? MMMM. ...ONCE THE BUDGET BECOMES LAW AND NEEDS TO BE ACTIVE ON THE 16TH DON’T ASSUME WE WILL SEE A LIVE RATE THEN! YES, WE ARE VERY CLOSE BUT REMEMBER NOTHING INTERNATIONAL WILL HAPPEN UNTIL OZ LETS IT GO! (Oz=IMF, WORLD BANK, U.S.TREASURY, AND CBI). YES WE HAVE A LOT TO BE EXCITED ABOUT... [post 2 of 2]
2-7-2015 Intel/Newshound Guru Backdoc WITH BLACK GOLD IN A SHORT SQUEEZE PRICES LOOK TO HEAD LOWER BUT WHEN? MMMM THE RECENT NEWS IN IRAQ LEADS US TO THINK MAYBE NOT UNTIL THE DINAR TAKES VALUE! INTERESTING THAT 58.00/ BARREL IS A TARGET PRICE FOR THEIR BUDGET AND TODAY ENDS AT 57.80/ BARREL! MMMM. REMEMBER THE IQD FOR DECADES WAS OVER $3.00. NOW WE SEE ARTICLES TALKING ABOUT IT RETURNING TO NORMAL! MMMM. WHY DO YOU THINK THE CBI IS INVESTING BACK INTO ITS OWN COUNTRY TO FUND THE BUDGET? BECAUSE IT WILL BE THE BEST PLACE IN THE WORLD TO DO BUSINESS? THE BEST RETURN ON INVESTMENT “ROI”! [post 1 of 2....stay tuned]
2-7-2015 Newshound Guru Enorrste This country will become a powerhouse for three simple reasons: first, it is the "wild west" meaning it is the last and best opportunity for the big players to make some serious money. Second, Iraq has, without question, the largest amount of "natural reserves" in the world... And, finally, third, Iraq has the strongest currency in the world, even though its current value "appears" to be toilet paper. Mark my words. The float will change the world's economic structure. I am not saying this alone. I have Saleh to back me up. To paraphrase: "the dinar will become one of the strongest currencies in the world and will be held by them for a very long time as a world reserve currency." I've been in this over 8 years now. However, as we enter the last lap, please don't lose faith. I am a true believer that anyone who hangs in for the next "phase", as Shabibi used to call it, will be rewarded, not only somewhat, but very nicely indeed. Iraq will literally save the paper currency system. It must. The other option isn't affordable.
2-7-2015 Newshound/Intel Guru Bluedog Article quote: "...announced a group of academics and economists and businessmen Iraqis on Saturday the establishment of Iraq Economic Forum along the lines of international forums and global." I SEE A PROCESS HERE AND I HAVE SEEN IT FOR SOMETIME, SALEH IS ABADI'S FINANCIAL ADVISOR...ABADI...WE KNOW ABADI'S BACKGROUND...SALEH IMO TALKS TO SHABIBI "AS" HE WORKED FOR HIM AND SHABIBI WORKS NOW IN AN INTERNATIONAL ARENA. SO ABADI IS TAKING CLOSE ADVICE FROM THE CHAIN OF COMMAND...IMO. THEY HAVE BEEN WORKING THIS PROCESS OUT FOR A LONG TIME AND FINE TUNING AS TIME GOES BY...SALEH IS MAKING SURE THAT ALL LAWS AND LEGISLATION IS IN PLACE FROM HIS CHAIN OF COMMAND AND ABADI IS LISTENING WELL AND PERFORMING BEAUTIFULLY...IMO.
2-7-2015 Intel Guru Wife in the Know you are on the brink of witnessing Iraq's dreams and also your dreams coming true. These next few weeks should prove positive for this to happen. The exchange rate will be $3.42 as I have always stated...
2-7-2015 Newshound Guru Kaperoni Article quote: "...discussion of tax compliance with the United States of America Agreement (Vta) and concluded between the United States and most countries and related tax compliance for foreign accounts to provide tax information on people who hold US citizenship." This is good news. They clearly are preparing for global investment. Looks like they don't plan to pass the law until Sept 2015. Which may be more related to year-end reporting than timing of investors. You do not do that unless you expect global investment. Again, a great sign that Iraq is preparing to open the economy.
2-7-2015 Newshound Guru Millionday Article quote: "Adel said in a statement the "morning" is necessary to restore public confidence in the local currency..." SO THEY ARE RETURNING THE DINAR TO A RESTORED CONFIDENCE LEVEL TO NOT UNDERESTIMATE THE TRUE VALUE OF IT`S VALUE-- LOVE IT. Quote: "...indicating the need for attention to this subject by regulatory agencies and educate citizens not to be dragged into what is floating currency..." SO AS WE SEE HERE -- THE PLAN IS NOT TO NOT FLOAT.
2-7-2015 Newshound Guru Enorrste ...the passing of the laws is essential for the future of big time investment in Iraq. At the same time, the announcement of the 17 major companies signing contracts today means that the "dam" is about to break, regardless of the laws. I am still convinced that the urge to invest in Iraq by the major countries is enormous, and that they are apparently convinced that Abadi will see to it that their "gamble" by entering early will pay off. Abadi has a degree in economics. He has invited Shabibi back to the CBI, who is also an economist. These guys understand what is needed, and they will get the job done. Abadi is moving like a racehorse to get balls rolling. IRAQ IS POISED TO TAKE OFF, NOT IMPLODE! 2-6-2015 Intel Guru TNT Tony [via Adept1] The US openly asked for a slight delay in order to get something done – they didn’t screw it up or block it, they politely asked for a delay on Wednesday to get something done. That has now been done. There is light at the end of the tunnel – so much light that we can feel the warmth! This is it! Everything is falling into place. Get everything ready to move as soon as this gets started.
2-6-2015 Intel Guru DC [via Adept1] We are in a very good place. In summary, we are still in a wonderful window...That’s the bottom line. In Iraq, they are very ready. The US asked for a brief pause for several different reasons, and the request was warranted. That has been cleaned up and we are ready to go again. Iraq is ramping up again. Everything is ready in the CBI, finance ministry and Abadi’s office...everyone’s ramped up and ready to go, with rates adjusted slightly downward. The latest rates I’ve heard – and it’s highly subject to change – go like this: dinar = $3.71, dong = $0.8, zim around $0.10 minus six zeros, rupiah = $1.05. Dinar contract rates could go as high as $28, dong contract rate doesn’t seem to be available any longer, no contract rates on rupiah or zim. If the dong comes out at eight cents, it’s very likely to go up, though we cannot guarantee that. we firmly believe that the zim, dong, dinar and rupiah will all go at the same time. [Are we still on target?] I strongly believe so, and two times remain: this weekend and early next week.
2-6-2015 Intel Guru Bluwolf Waiting for Gazette news, rv follows up to 72 hours after the fact, no veto shall be issued period. No delays whatsoever...that is where we stand, fine and simple...
2-6-2015 Intel/Newshound Guru tman23 Without getting deep into the banking end... When liquidity is low...and low note count is in the market place...and your going to open the doors for an OMO (open market )... There is not a better fit time...to lift the 3 zeros....And I believe that is exactly where they are...How that has an affect on our end is yet to be seen... but scheduled to be widely publicized february 12th... 'Abadi and the Launch".
2-6-2015 Intel Guru Frank26 Article quote: "Parliamentary Finance confirms that determine the time to delete the zeros...That time is not right now" Really Mr GOI? Then what...time do You think it is? You know very well that Fridays are Holy days...where nothing much happens so the media puts out this re-cycled regurgitated re-worded re-hash nonsense supposedly from...the GOI. Let it be KNOWN to The INTERNATIONAL WORLD that the GOICBI no longer waste time on the MR (Monetary Reform) nor argue in difference but instead on nearly ALL issues and matters...Agree. ...only the CBI will be given the permission of Power to lift the 000's...
2-6-2015 Newshound Guru Aggiedad77 Articles: "Parliamentary Finance confirms that determine the time to delete the zeros" "Is not the time to delete the zeros of the Iraqi currency" A member of the Finance Committee is speaking out that he believes the Finance Committee thinks it is time to remove the 000's...but, according to him, the CBI says no it is not time...the Committee sees many positives from an economic standpoint, noting the fall in value of the dinar, believing the removal of the 000's would strengthen things for the dinar...Finance Committee saying one thing...the CBI saying something else...but the bottom line to this back and forth conversation is that the Committee really doesn't have the clout with the CBI to make things happen. ...the thing to remember is...this could change with the CBI at a moments notice...at the blink of an eye...they are the ones who must feel ready to make the change.
2-6-2015 Newshound/Intel Guru BGG Quote: “…the mechanism of action in the counting and checking, sorting and bundles of banknotes as well Technology to fake and damaged automatically excluded.” This is a MASSIVE announcement. Why the big push to eliminate fraud and damaged notes now??
2-6-2015 Intel/Newshound Guru American Contractor Inside the Iraq Federal Budget, there will be three very important economic laws passed. The laws will be Custom Tariffs System, the Local Products Protection and the Consumers Protection. The Custom Tariffs System will be of no use in the northern Iraq as the Islamic State militants control all border checkpoints. There will be no revenue gain as long as the militants are there. The Iraqi government is trying to control the price manipulators of goods coming across the border. The Iraq Stock Exchange is noticing the effect of a strong dollar and the weak Iraqi dinar. Chairman of the Securities Commission Abdul-Razzaq al-Saadi said “Supply and demand and the impact of the Central Bank through traders sell the dollar and reduce the amount of the money changers and the amounts sold led to higher prices in the Iraqi market.” We hope that the Central Bank can stop the current monetary policy and increase the value of the Iraqi dinar.
2-6-2015 Newshound Guru Adam Montana [I saw a comment from someone who said that Iraq could possibly cash in dinars from within Iraq only and not from people outside of Iraq after the RV takes effect. How likely do you think that could be?] No way. That won't happen.
2-6-2015 Newshound Guru sczin11 "Finance Minister Looking tax compliance with America Finance Minister Looking tax compliance with America" "During the meeting, discussion of tax compliance with the United States of America Agreement (Vta) and concluded between the United States and most countries and related tax compliance for foreign accounts to provide tax information on people who hold US citizenship..." HUGE HUGE HUGE RELEASE...IRAQ IS MOVING FORWARD TO COMPLY WITH THE USA LAW THAT WENT INTO EFFECT I THINK JULY 2014... I BELIEVE FACTA? THE ABOVE MEANS ONLY 1 THING...IRAQ IS EXPECTING MONEY INVESTED IN THEIR COUNTRY BY YOU AND ME!
2-6-2015 Newshound Guru Tlar A while back the Finance Committee checks the procedures with the CBI on how they intend to deal with destruction of the currency as it comes in, procedures and such. I don't think they are talking about destroying USD. Then we see the CBI get all the dinars from the independent banks as a prime requirement to sell USD. Then we see the bank setting up a processing center to collect currencies and now we see them training the banks on how to detect counterfeit currencies as they come rolling in. It does make you go hmmmm. I would say that the CBI is getting ready to do something because ...it doesn't look like the normal course of business especially coupled with the CBI's recently announced proposed massive loan to these same banks involved in the process - - - drum roll please - - - in dinars.
2-6-2015 Newshound Guru Millionday Article quote: "Directorate-General for issuing and cabinets held at the Central Bank of Iraq expanded meeting with representatives of the banks to inform them on how to deal with banknotes in accordance with modern techniques in counting and testing..." THERE ARE MASSIVE NEWS STATEMENTS COMING OUT OF CBI...THEY ARE PREPARING FOR THE EXCHANGE OF BILLS AND THEY ARE HAVING MEETINGS WITH ALL BANKS FOR DIRECTION. THEY ARE TRAINING ALL BANKERS ETC ON HOW TO TELL WHAT IS REAL FOR EXCHANGE...TRAINING IN THE ASPECT OF SORTING THE EXCHANGE. THIS IS A MAJOR MEETING AND RELEASED TO CITIZENS...SMILE. [hopefully exchanging of larger notes for smaller as the value will rise!] THAT IS EXACTLY THE HOPE WE HAVE...I SEE NO OTHER REASON FOR SUCH A MEETING WITH ALL BANKERS.
2-6-2015 Intel Guru MarkZ ...things are still on track, turn your frowns upside down, stay in the race and be prepared to check your britches if sudden excitement causes control issues.
2-6-2015 Newshound Guru My Ladies SATURDAY THEY END THE CURFEW IN BAGHDAD AROUND THE GREEN ZONE THAT HAS BEEN IN PLACE SINCE THE INVASION. BUT I THOUGHT THERE WERE TERRORISTS THERE? WELL I GUESS THEY HAVE THAT PROBLEM WORKED OUT RIGHT? SO THIS IS YET ANOTHER SIGN THAT THE TRAINING WHEELS ARE ABOUT TO COME OFF IRAQ. VERY EXCITING TIMES WE ARE WATCHING. 2-5-2015 Newshound Guru Aggiedad77 Article: "Central sales of the dollar rises auction today to $ 82 million" CBI once again exceeded the 75 million dinar per day cap that the budget put in play...because it can...because the budget has not been signed into being yet...and probably because the Article 50 in the budget concerning the cap may not be applicable to the CBI in the first place being an independent body. One member of the Finance Committee believes the CBI is obliged to hold it's auctions to the cap prescribed by the Budget Law...claiming that Iraq has a enormous amount of hard currency...remember this is being contested and turned over to the Federal Court for a decision.
2-5-2015 Intel Guru Frank26 [Do we want to see the CBI TALK or do we want to see the CBI ACT?] I expect to see that the CBI's TALK will allow them to ACT upon their WORDS to bring forth ACTION in the lifting of the dinar's ...VALUE.
2-5-2015 Newshound Guru Tlar ...the CBI recently minus the 75 million per day cap fiasco, IMO has been making all the right moves. That is my observations. ...I think they have done a good job...in the lead up to internationalizing their economy and hopefully, currency.
2-5-2015 Newshound Guru Breitling They passed the budget…they're still moving ahead. They're still building their infrastructure. When you look at a country that reduces the currency note count, 100% of the time the value goes up. Turkey never reduced their note count. Iraq reduced their note count. I can't stress enough on how the budget reflects whats coming down the road…they're telling everybody. You're never going to see in the news that they are going to RV their currency. If you hear that they're going to shut the auctions down, that will be something. We're at 4 billion notes right now…they need to get down to 1 billion…how are they going to do that? [Post 2 of 2]
2-5-2015 Intel Guru TerryK I HAVE CONFIRMED THIS THIS AFTERNOON ...THE BUDGET WAS DELIVERED ON MONDAY THE 2ND OF FEB TO ABADI. BY LAW HE HAS 15 DAYS TO COMMENT OR VETO. SO IF HE WAS PART OF THE DRAFT OF THE BUDGET DO YOU THINK HE IS GOING TO REDO IT? IF HE DOES NOT VETO IT OR DOES NOTHING THEN ON THE 17TH IT GOES INTO LAW. NOW IF HE SIGNS IT, IT CAN GO INTO LAW ANYTIME BEFORE. SO AT THE LATEST IT GOES INTO THE GAZETTE ON THE 18TH OF THIS MONTH. AGAIN THIS IS IF THERE IS NO MODIFICATIONS OR VETO.
2-5-2015 Newshound Guru My Ladies THEY ARE TAKING ALL THE PROPER STEPS AND DOING IT FAST TO BE SURE THE PRIVATE BANKS ARE READY FOR THE INDEPENDENCE AND THE INTERNATIONAL STAGE. THE COMMITTEE OF ECONOMIC AFFAIRS HELD ANOTHER BIG MEETING TODAY. THIS IS THE 3RD ONE SO FAR...THERE IS SO MUCH GREAT NEWS OUT THERE TODAY. WE ARE REALLY VERY CLOSE TO THE END.
2-5-2015 Newshound Guru Breitling When I first got in this investment you HAD to have faith. One 25K note had 25,000 dinar in that one note…They had about 15 Trillion dinar out there…what we didn't know was how many notes there were that represented the 15 Trillion dinar. We knew the note count when they hit 30 Trillion dinar…[they told us] it was represented by 9 Billion notes. The reports started coming out by Dr. Shabibi saying we need to reduce 70% of the note count because their agenda was to get to a $1.17 and then get to the $3 range…that's it. that's all you need to watch. They told everyone what the process would be and the budget reflects that THIS time! [Post 1 or 2 stay tuned for the rest of the story]
2-5-2015 Intel/Newshound Guru tman23 ...it should be obvious...that currency reform is taking place RIGHT NOW...Take into consideration that Shabibi once stated that the reform would be an 18 month project in 3 phases... That being said; We do not know exactly what phase the CBI is in... The fact is that the CBI has opened foreign accounts and vice-versa...The Master Card (Qi card) has issued some cards to those receiving pensions and labeled it as "pilot program"... and they are being used international... There are some reports of people saying the cards are not working correctly... they do not display the correct balance at the ports... From what is being said it appears zeros are not showing up on the cards. That said; it is reasonable to assume that the project of lifting the 3 zeros is in motion.
2-5-2015 Newshound Guru Kaperoni The dinar cannot remain pegged to the dollar if they expect a market economy. The reason is simple, as investment comes into Iraq through the Capital Account, it will create inflationary pressure. The solution to counter this is to allow the dinar to appreciate. ...the central bank should begin the float prior to opening the Capital Account to prevent such inflationary issues...there is no chance for a RV at 1 to 1 or even close with 40+ trillion dinar in circulation... That is almost 4x the worlds money supply. The only way such an event can happen is if the dinar rises gradually from 1166 giving the CBI an opportunity to remove the 3 zero dinar and retire it at its lowest possible value.
2-5-2015 Newshound Guru Tlar The backstop to me is the actual disbursement of funds from the budget, 1166 or a new rate. No matter what, we should see the end to this period very soon meaning whether or not this time we will see the RV, or we will know that all miss-judged and we will be in for a much longer ride. I also don't believe they can go live internationally without an international currency. Personally I think we are there and it is time. Thank god we don't have long to see if this is correct. We have finite backstops, the Gazette and the funding which will close this period of hope one way or another. We should know our answer on the day the first dinar is dispensed from this budget if not a few days before.
2-5-2015 Newshound Guru American Contractor The World Bank has recently published a paper on the unpegging of the dollar from the Iraqi dinar. The World Bank offers suggestions short of being a demand for the Iraq government. In Iraq, they are already exporting Oil and Gas to world markets at the going market rate. The 2015 Iraq Federal Budget will have a problem going forward. The Central Bank of Iraq (CBI) finished the week with the Iraqi dinar market rate fluctuating from 1235-1250 higher than normal. The CBI and the Parliament Economic Committee will meet this weekend (Friday-Saturday) to discuss the monetary policy (Iraq Currency) and increase the value. The Iraqi dinar has no restrictions. The Central Bank is not waiting for a budget; they are implementing their monetary policy. The current monetary policy is causing a shortage of dollars in the market. The Central Bank may raise the limit of the dollar auction sales to assist the Iraqi dinar and increase in value.
2-5-2015 Newshound Guru Chattels the temporary oil and gas agreement, i.e., for the next year / budget cycle, is now law by virtue of the parts which are included in the budget, but as yet there is no PERMANENT hydrocarbon law, IMO.
2-5-2015 Newshound Guru Millionday THE BUDGET IS TO BE SENT FOR PRINTING IN ONE WEEK TO TEN DAYS AND THE CBI GOV IS MAKING IT VERY CLEAR OF HIS INDEPENDENCE IN THE MONETARY POLICY HE HAS READY FOR ACTIVATION. THEY ARE MEETING WITH CBI -- MOP -- AND MOF -- ETC DURING THIS TIME TO CROSS T`S AND DOT I`S ETC. THEY ARE MEETING ON THE HCL WITH THE KURDS THIS WEEK SO THAT ALL ISSUES ARE LOOKED AT AND EXACT FOR ALL.
2-5-2015 Newshound Guru Arthur The full HCL has a myriad moving parts that are much more complex than people imagine and is the reason for what seems like a delay but is only the dotting of all the i's and crossing of all the t's such as the SOMO component and how Kirkuk oil is implemented into the entire equation. The good news is that the very best minds in the economic world are currently there within Iraq putting this much anticipated agreement together starting with the limiting of the auctions and several other strategic actions as a prelude to changing the currency regime and Abadi...went on record as saying he feels it (HCL) along with all the other finishing touches (Investment Laws) should be ready to officially roll out next Thursday the 12th of February which we are being told will officially start a preset timer counting backwards to the reinstatement of the Iraqi dinar. [post 2 of 2]
2-5-2015 Newshound Guru Arthur As I have said for the past 5 years the RV equation was, and still is GOI + HCL = RV. We can now expand "GOI" to include everything we have seen accomplished by Abadi's new government over the past several months of its existence. We can safely say that the difference between Maliki's GOI and Abadi's GOI are as radically different as night and day and everyday we are seeing that difference become more and more pronounced as we draw closer to the event we are all waiting on. Having said that we are still one element away from the conclusion of this event. That is, the conclusion for us...and the beginning for the country of Iraq. That still missing element is a completed and fully implemented Hydrocarbon Law (HCL). The recent HCA (Hydrocarbon Agreement) is no substitute for the HCL and the PTB will never settle for less than the full deal. [post 1 of 2....stay tuned] 2-4-2015 Intel Guru DC [via Adept1] Everyone is waiting on Iraq. All the key banks, the Fed and the Treasury, and most are on 30-60 minute call. The assumption the US is making is that this will happen at night...we fully expect this thing to go through. Everything is beautifully lined up for the next 5-6 days, all laws have been passed and signed, and now it’s up to Iraq. We understand this will happen very quickly.
2-4-2015 Intel/Newshound Guru Backdoc WITH THE BUDGET BECOMING LAW BY THE 15TH, THE COUNTRY WOULD BE PARALYZED UNTIL CBI FUNDING WOULD BE GIVEN, THEREFORE WE SHOULD SEE IT GIVEN BEFORE OR AT THE SAME TIME IT ACTUALLY BECOMES LAW. TRYING TO IMPLEMENT THE BUDGET WITHOUT A RE-INSTATEMENT WOULD DO DAMAGE TO THE NOTE COUNT AND A RATE OF A BUCK WOULD HARDLY SUFFICE AS A DONOR CURRENCY STATUS, THEREFORE I’M EXPECTING 3 PLUS! THIS WEEK APPEARS TO BE THE BACHELORS PARTY BEFORE THE WEDDING!! ITS TIME FOR THE CBI TO OPEN THE CHECKBOOK NEXT WEEK AND TIME FOR PARLIAMENT TO START WRITING SOME CHECKS! IMO [post 2 of 2]
2-4-2015 Intel/Newshound Guru Backdoc BY NOW ITS OBVIOUS TO SEE THAT WE ARE AWAITING THE MARRIAGE BETWEEN THE FUNDING FROM THE CBI, AND THE LAWS THAT ARE WAITING TO BE PASSED! WE ALL ARE INVITED TO THE WEDDING ON THE TENTH TO SEE THE VOWS EXCHANGED! DURING THIS WINDOW BETWEEN THE 10TH TO THE 15TH WE COULD SEE LAWS IN “ONE BASKET”, BE PASSED ONCE THE CBI OFFERS ITS HAND OF FUNDING TO ENACT THESE READIED LAWS! THIS WILL CONSUMMATE A LONG AWAITED MARRIAGE OF THIS ENTERPRISING YOUNG DEMOCRATIC COUPLE! [post 1 of 2....stay tuned]
2-4-2015 Intel Guru Frank26 Article: "Jnataqh to the process of resolving the enactment of the oil and gas law after the amendment drafted" These LAWS are completed but their implementation into the budget to PROTECT it and it's FUNDING are among a handful of things being DONE in the next TWO WEEKS. The GOICBI wants to SCREAM. IOO...They are attempting to do so today and tomorrow. Truth be known...we are VERY surprised to see this information coming out at this present time. Encouraging pace.
2-4-2015 Newshound Guru Adam Montana [do you forsee any factors that are going to stalk HCA to be HCL?] At this time it seems like the security issue is the only factor. [ Does the HCA being made HCL necessarily mean that equates to an RV?] Not 100%, but they are definitely connected.
2-4-2015 Newshound Guru Aggiedad77 Article: "Reform Bloc: Adoption of the oil law will solve all the problems of oil between Baghdad and Erbil" While the oil and gas committee within the COM continues to work on the wording of the new oil and gas law they do admit to a consensus in principle of the law...the COM is expected to tee this up after they push the National Guard law over to Parliament...which happened I believe yesterday...So let's see what the committee work has resulted in for the oil and gas law and just say..."On with the show"...the COM knows full well the benefit to all of Iraq that will be forthcoming with the oil and gas law...meanwhile the Legal Committee wants to see things sped up in the processing of the oil and gas law by Parliament...
2-4-2015 Intel Guru TNT Tony [via Adept1] Last week they restricted them from taking more than 10K dinar out of the country, and now they are not allowing them to take ANY dinar out of the country. That is significant in itself, along with the communications blackout. They are still doing it, it’s active, and there is something happening with their market that they don’t want to get out of the country. Everyone has already signed off on the agreement, so in a sense they are already international. They just need to make the announcement. [I’d like some clarity about the dong rate. You said it would be at least 47 cents, and now I’m hearing it might be 7-9 cents?] We have heard that rumor. We started hearing that on Friday, that the rate changed yesterday. The explanation is that too many of you have dong! We are now hearing they actually changed this in the system. [Is the $3.58 for the dinar still firm?] That is still a good rate, or even a little higher. We’ll see what happens. Iraq will do it when they want and have set specific days that are very soon.
2-4-2015 Newshound Guru sczin11 ...THE PLAN IS IN MOTION, MR [MONETARY REFORM] IS ACTIVATED, CBI IS MOVING RAPIDLY (SPEAKING OUT) REGULARLY, PM IS BEING HEARD WORLD WIDE, WED SPEECHES...NO ONE KNOWS WHEN, AND BASED ON MY PERSONAL BELIEFS AND CREATED UNDERSTANDINGS, I THINK WE ARE LOOKING AT ANY TIME...
2-4-2015 Intel Guru Mnt Goat Do I think the RV will wait until March? Unequivocally and Absolutely – a big fat NO! But it will be close. Why do I feel this way? FACT- Once voted on and passed by parliament and sent to the president Iraq then has 15 days to ratify the law and get the law into the gazette unless the president vetoes the law and decides not to ratify it. It was voted on 1/29, and we know the president received the law on 2/2 so Iraq then has until the 2/17 to get it in the gazette. FACT - Reading the Iraq constitution Article 61, section 1 says that within 24 hours after a law hits the gazette is must be funded, This funding is what we are looking for. This is what is going to get the international rate. So we know they are in fact moving forward. But I would not expect any revaluation to at least on or around mid February.
2-4-2015 Intel/Newshound Guru tman23 All indicators point to an international currency acceptance of IQD...The CBI has opened foreign accounts and foreign accounts are at the CBI...this is an indicator for foreign exchange internal which followed by the pilot Master Card leads to indicators of an international exchange policy. But as of right this moment nothing has changed in regards to exchanging the currency at any US Bank.
2-4-2015 Newshound Guru Shredd Today, foreign investors don't have the option to buy dinar-denominated securities. They don't exist! This announcement changes that...this announcement proves Iraq is ready for investment. This will prop the value of the dinar once investment starts coming in. It's hard to imagine a table set like this and no monetary change preceding it planned. This announcement further proves Iraq is really, really ready for foreign investment. Bottom line - Iraq originated and Dinar denominated securities can be global. But this is the cool part...the value to do the "revalue" as stated above, you need the MARKET-DRIVEN rate! Oh, by the way, a market-driven rate means a free float...where all currencies can exchange for the dinar and the value of the securities to be revalued at any time. It's all good news folks and proves the plan IS for the Dinar to have a market-determined rate soon. This is the "investment into Iraq" we've been waiting for. [post 2 of 2]
2-4-2015 Newshound Guru Shredd Article: "CBI has issued new instructions to the stability of the dinar exchange rate." Quote: "A report issued pointed out by the Central Bank of Iraq that according to the provisions of the Iraqi Central Bank Act for the purpose of achieving the objectives of the Bank and the stability of the Iraqi dinar exchange rate against foreign currency through the optimal use of foreign exchange resources to meet the needs of all and not the central occupancy of functions" ...this is really good to see folks. This does not directly apply to us dinar holders. But, here's the good news. This notice is speaking of securities, like bonds...lending and borrowing agreements... securitized debt available for investment. So, why do we care? This announcement is telling us securities can be denominated in Dinar and invested in by foreign investors. [post 1 of 2....stay tuned]
2-4-2015 Newshound Guru Adam Montana 2. This year's budget was passed, which is something the former GOI (which included Maliki) was not able to do last year. 3. From my sources: the HCL is in effect but there is some question on security, which is the reason for the delay in making the hcA into the HCL. I don't like delays any more than any of you, but this makes a lot of sense. It would be irresponsible for the CBI to raise the value of the dinar without considering the security of those that protect the very oil that has a major role in backing the value of the dinar. So... let's see how this goes over the next couple days. One thing to keep in mind is this: We aren't the only ones waiting to cash in. There's a lot of bigwigs here and abroad that are pushing harder than we are! [post 2 of 2]
2-4-2015 Newshound Guru Adam Montana I'm going to be blunt here... I keep my expectations low and I hold my excitement regardless of what's happening. It's getting progressively harder to stay grounded, even for me... so if you're one of those that's like me and you're on the edge of your seat right now... well, you're not alone! Here's some cliff notes: 1. It's been a long haul, but we are MAKING PROGRESS! We have a new Iraqi PM, we have a new and improved GOI (Government Of Iraq), Chapter 7 is a thing of the past and we are working on the HCL right now. [post 1 of 2....stay tuned]
2-4-2015 Intel/Newshound Guru tman23 This (Abadi) Gov't has been exceptional in keeping it's word...Either they are waiting on the Budget to now be implemented or it's EVERYTHING AT ONE TIME! ...on the 12th Abadi has a conference to Launch the "economy project"...The CBI doesn't need the Budget anymore... Now the question is does the Budget need the CBI...and if so...that can happen anyday now!
2-4-2015 Newshound Guru My Ladies [GURU] NOVA AND I HAVE SAID...WE WILL NOT SEE LAWS WITH OUT FUNDING...AND TO DATE WITH THE EXCEPTION OF THE BUDGET LAW NOT ONE OTHER SINGLE LAW HAS BEEN ENACTED SINCE THIS NEW GOVERNMENT IS IN. SEVERAL LAWS PASSED THE COUNCIL THIS WEEK AND ARE GOING TO THE HOUSE WHEN THEY RETURN ON THE 10TH. IRAQ IS STILL STUCK UNTIL THEY FUND THE BUDGET. WE ARE IN A GOOD POSITION AND THE PROCESS CONTINUES FOR A BIT LONGER. [post 2 of 2]
2-4-2015 Newshound Guru My Ladies ALL THINGS
2-8-2015 Newshound Guru sczin11 I do not believe they are going through this entire process with the hundreds of billions of dollars being invested and loans and the statements that they are the most powerful country and wealthiest country in the world to raise their currency to the equivalents of $.10 per dinar.
2-8-2015 Newshound Guru Aggiedad77 Article: "Special / new draft oil and gas law entitles "Sumo" manage the export of oil exclusively" It seems that a friend of a friend of an MP is saying that the new draft oil and gas law will allow SUMO exclusive rights to manage all oil exported from Iraq...well we shall see what is presented to Parliament in the coming days...because of strong differences in the first two versions of the law from 2007 and 2011, the COM has been in the process of rewriting the law and will soon present this effort to Parliament...there is a rush on this law to get it passed at this time.
2-8-2015 Newshound Guru My Ladies AND JUST TO BE CLEAR WE NEVER SAID THERE WERE NO LAWS NEEDED WE SAID THERE CAN NOT BE LAWS WITH OUT MONEY. AND TO DATE WE HAVE NOT SEEN THE MONEY AND GUESS WHAT…WE HAVE NOT SEEN THE LAWS EITHER. SO...AGAIN... $ B 4 LAWS. WE ARE SOOOOO CLOSE... THEY ARE CLAIMING...ABADI IS GOING TO ENACT THE ECONOMIC REFORMS ON THURSDAY THE 12TH, SO WE CONTINUE TO BUILD ANTICIPATION BECAUSE WE STILL SAY WE NEED TO SEE THE MONEY BEFORE ANY OF THIS CAN HAPPEN. [post 2 of 2]
2-8-2015 Newshound Guru My Ladies Article: "Hamoudi: Parliament intends to issue a new investment law to achieve development goals" THE INVESTMENT LAW SEEMS TO BE DONE FINALLY WITH JUST A FEW CHANGES. THEY HAVE THE CHANGES FROM THE COUNCIL OF MINISTERS AND THEY ARE GOING TO SEND IT TO THE HOUSE FOR...VOTE. THIS IS GREAT NEWS, BECAUSE YOU CAN NOT OPEN THE INVESTMENT LAW WITH OUT MONEY IN THE BANK. WE SEE THE NEED FOR LAWS BUT THE STALL OF IMPLEMENTING THOSE LAWS BECAUSE THEY NEED THE MONEY. SO THEY ARE REALLY PUTTING THEMSELVES OUT THERE WITH ALL THE RUSH RUSH TO FINISH THESE LAWS. [post 1 of 2....stay tuned]
2-8-2015 Newshound Guru sczin11 THE CAREFULLY PLANNED PROCESS CONTINUES... METHODICALLY, PRIME MINISTER ABADI, IS WEEDING OUT THE FORMER REGIME, FROM INTERIOR AND DEFENSE, TO JUDICIAL AND FINANCIAL... THE CBI IS DOING THEIR THING, REDUCING THE US DOLLARS AVAILABILITY, AND SETTING UP THEIR ELECTRONIC BANKING INFRASTRUCTURE...THE BUDGET...HISTORIC IN NATURE...READY TO FUND ECONOMIC AND MONETARY REFORM! IN TRANSIT TO THE PRESIDENT FOR RATIFICATION...BY SNAIL MAIL, WITH SO MUCH EMPHASIS OVER LAST WEEK ABOUT THE 15 DAY LIMIT, AFTER RECEIPT BY THE PRESIDENT...ALL THE RUSHING BY THE GOI AND HOR, AND NOW A SLOWDOWN...ABADIS SPEECH IN DAVOS AND THEN MOST RECENTLY GERMANY, IMPLYING SOME SORT OF IMPLEMENTATION NEXT WEEK, MEANING THIS WEEK...MaJOR COMPANIES COMING INTO IRAQ, MONEY BEING SENT AND LOANED FROM ALL OVER THE WORLD...WHAT ARE THEY GETTING READY FOR?
2-8-2015 Intel Guru TerryK I THINK THIS WEEK SHOULD PROVE TO BE VERY HOT HOT HOT. WHAT I'M GETTING IS THIS IT'S ALL DONE. THEY ARE WAITING WHAT I WAS TOLD AGAIN IS THE 12TH. PARLIAMENT HAS TO DO A FEW THINGS ON THE 10TH AND 11TH...SHOULD SEE IN PAPER ON 12TH.
2-8-2015 Newshound Guru Kaperoni ..."if" this plan is going to work, the CBI has to float the dinar so they can collect the 3 zero dinar at the lowest possible value and retire it. The CBI simply cannot afford to RV the currency at some rate like .10 or $1 and pay for the increase in value. As the one article states..the dinar will.."raise zeros from the dinar raise its value through sobriety," meaning as the dinar strengthens in value, the larger 3 zero notes are retired. I can find an article that says 1.13 to the dollar...that does not mean its going to happen overnight. Let's hope for a correction of around .10 but I am expecting much less out of the gate. [post 2 of 2]
2-8-2015 Newshound Guru Kaperoni Article: "Economists renew demands for the implementation of the deletion of zeros during the current year" Quote: "noting that the central bank governor said that the project will be implemented over the next four years." This is very important statement...that Ali al-Alaq himself stated that the project will be implemented over 4 years. This statement is not from an MP or some other economist, but direct from the CBI Gov. Clearly showing it is gradual and not an overnight event. ...at this point there is 30 trillion dinar or more in circulation...maybe even 40 trillion. The amount of currency in circulation is clearly printed in the CBI reports. [post 1 of 2....stay tuned]
2-8-2015 Newshound Guru Aggiedad77 Article: "Barzani meets with the oil and gas committee in the Iraqi parliament" PM Barzani met with the Parliament Oil and Gas Committee in Erbil today where they talked about issues with the oil and gas law, the Kurd aspect of this law, and how the Kurds plan on cooperating with PM Abadi to see the oil and gas law approved while final differences are worked out with the Kurds...it seems the Kurds remain happy at this point with things and will be worth watching in the coming days as we should see some positive activity in this direction.
2-8-2015 Newshound Guru Chattels [...where does the budget business stand?] a real mystery to me...Parliament says they sent it to the Prez, but the Office of the President says not received? ...it makes me think that the budget is not "revealed" because there is real significance to the ratification of the budget this time. the constitution talks in terms of 15 days after receipt then it is automatic, but the constitution is silent as to a budget passed and sent, but not received...it becomes a question of when does the 15 days begin? "Such laws are considered ratified after fifteen days from the date of receipt by the President." what happens if there is not a "receipt"?
2-8-2015 Intel/Newshound Guru tman23 FORGET THE BUDGET...that is old news...The action now is at the CBI...and it is rattling inside the walls...the news...says that 15 days after the vote it's automatic in play...so why chase your tail? Start looking at the CBI...thats where our interest now lies.
2-8-2015 Intel Guru TNT Tony Iraq not ready. Middle of the week. No problems.
2-8-2015 Intel Guru Frank26 We said they would NOT tell You ...But trust me ...Abadi is dying to tell You the mula is POURING IN LIKE A WATERFALL at this very nano second. THAT ACTION ...IS SECURITY! For what? The Economic Reform of Iraq.
2-8-2015 Intel/Newshound Guru Backdoc I LOOK FOR CHINA TO SHRINK SOME OF ITS RESERVES BY LOSING BUSINESS TO VIETNAM WHILE IT DEFENDS ITS’ CURRENCY AND TRIES TO DIVERSIFY FROM AN EXPORTING ECONOMY TO A MORE DIVERSE ECONOMY! IT WILL HAVE TO PAY A PREMIUM FOR OIL AS WELL! CHINA WILL HAVE TO PAY DEARLY FOR THE BLACK GOLD AND VIETNAM HAS PLENTY! I LOOK FOR A MAJOR INCREASE IN THE DEMAND FOR THE DONG REGARDLESS OF WHEN IT FINDS A REALISTIC VALUE SINCE IT HAS PASSED ARTICLE 4 REVIEW FROM THE IMF! 2-7-2015 Newshound Guru My Ladies THEY NEED TO FUND THAT BUDGET AND IN ABADI SPEECH YESTERDAY HE RE AFFIRMS THAT THE BUDGET IS APPROVED AND WILL BE ENACTED NEXT WEEK ALONG WITH MANY MANY LAWS...HE TOLD THE WORLD THAT YESTERDAY. HE IS ALSO SAYING NEXT WEEK HE WILL PUT THE "NEW" ECONOMIC SYSTEM INTO PLAY. THE GOVERNMENT HAS THE DETAILS WORKED OUT AND THE CBI HAS THE MONEY WORKED OUT. IF THE DINAR COMES PEGGED TO THE SDR AS WE THINK IT WILL IT WILL BE FIXED, NO SPIKES NO FLOATS.
2-7-2015 Intel/Newshound Guru Backdoc WE HEAR THE CURFEW ENDS SATURDAY IN BAGDAD! HAVE THEY BEEN HIDING THIS IMPROVED SECURITY AS GANGS HAVE BEEN ROUNDED UP? MMMM. ...ONCE THE BUDGET BECOMES LAW AND NEEDS TO BE ACTIVE ON THE 16TH DON’T ASSUME WE WILL SEE A LIVE RATE THEN! YES, WE ARE VERY CLOSE BUT REMEMBER NOTHING INTERNATIONAL WILL HAPPEN UNTIL OZ LETS IT GO! (Oz=IMF, WORLD BANK, U.S.TREASURY, AND CBI). YES WE HAVE A LOT TO BE EXCITED ABOUT... [post 2 of 2]
2-7-2015 Intel/Newshound Guru Backdoc WITH BLACK GOLD IN A SHORT SQUEEZE PRICES LOOK TO HEAD LOWER BUT WHEN? MMMM THE RECENT NEWS IN IRAQ LEADS US TO THINK MAYBE NOT UNTIL THE DINAR TAKES VALUE! INTERESTING THAT 58.00/ BARREL IS A TARGET PRICE FOR THEIR BUDGET AND TODAY ENDS AT 57.80/ BARREL! MMMM. REMEMBER THE IQD FOR DECADES WAS OVER $3.00. NOW WE SEE ARTICLES TALKING ABOUT IT RETURNING TO NORMAL! MMMM. WHY DO YOU THINK THE CBI IS INVESTING BACK INTO ITS OWN COUNTRY TO FUND THE BUDGET? BECAUSE IT WILL BE THE BEST PLACE IN THE WORLD TO DO BUSINESS? THE BEST RETURN ON INVESTMENT “ROI”! [post 1 of 2....stay tuned]
2-7-2015 Newshound Guru Enorrste This country will become a powerhouse for three simple reasons: first, it is the "wild west" meaning it is the last and best opportunity for the big players to make some serious money. Second, Iraq has, without question, the largest amount of "natural reserves" in the world... And, finally, third, Iraq has the strongest currency in the world, even though its current value "appears" to be toilet paper. Mark my words. The float will change the world's economic structure. I am not saying this alone. I have Saleh to back me up. To paraphrase: "the dinar will become one of the strongest currencies in the world and will be held by them for a very long time as a world reserve currency." I've been in this over 8 years now. However, as we enter the last lap, please don't lose faith. I am a true believer that anyone who hangs in for the next "phase", as Shabibi used to call it, will be rewarded, not only somewhat, but very nicely indeed. Iraq will literally save the paper currency system. It must. The other option isn't affordable.
2-7-2015 Newshound/Intel Guru Bluedog Article quote: "...announced a group of academics and economists and businessmen Iraqis on Saturday the establishment of Iraq Economic Forum along the lines of international forums and global." I SEE A PROCESS HERE AND I HAVE SEEN IT FOR SOMETIME, SALEH IS ABADI'S FINANCIAL ADVISOR...ABADI...WE KNOW ABADI'S BACKGROUND...SALEH IMO TALKS TO SHABIBI "AS" HE WORKED FOR HIM AND SHABIBI WORKS NOW IN AN INTERNATIONAL ARENA. SO ABADI IS TAKING CLOSE ADVICE FROM THE CHAIN OF COMMAND...IMO. THEY HAVE BEEN WORKING THIS PROCESS OUT FOR A LONG TIME AND FINE TUNING AS TIME GOES BY...SALEH IS MAKING SURE THAT ALL LAWS AND LEGISLATION IS IN PLACE FROM HIS CHAIN OF COMMAND AND ABADI IS LISTENING WELL AND PERFORMING BEAUTIFULLY...IMO.
2-7-2015 Intel Guru Wife in the Know you are on the brink of witnessing Iraq's dreams and also your dreams coming true. These next few weeks should prove positive for this to happen. The exchange rate will be $3.42 as I have always stated...
2-7-2015 Newshound Guru Kaperoni Article quote: "...discussion of tax compliance with the United States of America Agreement (Vta) and concluded between the United States and most countries and related tax compliance for foreign accounts to provide tax information on people who hold US citizenship." This is good news. They clearly are preparing for global investment. Looks like they don't plan to pass the law until Sept 2015. Which may be more related to year-end reporting than timing of investors. You do not do that unless you expect global investment. Again, a great sign that Iraq is preparing to open the economy.
2-7-2015 Newshound Guru Millionday Article quote: "Adel said in a statement the "morning" is necessary to restore public confidence in the local currency..." SO THEY ARE RETURNING THE DINAR TO A RESTORED CONFIDENCE LEVEL TO NOT UNDERESTIMATE THE TRUE VALUE OF IT`S VALUE-- LOVE IT. Quote: "...indicating the need for attention to this subject by regulatory agencies and educate citizens not to be dragged into what is floating currency..." SO AS WE SEE HERE -- THE PLAN IS NOT TO NOT FLOAT.
2-7-2015 Newshound Guru Enorrste ...the passing of the laws is essential for the future of big time investment in Iraq. At the same time, the announcement of the 17 major companies signing contracts today means that the "dam" is about to break, regardless of the laws. I am still convinced that the urge to invest in Iraq by the major countries is enormous, and that they are apparently convinced that Abadi will see to it that their "gamble" by entering early will pay off. Abadi has a degree in economics. He has invited Shabibi back to the CBI, who is also an economist. These guys understand what is needed, and they will get the job done. Abadi is moving like a racehorse to get balls rolling. IRAQ IS POISED TO TAKE OFF, NOT IMPLODE! 2-6-2015 Intel Guru TNT Tony [via Adept1] The US openly asked for a slight delay in order to get something done – they didn’t screw it up or block it, they politely asked for a delay on Wednesday to get something done. That has now been done. There is light at the end of the tunnel – so much light that we can feel the warmth! This is it! Everything is falling into place. Get everything ready to move as soon as this gets started.
2-6-2015 Intel Guru DC [via Adept1] We are in a very good place. In summary, we are still in a wonderful window...That’s the bottom line. In Iraq, they are very ready. The US asked for a brief pause for several different reasons, and the request was warranted. That has been cleaned up and we are ready to go again. Iraq is ramping up again. Everything is ready in the CBI, finance ministry and Abadi’s office...everyone’s ramped up and ready to go, with rates adjusted slightly downward. The latest rates I’ve heard – and it’s highly subject to change – go like this: dinar = $3.71, dong = $0.8, zim around $0.10 minus six zeros, rupiah = $1.05. Dinar contract rates could go as high as $28, dong contract rate doesn’t seem to be available any longer, no contract rates on rupiah or zim. If the dong comes out at eight cents, it’s very likely to go up, though we cannot guarantee that. we firmly believe that the zim, dong, dinar and rupiah will all go at the same time. [Are we still on target?] I strongly believe so, and two times remain: this weekend and early next week.
2-6-2015 Intel Guru Bluwolf Waiting for Gazette news, rv follows up to 72 hours after the fact, no veto shall be issued period. No delays whatsoever...that is where we stand, fine and simple...
2-6-2015 Intel/Newshound Guru tman23 Without getting deep into the banking end... When liquidity is low...and low note count is in the market place...and your going to open the doors for an OMO (open market )... There is not a better fit time...to lift the 3 zeros....And I believe that is exactly where they are...How that has an affect on our end is yet to be seen... but scheduled to be widely publicized february 12th... 'Abadi and the Launch".
2-6-2015 Intel Guru Frank26 Article quote: "Parliamentary Finance confirms that determine the time to delete the zeros...That time is not right now" Really Mr GOI? Then what...time do You think it is? You know very well that Fridays are Holy days...where nothing much happens so the media puts out this re-cycled regurgitated re-worded re-hash nonsense supposedly from...the GOI. Let it be KNOWN to The INTERNATIONAL WORLD that the GOICBI no longer waste time on the MR (Monetary Reform) nor argue in difference but instead on nearly ALL issues and matters...Agree. ...only the CBI will be given the permission of Power to lift the 000's...
2-6-2015 Newshound Guru Aggiedad77 Articles: "Parliamentary Finance confirms that determine the time to delete the zeros" "Is not the time to delete the zeros of the Iraqi currency" A member of the Finance Committee is speaking out that he believes the Finance Committee thinks it is time to remove the 000's...but, according to him, the CBI says no it is not time...the Committee sees many positives from an economic standpoint, noting the fall in value of the dinar, believing the removal of the 000's would strengthen things for the dinar...Finance Committee saying one thing...the CBI saying something else...but the bottom line to this back and forth conversation is that the Committee really doesn't have the clout with the CBI to make things happen. ...the thing to remember is...this could change with the CBI at a moments notice...at the blink of an eye...they are the ones who must feel ready to make the change.
2-6-2015 Newshound/Intel Guru BGG Quote: “…the mechanism of action in the counting and checking, sorting and bundles of banknotes as well Technology to fake and damaged automatically excluded.” This is a MASSIVE announcement. Why the big push to eliminate fraud and damaged notes now??
2-6-2015 Intel/Newshound Guru American Contractor Inside the Iraq Federal Budget, there will be three very important economic laws passed. The laws will be Custom Tariffs System, the Local Products Protection and the Consumers Protection. The Custom Tariffs System will be of no use in the northern Iraq as the Islamic State militants control all border checkpoints. There will be no revenue gain as long as the militants are there. The Iraqi government is trying to control the price manipulators of goods coming across the border. The Iraq Stock Exchange is noticing the effect of a strong dollar and the weak Iraqi dinar. Chairman of the Securities Commission Abdul-Razzaq al-Saadi said “Supply and demand and the impact of the Central Bank through traders sell the dollar and reduce the amount of the money changers and the amounts sold led to higher prices in the Iraqi market.” We hope that the Central Bank can stop the current monetary policy and increase the value of the Iraqi dinar.
2-6-2015 Newshound Guru Adam Montana [I saw a comment from someone who said that Iraq could possibly cash in dinars from within Iraq only and not from people outside of Iraq after the RV takes effect. How likely do you think that could be?] No way. That won't happen.
2-6-2015 Newshound Guru sczin11 "Finance Minister Looking tax compliance with America Finance Minister Looking tax compliance with America" "During the meeting, discussion of tax compliance with the United States of America Agreement (Vta) and concluded between the United States and most countries and related tax compliance for foreign accounts to provide tax information on people who hold US citizenship..." HUGE HUGE HUGE RELEASE...IRAQ IS MOVING FORWARD TO COMPLY WITH THE USA LAW THAT WENT INTO EFFECT I THINK JULY 2014... I BELIEVE FACTA? THE ABOVE MEANS ONLY 1 THING...IRAQ IS EXPECTING MONEY INVESTED IN THEIR COUNTRY BY YOU AND ME!
2-6-2015 Newshound Guru Tlar A while back the Finance Committee checks the procedures with the CBI on how they intend to deal with destruction of the currency as it comes in, procedures and such. I don't think they are talking about destroying USD. Then we see the CBI get all the dinars from the independent banks as a prime requirement to sell USD. Then we see the bank setting up a processing center to collect currencies and now we see them training the banks on how to detect counterfeit currencies as they come rolling in. It does make you go hmmmm. I would say that the CBI is getting ready to do something because ...it doesn't look like the normal course of business especially coupled with the CBI's recently announced proposed massive loan to these same banks involved in the process - - - drum roll please - - - in dinars.
2-6-2015 Newshound Guru Millionday Article quote: "Directorate-General for issuing and cabinets held at the Central Bank of Iraq expanded meeting with representatives of the banks to inform them on how to deal with banknotes in accordance with modern techniques in counting and testing..." THERE ARE MASSIVE NEWS STATEMENTS COMING OUT OF CBI...THEY ARE PREPARING FOR THE EXCHANGE OF BILLS AND THEY ARE HAVING MEETINGS WITH ALL BANKS FOR DIRECTION. THEY ARE TRAINING ALL BANKERS ETC ON HOW TO TELL WHAT IS REAL FOR EXCHANGE...TRAINING IN THE ASPECT OF SORTING THE EXCHANGE. THIS IS A MAJOR MEETING AND RELEASED TO CITIZENS...SMILE. [hopefully exchanging of larger notes for smaller as the value will rise!] THAT IS EXACTLY THE HOPE WE HAVE...I SEE NO OTHER REASON FOR SUCH A MEETING WITH ALL BANKERS.
2-6-2015 Intel Guru MarkZ ...things are still on track, turn your frowns upside down, stay in the race and be prepared to check your britches if sudden excitement causes control issues.
2-6-2015 Newshound Guru My Ladies SATURDAY THEY END THE CURFEW IN BAGHDAD AROUND THE GREEN ZONE THAT HAS BEEN IN PLACE SINCE THE INVASION. BUT I THOUGHT THERE WERE TERRORISTS THERE? WELL I GUESS THEY HAVE THAT PROBLEM WORKED OUT RIGHT? SO THIS IS YET ANOTHER SIGN THAT THE TRAINING WHEELS ARE ABOUT TO COME OFF IRAQ. VERY EXCITING TIMES WE ARE WATCHING. 2-5-2015 Newshound Guru Aggiedad77 Article: "Central sales of the dollar rises auction today to $ 82 million" CBI once again exceeded the 75 million dinar per day cap that the budget put in play...because it can...because the budget has not been signed into being yet...and probably because the Article 50 in the budget concerning the cap may not be applicable to the CBI in the first place being an independent body. One member of the Finance Committee believes the CBI is obliged to hold it's auctions to the cap prescribed by the Budget Law...claiming that Iraq has a enormous amount of hard currency...remember this is being contested and turned over to the Federal Court for a decision.
2-5-2015 Intel Guru Frank26 [Do we want to see the CBI TALK or do we want to see the CBI ACT?] I expect to see that the CBI's TALK will allow them to ACT upon their WORDS to bring forth ACTION in the lifting of the dinar's ...VALUE.
2-5-2015 Newshound Guru Tlar ...the CBI recently minus the 75 million per day cap fiasco, IMO has been making all the right moves. That is my observations. ...I think they have done a good job...in the lead up to internationalizing their economy and hopefully, currency.
2-5-2015 Newshound Guru Breitling They passed the budget…they're still moving ahead. They're still building their infrastructure. When you look at a country that reduces the currency note count, 100% of the time the value goes up. Turkey never reduced their note count. Iraq reduced their note count. I can't stress enough on how the budget reflects whats coming down the road…they're telling everybody. You're never going to see in the news that they are going to RV their currency. If you hear that they're going to shut the auctions down, that will be something. We're at 4 billion notes right now…they need to get down to 1 billion…how are they going to do that? [Post 2 of 2]
2-5-2015 Intel Guru TerryK I HAVE CONFIRMED THIS THIS AFTERNOON ...THE BUDGET WAS DELIVERED ON MONDAY THE 2ND OF FEB TO ABADI. BY LAW HE HAS 15 DAYS TO COMMENT OR VETO. SO IF HE WAS PART OF THE DRAFT OF THE BUDGET DO YOU THINK HE IS GOING TO REDO IT? IF HE DOES NOT VETO IT OR DOES NOTHING THEN ON THE 17TH IT GOES INTO LAW. NOW IF HE SIGNS IT, IT CAN GO INTO LAW ANYTIME BEFORE. SO AT THE LATEST IT GOES INTO THE GAZETTE ON THE 18TH OF THIS MONTH. AGAIN THIS IS IF THERE IS NO MODIFICATIONS OR VETO.
2-5-2015 Newshound Guru My Ladies THEY ARE TAKING ALL THE PROPER STEPS AND DOING IT FAST TO BE SURE THE PRIVATE BANKS ARE READY FOR THE INDEPENDENCE AND THE INTERNATIONAL STAGE. THE COMMITTEE OF ECONOMIC AFFAIRS HELD ANOTHER BIG MEETING TODAY. THIS IS THE 3RD ONE SO FAR...THERE IS SO MUCH GREAT NEWS OUT THERE TODAY. WE ARE REALLY VERY CLOSE TO THE END.
2-5-2015 Newshound Guru Breitling When I first got in this investment you HAD to have faith. One 25K note had 25,000 dinar in that one note…They had about 15 Trillion dinar out there…what we didn't know was how many notes there were that represented the 15 Trillion dinar. We knew the note count when they hit 30 Trillion dinar…[they told us] it was represented by 9 Billion notes. The reports started coming out by Dr. Shabibi saying we need to reduce 70% of the note count because their agenda was to get to a $1.17 and then get to the $3 range…that's it. that's all you need to watch. They told everyone what the process would be and the budget reflects that THIS time! [Post 1 or 2 stay tuned for the rest of the story]
2-5-2015 Intel/Newshound Guru tman23 ...it should be obvious...that currency reform is taking place RIGHT NOW...Take into consideration that Shabibi once stated that the reform would be an 18 month project in 3 phases... That being said; We do not know exactly what phase the CBI is in... The fact is that the CBI has opened foreign accounts and vice-versa...The Master Card (Qi card) has issued some cards to those receiving pensions and labeled it as "pilot program"... and they are being used international... There are some reports of people saying the cards are not working correctly... they do not display the correct balance at the ports... From what is being said it appears zeros are not showing up on the cards. That said; it is reasonable to assume that the project of lifting the 3 zeros is in motion.
2-5-2015 Newshound Guru Kaperoni The dinar cannot remain pegged to the dollar if they expect a market economy. The reason is simple, as investment comes into Iraq through the Capital Account, it will create inflationary pressure. The solution to counter this is to allow the dinar to appreciate. ...the central bank should begin the float prior to opening the Capital Account to prevent such inflationary issues...there is no chance for a RV at 1 to 1 or even close with 40+ trillion dinar in circulation... That is almost 4x the worlds money supply. The only way such an event can happen is if the dinar rises gradually from 1166 giving the CBI an opportunity to remove the 3 zero dinar and retire it at its lowest possible value.
2-5-2015 Newshound Guru Tlar The backstop to me is the actual disbursement of funds from the budget, 1166 or a new rate. No matter what, we should see the end to this period very soon meaning whether or not this time we will see the RV, or we will know that all miss-judged and we will be in for a much longer ride. I also don't believe they can go live internationally without an international currency. Personally I think we are there and it is time. Thank god we don't have long to see if this is correct. We have finite backstops, the Gazette and the funding which will close this period of hope one way or another. We should know our answer on the day the first dinar is dispensed from this budget if not a few days before.
2-5-2015 Newshound Guru American Contractor The World Bank has recently published a paper on the unpegging of the dollar from the Iraqi dinar. The World Bank offers suggestions short of being a demand for the Iraq government. In Iraq, they are already exporting Oil and Gas to world markets at the going market rate. The 2015 Iraq Federal Budget will have a problem going forward. The Central Bank of Iraq (CBI) finished the week with the Iraqi dinar market rate fluctuating from 1235-1250 higher than normal. The CBI and the Parliament Economic Committee will meet this weekend (Friday-Saturday) to discuss the monetary policy (Iraq Currency) and increase the value. The Iraqi dinar has no restrictions. The Central Bank is not waiting for a budget; they are implementing their monetary policy. The current monetary policy is causing a shortage of dollars in the market. The Central Bank may raise the limit of the dollar auction sales to assist the Iraqi dinar and increase in value.
2-5-2015 Newshound Guru Chattels the temporary oil and gas agreement, i.e., for the next year / budget cycle, is now law by virtue of the parts which are included in the budget, but as yet there is no PERMANENT hydrocarbon law, IMO.
2-5-2015 Newshound Guru Millionday THE BUDGET IS TO BE SENT FOR PRINTING IN ONE WEEK TO TEN DAYS AND THE CBI GOV IS MAKING IT VERY CLEAR OF HIS INDEPENDENCE IN THE MONETARY POLICY HE HAS READY FOR ACTIVATION. THEY ARE MEETING WITH CBI -- MOP -- AND MOF -- ETC DURING THIS TIME TO CROSS T`S AND DOT I`S ETC. THEY ARE MEETING ON THE HCL WITH THE KURDS THIS WEEK SO THAT ALL ISSUES ARE LOOKED AT AND EXACT FOR ALL.
2-5-2015 Newshound Guru Arthur The full HCL has a myriad moving parts that are much more complex than people imagine and is the reason for what seems like a delay but is only the dotting of all the i's and crossing of all the t's such as the SOMO component and how Kirkuk oil is implemented into the entire equation. The good news is that the very best minds in the economic world are currently there within Iraq putting this much anticipated agreement together starting with the limiting of the auctions and several other strategic actions as a prelude to changing the currency regime and Abadi...went on record as saying he feels it (HCL) along with all the other finishing touches (Investment Laws) should be ready to officially roll out next Thursday the 12th of February which we are being told will officially start a preset timer counting backwards to the reinstatement of the Iraqi dinar. [post 2 of 2]
2-5-2015 Newshound Guru Arthur As I have said for the past 5 years the RV equation was, and still is GOI + HCL = RV. We can now expand "GOI" to include everything we have seen accomplished by Abadi's new government over the past several months of its existence. We can safely say that the difference between Maliki's GOI and Abadi's GOI are as radically different as night and day and everyday we are seeing that difference become more and more pronounced as we draw closer to the event we are all waiting on. Having said that we are still one element away from the conclusion of this event. That is, the conclusion for us...and the beginning for the country of Iraq. That still missing element is a completed and fully implemented Hydrocarbon Law (HCL). The recent HCA (Hydrocarbon Agreement) is no substitute for the HCL and the PTB will never settle for less than the full deal. [post 1 of 2....stay tuned] 2-4-2015 Intel Guru DC [via Adept1] Everyone is waiting on Iraq. All the key banks, the Fed and the Treasury, and most are on 30-60 minute call. The assumption the US is making is that this will happen at night...we fully expect this thing to go through. Everything is beautifully lined up for the next 5-6 days, all laws have been passed and signed, and now it’s up to Iraq. We understand this will happen very quickly.
2-4-2015 Intel/Newshound Guru Backdoc WITH THE BUDGET BECOMING LAW BY THE 15TH, THE COUNTRY WOULD BE PARALYZED UNTIL CBI FUNDING WOULD BE GIVEN, THEREFORE WE SHOULD SEE IT GIVEN BEFORE OR AT THE SAME TIME IT ACTUALLY BECOMES LAW. TRYING TO IMPLEMENT THE BUDGET WITHOUT A RE-INSTATEMENT WOULD DO DAMAGE TO THE NOTE COUNT AND A RATE OF A BUCK WOULD HARDLY SUFFICE AS A DONOR CURRENCY STATUS, THEREFORE I’M EXPECTING 3 PLUS! THIS WEEK APPEARS TO BE THE BACHELORS PARTY BEFORE THE WEDDING!! ITS TIME FOR THE CBI TO OPEN THE CHECKBOOK NEXT WEEK AND TIME FOR PARLIAMENT TO START WRITING SOME CHECKS! IMO [post 2 of 2]
2-4-2015 Intel/Newshound Guru Backdoc BY NOW ITS OBVIOUS TO SEE THAT WE ARE AWAITING THE MARRIAGE BETWEEN THE FUNDING FROM THE CBI, AND THE LAWS THAT ARE WAITING TO BE PASSED! WE ALL ARE INVITED TO THE WEDDING ON THE TENTH TO SEE THE VOWS EXCHANGED! DURING THIS WINDOW BETWEEN THE 10TH TO THE 15TH WE COULD SEE LAWS IN “ONE BASKET”, BE PASSED ONCE THE CBI OFFERS ITS HAND OF FUNDING TO ENACT THESE READIED LAWS! THIS WILL CONSUMMATE A LONG AWAITED MARRIAGE OF THIS ENTERPRISING YOUNG DEMOCRATIC COUPLE! [post 1 of 2....stay tuned]
2-4-2015 Intel Guru Frank26 Article: "Jnataqh to the process of resolving the enactment of the oil and gas law after the amendment drafted" These LAWS are completed but their implementation into the budget to PROTECT it and it's FUNDING are among a handful of things being DONE in the next TWO WEEKS. The GOICBI wants to SCREAM. IOO...They are attempting to do so today and tomorrow. Truth be known...we are VERY surprised to see this information coming out at this present time. Encouraging pace.
2-4-2015 Newshound Guru Adam Montana [do you forsee any factors that are going to stalk HCA to be HCL?] At this time it seems like the security issue is the only factor. [ Does the HCA being made HCL necessarily mean that equates to an RV?] Not 100%, but they are definitely connected.
2-4-2015 Newshound Guru Aggiedad77 Article: "Reform Bloc: Adoption of the oil law will solve all the problems of oil between Baghdad and Erbil" While the oil and gas committee within the COM continues to work on the wording of the new oil and gas law they do admit to a consensus in principle of the law...the COM is expected to tee this up after they push the National Guard law over to Parliament...which happened I believe yesterday...So let's see what the committee work has resulted in for the oil and gas law and just say..."On with the show"...the COM knows full well the benefit to all of Iraq that will be forthcoming with the oil and gas law...meanwhile the Legal Committee wants to see things sped up in the processing of the oil and gas law by Parliament...
2-4-2015 Intel Guru TNT Tony [via Adept1] Last week they restricted them from taking more than 10K dinar out of the country, and now they are not allowing them to take ANY dinar out of the country. That is significant in itself, along with the communications blackout. They are still doing it, it’s active, and there is something happening with their market that they don’t want to get out of the country. Everyone has already signed off on the agreement, so in a sense they are already international. They just need to make the announcement. [I’d like some clarity about the dong rate. You said it would be at least 47 cents, and now I’m hearing it might be 7-9 cents?] We have heard that rumor. We started hearing that on Friday, that the rate changed yesterday. The explanation is that too many of you have dong! We are now hearing they actually changed this in the system. [Is the $3.58 for the dinar still firm?] That is still a good rate, or even a little higher. We’ll see what happens. Iraq will do it when they want and have set specific days that are very soon.
2-4-2015 Newshound Guru sczin11 ...THE PLAN IS IN MOTION, MR [MONETARY REFORM] IS ACTIVATED, CBI IS MOVING RAPIDLY (SPEAKING OUT) REGULARLY, PM IS BEING HEARD WORLD WIDE, WED SPEECHES...NO ONE KNOWS WHEN, AND BASED ON MY PERSONAL BELIEFS AND CREATED UNDERSTANDINGS, I THINK WE ARE LOOKING AT ANY TIME...
2-4-2015 Intel Guru Mnt Goat Do I think the RV will wait until March? Unequivocally and Absolutely – a big fat NO! But it will be close. Why do I feel this way? FACT- Once voted on and passed by parliament and sent to the president Iraq then has 15 days to ratify the law and get the law into the gazette unless the president vetoes the law and decides not to ratify it. It was voted on 1/29, and we know the president received the law on 2/2 so Iraq then has until the 2/17 to get it in the gazette. FACT - Reading the Iraq constitution Article 61, section 1 says that within 24 hours after a law hits the gazette is must be funded, This funding is what we are looking for. This is what is going to get the international rate. So we know they are in fact moving forward. But I would not expect any revaluation to at least on or around mid February.
2-4-2015 Intel/Newshound Guru tman23 All indicators point to an international currency acceptance of IQD...The CBI has opened foreign accounts and foreign accounts are at the CBI...this is an indicator for foreign exchange internal which followed by the pilot Master Card leads to indicators of an international exchange policy. But as of right this moment nothing has changed in regards to exchanging the currency at any US Bank.
2-4-2015 Newshound Guru Shredd Today, foreign investors don't have the option to buy dinar-denominated securities. They don't exist! This announcement changes that...this announcement proves Iraq is ready for investment. This will prop the value of the dinar once investment starts coming in. It's hard to imagine a table set like this and no monetary change preceding it planned. This announcement further proves Iraq is really, really ready for foreign investment. Bottom line - Iraq originated and Dinar denominated securities can be global. But this is the cool part...the value to do the "revalue" as stated above, you need the MARKET-DRIVEN rate! Oh, by the way, a market-driven rate means a free float...where all currencies can exchange for the dinar and the value of the securities to be revalued at any time. It's all good news folks and proves the plan IS for the Dinar to have a market-determined rate soon. This is the "investment into Iraq" we've been waiting for. [post 2 of 2]
2-4-2015 Newshound Guru Shredd Article: "CBI has issued new instructions to the stability of the dinar exchange rate." Quote: "A report issued pointed out by the Central Bank of Iraq that according to the provisions of the Iraqi Central Bank Act for the purpose of achieving the objectives of the Bank and the stability of the Iraqi dinar exchange rate against foreign currency through the optimal use of foreign exchange resources to meet the needs of all and not the central occupancy of functions" ...this is really good to see folks. This does not directly apply to us dinar holders. But, here's the good news. This notice is speaking of securities, like bonds...lending and borrowing agreements... securitized debt available for investment. So, why do we care? This announcement is telling us securities can be denominated in Dinar and invested in by foreign investors. [post 1 of 2....stay tuned]
2-4-2015 Newshound Guru Adam Montana 2. This year's budget was passed, which is something the former GOI (which included Maliki) was not able to do last year. 3. From my sources: the HCL is in effect but there is some question on security, which is the reason for the delay in making the hcA into the HCL. I don't like delays any more than any of you, but this makes a lot of sense. It would be irresponsible for the CBI to raise the value of the dinar without considering the security of those that protect the very oil that has a major role in backing the value of the dinar. So... let's see how this goes over the next couple days. One thing to keep in mind is this: We aren't the only ones waiting to cash in. There's a lot of bigwigs here and abroad that are pushing harder than we are! [post 2 of 2]
2-4-2015 Newshound Guru Adam Montana I'm going to be blunt here... I keep my expectations low and I hold my excitement regardless of what's happening. It's getting progressively harder to stay grounded, even for me... so if you're one of those that's like me and you're on the edge of your seat right now... well, you're not alone! Here's some cliff notes: 1. It's been a long haul, but we are MAKING PROGRESS! We have a new Iraqi PM, we have a new and improved GOI (Government Of Iraq), Chapter 7 is a thing of the past and we are working on the HCL right now. [post 1 of 2....stay tuned]
2-4-2015 Intel/Newshound Guru tman23 This (Abadi) Gov't has been exceptional in keeping it's word...Either they are waiting on the Budget to now be implemented or it's EVERYTHING AT ONE TIME! ...on the 12th Abadi has a conference to Launch the "economy project"...The CBI doesn't need the Budget anymore... Now the question is does the Budget need the CBI...and if so...that can happen anyday now!
2-4-2015 Newshound Guru My Ladies [GURU] NOVA AND I HAVE SAID...WE WILL NOT SEE LAWS WITH OUT FUNDING...AND TO DATE WITH THE EXCEPTION OF THE BUDGET LAW NOT ONE OTHER SINGLE LAW HAS BEEN ENACTED SINCE THIS NEW GOVERNMENT IS IN. SEVERAL LAWS PASSED THE COUNCIL THIS WEEK AND ARE GOING TO THE HOUSE WHEN THEY RETURN ON THE 10TH. IRAQ IS STILL STUCK UNTIL THEY FUND THE BUDGET. WE ARE IN A GOOD POSITION AND THE PROCESS CONTINUES FOR A BIT LONGER. [post 2 of 2]
2-4-2015 Newshound Guru My Ladies ALL THINGS